Morningstar

RiverPark Strategic Income Retail RSIVX

Morningstar Medalist Rating
Medalist Rating as of | See River Park Funds Investment Hub
  • NAV / 1-Day Return 8.71  /  +0.06 %
  • Total Assets 502.9 Mil
  • Adj. Expense Ratio
    1.190%
  • Expense Ratio 1.230%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 7.25%
  • Effective Duration —

USD | NAV as of Sep 27, 2024 | 1-Day Return as of Sep 27, 2024, 10:20 PM GMT+0

Morningstar’s Analysis RSIVX

Will RSIVX 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 RSIVX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RSIVX 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 RSIVX’s parent organization’s priorities and whether they’re in line with investors’ interests.

RiverPark Strategic Income Retail's Average Process and People Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings RSIVX

More RSIVX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 23.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

EUR/USD FWD 20240715 Purchased

11.50 50.2 Mil
Derivative

First American Treasury Obligs X

4.59 20.0 Mil
Cash and Equivalents

First American Government Obligs X

4.59 20.0 Mil
Cash and Equivalents

Mangrove Luxco III SARL 7.78%

3.49 15.2 Mil
Corporate

Summit Midstream Holdings, LLC / Summit Midstream Finance Corp. 10%

3.09 13.5 Mil
Corporate

NAI Entertainment Holdings LLC

2.85 12.4 Mil
Corporate

SEK/USD FWD 20240715 Purchased

2.78 12.1 Mil
Derivative

FORUM ENERGY TECHNOLOGIE 2ND LIEN 11% 12/8/26

2.57 11.2 Mil
Corporate

StoneX Group Inc 7.88%

2.44 10.7 Mil
Corporate

InfraBuild Australia Pty Ltd 14.5%

2.35 10.3 Mil
Corporate

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