City National Rochdale Select Strategies Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.5%
1 yr return
11.6%
3 Yr Avg Return
12.7%
5 Yr Avg Return
9.2%
Net Assets
$234 M
Holdings in Top 10
72.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.99%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 0.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
CNRLX - Profile
Distributions
- YTD Total Return 1.5%
- 3 Yr Annualized Total Return 12.7%
- 5 Yr Annualized Total Return 9.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.99%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameCity National Rochdale Select Strategies Fund
-
Fund Family NameCity National Rochdale
-
Inception DateJul 27, 2017
-
Shares Outstanding16001443
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerThomas Ehrlein
Fund Description
CNRLX - Performance
Return Ranking - Trailing
| Period | CNRLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.5% | -12.8% | 48.6% | 74.19% |
| 1 Yr | 11.6% | -21.1% | 161.3% | 74.19% |
| 3 Yr | 12.7%* | -2.7% | 35.1% | 41.94% |
| 5 Yr | 9.2%* | -34.2% | 22.0% | 22.58% |
| 10 Yr | N/A* | 2.6% | 19.5% | N/A |
* Annualized
Return Ranking - Calendar
| Period | CNRLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 6.1% | -11.9% | 52.7% | 67.74% |
| 2024 | 10.2% | -52.0% | 74.8% | 41.94% |
| 2023 | 13.8% | -26.9% | 38.7% | 32.26% |
| 2022 | 0.7% | -72.7% | 8.2% | 6.45% |
| 2021 | 6.0% | -30.9% | 27.4% | 50.00% |
Total Return Ranking - Trailing
| Period | CNRLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.5% | -12.8% | 48.6% | 74.19% |
| 1 Yr | 11.6% | -21.1% | 161.3% | 74.19% |
| 3 Yr | 12.7%* | -2.7% | 35.1% | 41.94% |
| 5 Yr | 9.2%* | -34.2% | 22.0% | 22.58% |
| 10 Yr | N/A* | 2.6% | 19.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | CNRLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 10.5% | -9.7% | 56.5% | 74.19% |
| 2024 | 13.6% | -45.6% | 76.4% | 35.48% |
| 2023 | 14.2% | -26.8% | 39.0% | 41.94% |
| 2022 | 0.7% | -72.7% | 8.2% | 19.35% |
| 2021 | 6.0% | -29.8% | 28.3% | 50.00% |
NAV & Total Return History
CNRLX - Holdings
Concentration Analysis
| CNRLX | Category Low | Category High | CNRLX % Rank | |
|---|---|---|---|---|
| Net Assets | 234 M | 11.9 M | 31.2 B | 64.52% |
| Number of Holdings | 20 | 16 | 389 | 96.77% |
| Net Assets in Top 10 | 171 M | 7.8 M | 5.86 B | 58.06% |
| Weighting of Top 10 | 72.83% | 17.6% | 99.4% | 9.68% |
Top 10 Holdings
- 2 - Broadway (Capital Efficiency - Narrow Definitions, Regional, International) 22.30%
- 8 - Hollywood (Capital Efficiency - Narrow Definitions, Regional, International) 22.02%
- 7 - Glendale (Multi-Section Wind) Prime Focus- Multi-Section Wind 3.69%
- 12 - Madison (Regional Wind 1) Prime Focus- Regional Wind 1 3.67%
- 3 - Carmelia (International Multi-Peril) Prime Focus- International Multi-Peril 3.65%
- 1 - Atlantic (ANP) Prime Focus- ANP 3.61%
- 14 - Ocean (ANP Occurrence) Prime Focus- ANP Occurrence 3.55%
- 10 - King (Wind and Earthquake) Prime Focus- Wind and Earthquake 3.51%
- 13 - Nassau (Multi-Peril 1) Prime Focus- Multi-Peril 1 3.42%
- 15 - Park (ANP Aggregate) Prime Focus- ANP Aggregate 3.42%
Asset Allocation
| Weighting | Return Low | Return High | CNRLX % Rank | |
|---|---|---|---|---|
| Bonds | 99.02% | 0.00% | 99.02% | 3.23% |
| Cash | 0.98% | 0.00% | 85.21% | 74.19% |
| Stocks | 0.00% | 0.00% | 100.61% | 93.55% |
| Preferred Stocks | 0.00% | 0.00% | 34.31% | 54.84% |
| Other | 0.00% | -4.59% | 91.95% | 74.19% |
| Convertible Bonds | 0.00% | 0.00% | 3.05% | 60.00% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | CNRLX % Rank | |
|---|---|---|---|---|
| Derivative | 0.00% | -4.59% | 0.31% | 61.29% |
| Cash & Equivalents | 0.00% | 0.00% | 100.00% | 93.55% |
| Securitized | 0.00% | 0.00% | 5.53% | 50.00% |
| Corporate | 0.00% | 0.00% | 90.98% | 64.29% |
| Municipal | 0.00% | 0.00% | 1.77% | 46.43% |
| Government | 0.00% | 0.00% | 34.13% | 50.00% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | CNRLX % Rank | |
|---|---|---|---|---|
| US | 99.02% | 0.00% | 99.02% | 3.23% |
| Non US | 0.00% | 0.00% | 2.97% | 48.39% |
CNRLX - Expenses
Operational Fees
| CNRLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.99% | 0.39% | 4.24% | 38.71% |
| Management Fee | 0.50% | 0.25% | 1.90% | 35.48% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 0.19% | N/A |
Sales Fees
| CNRLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 4.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| CNRLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| CNRLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 0.00% | 0.00% | 124.00% | 5.00% |
CNRLX - Distributions
Dividend Yield Analysis
| CNRLX | Category Low | Category High | CNRLX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 12.45% | 74.19% |
Dividend Distribution Analysis
| CNRLX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annually | Quarterly | Annual |
Net Income Ratio Analysis
| CNRLX | Category Low | Category High | CNRLX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.99% | -2.66% | 5.19% | 80.65% |
Capital Gain Distribution Analysis
| CNRLX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 29, 2025 | $0.684 | CapitalGainLongTerm |
| Dec 23, 2024 | $0.473 | CapitalGainLongTerm |
| Dec 21, 2023 | $0.043 | OrdinaryDividend |
CNRLX - Fund Manager Analysis
Managers
Thomas Ehrlein
Start Date
Tenure
Tenure Rank
Jul 27, 2017
4.85
4.9%
Thomas H. Ehrlein joined the former Rochdale Investment Management (predecessor to City National Rochdale) in 2005. He oversees a number of business segments at the firm including investment oversight for all non-traditional investments and the portfolio analytics and modeling processes,and is the Portfolio Manager of the City National Rochdale High Yield Alternative Strategies Fund. Mr. Ehrlein is also a key member of the asset allocation committee at City National Rochdale. He has been in the Investment Management industry since 2000. Prior to 2005, Mr. Ehrlein was a Senior Consultant in the Investment Management division of FactSet Research Systems, Inc., where he performed financial market and portfolio management research and quantitative analysis for institutional money management firms, and a middle market lending credit analyst at ABN-Amro, North America. Mr. Ehrlein earned his BS in Finance from the University of Scranton and his MBA in Finance from Hofstra University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 1.25 | 23.1 | 9.39 | 22.93 |