If you want to learn more about the equity funds that are available in the Bishop Street Family of Funds, take a few moments and read about each individual Fund. If you have further questions once you read this information, you can call
1-800-262-9565 and talk to one of our financial consultants.

Bishop Street International Equity Fund seeks capital growth consistent with reasonable investment risk.

The Fund may be ideal for: Long-term, risk-tolerant investors seeking growth. An investor's first venture into the international arena. Investors who already have a portion of their portfolio overseas but would benefit from greater international diversification. Investors who need to invest internationally to balance out significant domestic stock holdings. The international portion of an investor's retirement investing portfolio.

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Bishop Street Small Cap Growth Fund seeks long-term capital appreciation.

The Fund may be ideal for: Long-term, risk-tolerant investors seeking growth. First-time small company investors. Investors with holdings in large company stocks or stock funds seeking diversification. Retirement plan participants with long time horizons. Investors who prefer a growth approach to stock investing.

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Bishop Street Small Cap Value Fund seeks capital appreciation by investing in a diversified portfolio of publicly traded equity securities.

The Fund may be ideal for: Long-term, risk-tolerant investors seeking growth. An investor's first venture into small cap stocks. Investors who need to diversify the stock portion of their portfolio. Investors who prefer a value approach to stock investing.

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Bishop Street Equity Growth Fund seeks a high level of total return arising primarily out of capital appreciation.

The Fund may be ideal for: Long-term investors seeking growth. Investors who want a slightly more aggressive pursuit of growth than large cap value investing provides, but who aren't yet ready for small caps. Investors who want to diversify the large cap portion of a stock portfolio. Investors who prefer a growth style investment.

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Bishop Street Tax Managed Equity Fund seeks a high level of total return arising out of capital appreciation, while minimizing the impact of taxes on shareholders' returns.

The Fund may be ideal for: Tax-sensitive investors. Long-term investors seeking growth. Investors who are interested in growth potential without the risks of more aggressive growth investments. Investors who are more comfortable investing in large cap blue-chip stocks.

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Bishop Street Core Equity Fund seeks a total rate of return, before Fund expenses, greater than that of the Standard & Poor's Composite Stock Price Index (the S&P 500).

The Fund may be ideal for: Investors with at least 5-10 years to invest before needing access to their investment. An investor's first exposure to stock investing. Investors who are not committed to a strictly value or strictly growth philosophy. Investors who currently own only growth or value funds and should consider diversifying.

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Bishop Street Equity Index Fund seeks investment results that, before Fund expenses, approximate the aggregate price and dividend performance of the securities included in the S&P 500 by investing in securities comprising the S&P 500.

The Fund may be ideal for: Growth oriented investors with longer investing time horizons. Investors who are more comfortable investing in large cap stocks with credible names. An investor's first exposure to stock investing. Investors who favor a more conservative approach to stock investing. Investors who prefer to support American companies. Use as an investing option in Individual Retirement Accounts.

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Bishop Street Equity Income Fund seeks a competitive total rate of return through investments in equity and equity equivalent securities which, in the aggregate, provide a premium current yield.

The Fund may be ideal for: Long-term, risk-tolerant investors seeking both growth and income. Investors who want to diversify the large cap portion of a stock portfolio. Investors who want to stay in equities but are concerned about a market correction. Investors who prefer a predominantly value approach to stock investing.

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