# EDGAR Filing Document

**Accession Number:** 0000925737
**File Stem:** 0001398344-25-023000
**Filing Date:** 2025-12
**Character Count:** 4218
**Document Hash:** cf6857ca0f364667a020f3a0eb15b739
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-023000.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001398344-25-023000

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**EFFECTIVENESS DATE**: 20251229

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BISHOP STREET FUNDS
- **CENTRAL INDEX KEY:** 0000925737

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-80514
- **FILM NUMBER:** 251608690

**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

## Series and Classes Contracts Data

### HAWAII MUNICIPAL BOND FUND (Series ID: S000005797)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000015931 | CLASS A SHARES | BHIAX           |

**BISHOP STREET FUNDS**

**Hawaii Municipal Bond Fund**

**(Class A Shares Ticker Symbol: BHIAX)**

**Supplement dated December 29, 2025, to:**

&nbsp;&nbsp;&nbsp;&nbsp;· **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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*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 <br> (as a percentage of offering price) | 1.50% |

---

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*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 | $1558 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*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<br> as a Percentage of**<br> **Offering Price** | **Your Sales Charge<br> as a Percentage of**<br> **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