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QUARTERLY FINANCIAL DATA | 12 Months Ended
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Dec. 31, 2024
QUARTERLY FINANCIAL DATA |
QUARTERLY FINANCIAL DATA | NOTE 7 - QUARTERLY FINANCIAL DATA (Unaudited) The following summarized (unaudited) quarterly financial information presents the results of operations and other data for the three-month periods ended March 31, June 30, September 30 and December 31, 2024 and 2023.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | First |  | Second |  | Third |  | Fourth
​ | ​ | Quarter | ​ | Quarter | ​ | Quarter | ​ | Quarter
​ | ​ | 2024 | ​ | 2024 | ​ | 2024 | ​ | 2024
Total Income (Loss) | ​ | $ | 20,613,253 | ​ | $ | 1,016,871 | ​ | $ | (22,009,901) | ​ | $ | 12,653,359
Total Expenses | ​ |  | 396,377 | ​ |  | 384,206 | ​ |  | 483,708 | ​ |  | 411,464
Net Income (Loss) | ​ | $ | 20,216,876 | ​ | $ | 632,665 | ​ | $ | (22,493,609) | ​ | $ | 12,241,895
Net Income (Loss) per Share | ​ | $ | 4.57 | ​ | $ | 0.21 | ​ | $ | (3.89) | ​ | $ | 1.86
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | First |  | Second |  | Third |  | Fourth
​ | ​ | Quarter | ​ | Quarter | ​ | Quarter | ​ | Quarter
​ | ​ | 2023 | ​ | 2023 | ​ | 2023 | ​ | 2023
Total Income (Loss) | ​ | $ | (13,512,234) | ​ | $ | (5,234,958) | ​ | $ | 38,927,613 | ​ | $ | (22,505,345)
Total Expenses | ​ |  | 520,938 | ​ |  | 438,990 | ​ |  | 405,917 | ​ |  | 400,950
Net Income (Loss) | ​ | $ | (14,033,172) | ​ | $ | (5,673,948) | ​ | $ | 38,521,696 | ​ | $ | (22,906,295)
Net Income (Loss) per Share | ​ | $ | (1.63) | ​ | $ | (1.14) | ​ | $ | 6.57 | ​ | $ | (4.67)
​ Total returns are calculated based on the change in value during the period. An individual shareholder’s total return and ratio may vary from the above total returns and ratios based on the timing of contributions to and withdrawals from BNO. Additionally, only Authorized Participants purchase and redeem shares from the Fund at the NAV per share. Most shareholders will purchase and sell shares in the secondary market at market prices, which may differ from the NAV per share and result in a higher or lower total return.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1B Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 270 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/270/tableOfContent + Details
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