RiverPark Floating Rate CMBS Fund

Inception date of Fund was May 31, 2010.

Total returns presented for periods less than one year are cumulative, returns for periods one year and greater are annualized.

Annualized performance since conversion from the predecessor private fund (9/30/16) was 2.85% for RCRIX and 2.50% for RCRFX, as of the quarter ending September 30, 2024.

The performance data quoted for periods prior to September 30, 2016 is that of the predecessor private fund. The Fund is managed in a materially equivalent manner to its predecessor. The predecessor private fund was not a registered mutual fund and was not subject to the same investment and tax restrictions as the Fund. If the annual returns for the predecessor private fund were charged the same fees and expenses as the Fund, which are now lower than the predecessor private fund, the annual returns for the predecessor private fund would have been higher. On November 12, 2018 the Interval Fund reorganized as an open-end mutual fund with daily liquidity. The performance data quoted for the Retail Class for periods prior to November 12, 2018 but after September 30, 2016 is that of the Institutional Class adjusted to reflect the higher expense ratio applicable to the Retail Class.

The performance quoted herein is net of all fees and expenses and represents past performance. Past performance does not guarantee future results. High short-term performance of the Fund is unusual and investors should not expect such performance to be repeated. 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 quoted.

Expense Ratio: Institutional: 0.99% gross and 0.85% net, Retail: 1.34% gross and 1.25% net as of the most recent prospectus, dated January 26, 2024. The Gross Expense Ratio reflects actual expenses and the Net Expense Ratio reflects the impact of waivers or recaptures, if any.

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

RiverPark has agreed contractually to waive its fees and to reimburse expenses of the Fund, including expenses associated with the Fund’s shareholder services plan and administrative services plan, to the extent necessary to ensure that operating expenses (excluding acquired fund fees and expenses and extraordinary expenses) do not exceed, on an annual basis, 0.85% for the Institutional Class Shares and 1.25% for the Retail Class Shares. This agreement is in effect until at least January 31, 2025 and, subject to annual approval by the Board of Trustees of RiverPark Funds Trust, this arrangement will remain in effect unless and until the Board of Trustees approves its modification or termination or the Adviser notifies the Fund at least 30 days prior to the annual approval of its determination not to continue the agreement.