|
Fund Overview | Performance | Fund Management
Download Quarterly Fact Sheet*
*You will need Adobe Acrobat to
view and print the fact sheet.
|
Investment Objectives and Policies
|
|
|
|
The investment objective of this fund is to seek long term capital appreciation.
|
|
Who
Should Invest
|
|
|
The Bishop Street Strategic Growth Fund might be a good choice for you if you’re
seeking to:
- Invest for a long-term goal such as retirement.
- Diversify the equity portion of your portfolio.
- Participate in the growth potential of the stock market, and are willing to accept
the risk of high share price volatility.
- Hedge against inflation.
|
|
Investment
Strategy
|
|
|
|
The Strategic Growth Fund invests primarily in U.S. common stocks that the Sub-Adviser
believes have potential for capital appreciation. The Fund's portfolio is comprised
of approximately fifty equally-weighted stocks. The Fund expects to remain as fully
invested in the above securities as practicable.
The Sub-Adviser's model focuses on "growth" stocks. These are stocks that our Sub-Adviser
believes have above-average potential for long-term capital appreciation based on
factors, such as, improving earnings, growth in book value, and valuation. The Fund's
portfolio manager reviews portfolio weights on a daily basis to maintain approximately
equal weightings of the stocks in the Fund's portfolio. The Sub-Adviser expects
the Fund to experience a low level of portfolio turnover.
Industry Diversification
This refers to investing assets over various industry sectors such as financial
services, pharmaceuticals, and technology companies. Diversification is important
at this level because industry sectors do not perform identically to each other
and it enables us to benefit from the growth opportunities of each sector. Over
time, portfolio risk is reduced because sectors that perform poorly during a particular
time period may be offset by sectors that are performing well.
Company Diversification
This refers to the diversification among stocks within each industry sector.
This type of diversification is equally important, since companies within the same
industry do not perform identically to each other. As with industry diversification,
company diversification provides the opportunity to benefit from stocks that are
performing well within the industry sector and offset stocks that are not performing
as well.
|
|
Portfolio Characteristics
|
|
|
|
High Quality: Invests in large, liquid companies with proven earnings
Diversification: Average portfolio holding of approximately 50 equally-weighted
stocks
Large, Well Established Companies: Companies average market capitalization
of $20.01 billion
Disciplined Investment Strategy: Investment process developed to limit
risk
|
|
Inception Date
|
|
|
|
Maximum Sales Charges
|
|
|
|
Institutional Shares - No Load
|
|
Ticker Symbols
|
|
|
Composition | as of Sep 30, 2011 | |
 | Equities | 99.0% |  | Cash Equivalents | 1.0% |
Sector Diversification | as of Sep 30, 2011 | |
| Industrial Machinery and Equipment | 21.1% | | Business Services | 12.8% |  | Insurance Carriers | 6.3% |  | General Merchandise Stores | 4.2% |  | Electronic and Other Electric Equipment | 4.1% |  | Furniture and Homefurnishings Stores | 4.1% |  | Miscellaneous Retail | 4.1% |  | Transportation Equipment | 4.1% |  | Instruments and Related Products | 4.0% |  | Chemicals and Allied Products | 3.5% |  | Other | 31.7% |
Top Holdings | as of Sep 30, 2011 | | | Percentage of Portfolio Assets (Based on Market Value) |
| ALLIANCE DATA SYSTEMS | 2.3% | | INTUIT INC | 2.3% | | PETSMART | 2.2% | | AMERICAN EXPRESS | 2.2% | | AUTOZONE INC | 2.2% | | HONEYWELL INTERNATIONAL I | 2.1% | | TJX COMPANIES INC | 2.1% | | INTL BUSINESS MACHINES CO | 2.1% | | AFLAC | 2.1% | | BED BATH & BEYOND | 2.1% |
Holdings are subject to change.
|
PERFORMANCE
|
|
All figures are as of
Jan 31, 2012
(Institutional Shares)
|
|
Net Asset Value
|
|
|
|
Total Net Assets
|
|
|
|
Total Return
|
|
|
|
Description
|
3 Month
|
Year To Date
|
1 year
|
Annualized
3 years
|
Annualized
5 years
|
Annualized
Since Inception
|
| Class I | 4.11% | 7.60% | 1.39% | 18.22% | 0.47% | 5.58% |
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.
Currently the Strategic
Growth Fund Class I Shares gross expense ratio is 1.37% and net expense ratio is
1.25%. All fee waivers are contractual through April 30, 2012.
|
About Bishop Street Funds Investment Management
|
|
|
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 March 31, 2011, Bishop Street Capital Management manages $2.5 billion in assets for institutional and individual investors. BancWest Corporation, the parent company of Bishop Street Capital Management, First Hawaiian Bank and Bank of the West, is a bank holding company.
Investment Sub-Adviser
BNP Paribas Asset Management, Inc. (BNP PAM or Sub-Adviser) serves as the Fund's
sub-adviser and manages the Fund's assets on a day-to-day basis. The Sub-Adviser
selects, buys and sells securities for the Fund under the general supervision of
the Adviser and the Board of Trustees. The Sub-Adviser and the Adviser are indirect
subsidiaries of BNP PAM. The Sub-Adviser is a U.S. registered investment adviser
and direct, wholly-owned subsidiary of Paribas North America, Inc. As of December
31, 2010, the sub-Adviser had approximately $5.5 billion in assets under management
for U.S. equity products and approximately $561 billion in assets under management
worldwide.
Portfolio Manager and Investment Committee
Hubert Goyé serves as the Fund's portfolio manager. He has more than 15 years of
investment experience. Before joining Paribas Asset Management (PAM) in 1990, Mr.
Goyé spent two years researching implementing arbitrage operations for Banque Internationale
de Placement. He then specialized in quantitative techniques and was involved in
the development of an enhanced version of the U.S. Equity model. He become responsible
for PAM's (now BNP PAM's) Index Management activity in 1995 and for active quantitative
activities in 1996. He has since then continued to be the Head of the U.S. Equity
team within BNP PAM. Mr. Goyé holds an advanced degree in Engineering from Ecole
Nationale des Ponts et Chaussées in France. The Investment Committee is comprised
of a group of the Sub-Adviser's investment professionals. BNP PAM's U.S. Core Growth
product is managed based on a team approach, with the final decision remaining with
the portfolio manager.
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.
|
|
Disclosure
|
|
|
|
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 Paribas North America, Inc., or any of their subsidiaries.
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.
|
|
