About the KP Retirement Path Funds
The KP Retirement Path Funds provide you with an all-in-one investment strategy to help you manage your retirement savings. Each of these 11 mutual funds is designed with a specific retirement date in mind. You simply choose the fund that best aligns with the year you turn 65 and then save appropriately.
Explore the Fund Lineup
All of the KP Retirement Path Funds invest in a diversified mix of asset classes and strategies, and employ an asset allocation that automatically adjusts to become increasingly conservative over time (this asset allocation pattern is commonly referred to as a "glidepath"). They are designed to help you achieve the appropriate balance between long-term capital growth, inflation protection, and current income for each stage of your savings career.
Each KP Retirement Path Fund invests in an underlying mix of different funds to form a broadly diversified mix of stocks (equities), bonds (fixed income investments), and real assets (such as commodities, infrastructure, and real estate). The underlying funds are managed by experienced advisors, each with a demonstrated expertise in their area of specialization.
All of the KP Retirement Path funds begin with a larger allocation to stocks when the target retirement date is far away, and gradually become more conservative (fewer stocks and more bonds and real assets) as the target retirement date approaches. Should you choose to retire significantly earlier or later than 65, you may want to consider a fund with an asset allocation more appropriate to your particular situation.
To determine if one of these funds is an appropriate investment for you, carefully consider the fund's investment objectives, risk factors, charges, and expenses before investing. This and other information may be found in the fund's summary and full prospectuses, which may be obtained by calling (855)4-KPFNDS or on this website. Please read the prospectus carefully before investing.
The KP Retirement Path Funds are mutual funds. They are part of The KP Funds Series Trust, an open-end management investment company that offers shares of diversified portfolios. The funds are advised by Callan LLC, a registered investment advisor. They are administered by SEI Investments Global Funds Services and distributed by SEI Investments Distribution Co., which are not affiliated with Callan.
Only participants in the Kaiser Permanente defined contribution plans can invest in the funds.
There can be no assurance that a Fund will achieve its stated objectives. An investor may experience losses, at any time, including near, at or after the Fund's target year. In addition, there is no guarantee that an investor's investment in the fund will provide any income at or through the years following the Fund's target year in amounts adequate to meet the investor's goals or retirement needs.
Investing involves risk including loss of principal. Bond and bond funds are subject to interest rate risk and will decline in value as interest rates rise. Mortgage-backed securities are subject to pre-payment and extension risk and therefore react differently to changes in interest rates than other bonds. Small movements in interest rates may quickly and significantly reduce the value of certain mortgage-backed securities. Non-investment grade bonds involve greater risks of default and are more volatile than investment grade securities, due to the speculative nature of the investment. International investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. These risks are heightened when investing in emerging markets or in a single state.
Currency risk is the risk that foreign currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency hedged. In either event, the dollar value of an investment in the Underlying Fund would be adversely affected. The use of leverage by the fund managers may accelerate the velocity of potential losses. Furthermore, the use of derivatives are often more volatile than other investments and magnify the Fund's gains or losses. Diversification does not protect against market loss.