Fund Family Overview
On the Road to Investing Bishop Street Funds can provide the vehicle to help you reach your goals.
Whether you're planning for retirement, a child's college education, investing 401(k) or pension fund proceeds, or simply planning for a major purchase, the Bishop Street Funds offer a fund or combination of funds that can help you pursue your investment goals
Below is an overview of your choices within the Bishop Street Fund family.
| Investment Objective | Primarily Invests in: | Type of Mutual Fund | Appropriate Bishop Street Fund | Minimum Time Horizon to Consider | Associated Investment Risk |
|---|---|---|---|---|---|
| Current Yield | Bonds | Income | Hawaii Municipal Bond - Class I Hawaii Municipal Bond - Class A |
3 years or more | Moderate Potential for Risk |
| Tax-Advantages | Bond | Income | Hawaii Municipal Bond - Class I Hawaii Municipal Bond - Class A |
3 years or more | Moderate Potential for Risk |
Bond Investing - Investing for Income
Bond funds offer investors current income. Fixed income funds invest mainly in government or corporate securities that offer fixed returns, such as corporate bonds, government bonds or mortgage-backed securities. These funds are best suited for investors who have mid-term savings and investment goals, and can assume moderate to conservative risk.
Appropriate Bishop Street Funds:
Why Bond Investing?
Today, people are living longer and fuller lives. However, Social Security appears to be less than adequate to provide most people with sufficient income for necessities, let alone leisure activities. When you retire, your investments need to work even harder for you while providing you with monthly income and striving to preserve the value of your investment.
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 the Literature and Resources tab above or by clicking here. 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.
Mutual fund investing involves risk including loss of principal. Bond and bond funds are subject to interest rate risk and will decline in value as interest rates rise. Mortgage backed securities are subject to pre-payment 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. Bond funds invested primarily in Hawaiian securities may be more volatile and susceptible to a single adverse economic or regulatory occurrence affecting those obligations. There is no guarantee income will be exempt from federal or state income taxes. Capital gains, if any, are subject to capital gains tax. Diversification does not protect against market loss.
The Hawaii Funds are not diversified.