City National Rochdale Muni Hi Inc N (CNRNX)
| Fund Assets | 746.29M |
| Expense Ratio | 1.10% |
| Min. Investment | $0.00 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 4.15% |
| Dividend Growth | -1.46% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 9.15 |
| YTD Return | -0.65% |
| 1-Year Return | -0.98% |
| 5-Year Return | -1.33% |
| 52-Week Low | 8.77 |
| 52-Week High | 9.50 |
| Beta (5Y) | n/a |
| Holdings | 410 |
| Inception Date | Dec 30, 2013 |
About CNRNX
City National Rochdale Municipal High Income Fund Class N is an open-end mutual fund specializing in U.S. municipal bonds. Its primary function is to deliver a high level of current income exempt from federal income tax, making it particularly relevant for investors seeking tax-advantaged cash flow. The fund invests predominantly in medium- and lower-quality municipal bonds, specifically focusing on non-investment grade securities—often referred to as high-yield or "junk" bonds—which typically have ratings of BBB+ or lower, or are unrated but deemed of similar credit risk by the portfolio management team. This strategy provides exposure to a diversified array of municipal issuers, including sectors such as corporate-backed projects, land and special districts, hospitals, private higher education, and tobacco settlement revenues. Managed by City National Rochdale LLC, the fund aims for active management to balance income potential with credit risk. Class N shares incur an annual expense ratio of approximately 1.08% and distribute income to shareholders on a monthly basis. Founded in 2013, the fund plays a significant market role by offering access to the higher-yielding—but higher-risk—segment of the municipal bond market, attracting investors who prioritize tax-free income and are willing to accept increased credit risk for enhanced yield.
Performance
CNRNX had a total return of -0.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.52%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| CNRMX | Servicing Class | 0.85% |
Top 10 Holdings
10.00% of assets| Name | Symbol | Weight |
|---|---|---|
| SEI Daily Income Trust - Government Fund | SEOXX | 2.72% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV - PUERTO RICO SALES TAX FING COR PUERTO RICO SALES TAX FINANCING CORP SALES TAX REV | PR.PRCGEN 4.5 07.01.2034 | 1.31% |
| CHICAGO ILL O HARE INTL ARPT REV - CHICAGO IL O'HARE INTERNATIONA CHICAGO O'HARE INTERNATIONAL AIRPORT | IL.CHITRN 5 01.01.2048 | 0.81% |
| NORTH TEX TWY AUTH REV - N TX TOLLWAY AUTH REVENUE NORTH TEXAS TOLLWAY AUTHORITY | TX.NRTTRN 7 09.01.2043 | 0.79% |
| WESTCHESTER TOBACCO ASSET SECURITIZATION CORP N Y TOBACCO SETTLEMENT ASSET BKD - WESTCHESTER NY TOBACCO ASSET S WESTCHESTER TOBACCO ASSET SECURITIZATION CORP | NY.WCHGEN 5.12 06.01.2051 | 0.77% |
| TARRANT CNTY TEX CULTURAL ED FACS FIN CORP RETIREMENT FAC REV - TARRANT CNTY TX CULTURAL EDU F TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINAN | TX.TAREDU 6.38 02.15.2052 | 0.77% |
| ILLINOIS HSG DEV AUTH MULTIFAMILY HSG REV - ILLINOIS ST HSG DEV AUTH MF HS ILLINOIS HOUSING DEVELOPMENT AUTHORITY | IL.ILSMFH 5.6 01.01.2056 | 0.72% |
| SIERRA VISTA ARIZ INDL DEV AUTH ED FAC REV - SIERRA VISTA AZ INDL DEV AUTH SIERRA VISTA INDUSTRIAL DEVELOPMENT AUTHORITY | AZ.SIEDEV 5.75 06.15.2053 | 0.71% |
| LEGATO CMNTY AUTH COLO LTD TAX SUPPORTED REV - LEGATO CMNTY AUTH CO LTD TAX S LEGATO COMMUNITY AUTHORITY | n/a | 0.71% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV - BLACK BELT ENERGY GAS DIST AL BLACK BELT ENERGY GAS DISTRICT | AL.BBEUTL 10.01.2055 | 0.69% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.0348 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0375 | Jul 31, 2025 |
| Jun 30, 2025 | $0.030 | Jun 30, 2025 |
| May 30, 2025 | $0.035 | May 30, 2025 |
| Apr 30, 2025 | $0.0305 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0316 | Mar 31, 2025 |