RiverPark/Next Century Large Growth Fund Institutional Shares (RPNLX)

Overview

The company operates a fund that focuses on investment in equity securities of large cap companies, defined as those with market capitalizations of greater than $7.5 billion at the time of initial investment. The fund adopts a broad investment strategy that does not emphasize any particular sector, maintaining flexibility in its portfolio by limiting individual sectors to the greater of 15% or 2.5 times the weighting of such sector in the Russell 1000® Growth Index. Operating under normal market conditions, the fund commits at least 80% of its net assets, in addition to any borrowings for investment purposes, towards these equity securities. Despite its broad sectoral approach, the fund is characterized as non-diversified, indicating a concentrated investment strategy in large cap companies.

Products and Services

• Equity Securities Investment - The core service involves investing at least 80% of the fund's net assets, plus any additional funds borrowed for investment purposes, into equity securities of large cap companies. These are companies with a market capitalization of over $7.5 billion at the time of investment. This strategy aims at leveraging the growth potential of large cap companies across various sectors.
• Flexible Sector Investment - While the fund does not primarily target any specific sector, it employs a strategic limitation on sector concentration. Each sector’s representation in the fund's portfolio is restricted to the greater of 15% or 2.5 times the sector's weighting in the Russell 1000® Growth Index. This approach ensures a diversified risk profile within the context of a non-diversified fund structure, by preventing overexposure to any single sector while still allowing significant flexibility in investment choices.