Rockefeller Opportunistic Municipal Bond ETF
$24.00−0.23 (−0.93%)
- Expense ratio
- 0.80%
- Fund size
- $470M
- 1Y return
- +2.0%
- Yield · Last 12 months
- 5.37%
- Volume · 30D
- 0.1M sh
- NAV per share
- $24.25
- 52W range
The ETF.net RMOP Grade
Score 52 of 100 sits in the C 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 5Category 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.AScore 74Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 65Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 54Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 48Category rank
Our read on RMOP
CA boutique wealth manager's swing at munis: the mandate chases federally tax-free income and long-term price appreciation, not just coupons. You pay 0.55% a year for that discretion in a category where the index giants charge three basis points.
The Fund seeks current income exempt from federal income tax and long-term capital appreciation.
Why people hold it
- Two-sided mandate. It seeks income exempt from federal income tax plus long-term capital appreciation, so the manager can hunt price gains, not just clip coupons.
- Income lands monthly rather than quarterly, a cadence that lines up with how most household budgets actually run.
- Plain 1940 Act fund wrapper. A 1099 at tax time, no K-1, no partnership paperwork bolted onto a bond position.
Worth knowing
- Cost is the trade-off: 0.55% a year against a 0.30% muni-cohort median, while index heavyweights VTEB and SCMB run at 0.03%. Discretion carries a price tag.
- It opened in 2024, so the record is short. The opportunistic approach hasn't yet been tested across a full stretch of muni market weather.
- Smaller and only moderately traded next to the category's index behemoths, so bid-ask spreads are worth a look at the point of trade.
RMOP Holdings
- Bonds
- —
- 21%
- Medical University Hospital Authority 5.25% 11/15/2054
RMOP 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 | RMOP |
|---|---|
| Year to date | +0.2% |
| 1 month | −2.8% |
| 3 months | −3.7% |
| 1 year | +2.0% |
| 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 | RMOP |
|---|---|---|
| 2026 YTD | +0.2% | |
| 2025 | +3.9% | |
| 2024 | +2.6% |
RMOP in the news
ETF.net Research hasn’t filed on RMOP yet — coverage lands here as it’s written.
RMOP Dividends
- 5.37%
- $1.30
- $0.10 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 28, 2026 | Aug 31, 2026 | $0.10 |
| Jul 30, 2026 | Jul 31, 2026 | $0.12 |
| Jun 29, 2026 | Jun 30, 2026 | $0.10 |
| May 28, 2026 | May 29, 2026 | $0.10 |
| Apr 29, 2026 | Apr 30, 2026 | $0.11 |
| Mar 30, 2026 | Mar 31, 2026 | $0.12 |
| Feb 26, 2026 | Feb 27, 2026 | $0.10 |
| Jan 29, 2026 | Jan 30, 2026 | $0.10 |
| Dec 30, 2025 | Dec 31, 2025 | $0.12 |
| Nov 26, 2025 | Nov 28, 2025 | $0.09 |
| Oct 30, 2025 | Oct 31, 2025 | $0.13 |
| Sep 29, 2025 | Sep 30, 2025 | $0.10 |
RMOP Risk
- 5.5%
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.
- −0.01
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.
- −6.7%
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.
- 0.21
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RMOP Cost
- The middle half of Other Municipal Bond funds
- Median 0.30%
58 of the 62 Other Municipal Bond funds charge less.