0001752724-23-279615.txt : 20231214 0001752724-23-279615.hdr.sgml : 20231214 20231214172946 ACCESSION NUMBER: 0001752724-23-279615 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230930 FILED AS OF DATE: 20231214 DATE AS OF CHANGE: 20231214 EFFECTIVENESS DATE: 20231214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CITY NATIONAL ROCHDALE FUNDS CENTRAL INDEX KEY: 0001026977 IRS NUMBER: 911766001 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-07923 FILM NUMBER: 231488077 BUSINESS ADDRESS: STREET 1: 400 NORTH ROXBURY DRIVE CITY: BEVERLY HILLS STATE: CA ZIP: 90210 BUSINESS PHONE: (800) 708-8881 MAIL ADDRESS: STREET 1: 400 NORTH ROXBURY DRIVE CITY: BEVERLY HILLS STATE: CA ZIP: 90210 FORMER COMPANY: FORMER CONFORMED NAME: City National Rochdale Funds DATE OF NAME CHANGE: 20130910 FORMER COMPANY: FORMER CONFORMED NAME: CNI CHARTER FUNDS DATE OF NAME CHANGE: 19990503 FORMER COMPANY: FORMER CONFORMED NAME: BERKELEY FUNDS TRUST DATE OF NAME CHANGE: 19980319 0001026977 S000005828 CITY NATIONAL ROCHDALE HIGH YIELD BOND FUND C000015987 CITY NATIONAL ROCHDALE HIGH YIELD BOND FUND - CLASS N CHBAX C000015988 CITY NATIONAL ROCHDALE HIGH YIELD BOND FUND - SERVICING CHYIX C000107179 CITY NATIONAL ROCHDALE HIGH YIELD BOND FUND - INSTITUTIONAL CNIHX 0001026977 S000005833 CITY NATIONAL ROCHDALE GOVERNMENT MONEY MARKET FUND C000015999 CITY NATIONAL ROCHDALE GOVERNMENT MONEY MARKET FUND - CLASS N CNGXX C000016000 CITY NATIONAL ROCHDALE GOVERNMENT MONEY MARKET FUND - SERVICING CNIXX C000016001 CITY NATIONAL ROCHDALE GOVERNMENT MONEY MARKET FUND - CLASS S CNFXX 0001026977 S000005835 CITY NATIONAL ROCHDALE CALIFORNIA TAX - EXEMPT BOND FUND C000016005 CITY NATIONAL ROCHDALE CALIFORNIA TAX - EXEMPT BOND FUND - CLASS N CCTEX C000016006 CITY NATIONAL ROCHDALE CALIFORNIA TAX - EXEMPT BOND FUND - SERVICING CNTIX 0001026977 S000005836 CITY NATIONAL ROCHDALE CORPORATE BOND FUND C000016007 CITY NATIONAL ROCHDALE CORPORATE BOND FUND - CLASS N CCBAX C000016008 CITY NATIONAL ROCHDALE CORPORATE BOND FUND - SERVICING CNCIX 0001026977 S000005837 CITY NATIONAL ROCHDALE GOVERNMENT BOND FUND C000016009 CITY NATIONAL ROCHDALE GOVERNMENT BOND FUND - CLASS N CGBAX C000016010 CITY NATIONAL ROCHDALE GOVERNMENT BOND FUND - SERVICING CNBIX C000107178 CITY NATIONAL ROCHDALE GOVERNMENT BOND FUND - INSTITUTIONAL CNIGX 0001026977 S000039066 CITY NATIONAL ROCHDALE U.S. CORE EQUITY FUND C000120109 CITY NATIONAL ROCHDALE U.S. CORE EQUITY FUND - CLASS N CNRWX C000120110 CITY NATIONAL ROCHDALE U.S. CORE EQUITY FUND - INSTITUTIONAL CNRUX C000120111 CITY NATIONAL ROCHDALE U.S. CORE EQUITY FUND - SERVICING CNRVX 0001026977 S000039721 City National Rochdale Equity Income Fund C000123067 Class N RIMHX C000237512 Servicing Class CNRHX 0001026977 S000039723 City National Rochdale Fixed Income Opportunities Fund C000123069 Class N RIMOX C000237513 Servicing Class CNRZX 0001026977 S000039724 City National Rochdale Intermediate Fixed Income Fund C000123070 Class N RIMCX C000133171 Institutional Class CNRIX C000237514 Servicing Class CNRCX 0001026977 S000043469 City National Rochdale Municipal High Income Fund C000134824 Class N CNRNX C000134825 Servicing Class CNRMX 0001026977 S000063940 City National Rochdale Short Term Emerging Markets Debt Fund C000206961 Class Y CNRGX N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001026977 XXXXXXXX 811-07923 N-1A true City National Rochdale Funds 811-07923 0001026977 549300QMC7FYNN5LU818 400 North Roxbury Drive BEVERLY HILLS 90210 US-CA US (800)-445-1341 ALCENTRA LIMITED 160 Queen Victoria Street London GB EC4V 4LA 44-20-7163-6000 Records as Sub-Advisor to Trust Federated Investment Management Company 1001 Liberty Avenue Pittsburgh 15222-3779 412-288-1900 Records as Sub-Advisor to Trust AllFinancial Partners II, LLC 4800 N Federal Hwy Boca Raton 33431 561-430-5317 Records as Sub-Advisor to Trust T. 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MORGAN SECURITIES 008-35008 000000079 ZBUT11V806EZRVTWT807 325289536.91999996 BNP PARIBAS 008-32682 000015794 RCNB6OTYUAMMP879YW96 88213726.76000002 CITIGROUP GLOBAL MARKETS 008-08177 000007059 MBNUM2BPBDO7JBLYG310 190896393.16000003 3087399487.80999850 N 2453900199.03000020 Committed 400000000.00000000 N N N N CITY NATIONAL ROCHDALE U.S. CORE EQUITY FUND S000039066 549300IX2L60NZ3OPJ65 N 3 0 0 N/A N N N N N/A 0 0 Rule 32a-4 (17 CFR 270.32a-4) Rule 18f-4 (17 CFR 270.18f-4) Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) N N N N City National Rochdale, LLC 801-60150 000111759 N/A N U.S. Bank Global Fund Services 85-11357 N1GZ7BBF3NP8GI976H15 N N N IHS Markit 549300HLPTRASHS0E726 GB N Bloomberg 254900BF4G8VMW8GG471 N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N Pricing Direct 549300WIC0TOJ7N7GD54 N S&P 549300U4VWNITEKO2881 N Thomson Reuters Corporation 549300561UZND4C7B569 CA N N US BANK, N.A. N/A N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N INSTINET 549300MGMN3RKMU8FT57 N N U.S. Bank Global Fund Services 85-11357 N N N SEI INVESTMENTS GLOBAL FUNDS SERVICES 801-24593 SEC File Number N N N SYMPHONIC SECURITIES LLC 8-67220 000139512 N/A 0 CNR Securities, LLC 8-36759 000018466 N/A 0 INSTINET CLEARING SERVICES, INC. 008-23669 000007897 549300MGMN3RKMU8FT57 80103.06 MERRILL LYNCH 008-07221 000007691 8NAV47T0Y26Q87Y0QP81 227.5 UBS FINANCIAL SERVICES INC 008-16267 000008174 ETYRV6ORNFJB5NONI676 416.5 80747.06 0 Y 366465918 Committed 400000000.00000000 N N N false false true false false false INTERNAL CONTROL RPT 2 CNR_ICL.txt INTERNAL CONTROL LETTER REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Shareholders and Board of Trustees of City National Rochdale Funds In planning and performing our audit of the financial statements of City National Rochdale Government Money Market Fund, City National Rochdale California Tax Exempt Bond Fund, City National Rochdale Municipal High Income Fund, City National Rochdale Fixed Income Opportunities Fund, City National Rochdale Equity Income Fund, and City National Rochdale U.S. Core Equity Fund (the Funds), each a series of shares of beneficial interest in City National Rochdale Funds, as of and for the year ended September 30, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds internal control over financial reporting. Accordingly, we express no such opinion. The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A funds internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A funds internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a funds assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds annual or interim financial statements will not be prevented or detected on a timely basis. Our consideration of the Funds internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of September 30, 2023. This report is intended solely for the information and use of management and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. COHEN & COMPANY, LTD. Philadelphia, Pennsylvania November 30, 2023