# Rockefeller California Municipal Bond ETF (RMCA): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rmca for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Rockefeller · Asset class: Fixed Income - Strategy: Actively Managed · Inception: 2024-08-12 The Rockefeller California Municipal Bond ETF (RMCA) is an actively managed exchange-traded fund whose primary objective is to generate income exempt from both U.S. federal and California state income taxes. It achieves this by focusing its investments on municipal bonds issued within California. Typically, at least 80% of the fund's net assets, including any capital borrowed for investment purposes, will be allocated to debt securities. The interest income from these bonds is considered free from regular U.S. federal and California state income taxation, based on the bond counsel's opinion... ## Key Facts | Metric | Value | |---|---| | Price | $23.11 | | Expense Ratio | 0.55% | | Assets Under Management | $18.4M | | NAV | $22.96 | | Holdings Count | 0 | | Distribution Yield (TTM) | 4.59% | | Annual Distribution (TTM) | $1.06 /share | | Distribution Frequency | Monthly | | 52-Week Range | $22.35 – $24.61 | | Beta | 0.17 | ## Latest Distribution - Amount: $0.0847 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does RMCA invest in? The Rockefeller California Municipal Bond ETF (RMCA) is an actively managed exchange-traded fund whose primary objective is to generate income exempt from both U.S. federal and California state income taxes. It achieves this by focusing its investments on municipal bonds issued within California. Typically, at least 80% of the fund's net assets, including any capital borrowed for investment purposes, will be allocated to debt securities. The interest income from these bonds is considered free from regular U.S. federal and California state income taxation, based on the bond counsel's opinion at the time of issuance and current tax legislation. Importantly, this fund operates with a non-diversified portfolio. ### What is the expense ratio of RMCA? Rockefeller California Municipal Bond ETF (RMCA) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations. ### What is RMCA's dividend yield? RMCA's trailing-twelve-month yield is 4.59%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of RMCA? Effective duration measures RMCA's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. RMCA's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of RMCA? RMCA's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of RMCA? Yield to maturity (YTM) is the total return you'd earn from RMCA if every bond in the portfolio is held to maturity at the current price. RMCA's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does RMCA pay a dividend? Yes, Rockefeller California Municipal Bond ETF (RMCA) distributes dividends to shareholders. The trailing-twelve-month yield is 4.59%. Full dividend history is on this page. ### How often does RMCA pay dividends? Rockefeller California Municipal Bond ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is RMCA's next ex-dividend date? The most recently announced ex-dividend date for RMCA was 2026-09-29. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will RMCA's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.55% 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 RMCA charge its expense ratio? The expense ratio is deducted in tiny daily slices from RMCA'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 RMCA cost more than a fund like VOO? RMCA is actively managed (current expense ratio 0.55%). 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 RMCA's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to RMCA? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as RMCA (0.55%) 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/rmca - Distribution history: https://www.dividenddata.com/funds/rmca/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rmca/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rmca/expenses - Peer comparison: https://www.dividenddata.com/funds/rmca/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.