FINANCIAL HIGHLIGHTS

12 Months Ended

Dec. 31, 2018

Supplemental Financial In Formation Disclosure [Abstract]

NOTE 6 — FINANCIAL HIGHLIGHTS

The following table presents per share performance data and other supplemental financial data for the years ended December 31, 2018, 2017 and 2016 for the shareholders. This information has been derived from information presented in the financial statements.

	Year ended December 31, 2018 (In Liquidation)*			Year ended December 31, 2017			Year ended December 31, 2016
Per Share Operating Performance:
Net asset value, beginning of year	$	56.56		$	61.96		$	81.25
Total income (loss)		(9.76	)		(4.90	)		(18.70	)
Total/Net expenses		(0.26	)		(0.50	)		(0.59	)
Net increase (decrease) in net asset value		(10.02	)		(5.40	)		(19.29	)
Net asset value, end of year	$	46.54	**	$	56.56		$	61.96

Total Return		(17.72	)%		(8.72	)%		(23.74	)%

Ratios to Average Net Assets
Total income (loss)		(20.17	)%		(7.49	)%		(29.75	)%
Management fees		0.60	%		0.60	%		0.60	%
Total expenses/Expenses excluding management fees		0.80	%		0.96	%		0.91	%
Expenses waived		(0.65	)%		(0.81	)%		(0.76	)%
Net expenses excluding management fees		0.15	%		0.15	%		0.15	%
Net income (loss)		(20.69	)%		(8.24	)%		(30.50	)%

* DNO ceased trading on the NYSE Arca on September 7, 2018 and the Fund's liquidation date was September 12, 2018.

** Net asset value as of September 6, 2018.

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 DNO.

United States Short Oil Fund, LP 10-K