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QUARTERLY FINANCIAL DATA
 12 Months Ended
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.

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First 

    

Second 

    

Third

    

Fourth

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Quarter

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Quarter

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Quarter

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Quarter

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2024

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2024

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2024

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2024

Total Income (Loss)

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$

20,613,253

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$

1,016,871

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$

(22,009,901)

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$

12,653,359

Total Expenses

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396,377

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384,206

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483,708

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411,464

Net Income (Loss)

​

$

20,216,876

​

$

632,665

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$

(22,493,609)

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$

12,241,895

Net Income (Loss) per Share

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$

4.57

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$

0.21

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$

(3.89)

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$

1.86

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First 

    

Second 

    

Third

    

Fourth

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Quarter

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Quarter

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Quarter

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Quarter

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2023

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2023

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2023

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2023

Total Income (Loss)

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$

(13,512,234)

​

$

(5,234,958)

​

$

38,927,613

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$

(22,505,345)

Total Expenses

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520,938

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438,990

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405,917

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400,950

Net Income (Loss)

​

$

(14,033,172)

​

$

(5,673,948)

​

$

38,521,696

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$

(22,906,295)

Net Income (Loss) per Share

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$

(1.63)

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$

(1.14)

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$

6.57

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$

(4.67)

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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.