-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AsecHI+kVC0LIhYPzTxjGDKGeSUctbtUK4sRE8r89Q+fKfl7RAhlDlrFqeM8d4fY x8awG7UX5VZ6vLA774vITA== 0000088053-99-000327.txt : 19990310 0000088053-99-000327.hdr.sgml : 19990310 ACCESSION NUMBER: 0000088053-99-000327 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990309 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KEMPER INTERNATIONAL FUND CENTRAL INDEX KEY: 0000350562 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 363124258 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-70639 FILM NUMBER: 99560130 BUSINESS ADDRESS: STREET 1: 222 SOUTH RIVERSIDE PLAZA CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3125371569 MAIL ADDRESS: STREET 1: 222 SOUTH RIVERSIDE PLAZA CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: KEMPER INTERNATIONAL FUND INC DATE OF NAME CHANGE: 19870127 497 1 SUPPLEMENT TO PROSPECTUS DATED 03/01/99 Kemper Global and International Funds Kemper Asian Growth Fund Kemper Europe Fund Kemper Global Income Fund Kemper International Fund SUPPLEMENT TO PROSPECTUS DATED MARCH 1, 1999 ------------------ CLASS I SHARES ------------------ The above funds currently offer four classes of shares to provide investors with different purchasing options. These are Class A, Class B and Class C shares, which are described in the prospectus, and Class I shares, which are described in the prospectus as supplemented hereby. Class I shares are available for purchase exclusively by the following categories of institutional investors: (1) tax-exempt retirement plans (Profit Sharing, 401(k), Money Purchase Pension and Defined Benefit Plans) of Scudder Kemper Investments, Inc. ("Scudder Kemper") and its affiliates and rollover accounts from those plans; (2) the following investment advisory clients of Scudder Kemper and its investment advisory affiliates that invest at least $1 million in a Fund: unaffiliated benefit plans, such as qualified retirement plans (other than individual retirement accounts and self-directed retirement plans); unaffiliated banks and insurance companies purchasing for their own accounts; and endowment funds of unaffiliated non-profit organizations; (3) investment-only accounts for large qualified plans, with a least $50 million in total plan assets or at least 1000 participants; (4) trust and fiduciary accounts of trust companies and bank trust departments providing fee based advisory services that invest at least $1 million in a Fund on behalf of each trust; (5) policy holders under Zurich-American Insurance Group's collateral investment program investing at least $200,000 in a Fund; and (6) investment companies managed by Scudder Kemper that invest primarily in other investment companies. Class I shares currently are available for purchase only from Kemper Distributors, Inc. ("KDI"), principal underwriter for the Funds, and, in the case of category 4 above, selected dealers authorized by KDI. Share certificates are not available for Class I shares. The primary distinctions among the classes of each Fund's shares lie in their initial and contingent deferred sales charge schedules and in their ongoing expenses, including asset-based sales charges in the form of Rule 12b-1 distribution fees. Class I shares are offered at net asset value without an initial sales charge and are not subject to a contingent deferred sales charge or a Rule March 1, 1999 12b-1 distribution fee. Also, there is no administrative services fee charged to Class I shares. As a result of the relatively lower expenses for Class I shares, the level of income dividends per share (as a percentage of net asset value) and, therefore, the overall investment return, will typically be higher for Class I shares than for Class A, Class B and Class C shares. The following information supplements the indicated sections of the prospectus. Past performance The charts and tables contained in the accompanying prospectus provide some indication of the risks of investing in the funds by illustrating how the funds have performed from year to year, and comparing this information to a broad measure of market performance. Of course, past performance is not necessarily an indication of future performance. Additional financial information for those funds which currently have Class I shares outstanding is set forth below. Average Annual Total Returns -- Class I shares For periods ended December 31, 1998 One Year Life of Class Inception of Class - ------------------------------------------------------------------------------- Kemper International Fund 8.79% 12.90% 7/3/95 MSCI EAFE Index 20.33% 10.49% -- - ------------------------------------------------------------------------------- Fee and expense information This information is designed to help you understand the fees and expenses that you may pay if you buy and hold shares of the funds. Shareholder fees: Fees paid directly from your investment.
Maximum Sales Maximum Deferred Maximum Sales Charge (Load) Sales Charge Charge (Load) Imposed on (Load) Imposed on Purchases (as a (as a % of Reinvested % of offering redemption Dividends/ Redemption Exchange price) proceeds) Distributions Fee Fee - -------------------------------------------------------------------------------------------------------------------- Kemper Asian Growth Fund None None None None None - -------------------------------------------------------------------------------------------------------------------- Kemper Europe Fund None None None None None - -------------------------------------------------------------------------------------------------------------------- Kemper Global Income Fund None None None None None - -------------------------------------------------------------------------------------------------------------------- Kemper International Fund None None None None None - --------------------------------------------------------------------------------------------------------------------
Annual fund operating expenses: Expenses that are deducted from fund assets.
Management Distribution (12b-1) Other Total Annual Fund fee Fees expenses* Operating Expenses* - ------------------------------------------------------------------------------------------------------------------- Kemper Asian Growth Fund 0.85% None 2.34% 3.19% - ------------------------------------------------------------------------------------------------------------------- Kemper Europe Fund 0.75% None 0.92% 1.67% - ------------------------------------------------------------------------------------------------------------------- Kemper International Fund 0.73% None 0.27% 1.00% - ------------------------------------------------------------------------------------------------------------------- Kemper Global Income Fund 0.75% None 0.55% 1.30% - -------------------------------------------------------------------------------------------------------------------
* Estimated for Kemper Asian Growth Fund, Kemper Europe Fund and Kemper Global Income Fund since no Class I shares were issued as of their most recent fiscal year ends. Example This example is to help you compare the cost of investing in a fund with the cost of investing in other mutual funds. This example illustrates the impact of the above fees and expenses on an account with an initial investment of $10,000, based on the expenses shown above. It assumes a 5% annual return, the reinvestment of all dividends and distributions and "annual fund operating expenses" remaining the same each year. The example is hypothetical: actual fund expenses and return vary from year to year, and may be higher or lower than those shown. Fees and expenses if you sold shares after: 1 Year 3 Years 5 Years 10 Years - ------------------------------------------------------------------------------- Kemper Asian Growth Fund $322 $983 $1,669 $3,494 - ------------------------------------------------------------------------------- Kemper Europe Fund $170 $526 $907 $1,976 - ------------------------------------------------------------------------------- Kemper International Fund $102 $318 $552 $1,225 - ------------------------------------------------------------------------------- Kemper Global Income Fund $132 $412 $713 $1,568 - ------------------------------------------------------------------------------- Financial Highlights No financial information is presented for Class I shares of Kemper Asian Growth Fund, Kemper Europe Fund and Kemper Global Income Fund since no Class I shares were issued as of the respective fiscal year end of the funds. Kemper International Fund
July 3 to October Year ended October 31, 31, CLASS I 1998 1997 1996 1995 - ------------------------------------------------------------------------------------------------- Per share operating performance Net asset value, beginning of period $12.72 11.99 10.61 10.09 - ------------------------------------------------------------------------------------------------- Income from investment operations: Net investment income .11 .07 .10 .04 - ------------------------------------------------------------------------------------------------- Net realized and unrealized gain .03 1.53 1.48 .48 - ------------------------------------------------------------------------------------------------- Total from investment operations .14 1.60 1.58 .52 - ------------------------------------------------------------------------------------------------- Less dividends: Distribution from net investment income .15 .19 .15 -- - ------------------------------------------------------------------------------------------------- Distribution from net realized gain .55 .68 .05 -- - ------------------------------------------------------------------------------------------------- Total dividends .70 .87 .20 -- - ------------------------------------------------------------------------------------------------- Net asset value, end of period $12.16 12.72 11.99 10.61 - ------------------------------------------------------------------------------------------------- Total return (not annualized) 1.18% 14.19 15.19 5.15 - ------------------------------------------------------------------------------------------------- Ratios to average net assets (annualized) Expenses 1.00% 1.04 1.10 .85 - ------------------------------------------------------------------------------------------------- Net investment income 1.00% .69 .88 1.32 - ------------------------------------------------------------------------------------------------- Supplemental data for all classes Net assets at end of year (in thousands) $604,684 588,069 472,243 364,708 418,282 - ------------------------------------------------------------------------------------------------- Portfolio turnover rate 105% 76 104 114 103 - -------------------------------------------------------------------------------------------------
Notes: Total return does not reflect the effect of any sales charges. Per share data were determined based on average shares outstanding for the years ended 1995, 1996 and 1998, respectively. Special Features Shareholders of a Fund's Class I shares may exchange their shares for (i) shares of Zurich Money Funds -- Zurich Money Market Fund if the shareholders of Class I shares have purchased shares because they are participants in tax-exempt retirement plans of Scudder Kemper and its affiliates and (ii) Class I shares of any other "Kemper Mutual Fund" listed under "Special Features -- Class A Shares - -- Combined Purchases" in the prospectus. Conversely, shareholders of Zurich Money Funds -- Zurich Money Market Fund who have purchased shares because they are participants in tax-exempt retirement plans of Scudder Kemper and its affiliates may exchange their shares for Class I shares of "Kemper Mutual Funds" to the extent that they are available through their plan. Exchanges will be made at the relative net asset values of the shares. Exchanges are subject to the limitations set forth in the prospectus under "Special Features -- Exchange Privilege -- General." -----END PRIVACY-ENHANCED MESSAGE-----