RiverPark Long/Short Opportunity Fund Retail Class (RLSFX)
| Fund Assets | 26.21M |
| Expense Ratio | 2.00% |
| Min. Investment | $1,000 |
| Turnover | 20.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 14.86 |
| YTD Return | -1.52% |
| 1-Year Return | 2.19% |
| 5-Year Return | -25.49% |
| 52-Week Low | 13.27 |
| 52-Week High | 15.54 |
| Beta (5Y) | 0.33 |
| Holdings | 118 |
| Inception Date | Mar 30, 2012 |
About RLSFX
The RiverPark Long/Short Opportunity Fund Retail Class is an actively managed mutual fund that employs a long/short equity strategy. Its primary objective is to achieve long-term capital appreciation while aiming to reduce volatility and downside risk compared to broad U.S. equity markets. The fund accomplishes this by taking long positions in equity securities that its investment team believes have above-average growth prospects, while simultaneously holding short positions in companies considered to be competitively disadvantaged over the long term. While the fund focuses mainly on U.S. companies, it may also include international equities. RiverPark Long/Short Opportunity Fund is notable for its flexible, opportunistic approach, allowing it to shift its allocation between long and short exposures depending on prevailing macroeconomic conditions and individual security analysis. This fund serves investors seeking exposure to equity markets with potentially lower volatility, and belongs to the long-short equity category, which is designed to balance growth with risk management through active hedging and selective security selection.
Performance
RLSFX had a total return of 2.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.81%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| RLSIX | Institutional Class | 1.85% |
Top 10 Holdings
49.41% of assets| Name | Symbol | Weight |
|---|---|---|
| Apple Inc. | AAPL | 6.97% |
| Microsoft Corporation | MSFT | 6.90% |
| NVIDIA Corporation | NVDA | 6.25% |
| Amazon.com, Inc. | AMZN | 5.52% |
| Eli Lilly and Company | LLY | 4.74% |
| Meta Platforms, Inc. | META | 4.29% |
| Applied Materials, Inc. | AMAT | 4.13% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 3.94% |
| Alphabet Inc. | GOOGL | 3.34% |
| Alphabet Inc. | GOOG | 3.33% |