RMCA ETF — Rockefeller California Municipal Bond ETF

Rockefeller California Municipal Bond ETF (RMCA)

Updated October 16, 2026.

RMCA is an ETF. its distribution rate is 4.42%, its trailing-12-month yield is 4.62%, its expense ratio is 0.55%. Dividend Vision Distribution Safety Score™ is 91/100 (Safe). Total return is 0.3% over the past 2.2 years, 44.2 points behind SPY at 44.5%.

Rockefeller California Municipal Bond ETF is an actively managed fund that seeks income exempt from U.S. federal and California state income taxes by investing at least 80% of its assets in California municipal bonds. The fund currently distributes monthly at a high rate and carries an expense ratio of 0.55%. It appeals to higher-income investors in California seeking tax-advantaged fixed-income returns, particularly those in elevated tax brackets.

RMCA performance versus SPY

Price and return data through 2026-10-16.

Total return is 0.3% over the past 2.2 years, 44.2 points behind SPY at 44.5%. Over the past year its total return — price change plus distributions reinvested — is -2.0%. Its deepest 1-year drawdown was 7.7%.

RMCA key facts

Distribution Safety Score™

91 · Safe

Safety-Adjusted Yield

4.02%

Issuer

Rockefeller Global Investment Management

Asset type

ETF

Asset class

Fixed Income

Inception date

08/12/2024

Expense ratio

0.55%

Distribution rate

4.42%

Distribution frequency

Monthly

Trailing yield

4.62%

Last close

$22.98 (as of 2026-10-16)

AUM

$19,254,053

Average volume

532.0

Dividend

$0.08471

Ex-dividend date

09/29/2026

Payment date

09/30/2026

How Dividend Vision calculates yield and returns

Distribution rate (4.42%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (4.62%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Rockefeller Global Investment Management; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

RMCA risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 7.7%.

Who may consider RMCA — and who may not

RMCA may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on RMCA

• All tickers starting with R

Tagged: Fixed Income.

Frequently asked questions

More securities from Rockefeller Global Investment Management.