Address And Details

430 West 7th Street , Kansas City, MO 64105
Fund Manager David Sherman
Manager Tenure 10 Years 6 Months

Strategy And Objective

Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or turns over its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund's performance. During the fiscal year ended September 30, 2019, the Fund's portfolio turnover rate was 112% of the average value of its portfolio.Principal Investment Strategies RiverPark Short Term seeks high current income and capital appreciation consistent with the preservation of capital by investing in short term debt,preferred stock, convertible bonds, bank loans and high yield bonds (collectively, Securities ), such as securities issued by the U.S. Government, its agencies and instrumentalities, or corporate bonds or notes that Cohanzick Management, LLC ( Cohanzick ), RiverPark Short Terms sub-adviser,deems appropriate for the Fund's investment objective. Under normal circumstances, RiverPark Short Term will invest no less than 80% of its netassets (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. The Fund will maintain a dollar-weighted average effective maturity of no more than three years. However, the Fund may invest up to 25% of its assets in Securities that have not been called or tendered having a maturity date in excess of three years. The effective maturity of a Security will be defined as the shorter of the contractual maturity of a security or the date Cohanzick reasonably believes that because of a Qualifying Feature (as described below) a Security will be redeemed earlier than the contractual maturity date. Qualifying Feature means any of the following: (a) an announcement, or when Cohanzick reasonably believes such an announcement will be made,of the issuer such as an issuer announcement of an early redemption; (b) a relevant contractual feature of the Security, such as provisions allow ingholders a mandatory put date; (c) a specific attribute of such Security such as contractual sinking fund requirements and/or cash flow sweeps.In addition to considering economic factors such as the effect of interest rates on RiverPark Short Terms investments, Cohanzick applies a bottomup approach in choosing investments. This means that Cohanzick looks at income-producing Securities one at a time to determine if a Security is anattractive 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 or effective 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 discount and/or sold prior to maturity where Cohanzick believes it is advantageous to do so.

Net Asset Value

as of 6:12 PM ET 09/23/2021


  • 1 Week
  • -0.10%
  • 1 Month
  • -0.10%
  • 3 Months
  • -0.10%
  • 1 Yr Return
  • +0.10%
  • 5 Yr Return
  • -1.23%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 97.36%
Other 2.18%
Stocks 0.46%
Cash 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 71.67 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.73 1.02 1.86
Beta 0.03 0.01 0.04
R Squared 0.01 0.00 0.02
Std Deviation 1.04 0.85 0.85
Sharpe Ratio 0.85 1.21 n/a

Purchase Information

as of 6:04 PM ET 09/22/2021
Minimum Initial n/a
Minimum Additional $0
Minimum Initial IRA $99


Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 05/31/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 05/31/2021
1 Year
  • +2.20%
  • +2.77%
+2.20% +2.77%
3 Year
  • +1.96%
  • +2.04%
+1.96% +2.04%
10 Year
  • +2.57%
  • +2.55%
+2.57% +2.55%
Life Of Fund
  • +2.64%
  • +2.65%
+2.64% +2.65%

Top 10 Holdings

Symbol Company Name % Of Assets


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