RiverPark Funds

RiverPark Floating Rate CMBS Fund

RCRIX (Institutional) · RCRFX (Retail) · Inception: May 2010

Fund Highlights

5.56%
2025 Annual Return (RCRIX)
Net of all fees and expenses
4.80%
Return Since Inception
Annualized · Since May 2010
8.45%
3-Year Annualized Return
As of Dec 31, 2025
5.6%
Current Gross Coupon
SOFR + 1.86%
$1.8T
CMBS Market Size
Source: J.P. Morgan, Jan 2026
~25%
Transaction Acceptance Rate
Highly selective screening

Investment Performance (Net Returns)

Fund / Index 1 Yr 3 Yr 5 Yr Inception
RCRIX 5.56% 8.45% 5.42% 4.80%
RCRFX 5.23% 8.08% 5.02% 4.60%
CMBS Index 7.76% 5.99% 1.00% 3.83%
AGG Index 7.30% 4.66% (0.36%) 2.50%

Volatility — April 2025 (Liberation Day)

Standard Deviation During Market Stress

RCRIX
0.38%
AGG
0.51%
S&P 500
4.09%

During Trump Liberation Day tariff volatility (April 2025). Lower = better.

As of December 31, 2025. Past performance does not guarantee future results.

Investment Strategy

5.56%

Strong Sponsors Only

Invests alongside Apollo, ARES, Blackstone, Brookfield and KKR — the most respected names in institutional real estate.

5.56%

Conservative LTV

Loan-to-Value ratios of approximately 50% or less. Debt coverage ratios typically greater than 1.5x.

5.56%

Investment Grade Focus

Weighted average credit rating of BBB or better. Selects from AAA to BBB tranches only.

5.56%

Floating Rate

94% floating rate investments. Current gross coupons 5–6%. Benchmarked to SOFR.

5.56%

Selective Screening

Only ~25% of offered transactions are selected. 4-step intensive screening process applied to every investment.

5.56%

Thriving Asset Sectors

100% focused on industrial and apartment assets — sectors performing strongly in today's economy.

Fund Details

Inception Date
May 31, 2010
Ticker (Institutional)
RCRIX
Ticker (Retail)
RCRFX
Expense Ratio (Net)
0.85% (RCRIX)
Distribution
Monthly
Leverage
None
Platforms
Fidelity · Schwab · TD

Risk Metrics (Since Inception)

Sharpe Ratio
0.50
Alpha vs AGG
4.62%
Beta vs AGG
0.17
Down Market Perf.
+0.11%
Downside Capture
(13%)
Avg Credit Rating
Single A
Floating Rate %
94%

Available on Fidelity, Schwab and TD Ameritrade · For performance data call 888.564.4517

Visit RiverPark Funds

Past performance does not guarantee future results. The performance quoted is net of all fees and expenses. This information should not be relied upon as investment advice. Please read the prospectus carefully before investing. As of December 31, 2025.