Rockefeller California Municipal Bond ETF
$23.11−0.18 (−0.79%)
- Expense ratio
- 0.55%
- Fund size
- $20M
- 1Y return
- +0.2%
- Yield · Last 12 months
- 4.57%
- Volume · 30D
- 0M sh
- NAV per share
- $23.28
- 52W range
The ETF.net RMCA Grade
Score 40 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 7Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 90Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 62Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 14Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 33Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 14Category rank
Our read on RMCA
DMost 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.
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
- Single-state by design: California municipal bonds, targeting income exempt from both federal and California state income tax.finance.yahoo.com
- Actively managed, not an index clone: at least 80% of net assets go into bonds whose interest is exempt from federal and California state tax.finance.yahoo.com
- Income arrives monthly rather than quarterly.
- What it holds matches what it advertises: the portfolio stays inside the California muni brief in its prospectus.
Worth knowing
- 0.55% a year against a 0.30% median for muni bond ETFs, and national index funds like VTEB and MUB charge a few basis points.
- A small fund that trades lightly, so bid-ask spreads can run wider than at the category's giants.
- Non-diversified and tied to one state, so California budget and credit news moves it more than a 50-state portfolio would.finance.yahoo.com
RMCA Holdings
- Bonds
- —
- 23%
- California Municipal Finance Authority 5.5% 07/01/2060
RMCA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | −0.9% |
| 1 month | −2.4% |
| 3 months | −3.7% |
| 1 year | +0.2% |
| 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 | −0.9% | |
| 2025 | +2.3% | |
| 2024 | −0.1% |
RMCA in the news
ETF.net Research hasn’t filed on RMCA yet — coverage lands here as it’s written.
RMCA Dividends
- 4.57%
- $1.07
- $0.08 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 28, 2026 | Aug 31, 2026 | $0.08 |
| Jul 30, 2026 | Jul 31, 2026 | $0.10 |
| Jun 29, 2026 | Jun 30, 2026 | $0.08 |
| May 28, 2026 | May 29, 2026 | $0.08 |
| Apr 29, 2026 | Apr 30, 2026 | $0.09 |
| Mar 30, 2026 | Mar 31, 2026 | $0.09 |
| Feb 26, 2026 | Feb 27, 2026 | $0.08 |
| Jan 29, 2026 | Jan 30, 2026 | $0.08 |
| Dec 30, 2025 | Dec 31, 2025 | $0.11 |
| Nov 26, 2025 | Nov 28, 2025 | $0.08 |
| Oct 30, 2025 | Oct 31, 2025 | $0.11 |
| Sep 29, 2025 | Sep 30, 2025 | $0.09 |
RMCA Risk
- 4.9%
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.
- −0.50
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.
- −6.0%
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.
RMCA Cost
- The middle half of Other Municipal Bond funds
- Median 0.30%
56 of the 62 Other Municipal Bond funds charge less.