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BNO Fund Description
The United States Brent Oil Fund tracks the Brent oil spot price using near-month ICE futures contracts.
BNO FactSet Analytics Insight
BNO offers viable exposure to Brent oil, an
“BNO offers viable exposure to Brent oil, an alternative to the WTI benchmark” alternative to the WTI benchmark with significant differences. Brent spot prices have been higher than WTI for some time (although the gap has narrowed considerably recently), and the short end of the futures curve on Brent has historically sloped up rather than down. This last point sounds granular, but is in fact a key driver of return differences. BNO charges 116 bps and can be fairly traded with some effort. Investors get a K-1 rather than a 1099, and are taxed at a blended long-term and short-term rate.
BNO Top 10 Contracts
BNO Summary Data
BNO Portfolio Data
BNO Index Data
Related ETFs to BNO
BNO Portfolio Management
BNO Tax Exposures
BNO Fund Structure
BNO FactSet Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BNO. BNO is rated a 5 out of 5.