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Trending ETFs

Name

As of 05/25/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$23.78

$74.5 M

1.08%

$0.26

1.22%

Vitals

YTD Return

1.2%

1 yr return

-2.6%

3 Yr Avg Return

-4.4%

5 Yr Avg Return

-1.4%

Net Assets

$74.5 M

Holdings in Top 10

48.2%

52 WEEK LOW AND HIGH

$23.8
$22.94
$24.54

Expenses

OPERATING FEES

Expense Ratio 1.22%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 74.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/25/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$23.78

$74.5 M

1.08%

$0.26

1.22%

RIMCX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return -4.4%
  • 5 Yr Annualized Total Return -1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.15%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    City National Rochdale Intermediate Fixed Income Fund
  • Fund Family Name
    City National Rochdale
  • Inception Date
    Dec 31, 1999
  • Shares Outstanding
    2937096
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Krouth

Fund Description

Under normal conditions, the Intermediate Fixed Income Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income securities. The Fund’s investments in fixed income securities consist primarily of fixed rate and variable rate corporate debt obligations, debt obligations of the U.S. Government and its agencies, municipal securities, bank obligations, commercial paper, repurchase agreements and Eurodollar obligations. In investing its assets, the Fund seeks to purchase debt obligations of corporate and government issuers that provide an attractive rate of current income or provide for an attractive return based on the maturity, duration, and credit quality of the issuer relative to comparable issuers included in the Bloomberg Intermediate U.S. Government/Credit Bond Index. The Fund also invests in bank loans and agency and non-agency mortgage-backed securities and asset-backed securities.

Under normal market conditions, the Fund’s assets will principally be invested in investment grade fixed-income securities (i.e., obligations rated BBB- or better by Standard & Poor’s Ratings Services (“Standard & Poor’s”) or Baa3 or better by Moody’s Investors Service, Inc. (“Moody’s”), or if unrated, determined by the Fund’s investment adviser, City National Rochdale, LLC (the “Adviser”), to be of equal quality). The Fund may also invest a portion of its assets in fixed-income securities rated below investment grade (commonly known as “junk” bonds). Although the Adviser considers credit ratings in selecting investments for the Fund, the Adviser bases its investment decision for a particular instrument primarily on its own credit analysis and not on a credit rating by a nationally recognized statistical rating organization. The Adviser considers, among other things, the issuer’s financial resources and operating history, its sensitivity to economic conditions and trends, its debt maturity schedules and borrowing requirements, and relative values based on anticipated cash flow, interest and asset coverage. The Adviser expects that the average credit quality of the Fund will be BBB or higher.

The Fund seeks to have an average portfolio maturity and duration between three and ten years, as such debt obligations generally pay a higher rate of current income than shorter maturity debt obligations. The Adviser expects the Fund to maintain a dollar-weighted average maturity and average duration similar to those of the Bloomberg Intermediate U.S. Government/Credit Bond Index (which are 4.08% and 4.05%) respectively, as of December 31, 2021, but may position the Fund’s portfolio to be longer or shorter based on the Adviser’s outlook with respect to interest rates.

The Fund may continue to own a security as long as the dividend or interest yields satisfy the Fund’s goals, the credit quality meets the Adviser’s fundamental criteria and the Adviser believes the valuation is attractive and industry trends remain favorable. Generally, in determining whether to sell a security, the Adviser uses the same type of analysis that it uses when buying securities to determine whether the security continues to be a desirable investment for the Fund, including consideration of the security’s current credit quality. The Adviser may also sell a security to reduce the Fund’s holding in that security, to take advantage of what the it believes are more attractive investment opportunities or to raise cash.

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RIMCX - Performance

Return Ranking - Trailing

Period RIMCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -50.1% 6.9% 76.76%
1 Yr -2.6% -25.4% 139.4% 4.27%
3 Yr -4.4%* -13.0% 100.8% 17.49%
5 Yr -1.4%* -10.0% 55.1% 20.31%
10 Yr -1.2%* -7.4% 12.3% 20.59%

* Annualized

Return Ranking - Calendar

Period RIMCX Return Category Return Low Category Return High Rank in Category (%)
2023 -10.1% -75.2% 1360.6% 3.87%
2022 -2.9% -14.5% 1027.9% 94.32%
2021 1.6% -9.6% 118.7% 35.28%
2020 1.2% -11.4% 5.8% 70.69%
2019 -0.6% -49.5% 12.4% 36.07%

Total Return Ranking - Trailing

Period RIMCX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -50.1% 6.9% 77.13%
1 Yr -2.6% -25.4% 139.4% 4.27%
3 Yr -4.4%* -13.0% 100.8% 17.59%
5 Yr -1.4%* -10.0% 55.1% 26.56%
10 Yr -1.2%* -7.4% 13.1% 42.75%

* Annualized

Total Return Ranking - Calendar

Period RIMCX Return Category Return Low Category Return High Rank in Category (%)
2023 -10.1% -75.2% 131.9% 3.87%
2022 -2.9% -14.5% 1027.9% 94.32%
2021 1.6% -9.6% 118.7% 35.48%
2020 1.2% -11.4% 5.8% 72.48%
2019 -0.6% -7.0% 12.4% 47.64%

NAV & Total Return History


RIMCX - Holdings

Concentration Analysis

RIMCX Category Low Category High RIMCX % Rank
Net Assets 74.5 M 1.19 M 287 B 90.18%
Number of Holdings 86 1 17234 93.39%
Net Assets in Top 10 37.2 M -106 M 27.6 B 80.07%
Weighting of Top 10 48.20% 3.7% 100.0% 18.58%

Top 10 Holdings

  1. United States Treasury Notes 0.125% 7.20%
  2. United States Treasury Notes 2.625% 6.97%
  3. United States Treasury Notes 0.125% 6.24%
  4. United States Treasury Notes 1.875% 5.69%
  5. NEW YORK ST URBAN DEV CORP REV 3.27% 5.41%
  6. United States Treasury Bills 0% 4.71%
  7. United States Treasury Notes 1.625% 4.67%
  8. United States Treasury Notes 1.62% 4.44%
  9. JPMorgan Chase & Co. 3.12% 4.19%
  10. United States Treasury Notes 1% 4.07%

Asset Allocation

Weighting Return Low Return High RIMCX % Rank
Bonds
90.99% 3.97% 268.18% 78.07%
Convertible Bonds
8.50% 0.00% 10.39% 0.18%
Cash
0.28% -181.13% 95.99% 73.55%
Other
0.23% -13.23% 23.06% 3.71%
Stocks
0.00% -0.98% 24.74% 36.82%
Preferred Stocks
0.00% 0.00% 77.13% 40.04%

Bond Sector Breakdown

Weighting Return Low Return High RIMCX % Rank
Corporate
57.18% 0.00% 100.00% 3.44%
Government
37.70% 0.00% 86.23% 23.19%
Securitized
4.77% 0.00% 98.79% 94.20%
Cash & Equivalents
0.34% 0.00% 95.99% 95.83%
Derivative
0.00% 0.00% 25.16% 41.12%
Municipal
0.00% 0.00% 100.00% 76.27%

Bond Geographic Breakdown

Weighting Return Low Return High RIMCX % Rank
US
85.15% 3.63% 210.09% 58.33%
Non US
5.84% -6.54% 58.09% 72.55%

RIMCX - Expenses

Operational Fees

RIMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.22% 0.01% 2.93% 12.29%
Management Fee 0.40% 0.00% 1.76% 61.65%
12b-1 Fee 0.25% 0.00% 1.00% 24.38%
Administrative Fee N/A 0.01% 0.50% 16.29%

Sales Fees

RIMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RIMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

RIMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 74.00% 2.00% 493.39% 30.88%

RIMCX - Distributions

Dividend Yield Analysis

RIMCX Category Low Category High RIMCX % Rank
Dividend Yield 1.08% 0.00% 12.67% 92.09%

Dividend Distribution Analysis

RIMCX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

RIMCX Category Low Category High RIMCX % Rank
Net Income Ratio 1.15% -1.28% 8.97% 82.02%

Capital Gain Distribution Analysis

RIMCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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RIMCX - Fund Manager Analysis

Managers

David Krouth


Start Date

Tenure

Tenure Rank

Feb 28, 2015

7.26

7.3%

David Krouth is a Portfolio Manager of City National Rochdale, LLC. Mr. Krouth has over 15 years of analytical experience in the financial industry. He is responsible for various facets of investment grade fixed income management, which include trading, research, and portfolio management. Mr. Krouth joined CNB in 2003. Mr. Krouth earned a BS in Finance from the University of Idaho. Additionally, he holds the Chartered Financial Analyst designation and is a member of the CFA Institute.

Charles Luke


Start Date

Tenure

Tenure Rank

Jun 30, 2020

1.92

1.9%

Charles Luke is a Senior Investment Director on the UK and European equities team having joined the company in 2000. Charles started his career at Framlington Investment Management in 1998, covering UK equities. Charles graduated with a BA in Economics and Japanese Studies from Leeds University and an MSc in Business and Economic History from the London School of Economics."

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.76 1.16