(formerly Large Cap Core Equity Fund)

spacer Fund Overview | Performance | Fund Management

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FUND OVERVIEW

 

Investment Objectives and Policies

The investment objective of this fund is to seek total return, consisting of current income and capital appreciation.

Who Should Invest

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
Investment Strategy
The Dividend Value Fund primarily invests (at least 80% of its net assets) in income-producing (dividend paying) equity securities. 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.


Portfolio Characteristics

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.

Inception Date

Class I - 5/1/2006

Maximum Sales Charges

Class I Shares – No Load

Ticker Symbols

Class I Shares – BSLIX

Composition

as of Mar 31, 2014

Equities96.3%
Cash Equivalents2.6%
Mutual Fund1.1%

Sector Diversification

as of Mar 31, 2014

Chemicals and Allied Products16.7%
Depository Institutions9.0%
Petroleum and Coal Products7.7%
Industrial Machinery and Equipment5.9%
Electric, Gas, and Sanitary Services5.0%
Communications4.8%
Electronic and Other Electric Equipment4.5%
Transportation Equipment4.0%
Building Materials & Garden Supplies3.6%
Business Services3.6%
Other35.2%

Top Holdings

as of Mar 31, 2014

Percentage of Portfolio Assets (Based on Market Value)
VERIZON COMMUNICATIONS3.0%
PFIZER3.0%
MERCK & CO INC/NJ2.9%
JOHNSON & JOHNS2.8%
MICROSOFT CORP2.5%
JP MORGAN CHASE & CO.2.5%
HOME DEPOT INC2.3%
WELLS FARGO CO2.3%
AMGEN INC2.2%
ABBVIE INC2.2%

Holdings are subject to change.

RETURN TO TOP


PERFORMANCE

All figures are as of Jun 30, 2014 (Institutional Shares)


Net Asset Value

Class I $12.98

Total Net Assets

Class I $54,424,525

Total Return

 
Description 3 Month Year To Date 1 year Annualized
3 years
Annualized
5 years
Annualized
Since Inception
Class I3.94%5.81%18.29%15.10%17.38%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. Prior to February 1, 2010, the Fund's principal investment strategy was to invest at least 80% of its net assets in large-cap equity securities; therefore, the past performance shown may have differed had the Fund's current investment strategy been in effect. For standard performance, click here

Currently the Dividend Value Fund Class I Shares gross expense ratio is 1.38% and net expense ratio is 1.05%. All fee waivers are contractual through April 30, 2015.

Investing involves risk, including possible loss of principal. The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund's gains or losses.

RETURN TO TOP


FUND MANAGEMENT


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, 2014, Bishop Street Capital Management manages $341.7 million 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
Columbia Management Investment Advisers, LLC (CMIA) (formerly, RiverSource Investments, LLC) serves as the Fund’s sub-adviser and manages the Fund’s assets on a day-to-day basis. CMIA, 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 Ameriprise Financial, Inc., located at 1099 Ameriprise Financial Center, Minneapolis, Minnesota 55474. CMIA’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, CMIA acts as investment manager for individuals, corporations, retirement plans, private investment companies and financial intermediaries. As of March 31, 2014, CMIA had assets under management of approximately $363.1 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.


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.

Diversification may not protect against market risk.

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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