The KP Funds

Managed by  Callan

KP Fixed Income Fund

Fund Characteristics
as of September 30, 2019

Current Allocation

Sub-Advisor Strategy Percentage
Credit Suisse Senior Floating Rate Loans 10%
Loomis, Sayles & Company, L.P. Core Fixed Income 50%
Payden & Rygel Emerging Markets Debt 10%
SSGA Funds Management Bloomberg Barclays U.S. Aggregate 30%

Fund Characteristics

(Not Currently Available)

Sector Allocation

(Not Currently Available)

Top 10 Holdings

(Not Currently Available)

Performance*
as of September 30, 2019

Average Annual Total Return

Last Quarter Last Year Last 3 Years Last 5 Years Since Inception**
KP Fixed Income Fund 1.93% 9.47% 3.29% 3.58% 3.40%
Barclays Aggregate Index 2.27% 10.30% 2.93% 3.38%
Morningstar US Fund Intermediate Core-Plus Bond 2.06% 9.66% 3.19% 3.31%

* The 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.

** The inception date for the KP Fixed Income Fund is January 10, 2014.

Barclays Aggregate Bond Index: The Barclays Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM passthroughs), ABS, and CMBS.

Morningstar Intermediate Term Bond Funds Median: Represents the median return for the Morningstar Intermediate Term Bond Funds group, which is comprised of funds that invest primarily in corporate and other investment-grade U.S. fixed-income issues and typically have durations of 3.5 to 6.0 years. These portfolios are less sensitive to interest rates, and therefore less volatile, than portfolios that have longer durations. Morningstar calculates monthly breakpoints using the effective duration of the Morningstar Core Bond Index in determining duration assignment. Intermediate-term is defined as 75% to 125% of the three-year average effective duration of the MCBI.

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.