RiverPark Long/Short Opportunity Fund Institutional Class (RLSIX)
| Fund Assets | 26.21M |
| Expense Ratio | 1.85% |
| Min. Investment | $50,000 |
| 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 | 15.19 |
| YTD Return | -1.75% |
| 1-Year Return | 2.22% |
| 5-Year Return | -24.16% |
| 52-Week Low | 13.56 |
| 52-Week High | 15.87 |
| Beta (5Y) | 1.13 |
| Holdings | 118 |
| Inception Date | Mar 30, 2012 |
About RLSIX
RiverPark Long/Short Opportunity Fund Institutional Class is a mutual fund designed to pursue long-term capital appreciation while actively managing downside volatility. As an opportunistic long/short equity strategy, the fund takes long positions in companies believed by its investment adviser to have above-average growth prospects and sells short stocks considered to be competitively disadvantaged over the long term. The portfolio predominantly invests in U.S. equities but may also allocate to non-U.S. companies when opportunities arise. The strategy is particularly focused on sectors such as internet media, e-commerce, hardware, software, online business services, healthcare, and healthcare technology. Managed by RiverPark Advisors, LLC, the fund aims to deliver returns that outperform traditional equity markets with reduced volatility and lower downside risk. This approach makes it a valuable tool for investors seeking to diversify their exposure and hedge against market downturns, positioning RiverPark Long/Short Opportunity Fund Institutional Class as a dynamic component within diversified investment portfolios.
Performance
RLSIX had a total return of 2.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.36%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| RLSFX | Retail Class | 2.00% |
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% |