KP Retirement Path 2050 Fund
Fund Characteristics
as of December 31, 2019
Current Allocation
Portfolio Holdings
| Underlying Fund | Ticker | Asset Class | Percentage |
|---|---|---|---|
| KP Large Cap Equity Fund | KPLCX | Large Cap Equity | 38.3% |
| KP Small Cap Equity Fund | KPSCX | Small Cap Equity | 14.0% |
| KP International Equity Fund | KPIEX | International Equity | 30.5% |
| KP Fixed Income Fund | KPFIX | Fixed Income | 12.3% |
| DFA International Real Estate Securities Fund | DFITX | Real Assets | 0.5% |
| DFA Real Estate Securities | DFREX | Real Assets | 1.0% |
| Lazard Global Listed Infrastructure Fund | GLIFX | Real Assets | 0.5% |
| T. Rowe Price New Era Fund | TRNEX | Real Assets | 0.5% |
| DFA Commodity Strategy Fund | DCMSX | Real Assets | 0.5% |
| T. Rowe Price Institutional Floating Rate Fund | RPIFX | Real Assets | 0.5% |
| Vanguard Inflation-Protected Securities Fund | VIPIX | Real Assets | 1.4% |
| Vanguard Short-Term Bond Index Fund | VBIPX | Short-Term Fixed Income | 0.0% |
Performance1
as of December 31, 2019
Average Annual Total Return
| Last Quarter | Last Year | Last 3 Years | Last 5 Years | Since 1/31/142 | Since Inception3 | |
|---|---|---|---|---|---|---|
| KP Retirement Path 2050 Fund | 7.55% | 23.52% | 11.55% | 8.34% | 8.23% | 7.59% |
| S&P 500 Index | 9.07% | 31.49% | 15.27% | 11.70% | 12.88% | 12.14% |
| 2050 Fund Benchmark | 7.75% | 24.03% | 10.95% | 7.95% | 8.11% | 7.53% |
1The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth less than their original cost and current performance may be lower than the performance quoted. Returns greater than one year are average annual total returns. For performance data current to the most recent month end, please call 855-4-KPFNDS.
2Participants in the Kaiser Permanente retirement plans could invest in the Fund beginning on January 31, 2014. The Fund's performance before January 31, 2014 did not impact those participants.
3The inception date for the KP Retirement Path 2050 Fund is January 10, 2014.
The S&P 500 Index is a free float-adjusted capitalization-weighted index comprised of equity securities issued by 500 of the largest U.S. companies.
The 2050 Fund Benchmark is a weighted-average of the returns for various market indices appropriate for each asset class in the KP Retirement Path 2050 Fund. The weight of each of these indices is equal to the currently targeted weight for the corresponding asset class in the fund.
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.