Rockefeller California Municipal Bond ETF
$23.42−0.23 (−0.99%)
- 0.55%
- $19M
- +1.4%
- 4.38%
- 5.95K sh
- low $22.35high $24.61
The ETF.net RMCA Grade
C
Score 40 out of 100
- 55 of 63
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F7 out of 100Rank 58 of 63Mission
Whether the fund did what it promised, tested against its stated mandate.A97 out of 100Rank 14 of 59Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D32 out of 100Rank 55 of 63Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 41 of 63Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D29 out of 100Rank 59 of 63Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F14 out of 100Rank 61 of 63
Our read on RMCA
In short
CMost muni ETFs buy the whole country. RMCA buys California, actively, going after income exempt from both federal and California state tax. A boutique single-state take from the Rockefeller name, launched in 2024.
Stated mandate
The Fund seeks tax-exempt income at both the U.S. federal and California state levels through investments in California municipal bonds.
Why people hold it
Worth knowing
RMCA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
RMCA$10,143
Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | RMCA |
|---|---|
| Year to date | +1.5% |
| 1 month | +5.3% |
| 3 months | −0.8% |
| 1 year | +1.4% |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | RMCA |
|---|---|---|
| 2026 YTD | +1.5% | |
| 2025 | +2.3% | |
| 2024 | −0.1% |
RMCA in the news
RMCA Dividends
- 4.38%
- $1.04
- $0.09 per share
- Monthly
RMCA Risk
- 6.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.49
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −7.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.17
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
RMCA Cost
Overpaying vs VTEB, tied cheapest in Other Municipal Bond
$10,266
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
RMCA 0.55%
$10,904
VTEB 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | RMCA | VTEB | Overpaying |
|---|---|---|---|
| 10 | $988 | $55 | $933 |
| 20 | $3,790 | $216 | $3,574 |
| 30 | $10,904 | $638 | $10,266 |
Other funds in Other Municipal Bond
- CFECMFirst Eagle Core Municipal ETFExpense ratio 0.25%1 year return
- CLTAXNomura Tax-Free USA ETFExpense ratio 0.39%1 year return
- CRMNYRockefeller New York Municipal Bond ETFExpense ratio 0.55%1 year return +1.3%
- DMBNDState Street Nuveen Municipal Bond ETFExpense ratio 0.40%1 year return +0.6%
- DJCALJPMorgan California Tax Free Bond ETFExpense ratio 0.44%1 year return
