---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-052254"
form_type: "8-K"
ticker: "BNO"
cik: "0001472494"
company_name: "United States Brent Oil Fund, LP"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:22:58.669153+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 net loss of $8.9M for March 2023; NAV per share $26.63

## Summary
- Net loss of $8,919,005 for March; realized trading loss on futures of $28,633,850 partially offset by $19,035,890 unrealized gain.
- NAV fell from $251.5M to $241.0M; NAV per share of $26.63 on 9,050,000 shares outstanding.
- Additions of 800,000 shares ($20.3M) and withdrawals of 850,000 shares ($21.9M) during the month.
- Dividend income $463,744 and interest income $394,514; total expenses $182,803.

## SEC filing metadata
- accession: 0001104659-23-052254
- form_type: 8-K
- ticker: BNO
- cik: 0001472494
- company_name: United States Brent Oil Fund, LP
- filed_at: 2023-04-28T23:59:59+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/1472494/000110465923052254/0001104659-23-052254-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472494/000110465923052254/tm2312904d6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-052254
- JSON: https://secwatch.observer/filing/0001104659-23-052254.json
- Plain text: https://secwatch.observer/filing/0001104659-23-052254.txt

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