RiverPark Large Growth Fund

Overview

RiverPark seeks to make investments in securities of large capitalization companies, which it defines as those in excess of $5 billion. RiverPark invests in what it believes are exciting growth businesses with significant long term growth potential, but patiently waits for opportunities to purchase these companies at what it believes are attractive prices. RiverPark believes the style is best described as a "value orientation toward growth".

The Investment Adviser's investment process includes several well-defined steps:

Develop investment themes based on mega trends
Focus on competitively advantaged growth companies
Rigorously analyze financial statements
Construct portfolios with strict valuation disciplines

FACT SHEET

QUARTERLY LETTER

IN-DEPTH OVERVIEW

Monthly Distributions

Conrad van Tienhoven

Our Portfolio Manager

Conrad van Tienhoven

Principal and Portfolio Manager

Conrad is the Portfolio Manager of the RiverPark Large Growth Fund and the RiverPark Long/Short Opportunity Fund and has served in these capacities since December 2022. Conrad joined RiverPark at its formation and has acted as Assistant Portfolio Manager on RiverPark Long/Short and RiverPark Large Growth since the inception of those Funds. He led the investments in internet media, ecommerce, hardware, software, and online business services as well as healthcare and healthcare technology. Prior to RiverPark, Conrad spent nine years at Baron Funds focused on these same sectors in various roles including Senior Analyst on the Baron iOpportunity Fund and the Baron Fifth Avenue Growth Fund.

Conrad received a B.A. in Economics from the University of Texas at Austin in 1997.

Performance

DAILY

Returns as of TBD

	NAV	Daily Change (%)	MTD	YTD
Institutional (RPXIX)
Retail (RPXFX)

MONTHLY RETURNS

Returns as of TBD

	Month Ended TBD	YTD	1 Year	3 Years	5 Years	10 Years	Since Inception
Institutional (RPXIX)
Retail (RPXFX)

QUARTERLY RETURNS

Quarterly Returns as of Quarter Ending TBD

	Quarter Ended TBD	YTD	1 Year	3 Years	5 Years	10 Years	Since Inception
Institutional (RPXIX)
Retail (RPXFX)

Inception date of the Fund was September 30, 2010.

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

Expense Ratio: Institutional: 1.01% gross and 1.00% net, Retail: 1.31% gross and 1.25% net as of the most recent prospectus, dated January 26, 2024 as modified by the supplement thereto. The Gross Expense Ratio reflects actual expenses and the Net Expense Ratio reflects the impact of waivers or recaptures if any.

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.

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.

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, 1.00% 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.

Holdings