High Grade Income Fund - Class I

Fund Documents

Fact Sheet

Fund Details

Inception Date Class I - 1/30/1997
Maximum Sales Charges Institutional Shares - No Load
Ticker Symbols Institutional Shares - BSHGX
Average Weighted Maturity
(as of )
9.64 Years
Duration
(as of )
6.54 Years

Composition

(as of )

Sector Diversification

(as of )

Fund Overview

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 can offer 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.

Investment Strategy

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.

Portfolio Characteristics

Investment Grade: The Fund's underlying securities hold Standard & Poor's/Moody's rating of BBB/Bbb** or better, or unrated equivalent.

Diversified Investments: Government, Agency and Corporate Notes and Bonds.

Competitive Yield: With monthly dividends.

**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)

Top Holdings

(as of )

Holdings are subject to change.

Performance

All figures are as of (Institutional Shares)

Net Asset Value Total Net Assets
Class I

Total Return

3 Month Year To Date 1 year Annualized 3 years Annualized 5 years Annualized 10 years Annualized Since Inception
Class I

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

Investment performance does not reflect the 3.00% sales load. If it was reflected, the total return would be lower than shown.

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, 2021.

Total Return

 

Account value if you reinvested income and capital gains

Account value if you took income and capital gains in cash

FUND MANAGEMENT

About Bishop Street Funds Investment Management

Bishop Street Capital Management, a registered investment adviser and independent subsidiary of First Hawaiian Bank, serves as investment adviser to the Bishop Street Funds.

Investment Philosophy

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.

 

The Bishop Street Funds are distributed by SEI Investments Distribution Co.(SIDCo), which is not affiliated with Bishop Street Capital Management and First Hawaiian Bank. Check the background of SIDCO on FINRA’s BrokerCheck.

Shares of Bishop Street Funds are:
NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE.
Bishop Street Funds are available to U.S. investors only and may not be available in all states.

 

Diversification may not protect against market risk.

 

To determine if these Funds are appropriate investments for you, carefully consider each Fund's investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Funds' full or summary prospectus which may be obtained by clicking here or by calling 1-800-262-9565. Please read the prospectus carefully before investing.

Bishop Street Capital Management, a registered investment advisor and wholly-owned subsidiary of First Hawaiian Bank, serves as investment advisor for the Bishop Street Funds.

Investing involves risk, including possible loss of principal. Bond and bond funds will decrease in value as interest rates rise. In addition to the normal risks associated with investing, because the Hawaii Municipal Bond Fund primarily invests in Hawaiian securities, it may be more volatile and susceptible to a single adverse economic or regulatory occurrence affecting those obligations. There is no guarantee the fund will achieve its stated objective. The Fund is not diversified.