KP International Equity Fund
The fund seeks long-term capital appreciation primarily through investments in a diversified portfolio of non-U.S. equity securities.
The fund seeks to out-perform the MSCI All Country World Index ex-US Investable Market 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 will invest at least 80% of its net assets in equity securities. Equity securities consist of common stocks, depository receipts, and derivatives with economic characteristics similar to equity securities. The fund currently intends to invest primarily in the equity markets listed in the MSCI All Country World Index ex-US Investable Market Index, and currently intends to invest more than 25% of the fund's net assets in each of Europe (including the United Kingdom) and Asia (including Japan). The fund may invest in companies of any size. Callan considers "long-term capital appreciation" to be capital appreciation over a period of greater than five years. The fund principally invests in securities issued by 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. 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.