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RiverPark Short Term High Yield Instl RPHIX

Analyst rating as of
NAV / 1-Day Return
9.63  /  0.10 %
Total Assets
964.5 Mil
Adj. Expense Ratio
0.890%
Expense Ratio
0.890%
Fee Level
High
Longest Manager Tenure
11.63 years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
Min. Initial Investment
50,000
Status
Open
TTM Yield
1.76%
Effective Duration
0.48 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.

An unconventional but expensive high-yield offering.

Summary

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RiverPark Short Term High Yield uses an unconventional process of identifying high-yield issues with shortened maturities owing to an expected structural change to their underlying businesses. This limits its investment universe and results in a relatively concentrated portfolio. Its unusual approach coupled with an experienced but lean team warrant a Morningstar Analyst Rating of Neutral for all share classes.

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