Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
RiverPark Strategic Income Retail RSIVX
- NAV / 1-Day Return 8.74 / +0.09 %
- Total Assets 413.4 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.340%
- Distribution Fee Level High
- Share Class Type No Load
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 6.79%
- Effective Duration —
USD | NAV as of May 03, 2024 | 1-Day Return as of May 03, 2024, 10:17 PM GMT+0
Morningstar’s Analysis RSIVX
Will RSIVX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 24.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
EUR/USD FWD 20240415 Purchased | 9.66 | 38.5 Mil | Derivative |
First American Treasury Obligs X | 4.33 | 17.2 Mil | Cash and Equivalents |
Summit Midstream Holdings, LLC / Summit Midstream Finance Corp. 9% | 3.33 | 13.3 Mil | Corporate |
NAI ENTERTAINMENT T/L B | 3.09 | 12.3 Mil | Corporate |
StoneX Group Inc 7.88% | 2.63 | 10.5 Mil | Corporate |
InfraBuild Australia Pty Ltd 14.5% | 2.59 | 10.3 Mil | Corporate |
SEK/USD FWD 20240415 Purchased | 2.46 | 9.8 Mil | Derivative |
Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation 9.75% | 2.38 | 9.5 Mil | Corporate |
IEA Energy Services LLC 6.63% | 2.10 | 8.4 Mil | Corporate |
Algoma Steel Inc 9.13% | 2.07 | 8.2 Mil | Corporate |