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ROCMuni High Income Municipal Bond Fund

The ROCMunicipals Fund is currently in liquidation and not accepting new subscriptions.

$2.18
12/30/2025

-67.70%
12/30/2025
at NAV

NAV Disclosure

Fund Facts

INCEPTION DATE
09/15/2017
NET ASSETS
$8.8MM
ASSET CLASS
Active Fixed Income
MORNINGSTAR CATEGORY
-
BENCHMARK
Bloomberg High Yield
Municipal Bond Index
CUSIP
470258468
View Glossary

Monthly Returns

Source: Morningstar.
Daily NAV change does not include reinvested distributions.

Past performance does not guarantee future results and current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate, so that shares when redeemed may be worth more or less than their original cost. For performance information current to the most recent month-end, please call 888.814.8180.

Daily Pricing and Returns

$2.180.00%-67.70%

Source: Morningstar.
Daily NAV change does not include reinvested distributions.

Quarterly Returns

Source: Morningstar.
Daily NAV change does not include reinvested distributions.

Past performance does not guarantee future results and current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate, so that shares when redeemed may be worth more or less than their original cost. For performance information current to the most recent month-end, please call 888.814.8180.

Calendar Year Performance

2024202320222021202020192018
RocMuni High Income Municipal Fund (RMHIX)0.89%5.22%-13.34%4.08%-4.57%9.42%7.45%
Morningstar High Yield Muni Category4.95%6.48%-13.825.44%3.45%9.12%2.11%

Source: Morningstar.
Daily NAV change does not include reinvested distributions.

Past performance does not guarantee future results and current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate, so that shares when redeemed may be worth more or less than their original cost. For performance information current to the most recent month-end, please call 888.814.8180.

Top 10 Sectors

Resource Recovery

13.38% 

CCRC (continuing care retirement communities)

9.03% 

Charter Schools

8.62% 

Special Tax

7.83% 

Assisted Living

7.20% 

Oil, Gas, Consumable Fuels

6.69% 

Tobacco Master Settlement

6.25% 

Housing Single Family

6.18% 

Marine/Aviation Facilities

5.93% 

Special Assessment

5.68% 

TOTAL

63.41% 

View Glossary

Fund Characteristics

Number of Holdings

189 

Effective Duration

7.48 

Average Effective Maturity

22.86 years 

Average Price

$87.42 

Securities Subject to Alternative Minimum Tax (AMT)

18.49% 

View Glossary

Top 5 States

Texas

16.57% 

Wisconsin

7.75% 

Idaho

7.49% 

Florida

6.00% 

Utah

5.41% 

TOTAL

43.22% 

View Glossary

Credit Profile

A- or Higher

13.82% 

BBB- to BBB+

6.27% 

D to BB+

79.91% 

TOTAL

100.00% 

Non-Rated

83.78% 

View Glossary

Credit quality distribution is determined from the highest available credit rating from a NRSRO, such as S&P or Moody’s, or assigned internal ratings. Non-rated indicates that no NRSRO has assigned these securities a rating and only an internal rating has been assigned.

Distribution Yield

12 Month Distribution Rate1,3,4Trailing 12 Month YieldSEC 30 Day Yield Subsidized2,3SEC 30 Day Yield Unsubsidized2,3
6.07%6.07%4.65%4.68%

Distribution History

Distribution DateDistribution NAVLong-Term Capital GainShort-Term Capital GainReturn of CapitalDividend IncomeDistribution Total
9/30/20247.360.03700.0370
8/30/20247.360.03700.0370
7/31/20247.380.03700.0370
6/28/20247.370.03700.0370
5/31/20247.320.03700.0370
4/30/20247.340.03700.0370
3/28/20247.420.03700.0370
2/29/20247.430.03700.0370
1/31/20247.370.03700.0370
12/29/20237.340.03780.0378
11/30/20237.210.03780.0378
10/31/20236.890.03780.0378
9/29/20237.010.03780.0378
8/31/20237.210.03780.0378
7/31/20237.350.03800.0380
6/30/20237.410.03880.0388
5/31/20237.360.03880.0388
4/28/20237.330.03880.0388
3/31/20237.350.03880.0388
2/28/20237.320.03880.0388
1/31/20237.520.03880.0388
12/30/20227.430.03880.0388
11/30/20227.480.03880.0388
10/31/20227.220.03880.0388
9/30/20227.410.03880.0388
8/31/20227.930.03880.0388
7/29/20228.170.03880.0388
6/30/20227.780.03880.0388
5/31/20228.160.03880.0388
4/29/20228.050.03880.0388
3/31/20228.410.03880.0388
2/28/20228.750.03880.0388
1/31/20228.870.03880.0388
12/31/20219.090.03880.0388
11/30/20219.180.03880.0388
10/29/20219.050.03890.0389
9/30/20219.140.04000.0400
8/31/20219.270.04000.0400
7/30/20219.290.04000.0400
6/30/20219.220.04000.0400
5/28/20219.10.04000.0400
4/30/20219.040.04000.0400
3/31/20218.980.04000.0400
2/26/20218.960.04340.0434
1/29/20219.230.04600.0460
12/31/20209.210.04570.0457
11/30/20209.060.04520.0452
10/30/20209.020.04540.0454
9/30/20209.070.04550.0455
8/31/20209.110.04570.0457
7/31/20209.110.04520.0452
6/30/20209.010.04440.0444
5/29/20208.810.04320.0432
4/30/20208.650.04350.0435
3/31/20208.980.04710.0471
2/28/202010.430.04790.0479
1/31/202010.260.04780.0478
12/31/201910.240.04810.0481
12/20/201910.230.01090.0313--
11/29/201910.290.04780.0478
10/31/201910.260.04830.0483
9/30/201910.350.04850.0485
8/30/201910.40.04580.0458
7/31/201910.250.04830.0483
6/28/201910.240.05100.0510
5/31/201910.250.05070.0507
4/30/201910.150.05090.0509
3/29/201910.180.05080.0508
2/28/201910.010.04400.0440
1/31/20199.960.05130.0513
12/31/20189.950.05230.0523
12/20/20189.940.1971--
11/30/201810.070.05100.0510
10/31/201810.080.05260.0526
9/28/201810.240.04870.0487
8/31/201810.340.05160.0516
7/31/201810.320.05030.0503
6/29/201810.370.05090.0509
5/31/201810.410.05460.0546
4/30/201810.220.05490.0549
3/29/201810.170.05400.0540
2/28/201810.020.04870.0487
1/31/201810.040.05610.0561
12/29/201710.040.05300.0530
11/30/20179.940.04360.0436
10/31/20179.840.04910.0491
9/29/201710.050.01650.0165

Info


Easterly Investment Partners (EIP)

Easterly Investment Partners (EIP) is our traditional, fundamental-based investment arm. EIP bolsters highly experienced teams and their investment strategies with the robust infrastructure of Easterly Asset Management. EIP’s current offerings span the entire value-equity spectrum and are managed by high-performing investors.


Beverly, MA

Documents

Easterly ROCMuni High Income Municipal Bond Fund Morningstar Rating

Overall 3-Year 5-Year
Morningstar Star Rating - - -
# Funds in Category - - -

© 2026 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar Rating™ for funds or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics.

Morningstar Rating is for the I share class only; other classes may have different performance characteristics.

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