# RiverPark Long/Short Opportunity Fd Retail (RLSFX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rlsfx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2012-04-02 The fund seeks long-term capital appreciation while managing downside volatility by investing long in equity securities that RiverPark believes have above-average growth prospects and selling short equity securities the Adviser believes are competitively disadvantaged over the long term. It invests primarily in the securities of U.S. companies, but it may also invest outside the U.S. The fund limits its investments in the securities of foreign issuers to no more than 15% of its assets. ## Key Facts | Metric | Value | |---|---| | Price | $14.95 | | Expense Ratio | 2.00% | | AUM (All Share Classes) | $25.6M | | NAV | $14.95 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Annual | | 52-Week Range | $13.27 – $15.62 | | Beta | 0.90 | ## Latest Distribution - Amount: $0.0840 /share - Ex-date: 2019-12-30 - Pay date: 2019-12-31 ## Frequently Asked Questions ### What does RLSFX invest in? The fund seeks long-term capital appreciation while managing downside volatility by investing long in equity securities that RiverPark believes have above-average growth prospects and selling short equity securities the Adviser believes are competitively disadvantaged over the long term. It invests primarily in the securities of U.S. companies, but it may also invest outside the U.S. The fund limits its investments in the securities of foreign issuers to no more than 15% of its assets. ### What is the expense ratio of RLSFX? RiverPark Long/Short Opportunity Fd Retail (RLSFX) charges an expense ratio of 2.00%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is RLSFX? RiverPark Long/Short Opportunity Fd Retail (RLSFX) is one share class of a fund that manages $25.6M across all of its share classes (RLSIX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is RLSFX actively managed or an index fund? RLSFX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (RLSFX's is 2.00%) in exchange for the discretion to over- or under-weight positions. ### When was RLSFX launched? RiverPark Long/Short Opportunity Fd Retail (RLSFX) launched in April 2012 and is managed by the fund issuer. ### How has RLSFX performed? RLSFX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does RLSFX pay a dividend? RiverPark Long/Short Opportunity Fd Retail (RLSFX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does RLSFX pay dividends? RiverPark Long/Short Opportunity Fd Retail pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is RLSFX's dividend yield? RLSFX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is RLSFX's next ex-dividend date? The most recently announced ex-dividend date for RLSFX was 2019-12-30. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will RLSFX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 2.00% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does RLSFX charge its expense ratio? The expense ratio is deducted in tiny daily slices from RLSFX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does RLSFX cost more than a fund like VOO? RLSFX is actively managed (current expense ratio 2.00%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether RLSFX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to RLSFX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as RLSFX (2.00%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/rlsfx - Distribution history: https://www.dividenddata.com/funds/rlsfx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rlsfx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rlsfx/expenses - Peer comparison: https://www.dividenddata.com/funds/rlsfx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.