XML 32 R15.htm IDEA: XBRL DOCUMENT v3.25.0.1

FINANCIAL HIGHLIGHTS

12 Months Ended

Dec. 31, 2024

FINANCIAL HIGHLIGHTS

FINANCIAL HIGHLIGHTS

NOTE 6 — FINANCIAL HIGHLIGHTS

The following table presents per share performance data and other supplemental financial data for the years ended December 31, 2024, 2023 and 2022 for the shareholders. This information has been derived from information presented in the financial statements.

​

​	​	​	​	​	​	​	​	​	​	​
​		Year ended			Year ended			Year ended		​
​	​	December 31,		​	December 31,		​	December 31,		​
​	​	2024		​	2023		​	2022		​
Per Share Operating Performance:	​	​			​			​		​
Net asset value, beginning of year	​	$	27.39	​	$	28.26	​	$	20.87	​
Total income (loss)	​		3.09	​		(0.61)	​		7.68	​
Total expenses	​		(0.34)	​		(0.26)	​		(0.29)	​
Net increase (decrease) in net asset value	​		2.75	​		(0.87)	​		7.39	​
Net asset value, end of year	​	$	30.14	​	$	27.39	​	$	28.26	​
​	​		​	​		​	​		​	​
Total Return	​	​	10.04	%		(3.08)	%		35.41	%
​	​		​	​		​	​		​	​
Ratios to Average Net Assets	​		​	​		​	​		​	​
Total income (loss)	​		8.38	%		(1.24)	%		32.32	%
Management fees	​		0.75	%		0.75	%		0.75	%
Total expenses excluding management fees	​		0.39	%		0.19	%		0.25	%
Net income (loss)	​	​	7.23	%		(2.18)	%		31.32	%

​

X

- References

No definition available.

+ Details

Name:	bno_SupplementalFinancialInformationDisclosureAbstract
Namespace Prefix:	bno_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for supplemental financial information.

+ References

No definition available.

+ Details

Name:	bno_SupplementalFinancialInformationDisclosureTextBlock
Namespace Prefix:	bno_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration