KP Funds Form N-Q Filed 2017-05-30
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SECURITIES AND EXCHANGE COMMISSION FORM N-Q Quarterly schedule of portfolio holdings of registered management investment company filed on Form N-Q Filing Date: 2017-05-30 | Period of Report: 2017-03-31 SEC Accession No. 0001193125-17-187477 (HTML Version on secdatabase.com) FILER KP Funds Mailing Address Business Address ONE FREEDOM VALLEY ONE FREEDOM VALLEY CIK:1573386| IRS No.: 000000000 | State of Incorp.:MA DRIVE DRIVE Type: N-Q | Act: 40 | File No.: 811-22838 | Film No.: 17877909 OAKS PA 19456 OAKS PA 19456 (800) 342-5734 Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-22838 The KP Funds (Exact name of registrant as specified in charter) CT Corporation 101 Federal Street Boston, MA 02110 (Address of principal executive offices) (Zip code) SEI Investments One Freedom Valley Drive Oaks, PA 19456 (Name and address of agent for service) Registrants telephone number, including area code: 800-342-5734 Date of fiscal year end: December 31, 2017 Date of reporting period: March 31, 2017 Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Item 1. Schedules of Investments Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document KP Retirement Path 2015 Fund Schedule of Investments March 31, 2017 (Unaudited) Description Shares Value (000) Affiliated Registered Investment Companies 72.8% KP Fixed Income Fund 17,511,661 $174,592 KP International Equity Fund 4,010,757 38,944 KP Large Cap Equity Fund 7,719,435 92,093 KP Small Cap Equity Fund 1,447,388 16,790 Total Affiliated Registered Investment Companies (Cost $308,247) (000) 322,419 Unaffiliated Registered Investment Companies 26.3% DFA Commodity Strategy Portfolio 671,355 3,954 DFA International Real Estate Securities Portfolio 869,160 4,259 Lazard Global Listed Infrastructure Portfolio 282,574 4,417 T. Rowe Price Institutional Floating Rate Fund 405,681 4,081 Vanguard Inflation-Protected Securities Fund 1,322,105 13,895 Vanguard REIT Index Fund 508,288 9,215 Vanguard Short-Term Bond Index Fund 4,101,872 42,824 Vanguard Short-Term Inflation- Protected Securities Index Fund 1,353,838 33,602 Total Unaffiliated Registered Investment Companies (Cost $114,634) (000) 116,247 Exchange Traded Fund 0.9% T. Rowe Price New Era Fund, Cl I 119,494 3,993 Total Exchange Traded Fund (Cost $4,064) (000) 3,993 Total Investments 100.0% (Cost $426,945) (000) $442,659 Percentages are based on Net Assets of $442,720 (000). Cl Class REIT Real Estate Investment Trust At March 31, 2017, the tax cost basis of the Funds investments was $426,945 (000), and the unrealized appreciation and depreciation were $17,021 (000) and $(1,307) (000), respectively. As of March 31, 2017, all of the Funds investments were considered Level 1 in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. generally accepted accounting principles. Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document For the period ended March 31, 2017, there were no transfers between Level 1, Level 2 and Level 3 assets and liabilities. All transfers, if any, are recognized by the Fund at the end of the period. 1 Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document KP Retirement Path 2015 Fund Schedule of Investments March 31, 2017 (Unaudited) For the period ended March 31, 2017, there have been no changes to the Funds fair value methodologies. For further financial information on individual Registered Investment Companies, available upon request at no charge, please go to the Securities Exchange Commissions website at http://www.sec.gov or the individual Registered Investment Companys website. For more information on the Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent semi-annual and annual financial statements. The following is a summary of the transactions with affiliates for the period ended March 31, 2017 (000): Change in Value Unrealized Value 12/31/ Purchases Proceeds Appreciation Realized 3/31/ 2016 at Cost from Sales (Depreciation) Gain 2017 KP Fixed Income Fund $159,878 $ 33,792 $(21,010 ) $ 1,972 $ (40 ) $174,592 KP International Equity Fund 27,218 11,615 (2,710 ) 2,867 (46 ) 38,944 KP Large Cap Equity Fund 79,257 13,951 (6,800 ) 4,511 1,174 92,093 KP Small Cap Equity Fund 13,182 4,304 (1,218 ) 338 184 16,790 2 Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document KP Retirement Path 2020 Fund Schedule of Investments March 31, 2017 (Unaudited) Description Shares Value (000) Affiliated Registered Investment Companies 77.2% KP Fixed Income Fund 26,947,877 $268,671 KP International Equity Fund 10,024,031 97,333 KP Large Cap Equity Fund 16,691,612 199,131 KP Small Cap Equity Fund 3,764,982 43,674 Total Affiliated Registered Investment Companies (Cost $575,158) (000) 608,809 Unaffiliated Registered Investment Companies 21.8% DFA Commodity Strategy Portfolio 1,258,958 7,415 DFA International Real Estate Securities Portfolio 1,624,666 7,961 Lazard Global Listed Infrastructure Portfolio 527,692 8,248 T. Rowe Price Institutional Floating Rate Fund 759,917 7,645 Vanguard Inflation-Protected Securities Fund 2,230,547 23,443 Vanguard REIT Index Fund 857,808 15,552 Vanguard Short-Term Bond Index Fund 5,610,369 58,572 Vanguard Short-Term Inflation- Protected Securities Index Fund 1,733,249 43,019 Total Unaffiliated Registered Investment Companies (Cost $169,875) (000) 171,855 Exchange Traded Fund 1.0% T. Rowe Price New Era Fund, Cl I 224,094 7,489 Total Exchange Traded Fund (Cost $7,618) (000) 7,489 Total Investments 100.0% (Cost $752,651) (000) $788,153 Percentages are based on Net Assets of $788,242 (000). Cl Class REIT Real Estate Investment Trust At March 31, 2017, the tax cost basis of the Funds investments was $752,651 (000), and the unrealized appreciation and depreciation were $38,370 (000) and $(2,868) (000), respectively. As of March 31, 2017, all of the Funds investments were considered Level 1 in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. generally accepted accounting principles. Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document For the period ended March 31, 2017, there were no transfers between Level 1, Level 2 and Level 3 assets and liabilities. All transfers, if any, are recognized by the Fund at the end of the period. 3 Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document KP Retirement Path 2020 Fund Schedule of Investments March 31, 2017 (Unaudited) For the period ended March 31, 2017, there have been no changes to the Funds fair value methodologies. For further financial information on individual Registered Investment Companies, available upon request at no charge, please go to the Securities Exchange Commissions website at http://www.sec.gov or the individual Registered Investment Companys website. For more information on the Funds policy regarding valuation of investments and other significant accounting policies, please refer to the Funds most recent semi-annual and annual financial statements. The following is a summary of the transactions with affiliates for the period ended March 31, 2017 (000): Change in Value Unrealized Value 12/31/ Purchases Proceeds Appreciation Realized 3/31/ 2016 at Cost from Sales (Depreciation) Gain 2017 KP Fixed Income Fund $243,375 $ 37,179 $(14,800 ) $ 2,943 $ (26 ) $268,671 KP International Equity Fund 78,221 15,010 (3,274 ) 7,443 (67 ) 97,333 KP Large Cap Equity Fund 150,728 43,521 (6,662 ) 10,393 1,151 199,131 KP Small Cap Equity Fund 42,361 1,454 (1,582 ) 1,206 235 43,674 4 Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document KP Retirement Path 2025 Fund Schedule of Investments March 31, 2017 (Unaudited) Description Shares Value (000) Affiliated Registered Investment Companies 82.2% KP Fixed Income Fund 25,245,899 $251,702 KP International Equity Fund 15,141,889 147,028 KP Large Cap Equity Fund 22,661,783 270,354 KP Small Cap Equity Fund 5,816,303 67,469 Total Affiliated Registered Investment Companies (Cost $690,117) (000) 736,553 Unaffiliated Registered Investment Companies 16.8% DFA Commodity Strategy Portfolio 1,464,574 8,626 DFA International Real Estate Securities Portfolio 1,886,847 9,246 Lazard Global Listed Infrastructure Portfolio 612,756 9,577 T. Rowe Price Institutional Floating Rate Fund 883,354 8,887 Vanguard Inflation-Protected Securities Fund 2,455,991 25,812 Vanguard REIT Index Fund 944,743 17,128 Vanguard Short-Term Bond Index Fund 3,913,549 40,857 Vanguard Short-Term Inflation- Protected Securities Index Fund 1,214,457 30,144 Total Unaffiliated Registered Investment Companies (Cost $148,615) (000) 150,277 Exchange Traded Fund 1.0% T. Rowe Price New Era Fund, Cl I 260,761 8,715 Total Exchange Traded Fund (Cost $8,862) (000) 8,715 Total Investments 100.0% (Cost $847,594) (000) $895,545 Percentages are based on Net Assets of $895,614 (000). Cl Class REIT Real Estate Investment Trust At March 31, 2017, the tax cost basis of the Funds investments was $847,594 (000), and the unrealized appreciation and depreciation were $51,104(000) and $(3,153) (000), respectively.