# Rockefeller New York Municipal Bond ETF (RMNY): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rmny 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: Options Income · Inception: 2024-08-12 The Rockefeller New York Municipal Bond ETF (RMNY) primarily allocates its capital across a broad spectrum of municipal bonds, irrespective of their duration, aiming to deliver income that is generally free from both federal and New York State income taxes. The fund maintains the flexibility to commit up to a quarter of its portfolio to debt instruments graded as medium investment quality or lower, encompassing higher-yielding, speculative-grade bonds. It may also invest in private activity bonds, where the interest income qualifies as a tax-preference item, requiring shareholders subject t... ## Key Facts | Metric | Value | |---|---| | Price | $23.46 | | Expense Ratio | 0.55% | | Assets Under Management | $30.6M | | NAV | $23.55 | | Holdings Count | 0 | | Distribution Yield (TTM) | 4.53% | | Annual Distribution (TTM) | $1.06 /share | | Distribution Frequency | Monthly | | 52-Week Range | $22.72 – $24.99 | | Beta | 0.17 | ## Latest Distribution - Amount: $0.0855 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does RMNY invest in? The Rockefeller New York Municipal Bond ETF (RMNY) primarily allocates its capital across a broad spectrum of municipal bonds, irrespective of their duration, aiming to deliver income that is generally free from both federal and New York State income taxes. The fund maintains the flexibility to commit up to a quarter of its portfolio to debt instruments graded as medium investment quality or lower, encompassing higher-yielding, speculative-grade bonds. It may also invest in private activity bonds, where the interest income qualifies as a tax-preference item, requiring shareholders subject to the Alternative Minimum Tax (AMT) to account for these distributions in their computations. Furthermore, RMNY's exposure to inverse floaters, typically stemming from municipal tender option bond financing arrangements, could reach as much as 35%. The fund intends to concentrate a significant portion of its investments in bonds characterized by higher issuance volumes, which may include municipal debt from Puerto Rico that is exempt from New York income taxes. Additionally, it has the option to invest in certain specialized municipal bonds, such as tobacco settlement bonds, occasionally known as "dirt bonds." While its primary focus is on tax-exempt income, a portion of the fund's holdings might generate taxable interest. Operated under active management, the fund's investment strategy considers elements like relative value, prevailing market supply and demand, identified market inefficiencies, and specific, opportunistic situations. ### 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 4.53%, 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. ### What is the duration of RMNY? Effective duration measures RMNY's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. RMNY's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of RMNY? RMNY'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. ### Does RMNY pay a distribution? Yes, Rockefeller New York Municipal Bond ETF (RMNY) distributes distributions to shareholders. The trailing-twelve-month yield is 4.53%. Full distribution history is on this page. ### How often does RMNY pay distributions? Rockefeller New York Municipal Bond ETF pays distributions Monthly. Each ex-dividend date, record date, and payment date is listed in the distribution history table on this page. ### When is RMNY's next ex-distribution date? The most recently announced ex-distribution date for RMNY was 2026-09-29. The next ex-date typically follows Monthly; once announced it appears at the top of the distribution history table on this page. ### Is RMNY's distribution sustainable? Covered-call ETFs like RMNY fund their distributions from option premium income. Sustainability depends on (1) whether option premiums stay high enough to cover the announced rate, and (2) whether NAV holds up over time. The NAV Erosion section on this page contrasts total return with price change since inception. If distributions consistently exceed total return, the fund is paying out capital rather than income. ### How much will RMNY'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 RMNY charge its expense ratio? The expense ratio is deducted in tiny daily slices from RMNY'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 RMNY cost more than a fund like VOO? RMNY is an options-income fund (current expense ratio 0.55%). Covered-call and 0DTE strategies require active option-writing, daily rebalancing, and dedicated risk management. They cost more than passive equity funds. The Cost Verdict card compares RMNY against the options-income cohort, not VOO. ### Are RMNY's distributions taxed at ordinary income or qualified-dividend rates? RMNY's option-premium distributions are typically classified as ordinary income (NOT the qualified-dividend rate), so they're taxed at your marginal federal rate plus state. For a 24% bracket investor that's roughly 2x the 15% long-term capital gains rate most dividend investors are used to. The Fee Compounding Forecast card above lets you layer in this tax drag alongside the fund fee. Consult a tax advisor. This is not tax advice. ### Are there cheaper alternatives to RMNY? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as RMNY (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/rmny - Distribution history: https://www.dividenddata.com/funds/rmny/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rmny/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rmny/expenses - Peer comparison: https://www.dividenddata.com/funds/rmny/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.