NPORT-EX 3 fp0089857-1_nportex.htm SCHEDULE F

RiverPark Large Growth Fund

June 30, 2024 (Unaudited)

 

Description  Shares   Value (000) 
Schedule of Investments          
Common Stock — 98.0%**          
Communication Services – 20.8%          
Alphabet, Cl A   7,583   $1,381 
Alphabet, Cl C   7,464    1,369 
Meta Platforms, Cl A   4,135    2,085 
Netflix *   2,236    1,509 
Pinterest, Cl A *   18,425    812 
Snap, Cl A *   36,855    612 
Walt Disney   12,788    1,270 
         9,038 
Consumer Discretionary – 12.3%          
Amazon.com *   11,102    2,145 
Booking Holdings   324    1,283 
Lululemon Athletica *   1,241    371 
McDonald's   1,647    420 
NIKE, Cl B   10,881    820 
Starbucks   4,044    315 
         5,354 
Consumer Staples – 3.0%          
Costco Wholesale   1,003    852 
PepsiCo   2,654    438 
         1,290 
Financials – 14.7%          
Adyen ADR *   59,854    710 
Blackstone   9,893    1,225 
Charles Schwab   14,923    1,100 
KKR   10,623    1,118 
Mastercard, Cl A   2,866    1,264 
Visa, Cl A   3,635    954 
         6,371 
Health Care – 9.8%          
Eli Lilly   1,300    1,177 
GRAIL *   577    9 
Illumina *   4,043    422 
Intuitive Surgical *   2,792    1,242 
UnitedHealth Group   1,626    828 
Zoetis, Cl A   3,326    577 
         4,255 
Industrials – 4.5%          
Lockheed Martin   785    367 
Uber Technologies *   21,648    1,573 
         1,940 
Information Technology – 32.4%          
Adobe *   1,620    900 
Apple   9,383    1,976 
Autodesk *   2,695    667 
Datadog, Cl A *   5,510    715 
Five9 *   11,693    516 
Intuit   1,561    1,026 
Microsoft   5,488    2,453 
NVIDIA   21,554    2,663 
ServiceNow *   1,376    1,082 
Shopify, Cl A *   20,348    1,344 
Workday, Cl A *   3,288    735 
         14,077 
Real Estate – 0.5%          
Equinix   320    242 
           
Total Common Stock          
(Cost $20,623) (000)        42,567 
           
Total Investments — 98.0%          
(Cost $20,623) (000)       $42,567 

 

  Percentages are based on Net Assets of $43,430 (000).
** More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes.
* Non-income producing security.

 

ADR — American Depositary Receipt
Cl — Class

 

RPF-QH-001-2700 

 

 

 

Wedgewood Fund

June 30, 2024 (Unaudited)

 

Description  Shares   Value (000) 
Schedule of Investments          
Common Stock — 94.1%          
Communication Services – 16.8%          
Alphabet, Cl A   14,071   $2,563 
Meta Platforms, Cl A   4,484    2,261 
         4,824 
Consumer Discretionary – 13.6%          
Booking Holdings   333    1,319 
O'Reilly Automotive *   484    511 
Pool   1,906    586 
Tractor Supply   5,507    1,487 
         3,903 
Energy – 1.9%          
Texas Pacific Land   737    541 
           
Financials – 14.5%          
PayPal Holdings *   28,598    1,659 
S&P Global   1,385    618 
Visa, Cl A   7,131    1,872 
         4,149 
Health Care – 10.2%          
Edwards Lifesciences *   13,056    1,206 
UnitedHealth Group   3,370    1,716 
         2,922 
Industrials – 7.4%          
Copart *   28,202    1,527 
Old Dominion Freight Line   3,436    607 
         2,134 
Information Technology – 29.7%          
Apple   9,059    1,908 
CDW   5,244    1,174 
Microsoft   3,820    1,707 
Motorola Solutions   4,017    1,551 
Taiwan Semiconductor Manufacturing ADR   12,438    2,162 
         8,502 
Total Common Stock          
(Cost $14,129) (000)        26,975 
           
Total Investments — 94.1%          
(Cost $14,129) (000)       $26,975 

 

  Percentages are based on Net Assets of $28,676 (000).
* Non-income producing security.

 

ADR — American Depositary Receipt
Cl — Class

 

RPF-QH-001-2700

 

 

 

 

 

 RiverPark Short Term High Yield Fund

June 30, 2024 (Unaudited)

 

Description  Face Amount (000)‡   Value (000) 
Schedule of Investments          
Corporate Obligations — 59.5%
Communication Services – 5.7%          
Connect Finco SARL          
6.750%, 10/01/26 (a)   6,100   $5,893 
Getty Images          
9.750%, 03/01/27 (a)   7,500    7,522 
Opnet          
10.722%, EUR003M + 7.000%, 02/09/26 (a) (b)   EUR 19,254    20,569 
TEGNA          
4.750%, 03/15/26 (a)   8,064    7,892 
TripAdvisor          
7.000%, 07/15/25 (a)   2,500    2,510 
         44,386 
Consumer Discretionary – 8.8%          
Brinker International          
5.000%, 10/01/24 (a)   16,798    16,757 
Caesars Entertainment          
6.250%, 07/01/25 (a)   13,699    13,699 
CPI CG          
8.625%, 03/15/26 (a)   271    277 
Ford Motor Credit          
3.664%, 09/08/24   3,135    3,120 
Michael Kors USA          
4.250%, 11/01/24 (a)   17,135    16,958 
Sizzling Platter          
8.500%, 11/28/25 (a)   18,231    18,395 
         69,206 
Energy – 20.9%          
BLUENORD          
9.000%, 06/17/26 (a)   22,400    24,696 
CITGO Petroleum          
7.000%, 06/15/25 (a)   14,656    14,666 
CrownRock          
5.625%, 10/15/25 (a)   23,000    22,961 
EQM Midstream Partners          
4.000%, 08/01/24   5,349    5,336 
Golar LNG          
7.000%, 10/20/25 (a)   1,500    1,494 
Matador Resources          
5.875%, 09/15/26   19,024    19,006 
Northriver Midstream Finance          
5.625%, 02/15/26 (a)   57,353    57,415 
Petroleos Mexicanos          
4.250%, 01/15/25   5,945    5,862 
Tallgrass Energy Partners          
7.500%, 10/01/25 (a)   10,648    10,701 
Tidewater          
8.500%, 11/16/26   2,000    2,077 
         164,214 
Financials – 5.0%          
Fiserv          
2.750%, 07/01/24   9,821    9,821 
HAT Holdings I          
6.000%, 04/15/25 (a)   19,058    19,054 
Storskogen Group          
6.753%, STIB3M + 3.000%, 12/01/25 (b)   SEK 108,750    10,305 
         39,180 
Health Care – 6.3%          
Cannabist Holdings          
9.500%, 02/03/26 (a)   8,000    6,760 
ModivCare          
5.875%, 11/15/25 (a)   22,825    23,161 
Norlandia Health & Care Group          
9.760%, STIB3M + 5.750%, 05/27/25 (b)   SEK 50,000    4,763 
Owens & Minor          
4.375%, 12/15/24   3,955    3,933 
Perrigo Finance Unlimited          
3.900%, 12/15/24   10,936    10,803 
         49,420 
Industrials – 9.3%          
Brink's          
5.500%, 07/15/25 (a)   5,134    5,132 
Delta Air Lines          
2.900%, 10/28/24   17,737    17,564 
Hawaiian Airlines Pass-Through Certificates, Ser 2013-1, Cl A          
3.900%, 01/15/26   5,340    5,040 
Howmet Aerospace          
5.125%, 10/01/24   809    809 
Icahn Enterprises          
6.250%, 05/15/26   13,308    13,215 
Mangrove Luxco III SARL          
7.775%, 10/09/25   EUR 14,519    15,520 
Sensata Technologies BV          
5.000%, 10/01/25 (a)   6,855    6,915 

 

 

 

 RiverPark Short Term High Yield Fund

June 30, 2024 (Unaudited)
Description  Face Amount (000)‡   Value (000) 
Williams Scotsman          
6.125%, 06/15/25 (a)   8,227   $8,223 
         72,418 
           
Information Technology – 0.0%          
CDW          
5.500%, 12/01/24   150    150 
           
Materials – 3.5%          
Graphic Packaging International          
4.125%, 08/15/24   1,014    1,014 
Sealed Air          
5.125%, 12/01/24 (a)   26,069    26,025 
         27,039 
Total Corporate Obligations          
(Cost $468,855) (000)        466,013 
           
Commercial Paper — 21.4%
Consumer Discretionary – 6.4%          
Dollarama          
5.676%, 07/11/24 (c)   16,345    16,312 
Mohawk Industries          
5.459%, 07/02/24 (c)   15,504    15,495 
Whirlpool          
5.931%, 07/08/24 (c)   18,350    18,320 
         50,127 
Consumer Staples – 4.3%          
Conagra Brands          
5.763%, 07/02/24 (c)   8,386    8,381 
Constellation Brands          
5.662%, 07/23/24 (c)   10,000    9,960 
McCormick & Company          
5.467%, 07/11/24 (c)   15,504    15,473 
         33,814 
Energy – 1.2%          
Targa Resources          
6.035%, 07/23/24 (c)   9,333    9,294 
           
Health Care – 2.1%          
Dentsply International          
6.136%, 07/12/24 (c)   16,000    15,963 
           
Industrials – 2.1%          
ITT          
5.555%, 07/08/24 (c)   16,771    16,745 
           
Materials – 3.1%          
FMC          
6.086%, 07/19/24 (c)   13,621    13,573 
Sherwin-Williams          
5.476%, 07/22/24 (c)   11,000    10,960 
         24,533 
Real Estate – 2.2%          
Crown Castle International          
5.857%, 08/01/24 (c)   17,362    17,266 
           
Total Commercial Paper          
(Cost $167,822) (000)        167,742 
           
Convertible Bonds — 12.6%
Communication Services – 1.1%          
Liberty TripAdvisor Holdings          
0.500%, 06/30/51(a)   9,250    8,679 
           
Consumer Staples – 2.9%          
Turning Point Brands          
2.500%, 07/15/24   22,815    22,973 
           
Energy – 1.1%          
Forum Energy Technologies          
9.000%cash/0% PIK, 08/04/25   8,748    8,744 
           
Health Care – 5.0%          
BioMarin Pharmaceutical          
0.599%, 08/01/24   16,188    16,096 
Jazz Investments I          
1.500%, 08/15/24   22,872    22,757 
         38,853 
Information Technology – 2.5%          
BlackLine          
0.125%, 08/01/24   19,596    19,537 
           
Total Convertible Bonds          
(Cost $98,466) (000)        98,786 
           
Bank Loan Obligations — 2.8%
Business Equipment & Services – 1.9%          
William Morris Endeavor Entertainment, LLC, Term B-1 Loan (1st Lien)          
8.194%, 05/18/25 (b)   15,069    15,080 

 

 

 

 RiverPark Short Term High Yield Fund

June 30, 2024 (Unaudited)
Description  Face Amount (000)‡/Shares   Value (000) 
Communication Services – 0.9%          
Univision Communications Inc., Term Loan, 1st Lien          
8.694%, 03/15/26 (b)   6,603   $6,603 
           
Total Bank Loan Obligations          
(Cost $21,753) (000)        21,683 
           
Preferred Stock — 0.2%
Industrials – 0.2%          
Costamare          
8.875%   51,681    1,317 
           
Total Preferred Stock          
(Cost $1,316) (000)        1,317 
           
Special Purpose Acquisition Company — 0.0%
Common Stock– 0.0%          
Diversified Financials – 0.0%          
Plum Acquisition Corp III, Founder Shares * (d) (e)   45,106    3 
           
Total Special Purpose Acquisition Company          
(Cost $–) (000)        3 
           
Total Investments — 96.5%          
(Cost $758,212) (000)       $755,544 

 

A list of the open forward foreign currency contracts held by the Fund at June 30, 2024, is as follows (000):
Counterparty  Maturity
Date		  Currency to
Deliver		  Currency to
Receive		  Unrealized
Appreciation
(Depreciation)		 
Brown Brothers Harriman  07/02/24  SEK   160,690   USD   15,364   $203 
Brown Brothers Harriman  07/02/24  USD   1,905   NOK   20,084    (24)
Brown Brothers Harriman  07/02/24  NOK   20,084   USD   1,899    18 
Brown Brothers Harriman  07/02/24  EUR   34,624   USD   37,705    625 
                      $822 

 

  Percentages are based on Net Assets of $783,221 (000).
‡ In U.S. Dollar unless otherwise indicated.
* Non-income producing security.
(a) Securities sold within terms of a private placement memorandum, exempt from registration under Section 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." These securities have been determined to be liquid under guidelines established by the Board of Trustees. At June 30, 2024, these securities amounted to $346,354 (000) or 44.2% of Net Assets.
(b) Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates for certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(c) The rate reported on the Schedule of Investments is the effective yield at the time of purchase.
(d) Level 3 security in accordance with fair value hierarchy.  As of June 30, 2024, the total amount of Level 3 securities held by the Fund was $3 (000).
(e) Security is fair valued.

 

Cl — Class
EUR — Euro
EUR003M — Three-Month Euribor
NOK — Norwegian Krone
SEK — Swedish krona
Ser — Series
STIB3M — Three-Month Stockholm Interbank Offered Rate
USD — United States Dollar

 

Amounts designated as “—” are $0 or have been rounded to $0.

RPF-QH-001-2700

 

 

 

 RiverPark Long/Short Opportunity Fund

June 30, 2024 (Unaudited) 

 

Description  Shares   Value (000) 
Schedule of Investments          
Common Stock — 85.0%**          
Communication Services – 19.2%          
Alphabet, Cl A   6,604   $1,203 
Alphabet, Cl C   6,553    1,202 
Meta Platforms, Cl A   3,761    1,896 
Netflix *   2,073    1,399 
Pinterest, Cl A *   17,611    776 
Snap, Cl A *   32,368    538 
Walt Disney   12,809    1,272 
         8,286 
Consumer Discretionary – 11.6%          
Amazon.com *   10,051    1,942 
Booking Holdings   297    1,177 
Lululemon Athletica *   1,216    363 
McDonald's   1,682    429 
NIKE, Cl B   10,845    817 
Starbucks   3,291    256 
         4,984 
Consumer Staples – 2.8%          
Costco Wholesale   923    785 
PepsiCo   2,668    440 
         1,225 
Financials – 10.5%          
Adyen ADR *   47,016    558 
Blackstone   8,705    1,078 
KKR   8,780    924 
Mastercard, Cl A (a)   2,539    1,120 
Visa, Cl A   3,313    869 
         4,549 
Health Care – 8.9%          
Eli Lilly   1,062    961 
GRAIL *   572    9 
Illumina *   4,022    420 
Intuitive Surgical *   2,448    1,089 
UnitedHealth Group   1,612    821 
Zoetis, Cl A   3,159    548 
         3,848 
Industrials – 4.9%          
Lockheed Martin   750    350 
Lyft, Cl A *   21,869    308 
Uber Technologies *   19,987    1,453 
         2,111 
Information Technology – 26.6%          
Adobe *   1,544    858 
Apple   9,958    2,097 
Autodesk *   2,460    609 
Datadog, Cl A *   5,071    658 
Five9 *   10,169    449 
Intuit   1,385    910 
Microsoft   6,522    2,915 
NVIDIA (a)   2,680    331 
ServiceNow *   1,257    989 
Shopify, Cl A *   20,823    1,375 
Workday, Cl A *(a)   1,214    271 
         11,462 
Real Estate – 0.5%          
Equinix   306    232 
           
Total Common Stock          
(Cost $17,824) (000)        36,697 
           
Total Investments — 85.0%          
(Cost $17,824) (000)       $36,697 

 

 

 RiverPark Long/Short Opportunity Fund

June 30, 2024 (Unaudited) 

 

A list of open swap agreements held by the Fund at June 30, 2024 was as follows:

 

Long Exposure

Company Reference

Counterparty

Fund Pays

  

Payment
Frequency1

    

Maturity
Date

    

Notional
Amount
(000)

    

Value
(000)

    

Net
Unrealized
Appreciation/
(Depreciation)
(000)†

  

Charles Schwab

Goldman Sachs International

USD-SOFR + 0.61%

     Maturity       06/02/2025     $ 1,089     $ 1,069     $ (20 )

Mastercard, Class A

Goldman Sachs International

USD-SOFR + 0.61%

     Maturity       07/09/2024       104       118       14  

NVIDIA

Goldman Sachs International

USD-SOFR + 0.61%

     Maturity       05/29/2025       1,463       2,253       790  

Workday, Class A

Goldman Sachs International

USD-SOFR + 0.61%

     Maturity       10/30/2024       430       399       (31 )
                        $ 3,086     $ 3,839     $ 753  

 

Short Exposure

 

Company Reference

 

 

Counterparty

 

 

Fund
Receives

  

 

Fund
Pays

  

Payment Frequency1

  Maturity
Date		  Notional
Amount
(000)		   Value
(000)		  

Net
Unrealized
Appreciation/
(Depreciation) (000)†

 
Airbnb, Class A  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  07/01/2025  $(274)  $(281)  $(7)
Ares Management, Class A  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  05/21/2025   (248)   (250)   (2)
Boston Properties  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  11/06/2024   (209)   (239)   (30)
Capital One Financial Corp  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  12/26/2024   (243)   (314)   (71)
Carmax  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  12/26/2024   (317)   (340)   (23)
Doordash, Class A  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  06/18/2025   (286)   (271)   15 
Fidelity National Information Services  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  11/06/2024   (188)   (261)   (73)
Hilton Worldwide Holdings  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  02/20/2025   (199)   (234)   (35)
Industrial Select Sector SPDR  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  05/14/2025   (861)   (846)   15 
Invesco QQQ Trust ETF  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  10/23/2024   (793)   (874)   (81)
Iron Mountain  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  11/06/2024   (200)   (300)   (100)
iShares Expanded Tech - Software Sector ETF  Goldman Sachs International   USD-SOFR    -0.74%  Maturity  07/10/2024   (659)   (692)   (33)
Lyondellbasell Industries N.V., Class A  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  02/20/2025   (313)   (320)   (7)
Marriott International, Class A  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  02/20/2025   (207)   (218)   (11)
Match Group  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  06/18/2025   (286)   (275)   11 
Ralph Lauren Corp, Class A  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  02/12/2025   (306)   (365)   (59)
SPDR S&P Homebuilders ETF  Goldman Sachs International   USD-SOFR    -0.84%  Maturity  08/15/2024   (803)   (825)   (22)
Synchrony Financial  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  10/30/2024   (243)   (372)   (129)
Ventas  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  11/06/2024   (211)   (266)   (55)
Wynn Resorts, Limited  Goldman Sachs International   USD-SOFR    -0.50%  Maturity  11/06/2024   (212)   (201)   11 
                      $(7,058)  $(7,744)  $(686)

 

1

The payment frequency is the maturity date of each swap contract or the settlement date of a closing transaction, whichever comes first.

†

Inclusive of accrued dividends and interest related to Total Return Swaps.

 

  Percentages are based on Net Assets of $43,166 (000).
* Non-income producing security.
** More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes.
(a) Underlying security for a Total Return Swap.

 

ADR — American Depositary Receipt
Cl — Class
ETF — Exchange Traded Fund
SOFR — Secured Overnight Financing Rate
SPDR — Standard & Poor’s Depository Receipt
S&P — Standard & Poor’s
USD — United States Dollar

 

RPF-QH-001-2700 

 

 

 

 RiverPark Floating Rate CMBS Fund

June 30, 2024 (Unaudited)

 

Description  Face
Amount
(000)		   Value (000) 
Schedule of Investments          
Commercial Mortgage-Backed Securities — 98.9%          
Non-Agency Mortgage-Backed Obligations – 98.9%          
ARES Commercial Mortgage Trust, Ser 2024-IND, Cl B          
7.361%, TSFR1M + 2.041%, 07/15/41 (a) (b)  $2,000   $1,996 
BLP Commercial Mortgage Trust, Ser 2024-IND2, Cl A          
6.671%, TSFR1M + 1.342%, 03/15/41 (a) (b)   1,000    993 
BX Commercial Mortgage Trust, Ser 2021-VOLT, Cl F          
7.843%, TSFR1M + 2.514%, 09/15/36 (a) (b)   500    491 
BX Commercial Mortgage Trust, Ser 2021-XL2, Cl F          
7.688%, TSFR1M + 2.359%, 10/15/38 (a) (b)   2,112    2,070 
BX Commercial Mortgage Trust, Ser 2021-SOAR, Cl E          
7.244%, TSFR1M + 1.914%, 06/15/38 (a) (b)   877    865 
BX Commercial Mortgage Trust, Ser 2021-CIP, Cl D          
7.115%, TSFR1M + 1.785%, 12/15/38 (a) (b)   1,500    1,474 
BX Commercial Mortgage Trust, Ser 2024-MDHS, Cl A          
6.970%, TSFR1M + 1.641%, 05/15/41 (a) (b)   2,000    1,995 
BX Commercial Mortgage Trust, Ser 2021-SOAR, Cl C          
6.544%, TSFR1M + 1.214%, 06/15/38 (a) (b)   403    398 
BX Commercial Mortgage Trust, Ser 2021-ACNT, Cl A          
6.294%, TSFR1M + 0.964%, 11/15/38 (a) (b)   1,377    1,361 
BX Commercial Mortgage Trust, Ser 2021-VINO, Cl A          
6.096%, TSFR1M + 0.767%, 05/15/38 (a) (b)   1,197    1,182 
BX Trust, Ser 2022-IND, Cl E          
9.316%, TSFR1M + 3.987%, 04/15/37 (a) (b)   1,482    1,452 
BX Trust, Ser 2019-MMP, Cl F          
8.165%, TSFR1M + 2.836%, 08/15/36 (a) (b)   2,985    2,800 
BX Trust, Ser 2022-PSB, Cl A          
7.780%, TSFR1M + 2.451%, 08/15/39 (a) (b)   1,688    1,685 
BX Trust, Ser 2021-MFM1, Cl E          
7.694%, TSFR1M + 2.364%, 01/15/34 (a) (b)   766    751 
BX Trust, Ser 2024-CNYN, Cl A          
6.771%, TSFR1M + 1.442%, 04/15/29 (a) (b)   1,987    1,988 
BX Trust, Ser 2021-RISE, Cl A          
6.191%, TSFR1M + 0.862%, 11/15/36 (a) (b)   1,834    1,812 
ILPT Commercial Mortgage Trust, Ser 2022-LPF2, Cl E          
11.269%, TSFR1M + 5.940%, 10/15/39 (a) (b)   1,000    954 
ILPT Commercial Mortgage Trust, Ser 2022-LPF2, Cl C          
8.822%, TSFR1M + 3.493%, 10/15/39 (a) (b)   2,000    1,945 
JP Morgan Chase Commercial Mortgage Securities Trust, Ser 2021-MHC, Cl E          
8.144%, TSFR1M + 2.814%, 04/15/38 (a) (b)   1,300    1,288 
MHC Trust, Ser 2021-MHC2, Cl B          
6.544%, TSFR1M + 1.214%, 05/15/38 (a) (b)   1,336    1,319 
MHP, Ser 2021-STOR, Cl F          
7.644%, TSFR1M + 2.314%, 07/15/38 (a) (b)   1,500    1,481 
OPG Trust, Ser 2021-PORT F          
7.392%, TSFR1M + 2.062%, 10/15/36 (a) (b)   650    641 
TTAN, Ser 2021-MHC, Cl D          
7.194%, TSFR1M + 1.864%, 03/15/38 (a) (b)   1,389    1,371 
           
Total Commercial Mortgage-Backed Securities          
(Cost $32,697) (000)        32,312 
           
Total Investments — 98.9%          
(Cost $32,697) (000)       $32,312 

 

 

 

 RiverPark Floating Rate CMBS Fund

June 30, 2024 (Unaudited)

 

  Percentages are based on Net Assets of $32,665 (000).
(a) Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates for certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.
(b) Securities sold within terms of a private placement memorandum, exempt from registration under Section 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." These securities have been determined to be liquid under guidelines established by the Board of Trustees. At June 30, 2024, these securities amounted to $32,312 (000) or 98.9% of Net Assets.

 

Cl — Class
Ser — Series
TSFR1M — Term Secured Overnight Finance Rate 1-Month

 

RPF-QH-001-2700

 

 

 

 

 RiverPark/Next Century Growth Fund

June 30, 2024 (Unaudited)

 

Description  Shares   Value (000) 
Schedule of Investments          
Common Stock — 94.8%**          
Communication Services – 0.7%          
QuinStreet *   5,845   $97 
           
Consumer Discretionary – 5.9%          
Cava Group *   1,518    141 
Dutch Bros, Cl A *   3,982    165 
Floor & Decor Holdings, Cl A *   662    66 
Global-e Online *   2,451    89 
Kura Sushi USA, Cl A *   1,184    75 
LGI Homes *   1,457    130 
Smith Douglas Homes, Cl A *   5,122    120 
Universal Technical Institute *   2,703    42 
         828 
Consumer Staples – 4.3%          
Celsius Holdings *   4,933    282 
Freshpet *   2,568    332 
         614 
Energy – 0.6%          
Permian Resources, Cl A   5,625    91 
           
Financials – 6.7%          
Flywire *   16,142    265 
Kinsale Capital Group   1,060    408 
Paymentus Holdings, Cl A *   14,269    271 
         944 
Health Care – 19.8%          
Alphatec Holdings *   18,828    197 
Artivion *   2,141    55 
Castle Biosciences *   3,136    68 
Medpace Holdings *   607    250 
Natera *   3,235    350 
Penumbra *   396    71 
PROCEPT BioRobotics *   2,211    135 
Progyny *   5,408    155 
RxSight *   3,379    203 
SI-BONE *   5,687    74 
Tandem Diabetes Care *   11,130    448 
TransMedics Group *   4,462    672 
Vericel *   2,482    114 
         2,792 
Industrials – 25.6%          
AAON   886    77 
AeroVironment *   1,960    357 
Astronics *   29,379    589 
ExlService Holdings *   8,131    255 
FTAI Aviation   1,961    202 
Hexcel   5,312    332 
Loar Holdings *   2,901    155 
MYR Group *   1,089    148 
Paylocity Holding *   420    55 
RBC Bearings *   993    268 
Saia *   1,102    523 
Sterling Infrastructure *   1,184    140 
Verra Mobility, Cl A *   18,575    505 
         3,606 
Information Technology – 31.2%          
Agilysys *   1,936    202 
Appfolio, Cl A *   867    212 
Clearwater Analytics Holdings, Cl A *   7,140    132 
Coherent *   3,818    277 
Credo Technology Group Holding *   5,477    175 
CyberArk Software *   1,092    299 
Enfusion, Cl A *   8,008    68 
Five9 *   2,527    111 
Guidewire Software *   1,541    213 
JFrog *   2,183    82 
Lattice Semiconductor *   2,314    134 
MACOM Technology Solutions Holdings *   4,827    538 
Monday.com *   596    144 
Napco Security Technologies   8,450    439 
PAR Technology *   4,064    191 
Q2 Holdings *   6,737    406 
SPS Commerce *   1,808    340 
Vertex, Cl A *   12,371    446 
         4,409 
Total Common Stock          
(Cost $12,604) (000)        13,381 
           
Total Investments — 94.8%          
(Cost $12,604) (000)       $13,381 

 

  Percentages are based on Net Assets of $14,112 (000).
* Non-income producing security.
** More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes.

 

Cl — Class

 

RPF-QH-001-2700

 

 

RiverPark/Next Century Large Growth Fund

June 30, 2024 (Unaudited)

 

Description  Shares   Value (000) 
Schedule of Investments          
Common Stock — 97.1%          
Communication Services – 12.2%          
Alphabet, Cl A   911   $166 
Meta Platforms, Cl A   197    99 
Netflix *   63    43 
         308 
Consumer Discretionary – 8.8%          
Amazon.com *   814    157 
Chipotle Mexican Grill, Cl A *   400    25 
DR Horton   177    25 
Tesla *   78    16 
         223 
Consumer Staples – 3.9%          
Celsius Holdings *   499    28 
Costco Wholesale   82    70 
         98 
Financials – 8.9%          
Goldman Sachs Group   107    48 
Kinsale Capital Group   79    31 
Mastercard, Cl A   118    52 
Progressive   183    38 
Visa, Cl A   215    56 
         225 
Health Care – 11.7%          
Boston Scientific *   438    34 
Dexcom *   397    45 
Eli Lilly   93    84 
Intuitive Surgical *   58    26 
Novo Nordisk ADR   180    25 
UnitedHealth Group   65    33 
Vertex Pharmaceuticals *   104    49 
         296 
Industrials – 8.9%          
Boeing *   318    58 
Old Dominion Freight Line   262    46 
Quanta Services   179    46 
Symbotic, Cl A *   823    29 
Vertiv Holdings, Cl A   520    45 
         224 
Information Technology – 41.6%          
Adobe *   73    41 
Advanced Micro Devices *   335    54 
Apple   917    193 
ARM Holdings ADR *   247    41 
Cadence Design Systems *   82    25 
Crowdstrike Holdings, Cl A *   127    49 
Microsoft   578    258 
Monolithic Power Systems   40    33 
NVIDIA   1,800    222 
Palo Alto Networks *   116    39 
ServiceNow *   77    61 
Shopify, Cl A *   246    16 
Workday, Cl A *   80    18 
         1,050 
Real Estate – 1.1%          
CoStar Group *   387    29 
           
Total Common Stock          
(Cost $2,018) (000)        2,453 
           
Total Investments — 97.1%          
(Cost $2,018) (000)       $2,453 

 

  Percentages are based on Net Assets of $2,525 (000).
* Non-income producing security.

 

ADR — American Depositary Receipt
Cl — Class

 

RPF-QH-001-2700