About RCRFX
RiverPark Floating Rate CMBS Fund Retail Class is a mutual fund focused on investing primarily in floating-rate commercial mortgage-backed securities (CMBS). Its primary objective is to provide current income and capital appreciation while maintaining capital preservation, targeting securities backed by income-producing commercial real estate assets largely within the United States. Notable features include a portfolio concentrated in single asset or single borrower CMBS, which tend to offer greater transparency, liquidity, and sponsorship. The fund often acquires assets at a discount with an expectation of recovery to par, and most investments are protected by subordinate debt layers, maintaining an average portfolio loan-to-value ratio near 50%. Its holdings consist of floating-rate instruments with short to medium-term maturities, typically resetting monthly, which helps to reduce interest rate risk. Managed using a bottom-up, fundamentally driven process, the fund invests across the debt capital structure, with a focus on securities at or just below investment grade. RiverPark Floating Rate CMBS Fund Retail Class plays a unique role in the market by offering investors access to potentially higher yielding commercial real estate debt, with risk mitigation strategies reflecting deep due diligence on the underlying properties and comprehensive asset management.
Fund Family RiverPark Funds
Category Loan Participation
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol RCRFX
Share Class Retail Class Shares
Index Bloomberg Investment Grade CMBS TR
RCRFX had a total return of 3.73% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.71%.
