About RCRIX
RiverPark Floating Rate CMBS Fund Institutional Class is an open-end mutual fund specializing in floating-rate commercial mortgage-backed securities (CMBS), aiming to provide current income and capital appreciation while preserving capital. The fund primarily invests in securities backed by income-producing commercial real estate assets, focusing on single asset and single borrower CMBS, which typically offer greater liquidity, transparency, and institutional sponsorship. Its portfolio is structured to limit both credit and interest rate risk, with investments protected by subordinate layers of debt and equity, resulting in an average loan-to-value ratio around 50%.
The floating-rate nature of the fund’s holdings means interest payments adjust monthly, reducing sensitivity to rising interest rates—a feature considered particularly valuable in volatile or upward-trending rate environments. By acquiring assets at attractive discounts to face value and maintaining short to medium-term maturities, the fund aims for efficient risk-adjusted returns. It employs a fundamental, bottom-up investment approach, emphasizing rigorous analysis of underlying real estate, capital structures, and yields. Overall, the RiverPark Floating Rate CMBS Fund Institutional Class plays a specialized role within fixed income markets, offering exposure to commercial real estate credit with an emphasis on income, risk management, and active asset oversight.
Fund Family RiverPark Funds
Category Loan Participation
Performance Rating High
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol RCRIX
Share Class Institutional Class Shares
Index Bloomberg Investment Grade CMBS TR
RCRIX had a total return of 4.62% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.16%.
