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Morningstar

RiverPark Short Term High Yield Retail RPHYX

Morningstar Medalist Rating
Medalist Rating as of | See River Park Funds Investment Hub
  • NAV / 1-Day Return 9.65  /  +0.10 %
  • Total Assets 784.4 Mil
  • Adj. Expense Ratio
    1.190%
  • Expense Ratio 1.190%
  • 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 5.41%
  • Effective Duration —

USD | NAV as of May 10, 2024 | 1-Day Return as of May 10, 2024, 10:16 PM GMT+0

Morningstar’s Analysis RPHYX

Will RPHYX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RPHYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RPHYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of RPHYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An unconventional approach to high-yield credit comes at a price.

Analyst Saraja Samant

Saraja Samant

Analyst

Summary

An experienced yet lean team manages RiverPark Short Term High Yield’s distinctive approach of investing in issues with shortened maturities due to an expected business structure change, which often results in a credit-quality-agnostic relatively concentrated portfolio.

by Saraja Samant
Rated on Published on

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Portfolio Holdings RPHYX

More RPHYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 40.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation 4.75%

6.58 52.0 Mil
Corporate

PDC Energy, Inc. 5.75%

5.97 47.2 Mil
Corporate

Alteryx Inc 1%

4.78 37.8 Mil
Corporate

StoneX Group Inc 8.625%

4.45 35.2 Mil
Corporate

MGM Resorts International 6.75%

4.34 34.3 Mil
Corporate

Crescent Energy Finance LLC 7.25%

4.25 33.6 Mil
Corporate

Tutor Perini Corporation 6.875%

4.21 33.3 Mil
Corporate

Energy Transfer LP FXDFR PRF PERPETUAL USD 25 - Ser E

4.10 32.4 Mil
Energy

Citigroup Inc. 9.0346%

3.31 26.1 Mil
Corporate

GEO Group Inc 6%

3.05 24.1 Mil
Corporate