Rockefeller Opportunistic Municipal Bond ETF

Frequently Asked Questions About RMOP

What does RMOP invest in?

The Rockefeller Opportunistic Municipal Bond ETF (RMOP) is an actively managed exchange-traded fund designed with a two-fold aim: to generate current income that is exempt from federal income tax and to foster long-term capital appreciation. To achieve these goals, the fund primarily allocates its investments to municipal bonds. Typically, at least 80% of its net assets, along with any capital borrowed for investment, will be directed towards debt instruments whose interest, as certified by the issuer's bond counsel at the time of issuance and under existing tax regulations, qualifies as federally tax-exempt. It should also be noted that this fund operates with a non-diversified investment strategy.

What is the expense ratio of RMOP?

Rockefeller Opportunistic Municipal Bond ETF (RMOP) charges an expense ratio of 0.80%. 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 5.42%, 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.