City National Rochdale Equity Income Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.5%
1 yr return
6.9%
3 Yr Avg Return
2.9%
5 Yr Avg Return
4.1%
Net Assets
$155 M
Holdings in Top 10
25.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.27%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 30.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RIMHX - Profile
Distributions
- YTD Total Return 4.5%
- 3 Yr Annualized Total Return 2.9%
- 5 Yr Annualized Total Return 4.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.25%
- Dividend Yield 5.9%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameCity National Rochdale Equity Income Fund
-
Fund Family NameCity National Rochdale Funds
-
Inception DateMar 08, 2013
-
Shares Outstanding5733443
-
Share ClassN
-
CurrencyUSD
-
Domiciled CountryUS
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ManagerDavid Shapiro
Fund Description
Under normal market conditions, at least 80% of the Equity Income Fund’s net assets (plus any borrowings for investment purposes) consists of equity securities. The Equity Income Fund invests primarily in income-generating securities, principally comprised of dividend-paying equity securities. Generally, the Fund’s investments in dividend-paying equity securities consist of common stocks, preferred stocks, shares of Business Development Companies (“BDCs”), and shares of beneficial interest of real estate investment trusts (“REITs”). The Fund seeks to create a portfolio of securities with an income yield greater than the dividend yield of the S&P 500 Index. The Fund may invest in securities of companies of any market capitalization. The Fund’s equity investments consist primarily of securities of U.S. companies, although the Fund may also invest in securities issued by other investment companies.
In selecting the Fund’s equity securities, City National Rochdale, LLC (the “Adviser”), the Fund’s investment adviser, generally seeks companies that pay above-average, stable dividend yields compared to the dividend yield of the S&P 500 Index and have the ability to grow yields over time. The Fund may continue to own a security as long as the dividend or interest yields satisfy the Fund’s goals, and the Adviser believes the valuation is attractive and industry trends remain favorable.
The Adviser may determine to sell a security under several circumstances, including but not limited to when its target value is realized, the company’s earnings deteriorate, more attractive investment alternatives are identified, or to raise cash.
RIMHX - Performance
Return Ranking - Trailing
Period | RIMHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.5% | -1.3% | 14.4% | 73.77% |
1 Yr | 6.9% | -7.2% | 39.0% | 96.65% |
3 Yr | 2.9%* | -4.8% | 30.7% | 93.64% |
5 Yr | 4.1%* | -0.5% | 43.1% | 99.04% |
10 Yr | 5.3%* | 1.1% | 24.3% | 97.74% |
* Annualized
Return Ranking - Calendar
Period | RIMHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -7.9% | -24.9% | 46.1% | 97.44% |
2022 | -13.6% | -64.7% | 4.6% | 64.43% |
2021 | 11.1% | -44.2% | 57.5% | 72.24% |
2020 | -10.3% | -23.2% | 285.0% | 94.54% |
2019 | 18.2% | -21.4% | 48.5% | 56.69% |
Total Return Ranking - Trailing
Period | RIMHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.5% | -1.3% | 14.4% | 73.77% |
1 Yr | 6.9% | -7.2% | 39.0% | 96.65% |
3 Yr | 2.9%* | -4.8% | 30.7% | 93.64% |
5 Yr | 4.1%* | -0.5% | 43.1% | 99.04% |
10 Yr | 5.3%* | 1.1% | 24.3% | 97.74% |
* Annualized
Total Return Ranking - Calendar
Period | RIMHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -5.1% | -15.9% | 46.7% | 99.56% |
2022 | -0.3% | -42.0% | 8.5% | 10.10% |
2021 | 21.2% | 3.6% | 129.7% | 89.89% |
2020 | -7.3% | -22.6% | 304.8% | 97.18% |
2019 | 22.6% | -12.7% | 52.1% | 81.59% |
NAV & Total Return History
RIMHX - Holdings
Concentration Analysis
RIMHX | Category Low | Category High | RIMHX % Rank | |
---|---|---|---|---|
Net Assets | 155 M | 1.09 M | 163 B | 82.90% |
Number of Holdings | 57 | 2 | 1683 | 74.06% |
Net Assets in Top 10 | 40.6 M | 420 K | 33.9 B | 83.03% |
Weighting of Top 10 | 25.58% | 4.8% | 98.8% | 59.63% |
Top 10 Holdings
- CHEVRON CORP COMMON STOCK 2.70%
- FIFTH THIRD BANCORP COMMON STOCK 2.66%
- DUKE ENERGY CORP COMMON STOCK 2.66%
- WILLIAMS COS INC COMMON STOCK 2.64%
- INTERNATIONAL PAPER CO COMMON STOCK 2.62%
- AMERICAN ELECTRIC POWER COMMON STOCK 2.58%
- ENTERGY CORP COMMON STOCK 2.52%
- METLIFE INC COMMON STOCK 2.44%
- US BANCORP COMMON STOCK 2.39%
- ATT INC COMMON STOCK 2.38%
Asset Allocation
Weighting | Return Low | Return High | RIMHX % Rank | |
---|---|---|---|---|
Stocks | 99.68% | 1.86% | 108.42% | 14.71% |
Cash | 1.02% | -0.79% | 38.18% | 54.40% |
Preferred Stocks | 0.00% | 0.00% | 13.88% | 38.47% |
Other | 0.00% | -1.68% | 39.72% | 54.05% |
Convertible Bonds | 0.00% | 0.00% | 3.66% | 35.51% |
Bonds | -0.71% | -1.92% | 73.23% | 99.91% |
Stock Sector Breakdown
Weighting | Return Low | Return High | RIMHX % Rank | |
---|---|---|---|---|
Financial Services | 24.90% | 0.00% | 58.05% | 11.92% |
Utilities | 15.29% | 0.00% | 27.04% | 1.31% |
Consumer Defense | 11.96% | 0.00% | 34.10% | 19.11% |
Real Estate | 9.02% | 0.00% | 90.54% | 2.10% |
Energy | 8.47% | 0.00% | 54.00% | 36.28% |
Communication Services | 8.39% | 0.00% | 26.58% | 13.94% |
Consumer Cyclical | 6.27% | 0.00% | 22.74% | 41.72% |
Technology | 4.95% | 0.00% | 54.02% | 93.60% |
Industrials | 4.69% | 0.00% | 42.76% | 95.71% |
Healthcare | 4.42% | 0.00% | 30.08% | 98.69% |
Basic Materials | 1.63% | 0.00% | 21.69% | 83.70% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | RIMHX % Rank | |
---|---|---|---|---|
US | 99.68% | 1.86% | 108.42% | 13.75% |
Non US | 0.00% | 0.00% | 26.07% | 55.00% |
RIMHX - Expenses
Operational Fees
RIMHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.27% | 0.03% | 14.82% | 26.20% |
Management Fee | 0.50% | 0.00% | 1.50% | 32.55% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 34.79% |
Administrative Fee | N/A | 0.00% | 0.50% | 12.26% |
Sales Fees
RIMHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
RIMHX 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.
RIMHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 30.00% | 0.00% | 488.00% | 42.29% |
RIMHX - Distributions
Dividend Yield Analysis
RIMHX | Category Low | Category High | RIMHX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.93% | 0.00% | 36.92% | 46.22% |
Dividend Distribution Analysis
RIMHX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
RIMHX | Category Low | Category High | RIMHX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.25% | -1.51% | 4.28% | 8.79% |
Capital Gain Distribution Analysis
RIMHX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 27, 2024 | $0.506 | OrdinaryDividend |
Dec 29, 2023 | $0.017 | OrdinaryDividend |
Sep 27, 2023 | $0.273 | OrdinaryDividend |
Jun 28, 2023 | $0.186 | OrdinaryDividend |
Mar 24, 2023 | $0.490 | OrdinaryDividend |
Sep 27, 2022 | $0.288 | OrdinaryDividend |
Jun 27, 2022 | $0.236 | OrdinaryDividend |
Mar 28, 2022 | $0.495 | OrdinaryDividend |
Sep 27, 2021 | $0.280 | OrdinaryDividend |
Jun 25, 2021 | $0.280 | OrdinaryDividend |
Dec 24, 2020 | $0.280 | OrdinaryDividend |
Sep 28, 2020 | $0.166 | OrdinaryDividend |
Jun 26, 2020 | $0.166 | OrdinaryDividend |
Mar 26, 2020 | $0.166 | OrdinaryDividend |
Dec 24, 2019 | $0.280 | OrdinaryDividend |
Dec 19, 2019 | $0.357 | OrdinaryDividend |
Sep 26, 2019 | $0.280 | OrdinaryDividend |
Jun 26, 2019 | $0.280 | OrdinaryDividend |
Mar 26, 2019 | $0.280 | OrdinaryDividend |
Dec 24, 2018 | $0.280 | OrdinaryDividend |
Sep 25, 2018 | $0.280 | OrdinaryDividend |
Jun 26, 2018 | $0.280 | OrdinaryDividend |
Mar 26, 2018 | $0.280 | OrdinaryDividend |
Dec 26, 2017 | $0.280 | OrdinaryDividend |
Sep 25, 2017 | $0.280 | OrdinaryDividend |
Jun 26, 2017 | $0.280 | OrdinaryDividend |
Mar 27, 2017 | $0.280 | OrdinaryDividend |
Dec 27, 2016 | $0.280 | OrdinaryDividend |
Sep 27, 2016 | $0.280 | OrdinaryDividend |
Jun 27, 2016 | $0.280 | OrdinaryDividend |
Mar 28, 2016 | $0.280 | OrdinaryDividend |
Dec 29, 2015 | $0.280 | OrdinaryDividend |
Sep 28, 2015 | $0.270 | OrdinaryDividend |
Jun 26, 2015 | $0.270 | OrdinaryDividend |
Mar 27, 2015 | $0.270 | OrdinaryDividend |
Dec 29, 2014 | $0.270 | OrdinaryDividend |
Sep 26, 2014 | $0.270 | OrdinaryDividend |
Jun 26, 2014 | $0.270 | OrdinaryDividend |
Mar 27, 2014 | $0.270 | OrdinaryDividend |
Dec 27, 2013 | $0.270 | OrdinaryDividend |
Sep 26, 2013 | $0.270 | OrdinaryDividend |
Jul 01, 2013 | $0.270 | OrdinaryDividend |
RIMHX - Fund Manager Analysis
Managers
David Shapiro
Start Date
Tenure
Tenure Rank
Jan 03, 2022
0.41
0.4%
David Shapiro is a Senior Portfolio Manager and Senior Equity Analyst of the Adviser. Mr. Shapiro has more than 20 years of experience in investment research and analysis and financial services. Prior to joining the Adviser in 2014, Mr. Shapiro held senior analyst positions covering consumer and other sectors at a few long short equity hedge fund advisers. Previously, Mr. Shapiro was an equity research associate at Lehman Brothers. He also spent five years in investment banking and business development roles, working on corporate partnerships, restructurings, capital raisings, and acquisitions. Mr. Shapiro received his MBA in Finance from Columbia Business School, a BS in Economics from the Wharton School and a BA in Sociology from the College of Arts of Sciences at the University of Pennsylvania.
Tony Hu
Start Date
Tenure
Tenure Rank
Jan 03, 2022
0.41
0.4%
Tony Hu is a Senior Portfolio Manager and Senior Equity Analyst of the Adviser. Prior to joining the Adviser in 2007, Mr. Hu was an Equity Research Associate at Bear Stearns from 2005 to 2007. Mr. Hu also held equity research positions at ThinkEquity Partners and Morningstar. Mr. Hu received his MSE in Computer Science & Engineering from the University of Michigan and his MBA in Finance from the London Business School. He holds the Chartered Financial Analyst® designation and the Financial Risk Manager certification.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 86.59 | 8.07 | 16.42 |