---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-075612"
form_type: "8-K"
ticker: "BNO"
cik: "0001472494"
company_name: "United States Brent Oil Fund, LP"
filed_at: "2023-06-28T23:59:59+00:00"
generated_at: "2026-06-13T15:29:45.283363+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# United States Brent Oil Fund reports net loss $18.4M for May; NAV per share $24.48

## Summary
- Net loss of $18.4M for month ended May 31, 2023; net loss per share not provided.
- NAV per share $24.48 vs. prior month-end not stated; shares outstanding 7.35M.
- Realized trading loss on commodity futures of $21.0M; unrealized gain of $2.0M.
- Total expenses $146k; management fees $123k; brokerage commissions $13k.
- Net asset value decreased from $204.9M to $179.9M, reflecting losses and net share redemptions.

## SEC filing metadata
- accession: 0001104659-23-075612
- form_type: 8-K
- ticker: BNO
- cik: 0001472494
- company_name: United States Brent Oil Fund, LP
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1472494/000110465923075612/0001104659-23-075612-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472494/000110465923075612/tm2318578d6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-075612
- JSON: https://secwatch.observer/filing/0001104659-23-075612.json
- Plain text: https://secwatch.observer/filing/0001104659-23-075612.txt

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