RMCA

Rockefeller California Municipal Bond ETF

Fund Approach

Actively managed municipal bond ETF leveraging a value-orientated credit intensive process that seeks to produce high levels of tax-free income over the long-term, resulting in yield driven total return across various cycles. Seeks to capitalize on municipal market inefficiencies through relative value bottom-up fundamental credit analysis.

Investment Objective

The Fund seeks income exempt from U.S. federal and California state income tax.

Fund Details

Name	Value
Fund Inception	8/12/2024
Primary Exchange	NYSE
Expense Ratio*	0.55%
CUSIP	45259A860
Fund Name	Rockefeller California Municipal Bond ETF
30 Day SEC Yield* As of 09/30/2026	4.88%

*The 30-Day SEC Yield is calculated with a standardized formula mandated by the SEC. The formula is based on the maximum offering price per share and does not reflect waivers in effect.

Fund Data & Pricing

Name	Value
Net Assets	$18.57m
NAV	$23.22
Shares Outstanding	800,000
Premium/Discount Percentage	-0.05%
Closing Price	$23.21
Median 30 Day Spread*	0.18%

Name
10/29/2026

*30-Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Fund Performance

Name
9/30/2026

Fund Name	Fund Ticker	1 Month	3 Month	6 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception (Cumulative)	Since Inception (Annualized)	Date
Rockefeller California Municipal Bond ETF	RMCA MKT	-4.33	-6.55	-3.91	-3.42	-2.37	-	-	-	-1.15	-0.54	09/30/2026
Rockefeller California Municipal Bond ETF	RMCA NAV	-4.54	-6.57	-3.71	-3.45	-2.36	-	-	-	-1.25	-0.59	09/30/2026

Name
9/30/2026

Fund Name	Fund Ticker	1 Month	3 Month	6 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception (Cumulative)	Since Inception (Annualized)	Date
Rockefeller California Municipal Bond ETF	RMCA MKT	-4.33	-6.55	-3.91	-3.42	-2.37	-	-	-	-1.15	-0.54	09/30/2026
Rockefeller California Municipal Bond ETF	RMCA NAV	-4.54	-6.57	-3.71	-3.45	-2.36	-	-	-	-1.25	-0.59	09/30/2026

The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (844) 992-1333.

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on historical returns. Returns beyond 1 year are annualized.

A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.

Distribution Detail

ex date	record date	payable date	amount
09/27/2024	09/27/2024	09/30/2024	0.07
10/30/2024	10/30/2024	10/31/2024	0.09
11/27/2024	11/27/2024	11/29/2024	0.06
12/30/2024	12/30/2024	12/31/2024	0.08
01/30/2025	01/30/2025	01/31/2025	0.09
02/27/2025	02/27/2025	02/28/2025	0.08
03/28/2025	03/28/2025	03/31/2025	0.09
04/29/2025	04/29/2025	04/30/2025	0.10
05/29/2025	05/29/2025	05/30/2025	0.09
06/27/2025	06/27/2025	06/30/2025	0.08

Fund Documents

Fund Managers

Scott Cottier

Managing Director and Portfolio Manager

Scott Cottier, CFA® is Managing Director and Portfolio Manager for Rockefeller’s High Yield Municipal Bond Solutions. Mr. Cottier brings over 29 years of investment experience. Prior to joining Rockefeller, Mr. Cottier served as Senior Portfolio Manager and Head of Opportunistic Municipal Funds for the Invesco Municipal Bond Team and was responsible for the Invesco Rochester Municipal Solutions. Prior to Invesco, Mr. Cottier was at OppenheimerFunds, Inc which was acquired by Invesco in 2019. Mr. Cottier was a Portfolio Manager and Trader at Victory Capital Management from 1999 to 2002. Mr. Cottier received a B.S. in Mathematics from John Carroll University and a M.B.A. in Business from Case Western University and is a Chartered Financial Analyst® charterholder.

Mark DeMitry

Senior Vice President and Portfolio Manager

Mark DeMitry, CFA® is a Senior Vice President and Portfolio Manager for Rockefeller’s High Yield Municipal Bond Solutions. Mr. DeMitry brings over 26 years of investment experience. Prior to joining Rockefeller, Mr. DeMitry served as Senior Portfolio Manager responsible for the Invesco Rochester Municipal Solutions. Prior to Invesco, Mr. DeMitry was at OppenheimerFunds, Inc which was acquired by Invesco in 2019, and before that was at M&T Securities. Mr. DeMitry received a B.S. in Business from the Niagara University and a M.B.A. in Finance from the Rochester Institute of Technology and is a Chartered Financial Analyst® charterholder.

Michael Camarella

Senior Vice President and Portfolio Manager

Michael Camarella, CFA® is a Senior Vice President and Portfolio Manager for Rockefeller’s High Yield Municipal Bond Solutions. Mr. Camarella brings over 25 years of investment experience. Prior to joining Rockefeller, Mr. Camarella served as Senior Portfolio Manager responsible for the Invesco Rochester Municipal Solutions. Prior to Invesco, Mr. Camarella was at OppenheimerFunds, Inc which was acquired by Invesco in 2019. Prior to joining Invesco, Mr. Camarella was an Investment Banking Analyst at Wachovia Securities. Mr. Camarella received a B.S. in Business from the State University of New York at Geneseo and a M.B.A. in Finance and Corporate Accounting from the University of Rochester and is a Chartered Financial Analyst® charterholder.

Uniquely Rockefeller

How Can We Help You?

Top 10 Holdings

Name
10/30/2026

Date	Account	Fund Ticker	CUSIP	SecurityName	Shares	Price	MarketValue	Weightings	NetAssets	SharesOutstanding	CreationUnits
10/30/2026	RMCA	130491AU7	130491AU7	California Municipal Finance Authority 5.5% 07/01/2060	500,000.00	102.07	510,352.75	2.75%	18,574,560	800,000	16
10/30/2026	RMCA	13032WDK7	13032WDK7	California Housing Finance Agency 5% 08/01/2055	500,000.00	99.21	496,073.25	2.67%	18,574,560	800,000	16
10/30/2026	RMCA	120827EF3	120827EF3	Burbank-Glendale-Pasadena Airport Authority Brick Campaign 5.25% 07/01/2054	500,000.00	98.71	493,566.05	2.66%	18,574,560	800,000	16
10/30/2026	RMCA	513533JW0	513533JW0	Lammersville Joint Unified School District 5.25% 09/01/2055	500,000.00	98.31	491,528.25	2.65%	18,574,560	800,000	16
10/30/2026	RMCA	714368MR5	714368MR5	Perris Community Facilities District 5.75% 09/01/2056	500,000.00	98.18	490,903.05	2.64%	18,574,560	800,000	16
10/30/2026	RMCA	13032YAX8	13032YAX8	California Health Facilities Financing Authority 5% 09/01/2056	500,000.00	97.79	488,946.60	2.63%	18,574,560	800,000	16
10/30/2026	RMCA	13058RAU8	13058RAU8	California School Facilities Financing Authority 0% 08/01/2049	1,500,000.00	29.81	447,220.05	2.41%	18,574,560	800,000	16
10/30/2026	RMCA	261005SS2	261005SS2	Downey Unified School District 4% 08/01/2052	500,000.00	86.07	430,338.75	2.32%	18,574,560	800,000	16
10/30/2026	RMCA	5444453D9	5444453D9	City of Los Angeles Department of Airports 5.5% 05/15/2055	400,000.00	101.87	407,473.84	2.19%	18,574,560	800,000	16
10/30/2026	RMCA	13057GAY5	13057GAY5	California Public Finance Authority 6.625% 03/01/2065	400,000.00	100.51	402,034.72	2.16%	18,574,560	800,000	16
10/30/2026	RMCA	13016NCX0	13016NCX0	California County Tobacco Securitization Agency 0% 06/01/2046	1,250,000.00	28.59	357,425.50	1.92%	18,574,560	800,000	16
10/30/2026	RMCA	13048TYR8	13048TYR8	California Municipal Finance Authority 5% 06/15/2037	350,000.00	100.02	350,070.98	1.88%	18,574,560	800,000	16
10/30/2026	RMCA	513533LC1	513533LC1	Lammersville Joint Unified School District 5% 09/01/2056	350,000.00	91.22	319,260.76	1.72%	18,574,560	800,000	16
10/30/2026	RMCA	13077DWG3	13077DWG3	California State University 5.25% 11/01/2056	300,000.00	102.30	306,912.15	1.65%	18,574,560	800,000	16
10/30/2026	RMCA	13080SM76	13080SM76	California Statewide Communities Development Authority 5.25% 08/15/2052	300,000.00	98.23	294,680.91	1.59%	18,574,560	800,000	16
10/30/2026	RMCA	13033L4N4	13033L4N4	California Health Facilities Financing Authority 5% 10/01/2044	300,000.00	97.29	291,882.78	1.57%	18,574,560	800,000	16
10/30/2026	RMCA	13058TKK5	13058TKK5	California School Finance Authority 5% 07/01/2045	300,000.00	92.38	277,125.06	1.49%	18,574,560	800,000	16
10/30/2026	RMCA	13058TLY4	13058TLY4	California School Finance Authority 5% 08/01/2036	275,000.00	97.33	267,666.44	1.44%	18,574,560	800,000	16
10/30/2026	RMCA	13048V7N2	13048V7N2	California Municipal Finance Authority 6% 09/01/2056	250,000.00	106.06	265,160.73	1.43%	18,574,560	800,000	16
10/30/2026	RMCA	695801AB6	695801AB6	Pajaro Valley Health Care District 5% 09/01/2054	295,000.00	88.52	261,127.22	1.41%	18,574,560	800,000	16
10/30/2026	RMCA	940642GL9	940642GL9	Washington Township Health Care District 5.5% 08/01/2056	250,000.00	104.00	260,011.68	1.40%	18,574,560	800,000	16
10/30/2026	RMCA	13049HAA6	13049HAA6	California Municipal Finance Authority 5.35% 06/20/2046	250,000.00	104.38	260,938.10	1.40%	18,574,560	800,000	16
10/30/2026	RMCA	13058TRV4	13058TRV4	California School Finance Authority 5% 06/01/2043	280,000.00	93.09	260,659.42	1.40%	18,574,560	800,000	16
10/30/2026	RMCA	13035CAB1	13035CAB1	California Infrastructure & Economic Development Bank 5.125% 07/01/2054	300,000.00	85.68	257,050.11	1.38%	18,574,560	800,000	16
10/30/2026	RMCA	82706TAA9	82706TAA9	Silicon Valley Tobacco Securitization Authority 0% 06/01/2036	440,000.00	58.24	256,247.51	1.38%	18,574,560	800,000	16
10/30/2026	RMCA	79739GTE6	79739GTE6	San Diego County Regional Airport Authority 5.5% 07/01/2055	250,000.00	101.75	254,364.83	1.37%	18,574,560	800,000	16
10/30/2026	RMCA	544446AZ0	544446AZ0	City of Los Angeles Department of Airports 5.5% 05/15/2056	250,000.00	101.94	254,841.73	1.37%	18,574,560	800,000	16
10/30/2026	RMCA	13078RKB5	13078RKB5	California Statewide Communities Development Authority 5.25% 05/15/2056	250,000.00	100.56	251,396.68	1.35%	18,574,560	800,000	16
10/30/2026	RMCA	13059TCQ0	13059TCQ0	California School Finance Authority 5% 07/01/2036	250,000.00	100.02	250,041.03	1.35%	18,574,560	800,000	16
10/30/2026	RMCA	13048T7N7	13048T7N7	California Municipal Finance Authority 5% 05/15/2047	250,000.00	100.16	250,387.88	1.35%	18,574,560	800,000	16
10/30/2026	RMCA	544532NK6	544532NK6	Los Angeles Department of Water & Power 5.25% 07/01/2054	250,000.00	100.37	250,935.38	1.35%	18,574,560	800,000	16
10/30/2026	RMCA	786107XB3	786107XB3	County of Sacramento CA Airport System Revenue 5.25% 07/01/2050	250,000.00	100.29	250,725.38	1.35%	18,574,560	800,000	16
10/30/2026	RMCA	79766DYA1	79766DYA1	San Francisco City & County Airport Comm-San Francisco International Airport 5.25% 05/01/2055	250,000.00	99.48	248,698.30	1.34%	18,574,560	800,000	16
10/30/2026	RMCA	13032U7V4	13032U7V4	California Health Facilities Financing Authority 5% 11/15/2056	250,000.00	99.54	248,838.23	1.34%	18,574,560	800,000	16
10/30/2026	RMCA	79766DXP9	79766DXP9	San Francisco City & County Airport Comm-San Francisco International Airport 5.25% 05/01/2055	250,000.00	99.48	248,696.48	1.34%	18,574,560	800,000	16
10/30/2026	RMCA	13080S2T0	13080S2T0	California Statewide Communities Development Authority 5% 07/01/2055	250,000.00	99.17	247,917.40	1.33%	18,574,560	800,000	16
10/30/2026	RMCA	79766DSA8	79766DSA8	San Francisco City & County Airport Comm-San Francisco International Airport 5% 05/01/2050	250,000.00	95.71	239,264.53	1.29%	18,574,560	800,000	16
10/30/2026	RMCA	13048V5M6	13048V5M6	California Municipal Finance Authority 5.25% 09/01/2055	250,000.00	95.62	239,059.85	1.29%	18,574,560	800,000	16
10/30/2026	RMCA	67232QAP6	67232QAP6	City of Oakland CA 5.25% 09/01/2055	250,000.00	95.90	239,752.63	1.29%	18,574,560	800,000	16
10/30/2026	RMCA	62412KAL1	62412KAL1	Mountain House Community Facilities District 5.25% 09/01/2055	250,000.00	95.62	239,059.85	1.29%	18,574,560	800,000	16
10/30/2026	RMCA	776192A22	776192A22	Romoland School District 5% 09/01/2056	250,000.00	94.39	235,977.38	1.27%	18,574,560	800,000	16
10/30/2026	RMCA	13032WGB4	13032WGB4	California Housing Finance Agency 4.65% 02/01/2056	250,000.00	94.51	236,276.40	1.27%	18,574,560	800,000	16
10/30/2026	RMCA	13048TP49	13048TP49	California Municipal Finance Authority 5.25% 11/01/2047	250,000.00	93.93	234,835.65	1.26%	18,574,560	800,000	16
10/30/2026	RMCA	798086CQ5	798086CQ5	San Joaquin County Community Facilities District/CA 5% 09/01/2051	250,000.00	92.02	230,051.10	1.24%	18,574,560	800,000	16
10/30/2026	RMCA	13034A5Z9	13034A5Z9	California Infrastructure & Economic Development Bank 5% 12/01/2054	250,000.00	90.73	226,819.03	1.22%	18,574,560	800,000	16
10/30/2026	RMCA	54178MBV5	54178MBV5	Lompoc Valley Medical Center 4% 08/01/2037	250,000.00	89.61	224,035.23	1.21%	18,574,560	800,000	16
10/30/2026	RMCA	544532PW8	544532PW8	Los Angeles Department of Water & Power 5% 07/01/2055	225,000.00	98.18	220,901.69	1.19%	18,574,560	800,000	16
10/30/2026	RMCA	13051EAJ9	13051EAJ9	California Municipal Finance Authority 5.375% 01/01/2055	250,000.00	87.19	217,978.80	1.17%	18,574,560	800,000	16
10/30/2026	RMCA	16876QBG3	16876QBG3	Children's Trust Fund 5.625% 05/15/2043	210,000.00	100.99	212,079.00	1.14%	18,574,560	800,000	16
10/30/2026	RMCA	13059TFU8	13059TFU8	California School Finance Authority 5% 07/01/2049	225,000.00	90.92	204,568.83	1.10%	18,574,560	800,000	16
10/30/2026	RMCA	79739GPP5	79739GPP5	San Diego County Regional Airport Authority 4% 07/01/2056	250,000.00	80.67	201,681.50	1.09%	18,574,560	800,000	16
10/30/2026	RMCA	072024YE6	072024YE6	Bay Area Toll Authority 2.6% 04/01/2055	200,000.00	100.00	200,000.00	1.08%	18,574,560	800,000	16
10/30/2026	RMCA	768269AP7	768269AP7	River Islands Public Financing Authority 0% 09/01/2062	1,450,000.00	13.81	200,270.09	1.08%	18,574,560	800,000	16
10/30/2026	RMCA	13058TEZ9	13058TEZ9	California School Finance Authority 5.875% 05/01/2047	200,000.00	96.69	193,380.38	1.04%	18,574,560	800,000	16
10/30/2026	RMCA	82706TAE1	82706TAE1	Silicon Valley Tobacco Securitization Authority 0% 06/01/2041	500,000.00	38.35	191,746.50	1.03%	18,574,560	800,000	16
10/30/2026	RMCA	16876QBF5	16876QBF5	Children's Trust Fund 5.5% 05/15/2039	180,000.00	101.25	182,250.00	0.98%	18,574,560	800,000	16
10/30/2026	RMCA	13077ETF7	13077ETF7	California Statewide Communities Development Authority 5% 09/01/2056	200,000.00	91.22	182,434.72	0.98%	18,574,560	800,000	16
10/30/2026	RMCA	13013JFX9	13013JFX9	California Community Choice Financing Authority 5% 01/01/2056	180,000.00	99.31	178,754.69	0.96%	18,574,560	800,000	16
10/30/2026	RMCA	13057GAP4	13057GAP4	California Public Finance Authority 6.5% 06/01/2054	175,000.00	93.38	163,411.48	0.88%	18,574,560	800,000	16
10/30/2026	RMCA	13048VUP1	13048VUP1	California Municipal Finance Authority 4% 09/01/2050	200,000.00	79.01	158,010.74	0.85%	18,574,560	800,000	16
10/30/2026	RMCA	13057TAG6	13057TAG6	California Public Finance Authority 6.625% 06/01/2065	150,000.00	102.09	153,139.05	0.82%	18,574,560	800,000	16
10/30/2026	RMCA	13080SEX8	13080SEX8	California Statewide Communities Development Authority 5.5% 12/01/2054	150,000.00	99.72	149,586.86	0.81%	18,574,560	800,000	16
10/30/2026	RMCA	79742GAA9	79742GAA9	San Diego County Regional Airport Authority 5% 07/01/2044	150,000.00	99.99	149,988.15	0.81%	18,574,560	800,000	16
10/30/2026	RMCA	13080SML5	13080SML5	California Statewide Communities Development Authority 5.25% 12/01/2056	150,000.00	98.61	147,915.24	0.80%	18,574,560	800,000	16
10/30/2026	RMCA	130486BC6	130486BC6	California Municipal Finance Authority 5% 06/01/2048	150,000.00	90.07	135,107.97	0.73%	18,574,560	800,000	16
10/30/2026	RMCA	74529JRL1	74529JRL1	Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 4.784% 07/01/2058	150,000.00	89.60	134,397.09	0.72%	18,574,560	800,000	16
10/30/2026	RMCA	13058TUW8	13058TUW8	California School Finance Authority 5.6% 07/01/2064	150,000.00	83.07	124,610.66	0.67%	18,574,560	800,000	16
10/30/2026	RMCA	13048DDG0	13048DDG0	California Municipal Finance Authority 4% 07/01/2055	150,000.00	72.38	108,571.97	0.58%	18,574,560	800,000	16
10/30/2026	RMCA	854492AP0	854492AP0	Stanislaus Regional Housing Authority 5.25% 06/01/2056	100,000.00	98.47	98,465.69	0.53%	18,574,560	800,000	16
10/30/2026	RMCA	130179EU4	130179EU4	California Educational Facilities Authority 5% 10/01/2045	100,000.00	98.73	98,728.67	0.53%	18,574,560	800,000	16
10/30/2026	RMCA	13048DCE6	13048DCE6	California Municipal Finance Authority 5.5% 06/01/2038	100,000.00	96.18	96,175.84	0.52%	18,574,560	800,000	16
10/30/2026	RMCA	130923BG9	130923BG9	California Statewide Financing Authority 6% 05/01/2037	90,000.00	101.92	91,726.32	0.49%	18,574,560	800,000	16
10/30/2026	RMCA	13080SEW0	13080SEW0	California Statewide Communities Development Authority 5.25% 12/01/2044	90,000.00	99.24	89,315.23	0.48%	18,574,560	800,000	16
10/30/2026	RMCA	13016NBY9	13016NBY9	California County Tobacco Securitization Agency 6% 06/01/2042	80,000.00	100.15	80,116.07	0.43%	18,574,560	800,000	16
10/30/2026	RMCA	13058TCK4	13058TCK4	California School Finance Authority 5% 08/01/2045	70,000.00	91.42	63,995.48	0.34%	18,574,560	800,000	16
10/30/2026	RMCA	13048VPX0	13048VPX0	California Municipal Finance Authority 5% 10/01/2049	50,000.00	91.81	45,905.64	0.25%	18,574,560	800,000	16
10/30/2026	RMCA	13048TVF7	13048TVF7	California Municipal Finance Authority 5% 11/01/2040	45,000.00	95.40	42,928.31	0.23%	18,574,560	800,000	16
10/30/2026	RMCA	74529JPW9	74529JPW9	Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 4.75% 07/01/2053	45,000.00	90.05	40,521.21	0.22%	18,574,560	800,000	16
10/30/2026	RMCA	13059TFG9	13059TFG9	California School Finance Authority 5% 08/01/2038	40,000.00	99.66	39,862.44	0.21%	18,574,560	800,000	16
10/30/2026	RMCA	053559AZ3	053559AZ3	Avenal Public Financing Authority 5% 09/01/2036	40,000.00	97.79	39,116.84	0.21%	18,574,560	800,000	16
10/30/2026	RMCA	74529JPV1	74529JPV1	Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 4.55% 07/01/2040	27,000.00	95.40	25,756.81	0.14%	18,574,560	800,000	16
10/30/2026	RMCA	13080SVL5	13080SVL5	California Statewide Communities Development Authority 5.25% 12/01/2043	25,000.00	100.30	25,075.78	0.14%	18,574,560	800,000	16
10/30/2026	RMCA	13058TQA1	13058TQA1	California School Finance Authority 5% 10/01/2042	25,000.00	95.35	23,838.12	0.13%	18,574,560	800,000	16
10/30/2026	RMCA	13016NCH5	13016NCH5	California County Tobacco Securitization Agency 0% 06/01/2050	100,000.00	22.73	22,731.34	0.12%	18,574,560	800,000	16
10/30/2026	RMCA	55374SAA8	55374SAA8	M-S-R Energy Authority 6.125% 11/01/2029	20,000.00	103.10	20,620.39	0.11%	18,574,560	800,000	16
10/30/2026	RMCA	13048VXC7	13048VXC7	California Municipal Finance Authority 5% 10/01/2031	10,000.00	105.69	10,569.00	0.06%	18,574,560	800,000	16
10/30/2026	RMCA	Cash&Other	Cash&Other	Cash & Other	-236,360.00	1.00	-236,360.06	-1.27%	18,574,560	800,000	16

Holdings are subject to change without notice.

Purchase

The Fund (RMCA) is available through various channels including via phone (844) 992-1333, broker-dealers, investment advisers, and other financial services firms, including: