Pooled Funds
INVESTMENTS
Diversified Investment Solutions
BCI offers a variety of investment options for our clients, classified by asset class or strategy. Clients invest in pooled funds aligned with their investment objectives. All assets are held in trust, with clients holding units of the pooled funds. This structure offers diversification, scale, and cost efficiency compared to direct investing individually.
Pooled Fund Structure and Operations
Pool Access and Unit Pricing
BCI’s public market pooled funds open daily. BCI’s private market pooled funds typically open annually. Unit price is determined by dividing the market value by the number of outstanding units.
Expenses
Expenses are recovered through a reduction in unit value, ensuring costs are shared proportionally. For example, a client owning 5% of a pooled portfolio pays 5% of that portfolio’s costs.
Governance and Other Investment Options
BCI’s Board of Directors approve Pooled Fund investment policies. While pooled portfolios are BCI’s primary investment vehicle, segregated asset management is available when necessary for individual client needs.
Pooled Fund Statements
Financial Oversight & Partners
Custodian
BCI’s custodian, Northern Trust, is responsible for safeguarding our publicly traded investment assets, providing an additional layer of security and oversight.
Auditors
Ernst & Young (EY) conducts the Service Organization Controls (SOC) 1 audit.
KPMG audits the financial statements of the corporation and the pooled investment portfolios.