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Trending ETFs

Name

As of 03/27/2024

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

$1.00

$7.1 M

4.53%

$0.05

0.87%

Vitals

YTD Return

0.8%

1 yr return

3.2%

3 Yr Avg Return

1.6%

5 Yr Avg Return

1.1%

Net Assets

$7.1 M

Holdings in Top 10

50.7%

52 WEEK LOW AND HIGH

$1.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.87%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Money Market Fund


Name

As of 03/27/2024

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

$1.00

$7.1 M

4.53%

$0.05

0.87%

CNGXX - Profile

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.01%
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    CITY NATIONAL ROCHDALE GOVERNMENT MONEY MARKET FUND
  • Fund Family Name
    City National Rochdale Funds
  • Inception Date
    Sep 01, 2010
  • Shares Outstanding
    434345108
  • Share Class
    N
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Taila

Fund Description

The Government Money Fund invests at least 99.5% of its total assets in cash, U.S. Treasury securities and other government securities guaranteed or issued by an agency or instrumentality of the U.S. Government, and/or repurchase agreements that are fully collateralized by cash or government securities. In addition, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in U.S. Government securities and/or repurchase agreements that are fully collateralized by government securities. In particular, the Fund invests in U.S. Treasury obligations, obligations issued or guaranteed as to principal and interest by agencies or instrumentalities of the U.S. Government and repurchase agreements involving these obligations. Obligations issued or guaranteed by the U.S. Government or its agencies or instrumentalities in which the Government Money Fund invests consist principally of securities issued or guaranteed by Fannie Mae (formerly known as the Federal National Mortgage Association), the Federal Home Loan Bank (“FHLB”), Freddie Mac (formerly known as the Federal Home Loan Mortgage Corporation) and the Government National Mortgage Association (“Ginnie Mae”). The securities held by the Fund must, in the opinion of City National Rochdale, LLC (the “Adviser”), the Fund’s investment adviser, present minimal credit risk. The Fund invests in compliance with the requirements of Rule 2a-7 under the Investment Company Act of 1940 relating to the credit quality, maturity, liquidity and diversification of investments for money market funds.

The Adviser seeks securities with an acceptable maturity that are marketable and liquid and offer competitive yields. The Adviser also considers factors such as the anticipated level of interest rates and the maturity of individual securities relative to the maturity of the Fund as a whole.

The Fund does not currently intend to avail itself of the ability to impose “liquidity fees” on Fund redemptions, as permitted by Rule 2a-7. However, the Board of Trustees reserves the right, with notice to shareholders, to change this policy in the future.

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CNGXX - Performance

Return Ranking - Trailing

Period CNGXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% 0.0% 1.8% 97.02%
1 Yr 3.2% 0.5% 5.7% 97.74%
3 Yr 1.6%* 0.7% 2.6% 97.02%
5 Yr 1.1%* 0.6% 110.5% 97.31%
10 Yr 0.7%* 0.3% 32.0% 95.31%

* Annualized

Return Ranking - Calendar

Period CNGXX Return Category Return Low Category Return High Rank in Category (%)
2023 0.0% -0.1% 5.0% 96.52%
2022 0.0% 0.0% 1.2% 10.18%
2021 0.0% 0.0% 0.0% 10.22%
2020 0.0% 0.0% 0.4% 10.88%
2019 0.0% 0.0% 2.0% 10.43%

Total Return Ranking - Trailing

Period CNGXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% 0.0% 1.8% 97.02%
1 Yr 3.2% 0.5% 5.7% 97.74%
3 Yr 1.6%* 0.7% 2.6% 97.02%
5 Yr 1.1%* 0.6% 110.5% 97.31%
10 Yr 0.7%* 0.3% 32.0% 95.31%

* Annualized

Total Return Ranking - Calendar

Period CNGXX Return Category Return Low Category Return High Rank in Category (%)
2023 3.6% 0.8% 5.9% 98.01%
2022 1.1% 0.0% 1.8% 64.63%
2021 0.0% 0.0% 1.9% 44.35%
2020 0.3% 0.0% 3.0% 74.71%
2019 0.9% 0.0% 3797.9% 86.50%

NAV & Total Return History


CNGXX - Holdings

Concentration Analysis

CNGXX Category Low Category High CNGXX % Rank
Net Assets 7.1 M 818 K 211 B 97.62%
Number of Holdings 41 1 346 59.62%
Net Assets in Top 10 2.55 B -343 K 163 B 59.14%
Weighting of Top 10 50.73% 22.7% 100.0% 77.51%

Top 10 Holdings

  1. Wells Fargo Repo 12.37%
  2. Wells Fargo Repo 12.37%
  3. Wells Fargo Repo 12.37%
  4. Wells Fargo Repo 12.37%
  5. Wells Fargo Repo 12.37%
  6. Wells Fargo Repo 12.37%
  7. Wells Fargo Repo 12.37%
  8. Wells Fargo Repo 12.37%
  9. Wells Fargo Repo 12.37%
  10. Wells Fargo Repo 12.37%

Asset Allocation

Weighting Return Low Return High CNGXX % Rank
Cash
87.02% 25.56% 100.00% 16.82%
Bonds
12.98% 0.00% 74.44% 81.75%
Stocks
0.00% 0.00% 0.00% 9.48%
Preferred Stocks
0.00% 0.00% 0.00% 9.48%
Other
0.00% -1.67% 0.04% 9.72%
Convertible Bonds
0.00% 0.00% 21.22% 16.59%

Bond Sector Breakdown

Weighting Return Low Return High CNGXX % Rank
Cash & Equivalents
87.02% 0.00% 100.00% 16.11%
Government
11.93% 0.00% 44.01% 79.38%
Municipal
1.05% 0.00% 22.71% 4.74%
Derivative
0.00% 0.00% 0.00% 8.29%
Securitized
0.00% 0.00% 1.75% 11.61%
Corporate
0.00% 0.00% 100.00% 26.07%

Bond Geographic Breakdown

Weighting Return Low Return High CNGXX % Rank
US
12.98% 0.00% 72.86% 81.28%
Non US
0.00% 0.00% 3.41% 10.90%

CNGXX - Expenses

Operational Fees

CNGXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.87% 0.08% 4.53% 10.74%
Management Fee 0.26% 0.03% 0.50% 85.31%
12b-1 Fee 0.30% 0.00% 1.00% 76.14%
Administrative Fee N/A 0.01% 0.55% 14.70%

Sales Fees

CNGXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 5.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

CNGXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 5.00% 5.00% 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.

CNGXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 485.00% N/A

CNGXX - Distributions

Dividend Yield Analysis

CNGXX Category Low Category High CNGXX % Rank
Dividend Yield 4.53% 0.00% 5.54% 83.18%

Dividend Distribution Analysis

CNGXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CNGXX Category Low Category High CNGXX % Rank
Net Income Ratio 0.01% -1.09% 1.67% 33.25%

Capital Gain Distribution Analysis

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

Distributions History

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CNGXX - Fund Manager Analysis

Managers

Michael Taila


Start Date

Tenure

Tenure Rank

Dec 31, 2021

0.41

0.4%

Mr. Taila joined the former City National Asset Management (predecessor to City National Rochdale) in 2004 and has over 13 years of experience in the investment industry. He is responsible for the management of tax-free fixed income portfolios and bond selection strategies, and specializes in the research, analysis, and selection of fixed income securities. Mr. Taila also serves as a member of the fixed income team responsible for the management of the City National Rochdale Charter California Tax-Exempt Money Market Fund. Prior to joining City National, he served as Portfolio Officer at Mellon Private Wealth Management, where he assisted in the management of high-net-worth client portfolios through portfolio risk analysis, asset allocation, equity research, and trading. Other past positions include Operations Specialist for Hotchkis and Wiley Capital Management. Mr. Taila holds a BA in Anthropology from the University of California San Diego, an MBA, with a focus in Finance, from the Anderson Graduate School of Management at the University of California at Los Angeles, and a MA in International Affairs from Ohio University.

Charles Luke


Start Date

Tenure

Tenure Rank

Dec 31, 2021

0.41

0.4%

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
0.08 46.68 14.93 19.01