- ISIN
- US76882K6608
- CUSIP
- 76882K660
- Issuer
- RiverPark Funds
- Inception Date
- Sep 29, 2016
- Category
- Bank Loan
- Min. Investment
- $50,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
RCRIX Performance Chart
RiverPark Floating Rate CMBS Fund (RCRIX) is up 1.9% since the beginning of the year. RCRIX is currently trading at $9 per share. Investors who bought $1,000 worth of RCRIX shares 5 years ago would now be looking at an investment worth $1,296.
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Returns By Period
RiverPark Floating Rate CMBS Fund (RCRIX) has returned 1.91% so far this year and 5.18% over the past 12 months.
RiverPark Floating Rate CMBS Fund
- 1D
- 0.00%
- 1M
- 0.47%
- YTD
- 1.91%
- 6M
- 2.31%
- 1Y
- 5.18%
- 3Y*
- 7.58%
- 5Y*
- 5.32%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
RCRIX Monthly Returns History
Based on dividend-adjusted daily data since Jun 12, 2017, RCRIX's average daily return is +0.03%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.
Historically, 82% of months were positive and 18% were negative. The best month was Apr 2020 with a return of +9.0%, while the worst month was Mar 2020 at -22.0%. The longest winning streak lasted 38 consecutive months, and the longest losing streak was 3 months.
On a daily basis, RCRIX closed higher 27% of trading days. The best single day was Apr 30, 2018 with a return of +5.3%, while the worst single day was Mar 20, 2020 at -14.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.50% | 0.26% | 0.08% | 0.59% | 0.47% | 0.00% | 1.91% | ||||||
| 2025 | 0.49% | 0.34% | 0.11% | 0.39% | 0.93% | 0.61% | 0.48% | 0.56% | 0.38% | 0.41% | 0.33% | 0.40% | 5.56% |
| 2024 | 1.48% | 0.84% | 0.96% | 0.57% | 0.73% | 0.13% | 0.68% | 0.50% | 1.61% | 0.45% | 1.00% | 0.63% | 10.01% |
| 2023 | 2.60% | 1.11% | -1.96% | 1.45% | 1.20% | 1.02% | 1.08% | 0.67% | 0.52% | 0.28% | 0.25% | 1.26% | 9.85% |
| 2022 | -0.13% | -0.98% | 0.06% | -0.05% | -1.72% | -0.56% | 0.65% | 1.06% | -1.16% | 0.43% | 0.78% | 0.94% | -0.72% |
| 2021 | 1.87% | 0.07% | -0.03% | 0.19% | 0.17% | 0.22% | 0.21% | 0.11% | 0.13% | -0.10% | -0.19% | 0.13% | 2.81% |
Benchmark Metrics
RiverPark Floating Rate CMBS Fund has an annualized alpha of 8.37%, beta of 0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since June 13, 2017.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (25.38%) than losses (3.88%) - typical of diversified or defensive assets.
- Beta of 0.03 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 8.37%
- Beta
- 0.03
- R²
- 0.01
- Upside Capture
- 25.38%
- Downside Capture
- 3.88%
Expense Ratio
RCRIX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
RCRIX ranks 100 for risk / return — in the top 100% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for RiverPark Floating Rate CMBS Fund (RCRIX) and compare them to S&P 500 Index.
| RCRIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 6.73 | 2.39 | +4.34 |
Sortino ratioReturn per unit of downside risk | 19.90 | 3.25 | +16.65 |
Omega ratioGain probability vs. loss probability | 8.37 | 1.43 | +6.94 |
Calmar ratioReturn relative to maximum drawdown | 27.45 | 3.11 | +24.34 |
Martin ratioReturn relative to average drawdown | 171.13 | 14.38 | +156.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
RiverPark Floating Rate CMBS Fund provided a 4.95% dividend yield over the last twelve months, with an annual payout of $0.44 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.47 | $0.61 | $0.68 | $0.32 | $0.21 | $0.28 | $0.34 | $4.85 | $0.37 |
Dividend yield | 4.95% | 5.30% | 6.85% | 7.90% | 3.80% | 2.34% | 3.16% | 3.36% | 49.16% | 3.64% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.00 | $0.17 | ||||||
| 2025 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.47 |
| 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 | $0.06 | $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 |
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.
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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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -30.00%Mar 2020 | 28d | 3y 5mo | 3y 6moFeb 2020 - Sep 2023 |
2025 selloff2025 | -1.93%Apr 2025 | 11d | 17d | 28dMar 2025 - Apr 2025 |
Rate-hike selloffLate 2018 | -1.37%Dec 2018 | 23d | 1mo 28d | 2mo 21dDec 2018 - Feb 2019 |
2017 pullback2017 | -0.79%Dec 2017 | 28d | 1mo 3d | 2mo 1dDec 2017 - Jan 2018 |
2024 pullback2024 | -0.69%Jan 2024 | 5d | 16d | 21dDec 2023 - Jan 2024 |
Drawdown Indicators
| RCRIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.00% | -56.78% | +26.78% |
Max Drawdown (1Y)Largest decline over 1 year | -0.19% | -9.10% | +8.91% |
Max Drawdown (3Y)Largest decline over 3 years | -1.93% | -18.90% | +16.97% |
Max Drawdown (5Y)Largest decline over 5 years | -3.75% | -25.43% | +21.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.01% | -10.72% | +7.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.97% | -1.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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