The Morningstar Category is the peer group used to determine an investment's relative merits. In this case, the move has led to this strategy's Morningstar Medalist Rating being downgraded to Negative from Neutral. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile. The strategy changed its peer group in August, moving from the Bank Loan category to the High Yield Bond Morningstar Category.
RiverPark Floating Rate CMBS Instl RCRIX
- NAV / 1-Day Return 8.80 / −0.11 %
- Total Assets 32.7 Mil
-
Adj. Expense Ratio
0.850%
- Expense Ratio 0.850%
- Distribution Fee Level High
- Share Class Type Institutional
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 50,000
- Status Open
- TTM Yield 7.46%
- 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 RCRIX
Will RCRIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- 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
|
|---|---|---|---|
Bx Trust 2019-MMP 8.17311% | 8.65 | 2.8 Mil | Securitized |
BX COMMERCIAL MORTGAGE TRUST 7.69588% | 6.33 | 2.1 Mil | Securitized |
ARES COMMERCIAL MORTGAGE TRUST 2024-IND 7.37804% | 6.15 | 2.0 Mil | Securitized |
BX TRUST 2024-CNYN 6.74188% | 6.07 | 2.0 Mil | Securitized |
ILPT COMMERCIAL MORTGAGE TRUST 2022-LPF2 8.82989% | 5.98 | 1.9 Mil | Securitized |
BX COMMERCIAL MORTGAGE TRUST 2024-MDHS 6.9913% | 5.82 | 1.9 Mil | Securitized |
BX TRUST 2021-RISE 6.19898% | 5.58 | 1.8 Mil | Securitized |
BX TRUST 2022-PSB 7.78789% | 5.22 | 1.7 Mil | Securitized |
MHP COMMERCIAL MORTGAGE TRUST 7.65148% | 4.56 | 1.5 Mil | Securitized |
BX COMMERCIAL MORTGAGE TRUST 2021-CIP 7.12248% | 4.50 | 1.5 Mil | Securitized |
United States