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.
RiverPark Short Term High Yield Retail RPHYX
NAV / 1-Day Return
9.57
/
0.00
Total Assets
937.4 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.140%
Expense Ratio
1.140%
Fee Level
High
Longest Manager Tenure
11.75
years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
—Min. Initial Investment
1,000
Status
Open
TTM Yield
1.62%
Effective Duration
0.45
years
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
