- ISIN
- US76882K7697
- CUSIP
- 76882K769
- Issuer
- RiverPark Funds
- Inception Date
- Sep 30, 2013
- Category
- High Yield Bonds
- Min. Investment
- $50,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
RSIIX Performance Chart
RiverPark Strategic Income Fund (RSIIX) is up 1.7% since the beginning of the year. RSIIX is currently trading at $8 per share. Investors who bought $1,000 worth of RSIIX shares 5 years ago would now be looking at an investment worth $1,282.
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Returns By Period
RiverPark Strategic Income Fund (RSIIX) has returned 1.69% so far this year and 5.46% over the past 12 months. Over the last ten years, RSIIX has returned 5.17% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
RiverPark Strategic Income Fund
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.69%
- 6M
- 1.62%
- 1Y
- 5.46%
- 3Y*
- 7.06%
- 5Y*
- 5.09%
- 10Y*
- 5.17%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
RSIIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2014, RSIIX's average daily return is +0.02%, while the average monthly return is +0.38%. At this rate, an investment would double in approximately 15.2 years.
Historically, 77% of months were positive and 23% were negative. The best month was Jun 2020 with a return of +3.9%, while the worst month was Mar 2020 at -12.6%. The longest winning streak lasted 23 consecutive months, and the longest losing streak was 5 months.
On a daily basis, RSIIX closed higher 36% of trading days. The best single day was Dec 30, 2021 with a return of +1.7%, while the worst single day was Mar 9, 2020 at -3.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.65% | 0.30% | -0.59% | 1.39% | -0.06% | 0.00% | 1.69% | ||||||
| 2025 | 0.35% | 0.86% | -0.12% | -0.50% | 1.30% | 1.06% | 1.01% | 1.06% | 0.41% | -0.06% | 0.13% | 0.40% | 6.04% |
| 2024 | 0.91% | 1.15% | 0.88% | 0.17% | 0.57% | 0.22% | 0.79% | 0.85% | 0.65% | 0.38% | 1.12% | 0.44% | 8.44% |
| 2023 | 1.72% | 0.73% | -0.46% | 1.30% | 0.49% | 0.55% | 1.01% | 0.58% | 0.15% | 0.34% | 1.27% | 1.54% | 9.59% |
| 2022 | 0.02% | 0.14% | 0.73% | -0.51% | -0.35% | -2.30% | 0.00% | 0.04% | -1.41% | -0.17% | 0.42% | 0.04% | -3.31% |
| 2021 | 2.54% | 2.36% | 0.84% | 0.29% | 1.09% | 0.06% | 0.23% | 0.65% | 0.61% | 0.64% | 1.07% | 0.69% | 11.60% |
Benchmark Metrics
RiverPark Strategic Income Fund has an annualized alpha of 3.77%, beta of 0.06, and R2 of 0.14 versus S&P 500 Index. Calculated based on daily prices since January 02, 2014.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (18.49%) than losses (10.04%) - typical of diversified or defensive assets.
- Beta of 0.06 may look defensive, but with R2 of 0.14 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 0.14 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
- 3.77%
- Beta
- 0.06
- R²
- 0.14
- Upside Capture
- 18.49%
- Downside Capture
- 10.04%
Expense Ratio
RSIIX has a high expense ratio of 1.18%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RSIIX ranks 68 for risk / return — better than 68% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for RiverPark Strategic Income Fund (RSIIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RSIIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.37 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 2.78 | +0.35 |
| Martin ratioReturn relative to average drawdown | 21.13 | 12.44 | +8.70 |
Dividends
Dividend History
RiverPark Strategic Income Fund provided a 7.42% dividend yield over the last twelve months, with an annual payout of $0.63 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.63 | $0.66 | $0.66 | $0.65 | $0.56 | $0.48 | $0.51 | $0.44 | $0.42 | $0.47 | $0.48 | $0.60 |
Dividend yield | 7.42% | 7.75% | 7.67% | 7.61% | 6.58% | 5.12% | 5.77% | 4.84% | 4.59% | 4.98% | 5.10% | 6.57% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.04 | $0.00 | $0.05 | $0.04 | $0.00 | $0.15 | ||||||
| 2025 | $0.00 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.08 | $0.12 | $0.66 |
| 2024 | $0.04 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.04 | $0.08 | $0.07 | $0.66 |
| 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 | $0.65 |
| 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 |
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 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 15.55%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current RiverPark Strategic Income Fund drawdown is 0.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -15.55%Mar 2020 | 28d | 8mo 16d | 9mo 14dFeb 2020 - Dec 2020 |
2016 pullback2016 | -7.79%Feb 2016 | 9mo 12d | 5mo 15d | 1y 2moMay 2015 - Jul 2016 |
Bear market2022 | -5.61%Nov 2022 | 10mo 13d | 8mo 14d | 1y 6moDec 2021 - Jul 2023 |
Rate-hike selloffLate 2018 | -1.81%Dec 2018 | 2mo 21d | 2mo 18d | 5mo 9dOct 2018 - Mar 2019 |
2026 pullback2026 | -1.79%Apr 2026 | 0s | 1mo 4d | 1mo 4dApr 2026 - Jun 2026 |
Drawdown Indicators
| RSIIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.55% | -56.78% | +41.23% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -9.10% | +7.31% |
Max Drawdown (3Y)Largest decline over 3 years | -1.79% | -18.90% | +17.11% |
Max Drawdown (5Y)Largest decline over 5 years | -5.61% | -25.43% | +19.82% |
Max Drawdown (10Y)Largest decline over 10 years | -15.55% | -33.92% | +18.37% |
Current DrawdownCurrent decline from peak | -0.24% | -1.80% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -10.71% | +9.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | 2.03% | -1.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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