The KP Funds

Managed by  Callan

KP Fixed Income Fund

Investment Objective

The fund seeks to provide current income consistent with the preservation of capital.

Investment Strategy

The fund seeks to out-perform the Barclays Capital Aggregate Index over time by employing a "multi-manager" approach, whereby the fund's advisor, Callan LLC ("Callan"), allocates the fund's assets among a number of experienced sub-advisors with differing investment philosophies and strategies. Callan selects sub-advisors and allocates fund assets among them to maintain the fund's target allocation to each strategy. Sub-advisors generally are selected and retained based on the following factors: Callan's view regarding their expected contribution to excess return; their performance in managing the fund's assets pursuant to their respective sub-strategies; Callan's confidence in their investment process, personnel, investment resources, and organizational stability; Callan's belief in their ability to take on additional assets without undermining future fund performance; and Callan's confidence in the robustness of their operational, back-office, trading, and compliance platforms. Each sub-advisor invests the portion of the fund's assets allocated to it under the general supervision of Callan.

Under normal circumstances, the fund invests at least 80% of its net assets in fixed income securities. Fixed income securities consist of corporate bonds issued by U.S. and foreign companies; residential and commercial mortgage-backed securities and other asset-backed securities; mortgage dollar rolls; debt securities issued or guaranteed by the U.S. government and foreign governments and their agencies and instrumentalities, political subdivisions of foreign governments, and supranational organizations; taxable municipal securities; commercial paper issued by U.S. and foreign companies; convertible bonds; senior, second lien and subordinated floating rate loans; floating rate debt securities; and derivatives with economic characteristics similar to fixed income securities. The fund currently intends to invest more than 25% of its net assets in U.S. government securities and principally invests in securities issued by domestic and foreign issuers.

The KP Core Funds serve as core building blocks for the KP Retirement Path Funds. Only the KP Small Cap Equity Fund is available for direct investment. 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.

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.

There can be no assurance that a Fund will achieve its stated objectives. Diversification is not guaranteed to protect against market loss.

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.

Fund Advisor


Fund Administrator

SEI Investments Global Fund Services

Asset Class

Fixed Income



Gross Expense Ratio


Net Expense Ratio