---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-037513"
form_type: "8-K"
ticker: "BNO"
cik: "0001472494"
company_name: "United States Brent Oil Fund, LP"
filed_at: "2023-03-28T23:59:59+00:00"
generated_at: "2026-06-17T12:38:37.477307+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# US Brent Oil Fund reports $4.1M net loss for February 2023

## Summary
- Net loss of $4,129,571 for month ended Feb 28, 2023; realized trading loss of $4,190,960.
- Ending NAV of $251,517,066; NAV per share $27.64 on 9.1M shares outstanding.
- Additions of 850,000 shares ($23.4M) and withdrawals of 150,000 shares ($4.1M).
- Dividend income of $391,479 and interest income of $359,107 partially offset losses.
- General partner management fees totaled $139,469 for the month.

## SEC filing metadata
- accession: 0001104659-23-037513
- form_type: 8-K
- ticker: BNO
- cik: 0001472494
- company_name: United States Brent Oil Fund, LP
- filed_at: 2023-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1472494/000110465923037513/0001104659-23-037513-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472494/000110465923037513/tm239381d6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-037513
- JSON: https://secwatch.observer/filing/0001104659-23-037513.json
- Plain text: https://secwatch.observer/filing/0001104659-23-037513.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.