RiverPark Floating Rate CMBS Fund Retail Class (RCRFX)

Overview

The fund focuses on investing in commercial mortgage-backed securities (CMBS), primarily within the United States. It operates with a significant emphasis on fixed income securities, especially floating rate CMBS, indicating a strategic approach to managing investment risk while aiming for favorable returns. The investment strategy delineates a dual-source return generation model, prioritizing monthly cash distributions from investments, followed by gains achieved through strategic, opportunistic trading. This approach reflects a balanced consideration of income regularity and capital appreciation potential, tailored for investors looking for exposure to real estate-backed fixed income securities.

Products and Services

• Commercial Mortgage-Backed Securities (CMBS) Investment

  The core product of the fund is its investment in CMBS, which are securities backed by mortgages on commercial properties, predominantly in the U.S. This investment strategy leverages the stable cash flow and potential for yield spread characteristic of the commercial mortgage market, catering to investors with an appetite for real estate-related fixed income assets.

• Floating Rate CMBS

  A significant portion of the fund's assets is allocated to floating rate CMBS, which are designed to offer protection against the risk of rising interest rates. This focus indicates an investment product tailored for scenarios where interest rate fluctuations pose a concern, thereby aiming to deliver more consistent returns over time.

• Opportunistic Trading Strategy

  Secondary to the goal of securing monthly cash distributions, the fund employs an opportunistic trading strategy. This approach enables the fund to pivot its investments in accordance with market trends and opportunities, potentially enhancing the overall return profile through well-timed trades.