ETF Evaluator:
Rockefeller New York Municipal Bond ETF ()
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(as of Aug 25)
Best Performing in Muni New York Long Over the Last Year
| 7.1% | Rockefeller New York Municipal Bond ETF (RMNY) |
| 7.0% | Invesco New York AMT-Free Muni Bd ETF (PZT) |
| 6.8% | Franklin New York Municipal Income ETF (FTNY) |
| 6.3% | Muni New York Long () |
| 5.9% | First Trust New York High Inc Mncpl ETF (FMNY) |
Risk
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Risk
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ETF Details
Rockefeller New York Municipal Bond ETF Overview
Rockefeller New York Municipal Bond ETF (RMNY) is an actively managed Municipal Bond Muni New York Long exchange-traded fund (ETF). Rockefeller & Co. LLC launched the ETF in 2024.
The investment seeks to provide income exempt from federal and New York state income taxes.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks income exempt from U.S. federal and New York state income tax by investing in New York municipal bonds. Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, assets in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance and under current tax law, exempt from regular federal income tax and New York income tax. The fund is non-diversified.
About Rockefeller New York Municipal Bond ETF (RMNY)
There are 3 members of the management team with an average tenure of 1.97 years: Scott Cottier (2024), Mark DeMitry (2024) and Michael Camarella (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
Rockefeller New York Municipal Bond ETF has 95 securities in its portfolio. The top 10 holdings constitute 27.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Rockefeller New York Municipal Bond ETF is part of the Fixed Income global asset class and is within the Municipal Bond ETF group. Rockefeller New York Municipal Bond ETF has 4.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 105.0% (100.5% domestic bond, 4.6% foreign bond and 0.0% convertible bond). Rockefeller New York Municipal Bond ETF has -0.2% of the portfolio in cash.
Assets Under Management
The fund has $27 million in total assets, which is below the $437 million average for the Muni New York Long category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
RMNY Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Rockefeller New York Municipal Bond ETF expense ratio is average compared to funds in the Muni New York Long category. Rockefeller New York Municipal Bond ETF has an expense ratio of 0.55%, which is 55% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Rockefeller New York Municipal Bond ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 19% for the Muni New York Long category.
Recently, in the month of July 2026, Rockefeller New York Municipal Bond ETF returned -1.6%, which earned it a grade of A, as the Muni New York Long category had an average return of -2.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Rockefeller New York Municipal Bond ETF has a trailing yield of 4.38%, which is above the 3.72% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Rockefeller New York Municipal Bond ETF Grades
Year to date, the ETF has returned 1.7%, 0.9 percentage points better than the category, which translates into a grade of A. The fund has returned 7.1% over the past year (grade of A).
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RMNY Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| RMNY Return (NAV) | -1.6% | 0.0% | 7.1% | na | na | na |
| RMNY Return (Price) | -1.7% | 0.1% | 6.9% | na | na | na |
| NAV +/- Price Return | 0.105% | -0.023% | 0.204% | na | na | na |
| Muni New York Long Avg | -2.0% | -0.5% | 6.3% | 2.8% | 0.1% | 1.7% |
| RMNY Grade (NAV) | A | A | A | na | na | na |
| +/- Category (NAV) | 0.4% | 0.6% | 0.8% | na | na | na |
| RMNY Tax-Cost Ratio | na | na | 0.0% | na | na | na |
RMNY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RMNY Return (NAV) | 1.7% | 2.3% | na | na | na | na | na | na | na | na | na |
| RMNY Return (Price) | 1.7% | 2.3% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.004% | 0.034% | na | na | na | na | na | na | na | na | na |
| Muni New York Long Avg | 0.8% | 2.8% | 1.6% | 7.1% | -10.6% | 2.2% | 4.8% | 7.8% | 0.4% | 5.1% | 0.5% |
| RMNY Grade (NAV) | A | D | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.9% | -0.5% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 4.4% |
| Total Assets: | $ 28 Mil |
| Share Class Assets: | $ 28 Mil |
| Turnover: | na |
| Expense Ratio: | 0.55% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.0 years | |||
| Average Tenure: 2.0 years | |||
| Managers (Year): Cottier Scott (2024), DeMitry Mark (2024), Camarella Michael (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 95 |
| % in Top 10 Holdings: | 27.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 4.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 100.5% |
| Foreign Bond: | 4.6% |
| Convertible Bond: | 0.0% |
| Other: | -4.8% |
| Cash: | -0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Rockefeller & Co. LLC |
| Phone Number: | 844-992-1333 |
| Website: | |
| Inception Date: | August 12, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.55% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.35% |
