Morningstar

RiverPark Floating Rate CMBS Retail RCRFX

Morningstar Medalist Rating
Medalist Rating as of | See River Park Funds Investment Hub
  • NAV / 1-Day Return 8.74  /  0.00
  • Total Assets 32.7 Mil
  • Adj. Expense Ratio
    1.250%
  • Expense Ratio 1.250%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 7.28%
  • Effective Duration —

USD | NAV as of Oct 02, 2024 | 1-Day Return as of Oct 02, 2024, 10:28 PM GMT+0

Morningstar’s Analysis RCRFX

Will RCRFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RCRFX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RCRFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of RCRFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit RiverPark Floating Rate CMBS Retail to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers. The strategy changed its peer group in August, moving from the Bank Loan category to the High Yield Bond Morningstar Category.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings RCRFX

More RCRFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 58.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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BX TRUST 2024-CNYN 6.74188%

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ILPT COMMERCIAL MORTGAGE TRUST 2022-LPF2 8.82989%

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BX COMMERCIAL MORTGAGE TRUST 2024-MDHS 6.9913%

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BX TRUST 2021-RISE 6.19898%

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BX TRUST 2022-PSB 7.78789%

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MHP COMMERCIAL MORTGAGE TRUST 7.65148%

4.56 1.5 Mil
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BX COMMERCIAL MORTGAGE TRUST 2021-CIP 7.12248%

4.50 1.5 Mil
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