About CNRMX
City National Rochdale Municipal High Income Fund is a mutual fund focused on generating a high level of current income exempt from federal income tax. The fund primarily invests at least 80% of its assets in a diversified portfolio of tax-exempt municipal bonds, with an emphasis on medium- and lower-quality bonds, including those rated BBB+ or lower, or bonds judged to be of comparable quality by the fund’s managers. With an average portfolio duration typically ranging from five to twelve years, the fund’s holdings span various sectors such as corporate, land and special districts, hospitals, dedicated tax infrastructure, tobacco settlement, and private higher education. Managed by experienced professionals, the fund aims to serve investors seeking tax-advantaged income, often distributing dividends on a monthly basis. Since its inception, City National Rochdale Municipal High Income Fund has played a specialized role in the market by providing access to high-yield municipal securities, appealing to those prioritizing after-tax income while accepting higher credit and interest rate risks compared to traditional municipal bond funds.
Fund Family RBC Rochdale.
Category High Yield Muni
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol CNRMX
Share Class Servicing Class
Index Index is not available on Lipper Database
CNRMX had a total return of -0.08% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.77%.
