# EDGAR Filing Document

**Accession Number:** 0001026977
**File Stem:** 0001398344-25-011600
**Filing Date:** 2025-6
**Character Count:** 964192
**Document Hash:** 739b8c55f018cad648c3ce27ae579b4c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-011600.hdr.sgml**: 20250609

**ACCESSION NUMBER**: 0001398344-25-011600

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 29

**CONFORMED PERIOD OF REPORT**: 20250331

**FILED AS OF DATE**: 20250609

**DATE AS OF CHANGE**: 20250609

**EFFECTIVENESS DATE**: 20250609

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CITY NATIONAL ROCHDALE FUNDS
- **CENTRAL INDEX KEY:** 0001026977

**ORGANIZATION NAME:**
- **EIN:** 911766001
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07923
- **FILM NUMBER:** 251033903

**BUSINESS ADDRESS:**
- **STREET 1:** 400 NORTH ROXBURY DRIVE
- **CITY:** BEVERLY HILLS
- **STATE:** CA
- **ZIP:** 90210
- **BUSINESS PHONE:** (800) 708-8881

**MAIL ADDRESS:**
- **STREET 1:** 400 NORTH ROXBURY DRIVE
- **CITY:** BEVERLY HILLS
- **STATE:** CA
- **ZIP:** 90210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** City National Rochdale Funds
- **DATE OF NAME CHANGE:** 20130910

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CNI CHARTER FUNDS
- **DATE OF NAME CHANGE:** 19990503

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BERKELEY FUNDS TRUST
- **DATE OF NAME CHANGE:** 19980319

## Series and Classes Contracts Data

### CITY NATIONAL ROCHDALE GOVERNMENT MONEY MARKET FUND (Series ID: S000005833)

| Class ID   | Class Name                                                      | Ticker Symbol   |
|:---|:---|:---|
| C000015999 | CITY NATIONAL ROCHDALE GOVERNMENT MONEY MARKET FUND - CLASS N   | CNGXX           |
| C000016000 | CITY NATIONAL ROCHDALE GOVERNMENT MONEY MARKET FUND - SERVICING | CNIXX           |
| C000016001 | CITY NATIONAL ROCHDALE GOVERNMENT MONEY MARKET FUND - CLASS S   | CNFXX           |

### CITY NATIONAL ROCHDALE U.S. CORE EQUITY FUND (Series ID: S000039066)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000120109 | CITY NATIONAL ROCHDALE U.S. CORE EQUITY FUND - CLASS N       | CNRWX           |
| C000120110 | CITY NATIONAL ROCHDALE U.S. CORE EQUITY FUND - INSTITUTIONAL | CNRUX           |
| C000120111 | CITY NATIONAL ROCHDALE U.S. CORE EQUITY FUND - SERVICING     | CNRVX           |

### City National Rochdale Equity Income Fund (Series ID: S000039721)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000123067 | Class N      | RIMHX           |

### City National Rochdale Fixed Income Opportunities Fund (Series ID: S000039723)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000123069 | Class N      | RIMOX           |

### City National Rochdale Municipal High Income Fund (Series ID: S000043469)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000134824 | Class N         | CNRNX           |
| C000134825 | Servicing Class | CNRMX           |

?xml version='1.0' encoding='ASCII'? Consolidated ssr-output-EDGAR XBRL File

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM N-CSRS**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT**

**INVESTMENT COMPANIES**

**Investment Company Act file number 811-07923**

**City National Rochdale Funds**

(Exact name of registrant as specified in charter)

400 Park Avenue

New York, New York 10022

(Address of principal executive offices) (Zip code)

Rochelle Levy

400 Park Avenue

New York, New York 10022

(Name and address of agent for service)

**Registrant's telephone number, including area code: 1-888-889-0799**

**Date of fiscal year end: September 30, 2025**

**Date of reporting period: March 31, 2025**

**Item 1. Reports to Stockholders.**

(a) A copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Investment Company Act of 1940, as amended (the "Act") (17 CFR § 270.30e-1), is attached hereto.

**# City National Rochdale Funds
![Image](i13369281fe6be4efa701efbf.jpg)

## City National Rochdale Government Money Market Fund

## Class N Shares - CNGXX

## Semi-Annual Shareholder Report: March 31, 2025
This semi-annual shareholder report contains important information about Class N Shares of the City National Rochdale Government Money Market Fund (the "Fund") for the period from October 1, 2024 to March 31, 2025. You can find additional information about the Fund at https://www.citynationalrochdalefunds.com/dashboard. You can also request this information by contacting us at 1-888-889-0799.

# What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| <u>Fund Name</u> | <u>Costs of a $10,000 investment</u> | <u>Costs paid as a percentage of a $10,000 investment</u> |
| City National Rochdale Government Money Market Fund, Class N Shares | $33 | 0.65% |

---

# Key Fund Statistics as of March 31, 2025

---

| | | |
|:---|:---|:---|
| <u>Total Net Assets (000's)</u> | <u>Number of Holdings</u> | <u>Total Advisory Fees Paid (000's)</u> |
| $7071334 | 38 | $1655 |

---

# What did the Fund invest in?

# Asset Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](ieffb5fbd0421913de37860cc.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Short-Term Investments | 7.7% |
| U.S. Treasury Obligations | 9.1% |
| Repurchase Agreements | 17.7% |
| U.S. Government Agency Obligations | 65.6% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

# Top Ten Holdings

---

| | |
|:---|:---|
| <u>Holding Name</u> | <u>Percentage of Total Net Assets<sup>Footnote Reference(A)</sup></u> |
| Goldman Sachs | 9.9% |
| FHLB DN | 6.8% |
| FHLB DN | 6.3% |
| United States Treasury Bill, 4.30%, 4/8/2025 | 4.9% |
| FHLB DN | 4.2% |
| FHLB DN | 4.2% |
| FHLB DN | 4.1% |
| FHLB DN | 3.4% |
| FHLB DN | 3.3% |
| FFCB | 3.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(A)</sup> | &nbsp;&nbsp;Short-Term Investments are not shown in the top ten chart. |

---

# Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

* 1-888-889-0799 

* https://www.citynationalrochdalefunds.com/dashboard 

# Householding
Rule 30e-1 of the Investment Company Act of 1940 permits funds to transmit only one copy of a proxy statement, annual report or semi-annual report to shareholders (who need not be related) with the same residential, commercial or electronic address, provided that the shareholders have consented in writing and the reports are addressed either to each shareholder individually or to the shareholders as a group. This process is known as "householding" and is designed to reduce the duplicate copies of materials that shareholders receive and to lower printing and mailing costs for funds. Once implemented, if you would like to discontinue householding for your accounts, please call toll-free at 1-888-889-0799 to request individual copies of these documents. Once the Fund receives notice to stop householding, we will begin sending individual copies 30 days after receiving your request.

#### CNGXX-SAR-2025

# City National Rochdale Funds
![Image](i13369281fe6be4efa701efbf.jpg)

## City National Rochdale Government Money Market Fund

## Class S Shares - CNFXX

## Semi-Annual Shareholder Report: March 31, 2025
This semi-annual shareholder report contains important information about Class S Shares of the City National Rochdale Government Money Market Fund (the "Fund") for the period from October 1, 2024 to March 31, 2025. You can find additional information about the Fund at https://www.citynationalrochdalefunds.com/dashboard. You can also request this information by contacting us at 1-888-889-0799.

# What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| <u>Fund Name</u> | <u>Costs of a $10,000 investment</u> | <u>Costs paid as a percentage of a $10,000 investment</u> |
| City National Rochdale Government Money Market Fund, Class S Shares | $40 | 0.79% |

---

# Key Fund Statistics as of March 31, 2025

---

| | | |
|:---|:---|:---|
| <u>Total Net Assets (000's)</u> | <u>Number of Holdings</u> | <u>Total Advisory Fees Paid (000's)</u> |
| $7071334 | 38 | $1655 |

---

# What did the Fund invest in?

# Asset Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](i88c71fa76bdf23da109e896d.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Short-Term Investments | 7.7% |
| U.S. Treasury Obligations | 9.1% |
| Repurchase Agreements | 17.7% |
| U.S. Government Agency Obligations | 65.6% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

# Top Ten Holdings

---

| | |
|:---|:---|
| <u>Holding Name</u> | <u>Percentage of Total Net Assets<sup>Footnote Reference(A)</sup></u> |
| Goldman Sachs | 9.9% |
| FHLB DN | 6.8% |
| FHLB DN | 6.3% |
| United States Treasury Bill, 4.30%, 4/8/2025 | 4.9% |
| FHLB DN | 4.2% |
| FHLB DN | 4.2% |
| FHLB DN | 4.1% |
| FHLB DN | 3.4% |
| FHLB DN | 3.3% |
| FFCB | 3.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(A)</sup> | &nbsp;&nbsp;Short-Term Investments are not shown in the top ten chart. |

---

# Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

* 1-888-889-0799 

* https://www.citynationalrochdalefunds.com/dashboard 

# Householding
Rule 30e-1 of the Investment Company Act of 1940 permits funds to transmit only one copy of a proxy statement, annual report or semi-annual report to shareholders (who need not be related) with the same residential, commercial or electronic address, provided that the shareholders have consented in writing and the reports are addressed either to each shareholder individually or to the shareholders as a group. This process is known as "householding" and is designed to reduce the duplicate copies of materials that shareholders receive and to lower printing and mailing costs for funds. Once implemented, if you would like to discontinue householding for your accounts, please call toll-free at 1-888-889-0799 to request individual copies of these documents. Once the Fund receives notice to stop householding, we will begin sending individual copies 30 days after receiving your request.

#### CNFXX-SAR-2025

# City National Rochdale Funds
![Image](i13369281fe6be4efa701efbf.jpg)

## City National Rochdale Government Money Market Fund

## Servicing Class Shares - CNIXX

## Semi-Annual Shareholder Report: March 31, 2025
This semi-annual shareholder report contains important information about Servicing Class Shares of the City National Rochdale Government Money Market Fund (the "Fund") for the period from October 1, 2024 to March 31, 2025. You can find additional information about the Fund at https://www.citynationalrochdalefunds.com/dashboard. You can also request this information by contacting us at 1-888-889-0799.

# What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| <u>Fund Name</u> | <u>Costs of a $10,000 investment</u> | <u>Costs paid as a percentage of a $10,000 investment</u> |
| City National Rochdale Government Money Market Fund, Servicing Class Shares | $17 | 0.34% |

---

# Key Fund Statistics as of March 31, 2025

---

| | | |
|:---|:---|:---|
| <u>Total Net Assets (000's)</u> | <u>Number of Holdings</u> | <u>Total Advisory Fees Paid (000's)</u> |
| $7071334 | 38 | $1655 |

---

# What did the Fund invest in?

# Asset Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](if273233cc526112b0aec5bd4.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Short-Term Investments | 7.7% |
| U.S. Treasury Obligations | 9.1% |
| Repurchase Agreements | 17.7% |
| U.S. Government Agency Obligations | 65.6% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

# Top Ten Holdings

---

| | |
|:---|:---|
| <u>Holding Name</u> | <u>Percentage of Total Net Assets<sup>Footnote Reference(A)</sup></u> |
| Goldman Sachs | 9.9% |
| FHLB DN | 6.8% |
| FHLB DN | 6.3% |
| United States Treasury Bill, 4.30%, 4/8/2025 | 4.9% |
| FHLB DN | 4.2% |
| FHLB DN | 4.2% |
| FHLB DN | 4.1% |
| FHLB DN | 3.4% |
| FHLB DN | 3.3% |
| FFCB | 3.0% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(A)</sup> | &nbsp;&nbsp;Short-Term Investments are not shown in the top ten chart. |

---

# Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

* 1-888-889-0799 

* https://www.citynationalrochdalefunds.com/dashboard 

# Householding
Rule 30e-1 of the Investment Company Act of 1940 permits funds to transmit only one copy of a proxy statement, annual report or semi-annual report to shareholders (who need not be related) with the same residential, commercial or electronic address, provided that the shareholders have consented in writing and the reports are addressed either to each shareholder individually or to the shareholders as a group. This process is known as "householding" and is designed to reduce the duplicate copies of materials that shareholders receive and to lower printing and mailing costs for funds. Once implemented, if you would like to discontinue householding for your accounts, please call toll-free at 1-888-889-0799 to request individual copies of these documents. Once the Fund receives notice to stop householding, we will begin sending individual copies 30 days after receiving your request.

#### CNIXX-SAR-2025

# City National Rochdale Funds
![Image](i13369281fe6be4efa701efbf.jpg)

## City National Rochdale Municipal High Income Fund

## Class N Shares - CNRNX

## Semi-Annual Shareholder Report: March 31, 2025
This semi-annual shareholder report contains important information about Class N Shares of the City National Rochdale Municipal High Income Fund (the "Fund") for the period from October 1, 2024 to March 31, 2025. You can find additional information about the Fund at https://www.citynationalrochdalefunds.com/dashboard. You can also request this information by contacting us at 1-888-889-0799.

# What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| <u>Fund Name</u> | <u>Costs of a $10,000 investment</u> | <u>Costs paid as a percentage of a $10,000 investment</u> |
| City National Rochdale Municipal High Income Fund, Class N Shares | $55 | 1.11% |

---

# Key Fund Statistics as of March 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| <u>Total Net Assets (000's)</u> | <u>Number of Holdings</u> | <u>Total Advisory Fees Paid (000's)</u> | <u>Portfolio Turnover Rate</u> |
| $776290 | 410 | $1991 | 10% |

---

# What did the Fund invest in?

# Asset Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](i9d0f8a1e40cb57e98e87de5d.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Board Bank Revenue | 0.1% |
| Pollution Control | 0.7% |
| Water | 1.0% |
| Short-Term Investment | 1.2% |
| General Obligations | 2.5% |
| Tobacco | 2.6% |
| Housing | 3.6% |
| Transportation | 3.7% |
| Airports | 4.0% |
| Healthcare | 10.3% |
| Nursing Homes | 14.4% |
| Industrial Development | 18.0% |
| General Revenue | 18.3% |
| Education | 19.2% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

# Top Ten Holdings

---

| | | | |
|:---|:---|:---|:---|
| <u>Holding Name</u> | <u>Coupon Rate</u> | <u>Maturity Date</u> | <u>Percentage of Total Net Assets<sup>Footnote Reference(A)</sup></u> |
| Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-1 | 4.500% | 07/01/34 | 1.3% |
| Chicago, O'Hare International Airport, Ser A, AMT | 5.000% | 01/01/48 | 0.8% |
| Westchester, Tobacco Asset Securitization, Sub-Ser C | 5.125% | 06/01/51 | 0.8% |
| North Texas, Tollway Authority, Convertible Capital Appreciation Project, Ser C | 7.000% | 09/01/31 | 0.8% |
| Illinois State, Housing Development Authority, Stonebridge Gurnee Project, Ser A | 5.600% | 01/01/56 | 0.7% |
| Sierra Vista, Industrial Development Authority | 5.750% | 06/15/53 | 0.7% |
| Legato Community Authority, Ser A-2 | 0.000% | 12/01/51 | 0.7% |
| Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2 | 4.784% | 07/01/58 | 0.7% |
| Main Street Natural Gas, Ser E | 5.000% | 05/01/55 | 0.7% |
| New Hope, Cultural Education Facilities Finance | 2.000% | 11/15/61 | 0.7% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(A)</sup> | &nbsp;&nbsp;Short-Term Investments are not shown in the top ten chart. |

---

# Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

* 1-888-889-0799 

* https://www.citynationalrochdalefunds.com/dashboard 

# Householding
Rule 30e-1 of the Investment Company Act of 1940 permits funds to transmit only one copy of a proxy statement, annual report or semi-annual report to shareholders (who need not be related) with the same residential, commercial or electronic address, provided that the shareholders have consented in writing and the reports are addressed either to each shareholder individually or to the shareholders as a group. This process is known as "householding" and is designed to reduce the duplicate copies of materials that shareholders receive and to lower printing and mailing costs for funds. Once implemented, if you would like to discontinue householding for your accounts, please call toll-free at 1-888-889-0799 to request individual copies of these documents. Once the Fund receives notice to stop householding, we will begin sending individual copies 30 days after receiving your request.

#### CNRNX-SAR-2025

# City National Rochdale Funds
![Image](i13369281fe6be4efa701efbf.jpg)

## City National Rochdale Municipal High Income Fund

## Servicing Class Shares - CNRMX

## Semi-Annual Shareholder Report: March 31, 2025
This semi-annual shareholder report contains important information about Servicing Class Shares of the City National Rochdale Municipal High Income Fund (the "Fund") for the period from October 1, 2024 to March 31, 2025. You can find additional information about the Fund at https://www.citynationalrochdalefunds.com/dashboard. You can also request this information by contacting us at 1-888-889-0799.

# What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| <u>Fund Name</u> | <u>Costs of a $10,000 investment</u> | <u>Costs paid as a percentage of a $10,000 investment</u> |
| City National Rochdale Municipal High Income Fund, Servicing Class Shares | $43 | 0.86% |

---

# Key Fund Statistics as of March 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| <u>Total Net Assets (000's)</u> | <u>Number of Holdings</u> | <u>Total Advisory Fees Paid (000's)</u> | <u>Portfolio Turnover Rate</u> |
| $776290 | 410 | $1991 | 10% |

---

# What did the Fund invest in?

# Asset Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](ibaf07ba915aa1fa81479b7fb.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Board Bank Revenue | 0.1% |
| Pollution Control | 0.7% |
| Water | 1.0% |
| Short-Term Investment | 1.2% |
| General Obligations | 2.5% |
| Tobacco | 2.6% |
| Housing | 3.6% |
| Transportation | 3.7% |
| Airports | 4.0% |
| Healthcare | 10.3% |
| Nursing Homes | 14.4% |
| Industrial Development | 18.0% |
| General Revenue | 18.3% |
| Education | 19.2% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

# Top Ten Holdings

---

| | | | |
|:---|:---|:---|:---|
| <u>Holding Name</u> | <u>Coupon Rate</u> | <u>Maturity Date</u> | <u>Percentage of Total Net Assets<sup>Footnote Reference(A)</sup></u> |
| Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-1 | 4.500% | 07/01/34 | 1.3% |
| Chicago, O'Hare International Airport, Ser A, AMT | 5.000% | 01/01/48 | 0.8% |
| Westchester, Tobacco Asset Securitization, Sub-Ser C | 5.125% | 06/01/51 | 0.8% |
| North Texas, Tollway Authority, Convertible Capital Appreciation Project, Ser C | 7.000% | 09/01/31 | 0.8% |
| Illinois State, Housing Development Authority, Stonebridge Gurnee Project, Ser A | 5.600% | 01/01/56 | 0.7% |
| Sierra Vista, Industrial Development Authority | 5.750% | 06/15/53 | 0.7% |
| Legato Community Authority, Ser A-2 | 0.000% | 12/01/51 | 0.7% |
| Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2 | 4.784% | 07/01/58 | 0.7% |
| Main Street Natural Gas, Ser E | 5.000% | 05/01/55 | 0.7% |
| New Hope, Cultural Education Facilities Finance | 2.000% | 11/15/61 | 0.7% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(A)</sup> | &nbsp;&nbsp;Short-Term Investments are not shown in the top ten chart. |

---

# Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

* 1-888-889-0799 

* https://www.citynationalrochdalefunds.com/dashboard 

# Householding
Rule 30e-1 of the Investment Company Act of 1940 permits funds to transmit only one copy of a proxy statement, annual report or semi-annual report to shareholders (who need not be related) with the same residential, commercial or electronic address, provided that the shareholders have consented in writing and the reports are addressed either to each shareholder individually or to the shareholders as a group. This process is known as "householding" and is designed to reduce the duplicate copies of materials that shareholders receive and to lower printing and mailing costs for funds. Once implemented, if you would like to discontinue householding for your accounts, please call toll-free at 1-888-889-0799 to request individual copies of these documents. Once the Fund receives notice to stop householding, we will begin sending individual copies 30 days after receiving your request.

#### CNRMX-SAR-2025

# City National Rochdale Funds
![Image](i13369281fe6be4efa701efbf.jpg)

## City National Rochdale Fixed Income Opportunities Fund

## Class N Shares - RIMOX

## Semi-Annual Shareholder Report: March 31, 2025
This semi-annual shareholder report contains important information about Class N Shares of the City National Rochdale Fixed Income Opportunities Fund (the "Fund") for the period from October 1, 2024 to March 31, 2025. You can find additional information about the Fund at https://www.citynationalrochdalefunds.com/dashboard. You can also request this information by contacting us at 1-888-889-0799.

# What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| <u>Fund Name</u> | <u>Costs of a $10,000 investment</u> | <u>Costs paid as a percentage of a $10,000 investment</u> |
| City National Rochdale Fixed Income Opportunities Fund, Class N Shares | $58 | 1.15% |

---

# Key Fund Statistics as of March 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| <u>Total Net Assets (000's)</u> | <u>Number of Holdings</u> | <u>Total Advisory Fees Paid (000's)</u> | <u>Portfolio Turnover Rate</u> |
| $1719193 | 1269 | $4385 | 21% |

---

# What did the Fund invest in?

# Asset Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](idcb0e9578e255702d8864b30.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Futures Contracts | 0.0% |
| Warrants | 0.0% |
| Forward Foreign Currency Contracts | 0.1% |
| Common Stock | 0.2% |
| Sovereign Debt | 1.0% |
| Convertible Bonds | 1.3% |
| Short-Term Investment | 2.8% |
| Note | 2.9% |
| Limited Partnerships | 3.6% |
| Non-Listed Business Development Companies | 4.8% |
| Collateralized Loan Obligations | 18.4% |
| Loan Participations | 19.4% |
| Corporate Bonds | 45.9% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

# Top Ten Holdings

---

| | | | |
|:---|:---|:---|:---|
| <u>Holding Name</u> | <u>Coupon Rate</u> | <u>Maturity Date</u> | <u>Percentage of Total Net Assets<sup>Footnote Reference(A)</sup></u> |
| Golub Capital BDC 4 |  |  | 4.1% |
| Primary Wave Music IP Fund LP |  |  | 3.1% |
| City National Rochdale FIOF Investments (Ireland) Limited |  |  | 2.9% |
| Armada Euro CLO III DAC, Ser 2024-3A, Cl ARR, EUR003M + 1.350% | 4.135% | 10/15/37 | 0.9% |
| TCW Direct Lending LLC |  |  | 0.7% |
| Petroleos de Venezuela | 8.500% | 10/27/20 | 0.6% |
| Sandstone Peak III, Ser 2024-1A, Cl A1, TSFR3M + 1.630% | 5.930% | 04/25/37 | 0.6% |
| Akbank, H15T5Y + 5.270% | 9.369% | 06/14/73 | 0.6% |
| Axian Telecom | 7.375% | 02/16/27 | 0.5% |
| Sasol Financing USA | 4.500% | 11/08/27 | 0.4% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(A)</sup> | &nbsp;&nbsp;Short-Term Investments are not shown in the top ten chart. |

---

# Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

* 1-888-889-0799 

* https://www.citynationalrochdalefunds.com/dashboard 

# Householding
Rule 30e-1 of the Investment Company Act of 1940 permits funds to transmit only one copy of a proxy statement, annual report or semi-annual report to shareholders (who need not be related) with the same residential, commercial or electronic address, provided that the shareholders have consented in writing and the reports are addressed either to each shareholder individually or to the shareholders as a group. This process is known as "householding" and is designed to reduce the duplicate copies of materials that shareholders receive and to lower printing and mailing costs for funds. Once implemented, if you would like to discontinue householding for your accounts, please call toll-free at 1-888-889-0799 to request individual copies of these documents. Once the Fund receives notice to stop householding, we will begin sending individual copies 30 days after receiving your request.

#### RIMOX-SAR-2025

# City National Rochdale Funds
![Image](i13369281fe6be4efa701efbf.jpg)

## City National Rochdale Equity Income Fund

## Class N Shares - RIMHX

## Semi-Annual Shareholder Report: March 31, 2025
This semi-annual shareholder report contains important information about Class N Shares of the City National Rochdale Equity Income Fund (the "Fund") for the period from October 1, 2024 to March 31, 2025. You can find additional information about the Fund at https://www.citynationalrochdalefunds.com/dashboard. You can also request this information by contacting us at 1-888-889-0799.

# What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| <u>Fund Name</u> | <u>Costs of a $10,000 investment</u> | <u>Costs paid as a percentage of a $10,000 investment</u> |
| City National Rochdale Equity Income Fund, Class N Shares | $72 | 1.43% |

---

# Key Fund Statistics as of March 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| <u>Total Net Assets (000's)</u> | <u>Number of Holdings</u> | <u>Total Advisory Fees Paid (000's)</u> | <u>Portfolio Turnover Rate</u> |
| $127472 | 51 | $343 | 3% |

---

# What did the Fund invest in?

# Asset Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](ibfbac8d8637ae8c972a64e87.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Short-Term Investment | 0.9% |
| Industrials | 2.0% |
| Health Care | 3.1% |
| Consumer Discretionary | 4.1% |
| Information Technology | 4.2% |
| Materials | 5.8% |
| Energy | 6.4% |
| Communication Services | 7.3% |
| Consumer Staples | 11.4% |
| Multi-Utilities | 12.9% |
| Electric Utilities | 15.2% |
| Financials | 26.5% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

# Top Ten Holdings

---

| | |
|:---|:---|
| <u>Holding Name</u> | <u>Percentage of Total Net Assets<sup>Footnote Reference(A)</sup></u> |
| Williams | 3.9% |
| Altria Group | 3.6% |
| Entergy | 3.6% |
| AT&T | 3.4% |
| International Paper | 3.3% |
| Philip Morris International | 3.0% |
| American Electric Power | 3.0% |
| Duke Energy | 2.9% |
| Citizens Financial Group | 2.8% |
| Regions Financial | 2.6% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(A)</sup> | &nbsp;&nbsp;Short-Term Investments are not shown in the top ten chart. |

---

# Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

* 1-888-889-0799 

* https://www.citynationalrochdalefunds.com/dashboard 

# Householding
Rule 30e-1 of the Investment Company Act of 1940 permits funds to transmit only one copy of a proxy statement, annual report or semi-annual report to shareholders (who need not be related) with the same residential, commercial or electronic address, provided that the shareholders have consented in writing and the reports are addressed either to each shareholder individually or to the shareholders as a group. This process is known as "householding" and is designed to reduce the duplicate copies of materials that shareholders receive and to lower printing and mailing costs for funds. Once implemented, if you would like to discontinue householding for your accounts, please call toll-free at 1-888-889-0799 to request individual copies of these documents. Once the Fund receives notice to stop householding, we will begin sending individual copies 30 days after receiving your request.

#### RIMHX-SAR-2025

# City National Rochdale Funds
![Image](i13369281fe6be4efa701efbf.jpg)

## City National Rochdale U.S. Core Equity Fund

## Institutional Class Shares - CNRUX

## Semi-Annual Shareholder Report: March 31, 2025
This semi-annual shareholder report contains important information about Institutional Class Shares of the City National Rochdale U.S. Core Equity Fund (the "Fund") for the period from October 1, 2024 to March 31, 2025. You can find additional information about the Fund at https://www.citynationalrochdalefunds.com/dashboard. You can also request this information by contacting us at 1-888-889-0799.

# What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| <u>Fund Name</u> | <u>Costs of a $10,000 investment</u> | <u>Costs paid as a percentage of a $10,000 investment</u> |
| City National Rochdale U.S. Core Equity Fund, Institutional Class Shares | $28 | 0.57% |

---

# Key Fund Statistics as of March 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| <u>Total Net Assets (000's)</u> | <u>Number of Holdings</u> | <u>Total Advisory Fees Paid (000's)</u> | <u>Portfolio Turnover Rate</u> |
| $351492 | 57 | $783 | 5% |

---

# What did the Fund invest in?

# Asset Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](i9bee763b573e984e554af21c.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Water Utilities | 0.8% |
| Materials | 0.9% |
| Short-Term Investment | 1.2% |
| Electric Utilities | 1.5% |
| Real Estate | 1.7% |
| Energy | 3.3% |
| Consumer Staples | 5.8% |
| Industrials | 8.2% |
| Consumer Discretionary | 9.8% |
| Health Care | 10.1% |
| Communication Services | 10.8% |
| Financials | 17.7% |
| Information Technology | 28.2% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

# Top Ten Holdings

---

| | |
|:---|:---|
| <u>Holding Name</u> | <u>Percentage of Total Net Assets<sup>Footnote Reference(A)</sup></u> |
| Apple | 6.9% |
| Microsoft | 6.6% |
| NVIDIA | 5.7% |
| Alphabet, Cl A | 4.1% |
| Amazon.Com | 3.8% |
| JPMorgan Chase | 3.1% |
| Meta Platforms, Cl A | 2.6% |
| Berkshire Hathaway, Cl B | 2.5% |
| Visa, Cl A | 2.4% |
| T-Mobile US | 2.3% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(A)</sup> | &nbsp;&nbsp;Short-Term Investments are not shown in the top ten chart. |

---

# Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

* 1-888-889-0799 

* https://www.citynationalrochdalefunds.com/dashboard 

# Householding
Rule 30e-1 of the Investment Company Act of 1940 permits funds to transmit only one copy of a proxy statement, annual report or semi-annual report to shareholders (who need not be related) with the same residential, commercial or electronic address, provided that the shareholders have consented in writing and the reports are addressed either to each shareholder individually or to the shareholders as a group. This process is known as "householding" and is designed to reduce the duplicate copies of materials that shareholders receive and to lower printing and mailing costs for funds. Once implemented, if you would like to discontinue householding for your accounts, please call toll-free at 1-888-889-0799 to request individual copies of these documents. Once the Fund receives notice to stop householding, we will begin sending individual copies 30 days after receiving your request.

#### CNRUX-SAR-2025

# City National Rochdale Funds
![Image](i13369281fe6be4efa701efbf.jpg)

## City National Rochdale U.S. Core Equity Fund

## Class N Shares - CNRWX

## Semi-Annual Shareholder Report: March 31, 2025
This semi-annual shareholder report contains important information about Class N Shares of the City National Rochdale U.S. Core Equity Fund (the "Fund") for the period from October 1, 2024 to March 31, 2025. You can find additional information about the Fund at https://www.citynationalrochdalefunds.com/dashboard. You can also request this information by contacting us at 1-888-889-0799.

# What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| <u>Fund Name</u> | <u>Costs of a $10,000 investment</u> | <u>Costs paid as a percentage of a $10,000 investment</u> |
| City National Rochdale U.S. Core Equity Fund, Class N Shares | $53 | 1.07% |

---

# Key Fund Statistics as of March 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| <u>Total Net Assets (000's)</u> | <u>Number of Holdings</u> | <u>Total Advisory Fees Paid (000's)</u> | <u>Portfolio Turnover Rate</u> |
| $351492 | 57 | $783 | 5% |

---

# What did the Fund invest in?

# Asset Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](i15f5c905b5433e17e2b94a12.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Water Utilities | 0.8% |
| Materials | 0.9% |
| Short-Term Investment | 1.2% |
| Electric Utilities | 1.5% |
| Real Estate | 1.7% |
| Energy | 3.3% |
| Consumer Staples | 5.8% |
| Industrials | 8.2% |
| Consumer Discretionary | 9.8% |
| Health Care | 10.1% |
| Communication Services | 10.8% |
| Financials | 17.7% |
| Information Technology | 28.2% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

# Top Ten Holdings

---

| | |
|:---|:---|
| <u>Holding Name</u> | <u>Percentage of Total Net Assets<sup>Footnote Reference(A)</sup></u> |
| Apple | 6.9% |
| Microsoft | 6.6% |
| NVIDIA | 5.7% |
| Alphabet, Cl A | 4.1% |
| Amazon.Com | 3.8% |
| JPMorgan Chase | 3.1% |
| Meta Platforms, Cl A | 2.6% |
| Berkshire Hathaway, Cl B | 2.5% |
| Visa, Cl A | 2.4% |
| T-Mobile US | 2.3% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(A)</sup> | &nbsp;&nbsp;Short-Term Investments are not shown in the top ten chart. |

---

# Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

* 1-888-889-0799 

* https://www.citynationalrochdalefunds.com/dashboard 

# Householding
Rule 30e-1 of the Investment Company Act of 1940 permits funds to transmit only one copy of a proxy statement, annual report or semi-annual report to shareholders (who need not be related) with the same residential, commercial or electronic address, provided that the shareholders have consented in writing and the reports are addressed either to each shareholder individually or to the shareholders as a group. This process is known as "householding" and is designed to reduce the duplicate copies of materials that shareholders receive and to lower printing and mailing costs for funds. Once implemented, if you would like to discontinue householding for your accounts, please call toll-free at 1-888-889-0799 to request individual copies of these documents. Once the Fund receives notice to stop householding, we will begin sending individual copies 30 days after receiving your request.

#### CNRWX-SAR-2025

# City National Rochdale Funds
![Image](i13369281fe6be4efa701efbf.jpg)

## City National Rochdale U.S. Core Equity Fund

## Servicing Class Shares - CNRVX

## Semi-Annual Shareholder Report: March 31, 2025
This semi-annual shareholder report contains important information about Servicing Class Shares of the City National Rochdale U.S. Core Equity Fund (the "Fund") for the period from October 1, 2024 to March 31, 2025. You can find additional information about the Fund at https://www.citynationalrochdalefunds.com/dashboard. You can also request this information by contacting us at 1-888-889-0799.

# What were the Fund costs for the last six months?
(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| <u>Fund Name</u> | <u>Costs of a $10,000 investment</u> | <u>Costs paid as a percentage of a $10,000 investment</u> |
| City National Rochdale U.S. Core Equity Fund, Servicing Class Shares | $40 | 0.82% |

---

# Key Fund Statistics as of March 31, 2025

---

| | | | |
|:---|:---|:---|:---|
| <u>Total Net Assets (000's)</u> | <u>Number of Holdings</u> | <u>Total Advisory Fees Paid (000's)</u> | <u>Portfolio Turnover Rate</u> |
| $351492 | 57 | $783 | 5% |

---

# What did the Fund invest in?

# Asset Weightings<sup>Footnote Reference \*</sup>
![Holdings Chart](i898cb59197782282a2662bed.jpg)

---

| | |
|:---|:---|
| Value | Value.1 |
| Water Utilities | 0.8% |
| Materials | 0.9% |
| Short-Term Investment | 1.2% |
| Electric Utilities | 1.5% |
| Real Estate | 1.7% |
| Energy | 3.3% |
| Consumer Staples | 5.8% |
| Industrials | 8.2% |
| Consumer Discretionary | 9.8% |
| Health Care | 10.1% |
| Communication Services | 10.8% |
| Financials | 17.7% |
| Information Technology | 28.2% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>\*</sup> | &nbsp;&nbsp;Percentages are calculated based on total net assets. |

---

# Top Ten Holdings

---

| | |
|:---|:---|
| <u>Holding Name</u> | <u>Percentage of Total Net Assets<sup>Footnote Reference(A)</sup></u> |
| Apple | 6.9% |
| Microsoft | 6.6% |
| NVIDIA | 5.7% |
| Alphabet, Cl A | 4.1% |
| Amazon.Com | 3.8% |
| JPMorgan Chase | 3.1% |
| Meta Platforms, Cl A | 2.6% |
| Berkshire Hathaway, Cl B | 2.5% |
| Visa, Cl A | 2.4% |
| T-Mobile US | 2.3% |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote<sup>(A)</sup> | &nbsp;&nbsp;Short-Term Investments are not shown in the top ten chart. |

---

# Additional Information
For additional information about the Fund, including its prospectus, financial information, holdings, and proxy voting information, call or visit:

* 1-888-889-0799 

* https://www.citynationalrochdalefunds.com/dashboard 

# Householding
Rule 30e-1 of the Investment Company Act of 1940 permits funds to transmit only one copy of a proxy statement, annual report or semi-annual report to shareholders (who need not be related) with the same residential, commercial or electronic address, provided that the shareholders have consented in writing and the reports are addressed either to each shareholder individually or to the shareholders as a group. This process is known as "householding" and is designed to reduce the duplicate copies of materials that shareholders receive and to lower printing and mailing costs for funds. Once implemented, if you would like to discontinue householding for your accounts, please call toll-free at 1-888-889-0799 to request individual copies of these documents. Once the Fund receives notice to stop householding, we will begin sending individual copies 30 days after receiving your request.

#### CNRVX-SAR-2025**

(b) Not applicable.

 **Item 2. Code of Ethics.**

Not applicable for semi-annual report.

 **Item 3. Audit Committee Financial Expert.**

Not applicable for semi-annual report.

**Item 4. Principal Accountant Fees and Services.**

Not applicable for semi-annual report.

**Item 5. Audit Committee of Listed Registrants.**

Not applicable, as City National Rochdale Funds (the "Registrant") is not a listed issuer as defined in Rule 10-A under the Securities Exchange Act of 1934, as amended.

**Item 6. Investments**

(a) The Schedule of Investments is included as part of the Financial Statements and Other Information filed under Item 7 of this form.

(b) Not applicable.

**Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.**

Financial statements and financial highlights are filed herein.

![](cnr_i.jpg)

![](cnr_ii.jpg)

**TABLE OF CONTENTS**

City National Rochdale Funds Semi-Annual Financials and Other Information

---

| | |
|:---|:---|
| Financial Statements (Form N-CSRS Item 7) | Financial Statements (Form N-CSRS Item 7) |
| 2 | &nbsp;&nbsp;&nbsp;&nbsp; Schedules of Investments |
| 77 | &nbsp;&nbsp;&nbsp;&nbsp; Statements of Assets and Liabilities |
| 79 | &nbsp;&nbsp;&nbsp;&nbsp; Statements of Operations |
| 81 | &nbsp;&nbsp;&nbsp;&nbsp; Statements of Changes in Net Assets |
| 84 | &nbsp;&nbsp;&nbsp;&nbsp; Statement of Cash Flows |
| 86 | &nbsp;&nbsp;&nbsp;&nbsp; Financial Highlights |
| 88 | &nbsp;&nbsp;&nbsp;&nbsp; Notes to Financial Statements |
| 99 &nbsp;&nbsp;&nbsp;&nbsp; Other Information - (Form N-CSRS Items 8-11) | 99 &nbsp;&nbsp;&nbsp;&nbsp; Other Information - (Form N-CSRS Items 8-11) |

---

CITY NATIONAL ROCHDALE FUNDS \| PAGE 1

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Government Money Market Fund |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
|  **U.S. Government Agency Obligations [65.6%]** | **U.S. Government Agency Obligations [65.6%]** | **U.S. Government Agency Obligations [65.6%]** | **U.S. Government Agency Obligations [65.6%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Federal Farm Credit Bank (FFCB) [14.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Federal Farm Credit Bank (FFCB) [14.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Federal Farm Credit Bank (FFCB) [14.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Federal Farm Credit Bank (FFCB) [14.8%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FFCB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FFCB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.430%, SOFRRATE + 0.040%, 04/15/25(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.430%, SOFRRATE + 0.040%, 04/15/25(A) | $100000 | $100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.515%, SOFRRATE + 0.125%, 07/09/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.515%, SOFRRATE + 0.125%, 07/09/26(A) | 100000 | 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.515%, SOFRRATE + 0.125%, 08/06/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.515%, SOFRRATE + 0.125%, 08/06/26(A) | 150000 | 150000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.525%, SOFRRATE + 0.135%, 09/16/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.525%, SOFRRATE + 0.135%, 09/16/26(A) | 100000 | 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.525%, SOFRRATE + 0.135%, 11/18/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.525%, SOFRRATE + 0.135%, 11/18/26(A) | 215000 | 214999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.530%, SOFRRATE + 0.140%, 12/02/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.530%, SOFRRATE + 0.140%, 12/02/26(A) | 100000 | 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.525%, SOFRRATE + 0.135%, 12/09/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.525%, SOFRRATE + 0.135%, 12/09/26(A) | 150000 | 150000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FFCB DN  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FFCB DN  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.284%, 04/22/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.284%, 04/22/25 | 100000 | 99752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.253%, 05/06/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.253%, 05/06/25 | 30000 | 29877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Federal Home Loan Bank (FHLB) [50.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Federal Home Loan Bank (FHLB) [50.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Federal Home Loan Bank (FHLB) [50.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Federal Home Loan Bank (FHLB) [50.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.269%, 04/21/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.269%, 04/21/25 | 100000 | 99765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.525%, SOFRRATE + 0.135%, 12/11/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.525%, SOFRRATE + 0.135%, 12/11/26(A) | 100000 | 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLB DN  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLB DN  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.261%, 04/04/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.261%, 04/04/25(B) | 175000 | 174938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.280%, 04/09/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.280%, 04/09/25(B) | 100000 | 99905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.266%, 04/16/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.266%, 04/16/25(B) | 300000 | 299472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.260%, 04/23/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.260%, 04/23/25(B) | 150000 | 149612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.437%, 04/25/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.437%, 04/25/25(B) | 100000 | 99711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.252%, 04/30/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.252%, 04/30/25(B) | 292000 | 291008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.247%, 05/07/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.247%, 05/07/25(B) | 480000 | 477975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.275%, 05/14/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.275%, 05/14/25(B) | 201000 | 199985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.249%, 05/16/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.249%, 05/16/25(B) | 445000 | 442657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.262%, 05/23/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.262%, 05/23/25(B) | 240000 | 238538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.251%, 06/04/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.251%, 06/04/25(B) | 300000 | 297757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.248%, 06/06/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.248%, 06/06/25(B) | 200000 | 198459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.236%, 06/11/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.236%, 06/11/25(B) | 115000 | 114049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.234%, 06/25/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.234%, 06/25/25(B) | 236000 | 233666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.259%, 06/27/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.259%, 06/27/25(B) | 25000 | 24746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Federal National Mortgage Association (FNMA) [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Federal National Mortgage Association (FNMA) [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Federal National Mortgage Association (FNMA) [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Federal National Mortgage Association (FNMA) [0.7%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.530%, SOFRRATE + 0.140%, 11/20/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.530%, SOFRRATE + 0.140%, 11/20/26(A) | 54000 | 54000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Government Agency Obligations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Government Agency Obligations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Government Agency Obligations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Government Agency Obligations** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $4,640,871) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $4,640,871) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $4,640,871) | 4640871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Description | Shares/Face Amount (000) | Shares/Face Amount (000) | Value (000) |
|  **U.S. Treasury Obligations [9.1%]** | **U.S. Treasury Obligations [9.1%]** | **U.S. Treasury Obligations [9.1%]** | **U.S. Treasury Obligations [9.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Foreign Governments [9.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Foreign Governments [9.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Foreign Governments [9.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Foreign Governments [9.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States Treasury Bill  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States Treasury Bill  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.296%, 04/08/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.296%, 04/08/25(B) | $350000 | $349710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.276%, 05/15/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.276%, 05/15/25(B) | 100000 | 99483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.431%, 05/22/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.431%, 05/22/25(B) | 100000 | 99386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.301%, 06/05/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.301%, 06/05/25(B) | 100000 | 99239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Treasury Obligations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Treasury Obligations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Treasury Obligations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total U.S. Treasury Obligations** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $647,818) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $647,818) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $647,818) | 647818 |
|  **Short-Term Investments [7.7%]** | **Short-Term Investments [7.7%]** | **Short-Term Investments [7.7%]** | **Short-Term Investments [7.7%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Funds - Government Fund, 4.310%\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Funds - Government Fund, 4.310%\*\* | 299296307 | 299296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Institutional Liquidity Funds – Institutional Select, 4.210%\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Institutional Liquidity Funds – Institutional Select, 4.210%\*\* | 243321371 | 243322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investments** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $542,618) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $542,618) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $542,618) | 542618 |
|  **Repurchase Agreements [17.7%]** | **Repurchase Agreements [17.7%]** | **Repurchase Agreements [17.7%]** | **Repurchase Agreements [17.7%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays (C) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.290%, dated 03/20/25, repurchased on 05/08/25, repurchase price $201,174,873 (collateralized by various U.S. Treasury obligations, par values ranging from $4,280,000-$45,756,000, 0.000%-4.250%, 06/03/2025-02/15/2047; with a total market value of $204,000,053) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.290%, dated 03/20/25, repurchased on 05/08/25, repurchase price $201,174,873 (collateralized by various U.S. Treasury obligations, par values ranging from $4,280,000-$45,756,000, 0.000%-4.250%, 06/03/2025-02/15/2047; with a total market value of $204,000,053) | 200000 | 200000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays (C) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200%, dated 03/31/25, repurchased on 04/01/25, repurchase price $50,005,869 (collateralized by various U.S. Treasury obligations, par values ranging from $4,241,100-$8,201,600, 0.000%-4.250%, 04/15/2025-11/15/2034; with a total market value of $51,000,092) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200%, dated 03/31/25, repurchased on 04/01/25, repurchase price $50,005,869 (collateralized by various U.S. Treasury obligations, par values ranging from $4,241,100-$8,201,600, 0.000%-4.250%, 04/15/2025-11/15/2034; with a total market value of $51,000,092) | 50000 | 50000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays MBS (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barclays MBS (C) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, dated 03/31/25, repurchased on 04/01/25, repurchase price $100,011,877 (collateralized by a U.S. Treasury obligation, par value $110,209,600, 1.250%, 03/31/2028; with a total market value of $102,000,087) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, dated 03/31/25, repurchased on 04/01/25, repurchase price $100,011,877 (collateralized by a U.S. Treasury obligation, par value $110,209,600, 1.250%, 03/31/2028; with a total market value of $102,000,087) | 100000 | 100000 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 2

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Government Money Market Fund *(concluded)* |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Description | Shares/Face Amount (000) | Shares/Face Amount (000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Daiwa MBS (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Daiwa MBS (C) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.270%, dated 03/31/25, repurchased on 04/01/25, repurchase price $200,024,052 (collateralized by various U.S. Treasury obligations, par values ranging from $1,000-$55,000,000, 0.000%-6.500%, 04/10/2025-03/01/2055; with a total market value of $205,597,549) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.270%, dated 03/31/25, repurchased on 04/01/25, repurchase price $200,024,052 (collateralized by various U.S. Treasury obligations, par values ranging from $1,000-$55,000,000, 0.000%-6.500%, 04/10/2025-03/01/2055; with a total market value of $205,597,549) | 200000 | $200000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs (C) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200%, dated 03/31/25, repurchased on 04/01/25, repurchase price $700,082,159 (collateralized by various U.S. Treasury obligations, par values ranging from $32,310,400-$558,531,200, 1.250%-4.630%, 09/15/2027-02/15/2055; with a total market value of $714,000,090) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.200%, dated 03/31/25, repurchased on 04/01/25, repurchase price $700,082,159 (collateralized by various U.S. Treasury obligations, par values ranging from $32,310,400-$558,531,200, 1.250%-4.630%, 09/15/2027-02/15/2055; with a total market value of $714,000,090) | 700000 | 700000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Repurchase Agreements** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Repurchase Agreements** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Repurchase Agreements** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Repurchase Agreements** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $1,250,000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $1,250,000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $1,250,000) | 1250000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [100.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [100.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [100.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [100.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $7,081,307) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $7,081,307) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $7,081,307) | $7081307 |

---

Percentages are based on net assets of $7,071,334 (000).

\*\* The rate reported is the 7-day effective yield as of March 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(A) Variable or floating rate security.
 The rate shown is the effective interest rate as of period end. The rates for certain securities are not based on published reference
 rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the
 rates of underlying loans; or by adjusting periodically based on prevailing interest rates.

&nbsp;&nbsp;&nbsp;&nbsp;(B) Interest rate represents the
 security's effective yield at the time of purchase.

&nbsp;&nbsp;&nbsp;&nbsp;(C) Tri-party Repurchase Agreement.

DN — Discount Note

FFCB — Federal Farm Credit Bank

FHLB — Federal Home Loan Bank

SOFRRATE — Secured Overnight Financing Rate

The following is a summary of the inputs used as of March 31, 2025, in valuing the Fund's investments carried at value (000):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  Investments in Securities | Level 1 | Level 2 | Level 3 | Total |
| &nbsp;&nbsp;&nbsp; U.S. Government Agency Obligations | $— | $4640871 | $— | $4640871 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Obligations |  | 647818 |  | 647818 |
| &nbsp;&nbsp;&nbsp; Short-Term Investments | 542618 |  |  | 542618 |
| &nbsp;&nbsp;&nbsp; Repurchase Agreements |  | 1250000 |  | 1250000 |
|  Total Investments in Securities | $542618 | $6538689 | $— | $7081307 |

---

Amounts designated as "—" are either $0 or have been rounded to $0.

For more information on valuation inputs, see Note 2 – Significant Accounting Policies in the Notes to Financial Statements.

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 3

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
|  **Municipal Bonds [98.4%]** | **Municipal Bonds [98.4%]** | **Municipal Bonds [98.4%]** | **Municipal Bonds [98.4%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Alabama [1.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Alabama [1.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Alabama [1.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Alabama [1.9%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Black Belt Energy Gas District, Ser B, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Black Belt Energy Gas District, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/55(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/55(A) | $5000 | $5235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy Southeast A Cooperative District, Ser B-1, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy Southeast A Cooperative District, Ser B-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/01/54(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/01/54(A) | 1000 | 1099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hoover Industrial Development Board, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hoover Industrial Development Board, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 10/01/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 10/01/49 | 4750 | 4946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mobile County, Industrial Development Authority, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mobile County, Industrial Development Authority, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/20/34 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/20/34 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/54 | 1000 | 988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tuscaloosa County, Industrial Development Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tuscaloosa County, Industrial Development Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/01/44(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/01/44(B) | 3000 | 3030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Alabama** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Alabama** |  | 15298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Arizona [2.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Arizona [2.3%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arizona State, Industrial Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arizona State, Industrial Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/32 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/32 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 03/01/55(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 03/01/55(B) | 2000 | 2001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arizona State, Industrial Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arizona State, Industrial Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/32 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/32 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/01/65(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/01/65(B) | 3000 | 2903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arizona State, Industrial Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arizona State, Industrial Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/35 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/35 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 01/01/59 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 01/01/59 | 375 | 342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arizona State, Industrial Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arizona State, Industrial Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/43(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/43(B) | 310 | 306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arizona State, Industrial Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arizona State, Industrial Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/15/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/15/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/56(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/56(B) | 225 | 178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maricopa County, Industrial Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maricopa County, Industrial Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/01/53(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/01/53(B) | 1400 | 1404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Phoenix, Civic Improvement, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Phoenix, Civic Improvement, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/45 | 250 | 250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Phoenix, Industrial Development Authority, Legacy Traditional School Projects, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Phoenix, Industrial Development Authority, Legacy Traditional School Projects, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/45(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/45(B) | 3300 | 3192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pima County, Industrial Development Authority, Noah Webster School Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pima County, Industrial Development Authority, Noah Webster School Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 12/15/43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 12/15/43 | 1500 | 1501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sierra Vista, Industrial Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sierra Vista, Industrial Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 06/15/53(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 06/15/53(B) | 5400 | 5525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tempe, Industrial Development Authority, Mirrabella at ASU Project, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tempe, Industrial Development Authority, Mirrabella at ASU Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 10/01/52(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 10/01/52(B) | 1200 | 759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Arizona** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Arizona** |  | 18361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Arkansas [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Arkansas [0.6%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arkansas State, Development Finance Authority, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arkansas State, Development Finance Authority, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/26 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/26 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/49(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/49(B) | 4530 | 4310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **California [6.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **California [6.9%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank, Sub-Ser B, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank, Sub-Ser B, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/29 @ 105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/29 @ 105 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 01/01/65(A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 01/01/65(A)(B) | 3795 | 3793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Community Choice Financing Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Community Choice Financing Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/57(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/01/57(B) | 7500 | 5036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Community Choice Financing Authority, Ser B-1-GREEN, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Community Choice Financing Authority, Ser B-1-GREEN, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/31 @ 101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/31 @ 101 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/52(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/52(A) | 3750 | 3748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Community Housing Agency, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Community Housing Agency, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/56(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/56(B) | 3000 | 2536 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 4

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Municipal Finance Authority, California Baptist University, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Municipal Finance Authority, California Baptist University, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/45(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/01/45(B) | $4000 | $4003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Municipal Finance Authority, Ser A, RB, AGM  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Municipal Finance Authority, Ser A, RB, AGM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 11/01/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 11/01/52 | 1000 | 1018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Municipal Finance Authority, Ser D, SPL Tax  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Municipal Finance Authority, Ser D, SPL Tax  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/29 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/29 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/42 | 2000 | 2149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Municipal Finance Authority, SPL Tax  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Municipal Finance Authority, SPL Tax  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/29 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/29 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/52 | 875 | 889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Pollution Control Financing Authority, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Pollution Control Financing Authority, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 07/01/32(B) (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 07/01/32(B) (C) | 1275 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Pollution Control Financing Authority, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Pollution Control Financing Authority, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/33 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/33 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/34(B) | 1000 | 1068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Public Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Public Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 03/01/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 03/01/34(B) | 1000 | 971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Public Finance Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Public Finance Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/31 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/31 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/54(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/54(B) | 2875 | 2761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, School Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, School Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 08/01/42(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 08/01/42(B) | 50 | 52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, School Finance Authority, View Park Elementary & Middle School Project, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, School Finance Authority, View Park Elementary & Middle School Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/49 | 1120 | 1120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, School Finance Authority, View Park Elementary & Middle School Project, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, School Finance Authority, View Park Elementary & Middle School Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 10/01/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 10/01/44 | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, School Finance Authority, View Park Elementary & Middle School Project, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, School Finance Authority, View Park Elementary & Middle School Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 10/01/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 10/01/34 | 575 | 575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Statewide Communities Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Statewide Communities Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/58(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/58(B) | 1500 | 1525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Statewide Communities Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Statewide Communities Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/43(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/43(B) | 500 | 509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Statewide Communities Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California State, Statewide Communities Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/44 | 4000 | 4001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City & County of San Francisco California Community Facilities District No. 2016-1, SPL Tax  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City & County of San Francisco California Community Facilities District No. 2016-1, SPL Tax  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/28 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/28 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/42(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/42(B) | 2250 | 2047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City & County of San Francisco California Infrastructure & Revitalization Fing Dist No. 1, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City & County of San Francisco California Infrastructure & Revitalization Fing Dist No. 1, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/52(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/52(B) | 1320 | 1256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City & County of San Francisco California, San Francisco International Airport, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City & County of San Francisco California, San Francisco International Airport, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/34 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/34 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/01/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/01/49 | 2500 | 2582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CMFA Special Finance Agency VII, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CMFA Special Finance Agency VII, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/56(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 08/01/56(B) | 5500 | 3757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSCDA Community Improvement Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSCDA Community Improvement Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 05/01/57(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 05/01/57(B) | 3430 | 2341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSCDA Community Improvement Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSCDA Community Improvement Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/47(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/47(B) | 1090 | 758 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 5

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSCDA Community Improvement Authority, Ser W, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSCDA Community Improvement Authority, Ser W, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/49(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 12/01/49(B) | $1000 | $671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orange County Community Facilities District, Ser A, SPL Tax  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orange County Community Facilities District, Ser A, SPL Tax  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/29 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/29 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/52 | 3200 | 3251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total California** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total California** |  | 53434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Colorado [10.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Colorado [10.1%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9th Avenue Metropolitan District No. 2, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9th Avenue Metropolitan District No. 2, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/48 | 1000 | 991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amber Creek, Metropolitan District, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amber Creek, Metropolitan District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 101 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 12/01/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 12/01/47 | 1041 | 912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amber Creek, Metropolitan District, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amber Creek, Metropolitan District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 101 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/37 | 648 | 594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banning Lewis Ranch Metropolitan District No. 8, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banning Lewis Ranch Metropolitan District No. 8, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/26 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/26 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 12/01/51(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 12/01/51(B) | 3500 | 2783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broadway Station Metropolitan District No. 2, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broadway Station Metropolitan District No. 2, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/35 | 729 | 650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broadway Station Metropolitan District No. 3, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broadway Station Metropolitan District No. 3, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/49 | 1500 | 1167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buffalo Highlands Metropolitan District, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buffalo Highlands Metropolitan District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/25/25 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/25/25 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 12/01/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 12/01/48 | 1775 | 1735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canyons Metropolitan District No. 5, Sub-Ser B, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canyons Metropolitan District No. 5, Sub-Ser B, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/29 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/29 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/54 | 1000 | 1021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chambers Highpoint Metropolitan District No. 2, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chambers Highpoint Metropolitan District No. 2, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/26 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/26 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/41 | 515 | 456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chambers Highpoint Metropolitan District No. 2, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chambers Highpoint Metropolitan District No. 2, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/26 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/26 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/51 | 1505 | 1214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, Educational & Cultural Facilities Authority, Aspen Ridge School Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, Educational & Cultural Facilities Authority, Aspen Ridge School Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/01/46(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/01/46(B) | 1930 | 1930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, Educational & Cultural Facilities Authority, Aspen Ridge School Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, Educational & Cultural Facilities Authority, Aspen Ridge School Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/36(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/36(B) | 1415 | 1416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, Educational & Cultural Facilities Authority, Charter School Preparatory School Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, Educational & Cultural Facilities Authority, Charter School Preparatory School Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 04/01/25(B) (D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 04/01/25(B) (D) | 2655 | 2655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, Educational & Cultural Facilities Authority, Charter School Preparatory School Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, Educational & Cultural Facilities Authority, Charter School Preparatory School Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 04/01/25(B) (D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 04/01/25(B) (D) | 1515 | 1515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, Health Facilities Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, Health Facilities Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/15/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/15/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/50 | 1950 | 1711 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, Health Facilities Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, Health Facilities Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/28 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/28 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/35 | 1170 | 1059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, Health Facilities Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, Health Facilities Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/28 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/28 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/49 | 3000 | 2281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, Health Facilities Authority, Ser A-, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, Health Facilities Authority, Ser A-, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/44 | 4155 | 3813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, High Performance Transportation Enterprise, U.S. 36 & I-25 Managed Lanes Project, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colorado State, High Performance Transportation Enterprise, U.S. 36 & I-25 Managed Lanes Project, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/01/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/01/44 | 2000 | 2001 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 6

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Constitution Heights Metropolitan District, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Constitution Heights Metropolitan District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/25 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/25 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/49 | $1255 | $1174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Denver, International Business Center Metropolitan District No. 1, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Denver, International Business Center Metropolitan District No. 1, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/25/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/25/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/48 | 850 | 684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Erie Highlands, Metropolitan District No. 1, GO, BAM  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Erie Highlands, Metropolitan District No. 1, GO, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 12/01/40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.250%, 12/01/40 | 900 | 627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Four Corners Business Improvement District, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Four Corners Business Improvement District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/27 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/27 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/52 | 1130 | 1143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green Valley Ranch East Metropolitan District No. 6, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green Valley Ranch East Metropolitan District No. 6, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/25 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/25 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 12/01/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 12/01/50 | 1195 | 1191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greenways Metropolitan District No. 1, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greenways Metropolitan District No. 1, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/26 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/26 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 12/01/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 12/01/51 | 3685 | 2612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Haymeadow Metropolitan District No. 1, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Haymeadow Metropolitan District No. 1, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/30 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/30 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 12/01/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 12/01/54 | 1000 | 1002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferson Center, Metropolitan District No. 1, Ser A-2, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferson Center, Metropolitan District No. 1, Ser A-2, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 12/01/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 12/01/47 | 250 | 229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferson Center, Metropolitan District No. 1, Ser A-2, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferson Center, Metropolitan District No. 1, Ser A-2, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 12/01/40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 12/01/40 | 575 | 528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Karl's Farm Metropolitan District No. 2, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Karl's Farm Metropolitan District No. 2, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/01/25(B) (D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/01/25(B) (D) | 1900 | 1977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Karl's Farm Metropolitan District No. 2, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Karl's Farm Metropolitan District No. 2, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 09/01/25(B) (D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 09/01/25(B) (D) | 645 | 671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lafferty Canyon Metropolitan District, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lafferty Canyon Metropolitan District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/30 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/30 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 12/01/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 12/01/55 | 1445 | 1421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lanterns Metropolitan District No. 3, Sub-Ser A-1, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lanterns Metropolitan District No. 3, Sub-Ser A-1, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/28 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/28 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 12/01/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 12/01/53 | 2300 | 2406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legato Community Authority, Ser A-1, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legato Community Authority, Ser A-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/26 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/26 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/51 | 1025 | 871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legato Community Authority, Ser A-2, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legato Community Authority, Ser A-2, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/26 @ 101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/26 @ 101 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 12/01/51(E) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 12/01/51(E) | 7335 | 5513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mineral Business Improvement District, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mineral Business Improvement District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/29 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/29 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 12/01/54(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 12/01/54(B) | 1250 | 1262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Newlin Crossing Metropolitan District, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Newlin Crossing Metropolitan District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/29 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/29 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 12/01/54(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 12/01/54(B) | 1145 | 1131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Holly, Metropolitan District, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Holly, Metropolitan District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/25/25 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/25/25 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/48 | 1755 | 1758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Range Metropolitan District No. 3, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Range Metropolitan District No. 3, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/25 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/25 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/50 | 3000 | 3001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Poudre Heights Valley Metropolitan District, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Poudre Heights Valley Metropolitan District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/29 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/29 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/54(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/54(B) | 975 | 925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rampart Range Metropolitan District No. 5, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rampart Range Metropolitan District No. 5, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/26 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/26 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/51 | 3725 | 3102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Red Barn Metropolitan District, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Red Barn Metropolitan District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/30 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/30 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/55 | 1800 | 1753 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regional Transportation District, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regional Transportation District, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/40 | 500 | 472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senac South Metropolitan District No. 1, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senac South Metropolitan District No. 1, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/26 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/26 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/51 | 5000 | 4445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southglenn, Metropolitan District, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southglenn, Metropolitan District, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/46 | 1551 | 1441 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 7

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spring Hill, Metropolitan District No. 3, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spring Hill, Metropolitan District No. 3, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/27 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/27 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 12/01/52(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 12/01/52(B) | $500 | $508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sterling Ranch Community Authority Board, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sterling Ranch Community Authority Board, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/29 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/29 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/54 | 1000 | 1026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village at Dry Creek Metropolitan District No. 2, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village at Dry Creek Metropolitan District No. 2, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 12/01/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 12/01/44 | 624 | 591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Water Valley, Metropolitan District No. 02, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Water Valley, Metropolitan District No. 02, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/33 | 250 | 232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westcreek Metropolitan District No. 2, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westcreek Metropolitan District No. 2, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/25/25 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/25/25 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 12/01/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 12/01/48 | 1283 | 1264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wyndham Hill Metropolitan District No. 2, Ser A, GO, BAM  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wyndham Hill Metropolitan District No. 2, Ser A, GO, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/49 | 1500 | 1325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Colorado** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Colorado** |  | 76189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **District of Columbia [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **District of Columbia [0.6%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; District of Columbia, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; District of Columbia, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/15/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/15/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/15/39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/15/39 | 5000 | 4895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Florida [8.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Florida [8.1%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alachua County, Health Facilities Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alachua County, Health Facilities Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 11/15/49(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 11/15/49(C) | 5190 | 3374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trust Agency, Pineapple Cove Classical Academy, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trust Agency, Pineapple Cove Classical Academy, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 07/01/54(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 07/01/54(B) | 1500 | 1395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trust Agency, Pineapple Cove Classical Academy, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trust Agency, Pineapple Cove Classical Academy, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 07/01/39(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 07/01/39(B) | 1500 | 1458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trust Agency, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trust Agency, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/15/41(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/15/41(B) | 1750 | 1486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trust Agency, Renaissance Charter School Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trust Agency, Renaissance Charter School Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/39(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/39(B) | 3610 | 3446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trust Agency, Renaissance Charter School Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Trust Agency, Renaissance Charter School Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/49(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/49(B) | 2750 | 2535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charlotte County, Industrial Development Authority, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charlotte County, Industrial Development Authority, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/49(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/49(B) | 1915 | 1868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charlotte County, Industrial Development Authority, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charlotte County, Industrial Development Authority, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/41(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/41(B) | 905 | 808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Monroe Florida Airport Revenue, Ser 202, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Monroe Florida Airport Revenue, Ser 202, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/52 | 750 | 736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 06/15/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 06/15/47 | 2750 | 2819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/27 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/27 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/01/50(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/01/50(B) | 100 | 96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/28 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/28 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/35(B) | 200 | 202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/15/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/15/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/15/50(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/15/50(B) | 450 | 404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/28 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/28 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/46(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/46(B) | 300 | 244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/15/25 @ 104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/15/25 @ 104 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 07/01/57(A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 07/01/57(A)(B) | 3000 | 3115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/02/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/02/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 07/01/32(A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 07/01/32(A)(B) | 2970 | 3025 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 8

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/01/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/01/29(B) | $1375 | $1426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/29(B) | 3500 | 3548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, Renaissance Charter School Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, Renaissance Charter School Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 06/15/46(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 06/15/46(B) | 4930 | 4934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, Renaissance Charter School Project, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, Renaissance Charter School Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 06/15/44(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 06/15/44(B) | 3000 | 3001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, Renaissance Charter School Project, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida State, Development Finance, Renaissance Charter School Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/15/34(B) | 2110 | 2112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lakewood Ranch, Stewardship District, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lakewood Ranch, Stewardship District, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/33 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/33 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 05/01/43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 05/01/43 | 1000 | 1051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lakewood Ranch, Stewardship District, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lakewood Ranch, Stewardship District, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 05/01/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 05/01/33 | 500 | 522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lakewood Ranch, Stewardship District, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lakewood Ranch, Stewardship District, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/01/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/01/37 | 1810 | 1833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miami-Dade County, Industrial Development Authority, Pinecrest Academy Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miami-Dade County, Industrial Development Authority, Pinecrest Academy Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 09/15/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 09/15/44 | 2500 | 2380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miami-Dade County, Industrial Development Authority, Youth CO-OP Charter Schools Project, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miami-Dade County, Industrial Development Authority, Youth CO-OP Charter Schools Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/15/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/15/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 09/15/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 09/15/35(B) | 1605 | 1608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orange County Health Facilities Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orange County Health Facilities Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/35 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/35 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 10/01/56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 10/01/56 | 5000 | 5219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orange County Health Facilities Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orange County Health Facilities Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/35 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/35 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/56 | 5250 | 5032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palm Beach County Educational Facilities Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palm Beach County Educational Facilities Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/34 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/34 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 10/01/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 10/01/53 | 845 | 834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village Community Development District No. 14, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village Community Development District No. 14, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 05/01/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 05/01/42 | 2440 | 2518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village Community Development District No. 15, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village Community Development District No. 15, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 05/01/55(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 05/01/55(B) | 1000 | 983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village Community Development District No. 15, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village Community Development District No. 15, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 05/01/44(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.550%, 05/01/44(B) | 500 | 491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Florida** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Florida** |  | 64503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Georgia [1.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Georgia [1.5%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlanta, Airport Passenger Facility Charge, Sub-Ser, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlanta, Airport Passenger Facility Charge, Sub-Ser, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/38 | 4000 | 3874 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gainesville & Hall County, Development Authority, Riverside Military Academy, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gainesville & Hall County, Development Authority, Riverside Military Academy, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/47 | 4000 | 2400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Main Street Natural Gas, Ser E, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Main Street Natural Gas, Ser E, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/55(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/55(A) | 5000 | 5288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Georgia** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Georgia** |  | 11562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Idaho [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Idaho [0.3%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Idaho Falls Auditorium District, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Idaho Falls Auditorium District, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/26 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/26 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/15/51(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/15/51(B) | 2250 | 2213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Illinois [9.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Illinois [9.2%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aurora, Tax Increase Revenue, Ser A, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aurora, Tax Increase Revenue, Ser A, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/30/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/30/27 | 400 | 403 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 9

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bridgeview Village, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bridgeview Village, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 12/01/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 12/01/35 | $2000 | $2006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chicago, Board of Education, Ser B, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chicago, Board of Education, Ser B, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 12/01/42(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 12/01/42(B) | 2500 | 2636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chicago, O'Hare International Airport, Ser A, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chicago, O'Hare International Airport, Ser A, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/48 | 6300 | 6315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chicago, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chicago, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/01/38 | 5000 | 5114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, Presence Health Network, Ser C, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, Presence Health Network, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/15/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/15/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/36 | 1935 | 1972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, Presence Health Network, Ser C, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, Presence Health Network, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/15/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/15/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/41 | 1000 | 1014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/15/29 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/15/29 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/15/42 | 1000 | 1072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/15/29 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/15/29 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/15/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 05/15/47 | 1000 | 1060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/30 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/30 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 01/01/48(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 01/01/48(B) | 4180 | 4238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/52 | 830 | 739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/32 | 400 | 339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/33 | 350 | 289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/38 | 230 | 172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/40 | 4250 | 3871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/33 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/33 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 09/01/42(A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 09/01/42(A)(B) | 1500 | 1718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/03/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/03/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 09/01/52(A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 09/01/52(A)(B) | 1500 | 1650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/28 @ 101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/28 @ 101 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/38(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/38(B) | 2130 | 2124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/38 | 1010 | 1011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/26 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/26 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/49 | 2000 | 1340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, Ser S, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, Ser S, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/37 | 2425 | 2305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, Wesleyan University, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Finance Authority, Wesleyan University, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/41 | 5140 | 4575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Housing Development Authority, Stonebridge Gurnee Project, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illinois State, Housing Development Authority, Stonebridge Gurnee Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 01/01/56(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 01/01/56(B) | 5970 | 5814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morton Grove, Tax Increment Revenue, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morton Grove, Tax Increment Revenue, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/39 | 2000 | 1884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morton Grove, Tax Increment Revenue, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morton Grove, Tax Increment Revenue, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 01/01/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 01/01/29 | 535 | 522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southwestern Illinois, Development Authority, Collinsville Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southwestern Illinois, Development Authority, Collinsville Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 03/01/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.350%, 03/01/31 | 75 | 55 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 10

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upper Illinois River Valley Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upper Illinois River Valley Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/48 | $2000 | $1924 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village of Bolingbrook, Special Service Area No. 1, SPL Tax  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village of Bolingbrook, Special Service Area No. 1, SPL Tax  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/01/41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/01/41 | 4500 | 4512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village of Gilberts, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village of Gilberts, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/20/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/20/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/34 | 1731 | 1662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village of Hodgkins, Redevelopment Project Area #4, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village of Hodgkins, Redevelopment Project Area #4, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/01/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/01/37 | 4285 | 4237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village of Lincolnwood Il, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village of Lincolnwood Il, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/10/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/10/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.820%, 01/01/41(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.820%, 01/01/41(B) | 415 | 404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village of Lincolnwood Il, Ser B, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village of Lincolnwood Il, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/29/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/29/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 12/01/43(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 12/01/43(B) | 700 | 705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village of Matteson Illinois, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village of Matteson Illinois, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/35 | 750 | 771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village of Villa Park Illinois, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village of Villa Park Illinois, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/31/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/31/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 12/31/38(E) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 12/31/38(E) | 1680 | 1375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Illinois** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Illinois** |  | 69828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Indiana [2.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Indiana [2.6%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anderson Indiana, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anderson Indiana, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/27 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/27 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 01/01/40(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 01/01/40(B) | 2745 | 2441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indiana Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indiana Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/51 | 5000 | 5033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indiana State, Finance Authority, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indiana State, Finance Authority, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/01/39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/01/39 | 1750 | 1968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indiana State, Housing & Community Development Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indiana State, Housing & Community Development Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/29 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/29 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 04/01/41(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 04/01/41(B) | 5750 | 4962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indianapolis Local Public Improvement Bond Bank, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indianapolis Local Public Improvement Bond Bank, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/33 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/33 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/53 | 600 | 633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lafayette City, Finance Authority, Glasswater Creek Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lafayette City, Finance Authority, Glasswater Creek Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/26 @ 101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/26 @ 101 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 01/01/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.800%, 01/01/37 | 3310 | 3220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terre Haute, Westminster Village Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terre Haute, Westminster Village Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 08/01/39 | 2355 | 1925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Indiana** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Indiana** |  | 20182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Iowa [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Iowa [0.3%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iowa State, Finance Authority, Child Serve Project, Ser B, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iowa State, Finance Authority, Child Serve Project, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/36 | 2000 | 1995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Kansas [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Kansas [0.7%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; University of Kansas Hospital Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; University of Kansas Hospital Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/27(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/27(D) | 1330 | 1357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wyandotte County, Kansas City Unified Government, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wyandotte County, Kansas City Unified Government, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 09/01/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 09/01/32 | 4080 | 3793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Kansas** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Kansas** |  | 5150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Kentucky [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Kentucky [0.5%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kentucky State, Economic Development Finance Authority, Masonic Home Independent Living, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kentucky State, Economic Development Finance Authority, Masonic Home Independent Living, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/46 | 4500 | 3631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Louisiana [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Louisiana [0.0%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisiana State, Public Facilities Authority, Pellets Project, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisiana State, Public Facilities Authority, Pellets Project, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 07/01/39(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 07/01/39(C) | 1435 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisiana State, Public Facilities Authority, Pellets Project, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisiana State, Public Facilities Authority, Pellets Project, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 07/01/24(B) (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 07/01/24(B) (C) | 1319 |  |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 11

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisiana State, Public Facilities Authority, Pellets Project, Ser A, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisiana State, Public Facilities Authority, Pellets Project, Ser A, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 07/01/39(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 07/01/39(C) | $3474 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Louisiana** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Louisiana** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Maryland [2.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Maryland [2.5%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baltimore, Harbor Point Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baltimore, Harbor Point Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/36 | 1000 | 1002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baltimore, Sub-Ser, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baltimore, Sub-Ser, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/51 | 800 | 785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brunswick, SPL Tax  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brunswick, SPL Tax  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/36 | 1550 | 1563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brunswick, SPL Tax  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brunswick, SPL Tax  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/29 | 945 | 930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Howard County, Downtown Columbia Project, Ser A, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Howard County, Downtown Columbia Project, Ser A, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/15/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/15/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/47(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/47(B) | 1250 | 1145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Howard County, Downtown Columbia Project, Ser A, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Howard County, Downtown Columbia Project, Ser A, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/15/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/15/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 02/15/39(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 02/15/39(B) | 1000 | 950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland Economic Development, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland Economic Development, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/27/30 @ 105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/27/30 @ 105 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/48(A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/48(A)(B) | 1000 | 1010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland State, Economic Development, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland State, Economic Development, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/40 | 875 | 794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland State, Economic Development, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maryland State, Economic Development, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/50 | 875 | 723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prince George's County, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prince George's County, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/01/48(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/01/48(B) | 2000 | 2014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prince George's County, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prince George's County, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 07/01/39(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 07/01/39(B) | 1000 | 1003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Maryland Department of Transportation, RB, AGC, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Maryland Department of Transportation, RB, AGC, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/34 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/34 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/01/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/01/54 | 4000 | 4157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westminster, Luther Village Millers Grant Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westminster, Luther Village Millers Grant Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/01/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/01/44 | 1780 | 1780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westminster, Luther Village Millers Grant Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westminster, Luther Village Millers Grant Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 07/01/39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 07/01/39 | 750 | 750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westminster, Luther Village Millers Grant Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westminster, Luther Village Millers Grant Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/34 | 1205 | 1206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Maryland** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Maryland** |  | 19812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Massachusetts [1.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Massachusetts [1.1%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts State, Development Finance Agency, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts State, Development Finance Agency, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/51(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/51(B) | 3500 | 2974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts State, Development Finance Agency, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts State, Development Finance Agency, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/56(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/56(B) | 910 | 758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts State, Development Finance Agency, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Massachusetts State, Development Finance Agency, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/43 | 4905 | 4678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Massachusetts** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Massachusetts** |  | 8410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Michigan [2.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Michigan [2.1%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Detroit City, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Detroit City, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/38 | 625 | 637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kalamazoo Economic Development, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kalamazoo Economic Development, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/26 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/26 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/37 | 2450 | 2452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kalamazoo Economic Development, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kalamazoo Economic Development, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/26 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/26 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/42 | 1300 | 1260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kalamazoo Economic Development, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kalamazoo Economic Development, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/28 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/28 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/51(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/51(B) | 1505 | 1244 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 12

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan State, Finance Authority, Old Redford School Project, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan State, Finance Authority, Old Redford School Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/40 | $3745 | $3685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan State, Public Educational Facilities Authority, Old Redford Project, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan State, Public Educational Facilities Authority, Old Redford Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 12/01/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 12/01/30 | 1585 | 1577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan State, Strategic Fund, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan State, Strategic Fund, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/28 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/28 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/41(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/41(B) | 895 | 798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan State, Trunk Line Revenue, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan State, Trunk Line Revenue, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/15/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/15/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/39 | 5000 | 5004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Michigan** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Michigan** |  | 16657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Minnesota [1.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Minnesota [1.2%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anoka, Housing Revenue Authority, Homestead Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anoka, Housing Revenue Authority, Homestead Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/01/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/01/35 | 3000 | 2845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bethel, Senior Housing Revenue, Lodge at Lakes at Stillwater Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bethel, Senior Housing Revenue, Lodge at Lakes at Stillwater Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 101 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/01/58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/01/58 | 2840 | 2476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minneapolis State, Riverton Community Housing Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minneapolis State, Riverton Community Housing Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/53 | 500 | 472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minneapolis State, Riverton Community Housing Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minneapolis State, Riverton Community Housing Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 08/01/43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 08/01/43 | 1600 | 1487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minneapolis-St. Paul, Metropolitan Airports Commission, Sub-Ser, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minneapolis-St. Paul, Metropolitan Airports Commission, Sub-Ser, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/34 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/34 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 01/01/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 01/01/49 | 1500 | 1551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Minnesota** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Minnesota** |  | 8831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Missouri [2.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Missouri [2.4%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hanley, Transportation Development, Eager Road Transportation Development District, Ser A, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hanley, Transportation Development, Eager Road Transportation Development District, Ser A, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/42 | 985 | 810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hanley, Transportation Development, Eager Road Transportation Development District, Ser A, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hanley, Transportation Development, Eager Road Transportation Development District, Ser A, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/01/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/01/33 | 495 | 441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hanley, Transportation Development, Eager Road Transportation Development District, Ser A, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hanley, Transportation Development, Eager Road Transportation Development District, Ser A, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 03/01/26 | 85 | 84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kansas City, Industrial Development Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kansas City, Industrial Development Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/36(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/36(B) | 2000 | 1934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kirkwood, Industrial Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kirkwood, Industrial Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 05/15/30 | 2515 | 2505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lees Summit, Industrial Development Authority, John Knox Village, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lees Summit, Industrial Development Authority, John Knox Village, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/25/25 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/25/25 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/46 | 2000 | 1814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lees Summit, Industrial Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lees Summit, Industrial Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/25 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/25 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/42 | 2400 | 2269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Louis, Industrial Development Authority, Innovation District Project, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Louis, Industrial Development Authority, Innovation District Project, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/15/36 | 2065 | 1964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Louis, Industrial Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Louis, Industrial Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/25 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/25 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 09/01/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 09/01/53 | 2000 | 1981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Louis, Industrial Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Louis, Industrial Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/41 | 3250 | 3244 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 13

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; University City, Industrial Development Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; University City, Industrial Development Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/33 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/33 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/15/36 | $1710 | $1709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Missouri** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Missouri** |  | 18755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Nevada [1.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Nevada [1.8%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Henderson Local Improvement Districts, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Henderson Local Improvement Districts, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/33 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/33 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/43 | 925 | 898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Henderson Local Improvement Districts, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Henderson Local Improvement Districts, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/51 | 240 | 197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Henderson Local Improvement Districts, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Henderson Local Improvement Districts, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 09/01/45 | 690 | 545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 611, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 611, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 06/01/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 06/01/50 | 845 | 710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 612 Skye Hills, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 612 Skye Hills, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 06/01/35 | 190 | 170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 613, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 613, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/34 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/34 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/53 | 500 | 503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 613, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 613, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/34 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/34 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/47 | 500 | 497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 613, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 613, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/34 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/34 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/39 | 375 | 376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 812, Special Improvement District No. 812, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 812, Special Improvement District No. 812, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/35 | 845 | 850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 814, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 814, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/44 | 680 | 587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 815, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 815, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 12/01/40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 12/01/40 | 715 | 698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 816, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 816, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 06/01/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 06/01/51 | 1055 | 723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 816, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 816, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 06/01/41 | 945 | 716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 817 Summerlin Village 29, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 817 Summerlin Village 29, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/33 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/33 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/48 | 250 | 263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 818, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Las Vegas, Special Improvement District No. 818, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/34 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/34 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/54 | 700 | 677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nevada State, Department of Business & Industry, Green-Fulcrum Sierra Biofuels, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nevada State, Department of Business & Industry, Green-Fulcrum Sierra Biofuels, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/15/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/15/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 12/15/37(B) (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 12/15/37(B) (C) | 79 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nevada State, Department of Business & Industry, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nevada State, Department of Business & Industry, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/15/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/15/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/38(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/38(B) | 1000 | 1001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nevada State, Department of Business & Industry, Sumerset Academy, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nevada State, Department of Business & Industry, Sumerset Academy, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/15/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/15/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/35(B) | 1595 | 1598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reno Nevada, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reno Nevada, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/35 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/35 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/01/54(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/01/54(B) | 850 | 821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reno Nevada, Sub-Ser, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reno Nevada, Sub-Ser, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/38 @ 31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/38 @ 31 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 07/01/58(B)(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 07/01/58(B)(F) | 13500 | 1905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Nevada** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Nevada** |  | 13735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **New Hampshire [0.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **New Hampshire [0.8%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hampshire, Business Finance Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hampshire, Business Finance Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 07/01/54(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 07/01/54(B) | 1250 | 1210 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 14

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hampshire, Business Finance Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hampshire, Business Finance Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/01/46(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/01/46(B) | $500 | $490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hampshire, Business Finance Authority, Ser B, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hampshire, Business Finance Authority, Ser B, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 07/01/45(A)(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 07/01/45(A)(B) | 5615 | 4746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total New Hampshire** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total New Hampshire** |  | 6446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **New Jersey [2.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **New Jersey [2.3%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Economic Development Authority, Continental Airlines Project, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Economic Development Authority, Continental Airlines Project, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 09/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 09/15/29 | 645 | 646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Economic Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Economic Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/28(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/28(D) | 370 | 397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Economic Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Economic Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/37 | 1100 | 1072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Economic Development Authority, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Economic Development Authority, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 11/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 11/15/30 | 1000 | 1001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Economic Development Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Economic Development Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/15/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/15/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/42 | 1155 | 1167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Economic Development Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Economic Development Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/15/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/15/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/47 | 1230 | 1235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Transportation Trust Fund Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Transportation Trust Fund Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/28(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/28(D) | 355 | 382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Transportation Trust Fund Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Transportation Trust Fund Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/15/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/15/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/46 | 645 | 652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Transportation Trust Fund Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Transportation Trust Fund Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/15/28(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/15/28(D) | 1410 | 1495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Transportation Trust Fund Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Transportation Trust Fund Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/15/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/15/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/15/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/15/49 | 2605 | 2520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Transportation Trust Fund Authority, Ser AA, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Transportation Trust Fund Authority, Ser AA, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/15/41 | 4245 | 4249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Transportation Trust Fund Authority, Ser BB, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Jersey State, Transportation Trust Fund Authority, Ser BB, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/15/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/15/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/15/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/15/37 | 3500 | 3408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total New Jersey** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total New Jersey** |  | 18224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **New Mexico [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **New Mexico [0.3%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lower Petroglyphs, Public Improvement District, SPL Tax  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lower Petroglyphs, Public Improvement District, SPL Tax  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/33 | 500 | 489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lower Petroglyphs, Public Improvement District, SPL Tax  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lower Petroglyphs, Public Improvement District, SPL Tax  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/38 | 500 | 486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lower Petroglyphs, Public Improvement District, SPL Tax  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lower Petroglyphs, Public Improvement District, SPL Tax  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/48 | 1750 | 1681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total New Mexico** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total New Mexico** |  | 2656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **New York [5.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **New York [5.8%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority, Ser A-1, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority, Ser A-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/49 | 3000 | 2654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority, Ser C-1, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority, Ser C-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/15/45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 11/15/45 | 2000 | 2006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority, Ser D1, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority, Ser D1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/15/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/15/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/44 | 2450 | 2500 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 15

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nassau County, Industrial Development Agency, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nassau County, Industrial Development Agency, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/26 @ 107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/26 @ 107 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/58(A) (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/58(A) (C) | $4358 | $400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Housing Development, RB, Housing Urban Development Section 8  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Housing Development, RB, Housing Urban Development Section 8  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 02/01/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.800%, 02/01/53 | 1000 | 1000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Housing Development, RB, Housing Urban Development Section 8  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Housing Development, RB, Housing Urban Development Section 8  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 08/01/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.600%, 08/01/48 | 3000 | 2953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Housing Development, RB, Housing Urban Development Section 8  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Housing Development, RB, Housing Urban Development Section 8  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 08/01/43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 08/01/43 | 2000 | 1969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State, Dormitory Authority, Ser B, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State, Dormitory Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/15/35 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/15/35 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/15/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/15/51 | 5000 | 5215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State, Liberty Development, Bank of America Tower, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State, Liberty Development, Bank of America Tower, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/15/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/15/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 09/15/69 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.800%, 09/15/69 | 1000 | 916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State, Transportation Development, American Airlines, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State, Transportation Development, American Airlines, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/25/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/25/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/26 | 1045 | 1045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State, Transportation Development, Delta Airlines, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State, Transportation Development, Delta Airlines, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 04/01/35 | 1500 | 1648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State, Transportation Development, Delta Airlines, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State, Transportation Development, Delta Airlines, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/36 | 5000 | 5085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State, Transportation Development, Delta Airlines, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State, Transportation Development, Delta Airlines, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/40 | 800 | 813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State, Transportation Development, JFK International Airport, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State, Transportation Development, JFK International Airport, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/30/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/30/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/30/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/30/54 | 2000 | 2126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State, Transportation Development, JFK International Airport, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State, Transportation Development, JFK International Airport, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/01/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/01/31 | 1410 | 1460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oneida Indian Nation of New York, Ser B, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oneida Indian Nation of New York, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/31 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/31 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/43(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 09/01/43(B) | 1000 | 1079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onondaga Civic Development, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Onondaga Civic Development, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/34 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/34 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 08/01/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 08/01/54 | 1250 | 1112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey, Ser 221, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey, Ser 221, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/15/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/15/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/50 | 2000 | 1759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Suffolk Regional Off-Track Betting, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Suffolk Regional Off-Track Betting, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 12/01/53 | 1000 | 1027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westchester, Tobacco Asset Securitization, Ser B, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westchester, Tobacco Asset Securitization, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/41 | 2485 | 2495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westchester, Tobacco Asset Securitization, Sub-Ser C, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Westchester, Tobacco Asset Securitization, Sub-Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/01/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/01/51 | 7000 | 6088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total New York** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total New York** |  | 45350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **North Carolina [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **North Carolina [0.0%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina State, Medical Care Commission, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Carolina State, Medical Care Commission, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/50 | 250 | 202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **North Dakota [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **North Dakota [0.1%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Burleigh County, Educational Facilities Revenue, Education Facilities, University of Mary Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Burleigh County, Educational Facilities Revenue, Education Facilities, University of Mary Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/15/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/15/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 04/15/46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.200%, 04/15/46 | 1100 | 1043 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 16

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Grand Forks North Dakota, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Grand Forks North Dakota, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/26 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/26 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 12/15/43(B) (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 12/15/43(B) (C) | $5000 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total North Dakota** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total North Dakota** |  | 1043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Ohio [1.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Ohio [1.5%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buckeye Tobacco Settlement, Financing Authority, Ser A-2-Class, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buckeye Tobacco Settlement, Financing Authority, Ser A-2-Class, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/48 | 3500 | 3031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buckeye Tobacco Settlement, Financing Authority, Ser B-2, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buckeye Tobacco Settlement, Financing Authority, Ser B-2, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/55 | 2000 | 1763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Cuyahoga Ohio, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Cuyahoga Ohio, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/15/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/15/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/57 | 3000 | 2841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Hamilton Ohio, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; County of Hamilton Ohio, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/30 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/30 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/01/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/01/53 | 500 | 515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Muskingum County, Hospital Facilities Authority, Genesis Healthcare Systems Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Muskingum County, Hospital Facilities Authority, Genesis Healthcare Systems Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/48 | 250 | 244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ohio State, Air Quality Development Authority, Pratt Paper Project, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ohio State, Air Quality Development Authority, Pratt Paper Project, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/15/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/15/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 01/15/38(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 01/15/38(B) | 3555 | 3459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Ohio** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Ohio** |  | 11853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oklahoma [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oklahoma [0.4%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma County, Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma County, Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 12/01/47 | 718 | 40 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma County, Finance Authority, Ser B, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma County, Finance Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/30 @ 104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/30 @ 104 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 12/01/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 12/01/47 | 3490 | 2632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma State, Development Finance Authority, Ser B, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma State, Development Finance Authority, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/15/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/15/48 | 1000 | 1009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payne County, Economic Development Authority, Epworth Living at the Ranch, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payne County, Economic Development Authority, Epworth Living at the Ranch, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 11/01/46(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 11/01/46(C) | 3843 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payne County, Economic Development Authority, Epworth Living at the Ranch, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payne County, Economic Development Authority, Epworth Living at the Ranch, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 11/01/36(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 11/01/36(C) | 1664 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Oklahoma** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Oklahoma** |  | 3700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oregon [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oregon [0.6%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clackamas County, Hospital Facility Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clackamas County, Hospital Facility Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/15/25 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/15/25 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 11/15/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 11/15/55 | 875 | 851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hospital Facilities Authority of Multnomah County Oregon, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hospital Facilities Authority of Multnomah County Oregon, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/28 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/28 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/36 | 1180 | 1068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hospital Facilities Authority of Multnomah County Oregon, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hospital Facilities Authority of Multnomah County Oregon, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/28 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/28 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 12/01/51 | 2000 | 1504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Portland Oregon Airport Revenue, Ser 28, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Portland Oregon Airport Revenue, Ser 28, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/47 | 2000 | 1768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Oregon** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Oregon** |  | 5191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pennsylvania [2.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pennsylvania [2.6%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allegheny County, Airport Authority, Ser A, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allegheny County, Airport Authority, Ser A, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/56 | 2000 | 2000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allentown, Neighborhood Improvement Zone Development Authority, City Center Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allentown, Neighborhood Improvement Zone Development Authority, City Center Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/42(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/42(B) | 1750 | 1704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allentown, Neighborhood Improvement Zone Development Authority, Sub-Ser, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allentown, Neighborhood Improvement Zone Development Authority, Sub-Ser, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 05/01/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 05/01/32(B) | 1500 | 1512 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 17

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Berks County Municipal Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Berks County Municipal Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/25/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/25/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/30/39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/30/39 | $4778 | $4625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Berks County Municipal Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Berks County Municipal Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/25/25 @ 87 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/25/25 @ 87 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 11/15/29(E) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 11/15/29(E) | 2387 | 1758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chester County, Health and Education Facilities Authority, Ser S, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chester County, Health and Education Facilities Authority, Ser S, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/45 | 1400 | 1125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chester County, Industrial Development Authority, Woodlands at Graystone Project, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chester County, Industrial Development Authority, Woodlands at Graystone Project, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 03/01/48(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 03/01/48(B) | 600 | 563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dauphin County, General Authority, Harrisburg University of Science and Technology Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dauphin County, General Authority, Harrisburg University of Science and Technology Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/15/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/15/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 10/15/41(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 10/15/41(B) | 1135 | 827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dauphin County, General Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dauphin County, General Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/15/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/15/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/15/34(B) | 3110 | 2557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin County, Industrial Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin County, Industrial Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/25 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/25 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/49 | 780 | 700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin County, Industrial Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin County, Industrial Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/25 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/01/25 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/54 | 1000 | 876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania State, Economic Development Financing Authority, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania State, Economic Development Financing Authority, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/31/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 12/31/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 06/30/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 06/30/48 | 625 | 659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington County, Redevelopment Authority, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington County, Redevelopment Authority, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/35 | 1235 | 1216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Pennsylvania** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Pennsylvania** |  | 20122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Rhode Island [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Rhode Island [0.4%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rhode Island State, Tobacco Settlement Financing, Ser B, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rhode Island State, Tobacco Settlement Financing, Ser B, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/20/25 @ 19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/20/25 @ 19 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 06/01/52(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 06/01/52(F) | 21270 | 3386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **South Carolina [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **South Carolina [0.2%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Berkeley County, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Berkeley County, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/01/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/01/49 | 1000 | 872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Berkeley County, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Berkeley County, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/30 | 425 | 411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total South Carolina** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total South Carolina** |  | 1283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Tennessee [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Tennessee [0.7%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd, Ser S, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd, Ser S, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/25 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/01/25 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/01/45 | 5000 | 4184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nashville, Metropolitan Development & Housing Agency, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nashville, Metropolitan Development & Housing Agency, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/01/36(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/01/36(B) | 900 | 908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nashville, Metropolitan Development & Housing Agency, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nashville, Metropolitan Development & Housing Agency, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/28(B) | 400 | 403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Tennessee** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Tennessee** |  | 5495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Texas [10.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Texas [10.3%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington, Higher Education Finance, RB, PSF-GTD  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington, Higher Education Finance, RB, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/34 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/34 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/15/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/15/54 | 1000 | 913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington, Higher Education Finance, Universal Academy Project, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington, Higher Education Finance, Universal Academy Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 03/01/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 03/01/44 | 2300 | 2300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington, Higher Education Finance, Universal Academy Project, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arlington, Higher Education Finance, Universal Academy Project, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 03/01/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 03/01/34 | 400 | 400 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 18

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celina, Cambridge Crossing Public Improvement Project, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celina, Cambridge Crossing Public Improvement Project, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 09/01/47(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 09/01/47(B) | $500 | $495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celina, Cambridge Crossing Public Improvement Project, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celina, Cambridge Crossing Public Improvement Project, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 09/01/38(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 09/01/38(B) | 1500 | 1498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clifton, Higher Education Finance, International Leadership Project, Ser D, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clifton, Higher Education Finance, International Leadership Project, Ser D, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 08/15/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 08/15/48 | 4245 | 4261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gulf Coast Authority, Ser B, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gulf Coast Authority, Ser B, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 05/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 05/01/28 | 1000 | 916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Horizon Regional Municipal Utility District, GO, BAM  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Horizon Regional Municipal Utility District, GO, BAM  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/54 | 1000 | 904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Houston, Airport System Revenue, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Houston, Airport System Revenue, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/41 | 2500 | 2311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Houston, Airport System Revenue, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Houston, Airport System Revenue, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/15/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/15/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/41 | 2530 | 2339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Houston, Airport System Revenue, Ser B-1, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Houston, Airport System Revenue, Ser B-1, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/15/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/15/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/15/35 | 3000 | 3000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lago Vista Texas, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lago Vista Texas, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 09/01/50(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 09/01/50(B) | 275 | 250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Matagorda County Navigation District No. 1, RB, AMBAC, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Matagorda County Navigation District No. 1, RB, AMBAC, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 11/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 11/01/28 | 1500 | 1558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/32 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/32 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/01/60 | 1125 | 1129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope, Cultural Education Facilities Finance, Carillon LifeCare Community Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope, Cultural Education Facilities Finance, Carillon LifeCare Community Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/36 | 3410 | 3412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope, Cultural Education Facilities Finance, Carillon LifeCare Community Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope, Cultural Education Facilities Finance, Carillon LifeCare Community Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/46 | 1250 | 1152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope, Cultural Education Facilities Finance, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope, Cultural Education Facilities Finance, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 11/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 11/15/36 | 3385 | 2776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope, Cultural Education Facilities Finance, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope, Cultural Education Facilities Finance, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 11/15/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 11/15/37 | 545 | 432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope, Cultural Education Facilities Finance, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope, Cultural Education Facilities Finance, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/15/51(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/15/51(B) | 4385 | 3533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope, Cultural Education Facilities Finance, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope, Cultural Education Facilities Finance, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/15/26 @ 105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 11/15/26 @ 105 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/15/61(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 11/15/61(A) | 14451 | 5263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope, Cultural Education Facilities Finance, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Hope, Cultural Education Facilities Finance, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/40(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/40(B) | 4750 | 4423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Newark Higher Education Finance, Ser A, RB, PSF-GTD  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Newark Higher Education Finance, Ser A, RB, PSF-GTD  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/34 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/34 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 08/15/59 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 08/15/59 | 1000 | 964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Newark, Higher Education Finance, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Newark, Higher Education Finance, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 08/15/45(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 08/15/45(B) | 1700 | 1703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Newark, Higher Education Finance, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Newark, Higher Education Finance, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/15/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/15/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/15/35(B) | 900 | 903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Texas, Tollway Authority, Convertible Capital Appreciation Project, Ser C, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Texas, Tollway Authority, Convertible Capital Appreciation Project, Ser C, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 09/01/31(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 09/01/31(D) | 5000 | 5953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 07/01/26(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 07/01/26(B) | 3000 | 3081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/32 @ 104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/32 @ 104 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 01/01/54(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 01/01/54(B) | 250 | 252 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 19

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 01/01/41(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 01/01/41(B) | $250 | $193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Port of Beaumont Navigation District, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 01/01/36(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750%, 01/01/36(B) | 1000 | 826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sanger, Industrial Development Authority, Texas Pellets Project, Ser B, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sanger, Industrial Development Authority, Texas Pellets Project, Ser B, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 07/01/38(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 07/01/38(C) | 4950 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/52 | 3750 | 3751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tarrant County, Cultural Education Facilities Finance, Northwest Senior Housing Edgemere Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tarrant County, Cultural Education Facilities Finance, Northwest Senior Housing Edgemere Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/15/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 11/15/47(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 11/15/47(C) | 2983 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tarrant County, Cultural Education Facilities Finance, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tarrant County, Cultural Education Facilities Finance, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/15/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/15/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 02/15/52(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 02/15/52(C) | 9000 | 4950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Temple, Ser A-REV, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Temple, Ser A-REV, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/38 | 2000 | 2000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas State, Department of Housing & Community Affairs, Ser A, RB, GNMA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas State, Department of Housing & Community Affairs, Ser A, RB, GNMA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/27 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/27 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 09/01/43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 09/01/43 | 1880 | 1782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas State, Private Activity Bond Surface Transportation, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas State, Private Activity Bond Surface Transportation, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/30/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/30/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/30/58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/30/58 | 5000 | 4955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas State, Transportation Commission, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas State, Transportation Commission, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/01/29 @ 73 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/01/29 @ 73 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 08/01/36(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 08/01/36(F) | 1000 | 607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas Water Development Board, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas Water Development Board, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/15/34 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/15/34 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 10/15/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 10/15/54 | 5000 | 4877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Texas** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Texas** |  | 80062 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utah [1.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utah [1.0%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Downtown East Streetcar Sewer Public Infrastructure District, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Downtown East Streetcar Sewer Public Infrastructure District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/27 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/27 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/53(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/53(B) | 2000 | 1988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Downtown East Streetcar Sewer Public Infrastructure District, Ser A, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Downtown East Streetcar Sewer Public Infrastructure District, Ser A, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/27 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/27 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/01/42(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/01/42(B) | 500 | 498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Salt Lake City Utah Airport Revenue, Ser A, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Salt Lake City Utah Airport Revenue, Ser A, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/33 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/33 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/01/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/01/48 | 750 | 775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Salt Lake City Utah Airport Revenue, Ser A, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Salt Lake City Utah Airport Revenue, Ser A, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/51 | 2000 | 2006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utah Charter School Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utah Charter School Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/28 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/28 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/55(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/15/55(B) | 1750 | 1623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wood Ranch Public Infrastructure District, SPA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wood Ranch Public Infrastructure District, SPA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/29 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/29 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 12/01/53(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 12/01/53(B) | 1000 | 1003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utah** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utah** |  | 7893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Virginia [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Virginia [0.7%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virginia Beach Development Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virginia Beach Development Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/30 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/30 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 09/01/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 09/01/53 | 3000 | 3363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; West Falls Community Development Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; West Falls Community Development Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 09/01/52(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 09/01/52(B) | 2125 | 2154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Virginia** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Virginia** |  | 5517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Washington [1.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Washington [1.1%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kalispel Tribe of Indians, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kalispel Tribe of Indians, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 01/01/38(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 01/01/38(B) | 400 | 407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington State, Health Care Facilities Authority, Ser A-, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington State, Health Care Facilities Authority, Ser A-, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 08/01/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/44 | 2715 | 2495 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 20

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington State, Housing Finance Commission, Judson Park Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington State, Housing Finance Commission, Judson Park Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/48(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/48(B) | $1650 | $1481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington State, Housing Finance Commission, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Washington State, Housing Finance Commission, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/26 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/26 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/55(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/55(B) | 4000 | 3570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Washington** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Washington** |  | 7953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **West Virginia [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **West Virginia [0.3%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Charleston West Virginia, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Charleston West Virginia, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 06/01/42(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 06/01/42(B) | 2620 | 2104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Wisconsin [8.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Wisconsin [8.4%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hartford, Public Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hartford, Public Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/38(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/38(B) | 1580 | 1543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pine Lake, Public Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pine Lake, Public Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/20/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/20/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/45(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/45(B) | 3460 | 3461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pine Lake, Public Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pine Lake, Public Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/20/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/20/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/01/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/01/35(B) | 1250 | 1250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/32 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/32 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/15/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/15/55 | 1250 | 1258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/32 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/32 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/15/65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/15/65 | 1000 | 958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/30(B) (D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/30(B) (D) | 100 | 108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/40(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/40(B) | 1175 | 1170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 04/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/50(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/50(B) | 1575 | 1499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/01/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/01/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/62 | 2500 | 2436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/32(B) (D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/32(B) (D) | 50 | 52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-Refunded @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/32(B) (D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/32(B) (D) | 60 | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/29 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/29 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/51 | 1750 | 1405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/27 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/27 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/56(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/56(B) | 3000 | 2321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/30/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/30/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/30/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/30/51 | 600 | 493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB, AMT  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, RB, AMT  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/30/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/30/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/31/56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/31/56 | 3290 | 2640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/32 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/32 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/52 | 5000 | 5116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, TA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Finance Authority, TA  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/29 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/29 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/41(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/41(B) | 500 | 508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; University of Wisconsin Hospitals & Clinics, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; University of Wisconsin Hospitals & Clinics, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/31 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/31 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/51 | 2995 | 2749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Health & Educational Facilities Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Health & Educational Facilities Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/32 @ 102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 10/01/32 @ 102 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/01/44 | 1300 | 1342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Health & Educational Facilities Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Health & Educational Facilities Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/27 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/27 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/47 | 540 | 454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Health & Educational Facilities Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Health & Educational Facilities Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/27 @ 103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 01/01/27 @ 103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/57 | 2400 | 1877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Health & Educational Facilities Authority, Woodland Hill Senior Housing Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Health & Educational Facilities Authority, Woodland Hill Senior Housing Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/49 | 4000 | 3550 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 21

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000) | Face Amount (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, Bancroft Neurohealth Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, Bancroft Neurohealth Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/36(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/36(B) | $4625 | $4636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, Bancroft Neurohealth Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, Bancroft Neurohealth Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/01/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/01/36(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/01/36(B) | 3300 | 3215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, Coral Academy Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, Coral Academy Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/01/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/01/44 | 3500 | 3502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, Coral Academy Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, Coral Academy Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 07/01/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 07/01/34 | 2000 | 2002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, Cornerstone Christian Project, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, Cornerstone Christian Project, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/01/26 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 02/01/26 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/36(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/36(B) | 3000 | 3012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/01/45(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/01/45(B) | 1665 | 1567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/30 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 03/01/30 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/01/55(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 03/01/55(B) | 835 | 751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, Roseman University Health Sciences, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, Roseman University Health Sciences, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 04/01/45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 04/01/45 | 3000 | 3002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/15/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/15/35(B) | 3000 | 3007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wisconsin State, Public Finance Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 06/15/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/15/45(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/15/45(B) | 4280 | 4284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Wisconsin** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Wisconsin** |  | 65230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **American Samoa [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **American Samoa [0.4%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Samoa, Economic Development Authority, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Samoa, Economic Development Authority, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 09/01/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 09/01/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 09/01/35 | 3000 | 3031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Puerto Rico [3.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Puerto Rico [3.8%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Children's Trust Fund, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Children's Trust Fund, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 05/15/43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 05/15/43 | 2000 | 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Children's Trust Fund, Ser A, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Children's Trust Fund, Ser A, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 05/05/25 @ 9 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 05/15/57(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 05/15/57(F) | 25000 | 1563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commonwealth of Puerto Rico, Sub-Ser Senior, GO  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commonwealth of Puerto Rico, Sub-Ser Senior, GO  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 11/01/51(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 11/01/51(A) | 6130 | 3808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-1, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/58 | 5167 | 5088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-1, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 07/01/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 07/01/53 | 876 | 842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-1, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-1, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/25 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 07/01/34 | 10005 | 9941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.784%, 07/01/58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.784%, 07/01/58 | 5771 | 5493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2, RB  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2, RB  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Callable 07/01/28 @ 100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.536%, 07/01/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.536%, 07/01/53 | 31 | 29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Puerto Rico** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Puerto Rico** |  | 28789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Municipal Bonds** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Municipal Bonds** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $805,597) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $805,597) |  | 763281 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 22

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Municipal High Income Fund *(concluded)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Shares | Value (000) |
|  **Short-Term Investment [1.2%]** | **Short-Term Investment [1.2%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SEI Daily Income Trust Government Fund, Cl Institutional, 4.260%\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SEI Daily Income Trust Government Fund, Cl Institutional, 4.260%\*\* | 9541349 | $9541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investment** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $9,541) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $9,541) |  | 9541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [99.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [99.6%]** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $815,138) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $815,138) |  | $772822 |

---

Percentages are based on net assets of $776,290 (000).

\*\* The rate reported is the 7-day effective yield as of March 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(A) Variable or floating rate security.
 The rate shown is the effective interest rate as of period end. The rates for certain securities are not based on published reference
 rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the
 rates of underlying loans; or by adjusting periodically based on prevailing interest rates.

&nbsp;&nbsp;&nbsp;&nbsp;(B) Security exempt from registration
 under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified
 institutions. On March 31, 2025, the value of these securities amounted to $243,616 (000), representing 31.4% of the net assets of the
 Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(C) In default on interest payments.
 Rate shown represents the last coupon rate prior to default.

&nbsp;&nbsp;&nbsp;&nbsp;(D) Pre-Refunded Security —
 The maturity date shown is the pre-refunded date.

&nbsp;&nbsp;&nbsp;&nbsp;(E) Step coupon security. Coupon
 rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects
 the rate currently in effect.

&nbsp;&nbsp;&nbsp;&nbsp;(F) Zero coupon security.

AGC — American Guarantee Corporation

AGM — Assured Guarantee Municipal

AMBAC — American Municipal Bond Assurance Company

AMT — Alternative Minimum Tax (subject to)

BAM — Build America Mutual

Cl — Class

GNMA — Government National Mortgage Association

GO — General Obligation

PSF-GTD — Public School Fund Guaranteed

RB — Revenue Bond

Ser — Series

SPA — Special Assessment

SPL Tax — Special Tax

TA — Tax Allocation

The following is a list of the inputs used as of March 31, 2025, in valuing the Fund's investments and other financial instruments carried at value (000):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  Investments in Securities | Level 1 | Level 2 | Level 3 | Total |
| &nbsp;&nbsp;&nbsp; Municipal Bonds | $— | $763281 | $— | $763281 |
| &nbsp;&nbsp;&nbsp; Short-Term Investment | 9541 |  |  | 9541 |
|  Total Investments in Securities | $9541 | $763281 | $— | $772822 |

---

Amounts designated as "—" are either $0 or have been rounded to $0.

For information on valuation inputs, see Note 2 – Significant Accounting Policies in the Notes to Financial Statements.

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 23

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
|  **Corporate Bonds [45.9%]** | **Corporate Bonds [45.9%]** | **Corporate Bonds [45.9%]** | **Corporate Bonds [45.9%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Aerospace/Defense [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Aerospace/Defense [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Aerospace/Defense [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Aerospace/Defense [0.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goat Holdco | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goat Holdco |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/01/32(A) | $175 | $171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spirit AeroSystems | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spirit AeroSystems |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 11/30/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 11/30/29(A) | 527 | 563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spirit AeroSystems | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spirit AeroSystems |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 11/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 11/15/30(A) | 448 | 495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransDigm | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransDigm |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 08/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 08/15/28(A) | 275 | 279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransDigm | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransDigm |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/01/29(A) | 450 | 454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransDigm | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransDigm |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 12/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 12/15/30(A) | 1500 | 1534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransDigm | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransDigm |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 03/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 03/01/32(A) | 975 | 986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Aerospace/Defense** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Aerospace/Defense** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Aerospace/Defense** | 4482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Agricultural [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Agricultural [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Agricultural [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Agricultural [0.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kernel Holding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kernel Holding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/27/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/27/27 | 4875 | 4456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MHP Lux | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MHP Lux |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 09/19/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 09/19/29 | 665 | 565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Agricultural** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Agricultural** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Agricultural** | 5021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Air Transportation [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Air Transportation [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Air Transportation [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Air Transportation [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SGL Group ApS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SGL Group ApS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.427%, EUR003M + 4.750%, 04/22/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.427%, EUR003M + 4.750%, 04/22/30(B) | 400 | 438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SGL Group ApS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SGL Group ApS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.784%, EUR003M + 4.250%, 02/24/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.784%, EUR003M + 4.250%, 02/24/31(B) | 400 | 432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Air Transportation** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Air Transportation** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Air Transportation** | 870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Airlines [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Airlines [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Airlines [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Airlines [0.4%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allegiant Travel | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allegiant Travel |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 08/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 08/15/27(A) | 1065 | 1032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Airlines | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Airlines |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/20/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/20/26(A) | 877 | 873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Azul Secured Finance LLP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Azul Secured Finance LLP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.930%, 08/28/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.930%, 08/28/28 | 3087 | 2701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Azul Secured Finance LLP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Azul Secured Finance LLP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.389%, SOFRINDX + 0.000%, 01/28/30(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.389%, SOFRINDX + 0.000%, 01/28/30(A) (B) | 2062 | 2299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Airlines** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Airlines** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Airlines** | 6905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Airport Develop/Maint [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Airport Develop/Maint [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Airport Develop/Maint [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Airport Develop/Maint [0.6%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aeropuertos Dominicanos Siglo XXI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aeropuertos Dominicanos Siglo XXI |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 06/30/34(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 06/30/34(A) | 1990 | 1998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kingston Airport Revenue Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kingston Airport Revenue Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 12/15/36(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 12/15/36(A) | 1660 | 1673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TAV Havalimanlari Holding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TAV Havalimanlari Holding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 12/07/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 12/07/28 | 5645 | 5779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Airport Develop/Maint** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Airport Develop/Maint** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Airport Develop/Maint** | 9450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Auto Rent & Lease [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Auto Rent & Lease [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Auto Rent & Lease [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Auto Rent & Lease [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kapla Holding SAS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kapla Holding SAS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.001%, EUR003M + 3.500%, 07/31/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.001%, EUR003M + 3.500%, 07/31/30(B) | 850 | 921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upbound Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upbound Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 02/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 02/15/29(A) | 1565 | 1479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Auto Rent & Lease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Auto Rent & Lease** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Auto Rent & Lease** | 2400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automotive [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automotive [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automotive [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automotive [0.6%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adient Global Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adient Global Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 02/15/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 02/15/33(A) | 912 | 848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarios Global | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarios Global |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/15/30(A) | 150 | 151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dornoch Debt Merger Sub | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dornoch Debt Merger Sub |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 10/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 10/15/29(A) | 950 | 722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ford Motor Credit | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ford Motor Credit |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/16/25 | 1150 | 1149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ford Otomotiv Sanayi | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ford Otomotiv Sanayi |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 04/25/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 04/25/29(A) | 3680 | 3648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IHO Verwaltungs GmbH | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IHO Verwaltungs GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 11/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 11/15/32(A) | 1075 | 1048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JB Poindexter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JB Poindexter |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 12/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 12/15/31(A) | 400 | 411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Panther BF Aggregator 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Panther BF Aggregator 2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 05/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 05/15/27(A) | 2000 | 2005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Hero Merger Sub 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real Hero Merger Sub 2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/01/29(A) | 825 | 650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ZF North America Capital | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ZF North America Capital |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/14/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/14/28(A) | 200 | 197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ZF North America Capital | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ZF North America Capital |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 04/14/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 04/14/30(A) | 200 | 192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Automotive** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Automotive** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Automotive** | 11021 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 24

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Autoparts [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Autoparts [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Autoparts [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Autoparts [0.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Axle & Manufacturing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Axle & Manufacturing |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 07/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 07/01/28 | $700 | $666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grupo Antolin-Irausa | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grupo Antolin-Irausa |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/30/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 04/30/28 | 750 | 527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metalsa Sapi De Cv | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Metalsa Sapi De Cv |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 05/04/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 05/04/31 | 1953 | 1540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 05/04/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 05/04/31(A) | 2955 | 2331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Autoparts** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Autoparts** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Autoparts** | 5064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Banking [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Banking [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Banking [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Banking [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ally Financial | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ally Financial |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/20/25 | 275 | 276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Banks [3.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Banks [3.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Banks [3.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Banks [3.9%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Akbank | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Akbank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.369%, H15T5Y + 5.270%, 06/14/73(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.369%, H15T5Y + 5.270%, 06/14/73(A) (B) | 9480 | 9538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Davivienda | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Davivienda |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.650%, H15T10Y + 5.097%, 10/22/73(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.650%, H15T10Y + 5.097%, 10/22/73(A) (B) | 5350 | 4670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco de Credito e Inversiones | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco de Credito e Inversiones |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, H15T5Y + 3.767%, 03/12/74(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, H15T5Y + 3.767%, 03/12/74(B) | 1320 | 1320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, H15T5Y + 3.767%, 03/12/74(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, H15T5Y + 3.767%, 03/12/74(A) (B) | 3700 | 3700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco General | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco General |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, H15T10Y + 3.665%, 11/07/73(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, H15T10Y + 3.665%, 11/07/73(B) | 2625 | 2326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Mercantil del Norte | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Mercantil del Norte |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, H15T10Y + 5.353%, 10/06/67(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, H15T10Y + 5.353%, 10/06/67(B) | 6165 | 6140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Mercantil del Norte | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Mercantil del Norte |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, H15T5Y + 4.072%, 02/20/74(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, H15T5Y + 4.072%, 02/20/74(A) (B) | 1350 | 1340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bancolombia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bancolombia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.625%, H15T5Y + 4.320%, 12/24/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.625%, H15T5Y + 4.320%, 12/24/34(B) | 2010 | 2125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank Hapoalim | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank Hapoalim |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.255%, H15T5Y + 2.155%, 01/21/32(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.255%, H15T5Y + 2.155%, 01/21/32(A) (B) | 2697 | 2581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank Nadra Via NDR Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank Nadra Via NDR Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 06/22/17(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 06/22/17(C) | 631 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank Negara Indonesia Persero | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank Negara Indonesia Persero |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.300%, H15T5Y + 3.466%, 03/24/73(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.300%, H15T5Y + 3.466%, 03/24/73(B) | 2600 | 2458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BBVA Mexico Institucion De Banca Multiple Grupo Financiero BBVA Mexico | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BBVA Mexico Institucion De Banca Multiple Grupo Financiero BBVA Mexico |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, H15T5Y + 2.650%, 01/18/33(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, H15T5Y + 2.650%, 01/18/33(B) | 4167 | 3960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BBVA Mexico Institucion De Banca Multiple Grupo Financiero BBVA Mexico | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BBVA Mexico Institucion De Banca Multiple Grupo Financiero BBVA Mexico |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125%, H15T5Y + 4.214%, 01/08/39(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125%, H15T5Y + 4.214%, 01/08/39(B) | 4900 | 4993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freedom Mortgage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freedom Mortgage |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 05/01/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 05/01/26(A) | 850 | 848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freedom Mortgage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freedom Mortgage |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.000%, 10/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.000%, 10/01/28(A) | 775 | 832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ING Bank, MTN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ING Bank, MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.571%, 01/01/28(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.571%, 01/01/28(D) | 180744 | 958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ipoteka-Bank ATIB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ipoteka-Bank ATIB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/19/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/19/25 | 5425 | 5377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jscb Agrobank | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jscb Agrobank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/02/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/02/29(A) | 3000 | 3120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sovcombank Via SovCom Capital DAC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sovcombank Via SovCom Capital DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.600%, H15T5Y + 6.362%, 02/17/74(C) (D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.600%, H15T5Y + 6.362%, 02/17/74(C) (D) | 3615 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turkiye Garanti Bankasi | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turkiye Garanti Bankasi |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, H15T5Y + 4.090%, 02/28/34(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, H15T5Y + 4.090%, 02/28/34(A) (B) | 6100 | 6121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Yapi ve Kredi Bankasi, MTN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Yapi ve Kredi Bankasi, MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/16/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/16/28 | 575 | 610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/16/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/16/28(A) | 3950 | 4188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Banks** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Banks** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Banks** | 67208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting & Cable [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting & Cable [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting & Cable [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting & Cable [0.9%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cable One | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cable One |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/30(A) | 3030 | 2402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 03/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 03/01/31(A) | 1879 | 1908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.650%, 02/01/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.650%, 02/01/34 | 765 | 791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.484%, 10/23/45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.484%, 10/23/45 | 2130 | 2019 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 25

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSC Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSC Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.250%, 05/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.250%, 05/15/28(A) | $| 1405 | $| 1358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gray Media | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gray Media |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 07/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 07/15/29(A) |  | 570 |  | 591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LCPR Senior Secured Financing DAC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LCPR Senior Secured Financing DAC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/15/27 |  | 4900 |  | 4100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/15/27(A) |  | 1625 |  | 1360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time Warner Cable | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time Warner Cable |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 11/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 11/15/40 |  | 530 |  | 484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Broadcasting & Cable** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Broadcasting & Cable** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Broadcasting & Cable** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Broadcasting & Cable** |  | 15013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building & Construction [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building & Construction [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building & Construction [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building & Construction [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building & Construction [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building & Construction [0.7%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allegheny Ludlum | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allegheny Ludlum |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 12/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 12/15/25 |  | 470 |  | 472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assemblin Caverion Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assemblin Caverion Group |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.849%, EUR003M + 3.500%, 07/01/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.849%, EUR003M + 3.500%, 07/01/31(B) | EUR | 700 |  | 754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brundage-Bone Concrete Pumping Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brundage-Bone Concrete Pumping Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 02/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 02/01/32(A) |  | 1640 |  | 1561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cemex | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cemex |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.125%, H15T5Y + 5.157%, 06/14/73(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.125%, H15T5Y + 5.157%, 06/14/73(A) (B) |  | 1880 |  | 1909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dream Finders Homes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dream Finders Homes |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 08/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 08/15/28(A) |  | 1171 |  | 1210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forestar Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forestar Group |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/01/28(A) |  | 528 |  | 516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Knife River | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Knife River |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 05/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 05/01/31(A) |  | 1255 |  | 1307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LGI Homes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LGI Homes |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 12/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 12/15/28(A) |  | 490 |  | 511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Home | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Home |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/01/29(A) |  | 1434 |  | 1471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Smyrna Ready Mix Concrete | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Smyrna Ready Mix Concrete |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/28(A) |  | 490 |  | 475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Smyrna Ready Mix Concrete | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Smyrna Ready Mix Concrete |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 11/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 11/15/31(A) |  | 1225 |  | 1269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Winnebago Industries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Winnebago Industries |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/15/28(A) |  | 260 |  | 257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Yuksel Insaat | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Yuksel Insaat |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 11/10/15(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 11/10/15(C) |  | 12655 |  | 127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Building & Construction** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Building & Construction** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Building & Construction** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Building & Construction** |  | 11839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building Materials [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building Materials [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building Materials [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building Materials [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building Materials [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building Materials [0.6%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Builders & Contractors Supply | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Builders & Contractors Supply |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/15/28(A) |  | 350 |  | 334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Builders & Contractors Supply | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Builders & Contractors Supply |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 11/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 11/15/29(A) |  | 400 |  | 367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CP Atlas Buyer | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CP Atlas Buyer |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 12/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 12/01/28(A) |  | 775 |  | 612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foundation Building Materials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foundation Building Materials |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 03/01/29(A) |  | 2426 |  | 1980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GYP Holdings III | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GYP Holdings III |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/01/29(A) |  | 975 |  | 913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interface | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interface |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 12/01/28(A) |  | 825 |  | 803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Masterbrand | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Masterbrand |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 07/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 07/15/32(A) |  | 955 |  | 953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miter Brands Acquisition Holdco | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Miter Brands Acquisition Holdco |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/01/32(A) |  | 475 |  | 471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Patrick Industries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Patrick Industries |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 11/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 11/01/32(A) |  | 500 |  | 484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quikrete Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quikrete Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/01/32(A) |  | 413 |  | 416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quikrete Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quikrete Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/01/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/01/33(A) |  | 263 |  | 262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standard Building Solutions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standard Building Solutions |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/15/32(A) |  | 475 |  | 475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standard Industries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standard Industries |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/27(A) |  | 600 |  | 591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standard Industries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Standard Industries |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/28(A) |  | 1150 |  | 1113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; White Capital Buyer | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; White Capital Buyer |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 10/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 10/15/28(A) |  | 725 |  | 696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Building Materials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Building Materials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Building Materials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Building Materials** |  | 10470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building-Heavy Construct [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building-Heavy Construct [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building-Heavy Construct [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building-Heavy Construct [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building-Heavy Construct [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building-Heavy Construct [0.9%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arcosa | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arcosa |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 08/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 08/15/32(A) |  | 290 |  | 294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ATP Tower Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ATP Tower Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 02/03/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 02/03/30(A) |  | 3700 |  | 3704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HTA Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HTA Group |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 06/04/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 06/04/29(A) |  | 4370 |  | 4434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IRB Infrastructure Developers | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IRB Infrastructure Developers |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.110%, 03/11/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.110%, 03/11/32 |  | 3700 |  | 3725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Odebrecht Holdco Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Odebrecht Holdco Finance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 09/10/58(E) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 09/10/58(E) |  | 13874 |  | 21 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 26

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sitios Latinoamerica | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sitios Latinoamerica |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 04/04/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 04/04/32(A) | 3860 | $| 3710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Building-Heavy Construct** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Building-Heavy Construct** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Building-Heavy Construct** |  | 15888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cable Satellite [1.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cable Satellite [1.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cable Satellite [1.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cable Satellite [1.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cable Satellite [1.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 05/01/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 05/01/27(A) | 1600 |  | 1575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/28(A) | 1200 |  | 1164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/01/30(A) | 535 |  | 496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/30(A) | 550 |  | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/32 | 150 |  | 130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CCO Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 02/01/31(A) | 150 |  | 133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 01/15/34(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 01/15/34(A) | 900 |  | 741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSC Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSC Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/15/27(A) | 525 |  | 486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSC Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSC Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 01/15/30(A) | 650 |  | 341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSC Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSC Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 12/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 12/01/30(A) | 400 |  | 290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSC Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSC Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 02/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 02/15/31(A) | 400 |  | 286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSC Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSC Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/15/31(A) | 675 |  | 489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DIRECTV Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DIRECTV Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 08/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 08/15/27(A) | 981 |  | 950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DISH DBS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DISH DBS |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 07/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 07/01/28 | 350 |  | 249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DISH DBS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DISH DBS |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/01/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/01/29 | 325 |  | 212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sirius XM Radio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sirius XM Radio |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/28(A) | 1740 |  | 1621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sirius XM Radio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sirius XM Radio |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/01/29(A) | 1250 |  | 1207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sirius XM Radio | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sirius XM Radio |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 09/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 09/01/31(A) | 350 |  | 299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sunrise FinCo I BV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sunrise FinCo I BV |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 07/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 07/15/31(A) | 975 |  | 884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telenet Finance Luxembourg Notes Sarl | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telenet Finance Luxembourg Notes Sarl |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/28(A) | 1400 |  | 1342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virgin Media Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virgin Media Finance |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/15/30(A) | 825 |  | 706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virgin Media Secured Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virgin Media Secured Finance |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/15/29(A) | 1425 |  | 1350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virgin Media Secured Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virgin Media Secured Finance |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 08/15/30(A) | 825 |  | 724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vmed O2 UK Financing I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vmed O2 UK Financing I |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 07/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 07/15/31(A) | 1330 |  | 1156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VZ Secured Financing BV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VZ Secured Financing BV |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/32(A) | 200 |  | 174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ziggo Bond BV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ziggo Bond BV |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 02/28/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 02/28/30(A) | 225 |  | 196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ziggo Bond BV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ziggo Bond BV |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 01/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 01/15/30(A) | 350 |  | 321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Cable Satellite** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Cable Satellite** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Cable Satellite** |  | 18022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals [1.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals [1.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals [1.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals [1.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals [1.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axalta Coating Systems | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axalta Coating Systems |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/15/27(A) | 700 |  | 688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axalta Coating Systems | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axalta Coating Systems |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 02/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 02/15/29(A) | 375 |  | 343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Braskem Netherlands Finance BV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Braskem Netherlands Finance BV |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 01/12/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 01/12/31(A) | 2530 |  | 2537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Braskem Netherlands Finance BV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Braskem Netherlands Finance BV |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/13/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/13/33(A) | 957 |  | 887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese US Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese US Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/15/30 | 100 |  | 99 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese US Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese US Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/15/33 | 425 |  | 413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese US Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Celanese US Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 11/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 11/15/33 | 1450 |  | 1515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chemours | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chemours |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 01/15/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 01/15/33(A) | 515 |  | 481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Energy Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Energy Finance |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 10/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 10/15/28(A) | 575 |  | 494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Energy Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Energy Finance |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.000%, 02/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.000%, 02/15/31(A) | 520 |  | 519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Element Solutions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Element Solutions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 09/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 09/01/28(A) | 525 |  | 494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HB Fuller | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HB Fuller |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 10/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 10/15/28 | 775 |  | 735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Herens Holdco Sarl | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Herens Holdco Sarl |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 05/15/28(A) | 800 |  | 720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illuminate Buyer | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Illuminate Buyer |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 07/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 07/01/28(A) | 525 |  | 522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INEOS Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INEOS Finance |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/15/28(A) | 2235 |  | 2237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INEOS Quattro Finance 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INEOS Quattro Finance 2 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.625%, 03/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.625%, 03/15/29(A) | 470 |  | 486 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 27

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mativ Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mativ Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 10/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 10/01/29(A) | $| 1620 | $| 1397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OCP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OCP |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 05/02/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 05/02/54 |  | 1025 |  | 1049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 05/02/54(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 05/02/54(A) |  | 3850 |  | 3942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Olympus Water US Holding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Olympus Water US Holding |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 10/01/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 10/01/27(A) |  | 375 |  | 375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Olympus Water US Holding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Olympus Water US Holding |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 11/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 11/15/28(A) |  | 325 |  | 337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Olympus Water US Holding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Olympus Water US Holding |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/01/29(A) |  | 875 |  | 768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Olympus Water US Holding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Olympus Water US Holding |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 06/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 06/15/31(A) |  | 300 |  | 294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SNF Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SNF Group |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 03/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 03/15/30(A) |  | 275 |  | 243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WR Grace Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WR Grace Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/15/27(A) |  | 425 |  | 411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WR Grace Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WR Grace Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/15/29(A) |  | 225 |  | 193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Chemicals** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Chemicals** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Chemicals** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Chemicals** |  | 22179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Coal Mining [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Coal Mining [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Coal Mining [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Coal Mining [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Coal Mining [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Coal Mining [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coronado Finance Pty | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coronado Finance Pty |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/01/29(A) |  | 1137 |  | 1059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New World Resources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New World Resources |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 04/07/20(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 04/07/20(C) | EUR | 1101 |  | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warrior Met Coal | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warrior Met Coal |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 12/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 12/01/28(A) |  | 1097 |  | 1119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Coal Mining** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Coal Mining** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Coal Mining** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Coal Mining** |  | 2180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Commercial Serv-Finance [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Commercial Serv-Finance [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Commercial Serv-Finance [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Commercial Serv-Finance [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Commercial Serv-Finance [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Commercial Serv-Finance [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sabre GLBL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sabre GLBL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 06/01/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 06/01/27(A) |  | 916 |  | 906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shift4 Payments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shift4 Payments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 08/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 08/15/32(A) |  | 483 |  | 487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WEX | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WEX |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/15/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/15/33(A) |  | 515 |  | 510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Serv-Finance** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Serv-Finance** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Serv-Finance** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Serv-Finance** |  | 1903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Commercial Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Commercial Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Commercial Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Commercial Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Commercial Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Commercial Services [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arena Luxembourg Finance Sarl | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arena Luxembourg Finance Sarl |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.606%, EUR003M + 3.000%, 02/01/27(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.606%, EUR003M + 3.000%, 02/01/27(B) | EUR | 200 |  | 216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Live Nation Entertainment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Live Nation Entertainment |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 03/15/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 03/15/26(A) |  | 580 |  | 579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SD International Sukuk, MTN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SD International Sukuk, MTN |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.300%, 05/09/22(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.300%, 05/09/22(C) |  | 13384 |  | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Commercial Services** |  | 796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication & Media [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication & Media [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication & Media [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication & Media [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication & Media [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication & Media [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Globo Comunicacao e Participacoes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Globo Comunicacao e Participacoes |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/14/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/14/32 |  | 1505 |  | 1396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/14/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/14/32(A) |  | 2457 |  | 2279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Communication & Media** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Communication & Media** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Communication & Media** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Communication & Media** |  | 3675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Computer System Design & Services [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Computer System Design & Services [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Computer System Design & Services [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Computer System Design & Services [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Computer System Design & Services [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Computer System Design & Services [0.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diebold Nixdorf | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diebold Nixdorf |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 03/31/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 03/31/30(A) |  | 618 |  | 641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magnum Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magnum Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 10/31/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 10/31/26(A) |  | 4900 |  | 4812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Computer System Design & Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Computer System Design & Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Computer System Design & Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Computer System Design & Services** |  | 5453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Computers-Memory Devices [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Computers-Memory Devices [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Computers-Memory Devices [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Computers-Memory Devices [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Computers-Memory Devices [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Computers-Memory Devices [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seagate HDD Cayman | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seagate HDD Cayman |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 12/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 12/15/29 |  | 911 |  | 969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Construction Machinery [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Construction Machinery [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Construction Machinery [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Construction Machinery [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Construction Machinery [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Construction Machinery [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terex | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terex |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/29(A) |  | 680 |  | 649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Rentals North America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Rentals North America |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/15/27 |  | 424 |  | 422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Rentals North America | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Rentals North America |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 01/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 01/15/28 |  | 600 |  | 588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Construction Machinery** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Construction Machinery** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Construction Machinery** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Construction Machinery** |  | 1659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Cyclical Services [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Cyclical Services [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Cyclical Services [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Cyclical Services [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Cyclical Services [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Cyclical Services [0.4%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allied Universal Holdco | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allied Universal Holdco |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 07/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 07/15/27(A) |  | 400 |  | 402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allied Universal Holdco | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allied Universal Holdco |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/29(A) |  | 1375 |  | 1264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allied Universal Holdco | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allied Universal Holdco |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 02/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 02/15/31(A) |  | 425 |  | 430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brink's | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brink's |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/15/29(A) |  | 350 |  | 354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brink's | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brink's |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 06/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 06/15/32(A) |  | 350 |  | 355 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 28

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cars.com | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cars.com |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 11/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 11/01/28(A) | $| 500 | 495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dun & Bradstreet | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dun & Bradstreet |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/29(A) |  | 625 | 626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Garda World Security | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Garda World Security |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/01/29(A) |  | 1250 | 1169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Garda World Security | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Garda World Security |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 11/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 11/15/32(A) |  | 650 | 639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Go Daddy Operating | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Go Daddy Operating |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/27(A) |  | 725 | 719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Match Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Match Group |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/27(A) |  | 1000 | 979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Match Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Match Group |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/01/28(A) |  | 250 | 240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Cyclical Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Cyclical Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Cyclical Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Cyclical Services** | 7672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Products [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Products [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Products [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Products [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Products [0.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCPE Empire Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCPE Empire Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 05/01/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 05/01/27(A) |  | 1500 | 1476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Champ Acquisition | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Champ Acquisition |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 12/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 12/01/31(A) |  | 707 | 731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Edgewell Personal Care | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Edgewell Personal Care |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 06/01/28(A) |  | 725 | 710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Edgewell Personal Care | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Edgewell Personal Care |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 04/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 04/01/29(A) |  | 200 | 185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energizer Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energizer Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/31/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/31/27(A) |  | 750 | 754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energizer Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energizer Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 03/31/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 03/31/29(A) |  | 850 | 792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Products** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Products** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Products** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Products** | 4648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Containers & Packaging [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Containers & Packaging [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Containers & Packaging [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Containers & Packaging [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Containers & Packaging [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Graham Packaging | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Graham Packaging |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 08/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 08/15/28(A) |  | 660 | 645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Dialysis Centers [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Dialysis Centers [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Dialysis Centers [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Dialysis Centers [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Dialysis Centers [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DaVita | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DaVita |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 09/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 09/01/32(A) |  | 980 | 985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Distribution/Wholesale [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Distribution/Wholesale [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Distribution/Wholesale [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Distribution/Wholesale [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Distribution/Wholesale [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Azelis Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Azelis Finance |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 09/25/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 09/25/29 | EUR | 240 | 263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Windsor Holdings III | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Windsor Holdings III |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 06/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 06/15/30(A) |  | 875 | 903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Distribution/Wholesale** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Distribution/Wholesale** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Distribution/Wholesale** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Distribution/Wholesale** | 1166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified Manufacturing [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified Manufacturing [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified Manufacturing [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified Manufacturing [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified Manufacturing [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EMRLD Borrower | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EMRLD Borrower |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 12/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 12/15/30(A) |  | 1500 | 1500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gates |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 07/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 07/01/29(A) |  | 400 | 407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WESCO Distribution | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WESCO Distribution |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 06/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 06/15/28(A) |  | 800 | 815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WESCO Distribution | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WESCO Distribution |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/15/29(A) |  | 100 | 101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/15/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/15/33(A) |  | 328 | 329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WESCO Distribution | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WESCO Distribution |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 03/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 03/15/32(A) |  | 150 | 152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Diversified Manufacturing** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Diversified Manufacturing** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Diversified Manufacturing** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Diversified Manufacturing** | 3304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Drugs [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Drugs [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Drugs [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Drugs [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Drugs [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neopharmed Gentili SPA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neopharmed Gentili SPA |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.035%, EUR003M + 4.250%, 04/08/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.035%, EUR003M + 4.250%, 04/08/30(B) | EUR | 400 | 434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Organon | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Organon |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 04/30/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 04/30/28 | EUR | 1000 | 1029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Drugs** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Drugs** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Drugs** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Drugs** | 1463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Products [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Products [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Products [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Products [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Products [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ANGI Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ANGI Group |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/28(A) |  | 1306 | 1184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Services [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uber Technologies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Uber Technologies |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 09/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 09/15/27(A) |  | 978 | 990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electric Utilities [1.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electric Utilities [1.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electric Utilities [1.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electric Utilities [1.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electric Utilities [1.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AES Andes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AES Andes |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.150%, H15T5Y + 3.835%, 06/10/55(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.150%, H15T5Y + 3.835%, 06/10/55(A) (B) |  | 1540 | 1591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lightning Power | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lightning Power |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 08/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 08/15/32(A) |  | 1943 | 2000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minejesa Capital BV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minejesa Capital BV |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/10/37(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/10/37(A) |  | 5300 | 4986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mong Duong Finance Holdings BV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mong Duong Finance Holdings BV |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 05/07/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 05/07/29 |  | 4605 | 4461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pike | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pike |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 01/31/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 01/31/31(A) |  | 924 | 974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Star Energy Geothermal Wayang Windu | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Star Energy Geothermal Wayang Windu |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/24/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/24/33 |  | 5047 | 5076 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 29

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, H15T5Y + 6.930%, 04/15/73(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, H15T5Y + 6.930%, 04/15/73(A) (B) | $| 1130 | $| 1160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Electric Utilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Electric Utilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Electric Utilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Electric Utilities** |  | 20248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy & Power [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy & Power [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy & Power [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy & Power [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy & Power [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy & Power [0.6%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aydem Yenilenebilir Enerji | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aydem Yenilenebilir Enerji |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 02/02/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 02/02/27 |  | 2777 |  | 2764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FS Luxembourg Sarl | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FS Luxembourg Sarl |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 02/12/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 02/12/31 |  | 3550 |  | 3642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 02/12/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 02/12/31(A) |  | 800 |  | 821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greenko Wind Projects Mauritius | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greenko Wind Projects Mauritius |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 09/27/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 09/27/28(A) |  | 3860 |  | 3808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy & Power** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy & Power** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy & Power** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy & Power** |  | 11035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Entertainment & Gaming [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Entertainment & Gaming [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Entertainment & Gaming [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Entertainment & Gaming [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Entertainment & Gaming [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Entertainment & Gaming [0.7%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IGT Lottery Holdings BV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IGT Lottery Holdings BV |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/15/30 | EUR | 430 |  | 467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lottomatica Group Spa | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lottomatica Group Spa |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.485%, EUR003M + 4.000%, 12/15/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.485%, EUR003M + 4.000%, 12/15/30(B) | EUR | 400 |  | 434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lottomatica Group Spa | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lottomatica Group Spa |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.735%, EUR003M + 3.250%, 06/01/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.735%, EUR003M + 3.250%, 06/01/31(B) | EUR | 200 |  | 218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Melco Resorts Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Melco Resorts Finance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 12/04/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 12/04/29 |  | 3850 |  | 3531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Studio City Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Studio City Finance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 01/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 01/15/28 |  | 4000 |  | 3884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wynn Macau | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wynn Macau |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/26/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/26/28 |  | 900 |  | 866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wynn Macau | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wynn Macau |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 12/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 12/15/29 |  | 2100 |  | 1940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Entertainment & Gaming** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Entertainment & Gaming** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Entertainment & Gaming** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Entertainment & Gaming** |  | 11340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Finance [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Finance [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Finance [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Finance [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Finance [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Finance [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Garfunkelux Holdco 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Garfunkelux Holdco 3 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 11/01/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 11/01/25 | EUR | 450 |  | 336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Garfunkelux Holdco 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Garfunkelux Holdco 3 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 11/01/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 11/01/25 | GBP | 700 |  | 620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Finance** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Finance** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Finance** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Finance** |  | 956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Finance Companies [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Finance Companies [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Finance Companies [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Finance Companies [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Finance Companies [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Finance Companies [0.7%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boost Newco Borrower | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boost Newco Borrower |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 01/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 01/15/31(A) |  | 2165 |  | 2253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macquarie Airfinance Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macquarie Airfinance Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 03/26/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.400%, 03/26/29(A) |  | 75 |  | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macquarie Airfinance Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macquarie Airfinance Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 03/30/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 03/30/29(A) |  | 835 |  | 876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macquarie Airfinance Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macquarie Airfinance Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/26/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/26/31(A) |  | 75 |  | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 06/25/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 06/25/25 |  | 375 |  | 375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/15/27 |  | 750 |  | 734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rocket Mortgage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rocket Mortgage |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 03/01/29(A) |  | 350 |  | 323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rocket Mortgage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rocket Mortgage |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 03/01/31(A) |  | 950 |  | 849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rocket Mortgage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rocket Mortgage |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/15/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/15/33(A) |  | 1165 |  | 997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Wholesale Mortgage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Wholesale Mortgage |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/15/25(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 11/15/25(A) |  | 1690 |  | 1685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 04/15/29(A) |  | 3228 |  | 3112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UWM Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UWM Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 02/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 02/01/30(A) |  | 840 |  | 832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Finance Companies** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Finance Companies** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Finance Companies** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Finance Companies** |  | 12192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Services [2.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Services [2.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Services [2.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Services [2.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Services [2.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Services [2.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ASG Finance Designated Activity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ASG Finance Designated Activity |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 05/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 05/15/29(A) |  | 6040 |  | 6108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bread Financial Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bread Financial Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 03/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 03/15/29(A) |  | 940 |  | 992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Castlelake Aviation Finance DAC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Castlelake Aviation Finance DAC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/15/27(A) |  | 650 |  | 656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSN Inova Ventures | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSN Inova Ventures |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/28/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/28/28(A) |  | 2680 |  | 2560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enact Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enact Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 05/28/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 05/28/29 |  | 1910 |  | 1957 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Encore Capital Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Encore Capital Group |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 06/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 06/01/28 | GBP | 500 |  | 610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Encore Capital Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Encore Capital Group |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 04/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 04/01/29(A) |  | 1860 |  | 1948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enova International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enova International |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.250%, 12/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.250%, 12/15/28(A) |  | 745 |  | 803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enova International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Enova International |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 08/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 08/01/29(A) |  | 970 |  | 1000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freedom Mortgage Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freedom Mortgage Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 02/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 02/01/29(A) |  | 754 |  | 766 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 30

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freedom Mortgage Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freedom Mortgage Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 04/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 04/01/32(A) | $| 525 | $| 510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GGAM Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GGAM Finance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 02/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 02/15/27(A) |  | 990 |  | 1015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; goeasy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; goeasy |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 12/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 12/01/28(A) |  | 455 |  | 478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; goeasy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; goeasy |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 07/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 07/01/29(A) |  | 795 |  | 795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; goeasy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; goeasy |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 10/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 10/01/30(A) |  | 520 |  | 511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iqera Group SAS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iqera Group SAS |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.056%, EUR003M + 6.500%, 02/15/27(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.056%, EUR003M + 6.500%, 02/15/27(B) | EUR | 900 |  | 553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Finance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/28(A) |  | 765 |  | 719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Finance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 10/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 10/15/31(A) |  | 1285 |  | 1272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macquarie Airfinance Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macquarie Airfinance Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 05/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 05/01/28(A) |  | 560 |  | 584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationstar Mortgage Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationstar Mortgage Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 08/01/29(A) |  | 440 |  | 446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationstar Mortgage Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationstar Mortgage Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 11/15/31(A) |  | 900 |  | 902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationstar Mortgage Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nationstar Mortgage Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 02/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 02/01/32(A) |  | 287 |  | 297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OEC Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OEC Finance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 03/14/74(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 03/14/74(C) |  | 38 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OneMain Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OneMain Finance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 01/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 01/15/29 |  | 1435 |  | 1506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OneMain Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OneMain Finance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 03/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 03/15/30 |  | 420 |  | 434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OneMain Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OneMain Finance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/15/32 |  | 450 |  | 442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PennyMac Financial Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PennyMac Financial Services |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 10/15/25(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 10/15/25(A) |  | 785 |  | 783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PennyMac Financial Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PennyMac Financial Services |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 12/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 12/15/29(A) |  | 450 |  | 468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PennyMac Financial Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PennyMac Financial Services |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 02/15/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 02/15/33(A) |  | 515 |  | 512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PRA Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PRA Group |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/29(A) |  | 845 |  | 778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PRA Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PRA Group |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 01/31/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 01/31/30(A) |  | 927 |  | 967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sobha Sukuk | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sobha Sukuk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 07/17/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 07/17/28 |  | 3278 |  | 3353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TrueNoord Capital DAC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TrueNoord Capital DAC |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 03/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 03/01/30(A) |  | 610 |  | 618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financial Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financial Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financial Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financial Services** |  | 35343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food & Beverage [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food & Beverage [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food & Beverage [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food & Beverage [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food & Beverage [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food & Beverage [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BellRing Brands | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BellRing Brands |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 03/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 03/15/30(A) |  | 925 |  | 956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Performance Food Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Performance Food Group |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 08/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 08/01/29(A) |  | 925 |  | 865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Performance Food Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Performance Food Group |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 09/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 09/15/32(A) |  | 50 |  | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Post Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Post Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/15/32(A) |  | 400 |  | 402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/15/34(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 10/15/34(A) |  | 175 |  | 171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Post Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Post Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/01/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 03/01/33(A) |  | 500 |  | 492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US Foods | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US Foods |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 09/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 09/15/28(A) |  | 375 |  | 384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US Foods | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US Foods |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/15/29(A) |  | 675 |  | 650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US Foods | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US Foods |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/15/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/15/33(A) |  | 75 |  | 73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Food & Beverage** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Food & Beverage** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Food & Beverage** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Food & Beverage** |  | 4043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food, Beverage & Tobacco [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food, Beverage & Tobacco [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food, Beverage & Tobacco [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food, Beverage & Tobacco [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food, Beverage & Tobacco [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food, Beverage & Tobacco [0.6%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coca-Cola Icecek | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coca-Cola Icecek |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50.500%, 04/28/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50.500%, 04/28/25 | TRY | 101100 |  | 2617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health & Happiness H&H International Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health & Happiness H&H International Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 07/24/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 07/24/28 |  | 4260 |  | 4290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minerva Luxembourg | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minerva Luxembourg |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 03/18/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 03/18/31(A) |  | 2425 |  | 2119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Simmons Foods | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Simmons Foods |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/01/29(A) |  | 855 |  | 793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turning Point Brands | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turning Point Brands |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 03/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 03/15/32(A) |  | 1003 |  | 1042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Food, Beverage & Tobacco** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Food, Beverage & Tobacco** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Food, Beverage & Tobacco** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Food, Beverage & Tobacco** |  | 10861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food-Baking [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food-Baking [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food-Baking [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food-Baking [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food-Baking [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food-Baking [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sammontana Italia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sammontana Italia |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.535%, EUR003M + 3.750%, 10/15/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.535%, EUR003M + 3.750%, 10/15/31(B) | EUR | 350 |  | 379 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 31

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food-Flour and Grain [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food-Flour and Grain [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food-Flour and Grain [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food-Flour and Grain [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aragvi Finance International DAC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aragvi Finance International DAC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.125%, 11/20/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.125%, 11/20/29(A) | $3500 | $3552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gaming [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gaming [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gaming [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gaming [0.7%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affinity Interactive | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affinity Interactive |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 12/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 12/15/27(A) | 250 | 190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boyd Gaming | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boyd Gaming |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 12/01/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 12/01/27 | 875 | 856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 10/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 10/15/29(A) | 225 | 207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/15/30(A) | 225 | 228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/32(A) | 425 | 423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Caesars Entertainment |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/15/32(A) | 500 | 467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Churchill Downs | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Churchill Downs |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 04/01/30(A) | 150 | 147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Churchill Downs | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Churchill Downs |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/01/31(A) | 910 | 917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colt Merger Sub | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colt Merger Sub |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 07/01/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 07/01/27(A) | 787 | 792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Light & Wonder International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Light & Wonder International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 11/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 11/15/29(A) | 125 | 127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Light & Wonder International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Light & Wonder International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 09/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 09/01/31(A) | 625 | 640 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MGM Resorts International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MGM Resorts International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 09/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 09/15/29 | 300 | 297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MGM Resorts International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MGM Resorts International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/15/32 | 625 | 612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Midwest Gaming Borrower | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Midwest Gaming Borrower |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 05/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 05/01/29(A) | 775 | 727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mohegan Tribal Gaming Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 02/01/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 02/01/26(A) | 850 | 849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ontario Gaming GTA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ontario Gaming GTA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 08/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 08/01/30(A) | 800 | 796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Penn Entertainment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Penn Entertainment |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/15/27(A) | 250 | 247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Penn Entertainment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Penn Entertainment |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 07/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 07/01/29(A) | 125 | 111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Scientific Games Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Scientific Games Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 03/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 03/01/30(A) | 525 | 495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Station Casinos | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Station Casinos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/28(A) | 1990 | 1905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Station Casinos | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Station Casinos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 12/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 12/01/31(A) | 960 | 863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wynn Resorts Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wynn Resorts Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 02/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 02/15/31(A) | 475 | 491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wynn Resorts Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wynn Resorts Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/33(A) | 200 | 195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Gaming** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Gaming** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Gaming** | 12582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gold Mining [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gold Mining [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gold Mining [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gold Mining [0.6%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aris Mining | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aris Mining |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 10/31/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 10/31/29(A) | 3870 | 3932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cia de Minas Buenaventura SAA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cia de Minas Buenaventura SAA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/23/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 07/23/26 | 6285 | 6270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Gold Mining** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Gold Mining** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Gold Mining** | 10202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Insurance [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Insurance [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Insurance [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Insurance [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Molina Healthcare | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Molina Healthcare |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 01/15/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 01/15/33(A) | 275 | 271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Healthcare [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Healthcare [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Healthcare [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Healthcare [0.6%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avantor Funding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avantor Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 07/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 07/15/28(A) | 875 | 843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CHS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CHS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 03/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 03/15/27(A) | 650 | 620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CHS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CHS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 01/15/29(A) | 250 | 221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CHS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CHS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/15/29(A) | 725 | 470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Concentra Escrow Issuer | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Concentra Escrow Issuer |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 07/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 07/15/32(A) | 225 | 229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DaVita | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DaVita |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/01/30(A) | 220 | 202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embecta | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Embecta |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/15/30(A) | 325 | 310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insulet | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insulet |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/01/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/01/33(A) | 685 | 695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IQVIA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IQVIA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/15/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/15/26(A) | 1075 | 1067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medline Borrower | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medline Borrower |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/01/29(A) | 525 | 532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medline Borrower | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medline Borrower |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 10/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 10/01/29(A) | 1900 | 1823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neogen Food Safety | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neogen Food Safety |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 07/20/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 07/20/30(A) | 400 | 421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Raven Acquisition Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Raven Acquisition Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 11/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 11/15/31(A) | 600 | 580 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 32

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Select Medical | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Select Medical |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 12/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 12/01/32(A) | $| 425 | $| 414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tenet Healthcare | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tenet Healthcare |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 11/01/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 11/01/27 |  | 1225 |  | 1207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tenet Healthcare | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tenet Healthcare |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 10/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 10/01/28 |  | 575 |  | 572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tenet Healthcare | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tenet Healthcare |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/15/31 |  | 450 |  | 456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Healthcare** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Healthcare** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Healthcare** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Healthcare** |  | 10662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Homebuilders/Materials/Construction [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Homebuilders/Materials/Construction [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Homebuilders/Materials/Construction [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Homebuilders/Materials/Construction [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Homebuilders/Materials/Construction [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Homebuilders/Materials/Construction [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Victoria | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Victoria |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 03/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 03/15/28 | EUR | 500 |  | 313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels and Motels [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels and Motels [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels and Motels [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels and Motels [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels and Motels [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels and Motels [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilton Grand Vacations Borrower | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilton Grand Vacations Borrower |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 01/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 01/15/32(A) |  | 495 |  | 490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marriott Ownership Resorts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marriott Ownership Resorts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 01/15/28 |  | 1045 |  | 993 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Travel + Leisure | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Travel + Leisure |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 07/31/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 07/31/26(A) |  | 938 |  | 945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Hotels and Motels** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Hotels and Motels** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Hotels and Motels** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Hotels and Motels** |  | 2428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Independent Energy [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Independent Energy [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Independent Energy [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Independent Energy [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Independent Energy [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Independent Energy [0.6%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aethon United BR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aethon United BR |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 10/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 10/01/29(A) |  | 475 |  | 483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Antero Resources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Antero Resources |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 02/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 02/01/29(A) |  | 159 |  | 163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 11/01/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 11/01/27(A) |  | 375 |  | 459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 12/31/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 12/31/28(A) |  | 1685 |  | 1717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 10/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 10/15/32(A) |  | 883 |  | 879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Civitas Resources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Civitas Resources |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 07/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 07/01/28(A) |  | 1130 |  | 1165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Civitas Resources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Civitas Resources |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 11/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 11/01/30(A) |  | 225 |  | 233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Civitas Resources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Civitas Resources |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 07/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 07/01/31(A) |  | 150 |  | 154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CNX Resources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CNX Resources |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 03/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 03/01/32(A) |  | 75 |  | 76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comstock Resources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comstock Resources |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/01/29(A) |  | 825 |  | 806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expand Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expand Energy |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 10/01/24(C) (D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 10/01/24(C) (D) |  | 575 |  | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expand Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expand Energy |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/15/30 |  | 300 |  | 297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Matador Resources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Matador Resources |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/15/32(A) |  | 450 |  | 446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Matador Resources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Matador Resources |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/15/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/15/33(A) |  | 100 |  | 98 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Permian Resources Operating | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Permian Resources Operating |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 01/15/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 01/15/26(A) |  | 350 |  | 349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Permian Resources Operating | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Permian Resources Operating |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/01/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/01/33(A) |  | 175 |  | 174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Range Resources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Range Resources |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 01/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 01/15/29 |  | 500 |  | 514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sitio Royalties Operating Partnership | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sitio Royalties Operating Partnership |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 11/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 11/01/28(A) |  | 300 |  | 309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SM Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SM Energy |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 09/15/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 09/15/26 |  | 625 |  | 625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SM Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SM Energy |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 08/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 08/01/32(A) |  | 100 |  | 98 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TGNR Intermediate Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TGNR Intermediate Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 10/15/29(A) |  | 525 |  | 493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Independent Energy** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Independent Energy** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Independent Energy** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Independent Energy** |  | 9540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrial - Other [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrial - Other [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrial - Other [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrial - Other [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrial - Other [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrial - Other [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hillenbrand | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hillenbrand |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 02/15/29 |  | 525 |  | 526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison IAQ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison IAQ |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/30/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 06/30/29(A) |  | 1525 |  | 1440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SPX FLOW | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SPX FLOW |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 04/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 04/01/30(A) |  | 900 |  | 925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrial - Other** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrial - Other** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrial - Other** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrial - Other** |  | 2891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Insurance [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Insurance [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Insurance [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Insurance [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Insurance [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Insurance [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; APH Somerset Investor 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; APH Somerset Investor 2 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 11/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 11/01/29(A) |  | 995 |  | 980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Howden UK Refinance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Howden UK Refinance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/31(A) |  | 500 |  | 504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Howden UK Refinance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Howden UK Refinance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 02/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 02/15/32(A) |  | 1965 |  | 1985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Insurance** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Insurance** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Insurance** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Insurance** |  | 3469 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 33

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Insurance - P&C [1.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Insurance - P&C [1.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Insurance - P&C [1.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Insurance - P&C [1.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acrisure | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acrisure |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 11/06/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 11/06/30(A) | $1370 | $1393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 10/15/27(A) | 680 | 675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 11/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 11/01/29(A) | 250 | 242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 01/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 01/15/31(A) | 725 | 728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 10/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 10/01/32(A) | 350 | 351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AmWINS Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AmWINS Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/30/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/30/29(A) | 1300 | 1222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ardonagh Finco | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ardonagh Finco |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 02/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 02/15/31(A) | 250 | 255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ardonagh Group Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ardonagh Group Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 02/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 02/15/32(A) | 1950 | 1987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AssuredPartners | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AssuredPartners |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/15/29(A) | 775 | 774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AssuredPartners | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AssuredPartners |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 02/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 02/15/32(A) | 275 | 293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baldwin Insurance Group Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Baldwin Insurance Group Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 05/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 05/15/31(A) | 1720 | 1743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BroadStreet Partners | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BroadStreet Partners |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 04/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 04/15/29(A) | 1450 | 1391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HUB International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HUB International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 12/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 12/01/29(A) | 1075 | 1040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HUB International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HUB International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 06/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 06/15/30(A) | 1200 | 1236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HUB International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HUB International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 01/31/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 01/31/32(A) | 900 | 916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jones Deslauriers Insurance Management | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jones Deslauriers Insurance Management |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 03/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 03/15/30(A) | 875 | 919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jones Deslauriers Insurance Management | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jones Deslauriers Insurance Management |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 12/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 12/15/30(A) | 600 | 641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Panther Escrow Issuer | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Panther Escrow Issuer |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 06/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 06/01/31(A) | 1475 | 1503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ryan Specialty | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ryan Specialty |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 02/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 02/01/30(A) | 300 | 285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ryan Specialty | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ryan Specialty |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 08/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 08/01/32(A) | 300 | 296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USI |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 01/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 01/15/32(A) | 1375 | 1402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Insurance - P&C** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Insurance - P&C** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Insurance - P&C** | 19292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Internet Connectiv Svcs [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Internet Connectiv Svcs [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Internet Connectiv Svcs [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Internet Connectiv Svcs [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Group BV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Group BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.806%, EUR003M + 4.250%, 02/01/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.806%, EUR003M + 4.250%, 02/01/29(B) | 500 | 540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.806%, EUR003M + 4.250%, 02/15/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.806%, EUR003M + 4.250%, 02/15/31(B) | 630 | 683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Internet Connectiv Svcs** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Internet Connectiv Svcs** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Internet Connectiv Svcs** | 1223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investment Bank/Broker-Dealer [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investment Bank/Broker-Dealer [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investment Bank/Broker-Dealer [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investment Bank/Broker-Dealer [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aretec Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aretec Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 08/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 08/15/30(A) | 935 | 1004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VFH Parent | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VFH Parent |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 06/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 06/15/31(A) | 885 | 909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investment Bank/Broker-Dealer** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investment Bank/Broker-Dealer** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investment Bank/Broker-Dealer** | 1913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investment Companies [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investment Companies [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investment Companies [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investment Companies [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hightower Holding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hightower Holding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/15/29(A) | 1006 | 972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Leisure [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Leisure [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Leisure [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Leisure [0.5%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carnival | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carnival |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 05/01/29(A) | 475 | 471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carnival | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carnival |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 08/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 08/15/29(A) | 175 | 183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carnival | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carnival |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/15/30(A) | 200 | 199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carnival | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carnival |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 02/15/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 02/15/33(A) | 175 | 173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/15/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/15/26(A) | 84 | 84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 02/15/27(A) | 985 | 984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 01/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 01/15/29(A) | 250 | 263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 02/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 02/15/29(A) | 125 | 130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 02/01/32(A) | 375 | 371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCL Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCL Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 03/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 03/15/28(A) | 200 | 199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Royal Caribbean Cruises | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Royal Caribbean Cruises |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/31/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 08/31/26(A) | 350 | 350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Royal Caribbean Cruises | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Royal Caribbean Cruises |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 07/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 07/15/27(A) | 525 | 523 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 34

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Royal Caribbean Cruises | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Royal Caribbean Cruises |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/30/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/30/31(A) | $| 100 | $| 98 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Royal Caribbean Cruises | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Royal Caribbean Cruises |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/32(A) |  | 275 |  | 278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Royal Caribbean Cruises | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Royal Caribbean Cruises |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/33(A) |  | 175 |  | 175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SeaWorld Parks & Entertainment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SeaWorld Parks & Entertainment |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/15/29(A) |  | 900 |  | 852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Six Flags Entertainment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Six Flags Entertainment |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 05/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 05/15/31(A) |  | 875 |  | 878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Viking Cruises | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Viking Cruises |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 05/15/25(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 05/15/25(A) |  | 1690 |  | 1690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VOC Escrow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VOC Escrow |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/28(A) |  | 1005 |  | 980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Leisure** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Leisure** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Leisure** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Leisure** |  | 8881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Lodging [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Lodging [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Lodging [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Lodging [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Lodging [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Lodging [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilton Domestic Operating | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilton Domestic Operating |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 05/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 05/01/28(A) |  | 525 |  | 525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilton Domestic Operating | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilton Domestic Operating |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 05/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 05/01/29(A) |  | 375 |  | 349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilton Domestic Operating | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilton Domestic Operating |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/15/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/15/33(A) |  | 300 |  | 297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RHP Hotel Properties | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RHP Hotel Properties |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 04/01/32(A) |  | 425 |  | 425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wyndham Hotels & Resorts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 08/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 08/15/28(A) |  | 375 |  | 358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; XHR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; XHR |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 05/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 05/15/30(A) |  | 125 |  | 123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Lodging** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Lodging** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Lodging** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Lodging** |  | 2077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Manitowoc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Manitowoc |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/01/31(A) |  | 955 |  | 982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery-General Indust [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery-General Indust [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery-General Indust [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery-General Indust [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery-General Indust [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery-General Indust [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Omnia Della Toffola | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Omnia Della Toffola |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.605%, EUR003M + 4.250%, 11/05/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.605%, EUR003M + 4.250%, 11/05/31(B) | EUR | 120 |  | 128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery-Pumps [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery-Pumps [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery-Pumps [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery-Pumps [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery-Pumps [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery-Pumps [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CEME | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CEME |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.855%, EUR003M + 4.500%, 09/30/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.855%, EUR003M + 4.500%, 09/30/31(B) | EUR | 500 |  | 540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Marine Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Marine Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Marine Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Marine Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Marine Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Marine Services [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DP World Salaam | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DP World Salaam |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, H15T5Y + 5.750%, 01/01/74(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, H15T5Y + 5.750%, 01/01/74(B) |  | 2250 |  | 2250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Media Entertainment [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Media Entertainment [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Media Entertainment [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Media Entertainment [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Media Entertainment [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Media Entertainment [0.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CMG Media | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CMG Media |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 06/18/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 06/18/29(A) |  | 250 |  | 216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gray Media | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gray Media |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 11/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 11/15/31(A) |  | 350 |  | 214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lamar Media | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lamar Media |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 01/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 01/15/29 |  | 1000 |  | 972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nexstar Broadcasting | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nexstar Broadcasting |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/15/27(A) |  | 250 |  | 246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Outfront Media Capital | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Outfront Media Capital |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/15/30(A) |  | 925 |  | 846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sinclair Television Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sinclair Television Group |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 03/01/30(A) |  | 450 |  | 331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sinclair Television Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sinclair Television Group |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 12/31/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 12/31/32(A) |  | 175 |  | 108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stagwell Global | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stagwell Global |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/15/29(A) |  | 1550 |  | 1470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Univision Communications | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Univision Communications |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 08/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 08/15/28(A) |  | 200 |  | 201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Univision Communications | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Univision Communications |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 05/01/29(A) |  | 225 |  | 198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Univision Communications | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Univision Communications |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 06/30/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 06/30/30(A) |  | 625 |  | 599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Media Entertainment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Media Entertainment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Media Entertainment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Media Entertainment** |  | 5401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Products & Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Products & Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Products & Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Products & Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Products & Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Products & Services [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LifePoint Health | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LifePoint Health |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 08/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.875%, 08/15/30(A) |  | 450 |  | 475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LifePoint Health | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LifePoint Health |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 10/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.000%, 10/15/30(A) |  | 470 |  | 510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RAY Financing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RAY Financing |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.535%, EUR003M + 3.750%, 07/15/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.535%, EUR003M + 3.750%, 07/15/31(B) | EUR | 400 |  | 434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Medical Products & Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Medical Products & Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Medical Products & Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Medical Products & Services** |  | 1419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metal-Copper [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metal-Copper [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metal-Copper [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metal-Copper [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metal-Copper [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metal-Copper [0.6%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Quantum Minerals | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Quantum Minerals |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 10/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 10/15/27(A) |  | 245 |  | 245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Quantum Minerals | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Quantum Minerals |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 03/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.375%, 03/01/29(A) |  | 2345 |  | 2466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Quantum Minerals | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Quantum Minerals |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 03/01/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 03/01/33(A) |  | 6670 |  | 6757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Metal-Copper** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Metal-Copper** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Metal-Copper** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Metal-Copper** |  | 9468 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 35

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metal-Iron [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metal-Iron [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metal-Iron [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metal-Iron [0.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mineral Resources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mineral Resources |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 05/01/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 05/01/27(A) | $1495 | $1480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mineral Resources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mineral Resources |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 10/01/28(A) | 945 | 944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mineral Resources, MTN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mineral Resources, MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 11/01/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 11/01/27(A) | 490 | 484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Samarco Mineracao | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Samarco Mineracao |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500% PIK, 06/30/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500% PIK, 06/30/31 | 2511 | 2432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Metal-Iron** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Metal-Iron** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Metal-Iron** | 5340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metals & Mining [0.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metals & Mining [0.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metals & Mining [0.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Metals & Mining [0.8%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alcoa Nederland Holding BV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alcoa Nederland Holding BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 03/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 03/15/31(A) | 565 | 581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arsenal AIC Parent | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arsenal AIC Parent |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 10/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 10/01/30(A) | 535 | 546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arsenal AIC Parent | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arsenal AIC Parent |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.500%, 10/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.500%, 10/01/31(A) | 890 | 968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 03/01/29(A) | 650 | 604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 11/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 11/01/29(A) | 125 | 122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 09/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 09/15/31(A) | 175 | 171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 03/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 03/15/32(A) | 1770 | 1699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cleveland-Cliffs |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 05/01/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 05/01/33(A) | 700 | 672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coeur Mining | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coeur Mining |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 02/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 02/15/29(A) | 650 | 617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ivanhoe Mines | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ivanhoe Mines |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 01/23/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 01/23/30(A) | 2180 | 2196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kaiser Aluminum | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kaiser Aluminum |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 06/01/31(A) | 550 | 486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vedanta Resources Finance II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vedanta Resources Finance II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 04/23/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 04/23/26 | 2110 | 2111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vedanta Resources Finance II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vedanta Resources Finance II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.250%, 06/03/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.250%, 06/03/28(A) | 1150 | 1185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vedanta Resources Finance II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vedanta Resources Finance II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.875%, 09/17/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.875%, 09/17/29(A) | 720 | 742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vedanta Resources Finance II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vedanta Resources Finance II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.475%, 07/24/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.475%, 07/24/30(A) | 1860 | 1844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Metals & Mining** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Metals & Mining** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Metals & Mining** | 14544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Midstream [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Midstream [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Midstream [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Midstream [0.5%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Antero Midstream Partners | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Antero Midstream Partners |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/01/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 03/01/27(A) | 2025 | 2019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aris Water Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aris Water Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 04/01/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 04/01/26(A) | 725 | 725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aris Water Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aris Water Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 04/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 04/01/30(A) | 589 | 596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blue Racer Midstream | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blue Racer Midstream |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 07/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 07/15/29(A) | 150 | 153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blue Racer Midstream | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blue Racer Midstream |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 07/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 07/15/32(A) | 200 | 207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CNX Midstream Partners | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CNX Midstream Partners |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 04/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 04/15/30(A) | 875 | 811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DT Midstream | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DT Midstream |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 06/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 06/15/31(A) | 950 | 874 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EQM Midstream Partners | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EQM Midstream Partners |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 04/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 04/01/29(A) | 275 | 281 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hess Midstream Operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hess Midstream Operations |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 06/15/28(A) | 825 | 812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northriver Midstream Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northriver Midstream Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 07/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 07/15/32(A) | 575 | 580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Suburban Propane Partners | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Suburban Propane Partners |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/01/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 03/01/27 | 750 | 747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Suburban Propane Partners | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Suburban Propane Partners |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 06/01/31(A) | 375 | 338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Targa Resources Partners | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Targa Resources Partners |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/15/27 | 850 | 853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Midstream** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Midstream** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Midstream** | 8996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Miscellaneous Manufacturing [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Miscellaneous Manufacturing [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Miscellaneous Manufacturing [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Miscellaneous Manufacturing [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anolis Capital Markets PCC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anolis Capital Markets PCC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 01/01/28(D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.150%, 01/01/28(D) | 552 | 519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Motion Pictures and Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Motion Pictures and Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Motion Pictures and Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Motion Pictures and Services [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warnermedia Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warnermedia Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.279%, 03/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.279%, 03/15/32 | 1721 | 1512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-Ferrous Metals [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-Ferrous Metals [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-Ferrous Metals [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-Ferrous Metals [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minsur | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minsur |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/28/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/28/31 | 3200 | 2939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil Field Services [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil Field Services [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil Field Services [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil Field Services [0.4%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Archrock Partners | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Archrock Partners |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/01/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/01/27(A) | 1300 | 1302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kodiak Gas Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kodiak Gas Services |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/29(A) | 625 | 636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nabors Industries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nabors Industries |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 05/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 05/15/27(A) | 660 | 651 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 36

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nabors Industries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nabors Industries |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 01/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 01/15/28(A) | 200 | $| 184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nabors Industries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nabors Industries |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 01/31/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 01/31/30(A) | 560 |  | 560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nabors Industries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nabors Industries |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 08/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 08/15/31(A) | 225 |  | 195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ORO SG Pte | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ORO SG Pte |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.000%, 12/20/25(C) (D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.000%, 12/20/25(C) (D) | 9675 |  | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Precision Drilling | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Precision Drilling |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 01/15/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 01/15/26(A) | 314 |  | 314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Precision Drilling | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Precision Drilling |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 01/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 01/15/29(A) | 505 |  | 492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transocean Titan Financing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transocean Titan Financing |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 02/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 02/01/28(A) | 861 |  | 878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USA Compression Partners | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; USA Compression Partners |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 03/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 03/15/29(A) | 1225 |  | 1246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Oil Field Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Oil Field Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Oil Field Services** |  | 6468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Packaging [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Packaging [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Packaging [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Packaging [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Packaging [0.5%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARD Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARD Finance |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% PIK, 06/30/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500% PIK, 06/30/27(A) | 836 |  | 50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance USA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ardagh Metal Packaging Finance USA |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/29(A) | 975 |  | 830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ardagh Packaging Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ardagh Packaging Finance |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 08/15/27(A) | 1300 |  | 595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ball | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ball |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 06/15/29 | 675 |  | 683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 01/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 01/15/30(A) | 275 |  | 278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 04/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 04/15/30(A) | 1425 |  | 1440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/15/32(A) | 250 |  | 252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 04/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 04/15/27(A) | 375 |  | 367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 04/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.250%, 04/15/27(A) | 375 |  | 354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OI European Group BV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OI European Group BV |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 02/15/30(A) | 925 |  | 847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Owens-Brockway Glass Container | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Owens-Brockway Glass Container |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 06/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 06/01/32(A) | 175 |  | 167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sealed Air | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sealed Air |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/31(A) | 550 |  | 569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sealed Air | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sealed Air |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 07/15/32(A) | 450 |  | 455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trivium Packaging Finance BV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trivium Packaging Finance BV |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 08/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 08/15/27(A) | 1400 |  | 1393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Packaging** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Packaging** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Packaging** |  | 8280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Paper [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Paper [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Paper [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Paper [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Paper [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clearwater Paper | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clearwater Paper |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 08/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 08/15/28(A) | 575 |  | 535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Graphic Packaging International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Graphic Packaging International |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 07/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 07/15/27(A) | 300 |  | 294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Graphic Packaging International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Graphic Packaging International |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 03/15/28(A) | 300 |  | 282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Paper** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Paper** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Paper** |  | 1111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Paper & Related Products [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Paper & Related Products [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Paper & Related Products [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Paper & Related Products [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Paper & Related Products [0.4%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LD Celulose International GmbH | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LD Celulose International GmbH |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.950%, 01/26/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.950%, 01/26/32 | 2160 |  | 2214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.950%, 01/26/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.950%, 01/26/32(A) | 3720 |  | 3813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Paper & Related Products** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Paper & Related Products** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Paper & Related Products** |  | 6027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Petroleum & Fuel Products [5.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Petroleum & Fuel Products [5.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Petroleum & Fuel Products [5.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Petroleum & Fuel Products [5.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Petroleum & Fuel Products [5.8%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borr IHC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borr IHC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 11/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 11/15/28(A) | 204 |  | 194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borr IHC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borr IHC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.375%, 11/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.375%, 11/15/30(A) | 350 |  | 325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Resources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; California Resources |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 06/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 06/15/29(A) | 955 |  | 970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cosan Overseas | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cosan Overseas |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 02/05/74 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 02/05/74 | 4540 |  | 4531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crescent Energy Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crescent Energy Finance |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 04/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 04/01/32(A) | 995 |  | 980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ecopetrol | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ecopetrol |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/02/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/02/31 | 7550 |  | 6282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ecopetrol | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ecopetrol |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 01/13/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.875%, 01/13/33 | 5142 |  | 5306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ecopetrol | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ecopetrol |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 01/19/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 01/19/36 | 1080 |  | 1052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ecopetrol | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ecopetrol |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 05/28/45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 05/28/45 | 4500 |  | 3163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energean Israel Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energean Israel Finance |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/30/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 03/30/28(A) | 2908 |  | 2770 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 37

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy Transfer | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy Transfer |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, H15T5Y + 2.829%, 10/01/54(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, H15T5Y + 2.829%, 10/01/54(B) | 945 | $| 959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Geopark | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Geopark |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/17/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 01/17/27 | 7780 |  | 7592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Global Partners | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Global Partners |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 01/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 01/15/32(A) | 515 |  | 528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gulfport Energy Operating | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gulfport Energy Operating |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 09/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 09/01/29(A) | 350 |  | 355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilcorp Energy I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilcorp Energy I |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 11/01/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 11/01/33(A) | 2024 |  | 2074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilcorp Energy I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilcorp Energy I |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/35(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/35(A) | 550 |  | 525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kosmos Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kosmos Energy |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 03/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 03/01/28 | 405 |  | 381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kosmos Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kosmos Energy |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 10/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 10/01/31(A) | 6210 |  | 5750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Leviathan Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Leviathan Bond |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/30/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/30/27(A) | 5011 |  | 4938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magnolia Oil & Gas Operating | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magnolia Oil & Gas Operating |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 12/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 12/01/32(A) | 1010 |  | 1011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medco Maple Tree Pte | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medco Maple Tree Pte |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.960%, 04/27/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.960%, 04/27/29(A) | 2800 |  | 2889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NFE Financing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NFE Financing |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.000%, 11/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.000%, 11/15/29(A) | 560 |  | 475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oro Negro Drilling Pte | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oro Negro Drilling Pte |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, \* (D) (E) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, \* (D) (E) | 3683 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oro Negro Drilling Pte | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oro Negro Drilling Pte |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 01/24/24(A) (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 01/24/24(A) (C) | 23137 |  | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petroleos de Venezuela | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petroleos de Venezuela |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 10/27/20(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 10/27/20(C) | 10470 |  | 10261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petroleos de Venezuela | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petroleos de Venezuela |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 05/17/35(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 05/17/35(C) | 8689 |  | 1303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petroleos del Peru | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petroleos del Peru |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/19/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/19/32 | 2900 |  | 2170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petroleos del Peru | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petroleos del Peru |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 06/19/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 06/19/47 | 2025 |  | 1266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petroleos Mexicanos | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petroleos Mexicanos |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 01/28/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 01/28/31 | 8590 |  | 7272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petroleos Mexicanos | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Petroleos Mexicanos |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 02/07/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 02/07/33 | 2335 |  | 2430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prairie Acquiror | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prairie Acquiror |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 08/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 08/01/29(A) | 950 |  | 967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Puma International Financing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Puma International Financing |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 04/25/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 04/25/29 | 1108 |  | 1119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockies Express Pipeline | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockies Express Pipeline |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 05/15/25(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 05/15/25(A) | 825 |  | 822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockies Express Pipeline | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockies Express Pipeline |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 07/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 07/15/29(A) | 522 |  | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockies Express Pipeline | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockies Express Pipeline |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 07/15/38(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 07/15/38(A) | 1148 |  | 1158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seadrill Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seadrill Finance |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 08/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 08/01/30(A) | 650 |  | 649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tallgrass Energy Partners | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tallgrass Energy Partners |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/15/29(A) | 545 |  | 547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Talos Production | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Talos Production |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 02/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 02/01/29(A) | 300 |  | 308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tengizchevroil Finance International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tengizchevroil Finance International |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 08/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 08/15/30 | 3350 |  | 2930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transocean | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transocean |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 02/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.750%, 02/15/30(A) | 500 |  | 519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transocean Aquila | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transocean Aquila |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 09/30/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 09/30/28(A) | 1008 |  | 1024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture Global LNG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture Global LNG |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 02/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 02/01/29(A) | 1323 |  | 1419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture Global LNG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture Global LNG |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, H15T5Y + 5.440%, 03/30/74(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, H15T5Y + 5.440%, 03/30/74(A) (B) | 615 |  | 582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vista Energy Argentina SAU | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vista Energy Argentina SAU |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 12/10/35(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.625%, 12/10/35(A) | 3700 |  | 3601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vital Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vital Energy |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 10/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.750%, 10/15/30 | 480 |  | 488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; YPF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; YPF |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 07/21/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 07/21/27 | 4610 |  | 4573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; YPF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; YPF |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 01/17/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 01/17/31 | 1285 |  | 1340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Petroleum & Fuel Products** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Petroleum & Fuel Products** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Petroleum & Fuel Products** |  | 100321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals [0.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1261229 BC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1261229 BC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 04/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 04/15/32(A) | 425 |  | 422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bausch Health | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bausch Health |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 06/01/28(A) | 300 |  | 242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bausch Health | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bausch Health |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/29(A) | 300 |  | 192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bausch Health | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bausch Health |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 05/30/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 05/30/29(A) | 525 |  | 357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emergent BioSolutions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emergent BioSolutions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/28(A) | 665 |  | 460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grifols | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Grifols |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 10/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 10/15/28(A) | 1050 |  | 971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Organon | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Organon |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 04/30/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 04/30/31(A) | 900 |  | 784 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Organon | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Organon |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/15/34(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/15/34(A) | 1295 |  | 1271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Pharmaceuticals** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Pharmaceuticals** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Pharmaceuticals** |  | 4699 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 38

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Precious Metals [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Precious Metals [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Precious Metals [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Precious Metals [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hecla Mining | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hecla Mining |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 02/15/28 | $333 | $336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Printing & Publishing [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Printing & Publishing [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Printing & Publishing [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Printing & Publishing [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cimpress | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cimpress |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 09/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 09/15/32(A) | 1015 | 933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deluxe | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deluxe |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 09/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 09/15/29(A) | 505 | 507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Printing & Publishing** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Printing & Publishing** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Printing & Publishing** | 1440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emeria SASU | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emeria SASU |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 03/31/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 03/31/28 | 850 | 850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate Investment Trusts [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate Investment Trusts [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate Investment Trusts [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate Investment Trusts [0.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/15/29(A) | 560 | 508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 12/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 12/01/29(A) | 490 | 503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brookfield Property REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brookfield Property REIT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 05/15/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 05/15/26(A) | 2029 | 2012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Global Net Lease | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Global Net Lease |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 12/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 12/15/27(A) | 535 | 503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Necessity Retail REIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Necessity Retail REIT |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/30/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/30/28(A) | 1020 | 961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Real Estate Investment Trusts** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Real Estate Investment Trusts** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Real Estate Investment Trusts** | 4487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate Oper/Develop [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate Oper/Develop [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate Oper/Develop [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate Oper/Develop [0.7%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Country Garden Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Country Garden Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 01/17/25(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 01/17/25(C) | 2600 | 247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Howard Hughes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Howard Hughes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 08/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 08/01/28(A) | 2055 | 1990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kaisa Group Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kaisa Group Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.700%, 11/11/25(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.700%, 11/11/25(C) | 2021 | 86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MAF Global Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MAF Global Securities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, H15T5Y + 3.539%, 09/20/73(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, H15T5Y + 3.539%, 09/20/73(B) | 5175 | 5165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pakuwon Jati | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pakuwon Jati |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 04/29/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 04/29/28 | 5600 | 5330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Real Estate Oper/Develop** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Real Estate Oper/Develop** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Real Estate Oper/Develop** | 12818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Restaurants [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Restaurants [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Restaurants [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Restaurants [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1011778 BC ULC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1011778 BC ULC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 06/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 06/15/29(A) | 225 | 227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1011778 BC ULC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1011778 BC ULC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 09/15/29(A) | 175 | 173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1011778 BC ULC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1011778 BC ULC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/15/30(A) | 2025 | 1832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KFC Holding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KFC Holding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/01/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/01/27(A) | 975 | 961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Restaurants** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Restaurants** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Restaurants** | 3193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retail [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retail [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retail [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retail [0.7%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asbury Automotive Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asbury Automotive Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/01/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 03/01/30 | 230 | 215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bath & Body Works | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bath & Body Works |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 07/01/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 07/01/36 | 1120 | 1116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BlueLinx Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BlueLinx Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/15/29(A) | 1140 | 1073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carvana | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carvana |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000% PIK, 06/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000% PIK, 06/01/30(A) | 1453 | 1538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FirstCash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FirstCash |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 01/01/30(A) | 1089 | 1056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FirstCash | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FirstCash |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 03/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 03/01/32(A) | 2215 | 2244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foot Locker | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foot Locker |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/29(A) | 975 | 807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Future Retail | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Future Retail |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 01/22/25(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.600%, 01/22/25(C) | 16200 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lithia Motors | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lithia Motors |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 01/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 01/15/31(A) | 1080 | 979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macy's Retail Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macy's Retail Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 01/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 01/15/42 | 485 | 330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quicktop Holdco | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quicktop Holdco |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.911%, EUR003M + 4.500%, 03/21/30(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.911%, EUR003M + 4.500%, 03/21/30(A) (B) | 100 | 109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; QVC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; QVC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 04/15/29(A) | 1172 | 814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; QVC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; QVC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 08/15/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.450%, 08/15/34 | 2100 | 1079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Walgreens Boots Alliance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Walgreens Boots Alliance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/18/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/18/34 | 1270 | 1169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Retail** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Retail** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Retail** | 12532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retailers [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retailers [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retailers [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retailers [0.5%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Academy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Academy |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/15/27(A) | 1690 | 1685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asbury Automotive Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asbury Automotive Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 11/15/29(A) | 600 | 562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asbury Automotive Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asbury Automotive Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/15/32(A) | 1625 | 1472 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 39

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Belron UK Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Belron UK Finance |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 10/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 10/15/29(A) | 200 | $| 197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gap | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gap |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 10/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 10/01/29(A) | 225 |  | 203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gap | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gap |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 10/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 10/01/31(A) | 250 |  | 216 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Group 1 Automotive | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Group 1 Automotive |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 01/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.375%, 01/15/30(A) | 855 |  | 855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LCM Investments Holdings II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LCM Investments Holdings II |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 05/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 05/01/29(A) | 100 |  | 94 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LCM Investments Holdings II | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LCM Investments Holdings II |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 08/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 08/01/31(A) | 800 |  | 830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sally Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sally Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/01/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/01/32 | 200 |  | 200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Velocity Vehicle Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Velocity Vehicle Group |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 06/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 06/01/29(A) | 1225 |  | 1257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; William Carter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; William Carter |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 03/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 03/15/27(A) | 400 |  | 397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Retailers** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Retailers** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Retailers** |  | 7968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Semi-Conductors [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Semi-Conductors [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Semi-Conductors [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Semi-Conductors [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Semi-Conductors [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tunghsu Venus Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tunghsu Venus Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 06/12/20(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 06/12/20(C) | 4275 |  | 43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Steel & Steel Works [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Steel & Steel Works [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Steel & Steel Works [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Steel & Steel Works [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Steel & Steel Works [0.4%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSN Islands XI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSN Islands XI |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/28/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 01/28/28 | 800 |  | 764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSN Resources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSN Resources |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/10/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 06/10/31(A) | 5175 |  | 4008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Usiminas International Sarl | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Usiminas International Sarl |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 01/27/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 01/27/32(A) | 2610 |  | 2623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Steel & Steel Works** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Steel & Steel Works** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Steel & Steel Works** |  | 7395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Supermarkets [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Supermarkets [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Supermarkets [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Supermarkets [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Supermarkets [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albertsons | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albertsons |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/28(A) | 200 |  | 203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albertsons | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albertsons |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 03/15/33(A) | 250 |  | 251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Supermarkets** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Supermarkets** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Supermarkets** |  | 454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology [2.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology [2.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology [2.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology [2.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology [2.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amentum Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amentum Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 08/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 08/01/32(A) | 2725 |  | 2681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AthenaHealth Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AthenaHealth Group |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/30(A) | 1650 |  | 1548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capstone Borrower | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capstone Borrower |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 06/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 06/15/30(A) | 625 |  | 642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Central Parent | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Central Parent |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 06/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 06/15/29(A) | 675 |  | 584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarivate Science Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarivate Science Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 07/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 07/01/29(A) | 1175 |  | 1048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cloud Software Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cloud Software Group |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/31/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 03/31/29(A) | 2980 |  | 2894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cloud Software Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cloud Software Group |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 09/30/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 09/30/29(A) | 2020 |  | 2012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cloud Software Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cloud Software Group |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 06/30/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 06/30/32(A) | 225 |  | 229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coherent | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coherent |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/15/29(A) | 1050 |  | 1002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consensus Cloud Solutions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consensus Cloud Solutions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/15/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 10/15/26(A) | 525 |  | 521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consensus Cloud Solutions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consensus Cloud Solutions |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 10/15/28(A) | 625 |  | 611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elastic | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elastic |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 07/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 07/15/29(A) | 950 |  | 886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ellucian Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ellucian Holdings |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 12/01/29(A) | 175 |  | 172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entegris | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entegris |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 04/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 04/15/29(A) | 350 |  | 338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entegris | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entegris |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 06/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.950%, 06/15/30(A) | 1175 |  | 1169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Intermediate 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Intermediate 3 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 06/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.500%, 06/01/31(A) | 450 |  | 454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gen Digital | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gen Digital |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/01/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 04/01/33(A) | 250 |  | 248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GoTo Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GoTo Group |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/01/28(A) | 712 |  | 430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HealthEquity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HealthEquity |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/29(A) | 1225 |  | 1148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insight Enterprises | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insight Enterprises |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 05/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 05/15/32(A) | 200 |  | 202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iron Mountain | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iron Mountain |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.000%, 02/15/29(A) | 1225 |  | 1253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McAfee | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McAfee |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/15/30(A) | 1850 |  | 1638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Millennium Escrow | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Millennium Escrow |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 08/01/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 08/01/26(A) | 375 |  | 266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCR Atleos | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCR Atleos |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 04/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 04/01/29(A) | 225 |  | 243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCR Voyix | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NCR Voyix |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 04/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 04/15/29(A) | 500 |  | 476 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Open Text | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Open Text |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 02/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 02/15/28(A) | 1125 |  | 1060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rocket Software | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rocket Software |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 02/15/29(A) | 1450 |  | 1368 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 40

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seagate HDD Cayman | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seagate HDD Cayman |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.625%, 12/01/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.625%, 12/01/32 | $| 826 | $| 929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seagate HDD Cayman | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seagate HDD Cayman |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 12/01/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 12/01/34 |  | 510 |  | 495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sensata Technologies BV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sensata Technologies BV |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/15/29(A) |  | 600 |  | 551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sensata Technologies BV | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sensata Technologies BV |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 09/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 09/01/30(A) |  | 275 |  | 267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SS&C Technologies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SS&C Technologies |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/30/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/30/27(A) |  | 1550 |  | 1537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Synaptics | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Synaptics |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/15/29(A) |  | 1100 |  | 1009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TTM Technologies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TTM Technologies |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 03/01/29(A) |  | 625 |  | 576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UKG | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UKG |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 02/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 02/01/31(A) |  | 1300 |  | 1319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Viavi Solutions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Viavi Solutions |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 10/01/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 10/01/29(A) |  | 325 |  | 297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zebra Technologies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zebra Technologies |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/32(A) |  | 200 |  | 202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ZipRecruiter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ZipRecruiter |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/15/30(A) |  | 2215 |  | 1946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Technology** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Technology** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Technology** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Technology** |  | 34251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telecommunications [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telecommunications [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telecommunications [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telecommunications [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telecommunications [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telecommunications [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Altice France | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Altice France |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 02/01/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 02/01/27(A) |  | 1060 |  | 946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telephones & Telecommunications [3.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telephones & Telecommunications [3.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telephones & Telecommunications [3.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telephones & Telecommunications [3.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telephones & Telecommunications [3.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telephones & Telecommunications [3.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Africell Holding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Africell Holding |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 10/23/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 10/23/29(A) |  | 7540 |  | 7373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axian Telecom | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axian Telecom |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/16/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/16/27 |  | 1600 |  | 1611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/16/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 02/16/27(A) |  | 8545 |  | 8602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connect Finco SARL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connect Finco SARL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 09/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.000%, 09/15/29(A) |  | 2700 |  | 2460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CT Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CT Trust |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 02/03/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 02/03/32(A) |  | 3195 |  | 2921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Digicel | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Digicel |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/01/23(A) (C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 03/01/23(A) (C) |  | 4800 |  | 96 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eutelsat | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eutelsat |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 10/13/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 10/13/28 | EUR | 300 |  | 254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frontier Communications Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frontier Communications Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 10/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 10/15/27(A) |  | 965 |  | 962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iliad Holding SASU | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Iliad Holding SASU |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 04/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.500%, 04/15/31(A) |  | 1025 |  | 1075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Level 3 Financing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Level 3 Financing |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 05/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.500%, 05/15/30(A) |  | 875 |  | 943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Level 3 Financing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Level 3 Financing |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.750%, 12/15/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.750%, 12/15/30(A) |  | 875 |  | 967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Level 3 Financing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Level 3 Financing |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 10/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.000%, 10/15/32(A) |  | 525 |  | 524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liberty Costa Rica Senior Secured Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liberty Costa Rica Senior Secured Finance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.875%, 01/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.875%, 01/15/31(A) |  | 2400 |  | 2566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liquid Telecommunications Financing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liquid Telecommunications Financing |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/04/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/04/26 |  | 2510 |  | 2184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Millicom International Cellular | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Millicom International Cellular |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/27/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 04/27/31 |  | 3485 |  | 3087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sable International Finance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sable International Finance |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 10/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 10/15/32(A) |  | 500 |  | 479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telecom Argentina | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telecom Argentina |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 07/18/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 07/18/26 |  | 2930 |  | 2967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telecom Argentina | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telecom Argentina |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 07/18/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.500%, 07/18/31(A) |  | 2275 |  | 2357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turkcell Iletisim Hizmetleri | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turkcell Iletisim Hizmetleri |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.450%, 01/24/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.450%, 01/24/30(A) |  | 4430 |  | 4468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VEON Holdings BV, MTN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VEON Holdings BV, MTN |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/09/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/09/25 |  | 3600 |  | 3582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VEON Holdings BV, MTN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VEON Holdings BV, MTN |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 11/25/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 11/25/27 |  | 1750 |  | 1599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vmed O2 UK Financing I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vmed O2 UK Financing I |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 01/31/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 01/31/31 | EUR | 400 |  | 397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vmed O2 UK Financing I | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vmed O2 UK Financing I |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 04/15/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 04/15/32(A) |  | 525 |  | 526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Telephones & Telecommunications** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Telephones & Telecommunications** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Telephones & Telecommunications** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Telephones & Telecommunications** |  | 52000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Textile-Products [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Textile-Products [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Textile-Products [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Textile-Products [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Textile-Products [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Textile-Products [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golden Legacy Pte. Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golden Legacy Pte. Ltd. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 03/27/24(C) (D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 03/27/24(C) (D) |  | 15640 |  | 391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prime Bloom Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prime Bloom Holdings |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 07/05/22(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.950%, 07/05/22(C) |  | 16500 |  | 214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Textile-Products** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Textile-Products** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Textile-Products** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Textile-Products** |  | 605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transportation Services [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transportation Services [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transportation Services [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transportation Services [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transportation Services [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transportation Services [0.9%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adani International Container Terminal Pvt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adani International Container Terminal Pvt |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/16/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 02/16/31 |  | 4648 |  | 3976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mersin Uluslararasi Liman Isletmeciligi | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mersin Uluslararasi Liman Isletmeciligi |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 11/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 11/15/28(A) |  | 4160 |  | 4267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sabre GLBL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sabre GLBL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.250%, 12/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.250%, 12/15/27(A) |  | 885 |  | 938 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 41

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sabre GLBL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sabre GLBL |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.750%, 11/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.750%, 11/15/29(A) | 413 | $| 416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stena International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stena International |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 01/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 01/15/31(A) | 200 |  | 200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transnet SOC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transnet SOC |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 02/06/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 02/06/28 | 3950 |  | 4019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Viking Cruises | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Viking Cruises |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 07/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.125%, 07/15/31(A) | 1096 |  | 1170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Watco | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Watco |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 08/01/32(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.125%, 08/01/32(A) | 350 |  | 352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Transportation Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Transportation Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Transportation Services** |  | 15338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transport-Equip and Leasing [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transport-Equip and Leasing [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transport-Equip and Leasing [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transport-Equip and Leasing [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transport-Equip and Leasing [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Transportation and Infrastructure Investors | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Transportation and Infrastructure Investors |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 12/01/30(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 12/01/30(A) | 975 |  | 1018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utility - Electric [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utility - Electric [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utility - Electric [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utility - Electric [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utility - Electric [0.5%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Calpine | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Calpine |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 02/15/28(A) | 925 |  | 896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Calpine | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Calpine |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 03/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 03/15/28(A) | 325 |  | 320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NRG Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NRG Energy |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 02/01/33(A) | 425 |  | 414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NRG Energy | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NRG Energy |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 11/01/34(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 11/01/34(A) | 1510 |  | 1487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TerraForm Power Operating | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TerraForm Power Operating |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/31/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/31/28(A) | 1125 |  | 1088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransAlta | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransAlta |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 11/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 11/15/29 | 100 |  | 104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra Operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra Operations |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/26(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 09/01/26(A) | 1000 |  | 999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra Operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra Operations |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 02/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 02/15/27(A) | 325 |  | 324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra Operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra Operations |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 10/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.750%, 10/15/31(A) | 1545 |  | 1620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/15/27(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/15/27(A) | 225 |  | 210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 01/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.250%, 01/15/29(A) | 500 |  | 492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 01/15/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.375%, 01/15/31(A) | 75 |  | 74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; XPLR Infrastructure Operating Partners |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 03/15/33(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 03/15/33(A) | 400 |  | 389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utility - Electric** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utility - Electric** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utility - Electric** |  | 8417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Water [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Water [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Water [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Water [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Water [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aegea Finance Sarl | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aegea Finance Sarl |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/20/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 05/20/29(A) | 2450 |  | 2431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Corporate Bonds** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Corporate Bonds** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Corporate Bonds** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $898,434) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $898,434) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $898,434) |  | 788931 |
|  **Loan Participations [19.4%]** | **Loan Participations [19.4%]** | **Loan Participations [19.4%]** | **Loan Participations [19.4%]** | **Loan Participations [19.4%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Aerospace and Defense [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Aerospace and Defense [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Aerospace and Defense [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Aerospace and Defense [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Aerospace and Defense [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Airlines, Inc., 2020 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Airlines, Inc., 2020 Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.175%, LIBOR + 1.750%, 01/29/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.175%, LIBOR + 1.750%, 01/29/27 | 95 |  | 94 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HDI Aerosapce, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HDI Aerosapce, Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.822%, 09/19/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.822%, 09/19/31 | 1300 |  | 1290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KBR, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KBR, Term Loan B, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.324%, 01/19/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.324%, 01/19/31 | 1057 |  | 1053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McAfee Corp., Second Amendment Tranche B-1 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McAfee Corp., Second Amendment Tranche B-1 Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.323%, CME Term SOFR + 3.000%, 03/01/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.323%, CME Term SOFR + 3.000%, 03/01/29(B) | 64 |  | 60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peraton Corp., Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peraton Corp., Term B Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.175%, CME Term SOFR + 3.750%, 02/01/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.175%, CME Term SOFR + 3.750%, 02/01/28(B) | 1094 |  | 972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spirit Aerosystems, Inc., 2022 Refinancing Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Spirit Aerosystems, Inc., 2022 Refinancing Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.791%, CME Term SOFR + 4.250%, 11/08/27(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.791%, CME Term SOFR + 4.250%, 11/08/27(B) | 713 |  | 713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Aerospace and Defense** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Aerospace and Defense** |  |  | 4182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automobile [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automobile [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automobile [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automobile [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automobile [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Belfor Holdings Inc., Tranche B-3 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Belfor Holdings Inc., Tranche B-3 Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.325%, CME Term SOFR + 3.000%, 11/01/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.325%, CME Term SOFR + 3.000%, 11/01/30(B) | 1367 |  | 1364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Herens Holdco S.a r.l., Facility B (EUR), 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Herens Holdco S.a r.l., Facility B (EUR), 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.768%, Euribor + 3.925%, 07/03/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.768%, Euribor + 3.925%, 07/03/28(B) | 1000 |  | 1024 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 42

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; M2S Group Intermediate Holdings, Inc., Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; M2S Group Intermediate Holdings, Inc., Initial Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.050%, CME Term SOFR + 4.750%, 08/25/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.050%, CME Term SOFR + 4.750%, 08/25/31(B) | 664 | $| 636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinseo Materials Operating S.C.A., 2021 Incremental Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trinseo Materials Operating S.C.A., 2021 Incremental Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.075%, CME Term SOFR + 2.500%, 05/03/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.075%, CME Term SOFR + 2.500%, 05/03/28(B) | 736 |  | 340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Automobile** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Automobile** |  |  | 3364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Beverage, Food and Tobacco [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Beverage, Food and Tobacco [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Beverage, Food and Tobacco [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Beverage, Food and Tobacco [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Beverage, Food and Tobacco [0.4%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chemours Company, The, Tranche B-3 US$ Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chemours Company, The, Tranche B-3 US$ Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.325%, CME Term SOFR + 3.000%, 08/18/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.325%, CME Term SOFR + 3.000%, 08/18/28(B) | 447 |  | 445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golden Entertainment, Inc., 2023 Refinancing Term B-1 Facility Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golden Entertainment, Inc., 2023 Refinancing Term B-1 Facility Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 05/26/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 05/26/30(B) | 1442 |  | 1433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golden State Foods LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golden State Foods LLC, Initial Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.564%, CME Term SOFR + 4.250%, 12/04/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.564%, CME Term SOFR + 4.250%, 12/04/31(B) | 368 |  | 369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodnight Water Solutions Holdings, LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodnight Water Solutions Holdings, LLC, Initial Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.825%, CME Term SOFR + 4.500%, 06/04/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.825%, CME Term SOFR + 4.500%, 06/04/29(B) | 1249 |  | 1246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peralta Inversiones Globales, S.L.U., Facility B2, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peralta Inversiones Globales, S.L.U., Facility B2, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.285%, Euribor + 3.500%, 07/18/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.285%, Euribor + 3.500%, 07/18/31(B) | 1000 |  | 1076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Radar Bidco SARL, Facility B2 (EUR), 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Radar Bidco SARL, Facility B2 (EUR), 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.481%, Euribor + 3.750%, 04/04/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.481%, Euribor + 3.750%, 04/04/31(B) | 1000 |  | 1081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Red Planet Borrower, LLC, Third Amendment Incremental Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Red Planet Borrower, LLC, Third Amendment Incremental Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.575%, CME Term SOFR + 5.250%, 10/02/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.575%, CME Term SOFR + 5.250%, 10/02/28(B) | 120 |  | 119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Red SPV, LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Red SPV, LLC, Initial Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 03/15/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 03/15/32(B) | 470 |  | 466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Beverage, Food and Tobacco** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Beverage, Food and Tobacco** |  |  | 6235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting & Cable [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting & Cable [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting & Cable [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting & Cable [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting & Cable [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cable One Inc, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cable One Inc, Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.438%, 05/03/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.438%, 05/03/28 | 977 |  | 948 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting and Entertainment [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting and Entertainment [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting and Entertainment [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting and Entertainment [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting and Entertainment [0.6%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating, LLC, Term B-4 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating, LLC, Term B-4 Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.310%, 12/07/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.310%, 12/07/30 | 1158 |  | 1152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neptune BidCo US Inc., Dollar Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neptune BidCo US Inc., Dollar Term B Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.389%, CME Term SOFR + 5.000%, 04/11/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.389%, CME Term SOFR + 5.000%, 04/11/29(B) | 766 |  | 658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neptune BidCo US Inc., Euro Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neptune BidCo US Inc., Euro Term B Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.789%, EURIBOR + 5.000%, 04/11/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.789%, EURIBOR + 5.000%, 04/11/29(B) | 483 |  | 489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neptune BidCo US Inc., Term A Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neptune BidCo US Inc., Term A Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.139%, CME Term SOFR + 4.750%, 10/11/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.139%, CME Term SOFR + 4.750%, 10/11/28(B) | 575 |  | 493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neptune BidCo US Inc., Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neptune BidCo US Inc., Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.863%, 03/06/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.863%, 03/06/28 | 998 |  | 1070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.139%, CME Term SOFR + 9.750%, 10/11/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.139%, CME Term SOFR + 9.750%, 10/11/29(B) | 1060 |  | 1039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NGP XI Midstream Holdings, L.L.C., Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NGP XI Midstream Holdings, L.L.C., Initial Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.799%, CME Term SOFR + 3.500%, 07/25/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.799%, CME Term SOFR + 3.500%, 07/25/31(B) | 439 |  | 437 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 43

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Univision Communications Inc., Tem Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Univision Communications Inc., Tem Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.938%, 01/31/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.938%, 01/31/29 | 622 | $| 604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virgin Media Ireland Limited, Facility B1, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virgin Media Ireland Limited, Facility B1, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.943%, EURIBOR + 3.500%, 07/15/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.943%, EURIBOR + 3.500%, 07/15/29(B) | 2000 |  | 2142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virgin Media SFA, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virgin Media SFA, Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.662%, 12/31/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.662%, 12/31/29 | 1000 |  | 987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ziggo Financing Partnership, Term Loan I Facility, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ziggo Financing Partnership, Term Loan I Facility, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.926%, LIBOR + 2.500%, 04/30/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.926%, LIBOR + 2.500%, 04/30/28(B) | 1085 |  | 1056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Broadcasting and Entertainment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Broadcasting and Entertainment** |  |  | 10127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Buildings and Real Estate [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Buildings and Real Estate [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Buildings and Real Estate [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Buildings and Real Estate [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Buildings and Real Estate [0.6%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackhawk Network Holdings, Inc., Additional Term B-2 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackhawk Network Holdings, Inc., Additional Term B-2 Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.325%, CME Term SOFR + 4.000%, 03/12/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.325%, CME Term SOFR + 4.000%, 03/12/29(B) | 591 |  | 588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc., Term B-4 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc., Term B-4 Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.825%, CME Term SOFR + 3.500%, 05/09/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.825%, CME Term SOFR + 3.500%, 05/09/29(B) | 145 |  | 144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cloud Software Group, Inc., Sixth Amendment Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cloud Software Group, Inc., Sixth Amendment Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.049%, CME Term SOFR + 3.750%, 03/21/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.049%, CME Term SOFR + 3.750%, 03/21/31(B) | 464 |  | 459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ineos Finance PLC, 2031 Euro Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ineos Finance PLC, 2031 Euro Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.613%, Euribor + 3.250%, 02/07/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.613%, Euribor + 3.250%, 02/07/31(B) | 1000 |  | 1059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ineos Quattro Holdings UK Limited, 2029 Tranche B Dollar Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ineos Quattro Holdings UK Limited, 2029 Tranche B Dollar Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.675%, CME Term SOFR + 4.250%, 04/02/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.675%, CME Term SOFR + 4.250%, 04/02/29(B) | 515 |  | 493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ineos Quattro Holdings UK Limited, 2031 Tranche B Dollar Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ineos Quattro Holdings UK Limited, 2031 Tranche B Dollar Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.575%, CME Term SOFR + 4.250%, 10/07/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.575%, CME Term SOFR + 4.250%, 10/07/31(B) | 110 |  | 103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ineos US Finance LLC, 2030 Dollar Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ineos US Finance LLC, 2030 Dollar Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.575%, CME Term SOFR + 3.250%, 02/18/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.575%, CME Term SOFR + 3.250%, 02/18/30(B) | 791 |  | 758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ineos US Finance LLC, 2031 Dollar Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ineos US Finance LLC, 2031 Dollar Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.325%, CME Term SOFR + 3.000%, 02/07/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.325%, CME Term SOFR + 3.000%, 02/07/31(B) | 1788 |  | 1704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oscar AcquisitionCo, LLC, Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oscar AcquisitionCo, LLC, Term B Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.549%, CME Term SOFR + 4.250%, 04/29/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.549%, CME Term SOFR + 4.250%, 04/29/29(B) | 1121 |  | 1045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Platea (BC) Bidco AB, Facility B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Platea (BC) Bidco AB, Facility B, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.355%, Euribor + 4.500%, 02/21/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.355%, Euribor + 4.500%, 02/21/31(B) | 833 |  | 901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Victra Holdings, LLC, Fourth Amendment Incremental Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Victra Holdings, LLC, Fourth Amendment Incremental Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.549%, CME Term SOFR + 4.250%, 03/31/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.549%, CME Term SOFR + 4.250%, 03/31/29(B) | 597 |  | 595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virgin Media Bristol LLC, Facility Q, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virgin Media Bristol LLC, Facility Q, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.684%, CME Term SOFR + 3.250%, 01/31/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.684%, CME Term SOFR + 3.250%, 01/31/29(B) | 1825 |  | 1787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virgin Media Bristol LLC, Facility Y, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virgin Media Bristol LLC, Facility Y, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.724%, CME Term SOFR + 3.175%, 03/31/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.724%, CME Term SOFR + 3.175%, 03/31/31(B) | 200 |  | 192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WhiteWater Whistler Holdings, LLC, Term B-3 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WhiteWater Whistler Holdings, LLC, Term B-3 Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.049%, CME Term SOFR + 1.750%, 02/15/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.049%, CME Term SOFR + 1.750%, 02/15/30(B) | 414 |  | 411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Buildings and Real Estate** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Buildings and Real Estate** |  |  | 10239 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 44

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Business Equipment & Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Business Equipment & Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Business Equipment & Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Business Equipment & Services [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerald Expo, Cov-Lite Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Emerald Expo, Cov-Lite Term Loan B, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.074%, 01/23/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.074%, 01/23/32 | $591 | $589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cargo Transport [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cargo Transport [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cargo Transport [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cargo Transport [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Edge Finco PLC, Additional Facility B1, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Edge Finco PLC, Additional Facility B1, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.021%, Euribor + 3.500%, 08/22/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.021%, Euribor + 3.500%, 08/22/31(B) | 1000 | 1077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Styrolution, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Styrolution, Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.424%, 01/22/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.424%, 01/22/27 | 529 | 511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals, Plastics and Rubber [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals, Plastics and Rubber [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals, Plastics and Rubber [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals, Plastics and Rubber [0.4%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARC Falcon I Inc., Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARC Falcon I Inc., Initial Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.924%, LIBOR + 3.750%, 09/22/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.924%, LIBOR + 3.750%, 09/22/28(B) | 1938 | 1910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating, LLC, Term B-5 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating, LLC, Term B-5 Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.560%, CME Term SOFR + 2.250%, 12/15/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.560%, CME Term SOFR + 2.250%, 12/15/31(B) | 970 | 966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Creation Technologies Inc., Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Creation Technologies Inc., Initial Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.058%, CME Term SOFR + 5.500%, 10/05/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.058%, CME Term SOFR + 5.500%, 10/05/28(B) | 1387 | 1342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INEOS Enterprises Holdings US Finco LLC, 2030 Tranche B Euro Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INEOS Enterprises Holdings US Finco LLC, 2030 Tranche B Euro Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.499%, Euribor + 4.000%, 07/08/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.499%, Euribor + 4.000%, 07/08/30(B) | 1000 | 1078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KREF Holdings X LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KREF Holdings X LLC, Initial Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.571%, CME Term SOFR + 3.250%, 03/05/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.571%, CME Term SOFR + 3.250%, 03/05/32(B) | 360 | 358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rain Carbon, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rain Carbon, Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.426%, 10/31/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.426%, 10/31/28 | 1000 | 1073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sirona Bidco, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sirona Bidco, Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.978%, 10/20/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.978%, 10/20/28 | 1000 | 879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Chemicals, Plastics and Rubber** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Chemicals, Plastics and Rubber** |  | 7606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Durables [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Durables [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Durables [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Durables [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Justrite (Safety Products) Term Loan B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Justrite (Safety Products) Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.924%, 06/28/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.924%, 06/28/26 | 918 | 913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Products [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Products [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Products [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Products [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stiga SPA, Term Loan B-1, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stiga SPA, Term Loan B-1, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.444%, 03/02/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.444%, 03/02/26 | 2584 | 2570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Containers, Packaging and Glass [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Containers, Packaging and Glass [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Containers, Packaging and Glass [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Containers, Packaging and Glass [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GN Loanco, LLC, Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GN Loanco, LLC, Term B Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.791%, CME Term SOFR + 4.500%, 12/19/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.791%, CME Term SOFR + 4.500%, 12/19/30(B) | 478 | 464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kleopatra Finco S.a r.l., Facility B (EUR), 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kleopatra Finco S.a r.l., Facility B (EUR), 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.114%, EURIBOR + 4.725%, 02/12/26(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.114%, EURIBOR + 4.725%, 02/12/26(B) | 1000 | 984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neon Maple Purchaser Inc., Tranche B-1 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neon Maple Purchaser Inc., Tranche B-1 Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.325%, CME Term SOFR + 3.000%, 11/17/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.325%, CME Term SOFR + 3.000%, 11/17/31(B) | 1530 | 1518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Containers, Packaging and Glass** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Containers, Packaging and Glass** |  | 2966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified Natural Resources, Precious Metals and Minerals [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified Natural Resources, Precious Metals and Minerals [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified Natural Resources, Precious Metals and Minerals [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified Natural Resources, Precious Metals and Minerals [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Domtar Corporation, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Domtar Corporation, Initial Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.939%, LIBOR + 5.500%, 11/30/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.939%, LIBOR + 5.500%, 11/30/28(B) | 375 | 364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified/Conglomerate Manufacturing [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified/Conglomerate Manufacturing [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified/Conglomerate Manufacturing [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified/Conglomerate Manufacturing [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Froneri International Limited, Facility B3, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Froneri International Limited, Facility B3, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.098%, Euribor + 2.500%, 09/30/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.098%, Euribor + 2.500%, 09/30/31(B) | 1000 | 1075 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 45

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frontier Communications Holdings, LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frontier Communications Holdings, LLC, Initial Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.792%, CME Term SOFR + 2.500%, 07/01/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.792%, CME Term SOFR + 2.500%, 07/01/31(B) | $| 798 | $| 796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pegasus BidCo B.V., 2024-2 Euro Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pegasus BidCo B.V., 2024-2 Euro Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.022%, Euribor + 3.500%, 07/12/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.022%, Euribor + 3.500%, 07/12/29(B) |  | 1000 |  | 1082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TRC Companies LLC, 2025 Refinancing Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TRC Companies LLC, 2025 Refinancing Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.325%, CME Term SOFR + 3.000%, 12/08/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.325%, CME Term SOFR + 3.000%, 12/08/28(B) |  | 735 |  | 727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra Operations Company LLC, 2018 Incremental Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra Operations Company LLC, 2018 Incremental Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.075%, CME Term SOFR + 1.750%, 12/20/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.075%, CME Term SOFR + 1.750%, 12/20/30(B) |  | 455 |  | 454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Diversified/Conglomerate Manufacturing** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Diversified/Conglomerate Manufacturing** |  |  |  | 4134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified/Conglomerate Service [1.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified/Conglomerate Service [1.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified/Conglomerate Service [1.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified/Conglomerate Service [1.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified/Conglomerate Service [1.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified/Conglomerate Service [1.6%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AHP Health Partners, Inc., 2024 Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AHP Health Partners, Inc., 2024 Term B Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.075%, CME Term SOFR + 2.750%, 08/24/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.075%, CME Term SOFR + 2.750%, 08/24/28(B) |  | 615 |  | 614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AI Silk Midco Limited, Facility B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AI Silk Midco Limited, Facility B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.105%, Euribor + 4.750%, 03/04/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.105%, Euribor + 4.750%, 03/04/31(B) |  | 1500 |  | 1612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bach Finance Limited, Eleventh Amendment Dollar Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bach Finance Limited, Eleventh Amendment Dollar Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.496%, CME Term SOFR + 3.250%, 01/09/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.496%, CME Term SOFR + 3.250%, 01/09/32(B) |  | 570 |  | 569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bakelite US Holdco, Inc., Initial Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bakelite US Holdco, Inc., Initial Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.049%, CME Term SOFR + 3.750%, 12/23/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.049%, CME Term SOFR + 3.750%, 12/23/31(B) |  | 1005 |  | 992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cengage Learning, Inc., 2024 Refinancing Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cengage Learning, Inc., 2024 Refinancing Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.829%, CME Term SOFR + 3.500%, 03/24/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.829%, CME Term SOFR + 3.500%, 03/24/31(B) |  | 827 |  | 819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cidron Atrium SE, Facility B1, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cidron Atrium SE, Facility B1, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.350%, EURIBOR + 5.000%, 05/22/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.350%, EURIBOR + 5.000%, 05/22/28(B) | EUR | 1500 |  | 1623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cimpress plc, 2024-2 Refinancing Tranche B-1 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cimpress plc, 2024-2 Refinancing Tranche B-1 Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.825%, CME Term SOFR + 2.500%, 05/17/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.825%, CME Term SOFR + 2.500%, 05/17/28(B) |  | 446 |  | 435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Circet Europe, Senior Facility B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Circet Europe, Senior Facility B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.605%, EURIBOR + 3.250%, 10/13/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.605%, EURIBOR + 3.250%, 10/13/28(B) |  | 1500 |  | 1610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CPPIB OVM Member U.S. LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CPPIB OVM Member U.S. LLC, Initial Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.049%, CME Term SOFR + 2.750%, 08/20/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.049%, CME Term SOFR + 2.750%, 08/20/31(B) |  | 567 |  | 563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dedalus Finance GmbH, Senior Facility B2, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dedalus Finance GmbH, Senior Facility B2, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.418%, EURIBOR + 3.750%, 07/17/27(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.418%, EURIBOR + 3.750%, 07/17/27(B) |  | 1000 |  | 1075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dynamo Midco B.V., Facility B (USD), 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dynamo Midco B.V., Facility B (USD), 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.762%, CME Term SOFR + 3.500%, 09/30/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.762%, CME Term SOFR + 3.500%, 09/30/31(B) |  | 304 |  | 304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EMRLD Borrower LP, Second Amendment Incremental Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EMRLD Borrower LP, Second Amendment Incremental Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.799%, CME Term SOFR + 2.500%, 08/04/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.799%, CME Term SOFR + 2.500%, 08/04/31(B) |  | 418 |  | 414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forest City Enterprises, L.P., Replacement Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forest City Enterprises, L.P., Replacement Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.939%, CME Term SOFR + 3.500%, 12/08/25(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.939%, CME Term SOFR + 3.500%, 12/08/25(B) |  | 1865 |  | 1816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Idemia Group S.A.S., Facility B5 (EUR), 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Idemia Group S.A.S., Facility B5 (EUR), 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.355%, Euribor + 4.000%, 09/30/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.355%, Euribor + 4.000%, 09/30/28(B) |  | 1500 |  | 1624 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 46

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lackawanna Energy Center LLC, Term B-2 Advance, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lackawanna Energy Center LLC, Term B-2 Advance, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.575%, CME Term SOFR + 4.250%, 08/06/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.575%, CME Term SOFR + 4.250%, 08/06/29(B) | $723 | $722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lackawanna Energy Center LLC, Term C Advance, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lackawanna Energy Center LLC, Term C Advance, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.575%, CME Term SOFR + 4.250%, 08/06/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.575%, CME Term SOFR + 4.250%, 08/06/29(B) | 158 | 158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Leia Finco US LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Leia Finco US LLC, Initial Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.535%, CME Term SOFR + 3.250%, 10/09/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.535%, CME Term SOFR + 3.250%, 10/09/31(B) | 1005 | 994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medical Solutions Holdings, Inc., Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medical Solutions Holdings, Inc., Initial Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.891%, CME Term SOFR + 3.500%, 11/01/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.891%, CME Term SOFR + 3.500%, 11/01/28(B) | 894 | 570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minerals Technologies Inc., Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minerals Technologies Inc., Term B Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.322%, CME Term SOFR + 2.000%, 11/26/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.322%, CME Term SOFR + 2.000%, 11/26/31(B) | 520 | 519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ontario Gaming GTA Limited Partnership, Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ontario Gaming GTA Limited Partnership, Term B Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.549%, CME Term SOFR + 4.250%, 08/01/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.549%, CME Term SOFR + 4.250%, 08/01/30(B) | 763 | 750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc., Tranche B-3 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc., Tranche B-3 Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 02/10/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 02/10/32(B) | 690 | 682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Radiate Holdco, LLC, Amendment No. 6 Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Radiate Holdco, LLC, Amendment No. 6 Term B Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.689%, CME Term SOFR + 3.250%, 09/25/26(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.689%, CME Term SOFR + 3.250%, 09/25/26(B) | 699 | 596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ramudden Global (Group) GmbH, Facility B4, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ramudden Global (Group) GmbH, Facility B4, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.889%, Euribor + 3.500%, 12/10/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.889%, Euribor + 3.500%, 12/10/29(B) | 1000 | 1071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rand Parent, LLC, 2025 Refinancing Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rand Parent, LLC, 2025 Refinancing Term B Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.299%, CME Term SOFR + 3.000%, 03/17/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.299%, CME Term SOFR + 3.000%, 03/17/30(B) | 1335 | 1316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rubix Group Finco Limited, Extended Facility B Additional Facility, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rubix Group Finco Limited, Extended Facility B Additional Facility, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.535%, Euribor + 4.000%, 09/30/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.535%, Euribor + 4.000%, 09/30/28(B) | 1000 | 1080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sabre GLBL Inc., 2022 Term B-2 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sabre GLBL Inc., 2022 Term B-2 Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.425%, CME Term SOFR + 5.000%, 06/30/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.425%, CME Term SOFR + 5.000%, 06/30/28(B) | 821 | 788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Savor Acquisition, Inc., Delayed Draw Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Savor Acquisition, Inc., Delayed Draw Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, UNFND + 0.000%, 02/19/32(B) (F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, UNFND + 0.000%, 02/19/32(B) (F) | 44 | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Savor Acquisition, Inc., Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Savor Acquisition, Inc., Initial Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.575%, CME Term SOFR + 3.250%, 02/19/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.575%, CME Term SOFR + 3.250%, 02/19/32(B) | 466 | 465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Smyrna Ready Mix Concrete, LLC, 2025 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Smyrna Ready Mix Concrete, LLC, 2025 Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.319%, CME Term SOFR + 3.000%, 04/02/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.319%, CME Term SOFR + 3.000%, 04/02/29(B) | 513 | 509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sunrise Financing Partnership, Facility AAA, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sunrise Financing Partnership, Facility AAA, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.793%, CME Term SOFR + 2.500%, 02/15/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.793%, CME Term SOFR + 2.500%, 02/15/32(B) | 608 | 602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venga Finance S.a r.l., 2025 Incremental Dollar Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venga Finance S.a r.l., 2025 Incremental Dollar Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.325%, CME Term SOFR + 3.750%, 06/28/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.325%, CME Term SOFR + 3.750%, 06/28/29(B) | 1618 | 1615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ZF Invest, Senior Facility B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ZF Invest, Senior Facility B, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.241%, EURIBOR + 3.475%, 07/12/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.241%, EURIBOR + 3.475%, 07/12/28(B) | 1000 | 1073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Diversified/Conglomerate Service** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Diversified/Conglomerate Service** |  | 27624 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 47

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Ecological [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Ecological [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Ecological [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Ecological [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Herschend Entertainment Company, LLC, Initial Term Loan (2021), 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Herschend Entertainment Company, LLC, Initial Term Loan (2021), 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.325%, CME Term SOFR + 3.000%, 08/27/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.325%, CME Term SOFR + 3.000%, 08/27/28(B) | $712 | $712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hexion Holdings Corporation, 2024 Refinancing Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hexion Holdings Corporation, 2024 Refinancing Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.325%, CME Term SOFR + 4.000%, 03/15/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.325%, CME Term SOFR + 4.000%, 03/15/29(B) | 879 | 852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hexion Holdings Corporation, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hexion Holdings Corporation, Initial Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.862%, CME Term SOFR + 7.438%, 03/15/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.862%, CME Term SOFR + 7.438%, 03/15/30(B) | 607 | 574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Primo Brands Corporation, 2025 Refinancing Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Primo Brands Corporation, 2025 Refinancing Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.549%, CME Term SOFR + 2.250%, 03/31/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.549%, CME Term SOFR + 2.250%, 03/31/28(B) | 2117 | 2107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Ecological** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Ecological** |  | 4245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electronics [1.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electronics [1.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electronics [1.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electronics [1.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adeia Inc., Initial Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adeia Inc., Initial Term B Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.825%, CME Term SOFR + 2.500%, 06/08/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.825%, CME Term SOFR + 2.500%, 06/08/28(B) | 951 | 949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aramark Intermediate HoldCo Corporation, U.S. Term B-8 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aramark Intermediate HoldCo Corporation, U.S. Term B-8 Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.325%, CME Term SOFR + 2.000%, 06/22/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.325%, CME Term SOFR + 2.000%, 06/22/30(B) | 380 | 379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aretec Group, Inc. (fka RCS Capital Corporation), Term B-3 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aretec Group, Inc. (fka RCS Capital Corporation), Term B-3 Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.825%, CME Term SOFR + 3.500%, 08/09/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.825%, CME Term SOFR + 3.500%, 08/09/30(B) | 2371 | 2349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boost Newco Borrower, LLC, USD Term B-2 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boost Newco Borrower, LLC, USD Term B-2 Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.299%, CME Term SOFR + 2.000%, 01/31/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.299%, CME Term SOFR + 2.000%, 01/31/31(B) | 599 | 594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boxer Parent Company Inc., 2031 Replacement Dollar Term Loan, 2nd Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boxer Parent Company Inc., 2031 Replacement Dollar Term Loan, 2nd Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.291%, CME Term SOFR + 3.000%, 07/30/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.291%, CME Term SOFR + 3.000%, 07/30/31(B) | 790 | 775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cloud Software Group, Inc., Seventh Amendment Tranche B-1 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cloud Software Group, Inc., Seventh Amendment Tranche B-1 Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.799%, CME Term SOFR + 3.500%, 03/30/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.799%, CME Term SOFR + 3.500%, 03/30/29(B) | 1536 | 1521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clover Holdings 2, LLC, Initial Floating Rate Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clover Holdings 2, LLC, Initial Floating Rate Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.295%, CME Term SOFR + 4.000%, 12/09/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.295%, CME Term SOFR + 4.000%, 12/09/31(B) | 475 | 469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corpay Technologies Operating Company, LLC, Term B-5 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corpay Technologies Operating Company, LLC, Term B-5 Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.075%, CME Term SOFR + 1.750%, 04/28/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.075%, CME Term SOFR + 1.750%, 04/28/28(B) | 955 | 952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delachaux Group SAS, 2024 Incremental Facility, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Delachaux Group SAS, 2024 Incremental Facility, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.112%, Euribor + 3.500%, 04/16/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.112%, Euribor + 3.500%, 04/16/29(B) | 922 | 997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DIRECTV Financing, LLC, 2024 Refinancing Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DIRECTV Financing, LLC, 2024 Refinancing Term B Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.802%, CME Term SOFR + 5.250%, 08/02/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.802%, CME Term SOFR + 5.250%, 08/02/29(B) | 600 | 590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DIRECTV Financing, LLC, Cov-Lite Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DIRECTV Financing, LLC, Cov-Lite Term B Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 02/15/31(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 02/15/31(F) | 175 | 167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eastern Power, LLC (Eastern Covert Midco, LLC), Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eastern Power, LLC (Eastern Covert Midco, LLC), Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.575%, CME Term SOFR + 5.250%, 04/03/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.575%, CME Term SOFR + 5.250%, 04/03/28(B) | 638 | 624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elsan SAS, Facility B6, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elsan SAS, Facility B6, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.156%, EURIBOR + 3.500%, 06/16/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.156%, EURIBOR + 3.500%, 06/16/31(B) | 1000 | 1072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elsan SAS, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elsan SAS, Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/18/32(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/18/32(F) | 1000 | 1081 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 48

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ensono, Inc., Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ensono, Inc., Initial Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.439%, CME Term SOFR + 4.000%, 05/26/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.439%, CME Term SOFR + 4.000%, 05/26/28(B) | 883 | $| 868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GBT US III LLC, Term B-1 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GBT US III LLC, Term B-1 Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.802%, CME Term SOFR + 2.500%, 07/28/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.802%, CME Term SOFR + 2.500%, 07/28/31(B) | 430 |  | 428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Great Outdoors Group, LLC, Term B-3 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Great Outdoors Group, LLC, Term B-3 Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.575%, CME Term SOFR + 3.250%, 01/23/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.575%, CME Term SOFR + 3.250%, 01/23/32(B) | 490 |  | 488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HomeVi, Senior Facility B3, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HomeVi, Senior Facility B3, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.612%, Euribor + 5.000%, 10/31/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.612%, Euribor + 5.000%, 10/31/29(B) | 1500 |  | 1614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hudson River Trading LLC, Term B-1 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hudson River Trading LLC, Term B-1 Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.322%, CME Term SOFR + 3.000%, 03/18/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.322%, CME Term SOFR + 3.000%, 03/18/30(B) | 922 |  | 920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jump Financial, LLC, Additional Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jump Financial, LLC, Additional Term B Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.549%, CME Term SOFR + 4.250%, 02/26/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.549%, CME Term SOFR + 4.250%, 02/26/32(B) | 350 |  | 351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MH Sub I, LLC (Micro Holding Corp.), 2023 May Incremental Term Loan, 2nd Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MH Sub I, LLC (Micro Holding Corp.), 2023 May Incremental Term Loan, 2nd Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.575%, CME Term SOFR + 4.250%, 05/03/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.575%, CME Term SOFR + 4.250%, 05/03/28(B) | 504 |  | 477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nexus Buyer LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nexus Buyer LLC, Initial Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.825%, CME Term SOFR + 3.500%, 07/31/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.825%, CME Term SOFR + 3.500%, 07/31/31(B) | 1294 |  | 1286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nobel Bidco B.V., Facility B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nobel Bidco B.V., Facility B, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.626%, EURIBOR + 3.500%, 06/09/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.626%, EURIBOR + 3.500%, 06/09/28(B) | 1000 |  | 1065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sabre GLBL Inc., 2022 Other Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sabre GLBL Inc., 2022 Other Term B Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.675%, CME Term SOFR + 4.250%, 06/30/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.675%, CME Term SOFR + 4.250%, 06/30/28(B) | 265 |  | 255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unique BidCo AB, Facility B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unique BidCo AB, Facility B Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.599%, EURIBOR + 5.250%, 03/16/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.599%, EURIBOR + 5.250%, 03/16/29(B) | 500 |  | 514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Petfood Finance BV, Facility B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Petfood Finance BV, Facility B, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.171%, Euribor + 2.750%, 02/26/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.171%, Euribor + 2.750%, 02/26/32(B) | 2000 |  | 2143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Electronics** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Electronics** |  |  | 22928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arclight, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arclight, Term Loan B, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.788%, 04/13/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.788%, 04/13/28 | 992 |  | 990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chart Industries, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chart Industries, Term Loan B, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.805%, 03/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.805%, 03/15/30 | 530 |  | 529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** |  |  | 1519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Finance (including Structured Products) [3.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Finance (including Structured Products) [3.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Finance (including Structured Products) [3.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Finance (including Structured Products) [3.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Finance (including Structured Products) [3.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Altice Financing S.A., 2022 Refinancing Dollar Commitments, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Altice Financing S.A., 2022 Refinancing Dollar Commitments, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.302%, CME Term SOFR + 5.000%, 10/31/27(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.302%, CME Term SOFR + 5.000%, 10/31/27(B) | 1781 |  | 1450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Altice France S.A., USD TLB-[14] Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Altice France S.A., USD TLB-[14] Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.802%, CME Term SOFR + 5.500%, 08/15/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.802%, CME Term SOFR + 5.500%, 08/15/28(B) | 1887 |  | 1688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amentum Holdings, Inc., Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amentum Holdings, Inc., Initial Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 09/29/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 09/29/31(B) | 985 |  | 951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Group Treasury Limited, 2025 Refinancing USD Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apex Group Treasury Limited, 2025 Refinancing USD Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.819%, CME Term SOFR + 3.500%, 02/27/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.819%, CME Term SOFR + 3.500%, 02/27/32(B) | 672 |  | 669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auris Luxembourg III S.a r.l., Facility B5, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auris Luxembourg III S.a r.l., Facility B5, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.694%, Euribor + 4.000%, 02/28/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.694%, Euribor + 4.000%, 02/28/29(B) | 1000 |  | 1078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Biscuit Holding SAS, Facility B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Biscuit Holding SAS, Facility B, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.379%, EURIBOR + 4.000%, 02/12/27(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.379%, EURIBOR + 4.000%, 02/12/27(B) | 1000 |  | 1054 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 49

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc., Term B-5 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc., Term B-5 Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.075%, CME Term SOFR + 3.750%, 12/10/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.075%, CME Term SOFR + 3.750%, 12/10/28(B) | $560 | $558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CACI International Inc, Tranche B Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CACI International Inc, Tranche B Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.073%, CME Term SOFR + 1.750%, 10/30/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.073%, CME Term SOFR + 1.750%, 10/30/31(B) | 395 | 393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CEP V Investments, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CEP V Investments, Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 02/28/29(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 02/28/29(F) | 1000 | 1074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cidron Aida Finco S.A.R.L., First Additional Term Facility B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cidron Aida Finco S.A.R.L., First Additional Term Facility B, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.749%, Euribor + 4.250%, 10/22/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.749%, Euribor + 4.250%, 10/22/31(B) | 1000 | 1076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citadel Securities LP, 2024-1 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citadel Securities LP, 2024-1 Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.325%, CME Term SOFR + 2.000%, 10/31/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.325%, CME Term SOFR + 2.000%, 10/31/31(B) | 1018 | 1017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarios Global LP, Amendment No. 5 Euro Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarios Global LP, Amendment No. 5 Euro Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.363%, Euribor + 3.000%, 07/16/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.363%, Euribor + 3.000%, 07/16/31(B) | 1177 | 1258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarios Global LP, Amendment No. 6 Dollar Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clarios Global LP, Amendment No. 6 Dollar Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.075%, CME Term SOFR + 2.750%, 01/28/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.075%, CME Term SOFR + 2.750%, 01/28/32(B) | 410 | 403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cobham Ultra SeniorCo S.a r.l., Facility B (USD), 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cobham Ultra SeniorCo S.a r.l., Facility B (USD), 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.427%, CME Term SOFR + 3.750%, 08/03/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.427%, CME Term SOFR + 3.750%, 08/03/29(B) | 1737 | 1729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colosseum Dental Finance B.V., Facility B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colosseum Dental Finance B.V., Facility B, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.176%, Euribor + 3.750%, 03/22/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.176%, Euribor + 3.750%, 03/22/32(B) | 1000 | 1077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Concorde LUX, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Concorde LUX, Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.023%, 03/01/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.023%, 03/01/30 | 1000 | 1069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Energy Finance S.A., 2024 Incremental Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Energy Finance S.A., 2024 Incremental Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.813%, CME Term SOFR + 4.500%, 11/15/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.813%, CME Term SOFR + 4.500%, 11/15/30(B) | 1097 | 1052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction Partners, Inc., Closing Date Loan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction Partners, Inc., Closing Date Loan |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.827%, CME Term SOFR + 2.500%, 11/03/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.827%, CME Term SOFR + 2.500%, 11/03/31(B) | 420 | 417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coral-US Co-Borrower LLC, Term B-7 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coral-US Co-Borrower LLC, Term B-7 Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.569%, CME Term SOFR + 3.250%, 02/02/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.569%, CME Term SOFR + 3.250%, 02/02/32(B) | 695 | 679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Covia Holdings LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Covia Holdings LLC, Initial Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.568%, CME Term SOFR + 3.250%, 02/26/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.568%, CME Term SOFR + 3.250%, 02/26/32(B) | 405 | 403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Subsea Communications Holding, Inc., 2024 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Subsea Communications Holding, Inc., 2024 Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.323%, CME Term SOFR + 4.000%, 01/30/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.323%, CME Term SOFR + 4.000%, 01/30/31(B) | 1095 | 1095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CTEC III GmbH, Facility B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CTEC III GmbH, Facility B, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.999%, EURIBOR + 3.500%, 03/16/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.999%, EURIBOR + 3.500%, 03/16/29(B) | 1160 | 1250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DRW Holdings, LLC, 2024 Refinancing Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DRW Holdings, LLC, 2024 Refinancing Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.791%, CME Term SOFR + 3.500%, 06/26/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.791%, CME Term SOFR + 3.500%, 06/26/31(B) | 1910 | 1902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dun & Bradstreet Corporation, The, 2022 Incremental Term B-2 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dun & Bradstreet Corporation, The, 2022 Incremental Term B-2 Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.572%, CME Term SOFR + 2.250%, 01/18/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.572%, CME Term SOFR + 2.250%, 01/18/29(B) | 408 | 407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dynasty Acquisition Co., Inc., Initial Term B-1 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dynasty Acquisition Co., Inc., Initial Term B-1 Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.325%, CME Term SOFR + 2.000%, 10/31/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.325%, CME Term SOFR + 2.000%, 10/31/31(B) | 576 | 574 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 50

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dynasty Acquisition Co., Inc., Initial Term B-2 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dynasty Acquisition Co., Inc., Initial Term B-2 Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.325%, CME Term SOFR + 2.000%, 10/31/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.325%, CME Term SOFR + 2.000%, 10/31/31(B) | $219 | $218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; E.W. Scripps Company, The, Tranche B-2 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; E.W. Scripps Company, The, Tranche B-2 Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.002%, CME Term SOFR + 2.563%, 05/01/26(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.002%, CME Term SOFR + 2.563%, 05/01/26(B) | 529 | 525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Epic Crude Services, LP, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Epic Crude Services, LP, Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.302%, CME Term SOFR + 3.000%, 10/15/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.302%, CME Term SOFR + 3.000%, 10/15/31(B) | 305 | 304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Evercommerce Solutions Inc., Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Evercommerce Solutions Inc., Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.825%, CME Term SOFR + 2.500%, 07/06/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.825%, CME Term SOFR + 2.500%, 07/06/28(B) | 902 | 898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNZ Group Entities Limited, Initial USD Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNZ Group Entities Limited, Initial USD Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.291%, CME Term SOFR + 5.000%, 11/05/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.291%, CME Term SOFR + 5.000%, 11/05/31(B) | 650 | 598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortis 333, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortis 333, Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 02/06/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 02/06/32 | 1000 | 1076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Glatfelter Corporation, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Glatfelter Corporation, Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.563%, CME Term SOFR + 4.250%, 11/04/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.563%, CME Term SOFR + 4.250%, 11/04/31(B) | 544 | 542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HighTower Holding, LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HighTower Holding, LLC, Initial Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.291%, CME Term SOFR + 3.000%, 02/03/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.291%, CME Term SOFR + 3.000%, 02/03/32(B) | 867 | 860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Houghton Mifflin Harcourt Company, Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Houghton Mifflin Harcourt Company, Term B Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.675%, CME Term SOFR + 5.250%, 04/09/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.675%, CME Term SOFR + 5.250%, 04/09/29(B) | 1027 | 1014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inspired Finco Holdings Limited, Facility B6(A), 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inspired Finco Holdings Limited, Facility B6(A), 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.613%, Euribor + 3.250%, 02/28/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.613%, Euribor + 3.250%, 02/28/31(B) | 1000 | 1073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Finance LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jefferies Finance LLC, Initial Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.319%, CME Term SOFR + 3.000%, 10/21/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.319%, CME Term SOFR + 3.000%, 10/21/31(B) | 554 | 551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LendingTree, Inc., Initial Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LendingTree, Inc., Initial Term B Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.438%, CME Term SOFR + 3.750%, 08/25/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.438%, CME Term SOFR + 3.750%, 08/25/28(B) | 1065 | 1056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lightning Power, LLC, Initial Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lightning Power, LLC, Initial Term B Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.549%, CME Term SOFR + 2.250%, 08/18/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.549%, CME Term SOFR + 2.250%, 08/18/31(B) | 948 | 941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lorca Telecom Bidco, S.A., Facility B5, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lorca Telecom Bidco, S.A., Facility B5, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.217%, Euribor + 2.750%, 03/25/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.217%, Euribor + 2.750%, 03/25/31(B) | 2500 | 2674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LSF11 Trinity Bidco, Inc., Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LSF11 Trinity Bidco, Inc., Initial Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.322%, CME Term SOFR + 3.000%, 06/14/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.322%, CME Term SOFR + 3.000%, 06/14/30(B) | 910 | 904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mativ Holdings, Inc., Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mativ Holdings, Inc., Term B Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.189%, CME Term SOFR + 3.750%, 04/20/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.189%, CME Term SOFR + 3.750%, 04/20/28(B) | 508 | 503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MKS Instruments, Inc., 2025-1 Euro Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MKS Instruments, Inc., 2025-1 Euro Term B Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.873%, Euribor + 2.500%, 08/17/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.873%, Euribor + 2.500%, 08/17/29(B) | 730 | 789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Modena Buyer LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Modena Buyer LLC, Initial Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.791%, CME Term SOFR + 4.500%, 07/01/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.791%, CME Term SOFR + 4.500%, 07/01/31(B) | 589 | 569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Physician Partners, LLC, Initial Tranche B-1 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Physician Partners, LLC, Initial Tranche B-1 Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.449%, CME Term SOFR + 4.000%, 12/31/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.449%, CME Term SOFR + 4.000%, 12/31/29(B) | 474 | 240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Physician Partners, LLC, Third-Out Term Loan C, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Physician Partners, LLC, Third-Out Term Loan C, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.958%, 12/31/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.958%, 12/31/30 | 293 | 53 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 51

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pique Bidco, S.L.U., Facility B3, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pique Bidco, S.L.U., Facility B3, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.863%, Euribor + 3.500%, 12/18/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.863%, Euribor + 3.500%, 12/18/30(B) | $1000 | $1079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rackspace Finance, LLC, Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rackspace Finance, LLC, Term B Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.187%, CME Term SOFR + 2.750%, 05/15/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.187%, CME Term SOFR + 2.750%, 05/15/28(B) | 1314 | 602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ren10 Holding AB, 2024 Facility B2, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ren10 Holding AB, 2024 Facility B2, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.214%, Euribor + 3.750%, 07/31/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.214%, Euribor + 3.750%, 07/31/30(B) | 1000 | 1081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restoration Hardware, Inc., Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restoration Hardware, Inc., Initial Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.939%, CME Term SOFR + 2.500%, 10/20/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.939%, CME Term SOFR + 2.500%, 10/20/28(B) | 496 | 472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockpoint Gas Storage Partners LP, Amendment No.1 Refinancing Term Loan., 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockpoint Gas Storage Partners LP, Amendment No.1 Refinancing Term Loan., 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.299%, CME Term SOFR + 3.000%, 09/18/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.299%, CME Term SOFR + 3.000%, 09/18/31(B) | 525 | 523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sandy BidCo B.V., Facility B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sandy BidCo B.V., Facility B, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.261%, EURIBOR + 3.850%, 08/17/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.261%, EURIBOR + 3.850%, 08/17/29(B) | 1000 | 1063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Soliant Lower Intermediate, LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Soliant Lower Intermediate, LLC, Initial Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.002%, CME Term SOFR + 3.750%, 07/18/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.002%, CME Term SOFR + 3.750%, 07/18/31(B) | 670 | 656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SS&C Technologies Holdings, Inc., Term B-8 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SS&C Technologies Holdings, Inc., Term B-8 Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.325%, CME Term SOFR + 2.000%, 05/09/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.325%, CME Term SOFR + 2.000%, 05/09/31(B) | 443 | 442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Property Mortgage, L.L.C., Replacement Term B-4 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Property Mortgage, L.L.C., Replacement Term B-4 Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 01/02/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 01/02/30(B) | 865 | 861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Summer (BC) Bidco B LLC, Extended Facility B (USD), 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Summer (BC) Bidco B LLC, Extended Facility B (USD), 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.559%, CME Term SOFR + 5.000%, 02/15/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.559%, CME Term SOFR + 5.000%, 02/15/29(B) | 894 | 890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tate & Lyle, Term Loan B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tate & Lyle, Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.546%, 04/01/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.546%, 04/01/29 | 921 | 915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Team Health Holdings, Inc., Extended Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Team Health Holdings, Inc., Extended Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.541%, CME Term SOFR + 5.250%, 03/02/27(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.541%, CME Term SOFR + 5.250%, 03/02/27(B) | 958 | 932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TEAM Services Group, LLC, 2022-1 Incremental Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TEAM Services Group, LLC, 2022-1 Incremental Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.441%, CME Term SOFR + 5.000%, 12/20/27(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.441%, CME Term SOFR + 5.000%, 12/20/27(B) | 280 | 271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TIC Bidco Limited, Facility B2 (EUR), 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TIC Bidco Limited, Facility B2 (EUR), 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.456%, Euribor + 4.000%, 06/19/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.456%, Euribor + 4.000%, 06/19/31(B) | 887 | 959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TIC Bidco Ltd, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TIC Bidco Ltd, Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.805%, 06/19/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.805%, 06/19/31 | 113 | 122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tidal Waste, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tidal Waste, Term Loan B, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.829%, 10/03/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.829%, 10/03/31 | 430 | 430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trulite Holding Corp., Initial Term Loans, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trulite Holding Corp., Initial Term Loans, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.310%, CME Term SOFR + 6.000%, 03/01/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.310%, CME Term SOFR + 6.000%, 03/01/30(B) | 340 | 336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vertex Aerospace Services LLC, 2024 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vertex Aerospace Services LLC, 2024 Term Loan, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 12/06/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 12/06/30(B) | 748 | 737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Villa Dutch Bidco B.V., Additional Facility B2, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Villa Dutch Bidco B.V., Additional Facility B2, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.731%, Euribor + 5.250%, 11/03/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.731%, Euribor + 5.250%, 11/03/29(B) | 1000 | 1057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WaterBridge Midstream Operating LLC, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WaterBridge Midstream Operating LLC, Term Loan B, 1st Lien |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.053%, CME Term SOFR + 4.750%, 06/27/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.053%, CME Term SOFR + 4.750%, 06/27/29(B) | 1995 | 1977 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 52

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Waterbridge NDB Operating LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Waterbridge NDB Operating LLC, Initial Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.315%, CME Term SOFR + 4.000%, 05/10/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.315%, CME Term SOFR + 4.000%, 05/10/29(B) | $| 618 | $| 619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Finance (including Structured Products)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Finance (including Structured Products)** |  |  |  | 55735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Intermediaries [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Intermediaries [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Intermediaries [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Intermediaries [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Intermediaries [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Intermediaries [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LCPR Loan Financing LLC, 2021 Additional Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LCPR Loan Financing LLC, 2021 Additional Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.860%, LIBOR + 3.750%, 10/23/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.860%, LIBOR + 3.750%, 10/23/26 |  | 300 |  | 247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Services [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Services [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Services [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Services [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Services [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Services [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green Bidco Limited, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Green Bidco Limited, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/06/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.250%, 03/06/32 |  | 1000 |  | 1076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Next Wave, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Next Wave, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.752%, 02/24/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.752%, 02/24/32 |  | 480 |  | 478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pax Holdco, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pax Holdco, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.517%, 12/31/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.517%, 12/31/29 |  | 1100 |  | 1185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Polystorm Bidco, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Polystorm Bidco, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.355%, 10/05/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.355%, 10/05/28 |  | 1000 |  | 1077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Synechron, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Synechron, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.041%, 09/26/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.041%, 09/26/31 |  | 460 |  | 458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financial Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financial Services** |  |  |  | 4274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [0.6%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Autokiniton Group, Tem Loan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Autokiniton Group, Tem Loan |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.442%, 04/06/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.442%, 04/06/28 |  | 1304 |  | 1277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bellis Acquisition Company, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bellis Acquisition Company, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.092%, 05/14/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.092%, 05/14/31 |  | 1000 |  | 1030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Eagle, Extended Cov-Lite Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; First Eagle, Extended Cov-Lite Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.329%, 03/05/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.329%, 03/05/29 |  | 1022 |  | 1021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin Square, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin Square, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.574%, 04/17/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.574%, 04/17/31 |  | 851 |  | 848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Priority Payment, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Priority Payment, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.074%, 05/07/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.074%, 05/07/31 |  | 1142 |  | 1141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shilton Bidco, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shilton Bidco, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.355%, 01/13/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.355%, 01/13/30 |  | 1000 |  | 1083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Superannuation and Investments, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Superannuation and Investments, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.189%, 12/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.189%, 12/01/28 |  | 755 |  | 756 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trevise Holding, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trevise Holding, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.631%, 07/09/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.631%, 07/09/29 |  | 1000 |  | 1083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WSH Investments, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WSH Investments, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.206%, 05/16/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.206%, 05/16/31 |  | 1000 |  | 1291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zara UK Midco LTD, Term Loan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zara UK Midco LTD, Term Loan |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.286%, 08/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.286%, 08/01/28 |  | 845 |  | 838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** |  |  |  | 10368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gaming [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gaming [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gaming [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gaming [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gaming [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Gaming [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Scientific Games, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Scientific Games, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.486%, 02/04/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.486%, 02/04/29 |  | 1000 |  | 1081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Government [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Government [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Government [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Government [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Government [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Government [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan Paris Club, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan Paris Club, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 01/10/28(D) (F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 01/10/28(D) (F) | JPY | 166667 |  | 878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Healthcare [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Healthcare [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Healthcare [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Healthcare [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Healthcare [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Healthcare [0.4%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chrome Bidco, Facility B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chrome Bidco, Facility B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.063%, EURIBOR + 3.250%, 05/12/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.063%, EURIBOR + 3.250%, 05/12/28(B) |  | 1500 |  | 1332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Envalior Finance GmbH, Facility B1 (EUR) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Envalior Finance GmbH, Facility B1 (EUR) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.112%, 03/28/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.112%, 03/28/30 |  | 1000 |  | 1042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gesundheits GmbH Term Loan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gesundheits GmbH Term Loan |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.363%, 07/30/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.363%, 07/30/26 | EUR | 500 |  | 442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inovie Group, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inovie Group, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.355%, 03/03/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.355%, 03/03/28 |  | 1000 |  | 1006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Opella, Cov-Lite Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Opella, Cov-Lite Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/31/32(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/31/32(F) |  | 680 |  | 677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sunrise Bidco, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sunrise Bidco, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 07/27/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.850%, 07/27/28 |  | 1000 |  | 1042 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 53

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Takecare Bidco, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Takecare Bidco, Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.105%, 12/03/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.105%, 12/03/31 | 1000 | $| 1081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Healthcare** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Healthcare** |  |  | 6622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Healthcare, Education and Childcare [1.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Healthcare, Education and Childcare [1.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Healthcare, Education and Childcare [1.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Healthcare, Education and Childcare [1.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Healthcare, Education and Childcare [1.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ahlstrom-Munksjo Holding 3 Oy, Facility B (USD), 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ahlstrom-Munksjo Holding 3 Oy, Facility B (USD), 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.311%, CME Term SOFR + 3.750%, 02/04/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.311%, CME Term SOFR + 3.750%, 02/04/28(B) | 750 |  | 749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amneal Pharmaceuticals LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amneal Pharmaceuticals LLC, Initial Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.825%, CME Term SOFR + 5.500%, 05/04/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.825%, CME Term SOFR + 5.500%, 05/04/28(B) | 894 |  | 908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AP Core Holdings II, LLC, Term B-2 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AP Core Holdings II, LLC, Term B-2 Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.939%, CME Term SOFR + 5.500%, 09/01/27(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.939%, CME Term SOFR + 5.500%, 09/01/27(B) | 605 |  | 545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aspire Bakeries Holdings LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aspire Bakeries Holdings LLC, Initial Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.575%, CME Term SOFR + 4.250%, 12/23/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.575%, CME Term SOFR + 4.250%, 12/23/30(B) | 506 |  | 506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connect Finco Sarl, Amendment No. 4 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connect Finco Sarl, Amendment No. 4 Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.825%, CME Term SOFR + 4.500%, 09/27/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.825%, CME Term SOFR + 4.500%, 09/27/29(B) | 1130 |  | 991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CWGS Group, LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CWGS Group, LLC, Initial Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.939%, CME Term SOFR + 2.500%, 06/03/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.939%, CME Term SOFR + 2.500%, 06/03/28(B) | 569 |  | 549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financiere Mendel, Additional Term Facility 2 (EUR), 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financiere Mendel, Additional Term Facility 2 (EUR), 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.355%, Euribor + 3.000%, 11/08/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.355%, Euribor + 3.000%, 11/08/30(B) | 1000 |  | 1074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hunterstown Generation, LLC, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hunterstown Generation, LLC, Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.799%, CME Term SOFR + 3.500%, 11/06/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.799%, CME Term SOFR + 3.500%, 11/06/31(B) | 474 |  | 475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inmar, Inc., Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inmar, Inc., Initial Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.313%, CME Term SOFR + 5.000%, 10/30/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.313%, CME Term SOFR + 5.000%, 10/30/31(B) | 592 |  | 591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IVC Acquisition Ltd, Facility B11, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IVC Acquisition Ltd, Facility B11, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.426%, Euribor + 4.000%, 12/12/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.426%, Euribor + 4.000%, 12/12/28(B) | 1500 |  | 1622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LifePoint Health, Inc., 2024-1 Refinancing Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LifePoint Health, Inc., 2024-1 Refinancing Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.052%, CME Term SOFR + 3.750%, 05/17/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.052%, CME Term SOFR + 3.750%, 05/17/31(B) | 1159 |  | 1122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loire UK Midco 3 Limited, Facility B (EUR), 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loire UK Midco 3 Limited, Facility B (EUR), 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750%, EURIBOR + 2.750%, 01/22/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.750%, EURIBOR + 2.750%, 01/22/27 | 1000 |  | 1077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McGraw-Hill, Cov-Lite B Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McGraw-Hill, Cov-Lite B Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.575%, 08/06/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.575%, 08/06/31 | 336 |  | 335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medline Borrower, LP, Third Amendment Incremental Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medline Borrower, LP, Third Amendment Incremental Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 10/23/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 10/23/28(B) | 1238 |  | 1235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MH Sub I, LLC (Micro Holding Corp.), 2024 December New Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MH Sub I, LLC (Micro Holding Corp.), 2024 December New Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.575%, CME Term SOFR + 4.250%, 12/31/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.575%, CME Term SOFR + 4.250%, 12/31/31(B) | 159 |  | 145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Osaic Holdings, Inc., Term B-4 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Osaic Holdings, Inc., Term B-4 Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.825%, CME Term SOFR + 3.500%, 08/17/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.825%, CME Term SOFR + 3.500%, 08/17/28(B) | 1443 |  | 1431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ramsay Generale de Sante, Incremental Facility B5, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ramsay Generale de Sante, Incremental Facility B5, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.927%, Euribor + 3.250%, 08/13/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.927%, Euribor + 3.250%, 08/13/31(B) | 1000 |  | 1076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Russell Investments US Institutional Holdco, Inc., 2027 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Russell Investments US Institutional Holdco, Inc., 2027 Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.291%, CME Term SOFR + 5.000%, 05/30/27(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.291%, CME Term SOFR + 5.000%, 05/30/27(B) | 899 |  | 867 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 54

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tackle S.a r.l., Facility B2, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tackle S.a r.l., Facility B2, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.784%, Euribor + 3.250%, 05/22/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.784%, Euribor + 3.250%, 05/22/28(B) | 1000 | $| 1070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Talen Energy Supply, LLC, 2024-1 Incremental Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Talen Energy Supply, LLC, 2024-1 Incremental Term B Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.818%, CME Term SOFR + 2.500%, 12/13/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.818%, CME Term SOFR + 2.500%, 12/13/31(B) | 290 |  | 289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Talen Energy Supply, LLC, Initial Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Talen Energy Supply, LLC, Initial Term B Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.818%, CME Term SOFR + 2.500%, 05/17/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.818%, CME Term SOFR + 2.500%, 05/17/30(B) | 386 |  | 385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UKG Inc., 2024 Refinancing Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UKG Inc., 2024 Refinancing Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.300%, CME Term SOFR + 3.000%, 02/10/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.300%, CME Term SOFR + 3.000%, 02/10/31(B) | 1000 |  | 997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vestis Corporation, Term B-1 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vestis Corporation, Term B-1 Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.579%, CME Term SOFR + 2.250%, 02/22/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.579%, CME Term SOFR + 2.250%, 02/22/31(B) | 1278 |  | 1272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VFH Parent LLC, Term B-2 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VFH Parent LLC, Term B-2 Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.825%, CME Term SOFR + 2.500%, 06/21/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.825%, CME Term SOFR + 2.500%, 06/21/31(B) | 684 |  | 684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Healthcare, Education and Childcare** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Healthcare, Education and Childcare** |  |  | 19995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Homebuilders/Materials/Construction [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Homebuilders/Materials/Construction [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Homebuilders/Materials/Construction [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Homebuilders/Materials/Construction [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Homebuilders/Materials/Construction [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LSF10 XL Bidco S.C.A., Facility B4, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LSF10 XL Bidco S.C.A., Facility B4, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.530%, EURIBOR + 3.925%, 04/12/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.530%, EURIBOR + 3.925%, 04/12/28(B) | 965 |  | 1013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels, Motels, Inns and Gaming [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels, Motels, Inns and Gaming [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels, Motels, Inns and Gaming [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels, Motels, Inns and Gaming [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels, Motels, Inns and Gaming [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AIT Worldwide Logistics Holdings, Inc., Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AIT Worldwide Logistics Holdings, Inc., Initial Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.302%, CME Term SOFR + 4.000%, 04/08/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.302%, CME Term SOFR + 4.000%, 04/08/30(B) | 370 |  | 369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Open Text Corporation, 2023 Replacement Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Open Text Corporation, 2023 Replacement Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.075%, CME Term SOFR + 1.750%, 01/31/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.075%, CME Term SOFR + 1.750%, 01/31/30(B) | 909 |  | 907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Platea (BC) Bidco AB, DDTL Facility, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Platea (BC) Bidco AB, DDTL Facility, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.355%, Euribor + 4.000%, 04/03/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.355%, Euribor + 4.000%, 04/03/31(B) | 167 |  | 180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransDigm Inc., Tranche K Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransDigm Inc., Tranche K Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.049%, CME Term SOFR + 2.750%, 03/22/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.049%, CME Term SOFR + 2.750%, 03/22/30(B) | 928 |  | 926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransDigm Inc., Tranche L Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransDigm Inc., Tranche L Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.799%, CME Term SOFR + 2.500%, 01/19/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.799%, CME Term SOFR + 2.500%, 01/19/32(B) | 1042 |  | 1036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Hotels, Motels, Inns and Gaming** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Hotels, Motels, Inns and Gaming** |  |  | 3418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrial Services [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrial Services [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrial Services [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrial Services [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrial Services [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicor LLC, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indicor LLC, Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.855%, 11/22/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.855%, 11/22/29 | 985 |  | 1066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kidde Global, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kidde Global, Term Loan B, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.573%, 10/10/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.573%, 10/10/31 | 525 |  | 514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Optimus Bidco, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Optimus Bidco, Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.355%, 12/31/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.355%, 12/31/28 | 1000 |  | 1077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrial Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrial Services** |  |  | 2657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrials [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrials [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrials [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrials [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrials [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Traffic, Term Loan B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Traffic, Term Loan B |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.574%, 03/24/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.574%, 03/24/28 | 428 |  | 428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boels Topholding BV, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boels Topholding BV, Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.196%, 05/23/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.196%, 05/23/31 | 1500 |  | 1615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Euroports, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Euroports, Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.668%, 06/12/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.668%, 06/12/29 | 980 |  | 1065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Umami Bidco, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Umami Bidco, Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.279%, 10/23/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.279%, 10/23/31 | 1000 |  | 1082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** |  |  | 4190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Information Technology [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Information Technology [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Information Technology [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Information Technology [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Information Technology [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cornerstone Generation, Tem Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cornerstone Generation, Tem Loan B, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 10/28/31(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 10/28/31(F) | 535 |  | 535 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 55

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sitel Worldwide, Cov-Lite Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sitel Worldwide, Cov-Lite Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.178%, 07/28/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.178%, 07/28/28 | 980 | $| 577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** |  |  | 1112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Infrastructure [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Infrastructure [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Infrastructure [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Infrastructure [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Infrastructure [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Modulair Group, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Modulair Group, Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.530%, 12/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.530%, 12/15/28 | 2000 |  | 2158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Insurance [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Insurance [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Insurance [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Insurance [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Insurance [0.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acrisure, LLC, 2024 Repricing Term B-6 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acrisure, LLC, 2024 Repricing Term B-6 Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.325%, CME Term SOFR + 3.000%, 11/06/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.325%, CME Term SOFR + 3.000%, 11/06/30(B) | 1145 |  | 1135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albion Fing 3, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albion Fing 3, Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.605%, 08/16/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.605%, 08/16/29 | 1500 |  | 1610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliance Laundry Systems LLC, Initial Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alliance Laundry Systems LLC, Initial Term B Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.072%, CME Term SOFR + 2.750%, 08/19/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.072%, CME Term SOFR + 2.750%, 08/19/31(B) | 550 |  | 548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asurion, LLC, New B-4 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asurion, LLC, New B-4 Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.689%, CME Term SOFR + 5.250%, 01/20/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.689%, CME Term SOFR + 5.250%, 01/20/29(B) | 1500 |  | 1386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HAH Group Holding Company LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HAH Group Holding Company LLC, Initial Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.325%, CME Term SOFR + 5.000%, 09/24/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.325%, CME Term SOFR + 5.000%, 09/24/31(B) | 519 |  | 491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TripAdvisor, Inc., Initial Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TripAdvisor, Inc., Initial Term B Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.049%, CME Term SOFR + 2.750%, 07/08/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.049%, CME Term SOFR + 2.750%, 07/08/31(B) | 839 |  | 822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Insurance** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Insurance** |  |  | 5992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **IT Services [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Team Services, Incremental Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Team Services, Incremental Term Loan B, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.541%, 12/20/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.541%, 12/20/27 | 605 |  | 588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Leisure, Amusement, Motion Pictures, Entertainment [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Leisure, Amusement, Motion Pictures, Entertainment [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Leisure, Amusement, Motion Pictures, Entertainment [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Leisure, Amusement, Motion Pictures, Entertainment [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Leisure, Amusement, Motion Pictures, Entertainment [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LA Fitness, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LA Fitness, Term Loan B, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.575%, 02/05/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.575%, 02/05/29 | 345 |  | 349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Light and Wonder International, Inc., Term B-2 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Light and Wonder International, Inc., Term B-2 Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.566%, CME Term SOFR + 2.250%, 04/16/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.566%, CME Term SOFR + 2.250%, 04/16/29(B) | 498 |  | 495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Playa Resorts Holding B.V., 2022 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Playa Resorts Holding B.V., 2022 Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.075%, CME Term SOFR + 2.750%, 01/05/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.075%, CME Term SOFR + 2.750%, 01/05/29(B) | 1396 |  | 1393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quirch Foods Holdings, LLC, 2022-1 Incremental Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quirch Foods Holdings, LLC, 2022-1 Incremental Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.574%, CME Term SOFR + 5.000%, 10/27/27(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.574%, CME Term SOFR + 5.000%, 10/27/27(B) | 1012 |  | 966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Leisure, Amusement, Motion Pictures, Entertainment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Leisure, Amusement, Motion Pictures, Entertainment** |  |  | 3203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery (Non-Agriculture, Non-Construction and Non-Electronic) [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery (Non-Agriculture, Non-Construction and Non-Electronic) [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery (Non-Agriculture, Non-Construction and Non-Electronic) [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery (Non-Agriculture, Non-Construction and Non-Electronic) [0.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery (Non-Agriculture, Non-Construction and Non-Electronic) [0.7%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A-AG US GSI Bidco, Inc., Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A-AG US GSI Bidco, Inc., Initial Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.299%, CME Term SOFR + 5.000%, 10/31/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.299%, CME Term SOFR + 5.000%, 10/31/31(B) | 735 |  | 724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allen Media, LLC, Initial Term Loan (2021), 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allen Media, LLC, Initial Term Loan (2021), 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.949%, CME Term SOFR + 5.500%, 02/10/27(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.949%, CME Term SOFR + 5.500%, 02/10/27(B) | 633 |  | 364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allwyn Entertainment Financing (US) LLC, Facility B2, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allwyn Entertainment Financing (US) LLC, Facility B2, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.307%, CME Term SOFR + 2.000%, 06/02/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.307%, CME Term SOFR + 2.000%, 06/02/31(B) | 1045 |  | 1031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allwyn Entertainment Financing (US) LLC, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allwyn Entertainment Financing (US) LLC, Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/19/32(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/19/32(F) | 1000 |  | 1075 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 56

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alpha Generation, LLC, Initial Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alpha Generation, LLC, Initial Term B Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.075%, CME Term SOFR + 2.750%, 09/30/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.075%, CME Term SOFR + 2.750%, 09/30/31(B) | $| 537 | $| 537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asurion, LLC, New B-11 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asurion, LLC, New B-11 Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.675%, CME Term SOFR + 4.250%, 08/19/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.675%, CME Term SOFR + 4.250%, 08/19/28(B) |  | 1282 |  | 1269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asurion, LLC, New B-12 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asurion, LLC, New B-12 Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.575%, CME Term SOFR + 4.250%, 09/19/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.575%, CME Term SOFR + 4.250%, 09/19/30(B) |  | 1224 |  | 1207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ChampionX Corporation, Term B-1 Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ChampionX Corporation, Term B-1 Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.174%, CME Term SOFR + 3.250%, 05/13/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.174%, CME Term SOFR + 3.250%, 05/13/29(B) |  | 909 |  | 908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EG Group Limited, New Facility B2 (EUR), 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EG Group Limited, New Facility B2 (EUR), 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.855%, Euribor + 4.500%, 02/07/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.855%, Euribor + 4.500%, 02/07/28(B) |  | 1406 |  | 1521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gen Digital Inc., Tranche B-1 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gen Digital Inc., Tranche B-1 Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.075%, CME Term SOFR + 1.750%, 09/12/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.075%, CME Term SOFR + 1.750%, 09/12/29(B) |  | 496 |  | 493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jane Street Group, LLC, Seventh Amendment Extended Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jane Street Group, LLC, Seventh Amendment Extended Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.313%, CME Term SOFR + 2.000%, 12/15/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.313%, CME Term SOFR + 2.000%, 12/15/31(B) |  | 1328 |  | 1311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mister Car Wash Holdings, Inc., 2024 Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mister Car Wash Holdings, Inc., 2024 Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.791%, CME Term SOFR + 2.500%, 03/27/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.791%, CME Term SOFR + 2.500%, 03/27/31(B) |  | 524 |  | 522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MKS Instruments, Inc., 2025-1 Dollar Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MKS Instruments, Inc., 2025-1 Dollar Term B Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.319%, CME Term SOFR + 2.000%, 08/17/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.319%, CME Term SOFR + 2.000%, 08/17/29(B) |  | 1468 |  | 1465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Machinery (Non-Agriculture, Non-Construction and Non-Electronic)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Machinery (Non-Agriculture, Non-Construction and Non-Electronic)** |  |  |  | 12427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manufacturing [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manufacturing [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manufacturing [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manufacturing [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manufacturing [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manufacturing [0.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allegro Microsystems, Cov-Lite Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allegro Microsystems, Cov-Lite Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.324%, 10/31/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.324%, 10/31/30 |  | 608 |  | 605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Equipment Corp, Cov-Lite Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Equipment Corp, Cov-Lite Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 10/10/31(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 10/10/31(F) |  | 90 |  | 90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Equipment Corp, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Equipment Corp, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.819%, 10/02/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.819%, 10/02/31 |  | 450 |  | 448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foley Products, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foley Products, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.179%, 12/29/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.179%, 12/29/28 |  | 606 |  | 609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lippert Components, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lippert Components, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.820%, 03/19/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.820%, 03/19/32 |  | 485 |  | 481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tarkett Facility, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tarkett Facility, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.808%, 04/21/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.808%, 04/21/28 |  | 1000 |  | 1076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vermaat Lien1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vermaat Lien1 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.623%, 12/04/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.623%, 12/04/26 | EUR | 1000 |  | 1076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Manufacturing** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Manufacturing** |  |  |  | 4385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manufacturing/Machinery/Industrial [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manufacturing/Machinery/Industrial [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manufacturing/Machinery/Industrial [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manufacturing/Machinery/Industrial [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manufacturing/Machinery/Industrial [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manufacturing/Machinery/Industrial [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ammeraal Beltech, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ammeraal Beltech, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.355%, 12/29/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.355%, 12/29/28 |  | 1326 |  | 1435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Materials [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Materials [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Materials [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Materials [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Materials [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Materials [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilex Poly/Novolex, Cov-Lite Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilex Poly/Novolex, Cov-Lite Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/26/32(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/26/32(F) |  | 983 |  | 977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilex Poly/Novolex, Delayed Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilex Poly/Novolex, Delayed Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/26/32(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/26/32(F) |  | 17 |  | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Natgasoline LLC, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Natgasoline LLC, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.799%, 03/24/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.799%, 03/24/30 |  | 555 |  | 540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Potomac Energy Center, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Potomac Energy Center, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/14/32(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/14/32(F) |  | 750 |  | 807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Materials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Materials** |  |  |  | 2341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Media [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Media [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Media [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Media [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Media [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Media [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Endeavor, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Endeavor, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.319%, 01/27/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.319%, 01/27/32 |  | 925 |  | 923 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 57

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thryv/Dex Media, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thryv/Dex Media, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.075%, 05/01/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.075%, 05/01/29 | $| 174 | $| 177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zephyr Midco, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zephyr Midco, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.954%, 07/20/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.954%, 07/20/28 |  | 1000 |  | 1292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Media** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Media** |  |  |  | 2392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Devices [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Devices [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Devices [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Devices [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Devices [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Devices [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insulet, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insulet, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.824%, 08/04/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.824%, 08/04/31 |  | 448 |  | 448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Products & Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Products & Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Products & Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Products & Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Products & Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Medical Products & Services [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lifepoint Health, Incremental Cov-Lite Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lifepoint Health, Incremental Cov-Lite Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.817%, 05/17/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.817%, 05/17/31 |  | 95 |  | 91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Mining, Steel, Iron and Nonprecious Metals [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Mining, Steel, Iron and Nonprecious Metals [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Mining, Steel, Iron and Nonprecious Metals [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Mining, Steel, Iron and Nonprecious Metals [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Mining, Steel, Iron and Nonprecious Metals [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Mining, Steel, Iron and Nonprecious Metals [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arsenal AIC Parent LLC, 2025 Refinancing Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arsenal AIC Parent LLC, 2025 Refinancing Term B Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.075%, CME Term SOFR + 2.750%, 08/18/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.075%, CME Term SOFR + 2.750%, 08/18/30(B) |  | 545 |  | 540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NWR Holdings B.V., Super Senior Term Facility, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NWR Holdings B.V., Super Senior Term Facility, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.500%, 12/31/49(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.500%, 12/31/49(C) | EUR | 1011 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Mining, Steel, Iron and Nonprecious Metals** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Mining, Steel, Iron and Nonprecious Metals** |  |  |  | 540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil and Gas [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil and Gas [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil and Gas [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil and Gas [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil and Gas [0.6%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil and Gas [0.6%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazos/Bison Midstream, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazos/Bison Midstream, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.314%, 02/11/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.314%, 02/11/30 |  | 845 |  | 844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CDR Firefly, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CDR Firefly, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.950%, 04/28/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.950%, 04/28/29 |  | 1500 |  | 1932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EMG Utica, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EMG Utica, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.299%, 10/24/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.299%, 10/24/29 |  | 485 |  | 485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Investment, Term Loan B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fortress Investment, Term Loan B |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.574%, 06/27/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.574%, 06/27/29 |  | 652 |  | 652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilcorp Energy, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hilcorp Energy, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.322%, 02/06/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.322%, 02/06/30 |  | 465 |  | 464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; M6 Midstream, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; M6 Midstream, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/25/32(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/25/32(F) |  | 430 |  | 429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Fortress Energy Inc, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Fortress Energy Inc, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.795%, 10/27/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.795%, 10/27/28 |  | 1436 |  | 1227 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Par Pacific Patroleum, Term Loan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Par Pacific Patroleum, Term Loan |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.038%, 02/28/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.038%, 02/28/30 |  | 894 |  | 877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ultra Clean, Cov-Lite Term Loan B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ultra Clean, Cov-Lite Term Loan B |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.574%, 02/28/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.574%, 02/28/28 |  | 1771 |  | 1770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VMED O2 UK Holdco 4 Limited, Facility Z, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VMED O2 UK Holdco 4 Limited, Facility Z, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.793%, Euribor + 3.425%, 10/15/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.793%, Euribor + 3.425%, 10/15/31(B) |  | 2000 |  | 2137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Oil and Gas** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Oil and Gas** |  |  |  | 10817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assytec, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assytec, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.379%, 09/28/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.379%, 09/28/27 |  | 1000 |  | 1009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Catnat Game, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Catnat Game, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.053%, 12/16/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.053%, 12/16/31 |  | 665 |  | 666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Other** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Other** |  |  |  | 1675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal and Non-Durable Consumer Products (Manufacturing Only) [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal and Non-Durable Consumer Products (Manufacturing Only) [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal and Non-Durable Consumer Products (Manufacturing Only) [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal and Non-Durable Consumer Products (Manufacturing Only) [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal and Non-Durable Consumer Products (Manufacturing Only) [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal and Non-Durable Consumer Products (Manufacturing Only) [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ABG Intermediate Holdings 2 LLC, 2024 Refinancing Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ABG Intermediate Holdings 2 LLC, 2024 Refinancing Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 12/21/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 12/21/28(B) |  | 756 |  | 747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ABG Intermediate Holdings 2 LLC, 2025 Delayed Draw Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ABG Intermediate Holdings 2 LLC, 2025 Delayed Draw Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 02/13/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.575%, CME Term SOFR + 2.250%, 02/13/32(B) |  | 140 |  | 138 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 58

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Breitling Holdings S.a r.l., Facility B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Breitling Holdings S.a r.l., Facility B, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.477%, EURIBOR + 3.900%, 10/25/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.477%, EURIBOR + 3.900%, 10/25/28(B) | 1000 | $| 1052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Personal and Non-Durable Consumer Products (Manufacturing Only)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Personal and Non-Durable Consumer Products (Manufacturing Only)** |  |  | 1937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal Transportation [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal Transportation [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal Transportation [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal Transportation [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal Transportation [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AAdvantage Loyality IP Ltd. (American Airlines, Inc.), 2025 Replacement Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AAdvantage Loyality IP Ltd. (American Airlines, Inc.), 2025 Replacement Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.543%, CME Term SOFR + 2.250%, 04/20/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.543%, CME Term SOFR + 2.250%, 04/20/28(B) | 250 |  | 247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal, Food and Miscellaneous Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal, Food and Miscellaneous Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal, Food and Miscellaneous Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal, Food and Miscellaneous Services [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal, Food and Miscellaneous Services [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Red Planet Borrower, LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Red Planet Borrower, LLC, Initial Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.925%, CME Term SOFR + 3.500%, 10/02/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.925%, CME Term SOFR + 3.500%, 10/02/28(B) | 982 |  | 962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals [0.4%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financiere Verdi I SAS, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financiere Verdi I SAS, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.003%, 03/31/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.003%, 03/31/28 | 1000 |  | 1231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nidda Healthcare Holding GmbH, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nidda Healthcare Holding GmbH, Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.540%, 02/21/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.540%, 02/21/30 | 2000 |  | 2158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Organon, Cov-Lite Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Organon, Cov-Lite Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.570%, 05/19/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.570%, 05/19/31 | 1100 |  | 1084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pharmanovia Bidco, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pharmanovia Bidco, Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.749%, 02/07/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.749%, 02/07/30 | 1500 |  | 1561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stamina BidCo B.V., Facility B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stamina BidCo B.V., Facility B, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.744%, EURIBOR + 4.000%, 11/02/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.744%, EURIBOR + 4.000%, 11/02/28(B) | 722 |  | 779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Pharmaceuticals** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Pharmaceuticals** |  |  | 6813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Printing, Publishing and Broadcasting [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Printing, Publishing and Broadcasting [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Printing, Publishing and Broadcasting [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Printing, Publishing and Broadcasting [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Printing, Publishing and Broadcasting [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Digital Media Solutions, LLC, DIP Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Digital Media Solutions, LLC, DIP Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.312%, 12/10/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.312%, 12/10/25 | 149 |  | 149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Digital Media Solutions, LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Digital Media Solutions, LLC, Initial Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.472%, CME Term SOFR + 11.000%, 05/19/26(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.472%, CME Term SOFR + 11.000%, 05/19/26(B) | 623 |  | 62 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Digital Media Solutions, LLC, Tranche A Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Digital Media Solutions, LLC, Tranche A Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.472%, CME Term SOFR + 8.000%, 02/25/26(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.472%, CME Term SOFR + 8.000%, 02/25/26(B) | 139 |  | 139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Digital Media Solutions, LLC, Tranche B Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Digital Media Solutions, LLC, Tranche B Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.472%, CME Term SOFR + 11.000%, 05/25/26(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.472%, CME Term SOFR + 11.000%, 05/25/26(B) | 183 |  | 137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LABL, Inc., Initial Euro Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LABL, Inc., Initial Euro Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.360%, EURIBOR + 5.000%, 10/30/28(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.360%, EURIBOR + 5.000%, 10/30/28(B) | 960 |  | 815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magnite, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magnite, Term Loan B, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.316%, 02/06/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.316%, 02/06/31 | 631 |  | 629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oxbow Carbon LLC, Tranche B Term Loan (2023), 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oxbow Carbon LLC, Tranche B Term Loan (2023), 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.825%, CME Term SOFR + 3.500%, 05/10/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.825%, CME Term SOFR + 3.500%, 05/10/30(B) | 946 |  | 941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Printing, Publishing and Broadcasting** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Printing, Publishing and Broadcasting** |  |  | 2872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PHM Group Holdings, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PHM Group Holdings, Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 02/25/32(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 02/25/32(F) | 1000 |  | 1073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retail (Non-Food/Drug) [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retail (Non-Food/Drug) [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retail (Non-Food/Drug) [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retail (Non-Food/Drug) [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retail (Non-Food/Drug) [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AL AS Adventure, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AL AS Adventure, Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.586%, 04/24/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.586%, 04/24/26 | 943 |  | 1009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Air, Cov-Lite Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Air, Cov-Lite Term Loan, 1st Lien |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/28/32(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/28/32(F) | 305 |  | 302 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 59

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; THG Operations Holdings Limited, Facility B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; THG Operations Holdings Limited, Facility B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.154%, 12/10/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.154%, 12/10/26 | EUR | 1000 | $| 1064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Retail (Non-Food/Drug)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Retail (Non-Food/Drug)** |  |  |  | 2375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retail Stores [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retail Stores [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retail Stores [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retail Stores [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retail Stores [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retail Stores [0.9%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boluda Towage, S.L.U., Facility B3, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Boluda Towage, S.L.U., Facility B3, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.999%, Euribor + 3.500%, 01/31/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.999%, Euribor + 3.500%, 01/31/30(B) |  | 1000 |  | 1083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Calpine Construction Finance Company, L.P., Refinancing Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Calpine Construction Finance Company, L.P., Refinancing Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.325%, CME Term SOFR + 2.000%, 07/31/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.325%, CME Term SOFR + 2.000%, 07/31/30(B) |  | 462 |  | 461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cheplapharm Arzneimittel GmbH, Facility B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cheplapharm Arzneimittel GmbH, Facility B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.785%, EURIBOR + 4.000%, 02/22/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.785%, EURIBOR + 4.000%, 02/22/29(B) |  | 2000 |  | 2005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EIG Management Company, LLC, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EIG Management Company, LLC, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.319%, CME Term SOFR + 5.000%, 05/17/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.319%, CME Term SOFR + 5.000%, 05/17/29(B) |  | 672 |  | 668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LC Ahab US Bidco LLC, Second Amendment Incremental Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LC Ahab US Bidco LLC, Second Amendment Incremental Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.325%, CME Term SOFR + 3.000%, 05/01/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.325%, CME Term SOFR + 3.000%, 05/01/31(B) |  | 360 |  | 357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mermaid Bidco Inc., Facility B (USD), 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mermaid Bidco Inc., Facility B (USD), 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.553%, CME Term SOFR + 3.250%, 07/03/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.553%, CME Term SOFR + 3.250%, 07/03/31(B) |  | 1015 |  | 1014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Odido Holding B.V., Facility B2, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Odido Holding B.V., Facility B2, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.505%, Euribor + 3.150%, 03/30/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.505%, Euribor + 3.150%, 03/30/29(B) |  | 1000 |  | 1073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peer Holding III B.V., Facility B5B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peer Holding III B.V., Facility B5B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.799%, CME Term SOFR + 2.500%, 07/01/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.799%, CME Term SOFR + 2.500%, 07/01/31(B) |  | 915 |  | 913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peer Holding III B.V., Facility B7, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Peer Holding III B.V., Facility B7, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.605%, Euribor + 3.250%, 11/26/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.605%, Euribor + 3.250%, 11/26/31(B) |  | 2000 |  | 2157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Platform Bidco Limites, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Platform Bidco Limites, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.129%, 09/29/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.129%, 09/29/28 |  | 1000 |  | 1069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restoration Hardware, Inc., Cov-Lite Term Loan B-2, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restoration Hardware, Inc., Cov-Lite Term Loan B-2, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.674%, 10/20/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.674%, 10/20/28 |  | 799 |  | 770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; West Marine, Term Loan C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; West Marine, Term Loan C |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.576%, 09/25/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.576%, 09/25/28 |  | 25 |  | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WH Borrower, LLC, Initial Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WH Borrower, LLC, Initial Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.072%, CME Term SOFR + 4.750%, 02/20/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.072%, CME Term SOFR + 4.750%, 02/20/32(B) |  | 1170 |  | 1162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zacapa S.a r.l., Seventh Amendment Incremental Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zacapa S.a r.l., Seventh Amendment Incremental Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.049%, CME Term SOFR + 3.750%, 03/22/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.049%, CME Term SOFR + 3.750%, 03/22/29(B) |  | 2492 |  | 2485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Retail Stores** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Retail Stores** |  |  |  | 15234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Services [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Services [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Services [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Services [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Services [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Services [0.5%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Public Education, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Public Education, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.938%, 03/29/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.938%, 03/29/27 |  | 739 |  | 730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Devry Education, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Devry Education, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.074%, 08/12/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.074%, 08/12/28 |  | 351 |  | 351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eagle Bidco Limited, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eagle Bidco Limited, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.989%, 03/10/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.989%, 03/10/28 |  | 1182 |  | 1520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invent Farma, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invent Farma, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.312%, 02/12/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.312%, 02/12/28 |  | 1000 |  | 1077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kronosnet, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kronosnet, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.704%, 07/28/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.704%, 07/28/29 |  | 1000 |  | 848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oravel Stays, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oravel Stays, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.299%, 12/20/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.299%, 12/20/29 |  | 905 |  | 896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sitel Group, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sitel Group, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/28/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 07/28/28 |  | 1000 |  | 664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. George's University Scholastic Services LLC, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. George's University Scholastic Services LLC, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.063%, 02/10/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.063%, 02/10/29 |  | 559 |  | 554 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 60

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Coast, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Coast, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.574%, 09/19/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.574%, 09/19/30 | $| 1110 | $| 1099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Services** |  |  |  | 7739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pop Bidco, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pop Bidco, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.344%, 10/11/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.344%, 10/11/31 |  | 1000 |  | 1081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software and Service [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software and Service [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software and Service [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software and Service [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software and Service [0.5%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software and Service [0.5%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IGT Holding IV, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IGT Holding IV, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 03/18/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.750%, 03/18/32 |  | 1000 |  | 1076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mercury Data, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mercury Data, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 09/05/29(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 09/05/29(F) |  | 6150 |  | 6119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Perforce Software, Incremental Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Perforce Software, Incremental Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.074%, 03/25/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.074%, 03/25/31 |  | 502 |  | 469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Perforce Software, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Perforce Software, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.074%, 07/02/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.074%, 07/02/29 |  | 642 |  | 611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tern Group, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tern Group, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.964%, 02/07/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.964%, 02/07/32 |  | 1000 |  | 1080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Software and Service** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Software and Service** |  |  |  | 9355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dayforce, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dayforce, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.318%, 02/26/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.318%, 02/26/31 |  | 343 |  | 342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pitney Bowes, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pitney Bowes, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.075%, 01/30/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.075%, 01/30/32 |  | 955 |  | 944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SolarWinds, Cov-Lite Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SolarWinds, Cov-Lite Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/12/32(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/12/32(F) |  | 490 |  | 475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UST Holdings Ltd, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UST Holdings Ltd, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.317%, 11/20/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.317%, 11/20/28 |  | 751 |  | 752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virtusa Corporation, Term Loan B-2, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virtusa Corporation, Term Loan B-2, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.575%, 02/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.575%, 02/15/29 |  | 624 |  | 622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Technology** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Technology** |  |  |  | 3135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology, Electronics, Software & IT [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology, Electronics, Software & IT [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology, Electronics, Software & IT [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology, Electronics, Software & IT [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology, Electronics, Software & IT [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology, Electronics, Software & IT [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paysafe Holdings, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paysafe Holdings, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.363%, 06/09/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.363%, 06/09/28 |  | 1000 |  | 1072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telecommunications [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telecommunications [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telecommunications [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telecommunications [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telecommunications [0.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Telecommunications [0.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlantic Broadband, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Atlantic Broadband, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.576%, 09/18/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.576%, 09/18/30 |  | 594 |  | 584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frontdoor, Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frontdoor, Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.574%, 12/16/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.574%, 12/16/31 |  | 315 |  | 314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Level 3 Financing Inc, Cov-Lite Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Level 3 Financing Inc, Cov-Lite Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/22/32(F) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 03/22/32(F) |  | 300 |  | 296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lumen Technologies, Term Loan B-2, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lumen Technologies, Term Loan B-2, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.789%, 04/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.789%, 04/15/30 |  | 916 |  | 878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lumen Technologies, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lumen Technologies, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.325%, 06/01/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.325%, 06/01/28 |  | 1309 |  | 1306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UPC Broadband Holding B.V., Facility AY, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UPC Broadband Holding B.V., Facility AY, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.293%, EURIBOR + 3.000%, 01/31/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.293%, EURIBOR + 3.000%, 01/31/29(B) |  | 173 |  | 186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zayo Group Holdings, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zayo Group Holdings, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.080%, 03/09/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.080%, 03/09/27 |  | 979 |  | 973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ziggo B.V., Term Loan H Facility, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ziggo B.V., Term Loan H Facility, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.368%, EURIBOR + 3.000%, 01/31/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.368%, EURIBOR + 3.000%, 01/31/29(B) | EUR | 1000 |  | 1040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Telecommunications** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Telecommunications** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Telecommunications** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Telecommunications** |  | 5577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transportation, Airlines & Distribution [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transportation, Airlines & Distribution [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transportation, Airlines & Distribution [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transportation, Airlines & Distribution [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transportation, Airlines & Distribution [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transportation, Airlines & Distribution [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Air Transport, Cov-Lite Term Loan B, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Air Transport, Cov-Lite Term Loan B, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.001%, 02/04/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.001%, 02/04/32 |  | 430 |  | 428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Flint Group, Term Loan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Flint Group, Term Loan |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.677%, 12/31/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.677%, 12/31/27 |  | 481 |  | 53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Transportation, Airlines & Distribution** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Transportation, Airlines & Distribution** |  |  |  | 481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invenergy Thermal Operating I LLC, Term B Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invenergy Thermal Operating I LLC, Term B Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.674%, SOFR + 4.250%, 08/03/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.674%, SOFR + 4.250%, 08/03/29(B) |  | 487 |  | 485 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 61

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invenergy Thermal Operating I LLC, Term C Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invenergy Thermal Operating I LLC, Term C Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.674%, SOFR + 4.250%, 08/03/29(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.674%, SOFR + 4.250%, 08/03/29(B) | $| 48 | $| 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra, Term Loan, 1st Lien | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vistra, Term Loan, 1st Lien |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.605%, 06/18/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.605%, 06/18/29 |  | 953 |  | 1026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** |  |  |  | 1558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Loan Participations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Loan Participations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Loan Participations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Loan Participations** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $340,137) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $340,137) |  |  |  | 333734 |
|  **Collateralized Loan Obligations [18.4%]** | **Collateralized Loan Obligations [18.4%]** | **Collateralized Loan Obligations [18.4%]** | **Collateralized Loan Obligations [18.4%]** | **Collateralized Loan Obligations [18.4%]** | **Collateralized Loan Obligations [18.4%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-Agency Mortgage Backed Obligation [18.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-Agency Mortgage Backed Obligation [18.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-Agency Mortgage Backed Obligation [18.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-Agency Mortgage Backed Obligation [18.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-Agency Mortgage Backed Obligation [18.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Non-Agency Mortgage Backed Obligation [18.4%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adagio IX EUR CLO DAC, Ser 2021-A, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adagio IX EUR CLO DAC, Ser 2021-A, Cl E |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.521%, EUR003M + 6.020%, 09/15/34(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.521%, EUR003M + 6.020%, 09/15/34(A) (B) | EUR | 2000 |  | 2121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adagio IX EUR CLO DAC, Ser 2021-X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adagio IX EUR CLO DAC, Ser 2021-X, Cl E |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.521%, EUR003M + 6.020%, 09/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.521%, EUR003M + 6.020%, 09/15/34(B) | EUR | 1000 |  | 1061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anchorage Capital CLO 21, Ser 2025-21A, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anchorage Capital CLO 21, Ser 2025-21A, Cl ER |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.543%, TSFR3M + 6.250%, 10/20/34(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.543%, TSFR3M + 6.250%, 10/20/34(A) (B) |  | 3000 |  | 2952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anchorage Capital Europe CLO 3 DAC, Ser 2024-3A, Cl FR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anchorage Capital Europe CLO 3 DAC, Ser 2024-3A, Cl FR |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.548%, EUR003M + 8.490%, 10/15/38(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.548%, EUR003M + 8.490%, 10/15/38(A) (B) | EUR | 2000 |  | 2173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anchorage Capital Europe CLO 8 DAC, Ser 2024-8A, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anchorage Capital Europe CLO 8 DAC, Ser 2024-8A, Cl ER |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.683%, EUR003M + 6.000%, 10/25/38(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.683%, EUR003M + 6.000%, 10/25/38(A) (B) | EUR | 1000 |  | 1073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anchorage Capital Europe CLO DAC, Ser 2021-4X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anchorage Capital Europe CLO DAC, Ser 2021-4X, Cl E |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.383%, EUR003M + 5.710%, 04/25/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.383%, EUR003M + 5.710%, 04/25/34(B) | EUR | 1000 |  | 1078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aqueduct European CLO DAC, Ser 2024-7X, Cl FR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aqueduct European CLO DAC, Ser 2024-7X, Cl FR |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.911%, EUR003M + 8.410%, 08/15/37(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.911%, EUR003M + 8.410%, 08/15/37(B) | EUR | 2000 |  | 2138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arbour CLO III DAC, Ser 2021-3X, Cl ERR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arbour CLO III DAC, Ser 2021-3X, Cl ERR |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.675%, EUR003M + 5.890%, 07/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.675%, EUR003M + 5.890%, 07/15/34(B) | EUR | 1250 |  | 1346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARBOUR CLO IX DAC, Ser 2021-9X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARBOUR CLO IX DAC, Ser 2021-9X, Cl E |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.575%, EUR003M + 5.790%, 04/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.575%, EUR003M + 5.790%, 04/15/34(B) | EUR | 1300 |  | 1393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARBOUR CLO IX DAC, Ser 2021-9X, Cl F | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARBOUR CLO IX DAC, Ser 2021-9X, Cl F |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.075%, EUR003M + 8.290%, 04/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.075%, EUR003M + 8.290%, 04/15/34(B) | EUR | 1000 |  | 1019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arbour CLO VII DAC, Ser 2024-7A, Cl FR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arbour CLO VII DAC, Ser 2024-7A, Cl FR |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.761%, EUR003M + 8.260%, 12/15/38(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.761%, EUR003M + 8.260%, 12/15/38(A) (B) | EUR | 1000 |  | 1040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARBOUR CLO VIII DAC, Ser 2021-8X, Cl FR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARBOUR CLO VIII DAC, Ser 2021-8X, Cl FR |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.435%, EUR003M + 8.650%, 10/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.435%, EUR003M + 8.650%, 10/15/34(B) | EUR | 3500 |  | 3685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Armada Euro CLO III DAC, Ser 2024-3A, Cl ARR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Armada Euro CLO III DAC, Ser 2024-3A, Cl ARR |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.135%, EUR003M + 1.350%, 10/15/37(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.135%, EUR003M + 1.350%, 10/15/37(A) (B) | EUR | 14000 |  | 15187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bain Capital Euro CLO DAC, Ser 2021-2X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bain Capital Euro CLO DAC, Ser 2021-2X, Cl E |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.968%, EUR003M + 6.220%, 07/17/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.968%, EUR003M + 6.220%, 07/17/34(B) | EUR | 1000 |  | 1049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Euro CLO DAC, Ser 2021-2X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Euro CLO DAC, Ser 2021-2X, Cl E |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.955%, EUR003M + 6.170%, 10/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.955%, EUR003M + 6.170%, 10/15/34(B) | EUR | 2374 |  | 2513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Euro CLO DAC, Ser 2022-1X, Cl ERR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Euro CLO DAC, Ser 2022-1X, Cl ERR |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.533%, EUR003M + 6.860%, 07/25/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.533%, EUR003M + 6.860%, 07/25/35(B) | EUR | 2220 |  | 2413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Euro CLO DAC, Ser 2022-3X, Cl D | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Barings Euro CLO DAC, Ser 2022-3X, Cl D |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.273%, EUR003M + 3.600%, 07/27/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.273%, EUR003M + 3.600%, 07/27/34(B) | EUR | 1000 |  | 1074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Battalion CLO XIV, Ser 2021-14A, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Battalion CLO XIV, Ser 2021-14A, Cl ER |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.415%, TSFR3M + 7.122%, 01/20/35(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.415%, TSFR3M + 7.122%, 01/20/35(A) (B) |  | 3500 |  | 3223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackrock European CLO III DAC, Ser 2021-3X, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackrock European CLO III DAC, Ser 2021-3X, Cl ER |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.874%, EUR003M + 6.130%, 07/19/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.874%, EUR003M + 6.130%, 07/19/35(B) | EUR | 3750 |  | 4079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackrock European CLO IX DAC, Ser 2019-9X, Cl F | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackrock European CLO IX DAC, Ser 2019-9X, Cl F |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.421%, EUR003M + 8.920%, 12/15/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.421%, EUR003M + 8.920%, 12/15/32(B) | EUR | 1250 |  | 1323 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 62

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackrock European CLO VIII DAC, Ser 2022-8X, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Blackrock European CLO VIII DAC, Ser 2022-8X, Cl ER |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.004%, EUR003M + 6.260%, 01/20/36(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.004%, EUR003M + 6.260%, 01/20/36(B) | EUR | 1350 | $1442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bluemountain Euro CLO DAC, Ser 2021-2X, Cl D | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bluemountain Euro CLO DAC, Ser 2021-2X, Cl D |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.885%, EUR003M + 3.100%, 10/15/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.885%, EUR003M + 3.100%, 10/15/35(B) | EUR | 1150 | 1246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNPP AM Euro CLO 2017 DAC, Ser 2017-1X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNPP AM Euro CLO 2017 DAC, Ser 2017-1X, Cl E |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.485%, EUR003M + 4.700%, 10/15/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.485%, EUR003M + 4.700%, 10/15/31(B) | EUR | 4000 | 4209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNPP AM Euro CLO 2019 DAC, Ser 2019-1X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNPP AM Euro CLO 2019 DAC, Ser 2019-1X, Cl E |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.307%, EUR003M + 5.630%, 07/22/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.307%, EUR003M + 5.630%, 07/22/32(B) | EUR | 1000 | 1068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNPP AM Euro CLO 2021 DAC, Ser 2021-1X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNPP AM Euro CLO 2021 DAC, Ser 2021-1X, Cl E |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.301%, EUR003M + 5.800%, 12/15/33(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.301%, EUR003M + 5.800%, 12/15/33(B) | EUR | 1020 | 1073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bosphorus CLO VI DAC, Ser 2021-6X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bosphorus CLO VI DAC, Ser 2021-6X, Cl E |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.321%, EUR003M + 5.800%, 05/25/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.321%, EUR003M + 5.800%, 05/25/34(B) | EUR | 2500 | 2654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cairn CLO, Ser 2025-19A, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cairn CLO, Ser 2025-19A, Cl E |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.595%, EUR003M + 6.000%, 04/15/39(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.595%, EUR003M + 6.000%, 04/15/39(A) (B) | EUR | 2000 | 2171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cairn CLO XI DAC, Ser 2019-11X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cairn CLO XI DAC, Ser 2019-11X, Cl E |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.555%, EUR003M + 6.770%, 07/15/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.555%, EUR003M + 6.770%, 07/15/32(B) | EUR | 5850 | 6365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cairn CLO XII DAC, Ser 2021-12X, Cl AR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cairn CLO XII DAC, Ser 2021-12X, Cl AR |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.775%, EUR003M + 0.990%, 07/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.775%, EUR003M + 0.990%, 07/15/34(B) | EUR | 3400 | 3684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cairn CLO XIII DAC, Ser 2021-13X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cairn CLO XIII DAC, Ser 2021-13X, Cl E |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.864%, EUR003M + 6.120%, 10/20/33(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.864%, EUR003M + 6.120%, 10/20/33(B) | EUR | 1000 | 1080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cairn CLO XIV DAC, Ser 2021-14X, Cl A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cairn CLO XIV DAC, Ser 2021-14X, Cl A |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.641%, EUR003M + 1.000%, 10/29/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.641%, EUR003M + 1.000%, 10/29/34(B) | EUR | 2000 | 2156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cairn CLO XIV DAC, Ser 2021-14X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cairn CLO XIV DAC, Ser 2021-14X, Cl E |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.751%, EUR003M + 6.110%, 10/29/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.751%, EUR003M + 6.110%, 10/29/34(B) | EUR | 1000 | 1078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Euro CLO DAC, Ser 2021-1X, Cl DR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Euro CLO DAC, Ser 2021-1X, Cl DR |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.255%, EUR003M + 6.470%, 07/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.255%, EUR003M + 6.470%, 07/15/34(B) | EUR | 1650 | 1740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Euro CLO DAC, Ser 2021-2X, Cl D | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Euro CLO DAC, Ser 2021-2X, Cl D |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.845%, EUR003M + 6.060%, 01/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.845%, EUR003M + 6.060%, 01/15/34(B) | EUR | 1033 | 1117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Euro CLO DAC, Ser 2022-3X, Cl C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Euro CLO DAC, Ser 2022-3X, Cl C |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.056%, EUR003M + 3.500%, 02/15/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.056%, EUR003M + 3.500%, 02/15/35(B) | EUR | 1350 | 1435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Euro CLO DAC, Ser 2022-3X, Cl D | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Euro CLO DAC, Ser 2022-3X, Cl D |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.016%, EUR003M + 6.460%, 02/15/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.016%, EUR003M + 6.460%, 02/15/35(B) | EUR | 2700 | 2860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Global Market Strategies Euro CLO DAC, Ser 2018-3X, Cl DR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Global Market Strategies Euro CLO DAC, Ser 2018-3X, Cl DR |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.253%, EUR003M + 4.580%, 01/25/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.253%, EUR003M + 4.580%, 01/25/32(B) | EUR | 2400 | 2529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Global Market Strategies Euro CLO DAC, Ser 2020-1X, Cl DR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Global Market Strategies Euro CLO DAC, Ser 2020-1X, Cl DR |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.261%, EUR003M + 5.500%, 01/16/33(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.261%, EUR003M + 5.500%, 01/16/33(B) | EUR | 2000 | 2123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Global Market Strategies Euro CLO DAC, Ser 2022-2X, Cl DRR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Global Market Strategies Euro CLO DAC, Ser 2022-2X, Cl DRR |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.185%, EUR003M + 6.650%, 11/10/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.185%, EUR003M + 6.650%, 11/10/35(B) | EUR | 1450 | 1552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cathedral Lake VIII, Ser 2021-8A, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cathedral Lake VIII, Ser 2021-8A, Cl E |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.045%, TSFR3M + 7.752%, 01/20/35(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.045%, TSFR3M + 7.752%, 01/20/35(A) (B) |  | 2000 | 1969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contego CLO VII DAC, Ser 2025-7A, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contego CLO VII DAC, Ser 2025-7A, Cl ER |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.641%, EUR003M + 5.960%, 01/23/38(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.641%, EUR003M + 5.960%, 01/23/38(A) (B) | EUR | 1300 | 1406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CQS US CLO, Ser 2021-1A, Cl DJ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CQS US CLO, Ser 2021-1A, Cl DJ |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.535%, TSFR3M + 5.242%, 01/20/35(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.535%, TSFR3M + 5.242%, 01/20/35(A) (B) |  | 300 | 301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Point CLO 10, Ser 2021-10A, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crown Point CLO 10, Ser 2021-10A, Cl E |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.405%, TSFR3M + 7.112%, 07/20/34(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.405%, TSFR3M + 7.112%, 07/20/34(A) (B) |  | 3500 | 3431 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 63

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CVC Cordatus Loan Fund IV DAC, Ser 2021-4X, Cl FRRR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CVC Cordatus Loan Fund IV DAC, Ser 2021-4X, Cl FRRR |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.594%, EUR003M + 8.060%, 02/22/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.594%, EUR003M + 8.060%, 02/22/34(B) | EUR | 615 | $651 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CVC Cordatus Loan Fund XVI DAC, Ser 2019-16X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CVC Cordatus Loan Fund XVI DAC, Ser 2019-16X, Cl E |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.201%, EUR003M + 6.700%, 06/17/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.201%, EUR003M + 6.700%, 06/17/32(B) | EUR | 1000 | 1084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CVC Cordatus Loan Fund XX DAC, Ser 2021-20X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CVC Cordatus Loan Fund XX DAC, Ser 2021-20X, Cl E |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.997%, EUR003M + 5.610%, 06/22/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.997%, EUR003M + 5.610%, 06/22/34(B) | EUR | 1000 | 1073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CVC Cordatus Loan Fund XXI DAC, Ser 2021-21X, Cl F | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CVC Cordatus Loan Fund XXI DAC, Ser 2021-21X, Cl F |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.087%, EUR003M + 8.700%, 09/22/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.087%, EUR003M + 8.700%, 09/22/34(B) | EUR | 1300 | 1385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CVC Cordatus Loan Fund XXII DAC, Ser 2021-22X, Cl F | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CVC Cordatus Loan Fund XXII DAC, Ser 2021-22X, Cl F |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.281%, EUR003M + 8.780%, 12/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.281%, EUR003M + 8.780%, 12/15/34(B) | EUR | 1700 | 1795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diameter Capital CLO 2, Ser 2024-2A, Cl DR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diameter Capital CLO 2, Ser 2024-2A, Cl DR |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.452%, TSFR3M + 6.150%, 10/15/37(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.452%, TSFR3M + 6.150%, 10/15/37(A) (B) |  | 2200 | 2201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diameter Capital CLO 5, Ser 2023-5A, Cl D | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diameter Capital CLO 5, Ser 2023-5A, Cl D |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.872%, TSFR3M + 7.570%, 10/15/36(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.872%, TSFR3M + 7.570%, 10/15/36(A) (B) |  | 2000 | 2033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden 29 Euro CLO 2013 DAC, Ser 2018-29X, Cl ERR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden 29 Euro CLO 2013 DAC, Ser 2018-29X, Cl ERR |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.535%, EUR003M + 4.750%, 07/15/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.535%, EUR003M + 4.750%, 07/15/32(B) | EUR | 911 | 979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DRYDEN 35 EURO CLO BV, Ser 2020-35X, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DRYDEN 35 EURO CLO BV, Ser 2020-35X, Cl ER |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.078%, EUR003M + 6.330%, 01/17/33(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.078%, EUR003M + 6.330%, 01/17/33(B) | EUR | 4200 | 4517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden 66 Euro CLO 2018 DAC, Ser 2018-66X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden 66 Euro CLO 2018 DAC, Ser 2018-66X, Cl E |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.154%, EUR003M + 5.410%, 01/18/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.154%, EUR003M + 5.410%, 01/18/32(B) | EUR | 1200 | 1292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden 69 Euro CLO 2018 DAC, Ser 2021-69X, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden 69 Euro CLO 2018 DAC, Ser 2021-69X, Cl ER |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.114%, EUR003M + 6.370%, 10/18/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.114%, EUR003M + 6.370%, 10/18/34(B) | EUR | 4700 | 5068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden 88 Euro CLO 2020 DAC, Ser 2021-88X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden 88 Euro CLO 2020 DAC, Ser 2021-88X, Cl E |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.754%, EUR003M + 6.010%, 07/20/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.754%, EUR003M + 6.010%, 07/20/34(B) | EUR | 1700 | 1819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden 89 Euro CLO 2020 DAC, Ser 2021-89X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden 89 Euro CLO 2020 DAC, Ser 2021-89X, Cl E |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.904%, EUR003M + 6.160%, 10/18/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.904%, EUR003M + 6.160%, 10/18/34(B) | EUR | 1500 | 1584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden 91 Euro CLO 2021 DAC, Ser 2024-91X, Cl AR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dryden 91 Euro CLO 2021 DAC, Ser 2024-91X, Cl AR |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.085%, EUR003M + 1.320%, 01/18/38(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.085%, EUR003M + 1.320%, 01/18/38(B) | EUR | 3000 | 3241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dunedin Park CLO DAC, Ser 2021-1X, Cl FR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dunedin Park CLO DAC, Ser 2021-1X, Cl FR |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.446%, EUR003M + 8.930%, 11/20/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.446%, EUR003M + 8.930%, 11/20/34(B) | EUR | 3500 | 3731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Euro-Galaxy III CLO DAC, Ser 2021-3X, Cl FRRR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Euro-Galaxy III CLO DAC, Ser 2021-3X, Cl FRRR |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.651%, EUR003M + 7.980%, 04/24/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.651%, EUR003M + 7.980%, 04/24/34(B) | EUR | 500 | 519 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Euro-Galaxy V CLO DAC, Ser 2021-5X, Cl ERR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Euro-Galaxy V CLO DAC, Ser 2021-5X, Cl ERR |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.376%, EUR003M + 5.820%, 02/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.376%, EUR003M + 5.820%, 02/15/34(B) | EUR | 1350 | 1443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fair Oaks Loan Funding II DAC, Ser 2021-2X, Cl AR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fair Oaks Loan Funding II DAC, Ser 2021-2X, Cl AR |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.665%, EUR003M + 0.880%, 04/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.665%, EUR003M + 0.880%, 04/15/34(B) | EUR | 3500 | 3776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fidelity Grand Harbour CLO DAC, Ser 2024-1A, Cl AR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fidelity Grand Harbour CLO DAC, Ser 2024-1A, Cl AR |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.285%, EUR003M + 1.500%, 04/15/37(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.285%, EUR003M + 1.500%, 04/15/37(A) (B) | EUR | 5000 | 5424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fidelity Grand Harbour CLO DAC, Ser 2024-1A, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fidelity Grand Harbour CLO DAC, Ser 2024-1A, Cl ER |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.696%, EUR003M + 6.000%, 01/15/38(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.696%, EUR003M + 6.000%, 01/15/38(A) (B) | EUR | 1000 | 1092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greywolf CLO II, Ser 2021-1A, Cl DRR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greywolf CLO II, Ser 2021-1A, Cl DRR |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.612%, TSFR3M + 7.310%, 04/15/34(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.612%, TSFR3M + 7.310%, 04/15/34(A) (B) |  | 3000 | 2943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greywolf CLO III, Ser 2020-3RA, Cl DR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Greywolf CLO III, Ser 2020-3RA, Cl DR |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.472%, TSFR3M + 7.182%, 04/22/33(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.472%, TSFR3M + 7.182%, 04/22/33(A) (B) |  | 5000 | 4950 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 64

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Halseypoint CLO 7, Ser 2023-7A, Cl A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Halseypoint CLO 7, Ser 2023-7A, Cl A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.543%, TSFR3M + 2.250%, 07/20/36(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.543%, TSFR3M + 2.250%, 07/20/36(A) (B) | $4000 | $4011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harriman Park CLO, Ser 2021-1A, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harriman Park CLO, Ser 2021-1A, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.955%, TSFR3M + 6.662%, 04/20/34(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.955%, TSFR3M + 6.662%, 04/20/34(A) (B) | 1300 | 1285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harvest CLO XXII DAC, Ser 2019-22X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harvest CLO XXII DAC, Ser 2019-22X, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.895%, EUR003M + 6.110%, 01/15/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.895%, EUR003M + 6.110%, 01/15/32(B) | 1500 | 1618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harvest CLO XXIII DAC, Ser 2020-23X, Cl F | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harvest CLO XXIII DAC, Ser 2020-23X, Cl F |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.054%, EUR003M + 8.310%, 10/20/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.054%, EUR003M + 8.310%, 10/20/32(B) | 1500 | 1590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hayfin Emerald CLO IV DAC, Ser 2021-4X, Cl DR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hayfin Emerald CLO IV DAC, Ser 2021-4X, Cl DR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.235%, EUR003M + 3.450%, 10/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.235%, EUR003M + 3.450%, 10/15/34(B) | 2255 | 2413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hayfin Emerald CLO VII DAC, Ser 2021-7X, Cl D | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hayfin Emerald CLO VII DAC, Ser 2021-7X, Cl D |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.085%, EUR003M + 3.300%, 04/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.085%, EUR003M + 3.300%, 04/15/34(B) | 4729 | 5022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hayfin Emerald CLO VIII DAC, Ser 2021-8X, Cl D | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hayfin Emerald CLO VIII DAC, Ser 2021-8X, Cl D |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.248%, EUR003M + 3.500%, 01/17/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.248%, EUR003M + 3.500%, 01/17/35(B) | 1550 | 1642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hayfin US XV, Ser 2024-15A, Cl A1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hayfin US XV, Ser 2024-15A, Cl A1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.940%, TSFR3M + 1.640%, 04/28/37(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.940%, TSFR3M + 1.640%, 04/28/37(A) (B) | 1500 | 1507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Henley CLO III DAC, Ser 2021-3X, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Henley CLO III DAC, Ser 2021-3X, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.963%, EUR003M + 6.290%, 12/25/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.963%, EUR003M + 6.290%, 12/25/35(B) | 1050 | 1139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Henley CLO IV DAC, Ser 2021-4X, Cl A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Henley CLO IV DAC, Ser 2021-4X, Cl A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.573%, EUR003M + 0.900%, 04/25/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.573%, EUR003M + 0.900%, 04/25/34(B) | 2500 | 2701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ICG Euro CLO DAC, Ser 2021-1X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ICG Euro CLO DAC, Ser 2021-1X, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.245%, EUR003M + 6.460%, 10/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.245%, EUR003M + 6.460%, 10/15/34(B) | 2000 | 2158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ICG Euro CLO DAC, Ser 2021-1X, Cl F | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ICG Euro CLO DAC, Ser 2021-1X, Cl F |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.605%, EUR003M + 8.820%, 10/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.605%, EUR003M + 8.820%, 10/15/34(B) | 1000 | 1060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ICG Euro CLO DAC, Ser 2024-1A, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ICG Euro CLO DAC, Ser 2024-1A, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.786%, EUR003M + 6.230%, 02/15/38(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.786%, EUR003M + 6.230%, 02/15/38(A) (B) | 2000 | 2172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invesco Euro CLO IV DAC, Ser 2020-4X, Cl A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Invesco Euro CLO IV DAC, Ser 2020-4X, Cl A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.715%, EUR003M + 0.930%, 04/15/33(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.715%, EUR003M + 0.930%, 04/15/33(B) | 3700 | 4001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamestown CLO XVII, Ser 2021-17A, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jamestown CLO XVII, Ser 2021-17A, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.652%, TSFR3M + 7.352%, 01/25/35(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.652%, TSFR3M + 7.352%, 01/25/35(A) (B) | 4000 | 3943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KKR CLO 14, Ser 2018-14, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KKR CLO 14, Ser 2018-14, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.714%, TSFR3M + 6.412%, 07/15/31(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.714%, TSFR3M + 6.412%, 07/15/31(A) (B) | 4600 | 4553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Logiclane I CLO DAC, Ser 2022-1X, Cl A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Logiclane I CLO DAC, Ser 2022-1X, Cl A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.755%, EUR003M + 0.970%, 03/15/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.755%, EUR003M + 0.970%, 03/15/35(B) | 5000 | 5410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Euro Funding XII DAC, Ser 2018-12X, Cl EN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Euro Funding XII DAC, Ser 2018-12X, Cl EN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.985%, EUR003M + 5.200%, 10/15/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.985%, EUR003M + 5.200%, 10/15/31(B) | 151 | 161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Euro Funding XIV DAC, Ser 2021-14X, Cl FR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Euro Funding XIV DAC, Ser 2021-14X, Cl FR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.605%, EUR003M + 8.820%, 07/15/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.605%, EUR003M + 8.820%, 07/15/32(B) | 1770 | 1900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Euro Funding XVI DAC, Ser 2021-16X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Euro Funding XVI DAC, Ser 2021-16X, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.805%, EUR003M + 6.020%, 05/25/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.805%, EUR003M + 6.020%, 05/25/34(B) | 1000 | 1081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Euro Funding XX DAC, Ser 2024-20A, Cl AR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Euro Funding XX DAC, Ser 2024-20A, Cl AR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.255%, EUR003M + 1.470%, 04/15/38(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.255%, EUR003M + 1.470%, 04/15/38(A) (B) | 5000 | 5409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Man GLG Euro CLO VI DAC, Ser 2020-6X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Man GLG Euro CLO VI DAC, Ser 2020-6X, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.175%, EUR003M + 5.390%, 10/15/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.175%, EUR003M + 5.390%, 10/15/32(B) | 1300 | 1391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marble Point CLO XX, Ser 2021-1A, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marble Point CLO XX, Ser 2021-1A, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.662%, TSFR3M + 7.372%, 04/23/34(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.662%, TSFR3M + 7.372%, 04/23/34(A) (B) | 1000 | 982 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 65

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Milford Park CLO, Ser 2025-1A, Cl FR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Milford Park CLO, Ser 2025-1A, Cl FR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.575%, TSFR3M + 7.250%, 01/20/38(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.575%, TSFR3M + 7.250%, 01/20/38(A) (B) | $1000 | $991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mountain View Clo XV, Ser 2024-2A, Cl A1R | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mountain View Clo XV, Ser 2024-2A, Cl A1R |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.972%, TSFR3M + 1.670%, 07/15/37(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.972%, TSFR3M + 1.670%, 07/15/37(A) (B) | 4500 | 4512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Westerly V Leveraged Loan Strategies CLO DAC, Ser 2021-X, Cl FR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; North Westerly V Leveraged Loan Strategies CLO DAC, Ser 2021-X, Cl FR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.644%, EUR003M + 7.900%, 07/20/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.644%, EUR003M + 7.900%, 07/20/34(B) | 2000 | 2084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northwoods Capital 20, Ser 2021-20A, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northwoods Capital 20, Ser 2021-20A, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.412%, TSFR3M + 8.112%, 01/25/32(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.412%, TSFR3M + 8.112%, 01/25/32(A) (B) | 2438 | 2409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northwoods Capital 21 Euro DAC, Ser 2021-21X, Cl DR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northwoods Capital 21 Euro DAC, Ser 2021-21X, Cl DR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.927%, EUR003M + 3.250%, 07/22/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.927%, EUR003M + 3.250%, 07/22/34(B) | 1375 | 1467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northwoods Capital 21 Euro DAC, Ser 2021-21X, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northwoods Capital 21 Euro DAC, Ser 2021-21X, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.737%, EUR003M + 6.060%, 07/22/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.737%, EUR003M + 6.060%, 07/22/34(B) | 2300 | 2421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northwoods Capital 21 Euro DAC, Ser 2021-21X, Cl FR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northwoods Capital 21 Euro DAC, Ser 2021-21X, Cl FR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.307%, EUR003M + 8.630%, 07/22/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.307%, EUR003M + 8.630%, 07/22/34(B) | 3230 | 3251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northwoods Capital 25, Ser 2021-25A, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northwoods Capital 25, Ser 2021-25A, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.695%, TSFR3M + 7.402%, 07/20/34(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.695%, TSFR3M + 7.402%, 07/20/34(A) (B) | 2000 | 1968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OAK Hill European Credit Partners V DAC, Ser 2021-5X, Cl DR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OAK Hill European Credit Partners V DAC, Ser 2021-5X, Cl DR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.344%, EUR003M + 3.600%, 01/21/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.344%, EUR003M + 3.600%, 01/21/35(B) | 1350 | 1464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OAK Hill European Credit Partners V DAC, Ser 2021-5X, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OAK Hill European Credit Partners V DAC, Ser 2021-5X, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.114%, EUR003M + 6.370%, 01/21/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.114%, EUR003M + 6.370%, 01/21/35(B) | 1000 | 1080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OAK Hill European Credit Partners VII DAC, Ser 2018-7X, Cl F | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OAK Hill European Credit Partners VII DAC, Ser 2018-7X, Cl F |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.894%, EUR003M + 7.150%, 10/20/31(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.894%, EUR003M + 7.150%, 10/20/31(B) | 1000 | 1070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Obra CLO 1, Ser 2024-1A, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Obra CLO 1, Ser 2024-1A, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.173%, TSFR3M + 6.750%, 01/20/38(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.173%, TSFR3M + 6.750%, 01/20/38(A) (B) | 1250 | 1236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palmer Square Loan Funding, Ser 2024-3A, Cl DR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palmer Square Loan Funding, Ser 2024-3A, Cl DR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.202%, TSFR3M + 5.900%, 04/15/31(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.202%, TSFR3M + 5.900%, 04/15/31(A) (B) | 1600 | 1594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Park Blue CLO, Ser 2024-1A, Cl A1R | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Park Blue CLO, Ser 2024-1A, Cl A1R |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.713%, TSFR3M + 1.420%, 10/20/37(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.713%, TSFR3M + 1.420%, 10/20/37(A) (B) | 7460 | 7462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pikes Peak CLO 5, Ser 2024-5A, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pikes Peak CLO 5, Ser 2024-5A, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.193%, TSFR3M + 6.900%, 10/20/37(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.193%, TSFR3M + 6.900%, 10/20/37(A) (B) | 1000 | 1009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pikes Peak CLO 6, Ser 2025-6A, Cl FRR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pikes Peak CLO 6, Ser 2025-6A, Cl FRR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.723%, TSFR3M + 7.400%, 05/18/34(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.723%, TSFR3M + 7.400%, 05/18/34(A) (B) | 1000 | 990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purple Finance CLO 2 DAC, Ser 2019-2X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purple Finance CLO 2 DAC, Ser 2019-2X, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.144%, EUR003M + 6.400%, 04/20/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.144%, EUR003M + 6.400%, 04/20/32(B) | 2000 | 2167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockford Tower Europe CLO DAC, Ser 2021-2X, Cl D | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockford Tower Europe CLO DAC, Ser 2021-2X, Cl D |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.121%, EUR003M + 3.450%, 01/24/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.121%, EUR003M + 3.450%, 01/24/35(B) | 1350 | 1461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockford Tower Europe CLO DAC, Ser 2021-2X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockford Tower Europe CLO DAC, Ser 2021-2X, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.891%, EUR003M + 6.220%, 01/24/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.891%, EUR003M + 6.220%, 01/24/35(B) | 2500 | 2682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockford Tower Europe CLO DAC, Ser 2021-2X, Cl F | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockford Tower Europe CLO DAC, Ser 2021-2X, Cl F |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.571%, EUR003M + 8.900%, 01/24/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.571%, EUR003M + 8.900%, 01/24/35(B) | 1000 | 1056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sandstone Peak III, Ser 2024-1A, Cl A1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sandstone Peak III, Ser 2024-1A, Cl A1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.930%, TSFR3M + 1.630%, 04/25/37(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.930%, TSFR3M + 1.630%, 04/25/37(A) (B) | 10000 | 10036 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 66

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Face Amount (000)<sup>(1)</sup> | Face Amount (000)<sup>(1)</sup> | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sculptor CLO XXIX, Ser 2021-29A, Cl D2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sculptor CLO XXIX, Ser 2021-29A, Cl D2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.422%, TSFR3M + 5.132%, 10/22/34(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.422%, TSFR3M + 5.132%, 10/22/34(A) (B) | $1675 | $1681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sculptor CLO XXVII, Ser 2025-27A, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sculptor CLO XXVII, Ser 2025-27A, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.552%, TSFR3M + 6.250%, 07/20/34(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.552%, TSFR3M + 6.250%, 07/20/34(A) (B) | 1000 | 984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sculptor CLO XXVIII, Ser 2025-28A, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sculptor CLO XXVIII, Ser 2025-28A, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.603%, TSFR3M + 6.300%, 01/20/35(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.603%, TSFR3M + 6.300%, 01/20/35(A) (B) | 2000 | 1814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sculptor European CLO II DAC, Ser 2021-2X, Cl DR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sculptor European CLO II DAC, Ser 2021-2X, Cl DR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.385%, EUR003M + 3.600%, 04/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.385%, EUR003M + 3.600%, 04/15/34(B) | 1000 | 1082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sculptor European CLO II DAC, Ser 2021-2X, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sculptor European CLO II DAC, Ser 2021-2X, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.675%, EUR003M + 5.890%, 04/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.675%, EUR003M + 5.890%, 04/15/34(B) | 1100 | 1187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sculptor European CLO VI DAC, Ser 2021-6X, Cl DR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sculptor European CLO VI DAC, Ser 2021-6X, Cl DR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.185%, EUR003M + 3.400%, 10/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.185%, EUR003M + 3.400%, 10/15/34(B) | 1350 | 1457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sculptor European CLO VIII DAC, Ser 2021-8X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sculptor European CLO VIII DAC, Ser 2021-8X, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.918%, EUR003M + 6.170%, 07/17/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.918%, EUR003M + 6.170%, 07/17/34(B) | 1000 | 1084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Segovia European CLO DAC, Ser 2022-3X, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Segovia European CLO DAC, Ser 2022-3X, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.033%, EUR003M + 6.360%, 01/25/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.033%, EUR003M + 6.360%, 01/25/35(B) | 1000 | 1077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Paul's CLO VI DAC, Ser 2021-6X, Cl ERR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Paul's CLO VI DAC, Ser 2021-6X, Cl ERR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.816%, EUR003M + 6.300%, 05/20/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.816%, EUR003M + 6.300%, 05/20/34(B) | 1000 | 1077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Paul's CLO VII DAC, Ser 2021-7X, Cl ERR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Paul's CLO VII DAC, Ser 2021-7X, Cl ERR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.864%, EUR003M + 6.120%, 07/18/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.864%, EUR003M + 6.120%, 07/18/34(B) | 4000 | 4248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Paul's CLO VIII DAC, Ser 2017-8X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Paul's CLO VIII DAC, Ser 2017-8X, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.348%, EUR003M + 4.600%, 07/17/30(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.348%, EUR003M + 4.600%, 07/17/30(B) | 2800 | 2999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Paul's CLO X DAC, Ser 2021-10X, Cl DR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Paul's CLO X DAC, Ser 2021-10X, Cl DR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.454%, EUR003M + 3.750%, 04/22/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.454%, EUR003M + 3.750%, 04/22/35(B) | 250 | 270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Paul's CLO X DAC, Ser 2021-10X, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Paul's CLO X DAC, Ser 2021-10X, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.064%, EUR003M + 6.360%, 04/22/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.064%, EUR003M + 6.360%, 04/22/35(B) | 2360 | 2531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Paul's CLO XII DAC, Ser 2020-12X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; St. Paul's CLO XII DAC, Ser 2020-12X, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.105%, EUR003M + 5.320%, 04/15/33(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.105%, EUR003M + 5.320%, 04/15/33(B) | 1710 | 1841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sycamore Tree CLO, Ser 2024-3A, Cl A1R | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sycamore Tree CLO, Ser 2024-3A, Cl A1R |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.943%, TSFR3M + 1.650%, 04/20/37(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.943%, TSFR3M + 1.650%, 04/20/37(A) (B) | 7500 | 7534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tikehau CLO II BV, Ser 2021-2X, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tikehau CLO II BV, Ser 2021-2X, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.824%, EUR003M + 6.320%, 09/07/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.824%, EUR003M + 6.320%, 09/07/35(B) | 1000 | 1079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tikehau CLO VI DAC, Ser 2021-6X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tikehau CLO VI DAC, Ser 2021-6X, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.105%, EUR003M + 6.320%, 01/15/35(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.105%, EUR003M + 6.320%, 01/15/35(B) | 1100 | 1175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toro European CLO 2 DAC, Ser 2021-2X, Cl ERR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toro European CLO 2 DAC, Ser 2021-2X, Cl ERR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.143%, EUR003M + 6.470%, 07/25/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.143%, EUR003M + 6.470%, 07/25/34(B) | 2000 | 2141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toro European CLO 3 DAC, Ser 2021-3X, Cl ERR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toro European CLO 3 DAC, Ser 2021-3X, Cl ERR |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.085%, EUR003M + 6.300%, 07/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.085%, EUR003M + 6.300%, 07/15/34(B) | 3500 | 3732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toro European CLO 6 DAC, Ser 2019-6X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toro European CLO 6 DAC, Ser 2019-6X, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.279%, EUR003M + 6.490%, 01/12/32(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.279%, EUR003M + 6.490%, 01/12/32(B) | 1207 | 1294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toro European CLO 7 DAC, Ser 2020-7X, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toro European CLO 7 DAC, Ser 2020-7X, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.716%, EUR003M + 7.160%, 02/15/34(B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.716%, EUR003M + 7.160%, 02/15/34(B) | 2634 | 2865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trimaran Cavu, Ser 2019-2A, Cl D | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trimaran Cavu, Ser 2019-2A, Cl D |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.505%, TSFR3M + 7.212%, 11/26/32(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.505%, TSFR3M + 7.212%, 11/26/32(A) (B) | 1750 | 1721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trimaran Cavu, Ser 2021-3A, Cl E | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trimaran Cavu, Ser 2021-3A, Cl E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.925%, TSFR3M + 7.632%, 01/18/35(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.925%, TSFR3M + 7.632%, 01/18/35(A) (B) | 2000 | 2001 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 67

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description  | Face Amount (000)<sup>(1)</sup>/Shares | Face Amount (000)<sup>(1)</sup>/Shares | Value (000)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trimaran Cavu, Ser 2024-1A, Cl ER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trimaran Cavu, Ser 2024-1A, Cl ER |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.210%, TSFR3M + 6.920%, 10/22/37(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.210%, TSFR3M + 6.920%, 10/22/37(A) (B) | 3000 | 3030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.315%, TSFR3M + 6.000%, 01/20/37(A) (B) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.315%, TSFR3M + 6.000%, 01/20/37(A) (B) | 3060 | 3031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Collateralized Loan Obligations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Collateralized Loan Obligations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Collateralized Loan Obligations** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $314,470) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $314,470) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $314,470) | 315723 |
|  **Non-Listed Business Development Companies [4.8%]** | **Non-Listed Business Development Companies [4.8%]** | **Non-Listed Business Development Companies [4.8%]** | **Non-Listed Business Development Companies [4.8%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [4.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [4.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [4.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [4.8%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golub Capital BDC 4 (I) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golub Capital BDC 4 (I) | 4718455 | 70777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TCW Direct Lending LLC (I) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TCW Direct Lending LLC (I) | 12776165 | 12167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** |  | 82944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Non-Listed Business Development Companies** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Non-Listed Business Development Companies** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Non-Listed Business Development Companies** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $83,547) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $83,547) |  | 82944 |
|  **Limited Partnerships [3.6%]** | **Limited Partnerships [3.6%]** | **Limited Partnerships [3.6%]** | **Limited Partnerships [3.6%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oberland Capital Healthcare Solutions Co-Invest Offshore LP(I) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oberland Capital Healthcare Solutions Co-Invest Offshore LP(I) | N/A | 3104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oberland Capital Healthcare Solutions LP(I) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oberland Capital Healthcare Solutions LP(I) | N/A | 5222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Primary Wave Music IP Fund LP(I) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Primary Wave Music IP Fund LP(I) | N/A | 53276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Limited Partnerships** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Limited Partnerships** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Limited Partnerships** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $51,581) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $51,581) |  | 61602 |
|  **Note [2.9%]** | **Note [2.9%]** | **Note [2.9%]** | **Note [2.9%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City National Rochdale FIOF Investments (Ireland) Limited | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; City National Rochdale FIOF Investments (Ireland) Limited | 48487372 | 49268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Note** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Note** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Note** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $230,469) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $230,469) |  | 49268 |
|  **Convertible Bonds [1.3%]** | **Convertible Bonds [1.3%]** | **Convertible Bonds [1.3%]** | **Convertible Bonds [1.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Air Transportation [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Air Transportation [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Air Transportation [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Air Transportation [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ZTO Express Cayman | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ZTO Express Cayman |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 09/01/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.500%, 09/01/27 | 3857 | 3873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automotive [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automotive [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automotive [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automotive [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NIO | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NIO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 10/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 10/15/29 | 924 | 670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Batteries/Battery Sys [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Batteries/Battery Sys [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Batteries/Battery Sys [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Batteries/Battery Sys [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; L&F | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; L&F |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/26/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 04/26/30 | 1500 | 925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting & Cable [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting & Cable [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting & Cable [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting & Cable [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cable One | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cable One |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 03/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 03/15/28 | 2500 | 1985 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building & Construction [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building & Construction [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building & Construction [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building & Construction [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HTA Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HTA Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 03/18/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 03/18/27 | 1400 | 1303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals [0.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals [0.4%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sasol Financing USA | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sasol Financing USA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/08/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/08/27 | 8400 | 7610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Coal Mining [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Coal Mining [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Coal Mining [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Coal Mining [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New World Resources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New World Resources |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%cash/8.000% PIK, 10/07/20(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%cash/8.000% PIK, 10/07/20(C) | 380 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Products [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Products [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Products [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Products [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alibaba Group Holding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alibaba Group Holding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 06/01/31(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.500%, 06/01/31(A) | 735 | 1050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **E-Commerce/Services [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trip.com Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trip.com Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 06/15/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 06/15/29(A) | 356 | 421 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Entertainment & Gaming [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Entertainment & Gaming [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Entertainment & Gaming [0.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Entertainment & Gaming [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wynn Macau | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wynn Macau |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/07/29(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 03/07/29(A) | 3875 | 3902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels and Motels [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels and Motels [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels and Motels [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels and Motels [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; H World Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; H World Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.000%, 05/01/26 | 943 | 1053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investment Bank/Broker-Dealer [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investment Bank/Broker-Dealer [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investment Bank/Broker-Dealer [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Investment Bank/Broker-Dealer [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Finance International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Finance International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 04/04/28(E) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 04/04/28(E) | 400 | 396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Convertible Bonds** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Convertible Bonds** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Convertible Bonds** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $23,894) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $23,894) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $23,894) | 23188 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 68

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description  | Face Amount (000)<sup>(1)</sup>/Shares | Face Amount (000)<sup>(1)</sup>/Shares | Value (000)  |
|  **Sovereign Debt [1.0%]** | **Sovereign Debt [1.0%]** | **Sovereign Debt [1.0%]** | **Sovereign Debt [1.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Angolan Government International Bond, MTN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Angolan Government International Bond, MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 11/26/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.000%, 11/26/29 | $3050 | $2703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Argentina Paris Club | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Argentina Paris Club |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.910%, 05/30/21(C) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.910%, 05/30/21(C) | 1522 | 1118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Argentine Republic Government International Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Argentine Republic Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 07/09/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.000%, 07/09/29 | 7110 | 5482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; El Salvador Government International Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; El Salvador Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 04/10/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.250%, 04/10/32 | 3900 | 3820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ivory Coast Government International Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ivory Coast Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 06/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 06/15/33 | 4400 | 3914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sri Lanka Government International Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sri Lanka Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/15/28(A) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/15/28(A) | 126 | 118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 08/15/27(A) (G) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 08/15/27(A) (G) | 187 | 146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 11/15/27(A) (G) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 11/15/27(A) (G) | 94 | 73 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 12/15/27(A) (G) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.600%, 12/15/27(A) (G) | 135 | 91 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.350%, 09/15/27(A) (G) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.350%, 09/15/27(A) (G) | 200 | 156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 07/15/27(A) (G) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.100%, 07/15/27(A) (G) | 102 | 89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Sovereign Debt** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Sovereign Debt** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Sovereign Debt** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $18,214) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $18,214) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $18,214) | 17710 |
|  **Common Stock [0.2%]** | **Common Stock [0.2%]** | **Common Stock [0.2%]** | **Common Stock [0.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting & Cable [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting & Cable [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting & Cable [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadcasting & Cable [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Digicel Holdings (D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Digicel Holdings (D) | 107067 | 589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication Services [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Audacy Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Audacy Inc | 5095 | 110 |

---

---

| | | | |
|:---|:---|:---|:---|
| Description  | Shares | Shares | Value (000)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Cyclical [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Cyclical [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Cyclical [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Cyclical [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Joann Stores | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Joann Stores | 218423 | $28 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TruKid \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TruKid \* | 232 | 579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Cyclical** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Cyclical** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Cyclical** | 607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified Minerals [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified Minerals [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified Minerals [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Diversified Minerals [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New World Resources, Cl A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New World Resources, Cl A \* | 44276198 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Services [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Services [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A'ayan Leasing & Investment KSCP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A'ayan Leasing & Investment KSCP | 976932 | 348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCD Acquisition | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BCD Acquisition | 1000000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Copper Property CTL Pass Through Trust (D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Copper Property CTL Pass Through Trust (D) | 3788 | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** |  | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Novartex (D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Novartex (D) | 180000 | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manufacturing [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manufacturing [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manufacturing [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Manufacturing [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vivarte (D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vivarte (D) | 6000 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil, Gas & Consumable Fuels [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil, Gas & Consumable Fuels [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil, Gas & Consumable Fuels [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil, Gas & Consumable Fuels [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nostrum Oil & Gas \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nostrum Oil & Gas \* | 3039550 | 122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Summit Midstream \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Summit Midstream \* | 11456 | 388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Oil, Gas & Consumable Fuels** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Oil, Gas & Consumable Fuels** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Oil, Gas & Consumable Fuels** | 510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Other [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ESC GCBREGS Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ESC GCBREGS Corp | 4750000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Latina Offshore | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Latina Offshore | 65 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Other** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Other** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retailers [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retailers [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retailers [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Retailers [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rising Tide Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rising Tide Holdings Inc | 1887 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toys 'R' Us Property Company I, LLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toys 'R' Us Property Company I, LLC | 23484 | 118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Retailers** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Retailers** |  | 118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology [0.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AS ADV Shares (D) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AS ADV Shares (D) | 65148 | 338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lumileds \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lumileds \* | 4241 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Technology** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Technology** |  | 340 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 69

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares/Number of Warrants | Shares/Number of Warrants | Value (000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [0.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [0.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Longview Power LLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Longview Power LLC | 49272 | $591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $4,764) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $4,764) |  | 3275 |
|  **Warrants [0.0%]** | **Warrants [0.0%]** | **Warrants [0.0%]** | **Warrants [0.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Altisource | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Altisource |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expires 07/21/25\* (H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expires 07/21/25\* (H) | 4485 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Audacy Inc, | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Audacy Inc, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expires 09/30/28\* (H) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expires 09/30/28\* (H) | 7205 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Warrants** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Warrants** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Warrants** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $—) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $—) |  | 3 |
|  **Short-Term Investment [2.8%]** | **Short-Term Investment [2.8%]** | **Short-Term Investment [2.8%]** | **Short-Term Investment [2.8%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SEI Daily Income Trust Government Fund, Cl Institutional, 4.260% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SEI Daily Income Trust Government Fund, Cl Institutional, 4.260% | 48365549 | 48366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investment** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $48,366) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $48,366) |  | 48366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [100.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [100.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [100.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [100.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $2,013,876) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $2,013,876) |  | $1724744 |

---

Percentages are based on net assets of $1,719,193 (000).

\* Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(1) U.S. Dollars unless otherwise
 indicated.

&nbsp;&nbsp;&nbsp;&nbsp;(A) Security exempt from registration
 under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified
 institutions. On March 31, 2025, the value of these securities amounted to $670,841 (000), representing 39.0% of the net assets of the
 Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(B) Variable or floating rate security.
 The rate shown is the effective interest rate as of period end. The rates for certain securities are not based on published reference
 rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the
 rates of underlying loans; or by adjusting periodically based on prevailing interest rates.

&nbsp;&nbsp;&nbsp;&nbsp;(C) In default on interest payments.
 Rate shown represents the last coupon rate prior to default.

&nbsp;&nbsp;&nbsp;&nbsp;(D) Level 3 security in accordance
 with fair value hierarchy.

&nbsp;&nbsp;&nbsp;&nbsp;(E) Zero coupon security.

&nbsp;&nbsp;&nbsp;&nbsp;(F) Unsettled bank loan, interest
 rate not available.

&nbsp;&nbsp;&nbsp;&nbsp;(G) Step coupon security. Coupon
 rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects
 the rate currently in effect.

&nbsp;&nbsp;&nbsp;&nbsp;(H) Strike Price is unavailable.

&nbsp;&nbsp;&nbsp;&nbsp;(I) Unfunded Commitments as of
 March 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  Security | Value | Unfunded <br> Commitments | Redemption <br> Frequency | Redemption <br> Notice <br> (Days) |
| &nbsp;&nbsp;&nbsp; Golub Capital BDC 4 | $70776821 | $15848179 |  |  |
| &nbsp;&nbsp;&nbsp; Oberland Capital Healthcare Solutions Co-Invest Offshore LP | 3104467 | 15487250 |  |  |
| &nbsp;&nbsp;&nbsp; Oberland Capital Healthcare Solutions LP | 5221504 | 10515097 |  |  |
| &nbsp;&nbsp;&nbsp; Primary Wave Music IP Fund LP | 53276332 | 1699014 |  |  |
| &nbsp;&nbsp;&nbsp; TCW Direct Lending LLC | 12167636 | 14067260 |  |  |
|  Total | $144546760 | $57616800 |  |  |

---

CHF — Swiss Franc

Cl — Class

CLO — Collateralized Loan Obligation

CME — Chicago Mercantile Exchange

CMTUSD6Y — 1 Year CMT (Monthly)

DAC — Designated Activity Company

EUAMDB01 — 1 Year EUR LIBOR

EUR — Euro

EUR003M — Euribor 3 Month

Euribor — Euro Interbank Offered Rate

GBP — British Pound Sterling

H15T10Y — US Treasury Yield Curve Rate T Note Constant Maturity 10 Year

H15T5Y — US Treasury Yield Curve Rate T Note Constant Maturity 5 Year

JSC — Joint Stock Company

JPY — Japanese Yen

LIBOR — London Interbank Offered Rates

LLC — Limited Liability Company

LP — Limited Partnership

LTD — Limited

MTN — Medium Term Note

PIK — Payment-in Kind

PLC — Public Limited Company

REIT — Real Estate Investment Trust

Ser — Series

SOFR — Secured Overnight Financing Rate

TRY — Turkish Lira

TSFR3M — Term Secured Overnight Financing Rate 3 Months

ULC — Unlimited Liability Company

UNFND — Unfunded

USD — U.S. Dollar

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 70

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(continued)* |

---

A list of the open forward foreign currency contracts held by the Fund at March 31, 2025, is as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Counterparty | Settlement <br> Date | Currency to <br> Deliver <br> (000) | Currency to <br> Deliver <br> (000) | Currency to <br> Receive <br> (000) | Currency to <br> Receive <br> (000) | Unrealized <br> Appreciation <br> (Depreciation) <br> (000) |
|  U.S. Bank | 04/24/25 | USD | 1294 | EUR | 1200 | $6 |
|  U.S. Bank | 04/24/25 | USD | 2169 | EUR | 2000 | (4) |
|  U.S. Bank | 04/24/25 | EUR | 209830 | USD | 227932 | 773 |
|  U.S. Bank | 04/28/25 | GBP | 7190 | USD | 9306 | 19 |
|  U.S. Bank | 04/28/25 | EUR | 126990 | USD | 137608 | 102 |
|  U.S. Bank | 04/28/25 | EUR | 1000 | USD | 1079 | (4) |
|  |  |  |  |  |  | $892 |

---

A list of the open futures contracts held by the Fund at March 31, 2025, is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Type of <br> Contract | Number of <br> Contracts | Expiration <br> Date | Notional <br> Amount <br> (000) | Value <br> (000) | Unrealized <br> Appreciation <br> (Depreciation)<br> (000) |
|  Long Contracts |  |  |  |  |  |
|  U.S. Ultra Long Treasury Bond | 34 | Jun-2025 | $4131 | $4157 | $26 |
|  Short Contracts |  |  |  |  |  |
|  U.S. 10-Year Treasury Note | (24) | Jun-2025 | $(2637) | $(2669) | $(32) |
|  |  |  | $1494 | $1488 | $(6) |

---

The following is a summary of the inputs used as of March 31, 2025 in valuing the Fund's investments and other financial instruments carried at value (000):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  Investments in Securities | Level 1 | Level 2 | Level 3<sup>(1)</sup> | Total |
| &nbsp;&nbsp;&nbsp; Corporate Bonds | $— | $787052 | $1879 | $788931 |
| &nbsp;&nbsp;&nbsp; Loan Participations |  | 332856 | 878 | 333734 |
| &nbsp;&nbsp;&nbsp; Collateralized Loan Obligations |  | 315723 |  | 315723 |
| &nbsp;&nbsp;&nbsp; Non-Listed Business Development Companies<sup>(a)</sup> |  |  |  | 82944 |
| &nbsp;&nbsp;&nbsp; Limited Partnerships<sup>(a)</sup> |  |  |  | 61602 |
| &nbsp;&nbsp;&nbsp; Note |  |  | 49268 | 49268 |
| &nbsp;&nbsp;&nbsp; Convertible Bonds |  | 23188 |  | 23188 |
| &nbsp;&nbsp;&nbsp; Sovereign Debt |  | 17710 |  | 17710 |
| &nbsp;&nbsp;&nbsp; Common Stock | 1576 | 710 | 989 | 3275 |
| &nbsp;&nbsp;&nbsp; Warrants |  | 3 |  | 3 |
| &nbsp;&nbsp;&nbsp; Short-Term Investment | 48366 |  |  | 48366 |
|  Total Investments in Securities | $49942 | $1477242 | $53014 | $1724744 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  Other Financial Instruments | Level 1 | Level 2 | Level 3 | Total |
| &nbsp;&nbsp;&nbsp; Futures Contracts\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized Appreciation | $26 | $— | $— | $26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized Depreciation | (32) |  |  | (32) |
| &nbsp;&nbsp;&nbsp; Forward Contracts\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized Appreciation |  | 900 |  | 900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized Depreciation |  | (8) |  | (8) |
|  Total Other Financial Instruments | $(6) | $892 | $— | $886 |

---

\* Forwards and futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

<sup>(a)</sup> In accordance with Subtopic 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Schedule of Investments.

<sup>(1)</sup> Of the $53,014 (000) in Level 3 securities as of March 31, 2025, $49,268 (000) or 92.9% are not valued via third party pricing vendors and broker quotes. If significant, the disclosure of the unobservable inputs and the interrelationships and sensitivity between these inputs is required for those Level 3 securities that are not valued by third party vendors or broker quotes.

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 71

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Fixed Income Opportunities Fund *(concluded)* |

---

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining value as of March 31, 2025:

---

| | | | |
|:---|:---|:---|:---|
|  | Investments <br> in Corporate <br> Bonds<br> (000) | Investments <br> in Loan <br> Participations<br> (000) | Investments <br> in Note<br> (000) |
|  Beginning balance as of October 1, 2024 | $2123 | $1008 | $48477 |
| &nbsp;&nbsp;&nbsp; Accrued discounts/ premiums |  |  |  |
| &nbsp;&nbsp;&nbsp; Realized gain/(loss) | (3) |  |  |
| &nbsp;&nbsp;&nbsp; Change in unrealized appreciation/(depreciation) | (507) | 1 | 791 |
| &nbsp;&nbsp;&nbsp; Purchases | 555 |  |  |
| &nbsp;&nbsp;&nbsp; Sales/paydowns | (289) | (131) |  |
| &nbsp;&nbsp;&nbsp; Transfers into Level 3 |  |  |  |
| &nbsp;&nbsp;&nbsp; Transfers out of Level 3 |  |  |  |
|  Ending balance as of March 31, 2025 | $1879 | $878 | $49268 |
|  Changes in unrealized gains/(losses) included in earnings related to securities still held at reporting date | $(24014) | $(447) | $(181992) |

---

---

| | | |
|:---|:---|:---|
|  | Investments <br> in Common <br> Stock<br> (000) | Total<br> (000) |
|  Beginning balance as of October 1, 2024 | $912 | $52520 |
| &nbsp;&nbsp;&nbsp; Accrued discounts/ premiums |  |  |
| &nbsp;&nbsp;&nbsp; Realized gain/(loss) | (3) | (6) |
| &nbsp;&nbsp;&nbsp; Change in unrealized appreciation/(depreciation) | 116 | 401 |
| &nbsp;&nbsp;&nbsp; Purchases |  | 555 |
| &nbsp;&nbsp;&nbsp; Sales/paydowns | (36) | (456) |
| &nbsp;&nbsp;&nbsp; Transfers into Level 3 |  |  |
| &nbsp;&nbsp;&nbsp; Transfers out of Level 3 |  |  |
|  Ending balance as of March 31, 2025 | $989 | $53014 |
|  Changes in unrealized gains/(losses) included in earnings related to securities still held at reporting date | $130 | $(206323) |

---

Amounts designated as "—" are either $0 or have been rounded to $0.

For more information on valuation inputs, see Note 2 — Significant Accounting Policies in the Notes to Financial Statements.

The following table summarizes the quantitative inputs and assumptions used for items categorized as material Level 3 investments as of March 31, 2025. The disclosures below also include qualitative information on the sensitivity of the fair value measurements to changes in the significant unobservable inputs.

---

| | | | |
|:---|:---|:---|:---|
|  | Fair Value at <br> March 31, <br> 2025 (000) | Valuation Techniques |  |
| &nbsp;&nbsp;&nbsp; Note | $49268 | Discounted Cash Flow Model |  |
|  |  | Observable Inputs |  |
|  |  | Maturity Value  |  |
|  |  | Unobservable Inputs | Range |
|  |  | Discount Rate | 13.5% |
|  |  | Expected Maturity (months) | 6-130 months |

---

The unobservable inputs used to determine fair value of recurring Level 3 assets may have similar or diverging impacts on valuation. Significant increases and decreases in these inputs in isolation and interrelationships between those inputs could result in significantly higher or lower fair value measurement. Increases in projected collection rates in isolation would result in a higher fair value measurement, while increases in expected discount rates, projected default rates, and maturities of life settlement contracts, in isolation, would result in a lower fair value measurement.

For the period ended March 31, 2025, there have been no transfers between any of the fair value hierarchy levels. Transfers between Levels are recognized at period end.

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 72

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Equity Income Fund |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Shares | Value (000) |
|  **Common Stock [98.9%]** | **Common Stock [98.9%]** | **Common Stock [98.9%]** | **Common Stock [98.9%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication Services [7.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication Services [7.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication Services [7.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication Services [7.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AT&T  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AT&T  | 154400 | $4366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interpublic Group of  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interpublic Group of  | 63700 | 1730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Verizon Communications  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Verizon Communications  | 69200 | 3139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Communication Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Communication Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Communication Services** | 9235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Discretionary [4.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Discretionary [4.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Discretionary [4.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Discretionary [4.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Best Buy  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Best Buy  | 14500 | 1067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ford Motor  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ford Motor  | 160000 | 1605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Genuine Parts  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Genuine Parts  | 10400 | 1239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; H&R Block  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; H&R Block  | 23200 | 1274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** | 5185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Staples [11.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Staples [11.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Staples [11.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Staples [11.4%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Altria Group  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Altria Group  | 77400 | 4646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coca-Cola  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coca-Cola  | 41200 | 2951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Mills  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General Mills  | 30500 | 1824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kimberly-Clark  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kimberly-Clark  | 9000 | 1280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philip Morris International  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philip Morris International  | 24200 | 3841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** | 14542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy [6.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy [6.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy [6.4%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy [6.4%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chevron  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chevron  | 19600 | 3279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Williams  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Williams  | 82500 | 4930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** | 8209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [26.5%](A)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [26.5%](A)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [26.5%](A)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [26.5%](A)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brookfield Asset Management, Cl A  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brookfield Asset Management, Cl A  | 27600 | 1337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cincinnati Financial  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cincinnati Financial  | 20900 | 3087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citigroup  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citigroup  | 39100 | 2776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citizens Financial Group  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Citizens Financial Group  | 86500 | 3544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Financial  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Financial  | 38300 | 2493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fifth Third Bancorp  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fifth Third Bancorp  | 83900 | 3289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lazard, Cl A  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lazard, Cl A  | 29000 | 1256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MetLife  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MetLife  | 36300 | 2914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OneMain Holdings, Cl A  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OneMain Holdings, Cl A  | 28100 | 1373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal Financial Group  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal Financial Group  | 13900 | 1173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regions Financial  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regions Financial  | 154000 | 3346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truist Financial  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Truist Financial  | 58100 | 2391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unum Group  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unum Group  | 24600 | 2004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US Bancorp  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US Bancorp  | 66700 | 2816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** | 33799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care [3.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care [3.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care [3.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care [3.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AbbVie  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AbbVie  | 11300 | 2368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pfizer  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pfizer  | 60700 | 1538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Health Care** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Health Care** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Health Care** | 3906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrials [2.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrials [2.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrials [2.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrials [2.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lockheed Martin  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lockheed Martin  | 2700 | 1206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Watsco  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Watsco  | 2700 | 1372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** | 2578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Information Technology [4.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Information Technology [4.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Information Technology [4.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Information Technology [4.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HP  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HP  | 45100 | 1249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IBM  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IBM  | 12000 | 2984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seagate Technology Holdings  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seagate Technology Holdings  | 13400 | 1138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** | 5371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Materials [5.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Materials [5.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Materials [5.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Materials [5.8%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; International Paper  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; International Paper  | 78700 | 4199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LyondellBasell Industries, Cl A  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LyondellBasell Industries, Cl A  | 28600 | 2013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sonoco Products  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sonoco Products  | 24300 | 1148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Materials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Materials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Materials** | 7360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [28.1%](A)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [28.1%](A)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [28.1%](A)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [28.1%](A)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Electric Power  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Electric Power  | 34500 | 3770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dominion Energy  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dominion Energy  | 44800 | 2512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DTE Energy  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DTE Energy  | 19500 | 2696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Duke Energy  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Duke Energy  | 29800 | 3635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entergy  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entergy  | 54200 | 4633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eversource Energy  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eversource Energy  | 29400 | 1826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FirstEnergy  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FirstEnergy  | 68800 | 2781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NiSource  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NiSource  | 82500 | 3307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Service Enterprise Group  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Public Service Enterprise Group  | 35900 | 2955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sempra  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sempra  | 26900 | 1920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WEC Energy Group  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WEC Energy Group  | 28500 | 3106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Xcel Energy  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Xcel Energy  | 37700 | 2669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** | 35810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $90,032) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $90,032) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $90,032) | 125995 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 73

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale Equity Income Fund *(concluded)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Shares | Value (000) |
|  **Short-Term Investment [0.9%]** | **Short-Term Investment [0.9%]** | **Short-Term Investment [0.9%]** | **Short-Term Investment [0.9%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SEI Daily Income Trust Government Fund, Cl Institutional, 4.260%\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SEI Daily Income Trust Government Fund, Cl Institutional, 4.260%\*\* | 1202642 | $1203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investment** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $1,203) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $1,203) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $1,203) | 1203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [99.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [99.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [99.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [99.8%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $91,235) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $91,235) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $91,235) | $127198 |

---

Percentages are based on net assets of $127,472 (000).

\*\* The rate reported is the 7-day effective yield as of March 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(A) The Fund uses more specific
 categories in following its investment limitations on investment concentrations. Broad industry sectors are used for financial reporting
 purposes.

Cl — Class

As of March 31, 2025, all of the Fund's investments are Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For more information on valuation inputs, see Note 2 -- Significant Accounting Policies in the Notes to Financial Statements.

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 74

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale U.S. Core Equity Fund |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Shares | Value (000) |
|  **Common Stock [98.8%]** | **Common Stock [98.8%]** | **Common Stock [98.8%]** | **Common Stock [98.8%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication Services [10.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication Services [10.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication Services [10.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Communication Services [10.8%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alphabet, Cl A  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alphabet, Cl A  | 92874 | $14362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meta Platforms, Cl A  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meta Platforms, Cl A  | 15710 | 9055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; T-Mobile US  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; T-Mobile US  | 30534 | 8144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Walt Disney  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Walt Disney  | 65103 | 6426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Communication Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Communication Services** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Communication Services** | 37987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Discretionary [9.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Discretionary [9.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Discretionary [9.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Discretionary [9.8%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amazon.Com \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amazon.Com \* | 70052 | 13328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home Depot  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home Depot  | 19940 | 7308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McDonald's  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; McDonald's  | 18991 | 5932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tesla \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tesla \* | 21172 | 5487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TJX  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TJX  | 18340 | 2234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Discretionary** | 34289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Staples [5.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Staples [5.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Staples [5.8%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Consumer Staples [5.8%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anheuser-Busch InBev ADR  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anheuser-Busch InBev ADR  | 45845 | 2822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costco Wholesale  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Costco Wholesale  | 8028 | 7593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PepsiCo  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PepsiCo  | 27200 | 4078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Procter & Gamble  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Procter & Gamble  | 13837 | 2358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Walmart  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Walmart  | 37509 | 3293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Consumer Staples** | 20144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy [3.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy [3.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy [3.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Energy [3.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EOG Resources  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EOG Resources  | 33725 | 4325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ExxonMobil  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ExxonMobil  | 43902 | 5221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Occidental Petroleum  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Occidental Petroleum  | 18470 | 912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Schlumberger  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Schlumberger  | 26322 | 1100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Energy** | 11558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [17.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [17.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [17.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financials [17.7%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of America  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of America  | 84319 | 3518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of New York Mellon  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank of New York Mellon  | 28560 | 2395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Berkshire Hathaway, Cl B \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Berkshire Hathaway, Cl B \* | 16671 | 8879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital One Financial  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital One Financial  | 36553 | 6554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CME Group, Cl A  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CME Group, Cl A  | 12284 | 3259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase  | 45099 | 11063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marsh & McLennan  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marsh & McLennan  | 24699 | 6027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mastercard, Cl A  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mastercard, Cl A  | 14731 | 8074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; S&P Global  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; S&P Global  | 8274 | 4204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Visa, Cl A  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Visa, Cl A  | 24173 | 8472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Financials** | 62445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care [10.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care [10.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care [10.1%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care [10.1%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amgen  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amgen  | 16100 | 5016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eli Lilly  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eli Lilly  | 5984 | 4942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HCA Healthcare  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HCA Healthcare  | 3861 | 1334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Novo Nordisk ADR  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Novo Nordisk ADR  | 48652 | 3378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thermo Fisher Scientific  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thermo Fisher Scientific  | 10374 | 5162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UnitedHealth Group  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UnitedHealth Group  | 13644 | 7146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vertex Pharmaceuticals \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vertex Pharmaceuticals \* | 12196 | 5913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zoetis, Cl A  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zoetis, Cl A  | 16671 | 2745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Health Care** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Health Care** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Health Care** | 35636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrials [8.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrials [8.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrials [8.2%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrials [8.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cintas  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cintas  | 29270 | 6016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSX  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CSX  | 105289 | 3099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northrop Grumman  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Northrop Grumman  | 6844 | 3504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parker-Hannifin  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Parker-Hannifin  | 6274 | 3814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quanta Services  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quanta Services  | 17658 | 4488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trane Technologies  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trane Technologies  | 23471 | 7908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Industrials** | 28829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Information Technology [28.2%](A)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Information Technology [28.2%](A)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Information Technology [28.2%](A)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Information Technology [28.2%](A)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adobe \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adobe \* | 11845 | 4543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apple  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Apple  | 108908 | 24192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ASML Holding, Cl G  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ASML Holding, Cl G  | 8611 | 5706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broadcom  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Broadcom  | 38080 | 6376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KLA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KLA  | 5396 | 3668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Microsoft  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Microsoft  | 61647 | 23142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NVIDIA  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NVIDIA  | 184729 | 20021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NXP Semiconductors  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NXP Semiconductors  | 11372 | 2161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Roper Technologies  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Roper Technologies  | 6725 | 3965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Salesforce  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Salesforce  | 20380 | 5469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Information Technology** | 99243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Materials [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Materials [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Materials [0.9%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Materials [0.9%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Linde  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Linde  | 6536 | 3043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate [1.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate [1.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate [1.7%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate [1.7%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Tower  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Tower  | 27425 | 5968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [2.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [2.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [2.3%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Utilities [2.3%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Water Works  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Water Works  | 19464 | 2871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy  | 75072 | 5322 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Utilities** | 8193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stock** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $183,957) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $183,957) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $183,957) | 347335 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 75

---

| |
|:---|
| **schedule of investments** |
| *March 31, 2025 (Unaudited)* |
| City National Rochdale U.S. Core Equity Fund *(concluded)* |

---

---

| | | | |
|:---|:---|:---|:---|
| Description | Shares | Shares | Value (000) |
|  **Short-Term Investment [1.2%]** | **Short-Term Investment [1.2%]** | **Short-Term Investment [1.2%]** | **Short-Term Investment [1.2%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SEI Daily Income Trust Government Fund, Cl Institutional, 4.260%\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SEI Daily Income Trust Government Fund, Cl Institutional, 4.260%\*\* | 4165753 | $4166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Short-Term Investment** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $4,166) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $4,166) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $4,166) | 4166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [100.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [100.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [100.0%]** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Investments [100.0%]** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $188,123) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $188,123) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $188,123) | $351501 |

---

Percentages are based on net assets of $351,492 (000).

\* Non-income producing security.

\*\* The rate reported is the 7-day effective yield as of March 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(A) The Fund uses more specific
 categories in following its investment limitations on investment concentrations. Broad industry sectors are used for financial reporting
 purposes.

ADR — American Depositary Receipt

Cl — Class

As of March 31, 2025, all of the Fund's investments are Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For more information on valuation inputs, see Note 2 - Significant Accounting Policies in the Notes to Financial Statements.

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 76

---

| |
|:---|
| **statements of assets and liabilities (000)** |
| *March 31, 2025 (Unaudited)* |

---

---

| | | |
|:---|:---|:---|
|  | City National <br> Rochdale <br> Government Money <br> Market Fund | City National <br> Rochdale Municipal <br> High Income Fund |
|  **ASSETS:** |  |  |
| &nbsp;&nbsp;&nbsp; Cost of securities (including repurchase agreements) | $7081307 | $815138 |
| &nbsp;&nbsp;&nbsp; Investments in securities, at value | $5831307 | $772822 |
| &nbsp;&nbsp;&nbsp; Repurchase agreements, at value | 1250000 |  |
| &nbsp;&nbsp;&nbsp; Dividend and interest receivable | 7499 | 10847 |
| &nbsp;&nbsp;&nbsp; Receivable for investment securities sold |  | 4456 |
| &nbsp;&nbsp;&nbsp; Receivable for capital shares sold | 33848 | 505 |
| &nbsp;&nbsp;&nbsp; Prepaid expenses | 129 | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Assets | $7122783 | $788653 |
|  **LIABILITIES:** |  |  |
| &nbsp;&nbsp;&nbsp; Payable for capital shares redeemed | 41411 | 2587 |
| &nbsp;&nbsp;&nbsp; Payable for income distributions | 7271 | 1789 |
| &nbsp;&nbsp;&nbsp; Payable for investment securities purchased |  | 7276 |
| &nbsp;&nbsp;&nbsp; Investment advisory fees payable | 259 | 336 |
| &nbsp;&nbsp;&nbsp; Shareholder servicing and distribution fees payable | 2048 | 274 |
| &nbsp;&nbsp;&nbsp; Administrative fees payable | 133 | 40 |
| &nbsp;&nbsp;&nbsp; Trustee fees payable | 20 | 5 |
| &nbsp;&nbsp;&nbsp; Accrued expenses | 307 | 56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Liabilities | 51449 | 12363 |
| &nbsp;&nbsp;&nbsp; **Net Assets** | $7071334 | $776290 |
|  **COMMITMENTS AND CONTINGENCIES†** |  |  |
|  **NET ASSETS:** |  |  |
| &nbsp;&nbsp;&nbsp; Paid-in Capital (unlimited authorization — $0.01 par value) | $7071319 | $1063472 |
| &nbsp;&nbsp;&nbsp; Total distributable earnings/(loss) | 15 | (287182) |
| &nbsp;&nbsp;&nbsp; **Net Assets** | $7071334 | $776290 |
|  Class N Shares: |  |  |
| &nbsp;&nbsp;&nbsp; Net Assets | $10 | $488124 |
| &nbsp;&nbsp;&nbsp; Total shares outstanding at end of period | 10 | 53060 |
| &nbsp;&nbsp;&nbsp; Net asset value, offering and redemption price per share (net assets ÷ shares outstanding) | $1.00 | $9.20 |
|  Class S Shares: |  |  |
| &nbsp;&nbsp;&nbsp; Net Assets | $1164067 | $— |
| &nbsp;&nbsp;&nbsp; Total shares outstanding at end of period | 1164065 |  |
| &nbsp;&nbsp;&nbsp; Net asset value, offering and redemption price per share (net assets ÷ shares outstanding) | $1.00 | $— |
|  Servicing Class Shares: |  |  |
| &nbsp;&nbsp;&nbsp; Net Assets | $5907257 | $288166 |
| &nbsp;&nbsp;&nbsp; Total shares outstanding at end of period | 5907247 | 31306 |
| &nbsp;&nbsp;&nbsp; Net asset value, offering and redemption price per share (net assets ÷ shares outstanding) | $1.00 | $9.20 |

---

Amounts designated as "—" are either $0 or have been rounded to $0.

&nbsp;&nbsp;&nbsp;&nbsp;† See Note 2 in the Notes to
 Financial Statements.

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 77

---

| |
|:---|
| **statements of assets and liabilities (000)** |
| *March 31, 2025 (Unaudited)* |

---

---

| | | | |
|:---|:---|:---|:---|
|  | City National <br> Rochdale <br> Fixed Income <br> Opportunities Fund | City National <br> Rochdale Equity <br> Income Fund | City National <br> Rochdale U.S. <br> Core Equity Fund |
|  **ASSETS:** |  |  |  |
| &nbsp;&nbsp;&nbsp; Cost of securities (including affiliated investments and repurchase agreements) | $2013876 | $91235 | $188123 |
| &nbsp;&nbsp;&nbsp; Investments in securities, at value | $1724744 | $127198 | $351501 |
| &nbsp;&nbsp;&nbsp; Foreign currency(1) | 2197 |  |  |
| &nbsp;&nbsp;&nbsp; Dividend and interest receivable | 21288 | 390 | 94 |
| &nbsp;&nbsp;&nbsp; Foreign tax reclaim receivable | 418 | 87 | 29 |
| &nbsp;&nbsp;&nbsp; Receivable for capital shares sold | 1521 |  | 516 |
| &nbsp;&nbsp;&nbsp; Receivable for investment securities sold | 21373 |  |  |
| &nbsp;&nbsp;&nbsp; Variation margin receivable | 15 |  |  |
| &nbsp;&nbsp;&nbsp; Unrealized gain on forward foreign currency contracts | 900 |  |  |
| &nbsp;&nbsp;&nbsp; Cash collateral for forward foreign currency contracts | 146 |  |  |
| &nbsp;&nbsp;&nbsp; Prepaid expenses | 347 | 6 | 17 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Assets | $1772949 | $127681 | $352157 |
|  **LIABILITIES:** |  |  |  |
| &nbsp;&nbsp;&nbsp; Payable for line of credit | 16910 |  |  |
| &nbsp;&nbsp;&nbsp; Payable for investment securities purchased | 32060 |  |  |
| &nbsp;&nbsp;&nbsp; Payable for capital shares redeemed | 2343 | 36 | 353 |
| &nbsp;&nbsp;&nbsp; Unrealized loss on forward foreign currency contracts | 8 |  |  |
| &nbsp;&nbsp;&nbsp; Payable to Custodian | 663 | 1 | 4 |
| &nbsp;&nbsp;&nbsp; Investment advisory fees payable | 739 | 54 | 122 |
| &nbsp;&nbsp;&nbsp; Shareholder servicing and distribution fees payable | 744 | 54 | 123 |
| &nbsp;&nbsp;&nbsp; Trustee fees payable | 53 | 15 | 5 |
| &nbsp;&nbsp;&nbsp; Administrative fees payable | 7 | 31 | 34 |
| &nbsp;&nbsp;&nbsp; Accrued expenses | 229 | 18 | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Liabilities | 53756 | 209 | 665 |
| &nbsp;&nbsp;&nbsp; **Net Assets** | $1719193 | $127472 | $351492 |
|  **COMMITMENTS AND CONTINGENCIES†** |  |  |  |
|  **NET ASSETS:** |  |  |  |
| &nbsp;&nbsp;&nbsp; Paid-in Capital (unlimited authorization — $0.01 par value) | $2801716 | $87154 | $152114 |
| &nbsp;&nbsp;&nbsp; Total distributable earnings/(loss) | (1082523) | 40318 | 199378 |
| &nbsp;&nbsp;&nbsp; **Net Assets** | $1719193 | $127472 | $351492 |
|  Institutional Class Shares: |  |  |  |
| &nbsp;&nbsp;&nbsp; Net Assets | $— | $— | $250 |
| &nbsp;&nbsp;&nbsp; Total shares outstanding at end of period |  |  | 11 |
| &nbsp;&nbsp;&nbsp; Net asset value, offering and redemption price per share (net assets ÷ shares outstanding) | $— | $— | $23.40 \* |
|  Class N Shares: |  |  |  |
| &nbsp;&nbsp;&nbsp; Net Assets | $1719193 | $127472 | $218495 |
| &nbsp;&nbsp;&nbsp; Total shares outstanding at end of period | 88737 | 3519 | 9466 |
| &nbsp;&nbsp;&nbsp; Net asset value, offering and redemption price per share (net assets ÷ shares outstanding) | $19.37 | $36.23 \* | $23.08 |
|  Servicing Class Shares: |  |  |  |
| &nbsp;&nbsp;&nbsp; Net Assets | $— | $— | $132747 |
| &nbsp;&nbsp;&nbsp; Total shares outstanding at end of period |  |  | 5723 |
| &nbsp;&nbsp;&nbsp; Net asset value, offering and redemption price per share (net assets ÷ shares outstanding) | $— | $— | $23.19 \* |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Cost of foreign currency $2,172
 (000).

Amounts designated as "—" are either $0 or have been rounded to $0.

\* NAV per share as of March 31, 2025 does not calculate to the stated NAV per share due to rounding of net assets and shares.

&nbsp;&nbsp;&nbsp;&nbsp;† See Note 2 in the Notes to
 Financial Statements.

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 78

**Statements of Operations**

---

| |
|:---|
| **statements of operations (000)** |
| *For the six months ended March 31, 2025 (Unaudited)* |

---

---

| | | |
|:---|:---|:---|
|  | City National <br> Rochdale <br> Government Money <br> Market Fund | City National <br> Rochdale Municipal <br> High Income Fund |
|  **INVESTMENT INCOME:** |  |  |
| &nbsp;&nbsp;&nbsp; Interest Income | $184014 | $20000 |
| &nbsp;&nbsp;&nbsp; Dividend Income |  | 199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investment Income | 184014 | 20199 |
|  **EXPENSES:** |  |  |
| &nbsp;&nbsp;&nbsp; Investment Advisory Fees | 10490 | 1991 |
| &nbsp;&nbsp;&nbsp; Shareholder Servicing Fees — Class N(1) |  | 1276 |
| &nbsp;&nbsp;&nbsp; Shareholder Servicing Fees — Class S(1) | 4238 |  |
| &nbsp;&nbsp;&nbsp; Shareholder Servicing Fees — Servicing Class | 8573 | 357 |
| &nbsp;&nbsp;&nbsp; Administration Fees | 809 | 239 |
| &nbsp;&nbsp;&nbsp; Transfer Agent Fees | 152 | 15 |
| &nbsp;&nbsp;&nbsp; Trustee Fees | 203 | 60 |
| &nbsp;&nbsp;&nbsp; Professional Fees | 329 | 45 |
| &nbsp;&nbsp;&nbsp; Custody Fees | 143 | 15 |
| &nbsp;&nbsp;&nbsp; Interest Expense on Borrowings |  | 14 |
| &nbsp;&nbsp;&nbsp; Registration Fees | 65 | 8 |
| &nbsp;&nbsp;&nbsp; Printing Fees | 76 | 7 |
| &nbsp;&nbsp;&nbsp; Insurance and Other Expenses | 187 | 74 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Expenses | 25265 | 4101 |
| &nbsp;&nbsp;&nbsp; Less, Waivers of: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Advisory Fees | (8835) |  |
| &nbsp;&nbsp;&nbsp; **Net Expenses**  | 16430 | 4101 |
|  **Net Investment Income**  | 167584 | 16098 |
| &nbsp;&nbsp;&nbsp; Net Realized Gain (Loss): |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments | 7 | (2094) |
| &nbsp;&nbsp;&nbsp; Net Change in Unrealized Appreciation (Depreciation) on: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments |  | (21757) |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations**  | $167591 | $(7753) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Includes class specific distribution
 expenses.

Amounts designated as "—" are either $0 or have been rounded to $0.

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 79

---

| |
|:---|
| **statements of operations (000)** |
| *For the six months ended March 31, 2025 (Unaudited)* |

---

---

| | | | |
|:---|:---|:---|:---|
|  | City National <br> Rochdale <br> Fixed Income <br> Opportunities Fund | City National <br> Rochdale Equity <br> Income Fund | City National <br> Rochdale U.S. <br> Core Equity Fund |
|  **INVESTMENT INCOME:** |  |  |  |
| &nbsp;&nbsp;&nbsp; Dividend Income | $7803 | $2722 | $2165 |
| &nbsp;&nbsp;&nbsp; Interest Income | 65959 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: Foreign Taxes Withheld |  | (4) | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investment Income | 73762 | 2718 | 2149 |
|  **EXPENSES:** |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment Advisory Fees | 4439 | 343 | 783 |
| &nbsp;&nbsp;&nbsp; Shareholder Servicing Fees — Class N(1) | 4439 | 343 | 594 |
| &nbsp;&nbsp;&nbsp; Shareholder Servicing Fees — Servicing Class |  |  | 192 |
| &nbsp;&nbsp;&nbsp; Administration Fees | 317 | 187 | 207 |
| &nbsp;&nbsp;&nbsp; Transfer Agent Fees | 34 | 3 | 7 |
| &nbsp;&nbsp;&nbsp; Trustee Fees | 80 | 57 | 52 |
| &nbsp;&nbsp;&nbsp; Professional Fees | 87 | 20 | 28 |
| &nbsp;&nbsp;&nbsp; Custody Fees | 87 | 3 | 8 |
| &nbsp;&nbsp;&nbsp; Registration Fees | 17 | 3 | 3 |
| &nbsp;&nbsp;&nbsp; Printing Fees | 17 | 1 | 4 |
| &nbsp;&nbsp;&nbsp; Interest Expense on Borrowings | 582 |  |  |
| &nbsp;&nbsp;&nbsp; Insurance and Other Expenses | 210 | 23 | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Expenses | 10309 | 983 | 1898 |
| &nbsp;&nbsp;&nbsp; Less, Waivers of: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Advisory Fees | (54) |  |  |
| &nbsp;&nbsp;&nbsp; **Net Expenses**  | 10255 | 983 | 1898 |
|  **Net Investment Income** | 63507 | 1735 | 251 |
| &nbsp;&nbsp;&nbsp; Net Realized Gain (Loss) from: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities Transactions | (18180) | 4863 | 39033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures Contracts | (234) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts | 13100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Transactions | 961 |  |  |
| &nbsp;&nbsp;&nbsp; Net Change in Unrealized Appreciation (Depreciation) on: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments | (19722) | (3674) | (49092) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts | 447 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Translations | (105) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Futures Contracts</u>  | (74) |  |  |
|  **Net Increase (Decrease) in Net Assets Resulting from Operations** | $39700 | $2924 | $(9808) |

---

(1) Includes class specific distribution expenses.

Amounts designated as "—" are either $0 or have been rounded to $0.

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 80

---

| |
|:---|
| **statements of changes in net assets (000)** |
| *For the six months ended March 31, 2025 (Unaudited) and year ended September 30, 2024* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | City National Rochdale <br> Government Money Market Fund | City National Rochdale <br> Government Money Market Fund | City National Rochdale <br> Municipal High Income Fund | City National Rochdale <br> Municipal High Income Fund |
|  | 2025 | 2024 | 2025 | 2024 |
|  **OPERATIONS:** | **OPERATIONS:** | **OPERATIONS:** | **OPERATIONS:** | **OPERATIONS:** |
| &nbsp;&nbsp;&nbsp; Net Investment Income | $167584 | $369845 | $16098 | $41276 |
| &nbsp;&nbsp;&nbsp; Net Realized Gain (Loss) | 7 | 7 | (2094) | (23688) |
| &nbsp;&nbsp;&nbsp; Net Change in Unrealized Appreciation (Depreciation)  |  |  | (21757) | 107975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Increase (Decrease) in Net Assets Resulting from Operations | 167591 | 369852 | (7753) | 125563 |
|  **DISTRIBUTIONS:** | **DISTRIBUTIONS:** | **DISTRIBUTIONS:** | **DISTRIBUTIONS:** | **DISTRIBUTIONS:** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Class N*  |  | (6920) | (9925) | (24115) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Class S*  | (22831) | (53639) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Servicing Class*  | (144772) | (309295) | (5923) | (16099) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Distributions | (167603) | (369854) | (15848) | (40214) |
|  **CAPITAL SHARE TRANSACTIONS:(1)** | **CAPITAL SHARE TRANSACTIONS:(1)** | **CAPITAL SHARE TRANSACTIONS:(1)** | **CAPITAL SHARE TRANSACTIONS:(1)** | **CAPITAL SHARE TRANSACTIONS:(1)** |
| &nbsp;&nbsp;&nbsp; *Class N:*  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Issued |  | 429391 | 65444 | 134532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Issued in Lieu of Dividends and Distributions |  | 6920 | 4955 | 12286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Redeemed |  | (1100521) | (111330) | (270443) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in Net Assets from Class N Share Transactions |  | (664210) | (40931) | (123625) |
| &nbsp;&nbsp;&nbsp; *Class S:*  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Issued | 8448734 | 4109649 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Issued in Lieu of Dividends and Distributions | 125425 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Redeemed | (9304846) | (4348034) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in Net Assets from Class S Share Transactions | (730687) | (238385) |  |  |
| &nbsp;&nbsp;&nbsp; *Servicing Class:* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Issued | 2526571 | 15193995 | 67130 | 57135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Issued in Lieu of Dividends and Distributions |  | 266028 | 819 | 2685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Redeemed | (2594869) | (14732734) | (68088) | (238825) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in Net Assets from Servicing Class Share Transactions | (68298) | 727289 | (139) | (179005) |
|  Net Increase (Decrease) in Net Assets from Share Transactions | (798985) | (175306) | (41070) | (302630) |
|  Total Increase (Decrease) in Net Assets | (798997) | (175308) | (64671) | (217281) |
|  **NET ASSETS:** | **NET ASSETS:** | **NET ASSETS:** | **NET ASSETS:** | **NET ASSETS:** |
| &nbsp;&nbsp;&nbsp; Beginning of Year/Period | 7870331 | 8045639 | 840961 | 1058242 |
| &nbsp;&nbsp;&nbsp; End of Year/Period | $7071334 | $7870331 | $776290 | $840961 |

---

(1) See Note 9 for shares issued and redeemed.

Amounts designated as "—" are either $0 or have been rounded to $0.

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 81

---

| |
|:---|
| **statements of changes in net assets (000)** |
| *For the six months ended March 31, 2025 (Unaudited) and year ended September 30, 2024* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | City National <br> Rochdale <br> Fixed Income <br> Opportunities <br> Fund | City National <br> Rochdale <br> Fixed Income <br> Opportunities <br> Fund | City National <br> Rochdale <br> Equity <br> Income Fund | City National <br> Rochdale <br> Equity <br> Income Fund |
|  | 2025 | 2024 | 2025 | 2024 |
|  **OPERATIONS:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net Investment Income | $63507 | $151387 | $1735 | $4208 |
| &nbsp;&nbsp;&nbsp; Net Realized Gain (Loss) | (4353) | (70822) | 4863 | 12462 |
| &nbsp;&nbsp;&nbsp; Net Change in Unrealized Appreciation (Depreciation)  | (19454) | 117312 | (3674) | 23349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Increase (Decrease) in Net Assets Resulting from Operations | 39700 | 197877 | 2924 | 40019 |
|  **DISTRIBUTIONS:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Institutional Class*  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Class N*  | (63880) | (122108) | (11884) | (4143) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *Servicing Class* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Distributions | (63880) | (122108) | (11884) | (4143) |
|  **CAPITAL SHARE TRANSACTIONS:(1)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; *Institutional Class:*  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Issued |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Issued in Lieu of Dividends and Distributions |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Redeemed |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in Net Assets from Institutional Class Share Transactions |  |  |  |  |
| &nbsp;&nbsp;&nbsp; *Class N:*  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Issued | 173309 | 333094 | 5049 | 12604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Issued in Lieu of Dividends and Distributions | 45124 | 86257 | 7803 | 2778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Redeemed | (351189) | (803156) | (24039) | (73505) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in Net Assets from Class N Share Transactions | (132756) | (383805) | (11187) | (58123) |
| &nbsp;&nbsp;&nbsp; *Servicing Class:*  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Issued |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Issued in Lieu of Dividends and Distributions |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shares Redeemed |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase (Decrease) in Net Assets from Servicing Class Share Transactions |  |  |  |  |
|  Net Increase (Decrease) in Net Assets from Share Transactions | (132756) | (383805) | (11187) | (58123) |
|  Total Increase (Decrease) in Net Assets | (156936) | (308036) | (20147) | (22247) |
|  **NET ASSETS:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of Year/Period | 1876129 | 2184165 | 147619 | 169866 |
| &nbsp;&nbsp;&nbsp; End of Year/Period | $1719193 | $1876129 | $127472 | $147619 |

---

(1) See Note 9 for shares issued and redeemed.

Amounts designated as "—" are either $0 or have been rounded to $0.

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 82

---

| | |
|:---|:---|
| City National <br> Rochdale <br> U.S. Core <br> Equity Fund | City National <br> Rochdale <br> U.S. Core <br> Equity Fund |
| 2025 | 2024 |
| $251 | $1005 |
| 39033 | 66514 |
| (49092) | 39678 |
| (9808) | 107197 |
| (44) | (18) |
| (37903) | (25483) |
| (25165) | (18780) |
| (63112) | (44281) |
|  | 103 |
| 35 | 18 |
| (15) | (11) |
| 20 | 110 |
| 22969 | 40465 |
| 31073 | 21111 |
| (37444) | (61735) |
| 16598 | (159) |
| 15952 | 19974 |
| 3974 | 2142 |
| (24574) | (36888) |
| (4648) | (14772) |
| 11970 | (14821) |
| (60950) | 48095 |
| 412442 | 364347 |
| $351492 | $412442 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 83

---

| |
|:---|
| **statement of cash flows (000)** |
| *For the period ended March 31, 2025 (Unaudited)* |

---

---

| | |
|:---|:---|
|  | City National <br> Rochdale <br> Fixed Income <br> Opportunities Fund |
|  **Cash Flows from Operating Activities:** |  |
|  Net increase in net assets from operations | $39700 |
|  Adjustments to reconcile net increase in net assets resulting from operations to net cash used in operating activities: |  |
| &nbsp;&nbsp;&nbsp; Purchase of investment securities | (674122) |
| &nbsp;&nbsp;&nbsp; Proceeds from disposition of investment securities | 812962 |
| &nbsp;&nbsp;&nbsp; Amortization (accretion of market discount) | (5724) |
| &nbsp;&nbsp;&nbsp; Premium payments | (795) |
| &nbsp;&nbsp;&nbsp; Net realized loss on investments | 18180 |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation on investments | 19454 |
| &nbsp;&nbsp;&nbsp; **Changes in assets:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend and interest receivable | 2293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reclaim receivable | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable for investment securities sold | 10004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Variation Margin | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized gain on forward foreign currency contracts | (365) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepaid expenses | (337) |
| &nbsp;&nbsp;&nbsp; **Changes in liabilities:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for investment securities purchased | (43843) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable upon return on securities loaned | 16910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized loss on forward foreign currency contracts | (82) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment advisory fees payable | (38) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholder servicing and distribution fees payable | (33) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Administrative fees payable | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trustee fees payable | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued expenses | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Cash Used in Operating Activities | 194236 |
|  **Cash Flows from Financing Activities:** |  |
| &nbsp;&nbsp;&nbsp; Proceeds from shares issued | 218374 |
| &nbsp;&nbsp;&nbsp; Cost of shares redeemed | (349914) |
| &nbsp;&nbsp;&nbsp; Distributions | (63880) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash provided by financing activities | (195420) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net change in cash | (1184) |
| &nbsp;&nbsp;&nbsp; Cash at beginning of year | 2864 |
| &nbsp;&nbsp;&nbsp; Cash at end of year | $1680 |
|  **Non-cash operating and financing activities:** |  |
| &nbsp;&nbsp;&nbsp; Reinvestments of dividends and distributions | $45124 |

---

The following table provides a reconciliation of cash and foreign currency reported on the statement of assets and liabilities to the total of such amounts shown in this statement of cash flows.

---

| | |
|:---|:---|
|  Balance at the end of the year |  |
| &nbsp;&nbsp;&nbsp; Payable to Custodian | $(663) |
| &nbsp;&nbsp;&nbsp; Foreign Currency | 2197 |
| &nbsp;&nbsp;&nbsp; Restricted Cash | 146 |
|  Total Cash and Foreign Currency | $1680 |
|  **Supplemental Disclosure of Cash Flow Information:** |  |
| &nbsp;&nbsp;&nbsp; Interest Paid | $582 |

---

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 84

*This page intentionally left blank.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 85

---

| |
|:---|
| **financial highlights** |
| *For a Share Outstanding Throughout Each Period<br> For the six months ended March 31, 2025 (Unaudited) and the year ended September 30,* |

---

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Net Asset <br> Value <br> Beginning <br> of Period | Net <br> Investment <br> Income† | Net <br> Realized and <br> Unrealized <br> Gains <br> (Losses) | Dividends <br> from Net <br> Investment <br> Income | Distributions <br> from Realized <br> Capital Gains | Net Asset <br> Value End <br> of Period | Total <br> Return‡ | Net Assets End <br> of Period (000) | Ratio of <br> Expenses to <br> Average Net <br> Assets<sup>(1)</sup> | Ratio of Net <br> Investment <br> Income to <br> Average Net <br> Assets<sup>(1)</sup> | Ratio of Expenses <br> to Average Net <br> Assets (Excluding <br> Waivers & <br> Recovered Fees) | Portfolio <br> Turnover <br> Rate |
| **City National Rochdale Government Money Market Fund** | **City National Rochdale Government Money Market Fund** | **City National Rochdale Government Money Market Fund** | **City National Rochdale Government Money Market Fund** | **City National Rochdale Government Money Market Fund** | **City National Rochdale Government Money Market Fund** | **City National Rochdale Government Money Market Fund** | **City National Rochdale Government Money Market Fund** | **City National Rochdale Government Money Market Fund** | **City National Rochdale Government Money Market Fund** | **City National Rochdale Government Money Market Fund** | **City National Rochdale Government Money Market Fund** | **City National Rochdale Government Money Market Fund** |
| Class N (commenced operations on June 21, 1999) | Class N (commenced operations on June 21, 1999) | Class N (commenced operations on June 21, 1999) | Class N (commenced operations on June 21, 1999) | Class N (commenced operations on June 21, 1999) | Class N (commenced operations on June 21, 1999) | Class N (commenced operations on June 21, 1999) | Class N (commenced operations on June 21, 1999) | Class N (commenced operations on June 21, 1999) | Class N (commenced operations on June 21, 1999) | Class N (commenced operations on June 21, 1999) | Class N (commenced operations on June 21, 1999) | Class N (commenced operations on June 21, 1999) |
| &nbsp;&nbsp; 2025 | $1.00 | $0.019 | $— | $(0.019) |  | $1.00 | 1.96% | $10 | 0.65% | 3.89% | 0.88% | —% |
| &nbsp;&nbsp; 2024 | 1.00 | 0.047 | 0.000 \* | (0.047) |  | 1.00 | 4.84 | 10 | 0.63 | 4.71 | 0.85 |  |
| &nbsp;&nbsp; 2023 | 1.00 | 0.041 | (0.001) | (0.040) |  | 1.00 | 4.00 | 664234 | 0.65 | 4.07 | 0.87 |  |
| &nbsp;&nbsp; 2022 | 1.00 | 0.004 | 0.000 \* | (0.004) |  | 1.00 | 0.39 | 347551 | 0.29 | 0.30 | 0.86 |  |
| &nbsp;&nbsp; 2021 | 1.00 | 0.000 \* | 0.000 \* | (0.000) |  | 1.00 | 0.01 | 642240 | 0.07 | 0.01 | 0.87 |  |
| &nbsp;&nbsp; 2020 | 1.00 | 0.003 | 0.001 | (0.004) |  | 1.00 | 0.42 | 523559 | 0.38 | 0.27 | 0.88 |  |
| Class S (commenced operations on October 6, 1999) | Class S (commenced operations on October 6, 1999) | Class S (commenced operations on October 6, 1999) | Class S (commenced operations on October 6, 1999) | Class S (commenced operations on October 6, 1999) | Class S (commenced operations on October 6, 1999) | Class S (commenced operations on October 6, 1999) | Class S (commenced operations on October 6, 1999) | Class S (commenced operations on October 6, 1999) | Class S (commenced operations on October 6, 1999) | Class S (commenced operations on October 6, 1999) | Class S (commenced operations on October 6, 1999) | Class S (commenced operations on October 6, 1999) |
| &nbsp;&nbsp; 2025 | $1.00 | $0.019 | $— | $(0.019) |  | $1.00 | 1.89% | $1164067 | 0.79% | 3.76% | 1.01% | —% |
| &nbsp;&nbsp; 2024 | 1.00 | 0.046 | 0.000 \* | (0.046) |  | 1.00 | 4.68 | 1232366 | 0.79 | 4.58 | 1.01 |  |
| &nbsp;&nbsp; 2023 | 1.00 | 0.039 | (0.001) | (0.038) |  | 1.00 | 3.85 | 1470759 | 0.80 | 3.93 | 1.02 |  |
| &nbsp;&nbsp; 2022 | 1.00 | 0.003 |  | (0.003) |  | 1.00 | 0.34 | 725394 | 0.39 | 0.35 | 1.02 |  |
| &nbsp;&nbsp; 2021 | 1.00 | 0.000 \* | 0.000 \* | (0.000) |  | 1.00 | 0.01 | 689506 | 0.07 | 0.01 | 1.02 |  |
| &nbsp;&nbsp; 2020 | 1.00 | 0.003 | 0.000 \* | (0.003) |  | 1.00 | 0.35 | 421153 | 0.50 | 0.31 | 1.03 |  |
| Servicing Class (commenced operations on April 3, 2000) | Servicing Class (commenced operations on April 3, 2000) | Servicing Class (commenced operations on April 3, 2000) | Servicing Class (commenced operations on April 3, 2000) | Servicing Class (commenced operations on April 3, 2000) | Servicing Class (commenced operations on April 3, 2000) | Servicing Class (commenced operations on April 3, 2000) | Servicing Class (commenced operations on April 3, 2000) | Servicing Class (commenced operations on April 3, 2000) | Servicing Class (commenced operations on April 3, 2000) | Servicing Class (commenced operations on April 3, 2000) | Servicing Class (commenced operations on April 3, 2000) | Servicing Class (commenced operations on April 3, 2000) |
| &nbsp;&nbsp; 2025 | $1.00 | $0.021 | $— | $(0.021) |  | $1.00 | 2.12% | $5907257 | 0.34% | 4.22% | 0.56% | —% |
| &nbsp;&nbsp; 2024 | 1.00 | 0.050 | 0.000 \* | (0.050) |  | 1.00 | 5.15 | 6637955 | 0.34 | 5.03 | 0.56 |  |
| &nbsp;&nbsp; 2023 | 1.00 | 0.043 | (0.001) | (0.042) |  | 1.00 | 4.31 | 5910646 | 0.35 | 4.33 | 0.57 |  |
| &nbsp;&nbsp; 2022 | 1.00 | 0.005 | 0.000 \* | (0.005) |  | 1.00 | 0.51 | 3487258 | 0.21 | 0.47 | 0.57 |  |
| &nbsp;&nbsp; 2021 | 1.00 | 0.000 \* | 0.000 \* | (0.000) |  | 1.00 | 0.02 | 3440097 | 0.07 | 0.01 | 0.57 |  |
| &nbsp;&nbsp; 2020 | 1.00 | 0.005 | 0.001 | (0.006 |  | 1.00 | 0.57 | 3216095 | 0.31 | 0.46 | 0.57 |  |
| **City National Rochdale Municipal High Income Fund** | **City National Rochdale Municipal High Income Fund** | **City National Rochdale Municipal High Income Fund** | **City National Rochdale Municipal High Income Fund** | **City National Rochdale Municipal High Income Fund** | **City National Rochdale Municipal High Income Fund** | **City National Rochdale Municipal High Income Fund** | **City National Rochdale Municipal High Income Fund** | **City National Rochdale Municipal High Income Fund** | **City National Rochdale Municipal High Income Fund** | **City National Rochdale Municipal High Income Fund** | **City National Rochdale Municipal High Income Fund** | **City National Rochdale Municipal High Income Fund** |
| Class N (commenced operations on December 30, 2013) | Class N (commenced operations on December 30, 2013) | Class N (commenced operations on December 30, 2013) | Class N (commenced operations on December 30, 2013) | Class N (commenced operations on December 30, 2013) | Class N (commenced operations on December 30, 2013) | Class N (commenced operations on December 30, 2013) | Class N (commenced operations on December 30, 2013) | Class N (commenced operations on December 30, 2013) | Class N (commenced operations on December 30, 2013) | Class N (commenced operations on December 30, 2013) | Class N (commenced operations on December 30, 2013) | Class N (commenced operations on December 30, 2013) |
| &nbsp;&nbsp; 2025 | $9.48 | $0.18 | $(0.28) | $(0.18) |  | $9.20 | (1.06)% | $488124 | 1.11% | 3.95% | 1.11% | 10% |
| &nbsp;&nbsp; 2024 | 8.67 | 0.39 | 0.81 | (0.39) |  | 9.48 | 14.04 | 544405 | 1.10 | 4.34 | 1.10 | 18 |
| &nbsp;&nbsp; 2023 | 8.97 | 0.36 | (0.31) | (0.35) |  | 8.67 | 0.44 | 616138 | 1.08 | 3.99 | 1.08 | 25 |
| &nbsp;&nbsp; 2022 | 11.07 | 0.31 | (2.10) | (0.31) |  | 8.97 | (16.47) | 835922 | 1.07 | 2.97 | 1.07 | 48 |
| &nbsp;&nbsp; 2021 | 10.61 | 0.33 | 0.46 | (0.33) |  | 11.07 | 7.51 | 1235195 | 1.07 | 3.03 | 1.07 | 15 |
| &nbsp;&nbsp; 2020 | 10.95 | 0.35 | (0.34) | (0.35) |  | 10.61 | 0.17 | 1053948 | 1.08 | 3.33 | 1.08 | 45 |
| Servicing Class (commenced operations on December 30, 2013) | Servicing Class (commenced operations on December 30, 2013) | Servicing Class (commenced operations on December 30, 2013) | Servicing Class (commenced operations on December 30, 2013) | Servicing Class (commenced operations on December 30, 2013) | Servicing Class (commenced operations on December 30, 2013) | Servicing Class (commenced operations on December 30, 2013) | Servicing Class (commenced operations on December 30, 2013) | Servicing Class (commenced operations on December 30, 2013) | Servicing Class (commenced operations on December 30, 2013) | Servicing Class (commenced operations on December 30, 2013) | Servicing Class (commenced operations on December 30, 2013) | Servicing Class (commenced operations on December 30, 2013) |
| &nbsp;&nbsp; 2025 | $9.48 | $0.20 | $(0.29) | $(0.19) |  | $9.20 | (0.93)% | $288166 | 0.86% | 4.20% | 0.86% | 10% |
| &nbsp;&nbsp; 2024 | 8.67 | 0.42 | 0.80 | (0.41) |  | 9.48 | 14.32 | 296556 | 0.85 | 4.59 | 0.85 | 18 |
| &nbsp;&nbsp; 2023 | 8.98 | 0.39 | (0.33) | (0.37) |  | 8.67 | 0.58 | 442104 | 0.84 | 4.24 | 0.84 | 25 |
| &nbsp;&nbsp; 2022 | 11.08 | 0.33 | (2.10) | (0.33) |  | 8.98 | (16.24) | 592435 | 0.82 | 3.22 | 0.82 | 48 |
| &nbsp;&nbsp; 2021 | 10.62 | 0.36 | 0.46 | (0.36) |  | 11.08 | 7.77 | 823230 | 0.82 | 3.27 | 0.82 | 15 |
| &nbsp;&nbsp; 2020 | 10.95 | 0.38 | (0.33) | (0.38) |  | 10.62 | 0.52 | 608688 | 0.83 | 3.58 | 0.83 | 45 |

---

\* Amount represents less than $0.001. 

&nbsp;&nbsp;&nbsp;&nbsp;† Per share calculations are
 based on Average Shares outstanding throughout the period.

&nbsp;&nbsp;&nbsp;&nbsp;‡ Returns are for the period
 indicated and have not been annualized. Fee waivers are in effect; if they had not been in effect, performance would have been lower.
 Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

&nbsp;&nbsp;&nbsp;&nbsp;(1) Ratio includes waivers and
 previously waived investment advisory fees recovered. The impact of the recovered fees may cause a higher net expense ratio.

Amounts designated as "—" are either $0 or have been rounded to $0.

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 86

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Net Asset <br> Value <br> Beginning <br> of Period | Net <br> Investment <br> Income† | Net <br> Realized <br> and <br> Unrealized <br> Gains <br> (Losses) | Dividends <br> from Net <br> Investment <br> Income | Distributions <br> from <br> Realized <br> Capital Gains | Distributions <br> from Return <br> of Capital | Net Asset <br> Value End <br> of Period | Total <br> Return‡ | Net Assets <br> End of <br> Period (000) | Ratio of <br> Expenses <br> to Average <br> Net Assets<sup>(1)</sup> | Ratio <br> of Net <br> Investment <br> Income to <br> Average <br> Net Assets<sup>(1)</sup> | Ratio of <br> Expenses <br> to Average <br> Net Assets <br> (Excluding <br> Waivers & <br> Recovered <br> Fees) | Portfolio <br> Turnover <br> Rate |
| **City National Rochdale Fixed Income Opportunities Fund** | **City National Rochdale Fixed Income Opportunities Fund** | **City National Rochdale Fixed Income Opportunities Fund** | **City National Rochdale Fixed Income Opportunities Fund** | **City National Rochdale Fixed Income Opportunities Fund** | **City National Rochdale Fixed Income Opportunities Fund** | **City National Rochdale Fixed Income Opportunities Fund** | **City National Rochdale Fixed Income Opportunities Fund** | **City National Rochdale Fixed Income Opportunities Fund** | **City National Rochdale Fixed Income Opportunities Fund** | **City National Rochdale Fixed Income Opportunities Fund** | **City National Rochdale Fixed Income Opportunities Fund** | **City National Rochdale Fixed Income Opportunities Fund** |  |
| Class N (commenced operations on July 1, 2009) | Class N (commenced operations on July 1, 2009) | Class N (commenced operations on July 1, 2009) | Class N (commenced operations on July 1, 2009) | Class N (commenced operations on July 1, 2009) | Class N (commenced operations on July 1, 2009) | Class N (commenced operations on July 1, 2009) | Class N (commenced operations on July 1, 2009) | Class N (commenced operations on July 1, 2009) | Class N (commenced operations on July 1, 2009) | Class N (commenced operations on July 1, 2009) | Class N (commenced operations on July 1, 2009) | Class N (commenced operations on July 1, 2009) |  |
| &nbsp;&nbsp; 2025 | $19.66 | $0.70 | $(0.27) | $(0.72) | $— | $— | $19.37 | 2.22% | $1719193 | 1.15% | 7.14% | 1.16% | 21% |
| &nbsp;&nbsp; 2024 | 18.96 | 1.48 | 0.44 | (1.22) |  |  | 19.66 | 10.32 | 1876129 | 1.14 | 7.57 | 1.14 | 34 |
| &nbsp;&nbsp; 2023 | 18.60 | 1.34 | 0.71 | (1.69) |  |  | 18.96 | 11.44 | 2184165 | 1.13 | 7.06 | 1.13 | 63 |
| &nbsp;&nbsp; 2022\* | 23.39 | 1.16 | (4.62) | (1.33) |  |  | 18.60 | (15.23) | 3070638 | 1.09<sup>(2)</sup> | 5.44 | 1.09 | 94 |
| &nbsp;&nbsp; 2021\* | 22.57 | 1.21 | 1.04 | (1.43) |  |  | 23.39 | 10.14 | 4111912 | 1.10<sup>(2)</sup> | 5.14 | 1.10 | 117 |
| &nbsp;&nbsp; 2020\* | 24.22 | 1.53 | (1.83) | (1.35) |  |  | 22.57 | (0.94) | 3739101 | 1.10<sup>(2)</sup> | 6.66 | 1.11<sup>(2)</sup> | 143 |
| **City National Rochdale Equity Income Fund** | **City National Rochdale Equity Income Fund** | **City National Rochdale Equity Income Fund** | **City National Rochdale Equity Income Fund** | **City National Rochdale Equity Income Fund** | **City National Rochdale Equity Income Fund** | **City National Rochdale Equity Income Fund** | **City National Rochdale Equity Income Fund** | **City National Rochdale Equity Income Fund** | **City National Rochdale Equity Income Fund** | **City National Rochdale Equity Income Fund** | **City National Rochdale Equity Income Fund** | **City National Rochdale Equity Income Fund** | **City National Rochdale Equity Income Fund** |
| Class N (commenced operations on June 1, 1999) | Class N (commenced operations on June 1, 1999) | Class N (commenced operations on June 1, 1999) | Class N (commenced operations on June 1, 1999) | Class N (commenced operations on June 1, 1999) | Class N (commenced operations on June 1, 1999) | Class N (commenced operations on June 1, 1999) | Class N (commenced operations on June 1, 1999) | Class N (commenced operations on June 1, 1999) | Class N (commenced operations on June 1, 1999) | Class N (commenced operations on June 1, 1999) | Class N (commenced operations on June 1, 1999) | Class N (commenced operations on June 1, 1999) |  |
| &nbsp;&nbsp; 2025 | $38.71 | $0.47 | $0.31 | $(0.46) | $— | $(2.80) | $36.23 | 2.37% | $127472 | 1.43% | 2.52% | 1.43% | 3% |
| &nbsp;&nbsp; 2024 | 30.53 | 0.93 | 8.23 | (0.98) |  |  | 38.71 | 30.37 | 147619 | 1.35 | 2.76 | 1.35 | 34 |
| &nbsp;&nbsp; 2023 | 35.40 | 0.96 | (0.42) | (0.95) | (4.46) |  | 30.53 | 0.03 | 169866 | 1.27 | 2.76 | 1.27 | 32 |
| &nbsp;&nbsp; 2022 | 40.58 | 1.02 | (2.42) | (1.02) | (2.76) |  | 35.40 | (4.41) | 202680 | 1.12 | 2.47 | 1.17 | 24 |
| &nbsp;&nbsp; 2021 | 35.52 | 0.88 | 5.30 | (1.12) |  |  | 40.58 | 17.53 | 237219 | 1.15 | 2.25 | 1.15 | 30 |
| &nbsp;&nbsp; 2020 | 41.01 | 0.73 | (4.73) | (0.79) | (0.36) | (0.34 | 35.52 | (9.80) | 222097 | 1.15 | 1.95 | 1.15 | 20 |
| **City National Rochdale U.S. Core Equity Fund** | **City National Rochdale U.S. Core Equity Fund** | **City National Rochdale U.S. Core Equity Fund** | **City National Rochdale U.S. Core Equity Fund** | **City National Rochdale U.S. Core Equity Fund** | **City National Rochdale U.S. Core Equity Fund** | **City National Rochdale U.S. Core Equity Fund** | **City National Rochdale U.S. Core Equity Fund** | **City National Rochdale U.S. Core Equity Fund** | **City National Rochdale U.S. Core Equity Fund** | **City National Rochdale U.S. Core Equity Fund** | **City National Rochdale U.S. Core Equity Fund** | **City National Rochdale U.S. Core Equity Fund** | **City National Rochdale U.S. Core Equity Fund** |
| Institutional Class (commenced operations on December 3, 2012) | Institutional Class (commenced operations on December 3, 2012) | Institutional Class (commenced operations on December 3, 2012) | Institutional Class (commenced operations on December 3, 2012) | Institutional Class (commenced operations on December 3, 2012) | Institutional Class (commenced operations on December 3, 2012) | Institutional Class (commenced operations on December 3, 2012) | Institutional Class (commenced operations on December 3, 2012) | Institutional Class (commenced operations on December 3, 2012) | Institutional Class (commenced operations on December 3, 2012) | Institutional Class (commenced operations on December 3, 2012) | Institutional Class (commenced operations on December 3, 2012) | Institutional Class (commenced operations on December 3, 2012) |  |
| &nbsp;&nbsp; 2025 | $28.44 | $0.07 | $(0.63) | $(0.07) |  | $(4.41) | $23.40 | (2.89)% | $250 | 0.57% | 0.53% | 0.57% | 5% |
| &nbsp;&nbsp; 2024 | 24.21 | 0.17 | 7.16 | (0.20) | (2.90) |  | 28.44 | 32.69 | 280 | 0.57 | 0.64 | 0.57 | 20 |
| &nbsp;&nbsp; 2023 | 20.66 | 0.19 | 3.98 | (0.16) | (0.46) |  | 24.21 | 20.43 | 138 | 0.54 | 0.81 | 0.54 | 28 |
| &nbsp;&nbsp; 2022 | 26.49 | 0.17 | (4.67) | (0.18) | (1.15) |  | 20.66 | (18.18) | 126 | 0.52 | 0.70 | 0.52 | 28 |
| &nbsp;&nbsp; 2021 | 20.99 | 0.15 | 5.45 | (0.10) |  |  | 26.49 | 26.76 | 148 | 0.51 | 0.62 | 0.51 | 13 |
| &nbsp;&nbsp; 2020 | 19.32 | 0.10 | 2.21 | (0.14) | (0.50) |  | 20.99 | 12.20 | 5633 | 0.56 | 0.52 | 0.56 | 14 |
| Class N (commenced operations on December 3, 2012) | Class N (commenced operations on December 3, 2012) | Class N (commenced operations on December 3, 2012) | Class N (commenced operations on December 3, 2012) | Class N (commenced operations on December 3, 2012) | Class N (commenced operations on December 3, 2012) | Class N (commenced operations on December 3, 2012) | Class N (commenced operations on December 3, 2012) | Class N (commenced operations on December 3, 2012) | Class N (commenced operations on December 3, 2012) | Class N (commenced operations on December 3, 2012) | Class N (commenced operations on December 3, 2012) | Class N (commenced operations on December 3, 2012) |  |
| &nbsp;&nbsp; 2025 | $28.11 | $— | $(0.62) | $— |  | $(4.41) | $23.08 | (3.13)% | $218495 | 1.07% | 0.03% | 1.07% | 5% |
| &nbsp;&nbsp; 2024 | 23.97 | 0.04 | 7.08 | (0.08) | (2.90) |  | 28.11 | 32.03 | 246302 | 1.07 | 0.16 | 1.07 | 20 |
| &nbsp;&nbsp; 2023 | 20.46 | 0.07 | 3.94 | (0.04) | (0.46) |  | 23.97 | 19.85 | 209330 | 1.04 | 0.31 | 1.04 | 28 |
| &nbsp;&nbsp; 2022 | 26.25 | 0.04 | (4.62) | (0.06) | (1.15) |  | 20.46 | (18.61) | 184503 | 1.02 | 0.17 | 1.02 | 28 |
| &nbsp;&nbsp; 2021 | 20.73 | 0.02 | 5.53 | (0.03) |  |  | 26.25 | 26.79 | 230767 | 1.01 | 0.07 | 1.01 | 13 |
| &nbsp;&nbsp; 2020 | 19.10 | 0.05 | 2.14 | (0.06) | (0.50) |  | 20.73 | 11.64 | 171355 | 1.04 | 0.26 | 1.04 | 14 |
| Servicing Class (commenced operations on December 3, 2012) | Servicing Class (commenced operations on December 3, 2012) | Servicing Class (commenced operations on December 3, 2012) | Servicing Class (commenced operations on December 3, 2012) | Servicing Class (commenced operations on December 3, 2012) | Servicing Class (commenced operations on December 3, 2012) | Servicing Class (commenced operations on December 3, 2012) | Servicing Class (commenced operations on December 3, 2012) | Servicing Class (commenced operations on December 3, 2012) | Servicing Class (commenced operations on December 3, 2012) | Servicing Class (commenced operations on December 3, 2012) | Servicing Class (commenced operations on December 3, 2012) | Servicing Class (commenced operations on December 3, 2012) |  |
| &nbsp;&nbsp; 2025 | $28.23 | $0.04 | $(0.64) | $(0.03) |  | $(4.41) | $23.19 | (3.04)% | $132747 | 0.82% | 0.28% | 0.82% | 5% |
| &nbsp;&nbsp; 2024 | 24.05 | 0.11 | 7.11 | (0.14) | (2.90) |  | 28.23 | 32.38 | 165860 | 0.82 | 0.41 | 0.82 | 20 |
| &nbsp;&nbsp; 2023 | 20.52 | 0.13 | 3.96 | (0.10) | (0.46) |  | 24.05 | 20.18 | 154879 | 0.79 | 0.57 | 0.79 | 28 |
| &nbsp;&nbsp; 2022 | 26.33 | 0.10 | (4.64) | (0.12) | (1.15) |  | 20.52 | (18.42) | 143986 | 0.77 | 0.42 | 0.77 | 28 |
| &nbsp;&nbsp; 2021 | 20.77 | 0.08 | 5.54 | (0.06) |  |  | 26.33 | 27.13 | 187735 | 0.76 | 0.32 | 0.76 | 13 |
| &nbsp;&nbsp; 2020 | 19.13 | 0.10 | 2.14 | (0.10) | (0.50) |  | 20.77 | 11.91 | 155403 | 0.78 | 0.52 | 0.78 | 14 |

---

&nbsp;&nbsp;&nbsp;&nbsp;† Per share calculations are
 based on Average Shares outstanding throughout the period.

&nbsp;&nbsp;&nbsp;&nbsp;‡ Returns are for the period
 indicated and have not been annualized. Fee waivers are in effect; if they had not been in effect, performance would have been lower.
 Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

---

| | |
|:---|:---|
| ^  | Amount represents less than $0.005 per share.  |

---

\* Includes Consolidated investments in Irish Subsidiary. See Note 1 in the Notes to Financial Statements.

&nbsp;&nbsp;&nbsp;&nbsp;(1) Ratio includes waivers and
 previously waived investment advisory fees recovered. The impact of the recovered fees may cause a higher net expense ratio.

&nbsp;&nbsp;&nbsp;&nbsp;(2) The expense ratio includes
 acquired fund fee expenses from the investment in the Irish Subsidiary. Had this expense been excluded, the ratios would have been 1.09%
 and 1.09%, respectively.

Amounts designated as "—" are either $0 or have been rounded to $0.

*See accompanying notes to financial statements.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 87

---

| |
|:---|
| **notes to financial statements** |
| *March 31, 2025 (Unaudited)* |

---

&nbsp;&nbsp;&nbsp;&nbsp;**1.** **ORGANIZATION:** 

City National Rochdale Funds, a Delaware statutory trust (the "Trust"), is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company currently offering the following five series (each a "Fund" and collectively, the "Funds"): City National Rochdale Government Money Market Fund ("Government Money Market Fund"); City National Rochdale Municipal High Income Fund ("Municipal High Income Fund") and City National Rochdale Fixed Income Opportunities Fund ("Fixed Income Opportunities Fund") (collectively, the "Fixed Income Funds"); and City National Rochdale Equity Income Fund ("Equity Income Fund") and City National Rochdale U.S. Core Equity Fund ("U.S. Core Equity Fund") (collectively, the "Equity Funds"). The Trust is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946 "Financial Services - Investment Companies".

The investment objective of the Government Money Market Fund is to preserve your principal and maintain a high degree of liquidity while providing current income. The investment objective of the Municipal High Income Fund is to provide a high level of current income that is not subject to federal income tax. The investment objective of the Fixed Income Opportunities Fund is to provide a high level of current income. The investment objective of the Equity Income Fund is to provide significant income and long-term capital appreciation. The investment objective of the U.S. Core Equity Fund is to provide long-term capital appreciation.

The Trust is registered to offer: Class N shares of the Funds; Servicing Class shares of the Funds except for Fixed Income Opportunities Fund and Equity Income Fund; Institutional Class shares of U.S. Core Equity Fund; Class S shares of the Government Money Market Fund.

The assets of each Fund are segregated, and a shareholder's interest is limited to the Fund in which shares are held. Each Fund is diversified.

On October 1, 2022, City National Rochdale Income Opportunities (Ireland) Limited, a wholly owned subsidiary of the Fixed Income Opportunities Fund, transferred its holdings to CNR FIOF Investments (Ireland) Limited, a company organized under the laws of Ireland (the "Irish Company"), and began the process of dissolving. The Irish Company is a "qualifying company" as defined in Section 110 of the Irish Taxes Consolidation Act 1997, as amended. As a result of this restructuring, the Irish Company issued a profit participation note to the Fixed Income Opportunities Fund, through which the Fund benefits from the profits of the transferred holdings. The Fixed Income Opportunities Fund does not hold an equity interest or voting rights in the Irish Company, nor does it have the ability to appoint directors. Consequently, the Fixed Income Opportunities Fund does not consolidate the operations of the Irish Company into the Fund's financial statements, including in the Semi-Annual Financials and Other Information for the period ended March 31, 2025. The Irish Company (unlike the Fixed Income Opportunities Fund) may invest an unlimited portion of its net assets in life insurance policies. The Irish Company also may invest in other instruments, including fixed income securities, cash and cash equivalents, and U.S. Government securities.

&nbsp;&nbsp;&nbsp;&nbsp;**2.** **SIGNIFICANT ACCOUNTING POLICIES:** 

The following is a summary of significant accounting policies followed by the Funds.

**Use of Estimates** – The Funds are investment companies that conform with accounting principles generally accepted in the United States of America ("GAAP"). Therefore, the Funds follow the accounting and reporting guidance for investment companies. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

**Security Valuation** – Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on NASDAQ) are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded, or, if there is no such reported sale, at the most recent quoted bid price. For securities traded on NASDAQ, the NASDAQ Official Closing Price is used. If available, debt securities are priced based upon valuations provided by independent, third-party pricing agents. Such values generally reflect the last reported sales price if the security is actively traded. The third-party pricing agents may also value debt securities at an evaluated bid price by employing methodologies that utilize actual market transactions, broker-supplied valuations, or other methodologies designed to identify the market value for such securities. Debt obligations with remaining maturities of 60 days or less may be valued at their amortized cost, if the Fair Value Committee (the "Committee") of City National Rochdale, LLC ("City National Rochdale" or the "Adviser") concludes that such amortized cost approximates market value after taking into account factors such as credit, liquidity and interest rate conditions as well as issuer specific factors. Investments in underlying registered investment

CITY NATIONAL ROCHDALE FUNDS \| PAGE 88

companies are valued at their respective daily net assets in accordance with pricing procedures approved by their respective boards. The prices for foreign securities are reported in local currency and converted to U.S. Dollars using currency exchange rates. Prices for most securities held by the Funds are provided daily by recognized independent pricing agents. If a security price cannot be obtained from an independent, third-party pricing agent, the Funds seek to obtain a bid price from one or more independent brokers.

Securities for which market prices are not "readily available" are valued in accordance with fair value procedures (the "Fair Value Procedures") approved by the Trust's Board of Trustees (the "Board"). The Funds' Fair Value Procedures are implemented through the Committee designated by the Adviser. Some of the more common reasons that may necessitate that a security be valued using the Fair Value Procedures include: the security's trading has been halted or suspended; the security has been de-listed from a national exchange; the security's primary trading market is temporarily closed at a time when, under normal conditions, it would be open; for international securities, market events that occur after the close of the foreign markets that make closing prices not representative of fair value; or the security's primary pricing source is not able or willing to provide a price. When a security is valued in accordance with the Fair Value Procedures, the Committee will determine the value after taking into consideration relevant information reasonably available to the Committee.

In accordance with GAAP, the objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability, in an orderly transaction between market participants at the measurement date (an exit price). The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

● Level 1 — Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Funds have the ability to access at the measurement date;

● Level 2 — Quoted prices in inactive markets, or inputs that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and

● Level 3 — Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Investments are classified within the level of the lowest significant input considered in determining fair value. Investments classified within Level 3, the fair value measurement of which considers several inputs, may include Level 1 or Level 2 inputs as components of the overall fair value measurement.

For the period ended March 31, 2025, there have been no changes to the Funds' fair value methodologies. For more details on the investment classifications, refer to the Schedules of Investments.

**Security Transactions and Related Income** – Security transactions are accounted for on the trade date of the security purchase or sale. Costs used in determining the net realized capital gains or losses on the sale of securities are those of the specific securities sold. Interest income is recognized on an accrual basis and dividend income is recognized on the ex-dividend date. Purchase discounts and premiums on securities held by the Funds are accreted and amortized to maturity using the scientific method, which approximates the effective interest method over the holding period of a security, except for the Government Money Market Fund, which uses a straight line basis which is not materially different from the scientific method.

**Repurchase Agreements** – Securities pledged as collateral for repurchase agreements are held by BNY Mellon until maturity of the repurchase agreements. Provisions of the agreements and procedures adopted by the investment adviser require that the market value of the collateral, including accrued interest thereon, is sufficient in the event of default by the counterparty. The Funds also invest in tri-party repurchase agreements. Securities held as collateral for tri-party repurchase agreements are maintained by the broker's custodian bank in a segregated account until maturity of the repurchase agreements. Provisions of the agreements require that the market value of the collateral, including accrued interest thereon, is sufficient in the event of default. If the counterparty defaults and the value of the collateral declines or if the counterparty enters into an insolvency proceeding, realization of the collateral by a Fund may be delayed or limited.

**TBA Transactions** – The Funds may engage in "to be announced" ("TBA") security transactions. Such transactions involve a commitment by a Fund to purchase or sell securities for a predetermined price or yield, with payment and delivery taking place beyond the customary settlement period. The Funds record TBA securities on the trade date and maintain security positions such that sufficient liquid assets will be available to make payments for the securities purchased.

CITY NATIONAL ROCHDALE FUNDS \| PAGE 89

---

| |
|:---|
| **notes to financial statements** |
| *March 31, 2025 (Unaudited)* |

---

**Expense Allocation** – Common expenses incurred by the Funds are allocated among the Funds (i) based upon relative average daily net assets, (ii) as incurred on a specific identification basis, (iii) equally, or (iv) based upon a combination of the above, depending on the nature of the expenditure.

**Classes** – Class-specific expenses are borne by that class. Income, non class-specific expenses, and realized and unrealized gains/losses are allocated to the respective class on the basis of relative net asset value each day.

**Dividends and Distributions to Shareholders** – Dividends from net investment income are declared daily and paid to shareholders monthly for the Government Money Market Fund and Municipal High Income Fund. Dividends from net investment income are declared and paid quarterly for the Fixed Income Opportunities Fund and the Equity Funds. Distributions from net realized capital gains are distributed to shareholders at least annually. Dividends and distributions are recorded on the ex-dividend date.

**Foreign Currency** – Values of investments denominated in foreign currencies are converted into U.S. Dollars using the spot market rate of exchange at the time of valuation. Purchases and sales of investments and dividend and interest income are translated into U.S. Dollars using the spot market rate of exchange prevailing on the respective dates of such transactions. The Funds do not isolate the portion of gains and losses on investments that is due to changes in the foreign exchange rates from that which is due to changes in market prices of investments. Foreign securities and currency transactions may involve certain considerations and risks not typically associated with those of domestic origin.

**Forward Foreign Currency Contracts** – A forward foreign currency contract is an agreement between two parties to buy or sell a currency at a set price on a future date. Forward contracts are marked to market daily and the change in market value is recorded as an unrealized gain/(loss) on forward foreign currency contracts in the Statements of Assets and Liabilities. When a contract is closed, a Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed, which is included within the realized gain/(loss) on foreign currency transactions in the Statements of Operations. A Fund could be at risk if the counterparties are unable to meet the terms of the contracts or if the value of the currency changes unfavorably.

To reduce counterparty risk with respect to over-the-counter ("OTC") transactions, the Fixed Income Opportunities Fund has entered into master netting arrangements, established within the Fixed Income Opportunities Fund's International Swaps and Derivatives Association, Inc. ("ISDA") master agreements, which allow the Fixed Income Opportunities Fund to make (or to have an entitlement to receive) a single net payment in the event of default (close-out netting) for outstanding payables and receivables with respect to certain OTC positions in forward foreign currency contracts for each individual counterparty. In addition, the Fixed Income Opportunities Fund may require that certain counterparties post cash and/or securities in collateral accounts to cover their net payment obligations for those derivative contracts subject to ISDA master agreements. If the counterparty fails to perform under these agreements, the cash and/or securities will be made available to the Fixed Income Opportunities Fund.

For financial reporting purposes, the Fixed Income Opportunities Fund does not offset derivative assets and derivative liabilities that are subject to netting arrangements in the Statements of Assets and Liabilities.

Bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on, or prohibitions against, the right of offset in bankruptcy, insolvency or other events.

Collateral terms are contract specific for OTC derivatives. For derivatives traded under an ISDA master agreement, the collateral requirements are typically calculated by netting the marked to market amount of each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by the Fixed Income Opportunities Fund, or the counterparty.

For financial reporting purposes, cash collateral that has been pledged to cover obligations of the Fixed Income Opportunities Fund, if any, is reported separately on the Statements of Assets and Liabilities as cash pledged as collateral. Non-cash collateral pledged by the Fixed Income Opportunities Fund, if any, is noted in the Schedules of Investments. Generally, the amount of collateral due from or to a party must exceed a minimum transfer amount threshold before a transfer has to be made. To the extent the amounts due to the Fixed Income Opportunities Fund from the Fund's counterparties are not fully collateralized, contractually or otherwise, the Fixed Income Opportunities Fund bears the risk of loss from counterparty nonperformance.

**Futures Contracts** – To the extent consistent with their investment objective and strategies, certain Funds may use futures contracts for tactical hedging purposes as well as to enhance the Funds' returns. Initial margin deposits of cash or securities are made upon entering into futures contracts. The contracts are marked to market daily and the resulting changes in value are accounted for as unrealized gains or losses. Variation margin payments are paid or received, depending upon whether unrealized gains or losses are incurred. When a contract is closed,

CITY NATIONAL ROCHDALE FUNDS \| PAGE 90

a Fund records a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the amount invested in the contract.

Risks of entering into futures contracts include the possibility that there will be an imperfect price correlation between the futures contract and the underlying securities. It is possible that a lack of liquidity for futures contracts could exist in the secondary market, resulting in an inability to close a position prior to its maturity date. Futures contracts also involve the risk that a Fund could lose more than the original margin deposit required to initiate a futures transaction.

Finally, the risk exists that losses could exceed amounts disclosed on the Statements of Assets and Liabilities. Refer to each Fund's Schedule of Investments for details regarding open futures contracts as of March 31, 2025, if applicable.

**Swaps** – A Fund may invest in swaps as a non-principal investment strategy. A swap is a financial instrument that typically involves the exchange of cash flows between two parties on specified dates (settlement dates), where the cash flows are based on agreed-upon measures such as prices, interest rates or indices. The nominal amount on which these cash flows are calculated is called the notional amount. Swaps are individually negotiated and structured to include exposure to a variety of different types of investments or market factors, such as interest rates, foreign currency rates, mortgage securities, corporate borrowing rates, security prices, indices or inflation rates.

Swaps may increase or decrease the overall volatility of the investments of a Fund and its share price. The performance of swaps may be affected by a change in the specific interest rate, currency, or other factors that determine the payments due to and from a Fund. If a swap calls for payments by a Fund, the Fund must be prepared to make such payments when due. In addition, if the counterparty's creditworthiness declines, the value of a swap would be likely to decline, potentially resulting in losses.

Generally, a swap has a fixed maturity date that is agreed upon by the parties. The agreement can be terminated before the maturity date only under limited circumstances, such as default by one of the parties or insolvency, among others, and can be transferred by a party only with the prior written consent of the other party. A Fund may be able to eliminate its exposure under a swap either by assignment or by other disposition, or by entering into an offsetting swap with the same party or a similarly creditworthy party. If the counterparty is unable to meet its obligations under the contract, declares bankruptcy, defaults or becomes insolvent, a Fund may not be able to recover the money it expected to receive under the contract.

A swap can be a form of leverage, which can magnify a Fund's gains or losses. In order to reduce the risk associated with leveraging, a Fund will cover its current obligations under swaps according to guidelines established by the SEC. If a Fund enters into a swap on a net basis, it will segregate assets with a daily value at least equal to the excess, if any, of the Fund's accrued obligations under the swap over the accrued amount the Fund is entitled to receive under the agreement. If a Fund enters into a swap on other than a net basis, it will segregate assets with a value equal to the full amount of the Fund's accrued obligations under the agreement.

**Options Contracts** – A Fund may also purchase put and call options. Purchasing call options tends to increase a Fund's exposure to the underlying instrument. Purchasing put options tends to decrease a Fund's exposure to the underlying instrument. When purchasing an option, a Fund will pay a premium which is included on the Fund's Statement of Assets and Liabilities and subsequently marked to market to reflect the current value of the option. Premiums paid for purchasing options which expire are treated as realized losses. Certain options may be purchased with premiums to be determined on a future date. The premiums for these options are based upon implied volatility parameters at specified terms. The risk associated with purchasing put and call options is limited to the premium paid. Premiums paid for purchasing options which are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment transaction to determine the realized gain or loss.

The net realized gain or loss on options contracts is reflected in the Statements of Operations and the net unrealized gains/(losses) are included as a component of the net change in unrealized appreciation/(depreciation) on options contracts in the Statements of Operations. Realized and changes in unrealized gains or losses on options contracts during the period as disclosed in the Statements of Operations serve as indicators of the volume of derivative activity for a Fund. As of March 31, 2025, and for the period then ended, there were no open options contracts.

**Restricted Securities** – Restricted securities include securities that have not been registered under the Securities Act of 1933, as amended, and securities that are subject to restrictions on resale.

A Fund may invest in restricted securities that are consistent with the Fund's investment objective and investment strategies. While restricted securities are generally presumed to be illiquid, it may be determined that a particular restricted security is liquid. In some cases, the issuer of restricted securities has agreed to register such securities for resale, at the issuer's expense either upon demand by a Fund or in connection with another registered offering of the securities. Investments in restricted securities are valued at fair value as determined in good faith in accordance

CITY NATIONAL ROCHDALE FUNDS \| PAGE 91

---

| |
|:---|
| **notes to financial statements** |
| *March 31, 2025 (Unaudited)* |

---

with the Fair Value Procedures. It is possible that the estimated value may differ significantly from the amount that might ultimately be realized in the near term, and the difference could be material.

**Master Limited Partnerships** – Entities commonly referred to as "MLPs" are generally organized under state law as limited partnerships or limited liability companies. The Equity Income Fund may, as a non-principal investment strategy, invest in MLPs receiving partnership taxation treatment under the Internal Revenue Code of 1986, interests or "units" of which are traded on securities exchanges like shares of corporate stock. To qualify as an MLP for U.S. Federal income tax purposes, an entity must receive at least 90% of its income from qualifying sources such as interest, dividends, real estate rents, gains from the sale or disposition of real property, income and gains from certain mineral or natural resources activities, income and gains from the transportation or storage of certain fuels, and, in certain circumstances, income and gains from commodities or futures, forwards and options with respect to commodities, and gains from the sale or other disposition of a capital asset held for the production of such income. Mineral or natural resources activities include exploration, development, production, mining, processing, refining, marketing and transportation (including pipelines) of oil and gas, minerals, geothermal energy, fertilizer, timber or industrial source carbon dioxide. An MLP consists of a general partner and limited partners (or in the case of MLPs organized as limited liability companies, a managing member and members). The general partner or managing member typically controls the operations and management of the MLP and has an ownership stake in the entity. The limited partners or members, through their ownership of limited partner or member interests, provide capital to the entity, are intended to have no role in the operation and management of the entity, and receive cash distributions. The MLPs themselves generally do not pay U.S. Federal income taxes. Thus, unlike investors in corporate securities, direct MLP investors are generally not subject to double taxation (i.e., corporate level tax and tax on corporate dividends). Currently, most MLPs operate in the energy, natural resources or real estate sectors.

**Investments in Affiliated Securities** – The Fixed Income Funds and Equity Funds may invest excess cash in the Government Money Market Fund, the Municipal High Income Fund and/or the Fixed Income Opportunities Fund.

**Commitments and Contingencies** – As of March 31, 2025, the Fixed Income Opportunities Fund has contractual unfunded commitments to provide additional funding of $57.6 million to certain investments. The aforementioned commitments to investments are subject to certain terms and conditions prior to closing of the relevant transactions. There can be no assurance that such transactions will close as expected.

&nbsp;&nbsp;&nbsp;&nbsp;**3.** **DERIVATIVE TRANSACTIONS:** 

The following tables include only Funds that had exposure to more than one type of risk from derivatives held throughout the year. For Funds that held derivatives throughout the year with exposure to only one type of risk, additional information can be found on the Schedule of Investments and the Statements of Operations.

The fair value of derivative instruments as of March 31, 2025, was as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Asset Derivatives | Asset Derivatives | Liability Derivatives | Liability Derivatives |
|  | Statement of <br> Assets and <br> Liabilities <br> Location | Fair Value <br> (000) | Statement of <br> Assets and <br> Liabilities <br> Location | Fair Value <br> (000) |
|  Derivatives not accounted for as hedging instruments: | Derivatives not accounted for as hedging instruments: | Derivatives not accounted for as hedging instruments: | Derivatives not accounted for as hedging instruments: | Derivatives not accounted for as hedging instruments: |
|  **Fixed Income Opportunities Fund**  | **Fixed Income Opportunities Fund**  | **Fixed Income Opportunities Fund**  | **Fixed Income Opportunities Fund**  | **Fixed Income Opportunities Fund**  |
|  Interest rate contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on futures contracts | $26 | Unrealized depreciation on futures contracts | $32 |
|  Foreign exchange contracts | Unrealized gain on forward foreign currency contracts | 900 | Unrealized loss on forward foreign currency contracts | 8 |
|  Total derivatives not accounted for as hedging instruments |  | $926 |  | $40 |

---

Amount of realized gain or (loss) on derivatives recognized in income:

---

| | | | |
|:---|:---|:---|:---|
| Derivatives not accounted for <br> as hedging instruments | Forward <br> Currency <br> Contracts<br> (000) | Futures<br> (000) | Total<br> (000) |
|  **Fixed Income Opportunities Fund** | **Fixed Income Opportunities Fund** | **Fixed Income Opportunities Fund** | **Fixed Income Opportunities Fund** |
|  Interest rate contracts | $— | $(234) | $(234) |
|  Foreign exchange contracts | 13100 |  | 13100 |
|  Total | $13100 | $(234) | $12866 |

---

Change in unrealized appreciation or (depreciation) on derivatives recognized in income:

---

| | | | |
|:---|:---|:---|:---|
| Derivatives not accounted for <br> as hedging instruments | Forward <br> Currency <br> Contracts<br> (000) | Futures<br> (000) | Total<br> (000) |
|  **Fixed Income Opportunities Fund** | **Fixed Income Opportunities Fund** | **Fixed Income Opportunities Fund** | **Fixed Income Opportunities Fund** |
|  Interest rate contracts | $— | $(74) | $(74) |
|  Foreign exchange contracts | 447 |  | 447 |
|  Total | $447 | $(74) | $373 |

---

CITY NATIONAL ROCHDALE FUNDS \| PAGE 92

The following table discloses the volume of the Fixed Income Opportunities Fund's forward foreign currency contracts and futures contracts activity during the period ended March 31, 2025:

---

| | |
|:---|:---|
| **Fixed Income Opportunities Fund** | (000) |
|  Forwards: |  |
|  Average Notional Balance Long | $6643 |
|  Average Notional Balance Short | 248316 |
|  Futures: |  |
|  Average Notional Balance Long | 6839 |
|  Average Notional Balance Short | 2140 |

---

The following tables present, by derivative type, the Fixed Income Opportunities Fund's OTC derivative assets and liabilities net of the related collateral posted for the benefit of the Fixed Income Opportunities Fund at March 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| Derivative Type  | Derivative <br> Assets <br> Subject to <br> a Netting <br> Agreement <br> or Similar <br> Arrangement<br> (000)  | Derivative <br> Available for <br> Offset<br> (000)  | Collateral <br> Received<br> (000)  | Net Amount<br> (000)  |
|  **Fixed Income Opportunities Fund**  | **Fixed Income Opportunities Fund**  | **Fixed Income Opportunities Fund**  | **Fixed Income Opportunities Fund**  | **Fixed Income Opportunities Fund**  |
|  Forward Foreign Currency Contracts  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Bank | $900 | $— | $— | $900 |
|  Total | $900 | $— |  | 900 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Derivative Type  | Derivative <br> Liabilities <br> Subject to <br> a Netting <br> Agreement <br> or Similar <br> Arrangement<br> (000)  | Derivative <br> Available for <br> Offset<br> (000)  | Collateral <br> Received<br> (000)  | Net Amount<br> (000)  |
|  **Fixed Income Opportunities Fund**  | **Fixed Income Opportunities Fund**  | **Fixed Income Opportunities Fund**  | **Fixed Income Opportunities Fund**  | **Fixed Income Opportunities Fund**  |
|  Forward Foreign Currency Contracts  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Bank | $(8) | $— | $— | $(8) |
|  Total | $(8) | $— | $— | $(8) |

---

&nbsp;&nbsp;&nbsp;&nbsp;**4.** **ADMINISTRATION, TRANSFER AGENT, DISTRIBUTION AND SHAREHOLDER SERVICES AGREEMENTS:** 

Pursuant to an Amended and Restated Administration Agreement dated January 1, 2013, as amended (the "Agreement"), SEI Investments Global Funds Services (the "Administrator"), a wholly owned subsidiary of SEI Investments Company, acts as the Trust's administrator. Under the terms of the Agreement, the Administrator is entitled to receive an annual fee based on the average daily net assets of the Trust, subject to a minimum annual fee.

The Trust has adopted a Rule 12b-1 Distribution Plan ("the Plan") with respect to Class N and Class S Shares that allows each Fund to pay distribution fees. Pursuant to the Plan, SEI Investments Distribution Co. (the "Distributor") may receive a distribution fee, computed daily and paid monthly, at the annual rate of 0.50% of the average daily net assets of the Class S Shares and 0.30% of the average daily net assets of the Class N Shares of the Government Money Market Fund and 0.25% of the Class N Shares of the Fixed Income Funds and Equity Funds, which may be used by the Distributor to provide compensation for sales support and distribution-related activities. Pursuant to a Distribution Coordination Agreement, the entirety of the fees received by the Distributor pursuant to the Plan is transmitted to CNR Securities, LLC ("CNR Securities") as Sub-Distribution Coordinator. CNR Securities then reallows those fees to broker-dealers and service providers, including the Adviser and other affiliates, for payments for distribution services of the type identified in the Plan, and retains any undistributed balance of fees received from the Distributor.

The Government Money Market Fund has contractually agreed to limit the distribution fee payable by Class S shares of the Fund to 0.45% through January 31, 2026. Any time prior to January 31, 2026, the arrangement may be terminated without penalty by the Board.

U.S. Bank Global Fund Services (the "Transfer Agent") serves as transfer agent for the Trust and provides services at an annual rate of $20,000 per share class for all Funds plus other transaction based fees and out-of-pocket expenses.

The Trust has entered into a Shareholder Services Agreement that permits payment of compensation to City National Bank ("CNB"), its affiliates (including City National Rochdale) and others, which provide certain specified shareholder services to shareholders of all classes of each Fund, except for the Institutional Class shares. As compensation for the provision of such services, each Fund will pay CNB a fee of 0.25% of the average daily net assets of the applicable classes on an annual basis, payable monthly.

CNB and City National Rochdale have agreed to voluntarily waive portions of their shareholder servicing fees with respect to certain Funds. For the period ended March 31, 2025, CNB and City National Rochdale received $13,962,091 in shareholder servicing fees from the Trust.

Certain officers of the Trust are also officers or employees of City National Rochdale, CNB or the Administrator. Such officers are paid no fees by the Trust for serving as officers of the Trust.

CITY NATIONAL ROCHDALE FUNDS \| PAGE 93

---

| |
|:---|
| **notes to financial statements** |
| *March 31, 2025 (Unaudited)* |

---

&nbsp;&nbsp;&nbsp;&nbsp;**5.** **INVESTMENT ADVISORY FEES AND OTHER AGREEMENTS:** 

Under the terms of the current investment management agreement, City National Rochdale receives an annual fee equal to a percentage of the average daily net assets of each Fund, as follows:

---

| | |
|:---|:---|
| Fund | Fee |
|  Government Money Market Fund | &nbsp;&nbsp;&nbsp;&nbsp;0.26% |
|  Municipal High Income Fund | 0.50 |
|  Fixed Income Opportunities Fund | 0.50 |
|  Equity Income Fund | 0.50 |
|  U.S. Core Equity Fund | 0.40 |

---

City National Rochdale has contractually agreed to waive the management fee for the Government Money Market Fund such that the fee charged is 0.15% through January 31, 2026. Anytime prior to January 31, 2026, the arrangement may be terminated without penalty (a) by the Board, or (b) by the Adviser effective no earlier than January 31, 2026, upon at least 60 days' prior written notice. Management fees waived by the Adviser pursuant to this arrangement will not be eligible for reimbursement by the Fund to the Adviser. The Adviser has agreed to voluntarily waive additional management fees for the Fund such that the fee charged is 0.04%. This additional voluntary waiver may be terminated at any time.

As of March 31, 2025, Alcentra LTD, Alcentra NY, LLC, AllFinancial Partners II LLC, Federated Investment Management Company, Seix Investment Advisors LLC, and T. Rowe Price Associates, Inc. act as the investment sub-advisers with respect to the Fixed Income Opportunities Fund.

Sub-adviser fees are paid by City National Rochdale.

City National Rochdale has voluntarily agreed to limit its fees or reimburse expenses to the extent necessary to keep operating expenses at or below certain percentages of certain of the Funds' respective average daily net assets. The voluntary expense limitations (expressed as percentages of the average daily net assets) are as follows:

---

| | |
|:---|:---|
|  | Fixed Income <br> Opportunities <br> Fund |
|  Institutional Class | n/a |
|  Class N | 1.09% |
|  Servicing Class | n/a |

---

&nbsp;&nbsp;&nbsp;&nbsp;**6.** **INVESTMENT TRANSACTIONS:** 

The cost of security purchases and proceeds from the sale and maturities of securities, other than temporary investments in short-term securities for the period ended March 31, 2025, were as follows for the Fixed Income Funds and Equity Funds:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Purchases | Purchases | Sales and Maturities | Sales and Maturities |
| Fund | U.S. Gov't <br> (000)  | Other <br> (000)  | U.S. Gov't <br> (000)  | Other <br> (000)  |
|  Municipal High Income Fund | $— | $79502 | $— | $113159 |
|  Fixed Income Opportunities Fund |  | 284244 |  | 374877 |
|  Equity Income Fund |  | 4613 |  | 26082 |
|  U.S. Core Equity Fund |  | 19501 |  | 72776 |

---

The Funds may purchase or sell investment securities in transactions with affiliated entities under procedures adopted by the Board, pursuant to the 1940 Act. These transactions are effected at market rates without incurring broker commissions.

&nbsp;&nbsp;&nbsp;&nbsp;**7.** **FEDERAL TAX INFORMATION:** 

Each Fund intends to continue to qualify as a regulated investment company for U.S. Federal income tax purposes and distribute all of its taxable income and net capital gains. Accordingly, no provisions for U.S. Federal income taxes are required.

Management has analyzed the Funds' tax positions taken on U.S. Federal income tax returns for all open tax years and has concluded that as of March 31, 2025, no provision for income tax would be required in the Funds' financial statements. The Funds' U.S. Federal and state income and U.S. Federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.

The Funds may be subject to taxes imposed by countries in which they invest, with respect to their investments in issuers existing or operating in such countries. Such taxes are generally based on income earned. The Funds accrue such taxes when the related income is earned.

The timing and characterization of certain income and capital gains distributions are determined annually in accordance with U.S. Federal tax regulations, which may differ from GAAP. As a result, net investment income/(loss) and net realized gain/(loss) on investment transactions for a reporting period may differ significantly from distributions during such period. These book/tax differences may be temporary or permanent. To the extent these differences are permanent in nature, they are charged or credited to distributable earnings or paid-in capital, as appropriate, in the period that the differences arise.

CITY NATIONAL ROCHDALE FUNDS \| PAGE 94

The tax character of dividends and distributions declared during the years ended September 30, 2024, and September 30, 2023, were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Fund | Tax-Exempt <br> Income <br> (000) | Ordinary <br> Income<br> (000) | Long-Term <br> Capital <br> Gain <br> (000) | Return of <br> Capital <br> (000) | Total <br> (000) |
|  Government Money Market Fund | Government Money Market Fund | Government Money Market Fund | Government Money Market Fund | Government Money Market Fund | Government Money Market Fund |
| &nbsp;&nbsp;&nbsp; 2024 | $— | $369854 | $— | $— | $369854 |
| &nbsp;&nbsp;&nbsp; 2023 |  | 260999 |  |  | 260999 |
|  Municipal High Income Fund | Municipal High Income Fund | Municipal High Income Fund | Municipal High Income Fund | Municipal High Income Fund | Municipal High Income Fund |
| &nbsp;&nbsp;&nbsp; 2024 | $38753 | $1461 | $— | $— | $40214 |
| &nbsp;&nbsp;&nbsp; 2023 | 46813 | 2078 |  |  | 48891 |
|  Fixed Income Opportunities Fund | Fixed Income Opportunities Fund | Fixed Income Opportunities Fund | Fixed Income Opportunities Fund | Fixed Income Opportunities Fund | Fixed Income Opportunities Fund |
| &nbsp;&nbsp;&nbsp; 2024 | $— | $122108 | $— | $— | $122108 |
| &nbsp;&nbsp;&nbsp; 2023 |  | 210639 |  |  | 210639 |
|  Equity Income Fund | Equity Income Fund | Equity Income Fund | Equity Income Fund | Equity Income Fund | Equity Income Fund |
| &nbsp;&nbsp;&nbsp; 2024 | $— | $4143 | $— | $— | $4143 |
| &nbsp;&nbsp;&nbsp; 2023 |  | 5535 | 25253 |  | 30788 |
|  U.S. Core Equity Fund | U.S. Core Equity Fund | U.S. Core Equity Fund | U.S. Core Equity Fund | U.S. Core Equity Fund | U.S. Core Equity Fund |
| &nbsp;&nbsp;&nbsp; 2024 | $— | $2943 | $41338 | $— | $44281 |
| &nbsp;&nbsp;&nbsp; 2023 |  | 1038 | 7275 |  | 8313 |

---

As of September 30, 2024, the components of Distributable Earnings/(Accumulated Losses) on a tax basis were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Fund | Undistributed <br> Tax-Exempt <br> Income <br> (000) | Undistributed <br> Ordinary <br> Income <br> (000) | Undistributed <br> Long-Term <br> Capital Gain <br> (000) | Capital Loss <br> Carryforwards <br> (000) | Post-October <br> Losses <br> (000) | Unrealized <br> Appreciation <br> (Depreciation) <br> (000) | Other <br> Temporary <br> Differences <br> (000)\* | Total <br> Distributable <br> Earnings <br> (Accumulated <br> Losses) <br> (000) |
|  Government Money Market Fund | $— | $30645 | $— | $— | $– $|  | $(30618) | $27 |
|  Municipal High Income Fund | 4934 |  |  | (244615) | – | (21126) | (2774) | (263581) |
|  Fixed Income Opportunities Fund |  |  |  | (796638) | – | (260257) | (1448) | (1058343) |
|  Equity Income Fund |  | 156 | 9856 |  | – | 39257 | 9 | 49278 |
|  U.S. Core Equity Fund |  |  | 59828 |  | – | 212470 |  | 272298 |

---

\* Other temporary differences primarily consist of dividend payable and Late-Year Ordinary Losses.

Post-October losses and Late-Year losses, if any, represent losses realized on investments and foreign currency transactions from November 1, 2023, through September 30, 2024, that, in accordance with U.S. Federal income tax regulations, the Funds have elected to defer and treat as having arisen in the following fiscal year. The Funds did not elect to defer any Post-October Losses in the current year.

Late-Year losses, if any, represent certain ordinary and specified losses which occur after December 31, 2023, and October 31, 2023, respectively, through September 30, 2024, that, in accordance with U.S. Federal income tax regulations, the Funds have elected to defer and treat as having arisen in the following fiscal year. The Fixed Income Opportunities Fund elected to defer $1,450,532 of such losses in the current year.

The Funds have capital losses carried forward as follows:

---

| | | | |
|:---|:---|:---|:---|
| Fund  | Short-Term Loss <br> (000) | Long-Term Loss <br> (000) | Total <br> (000) |
|  Municipal High Income Fund | $107581 | $137034 | $244615 |
|  Fixed Income Opportunities Fund | 152225 | 644413 | 796638 |

---

CITY NATIONAL ROCHDALE FUNDS \| PAGE 95

---

| |
|:---|
| **notes to financial statements** |
| *March 31, 2025 (Unaudited)* |

---

The aggregate gross unrealized appreciation on investments, the aggregate gross unrealized depreciation on investments and the net unrealized appreciation/(depreciation) for tax purposes as of March 31, 2025, for each of the Fixed Income Funds' and Equity Funds' investments were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| Fund | Federal <br> Tax Cost <br> (000) | Aggregate <br> Gross <br> Unrealized <br> Appreciation <br> (000) | Aggregate <br> Gross <br> Unrealized <br> Depreciation <br> (000) | Net <br> Unrealized <br> Appreciation <br> (Depreciation) <br> (000) |
|  Municipal High Income Fund | $815138 | $24145 | $(66461) | $(42316) |
|  Fixed Income Opportunities Fund | 2013876 | 28746 | (317878) | (289132) |
|  Equity Income Fund | 91235 | 37927 | (1964) | 35963 |
|  U.S. Core Equity Fund | 188123 | 167285 | (3907) | 163378 |

---

At March 31, 2025, the Government Money Market Fund's cost of securities for U.S. Federal income tax purposes approximates the cost disclosed in the Schedule of Investments.

&nbsp;&nbsp;&nbsp;&nbsp;**8.** **CONCENTRATION OF RISK:** 

In the normal course of business, the Funds enter into contracts that provide general indemnifications. The Funds' maximum exposure under these arrangements is dependent on future claims that may be made against the Funds and, therefore, cannot be established; however, based on experience, the risk of loss from such claims is considered remote.

The Fixed Income Opportunities Fund and the Equity Income Fund may invest in exchange-traded notes ("ETNs"), each as a non-principal investment strategy. ETNs are unsecured debt obligations of investment banks which are traded on exchanges and the returns of which are linked to the performance of market indexes. In addition to trading ETNs on exchanges, investors may redeem ETNs directly with the issuer on a weekly basis, typically in a minimum amount of 50,000 units, or hold the ETNs until maturity. ETNs are riskier than ordinary unsecured debt securities and have no principal protection. The Funds will generally invest in ETNs which are linked to commodities indexes. A Fund's investment in an ETN may be influenced by many unpredictable factors, including highly volatile commodities prices, changes in supply and demand relationships, weather, agriculture, trade, changes in interest rates, and monetary and other governmental policies, action and inaction. Investing in ETNs is not equivalent to investing directly in index components or the relevant index itself. Because ETNs are debt securities, they possess credit risk; if the issuer has financial difficulties or goes bankrupt, the investor may not receive the return expected and may suffer a loss.

The Municipal High Income Fund and Fixed Income Opportunities Fund may invest in lower-rated corporate bonds, known as high yield bonds. High yield bonds involve greater risks of default, downgrade, or price declines and are more volatile than investment grade securities. Issuers of high yield bonds may be more susceptible than other issuers to economic downturns and investors are subject to a greater risk that the issuer may not be able to pay interest or dividends, or repay the principal upon maturity. Discontinuation of these payments could have a substantial adverse effect on the market value of the security.

The Fixed Income Opportunities Fund may invest in asset-backed and mortgage-backed securities. As a general rule, prepayments of the principal of the loans underlying mortgage-backed or other pass-through securities increase during a period of falling interest rates and decrease during a period of rising interest rates. In periods of declining interest rates, as a result of prepayments a Fund may be required to reinvest its assets in securities with lower interest rates. In periods of increasing interest rates, the securities subject to prepayment risk held by a Fund may exhibit price characteristics of longer-term debt securities.

The Fixed Income Opportunities Fund may invest in bank loans. Bank loans are not traded on an exchange and purchasers and sellers of bank loans generally rely on market makers, typically the administrative agent under a bank loan, to effect private sales transactions. As a result, bank loans may have relatively less liquidity than other types of fixed income assets, and a Fund may be more likely to incur losses on the sale of bank loans than on other, more liquid, investments.

A more complete description of risks is included in the Funds' prospectus and statement of additional information.

CITY NATIONAL ROCHDALE FUNDS \| PAGE 96

&nbsp;&nbsp;&nbsp;&nbsp;**9.** **CAPITAL SHARES ISSUED AND REDEEMED:** 

Capital share activity for the period ended March 31, 2025, and the year ended September 30, 2024, was as follows (000):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Government Money Market Fund | Government Money Market Fund | Municipal High <br> Income Fund | Municipal High <br> Income Fund |
| | 2025 | 2024 | 2025 | 2024 |
|  **CAPITAL SHARES ISSUED AND REDEEMED:** | **CAPITAL SHARES ISSUED AND REDEEMED:** |  |  |  |
| &nbsp;&nbsp;&nbsp; *Class N:*  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares issued |  | 429391 | 7021 | 14861 |
| &nbsp;&nbsp;&nbsp; Shares issued in lieu of dividends and distributions |  | 6920 | 531 | 1346 |
| &nbsp;&nbsp;&nbsp; Shares redeemed |  | (1100521) | (11928) | (29862) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Class N transactions |  | (664210) | (4376) | (13655) |
| &nbsp;&nbsp;&nbsp; *Class S:*  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares issued | 2526572 | 4109648 |  |  |
| &nbsp;&nbsp;&nbsp; Shares issued in lieu of dividends and distributions |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (2594869) | (4348034) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Class S transactions | (68297) | (238386) |  |  |
| &nbsp;&nbsp;&nbsp; *Servicing Class:*  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares issued | 8448734 | 15193996 | 7215 | 6272 |
| &nbsp;&nbsp;&nbsp; Shares issued in lieu of dividends and distributions | 125425 | 266028 | 88 | 294 |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (9304846) | (14732734) | (7267) | (26280) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Servicing Class transactions | (730687) | 727290 | 36 | (19714) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Fixed Income Opportunities Fund | Fixed Income Opportunities Fund | Equity Income Fund | Equity Income Fund | U.S. Core Equity Fund | U.S. Core Equity Fund |
| | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 |
|  **CAPITAL SHARES ISSUED AND REDEEMED:** | **CAPITAL SHARES ISSUED AND REDEEMED:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; *Institutional Class:*  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares issued |  |  |  |  |  | 4 |
| &nbsp;&nbsp;&nbsp; Shares issued in lieu of dividends and distributions |  |  |  |  | 2 | 1 |
| &nbsp;&nbsp;&nbsp; Shares redeemed |  |  |  |  | (1) | (1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Institutional Class transactions |  |  |  |  | 1 | 4 |
| &nbsp;&nbsp;&nbsp; *Class N:*  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares issued | 8810 | 17034 | 137 | 380 | 908 | 1588 |
| &nbsp;&nbsp;&nbsp; Shares issued in lieu of dividends and distributions | 2330 | 4414 | 222 | 79 | 1267 | 890 |
| &nbsp;&nbsp;&nbsp; Shares redeemed | (17846) | (41216) | (654) | (2209) | (1471) | (2448) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Class N transactions | (6706) | (19768) | (295) | (1750) | 704 | 30 |
| &nbsp;&nbsp;&nbsp; *Servicing Class:*  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares issued |  |  |  |  | 639 | 795 |
| &nbsp;&nbsp;&nbsp; Shares issued in lieu of dividends and distributions |  |  |  |  | 161 | 90 |
| &nbsp;&nbsp;&nbsp; Shares redeemed |  |  |  |  | (953) | (1449) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net Servicing Class transactions |  |  |  |  | (153) | (564) |

---

CITY NATIONAL ROCHDALE FUNDS \| PAGE 97

---

| |
|:---|
| **notes to financial statements** |
| *March 31, 2025 (Unaudited)* |

---

&nbsp;&nbsp;&nbsp;&nbsp;**10.** **LINE OF CREDIT:** 

The Funds, except for the Government Money Market Fund, have an unsecured Loan Agreement ("LOC") with U.S. Bank N.A. Under the terms of the LOC, borrowings for an individual Fund are limited to either the lesser of 10% of the Fund's net assets or an explicit amount on the LOC. Interest is charged to a Fund based on its borrowings at prime rate minus 0.50%. The LOC matures, unless renewed by September 3, 2025. The LOC is with the Custodian. The Funds have authorized the Custodian to charge any of the accounts of the Funds for any missed payments. Interest expense amounts are shown as Interest Expense on Borrowings on the Statements of Operations.

Borrowing activity under the LOC for the period ended March 31, 2025, was as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Fund | Maximum <br> Amount <br> of Line of <br> Credit <br> (000) | Interest <br> Expense <br> (000) | Average <br> Rate | Average <br> Borrowings <br> (000) | Maximum <br> Amount <br> Outstanding <br> (000) |
|  Municipal High Income Fund | $300000 | $14 | 7.00% | $337 | $6092 |
|  Fixed Income Opportunities Fund | 300000 | 582 | 7.00% | 16648 | 51112 |
|  Equity Income Fund | 300000 |  | 7.00% | 104 | 1612 |

---

For the period ended March 31, 2025, there was no LOC activity outstanding.

**11. RECENT ACCOUNTING PRONOUNCEMENT:** 

In this reporting period, the Funds adopted the FASB Accounting Standards Update ("ASU") 2023-07, Segment Reporting (Topic 280) - "Improvements to Reportable Segment Disclosures" ("ASU 2023-07"). Adoption of the new standard impacted financial statement disclosures only and did not affect the Funds' financial position or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. SEI Investments Management Corporation (SIMC) acts as the Funds' CODM. The CODM has determined that the Funds represent a single operating segment, as the CODM monitors the operating results of the Funds as a whole and the Funds' long-term strategic asset allocation is pre-determined in accordance with the terms of its prospectus, based on a defined investment strategy which is executed by the Funds' portfolio managers as a team. The financial information in the form of the Funds' schedules of investments, total returns, expense ratios and changes in net assets (i.e., changes in net assets resulting from operations, subscriptions and redemptions), which are used by the CODM to assess the segment's performance versus the Funds' comparative benchmarks and to make resource allocation decisions for the Funds' single segment, is consistent with that presented within the Funds' financial statements. Segment assets are reflected on the accompanying Statements of Assets and Liabilities as "total assets" and significant segment expenses are listed on the accompanying Statements of Operations.

**12. SUBSEQUENT EVENTS:** 

The Trust has evaluated the need for additional disclosures and/or adjustments resulting from subsequent events. Based on this evaluation, no adjustments were required to the financial statements, and no issues were noted to disclose, except the following:

The Equity Income Fund was liquidated on April 14, 2025.

CITY NATIONAL ROCHDALE FUNDS \| PAGE 98

**other information - (form n-csrs items 8-11)**<br>

**Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.** 

Not applicable.

**Item 9. Proxy Disclosures for Open-End Management Investment Companies.** 

There were no matters submitted to a vote of shareholders during the period covered by this report.

**Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.** 

Included within the Statement(s) of Operations of the financial statements.

**Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.** 

Not applicable.

CITY NATIONAL ROCHDALE FUNDS \| PAGE 99

*This page intentionally left blank.*

CITY NATIONAL ROCHDALE FUNDS \| PAGE 100

![](cnr_101.jpg)

![](cnr_102.jpg)

CNR-SA-004-1700

**Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.**

Included under Item 7.

**Item 9. Proxy Disclosures for Open-End Management Investment Companies.**

Included under Item 7.

**Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.**

Included under Item 7.

**Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.**

Included under Item 7.

 **Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.**

Not applicable to open-end management investment companies.

**Item 13. Portfolio Managers of Closed-End Management Investment Companies**

Not applicable to open-end management investment companies.

**Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.**

Not applicable to open-end management investment companies.

**Item 15. Submission of Matters to a Vote of Security Holders.**

There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant's Board of Trustees during the period covered by this report.

 **Item 16. Controls and Procedures.**

(a) The Registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR 270.30a-3(c))) as of a date within 90 days of the filing date of the report, are effective based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Exchange Act (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b) There has been no change in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.

**Items 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.**

Not applicable to open-end management investment companies.

**Items 18. Recovery of Erroneously Awarded Compensation.**

(a) Not applicable.

(b) Not applicable.

**Items 19. Exhibits.**

(a)(1) Not applicable for semi-annual report.

(a)(2) Not applicable.

[(a)(3) A separate certification for each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)), are filed herewith.](fp0093129-1_ex99cert.htm)

(a)(4) Not applicable.

(a)(5) Not applicable.

[(b) Officer certifications as required by Rule 30a-2(b) under the Act (17 CFR 270.30a-2(b)), are filed herewith.](fp0093129-1_ex99906cert.htm)

**SIGNATURES**

Pursuant to the requirements of the securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
| (Registrant) | City National Rochdale Funds |
| By (Signature and Title) | /s/ Gregg Giaquinto |
|  | Gregg Giaquinto |
|  | Principal Executive Officer |
| Date: June 9, 2025 |  |
| Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated. | Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated. |
| By (Signature and Title) | /s/ Gregg Giaquinto |
|  | Gregg Giaquinto |
|  | Principal Executive Officer |
| Date: June 9, 2025 |  |
| By (Signature and Title) | /s/ Andrew Metzger |
|  | Andrew Metzger, |
|  | Principal Financial Officer |
| Date: June 9, 2025 |  |

---

## Ex-99.Cert

**CERTIFICATION**

**Pursuant to Rule 30a-2(a) under the Investment Company Act of 1940**

**and Section 302 of the Sarbanes-Oxley Act of 2002**

I, Gregg Giaquinto, certify that:

1. I have reviewed this report on Form N-CSRS of the City National Rochdale Funds (the "Registrant");

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information, included in this report
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the
financial statements are required to include a statement of cash flows) of the Registrant as of, and for, the periods presented in this
report;

4. The Registrant's other certifying officer(s), if any, and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control
over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to
be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented
in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to
the filing date of this report, based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the Registrant's internal control over financial reporting
that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the
Registrant's internal control over financial reporting; and

5. The Registrant's other certifying officer(s) and I have disclosed to the Registrant's auditors
and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and
report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant
role in the Registrant's internal control over financial reporting.

---

| |
|:---|
| Date: June 9, 2025 |
| /s/ Gregg Giaquinto |
| Gregg Giaquinto |
| Principal Executive Officer |

---

**CERTIFICATION**

**Pursuant to Rule 30a-2(a) under the Investment Company Act of 1940**

**and Section 302 of the Sarbanes-Oxley Act of 2002**

I, Andrew Metzger, certify that:

1. I have reviewed this report on Form N-CSRS of the City National Rochdale Funds (the "Registrant");

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information, included in this report
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the
financial statements are required to include a statement of cash flows) of the Registrant as of, and for, the periods presented in this
report;

4. The Registrant's other certifying officer(s), if any, and I are responsible for establishing and
maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control
over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to
be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented
in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to
the filing date of this report, based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the Registrant's internal control over financial reporting
that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the
Registrant's internal control over financial reporting; and

5. The Registrant's other certifying officer(s) and I have disclosed to the Registrant's auditors
and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and
report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant
role in the Registrant's internal control over financial reporting.

---

| |
|:---|
| Date: June 9, 2025 |
| /s/ Andrew Metzger |
| Andrew Metzger |
| Principal Financial Officer |

---

## Exhibit 99.906

**CERTIFICATION**

**Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906**

**of the Sarbanes-Oxley Act of 2002**

The undersigned, Gregg Giaquinto, the Principal Executive Officer of the City National Rochdale Funds (the "Funds"), with respect to the Funds' Form N-CSRS for the period ended March 31, 2025, as filed with the Securities and Exchange Commission, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. such Form N-CSRS fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange
Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. the information contained in such Form N-CSRS fairly presents, in all material respects, the financial
condition and results of operations of the Funds.

---

| | |
|:---|:---|
| Dated: June 9, 2025 |  |
|  | /s/ Gregg Giaquinto |
|  | Gregg Giaquinto |
|  | Principal Executive Officer |

---

**CERTIFICATION**

**Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906**

**of the Sarbanes-Oxley Act of 2002**

The undersigned, Andrew Metzger, the Principal Financial Officer of the City National Rochdale Funds (the "Funds"), with respect to the Funds' Form N-CSRS for the period ended March 31, 2025, as filed with the Securities and Exchange Commission, hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. such Form N-CSRS fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange
Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. the information contained in such Form N-CSRS fairly presents, in all material respects, the financial
condition and results of operations of the Funds.

---

| | |
|:---|:---|
| Dated: June 9, 2025 |  |
|  | /s/ Andrew Metzger |
|  | Andrew Metzger |
|  | Principal Financial Officer |

---