High Grade Income Fund | (unaudited) |
Schedule of Investments
as of March 31, 2021
Face |
Value
(000) | |||||
CORPORATE OBLIGATIONS 57.4% | ||||||
Communication Services 4.7% | ||||||
Comcast | ||||||
$ 300 | 3.150%, 03/01/26 | $ | 325 | |||
TWDC Enterprises 18 MTN | ||||||
330 | 4.125%, 06/01/44 | 374 | ||||
225 | 1.850%, 07/30/26 | 230 | ||||
Verizon Communications | ||||||
325 | 4.329%, 09/21/28 | 372 | ||||
ViacomCBS | ||||||
175 | 3.500%, 01/15/25 | 188 | ||||
|
|
| ||||
1,489 | ||||||
|
|
| ||||
Consumer Discretionary 7.6% |
||||||
Amazon.com | ||||||
350 | 4.800%, 12/05/34 | 439 | ||||
Booking Holdings | ||||||
275 | 3.600%, 06/01/26 | 301 | ||||
George Washington University | ||||||
225 | 4.363%, 09/15/43 | 264 | ||||
Home Depot | ||||||
325 | 5.875%, 12/16/36 | 450 | ||||
Lowes | ||||||
300 | 3.650%, 04/05/29 | 328 | ||||
McDonalds MTN | ||||||
325 | 4.600%, 05/26/45 | 379 | ||||
Starbucks | ||||||
225 | 2.450%, 06/15/26 | 235 | ||||
|
|
| ||||
2,396 | ||||||
|
|
| ||||
Consumer Staples 3.6% |
||||||
Altria Group | ||||||
52 | 4.800%, 02/14/29 | 60 | ||||
Clorox | ||||||
310 | 1.800%, 05/15/30 | 295 | ||||
General Mills | ||||||
330 | 4.000%, 04/17/25 | 364 | ||||
Hershey | ||||||
125 | 2.625%, 05/01/23 | 130 | ||||
Walgreens Boots Alliance | ||||||
275 | 3.300%, 11/18/21 | 278 | ||||
|
|
| ||||
1,127 | ||||||
|
|
| ||||
Energy 3.8% |
||||||
BP Capital Markets PLC | ||||||
300 | 3.814%, 02/10/24 | 327 | ||||
Kinder Morgan Energy Partners LP | ||||||
150 | 4.300%, 05/01/24 | 165 | ||||
Schlumberger Investment SA | ||||||
400 | 3.650%, 12/01/23 | 429 | ||||
Shell International Finance BV | ||||||
260 | 3.875%, 11/13/28 | 290 | ||||
|
|
| ||||
1,211 | ||||||
|
|
| ||||
Financials 13.7% |
||||||
Aflac | ||||||
350 | 3.625%, 11/15/24 | 385 | ||||
Bank of America MTN | ||||||
450 | 4.000%, 04/01/24 | 492 |
March 31, 2021 | www.bishopstreetfunds.com |
High Grade Income Fund | (unaudited) |
Schedule of Investments
as of March 31, 2021
Face |
Value
(000) | |||||
Financials (continued) |
||||||
$ 235 | 3.194%, VAR ICE LIBOR USD 3 Month+1.180%, 07/23/30 | $ | 246 | |||
Bank of Montreal MTN | ||||||
275 | 3.300%, 02/05/24 | 295 | ||||
Capital One Financial | ||||||
275 | 3.750%, 03/09/27 | 302 | ||||
Citigroup | ||||||
100 | 3.875%, 10/25/23 | 108 | ||||
Discover Bank | ||||||
200 | 4.200%, 08/08/23 | 216 | ||||
JPMorgan Chase | ||||||
375 | 3.540%, VAR ICE LIBOR USD 3 Month+1.380%, 05/01/28 | 408 | ||||
275 | 2.700%, 05/18/23 | 287 | ||||
MetLife | ||||||
250 | 3.048%, 12/15/22 | 261 | ||||
Morgan Stanley MTN | ||||||
400 | 3.875%, 01/27/26 | 445 | ||||
PNC Financial Services Group | ||||||
250 | 3.500%, 01/23/24 | 269 | ||||
US Bancorp MTN | ||||||
300 | 3.000%, 03/15/22 | 307 | ||||
Wells Fargo MTN | ||||||
250 | 4.150%, 01/24/29 | 282 | ||||
|
|
| ||||
4,303 | ||||||
|
|
| ||||
Health Care 2.5% |
||||||
AbbVie | ||||||
350 | 2.900%, 11/06/22 | 363 | ||||
Celgene | ||||||
118 | 3.875%, 08/15/25 | 129 | ||||
CVS Health | ||||||
290 | 2.875%, 06/01/26 | 308 | ||||
|
|
| ||||
800 | ||||||
|
|
| ||||
Industrials 3.8% |
||||||
Burlington Northern Santa Fe LLC | ||||||
345 | 4.450%, 03/15/43 | 407 | ||||
FedEx | ||||||
250 | 2.625%, 08/01/22 | 258 | ||||
Norfolk Southern | ||||||
200 | 2.900%, 06/15/26 | 214 | ||||
Raytheon Technologies | ||||||
300 | 3.125%, 05/04/27 | 322 | ||||
|
|
| ||||
1,201 | ||||||
|
|
| ||||
Information Technology 7.7% |
||||||
Apple | ||||||
450 | 4.650%, 02/23/46 | 558 | ||||
Applied Materials | ||||||
200 | 3.300%, 04/01/27 | 218 | ||||
International Business Machines | ||||||
360 | 3.500%, 05/15/29 | 391 | ||||
KLA | ||||||
200 | 4.650%, 11/01/24 | 224 | ||||
Microsoft | ||||||
250 | 3.625%, 12/15/23 | 270 | ||||
Oracle | ||||||
350 | 2.500%, 04/01/25 | 367 |
March 31, 2021 | www.bishopstreetfunds.com |
High Grade Income Fund | (unaudited) |
Schedule of Investments
as of March 31, 2021
Face |
Value
(000) | |||||
Information Technology (continued) |
||||||
QUALCOMM | ||||||
$ 365 | 3.250%, 05/20/27 | $ | 398 | |||
|
|
| ||||
2,426 | ||||||
|
|
| ||||
Materials 2.8% |
||||||
DuPont de Nemours | ||||||
325 | 5.419%, 11/15/48 | 418 | ||||
Ecolab | ||||||
340 | 1.300%, 01/30/31 | 312 | ||||
Sherwin-Williams | ||||||
140 | 3.125%, 06/01/24 | 149 | ||||
|
|
| ||||
879 | ||||||
|
|
| ||||
Utilities 7.2% |
||||||
Berkshire Hathaway Energy | ||||||
325 | 6.125%, 04/01/36 | 437 | ||||
DTE Electric | ||||||
260 | 2.625%, 03/01/31 | 266 | ||||
National Rural Utilities Cooperative Finance | ||||||
275 | 3.900%, 11/01/28 | 307 | ||||
Progress Energy | ||||||
400 | 6.000%, 12/01/39 | 514 | ||||
Sempra Energy | ||||||
200 | 3.250%, 06/15/27 | 214 | ||||
Sierra Pacific Power | ||||||
200 | 2.600%, 05/01/26 | 211 | ||||
Xcel Energy | ||||||
300 | 3.300%, 06/01/25 | 322 | ||||
|
|
| ||||
2,271 | ||||||
|
|
| ||||
TOTAL CORPORATE OBLIGATIONS (Cost $17,120) |
18,103 | |||||
|
|
| ||||
U.S. TREASURY OBLIGATIONS 17.4% | ||||||
U.S. Treasury Bonds | ||||||
600 | 6.000%, 02/15/26 | 746 | ||||
250 | 5.375%, 02/15/31 | 334 | ||||
250 | 4.750%, 02/15/37 | 341 | ||||
300 | 4.500%, 08/15/39 | 406 | ||||
875 | 4.375%, 05/15/41 | 1,176 | ||||
500 | 3.125%, 05/15/48 | 572 | ||||
50 | 3.000%, 08/15/48 | 56 | ||||
400 | 2.250%, 08/15/46 | 387 | ||||
U.S. Treasury Notes | ||||||
170 | 3.125%, 11/15/28 | 190 | ||||
135 | 2.875%, 08/15/28 | 148 | ||||
380 | 2.125%, 05/15/25 | 402 | ||||
400 | 2.000%, 11/15/26 | 420 | ||||
300 | 1.625%, 08/15/29 | 301 | ||||
|
|
| ||||
TOTAL U.S. TREASURY OBLIGATIONS (Cost $5,128) | 5,479 | |||||
|
|
| ||||
U.S. GOVERNMENT AGENCY OBLIGATIONS 15.9% | ||||||
FFCB | ||||||
350 | 3.220%, 12/10/25 | 387 | ||||
450 | 3.100%, 12/06/24 | 492 | ||||
200 | 1.530%, 03/02/27 | 205 | ||||
200 | 1.430%, 02/14/24 | 206 | ||||
550 | 1.040%, 05/27/27 | 540 |
March 31, 2021 | www.bishopstreetfunds.com |
High Grade Income Fund | (unaudited) |
Schedule of Investments
as of March 31, 2021
Face |
Value
(000) | |||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (continued) | ||||||
FHLB | ||||||
$ 475 | 4.750%, 03/10/23 | $ | 517 | |||
500 | 3.125%, 06/13/25 | 548 | ||||
500 | 3.000%, 03/10/28 | 553 | ||||
550 | 2.500%, 03/11/22 | 563 | ||||
500 | 2.125%, 09/14/29 | 520 | ||||
FHLMC MTN | ||||||
500 | 0.500%, 06/03/24 | 500 | ||||
|
|
| ||||
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS (Cost $4,836) | 5,031 | |||||
|
|
| ||||
U.S. GOVERNMENT AGENCY MORTGAGE-BACKED OBLIGATIONS 5.1% | ||||||
FHLMC, Ser 2015-4425, Cl BY | ||||||
597 | 2.000%, 01/15/45 | 560 | ||||
FHLMC, Ser G12710 | ||||||
8 | 5.500%, 07/01/22 | 8 | ||||
FNMA, Ser 2003-58, Cl D | ||||||
23 | 3.500%, 07/25/33 | 25 | ||||
FNMA, Ser 2013-92, Cl MT | ||||||
15 | 4.000%, 07/25/41 | 16 | ||||
FNMA, Ser 889958 | ||||||
7 | 5.000%, 10/01/23 | 7 | ||||
GNMA, Ser 2012-91, Cl QL | ||||||
765 | 2.000%, 09/20/41 | 756 | ||||
GNMA, Ser 2013-4, Cl CN | ||||||
220 | 2.000%, 10/16/42 | 221 | ||||
|
|
| ||||
TOTAL U.S. GOVERNMENT AGENCY MORTGAGE-BACKED OBLIGATIONS (Cost $1,442) | 1,593 | |||||
|
|
| ||||
MUNICIPAL BONDS 3.4% | ||||||
Burlingame Elementary School District, GO | ||||||
300 | 3.010%, 08/01/41 | 301 | ||||
California State, GO | ||||||
260 | 6.509%, 04/01/39 | 267 | ||||
Hawaii State, Airports System Authority, Ser E, RB | ||||||
355 | 1.392%, 07/01/25 | 356 | ||||
Tyler, Independent School District, GO, PSF-GTD Insured | ||||||
150 | 1.584%, 02/15/31 | 144 | ||||
|
|
| ||||
TOTAL MUNICIPAL BONDS (Cost $1,081) | 1,068 | |||||
|
|
| ||||
CASH EQUIVALENT 0.2% | ||||||
77,203 | BlackRock FedFund, Institutional Shares, 0.010% (A) (Cost $77) | 77 | ||||
|
|
| ||||
TOTAL INVESTMENTS (Cost $29,684) 99.4% | $ | 31,351 | ||||
|
|
|
Percentages are based on Net Assets of $31,547 (000).
(A) | The rate reported is the 7-day effective yield as of March 31, 2021. |
ClClass
FFCBFederal Farm Credit Bank
FHLBFederal Home Loan Bank
FHLMCFederal Home Loan Mortgage Corporation
FNMAFederal National Mortgage Association
GNMAGovernment National Mortgage Association
GOGeneral Obligation
ICE Intercontinental Exchange
LIBOR London Interbank Offered Rate
March 31, 2021 | www.bishopstreetfunds.com |
High Grade Income Fund | (unaudited) |
Schedule of Investments
as of March 31, 2021
LLCLimited Liability Corporation
LP Limited Partnership
MTNMedium Term Note
PLCPublic Limited Company
PSF-GTD Permanent School Fund Guaranteed
SerSeries
USD United States Dollar
VAR Variable Rate
Cost figures are shown in thousands.
The following is a summary of the inputs used as of March 31, 2021, in valuing the Funds investments carried at value (000):
High Grade Income Fund |
| |||||||||||||||
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Corporate Obligations |
$ | | $ | 18,103 | $ | | $ | 18,103 | ||||||||
U.S. Treasury Obligations |
| 5,479 | | 5,479 | ||||||||||||
U.S. Government Agency Obligations |
| 5,031 | | 5,031 | ||||||||||||
U.S. Government Agency Mortgage-Backed Obligations |
| 1,593 | | 1,593 | ||||||||||||
Municipal Bonds |
| 1,068 | | 1,068 | ||||||||||||
Cash Equivalent |
77 | | | 77 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Investments in Securities |
$ | 77 | $ | 31,274 | $ | | $ | 31,351 | ||||||||
|
|
|
|
|
|
|
|
For the period ended March 31, 2021, there were no transfers in or out of Level 3.
Amounts designated as are $0.
For information regarding the Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent semi-annual and annual financial statements.
BSF-QH-001-3600
March 31, 2021 | www.bishopstreetfunds.com |
Hawaii Municipal Bond Fund | (unaudited) |
Schedule of Investments
as of March 31, 2021
Face |
Value
(000) | |||||
MUNICIPAL BONDS 98.6% | ||||||
California 1.1% |
||||||
Orange County, Water District, Ser A, RB | ||||||
$ 1,000 | 5.000%, 08/15/23, Pre-Refunded @ 100(A) | $ | 1,114 | |||
University of California, Ser AF, RB | ||||||
215 | 5.000%, 05/15/23, Pre-Refunded @ 100(A) | 237 | ||||
|
|
| ||||
1,351 | ||||||
|
|
| ||||
Florida 0.1% |
||||||
Miami-Dade County, School Board, Ser D, COP | ||||||
150 | 5.000%, 02/01/27 | 180 | ||||
|
|
| ||||
Hawaii 94.0% |
||||||
Hawaii County, Ser A, GO | ||||||
250 | 5.000%, 09/01/23 | 278 | ||||
150 | 5.000%, 09/01/24 | 173 | ||||
600 | 5.000%, 09/01/26 | 723 | ||||
100 | 5.000%, 09/01/27 | 121 | ||||
125 | 5.000%, 09/01/28 | 154 | ||||
500 | 5.000%, 09/01/30 | 599 | ||||
400 | 5.000%, 09/01/33 | 483 | ||||
300 | 5.000%, 09/01/36 | 360 | ||||
1,500 | 4.000%, 09/01/35 | 1,679 | ||||
130 | 4.000%, 09/01/36 | 156 | ||||
Hawaii County, Ser C, GO | ||||||
450 | 5.000%, 09/01/24 | 518 | ||||
100 | 5.000%, 09/01/27 | 121 | ||||
Hawaii County, Ser D, GO | ||||||
200 | 5.000%, 09/01/25 | 238 | ||||
300 | 5.000%, 09/01/27 | 362 | ||||
Hawaii State, Airports System Authority, Ser A, RB, AMT | ||||||
2,000 | 5.000%, 07/01/45 | 2,291 | ||||
Hawaii State, Airports System Authority, Ser D, RB | ||||||
100 | 5.000%, 07/01/28 | 127 | ||||
1,000 | 5.000%, 07/01/29 | 1,294 | ||||
260 | 4.000%, 07/01/39 | 302 | ||||
Hawaii State, Airports System Authority, RB, AMT | ||||||
835 | 5.000%, 07/01/21, Pre-Refunded @ 100(A) | 844 | ||||
665 | 5.000%, 07/01/24 | 675 | ||||
1,000 | 4.125%, 07/01/24 | 1,009 | ||||
Hawaii State, Department of Budget & Finance, Pacific Health Project, Ser A, RB | ||||||
760 | 6.000%, 07/01/33 | 849 | ||||
100 | 4.000%, 01/01/24 | 106 | ||||
Hawaii State, Department of Budget & Finance, RB | ||||||
100 | 5.500%, 07/01/43 | 110 | ||||
475 | 5.125%, 07/01/31 | 521 | ||||
300 | 5.000%, 07/01/21 | 303 | ||||
300 | 5.000%, 07/01/26 | 329 |
March 31, 2021 | www.bishopstreetfunds.com |
Hawaii Municipal Bond Fund | (unaudited) |
Schedule of Investments
as of March 31, 2021
Face |
Value
(000) | |||||
Hawaii (continued) |
||||||
$ 200 | 5.000%, 07/01/29 | $ | 219 | |||
50 | 4.625%, 07/01/27 | 54 | ||||
140 | 4.000%, 01/01/26 | 153 | ||||
250 | 4.000%, 01/01/31 | 277 | ||||
350 | 3.250%, 01/01/25 | 377 | ||||
2,535 | 3.200%, 07/01/39 | 2,707 | ||||
Hawaii State, Department of Budget & Finance, Ser A, RB | ||||||
205 | 5.000%, 07/01/22 | 217 | ||||
575 | 5.000%, 07/01/26 | 632 | ||||
350 | 5.000%, 07/01/27 | 411 | ||||
755 | 5.000%, 07/01/30 | 871 | ||||
3,135 | 5.000%, 07/01/35 | 3,598 | ||||
1,130 | 4.000%, 07/01/40 | 1,215 | ||||
Hawaii State, Department of Budget & Finance, Ser B, RB | ||||||
775 | 5.000%, 07/01/28 | 850 | ||||
Hawaii State, Department of Hawaiian Home Lands, Kapolie Office Facilities, Ser A, COP | ||||||
500 | 5.000%, 11/01/26 | 614 | ||||
Hawaii State, Department of Hawaiian Home Lands, RB | ||||||
350 | 5.000%, 04/01/21 | 350 | ||||
100 | 5.000%, 04/01/24 | 113 | ||||
410 | 5.000%, 04/01/25 | 481 | ||||
500 | 5.000%, 04/01/27 | 621 | ||||
50 | 5.000%, 04/01/31 | 60 | ||||
Hawaii State, Department of Hawaiian Home Lands, Ser A, RB | ||||||
350 | 4.000%, 11/01/22 | 371 | ||||
Hawaii State, Department of Transportation, Airports Division Lease Revenue, COP, AMT | ||||||
2,525 | 5.000%, 08/01/21 | 2,559 | ||||
1,000 | 5.000%, 08/01/27 | 1,098 | ||||
1,000 | 5.000%, 08/01/28 | 1,097 | ||||
Hawaii State, Department of Transportation, COP, AMT | ||||||
500 | 5.250%, 08/01/25 | 552 | ||||
Hawaii State, Harbor System Revenue, Ser A, RB, AMT | ||||||
1,000 | 5.000%, 07/01/24 | 1,135 | ||||
1,000 | 5.000%, 07/01/26 | 1,198 | ||||
Hawaii State, Harbor System Revenue, Ser C, RB | ||||||
1,250 | 4.000%, 07/01/32 | 1,524 | ||||
75 | 4.000%, 07/01/38 | 89 | ||||
1,000 | 4.000%, 07/01/39 | 1,183 | ||||
800 | 4.000%, 07/01/40 | 944 | ||||
Hawaii State, Highway Revenue, Ser A, RB | ||||||
500 | 5.000%, 01/01/22, Pre-Refunded @ 100(A) | 518 | ||||
700 | 5.000%, 01/01/23 | 758 | ||||
100 | 5.000%, 01/01/24 | 113 | ||||
215 | 5.000%, 01/01/25 | 246 | ||||
950 | 5.000%, 01/01/30 | 1,155 |
March 31, 2021 | www.bishopstreetfunds.com |
Hawaii Municipal Bond Fund | (unaudited) |
Schedule of Investments
as of March 31, 2021
Face |
Value
(000) | |||||
Hawaii (continued) |
||||||
$ 1,000 | 5.000%, 01/01/33 | $ | 1,137 | |||
1,200 | 4.000%, 01/01/26 | 1,231 | ||||
500 | 4.000%, 01/01/32 | 568 | ||||
250 | 4.000%, 01/01/36 | 282 | ||||
Hawaii State, Highway Revenue, Ser B, RB | ||||||
165 | 5.000%, 01/01/24 | 186 | ||||
Hawaii State, Housing Finance & Development, Kuhio Park Terrace Multi-Family Housing, Ser A, RB | ||||||
200 | 3.900%, 04/01/22 | 200 | ||||
115 | 3.750%, 04/01/21 | 115 | ||||
Hawaii State, Housing Finance & Development, Single-Family Housing, Ser B, RB, GNMA/FNMA/FHLMC Insured | ||||||
145 | 3.450%, 01/01/22 | 146 | ||||
Hawaii State, Housing Finance & Development, Wilikina Apartments Project, Ser A, RB | ||||||
1,000 | 5.000%, 05/01/34 | 1,020 | ||||
Hawaii State, Ser DZ, GO | ||||||
300 | 5.000%, 12/01/21, Pre-Refunded @ 100(A) | 309 | ||||
225 | 4.000%, 12/01/30 | 229 | ||||
200 | 4.000%, 12/01/31 | 204 | ||||
Hawaii State, Ser EA, GO | ||||||
1,700 | 5.000%, 12/01/22 | 1,754 | ||||
Hawaii State, Ser EE-2017, GO | ||||||
400 | 5.000%, 11/01/22, Pre-Refunded @ 100(A) | 431 | ||||
Hawaii State, Ser EF, GO | ||||||
300 | 5.000%, 11/01/23 | 323 | ||||
500 | 5.000%, 11/01/24 | 538 | ||||
Hawaii State, Ser EH, GO | ||||||
45 | 5.000%, 08/01/23, Pre-Refunded @ 100(A) | 50 | ||||
125 | 5.000%, 08/01/24 | 139 | ||||
300 | 5.000%, 08/01/29 | 332 | ||||
295 | 5.000%, 08/01/30 | 326 | ||||
95 | 5.000%, 08/01/32 | 105 | ||||
Hawaii State, Ser EH-2017, GO | ||||||
85 | 5.000%, 08/01/23 (B) | 94 | ||||
Hawaii State, Ser EO, GO | ||||||
1,535 | 5.000%, 08/01/29 | 1,756 | ||||
1,000 | 5.000%, 08/01/30 | 1,144 | ||||
1,000 | 5.000%, 08/01/33 | 1,141 | ||||
Hawaii State, Ser ET, GO | ||||||
350 | 5.000%, 10/01/30 | 416 | ||||
2,000 | 4.000%, 10/01/26 | 2,295 | ||||
Hawaii State, Ser FB, GO | ||||||
450 | 3.000%, 04/01/35 | 473 | ||||
Hawaii State, Ser FG, GO | ||||||
500 | 5.000%, 10/01/30 | 610 | ||||
200 | 5.000%, 10/01/31 | 244 |
March 31, 2021 | www.bishopstreetfunds.com |
Hawaii Municipal Bond Fund | (unaudited) |
Schedule of Investments
as of March 31, 2021
Face |
Value
(000) | |||||
Hawaii (continued) |
||||||
Hawaii State, Ser FH, GO | ||||||
$ 100 | 5.000%, 10/01/27 | $ | 123 | |||
Hawaii State, Ser FK, GO | ||||||
1,915 | 5.000%, 05/01/29 | 2,365 | ||||
Hawaii State, Ser FN-REF, GO | ||||||
625 | 5.000%, 10/01/30 | 776 | ||||
Hawaii State, Ser FT, GO | ||||||
750 | 5.000%, 01/01/31 | 937 | ||||
Hawaii State, Ser FW, GO | ||||||
925 | 5.000%, 01/01/30 | 1,188 | ||||
2,000 | 5.000%, 01/01/37 | 2,504 | ||||
1,000 | 5.000%, 01/01/39 | 1,245 | ||||
Honolulu Hawaii City & County, Board of Water Supply, Ser A, RB | ||||||
1,180 | 5.000%, 07/01/22, Pre-Refunded @ 100(A) | 1,251 | ||||
235 | 5.000%, 07/01/23 | 260 | ||||
500 | 5.000%, 07/01/24 | 574 | ||||
200 | 5.000%, 07/01/24, Pre-Refunded @ 100(A) | 230 | ||||
1,000 | 5.000%, 07/01/25 | 1,145 | ||||
500 | 5.000%, 07/01/26 | 612 | ||||
100 | 5.000%, 07/01/27 | 125 | ||||
50 | 4.500%, 07/01/22, Pre-Refunded @ 100(A) | 53 | ||||
1,000 | 4.000%, 07/01/38 | 1,221 | ||||
1,000 | 4.000%, 07/01/40 | 1,214 | ||||
Honolulu Hawaii City & County, GO | ||||||
250 | 4.000%, 09/01/27 | 300 | ||||
250 | 4.000%, 09/01/33 | 294 | ||||
Honolulu Hawaii City & County, Ser A, GO | ||||||
305 | 5.250%, 08/01/21, Pre-Refunded @ 100(A) | 310 | ||||
1,000 | 5.000%, 10/01/23 | 1,118 | ||||
350 | 5.000%, 10/01/29 | 416 | ||||
800 | 5.000%, 10/01/31 | 949 | ||||
475 | 5.000%, 09/01/32 | 586 | ||||
1,500 | 5.000%, 10/01/37 | 1,762 | ||||
1,175 | 5.000%, 09/01/38 | 1,462 | ||||
Honolulu Hawaii City & County, Ser B, GO | ||||||
280 | 5.000%, 11/01/22 | 301 | ||||
200 | 5.000%, 11/01/24 | 215 | ||||
1,000 | 5.000%, 11/01/25 | 1,075 | ||||
Honolulu Hawaii City & County, Ser C, GO | ||||||
125 | 5.000%, 10/01/21 | 128 | ||||
680 | 5.000%, 08/01/34 | 873 | ||||
1,400 | 5.000%, 08/01/44 | 1,749 | ||||
1,200 | 4.000%, 08/01/23 | 1,305 | ||||
1,400 | 4.000%, 10/01/32 | 1,597 | ||||
145 | 3.000%, 10/01/28 | 158 | ||||
Honolulu Hawaii City & County, Ser D, GO | ||||||
750 | 5.000%, 07/01/23 | 830 |
March 31, 2021 | www.bishopstreetfunds.com |
Hawaii Municipal Bond Fund | (unaudited) |
Schedule of Investments
as of March 31, 2021
Face |
Value
(000) | |||||
Hawaii (continued) |
||||||
Honolulu Hawaii City & County, Ser F, GO | ||||||
$ 625 | 5.000%, 07/01/33 | $ | 821 | |||
Honolulu Hawaii City & County, Wastewater System Revenue, RB | ||||||
1,000 | 5.000%, 07/01/25, Pre-Refunded @ 100(A) | 1,188 | ||||
500 | 5.000%, 07/01/39 | 631 | ||||
Honolulu Hawaii City & County, Wastewater System Revenue, Ser A, RB | ||||||
100 | 5.000%, 07/01/22, Pre-Refunded @ 100(A) | 106 | ||||
300 | 5.000%, 07/01/24 | 344 | ||||
750 | 5.000%, 07/01/26 | 887 | ||||
575 | 5.000%, 07/01/49 | 715 | ||||
1,420 | 4.000%, 07/01/39 | 1,682 | ||||
Honolulu Hawaii City & County, Wastewater System Revenue, Ser B, RB | ||||||
700 | 5.000%, 07/01/23 | 775 | ||||
325 | 4.000%, 07/01/33 | 370 | ||||
Honolulu Hawaii City & County, Wastewater System Revenue, Ser S, RB | ||||||
125 | 5.000%, 07/01/24 | 144 | ||||
Kauai County, GO | ||||||
150 | 5.000%, 08/01/26 | 184 | ||||
250 | 5.000%, 08/01/37 | 303 | ||||
Kauai County, Ser A, GO | ||||||
250 | 5.000%, 08/01/21 | 254 | ||||
500 | 5.000%, 08/01/23 | 532 | ||||
315 | 4.000%, 08/01/24 | 330 | ||||
250 | 3.250%, 08/01/23 | 252 | ||||
Kauai County, Ser A, GO, NATL FGIC Insured | ||||||
415 | 5.000%, 08/01/21 | 416 | ||||
Maui County, GO | ||||||
460 | 5.000%, 03/01/24 | 522 | ||||
430 | 5.000%, 03/01/27 | 536 | ||||
450 | 5.000%, 03/01/29 | 585 | ||||
Maui County, RB | ||||||
1,500 | 3.250%, 09/01/36 | 1,632 | ||||
University of Hawaii, Ser B, RB | ||||||
500 | 5.000%, 10/01/27 | 632 | ||||
1,500 | 5.000%, 10/01/34 | 1,743 | ||||
1,000 | 4.000%, 10/01/23 | 1,092 | ||||
University of Hawaii, Ser D, RB | ||||||
575 | 5.000%, 10/01/25 | 688 | ||||
700 | 4.000%, 10/01/32 | 852 | ||||
University of Hawaii, Ser E, RB | ||||||
1,485 | 5.000%, 10/01/25 | 1,778 | ||||
1,350 | 5.000%, 10/01/32 | 1,618 |
March 31, 2021 | www.bishopstreetfunds.com |
Hawaii Municipal Bond Fund | (unaudited) |
Schedule of Investments
as of March 31, 2021
Face |
Value
(000) | |||||
Hawaii (continued) |
||||||
University of Hawaii, Ser F, RB | ||||||
$ 2,425 | 5.000%, 10/01/35 | $ | 2,965 | |||
|
|
| ||||
116,711 | ||||||
|
|
| ||||
Indiana 0.1% |
||||||
Indiana State, Housing & Community Development Authority, Ser C, RB, GNMA/FNMA/FHLMC Insured | ||||||
60 | 4.100%, 06/01/27 | 60 | ||||
|
|
| ||||
Kentucky 0.2% |
||||||
Kentucky State, Public Energy Authority, Ser B, RB | ||||||
200 | 4.000%, 07/01/22 | 209 | ||||
|
|
| ||||
New York 0.9% |
||||||
New York City, Trust for Cultural Resources, Ser S, RB | ||||||
1,000 | 5.000%, 07/01/41 | 1,128 | ||||
|
|
| ||||
Oklahoma 0.9% |
||||||
Comanche County, Educational Facilities Authority, Ser A, RB | ||||||
500 | 5.000%, 12/01/30 | 620 | ||||
Oklahoma State, Development Finance Authority, RB | ||||||
475 | 5.000%, 06/01/44 | 530 | ||||
|
|
| ||||
1,150 | ||||||
|
|
| ||||
Texas 0.9% |
||||||
Tomball City, Independent School District, GO, PSF-GTD Insured | ||||||
1,000 | 5.000%, 02/15/28 | 1,165 | ||||
|
|
| ||||
Utah 0.4% |
||||||
Utah State, Charter School Finance Authority, Ser A, RB, UT CSCE Insured | ||||||
450 | 4.000%, 10/15/40 | 475 | ||||
|
|
| ||||
TOTAL MUNICIPAL BONDS (Cost $118,918) |
122,429 | |||||
|
|
| ||||
CASH EQUIVALENT 0.5% |
||||||
552,133 | BlackRock FedFund, Institutional Shares, 0.010% (C) (Cost $ 552) | 552 | ||||
|
|
| ||||
TOTAL INVESTMENTS (Cost $119,470) 99.1% |
$ | 122,981 | ||||
|
|
|
Percentages are based on Net Assets of $124,117 (000).
(A) | Pre-Refunded Security The maturity date shown is the pre-refunded date. |
(B) | Security is escrowed to maturity. |
(C) | The rate reported is the 7-day effective yield as of March 31, 2021. |
AMTAlternative Minimum Tax
COPCertificate of Participation
FGICFinancial Guarantee Insurance Corporation
FHLMCFederal Home Loan Mortgage Corporation
FNMAFederal National Mortgage Association
GNMAGovernment National Mortgage Association
March 31, 2021 | www.bishopstreetfunds.com |
Hawaii Municipal Bond Fund | (unaudited) |
Schedule of Investments
as of March 31, 2021
GOGeneral Obligation
NATLNational Public Finance Guarantee Corporation
PSF-GTDGuaranteed by Permanent School Fund
RBRevenue Bond
SerSeries
UT CSCE Utah Charter School Enhancement Program
Cost figures are shown in thousands.
The following is a list of the inputs used as of March 31, 2021, in valuing the Funds investments carried at value (000):
Hawaii Municipal Bond Fund |
| |||||||||||||||
Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Municipal Bonds |
$ | | $ | 122,429 | $ | | $ | 122,429 | ||||||||
Cash Equivalent |
552 | | | 552 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
Total Investments in Securities |
$ | 552 | $ | 122,429 | $ | | $ | 122,981 | ||||||||
|
|
|
|
|
|
|
|
For the period ended March 31, 2021, there have been no transfers in or out of Level 3.
Amounts designated as are $0.
For information regarding the Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent semi-annual and annual financial statements
BSF-QH-001-3600
March 31, 2021 | www.bishopstreetfunds.com |