Rockefeller New York Municipal Bond ETF

Frequently Asked Questions About RMNY

What are the top holdings of RMNY?

A machine-readable holdings disclosure for Rockefeller New York Municipal Bond ETF (RMNY) is not available from our data sources. Fund families sometimes register portfolio filings under a sibling share class or outside the SEC's structured datasets. Rather than estimate, we leave the section blank; the issuer's website carries the authoritative portfolio list.

What sectors does RMNY invest in?

Rockefeller New York Municipal Bond ETF (RMNY) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is RMNY most exposed to?

RMNY's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is RMNY a US-only fund?

The country allocation card on this page shows RMNY's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.

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.