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.


Fund Advisor

Callan

Fund Administrator

SEI Investments Global Fund Services

Asset Class

Fixed Income

Ticker

KPFIX

Gross Expense Ratio

0.29%

Net Expense Ratio

0.29%


Fund Characteristics

as of June 30, 2020

Current Allocation
Sub-AdvisorStrategyPercentage
Credit SuisseSenior Floating Rate Loans10%
Loomis, Sayles & Company, L.P. Core Fixed Income55%
Payden & RygelEmerging Markets Debt10%
SSGA Funds ManagementBloomberg Barclays U.S. Aggregate24%
Strategy
Senior Floating Rate Loans
Percentage
10%
Strategy
Core Fixed Income
Percentage
55%
Strategy
Emerging Markets Debt
Percentage
10%
Strategy
Bloomberg Barclays U.S. Aggregate
Percentage
24%
Fund Characteristics

(Not Currently Available)

Sector Allocation

(Not Currently Available)

Top 10 Holdings

(Not Currently Available)

Performance1

as of June 30, 2020

Average Annual Total Return
NameLast QuarterLast
Year
Last 3
Years
Last 5
Years
Since
Inception2
KP Fixed Income Fund5.32%7.20%4.95%4.28%3.81%
Barclays Aggregate Index2.90%8.74%5.32%4.30%
Morningstar US Fund Intermediate Core-Plus Bond5.61%7.27%4.75%4.02%
Last Quarter
5.32%
Last Year
7.20%
Last 3 Years
4.95%
Last 5 Years
4.28%
Since Inception
3.81%
Last Quarter
2.90%
Last Year
8.74%
Last 3 Years
5.32%
Last 5 Years
4.30%
Since Inception
Last Quarter
5.61%
Last Year
7.27%
Last 3 Years
4.75%
Last 5 Years
4.02%
Since Inception

1 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.

2 The inception date for the KP Large Cap Equity 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. 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.

Fund Risks

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.

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;

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;

Convertible bonds have many of the same risks as stocks and may be more sensitive to changes in interest rates than stocks;

The use of derivatives are often more volatile than other investments and magnify the fund’s gains or losses.

SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA, 19456) is the distributor for the KP Funds. Check the background of SIDCO on FINRA’s BrokerCheck.