Hawaii Municipal Bond Fund
Schedule of Investments
as of March 31, 2023
Face Amount (000) | Value (000) | |||||||
MUNICIPAL BONDS — 98.2% | ||||||||
Arkansas — 0.6% | ||||||||
$ | 750 | Little Rock Arkansas, Ser A, GO 4.000%, 02/01/37 | $ | 767 | ||||
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California — 0.2% | ||||||||
255 | University of California, Ser AF, RB 5.000%, 05/15/23, Pre-Refunded @ 100 (A) | 256 | ||||||
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Florida — 0.2% | ||||||||
205 | Miami-Dade County, School Board, Ser D, COP 5.000%, 02/01/27 | 218 | ||||||
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Hawaii — 95.7% | ||||||||
Hawaii County, Ser A, GO | ||||||||
250 | 5.000%, 09/01/23 | 252 | ||||||
180 | 5.000%, 09/01/24 | 186 | ||||||
600 | 5.000%, 09/01/26 | 644 | ||||||
135 | 5.000%, 09/01/27 | 145 | ||||||
510 | 5.000%, 09/01/30 | 546 | ||||||
200 | 5.000%, 09/01/32 | 213 | ||||||
440 | 5.000%, 09/01/33 | 481 | ||||||
35 | 5.000%, 09/01/35 | 38 | ||||||
335 | 5.000%, 09/01/36 | 362 | ||||||
1,500 | 4.000%, 09/01/35 | 1,540 | ||||||
130 | 4.000%, 09/01/36 | 136 | ||||||
Hawaii County, Ser C, GO | ||||||||
450 | 5.000%, 09/01/24 | 465 | ||||||
110 | 5.000%, 09/01/27 | 118 | ||||||
Hawaii County, Ser D, GO | ||||||||
200 | 5.000%, 09/01/25 | 212 | ||||||
300 | 5.000%, 09/01/27 | 322 | ||||||
Hawaii State, Airports System Authority, Ser A, RB, AMT | ||||||||
385 | 5.000%, 07/01/31 | 415 | ||||||
1,000 | 5.000%, 07/01/36 | 1,103 | ||||||
1,000 | 4.000%, 07/01/39 | 976 |
March 31, 2023 | www.bishopstreetfunds.com |
Hawaii Municipal Bond Fund
Face Amount (000) | Value (000) | |||||||
Hawaii — (continued) | ||||||||
Hawaii State, Airports System Authority, Ser B, RB, AMT | ||||||||
$ | 1,000 | 5.000%, 07/01/24 | $ | 1,022 | ||||
Hawaii State, Airports System Authority, Ser D, RB | ||||||||
100 | 5.000%, 07/01/28 | 113 | ||||||
1,025 | 5.000%, 07/01/29 | 1,172 | ||||||
450 | 5.000%, 07/01/33 | 518 | ||||||
135 | 5.000%, 07/01/34 | 154 | ||||||
260 | 4.000%, 07/01/39 | 263 | ||||||
2,040 | Hawaii State, Airports System Revenue, Ser A, RB, AMT 5.000%, 07/01/41 | 2,069 | ||||||
Hawaii State, Department of Budget & Finance, Pacific Health Project, Ser A, RB | ||||||||
1,090 | 6.000%, 07/01/33 | 1,099 | ||||||
310 | 4.000%, 01/01/24 | 311 | ||||||
Hawaii State, Department of Budget & Finance, RB | ||||||||
155 | 5.500%, 07/01/43 | 156 | ||||||
475 | 5.125%, 07/01/31 | 477 | ||||||
85 | 5.000%, 07/01/24 | 85 | ||||||
300 | 5.000%, 07/01/26 | 301 | ||||||
315 | 5.000%, 07/01/28 | 316 | ||||||
340 | 5.000%, 07/01/29 | 341 | ||||||
120 | 4.625%, 07/01/27 | 121 | ||||||
140 | 4.000%, 01/01/26 | 141 | ||||||
250 | 4.000%, 01/01/31 | 252 | ||||||
1,190 | 4.000%, 03/01/37 | 1,146 | ||||||
350 | 3.250%, 01/01/25 | 347 | ||||||
2,710 | 3.200%, 07/01/39 | 2,300 | ||||||
1,000 | 3.100%, 05/01/26 | 979 | ||||||
Hawaii State, Department of Budget & Finance, Ser A, RB | ||||||||
575 | 5.000%, 07/01/26 | 577 | ||||||
350 | 5.000%, 07/01/27 | 368 | ||||||
75 | 5.000%, 07/01/29 | 79 | ||||||
815 | 5.000%, 07/01/30 | 856 | ||||||
3,170 | 5.000%, 07/01/35 | 3,297 | ||||||
1,355 | 4.000%, 07/01/40 | 1,342 | ||||||
Hawaii State, Department of Budget & Finance, Ser B, RB | ||||||||
775 | 5.000%, 07/01/28 | 777 | ||||||
Hawaii State, Department of Hawaiian Home Lands, Kapolie Office Facilities, Ser A, COP | ||||||||
150 | 5.000%, 11/01/24 | 155 | ||||||
530 | 5.000%, 11/01/26 | 576 |
March 31, 2023 | www.bishopstreetfunds.com |
(unaudited)
Face Amount (000) | Value (000) | |||||||
Hawaii — (continued) | ||||||||
$ | 240 | Hawaii State, Department of Hawaiian Home Lands, RB 5.000%, 04/01/24 | $ | 245 | ||||
590 | 5.000%, 04/01/25 | 617 | ||||||
550 | 5.000%, 04/01/27 | 604 | ||||||
165 | 5.000%, 04/01/29 | 179 | ||||||
30 | 5.000%, 04/01/30 | 33 | ||||||
115 | 5.000%, 04/01/31 | 124 | ||||||
10 | 3.000%, 04/01/32 | 10 | ||||||
Hawaii State, Department of Transportation, Airports System, COP, AMT | ||||||||
500 | 5.250%, 08/01/25 | 503 | ||||||
1,055 | 5.000%, 08/01/27 | 1,059 | ||||||
2,075 | 5.000%, 08/01/28 | 2,083 | ||||||
Hawaii State, Harbor System Revenue, Ser A, RB, AMT | ||||||||
1,005 | 5.000%, 07/01/24 | 1,032 | ||||||
1,000 | 5.000%, 07/01/26 | 1,061 | ||||||
475 | 4.000%, 07/01/36 | 480 | ||||||
Hawaii State, Harbor System Revenue, Ser C, RB | ||||||||
1,255 | 4.000%, 07/01/32 | 1,346 | ||||||
85 | 4.000%, 07/01/38 | 87 | ||||||
1,010 | 4.000%, 07/01/39 | 1,023 | ||||||
800 | 4.000%, 07/01/40 | 804 | ||||||
Hawaii State, Highway Revenue, RB | ||||||||
1,110 | 5.000%, 01/01/37 | 1,264 | ||||||
380 | 5.000%, 01/01/40 | 425 | ||||||
Hawaii State, Highway Revenue, Ser A, RB | ||||||||
125 | 5.000%, 01/01/24 | 127 | ||||||
215 | 5.000%, 01/01/25 | 221 | ||||||
1,025 | 5.000%, 01/01/30 | 1,114 | ||||||
1,045 | 5.000%, 01/01/33 | 1,074 | ||||||
510 | 4.000%, 01/01/32 | 530 | ||||||
250 | 4.000%, 01/01/36 | 256 | ||||||
Hawaii State, Highway Revenue, Ser B, RB | ||||||||
260 | 5.000%, 01/01/24 | 265 | ||||||
Hawaii State, Ser EH, GO | ||||||||
1,005 | 5.000%, 08/01/23, Pre-Refunded @ 100 (A) | 1,012 | ||||||
Hawaii State, Ser EH-2017, GO | ||||||||
95 | 5.000%, 08/01/23 (B) | 96 | ||||||
Hawaii State, Ser EO, GO | ||||||||
1,475 | 5.000%, 08/01/24, Pre-Refunded @ 100 (A) | 1,522 | ||||||
1,210 | 5.000%, 08/01/29 | 1,248 | ||||||
1,105 | 5.000%, 08/01/30 | 1,139 |
March 31, 2023 | www.bishopstreetfunds.com |
Hawaii Municipal Bond Fund
Face Amount (000) | Value (000) | |||||||
Hawaii — (continued) | ||||||||
$ | 115 | Hawaii State, Ser EP, GO 5.000%, 08/01/24, Pre-Refunded @ 100 (A) | $ | 119 | ||||
450 | Hawaii State, Ser ET, GO 5.000%, 10/01/25, Pre-Refunded @ 100 (A) | 478 | ||||||
2,000 | 4.000%, 10/01/26 | 2,074 | ||||||
Hawaii State, Ser FB, GO | ||||||||
50 | 4.000%, 04/01/29 | 52 | ||||||
Hawaii State, Ser FG, GO | ||||||||
150 | 5.000%, 10/01/27 | 163 | ||||||
125 | 5.000%, 10/01/28 | 136 | ||||||
560 | 5.000%, 10/01/30 | 609 | ||||||
235 | 5.000%, 10/01/31 | 256 | ||||||
Hawaii State, Ser FH, GO | ||||||||
120 | 5.000%, 10/01/27 | 130 | ||||||
175 | 4.000%, 10/01/31 | 182 | ||||||
Hawaii State, Ser FK, GO | ||||||||
2,005 | 5.000%, 05/01/29 | 2,208 | ||||||
Hawaii State, Ser FN-REF, GO | ||||||||
685 | 5.000%, 10/01/30 | 761 | ||||||
Hawaii State, Ser FT, GO | ||||||||
210 | 5.000%, 01/01/30 | 234 | ||||||
855 | 5.000%, 01/01/31 | 953 | ||||||
Hawaii State, Ser FW, GO | ||||||||
1,000 | 5.000%, 01/01/30 | 1,141 | ||||||
2,040 | 5.000%, 01/01/37 | 2,259 | ||||||
1,280 | 5.000%, 01/01/39 | 1,404 | ||||||
650 | 4.000%, 01/01/37 | 670 | ||||||
Honolulu Hawaii City & County, Board of Water Supply, RB | ||||||||
215 | 5.000%, 07/01/34 | 263 | ||||||
140 | 5.000%, 07/01/36 | 166 | ||||||
400 | 5.000%, 07/01/42 | 455 | ||||||
Honolulu Hawaii City & County, Board of Water Supply, Ser A, RB | ||||||||
100 | 5.000%, 07/01/24 | 103 | ||||||
250 | 5.000%, 07/01/24, Pre-Refunded @ 100 (A) | 258 | ||||||
1,000 | 5.000%, 07/01/25 | 1,029 | ||||||
100 | 5.000%, 07/01/27 | 111 | ||||||
900 | 5.000%, 07/01/28 | 1,019 | ||||||
400 | 5.000%, 07/01/34 | 483 | ||||||
1,000 | 4.000%, 07/01/38 | 1,031 | ||||||
1,000 | 4.000%, 07/01/40 | 1,017 |
March 31, 2023 | www.bishopstreetfunds.com |
(unaudited)
Face Amount (000) | Value (000) | |||||||
Hawaii — (continued) | ||||||||
Honolulu Hawaii City & County, GO | ||||||||
$ | 135 | 5.000%, 09/01/23 | $ | 136 | ||||
265 | 4.000%, 09/01/33 | 283 | ||||||
710 | 3.000%, 07/01/33 | 710 | ||||||
1,330 | 3.000%, 07/01/34 | 1,321 | ||||||
Honolulu Hawaii City & County, Ser A, GO | ||||||||
1,000 | 5.000%, 10/01/23 | 1,012 | ||||||
700 | 5.000%, 11/01/23 | 710 | ||||||
360 | 5.000%, 10/01/29 | 382 | ||||||
800 | 5.000%, 10/01/31 | 848 | ||||||
575 | 5.000%, 09/01/32 | 637 | ||||||
1,440 | 5.000%, 10/01/32 | 1,522 | ||||||
275 | 5.000%, 10/01/36 | 288 | ||||||
1,570 | 5.000%, 10/01/37 | 1,640 | ||||||
1,175 | 5.000%, 09/01/38 | 1,288 | ||||||
755 | 4.000%, 07/01/34 | 817 | ||||||
960 | 4.000%, 07/01/41 | 974 | ||||||
Honolulu Hawaii City & County, Ser B, GO | ||||||||
650 | 5.000%, 07/01/37 | 752 | ||||||
Honolulu Hawaii City & County, Ser C, GO | ||||||||
800 | 5.000%, 08/01/34 | 914 | ||||||
500 | 5.000%, 07/01/38 | 561 | ||||||
1,400 | 5.000%, 08/01/44 | 1,521 | ||||||
1,000 | 4.000%, 10/01/32 | 1,036 | ||||||
110 | 4.000%, 10/01/33 | 113 | ||||||
170 | 3.000%, 10/01/28 | 172 | ||||||
Honolulu Hawaii City & County, Ser F, GO | ||||||||
625 | 5.000%, 07/01/33 | 729 | ||||||
Honolulu Hawaii City & County, Wastewater System Revenue, RB | ||||||||
1,000 | 5.000%, 07/01/25, Pre-Refunded @ 100 (A) | 1,053 | ||||||
530 | 5.000%, 07/01/39 | 584 | ||||||
Honolulu Hawaii City & County, Wastewater System Revenue, Ser A, RB | ||||||||
500 | 5.000%, 07/01/27 | 554 | ||||||
360 | 5.000%, 07/01/31 | 388 | ||||||
500 | 5.000%, 07/01/34 | 597 | ||||||
575 | 5.000%, 07/01/49 | 619 | ||||||
1,420 | 4.000%, 07/01/39 | 1,438 | ||||||
1,000 | 4.000%, 07/01/44 | 999 |
March 31, 2023 | www.bishopstreetfunds.com |
Hawaii Municipal Bond Fund
Face Amount (000) | Value (000) | |||||||
Hawaii — (continued) | ||||||||
Honolulu Hawaii City & County, Wastewater System Revenue, Ser B, RB | ||||||||
$ | 240 | 4.000%, 07/01/29 | $ | 252 | ||||
115 | 4.000%, 07/01/32 | 120 | ||||||
Honolulu Hawaii City & County, Wastewater System Revenue, Ser S, RB | ||||||||
160 | 5.000%, 07/01/27 | 169 | ||||||
Kauai County, GO | ||||||||
175 | 5.000%, 08/01/26 | 190 | ||||||
75 | 5.000%, 08/01/27 | 83 | ||||||
140 | 5.000%, 08/01/28 | 155 | ||||||
25 | 5.000%, 08/01/30 | 28 | ||||||
340 | 5.000%, 08/01/37 | 369 | ||||||
150 | 4.000%, 08/01/32 | 159 | ||||||
125 | 4.000%, 08/01/33 | 132 | ||||||
10 | 3.000%, 08/01/38 | 9 | ||||||
Maui County, GO | ||||||||
460 | 5.000%, 03/01/24 | 470 | ||||||
430 | 5.000%, 03/01/27 | 473 | ||||||
450 | 5.000%, 03/01/29 | 517 | ||||||
1,550 | 5.000%, 03/01/34 | 1,834 | ||||||
400 | 5.000%, 03/01/38 | 457 | ||||||
450 | 4.000%, 03/01/36 | 474 | ||||||
500 | 3.000%, 06/01/27 | 500 | ||||||
Maui County, RB | ||||||||
500 | 3.250%, 09/01/36 | 494 | ||||||
University of Hawaii, Ser B, RB | ||||||||
1,510 | 5.000%, 10/01/34 | 1,580 | ||||||
1,000 | 4.000%, 10/01/23 | 1,007 | ||||||
830 | 3.000%, 10/01/28 | 836 | ||||||
University of Hawaii, Ser D, RB | ||||||||
700 | 4.000%, 10/01/32 | 759 | ||||||
250 | 4.000%, 10/01/33 | 269 | ||||||
100 | 3.000%, 10/01/30 | 100 | ||||||
University of Hawaii, Ser E, RB | ||||||||
1,485 | 5.000%, 10/01/25 | 1,574 | ||||||
1,430 | 5.000%, 10/01/32 | 1,530 | ||||||
University of Hawaii, Ser F, RB | ||||||||
100 | 5.000%, 10/01/27 | 111 | ||||||
600 | 5.000%, 10/01/33 | 660 |
March 31, 2023 | www.bishopstreetfunds.com |
(unaudited)
Face Amount (000) | Value (000) | |||||||
Hawaii — (continued) | ||||||||
$ | 2,425 | 5.000%, 10/01/35 | $ | 2,645 | ||||
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113,765 | ||||||||
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New York — 0.1% | ||||||||
105 | New York City, Metropolitan Transportation Authority, Ser B, RB 5.000%, 11/15/23 | 106 | ||||||
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Oklahoma — 0.5% | ||||||||
500 | Comanche County, Educational Facilities Authority, Ser A, RB 5.000%, 12/01/30 | 556 | ||||||
19 | Oklahoma State, Development Finance Authority, RB 5.000%, 06/01/44 | 19 | ||||||
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575 | ||||||||
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Texas — 0.9% | ||||||||
1,000 | Tomball City, Independent School District, GO, PSF-GTD Insured 5.000%, 02/15/28 | 1,042 | ||||||
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TOTAL MUNICIPAL BONDS (Cost $121,787) | 116,729 | |||||||
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Shares | ||||||||
CASH EQUIVALENT — 0.8% | ||||||||
951,501 | First American Treasury Obligations Fund, Cl X, 4.722% (C) (Cost $952) | 952 | ||||||
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TOTAL INVESTMENTS (Cost $122,739) —99.0% | $ | 117,681 | ||||||
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Percentages are based on Net Assets of $118,821 (000).
(A) | Pre-Refunded Security —The maturity date shown is the pre-refunded date. |
(B) | Escrowed to maturity. |
(C) | The rate reported is the 7-day effective yield as of March 31, 2023. |
AMT—Alternative Minimum Tax
Cl—Class
COP—Certificate of Participation
GO—General Obligation
March 31, 2023 | www.bishopstreetfunds.com |
Hawaii Municipal Bond Fund
PSF-GTD—Guaranteed by Permanent School Fund
RB—Revenue Bond
Ser—Series
Cost figures are shown in thousands.
BSF-QH-001-4000
March 31, 2023 | www.bishopstreetfunds.com |