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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.
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Investment Objectives and Policies
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The investment objective of this fund is to seek total return, consisting of current income and capital appreciation.
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Who Should Invest
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The Bishop Street Dividend Value Fund might be a good choice for you if you're seeking to:
- Invest for total return consisting of current income and capital appreciation
- Reduce risk in your existing portfolio by adding diversification
- Participate in the growth potential of the stock market
- Hedge against inflation
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Investment Strategy
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The Dividend Value Fund primarily invests (at least 80% of its net assets) in income-producing (dividend paying) equity securities of U.S. issuers. The Fund invests principally in securities of companies that Columbia Management Advisors, LLC (the "Sub-Adviser") believes are undervalued, but may also invest in securities of companies that the Sub-Adviser believes have the potential for long-term growth. The Fund may invest in companies that have market capitalizations of any size.
The Sub-Adviser combines fundamental and quantitative analysis with risk management in identifying investment opportunities and constructing the Fund's portfolio. The Sub-Adviser considers, among other factors:
- Various measures of valuation, including price-to-cash flow, price-to-earnings, price-to-sales and price-to-book value;
- Potential indicators of stock price appreciation, such as anticipated earnings growth, company restructuring, changes in management, business model changes, new product opportunities, or anticipated improvements in macroeconomic factors;
- The financial condition and management of a company, and
- Overall economic and market conditions
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.
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Portfolio Characteristics
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High Quality: Invests in large well-established companies.
Diversification: Average portfolio holding of 70 to 100 individual securities.
Disciplined Investment Strategy: Investment process developed to limit risk.
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Inception
Date
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Maximum Sales Charges
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Ticker Symbols
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Composition | as of Dec 31, 2009 | |
 | Equities | 96.6% |  | Mutual Fund | 2.4% |  | Cash Equivalents | 1.0% |
Sector Diversification | as of Dec 31, 2009 | |
| Chemicals and Allied Products | 12.1% | | Business Services | 8.2% | | Industrial Machinery and Equipment | 7.6% |  | Electronic and Other Electric Equipment | 7.4% |  | Oil and Gas Extraction | 6.5% |  | Depository Institutions | 6.0% |  | Communications | 5.5% |  | Insurance Carriers | 5.0% |  | Petroleum and Coal Products | 3.9% |  | Transportation Equipment | 3.6% |  | Other | 34.2% |
Top Holdings | as of Dec 31, 2009 | | | Percentage of Portfolio Assets (Based on Market Value) |
| MICROSOFT CORP | 2.5% | | APPLE INC | 2.5% | | JOHNSON & JOHNS | 2.1% | | GOOGLE INC | 2.0% | | JP MORGAN CHASE & CO. | 2.0% | | CHEVRON CORP | 1.8% | | CISCO SYSTEMS INC | 1.8% | | HEWLETT-PACKARD | 1.7% | | AT&T INC | 1.6% | | WAL-MART STORES | 1.5% |
Holdings are subject to change.
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PERFORMANCE
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All figures are as of Feb 28, 2010 (Institutional Shares)
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Net
Asset Value
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Total
Net Assets
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Total
Return
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Description
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3 Month
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Year To Date
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1 year
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Annualized
3 years
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Annualized
5 years
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Annualized
Since Inception
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| Class I | 1.36% | -0.77% | 55.91% | -7.19% | N/A | -4.22% |
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 Dividend Value Fund Class I Shares gross expense ratio is 1.32% and net expense ratio is 1.05%. All fee waivers are voluntary and may discontinue at any time.
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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.
Investment Sub-Adviser
Columbia Management Advisors, LLC (CMA) serves as the Fund's sub-adviser and manages the Fund's assets on a day-to-day basis. CMA, located at 100 Federal Street, Boston, MA 02110, is an investment adviser registered with the SEC under the Advisers Act and is an indirect, wholly owned subsidiary of Bank of America. CMA's management experience covers all major asset classes, including equity securities, fixed income securities and money market instruments. In addition to serving as investment adviser to mutual funds, CMA acts as investment manager for individuals, corporations, retirement plans, private investment companies and financial intermediaries. As of December 31, 2009, CMA had assets under management of approximately $292.9 billion.
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.
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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 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.
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