Posted on: Sunday, September 19, 2004
HAWAI'I MARKET WATCH
First Pacific Mutual Fund  Hawai'i Muni bonds
Advertiser Staff
| Ticker: | SURFX | 
| Friday’s close: | $11.21, down 1 cent | 
| Investment: | Hawai'i municipal bonds | 
| Maturity: | Long-term (more than 10 years) | 
| 1-year return: | 5.39 percent | 
| 5-year return: | 5.39 percent | 
| Total assets: | $145 million | 
| Expense ratio/12b-1 fee: | 1.16 percent | 
| Load/Early withdrawal: | None | 
| Management fee: | 0.5 percent | 
| Morningstar rating: | 4 out of 5 stars | 
	
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| 
			 
				Company Name 
		 | 
		
			 
				Ticker 
		 | 
		
			 
				Exchange 
		 | 
		
			 
				Industry 
		 | 
		
			 
				Fri. 
		Close  | 
		
			 
				52 Wk High 
		 | 
		
			 
				52 Wk Low 
		 | 
		
			 
				Market Cap 
		 | 
	
| Alexander & Baldwin | 
			 
				ALEX 
		 | 
		
			 
				Nasdaq 
		 | 
		
			 
				Marine trans., real estate 
		 | 
		
			 
				33.72 
		 | 
		
			 
				35.14 
		 | 
		
			 
				27.55 
		 | 
		
			 
				1.43 billion 
		 | 
	
| Bank of Hawaii | 
			 
				BOH 
		 | 
		
			 
				NYSE 
		 | 
		
			 
				Financial services 
		 | 
		
			 
				47.02 
		 | 
		
			 
				48.07 
		 | 
		
			 
				33.23 
		 | 
		
			 
				2.47 billion 
		 | 
	
| Barnwell Industries | 
			 
				BRN 
		 | 
		
			 
				AMEX 
		 | 
		
			 
				Oil and natural gas 
		 | 
		
			 
				44.5 
		 | 
		
			 
				50.00 
		 | 
		
			 
				24.70 
		 | 
		
			 
				59.2 million 
		 | 
	
| Central Pacific Financial | 
			 
				CPF 
		 | 
		
			 
				NYSE 
		 | 
		
			 
				Financial services 
		 | 
		
			 
				28.0 
		 | 
		
			 
				30.50 
		 | 
		
			 
				22.80 
		 | 
		
			 
				785 million 
		 | 
	
| Cyanotech Corp. | 
			 
				CYAN 
		 | 
		
			 
				Nasdaq SC 
		 | 
		
			 
				Nutritional suppls. 
		 | 
		
			 
				1.31 
		 | 
		
			 
				2.30 
		 | 
		
			 
				0.36 
		 | 
		
			 
				27.2 million 
		 | 
	
| Hawaiian Electric Industries | 
			 
				HE 
		 | 
		
			 
				NYSE 
		 | 
		
			 
				Utility, financial services 
		 | 
		
			 
				26.28 
		 | 
		
			 
				26.88 
		 | 
		
			 
				21.66 
		 | 
		
			 
				2.12 billion 
		 | 
	
| Hawaiian Holdings | 
			 
				HA 
		 | 
		
			 
				AMEX 
		 | 
		
			 
				Airlines 
		 | 
		
			 
				7.7 
		 | 
		
			 
				8.75 
		 | 
		
			 
				1.00 
		 | 
		
			 
				219.1 million 
		 | 
	
| Maui Land & Pineapple | 
			 
				MLP 
		 | 
		
			 
				AMEX 
		 | 
		
			 
				Agr. 
		 | 
		
			 
				29.58 
		 | 
		
			 
				39.65 
		 | 
		
			 
				23.93 
		 | 
		
			 
				217 million 
		 | 
	
| Mera Pharmaceuticals | 
			 
				MRPI 
		 | 
		
			 
				OTC BB 
		 | 
		
			 
				Biomed. 
		 | 
		
			 
				0.023 
		 | 
		
			 
				0.06 
		 | 
		
			 
				0.02 
		 | 
		
			 
				9.4 million 
		 | 
	
| ML Macadamia Orchards | 
			 
				NUT 
		 | 
		
			 
				NYSE 
		 | 
		
			 
				Agr. 
		 | 
		
			 
				3.85 
		 | 
		
			 
				4.77 
		 | 
		
			 
				3.28 
		 | 
		
			 
				28.9 million 
		 | 
	



