RiverPark/Next Century Lg Gr Inst (RPNLX)
| Fund Assets | 3.89M |
| Expense Ratio | 1.00% |
| Min. Investment | $50,000 |
| Turnover | 75.00% |
| Dividend (ttm) | 0.80 |
| Dividend Yield | 5.13% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 17, 2025 |
| Previous Close | 15.47 |
| YTD Return | 12.35% |
| 1-Year Return | 23.04% |
| 5-Year Return | n/a |
| 52-Week Low | 11.83 |
| 52-Week High | 15.89 |
| Beta (5Y) | n/a |
| Holdings | 37 |
| Inception Date | Dec 29, 2023 |
About RPNLX
The RiverPark/Next Century Large Growth Fund Institutional Shares is a mutual fund designed to pursue long-term capital appreciation by investing primarily in large-cap U.S. companies. The fund targets firms that the management team believes will achieve or sustain above-average revenue and earnings growth over time. Employing a bottom-up, fundamentally driven stock selection process, the fund seeks out high-quality businesses with strong top-line revenue growth, expansive market opportunities, industry leadership, and robust management teams. Managed by Next Century Growth Investors, the strategy focuses on identifying companies well-positioned to outperform broader economic and market trends, often resulting in a concentrated portfolio of approximately 40 holdings. The fund’s investment approach emphasizes growth across a diverse range of sectors that reflect the evolving landscape of the U.S. economy. As an institutional share class, it is structured to offer a lower net expense ratio compared to its retail counterpart, catering to institutional and high-minimum investors. Since its inception in late 2023, the fund plays a role in the market as a vehicle for investors seeking exposure to innovative and rapidly growing large-cap businesses in the United States.
Performance
RPNLX had a total return of 23.04% in the past year, including dividends. Since the fund's inception, the average annual return has been 19.46%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| RPNRX | Retail Class Shares | 1.25% |
Top 10 Holdings
55.62% of assets| Name | Symbol | Weight |
|---|---|---|
| Apple Inc. | AAPL | 10.63% |
| NVIDIA Corporation | NVDA | 10.60% |
| Alphabet Inc. | GOOGL | 6.00% |
| Microsoft Corporation | MSFT | 5.95% |
| Broadcom Inc. | AVGO | 5.20% |
| Vertiv Holdings Co | VRT | 3.96% |
| Amazon.com, Inc. | AMZN | 3.80% |
| The Goldman Sachs Group, Inc. | GS | 3.46% |
| Howmet Aerospace Inc. | HWM | 3.25% |
| BROWN BROTHERS HARRIMAN SWEEP INTEREST | n/a | 2.78% |