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Morningstar

RiverPark Floating Rate CMBS Retail RCRFX

Morningstar Medalist Rating
Medalist Rating as of | See River Park Funds Investment Hub
  • NAV / 1-Day Return 8.71  /  −0.11 %
  • Total Assets 31.6 Mil
  • Adj. Expense Ratio
    1.250%
  • Expense Ratio 1.250%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 7.69%
  • Effective Duration —

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:18 PM GMT+0

Morningstar’s Analysis RCRFX

Will RCRFX 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 RCRFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RCRFX 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 RCRFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit RiverPark Floating Rate CMBS Retail to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings RCRFX

More RCRFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 59.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bx Trust 2019-MMP 8.16111%

8.45 2.8 Mil
Securitized

BX COMMERCIAL MORTGAGE TRUST 7.68388%

7.10 2.3 Mil
Securitized

BX COMMERCIAL MORTGAGE TRUST 2024-XL5 6.69165%

6.12 2.0 Mil
Securitized

BX TRUST 2024-CNYN 0%

6.11 2.0 Mil
Securitized

ILPT COMMERCIAL MORTGAGE TRUST 2022-LPF2 8.81833%

6.02 2.0 Mil
Securitized

BX TRUST 2022-PSB 7.77633%

5.67 1.9 Mil
Securitized

BX TRUST 2021-RISE 6.18698%

5.56 1.8 Mil
Securitized

BX COMMERCIAL MORTGAGE TRUST 7.79048%

5.33 1.7 Mil
Securitized

BX Trust 2022-IND 9.31233%

4.58 1.5 Mil
Securitized

TTAN 2021-MHC 7.19048%

4.57 1.5 Mil
Securitized