Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Name

As of 07/28/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Bishop Street High Grade Income Fund

BSHGX | Fund

$8.43

$21.6 M

-

$0.22

0.76%

Vitals

YTD Return

-18.9%

1 yr return

-1.1%

3 Yr Avg Return

5.0%

5 Yr Avg Return

2.4%

Net Assets

$21.6 M

Holdings in Top 10

21.0%

52 WEEK LOW AND HIGH

$8.4
$8.37
$10.50

Expenses

OPERATING FEES

Expense Ratio 0.76%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 07/28/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Bishop Street High Grade Income Fund

BSHGX | Fund

$8.43

$21.6 M

-

$0.22

0.76%

BSHGX - Profile

Distributions

  • YTD Total Return -18.9%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.89%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Bishop Street High Grade Income Fund
  • Fund Family Name
    Bishop Street
  • Inception Date
    Jan 30, 1997
  • Shares Outstanding
    2575234
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jennifer Carias

Fund Description

In seeking superior long-term performance, the Fund primarily invests at least 80% of its net assets (plus any borrowings for investment purposes) in high grade U.S. dollar-denominated debt obligations of domestic corporations and the U.S. government, its agencies or instrumentalities. High grade debt obligations are those rated in the three highest ratings categories by S&P or other nationally recognized statistical rating organizations, and include mortgage-backed, variable and floating rate instruments. The Fund may also invest up to 20% of its net assets in investment grade securities (securities rated BBB by S&P, BAA by Moody’s, or unrated equivalent). The portfolio management team anticipates that the Fund will maintain an average weighted maturity of 6 to 8 years. In determining whether to buy, sell or hold a security, the portfolio management team analyzes the security relative to the risk characteristics of the portfolio as a whole. The portfolio management team considers several factors when selecting securities for the Fund’s portfolio, including the current state of a bond’s issuer and the possibility that an improvement or deterioration in its financial health may result in, respectively, an upgrade or downgrade of the issuer’s credit rating. The portfolio management team may continue to hold a bond that has been downgraded if it believes it is in the best interest of the Fund’s shareholders. The portfolio management team may choose to sell a bond based on its analysis of the economy, the forecast on interest rates, sector and security valuations, and credit rating concerns.  
Read More

BSHGX - Performance

Return Ranking - Trailing

Period BSHGX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.9% -83.6% 1373.3% 98.70%
1 Yr -1.1% -9.5% 19.0% 95.67%
3 Yr 5.0%* 0.1% 10.8% 84.34%
5 Yr 2.4%* 0.9% 7.7% 93.25%
10 Yr 3.1%* 1.0% 8.2% 79.34%

* Annualized

Return Ranking - Calendar

Period BSHGX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -82.5% 1027.9% 28.16%
2022 6.5% -20.8% 23.0% 21.04%
2021 -3.6% -11.4% 2.7% 62.58%
2020 -0.1% -49.5% 12.4% 93.20%
2019 -1.5% -49.3% 192.8% 94.93%

Total Return Ranking - Trailing

Period BSHGX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.9% -83.6% 96.1% 98.70%
1 Yr -1.1% -12.2% 19.0% 81.94%
3 Yr 5.0%* -0.9% 10.8% 75.39%
5 Yr 2.4%* 0.7% 7.7% 89.04%
10 Yr 3.1%* 1.0% 8.2% 77.00%

* Annualized

Total Return Ranking - Calendar

Period BSHGX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -82.5% 1027.9% 28.16%
2022 6.5% -20.8% 23.0% 22.43%
2021 -3.6% -11.4% 3.9% 67.10%
2020 1.2% -6.0% 12.4% 63.25%
2019 -0.7% -7.0% 204.3% 90.37%

NAV & Total Return History

BSHGX - Holdings

Concentration Analysis

BSHGX Category Low Category High BSHGX % Rank
Net Assets 21.6 M 3.23 M 317 B 97.42%
Number of Holdings 95 1 18622 91.94%
Net Assets in Top 10 6.57 M -1.1 B 45.3 B 94.29%
Weighting of Top 10 20.96% 3.6% 100.0% 63.65%

Top 10 Holdings

  1. United States Treasury Bonds 4.38% 3.75%
  2. United States Treasury Bonds 2.25% 2.47%
  3. Government National Mortgage Association 2% 2.41%
  4. United States Treasury Bonds 6% 2.38%
  5. United States Treasury Bonds 3.12% 1.82%
  6. Federal Home Loan Banks 2.5% 1.79%
  7. Federal Home Loan Mortgage Corporation 2% 1.79%
  8. Apple Inc. 4.65% 1.78%
  9. Federal Home Loan Banks 3% 1.76%
  10. Federal Home Loan Banks 3.12% 1.75%

Asset Allocation

Weighting Return Low Return High BSHGX % Rank
Bonds 		98.82% -52.65% 176.88% 20.20%
Convertible Bonds 		0.94% 0.00% 38.29% 62.77%
Cash 		0.25% -86.81% 165.64% 77.99%
Stocks 		0.00% -0.16% 24.74% 33.88%
Preferred Stocks 		0.00% 0.00% 84.24% 42.66%
Other 		0.00% -15.72% 17.93% 18.39%

Bond Sector Breakdown

Weighting Return Low Return High BSHGX % Rank
Corporate 		57.74% 0.00% 100.00% 6.34%
Government 		33.52% 0.00% 79.94% 30.62%
Securitized 		5.08% 0.00% 98.71% 92.57%
Municipal 		3.40% 0.00% 100.00% 10.60%
Cash & Equivalents 		0.25% 0.00% 100.00% 94.75%
Derivative 		0.00% 0.00% 25.69% 39.67%

Bond Geographic Breakdown

Weighting Return Low Return High BSHGX % Rank
US 		96.85% -53.06% 245.19% 9.78%
Non US 		1.97% -108.35% 39.51% 88.04%

BSHGX - Expenses

Operational Fees

BSHGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.01% 2.91% 33.58%
Management Fee 0.55% 0.00% 0.95% 92.82%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% 91.24%

Sales Fees

BSHGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

BSHGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BSHGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 6.00% 496.00% 0.77%

BSHGX - Distributions

Dividend Yield Analysis

BSHGX Category Low Category High BSHGX % Rank
Dividend Yield 0.00% 0.00% 3.39% 13.58%

Dividend Distribution Analysis

BSHGX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

BSHGX Category Low Category High BSHGX % Rank
Net Income Ratio 1.89% -0.39% 11.28% 61.88%

Capital Gain Distribution Analysis

BSHGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

BSHGX - Fund Manager Analysis

Managers

Jennifer Carias

Start Date

Tenure

Tenure Rank

May 01, 2006

15.18

15.2%

Jennifer Carias, Bishop Street Capital Management, President, Senior Vice President and Fixed Income Portfolio Manager. Ms. Carias joined Bishop Street Capital Management in 1999 and has served in various capacities with the Adviser and/or the Adviser’s affiliates for over twenty-five years. She holds a B.A. in Accounting from Chaminade University. She is a director of CFA Hawaii and currently serves as Program Development Chair.

Joshua Lam

Start Date

Tenure

Tenure Rank

Dec 01, 2017

3.58

3.6%

Joshua Lam, Bishop Street Capital Management, Vice President and Fixed Income P, Senior Portfolio Manager and Director of Fixed Income, serves as co-portfolio Mmanager. Mr. Lam joined Bishop Street Capital Management in 2011 and has over 18 years of experience managing fixed income and derivative portfolios for both institutions and high-net worth individuals, having previously helped to manage the convertible bond fund at San-Francisco based hedge fund Symphony Asset Management. Prior to that, he was an Assistant Portfolio Manager at Polaris Advisors, a convertible bond hedge fund located outside of Philadelphia. Mr. Lam holds a B.A. from the University of Pennsylvania.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 32.59 6.7 0.33

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.