Morningstar

RiverPark Short Term High Yield Instl RPHIX

Morningstar Medalist Rating
Medalist Rating as of | See River Park Funds Investment Hub
  • NAV / 1-Day Return 9.73  /  0.00
  • Total Assets 786.5 Mil
  • Adj. Expense Ratio
    0.920%
  • Expense Ratio 0.920%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 50,000
  • Status Open
  • TTM Yield 5.61%
  • Effective Duration —

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis RPHIX

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

  • People Pillar

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

An unconventional approach to high-yield credit comes at a price.

Analyst Saraja Samant

Saraja Samant

Analyst

Summary

An experienced yet lean team manages RiverPark Short Term High Yield’s distinctive approach of investing in issues with shortened maturities due to an expected business structure change, which often results in a credit-quality-agnostic relatively concentrated portfolio.

by Saraja Samant
Rated on Published on

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Portfolio Holdings RPHIX

More RPHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 26.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bank of America Corp. 6.25%

5.16 40.2 Mil
Corporate

Universal Entertainment Corp. 8.75%

4.47 34.8 Mil
Corporate

Tallgrass Energy Partners, LP and Tallgrass Energy Finance Corp. 7.5%

4.42 34.4 Mil
Corporate

Sealed Air Corp. 5.125%

4.17 32.5 Mil
Corporate

Matador Resources Company 5.875%

3.02 23.5 Mil
Corporate

Delta Air Lines Inc. 2.9%

2.97 23.1 Mil
Cash and Equivalents

Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation 6.25%

2.76 21.5 Mil
Corporate

NextEra Energy Capital Holdings Inc 4.255%

2.65 20.6 Mil
Cash and Equivalents

Sizzling Platter LLC 8.5%

2.49 19.4 Mil
Corporate

International Game Technology PLC 6.5%

2.38 18.6 Mil
Corporate

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