Key stats
About Tidal Trust III Rockefeller California Municipal Bond ETF
Home page
Inception date
Aug 13, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
RMCA broadly invests in municipal bonds of any maturity that are exempt from federal and California income tax. The fund may invest up to 25% in bonds rated medium investment grade or lower, including high-yield bonds. The fund may invest in private activity bonds whose interest is a tax-preference item. Shareholders subject to AMT must include distributions from private activity bonds in their calculations. The fund may have exposure of up to 35% from inverse floaters through municipal tender option bond financing transactions. The fund intends to invest heavily in bonds with higher issuance volumes, which may include those from Puerto Rico that are exempt from California income taxes. In addition, the fund may invest in dirt bonds like tobacco settlement bonds. A portion of assets may be invested in securities that pay taxable interest. The actively managed fund may consider relative value, market supply/demand, market dislocations, and siuation-specific opportunities.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal105.47%
Cash−5.47%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RMCA last dividends amounted to 0.10 USD. The month before, the issuer paid 0.08 USD in dividends, which shows a 21.11% increase.
RMCA assets under management is 18.81 M USD. It's risen 14.38% over the last month.
RMCA fund flows account for 17.36 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, RMCA pays dividends to its holders with the dividend yield of 4.24%. The last dividend (Jul 31, 2025) amounted to 0.10 USD. The dividends are paid monthly.
RMCA shares are issued by Toroso Investments Topco LLC under the brand Rockefeller Capital Management. The ETF was launched on Aug 13, 2024, and its management style is Active.
RMCA expense ratio is 0.55% meaning you'd have to pay 0.55% of your investment to help manage the fund.
RMCA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RMCA invests in bonds.
RMCA price has risen by 0.34% over the last month, and its yearly performance shows a −6.35% decrease. See more dynamics on RMCA price chart.
NAV returns, another gauge of an ETF dynamics, showed a −1.13% decrease in three-month performance and has decreased by −2.56% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −1.13% decrease in three-month performance and has decreased by −2.56% in a year.
RMCA trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.