Riverpark Strategic Income Fund
Data updated: 2023-12-14
C000130189 — Riverpark Strategic Income Fund. Developed ex-US Large Cap Value Equity · $242.36M AUM. Holdings, fees, performance and SEC filings.
C000130189 Fund Overview
Riverpark Strategic Income Fund is a US mutual fund managed by Riverpark Funds Trust, categorised as Developed ex-US Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Riverpark Funds Trust
- Category: Developed ex-US Large Cap Value Equity
- Assets under management: $242.36M
- 1-year return: -2.3%
- SEC CIK: 0001494928
- SEC series ID: S000041908
- Share class ID: C000130189
C000130189 Investment Objective and Strategy
Riverpark Strategic Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Riverpark Funds Trust.
Investment objective
"The RiverPark Strategic Income Fund (""RiverPark Strategic Income"" or the ""Fund"") seeks high current income and capital appreciation consistent with the preservation of capital."
Principal investment strategy
"RiverPark Strategic Income Fund seeks high current income and capital appreciation consistent with the preservation of capital by investing in both investment grade and non-investment grade debt, preferred stock, convertible bonds, bank loans, high yield bonds and iif I ncome producing equities (collectively ""Securities"") that Cohanzick Management, LLC (""Cohanzick""), RiverPark Strategic Income's sub-adviser, deems appropriate for the Fund's investment objective. Under normal circumstances, RiverPark Strategic Income 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 it believes are Money-Good (as described below), 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.
Other than for temporary purposes, the Fund will not borrow in order to gain leverage. Cohanzick analyzes each Security on a bottom-up basis and considers fixed income securities to be ""Money-Good"" if the enterprise value of the issuing company, when valued using what Cohanzick believes to be conservative valuation metrics, exceeds the value of the senior and pari passu debt of the considered investment. Pari passu debt is debt that ranks equally with the considered investment. For example, a $200 million debt issue with $300 million of senior debt of the same issuer may be considered by Cohanzick to be Money-Good if Cohanzick believed that the enterprise value of the issuing company was greater than $500 million. The Money-Good determination may be based on a variety of factors, including but not limited to, a multiple of Cohanzick's estimate of free cash flow, a review of the issuing company's balance sheet, and the issuing company's credit rating.
RiverPark Strategic Income will invest in fixed income securities of various credit qualities (i.e., investment grade and non-investment grade) and maturities (i.e., long-term, intermediate and short-term). RiverPark Strategic Income may invest up to 35% of its assets in foreign fixed income securities that Cohanzick believes are Money-Good. RiverPark Strategic Income may also invest up to 35% of its assets in income producing equities that either have a substantial dividend yield or where Cohanzick believes the issuing company will distribute significant assets over a certain period of time. The Fund will have the capability to short Securities, including ETFs, to hedge the portfolio if Cohanzick believes it is consistent with achieving the Fund's objective. RiverPark Strategic Income will be diversified by Security and by exposure to industries and sectors.
The Fund, however, may, from time to time, concentrate its investments in a specific credit quality, such as high-yield, or maturity, such as short-term. In addition to considering economic factors such as the effect of interest rates on RiverPark Strategic Income's investments, Cohanzick applies a ""bottom up"" approach in choosing investments. This means that Cohanzick looks at income-producing Securities on an individual basis to determine if a Security is an attractive investment opportunity and if it is consistent with the Fund's investment objective. If Cohanzick is unable to find such investments, the Fund's uninvested assets may be held in cash or similar investments, subject to the Fund's specific investment objective. Securities are generally held in the Fund's portfolio until maturity.
However, a Security may be sold prior to maturity. For example, a Security may be sold prior to maturity in light of a corporate action or announcement affecting the issuer. In addition, a Security may be purchased at a premium or discount and/or sold prior to maturity where Cohanzick believes it is advantageous to do so. There is no assurance that the Fund will achieve its investment objectives."
C000130189 Holdings
Top 10 holdings of Riverpark Strategic Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Mallinckrodt Intl | 4.35% |
| Rockpoint Gas Storage Canada Ltd. | 3.46% |
| Pbf Holding Company LLC | 3.24% |
| DISH DBS Corporation | 3.15% |
| Sanjel Canada Ltd. | 2.79% |
| Innovate Corp. | 2.65% |
| Linkem S.p.a. | 2.62% |
| Golar Lng Limited | 2.40% |
| Crown Castle International Corp. | 2.30% |
| Iea Energy Services LLC | 2.16% |
C000130189 Portfolio Allocation
Asset-class allocation of Riverpark Strategic Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 62.5% |
| Loans | 14.1% |
| Equity | 11.0% |
| Cash & Equivalents | 10.4% |
| Other | 4.2% |
C000130189 Performance
Total returns for C000130189 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -2.3% |
| 3 years (annualised) | 9.3% |
C000130189 Risk Information
Risk metrics for C000130189, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.5%
C000130189 Costs and Fees
C000130189 costs about $109 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.09%
- Gross expense ratio: 1.09%
- Portfolio turnover: 72%
C000130189 Cashflows
Over the 12 months to 2023-03, Riverpark Strategic Income Fund had net inflows of $326.51M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-03 | $27.77M |
| 2023-02 | $22.92M |
| 2023-01 | $43.22M |
| 2022-12 | $9.44M |
| 2022-11 | $46.06M |
| 2022-10 | $47.49M |
C000130189 Debt Constituents
Largest debt holdings of Riverpark Strategic Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Rockpoint Gas Storage Canada Ltd. | 3.46% |
| Pbf Holding Company LLC | 3.24% |
| DISH DBS Corporation | 3.15% |
| Sanjel Canada Ltd. | 2.79% |
| Innovate Corp. | 2.65% |
| Linkem S.p.a. | 2.62% |
| Golar Lng Limited | 2.40% |
| Iea Energy Services LLC | 2.16% |
| Hawaiian Airlines Pass Through Trust | 2.08% |
| Copper Mountain Mining Corporation | 1.98% |
C000130189 Prospectus and SEC Filings
Official Riverpark Strategic Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-01-26
- Prospectus (485BPOS) — filed 2022-01-26
- Prospectus supplement (497) — filed 2023-02-08
- Portfolio holdings (N-PORT) — filed 2023-05-30
- Portfolio holdings (N-PORT) — filed 2023-02-28
- Portfolio holdings (N-PORT) — filed 2022-11-29
- Annual census (N-CEN) — filed 2023-12-14
- Annual census (N-CEN) — filed 2022-12-14
Related Funds
Other Developed ex-US Large Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.