Rockefeller Asset Management Announces the Launch of Interval Fund, Rockefeller Municipal Opportunities Fund (RKMIX)

NEW YORK--(BUSINESS WIRE)-- Rockefeller Asset Management (?Rockefeller? or ?the Firm?), the asset management division of Rockefeller Capital Management, today announced the launch of the Rockefeller Municipal Opportunities Fund (?RKMIX?), an unlisted closed-end interval fund. RKMIX represents the Firm?s continued expansion into opportunistic municipals following the launch of three actively managed municipal bond ETFs earlier this year.

RKMIX aims to provide investors with exposure to high yield and high-grade municipal bonds, with the goal of delivering high tax-exempt income. The quarterly liquid interval fund structure provides added flexibility that Rockefeller?s deeply experienced municipal portfolio management team can leverage to lean into relative value opportunities that arise in the deeply fragmented municipal market.

?We believe the interval fund structure offers distinct advantages for municipal investors,? said Alex Petrone, Rockefeller Asset Management?s Director of Fixed Income. ?By limiting redemptions to quarterly, rather than daily, our investment team can lean more effectively into both complexity and liquidity premiums across the municipal market, aiming to capitalize on market dislocations and seeking to deliver superior returns for our investors.?

Veteran portfolio managers Scott Cottier, CFA, Mark DeMitry, CFA, and Michael Camarella, CFA, will manage the fund, having joined Rockefeller in June 2024 from Invesco. Cottier, DeMitry and Camarella have over two decades of experience investing together, and prior to their arrival at Rockefeller, the team was listed as portfolio managers on strategies accounting for over $25 billion in assets.

?In our view, opportunistic municipals represent an important component of a diversified portfolio for US tax-paying investors today, supported by what we see as attractive yields and a strong fundamental backdrop,? said Cottier. ?We are delighted to build upon our existing offerings, leveraging our collective experience and capabilities, as we navigate the complexities of and seek to identify compelling relative opportunities across the municipal market.?

About Rockefeller Asset Management

Rockefeller Asset Management serves institutions, financial professionals, and other institutionally minded investors through equity, fixed income, and alternative solutions that seek outperformance driven by a disciplined investment process. Rockefeller Asset Management is committed to continually building partnerships and expanding its platform that seeks to put clients and their performance first. As of September 30, 2024, the division had $16.3 billion of assets under supervision.

Disclosures

The Fund is a continuously offered, non-diversified closed-end management investment company that operates as an interval fund. An investment in the Fund is subject to, among others, the following risks:

• The Fund?s Common Shares are not listed for trading on any national securities exchange. The Fund?s Common Shares have no trading market, and no market is expected to develop.
• An investment in the Fund is not suitable for investors who need certainty about their ability to access all of the money they invest in the short term.
• Even though the Fund will make periodic repurchase offers for its outstanding Common Shares, subject to the limitations described herein, investors should consider Common Shares of the Fund to be an illiquid investment.
• There is no guarantee that you will be able to sell your Common Shares at any given time or in the quantity that you desire.
• There is no assurance that the Fund will be able to make any distributions to Common Shareholders and, if it makes distributions, that they will not decline or that any distributions will be at any particular level or correspond to any particular yield.

Investing involves risk. Principal loss is possible. Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions, credit rating downgrades, or the bankruptcy of the issuer could have a significant effect on an issuer?s ability to make payments of principal and/or interest or otherwise affect the value of such securities. Because the Fund may invest in lower-rated and below-investment-grade securities without limit, the Fund?s investments should be considered speculative. Fixed income securities and other instruments in the Fund?s portfolio will fluctuate in value because of a change in interest rates. The Fund may invest in AMT Bonds. Therefore, a portion of the Fund?s otherwise exempt-interest dividends may be taxable to those shareholders subject to the federal alternative minimum tax.

An investor should consider the investment objectives, risks, and charges and expenses of the fund carefully before investing. A prospectus which contains this and other information about the fund may be obtained by calling 1-888-674-1580 or visiting rockefellerfunds.com. The prospectus should be read carefully before investing.

This information was prepared by Rockefeller Asset Management, a division of Rockefeller & Co. LLC, which is wholly owned by Rockefeller Capital Management, solely for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy interests in any Rockefeller Capital Management investment vehicle, product or service. This information may not be copied, reproduced or distributed without Rockefeller?s prior written consent and is not valid without a consultation with a representative of Rockefeller.

Rockefeller Capital Management is the marketing name for Rockefeller Capital Management L.P. and its affiliates. Investment advisory, asset management and fiduciary activities are performed by the following affiliates of Rockefeller Capital Management: Rockefeller & Co. LLC, Rockefeller Trust Company, N.A. and The Rockefeller Trust Company (Delaware), as the case may be. Rockefeller Asset Management is a division of Rockefeller & Co. LLC.

The Rockefeller Municipal Opportunities Fund is distributed by Quasar Distributors, LLC

Assets Under Supervision (AUS) as of September 30, 2024. AUS is inclusive of firm assets under management of $15.9 billion and firm assets under advisement of $.04 billion.

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Source: Rockefeller Asset Management