Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
RiverPark Strategic Income Institutional RSIIX
- NAV / 1-Day Return 8.68 / 0.00 %
- Total Assets 504.0 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.980%
- Distribution Fee Level High
- Share Class Type Institutional
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 5,000
- Status Open
- TTM Yield 7.77%
- 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 RSIIX
Will RSIIX 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 23.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
EUR/USD FWD 20240715 Purchased | 11.50 | 50.2 Mil | Derivative |
First American Treasury Obligs X | 4.59 | 20.0 Mil | Cash and Equivalents |
First American Government Obligs X | 4.59 | 20.0 Mil | Cash and Equivalents |
Mangrove Luxco III SARL 7.78% | 3.49 | 15.2 Mil | Corporate |
Summit Midstream Holdings, LLC / Summit Midstream Finance Corp. 10% | 3.09 | 13.5 Mil | Corporate |
NAI Entertainment Holdings LLC | 2.85 | 12.4 Mil | Corporate |
SEK/USD FWD 20240715 Purchased | 2.78 | 12.1 Mil | Derivative |
FORUM ENERGY TECHNOLOGIE 2ND LIEN 11% 12/8/26 | 2.57 | 11.2 Mil | Corporate |
StoneX Group Inc 7.88% | 2.44 | 10.7 Mil | Corporate |
InfraBuild Australia Pty Ltd 14.5% | 2.35 | 10.3 Mil | Corporate |