Rockefeller New York Municipal Bond ETF

Frequently Asked Questions About RMNY

What does RMNY invest in?

RMNY broadly invests in municipal bonds of any maturity that are exempt from federal and New York income tax. The fund may invest up to 25% in bonds rated medium investment grade or lower, including high-yield bonds. The fund may invest in private activity bonds whose interest is a tax-preference item. Shareholders subject to AMT must include distributions from private activity bonds in their calculations. The fund may have exposure of up to 35% from inverse floaters through municipal tender option bond financing transactions. The fund intends to invest heavily in bonds with higher issuance volumes, which may include those from Puerto Rico that are exempt from New York income taxes. In addition, the fund may invest in dirt bonds like tobacco settlement bonds. A portion of assets may be invested in securities that pay taxable interest. The actively managed fund may consider relative value, market supply/demand, market dislocations, and siuation-specific opportunities.

What is the expense ratio of RMNY?

Rockefeller New York Municipal Bond ETF (RMNY) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations.

What is RMNY's distribution yield?

RMNY's trailing-twelve-month yield is 4.38%, calculated from the sum of distributions over the past year divided by the current price.

How does RMNY's covered-call strategy work?

RMNY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is RMNY?

Rockefeller New York Municipal Bond ETF (RMNY) manages $25.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is RMNY actively managed or an index fund?

RMNY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.