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Rockefeller New York Municipal Bond (RMNY) ETF Holdings & Analysis
ETFOther
What RMNY does
The Rockefeller New York Municipal Bond ETF (RMNY) primarily allocates its capital across a broad spectrum of municipal bonds, irrespective of their duration, aiming to deliver income that is generally free from both federal and New York State income taxes. The fund maintains the flexibility to commit up to a quarter of its portfolio to debt instruments graded as medium investment quality or lower, encompassing higher-yielding, speculative-grade bonds. It may also invest in private activity bonds, where the interest income qualifies as a tax-preference item, requiring shareholders subject to the Alternative Minimum Tax (AMT) to account for these distributions in their computations. Furthermore, RMNY's exposure to inverse floaters, typically stemming from municipal tender option bond financing arrangements, could reach as much as 35%. The fund intends to concentrate a significant portion of its investments in bonds characterized by higher issuance volumes, which may include municipal debt from Puerto Rico that is exempt from New York income taxes. Additionally, it has the option to invest in certain specialized municipal bonds, such as tobacco settlement bonds, occasionally known as "dirt bonds." While its primary focus is on tax-exempt income, a portion of the fund's holdings might generate taxable interest. Operated under active management, the fund's investment strategy considers elements like relative value, prevailing market supply and demand, identified market inefficiencies, and specific, opportunistic situations.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| Long Island Power Authority 5.25% 09/01/2056 | 3.48% | |
| Triborough Bridge & Tunnel Authority 5.25% 05/15/2054 | 2.88% | |
| Suffolk Regional Off-Track Betting Corp 6% 12/01/2053 | 2.57% | |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.25% 05/15/2064 | 2.56% | |
| Ontario County Local Development Corp 6.5% 12/01/2045 | 2.56% | |
| New York City Municipal Water Finance Authority 5% 06/15/2055 | 2.56% | |
| New York State Dormitory Authority 5% 10/01/2055 | 2.56% | |
| New York Transportation Development Corp 5.5% 12/31/2060 | 2.54% | |
| Town of Islip NY 5.875% 07/01/2056 | 2.51% | |
| Metropolitan Transportation Authority Dedicated Tax Fund 5% 11/15/2051 | 2.39% |
Geographic allocation
| Other | 100.00% |
PortView Portfolio Insights
PortView analyzes how RMNY fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does RMNY track?
- RMNY is the Rockefeller New York Municipal Bond ETF, a Other ETF.
- What is the expense ratio of RMNY?
- Expense ratio data for RMNY is shown on the page when available from our data provider.
- What are the largest holdings in RMNY?
- Top holdings include Long Island Power Authority 5.25% 09/01/2056, Triborough Bridge & Tunnel Authority 5.25% 05/15/2054, Suffolk Regional Off-Track Betting Corp 6% 12/01/2053, Triborough Bridge & Tunnel Authority Sales Tax Revenue 5.25% 05/15/2064, Ontario County Local Development Corp 6.5% 12/01/2045.
- How can PortView analyze RMNY overlap with other ETFs?
- PortView computes the holdings overlap between RMNY and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.