What were the Fund costs for the past year?
(based on a hypothetical $10,000 investment)
|
Fund
Name |
Costs
of a $10,000 investment |
Costs
paid as a percentage of a $10,000 investment |
|---|---|---|
|
Rockefeller
California Municipal Bond ETF |
$57 |
0.55% |
How did the Fund perform last year and what affected its performance?
During the period 8/1/25 through 7/31/26, the Fund returned 7.00%, outperforming its benchmark by 1.95%, on a 1-year annualized basis, primarily due to longer duration exposure and strong security selection.
In addition to strong security selection, the fund benefited from municipal yields flattening during the period with 10-year yields higher by 12 bps, from 3.18% to 3.30%, while the 30-year bond tightened by 12 bps going from 4.57% to 4.46%. There was also significant outperformance attributable to muni/treasury ratio’s tightening from 95% to 85% over the period.
As of month-end, the Fund’s twelve month distribution yield was 4.53%, and credit fundamentals across the municipal market remain strong. The Fund maintains a bottom-up, credit-intensive strategy focused on yield-driven total return, recognizing that short-term volatility may occasionally outweigh income.
Cumulative Performance
(Initial Investment of $10,000)
Annual Performance
|
Average
Annual Returns for the Periods
Ended
July 31, 2026: |
1
Year |
Since
Inception |
|---|---|---|
|
Rockefeller
California Municipal
Bond
ETF |
7.00% |
1.90% |
|
Bloomberg
California Exempt Index |
5.05% |
2.26% |
|
Bloomberg
U.S. Municipal High Yield
Bonds
Index |
6.99% |
2.58% |
Key Fund Statistics
(as of July 31, 2026)
|
Fund
Size (Thousands) |
$19,134 |
|
Number
of Holdings |
87 |
|
Total
Advisory Fee Paid |
$88,844 |
|
Portfolio
Turnover Rate |
146% |
What did the Fund invest in?
(as of July 31, 2026)
|
Top
Ten Holdings |
(%
of Total Net Assets) |
|---|---|
|
California
Municipal Finance Authority, Call 07/01/32 |
|
|
Burbank-Glendale-Pasadena
Airport Authority Brick Campaign, Call 07/01/34 |
|
|
Lammersville
Joint Unified School District, STR, Call 09/01/32 |
|
|
California
Housing Finance Agency, FHA 542(C), Call 08/01/33 |
|
|
California
Housing Finance Agency, FHA, Call 02/01/34 |
|
|
Downey
Unified School District, GO, Call 08/01/33 |
|
|
California
School Facilities Financing Authority, AG |
|
|
Lompoc
Valley Medical Center, GO, Call 09/08/26 |
|
|
City
of Los Angeles Department of Airports, Call 05/15/35 |
|
|
California
Public Finance Authority, Call 03/01/32 |
What were the Fund costs for the past year?
(based on a hypothetical $10,000 investment)
|
Fund
Name |
Costs
of a $10,000 investment |
Costs
paid as a percentage of a $10,000 investment |
|---|---|---|
|
Rockefeller
Global Equity ETF |
$62 |
0.55% |
How did the Fund perform last year and what affected its performance?
During the period 8/1/25 through 7/31/26, the Fund returned 24.33% versus its benchmark which returned 22.11%, both on a 1-year annualized basis (Fund outperformed its benchmark by 2.22%).
From a sector perspective, based on performance attribution to the overall portfolio relative to the MSCI ACWI Index, Information Technology and Financials were the leading contributors, while Communication Services and Industrials were the leading detractors.
Reviewing individual stocks based on performance attribution to the overall portfolio relative to the MSCI ACWI Index, the top three leading contributors included Samsung Electronics, Advanced Micro Devices, and Applied Materials. Conversely, the three top leading detractors included Nintendo, Meta Platforms, and AutoZone.
Cumulative Performance
(Initial Investment of $10,000)
Annual Performance
|
Average
Annual Returns for the Periods
Ended
July 31, 2026: |
1
Year |
Since
Inception |
|---|---|---|
|
Rockefeller
Global Equity ETF |
24.33% |
21.87% |
|
MSCI
ACWI Index-Net Dividends |
22.11% |
18.94% |
Key Fund Statistics
(as of July 31, 2026)
|
Fund
Size (Thousands) |
$814,589 |
|
Number
of Holdings |
68 |
|
Total
Advisory Fee Paid |
$4,198,390 |
|
Portfolio
Turnover Rate |
13% |
What did the Fund invest in?
(as of July 31, 2026)
Sector Breakdown
(% of Total Net Assets)
|
Top
Ten Holdings |
(%
of Total Net Assets) |
|---|---|
|
Alphabet,
Inc. - Class A |
|
|
Microsoft
Corp. |
|
|
Samsung
Electronics Co. Ltd. |
|
|
Advanced
Micro Devices, Inc. |
|
|
Amazon.com,
Inc. |
|
|
NVIDIA
Corp. |
|
|
Meta
Platforms, Inc. - Class A |
|
|
Shell
PLC, ADR |
|
|
Applied
Materials, Inc. |
|
|
Apple,
Inc. |
What were the Fund costs for the past year?
(based on a hypothetical $10,000 investment)
|
Fund
Name |
Costs
of a $10,000 investment |
Costs
paid as a percentage of a $10,000 investment |
|---|---|---|
|
Rockefeller
New York Municipal Bond ETF |
$57 |
0.55% |
How did the Fund perform last year and what affected its performance?
During the period 8/1/25 through 7/31/26, the Fund returned 7.10%, outperforming its benchmark by 1.53%, on a 1-year annualized basis, primarily due to longer duration exposure and strong security selection.
In addition to strong security selection, the fund benefited from municipal yields flattening during the period with 10-year yields higher by 12 bps, from 3.18% to 3.30%, while the 30-year bond tightened by 12 bps going from 4.57% to 4.46%. There was also significant outperformance attributable to muni/treasury ratio’s tightening from 95% to 85% over the period.
As of month-end, the Fund’s twelve month distribution yield was 4.44%, and credit fundamentals remain strong across the municipal landscape. The Fund continues to pursue a bottom-up, credit-intensive strategy focused on yield-driven total return, recognizing that short-term volatility may occur, but yield is expected to drive long-term performance.
Cumulative Performance
(Initial Investment of $10,000)
Annual Performance
|
Average
Annual Returns for the Periods
Ended
July 31, 2026: |
1
Year |
Since
Inception |
|---|---|---|
|
Rockefeller
New York Municipal
Bond
ETF |
7.10% |
2.51% |
|
Bloomberg
U.S. Municipal High Yield
Bonds
Index |
6.99% |
2.58% |
|
Bloomberg
New York Exempt Index |
5.57% |
2.12% |
Key Fund Statistics
(as of July 31, 2026)
|
Fund
Size (Thousands) |
$27,879 |
|
Number
of Holdings |
93 |
|
Total
Advisory Fee Paid |
$115,789 |
|
Portfolio
Turnover Rate |
80% |
What did the Fund invest in?
(as of July 31, 2026)
|
Top
Ten Holdings |
(%
of Total Net Assets) |
|---|---|
|
New
York City Transitional Finance Authority Future Tax Secured Revenue, Call 11/01/35* |
|
|
Long
Island Power Authority, Call 09/01/36 |
|
|
New
York City Municipal Water Finance Authority, Call 12/15/35 |
|
|
Triborough
Bridge & Tunnel Authority Sales Tax Revenue, Call 05/15/34 |
|
|
New
York State Dormitory Authority, SAW, Call 10/01/34 |
|
|
Suffolk
Regional Off-Track Betting Corp., Call 06/01/29 |
|
|
Ontario
County Local Development Corp., Call 12/01/33 |
|
|
New
York Transportation Development Corp., Call 12/31/34 |
|
|
Metropolitan
Transportation Authority Dedicated Tax Fund, Call 11/15/34 |
|
|
City
of New York, GO, Call 03/01/34 |
| * | All or portion of the principal amount transferred to a Tender Option Bond (“TOB”) Issuer in exchange for TOB Residuals and cash. |
What were the Fund costs for the past year?
(based on a hypothetical $10,000 investment)
|
Fund
Name |
Costs
of a $10,000 investment |
Costs
paid as a percentage of a $10,000 investment |
|---|---|---|
|
Rockefeller
Opportunistic Municipal Bond ETF |
$58 |
0.55% |
How did the Fund perform last year and what affected its performance?
During the period 8/1/25 through 7/31/26, the Fund returned 9.47%, outperforming its benchmark by 3.17%, on a 1-year annualized basis, due to longer duration exposure and strong security selection.
In addition to strong security selection, the fund benefited from municipal yields flattening during the period with 10-year yields higher by 12 bps, from 3.18% to 3.30%, while the 30-year bond tightened by 12 bps going from 4.57% to 4.46%. There was also significant outperformance attributable to muni/treasury ratio’s tightening from 95% to 85% over the period.
The market outlook remains constructive for municipals, especially high yield, with the Fund’s twelve month distribution yield at 5.30%. The Fund continues to pursue yield-driven total return using a bottom-up, credit-intensive approach, recognizing that short-term volatility may occur, but yield is expected to drive long-term performance.
Cumulative Performance
(Initial Investment of $10,000)
Annual Performance
|
Average
Annual Returns for the Periods
Ended
July 31, 2026: |
1
Year |
Since
Inception |
|---|---|---|
|
Rockefeller
Opportunistic Municipal
Bond
ETF |
9.47% |
4.91% |
|
Bloomberg
U.S. Municipal High Yield
Bonds
Index |
6.99% |
2.58% |
|
Bloomberg
60% Tax-Exempt High Yield/
40%
Bloomberg LB Investment Grade Municipal Index |
6.30% |
2.49% |
Key Fund Statistics
(as of July 31, 2026)
|
Fund
Size (Thousands) |
$434,826 |
|
Number
of Holdings |
342 |
|
Total
Advisory Fee Paid |
$1,619,087 |
|
Portfolio
Turnover Rate |
84% |
What did the Fund invest in?
(as of July 31, 2026)
|
Top
Ten Holdings |
(%
of Total Net Assets) |
|---|---|
|
Washington
Metropolitan Area Transit Authority Dedicated Revenue, Call 07/15/33* |
|
|
University
of Kansas Hospital Authority, Call 03/01/36* |
|
|
San
Francisco City & County Airport Comm-San Francisco International Airport, Call 05/01/35* |
|
|
Worthington
City School District, GO, Call 12/01/32 |
|
|
Texas
Transportation Finance Corp., Call 10/01/35 |
|
|
Eagle
Mountain & Saginaw Independent School District, GO, Call 08/15/35 |
|
|
Medical
University Hospital Authority, FHA INS, Call 11/15/32 |
|
|
Triborough
Bridge & Tunnel Authority Sales Tax Revenue, Call 05/15/34 |
|
|
Weatherford
College of the Parker County Junior College District, Call 08/01/34 |
|
|
Pennsylvania
State University, Call 09/01/35* |
| * | All or portion of the principal amount transferred to a Tender Option Bond (“TOB”) Issuer in exchange for TOB Residuals and cash. |
What were the Fund costs for the past year?
(based on a hypothetical $10,000 investment)
|
Fund
Name |
Costs
of a $10,000 investment |
Costs
paid as a percentage of a $10,000 investment |
|---|---|---|
|
Rockefeller
U.S. Small-Mid Cap ETF |
$79 |
0.75% |
How did the Fund perform last year and what affected its performance?
During the period 8/1/25 through 7/31/26, the Fund returned 9.60% versus its benchmark which returned 30.64%, both on a 1-year annualized basis (Fund underperformed its benchmark by 21.04%).
From a sector perspective, based on performance attribution to the overall portfolio relative to the Russell 2500 Index, Industrials and Materials were the leading contributors, while Information Technology and Health Care were the leading detractors.
Reviewing individual stocks based on performance attribution to the overall portfolio relative to the Russell 2500 Index, the top three leading contributors included StoneX Group, Sterling Infrastructure and DigitalOcean Holdings. Conversely, the three leading detractors included Badger Meter, Ollie’s Bargain Outlet, and StepStone Group.
Cumulative Performance
(Initial Investment of $10,000)
Annual Performance
|
Average
Annual Returns for the Periods
Ended
July 31, 2026: |
1
Year |
Since
Inception |
|---|---|---|
|
Rockefeller
U.S. Small-Mid Cap ETF |
9.60% |
6.80% |
|
Russell
2500 Index TR |
30.64% |
18.62% |
Key Fund Statistics
(as of July 31, 2026)
|
Fund
Size (Thousands) |
$761,563 |
|
Number
of Holdings |
46 |
|
Total
Advisory Fee Paid |
$5,524,417 |
|
Portfolio
Turnover Rate |
60% |
What did the Fund invest in?
(as of July 31, 2026)
Sector Breakdown
(% of Total Net Assets)
|
Top
Ten Holdings |
(%
of Total
Net
Assets) |
|---|---|
|
HA
Sustainable Infrastructure Capital, Inc. |
|
|
StoneX
Group, Inc. |
|
|
FirstCash
Holdings, Inc. |
|
|
TD
SYNNEX Corp. |
|
|
RadNet,
Inc. |
|
|
Jones
Lang LaSalle, Inc. |
|
|
InterDigital,
Inc. |
|
|
Korn
Ferry |
|
|
BJ's
Wholesale Club Holdings, Inc. |
|
|
SEI
Investments Co. |