City National Rochdale Municipal High Income Fund Class N (CNRNX)

Fund Assets	698.67M
Expense Ratio	1.13%
Min. Investment	$0.00
Turnover	23.00%
Dividend (ttm)	0.38
Dividend Yield	4.25%
Dividend Growth	-0.05%
Payout Frequency	Monthly
Ex-Dividend Date	Aug 31, 2026

Previous Close	8.93
YTD Return	-0.94%
1-Year Return	1.44%
5-Year Return	-5.15%
52-Week Low	0.01
52-Week High	9.38
Beta (5Y)	0.13
Holdings	392
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.

• Fund Family: RBC Rochdale.
• Category: High Yield Muni
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: CNRNX
• Share Class: Class N
• Index: Index is not available on Lipper Database

Performance

CNRNX had a total return of 1.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.62%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
CNRMX	Servicing Class	0.88%

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 31, 2026	$0.0395	Aug 31, 2026
Jul 31, 2026	$0.0315	Jul 31, 2026
Jun 30, 2026	$0.0305	Jun 30, 2026
May 29, 2026	$0.0339	May 29, 2026
Apr 30, 2026	$0.0304	Apr 30, 2026
Mar 31, 2026	$0.0316	Mar 31, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Sep 24, 2026

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