CNCIX Fees and Costs — City National Rochdale Corporate Bond Fund, Servicing Class
Data updated: 2023-12-14
The net expense ratio is 0.99%. There are no sales loads or redemption fees. Portfolio turnover was 24%.
CNCIX Fees and Expenses
Annual operating expenses and sales charges of CNCIX. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.55% |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| 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 |
CNCIX Costs Over Time
On $10,000 invested in CNCIX, assuming 5% a year before costs, total costs come to $619 over 5 years, cutting the return by 1.04% 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 0.99%) | $104 | $324 | $563 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $340 | $619 |
| Value after costs | $10,396 | $11,236 | $12,143 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
CNCIX 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): 24%
- Securities lending: none during the year
CNCIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $10.7M | 23.72% |
| BAML | $8.5M | 18.68% |
| BARCLAYS CAPITAL INC. | $6.0M | 13.24% |
| MORGAN STANLEY & CO, INC | $3.5M | 7.74% |
| JP MORGAN - OLD BEAR STEARNS | $3.0M | 6.67% |
| MIZUHO SECURITIES USA INC | $3.0M | 6.63% |
| MITSUBISHI SEC | $2.8M | 6.12% |
| CITIGROUP GLOBAL MARKETS | $2.7M | 5.96% |
| US BANK | $2.6M | 5.81% |
| AMHERST SECURITIES GROUP INC. | $2.5M | 5.44% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.