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FINANCIAL HIGHLIGHTS
12 Months Ended
Dec. 31, 2011
FINANCIAL HIGHLIGHTS

NOTE 6 – FINANCIAL HIGHLIGHTS 

The following table presents per unit performance data and other supplemental financial data for the years ended December 31, 2011 and 2010 and the period from September 2, 2009 (inception) to December 31, 2009. This information has been derived from information presented in the financial statements.

 

    Year ended
December  31,
2011
    Year ended
December 31,
2010*
    Period from
September 2,

2009 to
December 31,
2009
 

Per Unit Operating Performance:

     

Net asset value, beginning of year/period

  $ 63.08      $ 50.00      $ —     

Total income

    12.17        13.40        —     

Net expenses

    (0.71     (0.32     —     
 

 

 

   

 

 

   

 

 

 

Net increase in net asset value

    11.46        13.08        —     
 

 

 

   

 

 

   

 

 

 

Net asset value, end of year/period

  $ 74.54      $ 63.08      $ —     
 

 

 

   

 

 

   

 

 

 

Total Return

    18.17     26.16     —  
 

 

 

   

 

 

   

 

 

 

Ratios to Average Net Assets

     

Total income

    16.11     24.52     —  
 

 

 

   

 

 

   

 

 

 

Management fees

    0.75     0.75 %**      —   %** 
 

 

 

   

 

 

   

 

 

 

Total expenses excluding management fees

    0.43     2.02 %**      —   %** 
 

 

 

   

 

 

   

 

 

 

Expenses waived

    (0.24 )%      (1.78 )%**      —   %** 
 

 

 

   

 

 

   

 

 

 

Net expenses excluding management fees

    0.19     0.24 %**      —   %** 
 

 

 

   

 

 

   

 

 

 

Net income

    15.17     23.94     —  
 

 

 

   

 

 

   

 

 

 

 

*

The commencement of operations of the United States Brent Oil Fund, LP was June 2, 2010.

**

Annualized

Total returns are calculated based on the change in value during the period. An individual unitholder’s total return and ratio may vary from the above total returns and ratios based on the timing of contributions to and withdrawals from USBO.