RiverPark Long/Short Opportunity Fund (RLSIX)
The fund seeks long-term capital appreciation while managing downside volatility by investing long in equity securities that RiverPark believes have above-average growth prospects and selling short equity securities the Adviser believes are competitively disadvantaged over the long term. It invests primarily in the securities of U.S. companies, but it may also invest outside the U.S. The fund limits its investments in the securities of foreign issuers to no more than 15% of its assets.
Fund Info
ISIN | US76882K8505 |
---|---|
CUSIP | 76882K850 |
Issuer | RiverPark Funds |
Inception Date | Mar 29, 2012 |
Category | Long-Short |
Min. Investment | $50,000 |
Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
RLSIX has a high expense ratio of 1.75%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: RLSIX vs. SPY, RLSIX vs. AGG
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in RiverPark Long/Short Opportunity 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 Long/Short Opportunity Fund had a return of 9.45% year-to-date (YTD) and 21.76% in the last 12 months. Over the past 10 years, RiverPark Long/Short Opportunity Fund had an annualized return of 4.90%, while the S&P 500 had an annualized return of 10.87%, indicating that RiverPark Long/Short Opportunity Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 9.45% | 18.10% |
1 month | 1.82% | 1.42% |
6 months | 3.63% | 10.08% |
1 year | 21.76% | 26.58% |
5 years (annualized) | 3.52% | 13.42% |
10 years (annualized) | 4.90% | 10.87% |
Monthly Returns
The table below presents the monthly returns of RLSIX, 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 2.85% | 3.65% | 0.23% | -3.59% | 2.22% | 4.95% | -3.61% | 2.68% | 9.45% | ||||
2023 | 11.37% | -3.05% | 6.62% | -0.10% | 6.22% | 4.22% | 4.51% | -2.38% | -4.33% | -0.28% | 12.87% | 2.85% | 43.85% |
2022 | -16.05% | -9.08% | -2.76% | -23.89% | -4.78% | -10.55% | 10.22% | -5.71% | -8.54% | 4.49% | 3.39% | -6.67% | -53.89% |
2021 | -2.87% | 6.53% | -5.55% | 7.23% | -2.79% | 8.40% | 0.45% | 1.64% | -4.75% | 4.52% | -6.93% | -2.27% | 2.10% |
2020 | 6.49% | -3.93% | 7.01% | 8.35% | 6.12% | 2.78% | 5.68% | 2.19% | 1.41% | -0.36% | 3.63% | 5.78% | 54.74% |
2019 | 6.76% | 1.54% | 1.77% | 4.22% | -1.03% | 2.57% | 1.25% | 0.62% | -3.30% | 0.56% | 2.21% | 1.55% | 20.00% |
2018 | 6.81% | -2.85% | -1.16% | 1.72% | 3.99% | -1.40% | 0.97% | 3.56% | -0.07% | -7.60% | -0.62% | -4.72% | -2.20% |
2017 | 4.25% | 2.04% | 1.73% | 2.95% | 1.56% | 0.51% | 2.38% | 1.41% | 1.23% | 3.32% | 0.94% | -2.04% | 22.10% |
2016 | -5.13% | -3.00% | 4.54% | -0.30% | 1.88% | -6.03% | 5.17% | 0.10% | 1.08% | -2.24% | 1.89% | 0.97% | -1.71% |
2015 | -1.81% | 2.82% | 0.00% | 2.65% | 0.83% | -0.37% | 1.65% | -4.42% | -4.72% | 6.84% | 0.19% | -2.50% | 0.57% |
2014 | -0.09% | 0.64% | -2.10% | -0.19% | 0.47% | -0.19% | 0.09% | 0.00% | -2.23% | 0.76% | 0.38% | -1.50% | -3.94% |
2013 | 2.36% | -2.11% | 1.23% | -0.61% | 0.92% | -2.12% | 0.72% | -0.10% | 3.59% | 1.39% | 3.13% | 3.22% | 12.02% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RLSIX is 40, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for RiverPark Long/Short Opportunity Fund (RLSIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
RiverPark Long/Short Opportunity Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
---|---|---|---|---|---|---|---|---|
Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.40 | $1.28 | $0.16 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 11.94% | 11.66% | 1.26% |
Monthly Dividends
The table displays the monthly dividend distributions for RiverPark Long/Short Opportunity 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.40 | $1.40 |
2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.28 | $1.28 |
2017 | $0.16 | $0.16 |
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 Long/Short Opportunity 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 Long/Short Opportunity Fund was 60.82%, occurring on Oct 14, 2022. The portfolio has not yet recovered.
The current RiverPark Long/Short Opportunity Fund drawdown is 35.59%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-60.82% | Oct 22, 2021 | 247 | Oct 14, 2022 | — | — | — |
-16.32% | Oct 2, 2018 | 58 | Dec 24, 2018 | 84 | Apr 26, 2019 | 142 |
-16.05% | Jul 23, 2015 | 141 | Feb 11, 2016 | 301 | Apr 24, 2017 | 442 |
-15.61% | Feb 17, 2021 | 61 | May 13, 2021 | 29 | Jun 24, 2021 | 90 |
-13.34% | Feb 20, 2020 | 18 | Mar 16, 2020 | 8 | Mar 26, 2020 | 26 |
Volatility
Volatility Chart
The current RiverPark Long/Short Opportunity Fund volatility is 3.80%, 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.