What this ETF is trying to do

The Rockefeller New York Municipal Bond ETF (RMNY) is an exchange-traded fund that focuses on municipal bonds from New York. Municipal bonds are loans made to local or state governments. Investors often use these types of funds to earn regular income.

What the numbers show

As of October 5, 2026, the share price of RMNY was $23.01.

When looking at performance, it is important to distinguish between price return (how the share price changed) and total return (which includes the share price change plus distributions).

• Year-to-Date (YTD): The price return was -6.03%, while the total return was -2.94%.

• One-Year: The price return was -6.01%, while the total return was -1.82%.

To put the one-year price return into perspective, if you had invested $10,000 based on the estimated price from roughly one year ago ($24.47), the value of those shares alone would have decreased by approximately 6.01% over the year.

Income and distribution explanation

RMNY pays out distributions usually every month. Over the last 12 months, it made 12 payments. The distribution yield is approximately 4.62%.

It is important for beginners to remember that a high distribution yield alone can be misleading. A yield tells you how much cash the fund is paying out relative to its price, but it does not guarantee that the overall investment is growing or that your original principal is safe.

NAV erosion explanation

"NAV erosion" happens when the underlying value of a fund's assets declines over time. StockValueFinder uses an erosion-risk score to measure this.

RMNY has an erosion score of 75, which is labeled as "Mild price erosion." This is a measurement of risk rather than proof that the fund's value has collapsed. The severe erosion-risk flag for this ETF is currently false.

Pros

• Regular Income: The fund provides monthly cash distributions.

• Lower Risk Flag: The fund does not currently have a severe erosion-risk flag.

Cons

• Negative Returns: Both the one-year and year-to-date price and total returns are negative.

• Mild Erosion Risk: The fund has a "mild" erosion-risk label.

• Income Grade: The fund has an income rating grade of "C."

Beginner takeaway

RMNY provides monthly income, but its share price has declined over the past year. While the total return is less negative than the price return (because distributions help offset some of the price drop), the overall value has still decreased. Income investors generally care about "principal stability," which means they want their original investment to stay steady even while they collect monthly checks.