United States Brent Oil Fund, LP (UBO) has filed a Current Report on Form 8-K disclosing the financial results for the month ended September 30, 2026. The filing includes a monthly account statement detailing the fund's income, expenses, and changes in net asset value.
According to the Statement of Income (Loss) for the period, the fund reported total income of $76,617,394. This figure is derived from realized trading gains on commodity futures, which amounted to $90,735,750, partially offset by unrealized losses on market value of commodity futures of $16,118,020. Additionally, the fund recorded dividend income of $1,038,337 and interest income of $949,777.
Total expenses for the month were reported at $554,309. These costs include general partner management fees of $414,516, professional fees of $84,161, brokerage commissions of $44,117, and directors' fees and insurance totaling $11,515.
After accounting for expenses, the fund reported a net income (loss) of $76,063,085 for September 2026.
The Statement of Changes in Net Asset Value indicates that the fund’s net asset value at the beginning of the month on September 1, 2026, was $620,942,000. During the month, the fund experienced net redemptions of 1,050,000 shares, resulting in additions of $166,191,068 and withdrawals of $220,451,749. Following the addition of the net income, the net asset value at the end of the month was $642,744,404.
The filing also notes that the fund had 10,700,000 shares outstanding as of September 30, 2026, resulting in a net asset value per share of $60.07.
