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RiverPark Strategic Income Institutional (RSIIX)

Nasdaq - Nasdaq Delayed price. Currency in USD
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8.69+0.00 (+0.05%)
At close: 08:00PM EDT

RiverPark Strategic Income Institutional

New York NY 10019

156 West 56th Street

RiverPark Funds Trust

212-484-2100
Management information
David K. Sherman,Lead manager since 29 September 2013
David K. Sherman is a Portfolio Manager and has been the President of Cohanzick since its inception in 1996.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryHigh Yield Bond
Fund familyRiverPark Funds
Net assets407.76M
YTD return2.97%
Yield7.47%
Morningstar rating★★★★★
Inception date29 Sept 2013

Fund operations

Last dividend0.20
Last cap gain-45.00
Holdings turnover72.00%
Average for categoryN/A

Fees and expenses

ExpenseRSIIXCategory average
Annual report expense ratio (net)1.09%0.95%
Prospectus net expense ratio1.09%N/A
Prospectus gross expense ratio1.09%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A3.88%
Max deferred sales loadN/A1.28%
3-yr expense projection0N/A
5-yr expense projection0N/A
10-yr expense projection0N/A