BNO reports $162.4M June loss on $234M realized futures losses, NAV falls to $543.6M

Filed July 29, 2026 · Period ending July 29, 2026 · ~1 min read

Key Changes

• high

  Fund posted $162.4M net loss for June 2026, driven by $234M realized losses on Brent oil futures contracts, partially offset by $70.1M unrealized gains on open positions.

  Exhibit 99.1 view on EDGAR →
• high

  Net asset value declined from $765.1M (June 1) to $543.6M (June 30), with NAV per share at $40.41 on 13.45M shares outstanding.

  Exhibit 99.1 view on EDGAR →
• medium

  Fund experienced net redemptions of 1.8M shares during June (5.55M withdrawn vs. 3.75M created), representing ~$59M in net outflows.

  Exhibit 99.1 view on EDGAR →