RiverPark Floating Rate CMBS Fund (RCRIX)
The investment seeks to generate current income and capital appreciation consistent with the preservation of capital. The fund will invest in commercial mortgage backed securities ("CMBS"), predominately in the United States. Under normal circumstances, the fund may invest up to 100% of its assets in fixed income securities of which no less than 80% of its net assets (plus the amount of any borrowings for investment purposes) will be invested in floating rate CMBS. The advisor seeks to generate its returns primarily from its investments' monthly cash distributions and secondarily through opportunistic trading. The fund is non-diversified.
Fund Info
US76882K6608
76882K660
Sep 29, 2016
$50,000
Expense Ratio
RCRIX has an expense ratio of 0.85%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in RiverPark Floating Rate CMBS Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
RiverPark Floating Rate CMBS Fund (RCRIX) returned 1.56% year-to-date (YTD) and 7.17% over the past 12 months.
RCRIX
1.56%
1.89%
2.64%
7.17%
6.01%
N/A
^GSPC (Benchmark)
-3.77%
3.72%
-5.60%
8.55%
14.11%
10.45%
Monthly Returns
The table below presents the monthly returns of RCRIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.49% | 0.34% | 0.11% | 0.39% | 0.23% | 1.56% | |||||||
| 2024 | 1.49% | 0.84% | 0.95% | 0.57% | 0.73% | 0.14% | 0.68% | 0.50% | 1.61% | 0.45% | 1.00% | 0.63% | 10.02% |
| 2023 | 2.60% | 1.12% | -1.96% | 1.45% | 1.20% | 1.03% | 1.09% | 0.67% | 0.52% | 0.29% | 0.24% | 1.26% | 9.87% |
| 2022 | -0.14% | -0.97% | 0.07% | -0.06% | -1.72% | -0.56% | 0.65% | 1.06% | -1.16% | 0.43% | 0.78% | 0.94% | -0.71% |
| 2021 | 1.88% | 0.07% | -0.02% | 0.19% | 0.17% | 0.22% | 0.21% | 0.11% | 0.13% | -0.10% | -0.19% | 0.12% | 2.81% |
| 2020 | 0.48% | 0.04% | -22.03% | 8.98% | 1.47% | 4.38% | 1.84% | 1.04% | -0.40% | -0.63% | -1.10% | 0.41% | -8.50% |
| 2019 | 0.78% | 0.59% | 0.30% | 0.43% | 0.23% | 0.49% | 0.51% | -0.01% | 0.32% | 0.38% | 0.16% | 0.17% | 4.45% |
| 2018 | 0.38% | 0.27% | 0.25% | 0.43% | 0.40% | 0.06% | 0.48% | 0.29% | 0.21% | 0.24% | 0.20% | -2.07% | 1.11% |
| 2017 | 0.50% | 0.20% | 0.10% | 0.30% | 0.20% | -0.20% | 0.30% | 0.10% | 0.08% | 0.30% | 0.28% | -0.25% | 1.91% |
| 2016 | -0.00% | 0.10% | 0.20% | 0.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, RCRIX is among the top 2% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for RiverPark Floating Rate CMBS Fund (RCRIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
RiverPark Floating Rate CMBS Fund provided a 6.23% dividend yield over the last twelve months, with an annual payout of $0.55 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.61 | $0.68 | $0.32 | $0.21 | $0.28 | $0.33 | $0.36 | $0.11 |
Dividend yield | 6.23% | 6.86% | 7.91% | 3.80% | 2.34% | 3.17% | 3.35% | 3.60% | 1.11% |
Monthly Dividends
The table displays the monthly dividend distributions for RiverPark Floating Rate CMBS Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.04 | $0.04 | $0.03 | $0.00 | $0.16 | |||||||
| 2024 | $0.06 | $0.05 | $0.04 | $0.06 | $0.05 | $0.04 | $0.06 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.61 |
| 2023 | $0.03 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.06 | $0.68 |
| 2022 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.05 | $0.05 | $0.32 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.01 | $0.01 | $0.01 | $0.21 |
| 2020 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2019 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.11 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the RiverPark Floating Rate CMBS Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the RiverPark Floating Rate CMBS Fund was 30.00%, occurring on Mar 25, 2020. Recovery took 876 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -30% | Feb 26, 2020 | 21 | Mar 25, 2020 | 876 | Sep 18, 2023 | 897 |
| -2.27% | Dec 7, 2018 | 13 | Dec 26, 2018 | 86 | May 1, 2019 | 99 |
| -1.93% | Mar 31, 2025 | 10 | Apr 11, 2025 | 10 | Apr 28, 2025 | 20 |
| -0.59% | Dec 15, 2017 | 1 | Dec 15, 2017 | 28 | Jan 29, 2018 | 29 |
| -0.39% | Apr 28, 2017 | 1 | Apr 28, 2017 | 13 | May 17, 2017 | 14 |
Volatility
Volatility Chart
The current RiverPark Floating Rate CMBS Fund volatility is 1.06%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.