Line of Credit Average Annual Total Returns
AS OF 02/28/2025
Fund Inception 09/30/2010
| Return Type | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | Life |
|---|---|---|---|---|---|
FUND RiverPark Short Term High Yield Fund Class Retail | 5.29% | 4.80% | 3.51% | 2.83% | 3.03% |
PRIMARY BENCHMARK | 6.36% | 3.16% | 2.17% | 2.37% | 2.34% |
MORNINGSTAR CATEGORY AVERAGE | 9.02% | 4.50% | 4.42% | 4.27% | -- |
Rank in Morningstar Category | 99% | 36% | 84% | 97% | -- |
# of Funds in Morningstar Category | 624 | 592 | 538 | 424 | -- |
Yield
| 02/28/2025 | ||
|---|---|---|
| -- | 3.65% | |
| -- | 4.96% |
Hypothetical Growth of $10,000
AS OF 02/28/2025
Please Wait
Calendar-Year Total Returns
AS OF 02/28/2025
| Return Type | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FUND RiverPark Short Term High Yield Fund Class Retail | 0.79% | 5.34% | 5.63% | 2.71% | 1.80% | 1.81% | 2.41% | 2.18% | 2.15% | 3.31% | 0.86% |
PRIMARY BENCHMARK | 1.23% | 5.40% | 5.61% | -4.05% | -0.01% | 4.16% | 5.43% | 1.62% | 1.91% | 2.39% | 1.01% |
MORNINGSTAR CATEGORY AVERAGE High Yield Bond | 1.83% | 7.63% | 12.08% | -10.09% | 4.77% | 4.91% | 12.62% | -2.59% | 6.47% | 13.30% | -4.01% |
+/- ICE BofA 1-3 Yr US Corp | -0.44% | -0.06% | 0.02% | 6.76% | 1.81% | -2.35% | -3.02% | 0.56% | 0.24% | 0.92% | -0.15% |
+/- High Yield Bond | -1.04% | -2.29% | -6.45% | 12.80% | -2.97% | -3.10% | -10.21% | 4.77% | -4.32% | -9.99% | 4.87% |
Quarter-End Average Annual Total Returns
AS OF 12/31/2024
Fund Inception 09/30/2010
1.2% AS OF 01/28/2025
| Return Type | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | Life |
|---|---|---|---|---|---|
FUND RiverPark Short Term High Yield Fund Class Retail | 5.34% | 4.55% | 3.44% | 2.81% | 3.01% |
PRIMARY BENCHMARK | 5.40% | 2.22% | 2.15% | 2.31% | 2.28% |
MORNINGSTAR CATEGORY AVERAGE | 7.63% | 2.78% | 3.72% | 4.33% | -- |
RiverPark Short Term High Yield Fund Class Retail | 3.13% | 2.69% | 2.00% | 1.52% | 1.67% |
| 4.26% | 0.13% | 1.31% | 2.00% | -- | |
RiverPark Short Term High Yield Fund Class Retail | 3.13% | 2.68% | 2.01% | 1.58% | 1.73% |
| 4.20% | 0.91% | 1.77% | 2.25% | -- |
Cumulative Total Returns
AS OF 02/28/2025
*AS OF 03/28/2025
Fund inception 09/30/2010
| Return Type | YTD (Daily)* | YTD (Monthly) | 1 Month | 3 Months | 6 Months |
|---|---|---|---|---|---|
FUND RiverPark Short Term High Yield Fund Class Retail | 0.89% | 0.79% | 0.24% | 1.14% | 2.47% |
PRIMARY BENCHMARK | -- | 1.23% | 0.72% | 1.46% | 2.37% |
MORNINGSTAR CATEGORY AVERAGE | -- | 1.83% | 0.58% | 1.43% | 3.44% |
Fund Risk and Return
AS OF 02/28/2025
Returns
Returns
This fund scores Average because it delivered returns that were in the middle 35% when compared to other funds within its Morningstar category.
How is it calculated?
This rating is based on a fund's Morningstar Return (its annualized return in excess to the return of the 90-day U.S. Treasury bill over a three-, five-, or ten-year period). The Morningstar Returns in each category are then scored against each other on a bell curve. In each Morningstar Category:
– top 10% - High
– next 22.5% - Above Average
– middle 35% - Average
– next 22.5% - Below Average
– bottom 10% - Low
– top 10% - High
– next 22.5% - Above Average
– middle 35% - Average
– next 22.5% - Below Average
– bottom 10% - Low
What does it mean?
While past performance is no guarantee of future results, the Morningstar Return shows how the fund has done in the past in comparison to similar funds in its peer group. It does not, however, show the effects of risk.
Therefore, the Morningstar Return is most helpful when used in conjunction with the Morningstar Risk Score. For example, an investor could use these two scores when comparing between funds that have the same Morningstar Star Rating and similar Morningstar Risk Adjusted Returns but different levels of risk.
Therefore, the Morningstar Return is most helpful when used in conjunction with the Morningstar Risk Score. For example, an investor could use these two scores when comparing between funds that have the same Morningstar Star Rating and similar Morningstar Risk Adjusted Returns but different levels of risk.
Risk
Risk
This fund scores Low because Morningstar has rated its risk below the 20th percentile when compared to other funds within its Morningstar category.
How is it calculated?
Risk is calculated using the Sharpe ratio, which compares portfolio returns to a rate comparable to U.S. Treasury bonds, relative to the fund's overall volatility. For this measure, Morningstar has compared the Sharpe ratio of this fund against all other funds that invest in it's Morningstar Category.
What does it mean?
A higher Sharpe implies better risk-adjusted returns. Therefore, if a fund has a Sharpe ratio higher than its category average, it's returns relative to it's risk were better than other similar funds. If its Sharpe ratio is lower, that's usually a sign that the risk-adjusted returns were lower than other similar funds.
Risk of this Type of Fund
Risk of this Type of Fund
Morningstar assigns a risk level to each of its mutual fund categories. These risk levels range from 1 for those funds with least amount of risk to 10 for those with the greatest amount of risk.
How is it calculated?
Morningstar calculates these risk levels by looking at the Morningstar Risk of the funds in the Category over the previous 5-year period. Morningstar Risk is the difference between the Morningstar Return, based on fund total returns, and the Morningstar Risk Adjusted Return, based on fund total returns adjusted for performance volatility. The Category Risk Level is based on the equal weighted average Morningstar Risk of the funds in the category. Morningstar's Research Committee evaluates the Category Morningstar Risk and assigns the Category Risk Level after further qualitative judgment.
What does it mean?
This score can help you understand the risk involved with a particular Morningstar category of funds, which may be helpful in evaluating the risk associated with a specific investment. The Category Risk Level is based on the equal weighted average performance of the funds in the category. It does not reflect the risk associated with any individual fund or the relative risk of a fund within a particular Morningstar category. Because the score is based on past performance, it may not reflect the future risk of the category. In addition to risk, you should evaluate a fund's investment objective, strategy, fees and other characteristics before making your investment decision.
Risk
The fund may invest in lower-quality debt securities that involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible. Additional risk information for this product may be found in the prospectus or other product materials, if available.
Volatility Measures
Historical Fund Performance
Most recent year's data as of: 02/28/2025
Year | Total Returns | ||
|---|---|---|---|
| 2025 | 0.79% | $0.0656 | $52.66 |
| 2024 | 5.34% | $0.502 | $26.68 |
| 2023 | 5.63% | $0.4667 | $20.31 |
| 2022 | 2.71% | $0.3073 | $27.49 |
| 2021 | 1.80% | $0.1718 | $61.75 |
| 2020 | 1.81% | $0.2124 | $71.81 |
| 2019 | 2.41% | $0.2519 | $28.75 |
| 2018 | 2.18% | $0.2499 | $45.81 |
| 2017 | 2.15% | $0.2372 | $104.48 |
| 2016 | 3.31% | $0.2569 | $248.15 |