RiverPark Strategic Income Fund Retail Class
RSIVX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 156 West 56th Street New York NY United States of America 10019
- IPO Date
- Oct 3, 2013
- CIK
- 0001494928
- Similar Companies
- Business
- RiverPark Strategic Income Fund Retail Class (RSIVX) is an open-end mutual fund that seeks high current income and capital appreciation consistent with the preservation of capital by investing at least 80% of its net assets in fixed income securities and income producing equities. The fund constructs a bottom-up, diversified portfolio primarily comprising investment grade and high yield corporate debt, preferred stock, convertible bonds, bank loans, and income producing equities, with a target duration of 2.5 to 4 years; it strategically allocates to defensive securities when high yield spreads are narrow and shifts fully into high yield opportunities when spreads widen, emphasizing debt where issuer enterprise value exceeds senior debt obligations and pursuing special situations in overleveraged or challenged companies. Key portfolio components include US bonds (65.78%), non-US bonds (24.24%), cash (2.54%), US stocks (2.93%), with top holdings such as First American Treasury Obligs X, Consolidated Communications Inc. 6.5%, Forum Energy Technologies Inc. 10.5%, CMG Media Corporation term loans, and Grubhub Holdings 144A 13% notes. Launched on September 30, 2013, and domiciled in the United States, the fund is available for sale in the US with a minimum initial investment of $2,500 and monthly distributions; it reports total net assets of approximately $619 million, a net expense ratio of 1.30%, and a SEC yield of 8.55% as of November 30, 2025. The fund is managed by CrossingBridge Advisors LLC, with CIO David K. Sherman since inception and Portfolio Manager Spencer Rolfe since July 31, 2023; CrossingBridge assumed full advisory responsibilities from RiverPark Advisors LLC following a 2022 agreement completed in early 2023, consolidating investment and operations under CrossingBridge while retaining the fund's name, ticker, and structure within the RiverPark Funds Trust. Geographic focus centers on the United States for primary operations, with minor non-US bond and equity exposure including Latin America and Europe ex-Eurozone; the fund targets fixed income and multi-sector investors seeking high yield opportunities without benchmark replication. CrossingBridge Advisors LLC maintains headquarters at 427 Bedford Road, Suite 230, Pleasantville, New York. The Morningstar category is High Yield Bond, benchmarked against the ICE BofA U.S. High Yield Index.