As of June 30, 2016, there are 66 councils with 85 accounts that now use BSA Asset Management, LLC (BSAAM) as an investment manager. For periods ended June 30, 2016, the BSA Commingled Endowment Fund, LP earned 1.20% for the quarter, 0.92% for 1 year, 6.49% (annualized) for 3 years, and 6.58% (annualized) for 5 years, net of fees. How does that compare to your council’s investment returns?
While past performance is no indicator of future returns, the fund also has a very low cost basis which allows these councils to save significant dollars in management and trust fees. Did you know a 1% reduction in total fees could save a council $7,000 on a $100,000 portfolio over five years?*
If your council is interested in learning more about BSAAM, or if you would like to compare your endowment returns with BSAAM’s, please contact the BSAAM team at 972-580-2065, or via email at firstname.lastname@example.org for a full set of offering documents and the endowment return comparison tool. There is no obligation.
If it is helpful to have feedback from other councils, check out the video below from the BSAAM YouTube channel. Head to the BSAAM YouTube channel playlist to watch other testimonial videos featuring professionals and National Board members interviewed at the 2014 National Annual Meeting.
Please Note: Only BSA, BSA local councils and their controlled affiliates are eligible to invest in the BSA Commingled Endowment Fund, LP. This article does not constitute an offer to sell nor a solicitation to purchase units of the BSA Commingled Endowment Fund, LP, which shall only be done by means of the offering documents. Past performance is not a guarantee of future results.
*Assumes annualized rate of return of 8% over five years, paying 1.6% in total annual fees compared to BSA Commingled Endowment Fund, LP’s total annual fees of approximately 0.6%. This is an example for demonstration purposes and “fees” includes investment management, recordkeeping, custody, legal, accounting, administration and fund level fees.