RiverPark Short Term High Yield Fund (RPHIX)
Under normal circumstances, the fund will invest no less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in high yield Securities rated BB or below by a Rating Agency or, if unrated, determined by Cohanzick to be of comparable quality. It will maintain a dollar-weighted average effective maturity of no more than three years.
Fund Info
ISIN | US76882K7028 |
---|---|
CUSIP | 76882K702 |
Issuer | RiverPark Funds |
Inception Date | Sep 30, 2010 |
Category | High Yield Bonds |
Min. Investment | $50,000 |
Asset Class | Bond |
Expense Ratio
RPHIX features an expense ratio of 0.89%, falling within the medium range.
Share Price Chart
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Popular comparisons: RPHIX vs. VTIP
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in RiverPark Short Term High Yield 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 Short Term High Yield Fund had a return of 4.18% year-to-date (YTD) and 6.31% in the last 12 months. Over the past 10 years, RiverPark Short Term High Yield Fund had an annualized return of 3.00%, while the S&P 500 had an annualized return of 10.88%, indicating that RiverPark Short Term High Yield Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 4.18% | 18.13% |
1 month | 0.60% | 1.45% |
6 months | 2.86% | 8.81% |
1 year | 6.31% | 26.52% |
5 years (annualized) | 3.45% | 13.43% |
10 years (annualized) | 3.00% | 10.88% |
Monthly Returns
The table below presents the monthly returns of RPHIX, 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 | 0.47% | 0.50% | 0.48% | 0.44% | 0.50% | 0.55% | 0.37% | 0.49% | 4.18% | ||||
2023 | 0.47% | 0.29% | 0.46% | 0.42% | 0.48% | 0.20% | 0.56% | 0.59% | 0.41% | 0.35% | 0.84% | 0.64% | 5.87% |
2022 | 0.06% | 0.06% | -0.02% | 0.04% | 0.34% | -0.20% | 0.69% | 0.27% | -0.05% | 0.47% | 0.85% | 0.42% | 2.96% |
2021 | 0.12% | 0.16% | 0.22% | 0.22% | 0.19% | 0.26% | 0.14% | 0.12% | -0.03% | 0.23% | 0.04% | 0.36% | 2.05% |
2020 | 0.39% | 0.02% | -1.09% | 0.38% | 0.18% | 0.61% | 0.24% | 0.22% | 0.22% | 0.19% | 0.30% | 0.28% | 1.95% |
2019 | 0.68% | 0.45% | 0.26% | 0.45% | 0.14% | 0.32% | 0.08% | -0.06% | 0.33% | -0.01% | -0.16% | 0.26% | 2.77% |
2018 | 0.33% | 0.11% | 0.17% | 0.53% | 0.04% | 0.16% | 0.46% | 0.26% | 0.21% | 0.06% | 0.14% | -0.06% | 2.44% |
2017 | 0.31% | 0.20% | 0.25% | 0.21% | 0.22% | 0.15% | 0.16% | 0.24% | 0.26% | 0.24% | 0.14% | 0.10% | 2.50% |
2016 | -0.07% | 0.59% | 0.46% | 0.23% | 0.20% | 0.38% | 0.36% | 0.35% | 0.25% | 0.30% | 0.19% | 0.16% | 3.45% |
2015 | 0.25% | 0.26% | 0.18% | 0.38% | 0.11% | 0.06% | 0.18% | -0.55% | 0.07% | 0.31% | -0.03% | -0.01% | 1.22% |
2014 | 0.37% | 0.18% | 0.42% | 0.24% | 0.29% | 0.43% | -0.03% | 0.49% | -0.08% | 0.28% | 0.39% | 0.10% | 3.11% |
2013 | 0.31% | 0.34% | 0.31% | 0.36% | 0.04% | 0.06% | 0.50% | 0.19% | 0.34% | 0.48% | 0.40% | 0.25% | 3.64% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of RPHIX is 100, placing it in the top 0% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for RiverPark Short Term High Yield Fund (RPHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
RiverPark Short Term High Yield Fund granted a 5.59% dividend yield in the last twelve months. The annual payout for that period amounted to $0.54 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.54 | $0.49 | $0.33 | $0.20 | $0.24 | $0.28 | $0.28 | $0.26 | $0.28 | $0.31 | $0.39 | $0.34 |
Dividend yield | 5.59% | 5.08% | 3.46% | 2.03% | 2.44% | 2.85% | 2.83% | 2.68% | 2.87% | 3.19% | 3.89% | 3.38% |
Monthly Dividends
The table displays the monthly dividend distributions for RiverPark Short Term High Yield 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 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.03 | $0.05 | $0.04 | $0.00 | $0.35 | |||
2023 | $0.04 | $0.03 | $0.03 | $0.03 | $0.05 | $0.04 | $0.03 | $0.05 | $0.04 | $0.04 | $0.04 | $0.07 | $0.49 |
2022 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.14 | $0.33 |
2021 | $0.01 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 | $0.20 |
2020 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.24 |
2019 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.01 | $0.03 | $0.28 |
2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.28 |
2017 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.01 | $0.02 | $0.01 | $0.26 |
2016 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.28 |
2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.31 |
2014 | $0.03 | $0.04 | $0.03 | $0.02 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.04 | $0.03 | $0.02 | $0.34 |
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 Short Term High Yield 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 Short Term High Yield Fund was 3.16%, occurring on Mar 23, 2020. Recovery took 79 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-3.16% | Feb 14, 2020 | 26 | Mar 23, 2020 | 79 | Jul 15, 2020 | 105 |
-0.93% | Jul 23, 2015 | 23 | Aug 24, 2015 | 127 | Feb 25, 2016 | 150 |
-0.92% | Dec 7, 2021 | 1 | Dec 7, 2021 | 154 | Jul 20, 2022 | 155 |
-0.8% | Aug 2, 2011 | 6 | Aug 9, 2011 | 48 | Oct 17, 2011 | 54 |
-0.51% | Nov 19, 2014 | 19 | Dec 16, 2014 | 10 | Dec 31, 2014 | 29 |
Volatility
Volatility Chart
The current RiverPark Short Term High Yield Fund volatility is 0.21%, 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.