EX-99.1 2 tv514116_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

United States Brent Oil Fund, LP

Monthly Account Statement

For the Month Ended January 31, 2019

 

Statement of Income (Loss)    
     
Income     
Realized Trading Gain (Loss) on Futures  $4,709,640 
Unrealized Gain (Loss) on Market Value of Futures   5,309,510 
Dividend Income   34,895 
Interest Income   129,743 
ETF Transaction Fees   1,050 
Total Income (Loss)  $10,184,838 
      
Expenses     
General Partner Management Fees  $53,163 
Professional Fees   2,972 
Brokerage Commissions   8,724 
Non-interested Directors' Fees and Expenses   875 
Prepaid Insurance Expense   536 
Total Expenses   66,270 
Expense Waiver   (2,475)
Net Expenses  $63,795 
Net Income (Loss)  $10,121,043 
      
Statement of Changes in Net Asset Value     
      
Net Asset Value Beginning of Month 1/1/19  $73,624,628 
Additions (200,000 Shares)   3,189,871 
Withdrawals (100,000 Shares)   (1,734,254)
Net Income (Loss)   10,121,043 
      
Net Asset Value End of Month  $85,201,288 
Net Asset Value Per Share (4,950,000 Shares)  $17.21 

 

To the Limited Partners of United States Brent Oil Fund, LP:

 

Pursuant to Rule 4.22(h) under the Commodity Exchange Act, the undersigned represents that, to the best of his knowledge and belief, the information contained in the Account Statement for the month ended January 31, 2019 is accurate and complete.

 

/s/ Stuart P. Crumbaugh  
Stuart P. Crumbaugh  

Chief Financial Officer

United States Commodity Funds LLC, General Partner of United States Brent Oil Fund, LP

 

United States Commodity Funds LLC

1850 Mt. Diablo Boulevard, Suite 640

Walnut Creek, CA 94596