---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-102791"
form_type: "8-K"
ticker: "BNO"
cik: "0001472494"
company_name: "United States Brent Oil Fund, LP"
filed_at: "2026-08-28T12:27:04+00:00"
generated_at: "2026-08-28T12:30:06.238709+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# Brent Oil Fund July NAV rises to $50.23/share on $128M net income

## Summary
- Net income of $127.9M for July 2026, driven by $86.2M realized and $40.5M unrealized gains on commodity futures.
- NAV end of month $615.3M, up from $543.6M at July 1; NAV per share $50.23 on 12.25M shares.
- Additions of 550,000 shares ($28.0M) and withdrawals of 1.75M shares ($84.3M) during the month.
- Dividend income $1.24M, interest income $505k; total expenses $522k including $386k management fees.
- Routine Rule 4.22 monthly account statement; no change to fund operations or strategy.

## SEC filing metadata
- accession: 0001104659-26-102791
- form_type: 8-K
- ticker: BNO
- cik: 0001472494
- company_name: United States Brent Oil Fund, LP
- filed_at: 2026-08-28T12:27:04+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1472494/000110465926102791/0001104659-26-102791-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1472494/000110465926102791/tm2623039d6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-102791
- JSON: https://secwatch.observer/filing/0001104659-26-102791.json
- Plain text: https://secwatch.observer/filing/0001104659-26-102791.txt

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