NEW YORK–(BUSINESS WIRE)–Rockefeller Asset Management (“Rockefeller”), the asset management division of Rockefeller Capital Management, celebrates the one-year anniversary of its municipal bond ETFs: Rockefeller Opportunistic Municipal Bond ETF (RMOP), Rockefeller California Municipal Bond ETF (RMCA), and Rockefeller New York Municipal Bond ETF (RMNY).
Rockefeller’s actively managed municipal ETFs seek to provide exposure across high-yield and high-grade segments on the municipal bond market in an effort to deliver risk-adjusted returns compared to its respective benchmarks.
RMOP outperformed its benchmark1 by 151 basis points, as of August 31, 2025*, returning 0.93% since inception on August 12, 2024. The benchmark, composed of 60% Bloomberg High Yield Municipal Index and 40% Municipal Bond Index, has returned –0.58% since August 12, 2024.
RMOP currently has $195 million in assets under management as of August 31, 2025.
“The municipal market has faced a range of headwinds this year,” said Alex Petrone, Head of Fixed Income at Rockefeller Asset Management. “Rockefeller’s commitment to active management and emphasis on bottom-up, fundamental analysis to uncover relative value have been key drivers of outperformance for municipal ETFs in the current environment.”
The ETFs are managed by veteran portfolio managers Scott Cottier, CFA, Mark DeMitry, CFA, and Michael Camarella, CFA, who joined Rockefeller from Invesco in June 2025, where they managed over $25 billion in assets.
“We’ve seen our strategies resonate with long-term investors seeking high tax-efficient income and a differentiated approach to municipal exposure that may lend to delivering alpha 2,” said Cottier. “Our team’s disciplined approach to credit selection and active management help us to navigate evolving market conditions while capitalizing on municipal market inefficiencies. One year in, we’re proud of the results and energized by the opportunities ahead.”
As Rockefeller continues to expand its municipal capabilities, including the December 2024 launch of the Rockefeller Municipal Opportunities Interval Fund (RKMIX), the firm remains committed to delivering innovative solutions that meet the evolving needs of long-term investors.
*RMOP Performance as of 8/31/2025
|
|
Inception Date |
MTD |
QTD |
YTD |
1YR |
ITD |
|
Rockefeller Opportunistic Municipal Bond ETF (RMOP) Market Price 3 |
8/12/24 |
0.62% |
-0.70% |
-1.77% |
-0.29% |
0.93% |
|
Rockefeller Opportunistic Municipal Bond ETF (RMOP) NAV 4 |
|
0.59% |
-0.62% |
-1.82% |
-0.49% |
0.93% |
|
Blended 60% Bloomberg High Yield Total Return Municipal Index / 40% Bloomberg Municipal Bond Index |
|
0.67% |
-0.32% |
-0.66% |
-0.87% |
-0.58% |
Inception Date 8/12/2024
Data as of 8/31/2025
Expense Ratio: 0.55%
Source: IG Municipal = Bloomberg U.S. Municipal Bond Index; HY Muni=Bloomberg Municipal Bond High Yield Total Return Unhedged Index; US Aggregate=Bloomberg US Aggregate Bond Index; US High Yield Corporate Bond Index=Bloomberg US Corporate High Yield Bond Index. Performance of the above indexes should not be viewed as a proxy for any Rockefeller Opportunistic Municipal Bond Strategy.
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 and standardized performance can be obtained by calling (844) 992-1333.
About Rockefeller Asset Management
Rockefeller Asset Management serves institutions, financial professionals, and other institutionally minded investors through equity, fixed income, and alternative solutions that seek outperformance driven by a disciplined investment process. Rockefeller Asset Management is committed to continually building partnerships and expanding its platform that seeks to put clients and their performance first. As of June 30, 2025, the division had $17.3 billion of assets under supervision.
Disclosures:
1 Benchmark is a blend of 60% Bloomberg High Yield Municipal Index and 40% Municipal Bond Index. The Bloomberg Municipal Bond High Yield Total Return Unhedged Index is designed to track the total return performance of the high-yield segment of the U.S. municipal bond market. The Bloomberg U.S. Municipal Bond Index covers the USD-denominated long-term tax-exempt bond market. The index has four main sectors: state and local general obligation bonds, revenue bonds, insured bonds and prerefunded bonds.
2 Alpha is a measure of the active return on an investment; the performance of that investment compared with a suitable market index.
3 The market price is the most recent price at which the fund was traded.
4 A fund’s Net Asset Value (NAV) is the sum of all its assets less any liabilities, divided by the number of shares outstanding.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (888) 123-4589 or visit our website at www.rockefelleretfs.com. Read the prospectus or summary prospectus carefully before investing.
Investing involves risk, including risk of loss. Past performance is no guarantee of future results.
Municipal Securities Risk. Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions, credit rating downgrades, or the bankruptcy of the issuer could have a significant effect on an issuer’s ability to make payments of principal and/or interest or otherwise affect the value of such securities.
Interest Rate Risk. Generally, the value of fixed income securities will change inversely with changes in interest rates. As interest rates rise, the market value of fixed income securities tends to decrease.
High Yield Securities Risk. High-yield municipal bonds are considered speculative investments and are issued by entities that may be undergoing restructuring, are smaller or less creditworthy, or are more heavily indebted than other issuers.
Call Risk. The Fund may invest in callable bonds. If interest rates fall, it is possible that issuers of callable securities will “call” (or prepay) their bonds before their maturity date.
Fixed Income Risk. The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to changes in an issuer’s credit rating or market perceptions about the creditworthiness of an issuer.
High Portfolio Turnover Risk. The Fund may actively and frequently trade a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.
Leveraging Risk. The Fund is subject to the risk that certain transactions of the Fund (e.g., Inverse Floaters), may give rise to leverage, magnifying gains and losses and causing the Fund to be more volatile than if it had not been leveraged. This means that leverage entails a heightened risk of loss.
Liquidity Risk. The Fund is subject to the risk that a particular investment may be difficult to purchase or sell and that the Fund may be unable to sell illiquid investments at an advantageous time or price or achieve its desired level of exposure to a certain sector.
New Fund Risk. The Fund is a recently organized management investment company with limited operating history. As a result, prospective investors have a limited track record or history on which to base their investment decisions.
Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.
This information was prepared by Rockefeller Asset Management, a division of Rockefeller & Co. LLC, which is wholly owned by Rockefeller Capital Management, solely for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy interests in any Rockefeller Capital Management investment vehicle, product or service. This information may not be copied, reproduced or distributed without Rockefeller’s prior written consent and is not valid without a consultation with a representative of Rockefeller.
Rockefeller Capital Management is the marketing name of Rockefeller Capital Management L.P. and its affiliates. Investment advisory, asset management and fiduciary activities are performed by the following affiliates of Rockefeller Capital Management: Rockefeller & Co. LLC, Rockefeller Trust Company, N.A., The Rockefeller Trust Company (Delaware) and Rockefeller Financial LLC, as the case may be.
Rockefeller ETFs are distributed by Foreside Fund Services, LLC (“Foreside”). Foreside and Rockefeller Capital Management are not affiliated.
©2025 Rockefeller Capital Management. All rights reserved. Does not apply to sourced material. Products and services may be provided by various affiliates of Rockefeller Capital Management.
Contacts
Anna Ferko
[email protected]
