CNBIX Fees and Costs — City National Rochdale Government Bond Fund, Servicing Class
Data updated: 2023-12-14
The net expense ratio is 1.84%: a 0.43% management fee plus 1.41% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 22%.
CNBIX Fees and Expenses
Annual operating expenses and sales charges of CNBIX. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.43% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.41% |
| Gross expense ratio | 1.84% |
| Fee waiver | — |
| Net expense ratio | 1.84% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
CNBIX Costs Over Time
On $10,000 invested in CNBIX, assuming 5% a year before costs, total costs come to $1,132 over 5 years, cutting the return by 1.93% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.84%) | $193 | $598 | $1,027 |
| Lost growth on money paid in costs | $0 | $30 | $105 |
| Total costs | $193 | $627 | $1,132 |
| Value after costs | $10,307 | $10,949 | $11,631 |
| Impact on return, per year | 1.93% | 1.93% | 1.93% |
CNBIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
CNBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $3.4M | 21.40% |
| CHASE SECURITIES, INC. | $2.9M | 18.46% |
| JP MORGAN | $2.7M | 17.22% |
| MORGAN STANLEY & CO, INC | $2.6M | 16.52% |
| CITIGROUP GLOBAL MARKETS | $1.1M | 7.14% |
| HEARTLAND ADVISORS, INC. | $1.1M | 6.74% |
| WELLS FARGO | $996K | 6.27% |
| PIPER JAFFRAY | $606K | 3.81% |
| BONY/TORONTO DOMINION SECURITIES INC. | $359K | 2.26% |
| NOMURA | $31K | 0.19% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.