RiverPark Short Term High Yield Fund And RiverPark Strategic Income Fund Q4 2017 Commentary

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About: Whiting Petroleum Corporation (WLL), MDP, RPHIX, RPHYX, RSIIX, RSIVX, Includes: ACP, AIF, ANGL, ARDC, BIL, BSJP, CIF, CIK, CJNK, DFVL, DFVS, DHG, DHY, DLBL-OLD, DLBS, DSU, DTUL, DTUS, DTYL, DTYS, EAD, EDV, EGF, FALN, FHY, FIBR, FTT, GBIL, GGM, GOVT, GSY, HIX, HYDB, HYDD, HYG, HYIH, HYLB, HYLD, HYLS, HYT, HYUP, HYXE, IEF, IEI, ITE, IVH, JNK, JQC, JSD, KIO, MCI, MHY, MPV, NHS, PCF, PHF, PHT, PLW, PST, RINF, RISE, SCHO, SCHR, SEA, SHV, SHY, SJB, TAPR, TBF, TBT, TBX, TLH, TLT, TMF, TMV, TTT, TUZ, TYBS, TYD, TYNS, TYO, UBT, UDN, UJB, USDU, USHY, UST, UUP, VGIT, VGLT, VGSH, VLT, VUSTX, WFHY, ZROZ
by: Fund Letters

Summary

Includes detailed analysis of RiverPark Fund's positions in WLL, TIME.

The Fed’s pursuit of higher interest rates presents a conundrum for the corporate bond market.

We reduced interest rate risk in the portfolios by shortening duration without a significant sacrifice with respect to yield.