RMCA
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 Documents
Fund Managers

Scott Cottier
Managing Director and Portfolio Manager

Mark DeMitry
Senior Vice President and Portfolio Manager

Michael Camarella
Senior Vice President and Portfolio Manager
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 06/30/2025 | 4.59% |
*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 | $16.54m |
NAV | $23.64 |
Shares Outstanding | 700,000 |
Premium/discount Percentage | 0.13% |
Closing Price | $23.66 |
Median 30 Day Spread* | 0.13% |
Name |
---|
07/10/2025 |
*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 |
---|
6/30/2025 |
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 | 0.24 | -2.04 | -1.78 | -1.78 | - | - | - | - | -1.76 | - | 06/30/2025 |
Rockefeller California Municipal Bond ETF | RMCA NAV | 0.20 | -1.92 | -1.9 | -1.9 | - | - | - | - | -1.89 | - | 06/30/2025 |
Name |
---|
6/30/2025 |
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 | 0.24 | -2.04 | -1.78 | -1.78 | - | - | - | - | -1.76 | - | 06/30/2025 |
Rockefeller California Municipal Bond ETF | RMCA NAV | 0.20 | -1.92 | -1.9 | -1.9 | - | - | - | - | -1.89 | - | 06/30/2025 |
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 |

Top 10 Holdings
Name |
---|
07/11/2025 |
Date | Account | Fund Ticker | CUSIP | SecurityName | Shares | Price | MarketValue | Weightings | NetAssets | SharesOutstanding | CreationUnits |
---|---|---|---|---|---|---|---|---|---|---|---|
07/11/2025 | RMCA | 13058RAU8 | 13058RAU8 | California School Facilities Financing Authority 0% 08/01/2049 | 2,500,000.00 | 27.96 | 698,912.50 | 4.22% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 072024YE6 | 072024YE6 | Bay Area Toll Authority 0.8% 04/01/2055 | 550,000.00 | 100.00 | 550,000.00 | 3.32% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 82706TAA9 | 82706TAA9 | Silicon Valley Tobacco Securitization Authority 0% 06/01/2036 | 1,000,000.00 | 54.32 | 543,215.40 | 3.28% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13032U3C0 | 13032U3C0 | California Health Facilities Financing Authority 5.25% 02/01/2048 | 500,000.00 | 104.50 | 522,502.60 | 3.16% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 79739GTE6 | 79739GTE6 | San Diego County Regional Airport Authority 5.5% 07/01/2055 | 500,000.00 | 104.25 | 521,255.60 | 3.15% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13034A7C8 | 13034A7C8 | California Infrastructure & Economic Development Bank 5.25% 05/15/2059 | 500,000.00 | 103.77 | 518,871.40 | 3.14% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 919389AD8 | 919389AD8 | Valley Center Municipal Water District 4.25% 09/01/2047 | 590,000.00 | 87.77 | 517,866.84 | 3.13% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 5444453B3 | 5444453B3 | City of Los Angeles Department of Airports 5.25% 05/15/2050 | 500,000.00 | 102.30 | 511,475.15 | 3.09% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 120827EF3 | 120827EF3 | Burbank-Glendale-Pasadena Airport Authority Brick Campaign 5.25% 07/01/2054 | 500,000.00 | 100.98 | 504,878.65 | 3.05% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 79766DXP9 | 79766DXP9 | San Francisco City & County Airport Comm-San Francisco International Airport 5.25% 05/01/2055 | 500,000.00 | 100.95 | 504,754.70 | 3.05% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13032WDK7 | 13032WDK7 | California Housing Finance Agency 5% 08/01/2055 | 500,000.00 | 99.93 | 499,636.45 | 3.02% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 544532NK6 | 544532NK6 | Los Angeles Department of Water & Power 5.25% 07/01/2054 | 450,000.00 | 101.33 | 456,006.74 | 2.76% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 250433WR6 | 250433WR6 | Desert Sands Unified School District 4% 08/01/2050 | 500,000.00 | 88.40 | 442,005.30 | 2.67% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 79765R5N5 | 79765R5N5 | City of San Francisco CA Public Utilities Commission Water Revenue 4% 11/01/2050 | 500,000.00 | 87.09 | 435,467.60 | 2.63% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 79742GAA9 | 79742GAA9 | San Diego County Regional Airport Authority 5% 07/01/2044 | 425,000.00 | 99.99 | 424,964.85 | 2.57% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 5444453D9 | 5444453D9 | City of Los Angeles Department of Airports 5.5% 05/15/2055 | 400,000.00 | 104.12 | 416,496.68 | 2.52% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13057GAY5 | 13057GAY5 | California Public Finance Authority 6.625% 03/01/2065 | 400,000.00 | 96.35 | 385,390.24 | 2.33% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13016NCX0 | 13016NCX0 | California County Tobacco Securitization Agency 0% 06/01/2046 | 1,250,000.00 | 26.41 | 330,075.13 | 2.00% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13080SX33 | 13080SX33 | California Statewide Communities Development Authority 5% 11/01/2049 | 315,000.00 | 103.73 | 326,761.34 | 1.98% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13048VUP1 | 13048VUP1 | California Municipal Finance Authority 4% 09/01/2050 | 410,000.00 | 79.33 | 325,246.93 | 1.97% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13032UYJ1 | 13032UYJ1 | California Health Facilities Financing Authority 5% 08/01/2050 | 350,000.00 | 93.09 | 325,813.43 | 1.97% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 888804BA8 | 888804BA8 | Tobacco Securitization Authority of Southern California 0% 06/01/2046 | 1,500,000.00 | 18.96 | 284,453.70 | 1.72% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13058TKK5 | 13058TKK5 | California School Finance Authority 5% 07/01/2045 | 300,000.00 | 93.43 | 280,281.57 | 1.69% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13058TLY4 | 13058TLY4 | California School Finance Authority 5% 08/01/2036 | 275,000.00 | 99.99 | 274,984.74 | 1.66% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13035CAB1 | 13035CAB1 | California Infrastructure & Economic Development Bank 5.125% 07/01/2054 | 300,000.00 | 89.78 | 269,330.49 | 1.63% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 940642CV1 | 940642CV1 | Washington Township Health Care District 5% 08/01/2043 | 275,000.00 | 97.69 | 268,645.80 | 1.62% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13032US74 | 13032US74 | California Health Facilities Financing Authority 5.25% 12/01/2049 | 250,000.00 | 102.62 | 256,560.73 | 1.55% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 955636AC9 | 955636AC9 | City of West Sacramento CA Enhanced Infrastructure Financing District No 1 5% 09/01/2050 | 250,000.00 | 100.53 | 251,333.45 | 1.52% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13077DEY4 | 13077DEY4 | California State University 5% 11/01/2048 | 250,000.00 | 100.66 | 251,641.28 | 1.52% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13059TCQ0 | 13059TCQ0 | California School Finance Authority 5% 07/01/2036 | 250,000.00 | 100.05 | 250,115.43 | 1.51% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13048T7N7 | 13048T7N7 | California Municipal Finance Authority 5% 05/15/2047 | 250,000.00 | 98.15 | 245,366.28 | 1.48% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 130179VJ0 | 130179VJ0 | California Educational Facilities Authority 5.5% 10/01/2053 | 250,000.00 | 95.68 | 239,189.60 | 1.45% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13051EAJ9 | 13051EAJ9 | California Municipal Finance Authority 5.375% 01/01/2055 | 250,000.00 | 92.33 | 230,832.45 | 1.40% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13079PZR7 | 13079PZR7 | California Statewide Communities Development Authority 4% 10/01/2042 | 250,000.00 | 90.13 | 225,314.18 | 1.36% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13059TFU8 | 13059TFU8 | California School Finance Authority 5% 07/01/2049 | 225,000.00 | 94.84 | 213,398.66 | 1.29% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13058TEZ9 | 13058TEZ9 | California School Finance Authority 5.875% 05/01/2047 | 200,000.00 | 96.63 | 193,257.12 | 1.17% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13077ENQ9 | 13077ENQ9 | California Statewide Communities Development Authority 5% 09/01/2043 | 180,000.00 | 100.28 | 180,512.93 | 1.09% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 82706TAE1 | 82706TAE1 | Silicon Valley Tobacco Securitization Authority 0% 06/01/2041 | 500,000.00 | 35.31 | 176,557.30 | 1.07% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13048VMX3 | 13048VMX3 | California Municipal Finance Authority 5% 08/01/2048 | 180,000.00 | 93.25 | 167,855.72 | 1.01% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13057GAP4 | 13057GAP4 | California Public Finance Authority 6.5% 06/01/2054 | 175,000.00 | 92.88 | 162,539.13 | 0.98% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 74529JQH1 | 74529JQH1 | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 0% 07/01/2051 | 625,000.00 | 23.46 | 146,627.13 | 0.89% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13058TUF5 | 13058TUF5 | California School Finance Authority 5% 07/01/2059 | 150,000.00 | 95.38 | 143,070.35 | 0.86% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 130486BC6 | 130486BC6 | California Municipal Finance Authority 5% 06/01/2048 | 150,000.00 | 92.33 | 138,499.79 | 0.84% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13058TUW8 | 13058TUW8 | California School Finance Authority 5.6% 07/01/2064 | 150,000.00 | 90.75 | 136,128.36 | 0.82% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 130923BG9 | 130923BG9 | California Statewide Financing Authority 6% 05/01/2037 | 120,000.00 | 102.17 | 122,603.42 | 0.74% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13034A6B1 | 13034A6B1 | California Infrastructure & Economic Development Bank 9.5% 01/01/2065 | 130,000.00 | 92.99 | 120,884.76 | 0.73% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13059TJR1 | 13059TJR1 | California School Finance Authority 5% 07/01/2054 | 120,000.00 | 97.27 | 116,726.59 | 0.71% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 79739GNS1 | 79739GNS1 | San Diego County Regional Airport Authority 4% 07/01/2040 | 120,000.00 | 93.39 | 112,067.84 | 0.68% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13048DDG0 | 13048DDG0 | California Municipal Finance Authority 4% 07/01/2055 | 150,000.00 | 75.42 | 113,136.63 | 0.68% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 16876QBG3 | 16876QBG3 | Children's Trust Fund 5.625% 05/15/2043 | 105,000.00 | 101.70 | 106,785.89 | 0.65% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 40064RFX2 | 40064RFX2 | Antonio B Won Pat International Airport Authority 5.25% 10/01/2041 | 100,000.00 | 102.11 | 102,110.02 | 0.62% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 73885QDN6 | 73885QDN6 | Poway Unified School District Public Financing Authority 5% 10/01/2041 | 100,000.00 | 100.06 | 100,057.86 | 0.60% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 7778706Q4 | 7778706Q4 | City of Roseville CA 5% 09/01/2054 | 100,000.00 | 95.24 | 95,241.11 | 0.58% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13080SMK7 | 13080SMK7 | California Statewide Communities Development Authority 5% 12/01/2046 | 100,000.00 | 94.76 | 94,761.76 | 0.57% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13032USL3 | 13032USL3 | California Health Facilities Financing Authority 5% 09/01/2048 | 100,000.00 | 94.11 | 94,108.14 | 0.57% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 798762QK9 | 798762QK9 | San Marcos Unified School District 4.25% 09/01/2048 | 100,000.00 | 86.92 | 86,923.33 | 0.53% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13016NBY9 | 13016NBY9 | California County Tobacco Securitization Agency 6% 06/01/2042 | 85,000.00 | 100.78 | 85,662.67 | 0.52% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13080SEX8 | 13080SEX8 | California Statewide Communities Development Authority 5.5% 12/01/2054 | 70,000.00 | 98.52 | 68,964.20 | 0.42% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13058TCK4 | 13058TCK4 | California School Finance Authority 5% 08/01/2045 | 70,000.00 | 92.48 | 64,737.29 | 0.39% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 120827CQ1 | 120827CQ1 | Burbank-Glendale-Pasadena Airport Authority Brick Campaign 5% 07/01/2042 | 60,000.00 | 99.20 | 59,520.84 | 0.36% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 544532NJ9 | 544532NJ9 | Los Angeles Department of Water & Power 5% 07/01/2052 | 50,000.00 | 99.74 | 49,871.92 | 0.30% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 45385LFG3 | 45385LFG3 | Independent Cities Finance Authority 5% 11/15/2049 | 50,000.00 | 99.99 | 49,996.39 | 0.30% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13048VPX0 | 13048VPX0 | California Municipal Finance Authority 5% 10/01/2049 | 50,000.00 | 88.45 | 44,225.68 | 0.27% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13048TVF7 | 13048TVF7 | California Municipal Finance Authority 5% 11/01/2040 | 45,000.00 | 95.20 | 42,839.38 | 0.26% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13059TFG9 | 13059TFG9 | California School Finance Authority 5% 08/01/2038 | 40,000.00 | 100.91 | 40,363.08 | 0.24% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 053559AZ3 | 053559AZ3 | Avenal Public Financing Authority 5% 09/01/2036 | 40,000.00 | 97.60 | 39,038.68 | 0.24% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 74529JPV1 | 74529JPV1 | Puerto Rico Sales Tax Financing Corp Sales Tax Revenue 4.55% 07/01/2040 | 27,000.00 | 96.18 | 25,968.68 | 0.16% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13080SVL5 | 13080SVL5 | California Statewide Communities Development Authority 5.25% 12/01/2043 | 25,000.00 | 99.46 | 24,864.13 | 0.15% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 55374SAA8 | 55374SAA8 | M-S-R Energy Authority 6.125% 11/01/2029 | 20,000.00 | 105.61 | 21,121.15 | 0.13% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13016NCH5 | 13016NCH5 | California County Tobacco Securitization Agency 0% 06/01/2050 | 100,000.00 | 22.12 | 22,119.05 | 0.13% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | 13048VXC7 | 13048VXC7 | California Municipal Finance Authority 5% 10/01/2031 | 10,000.00 | 106.49 | 10,649.26 | 0.06% | 16,544,710 | 700,000 | 7 |
07/11/2025 | RMCA | Cash&Other | Cash&Other | Cash & Other | -117,439.00 | 1.00 | -117,438.58 | -0.71% | 16,544,710 | 700,000 | 7 |
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:
This Fund is not affiliated with these financial service firms. Their listing should not be viewed as a recommendation or endorsement.