0001752724-24-055601.txt : 20240314
0001752724-24-055601.hdr.sgml : 20240314
20240314141142
ACCESSION NUMBER: 0001752724-24-055601
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20231231
FILED AS OF DATE: 20240314
DATE AS OF CHANGE: 20240314
EFFECTIVENESS DATE: 20240314
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BISHOP STREET FUNDS
CENTRAL INDEX KEY: 0000925737
ORGANIZATION NAME:
IRS NUMBER: 000000000
STATE OF INCORPORATION: MA
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-08572
FILM NUMBER: 24749105
BUSINESS ADDRESS:
STREET 1: 1FREEDOM VALLEY DRIVE
CITY: OAKS
STATE: PA
ZIP: 19087-1693
BUSINESS PHONE: 610 767-3204
MAIL ADDRESS:
STREET 1: 1FREEDOM VALLEY DRIVE
CITY: OAKS
STATE: PA
ZIP: 19087-1693
0000925737
S000005797
HAWAII MUNICIPAL BOND FUND
C000015930
CLASS I SHARES
BSHIX
C000015931
CLASS A SHARES
BHIAX
N-CEN
1
primary_doc.xml
X0404
N-CEN
LIVE
0000925737
XXXXXXXX
811-08572
N-1A
S000005797
true
BISHOP STREET FUNDS
811-08572
0000925737
549300PJBGM1ITQUV329
ONE FREEDOM VALLEY DRIVE
OAKS
19456
US-PA
US
610-767-3204
US BANK, N.A.
425 Walnut Street
Cincinnati
45202
651-466-3000
Records as Custodian of Trust
SEI Investments Global Funds Services
1 Freedom Valley Drive
OAKS
19456
610-676-1000
Records as Administrator of Trust
SEI Investments Distribution Co.
One Freedom Valley Drive
Oaks
19456
610-676-1000
Records as Distributor for Trust
BISHOP STREET CAPITAL MANAGEMENT
999 Bishop St
Honolulu
96813
808-525-6246
Records as Advisor for Trust
SS&C GIDS, Inc.
333 W 11th St
Kansas City
64105
816-435-1000
Records as Transfer Agent for Trust
N
N
N
N-1A
1
Y
Joseph Grause Jr.
N/A
N
Kathleen Gaffney
N/A
N
Monica Walker
N/A
N
Robert Mulhall
N/A
N
Bruce Speca
N/A
N
Robert A. Nesher
N/A
Y
Betty Krikorian
N/A
N
Jeffrey Klauder
N/A
Y
Stephen Panner
N/A
1 Freedom Valley Drive
Oaks
19456
XXXXXX
N
N
N
N
N
N
N
SEI INVESTMENTS DISTRIBUTION CO.
8-27897
000010690
N/A
N
N
PRICEWATERHOUSECOOPERS, LLP
238
5493009NI73B74CHXG16
N
N
N
N
N
N
N
Hawaii Municipal Bond Fund
S000005797
549300I7BSO1QBX8Y786
N
2
0
0
N/A
Y
N
Y
N
N/A
0.00000000
0.00000000
Rule 32a-4 (17 CFR 270.32a-4)
Y
Y
Y
N
BISHOP STREET CAPITAL
801-57217
000108042
549300RTRPUBPLFQ3R43
N
SS&C GIDS, Inc.
N/A
N/A
N
N
N
Intercontinental Exchange, Inc.
5493000F4ZO33MV32P92
N
Thomson Reuters Corporation
549300561UZND4C7B569
CA
N
S&P
549300U4VWNITEKO2881
N
Bloomberg
254900BF4G8VMW8GG471
N
Pricing Direct
549300WIC0TOJ7N7GD54
N
IHS Markit
549300HLPTRASHS0E726
GB
N
N
U.S. Bank, N.A.
6BYL5QZYBDK8S7L73M02
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
SS&C GIDS, Inc.
21B7QCD05XOK0YTYOP98
N
N
N
SEI INVESTMENTS GLOBAL FUNDS SERVICES
801-24593
SEC File Number
N
N
N
SEI INVESTMENTS DISTRIBUTIONS COMPANY
8-27897
000010690
N/A
0.00
0.00
STIFEL NICOLAUS & CO., INC.
008-01447
000000793
5WUVMA08EYG4KEUPW589
7643281.40
PAX CLEARING CO. LP
8-25971
000030688
N/A
1692948.60
MARKET AXESS
8-52564
000104103
N/A
4458220.30
MONTGOMERY/BANK OF AMERICA
008-69787
000283942
549300HN4UKV1E2R3U73
3602486.05
PERSHING LLC
008-17574
000007560
ZI8Q1A8EI8LQFJNM0D94
18082745.90
FTN FINANCIAL
008-51393
000046346
PHDL2C07HIPM5DUL8S59
1016800.00
JPM CHASE
008-35008
000000079
ZBUT11V806EZRVTWT807
2852051.00
CITIGROUP GLOBAL MARKETS
008-08177
000007059
MBNUM2BPBDO7JBLYG310
4353862.04
RBC DAIN RAUSCHER INC.
008-45411
000031194
549300LCO2FLSSVFFR64
1755556.50
MORGAN STANLEY & CO, INC
008-15869
000008209
9R7GPTSO7KV3UQJZQ078
12335207.70
60184176.29
N
121597504.65
Committed
5000000.00000000
N
N
N
N
false
false
true
false
false
false
INTERNAL CONTROL RPT
2
BishopStreet_ICL.txt
INTERNAL CONTROL LETTER
Report of Independent Registered Public Accounting
Firm
To the Board of Trustees of Bishop Street Funds and
Shareholders of Hawaii Municipal Bond Fund
In planning and performing our audit of the
financial statements of Hawaii Municipal Bond Fund
(constituting Bishop Street Funds, hereafter
referred to as the "Fund") as of and for the year
ended December 31, 2023, in accordance with the
standards of the Public Company Accounting Oversight
Board (United States) (PCAOB), we considered the
Fund's internal control over financial reporting,
including controls over safeguarding securities, as
a basis for designing our auditing procedures for
the purpose of expressing our opinion on the
financial statements and to comply with the
requirements of Form N-CEN, but not for the purpose
of expressing an opinion on the effectiveness of the
Fund's internal control over financial reporting.
Accordingly, we do not express an opinion on the
effectiveness of the Fund's internal control over
financial reporting.
The management of the Fund is responsible for
establishing and maintaining effective internal
control over financial reporting. In fulfilling this
responsibility, estimates and judgments by
management are required to assess the expected
benefits and related costs of controls. A company's
internal control over financial reporting is a
process designed to provide reasonable assurance
regarding the reliability of financial reporting and
the preparation of financial statements for external
purposes in accordance with generally accepted
accounting principles. A company's internal control
over financial reporting includes those policies and
procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and
fairly reflect the transactions and dispositions of
the assets of the company; (2) provide reasonable
assurance that transactions are recorded as
necessary to permit preparation of financial
statements in accordance with generally accepted
accounting principles, and that receipts and
expenditures of the company are being made only in
accordance with authorizations of management and
directors of the company; and (3) provide reasonable
assurance regarding prevention or timely detection
of unauthorized acquisition, use or disposition of a
company's assets that could have a material effect
on the financial statements.
Because of its inherent limitations, internal
control over financial reporting may not prevent or
detect misstatements. Also, projections of any
evaluation of effectiveness to future periods are
subject to the risk that controls may become
inadequate because of changes in conditions, or that
the degree of compliance with the policies or
procedures may deteriorate.
A deficiency in internal control over financial
reporting exists when the design or operation of a
control does not allow management or employees, in
the normal course of performing their assigned
functions, to prevent or detect misstatements on a
timely basis. A material weakness is a deficiency,
or a combination of deficiencies, in internal
control over financial reporting, such that there is
a reasonable possibility that a material
misstatement of the company's annual or interim
financial statements will not be prevented or
detected on a timely basis.
Our consideration of the Fund's internal control
over financial reporting was for the limited purpose
described in the first paragraph and would not
necessarily disclose all deficiencies in internal
control over financial reporting that might be
material weaknesses under standards established by
the PCAOB. However, we noted no deficiencies in the
Fund's internal control over financial reporting and
its operation, including controls over safeguarding
securities, that we consider to be a material
weakness as defined above as of December 31, 2023.
This report is intended solely for the information
and use of the Board of Trustees of Bishop Street
Funds and the Securities and Exchange Commission and
is not intended to be and should not be used by
anyone other than these specified parties.
/s/ PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
February 29, 2024