Rockefeller Opportunistic Municipal Bond ETF
RMOP
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 45 Rockefeller Plaza, 5th Floor New York NY United States of America 10111
- IPO Date
- Aug 13, 2024
- Website
- rockefelleretfs.com
- Similar Companies
- Business
- Rockefeller Opportunistic Municipal Bond ETF (RMOP) is an actively managed exchange-traded fund that seeks current income exempt from federal income tax and long-term capital appreciation through investments in a diversified portfolio of U.S. municipal bonds. The fund employs a value-oriented, credit-intensive process leveraging bottom-up fundamental credit analysis to capitalize on municipal market inefficiencies and deliver yield-driven total returns across market cycles; it typically allocates at least 50% of assets to investment-grade bonds rated BBB+ or lower, alongside high-yield and high-grade municipal securities across broad maturities, including top holdings such as Worthington City School District 5.5% due 2054, Travis County Healthcare District 5.25% due 2055, and various tender option bond trust receipts. With an expense ratio of 0.55%, RMOP trades on the NYSE Arca exchange under ticker RMOP (CUSIP 45259A878) and, as of late 2025, manages net assets exceeding $235 million with approximately 224 holdings spanning sectors like education, healthcare, housing, transportation, and tobacco securitizations. RMOP forms part of Rockefeller Asset Management's suite of municipal bond ETFs, which also includes the Rockefeller California Municipal Bond ETF (RMCA) and Rockefeller New York Municipal Bond ETF (RMNY); all three were launched on August 12, 2024, as part of a strategic expansion into actively managed fixed-income products targeting tax-exempt income for individual and institutional investors. Rockefeller Asset Management, the fund sponsor and a division of Rockefeller Capital Management L.P., traces its heritage to the 1882 family office of John D. Rockefeller and operates from headquarters at Rockefeller Plaza in New York City, with a geographic focus on U.S. municipal issuers nationwide. The ETF is issued through Tidal Trust III, with portfolio management led by Scott Cottier, Mark DeMitry, and Michael Camarella. In September 2025, RMOP marked its one-year anniversary with reported outperformance versus its benchmark (60% Bloomberg High Yield Municipal Index / 40% Bloomberg Municipal Bond Index), delivering a 0.93% return since inception through August 31, 2025, amid challenging market conditions, alongside asset growth to approximately $195 million at that time. The fund has maintained monthly distributions, with recent payouts including $0.10 per share in December 2024 and January 2025, reflecting yields around 5.51% (30-day SEC yield as of October 31, 2025). No major acquisitions, partnerships, funding rounds, or reorganizations specific to RMOP have been reported in the last 1-2 years beyond its initial launch and ongoing portfolio adjustments.