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.

Full Holdings

As of TBD

Security % of Total Portfolio

Holdings Subject to change.