RiverPark Short Term High Yield Fund
Mutual fund investing involves risk including loss of principal. In addition to the normal
risks associated with investing, international investments may involve risk of capital loss
from unfavorable fluctuation in currency values, from differences in generally accepted
accounting principles or from social, economic or political instability in other nations.
Investments in smaller companies typically exhibit higher volatility. The RiverPark Long/Short
Opportunity Fund, The RiverPark/Gargoyle Fund, and the Riverpark Structural Alpha Fund use
leverage. If the securities decrease in value, the Fund may suffer a greater loss than would
have resulted without the use of leverage. With, short sales, losses are potentially unlimited
and the expenses involved with the short strategy may impact the performance of the Fund.
"The value of the Fund’s positions in index options fluctuates in response to changes in the
value of the underlying index. Selling index call options can reduce the risk of owning stocks,
but it limits the opportunity to profit from an increase in the market value of stocks in
exchange for up-front cash at the time of selling the call option. Unusual market conditions
or the lack of a ready market for any particular option at a specific time may reduce the
effectiveness of the fund’s option strategies, and for these and other reasons the Fund's
option strategies may not reduce the Fund’s volatility to the extent desired. Accordingly,
the purchase of Fund shares should be viewed as a long-term investment. There can be no
assurance that the Fund will achieve its stated objectives. With the exception of
RiverPark/Wedgewood, each Fund is “diversified”, as that term is defined in the Investment
Company Act of 1940. Bonds and bond funds are subject to interest rate risk and will decline
in value as interest rates rise. High yield bonds involve greater risks of default or downgrade
and are more volatile than investment grade securities, due to the speculative nature of their
investments. There can be no assurance that a Fund will achieve its stated objectives.
To determine if a Fund is an appropriate investment for you, carefully consider
the Fund's investment objectives, risk factors, charges and expenses before investing.
This and other information may be found in the Fund's prospectus, which may be obtained
by clicking here or calling 1-888-564-4517.
Please read the prospectus carefully before investing.
The RiverPark mutual funds are distributed by SEI Investments Distribution Co., which is not
affiliated with RiverPark Advisors, LLC, Wedgewood Partners, Inc., Cohanzick Management, LLC,
Gargoyle Investment Advisors LLC, or their affiliates.