City National Rochdale Select Strategies Fund
Name
As of 09/28/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
8.1%
1 yr return
3.9%
3 Yr Avg Return
5.5%
5 Yr Avg Return
5.7%
Net Assets
$208 M
Holdings in Top 10
65.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.99%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 0.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 09/28/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
CNRLX - Profile
Distributions
- YTD Total Return 8.1%
- 3 Yr Annualized Total Return 5.5%
- 5 Yr Annualized Total Return 5.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.99%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameCity National Rochdale Select Strategies Fund
-
Fund Family NameCity National Rochdale
-
Inception DateJul 27, 2017
-
Shares Outstanding16001443
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerThomas Ehrlein
Fund Description
CNRLX - Performance
Return Ranking - Trailing
| Period | CNRLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.1% | -38.7% | 572.0% | 32.43% |
| 1 Yr | 3.9% | -60.9% | 355.6% | 40.54% |
| 3 Yr | 5.5%* | -50.9% | 18.8% | 31.43% |
| 5 Yr | 5.7%* | -35.5% | 22.0% | 66.67% |
| 10 Yr | N/A* | -4.2% | 11.8% | N/A |
* Annualized
Return Ranking - Calendar
| Period | CNRLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | 0.7% | -72.7% | 8.2% | 5.41% |
| 2021 | 6.0% | -41.2% | 27.4% | 42.86% |
| 2020 | 6.4% | -34.0% | 233.6% | 70.59% |
| 2019 | 6.5% | -31.4% | 66.0% | 71.43% |
| 2018 | 6.5% | -52.1% | 6.5% | 4.17% |
Total Return Ranking - Trailing
| Period | CNRLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.1% | -36.8% | 572.0% | 32.43% |
| 1 Yr | 3.9% | -59.4% | 360.4% | 40.54% |
| 3 Yr | 5.5%* | -49.1% | 20.1% | 31.43% |
| 5 Yr | 5.7%* | -33.2% | 22.3% | 66.67% |
| 10 Yr | N/A* | 4.4% | 12.8% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | CNRLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2022 | 0.7% | -72.7% | 8.2% | 16.22% |
| 2021 | 6.0% | -39.3% | 28.3% | 45.71% |
| 2020 | 6.4% | -30.6% | 233.9% | 76.47% |
| 2019 | 6.5% | -28.5% | 66.5% | 71.43% |
| 2018 | 6.5% | -28.3% | 6.5% | 4.17% |
NAV & Total Return History
CNRLX - Holdings
Concentration Analysis
| CNRLX | Category Low | Category High | CNRLX % Rank | |
|---|---|---|---|---|
| Net Assets | 208 M | 3.16 M | 31.2 B | 59.46% |
| Number of Holdings | 20 | 21 | 389 | 97.30% |
| Net Assets in Top 10 | 136 M | -21.4 M | 5.86 B | 59.46% |
| Weighting of Top 10 | 65.44% | 8.9% | 100.0% | 32.43% |
Top 10 Holdings
- 8 - Hollywood (Capital Efficiency - Narrow Definitions, Regional, International) 19.04%
- 2 - Broadway (Capital Efficiency - Narrow Definitions, Regional, International) 17.36%
- 10 - King (Wind and Earthquake) Prime Focus- Wind and Earthquake 3.90%
- 5 - Elevado (High ROC) Prime Focus- High ROC 3.85%
- 15 - Park (ANP Aggregate) Prime Focus- ANP Aggregate 3.75%
- 3 - Carmelia (International Multi-Peril) Prime Focus- International Multi-Peril 3.73%
- 1 - Atlantic (ANP) Prime Focus- ANP 3.60%
- 7 - Glendale (Multi-Section Wind) Prime Focus- Multi-Section Wind 3.41%
- 4 - Delancey (US Earthquake) Prime Focus- US Earthquake 3.41%
- 14 - Ocean (ANP Occurrence) Prime Focus- ANP Occurrence 3.40%
Asset Allocation
| Weighting | Return Low | Return High | CNRLX % Rank | |
|---|---|---|---|---|
| Bonds | 90.91% | 0.00% | 88.23% | 2.70% |
| Cash | 9.09% | -0.34% | 100.00% | 48.65% |
| Stocks | 0.00% | 0.00% | 100.33% | 91.89% |
| Preferred Stocks | 0.00% | 0.00% | 29.02% | 29.73% |
| Other | 0.00% | 0.00% | 91.95% | 51.35% |
| Convertible Bonds | 0.00% | 0.00% | 3.05% | 22.22% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | CNRLX % Rank | |
|---|---|---|---|---|
| Derivative | 0.00% | 0.00% | 10.75% | 21.62% |
| Cash & Equivalents | 0.00% | 0.00% | 100.00% | 83.78% |
| Securitized | 0.00% | 0.00% | 5.53% | 12.50% |
| Corporate | 0.00% | 0.00% | 90.98% | 34.38% |
| Municipal | 0.00% | 0.00% | 1.77% | 9.38% |
| Government | 0.00% | 0.00% | 34.13% | 18.75% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | CNRLX % Rank | |
|---|---|---|---|---|
| US | 90.91% | 0.00% | 32.00% | 2.70% |
| Non US | 0.00% | 0.00% | 56.23% | 10.81% |
CNRLX - Expenses
Operational Fees
| CNRLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.99% | 0.40% | 4.04% | 40.54% |
| Management Fee | 0.50% | 0.25% | 1.90% | 21.62% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 0.19% | N/A |
Sales Fees
| CNRLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 4.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| CNRLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| CNRLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 0.00% | 0.00% | 124.00% | 4.35% |
CNRLX - Distributions
Dividend Yield Analysis
| CNRLX | Category Low | Category High | CNRLX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.59% | 59.46% |
Dividend Distribution Analysis
| CNRLX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
| CNRLX | Category Low | Category High | CNRLX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.99% | -2.66% | 5.19% | 83.78% |
Capital Gain Distribution Analysis
| CNRLX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
CNRLX - Fund Manager Analysis
Managers
Thomas Ehrlein
Start Date
Tenure
Tenure Rank
Jul 27, 2017
4.85
4.9%
Thomas H. Ehrlein joined the former Rochdale Investment Management (predecessor to City National Rochdale) in 2005. He oversees a number of business segments at the firm including investment oversight for all non-traditional investments and the portfolio analytics and modeling processes,and is the Portfolio Manager of the City National Rochdale High Yield Alternative Strategies Fund. Mr. Ehrlein is also a key member of the asset allocation committee at City National Rochdale. He has been in the Investment Management industry since 2000. Prior to 2005, Mr. Ehrlein was a Senior Consultant in the Investment Management division of FactSet Research Systems, Inc., where he performed financial market and portfolio management research and quantitative analysis for institutional money management firms, and a middle market lending credit analyst at ABN-Amro, North America. Mr. Ehrlein earned his BS in Finance from the University of Scranton and his MBA in Finance from Hofstra University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.75 | 23.1 | 8.85 | 1.25 |