RCNYX — Rockefeller Intermediate Tax Exempt New York Bond Fund
Data updated: 2022-06-27
RCNYX — Rockefeller Intermediate Tax Exempt New York Bond Fund. Intermediate Municipal - National Bond. Holdings, fees, performance and SEC filings.
RCNYX Fund Overview
RCNYX — Rockefeller Intermediate Tax Exempt New York Bond Fund is a US mutual fund managed by Trust For Professional Managers, categorised as Intermediate Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Trust For Professional Managers
- Category: Intermediate Municipal - National Bond
- Assets under management: $33.58M
- 1-year return: -7.2%
- Ticker: RCNYX
- SEC CIK: 0001141819
- SEC series ID: S000043630
- Share class ID: C000135264
RCNYX Investment Objective and Strategy
Rockefeller Intermediate Tax Exempt New York Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Trust For Professional Managers.
Investment objective
The Rockefeller Intermediate Tax Exempt New York Bond Fund (the Tax Exempt New York Bond Fund or the Fund) seeks to generate current income that is exempt from federal, New York State and New York City personal income tax consistent with the preservation of capital.
Principal investment strategy
The Fund seeks to achieve its investment objective by investing under normal market conditions at least 80% of its net assets (plus any borrowings for investment purposes) in municipal bonds and other fixed-income securities that generate income exempt from regular federal, New York State and New York City personal income tax, including the federal alternative minimum tax (AMT). The Fund may invest in all types of municipal bonds, including, but not limited to, general obligation bonds, industrial development bonds, and other obligations issued by the State of New York, its subdivisions, authorities, instrumentalities and corporations. The Fund may also invest in asset-backed and mortgage-backed securities, other investment companies, exchange-traded funds (ETFs) and obligations of other issuers that pay interest that is exempt from regular federal and New York State and New York City personal income tax.
While the Fund will invest primarily in tax exempt securities, it is possible that up to 20% of the Funds total assets may be invested in fixed-income securities that generate income that is not exempt from regular federal income tax, New York State and New York City personal income tax, including the federal AMT. The Fund invests primarily in investment grade fixed-income securities rated in the top four ratings categories by independent rating organizations such as Standard & Poors Ratings Group (S&P) and Moodys Investors Service, Inc. (Moodys) or another nationally recognized statistical rating organization (NRSRO), or deemed by the Adviser to be of comparable quality. While the Fund may invest in securities of any duration, the Adviser anticipates the weighted average duration of the Funds portfolio will be more than three years but less than ten years.
The Fund is non-diversified. The Funds investment philosophy is based on a combination of forecasted macro-economic conditions over a six- to twelve-month horizon and is complemented by bottom-up fundamental research. To select investments for the Fund, the Adviser applies the macro-economic analysis by considering securities of any duration which appear to offer the best relative value. The Advisers bottom-up research process seeks to identify and avoid issuers which could have significant negative changes in credit quality. In addition to traditional macro-economic and credit analysis, the Adviser may also consider market sentiment and behavioral factors when assessing a securitys relative value and worthiness within a portfolio seeking principal protection and income. The Fund may also invest in fixed-income securities rated below investment grade by an independent rating agency when purchased, including high-yield fixed-income securities, and in unrated or split rated securities deemed by the Adviser to be of comparable quality.
Such securities are also known as junk bonds. The Fund may invest in securities that are illiquid, thinly traded or subject to special resale restrictions, such as those imposed by Rule 144A promulgated under the Securities Act of 1933, as amended (the Securities Act). The Funds investments may also include securities that do not produce immediate cash income, such as zero-coupon bonds. The Fund may also purchase and sell securities on a when-issued basis, which involves a commitment by the Fund to purchase or sell securities at a predetermined price or yield, but where payment for the securities is not required until the delivery date.
RCNYX Performance
Total returns for RCNYX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -7.2% |
| 3 years (annualised) | -2.6% |
RCNYX Risk Information
Risk metrics for RCNYX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.0%
RCNYX Costs and Fees
RCNYX costs about $78 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.78%
- Gross expense ratio: 0.78%
- Portfolio turnover: 23%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
RCNYX Cashflows
Over the 12 months to 2022-05, Rockefeller Intermediate Tax Exempt New York Bond Fund had net inflows of $13.65M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-05 | $2.72M |
| 2022-04 | $429.34K |
| 2022-03 | $313.94K |
| 2022-02 | $35.00K |
| 2022-01 | $474.00K |
| 2021-12 | $481.60K |
RCNYX Debt Constituents
No individual debt constituents are reported in Rockefeller Intermediate Tax Exempt New York Bond Fund's latest SEC N-PORT filing.
RCNYX Prospectus and SEC Filings
Official Rockefeller Intermediate Tax Exempt New York Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-03-24
- Prospectus (485BPOS) — filed 2021-03-26
- Prospectus (485BPOS) — filed 2020-04-08
- Portfolio holdings (N-PORT) — filed 2022-06-27
- Portfolio holdings (N-PORT) — filed 2022-04-12
- Portfolio holdings (N-PORT) — filed 2021-12-20
- Annual census (N-CEN) — filed 2022-02-11
- Annual census (N-CEN) — filed 2021-02-11
Related Funds
Other Intermediate Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.