RMCA

Rockefeller California Municipal Bond ETF

$24.34

+0.00%

Market closed. Last update: 10:53 PM ET

📎 Investment Objective

The Rockefeller California Municipal Bond ETF (RMCA) seeks to provide current income exempt from federal and California state income taxes.

Overview

ETF tracking Rockefeller California Municipal Bond ETF

Category Municipal Bonds

Issuer Other

Inception Date 2024-08-13

Market Cap $17.0M

Average Volume N/A

Dividend Yield 3.69%

52-Week Range $23.27 - $25.32

VWAP $24.37

Performance

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Investment Summary

📎 Investment Objective

The Rockefeller California Municipal Bond ETF (RMCA) seeks to provide current income exempt from federal and California state income taxes.

🎯 Investment Strategy

The ETF invests primarily in investment-grade municipal bonds issued by the state of California and its local governments. The fund aims to maintain a high-quality, intermediate-term portfolio that generates tax-exempt income for investors.

✨ Key Features

Focuses on California municipal bonds to provide state tax-exempt income
Invests in investment-grade bonds to emphasize stability and lower credit risk
Intermediate-term maturity profile to balance income and interest rate sensitivity
Passively managed to track the performance of the California municipal bond market

⚠️ Primary Risks

Interest rate risk as bond prices may decline when interest rates rise
Credit and default risk if issuers are unable to make interest or principal payments
Concentration risk as the fund is focused solely on California municipal bonds
Liquidity risk if the underlying bonds become difficult to trade

👤 Best For

This ETF may be suitable for California-based investors seeking tax-exempt income and relatively low-risk exposure to the California municipal bond market. It may be appropriate as a core fixed income holding or for tax-sensitive investors looking to diversify their portfolio.