RMOP Fees and Costs — Rockefeller Opportunistic Municipal Bond ETF
Data updated: 2026-10-13
The net expense ratio is 0.80%: a 0.55% management fee plus 0.25% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 238%.
RMOP Fees and Expenses
Annual operating expenses and sales charges of RMOP. Prospectus, as of February 12, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.80% |
| Fee waiver | — |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
RMOP Costs Over Time
On $10,000 invested in RMOP, assuming 5% a year before costs, total costs come to $502 over 5 years, cutting the return by 0.84% 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 0.80%) | $84 | $263 | $456 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $276 | $502 |
| Value after costs | $10,416 | $11,301 | $12,260 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
RMOP 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): $884.1M
- Portfolio turnover (prospectus): 238%
RMOP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $326.8M | 44.54% |
| TD FINANCIAL PRODUCTS LLC | $95.0M | 12.95% |
| BNY MELLON CAPITAL MARKETS LLC | $75.4M | 10.28% |
| D.A. DAVIDSON & CO. | $42.9M | 5.84% |
| WELLS FARGO SECURITIES LLC | $41.5M | 5.66% |
| BARCLAYS CAPITAL INC. | $38.7M | 5.27% |
| PIPER SANDLER & CO. | $35.4M | 4.83% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $29.2M | 3.98% |
| JEFFERIES LLC | $25.4M | 3.46% |
| CANTOR FITZGERALD & CO. | $23.4M | 3.18% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.