Risk factors

United States Brent Oil Fund (BNO) risk factors

Item 1A of every United States Brent Oil Fund, LP 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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  • FY2025 10-K risk factors
    50 risks2 new2 reworded

    Regulatory and compliance burdens expand with oversight from SEC, CFTC, NFA, and NYSE Arca.

    Filed Feb 27, 2026
  • FY2024 10-K risk factors
    48 risks

    The risk section is dominated by market volatility in Brent crude oil futures, tracking error, and tax complexities.

    Filed Feb 28, 2025