Bishop Street Funds
12/29/2025 | Press release | Distributed by Public on 12/29/2025 13:55
Prospectus by Investment Company (Form 497)
BISHOP STREET FUNDS
Hawaii Municipal Bond Fund
(Class A Shares Ticker Symbol: BHIAX)
Supplement dated December 29, 2025, to:
| · | The Class A Shares Summary Prospectus (the "Class A Summary Prospectus") and the Class A Shares Statutory Prospectus (the "Class A Statutory Prospectus") for the Hawaii Municipal Bond Fund, each dated May 1, 2025(collectively, the "Prospectuses"), as supplemented. |
This supplement provides new and additional information beyond that contained in the Prospectuses and should be read in conjunction with the Prospectuses.
Effective January 1, 2026, the front-end sales charges for the Class A Shares of the Hawaii Municipal Bond Fund (the "Fund") are being lowered as reflected below. Accordingly, effective immediately, the Prospectuses are hereby amended and supplemented as described below.
1. In the "Fees and Expenses" section, the "Maximum Sales Charge (Load) Imposed on Purchases" information on page 2 of the Class A Statutory Prospectus and page 2 of the Class A Summary Prospectus is replaced in its entirety with the following:
|
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
1.50% |
2. In the "Fees and Expenses" section, the Example is replaced in its entirety with the following:
Example
This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund's operating expenses (including one year of capped expenses in each period) remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
| 1 Year | 3 Years | 5 Years | 10 Years |
| $230 | $488 | $766 | $1,558 |
3. In the "Sales Charge" section of the Class A Statutory Prospectus, the table included under the subsection entitled "Front-End Sales Charges - Class A Shares" on page 13 is replaced in its entirety with the following:
The amount of any front-end sales charge included in your offering price for Class A Shares varies, depending on the amount of your investment:
| If Your Investment is: |
Your Sales Charge Offering Price |
Your Sales Charge Your Net Investment |
| Less than $50,000 | 1.50% | 1.52% |
| $50,000 but less than $100,000 | 1.25% | 1.27% |
| $100,000 but less than $250,000 | 1.00% | 1.01% |
| $250,000 and above | 0.00% | 0.00% |
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
BSF-SK-027-0100
BISHOP STREET FUNDS
Hawaii Municipal Bond Fund
(Class A Shares Ticker Symbol: BHIAX)
(Class I Shares Ticker Symbol: BSHIX)
Supplement dated December 29, 2025, to:
| · | The Statement of Additional Information for the Hawaii Municipal Bond Fund, dated May 1, 2025 (the "SAI"), as supplemented. |
This supplement provides new and additional information beyond that contained in the SAI and should be read in conjunction with the SAI.
Effective January 1, 2026, in the "Distributor" section of the SAI, the table in the sub-section entitled "Dealer Reallowances" on page S-23 is replaced in its entirety with the following:
With respect to the Fund, depending upon the amount of an investment in Class A Shares, the front-end sales charge reallowed to dealers will vary as follows:
|
Investment Amount: |
Dealer Reallowance as a Percentage of Offering Price |
| Less than $50,000 | 1.50% |
| $50,000 but less than $100,000 | 1.25% |
| $100,000 but less than $250,000 | 1.00% |
| $250,000 and over | 0.00% |
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
BSF-SK-028-0100
Bishop Street Funds published this content on December 29, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on December 29, 2025 at 19:55 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]