RiverPark Structural Alpha Fund

U.S. News evaluated 121 Long/Short Equity Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 5.71 percent over the past year, 4.97 percent over the past three years, and 8.26 percent over the past five years.

Trailing Returns Updated 06.30.2014
Year to date 2.7%
1 Year 5.7%
3 Years (Annualized) 5.0%
5 Years (Annualized) 8.3%
10 Years (Annualized) N/A

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Summary

The investment seeks long-term capital appreciation while exposing investors to less risk than broad stock market indices. The fund seeks long-term capital appreciation while exposing investors to less risk than broad stock market indices by investing in a portfolio of options (the "Option Portfolio") that the adviser believes structurally will generate exposure to equity markets with less volatility. The Option Portfolio is structured such that the fund is willing to trade-off opportunities for above average gains in exchange for income that will provide a cushion, and therefore some downside protection, during market declines.

Fees

Fees are Above Average compared to funds in the same category.
RiverPark Structural Alpha Fund has an expense ratio of 2.00 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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