Rockefeller Opportunistic Municipal Bond ETF

Frequently Asked Questions About RMOP

What does RMOP invest in?

The fund is an actively-managed exchange-traded fund (“ETF”) that seeks current income exempt from federal income tax and seeks long-term capital appreciation by investing in municipal bonds. Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance and under current tax law, exempt from federal income tax. The fund is non-diversified.

What is the expense ratio of RMOP?

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

What is RMOP's dividend yield?

RMOP's trailing-twelve-month yield is 5.26%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of RMOP?

Effective duration measures RMOP's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. RMOP's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of RMOP?

RMOP'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 RMOP?

Yield to maturity (YTM) is the total return you'd earn from RMOP if every bond in the portfolio is held to maturity at the current price. RMOP'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.