*You will need Adobe Acrobat to view and print the fact sheet.
|Download Adobe Acrobat Reader.|
Investment Objectives and Policies
The investment objective of this Fund is to provide high total return consistent with prudent investment risk.
Who Should Invest
Fixed Income investing offers several primary benefits including:
- Generating regular income from investments.
- Ability to weather market fluctuations of equity investments through high credit quality of bonds.
Diversification of portfolio to manage risk
The Bishop Street High Grade Income Fund can help you achieve this since it invests in a portfolio of high quality government and corporate bonds. You might consider this Fund for a portion of your portfolio if you're seeking to:
- Generate regular income from investments.
- Reduce volatility of an all equity portfolio.
- Diversify your portfolio to manage risk by adding high credit quality securities.
Mr. And Mrs. Robinson have worked hard and are looking forward to the retirement they've always dreamed of - spending time with their grandchildren and traveling. They have been investing earnestly and now want to shift the focus of their plan from savings to generating income after retirement. The Bishop Street High Grade Income Fund is a good choice. They can invest in bonds with a moderate return, giving them additional income to add to their Social Security, while helping to offset the rising cost of living.
Investing for quality and diversification
We emphasize a diversified, quality-oriented approach, investing in U.S. Government, Agency and investment grade Corporate bonds. The U.S. Treasury issues bonds when they need to pay for a wide range of government activities. Highly regarded corporations who have a need to raise capital for expansion, cover operating expenses, finance corporate takeovers or other changes in management structure issue Investment Grade Corporate Bonds.
There are different categories within bonds. The graph below illustrates the potential returns and associated risk with the various types of bonds.
We further reduce risk by staggering maturities of bonds, also known as "laddering." In an effort to further enhance return, we may shorten or lengthen bond maturities and adjust allocations between government and corporate securities.
Investment Grade: The Fund's underlying securities hold Standard &
Poor's/Moody's rating of BBB/Bbb** or better, or unrated equivalent.
Moderate Volatility: Average duration* of investments is 5 to 7 years
Intermediate Maturities: Average maturity is 7 to 10 years.
Competitive Yield: With monthly dividends.
Diversified Investments: Government, Agency and Corporate Notes and Bonds.
*Measure of price sensitivity of a fixed income security
**S&P Ratings are measured on a scale that ranges from AAA (highest) to D (lowest). Moody's ratings are on a scale generally ranging from Aaa (highest) to C (lowest)
|Class I - 1/30/1997|
Maximum Sales Charges
Institutional Shares - No Load
Institutional Shares - BSHGX
as of Sep 30, 2019
Average Weighted Maturity
as of Oct 31, 2019
as of Oct 31, 2019
as of Sep 30, 2019
|▪||U.S. Treasury Bonds||11.1%|
|▪||U.S. Treasury Instruments||7.4%|
|▪||Taxable Municipal Interest||7.0%|
as of Sep 30, 2019
|Percentage of Portfolio Assets (Based on Market Value)|
|U.S. TREASURY BOND||3.3%|
|T 3 1/8 05/15/48||3.1%|
|T 6 02/15/26||2.7%|
|AMZN 4.8 12/05/34||2.2%|
|GNR 2012-91 QL 2%||2.0%|
|T 2 1/4 08/15/46||1.9%|
|FHLMC 1 5/8 08/25/21||1.8%|
|FHLMC 1.6 09/30/21||1.7%|
|HD 5 7/8 12/16/36||1.7%|
|FFCB 2 06/01/21||1.6%|
Holdings are subject to change.Return To Top
All figures are as of Oct 31, 2019 (Institutional Shares)
Net Asset Value
|Class I $9.97|
Total Net Assets
|Class I $36,344,274|
|Description||3 Month||Year To Date||1 year||
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For standard performance, click here
Bond and bond funds will decrease in value as interest rates rise.
Currently the High Grade Income Fund Class I Shares gross expense ratio is 1.29% and net expense ratio is 0.76%. All fee waivers are contractual through April 30, 2019.
|Growth of a $10,000 Investment|
|(Since Inception Date: 1/30/1997)|
Account value if you reinvested income and capital gains $29,095
Account value if you took income and capital gains in cash $9,970
About Bishop Street Funds Investment Management
Bishop Street Capital Management, a registered investment adviser and independent subsidiary of BancWest Corporation and First Hawaiian Bank, serves as investment adviser to the Bishop Street Funds.
BancWest Corporation, the parent company of Bishop Street Capital Management, First Hawaiian Bank and Bank of the West, is a bank holding company.
Our goal is to help you build the assets you have worked hard to accumulate. Our investment strategy is designed to emphasize and deliver quality investments to shareholders, manage risk and deliver consistent performance.
To determine if the Funds are an appropriate investment for you, carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the Funds' full or summary prospectus, which may be viewed and downloaded by clicking the link above or by calling 1-800-262-9565. Please read the prospectus carefully before investing.
Diversification may not protect against market risk. Investing involves risk, including possible loss of principal.
Bishop Street Capital Management, an investment subsidiary of First Hawaiian Bank, serves as investment adviser for the Bishop Street Funds. The Bishop Street Funds are distributed by SEI Investments Distribution Co., 1 Freedom Valley Dr., Oaks, PA 19456 which is not affiliated with BancWest Corporation, or Columbia Management Investment Advisers, LLC, or any of their subsidiaries. Check the background of SIDCO on FINRA's BrokerCheck.
NOT FDIC INSURED. NO BANK GUARANTEE. MAY LOSE VALUE.