Rockefeller Climate Solutions Fund Institutional Class (RKCIX)

Overview

The fund described is designed specifically for investors looking to benefit from municipal bonds and other fixed-income securities that are not only tailored to be exempt from regular federal income taxes but also exempt from New York State and New York City personal income taxes. This includes exemption from the federal Alternative Minimum Tax (AMT). By focusing at least 80% of its net assets, plus any borrowings for investment purposes, into these types of securities, the fund aims to provide tax-efficient income to its investors. Notably, the fund adopts a non-diversified investment approach, meaning it may concentrate its investments in a smaller number of issuers or sectors, which can lead to increased volatility and risk.

Products and Services

The fund offers a specialized investment product designed to cater to the needs of investors seeking tax-advantaged income. Below is an outline of the primary investment focus:

• Municipal Bonds: The fund invests in municipal bonds that are exempt from regular federal, New York State, and New York City personal income taxes. These bonds are issued by local governments or entities to finance public projects, such as schools, highways, and hospitals, providing a tax-advantaged income stream to investors.
• Fixed-Income Securities: Apart from municipal bonds, the fund also invests in other types of fixed-income securities that offer income exempt from regular federal, New York State, and New York City personal income taxes. These securities can include, but are not limited to, government bonds, corporate bonds, and mortgage-backed securities, selected for their tax-exempt status.
• Non-Diversified Fund Structure: The fund's non-diversified status allows it to invest a larger portion of its assets in fewer issuers. This approach can lead to higher risk and volatility compared to diversified funds; however, it also offers the potential for higher returns due to the concentrated investment strategy.