FINANCIAL HIGHLIGHTS
 12 Months Ended
Dec. 31, 2016
Supplemental Financial Information Disclosure [Abstract]  
FINANCIAL HIGHLIGHTS
NOTE 6 – FINANCIAL HIGHLIGHTS
 
The following table presents per share performance data and other supplemental financial data for the years ended December 31, 2016, 2015 and 2014. This information has been derived from information presented in the financial statements.
 
 
 
Year ended
 
 
Year ended
 
 
Year ended
 
 
 
December 31, 2016
 
 
December 31, 2015
 
 
December 31, 2014
 
Per Share Operating Performance:
 
 
 
 
 
 
 
 
 
 
 
 
Net asset value, beginning of year
 
$
12.22
 
 
$
22.39
 
 
$
43.81
 
Total income (loss)
 
 
3.60
 
 
 
(10.00)
 
 
 
(21.06)
 
Net expenses
 
 
(0.12)
 
 
 
(0.17)
 
 
 
(0.36)
 
Net increase (decrease) in Net Asset Value
 
 
3.48
 
 
 
(10.17)
 
 
 
(21.42)
 
Net asset value, end of year
 
$
15.70
 
 
$
12.22
 
 
$
22.39
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Return
 
 
28.48
%
 
 
(45.42)
%
 
 
(48.89)
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratios to Average Net Assets
 
 
 
 
 
 
 
 
 
 
 
 
Total income (loss)
 
 
34.23
%
 
 
(46.52)
%
 
 
(68.25)
%
Management fees
 
 
0.75
%
 
 
0.75
%
 
 
0.75
%
Total expenses excluding management fees
 
 
0.32
%
 
 
0.30
%
 
 
0.56
%
Expenses waived
 
 
(0.17)
%
 
 
(0.15)
%
 
 
(0.39)
%
Net expenses excluding management fees
 
 
0.15
%
 
 
0.15
%
 
 
0.17
%
Net income (loss)
 
 
33.33
%
 
 
(47.42)
%
 
 
(69.17)
%
 
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.