RMCA Fees and Costs — Rockefeller California Municipal Bond ETF
Data updated: 2026-10-13
The net expense ratio is 0.55%. There are no sales loads or redemption fees. Portfolio turnover was 234%.
RMCA Fees and Expenses
Annual operating expenses and sales charges of RMCA. Prospectus, as of February 12, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
RMCA Costs Over Time
On $10,000 invested in RMCA, assuming 5% a year before costs, total costs come to $347 over 5 years, cutting the return by 0.58% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.55%) | $58 | $181 | $315 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $190 | $347 |
| Value after costs | $10,442 | $11,386 | $12,416 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
RMCA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $48.4M
- Portfolio turnover (prospectus): 234%
RMCA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $14.2M | 36.38% |
| TD FINANCIAL PRODUCTS LLC | $6.3M | 16.17% |
| MORGAN STANLEY & CO. LLC | $4.3M | 11.03% |
| GOLDMAN SACHS & CO. LLC | $3.3M | 8.51% |
| TRADEWEB LLC | $2.4M | 6.07% |
| TMC BONDS L.L.C. | $2.3M | 5.84% |
| HILLTOP SECURITIES INC. | $2.1M | 5.27% |
| STIFEL NICOLAUS & COMPANY INCORPORATED | $1.5M | 3.86% |
| WELLS FARGO SECURITIES LLC | $1.4M | 3.46% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $1.3M | 3.42% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.