KPREX: KP Retirement Path 2035 Institutional

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KPREX KP Retirement Path 2035 Institutional


Profile

KPREX - Profile

Vitals

  • YTD Return -18.8%
  • 3 Yr Annualized Return -4.1%
  • 5 Yr Annualized Return -2.0%
  • Net Assets $1.57 B
  • Holdings in Top 10 97.5%

52 WEEK LOW AND HIGH

$9.44
$8.62
$12.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.06%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 12.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date 2035

Distributions

  • YTD Total Return -19.8%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.26%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    KP Retirement Path 2035 Fund
  • Fund Family Name
    KP Funds
  • Inception Date
    Jan 10, 2014
  • Shares Outstanding
    144179240
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Gregory Allen

Fund Description

The fund invests in a combination of KP Asset Class Funds ("affiliated underlying funds") and other unaffiliated mutual funds. Its target date year (2035) refers to the approximate year an investor in the fund would plan to retire, would stop making new investments in the fund, and would plan to begin gradually withdrawing from the fund.


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Categories

Performance

KPREX - Performance

Return Ranking - Trailing

Period KPREX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.8% -22.6% 0.5% 91.71%
1 Yr -16.8% -23.7% 9.1% 90.55%
3 Yr -4.1%* -9.3% 2.8% 75.76%
5 Yr -2.0%* -5.9% 0.8% 54.09%
10 Yr N/A* -4.9% 4.2% N/A

* Annualized

Return Ranking - Calendar

Period KPREX Return Category Return Low Category Return High Rank in Category (%)
2019 14.0% -2.4% 20.5% 19.70%
2018 -12.7% -19.1% -3.6% 85.49%
2017 14.6% -12.3% 18.0% 11.95%
2016 4.5% -4.2% 7.1% 22.29%
2015 -3.5% -10.7% -0.3% 17.65%

Total Return Ranking - Trailing

Period KPREX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.8% -23.9% 0.5% 91.71%
1 Yr -17.8% -24.9% 9.1% 90.88%
3 Yr -1.0%* -9.8% 5.5% 49.69%
5 Yr 1.0%* -5.6% 5.2% 27.18%
10 Yr N/A* -5.0% 6.9% N/A

* Annualized

Total Return Ranking - Calendar

Period KPREX Return Category Return Low Category Return High Rank in Category (%)
2019 14.0% -2.4% 20.5% 19.70%
2018 -6.3% -19.1% -0.9% 44.93%
2017 18.9% -12.3% 22.2% 7.97%
2016 7.9% 0.2% 9.3% 10.82%
2015 -0.9% -9.4% 0.7% 24.09%

NAV & Total Return History


Holdings

KPREX - Holdings

Concentration Analysis

KPREX Category Low Category High KPREX % Rank
Net Assets 1.57 B 55.5 K 44.8 B 20.55%
Number of Holdings 14 1 581 70.32%
Net Assets in Top 10 1.61 B 55.5 K 44.8 B 20.55%
Weighting of Top 10 97.49% 55.5% 100.0% 18.92%

Top 10 Holdings

  1. KP Large Cap Equity Institutional 34.65%
  2. KP International Equity Institutional 23.15%
  3. KP Fixed Income Institutional 20.71%
  4. KP Small Cap Equity Institutional 10.43%
  5. Vanguard Inflation-Protected Secs I 2.56%
  6. DFA Real Estate Securities I 1.73%
  7. Vanguard Short-Term Bond Idx InstlPls 1.55%
  8. T. Rowe Price New Era I 0.92%
  9. Lazard Global Listed Infrastructure Inst 0.89%
  10. DFA Commodity Strategy Institutional 0.89%

Asset Allocation

Weighting Return Low Return High KPREX % Rank
Stocks
70.81% 0.00% 79.54% 9.28%
Bonds
26.20% -40.53% 79.60% 86.15%
Cash
2.67% -46.22% 112.41% 73.67%
Convertible Bonds
0.19% 0.00% 1.36% 73.36%
Other
0.10% -0.42% 100.02% 42.62%
Preferred Stocks
0.02% 0.00% 7.60% 64.08%

Stock Sector Breakdown

Weighting Return Low Return High KPREX % Rank
Financial Services
16.42% 3.32% 22.53% 39.08%
Technology
14.64% 2.95% 19.90% 63.38%
Industrials
13.28% 1.63% 16.11% 4.46%
Healthcare
11.45% 1.66% 18.37% 74.46%
Consumer Cyclical
10.39% 1.88% 12.18% 30.31%
Consumer Defense
7.81% 1.02% 13.89% 45.23%
Communication Services
7.58% 0.21% 10.71% 60.46%
Real Estate
6.21% 0.43% 35.57% 38.77%
Basic Materials
4.68% 0.76% 7.00% 18.31%
Energy
4.00% 0.59% 15.11% 74.92%
Utilities
3.53% 0.00% 13.14% 46.77%

Stock Geographic Breakdown

Weighting Return Low Return High KPREX % Rank
US
45.60% 0.00% 56.48% 9.74%
Non US
25.21% 0.00% 32.55% 9.13%

Bond Sector Breakdown

Weighting Return Low Return High KPREX % Rank
Government
41.97% 13.61% 99.28% 58.46%
Corporate
27.07% 0.00% 51.51% 22.46%
Securitized
20.92% 0.00% 40.02% 31.69%
Cash & Equivalents
9.81% 0.71% 112.41% 65.69%
Municipal
0.23% 0.00% 11.28% 49.69%
Derivative
0.01% -82.56% 31.23% 54.00%

Bond Geographic Breakdown

Weighting Return Low Return High KPREX % Rank
US
22.71% -52.61% 75.61% 85.69%
Non US
3.49% -2.75% 26.87% 70.32%

Expenses

KPREX - Expenses

Operational Fees

KPREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.06% 0.00% 24.81% 94.22%
Management Fee 0.00% 0.00% 0.77% 42.97%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% 6.95%

Sales Fees

KPREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

KPREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

KPREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 0.00% 207.00% 27.90%

Distributions

KPREX - Distributions

Dividend Yield Analysis

KPREX Category Low Category High KPREX % Rank
Dividend Yield 0.00% 0.00% 2.89% 86.15%

Dividend Distribution Analysis

KPREX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

KPREX Category Low Category High KPREX % Rank
Net Income Ratio 2.26% 0.05% 4.60% 46.43%

Capital Gain Distribution Analysis

KPREX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

KPREX - Fund Manager Analysis

Managers

Gregory Allen


Start Date

Tenure

Tenure Rank

Jan 10, 2014

6.14

6.1%

Gregory C. Allen, CEO, Chief Research Officer, Co-Portfolio Manager President and Director of Research. As President, Greg is responsible for overseeing Callan's Fund Sponsor Consulting Group, the Trust Advisory Group, and all of the firm's research groups which include: Global Manager Research, Alternative Investment Research, Capital Market Research, Database, Client Report Services, and Operations. Greg is also a member of Callan's Management Committee, the Alternatives Review Committee, and the Client Policy Review Committee. He is also a member of the Investment Committee which has oversight responsibility for all of Callan's discretionary multi-manager solutions. Greg joined the San Francisco Office of Callan Associates in 1988 as an analyst in the Capital Markets Research Group where he focused on capital market research, quantitative analysis, product development, and asset allocation liability analysis. In 1993, Greg took over the Operations and Capital Markets Research groups. He has managed a wide variety of projects for Callan, including the development of the firm's performance measurement service, the development of Callan's web site and web-based performance reporting capabilities, and the development and launch of Callan's PEP for Windows software. In 2000, Greg was promoted to Manager of Specialty Consulting (Now Director of Research) and in 2007 was promoted to President. Greg is a shareholder with the firm. Greg earned an M.S. in Applied Economics and a B.A. in Economics (Honors, Phi Beta Kappa) from the University of California at Santa Cruz. He is a frequent speaker on investment related topics, and has numerous publications. These include "Performance Attribution for Global Portfolios" published in the Fall 1991 issue of the Journal of Portfolio Management, "The Active Premium in Small-Cap U.S. Equities" published in the Spring 2005 issue of the Journal of Portfolio Management, and "Does Size Matter?" published in the Spring 2007 issue of the Journal of Portfolio Management.

Ivan (Butch) Cliff


Start Date

Tenure

Tenure Rank

Sep 05, 2014

5.49

5.5%

Ivan "Butch" Cliff, CFA, is an Executive Vice President and Director of Investment Research and Co-Portfolio Manager of the Adviser. Mr. Cliff has been with the Callan Associates Inc for 25 years and has 30 years of investment industry experience.

Mark Andersen


Start Date

Tenure

Tenure Rank

May 01, 2018

1.83

1.8%

Mark Andersen, is a Senior Vice President and Co-Portfolio Manager of Callan LLC. Mr. Andersen has been with the Adviser for 11 years.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.43 4.72 0.16