CNBIX — City National Rochdale Government Bond Fund
Data updated: 2023-12-14
CNBIX — City National Rochdale Government Bond Fund. Money Market · $18.14M AUM · 1.84% expense ratio. Holdings, fees, performance and SEC filings.
CNBIX Fund Overview
CNBIX — City National Rochdale Government Bond Fund is a US mutual fund managed by City National Rochdale Funds, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: City National Rochdale Funds
- Category: Money Market
- Assets under management: $18.14M
- 1-year return: -0.0%
- Ticker: CNBIX
- SEC CIK: 0001026977
- SEC series ID: S000005837
- Share class ID: C000016010
CNBIX Investment Objective and Strategy
City National Rochdale Government Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by City National Rochdale Funds.
Investment objective
"The City National Rochdale Government Bond Fund (the ""Government Bond Fund"" or the ""Fund"") seeks to provide current income (as the primary component of a total return intermediate duration strategy) by investing primarily in U.S. Government securities."
Principal investment strategy
"At least 80% of the Government Bond Fund's net assets (plus any borrowings for investment purposes) consists of U.S. Government securities either issued or guaranteed by the U.S. Government or its agencies or instrumentalities. The Fund may also purchase prime quality, conforming mortgage-backed securities issued by the U.S. Government or 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) or the Government National Mortgage Association (""Ginnie Mae"") the maturity and duration of which are consistent with an intermediate term strategy. The Fund typically invests in securities rated investment-grade by Standard & Poor's Ratings Services, Moody's Investors Services and/or Fitch Ratings, or unrated securities considered to be of equivalent quality by City National Rochdale, LLC (the ""Adviser""), the Fund's investment adviser.
Although the Adviser considers credit ratings in selecting investments for the Fund, the Adviser bases its investment decision for a particular instrument primarily on its own credit analysis and not on a credit rating by a nationally recognized statistical rating organization. The Adviser considers, among other things, the issuer's financial resources and operating history, its sensitivity to economic conditions and trends, its debt maturity schedules and borrowing requirements, and relative values based on anticipated cash flow, interest and asset coverage. The Fund may retain a security after it has been downgraded to any rating below the minimum credit rating if the Adviser determines that doing so is in the best interests of the Fund. The Adviser actively manages the average duration of the Fund's portfolio in accordance with its expectations of interest rate changes as driven by economic trends.
The average duration of the Fund's portfolio typically ranges from two to six years, but may vary due to unusually large purchases or redemptions of the Fund's shares. There is no limit on the maturities of individual securities held by the Fund. The Government Bond Fund may also invest in the shares of money market mutual funds the investments of which are consistent with those of the Fund. Generally, in determining whether to sell a security, the Adviser uses the same type of analysis that it uses when buying securities to determine whether the security continues to be a desirable investment for the Fund, including consideration of the security's current credit quality. The Adviser may also sell a security to reduce the Fund's holding in that security, to take advantage of what it believes are more attractive investment opportunities or to raise cash."
CNBIX Performance
Total returns for CNBIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -0.0% |
| 3 years (annualised) | -1.7% |
CNBIX Risk Information
Risk metrics for CNBIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.2%
CNBIX Costs and Fees
CNBIX costs about $184 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.84%
- Gross expense ratio: 1.84%
- Portfolio turnover: 22%
CNBIX Cashflows
Over the 12 months to 2023-03, City National Rochdale Government Bond Fund had net inflows of $10.02M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-03 | $1.28M |
| 2023-02 | $963.56K |
| 2023-01 | $438.79K |
| 2022-12 | $164.41K |
| 2022-11 | $429.49K |
| 2022-10 | $3.65M |
CNBIX Debt Constituents
No individual debt constituents are reported in City National Rochdale Government Bond Fund's latest SEC N-PORT filing.
CNBIX Prospectus and SEC Filings
Official City National Rochdale Government Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-01-27
- Prospectus (485BPOS) — filed 2022-01-28
- Prospectus supplement (497) — filed 2021-10-01
- Portfolio holdings (N-PORT) — filed 2023-05-26
- Portfolio holdings (N-PORT) — filed 2023-03-01
- Portfolio holdings (N-PORT) — filed 2022-11-28
- Annual census (N-CEN) — filed 2023-12-14
- Annual census (N-CEN) — filed 2022-12-09
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.