Bishop Street Hawaii Municipal Bond Fund (BSHIX)
The investment seeks to provide high current income exempt from federal and Hawaii state income taxes. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investment grade municipal bonds, the interest from which is exempt from regular federal and Hawaii state income taxes. It may also invest in municipal bonds issued by other U.S. states, territories and possessions. There is no limit on the average maturity of the fund's portfolio.
Fund Info
US0914722097
Feb 15, 1995
$1,000,000
Expense Ratio
BSHIX has an expense ratio of 0.55%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Bishop Street Hawaii Municipal Bond Fund (BSHIX) returned -0.54% year-to-date (YTD) and 2.13% over the past 12 months. Over the past 10 years, BSHIX returned 1.23% annually, underperforming the S&P 500 benchmark at 10.84%.
BSHIX
-0.54%
0.31%
-1.07%
2.13%
0.93%
-0.29%
1.23%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of BSHIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.41% | 0.78% | -1.21% | -0.41% | -0.10% | -0.54% | |||||||
| 2024 | -0.10% | 0.07% | -0.12% | -0.62% | -0.22% | 1.01% | 0.71% | 0.61% | 0.79% | -1.11% | 1.21% | -0.82% | 1.38% |
| 2023 | 1.97% | -1.90% | 1.76% | -0.35% | -0.74% | 0.67% | 0.26% | -2.34% | -2.00% | -0.99% | 4.75% | 1.52% | 2.42% |
| 2022 | -2.20% | -0.46% | -2.59% | -2.07% | 0.89% | -1.10% | 1.93% | -1.84% | -2.79% | -0.27% | 3.34% | 0.24% | -6.88% |
| 2021 | 0.41% | -1.34% | 0.31% | 0.69% | 0.22% | 0.13% | 0.58% | -0.25% | -0.65% | -0.17% | 0.55% | 0.05% | 0.51% |
| 2020 | 1.48% | 0.89% | -2.31% | -0.96% | 2.81% | 0.15% | 1.07% | -0.40% | 0.06% | -0.22% | 0.89% | 0.41% | 3.85% |
| 2019 | 0.70% | 0.38% | 1.07% | 0.21% | 1.16% | 0.39% | 0.76% | 1.31% | -0.75% | 0.08% | 0.08% | 0.18% | 5.71% |
| 2018 | -0.93% | -0.48% | 0.20% | -0.38% | 0.98% | 0.01% | 0.30% | 0.02% | -0.57% | -0.36% | 0.90% | 0.99% | 0.67% |
| 2017 | 0.59% | 0.57% | 0.20% | 0.68% | 1.25% | -0.46% | 0.57% | 0.67% | -0.65% | 0.10% | -0.65% | 0.83% | 3.75% |
| 2016 | 1.15% | 0.02% | 0.12% | 0.66% | 0.02% | 1.39% | 0.11% | 0.02% | -0.42% | -0.80% | -3.32% | 0.62% | -0.51% |
| 2015 | 1.79% | -1.07% | 0.13% | -0.33% | -0.23% | -0.06% | 0.60% | 0.22% | 0.54% | 0.30% | 0.21% | 0.59% | 2.72% |
| 2014 | 1.38% | 0.77% | -0.15% | 0.98% | 1.06% | 0.04% | 0.22% | 0.97% | 0.04% | 0.59% | 0.04% | 0.18% | 6.28% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BSHIX is 34, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Bishop Street Hawaii Municipal Bond Fund (BSHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Bishop Street Hawaii Municipal Bond Fund provided a 2.36% dividend yield over the last twelve months, with an annual payout of $0.23 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.23 | $0.23 | $0.18 | $0.11 | $0.16 | $0.24 | $0.25 | $0.26 | $0.26 | $0.30 | $0.36 | $0.30 |
Dividend yield | 2.36% | 2.33% | 1.84% | 1.15% | 1.51% | 2.16% | 2.32% | 2.47% | 2.45% | 2.88% | 3.33% | 2.80% |
Monthly Dividends
The table displays the monthly dividend distributions for Bishop Street Hawaii Municipal Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.07 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2023 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2021 | $0.03 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.16 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.24 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.26 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.05 | $0.30 |
| 2015 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.09 | $0.36 |
| 2014 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.04 | $0.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Bishop Street Hawaii Municipal Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Bishop Street Hawaii Municipal Bond Fund was 10.89%, occurring on Oct 30, 2023. The portfolio has not yet recovered.
The current Bishop Street Hawaii Municipal Bond Fund drawdown is 4.29%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.89% | Aug 6, 2021 | 562 | Oct 30, 2023 | — | — | — |
| -10.04% | Jan 24, 2008 | 184 | Oct 15, 2008 | 61 | Jan 13, 2009 | 245 |
| -9.72% | Mar 10, 2020 | 9 | Mar 20, 2020 | 92 | Jul 31, 2020 | 101 |
| -6.22% | Sep 1, 2010 | 95 | Jan 14, 2011 | 137 | Aug 2, 2011 | 232 |
| -5.75% | Dec 10, 2012 | 186 | Sep 5, 2013 | 174 | May 15, 2014 | 360 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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