The KP Funds

Managed by  Callan

Fund Lineup

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.

The table below is designed to provide a high level overview of the current asset allocation for each of the 11 KP Retirement Path Funds. Keep in mind that this asset allocation will change over time, becoming more conservative as the fund approaches its target date.

  Fund Asset Allocation  
Fund Equity Real Assets Fixed Income Overall Risk Level
2065 83.1% 4.9% 11.9% Moderate–Aggressive
2060 83.6% 5.1% 11.3% Moderate–Aggressive
2055 83.6% 5.1% 11.3% Moderate–Aggressive
2050 82.2% 5.1% 12.7% Moderate–Aggressive
2045 79.5% 5.7% 14.7% Moderate–Aggressive
2040 75.1% 7.4% 17.4% Moderate–Aggressive
2035 68.1% 9.4% 22.5% Moderate–Aggressive
2030 58.8% 11.9% 29.3% Moderate
2025 48.2% 14.2% 37.6% Moderate
2020 37.4% 16.4% 46.3% Moderate
Retirement Income 27.3% 18.1% 54.5% Conservative–Moderate

KP Core Funds

The KP Core Funds (also called "KP Asset Class Funds") form the core building blocks for the KP Retirement Path Funds. Each of the four funds is dedicated to a specific broad asset class including: Large Cap Equity, Small Cap Equity, International Equity, and Fixed Income. Only the KP Small Cap Equity Fund is available for direct investment.

Fund Overall Risk Level Overall Growth Level
KP Large Cap Equity Fund Aggressive High
KP Small Cap Equity Fund Aggressive High
KP International Equity Fund Aggressive High
KP Fixed Income Fund Conservative Moderate

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 by visiting the website at Please read the prospectus carefully before investing.

The KP Retirement Path Funds and the KP Core 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.