RiverPark Short Term High Yield Fund Class Institutional (RPHIX)
| Fund Assets | 667.58M |
| Expense Ratio | 0.96% |
| Min. Investment | $50,000 |
| Turnover | 438.00% |
| Dividend (ttm) | 0.46 |
| Dividend Yield | 4.73% |
| Dividend Growth | -9.00% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.68 |
| YTD Return | 0.33% |
| 1-Year Return | 4.31% |
| 5-Year Return | 23.24% |
| 52-Week Low | 9.27 |
| 52-Week High | 9.68 |
| Beta (5Y) | 0.03 |
| Holdings | 79 |
| Inception Date | Sep 30, 2010 |
About RPHIX
RiverPark Short Term High Yield Fund Institutional Class is an actively managed **high-yield bond mutual fund** focused on short-maturity corporate credit. The fund seeks **high current income and capital appreciation** while emphasizing **preservation of capital**. It primarily invests in below-investment-grade debt, targeting securities rated **BB or lower** or comparable unrated issues, and maintains a **dollar-weighted average effective maturity of no more than three years**. The portfolio emphasizes **short term high yield securities** where the adviser believes traditional credit ratings may not fully reflect the issuer’s near-term ability to meet obligations, often around corporate events such as refinancings, reorganizations, or other balance sheet changes. Classified in the **High Yield Bond** category, the fund holds a diversified mix of corporate bonds, convertibles, bank loans, and asset-backed securities. Managed by CrossingBridge Advisors, it is designed as an institutional share class with a **0.94% expense ratio** and a relatively concentrated, event-driven credit strategy that differentiates it from more traditional high-yield bond funds.
Performance
RPHIX had a total return of 4.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.06%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| RPHYX | Retail Class | 1.24% |
Top 10 Holdings
29.08% of assets| Name | Symbol | Weight |
|---|---|---|
| Under Armour, Inc. 3.25% | UA.3.25 06.15.26 | 4.62% |
| UBS Group AG 5.711% | UBS.V5.711 01.12.27 144A | 3.10% |
| Fubotv Inc. 3.25% | FUBO.3.25 02.15.26 | 2.97% |
| Dana Inc. 5.625% | DAN.5.625 06.15.28 | 2.89% |
| Dayforce Inc 0.25% | DAY.0.25 03.15.26 | 2.80% |
| Airbnb Inc 0% | ABNB.0 03.15.26 | 2.71% |
| Bentley Systems Incorporated 0.125% | BSY.0.125 01.15.26 | 2.58% |
| Dropbox Inc 0% | DBX.0 03.01.26 | 2.49% |
| Confluent Inc 0% | CFLT.0 01.15.27 | 2.46% |
| HCA Inc. 5.25% | HCA.5.25 06.15.26 | 2.45% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0214 | Feb 2, 2026 |
| Dec 30, 2025 | $0.0423 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0285 | Dec 1, 2025 |
| Oct 31, 2025 | $0.0422 | Nov 3, 2025 |
| Sep 30, 2025 | $0.0359 | Oct 1, 2025 |
| Aug 29, 2025 | $0.0336 | Sep 2, 2025 |