RiverPark Strategic Income Fund (RSIIX)
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 (1) fixed income securities that the advisor believes are Money-Good, and for which, in the opinion of Cohanzick, if held to maturity, there is only a limited risk of loss of principal and (2) income producing equities, for which, in the opinion of Cohanzick, the issuing company has the resources to sustain its distributions.
Fund Info
| ISIN | US76882K7697 |
|---|---|
| CUSIP | 76882K769 |
| Issuer | RiverPark Funds |
| Inception Date | Sep 30, 2013 |
| Category | High Yield Bonds |
| Min. Investment | $50,000 |
| Asset Class | Bond |
Expense Ratio
RSIIX has a high expense ratio of 1.18%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in RiverPark Strategic Income 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 Strategic Income Fund had a return of 6.13% year-to-date (YTD) and 9.30% in the last 12 months. Over the past 10 years, RiverPark Strategic Income Fund had an annualized return of 4.16%, while the S&P 500 had an annualized return of 10.88%, indicating that RiverPark Strategic Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.13% | 18.13% |
| 1 month | 0.87% | 1.45% |
| 6 months | 3.48% | 8.81% |
| 1 year | 9.30% | 26.52% |
| 5 years (annualized) | 5.49% | 13.43% |
| 10 years (annualized) | 4.16% | 10.88% |
Monthly Returns
The table below presents the monthly returns of RSIIX, 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 | 0.89% | 1.12% | 0.94% | 0.17% | 0.53% | 0.28% | 0.74% | 0.83% | 6.13% | ||||
| 2023 | 1.72% | 0.73% | -0.46% | 1.30% | 0.55% | 0.55% | 0.98% | 0.62% | 0.12% | 0.27% | 1.37% | 1.52% | 9.63% |
| 2022 | 0.02% | 0.14% | 0.73% | -0.51% | -0.34% | -2.30% | 0.01% | 0.04% | -1.41% | -0.16% | 0.42% | 0.04% | -3.31% |
| 2021 | 2.54% | 2.36% | 0.84% | 0.29% | 1.09% | 0.06% | 0.24% | 0.65% | 0.60% | 0.64% | 1.07% | 0.69% | 11.60% |
| 2020 | 0.81% | -1.09% | -12.61% | 2.99% | 2.66% | 3.87% | 1.42% | 1.73% | 0.49% | -1.01% | 2.97% | 2.27% | 3.43% |
| 2019 | 1.11% | 0.37% | 0.46% | 0.79% | -0.06% | 0.42% | 0.05% | -0.12% | -0.25% | 0.28% | -0.26% | 0.67% | 3.50% |
| 2018 | 0.80% | -0.04% | 0.04% | 0.74% | 0.01% | 0.21% | 0.50% | 0.37% | 0.33% | -0.32% | -0.43% | -0.85% | 1.36% |
| 2017 | 0.90% | 0.71% | 0.43% | 0.56% | 0.52% | 0.25% | 0.34% | 0.07% | 0.50% | 0.28% | -0.34% | 0.52% | 4.84% |
| 2016 | -1.06% | -0.52% | 1.32% | 1.56% | 2.12% | 1.44% | 1.35% | 0.94% | 0.75% | 0.54% | 0.25% | 1.13% | 10.24% |
| 2015 | 0.40% | 0.50% | 0.54% | 0.70% | -0.23% | -0.49% | -0.48% | -1.52% | -0.68% | 0.08% | -1.46% | -1.23% | -3.83% |
| 2014 | 0.73% | 0.90% | 0.91% | 0.67% | 0.56% | 0.72% | 0.02% | 0.37% | -0.44% | 0.11% | 0.30% | -0.76% | 4.15% |
| 2013 | 1.04% | 0.82% | 0.64% | 2.52% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of RSIIX is 99, placing it in the top 1% 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 Strategic Income Fund (RSIIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
RiverPark Strategic Income Fund granted a 7.71% dividend yield in the last twelve months. The annual payout for that period amounted to $0.67 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.67 | $0.66 | $0.56 | $0.48 | $0.51 | $0.44 | $0.42 | $0.47 | $0.52 | $0.60 | $0.55 | $0.07 |
Dividend yield | 7.71% | 7.61% | 6.58% | 5.12% | 5.77% | 4.84% | 4.59% | 4.98% | 5.52% | 6.57% | 5.47% | 0.70% |
Monthly Dividends
The table displays the monthly dividend distributions for RiverPark Strategic Income 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 | $0.04 | $0.06 | $0.06 | $0.04 | $0.06 | $0.06 | $0.06 | $0.05 | $0.00 | $0.43 | |||
| 2023 | $0.06 | $0.04 | $0.06 | $0.06 | $0.03 | $0.03 | $0.09 | $0.05 | $0.04 | $0.05 | $0.06 | $0.09 | $0.66 |
| 2022 | $0.03 | $0.03 | $0.04 | $0.03 | $0.02 | $0.03 | $0.04 | $0.04 | $0.03 | $0.05 | $0.04 | $0.17 | $0.56 |
| 2021 | $0.03 | $0.01 | $0.04 | $0.04 | $0.02 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.15 | $0.48 |
| 2020 | $0.03 | $0.06 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.07 | $0.51 |
| 2019 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.44 |
| 2018 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.42 |
| 2017 | $0.05 | $0.04 | $0.05 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2016 | $0.03 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.52 |
| 2015 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.06 | $0.05 | $0.60 |
| 2014 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.55 |
| 2013 | $0.02 | $0.01 | $0.03 | $0.07 |
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 Strategic Income 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 Strategic Income Fund was 15.54%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.54% | Feb 24, 2020 | 21 | Mar 23, 2020 | 179 | Dec 4, 2020 | 200 |
| -7.79% | May 5, 2015 | 196 | Feb 11, 2016 | 113 | Jul 25, 2016 | 309 |
| -5.06% | Mar 31, 2022 | 155 | Nov 9, 2022 | 151 | Jun 20, 2023 | 306 |
| -1.81% | Oct 4, 2018 | 56 | Dec 24, 2018 | 52 | Mar 12, 2019 | 108 |
| -1.71% | Aug 27, 2014 | 78 | Dec 16, 2014 | 58 | Mar 12, 2015 | 136 |
Volatility
Volatility Chart
The current RiverPark Strategic Income Fund volatility is 0.23%, 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.