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Read the paragraph above "Bottom Line" from the link above.
In addition, you may want to check this link from Mr. Cohanzick's website concerning the funds he oversees. You'll note that Mr. Cohanzick does not classify Riverpark Short Term High Yield Fund as a high yield bond fund.
RiverPark Short Term High Yield stands out from competitors by narrowing its investment menu to corporate credit issues with shortened maturities resulting from a structural change to the underlying businesses.
Comments
http://quotes.morningstar.com/chart/fund/chart?t=rphyx®ion=usa&culture=en_US
Here is a 2017 analysis by David concerning the fund:
https://www.mutualfundobserver.com/2017/05/riverpark-short-term-high-yield-fund-rphyxrphix/
Read the paragraph above "Bottom Line" from the link above.
In addition, you may want to check this link from Mr. Cohanzick's website concerning the funds he oversees. You'll note that Mr. Cohanzick does not classify Riverpark Short Term High Yield Fund as a high yield bond fund.
https://www.cohanzick.com/strategies
M* also provides a summary about the fund:
A unique high-yield offering:
RiverPark Short Term High Yield stands out from competitors by narrowing its investment menu to corporate credit issues with shortened maturities resulting from a structural change to the underlying businesses.
https://www.morningstar.com/funds/xnas/rphix/quote
http://www.riverparkfunds.com/Data/Sites/17/media/docs/rpsthyf/RiverPark_Short_Term_High_Yield_Fund_Fact_Sheet.pdf
https://www.businesswire.com/news/home/20201013005751/en/RiverPark-Short-Term-High-Yield-Fund-Celebrates-10th-Anniversary---Highest-Sharpe-Ratio