---
ticker: "BNO"
name: "United States Brent Oil Fund LP"
url: "https://etf.net/etf/BNO"
grade: "C"
score: 43
graded_at: "2026-10-12"
category: "Energy Futures"
category_rank: "7 of 11"
methodology: "https://etf.net/methodology"
---

# BNO: United States Brent Oil Fund LP

Grade **C**, Score 43 of 100. Rank 7 of 11 in Energy Futures.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 30 | 8 of 11 |
| Mission | Not scored | — |
| Risk | 46 | 5 of 11 |
| Tradability | 61 | 4 of 11 |
| Holdings | Not scored | — |
| Durability | 67 | 3 of 11 |

## Top holdings

The fund holds 13 positions. These are the largest 13, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | BRENT CRUDE FUTR Dec26 | 52.06% |
| 2 | — | Drey Inst Pref Gov Mm Inst 6546 | 13.78% |
| 3 | — | Us Dollars | 7.87% |
| 4 | — | Morgan Stanley Liq Govt Inst 8302 | 6.61% |
| 5 | — | Treasury Bill 0 11/5/2026 | 3.04% |
| 6 | — | Treasury Bill 0 11/12/2026 | 3.04% |
| 7 | — | Treasury Bill 0 11/19/2026 | 2.76% |
| 8 | — | Treasury Bill 0 12/31/2026 | 2.75% |
| 9 | — | Bny Cash Reserve | 2.58% |
| 10 | — | Treasury Bill 0 10/27/2026 | 2.07% |
| 11 | — | Treasury Bill 0 10/22/2026 | 1.38% |
| 12 | — | Treasury Bill 0 12/24/2026 | 1.37% |
| 13 | — | Treasury Bill 0 10/29/2026 | 0.69% |

Source: etf.net, https://etf.net/etf/BNO. Please cite the page URL.