Rockefeller New York Municipal Bond ETF (RMNY)

The Rockefeller New York Municipal Bond ETF (RMNY) is an actively managed ETF from Rockefeller Asset Management that seeks income exempt from federal, New York State and New York City personal income taxes.

It holds municipal securities issued by New York State, New York City and other local governments and authorities in the state, as well as other issuers whose interest qualifies for the same exemptions. The bonds finance projects such as transit, housing, education and public utilities.

The managers rely on fundamental credit research and duration management to build the portfolio, emphasizing investment-grade bonds. Because the bonds can be exempt at the federal, state and city levels, the fund is aimed mainly at investors who pay taxes in New York.