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RiverPark Short Term High Yield Retail RPHYX

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

Morningstar’s Analysis RPHYX

Will RPHYX 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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