CNRMX Fees and Costs — City National Rochdale Municipal High Income Fund, Servicing Class
Data updated: 2026-08-28
The net expense ratio is 0.88%: a 0.50% management fee plus 0.38% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 23%.
CNRMX Fees and Expenses
Annual operating expenses and sales charges of CNRMX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 0.88% |
| Fee waiver | — |
| Net expense ratio | 0.88% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CNRMX Costs Over Time
On $10,000 invested in CNRMX, assuming 5% a year before costs, total costs come to $552 over 5 years, cutting the return by 0.92% 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 0.88%) | $92 | $289 | $501 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $92 | $303 | $552 |
| Value after costs | $10,408 | $11,273 | $12,211 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
CNRMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $597.8M
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
CNRMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO | $98.8M | 20.95% |
| J P MORGAN CHASE BANK | $87.7M | 18.61% |
| B.C. ZIEGLER & CO. | $64.2M | 13.61% |
| JEFFERIES LLC | $62.1M | 13.17% |
| MORGAN STANLEY & CO, INC | $53.8M | 11.42% |
| GOLDMAN, SACHS & CO. | $44.2M | 9.38% |
| PIPER JAFFRAY | $24.1M | 5.12% |
| CITIGROUP | $12.8M | 2.71% |
| KEYBANC CAPITAL MARKETS | $12.2M | 2.59% |
| DAVIDSON D.A., & COMPANY INC. | $11.5M | 2.43% |
City National Rochdale Municipal High Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CNRMX | Servicing Class | 0.88% | — |
| CNRNX | Class N | 1.13% | — |
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.