RMNY

Rockefeller New York Municipal Bond ETF

$24.52

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Rockefeller New York Municipal Bond ETF (RMNY) seeks to provide current income that is exempt from federal and New York state income taxes by investing primarily in investment-grade municipal bonds issued in the state of New York.

Overview

ETF tracking Rockefeller New York Municipal Bond ETF

Category Municipal Bonds

Issuer Other

Inception Date 2024-08-13

Market Cap $17.2M

Average Volume N/A

Dividend Yield 3.38%

52-Week Range $23.52 - $25.39

VWAP $24.56

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests at least 80% of its net assets in municipal bonds that are exempt from federal and New York state income taxes. The portfolio is actively managed, with the goal of generating tax-advantaged income while maintaining a relatively low-risk profile.

✨ Key Features

Focuses on investment-grade municipal bonds issued in the state of New York
Actively managed portfolio aimed at generating tax-exempt income
Relatively low-risk profile compared to some other municipal bond funds
Expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline if interest rates rise
Credit risk: The fund is exposed to the risk of default or downgrade of the municipal bonds it holds
Concentration risk: By focusing on New York municipal bonds, the fund has higher exposure to economic and political factors affecting that state
Liquidity risk: The municipal bond market can be less liquid than other fixed-income markets, which may impact the fund's ability to sell holdings

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and a relatively low-risk fixed-income investment, particularly those who live in New York and are looking to minimize their state and local tax burden. However, investors should be aware of the risks associated with municipal bond funds and the potential for volatility in the fund's share price.