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Investment Objectives and Policies
The investment objective of the Bishop Street Short-Duration Bond Fund (the "Fund") is to provide high total return, consistent with preservation of capital and maintenance of liquidity.
Who Should Invest
The Bishop Street Short-Duration Fund offers investors a professionally managed portfolio which invests in, short to intermediate term, high quality government and agency securities. Although generally regarded as relatively stable, bonds may fluctuate in value.
|Class I - 5/31/2016|
Institutional Shares - BSSDX
as of Sep 30, 2017
as of Sep 30, 2017
|▪||U.S. Treasury Instruments||25.2%|
as of Sep 30, 2017
|Percentage of Portfolio Assets (Based on Market Value)|
|FREDDIE MAC 1.25% 8/1/19||8.6%|
|FHLMC 0 3/4 04/09/18||7.6%|
|T 1 4/8 05/15/20||5.9%|
|FHLB 1 3/8 11/15/19||5.0%|
|T 1 1/4 12/31/18||4.4%|
|FHLB 1 3/8 03/18/19||4.0%|
|T 1 3/8 12/15/19||3.9%|
|T 0 3/4 08/31/18||2.0%|
|FN AL7387 4.000000% 07/01||1.8%|
Holdings are subject to change.Return To Top
All figures are as of Oct 31, 2017 (Institutional Shares)
Net Asset Value
|Class I $9.80|
Total Net Assets
|Class I $11,585,311|
|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.
In addition to the normal risks associated with investing, mortgage-backed securities are subject to prepayment and extension risk and therefore react differently to changes in interest rates than other bonds. Small movements in interest rates may quickly and significantly reduce the value of certain mortgage-backed securities.
Short-Duration Bond Fund gross expense is 1.88%.The Adviser has voluntarily agreed to reduce fees and reimburse expenses to the extent necessary to keep net operating expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses) from exceeding 0.55%.The Adviser intends to continue these fee reductions and expense reimbursements until further notice, but may discontinue them at any time.
Redemption fee if shares redeemed within less than 30 days is 1.00% for the Short-Duration Bond Fund. Your return will be lower if a redemption fee is applied to your account.
|Growth of a $10,000 Investment|
|(Since Inception Date: 5/31/2016)|
Account value if you reinvested income and capital gains $9,995
Account value if you took income and capital gains in cash $9,800
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.
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.