Fund info

Bishop Street Hawaii Municipal Bond Fund Class A is an open-end municipal bond fund focused on generating high current income that is substantially exempt from federal and Hawaii state income taxes. The fund primarily invests in investment‑grade municipal securities issued by Hawaii state and local entities that finance essential public projects such as infrastructure, education, and healthcare. Positioned in the muni single‑state intermediate category, it typically targets an intermediate duration profile, balancing income generation with interest‑rate sensitivity appropriate for mid‑cycle rate environments. The portfolio may also hold municipal bonds from other U.S. states, territories, and possessions when consistent with its objective, and it operates as a non‑diversified fund, allowing for concentrated exposure to Hawaii credits. Managed by Bishop Street Capital Management, the strategy emphasizes credit quality and tax efficiency, aiming to enhance after‑tax income for investors subject to Hawaii taxes. Key characteristics commonly highlighted include a net expense ratio targeted at cost control through fee waivers and a monthly income distribution cadence that supports steady cash flow for taxable accounts seeking double tax‑exempt income.