(formerly, Money Market Fund)
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(formerly, Money Market Fund) |
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Fund
Overview |
Performance |
Fund Management
Download Quarterly Fact Sheet* *You will need Adobe Acrobat to view and print the fact sheet.
FUND
OVERVIEW
Investment Objectives and Policies
Who Should
Invest
The Bishop Street Government Money Market Fund might be a good choice for you if you're seeking to:
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Portfolio Characteristics |
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Credit Quality: Securities considered to be of the highest quality. Diversification: Among short-term investment vehicles. Liquidity: Access to your money. Competitive Income: With monthly dividends. |
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Inception Date |
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Fund - 1/30/1995 §
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Class A Shares - 5/1/2001
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Maximum Sales Charges |
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| Class A Shares - No Load |
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Ticker Symbols |
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| Class A Shares - BSAXX |
Composition | as of Dec 31, 2008 | ||
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 | Fixed Income | 79.9% |
 | Cash Equivalents | 20.1% |
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Sector Diversification | as of Dec 31, 2008 | ||
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| U.S. Agency Bonds | 23.0% |
| FHLMC | 22.7% |
 | Repurchase Agreements | 20.1% |
 | FNMA | 18.2% |
 | U.S. Treasury Bill | 8.2% |
 | Unknown | 7.7% |
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Top Holdings | as of Dec 31, 2008 |
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| Percentage of Portfolio Assets (Based on Market Value) | |
| BARCLAYS BANK REPO | 11.3% |
| FNMA DISC NOTE | 5.8% |
| FHLMC DISCOUNT 2.77 | 5.8% |
| BARCLAYS BANK REPO | 5.0% |
| FHLB DISCOUNT NOTE | 5.0% |
| BANK OF AMERICA REPO | 3.8% |
| FHLB DISC (2.22) | 3.8% |
| FANNIE DISCOUNT 2/23/09 | 3.5% |
| FHLB DISC NOTE 01/15/09 | 3.1% |
| FHLMC DISC NOTE 5/20/09 | 3.1% |
Holdings are subject to change.
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Average Weighted Maturity |
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Class A - 58
Days
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PERFORMANCE |
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All figures are as of Dec 31, 2008 (Class A Shares) |
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Net Asset Value |
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| Class A $1.00 |
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Total Net Assets |
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| Class A $60,434,123 |
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Yields |
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| Class A | |
| 7 Day Net | 0.13% |
| 7 Day Effective | 0.13% |
| One Month | 0.23% |
| Three Month | 0.81% |
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Total Return |
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| Description | 3 Month | Year To Date | 1 year |
Annualized 3 years |
Annualized 5 years |
Annualized 10 years § |
Annualized Since Inception § |
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| Class A | 0.21% | 1.93% | 1.93% | 3.63% | 2.81% | 3.67% | ||
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If the fund is less than 1 year old, cumulative return since inception is shown; if the fund is less than 10 years old, annualized return since inception is shown. 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 performance data current to the most recent month end, please click here or call 1-800-262-9565. Yield quotation more closely reflects the current earnings of the Government Money Market Fund than the total return quotation. § The performance presented for class A links the performance of an older class of shares from inception on 1/30/95 to 5/01/01 with the performance of this class of shares after its inception on 5/01/01. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although Government Money Market Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Government Money Market Fund. Currently the Government Money Market Fund Class A Shares gross expense ratio is 1.11% and net expense ratio is 0.75%. All fee waivers are voluntary and may discontinue at any time. | ||||||||
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Growth of a $10,000 Investment |
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| (Since Inception Date: 1/30/1995 §) |
| Account value if you reinvested income and capital gains $16,519 |
| Account value if you took income and capital gains in cash $10,000 |
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FUND MANAGEMENT |
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About Bishop Street Funds Investment Management |
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Investment Adviser
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.
As of December 31, 2007, Bishop Street Capital Management manages $2.6 billion in assets for institutional investors and their consultants in Hawaii, the Pacific Rim and the Mainland U.S. BancWest Corporation, the parent company of Bishop Street Capital Management, First Hawaiian Bank and Bank of the West, is a bank holding company with total assets of $74 billion as of December 31, 2007.
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Disclosure |
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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' 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. 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., which is not affiliated with BancWest Corporation, or Fischer Francis Trees & Watts, Inc. Securities offered through BancWest Investment Services, a registered broker dealer, member FINRA/SIPC. Investment professionals are registered representatives of BancWest Investment Services. NOT FDIC INSURED. NO BANK GUARANTEE. MAY LOSE VALUE. |
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Even though college is still a few years away for their oldest child, the Nakamura family has begun investing for their children's education. Although they have a diversified portfolio of equity funds, they know that soon they will be needing some money for tuition and books. Bishop Street's Government Money Market Fund gives the Nakamura's a way to earn a more competitive level of income on that money, while providing more stability to their investments.