RiverPark Short Term High Yield Fund Class Institutional (RPHIX)
| Fund Assets | 626.68M |
| Expense Ratio | 0.96% |
| Min. Investment | $50,000 |
| Turnover | 438.00% |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 4.23% |
| Dividend Growth | -16.04% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2026 |
| Previous Close | 9.72 |
| YTD Return | 1.55% |
| 1-Year Return | 4.55% |
| 5-Year Return | 25.19% |
| 52-Week Low | 9.65 |
| 52-Week High | 9.73 |
| Beta (5Y) | 0.03 |
| Holdings | 70 |
| Inception Date | Sep 30, 2010 |
About RPHIX
RiverPark Short Term High Yield Fund Institutional Class is a mutual fund that seeks high current income and capital appreciation while preserving capital through investments in short-term high yield fixed income securities. It targets securities of companies that have announced or are expected to undergo funding events, reorganizations, or other corporate actions anticipated to improve their debt repayment capacity. The fund focuses on issues where credit ratings may not fully capture short-term ability to meet obligations and emphasizes limited near-term default risk, distinguishing it from longer-term high yield strategies that prioritize operating performance. Sub-advised by CrossingBridge Advisors, LLC of Pleasantville, New York, the fund is managed by a team led by Chief Investment Officer David K. Sherman, founded in 2016, and Portfolio Manager Michael De Kler. This Institutional Class features no shareholder services fee, catering to investors seeking access to this specialized high yield bond approach within the broader fixed income market.
Performance
RPHIX had a total return of 4.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.40%.
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
46.33% of assets| Name | Symbol | Weight |
|---|---|---|
| Confluent Inc 0% | CFLT.0 01.15.27 | 6.69% |
| Kodiak Gas Services LLC 7.25% | KGS.7.25 02.15.29 144A | 6.66% |
| Nexstar Media Inc. 5.625% | NXST.5.625 07.15.27 144A | 5.35% |
| Under Armour, Inc. 3.25% | UA.3.25 06.15.26 | 5.15% |
| SPX Flow Inc. 8.75% | FLOW.8.75 04.01.30 144A | 4.58% |
| The Chemours Company LLC 5.375% | CC.5.375 05.15.27 | 4.46% |
| Archrock Partners LP/Archrock Partners Finance Corp 6.25% | AROC.6.25 04.01.28 144A | 3.85% |
| Travel Plus Leisure Co 6.625% | TNL.6.625 07.31.26 144A | 3.30% |
| Sirius Xm Radio LLC 3.125% | SIRI.3.125 09.01.26 144A | 3.29% |
| HCA Inc. 5.25% | HCA.5.25 06.15.26 | 3.01% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2026 | $0.0226 | May 1, 2026 |
| Mar 31, 2026 | $0.0273 | Apr 1, 2026 |
| Feb 27, 2026 | $0.0271 | Mar 2, 2026 |
| Jan 30, 2026 | $0.0214 | Feb 2, 2026 |
| Dec 30, 2025 | $0.0423 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0285 | Dec 1, 2025 |