RCRFX – RiverPark Floating Rate CMBS Retail Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks to generate current income and capital appreciation consistent with the preservation of capital. The fund will invest in commercial mortgage backed securities ("CMBS"), predominately in the United States. Under normal circumstances, the fund may invest up to 100% of its assets in fixed income securities of which no less than 80% of its net assets (plus the amount of any borrowings for investment purposes) will be invested in floating rate CMBS. The advisor seeks to generate its returns primarily from its investments' monthly cash distributions and secondarily through opportunistic trading.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
RCRFX	RiverPark Floating Rate CMBS Fund Retail Class Shares	No Load	Open			Nov 12, 2018	$4.29M	1.250%	High	$1,000	$1.66M
RCRIX	RiverPark Floating Rate CMBS Fund Institutional Class Shares	Institutional	Open			Sep 30, 2016	$30.23M	0.850%	Average	$50,000	$361,341.34

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