Address And Details

430 West 7th Street , Kansas City, MO 64105
Fund Manager David Sherman
Manager Tenure 8 Years

Strategy And Objective

The River Park Strategic Income Fund ( River Park Strategic Income or the Fund ) seeks high current income and capital appreciation consistent with the preservation of capital. River Park 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 income producing equities(collectively Securities ) that Cohanzick Management, LLC ( Cohanzick ), River Park Strategic Income s sub-adviser, deems appropriate for the Fund s investment objective. Under normal circumstances, River Park 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 borrowing 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 pair pass debt of the considered investment. Pair pass 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. River Park 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). River Park Strategic Income may invest up to 35% of its assets in foreign fixed income securities that Cohanzick believes are Money-Good. River Park 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. River Park 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.

Net Asset Value

as of 5:55 PM ET 09/20/2021

Performance

  • 1 Week
  • -0.11%
  • 1 Month
  • +0.65%
  • 3 Months
  • -0.21%
  • 1 Yr Return
  • +7.73%
  • 5 Yr Return
  • -0.95%

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 73.91%
Other 18.70%
Stocks 4.61%
Preferred 2.79%
Cash 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 12.38 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 2.52 3.31 n/a
Beta 0.27 0.19 n/a
R Squared 0.01 0.01 n/a
Std Deviation 8.85 6.86 n/a
Sharpe Ratio 0.42 0.54 n/a

Purchase Information

as of 5:39 PM ET 09/15/2021
Minimum Initial $1000
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +13.31%
  • +15.74%
+13.31% +15.74%
3 Year
  • +4.43%
  • +4.41%
+4.43% +4.41%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +4.03%
  • +4.01%
+4.03% +4.01%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

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