City National Rochdale Strategic Credit Fund

Frequently Asked Questions About CNROX

What does CNROX invest in?

City National Rochdale Strategic Credit Fund is a non-diversified, closed-end management investment company. It operates as an interval fund that will offer to make quarterly repurchases of shares at net asset value. Its investment objective is to generate current income, and long-term capital appreciation. The company was founded on February 26, 2018 and is headquartered in New York, NY.

What is the expense ratio of CNROX?

City National Rochdale Strategic Credit Fund (CNROX) charges an expense ratio of 1.95%. This is the annual fee deducted from fund assets to cover management and operations.

What is CNROX's dividend yield?

CNROX's trailing-twelve-month yield is 39.67%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of CNROX?

Effective duration measures CNROX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CNROX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of CNROX?

CNROX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of CNROX?

Yield to maturity (YTM) is the total return you'd earn from CNROX if every bond in the portfolio is held to maturity at the current price. CNROX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.