Rockefeller California Municipal Bond ETF (RMCA)
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ETF 360: Rockefeller Capital Management Enters the Muni Space
In the latest episode of ETF 360, Kirsten Chang was joined by Rockefeller Capital Management's Director of Fixed Income Alex Petrone.
Rockefeller Unveils Trio of Muni Bond ETFs
On Tuesday, Rockefeller Asset Management launched a suite of new bond ETFs. They are the Rockefeller Opportunistic Municipal Bond ETF (RMOP), the Rockefeller California Municipal Bond ETF (RMCA), and the Rockefeller New York Municipal Bond ETF (RMNY).
Rockefeller California Municipal Bond ETF (RMCA) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Rockefeller California Municipal Bond ETF ever had a stock split?
Rockefeller California Municipal Bond ETF Profile
| ARCA Exchange | US Country |
Overview
The fund is an actively managed exchange-traded fund (ETF) that primarily focuses on delivering income exempt from both U.S. federal and California state income tax. By strategically investing in California municipal bonds, the fund offers an attractive investment option for those seeking tax-advantaged income. Considering its investment strategy, the fund predominantly allocates at least 80% of its net assets, along with any borrowings for investment purposes, towards debt securities. These securities are carefully selected based on their tax-exempt status, as determined by the bond counsel for the issuer at the time of issuance and in accordance with current tax laws. This specificity ensures the fund's alignment with its objective of providing tax-exempt income. Furthermore, it is important to note that the fund is non-diversified, meaning it may invest a more significant portion of its assets in fewer issuers than a diversified fund.
Products and Services
- California Municipal Bonds Investment
The fund specializes in investing in California municipal bonds. These are debt securities issued by the state of California, its municipalities, counties, or other local government entities. The appeal of these bonds lies in their tax-exempt status, which allows investors to receive income free from both federal and California state taxes. This characteristic makes California municipal bonds a cornerstone product for the fund, catering to investors seeking to maximize their after-tax returns.
- Tax-Exempt Income Generation
A defining service of the fund is its focus on generating income that is exempt from regular U.S. federal income tax and California state income tax. This is achieved through meticulous selection of debt securities, based on the assurance of bond counsel at the time of issuance that the interest earned will be exempt under current tax laws. This strategic approach to income generation is particularly beneficial for residents of California and taxpayers in high tax brackets, offering a venue to earn tax-advantaged income.
