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Morningstar

RiverPark Short Term High Yield Retail RPHYX

Morningstar Analyst Rating
Analyst rating as of | See River Park Funds Investment Hub
  • NAV / 1-Day Return 9.59  /  0.00
  • Total Assets 903.0 Mil
  • Adj. Expense Ratio
    1.170%
  • Expense Ratio 1.170%
  • 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 3.21%
  • Effective Duration 0.33 years

USD | NAV as of Feb 04, 2023 | 1-Day Return as of Feb 04, 2023, 12:59 AM GMT+00:00

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 but expensive high-yield offering.

Analyst

Summary

| by Saraja Samant

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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