Cohanzick

Overview

The Fund focuses on short term high yield securities for which they believe credit ratings do not accurately reflect a company's ability to meet their short term credit obligations. The Short Term High Yield Fund seeks to make investments in fixed income securities of companies that have announced or, in Cohanzick's opinion, will announce a funding event, reorganization or other corporate event that they believe will have a positive impact on a company's ability to repay their debt. Additionally, the Fund will invest in securities in which it perceives there is limited near term risk of default. In Cohanzick's view the risks associated with investing in short term high yield debt are very different from investing in long-dated paper in which operating performance and business sustainability are of primary concern.

For further information on the sub-advisor, please visit www.cohanzick.com.



Our Portfolio Manager


David K. Sherman

Principal, Cohanzick Management, LLC

Cohanzick Management, LLC (Cohanzick) of Pleasantville, New York serves as the Sub-Adviser to the RiverPark Short Term High Yield Fund. David K. Sherman founded Cohanzick in 1996 and serves as the portfolio manager primarily responsible for the investment decisions of the Fund. Prior to founding Cohanzick, Mr. Sherman held various executive and director positions at Leucadia National Corporation and/or its subsidiaries.

Mr. Sherman holds a BS in Business Administration from Washington University.

David K. Sherman
David K. Sherman

Performance

Returns as of TBD

NAV Daily YTD
RiverPark Short Term High Yield Fund Institutional (RPHIX)
RiverPark Short Term High Yield Fund Retail (RPHYX)

Returns as of TBD

MTD YTD 1 Year 3 Years* 5 Years* Since
Inception*
RPHIX - Inception Date: 9/30/2010
RPHYX - Inception Date: 9/30/2010

Returns as of Quarter Ending TBD

QTD YTD 1 Year 3 Years* 5 Years* Since
Inception*
RPHIX - Inception Date: 9/30/2010
RPHYX - Inception Date: 9/30/2010

* Returns presented for periods less than 1 year are cumulative, returns for periods greater than 1 year are annualized.

Expense Ratio: Institutional: 0.87%, Retail: 1.16% as of the most recent prospectus, dated January 25, 2018.

The performance quoted herein represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost, and current performance may be higher or lower than the performance.

The Fund offers two classes of shares. Retail Class shares have a shareholder services fee of up to 0.25% per annum of average daily net assets. Institutional Class shares have no shareholder services fee. For more information, please see the prospectus.

Holdings*

As of TBD

Security % of Total Portfolio

Holdings Subject to change.

*The percentage weightings set forth above represent the market value, including any accrued interest, of each position divided by the net asset value of the Fund as of that date.

Commentary

9/30/2018
3rd Quarter 2018 RiverPark Short Term High Yield Fund Shareholder Letter

6/30/2018
2nd Quarter 2018 RiverPark Short Term High Yield Fund Shareholder Letter

3/31/2018
1st Quarter 2018 RiverPark Short Term High Yield Fund Shareholder Letter

12/31/2017
4th Quarter 2017 RiverPark Short Term High Yield Fund Shareholder Letter

9/30/2017
3rd Quarter 2017 RiverPark Short Term High Yield Fund Shareholder Letter

6/30/2017
2nd Quarter 2017 RiverPark Short Term High Yield Fund Shareholder Letter

3/31/2017
1st Quarter 2017 RiverPark Short Term High Yield Fund Shareholder Letter

12/31/2016
4th Quarter 2016 RiverPark Short Term High Yield Fund Shareholder Letter

9/30/2016
3rd Quarter 2016 RiverPark Short Term High Yield Fund Shareholder Letter

6/30/2016
2nd Quarter 2016 RiverPark Short Term High Yield Fund Shareholder Letter

3/31/2016
1st Quarter 2016 RiverPark Short Term High Yield Fund Shareholder Letter

12/31/2015
4th Quarter 2015 RiverPark Short Term High Yield Fund Shareholder Letter

9/30/2015
3rd Quarter 2015 RiverPark Short Term High Yield Fund Shareholder Letter

6/30/2015
2nd Quarter 2015 RiverPark Short Term High Yield Fund Shareholder Letter

3/31/2015
1st Quarter 2015 RiverPark Short Term High Yield Fund Shareholder Letter

12/31/14
4th Quarter 2014 RiverPark Short Term High Yield Fund Shareholder Letter

8/31/14
August 2014 RiverPark Short Term High Yield Fund Shareholder Letter

7/31/14
July 2014 RiverPark Short Term High Yield Fund Shareholder Letter

6/30/14
2nd Quarter 2014 RiverPark Short Term High Yield Fund Shareholder Letter