United States Brent Oil Fund, LP filed a Form 8-K on September 29, 2026, disclosing its financial results for the month ended August 31, 2026. The filing includes a monthly account statement detailing the fund's income, expenses, and net asset value.
According to the Statement of Income (Loss), the fund generated total income of $35,620,919. This total was comprised of realized trading gains on commodity futures of $20,577,580, unrealized gains on market value of commodity futures of $13,162,030, dividend income of $1,239,530, interest income of $633,379, and ETF transaction fees of $8,400.
Operating expenses for the month amounted to $548,364. These costs included general partner management fees of $409,554, professional fees of $84,854, brokerage commissions of $42,066, and directors' fees and insurance totaling $11,890.
After deducting expenses from total income, the fund reported a net income of $35,072,555 for the month.
The Statement of Changes in Net Asset Value indicates that the fund’s net asset value at the end of August 31, 2026, was $620,942,000. This represents an increase from the beginning of the month value of $615,262,133. The increase was driven by the net income of $35,072,555, partially offset by share redemptions. During the month, the fund issued 1,750,000 shares and redeemed 2,250,000 shares, resulting in a net reduction of 500,000 shares outstanding.
The net asset value per share at month-end was $52.85, calculated based on 11,750,000 shares outstanding.
