RJ Eagle Municipal Income ETF (RJMI) is an actively managed exchange-traded fund that seeks to provide current income and total return by investing primarily in municipal securities exempt from federal income tax. The fund offers exposure to a diversified portfolio of investment-grade municipal bonds, including general obligation bonds, revenue bonds, and pre-refunded securities; it employs a relative value approach to capture value across the municipal yield curve while managing duration and credit risk. RJMI targets tax-sensitive investors such as high-net-worth individuals and financial advisors, with a focus on intermediate-term maturities typically ranging from 5 to 15 years.
The ETF operates within the broader fixed-income segment of the municipal bond market, emphasizing high-quality issuers across sectors like education, healthcare, transportation, and utilities. Geographically, its holdings span municipal issuers throughout the United States, including states such as California, New York, Texas, and Florida. Launched in 2023 and domiciled in the United States, RJMI is issued and managed by R.J. Eagle Asset Management, LLC, a boutique investment firm specializing in tax-efficient fixed-income strategies.
Recent developments include the expansion of RJMI's portfolio in 2025 to incorporate a modest allocation to high-yield municipal bonds for enhanced income potential amid shifting interest rate environments; the fund also announced a strategic partnership with a leading municipal bond analytics provider in mid-2025 to improve real-time credit monitoring and risk assessment capabilities. These changes reflect RJMI's adaptive approach to navigating market volatility following Federal Reserve rate adjustments. No significant acquisitions, funding rounds, or name changes have been reported in the past two years.