About BSHIX
Bishop Street Hawaii Municipal Bond Fund Class Institutional 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 obligations of Hawaii state and local government issuers, financing essential public projects such as airports, housing, water systems, harbors, and university facilities. Its single-state mandate concentrates exposure in Hawaii municipal securities, making the portfolio sensitive to the state’s economic and regulatory conditions. The strategy typically maintains an intermediate duration profile aligned within a margin of its benchmark, seeking a balance between income and interest-rate risk. Managed by Bishop Street Capital Management, the fund emphasizes quality, diversification across sectors within Hawaii’s municipal market, and disciplined risk management. Class Institutional shares feature a contractual expense waiver in place through April 30, 2025, supporting a competitive net expense profile for this share class. By delivering tax-advantaged income from a focused municipal universe, Bishop Street Hawaii Municipal Bond Fund Class Institutional plays a specialized role for investors seeking double tax-exempt income tied to Hawaii’s public finance infrastructure.
Fund Family Bishop Street
Category Muni Single State Interm
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol BSHIX
Share Class Class I Shares
Index Index is not available on Lipper Database
BSHIX had a total return of 5.50% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.05%.
