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RMGXX

$--
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1d
1w
1m

Analysis and statistics

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About

RMGXX.US represents the RiverPark Short-Term High Yield Fund Institutional Class. This is a mutual fund offered by RiverPark Funds that seeks to maximize current income to the extent consistent with the preservation of capital. It primarily invests in a diversified portfolio of high-yield corporate bonds and other income-producing securities. The fund is designed for institutional investors and aims to provide a higher yield than traditional money market funds while maintaining a relatively short duration, making it less sensitive to interest rate fluctuations.
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Factors

Interest Rate Changes: As interest rates rise, the yield on RMGXX typically increases, potentially making it more attractive to investors and possibly increasing its price. Conversely, falling rates can decrease yield and price.

Economic Conditions: A strong economy often leads to higher interest rates, influencing RMGXX's yield and price. Weaker economic conditions may lead to lower rates and potentially lower yields.

Federal Reserve Policy: The Federal Reserve's monetary policy decisions, particularly regarding the federal funds rate, directly impact short-term interest rates and, therefore, the yield and price of RMGXX.

Supply and Demand: Higher demand for money market funds like RMGXX can drive up its price, while increased supply or decreased demand can lower it.

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