0001145549-21-035557.txt : 20210609 0001145549-21-035557.hdr.sgml : 20210609 20210609145940 ACCESSION NUMBER: 0001145549-21-035557 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210331 FILED AS OF DATE: 20210609 DATE AS OF CHANGE: 20210609 EFFECTIVENESS DATE: 20210609 FILER: COMPANY DATA: COMPANY CONFORMED NAME: City National Rochdale High Yield Alternative Strategies Fund TEI LLC CENTRAL INDEX KEY: 0001377955 IRS NUMBER: 205686167 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-21964 FILM NUMBER: 211004828 BUSINESS ADDRESS: STREET 1: 400 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-702-3500 MAIL ADDRESS: STREET 1: 400 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: Rochdale High Yield Alternative Strategies Fund TEI LLC DATE OF NAME CHANGE: 20130322 FORMER COMPANY: FORMER CONFORMED NAME: Rochdale Core Alternative Strategies Fund TEI LLC DATE OF NAME CHANGE: 20061011 N-CEN 1 primary_doc.xml X0303 N-CEN LIVE 0001377955 XXXXXXXX false false false N-2 City National Rochdale High Yield Alternative Strategies Fund TEI LLC 811-21964 0001377955 5493001TMS83WH1D8G82 400 Park Avenue New York 10022 US-NY US 800-245-9888 U.S. Bank Global Fund Services 622 North Cass Street Milwaukee 53212 8336121912 Accounting books, transfer agent and dividend records U.S. Bank National Association 1555 North RiverCenter Drive Suite 302 Milwaukee 53212 8336121912 Custodian records N N N N-2 N James Wolford N/A N Andrew S. Clare N/A Y Daniel A. Hanwacker N/A N Jon C. Hunt N/A N Jay C. Nadel N/A N Julie C. Miller N/A N Don Andrews N/A 400 Park Avenue New York 10022 XXXXXX N N N N N N N CNR Securities, LLC 8-0127265 000018466 N/A Y N EisnerAmper LLP 00274 N/A N N N N N N City National Rochdale High Yield Alternative Strategies Fund TEI LLC 5493001TMS83WH1D8G82 N Y N N N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Y Y Y N City National Rochdale, LLC 801-27265 000117198 549300EOOYRQIBYP3C02 N U.S. Bancorp Fund Services, LLC 85-11357 N1GZ7BBF3NP8GI976H15 N N N N U.S. Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N CNR Securities LLC N/A Y N N U.S. Bancorp Fund Services, LLC N1GZ7BBF3NP8GI976H15 N N N CNR Securities LLC 8-0127265 000018466 N/A 0.000000000000 0.000000000000 0.000000000000 N 9754643.190000000000 Other N/A Units N N N N N N 0.750000000000 1.830000000000 N/A 0 true INTERNAL CONTROL RPT 2 rhyastei.htm INTERNAL CONTROL LETTER

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Managing Member and Board of Directors of

City National Rochdale High Yield Alternative Strategies Fund TEI LLC and Subsidiary

In planning and performing our audit of the consolidated financial statements of City National Rochdale High Yield Alternative Strategies Fund TEI LLC and Subsidiary (the “Fund”) as of and for the year ended March 31, 2021, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (“PCAOB”), we considered the Fund’s 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 Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund 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 fund’s 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 fund’s 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 directors of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the consolidated 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 Fund’s annual or interim consolidated financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s 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 over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund’s 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 March 31, 2021.

This report is intended solely for the information and use of management and the Board of Directors of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ EisnerAmper LLP

EISNERAMPER LLP

Philadelphia, Pennsylvania

May 28, 2021