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RiverPark Short Term High Yield Instl RPHIX

Analyst rating as of
NAV / 1-Day Return
9.67  /  0.10 %
Total Assets
1.1 Bil
Adj. Expense Ratio
0.900%
Expense Ratio
0.900%
Fee Level
High
Longest Manager Tenure
10.63 years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
100,000
Status
Open
TTM Yield
2.44%
Effective Duration
0.41 years
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Morningstar’s Analysis

Will RPHIX outperform in future?

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

Not your typical short-term high-yield offering.

Summary

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RiverPark Short Term High Yield narrows its investment menu to corporate credit issues with shortened maturities resulting from a structural change to the underlying businesses. Its unconventional approach and concentrated style, combined with a small but experienced team, supports a Morningstar Analyst Rating of Neutral for all share classes.

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