Rockefeller New York Municipal Bond ETF (RMNY)
ARCA ARCA Primary Summary
RMNY Chart
Rockefeller New York Municipal Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 20,654 | $502,800.98 | $507,881.86 | $5,080.88 | 1.01% |
Rockefeller New York Municipal Bond ETF (RMNY) FAQ
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Rockefeller New York Municipal Bond ETF Profile
| ARCA Exchange | US Country |
Overview
The fund represents an actively managed exchange-traded fund (ETF) dedicated to generating income that is exempt from both U.S. federal and New York state income taxes. Its investment strategy focuses on municipal bonds within New York, catering to investors seeking tax-exempt income. The fund operates with an investment threshold, committing at least 80% of its net assets and borrowings towards debt securities that are exempt from regular federal and New York income taxes, as confirmed by the bond counsel at the time of issuance based on current tax laws. It distinguishes itself by its non-diversified status, concentrating its investments in a potentially narrower range of securities compared to diversified funds.
Products and Services
- New York Municipal Bonds Investment
This product involves a focused investment in municipal bonds issued within New York state. These bonds are selected on the basis that their interest is exempt from U.S. federal and New York state income tax, according to the legal opinion of the issuing bond counsel under current tax law. The fund’s strategy aims to provide tax-exempt income, meeting the needs of investors looking for tax-effective investment opportunities within New York.
