The KP Funds

Managed by  Callan

KP Retirement Path 2020 Fund

Fund Risks

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 from this website or by calling (855) 4-KPFNDS. 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 the funds will achieve their stated objectives. An investor may experience losses, at any time, including near, at, or after a fund's target retirement 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 retirement year in amounts adequate to meet the investor's goals or retirement needs.

The funds invest in a diversified combination of underlying mutual funds, thus are subject to the risks associated with their underlying funds, although each fund's exposure to a particular risk will be proportionate to the fund's overall asset allocation. In addition, diversification is not guaranteed to protect against market loss. Some of these risks are outlined below:

  • The prices of common stocks may fall over short or extended periods of time. In particular, growth stocks may be susceptible to rapid price swings, especially during periods of economic uncertainty;
  • Small and medium capitalization stocks may be more volatile than those of larger companies;
  • Bonds 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 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 country;
  • International investments are also subject to 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 underlying fund managers may accelerate the velocity of potential losses;
  • The use of derivatives are often more volatile than other investments and magnify the fund's gains or losses.