City National Rochdale Funds NPORT-P City National Rochdale Fixed Income Opportunities Fund (Dec 2024 report)

Schedule of Investments

December 31, 2024  (Unaudited)

City National Rochdale Municipal High Income Fund

Description	Face Amount (000)		Value (000)
Municipal Bonds [99.8%]
Alabama [1.3%]
Energy Southeast A Cooperative District, Ser B-1, RB
Callable 08/01/31 @ 100
5.750%, 04/01/54(A)	$	1,000	$	1,101
Hoover Industrial Development Board, RB, AMT
Callable 10/01/29 @ 100
5.750%, 10/01/49		4,750		4,948
Mobile County, Industrial Development Authority, RB, AMT
Callable 06/20/34 @ 100
5.000%, 06/01/54		1,000		1,014
Tuscaloosa County, Industrial Development Authority, Ser A, RB
Callable 05/01/29 @ 100
5.250%, 05/01/44(B)		3,000		3,036
Total Alabama				10,099
Arizona [1.8%]
Arizona State, Industrial Development Authority, RB
Callable 07/01/28 @ 100
5.000%, 07/01/43(B)		310		309
Arizona State, Industrial Development Authority, RB
Callable 07/01/29 @ 100
5.000%, 01/01/54		375		315
Arizona State, Industrial Development Authority, RB
Callable 07/15/29 @ 100
4.000%, 07/15/56(B)		225		182
Maricopa County, Industrial Development Authority, RB
Callable 07/01/30 @ 100
6.250%, 07/01/53(B)		1,400		1,369
Phoenix, Civic Improvement, Ser A, RB
Callable 07/01/25 @ 100
5.000%, 07/01/45		250		251
Phoenix, Industrial Development Authority, Legacy Traditional School Projects, RB
Callable 07/01/25 @ 100
5.000%, 07/01/45(B)		3,300		3,288
Pima County, Industrial Development Authority, Noah Webster School Project, RB
Callable 02/06/25 @ 100
7.000%, 12/15/43		1,500		1,501

Description	Face Amount (000)		Value (000)
Sierra Vista, Industrial Development Authority, RB
Callable 06/15/30 @ 100
5.750%, 06/15/53(B)	$	5,400	$	5,570
Tempe, Industrial Development Authority, Mirrabella at ASU Project, Ser A, RB
Callable 10/01/27 @ 100
6.125%, 10/01/52(B)		1,200		758
Total Arizona				13,543
Arkansas [0.7%]
Arkansas State, Development Finance Authority, RB, AMT
Callable 09/01/26 @ 103
4.500%, 09/01/49(B)		5,530		5,332
California [7.0%]
California State, Community Choice Financing Authority, RB
Callable 08/01/32 @ 100
3.000%, 02/01/57(B)		7,500		5,061
California State, Community Choice Financing Authority, Ser B-1-GREEN, RB
Callable 05/01/31 @ 101
4.000%, 02/01/52(A)		3,750		3,747
California State, Community Housing Agency, RB
Callable 08/01/31 @ 100
4.000%, 02/01/56(B)		3,000		2,440
California State, Infrastructure & Economic Development Bank, RB, AMT
Callable 01/17/25 @ 104
8.000%, 01/01/50(A)(B)		3,000		3,083
California State, Municipal Finance Authority, California Baptist University, Ser A, RB
Callable 11/01/25 @ 100
5.500%, 11/01/45(B)		4,000		4,020
California State, Municipal Finance Authority, Ser A, RB, AGM
Callable 11/01/32 @ 100
5.250%, 11/01/52		1,000		1,066
California State, Municipal Finance Authority, Ser D, SPL Tax
Callable 09/01/29 @ 103
6.000%, 09/01/42		2,000		2,179
California State, Municipal Finance Authority, SPL Tax
Callable 09/01/29 @ 103
5.000%, 09/01/52		875		906

CITY NATIONAL ROCHDALE FUNDS | PAGE 1

Schedule of Investments

December 31, 2024  (Unaudited)

City National Rochdale Municipal High Income Fund

Description	Face Amount (000)		Value (000)
California State, Pollution Control Financing Authority, RB, AMT
7.500%, 07/01/32(B) (C)	$	1,275	$	17
California State, Pollution Control Financing Authority, RB, AMT
Callable 07/01/33 @ 100
5.000%, 07/01/34(B)		1,000		1,074
California State, Public Finance Authority, Ser A, RB
Callable 06/01/31 @ 103
6.500%, 06/01/54(B)		2,875		2,809
California State, School Finance Authority, RB
Callable 08/01/32 @ 100
5.375%, 08/01/42(B)		50		53
California State, School Finance Authority, View Park Elementary & Middle School Project, Ser A, RB
Callable 02/06/25 @ 100
6.000%, 10/01/49		1,120		1,120
California State, School Finance Authority, View Park Elementary & Middle School Project, Ser A, RB
Callable 02/06/25 @ 100
5.875%, 10/01/44		1,000		1,000
California State, School Finance Authority, View Park Elementary & Middle School Project, Ser A, RB
Callable 02/06/25 @ 100
5.625%, 10/01/34		575		575
California State, Statewide Communities Development Authority, RB
Callable 06/01/28 @ 100
5.500%, 12/01/58(B)		1,500		1,542
California State, Statewide Communities Development Authority, RB
Callable 06/01/28 @ 100
5.250%, 12/01/43(B)		500		514
California State, Statewide Communities Development Authority, RB
Callable 02/06/25 @ 100
5.250%, 12/01/44		4,000		4,001
City & County of San Francisco California Community Facilities District No. 2016-1, SPL Tax
Callable 09/01/28 @ 103
4.000%, 09/01/42(B)		2,250		2,130

Description	Face Amount (000)		Value (000)
City & County of San Francisco California Infrastructure & Revitalization Fing Dist No. 1, TA
Callable 09/01/32 @ 100
5.000%, 09/01/52(B)	$	1,320	$	1,309
City & County of San Francisco California, San Francisco International Airport, RB, AMT
Callable 05/01/34 @ 100
5.250%, 05/01/49		2,500		2,662
CMFA Special Finance Agency VII, RB
Callable 08/01/31 @ 100
3.000%, 08/01/56(B)		5,500		3,761
CSCDA Community Improvement Authority, RB
Callable 05/01/32 @ 100
3.250%, 05/01/57(B)		3,430		2,320
CSCDA Community Improvement Authority, RB
Callable 06/01/31 @ 100
3.000%, 06/01/47(B)		1,090		746
CSCDA Community Improvement Authority, Ser W, RB
Callable 06/01/32 @ 100
3.000%, 12/01/49(B)		1,000		674
Orange County Community Facilities District, Ser A, SPL Tax
Callable 08/15/29 @ 103
5.000%, 08/15/52		3,200		3,290
Tejon Ranch Public Facilities Finance Authority, SPL Tax
Callable 09/01/34 @ 100
5.000%, 09/01/54		1,000		1,032
Total California				53,131
Colorado [10.0%]
9th Avenue Metropolitan District No. 2, GO
Callable 02/06/25 @ 102
5.000%, 12/01/48		1,000		1,002
Amber Creek, Metropolitan District, Ser A, GO
Callable 02/06/25 @ 101
5.125%, 12/01/47		1,041		933
Amber Creek, Metropolitan District, Ser A, GO
Callable 02/06/25 @ 101
5.000%, 12/01/37		648		600
Banning Lewis Ranch Metropolitan District No. 8, GO
Callable 06/01/26 @ 103
4.875%, 12/01/51(B)		3,500		2,848

CITY NATIONAL ROCHDALE FUNDS | PAGE 2

Schedule of Investments

December 31, 2024  (Unaudited)

City National Rochdale Municipal High Income Fund

Description	Face Amount (000)		Value (000)
Broadway Station Metropolitan District No. 2, Ser A, GO
Callable 02/06/25 @ 103
5.000%, 12/01/35	$	729	$	656
Broadway Station Metropolitan District No. 3, GO
Callable 02/06/25 @ 103
5.000%, 12/01/49		1,500		1,195
Buffalo Highlands Metropolitan District, Ser A, GO
Callable 01/27/25 @ 102
5.375%, 12/01/48		1,775		1,775
Canyons Metropolitan District No. 5, Sub-Ser B, GO
Callable 12/01/29 @ 103
6.500%, 12/01/54		1,000		1,033
Chambers Highpoint Metropolitan District No. 2, GO
Callable 09/01/26 @ 103
5.000%, 12/01/41		515		469
Chambers Highpoint Metropolitan District No. 2, GO
Callable 09/01/26 @ 103
5.000%, 12/01/51		1,505		1,259
Colorado State, Educational & Cultural Facilities Authority, Aspen Ridge School Project, RB
Callable 07/01/25 @ 100
5.250%, 07/01/46(B)		1,930		1,931
Colorado State, Educational & Cultural Facilities Authority, Aspen Ridge School Project, RB
Callable 07/01/25 @ 100
5.000%, 07/01/36(B)		1,415		1,418
Colorado State, Educational & Cultural Facilities Authority, Charter School Preparatory School Project, RB
Pre-Refunded @ 100
5.250%, 04/01/25(B) (D)		2,655		2,667
Colorado State, Educational & Cultural Facilities Authority, Charter School Preparatory School Project, RB
Pre-Refunded @ 100
5.125%, 04/01/25(B) (D)		1,515		1,522
Colorado State, Health Facilities Authority, RB
Callable 11/15/31 @ 100
4.000%, 11/15/50		1,950		1,807
Colorado State, Health Facilities Authority, Ser A, RB
Callable 05/15/28 @ 103
5.000%, 05/15/35		1,170		1,005

Description	Face Amount (000)		Value (000)
Colorado State, Health Facilities Authority, Ser A, RB
Callable 05/15/28 @ 103
5.000%, 05/15/49	$	3,000	$	2,143
Colorado State, Health Facilities Authority, Ser A-, RB
Callable 08/01/29 @ 100
4.000%, 08/01/44		4,155		3,877
Colorado State, High Performance Transportation Enterprise, U.S. 36 & I-25 Managed Lanes Project, RB, AMT
Callable 02/06/25 @ 100
5.750%, 01/01/44		2,000		2,001
Constitution Heights Metropolitan District, GO
Callable 06/01/25 @ 103
5.000%, 12/01/49		1,255		1,205
Denver, International Business Center Metropolitan District No. 1, Ser A, GO
Callable 01/27/25 @ 100
4.000%, 12/01/48		850		708
Erie Highlands, Metropolitan District No. 1, GO, BAM
Callable 12/01/30 @ 100
2.250%, 12/01/40		900		650
Four Corners Business Improvement District, GO
Callable 09/01/27 @ 103
6.000%, 12/01/52		1,130		1,155
Green Valley Ranch East Metropolitan District No. 6, Ser A, GO
Callable 09/01/25 @ 103
5.875%, 12/01/50		1,195		1,201
Greenways Metropolitan District No. 1, Ser A, GO
Callable 09/01/26 @ 103
4.625%, 12/01/51		3,685		2,681
Jefferson Center, Metropolitan District No. 1, Ser A-2, RB
Callable 02/06/25 @ 102
4.375%, 12/01/47		250		232
Jefferson Center, Metropolitan District No. 1, Ser A-2, RB
Callable 02/06/25 @ 102
4.125%, 12/01/40		575		530
Karl's Farm Metropolitan District No. 2, Ser A, GO
Pre-Refunded @ 100
5.625%, 09/01/25(B) (D)		1,900		1,987
Karl's Farm Metropolitan District No. 2, Ser A, GO
Pre-Refunded @ 100
5.375%, 09/01/25(B) (D)		645		673
Lanterns Metropolitan District No. 3, Sub-Ser A-1, GO
Callable 12/01/28 @ 103
7.250%, 12/01/53		2,300		2,434

CITY NATIONAL ROCHDALE FUNDS | PAGE 3

Schedule of Investments

December 31, 2024  (Unaudited)

City National Rochdale Municipal High Income Fund

Description	Face Amount (000)		Value (000)
Legato Community Authority, Ser A-1, RB
Callable 06/01/26 @ 103
5.000%, 12/01/51	$	1,025	$	896
Legato Community Authority, Ser A-2, RB
Callable 06/01/26 @ 101
0.000%, 12/01/51(E)		7,335		5,560
Mineral Business Improvement District, Ser A, GO
Callable 12/01/29 @ 103
5.750%, 12/01/54(B)		1,250		1,265
Mirabelle Metropolitan District No. 2, Ser A, GO
Callable 03/01/25 @ 103
5.000%, 12/01/49		1,950		1,953
Newlin Crossing Metropolitan District, Ser A, GO
Callable 12/01/29 @ 103
5.375%, 12/01/54(B)		1,145		1,154
North Holly, Metropolitan District, Ser A, GO
Callable 01/27/25 @ 102
5.500%, 12/01/48		1,755		1,759
North Range Metropolitan District No. 3, Ser A, GO
Callable 12/01/25 @ 103
5.250%, 12/01/50		3,000		3,021
Poudre Heights Valley Metropolitan District, Ser A, GO
Callable 09/01/29 @ 103
5.500%, 12/01/54(B)		975		953
Rampart Range Metropolitan District No. 5, RB
Callable 10/01/26 @ 102
4.000%, 12/01/51		3,725		3,146
Regional Transportation District, RB
4.000%, 07/15/40		500		486
Senac South Metropolitan District No. 1, Ser A, GO
Callable 12/01/26 @ 103
5.250%, 12/01/51		5,000		4,372
Southglenn, Metropolitan District, GO
Callable 02/06/25 @ 100
5.000%, 12/01/46		1,558		1,484
Spring Hill, Metropolitan District No. 3, Ser A, GO
Callable 12/01/27 @ 103
6.750%, 12/01/52(B)		500		513
Sterling Ranch Community Authority Board, RB
Callable 06/01/29 @ 103
6.500%, 12/01/54		1,000		1,040
Verve Metropolitan District No. 1, GO
Callable 03/01/26 @ 103
5.000%, 12/01/51		2,000		1,593

Description	Face Amount (000)		Value (000)
Village at Dry Creek Metropolitan District No. 2, GO
Callable 02/06/25 @ 103
4.375%, 12/01/44	$	624	$	609
Water Valley, Metropolitan District No. 02, GO
Callable 12/01/26 @ 100
4.000%, 12/01/33		250		234
Westcreek Metropolitan District No. 2, Ser A, GO
Callable 01/27/25 @ 103
5.375%, 12/01/48		1,283		1,285
Wyndham Hill Metropolitan District No. 2, Ser A, GO, BAM
Callable 12/01/28 @ 100
4.000%, 12/01/49		1,500		1,393
Total Colorado				76,313
District of Columbia [0.7%]
District of Columbia, Ser A, GO
Callable 04/15/29 @ 100
4.000%, 10/15/39		5,000		4,998
Florida [7.6%]
Alachua County, Health Facilities Authority, RB
Callable 02/06/25 @ 100
6.375%, 11/15/49(C)		5,190		3,374
Capital Trust Agency, Pineapple Cove Classical Academy, RB
Callable 01/01/29 @ 100
5.375%, 07/01/54(B)		1,500		1,414
Capital Trust Agency, Pineapple Cove Classical Academy, RB
Callable 01/01/29 @ 100
5.125%, 07/01/39(B)		1,500		1,484
Capital Trust Agency, RB
Callable 06/15/26 @ 100
4.000%, 06/15/41(B)		2,250		1,917
Capital Trust Agency, Renaissance Charter School Project, RB
Callable 06/15/26 @ 100
5.000%, 06/15/39(B)		3,610		3,502
Capital Trust Agency, Renaissance Charter School Project, RB
Callable 06/15/26 @ 100
5.000%, 06/15/49(B)		2,750		2,577
Charlotte County, Industrial Development Authority, RB, AMT
Callable 10/01/27 @ 100
5.000%, 10/01/49(B)		1,915		1,916

CITY NATIONAL ROCHDALE FUNDS | PAGE 4

Schedule of Investments

December 31, 2024  (Unaudited)

City National Rochdale Municipal High Income Fund

Description	Face Amount (000)		Value (000)
Charlotte County, Industrial Development Authority, RB, AMT
Callable 10/01/31 @ 100
4.000%, 10/01/41(B)	$	905	$	820
County of Monroe Florida Airport Revenue, Ser 202, RB, AMT
Callable 10/01/32 @ 100
5.000%, 10/01/52		750		754
Florida State,  Development Finance, RB, AMT
Callable 02/06/25 @ 104
8.250%, 07/01/57(A)(B)		3,000		3,102
Florida State, Development Finance, RB
Callable 06/15/32 @ 100
5.750%, 06/15/47		2,750		2,865
Florida State, Development Finance, RB
Callable 06/01/27 @ 103
5.250%, 06/01/50(B)		100		97
Florida State, Development Finance, RB
Callable 06/01/28 @ 103
5.000%, 06/01/35(B)		200		203
Florida State, Development Finance, RB
Callable 09/15/27 @ 100
5.000%, 09/15/40(B)		1,045		1,012
Florida State, Development Finance, RB
Callable 09/15/27 @ 100
5.000%, 09/15/50(B)		1,950		1,789
Florida State, Development Finance, RB
Callable 06/01/28 @ 103
4.000%, 06/01/46(B)		300		245
Florida State, Development Finance, RB, AMT
Callable 04/02/26 @ 100
6.125%, 07/01/32(A)(B)		2,970		3,037
Florida State, Development Finance, RB, AMT
5.250%, 08/01/29(B)		1,375		1,436
Florida State, Development Finance, RB, AMT
Callable 02/06/25 @ 103
5.000%, 05/01/29(B)		3,500		3,554
Florida State, Development Finance, Renaissance Charter School Project, RB
Callable 06/15/25 @ 100
6.125%, 06/15/46(B)		4,930		4,946
Florida State, Development Finance, Renaissance Charter School Project, Ser A, RB
Callable 02/06/25 @ 100
6.125%, 06/15/44(B)		3,000		3,002

Description	Face Amount (000)		Value (000)
Florida State, Development Finance, Renaissance Charter School Project, Ser A, RB
Callable 02/06/25 @ 100
6.000%, 06/15/34(B)	$	2,110	$	2,112
Lakewood Ranch, Stewardship District, SPA
Callable 05/01/33 @ 100
6.125%, 05/01/43		1,000		1,058
Lakewood Ranch, Stewardship District, SPA
5.450%, 05/01/33		500		524
Lakewood Ranch, Stewardship District, SPA
Callable 05/01/27 @ 100
5.250%, 05/01/37		1,810		1,839
Miami-Dade County, Industrial Development Authority, Pinecrest Academy Project, RB
Callable 02/06/25 @ 100
5.250%, 09/15/44		2,500		2,463
Miami-Dade County, Industrial Development Authority, Youth CO-OP Charter Schools Project, Ser A, RB
Callable 09/15/25 @ 100
5.750%, 09/15/35(B)		1,605		1,610
Palm Beach County Educational Facilities Authority, RB
Callable 04/01/34 @ 100
5.250%, 10/01/53		845		857
Village Community Development District No. 14, SPA
Callable 05/01/30 @ 100
5.375%, 05/01/42		2,440		2,547
Village Community Development District No. 15, SPA
Callable 05/01/32 @ 100
4.800%, 05/01/55(B)		1,000		989
Village Community Development District No. 15, SPA
Callable 05/01/32 @ 100
4.550%, 05/01/44(B)		500		495
Total Florida				57,540
Georgia [0.9%]
Atlanta, Airport Passenger Facility Charge, Sub-Ser, RB, AMT
Callable 07/01/29 @ 100
4.000%, 07/01/38		4,000		3,926

CITY NATIONAL ROCHDALE FUNDS | PAGE 5

Schedule of Investments

December 31, 2024  (Unaudited)

City National Rochdale Municipal High Income Fund

Description	Face Amount (000)		Value (000)
Gainesville & Hall County, Development Authority, Riverside Military Academy, RB
Callable 03/01/27 @ 100
5.000%, 03/01/47	$	4,000	$	2,692
Total Georgia				6,618
Idaho [0.3%]
Idaho Falls Auditorium District, RB
Callable 05/15/26 @ 102
5.250%, 05/15/51(B)		2,250		2,254
Illinois [9.1%]
Aurora, Tax Increase Revenue, Ser A, TA
5.000%, 12/30/27		400		404
Bridgeview Village, Ser A, GO
Callable 12/01/25 @ 100
5.750%, 12/01/35		2,000		2,010
Chicago, Board of Education, Ser B, GO
Callable 12/01/27 @ 100
7.000%, 12/01/42(B)		2,500		2,662
Chicago, O'Hare International Airport, Ser A, RB, AMT
Callable 01/01/29 @ 100
5.000%, 01/01/48		6,300		6,387
Chicago, Ser A, GO
Callable 01/01/27 @ 100
6.000%, 01/01/38		5,000		5,153
Illinois State, Finance Authority, Presence Health Network, Ser C, RB
Callable 02/15/27 @ 100
5.000%, 02/15/36		1,935		1,983
Illinois State, Finance Authority, Presence Health Network, Ser C, RB
Callable 02/15/27 @ 100
5.000%, 02/15/41		1,000		1,015
Illinois State, Finance Authority, RB
Callable 11/15/29 @ 103
6.500%, 05/15/42		1,000		1,080
Illinois State, Finance Authority, RB
Callable 11/15/29 @ 103
6.500%, 05/15/47		1,000		1,068
Illinois State, Finance Authority, RB
Callable 01/01/30 @ 102
6.375%, 01/01/48(B)		4,260		4,343
Illinois State, Finance Authority, RB
Callable 09/01/32 @ 100
5.000%, 03/01/52		830		768
Illinois State, Finance Authority, RB
Callable 04/01/31 @ 100
4.000%, 10/01/32		400		343

Description	Face Amount (000)		Value (000)
Illinois State, Finance Authority, RB
Callable 04/01/31 @ 100
4.000%, 10/01/33	$	350	$	294
Illinois State, Finance Authority, RB
Callable 04/01/31 @ 100
4.000%, 10/01/38		230		176
Illinois State, Finance Authority, RB
Callable 10/01/30 @ 100
4.000%, 10/01/40		4,250		3,987
Illinois State, Finance Authority, RB, AMT
Callable 06/01/33 @ 100
7.375%, 09/01/42(A)(B)		1,500		1,732
Illinois State, Finance Authority, RB, AMT
Callable 06/03/30 @ 100
7.250%, 09/01/52(A)(B)		1,500		1,662
Illinois State, Finance Authority, Ser A, RB
Callable 10/01/28 @ 101
6.000%, 04/01/38(B)		2,130		2,137
Illinois State, Finance Authority, Ser A, RB
Callable 05/15/25 @ 100
5.000%, 11/15/38		1,010		1,013
Illinois State, Finance Authority, Ser A, RB
Callable 11/01/26 @ 103
5.000%, 11/01/49		2,000		1,184
Illinois State, Finance Authority, Ser S, RB
Callable 12/01/25 @ 100
5.000%, 12/01/37		2,425		2,347
Illinois State, Finance Authority, Wesleyan University, RB
Callable 09/01/26 @ 100
4.000%, 09/01/41		5,140		4,767
Illinois State, Housing Development Authority, Stonebridge Gurnee Project, Ser A, RB
Callable 01/01/26 @ 100
5.600%, 01/01/56(B)		6,970		5,151
Morton Grove, Tax Increment Revenue, TA
Callable 01/01/26 @ 100
5.000%, 01/01/39		2,000		1,903
Morton Grove, Tax Increment Revenue, TA
Callable 01/01/26 @ 100
4.250%, 01/01/29		675		658
Southwestern Illinois, Development Authority, Collinsville Project, RB
Callable 02/06/25 @ 100
5.350%, 03/01/31		75		55

CITY NATIONAL ROCHDALE FUNDS | PAGE 6

Schedule of Investments

December 31, 2024  (Unaudited)

City National Rochdale Municipal High Income Fund

Description	Face Amount (000)		Value (000)
Upper Illinois River Valley Development Authority, RB
Callable 12/01/28 @ 100
5.000%, 12/01/48	$	2,000	$	1,992
Village of Bolingbrook, Special Service Area No. 1, SPL Tax
Callable 03/01/28 @ 100
5.250%, 03/01/41		4,500		4,537
Village of Gilberts, RB
Callable 01/22/25 @ 100
5.000%, 11/15/34		1,731		1,680
Village of Hodgkins, Redevelopment Project Area #4, TA
Callable 01/01/27 @ 100
5.625%, 01/01/37		4,510		4,509
Village of Lincolnwood Il, Ser A, RB
Callable 11/10/26 @ 100
4.820%, 01/01/41(B)		415		400
Village of Matteson Illinois, TA
Callable 12/01/26 @ 100
6.500%, 12/01/35		750		773
Village of Villa Park Illinois, TA
Callable 12/31/28 @ 100
0.000%, 12/31/38(E)		1,680		1,386
Total Illinois				69,559
Indiana [2.0%]
Anderson Indiana, RB
Callable 01/01/27 @ 102
5.375%, 01/01/40(B)		2,745		2,489
Anderson Indiana, RB
5.000%, 01/01/25		100		100
Indiana State, Finance Authority, RB, AMT
Callable 11/01/30 @ 100
6.750%, 05/01/39		1,750		1,986
Indiana State, Housing & Community Development Authority, Ser A, RB
Callable 04/01/29 @ 102
5.250%, 04/01/41(B)		5,750		5,052
Indianapolis Local Public Improvement Bond Bank, RB
Callable 03/01/33 @ 100
6.000%, 03/01/53		600		642
Lafayette City, Finance Authority, Glasswater Creek Project, RB
Callable 07/01/26 @ 101
5.800%, 01/01/37		3,310		3,301

Description	Face Amount (000)		Value (000)
Terre Haute, Westminster Village Project, RB
Callable 02/06/25 @ 100
6.000%, 08/01/39	$	2,355	$	1,947
Total Indiana				15,517
Iowa [0.3%]
Iowa State, Finance Authority, Child Serve Project, Ser B, RB
Callable 06/01/25 @ 100
5.000%, 06/01/36		2,000		2,001
Kansas [0.7%]
University of Kansas Hospital Authority, RB
Pre-Refunded @ 100
4.000%, 03/01/27(D)		1,330		1,357
Wyandotte County, Kansas City Unified Government, RB
Callable 09/01/25 @ 100
5.750%, 09/01/32		4,080		3,818
Total Kansas				5,175
Kentucky [1.2%]
Kentucky State, Economic Development Finance Authority, Masonic Home Independent Living, RB
Callable 05/15/26 @ 100
5.000%, 05/15/46		4,500		3,678
Louisville, Ser A, RB
Callable 05/15/32 @ 100
5.000%, 05/15/52		5,000		5,144
Total Kentucky				8,822
Louisiana [0.7%]
Juban Crossing, Economic Development District, General Infrastructure Project, Ser C, RB
Callable 03/15/25 @ 100
7.000%, 09/15/44(B)		5,350		5,389
Louisiana State, Public Facilities Authority, Pellets Project, RB, AMT
Callable 02/06/25 @ 100
10.500%, 07/01/39(C)		1,435		—
Louisiana State, Public Facilities Authority, Pellets Project, RB, AMT
7.000%, 07/01/24(B) (C)		1,319		—

CITY NATIONAL ROCHDALE FUNDS | PAGE 7

Schedule of Investments

December 31, 2024  (Unaudited)

City National Rochdale Municipal High Income Fund

Description	Face Amount (000)		Value (000)
Louisiana State, Public Facilities Authority, Pellets Project, Ser A, RB, AMT
Callable 02/06/25 @ 100
8.375%, 07/01/39(C)	$	3,474	$	—
Total Louisiana				5,389
Maryland [2.3%]
Baltimore, Harbor Point Project, RB
Callable 06/01/26 @ 100
5.000%, 06/01/36		1,000		1,004
Baltimore, Sub-Ser, RB
Callable 06/01/31 @ 100
5.000%, 06/01/51		800		803
Baltimore, TA
Callable 06/01/29 @ 100
3.625%, 06/01/46(B)		1,370		1,137
Brunswick, SPL Tax
Callable 01/01/29 @ 100
5.000%, 07/01/36		1,550		1,571
Brunswick, SPL Tax
Callable 01/01/29 @ 100
4.000%, 07/01/29		945		933
Frederick County, TA
Callable 07/01/29 @ 100
3.750%, 07/01/39		1,410		1,261
Howard County, Downtown Columbia Project, Ser A, TA
Callable 02/15/26 @ 100
4.500%, 02/15/47(B)		1,250		1,176
Howard County, Downtown Columbia Project, Ser A, TA
Callable 02/15/26 @ 100
4.375%, 02/15/39(B)		1,000		962
Maryland State, Economic Development, TA
Callable 09/01/30 @ 100
4.000%, 09/01/40		875		809
Maryland State, Economic Development, TA
Callable 09/01/30 @ 100
4.000%, 09/01/50		875		744
Prince George's County, TA
Callable 07/01/28 @ 100
5.250%, 07/01/48(B)		2,000		2,016
Prince George's County, TA
Callable 07/01/28 @ 100
5.125%, 07/01/39(B)		1,000		1,006
Westminster, Luther Village Millers Grant Project, RB
Callable 02/06/25 @ 100
6.250%, 07/01/44		1,780		1,780
Westminster, Luther Village Millers Grant Project, RB
Callable 02/06/25 @ 100
6.125%, 07/01/39		750		750

Description	Face Amount (000)		Value (000)
Westminster, Luther Village Millers Grant Project, RB
Callable 02/06/25 @ 100
6.000%, 07/01/34	$	1,205	$	1,206
Total Maryland				17,158
Massachusetts [1.1%]
Massachusetts State, Development Finance Agency, RB
Callable 07/01/28 @ 103
5.000%, 07/01/51(B)		3,500		2,982
Massachusetts State, Development Finance Agency, RB
Callable 07/01/28 @ 103
5.000%, 07/01/56(B)		910		765
Massachusetts State, Development Finance Agency, Ser A, RB
Callable 10/01/26 @ 100
5.000%, 10/01/43		4,905		4,888
Total Massachusetts				8,635
Michigan [2.2%]
Detroit City, GO
Callable 04/01/28 @ 100
5.000%, 04/01/38		625		642
Kalamazoo Economic Development, RB
Callable 05/15/26 @ 103
5.000%, 05/15/37		2,450		2,428
Kalamazoo Economic Development, RB
Callable 05/15/26 @ 103
5.000%, 05/15/42		1,300		1,235
Kalamazoo Economic Development, RB
Callable 08/15/28 @ 103
5.000%, 08/15/51(B)		1,505		1,219
Michigan State, Finance Authority, Old Redford School Project, Ser A, RB
Callable 02/06/25 @ 100
6.500%, 12/01/40		3,745		3,737
Michigan State, Public Educational Facilities Authority, Old Redford Project, Ser A, RB
Callable 02/06/25 @ 100
5.875%, 12/01/30		1,585		1,583
Michigan State, Strategic Fund, RB
Callable 08/15/28 @ 103
5.000%, 08/15/41(B)		895		790
Michigan State, Tobacco Settlement Finance Authority, Ser C, RB
Callable 06/01/33 @ 11
0.000%, 06/01/58(F)		3,000		95

CITY NATIONAL ROCHDALE FUNDS | PAGE 8

Schedule of Investments

December 31, 2024  (Unaudited)

City National Rochdale Municipal High Income Fund

Description	Face Amount (000)		Value (000)
Michigan State, Trunk Line Revenue, RB
Callable 11/15/30 @ 100
4.000%, 11/15/39	$	5,000	$	5,075
Total Michigan				16,804
Minnesota [1.2%]
Anoka, Housing Revenue Authority, Homestead Project, RB
Callable 02/06/25 @ 103
4.750%, 11/01/35		3,000		2,820
Bethel, Senior Housing Revenue, Lodge at Lakes at Stillwater Project, RB
Callable 02/06/25 @ 101
5.250%, 06/01/58		2,840		2,466
Minneapolis State, Riverton Community Housing Project, RB
Callable 02/06/25 @ 102
5.000%, 08/01/53(B)		500		480
Minneapolis State, Riverton Community Housing Project, RB
Callable 02/06/25 @ 102
4.750%, 08/01/43(B)		1,600		1,512
Minneapolis-St. Paul, Metropolitan Airports Commission, Sub-Ser, RB, AMT
Callable 01/01/34 @ 100
5.250%, 01/01/49		1,500		1,588
Total Minnesota				8,866
Missouri [2.9%]
Hanley, Transportation Development, Eager Road Transportation Development District, Ser A, SPA
Callable 02/06/25 @ 100
4.000%, 03/01/42		1,000		846
Hanley, Transportation Development, Eager Road Transportation Development District, Ser A, SPA
Callable 02/06/25 @ 100
3.625%, 03/01/33		500		449
Hanley, Transportation Development, Eager Road Transportation Development District, Ser A, SPA
Callable 02/06/25 @ 100
3.000%, 03/01/26		195		191
Kansas City, Industrial Development Authority, Ser A, RB
Callable 04/01/26 @ 100
5.000%, 04/01/36(B)		2,000		1,952

Description	Face Amount (000)		Value (000)
Kirkwood, Industrial Development Authority, RB
Callable 05/15/27 @ 100
5.250%, 05/15/30	$	2,515	$	2,511
Lees Summit, Industrial Development Authority, John Knox Village, Ser A, RB
Callable 01/27/25 @ 102
5.000%, 08/15/46		2,000		1,837
Lees Summit, Industrial Development Authority, RB
Callable 08/15/25 @ 103
5.000%, 08/15/42		2,400		2,303
St. Louis, Industrial Development Authority, Ballpark Village Development Project, RB
Callable 11/15/26 @ 100
4.375%, 11/15/35		2,250		2,027
St. Louis, Industrial Development Authority, Ballpark Village Development Project, RB
Callable 11/15/26 @ 100
3.875%, 11/15/29(C)		995		935
St. Louis, Industrial Development Authority, Innovation District Project, TA
Callable 02/06/25 @ 100
4.375%, 05/15/36		2,065		1,988
St. Louis, Industrial Development Authority, RB
Callable 09/01/25 @ 103
5.250%, 09/01/53		2,000		1,960
St. Louis, Industrial Development Authority, RB
Callable 05/15/29 @ 100
5.000%, 05/15/41		3,250		3,273
University City, Industrial Development Authority, Ser A, RB
Callable 06/15/33 @ 100
4.875%, 06/15/36		1,710		1,724
Total Missouri				21,996
Nevada [2.0%]
Henderson Local Improvement Districts, SPA
Callable 03/01/33 @ 100
5.000%, 03/01/43		930		918
Henderson Local Improvement Districts, SPA
Callable 09/01/31 @ 100
4.000%, 09/01/51		245		208

CITY NATIONAL ROCHDALE FUNDS | PAGE 9

Schedule of Investments

December 31, 2024  (Unaudited)

City National Rochdale Municipal High Income Fund

Description	Face Amount (000)		Value (000)
Henderson Local Improvement Districts, SPA
Callable 09/01/31 @ 100
3.500%, 09/01/45	$	695	$	544
Las Vegas, Special Improvement District No. 611, SPA
Callable 06/01/30 @ 100
4.125%, 06/01/50		845		732
Las Vegas, Special Improvement District No. 612 Skye Hills, SPA
Callable 06/01/30 @ 100
3.500%, 06/01/35		190		168
Las Vegas, Special Improvement District No. 613, SPA
Callable 12/01/34 @ 100
5.500%, 12/01/53		500		513
Las Vegas, Special Improvement District No. 613, SPA
Callable 12/01/34 @ 100
5.250%, 12/01/47		500		507
Las Vegas, Special Improvement District No. 613, SPA
Callable 12/01/34 @ 100
5.000%, 12/01/39		375		382
Las Vegas, Special Improvement District No. 812, Special Improvement District No. 812, SPA
Callable 12/01/25 @ 100
5.000%, 12/01/35		845		852
Las Vegas, Special Improvement District No. 814, SPA
Callable 06/01/29 @ 100
4.000%, 06/01/44		680		606
Las Vegas, Special Improvement District No. 815, SPA
Callable 12/01/30 @ 100
4.750%, 12/01/40		715		698
Las Vegas, Special Improvement District No. 816, SPA
Callable 06/01/31 @ 100
3.125%, 06/01/51		1,055		750
Las Vegas, Special Improvement District No. 816, SPA
Callable 06/01/31 @ 100
3.000%, 06/01/41		945		738
Las Vegas, Special Improvement District No. 817 Summerlin Village 29, SPA
Callable 06/01/33 @ 100
6.000%, 06/01/48		250		262

Description	Face Amount (000)		Value (000)
Las Vegas, Special Improvement District No. 818, SPA
Callable 12/01/34 @ 100
5.000%, 12/01/54	$	700	$	699
Nevada State, Department of Business & Industry, Green-Fulcrum Sierra Biofuels, RB, AMT
Callable 12/15/27 @ 100
6.250%, 12/15/37(B) (C)		79		—
Nevada State, Department of Business & Industry, Ser A, RB
Callable 12/15/25 @ 100
5.000%, 12/15/38(B)		1,000		1,002
Nevada State, Department of Business & Industry, Sumerset Academy, Ser A, RB
Callable 12/15/25 @ 100
5.000%, 12/15/35(B)		1,595		1,602
Reno Nevada, Sub-Ser, RB
Callable 07/01/38 @ 31
0.000%, 07/01/58(B)(F)		13,500		1,987
State of Nevada Department of Business & Industry, RB, AMT
Callable 01/17/25 @ 104
8.125%, 01/01/50(A)		2,000		2,056
Total Nevada				15,224
New Hampshire [0.8%]
New Hampshire, Business Finance Authority, Ser A, RB
Callable 07/01/25 @ 103
5.750%, 07/01/54(B)		1,250		1,233
New Hampshire, Business Finance Authority, Ser A, RB
Callable 07/01/25 @ 103
5.625%, 07/01/46(B)		500		496
New Hampshire, Business Finance Authority, Ser B, RB, AMT
Callable 07/01/25 @ 100
3.750%, 07/01/45(A)(B)		5,615		4,733
Total New Hampshire				6,462
New Jersey [2.4%]
New Jersey State, Economic Development Authority, Continental Airlines Project, RB, AMT
Callable 02/06/25 @ 100
5.250%, 09/15/29		645		646
New Jersey State, Economic Development Authority, RB
Pre-Refunded @ 100
5.000%, 12/15/28(D)		370		399

CITY NATIONAL ROCHDALE FUNDS | PAGE 10

Schedule of Investments

December 31, 2024  (Unaudited)

City National Rochdale Municipal High Income Fund

Description	Face Amount (000)		Value (000)
New Jersey State, Economic Development Authority, RB
Callable 11/01/29 @ 100
4.000%, 11/01/37	$	1,100	$	1,101
New Jersey State, Economic Development Authority, RB, AMT
Callable 02/06/25 @ 101
5.625%, 11/15/30		1,000		1,003
New Jersey State, Economic Development Authority, Ser A, RB
Callable 12/15/27 @ 100
5.000%, 06/15/42		1,155		1,182
New Jersey State, Economic Development Authority, Ser A, RB
Callable 12/15/27 @ 100
5.000%, 06/15/47		1,230		1,252
New Jersey State, Transportation Trust Fund Authority, RB
Pre-Refunded @ 100
5.000%, 12/15/28(D)		355		382
New Jersey State, Transportation Trust Fund Authority, RB
Callable 12/15/28 @ 100
5.000%, 06/15/46		645		662
New Jersey State, Transportation Trust Fund Authority, RB
Pre-Refunded @ 100
4.500%, 12/15/28(D)		1,410		1,491
New Jersey State, Transportation Trust Fund Authority, RB
Callable 12/15/28 @ 100
4.500%, 06/15/49		2,605		2,614
New Jersey State, Transportation Trust Fund Authority, Ser AA, RB
Callable 06/15/25 @ 100
5.250%, 06/15/41		4,245		4,262
New Jersey State, Transportation Trust Fund Authority, Ser BB, RB
Callable 12/15/28 @ 100
4.000%, 06/15/37		3,500		3,505
Total New Jersey				18,499
New Mexico [0.4%]
Lower Petroglyphs, Public Improvement District, SPL Tax
Callable 10/01/27 @ 100
5.000%, 10/01/33		500		495
Lower Petroglyphs, Public Improvement District, SPL Tax
Callable 10/01/27 @ 100
5.000%, 10/01/38		500		490

Description	Face Amount (000)		Value (000)
Lower Petroglyphs, Public Improvement District, SPL Tax
Callable 10/01/27 @ 100
5.000%, 10/01/48	$	1,750	$	1,720
Total New Mexico				2,705
New York [6.1%]
Metropolitan Transportation Authority, Ser A-1, RB
Callable 05/15/31 @ 100
4.000%, 11/15/49		3,000		2,802
Metropolitan Transportation Authority, Ser C-1, RB
Callable 05/15/30 @ 100
4.750%, 11/15/45		2,000		2,042
Metropolitan Transportation Authority, Ser D1, RB
Callable 11/15/30 @ 100
5.000%, 11/15/44		2,450		2,559
Nassau County, Industrial Development Agency, RB
Callable 10/01/26 @ 107
5.000%, 01/01/58(A) (C)		4,358		400
New York City Housing Development, RB, Housing Urban Development Section 8
Callable 08/01/31 @ 100
4.800%, 02/01/53		1,000		1,010
New York City Housing Development, RB, Housing Urban Development Section 8
Callable 08/01/31 @ 100
4.600%, 08/01/48		3,000		3,001
New York City Housing Development, RB, Housing Urban Development Section 8
Callable 08/01/31 @ 100
4.450%, 08/01/43		2,000		2,008
New York State, Dormitory Authority, Ser A, RB
Callable 09/15/34 @ 100
5.000%, 03/15/54		5,000		5,356
New York State, Liberty Development, Bank of America Tower, RB
Callable 03/15/29 @ 100
2.800%, 09/15/69		1,000		922
New York State, Transportation Development, American Airlines, RB, AMT
Callable 01/27/25 @ 100
5.000%, 08/01/26		1,045		1,047
New York State, Transportation Development, Delta Airlines, RB, AMT
Callable 04/01/31 @ 100
6.000%, 04/01/35		1,500		1,670

CITY NATIONAL ROCHDALE FUNDS | PAGE 11

Schedule of Investments

December 31, 2024  (Unaudited)

City National Rochdale Municipal High Income Fund

Description	Face Amount (000)		Value (000)
New York State, Transportation Development, Delta Airlines, RB, AMT
Callable 01/01/28 @ 100
5.000%, 01/01/36	$	5,000	$	5,101
New York State, Transportation Development, Delta Airlines, RB, AMT
Callable 10/01/30 @ 100
5.000%, 10/01/40		800		818
New York State, Transportation Development, JFK International Airport, RB, AMT
Callable 06/30/31 @ 100
6.000%, 06/30/54		2,000		2,139
New York State, Transportation Development, JFK International Airport, RB, AMT
Callable 08/01/30 @ 100
5.250%, 08/01/31		1,410		1,467
Oneida Indian Nation of New York, Ser B, RB
Callable 09/01/31 @ 102
6.000%, 09/01/43(B)		1,000		1,091
Onondaga Civic Development, RB
Callable 08/01/34 @ 100
5.375%, 08/01/54		1,250		1,116
Port Authority of New York & New Jersey, Ser 221, RB, AMT
Callable 07/15/30 @ 100
4.000%, 07/15/50		2,000		1,863
Suffolk Regional Off-Track Betting, RB
Callable 06/01/29 @ 100
6.000%, 12/01/53		1,000		1,038
Westchester, Tobacco Asset Securitization, Ser B, RB
Callable 06/01/27 @ 100
5.000%, 06/01/41		2,485		2,514
Westchester, Tobacco Asset Securitization, Sub-Ser C, RB
Callable 06/01/27 @ 100
5.125%, 06/01/51		7,000		6,581
Total New York				46,545
North Carolina [0.0%]
North Carolina State, Medical Care Commission, Ser A, RB
Callable 09/01/27 @ 100
4.000%, 09/01/50		250		205

Description	Face Amount (000)		Value (000)
North Dakota [0.1%]
Burleigh County, Educational Facilities Revenue, Education Facilities, University of Mary Project, RB
Callable 04/15/26 @ 100
5.200%, 04/15/46	$	1,100	$	1,058
County of Grand Forks North Dakota, RB, AMT
Callable 06/15/26 @ 103
7.000%, 12/15/43(B) (C)		5,000		—
Total North Dakota				1,058
Ohio [2.1%]
Buckeye Tobacco Settlement, Financing Authority, Ser A-2-Class, RB
Callable 06/01/30 @ 100
4.000%, 06/01/48		3,500		3,049
Buckeye Tobacco Settlement, Financing Authority, Ser B-2, RB
Callable 06/01/30 @ 100
5.000%, 06/01/55		2,000		1,772
County of Cuyahoga Ohio, RB
Callable 02/15/27 @ 100
5.500%, 02/15/52		3,800		3,860
County of Cuyahoga Ohio, RB
Callable 02/15/27 @ 100
5.000%, 02/15/57		3,000		3,003
County of Hamilton Ohio, RB
Callable 01/01/30 @ 103
5.750%, 01/01/53		500		521
Muskingum County, Hospital Facilities Authority, Genesis Healthcare Systems Project, RB
Callable 02/06/25 @ 100
5.000%, 02/15/48		250		244
Ohio State, Air Quality Development Authority, Pratt Paper Project, RB, AMT
Callable 01/15/28 @ 100
4.250%, 01/15/38(B)		3,555		3,495
Total Ohio				15,944
Oklahoma [0.5%]
Oklahoma County, Finance Authority, RB
2.000%, 12/01/47		718		39
Oklahoma County, Finance Authority, Ser B, RB
Callable 01/01/30 @ 104
5.875%, 12/01/47		3,490		2,673

CITY NATIONAL ROCHDALE FUNDS | PAGE 12

Schedule of Investments

December 31, 2024  (Unaudited)

City National Rochdale Municipal High Income Fund

Description	Face Amount (000)		Value (000)
Oklahoma State, Development Finance Authority, Ser B, RB
Callable 08/15/28 @ 100
5.250%, 08/15/48	$	1,000	$	1,010
Payne County, Economic Development Authority, Epworth Living at the Ranch, RB
Callable 11/01/26 @ 100
6.875%, 11/01/46(C)		3,843		8
Payne County, Economic Development Authority, Epworth Living at the Ranch, RB
Callable 11/01/26 @ 100
6.625%, 11/01/36(C)		1,664		3
Total Oklahoma				3,733
Oregon [0.7%]
Clackamas County, Hospital Facility Authority, Ser A, RB
Callable 11/15/25 @ 102
5.375%, 11/15/55		875		859
Hospital Facilities Authority of Multnomah County Oregon, RB
Callable 12/01/28 @ 103
4.000%, 12/01/36		1,180		1,066
Hospital Facilities Authority of Multnomah County Oregon, RB
Callable 12/01/28 @ 103
4.000%, 12/01/51		2,000		1,511
Port of Portland Oregon Airport Revenue, Ser 28, RB, AMT
Callable 07/01/32 @ 100
4.000%, 07/01/47		2,000		1,864
Total Oregon				5,300
Pennsylvania [3.3%]
Allegheny County, Airport Authority, Ser A, RB, AMT
Callable 01/01/31 @ 100
5.000%, 01/01/56		2,000		2,038
Allentown, Neighborhood Improvement Zone Development Authority, City Center Project, RB
Callable 05/01/27 @ 100
5.000%, 05/01/42(B)		1,750		1,749
Allentown, Neighborhood Improvement Zone Development Authority, Sub-Ser, RB
Callable 05/01/28 @ 100
5.125%, 05/01/32(B)		1,500		1,519

Description	Face Amount (000)		Value (000)
Berks County Municipal Authority, RB
Callable 01/27/25 @ 100
5.000%, 06/30/39	$	4,778	$	4,606
Berks County Municipal Authority, RB
Callable 01/27/25 @ 87
0.000%, 11/15/29(E)		2,387		1,676
Chester County, Health and Education Facilities Authority, Ser S, RB
Callable 12/01/25 @ 100
5.250%, 12/01/45		1,400		1,095
Chester County, Industrial Development Authority, Woodlands at Graystone Project, SPA
Callable 03/01/28 @ 100
5.125%, 03/01/48(B)		600		576
Dauphin County, General Authority, Harrisburg University of Science and Technology Project, RB
Callable 10/15/27 @ 100
5.125%, 10/15/41(B)		1,135		840
Dauphin County, General Authority, RB
Callable 10/15/27 @ 100
5.000%, 10/15/34(B)		3,110		2,581
Franklin County, Industrial Development Authority, RB
Callable 12/01/25 @ 103
5.000%, 12/01/49		780		711
Franklin County, Industrial Development Authority, RB
Callable 12/01/25 @ 103
5.000%, 12/01/54		1,000		892
Geisinger Authority, RB
Callable 02/15/27 @ 100
4.000%, 02/15/47		5,000		4,797
Pennsylvania State, Economic Development Financing Authority, RB, AMT
Callable 12/31/32 @ 100
5.750%, 06/30/48		625		670
Washington County, Redevelopment Authority, TA
Callable 01/01/28 @ 100
5.000%, 07/01/35		1,235		1,229
Total Pennsylvania				24,979
Rhode Island [0.4%]
Rhode Island State, Tobacco Settlement Financing, Ser B, RB
Callable 01/22/25 @ 19
0.000%, 06/01/52(F)		21,270		3,125

CITY NATIONAL ROCHDALE FUNDS | PAGE 13

Schedule of Investments

December 31, 2024  (Unaudited)

City National Rochdale Municipal High Income Fund

Description	Face Amount (000)		Value (000)
South Carolina [0.2%]
Berkeley County, SPA
Callable 11/01/29 @ 100
4.375%, 11/01/49	$	1,000	$	899
Berkeley County, SPA
Callable 11/01/29 @ 100
4.000%, 11/01/30		425		413
Total South Carolina				1,312
Tennessee [0.7%]
Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd, Ser S, RB
Callable 11/01/25 @ 102
4.000%, 11/01/45		5,000		4,237
Nashville, Metropolitan Development & Housing Agency, TA
Callable 06/01/28 @ 100
5.125%, 06/01/36(B)		900		913
Nashville, Metropolitan Development & Housing Agency, TA
4.500%, 06/01/28(B)		400		403
Total Tennessee				5,553
Texas [10.5%]
Arlington, Higher Education Finance, RB, PSF-GTD
Callable 08/15/34 @ 100
4.125%, 08/15/54		1,000		958
Arlington, Higher Education Finance, Universal Academy Project, Ser A, RB
Callable 02/06/25 @ 100
7.125%, 03/01/44		2,300		2,300
Arlington, Higher Education Finance, Universal Academy Project, Ser A, RB
Callable 02/06/25 @ 100
7.000%, 03/01/34		400		400
Celina, Cambridge Crossing Public Improvement Project, SPA
Callable 09/01/28 @ 100
5.250%, 09/01/47(B)		500		502
Celina, Cambridge Crossing Public Improvement Project, SPA
Callable 09/01/28 @ 100
5.125%, 09/01/38(B)		1,500		1,504
Clifton, Higher Education Finance, International Leadership Project, Ser D, RB
Callable 08/15/25 @ 100
6.125%, 08/15/48		4,245		4,278
Gulf Coast Authority, Ser B, RB, AMT
1.500%, 05/01/28		1,000		930

Description	Face Amount (000)		Value (000)
Horizon Regional Municipal Utility District, GO, BAM
Callable 08/01/30 @ 100
4.000%, 02/01/54	$	1,000	$	934
Houston, Airport System Revenue, RB, AMT
Callable 07/01/29 @ 100
4.000%, 07/01/41		2,500		2,325
Houston, Airport System Revenue, RB, AMT
Callable 07/15/29 @ 100
4.000%, 07/15/41		2,530		2,353
Houston, Airport System Revenue, Ser B-1, RB, AMT
Callable 07/15/25 @ 100
5.000%, 07/15/35		3,000		3,006
Lago Vista Texas, SPA
Callable 09/01/30 @ 100
4.875%, 09/01/50(B)		275		256
Matagorda County Navigation District No. 1, RB, AMBAC, AMT
5.125%, 11/01/28		1,500		1,551
New Hope, Cultural Education Facilities Finance, Carillon LifeCare Community Project, RB
Callable 02/06/25 @ 102
5.000%, 07/01/36		3,410		3,294
New Hope, Cultural Education Facilities Finance, Carillon LifeCare Community Project, RB
Callable 02/06/25 @ 102
5.000%, 07/01/46		1,250		1,110
New Hope, Cultural Education Facilities Finance, RB
7.500%, 11/15/36		3,385		2,786
New Hope, Cultural Education Facilities Finance, RB
7.500%, 11/15/37		545		436
New Hope, Cultural Education Facilities Finance, RB
Callable 08/15/31 @ 100
4.000%, 08/15/51(B)		4,385		3,587
New Hope, Cultural Education Facilities Finance, RB
Callable 11/15/26 @ 105
2.000%, 11/15/61(A)		14,451		5,249
New Hope, Cultural Education Facilities Finance, Ser A, RB
Callable 08/15/25 @ 100
5.000%, 08/15/40(B)		4,750		4,694

CITY NATIONAL ROCHDALE FUNDS | PAGE 14

Schedule of Investments

December 31, 2024  (Unaudited)

City National Rochdale Municipal High Income Fund

Description	Face Amount (000)		Value (000)
Newark Higher Education Finance, Ser A, RB, PSF-GTD
Callable 08/15/34 @ 100
4.375%, 08/15/59	$	1,000	$	1,001
Newark, Higher Education Finance, Ser A, RB
Callable 08/15/25 @ 100
5.750%, 08/15/45(B)		1,700		1,708
Newark, Higher Education Finance, Ser A, RB
Callable 08/15/25 @ 100
5.500%, 08/15/35(B)		900		906
North Texas, Tollway Authority, Convertible Capital Appreciation Project, Ser C, RB
Pre-Refunded @ 100
7.000%, 09/01/31(D)		5,000		6,015
Port of Beaumont Navigation District, RB
10.000%, 07/01/26(B)		3,000		3,065
Port of Beaumont Navigation District, RB, AMT
Callable 01/01/32 @ 104
5.250%, 01/01/54(B)		250		255
Port of Beaumont Navigation District, RB, AMT
Callable 02/06/25 @ 102
2.875%, 01/01/41(B)		250		196
Port of Beaumont Navigation District, RB, AMT
Callable 02/06/25 @ 102
2.750%, 01/01/36(B)		1,000		835
Sanger, Industrial Development Authority, Texas Pellets Project, Ser B, RB, AMT
8.000%, 07/01/38(C)		4,950		—
Tarrant County Cultural Education Facilities Finance, Ser A, RB
Callable 05/15/25 @ 100
5.000%, 11/15/52		3,750		3,758
Tarrant County, Cultural Education Facilities Finance, Northwest Senior Housing Edgemere Project, RB
Callable 05/15/27 @ 100
5.250%, 11/15/47(C)		2,983		—
Tarrant County, Cultural Education Facilities Finance, RB
Callable 02/15/27 @ 100
6.375%, 02/15/52(C)		9,000		4,950
Temple, Ser A-REV, TA
Callable 08/01/25 @ 100
5.000%, 08/01/38		2,000		2,001
Texas State, Department of Housing & Community Affairs, Ser A, RB, GNMA
Callable 09/01/27 @ 100
4.250%, 09/01/43		1,880		1,834

Description	Face Amount (000)		Value (000)
Texas State, Private Activity Bond Surface Transportation, RB, AMT
Callable 06/30/29 @ 100
5.000%, 06/30/58	$	5,000	$	5,071
Texas State, Transportation Commission, RB
Callable 02/01/29 @ 73
0.000%, 08/01/36(F)		1,000		604
Texas Water Development Board, Ser A, RB
Callable 10/15/34 @ 100
4.375%, 10/15/54		5,000		4,969
Total Texas				79,621
Utah [1.0%]
Downtown East Streetcar Sewer Public Infrastructure District, Ser A, GO
Callable 09/01/27 @ 103
6.000%, 03/01/53(B)		2,000		1,988
Downtown East Streetcar Sewer Public Infrastructure District, Ser A, GO
Callable 09/01/27 @ 103
5.750%, 03/01/42(B)		500		499
Salt Lake City Utah Airport Revenue, Ser A, RB, AMT
Callable 07/01/33 @ 100
5.250%, 07/01/48		750		793
Salt Lake City Utah Airport Revenue, Ser A, RB, AMT
Callable 07/01/31 @ 100
5.000%, 07/01/51		2,000		2,047
Utah Charter School Finance Authority, RB
Callable 06/15/28 @ 102
5.000%, 06/15/55(B)		1,750		1,648
Wood Ranch Public Infrastructure District, SPA
Callable 09/01/29 @ 103
5.625%, 12/01/53(B)		1,000		1,016
Total Utah				7,991
Virginia [0.7%]
Virginia Beach Development Authority, RB
Callable 09/01/30 @ 103
7.000%, 09/01/53		3,000		3,398
West Falls Community Development Authority, Ser A, RB
Callable 09/01/32 @ 100
5.375%, 09/01/52(B)		2,125		2,182
Total Virginia				5,580
Washington [1.0%]
Kalispel Tribe of Indians, Ser A, RB
Callable 01/01/28 @ 100
5.250%, 01/01/38(B)		400		410

CITY NATIONAL ROCHDALE FUNDS | PAGE 15

Schedule of Investments

December 31, 2024  (Unaudited)

City National Rochdale Municipal High Income Fund

Description	Face Amount (000)		Value (000)
Washington State, Health Care Facilities Authority, Ser A-, RB
Callable 08/01/29 @ 100
4.000%, 08/01/44	$	2,715	$	2,533
Washington State, Housing Finance Commission, Judson Park Project, RB
Callable 07/01/25 @ 102
5.000%, 07/01/48(B)		1,650		1,512
Washington State, Housing Finance Commission, Ser A, RB
Callable 07/01/26 @ 103
5.000%, 01/01/55(B)		4,000		3,533
Total Washington				7,988
West Virginia [0.3%]
South Charleston West Virginia, RB
Callable 06/01/31 @ 100
4.250%, 06/01/42(B)		2,620		2,164
Wisconsin [8.4%]
Hartford, Public Finance Authority, RB
Callable 02/06/25 @ 100
5.000%, 09/01/38(B)		1,580		1,580
Pine Lake, Public Finance Authority, RB
Callable 03/01/25 @ 100
5.500%, 03/01/45(B)		3,460		3,463
Pine Lake, Public Finance Authority, RB
Callable 03/01/25 @ 100
5.250%, 03/01/35(B)		1,250		1,252
Public Finance Authority, RB
Pre-Refunded @ 100
5.000%, 04/01/30(B) (D)		100		109
Public Finance Authority, RB
Callable 04/01/30 @ 100
5.000%, 04/01/40(B)		1,175		1,201
Public Finance Authority, RB
Callable 04/01/30 @ 100
5.000%, 04/01/50(B)		1,575		1,578
Public Finance Authority, RB
Callable 02/01/32 @ 100
5.000%, 02/01/62		2,500		2,495
Public Finance Authority, RB
Pre-Refunded @ 100
4.000%, 04/01/32(B) (D)		50		52
Public Finance Authority, RB
Pre-Refunded @ 100
4.000%, 04/01/32(B) (D)		60		63
Public Finance Authority, RB
Callable 07/01/29 @ 100
4.000%, 07/01/51		1,750		1,465
Public Finance Authority, RB
Callable 06/01/27 @ 103
4.000%, 06/01/56(B)		3,000		2,369

Description	Face Amount (000)		Value (000)
Public Finance Authority, RB, AMT
Callable 09/30/31 @ 100
4.000%, 09/30/51	$	600	$	511
Public Finance Authority, RB, AMT
Callable 09/30/31 @ 100
4.000%, 03/31/56		3,290		2,749
Public Finance Authority, Ser A, RB
Callable 10/01/32 @ 100
5.000%, 10/01/52		5,000		5,231
Public Finance Authority, TA
Callable 06/01/29 @ 103
5.000%, 06/01/41(B)		500		509
University of Wisconsin Hospitals & Clinics, RB
Callable 10/01/31 @ 100
4.000%, 04/01/51		2,995		2,854
Wisconsin State, Health & Educational Facilities Authority, RB
Callable 10/01/32 @ 102
6.000%, 10/01/44		1,300		1,357
Wisconsin State, Health & Educational Facilities Authority, RB
Callable 01/01/27 @ 103
4.000%, 01/01/47		540		459
Wisconsin State, Health & Educational Facilities Authority, RB
Callable 01/01/27 @ 103
4.000%, 01/01/57		2,400		1,916
Wisconsin State, Health & Educational Facilities Authority, Woodland Hill Senior Housing Project, RB
Callable 02/06/25 @ 100
5.250%, 12/01/49		4,000		3,606
Wisconsin State, Public Finance Authority, Bancroft Neurohealth Project, RB
Callable 06/01/26 @ 100
5.000%, 06/01/36(B)		4,625		4,639
Wisconsin State, Public Finance Authority, Bancroft Neurohealth Project, RB
Callable 06/01/26 @ 100
4.625%, 06/01/36(B)		3,300		3,241
Wisconsin State, Public Finance Authority, Coral Academy Project, RB
Callable 02/06/25 @ 100
5.625%, 07/01/44		3,500		3,503
Wisconsin State, Public Finance Authority, Coral Academy Project, RB
Callable 02/06/25 @ 100
5.375%, 07/01/34		2,000		2,002

CITY NATIONAL ROCHDALE FUNDS | PAGE 16

Schedule of Investments

December 31, 2024  (Unaudited)

City National Rochdale Municipal High Income Fund

Description	Face Amount (000)		Value (000)
Wisconsin State, Public Finance Authority, Cornerstone Christian Project, RB
Callable 02/01/26 @ 100
5.000%, 02/01/36(B)	$	3,000	$	3,021
Wisconsin State, Public Finance Authority, RB
Callable 03/01/30 @ 100
5.250%, 03/01/45(B)		1,665		1,591
Wisconsin State, Public Finance Authority, RB
Callable 03/01/30 @ 100
5.250%, 03/01/55(B)		835		766
Wisconsin State, Public Finance Authority, Roseman University Health Sciences, RB
Callable 04/01/25 @ 100
5.875%, 04/01/45		3,000		3,009
Wisconsin State, Public Finance Authority, Ser A, RB
Callable 06/15/25 @ 100
5.500%, 06/15/35(B)		3,000		3,018
Wisconsin State, Public Finance Authority, Ser A, RB
Callable 06/15/25 @ 100
5.500%, 06/15/45(B)		4,280		4,297
Total Wisconsin				63,906
American Samoa [0.4%]
American Samoa, Economic Development Authority, Ser A, RB
Callable 09/01/25 @ 100
6.625%, 09/01/35		3,000		3,043
Puerto Rico [3.8%]
Children's Trust Fund, RB
Callable 02/06/25 @ 100
5.625%, 05/15/43		2,000		2,024
Children's Trust Fund, Ser A, RB
Callable 02/06/25 @ 9
0.000%, 05/15/57(F)		25,000		1,653
Commonwealth of Puerto Rico, Sub-Ser Senior, GO
0.000%, 11/01/51(A)		6,130		3,801
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-1, RB
Callable 07/01/28 @ 100
5.000%, 07/01/58		5,167		5,148
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-1, RB
Callable 07/01/28 @ 100
4.750%, 07/01/53		876		863

Description	Face Amount (000)		Value (000)
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-1, RB
Callable 07/01/25 @ 100
4.500%, 07/01/34	$	10,005	$	10,023
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2, RB
Callable 07/01/28 @ 100
4.784%, 07/01/58		5,771		5,668
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2, RB
Callable 07/01/28 @ 100
4.536%, 07/01/53		31		30
Total Puerto Rico				29,210
Total Municipal Bonds
(Cost $793,632)				759,897
Short-Term Investment [0.0%]
SEI Daily Income Trust Government Fund, Cl Institutional, 4.390%**		377		—
Total Short-Term Investment
(Cost $0)				—
Total Investments [99.8%]
(Cost $793,632)			$	759,897

Percentages are based on net assets of $761,582 (000).

**	The rate reported is the 7-day effective yield as of December 31, 2024.
(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.
(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 December 31, 2024, the value of these securities amounted to $248,284 (000), representing 32.6% of the net assets of the Fund.
(C)	In default on interest payments. Rate shown represents the last coupon rate prior to default.
(D)	Pre-Refunded Security — The maturity date shown is the pre-refunded date.
(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.
(F)	Zero coupon security.

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

CNR-QH-002-3000 

CITY NATIONAL ROCHDALE FUNDS | PAGE 17

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description		Face Amount (000)(1)		Value (000)
Corporate Bonds [48.7%]
Aerospace & Defense [0.0%]
Boeing
3.200%, 03/01/29		$	550	$	507
Aerospace / Defense [0.3%]
Goat Holdco
6.750%, 02/01/32(A)			175		173
Spirit AeroSystems
9.375%, 11/30/29(A)			527		564
Spirit AeroSystems
9.750%, 11/15/30(A)			703		778
TransDigm
6.750%, 08/15/28(A)			275		278
TransDigm
6.375%, 03/01/29(A)			450		451
TransDigm
6.875%, 12/15/30(A)			1,500		1,522
TransDigm
6.625%, 03/01/32(A)			975		984
Total Aerospace / Defense					4,750
Agricultural [0.3%]
Kernel Holding
6.750%, 10/27/27			4,875		4,418
MHP Lux
6.250%, 09/19/29			277		233
Total Agricultural					4,651
Air Transportation [0.0%]
SGL Group ApS
7.951%, EUR003M + 4.750%, 04/22/30(B)	EUR		400		418
Airlines [0.3%]
Allegiant Travel
7.250%, 08/15/27(A)			1,065		1,071
American Airlines
5.500%, 04/20/26(A)			1,053		1,050
Azul Secured Finance LLP
11.930%, 08/28/28(A)			2,978		2,996
Total Airlines					5,117
Airport Develop/Maint [0.8%]
Aeropuertos Dominicanos Siglo XXI
7.000%, 06/30/34(A)			1,990		2,028
GMR Hyderabad International Airport
4.750%, 02/02/26			3,800		3,739

Description		Face Amount (000)(1)			Value (000)
Kingston Airport Revenue Finance
6.750%, 12/15/36(A)		$	1,660	$	1,668
TAV Havalimanlari Holding
8.500%, 12/07/28			5,645		5,835
Total Airport Develop/Maint					13,270
Auto Rent & Lease [0.1%]
Kapla Holding SAS
6.386%, EUR003M + 3.500%, 07/31/30(B)	EUR		750		779
Upbound Group
6.375%, 02/15/29(A)			1,565		1,522
Total Auto Rent & Lease					2,301
Automotive [0.7%]
Adient Global Holdings
4.875%, 08/15/26(A)			1,125		1,109
Dornoch Debt Merger Sub
6.625%, 10/15/29(A)			950		769
Ford Motor Credit
5.125%, 06/16/25			1,150		1,149
Ford Otomotiv Sanayi
7.125%, 04/25/29(A)			3,680		3,689
IHO Verwaltungs GmbH
8.000%, 11/15/32(A)			1,075		1,082
JB Poindexter
8.750%, 12/15/31(A)			400		421
Panther BF Aggregator 2
8.500%, 05/15/27(A)			2,000		2,003
Real Hero Merger Sub 2
6.250%, 02/01/29(A)			875		752
ZF North America Capital
6.875%, 04/14/28(A)			200		200
ZF North America Capital
7.125%, 04/14/30(A)			325		319
Total Automotive					11,493
Autoparts [0.2%]
American Axle & Manufacturing
6.875%, 07/01/28			700		695
Grupo Antolin-Irausa
3.500%, 04/30/28	EUR		750		576
Metalsa Sapi De Cv
3.750%, 05/04/31			1,953		1,561
3.750%, 05/04/31(A)			1,805		1,442
Total Autoparts					4,274

CITY NATIONAL ROCHDALE FUNDS | PAGE 1

Schedule of Investments

December 31, 2024 (Unaudited) 

City National Rochdale Fixed Income Opportunities Fund

Description		Face Amount (000)(1)			Value (000)
Banking [0.0%]
Ally Financial
5.750%, 11/20/25		$	475	$	477
Banks [4.7%]
Akbank
9.369%, H15T5Y + 5.270%, 06/14/73(A) (B)			9,480		9,635
Banca Transilvania, MTN
8.875%, EUAMDB01 + 5.580%, 04/27/27(B)	EUR		2,882		3,156
Banco Davivienda
6.650%, H15T10Y + 5.097%, 10/22/73(A) (B)			5,350		4,590
Banco de Credito e Inversiones
7.500%, H15T5Y + 3.767%, 03/12/73(B)			1,320		1,287
7.500%, H15T5Y + 3.767%, 03/12/73(A) (B)			3,700		3,608
Banco General
5.250%, H15T10Y + 3.665%, 11/07/73(B)			2,625		2,366
Banco Mercantil del Norte
7.625%, H15T10Y + 5.353%, 10/06/67(B)			6,165		6,049
Banco Mercantil del Norte
8.375%, H15T5Y + 4.072%, 02/20/73(A) (B)			1,350		1,347
Bancolombia
8.625%, H15T5Y + 4.320%, 12/24/34(B)			2,010		2,104
Bank Hapoalim
3.255%, H15T5Y + 2.155%, 01/21/32(A) (B)			2,697		2,536
Bank Nadra Via NDR Finance
8.250%, 06/22/17(C)			631		3
Bank Negara Indonesia Persero
4.300%, H15T5Y + 3.466%, 03/24/73(B)			5,200		4,952
Bank of Georgia JSC
9.500%, USISSO05 + 5.618%, 10/16/73(A) (B)			3,800		3,704
BBVA Bancomer
5.125%, H15T5Y + 2.650%, 01/18/33(B)			2,605		2,416
BBVA Bancomer
8.125%, H15T5Y + 4.214%, 01/08/39(B)			4,900		4,989
Freedom Mortgage
7.625%, 05/01/26(A)			850		852
Freedom Mortgage
12.000%, 10/01/28(A)			775		843

Description		Face Amount (000)(1)			Value (000)
HDFC Bank
3.700%, H15T5Y + 2.925%, 02/25/73(B)		$	3,000	$	2,807
ING Bank, MTN
2.571%, 01/01/28(D)	JPY		210,917		1,066
Ipoteka-Bank ATIB
5.500%, 11/19/25			5,425		5,328
Jscb Agrobank
9.250%, 10/02/29(A)			3,000		3,060
NBK Tier 1 Financing 2
4.500%, CMTUSD6Y + 2.832%, 05/27/73(B)			2,785		2,740
Sovcombank Via SovCom Capital DAC
7.600%, H15T5Y + 6.362%, 02/17/73(D)			3,615		—
Turkiye Garanti Bankasi
8.375%, H15T5Y + 4.090%, 02/28/34(A) (B)			6,100		6,212
Yapi ve Kredi Bankasi, MTN
9.250%, 10/16/28			575		620
9.250%, 10/16/28(A)			3,950		4,258
Total Banks					80,528
Broadcasting & Cable [1.0%]
Cable One
4.000%, 11/15/30(A)			3,030		2,532
CCO Holdings
7.375%, 03/01/31(A)			1,879		1,916
Charter Communications Operating
6.650%, 02/01/34			765		788
Charter Communications Operating
6.484%, 10/23/45			2,130		2,014
CSC Holdings
11.250%, 05/15/28(A)			1,405		1,387
Gray Television
10.500%, 07/15/29(A)			570		570
LCPR Senior Secured Financing DAC
6.750%, 10/15/27			4,900		4,434
6.750%, 10/15/27(A)			1,625		1,470
LCPR Senior Secured Financing DAC
5.125%, 07/15/29(A)			985		790
Time Warner Cable
5.875%, 11/15/40			530		474
Total Broadcasting & Cable					16,375

CITY NATIONAL ROCHDALE FUNDS | PAGE 2

Schedule of Investments

December 31, 2024 (Unaudited) 

City National Rochdale Fixed Income Opportunities Fund

Description		Face Amount (000)(1)			Value (000)
Building & Construction [1.1%]
Allegheny Ludlum
6.950%, 12/15/25		$	470	$	473
Assemblin Caverion Group
6.236%, EUR003M + 3.500%, 07/01/31(B)	EUR		700		726
Brundage-Bone Concrete Pumping Holdings
6.000%, 02/01/26(A)			1,560		1,559
Builders FirstSource
4.250%, 02/01/32(A)			535		473
Cemex
9.125%, H15T5Y + 5.157%, 06/14/73(A) (B)			1,880		1,938
Dream Finders Homes
8.250%, 08/15/28(A)			946		986
Forestar Group
5.000%, 03/01/28(A)			818		790
Knife River
7.750%, 05/01/31(A)			1,255		1,307
LGI Homes
8.750%, 12/15/28(A)			490		514
Limak Cimento Sanayi ve Ticaret
9.750%, 07/25/29(A)			1,980		1,945
New Home
9.250%, 10/01/29(A)			1,434		1,509
Sisecam UK
8.250%, 05/02/29(A)			3,720		3,734
Smyrna Ready Mix Concrete
6.000%, 11/01/28(A)			490		478
Smyrna Ready Mix Concrete
8.875%, 11/15/31(A)			1,225		1,284
Summit Materials
6.500%, 03/15/27(A)			1,450		1,449
Winnebago Industries
6.250%, 07/15/28(A)			440		437
Yuksel Insaat
9.500%, 11/10/15(C)			12,655		127
Total Building & Construction					19,729
Building Materials [0.6%]
American Builders & Contractors Supply
4.000%, 01/15/28(A)			350		335
American Builders & Contractors Supply
3.875%, 11/15/29(A)			400		363
Camelot Return Merger Sub
8.750%, 08/01/28(A)			740		709
CP Atlas Buyer
7.000%, 12/01/28(A)			775		682

Description	Face Amount (000)(1)			Value (000)
Foundation Building Materials
6.000%, 03/01/29(A)	$	2,347	$	2,057
GYP Holdings III
4.625%, 05/01/29(A)		975		919
Interface
5.500%, 12/01/28(A)		825		806
Masterbrand
7.000%, 07/15/32(A)		955		962
Miter Brands Acquisition Holdco
6.750%, 04/01/32(A)		475		477
Patrick Industries
6.375%, 11/01/32(A)		500		484
Standard Building Solutions
6.500%, 08/15/32(A)		475		476
Standard Industries
5.000%, 02/15/27(A)		600		587
Standard Industries
4.750%, 01/15/28(A)		1,150		1,100
Standard Industries
4.375%, 07/15/30(A)		530		486
White Capital Buyer
6.875%, 10/15/28(A)		725		717
Total Building Materials				11,160
Building-Heavy Construct [0.7%]
Arcosa
6.875%, 08/15/32(A)		290		295
HTA Group
7.500%, 06/04/29(A)		4,370		4,446
IRB Infrastructure Developers
7.110%, 03/11/32		3,700		3,736
Odebrecht Holdco Finance
0.000%, 09/10/58(E)		13,874		7
Sitios Latinoamerica
5.375%, 04/04/32(A)		3,860		3,622
Total Building-Heavy Construct				12,106
Cable Satellite [1.1%]
CCO Holdings
5.125%, 05/01/27(A)		1,600		1,572
CCO Holdings
5.000%, 02/01/28(A)		1,200		1,157
CCO Holdings
4.750%, 03/01/30(A)		535		488
CCO Holdings
4.500%, 08/15/30(A)		550		494
4.500%, 05/01/32		150		129
CCO Holdings
4.250%, 02/01/31(A)		150		131
4.250%, 01/15/34(A)		900		730

CITY NATIONAL ROCHDALE FUNDS | PAGE 3

Schedule of Investments

December 31, 2024 (Unaudited) 

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)			Value (000)
CSC Holdings
5.500%, 04/15/27(A)	$	675	$	604
CSC Holdings
5.750%, 01/15/30(A)		925		526
CSC Holdings
4.125%, 12/01/30(A)		400		287
CSC Holdings
3.375%, 02/15/31(A)		400		281
CSC Holdings
4.500%, 11/15/31(A)		675		486
DIRECTV Holdings
5.875%, 08/15/27(A)		981		956
DISH DBS
7.375%, 07/01/28		350		251
DISH DBS
5.125%, 06/01/29		525		336
Sirius XM Radio
4.000%, 07/15/28(A)		1,740		1,603
Sirius XM Radio
5.500%, 07/01/29(A)		1,475		1,415
Sirius XM Radio
3.875%, 09/01/31(A)		575		481
Sunrise FinCo I BV
4.875%, 07/15/31(A)		975		884
Telenet Finance Luxembourg Notes Sarl
5.500%, 03/01/28(A)		1,400		1,344
Virgin Media Finance
5.000%, 07/15/30(A)		825		698
Virgin Media Secured Finance
5.500%, 05/15/29(A)		1,425		1,337
Virgin Media Secured Finance
4.500%, 08/15/30(A)		825		712
Vmed O2 UK Financing I
4.750%, 07/15/31(A)		1,330		1,143
Ziggo Bond BV
6.000%, 01/15/27(A)		700		694
Ziggo Bond BV
5.125%, 02/28/30(A)		225		203
Ziggo Bond BV
4.875%, 01/15/30(A)		350		322
Total Cable Satellite				19,264
Chemicals [1.3%]
Axalta Coating Systems
4.750%, 06/15/27(A)		700		686
Axalta Coating Systems
3.375%, 02/15/29(A)		375		340
Braskem Netherlands Finance BV
8.500%, 01/12/31(A)		2,530		2,536
Braskem Netherlands Finance BV
7.250%, 02/13/33(A)		2,325		2,143

Description		Face Amount (000)(1)			Value (000)
Celanese US Holdings
6.950%, 11/15/33		$	475	$	493
Chemours
8.000%, 01/15/33(A)			435		425
Consolidated Energy Finance
12.000%, 02/15/31(A)			520		499
Element Solutions
3.875%, 09/01/28(A)			700		664
HB Fuller
4.250%, 10/15/28			775		729
Herens Holdco Sarl
4.750%, 05/15/28(A)			800		738
Illuminate Buyer
9.000%, 07/01/28(A)			525		532
INEOS Finance
6.750%, 05/15/28(A)			2,235		2,257
INEOS Quattro Finance 2
9.625%, 03/15/29(A)			470		496
Italmatch Chemicals
8.183%, EUR003M + 5.500%, 02/06/28(B)	EUR		937		983
LSF11 A5 HoldCo
6.625%, 10/15/29(A)			975		1,003
Mativ Holdings
8.000%, 10/01/29(A)			985		949
OCP
7.500%, 05/02/54(A)			3,850		3,903
Olympus Water US Holding
7.125%, 10/01/27(A)			375		380
Olympus Water US Holding
9.750%, 11/15/28(A)			325		345
Olympus Water US Holding
6.250%, 10/01/29(A)			875		831
Olympus Water US Holding
7.250%, 06/15/31(A)			300		305
SNF Group
3.375%, 03/15/30(A)			275		241
WR Grace Holdings
4.875%, 06/15/27(A)			425		412
WR Grace Holdings
5.625%, 08/15/29(A)			225		207
Total Chemicals					22,097
Coal Mining [0.1%]
Coronado Finance Pty
9.250%, 10/01/29(A)			682		692
New World Resources
8.000%, 04/07/20(C)	EUR		1,101		2

CITY NATIONAL ROCHDALE FUNDS | PAGE 4

Schedule of Investments

December 31, 2024 (Unaudited) 

City National Rochdale Fixed Income Opportunities Fund

Description		Face Amount (000)(1)			Value (000)
Warrior Met Coal
7.875%, 12/01/28(A)		$	1,097	$	1,132
Total Coal Mining					1,826
Commercial Serv-Finance [0.1%]
Sabre GLBL
8.625%, 06/01/27(A)			916		904
Shift4 Payments
6.750%, 08/15/32(A)			483		491
Total Commercial Serv-Finance					1,395
Commercial Services [0.2%]
Arena Luxembourg Finance Sarl
6.345%, EUR003M + 3.000%, 02/01/27(B)	EUR		200		209
Bidvest Group UK
3.625%, 09/23/26			2,575		2,468
Live Nation Entertainment
5.625%, 03/15/26(A)			580		579
SD International Sukuk, MTN
6.300%, 05/09/22(C)			13,384		1
Total Commercial Services					3,257
Communication & Media [0.3%]
Globo Comunicacao e Participacoes
5.500%, 01/14/32			1,505		1,336
5.500%, 01/14/32(A)			4,140		3,675
Total Communication & Media					5,011
Computer System Design & Services [0.3%]
Diebold Nixdorf
7.750%, 03/31/30(A)			618		635
Magnum Holdings
5.375%, 10/31/26(A)			4,900		4,774
Total Computer System Design & Services					5,409
Computers-Memory Devices [0.1%]
Seagate HDD Cayman
8.250%, 12/15/29			911		971
Construction Machinery [0.1%]
Terex
5.000%, 05/15/29(A)			680		648
United Rentals North America
5.500%, 05/15/27			424		421

Description	Face Amount (000)(1)			Value (000)
United Rentals North America
4.875%, 01/15/28	$	600	$	584
Total Construction Machinery				1,653
Consumer Cyclical Services [0.4%]
Allied Universal Holdco
9.750%, 07/15/27(A)		475		478
Allied Universal Holdco
6.000%, 06/01/29(A)		1,375		1,253
Allied Universal Holdco
7.875%, 02/15/31(A)		425		435
Brink's
6.500%, 06/15/29(A)		350		355
Brink's
6.750%, 06/15/32(A)		350		352
Cars.com
6.375%, 11/01/28(A)		525		522
Dun & Bradstreet
5.000%, 12/15/29(A)		625		595
Garda World Security
6.000%, 06/01/29(A)		1,250		1,185
Garda World Security
8.375%, 11/15/32(A)		650		662
Go Daddy Operating
5.250%, 12/01/27(A)		725		712
Match Group
5.000%, 12/15/27(A)		1,000		967
Match Group
4.625%, 06/01/28(A)		250		238
Total Consumer Cyclical Services				7,754
Consumer Products [0.2%]
BCPE Empire Holdings
7.625%, 05/01/27(A)		1,500		1,495
Champ Acquisition
8.375%, 12/01/31(A)		340		347
Edgewell Personal Care
5.500%, 06/01/28(A)		725		710
Edgewell Personal Care
4.125%, 04/01/29(A)		200		184
Energizer Holdings
6.500%, 12/31/27(A)		750		751
Energizer Holdings
4.375%, 03/31/29(A)		850		789
Total Consumer Products				4,276
Consumer Products & Services [0.1%]
Kronos Acquisition Holdings
8.250%, 06/30/31(A)		525		500

CITY NATIONAL ROCHDALE FUNDS | PAGE 5

Schedule of Investments

December 31, 2024 (Unaudited) 

City National Rochdale Fixed Income Opportunities Fund

Description		Face Amount (000)(1)			Value (000)
Kronos Acquisition Holdings
10.750%, 06/30/32(A)		$	525	$	483
Total Consumer Products & Services					983
Containers & Packaging [0.0%]
Graham Packaging
7.125%, 08/15/28(A)			660		650
Dialysis Centers [0.1%]
DaVita
6.875%, 09/01/32(A)			980		988
Distribution/Wholesale [0.1%]
Azelis Finance
4.750%, 09/25/29	EUR		240		256
Windsor Holdings III
8.500%, 06/15/30(A)			875		920
Total Distribution/Wholesale					1,176
Diversified Manufacturing [0.2%]
EMRLD Borrower
6.625%, 12/15/30(A)			1,500		1,502
Gates
6.875%, 07/01/29(A)			400		407
WESCO Distribution
7.250%, 06/15/28(A)			800		813
WESCO Distribution
6.375%, 03/15/29(A)			100		101
WESCO Distribution
6.625%, 03/15/32(A)			150		153
Total Diversified Manufacturing					2,976
Drugs [0.3%]
Neopharmed Gentili SPA
7.429%, EUR003M + 4.250%, 04/08/30(B)	EUR		400		420
Organon
2.875%, 04/30/28	EUR		1,000		1,008
Teva Pharmaceutical Finance Netherlands III BV
8.125%, 09/15/31			4,550		5,084
Total Drugs					6,512
E-Commerce/Products [0.0%]
ANGI Group
3.875%, 08/15/28(A)			685		612

Description		Face Amount (000)(1)			Value (000)
E-Commerce/Services [0.1%]
Uber Technologies
7.500%, 09/15/27(A)		$	978	$	995
Electric Utilities [1.6%]
AES Andes
8.150%, H15T5Y + 3.835%, 06/10/55(A) (B)			1,540		1,558
FirstEnergy
2.050%, 03/01/25			174		173
Greenko Power II
4.300%, 12/13/28			601		564
Lightning Power
7.250%, 08/15/32(A)			1,360		1,398
Mercury Chile Holdco
6.500%, 01/24/27(A)			6,830		6,765
Minejesa Capital BV
5.625%, 08/10/37(A)			5,300		4,928
Mong Duong Finance Holdings BV
5.125%, 05/07/29			4,605		4,424
Pike
8.625%, 01/31/31(A)			924		975
Star Energy Geothermal Wayang Windu
6.750%, 04/24/33			5,047		5,085
Vistra
8.000%, H15T5Y + 6.930%, 04/15/73(A) (B)			1,130		1,153
Total Electric Utilities					27,023
Energy & Power [0.5%]
Continuum Energy Aura Pte
9.500%, 02/24/27(A)			2,440		2,555
FS Luxembourg Sarl
8.875%, 02/12/31			3,550		3,601
Greenko Solar Mauritius
5.950%, 07/29/26			1,900		1,924
Total Energy & Power					8,080
Entertainment & Gaming [1.1%]
IGT Lottery Holdings BV
4.250%, 03/15/30	EUR		430		453
Lottomatica Group Spa
6.939%, EUR003M + 4.000%, 12/15/30(B)	EUR		400		421
Lottomatica Group Spa
6.189%, EUR003M + 3.250%, 06/01/31(B)	EUR		200		209
Melco Resorts Finance
4.875%, 06/06/25			2,340		2,325

CITY NATIONAL ROCHDALE FUNDS | PAGE 6

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description		Face Amount (000)(1)			Value (000)
Melco Resorts Finance
5.250%, 04/26/26		$	4,600	$	4,523
MGM China Holdings
5.250%, 06/18/25			2,700		2,687
MGM China Holdings
7.125%, 06/26/31(A)			2,070		2,093
Studio City Finance
6.500%, 01/15/28			4,000		3,888
Wynn Macau
5.625%, 08/26/28			900		867
Wynn Macau
5.125%, 12/15/29			2,100		1,948
Total Entertainment & Gaming					19,414
Finance [0.1%]
Garfunkelux Holdco 3
6.750%, 11/01/25	EUR		450		307
Garfunkelux Holdco 3
7.750%, 11/01/25	GBP		700		585
Total Finance					892
Finance Companies [0.7%]
Boost Newco Borrower
7.500%, 01/15/31(A)			2,165		2,270
Macquarie Airfinance Holdings
6.400%, 03/26/29(A)			75		77
Macquarie Airfinance Holdings
8.125%, 03/30/29(A)			835		883
Macquarie Airfinance Holdings
6.500%, 03/26/31(A)			75		78
Navient
6.750%, 06/25/25			375		375
Navient
5.000%, 03/15/27			750		735
Rocket Mortgage
3.625%, 03/01/29(A)			350		317
Rocket Mortgage
3.875%, 03/01/31(A)			950		827
Rocket Mortgage
4.000%, 10/15/33(A)			575		479
United Wholesale Mortgage
5.500%, 11/15/25(A)			1,690		1,682
5.500%, 04/15/29(A)			3,228		3,109
UWM Holdings
6.625%, 02/01/30(A)			840		835
Total Finance Companies					11,667
Financial Services [1.7%]
ASG Finance Designated Activity
9.750%, 05/15/29(A)			6,040		6,110

Description		Face Amount (000)(1)			Value (000)
Bread Financial Holdings
9.750%, 03/15/29(A)		$	940	$	1,010
Castlelake Aviation Finance DAC
5.000%, 04/15/27(A)			650		653
CSN Inova Ventures
6.750%, 01/28/28(A)			2,680		2,497
Enact Holdings
6.250%, 05/28/29			1,910		1,945
Encore Capital Group
4.250%, 06/01/28	GBP		500		587
Encore Capital Group
9.250%, 04/01/29(A)			1,410		1,502
Enova International
9.125%, 08/01/29(A)			490		510
Freedom Mortgage Holdings
9.250%, 02/01/29(A)			754		778
GGAM Finance
8.000%, 02/15/27(A)			990		1,021
goeasy
9.250%, 12/01/28(A)			455		485
goeasy
7.625%, 07/01/29(A)			940		961
Iqera Group SAS
9.523%, EUR003M + 6.500%, 02/15/27(B)	EUR		900		539
Jefferies Finance
5.000%, 08/15/28(A)			765		718
Jefferies Finance
6.625%, 10/15/31(A)			325		324
Macquarie Airfinance Holdings
8.375%, 05/01/28(A)			560		587
Nationstar Mortgage Holdings
6.500%, 08/01/29(A)			440		439
Nationstar Mortgage Holdings
5.750%, 11/15/31(A)			900		860
Nationstar Mortgage Holdings
7.125%, 02/01/32(A)			287		291
OEC Finance
7.500%, 03/14/73(C)			38		1
OneMain Finance
9.000%, 01/15/29			1,435		1,523
PennyMac Financial Services
5.375%, 10/15/25(A)			785		783
PennyMac Financial Services
7.875%, 12/15/29(A)			450		471
PRA Group
5.000%, 10/01/29(A)			845		773
PRA Group
8.875%, 01/31/30(A)			927		960

CITY NATIONAL ROCHDALE FUNDS | PAGE 7

Schedule of Investments

December 31, 2024 (Unaudited) 

City National Rochdale Fixed Income Opportunities Fund

Description		Face Amount (000)(1)			Value (000)
Sobha Sukuk
8.750%, 07/17/28		$	3,557	$	3,631
Total Financial Services					29,959
Food & Beverage [0.2%]
BellRing Brands
7.000%, 03/15/30(A)			925		947
Performance Food Group
4.250%, 08/01/29(A)			925		858
Performance Food Group
6.125%, 09/15/32(A)			50		50
Post Holdings
6.250%, 02/15/32(A)			400		397
6.250%, 10/15/34(A)			175		171
Post Holdings
6.375%, 03/01/33(A)			550		538
US Foods
6.875%, 09/15/28(A)			375		384
US Foods
4.750%, 02/15/29(A)			675		646
US Foods
5.750%, 04/15/33(A)			75		73
Total Food & Beverage					4,064
Food, Beverage & Tobacco [1.2%]
Agrosuper
4.600%, 01/20/32(A)			5,235		4,669
BRF
4.875%, 01/24/30			2,885		2,648
Coca-Cola Icecek
50.500%, 04/28/25	TRY		101,100		2,858
Health & Happiness H&H International Holdings
13.500%, 06/26/26			3,490		3,713
Minerva Luxembourg
4.375%, 03/18/31(A)			4,475		3,755
Simmons Foods
4.625%, 03/01/29(A)			855		790
Turning Point Brands
5.625%, 02/15/26(A)			1,915		1,905
Total Food, Beverage & Tobacco					20,338
Food-Baking [0.0%]
Sammontana Italia
6.973%, EUR003M + 3.750%, 10/15/31(B)	EUR		350		364

Description	Face Amount (000)(1)			Value (000)
Food-Flour and Grain [0.2%]
Aragvi Finance International DAC
11.125%, 11/20/29(A)	$	3,500	$	3,459
Gaming [0.7%]
Affinity Interactive
6.875%, 12/15/27(A)		250		188
Boyd Gaming
4.750%, 12/01/27		875		846
Caesars Entertainment
4.625%, 10/15/29(A)		225		211
Caesars Entertainment
7.000%, 02/15/30(A)		225		229
Caesars Entertainment
6.500%, 02/15/32(A)		425		427
Caesars Entertainment
6.000%, 10/15/32(A)		500		482
Churchill Downs
5.750%, 04/01/30(A)		150		147
Churchill Downs
6.750%, 05/01/31(A)		910		920
Colt Merger Sub
8.125%, 07/01/27(A)		787		795
Light & Wonder International
7.250%, 11/15/29(A)		125		127
Light & Wonder International
7.500%, 09/01/31(A)		625		644
MGM Resorts International
6.125%, 09/15/29		300		299
MGM Resorts International
6.500%, 04/15/32		625		623
Midwest Gaming Borrower
4.875%, 05/01/29(A)		775		731
Mohegan Tribal Gaming Authority
8.000%, 02/01/26(A)		850		846
Ontario Gaming GTA
8.000%, 08/01/30(A)		800		822
Penn Entertainment
5.625%, 01/15/27(A)		250		246
Penn Entertainment
4.125%, 07/01/29(A)		125		112
Scientific Games Holdings
6.625%, 03/01/30(A)		650		622
Station Casinos
4.500%, 02/15/28(A)		1,990		1,888
Station Casinos
4.625%, 12/01/31(A)		860		771
Wynn Resorts Finance
7.125%, 02/15/31(A)		475		495

CITY NATIONAL ROCHDALE FUNDS | PAGE 8

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)			Value (000)
Wynn Resorts Finance
6.250%, 03/15/33(A)	$	200	$	196
Total Gaming				12,667
Gold Mining [0.6%]
Aris Mining
8.000%, 10/31/29(A)		3,870		3,831
Cia de Minas Buenaventura SAA
5.500%, 07/23/26		6,285		6,280
Total Gold Mining				10,111
Health Insurance [0.0%]
Molina Healthcare
6.250%, 01/15/33(A)		175		173
Healthcare [0.6%]
Avantor Funding
4.625%, 07/15/28(A)		875		835
CHS
5.625%, 03/15/27(A)		650		624
CHS
6.000%, 01/15/29(A)		250		224
CHS
6.875%, 04/15/29(A)		725		547
Concentra Escrow Issuer
6.875%, 07/15/32(A)		225		229
DaVita
4.625%, 06/01/30(A)		220		202
Embecta
6.750%, 02/15/30(A)		325		308
IQVIA
5.000%, 10/15/26(A)		1,075		1,061
Medline Borrower
6.250%, 04/01/29(A)		525		530
Medline Borrower
5.250%, 10/01/29(A)		1,900		1,834
Neogen Food Safety
8.625%, 07/20/30(A)		400		429
Raven Acquisition Holdings
6.875%, 11/15/31(A)		500		495
Select Medical
6.250%, 12/01/32(A)		250		240
Tenet Healthcare
5.125%, 11/01/27		1,225		1,200
Tenet Healthcare
6.125%, 10/01/28		1,354		1,351
Tenet Healthcare
6.750%, 05/15/31		450		455
Total Healthcare				10,564

Description		Face Amount (000)(1)			Value (000)
Homebuilders/Materials/Construction [0.0%]
Victoria
3.750%, 03/15/28	EUR	$	500	$	361
Hotels and Motels [0.1%]
Hilton Grand Vacations Borrower
6.625%, 01/15/32(A)			495		497
Marriott Ownership Resorts
4.750%, 01/15/28			1,045		1,004
Travel + Leisure
6.625%, 07/31/26(A)			938		948
Total Hotels and Motels					2,449
Independent Energy [0.6%]
Aethon United BR
7.500%, 10/01/29(A)			425		435
Antero Resources
7.625%, 02/01/29(A)			159		163
Ascent Resources Utica Holdings
9.000%, 11/01/27(A)			375		453
Ascent Resources Utica Holdings
8.250%, 12/31/28(A)			1,685		1,720
Ascent Resources Utica Holdings
6.625%, 10/15/32(A)			883		878
Chord Energy
6.375%, 06/01/26(A)			500		500
Civitas Resources
8.375%, 07/01/28(A)			1,130		1,173
Civitas Resources
8.625%, 11/01/30(A)			225		236
Civitas Resources
8.750%, 07/01/31(A)			150		156
Comstock Resources
6.750%, 03/01/29(A)			825		804
Expand Energy
5.375%, 03/15/30			300		294
Expand Energy
7.000%, 12/31/49(C) (D)			575		2
Matador Resources
6.500%, 04/15/32(A)			450		445
Matador Resources
6.250%, 04/15/33(A)			100		97
Permian Resources Operating
5.375%, 01/15/26(A)			350		347
Permian Resources Operating
6.250%, 02/01/33(A)			175		173
Range Resources
8.250%, 01/15/29			500		515
Sitio Royalties Operating Partnership
7.875%, 11/01/28(A)			300		308

CITY NATIONAL ROCHDALE FUNDS | PAGE 9

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)			Value (000)
SM Energy
6.750%, 09/15/26	$	625	$	624
SM Energy
7.000%, 08/01/32(A)		100		99
TGNR Intermediate Holdings
5.500%, 10/15/29(A)		475		444
Total Independent Energy				9,866
Industrial - Other [0.2%]
Hillenbrand
6.250%, 02/15/29		525		525
Madison IAQ
5.875%, 06/30/29(A)		1,525		1,440
Rand Parent
8.500%, 02/15/30(A)		685		689
SPX FLOW
8.750%, 04/01/30(A)		900		922
Total Industrial - Other				3,576
Insurance [0.1%]
APH Somerset Investor 2
7.875%, 11/01/29(A)		510		517
Howden UK Refinance
8.125%, 02/15/32(A)		1,965		2,007
Total Insurance				2,524
Insurance - P&C [1.1%]
Acrisure
7.500%, 11/06/30(A)		1,020		1,050
Alliant Holdings Intermediate
6.750%, 10/15/27(A)		680		675
Alliant Holdings Intermediate
5.875%, 11/01/29(A)		250		240
Alliant Holdings Intermediate
7.000%, 01/15/31(A)		725		728
Alliant Holdings Intermediate
7.375%, 10/01/32(A)		350		353
AmWINS Group
4.875%, 06/30/29(A)		1,300		1,221
Ardonagh Finco
7.750%, 02/15/31(A)		250		257
Ardonagh Group Finance
8.875%, 02/15/32(A)		1,750		1,818
AssuredPartners
5.625%, 01/15/29(A)		775		783
AssuredPartners
7.500%, 02/15/32(A)		275		296
Baldwin Insurance Group Holdings
7.125%, 05/15/31(A)		1,670		1,704

Description		Face Amount (000)(1)			Value (000)
BroadStreet Partners
5.875%, 04/15/29(A)		$	1,450	$	1,403
HUB International
5.625%, 12/01/29(A)			1,075		1,042
HUB International
7.250%, 06/15/30(A)			1,200		1,230
HUB International
7.375%, 01/31/32(A)			900		914
Jones Deslauriers Insurance Management
8.500%, 03/15/30(A)			875		921
Jones Deslauriers Insurance Management
10.500%, 12/15/30(A)			600		649
Panther Escrow Issuer
7.125%, 06/01/31(A)			1,200		1,212
Ryan Specialty
4.375%, 02/01/30(A)			300		282
Ryan Specialty
5.875%, 08/01/32(A)			300		297
USI
7.500%, 01/15/32(A)			1,375		1,422
Total Insurance - P&C					18,497
Internet Connectiv Svcs [0.1%]
United Group BV
7.273%, EUR003M + 4.250%, 02/01/29(B)	EUR		500		519
7.273%, EUR003M + 4.250%, 02/15/31(B)	EUR		630		653
Total Internet Connectiv Svcs					1,172
Investment Bank/Broker-Dealer [0.1%]
Aretec Group
10.000%, 08/15/30(A)			935		1,021
VFH Parent
7.500%, 06/15/31(A)			885		910
Total Investment Bank/Broker-Dealer					1,931
Investment Companies [0.1%]
Hightower Holding
6.750%, 04/15/29(A)			1,006		1,002
Leisure [0.7%]
Carnival
6.000%, 05/01/29(A)			475		474
Carnival
7.000%, 08/15/29(A)			175		182
Carnival
10.500%, 06/01/30(A)			2,131		2,278

CITY NATIONAL ROCHDALE FUNDS | PAGE 10

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)			Value (000)
NCL
5.875%, 03/15/26(A)	$	1,100	$	1,099
5.875%, 02/15/27(A)		1,580		1,575
NCL
8.125%, 01/15/29(A)		250		263
NCL
7.750%, 02/15/29(A)		125		131
NCL Finance
6.125%, 03/15/28(A)		200		201
Royal Caribbean Cruises
5.500%, 08/31/26(A)		350		350
Royal Caribbean Cruises
5.375%, 07/15/27(A)		525		522
Royal Caribbean Cruises
5.625%, 09/30/31(A)		100		98
Royal Caribbean Cruises
6.250%, 03/15/32(A)		275		278
Royal Caribbean Cruises
6.000%, 02/01/33(A)		175		174
SeaWorld Parks & Entertainment
5.250%, 08/15/29(A)		900		859
Six Flags Entertainment
7.250%, 05/15/31(A)		875		894
Viking Cruises
6.250%, 05/15/25(A)		1,690		1,688
VOC Escrow
5.000%, 02/15/28(A)		1,005		978
Total Leisure				12,044
Lodging [0.1%]
Hilton Domestic Operating
5.750%, 05/01/28(A)		525		525
Hilton Domestic Operating
3.750%, 05/01/29(A)		375		346
Hilton Domestic Operating
5.875%, 03/15/33(A)		300		295
RHP Hotel Properties
6.500%, 04/01/32(A)		425		427
Wyndham Hotels & Resorts
4.375%, 08/15/28(A)		375		357
XHR
6.625%, 05/15/30(A)		125		125
Total Lodging				2,075
Machinery [0.1%]
Manitowoc
9.250%, 10/01/31(A)		870		892

Description		Face Amount (000)(1)			Value (000)
Machinery-General Indust [0.0%]
Omnia Della Toffola
6.933%, EUR003M + 4.250%, 11/05/31(B)	EUR	$	120	$	122
Machinery-Pumps [0.0%]
CEME
7.183%, EUR003M + 4.500%, 09/30/31(B)	EUR		500		514
Marine Services [0.1%]
DP World Salaam
6.000%, H15T5Y + 5.750%, 01/01/74(B)			2,250		2,236
Media Entertainment [0.3%]
Audacy Capital
6.500%, 05/01/27(A) (C)			2,050		92
Audacy Capital
6.750%, 03/31/29(A) (C)			1,350		61
CMG Media
8.875%, 06/18/29(A)			375		281
Gray Television
5.375%, 11/15/31(A)			350		186
Lamar Media
4.875%, 01/15/29			1,000		961
Nexstar Broadcasting
5.625%, 07/15/27(A)			325		317
Outfront Media Capital
4.625%, 03/15/30(A)			925		855
Sinclair Television Group
5.500%, 03/01/30(A)			575		388
Sinclair Television Group
4.125%, 12/01/30(A)			175		129
Stagwell Global
5.625%, 08/15/29(A)			1,550		1,476
Univision Communications
8.000%, 08/15/28(A)			200		204
Univision Communications
4.500%, 05/01/29(A)			300		268
Univision Communications
7.375%, 06/30/30(A)			625		598
Total Media Entertainment					5,816
Medical Products & Services [0.1%]
LifePoint Health
9.875%, 08/15/30(A)			450		485
LifePoint Health
11.000%, 10/15/30(A)			470		516
RAY Financing
6.929%, EUR003M + 3.750%, 07/15/31(B)	EUR		400		417

CITY NATIONAL ROCHDALE FUNDS | PAGE 11

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)			Value (000)
Tenet Healthcare
6.125%, 06/15/30	$	490	$	486
Total Medical Products & Services				1,904
Metal-Copper [0.2%]
First Quantum Minerals
6.875%, 10/15/27(A)		520		517
First Quantum Minerals
9.375%, 03/01/29(A)		2,345		2,494
Total Metal-Copper				3,011
Metal-Iron [0.3%]
Mineral Resources
8.125%, 05/01/27(A)		1,495		1,501
Mineral Resources
9.250%, 10/01/28(A)		945		991
Mineral Resources, MTN
8.000%, 11/01/27(A)		490		501
Samarco Mineracao
9.000% PIK, 06/30/31		2,456		2,399
TMS International
6.250%, 04/15/29(A)		820		789
Total Metal-Iron				6,181
Metals & Mining [0.6%]
Alcoa Nederland Holding BV
7.125%, 03/15/31(A)		565		584
Arsenal AIC Parent
8.000%, 10/01/30(A)		535		553
Arsenal AIC Parent
11.500%, 10/01/31(A)		890		996
Cleveland-Cliffs
4.625%, 03/01/29(A)		650		603
Cleveland-Cliffs
6.875%, 11/01/29(A)		125		124
Cleveland-Cliffs
7.000%, 03/15/32(A)		1,770		1,738
Cleveland-Cliffs
7.375%, 05/01/33(A)		700		688
Coeur Mining
5.125%, 02/15/29(A)		650		622
Kaiser Aluminum
4.500%, 06/01/31(A)		550		485
Vedanta Resources Finance II
9.250%, 04/23/26		2,110		2,113
Vedanta Resources Finance II
10.250%, 06/03/28(A)		1,150		1,172

Description		Face Amount (000)(1)			Value (000)
Vedanta Resources Finance II
10.875%, 09/17/29(A)		$	720	$	744
Total Metals & Mining					10,422
Midstream [0.5%]
Antero Midstream Partners
5.750%, 03/01/27(A)			2,025		2,016
Blue Racer Midstream
7.000%, 07/15/29(A)			150		153
Blue Racer Midstream
7.250%, 07/15/32(A)			200		206
CNX Midstream Partners
4.750%, 04/15/30(A)			875		798
DT Midstream
4.375%, 06/15/31(A)			950		867
EQM Midstream Partners
6.375%, 04/01/29(A)			275		276
EQT Midstream Partners
6.500%, 07/01/27(A)			500		506
Hess Midstream Operations
5.125%, 06/15/28(A)			825		802
Northriver Midstream Finance
6.750%, 07/15/32(A)			575		578
Solaris Midstream Holdings
7.625%, 04/01/26(A)			725		726
Suburban Propane Partners
5.875%, 03/01/27			750		744
Suburban Propane Partners
5.000%, 06/01/31(A)			375		334
Targa Resources Partners
6.500%, 07/15/27			850		856
Total Midstream					8,862
Miscellaneous Manufacturing [0.0%]
Anolis Capital Markets PCC
4.150%, 01/01/28(D)	EUR		644		580
Motion Pictures and Services [0.1%]
Warnermedia Holdings
4.279%, 03/15/32			1,371		1,209
Non-Ferrous Metals [0.2%]
Minsur
4.500%, 10/28/31			3,200		2,839
Oil Field Services [0.4%]
Archrock Partners
6.875%, 04/01/27(A)			1,300		1,307
Kodiak Gas Services
7.250%, 02/15/29(A)			625		638

CITY NATIONAL ROCHDALE FUNDS | PAGE 12

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description		Face Amount (000)(1)			Value (000)
Nabors Industries
7.375%, 05/15/27(A)		$	1,030	$	1,029
Nabors Industries
7.500%, 01/15/28(A)			175		162
Nabors Industries
9.125%, 01/31/30(A)			990		1,006
Nabors Industries
8.875%, 08/15/31(A)			225		209
ORO SG Pte
12.000%, 12/20/25(D)			9,393		9
Precision Drilling
7.125%, 01/15/26(A)			314		314
Precision Drilling
6.875%, 01/15/29(A)			505		500
Transocean Titan Financing
8.375%, 02/01/28(A)			952		971
USA Compression Partners
7.125%, 03/15/29(A)			1,225		1,247
Total Oil Field Services					7,392
Oil-Field Services [0.0%]
OEG Finance
7.250%, 09/27/29	EUR		150		162
Packaging [0.5%]
ARD Finance
6.500%  PIK, 06/30/27(A)			807		113
Ardagh Metal Packaging Finance USA
4.000%, 09/01/29(A)			975		837
Ardagh Packaging Finance
5.250%, 08/15/27(A)			1,300		738
Ball
6.000%, 06/15/29			675		680
Clydesdale Acquisition Holdings
6.875%, 01/15/30(A)			275		277
Clydesdale Acquisition Holdings
8.750%, 04/15/30(A)			1,575		1,592
Mauser Packaging Solutions Holding
7.875%, 04/15/27(A)			450		459
Mauser Packaging Solutions Holding
9.250%, 04/15/27(A)			375		380
OI European Group BV
4.750%, 02/15/30(A)			925		823
Owens-Brockway Glass Container
7.375%, 06/01/32(A)			175		167
Sealed Air
7.250%, 02/15/31(A)			550		567

Description	Face Amount (000)(1)			Value (000)
Sealed Air
6.500%, 07/15/32(A)	$	450	$	451
Trivium Packaging Finance BV
8.500%, 08/15/27(A)		1,400		1,398
Total Packaging				8,482
Paper [0.1%]
Clearwater Paper
4.750%, 08/15/28(A)		575		543
Graphic Packaging International
4.750%, 07/15/27(A)		300		293
Graphic Packaging International
3.500%, 03/15/28(A)		300		280
Total Paper				1,116
Paper & Related Products [0.3%]
LD Celulose International GmbH
7.950%, 01/26/32		1,120		1,123
7.950%, 01/26/32(A)		3,720		3,731
Total Paper & Related Products				4,854
Petroleum & Fuel Products [5.9%]
California Resources
8.250%, 06/15/29(A)		955		968
CITGO Petroleum
7.000%, 06/15/25(A)		530		531
Cosan Overseas
8.250%, 02/05/73		4,540		4,531
Ecopetrol
4.625%, 11/02/31		7,550		6,261
Ecopetrol
8.875%, 01/13/33		1,230		1,253
Ecopetrol
8.375%, 01/19/36		1,080		1,042
Ecopetrol
5.875%, 05/28/45		4,500		3,100
Energean Israel Finance
5.375%, 03/30/28(A)		2,908		2,691
Energy Transfer
7.125%, H15T5Y + 2.829%, 10/01/54(B)		945		958
Geopark
5.500%, 01/17/27		7,780		7,461
Global Partners
8.250%, 01/15/32(A)		515		530
Gulfport Energy Operating
6.750%, 09/01/29(A)		350		352
Hilcorp Energy I
8.375%, 11/01/33(A)		2,024		2,066

CITY NATIONAL ROCHDALE FUNDS | PAGE 13

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)			Value (000)
Hilcorp Energy I
7.250%, 02/15/35(A)	$	550	$	517
Kosmos Energy
7.500%, 03/01/28		405		384
Kosmos Energy
8.750%, 10/01/31(A)		9,870		9,268
Leviathan Bond
6.125%, 06/30/25(A)		1,750		1,737
Leviathan Bond
6.500%, 06/30/27(A)		3,611		3,494
Magnolia Oil & Gas Operating
6.875%, 12/01/32(A)		710		703
Medco Bell Pte
6.375%, 01/30/27		3,285		3,274
Medco Maple Tree Pte
8.960%, 04/27/29(A)		2,800		2,947
New Fortress Energy
6.500%, 09/30/26(A)		785		755
New Fortress Energy
8.750%, 03/15/29(A)		235		200
NFE Financing
12.000%, 11/15/29(A)		400		420
Oro Negro Drilling Pte
0.000%, * (D) (E)		3,683		—
Oro Negro Drilling Pte
7.500%, 12/31/49(A) (C)		23,137		23
PBF Holding
6.000%, 02/15/28		350		336
Petroleos de Venezuela
8.500%, 10/27/20(C)		10,470		9,128
Petroleos de Venezuela
9.750%, 05/17/35(C)		8,689		956
Petroleos del Peru
4.750%, 06/19/32		2,900		2,181
Petroleos del Peru
5.625%, 06/19/47		2,025		1,290
Petroleos Mexicanos
5.950%, 01/28/31		8,590		7,254
Petroleos Mexicanos
10.000%, 02/07/33		2,335		2,425
Prairie Acquiror
9.000%, 08/01/29(A)		950		979
Rockies Express Pipeline
3.600%, 05/15/25(A)		825		816
Rockies Express Pipeline
4.950%, 07/15/29(A)		522		496
Rockies Express Pipeline
7.500%, 07/15/38(A)		1,148		1,140
Seadrill Finance
8.375%, 08/01/30(A)		650		663
Tallgrass Energy Partners
7.375%, 02/15/29(A)		545		547

Description	Face Amount (000)(1)			Value (000)
Talos Production
9.000%, 02/01/29(A)	$	300	$	308
Tengizchevroil Finance International
3.250%, 08/15/30		3,350		2,844
Transocean
8.750%, 02/15/30(A)		531		548
Transocean Aquila
8.000%, 09/30/28(A)		1,008		1,030
Valaris
8.375%, 04/30/30(A)		799		807
Venture Global LNG
9.500%, 02/01/29(A)		1,015		1,122
Vista Energy Argentina SAU
7.625%, 12/10/35(A)		3,700		3,676
Vital Energy
9.750%, 10/15/30		935		986
YPF
9.000%, 02/12/26(F)		1,365		1,381
YPF
6.950%, 07/21/27		4,610		4,511
Total Petroleum & Fuel Products				100,890
Pharmaceuticals [0.2%]
Bausch Health
5.000%, 02/15/29(A)		300		177
Bausch Health
7.250%, 05/30/29(A)		750		476
Emergent BioSolutions
3.875%, 08/15/28(A)		495		405
Grifols
4.750%, 10/15/28(A)		1,100		1,011
Organon
5.125%, 04/30/31(A)		900		809
Organon
6.750%, 05/15/34(A)		1,295		1,286
Total Pharmaceuticals				4,164
Precious Metals [0.0%]
Hecla Mining
7.250%, 02/15/28		333		335
Printing & Publishing [0.1%]
Cimpress
7.375%, 09/15/32(A)		1,015		1,007
Deluxe
8.125%, 09/15/29(A)		505		512
Total Printing & Publishing				1,519

CITY NATIONAL ROCHDALE FUNDS | PAGE 14

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description		Face Amount (000)(1)			Value (000)
Real Estate [0.0%]
Emeria SASU
7.750%, 03/31/28	EUR	$	850	$	795
Real Estate Investment Trusts [0.2%]
Apollo Commercial Real Estate Finance
4.625%, 06/15/29(A)			225		195
Blackstone Mortgage Trust
7.750%, 12/01/29(A)			330		339
Brookfield Property REIT
5.750%, 05/15/26(A)			2,029		2,004
Global Net Lease
3.750%, 12/15/27(A)			535		488
Necessity Retail REIT
4.500%, 09/30/28(A)			1,020		934
Total Real Estate Investment Trusts					3,960
Real Estate Oper/Develop [0.8%]
Country Garden Holdings
5.125%, 01/17/25(C)			2,600		263
Howard Hughes
5.375%, 08/01/28(A)			2,055		1,996
Kaisa Group Holdings
11.700%, 11/11/25(C)			2,021		121
MAF Global Securities
6.375%, H15T5Y + 3.539%, 09/20/73(B)			5,175		5,147
NWD Finance BVI
5.250%, H15T5Y + 7.889%, 12/22/73(B)			1,934		851
Pakuwon Jati
4.875%, 04/29/28			5,600		5,404
Vanke Real Estate Hong Kong, MTN
3.975%, 11/09/27			1,424		710
Total Real Estate Oper/Develop					14,492
Regional Banks-Non US [0.3%]
Emirates NBD Bank PJSC
6.125%, CMTUSD6Y + 3.656%, 09/20/73(B)			4,500		4,493
Restaurants [0.2%]
1011778 BC ULC
6.125%, 06/15/29(A)			225		226
1011778 BC ULC
5.625%, 09/15/29(A)			175		172
1011778 BC ULC
4.000%, 10/15/30(A)			2,025		1,811

Description	Face Amount (000)(1)			Value (000)
KFC Holding
4.750%, 06/01/27(A)	$	975	$	958
Total Restaurants				3,167
Retail [0.8%]
Asbury Automotive Group
4.750%, 03/01/30		230		215
Bath & Body Works
6.750%, 07/01/36		1,120		1,138
BlueLinx Holdings
6.000%, 11/15/29(A)		1,140		1,113
Carvana
13.000% PIK, 06/01/30(A)		953		1,047
Fertitta Entertainment
6.750%, 01/15/30(A)		1,240		1,144
FirstCash
5.625%, 01/01/30(A)		1,089		1,049
FirstCash
6.875%, 03/01/32(A)		2,086		2,095
Foot Locker
4.000%, 10/01/29(A)		975		841
Future Retail
5.600%, 01/22/25(C)		16,200		—
Lithia Motors
4.375%, 01/15/31(A)		1,080		979
Macy's Retail Holdings
6.125%, 03/15/32(A)		316		296
Macy's Retail Holdings
5.125%, 01/15/42		485		364
QVC
4.450%, 02/15/25		1,007		1,000
QVC
6.875%, 04/15/29(A)		1,172		954
QVC
5.450%, 08/15/34		2,155		1,329
Walgreens Boots Alliance
4.500%, 11/18/34		250		190
Total Retail				13,754
Retailers [0.5%]
Academy
6.000%, 11/15/27(A)		1,690		1,681
Asbury Automotive Group
4.625%, 11/15/29(A)		600		559
Asbury Automotive Group
5.000%, 02/15/32(A)		1,625		1,482
Belron UK Finance
5.750%, 10/15/29(A)		200		198
Gap
3.625%, 10/01/29(A)		225		202

CITY NATIONAL ROCHDALE FUNDS | PAGE 15

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)			Value (000)
Gap
3.875%, 10/01/31(A)	$	250	$	216
Group 1 Automotive
6.375%, 01/15/30(A)		855		857
LCM Investments Holdings II
4.875%, 05/01/29(A)		100		93
LCM Investments Holdings II
8.250%, 08/01/31(A)		800		830
Velocity Vehicle Group
8.000%, 06/01/29(A)		1,275		1,326
William Carter
5.625%, 03/15/27(A)		400		396
Total Retailers				7,840
Semi-Conductors [0.0%]
Tunghsu Venus Holdings
7.000%, 06/12/20(C)		4,275		118
Steel & Steel Works [0.5%]
CAP
3.900%, 04/27/31		4,510		3,617
CSN Islands XI
6.750%, 01/28/28		800		746
CSN Resources
4.625%, 06/10/31(A)		5,175		4,018
Total Steel & Steel Works				8,381
Supermarkets [0.1%]
Albertsons
7.500%, 03/15/26(A)		775		778
Albertsons
6.500%, 02/15/28(A)		200		202
Total Supermarkets				980
Technology [2.0%]
Amentum Holdings
7.250%, 08/01/32(A)		2,340		2,358
AthenaHealth Group
6.500%, 02/15/30(A)		2,090		1,986
Capstone Borrower
8.000%, 06/15/30(A)		625		647
Central Parent
7.250%, 06/15/29(A)		975		963
Clarivate Science Holdings
4.875%, 07/01/29(A)		1,175		1,095
Cloud Software Group
6.500%, 03/31/29(A)		2,565		2,517
Cloud Software Group
9.000%, 09/30/29(A)		2,020		2,051

Description	Face Amount (000)(1)			Value (000)
Cloud Software Group
8.250%, 06/30/32(A)	$	225	$	232
Coherent
5.000%, 12/15/29(A)		1,050		1,002
Consensus Cloud Solutions
6.000%, 10/15/26(A)		525		518
Consensus Cloud Solutions
6.500%, 10/15/28(A)		625		620
Elastic
4.125%, 07/15/29(A)		950		881
Ellucian Holdings
6.500%, 12/01/29(A)		175		175
Entegris
4.750%, 04/15/29(A)		350		335
Entegris
5.950%, 06/15/30(A)		1,175		1,166
Fortress Intermediate 3
7.500%, 06/01/31(A)		400		408
GoTo Group
5.500%, 05/01/28(A)		712		422
HealthEquity
4.500%, 10/01/29(A)		1,225		1,148
Insight Enterprises
6.625%, 05/15/32(A)		200		201
Iron Mountain
7.000%, 02/15/29(A)		1,225		1,252
McAfee
7.375%, 02/15/30(A)		1,850		1,797
Millennium Escrow
6.625%, 08/01/26(A)		375		293
NCR Atleos
9.500%, 04/01/29(A)		250		271
NCR Voyix
5.125%, 04/15/29(A)		575		550
Open Text
3.875%, 02/15/28(A)		1,125		1,055
Rocket Software
6.500%, 02/15/29(A)		1,450		1,365
Seagate HDD Cayman
9.625%, 12/01/32		826		931
Sensata Technologies BV
4.000%, 04/15/29(A)		600		551
Sensata Technologies BV
5.875%, 09/01/30(A)		275		268
SS&C Technologies
5.500%, 09/30/27(A)		1,550		1,535
Synaptics
4.000%, 06/15/29(A)		1,100		1,003
TTM Technologies
4.000%, 03/01/29(A)		625		580
UKG
6.875%, 02/01/31(A)		1,300		1,319

CITY NATIONAL ROCHDALE FUNDS | PAGE 16

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description		Face Amount (000)(1)			Value (000)
Viavi Solutions
3.750%, 10/01/29(A)		$	325	$	293
Zebra Technologies
6.500%, 06/01/32(A)			200		203
ZipRecruiter
5.000%, 01/15/30(A)			1,825		1,644
Total Technology					33,635
Telecommunications [0.1%]
Altice France
8.125%, 02/01/27(A)			1,060		860
Altice France
3.375%, 01/15/28	EUR		100		78
Altice France
4.000%, 07/15/29	EUR		500		391
Total Telecommunications					1,329
Telephones & Telecommunications [3.2%]
Africell Holding
10.500%, 10/23/29(A)			7,540		7,436
Axian Telecom
7.375%, 02/16/27			1,600		1,599
7.375%, 02/16/27(A)			8,545		8,540
C&W Senior Finance
6.875%, 09/15/27			4,603		4,549
Connect Finco SARL
9.000%, 09/15/29(A)			2,145		1,954
CT Trust
5.125%, 02/03/32(A)			3,195		2,859
Digicel
6.750%, 03/01/23(A) (C)			4,800		96
Eutelsat
1.500%, 10/13/28	EUR		300		231
Frontier Communications Holdings
5.875%, 10/15/27(A)			965		962
Iliad Holding SASU
8.500%, 04/15/31(A)			1,025		1,090
Level 3 Financing
10.500%, 05/15/30(A)			875		953
Level 3 Financing
10.750%, 12/15/30(A)			875		976
Liberty Costa Rica Senior Secured Finance
10.875%, 01/15/31(A)			2,400		2,561
Liquid Telecommunications Financing
5.500%, 09/04/26			1,218		964
Millicom International Cellular
4.500%, 04/27/31			3,485		3,054

Description		Face Amount (000)(1)			Value (000)
Network i2i
5.650%, H15T5Y + 4.274%, 04/15/73(B)		$	2,700	$	2,693
Sable International Finance
7.125%, 10/15/32(A)			2,700		2,634
Telecom Argentina
8.000%, 07/18/26			2,887		2,893
Telecom Argentina
9.500%, 07/18/31(A)			2,275		2,335
VEON Holdings BV, MTN
4.000%, 04/09/25			3,600		3,554
VEON Holdings BV, MTN
3.375%, 11/25/27			1,750		1,541
Vmed O2 UK Financing I
3.250%, 01/31/31	EUR		400		388
Vmed O2 UK Financing I
7.750%, 04/15/32(A)			525		529
Total Telephones & Telecommunications					54,391
Textile-Products [0.0%]
Golden Legacy Pte. Ltd.
6.875%, 03/27/24(C) (D)			15,640		354
Prime Bloom Holdings
6.950%, 07/05/22			16,500		198
Total Textile-Products					552
Transportation & Logistics [0.1%]
Rumo Luxembourg Sarl
5.250%, 01/10/28			1,180		1,145
Transportation Services [1.0%]
Adani International Container Terminal Pvt
3.000%, 02/16/31			4,648		3,823
Georgian Railway JSC
4.000%, 06/17/28			4,050		3,536
Mersin Uluslararasi Liman Isletmeciligi
8.250%, 11/15/28(A)			4,160		4,310
Rumo Luxembourg Sarl
4.200%, 01/18/32			2,945		2,468
Sabre GLBL
11.250%, 12/15/27(A)			885		953
Sabre GLBL
10.750%, 11/15/29(A)			413		426
Stena International
7.250%, 01/15/31(A)			200		204
Viking Cruises
9.125%, 07/15/31(A)			1,096		1,178

CITY NATIONAL ROCHDALE FUNDS | PAGE 17

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)			Value (000)
Watco
7.125%, 08/01/32(A)	$	350	$	361
Total Transportation Services				17,259
Transport-Equip and Leasng [0.1%]
Fortress Transportation and Infrastructure Investors
7.875%, 12/01/30(A)		975		1,026
Fortress Transportation and Infrastructure Investors
7.000%, 05/01/31(A)		165		168
Total Transport-Equip and Leasng				1,194
Utility - Electric [0.4%]
Calpine
4.500%, 02/15/28(A)		925		887
Calpine
5.125%, 03/15/28(A)		325		315
NextEra Energy Operating Partners
4.500%, 09/15/27(A)		225		215
NextEra Energy Operating Partners
7.250%, 01/15/29(A)		500		511
NRG Energy
6.000%, 02/01/33(A)		425		412
NRG Energy
6.250%, 11/01/34(A)		500		491
TerraForm Power Operating
5.000%, 01/31/28(A)		1,125		1,084
TransAlta
7.750%, 11/15/29		100		104
Vistra Operations
5.500%, 09/01/26(A)		1,000		997
Vistra Operations
5.625%, 02/15/27(A)		325		323
Vistra Operations
7.750%, 10/15/31(A)		1,545		1,621
Total Utility - Electric				6,960
Water [0.1%]
Aegea Finance Sarl
6.750%, 05/20/29(A)		2,450		2,379
Total Corporate Bonds
Cost ($953,631)				839,559

Description	Face Amount (000)(1)			Value (000)
Loan Participations [19.0%]
Aerospace and Defense  [0.6%]
American Airlines, Inc., 2020 Term Loan, 1st Lien
6.454%, LIBOR + 1.750%, 01/29/27	$	283	$	282
Cobham Ultra SeniorCo S.a r.l., Facility B (USD), 1st Lien
9.245%, CME Term SOFR + 3.750%, 08/03/29(B)		1,666		1,658
HDI Aerosapce, Term Loan, 1st Lien
0.000%, 09/19/31(G)		1,300		1,303
KBR, Term Loan B, 1st Lien
6.573%, 01/19/31		1,060		1,061
Peraton Corp., Term B Loan, 1st Lien
8.207%, CME Term SOFR + 3.750%, 02/01/28(B)		1,734		1,610
Peraton Corp., Term B-1 Loan, 2nd Lien
12.364%, CME Term SOFR + 7.750%, 02/01/29(B)		333		268
Spirit Aerosystems, Inc. (fka Mid-Western Aircraft Systems, Inc and Onex Wind Finance LP.), 2022 Refinancing Term Loan
7.472%, CME Term SOFR + 4.500%, 04/01/28(B)		1,216		982
Spirit Aerosystems, Inc., 2022 Refinancing Term Loan, 1st Lien
9.085%, CME Term SOFR + 4.250%, 11/08/27(B)		715		720
TransDigm Inc., Tranche K Term Loan, 1st Lien
7.079%, CME Term SOFR + 2.750%, 03/22/30(B)		928		931
TransDigm Inc., Tranche L Term Loan, 1st Lien
6.829%, CME Term SOFR + 2.500%, 01/19/32(B)		1,045		1,047
Total Aerospace and Defense				9,862
Agriculture  [0.0%]
AGCO Grain & Protein, Term Loan B, 1st Lien
9.573%, 10/08/31		305		307
Automobile  [0.1%]
Clarios Global LP, Amendment No. 5 Euro Term Loan, 1st Lien
6.056%, Euribor + 3.000%, 07/16/31(B)		1,177		1,219

CITY NATIONAL ROCHDALE FUNDS | PAGE 18

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)		Value (000)
CWGS Group, LLC, Initial Term Loan, 1st Lien
6.971%, CME Term SOFR + 2.500%, 06/03/28(B)	$	569	$	556
Total Automobile				1,775
Banking  [0.1%]
Nexus Buyer LLC, Amendment No. 7 Refinancing Term Loan, 1st Lien
8.357%, CME Term SOFR + 4.000%, 07/31/31(B)		1,298		1,301
Beverage, Food & Tobacco  [0.0%]
Golden State Foods, Term Loan B, 1st Lien
8.774%, 10/07/31		370		373
John Bean Technologies, Term Loan B, 1st Lien
0.000%, 10/09/31(G)		305		306
Total Beverage, Food & Tobacco				679
Beverage, Food and Tobacco  [0.2%]
Aspire Bakeries Holdings LLC, Initial Term Loan, 1st Lien
8.607%, CME Term SOFR + 4.250%, 12/23/30(B)		506		510
Biscuit Holding SAS, Facility B, 1st Lien
7.162%, EURIBOR + 4.000%, 02/12/27(B)		1,000		981
Froneri International Limited, Facility B3, 1st Lien
5.556%, Euribor + 2.500%, 09/30/31(B)		1,000		1,034
Peralta Inversiones Globales, S.L.U., Facility B, 1st Lien
7.676%, Euribor + 4.000%, 07/18/31(B)		1,000		1,040
Total Beverage, Food and Tobacco				3,565
Broadcasting & Cable  [0.1%]
Cable One Inc, Term Loan, 1st Lien
7.445%, 05/03/28		990		970
Broadcasting and Entertainment  [0.9%]
Allen Media, LLC, Initial Term Loan (2021), 1st Lien
9.979%, CME Term SOFR + 5.500%, 02/10/27(B)		635		412

Description	Face Amount (000)(1)		Value (000)
Altice Financing S.A., 2022 Refinancing Dollar Commitments, 1st Lien
9.656%, CME Term SOFR + 5.000%, 10/31/27(B)	$	1,786	$	1,485
Altice France S.A., EUR TLB-[14] Loan, 1st Lien
8.679%, EURIBOR + 5.500%, 08/15/28(B)		978		821
Altice France S.A., USD TLB-[14] Loan, 1st Lien
10.156%, CME Term SOFR + 5.500%, 08/15/28(B)		1,892		1,513
Charter Communications Operating, LLC, Term B-4 Loan, 1st Lien
6.593%, 12/07/30		1,158		1,154
Charter Communications Operating, LLC, Term B-5 Loan, 1st Lien
6.781%, 11/21/31		970		967
CSC Holdings, LLC, September 2019 Initial Term Loan, 1st Lien
7.173%, Syn LIBOR + 2.500%, 04/15/27(B)		124		114
DIRECTV Financing, LLC, 2024 Refinancing Term B Loan, 1st Lien
10.097%, CME Term SOFR + 5.250%, 08/02/29(B)		614		603
E.W. Scripps Company, The, Tranche B-2 Term Loan, 1st Lien
7.034%, CME Term SOFR + 2.563%, 05/01/26(B)		529		512
Gray Television, Cov-Lite Term Loan D, 1st Lien
7.667%, 12/01/28		1,980		1,825
Sinclair Television Group, Inc., Tranche B-2b Term Loan, 1st Lien
6.971%, CME Term SOFR + 2.500%, 09/30/26(B)		119		117
Univision Communications Inc., Tem Loan, 1st Lien
8.187%, 01/31/29		623		624
Virgin Media Bristol LLC, Facility Q, 1st Lien
7.762%, CME Term SOFR + 3.250%, 01/31/29(B)		1,825		1,813
Virgin Media Bristol LLC, Facility Y, 1st Lien
7.724%, CME Term SOFR + 3.175%, 03/31/31(B)		200		198

CITY NATIONAL ROCHDALE FUNDS | PAGE 19

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)		Value (000)
Virgin Media Ireland Limited, Facility B1, 1st Lien
6.477%, EURIBOR + 3.500%, 07/15/29(B)	$	2,000	$	2,045
Ziggo Financing Partnership, Term Loan I Facility, 1st Lien
7.224%, LIBOR + 2.500%, 04/30/28(B)		1,085		1,079
Total Broadcasting and Entertainment				15,282
Buildings and Real Estate  [0.6%]
Amentum Holdings, Inc., Initial Term Loan, 1st Lien
6.607%, CME Term SOFR + 2.250%, 09/29/31(B)		985		981
Blackstone Mortgage Trust, Inc., Term B-5 Loan, 1st Lien
8.227%, CME Term SOFR + 3.750%, 12/10/28(B)		520		522
8.227%, CME Term SOFR + 3.750%, 12/10/28(B)		250		251
Construction Partners, Inc., Closing Date Loan, 1st Lien
6.838%, CME Term SOFR + 2.500%, 11/03/31(B)		420		421
Crown Subsea Communications Holding, Inc., 2024 Term Loan, 1st Lien
8.573%, CME Term SOFR + 4.000%, 01/30/31(B)		1,097		1,113
Delachaux Group SAS, 2024 Incremental Facility, 1st Lien
6.556%, Euribor + 3.500%, 04/16/29(B)		922		960
Forest City Enterprises, L.P., Replacement Term Loan, 1st Lien
7.959%, CME Term SOFR + 3.500%, 12/08/25(B)		1,160		1,135
Mannington Mills, Inc., Tranche B-1 Loan, 1st Lien
8.615%, CME Term SOFR + 3.750%, 08/06/26(B)		861		859
Oscar AcquisitionCo, LLC, Term B Loan, 1st Lien
8.495%, CME Term SOFR + 4.250%, 04/29/29(B)		1,279		1,263
Pique Bidco, S.L.U., Facility B3, 1st Lien
6.613%, Euribor + 3.750%, 12/18/30(B)		1,000		1,038

Description	Face Amount (000)(1)		Value (000)
Platea (BC) Bidco AB, DDTL Facility, 1st Lien
4.000%, UNFND + 4.000%, 04/03/31(B)	$	167	$	173
Platea (BC) Bidco AB, Facility B, 1st Lien
6.715%, Euribor + 4.500%, 02/21/31(B)		833		867
Smyrna Ready Mix Concrete, LLC, 2023 Refinancing Term Loan, 1st Lien
7.857%, CME Term SOFR + 3.500%, 04/02/29(B)		408		412
Trulite Holding Corp., Initial Term Loans, 1st Lien
10.593%, CME Term SOFR + 6.000%, 03/01/30(B)		1,035		1,030
Total Buildings and Real Estate				11,025
Business Equipment & Services  [0.0%]
Emerald X, Inc., Initial Term Loan
9.673%, 06/02/26(B)		593		595
Cargo Transport  [0.4%]
AIT Worldwide Logistics Holdings, Inc., Fifth Amendment Extended Term Loan, 1st Lien
9.278%, CME Term SOFR + 4.750%, 04/08/30(B)		370		372
Boluda Towage, S.L.U., Facility B3, 1st Lien
6.412%, Euribor + 3.500%, 01/31/30(B)		1,000		1,041
Dynasty Acquisition Co., Inc., Initial Term B-1 Loan, 1st Lien
6.607%, CME Term SOFR + 2.250%, 10/31/31(B)		576		578
Dynasty Acquisition Co., Inc., Initial Term B-2 Loan, 1st Lien
6.607%, CME Term SOFR + 2.250%, 10/31/31(B)		219		220
GN Loanco, LLC, Term B Loan, 1st Lien
9.085%, CME Term SOFR + 4.500%, 12/19/30(B)		768		771
Radar Bidco SARL, Facility B2 (EUR), 1st Lien
6.988%, Euribor + 3.750%, 04/04/31(B)		1,000		1,038

CITY NATIONAL ROCHDALE FUNDS | PAGE 20

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)		Value (000)
Ramudden Global (Group) GmbH, Facility B3, 1st Lien
7.095%, Euribor + 4.250%, 12/10/29(B)	$	1,000	$	1,036
Rand Parent, LLC, Term B Loan, 1st Lien
8.079%, CME Term SOFR + 3.750%, 03/17/30(B)		1,335		1,341
Rubix Group Finco Limited, Extended Facility B Additional Facility, 1st Lien
7.302%, Euribor + 4.000%, 09/29/28(B)		1,000		1,037
Total Cargo Transport				7,434
Chemicals  [0.0%]
Styrolution, Term Loan, 1st Lien
6.071%, 01/22/27		120		118
Chemicals, Plastics and Rubber  [0.9%]
ARC Falcon I Inc., Initial Term Loan, 1st Lien
8.173%, LIBOR + 3.750%, 09/22/28(B)		1,943		1,952
Ascend Performance Materials Operations LLC, 2021 Refinancing Term Loan, 1st Lien
9.095%, CME Term SOFR + 4.750%, 08/27/26(B)		860		730
Chemours Company, The, Tranche B-3 US$ Term Loan, 1st Lien
7.357%, CME Term SOFR + 3.000%, 08/18/28(B)		447		448
Herens Holdco S.a r.l., Facility B (EUR), 1st Lien
6.608%, Euribor + 3.925%, 07/03/28(B)		1,000		1,015
Hexion Holdings Corporation, Initial Term Loan, 2nd Lien
11.895%, CME Term SOFR + 7.438%, 03/15/30(B)		607		573
Hexion, Term Loan B, 1st Lien
8.447%, 03/15/29		881		880
ILPEA Parent Inc., Term Loan, 1st Lien
8.360%, CME Term SOFR + 4.000%, 06/22/28(B)		340		339
INEOS Enterprises Holdings US Finco LLC, 2030 Tranche B Euro Term Loan, 1st Lien
6.912%, Euribor + 4.000%, 07/08/30(B)		1,000		1,037

Description	Face Amount (000)(1)			Value (000)
INEOS Enterprises Holdings US Finco LLC, Term Loan B, 1st Lien
0.000%, 02/07/31(G)	$	1,491	$	1,502
INEOS Finance PLC, Term Loan, 1st Lien
6.042%, 02/07/31		1,000		1,025
Ineos Quattro Holdings UK Limited, 2029 Tranche B Dollar Term Loan, 1st Lien
8.707%, CME Term SOFR + 4.250%, 04/02/29(B)		516		519
Ineos Quattro Holdings UK Limited, 2031 Tranche B Dollar Term Loan, 1st Lien
8.823%, 10/01/31		110		111
Ineos US Finance LLC, 2030 Dollar Term Loan, 1st Lien
7.607%, CME Term SOFR + 3.250%, 02/18/30(B)		795		798
Ineos US Finance LLC, 2031-II Euro Term Loan, 1st Lien
6.363%, Euribor + 3.500%, 06/23/31(B)		1,000		1,036
Rain Carbon, Term Loan, 1st Lien
0.000%, 10/31/28(G)		1,000		1,031
Sirona Bidco, Term Loan, 1st Lien
7.363%, 10/20/28		1,000		869
Trinseo Materials Operating S.C.A., 2021 Incremental Term Loan, 1st Lien
7.276%, CME Term SOFR + 2.500%, 05/03/28(B)		740		485
Tronox Finance, Term Loan B
0.000%, 04/04/29(G)		718		719
Windsor Holdings III, LLC, 2024 September Euro Term B Loan, 1st Lien
6.295%, Euribor + 3.500%, 08/01/30(B)		1,000		1,038
Total Chemicals, Plastics and Rubber				16,107
Consumer Durables  [0.1%]
Justrite (Safety Products) Term Loan B
9.173%, 06/28/26		798		798
Safety Products, Delayed Term Loan, 1st Lien
0.000%, 06/29/26(G)		200		200
Total Consumer Durables				998

CITY NATIONAL ROCHDALE FUNDS | PAGE 21

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)			Value (000)
Consumer Products  [0.1%]
Stiga SPA, Term Loan B-1, 1st Lien
7.444%, 03/02/26	$	2,584	$	2,462
Containers, Packaging and Glass  [0.1%]
Kleopatra Finco S.a r.l., Facility B (EUR), 1st Lien
8.126%, EURIBOR + 4.725%, 02/12/26(B)		1,000		943
Pregis TopCo LLC, Initial Term Loan, 1st Lien
8.357%, CME Term SOFR + 4.000%, 07/31/26(B)		740		744
Trident TPI Holdings, Inc., Tranche B-7 Initial Term Loan, 1st Lien
8.188%, CME Term SOFR + 3.750%, 09/15/28(B)		420		423
Total Containers, Packaging and Glass				2,110
Diversified Natural Resources, Precious Metals and Minerals  [0.1%]
Domtar Corporation, Initial Term Loan, 1st Lien
10.187%, LIBOR + 5.500%, 11/30/28(B)		385		379
Glatfelter Corporation, Term Loan, 1st Lien
8.764%, CME Term SOFR + 4.250%, 11/04/31(B)		545		546
Mativ Holdings, Inc., Term B Loan, 1st Lien
8.221%, CME Term SOFR + 3.750%, 04/20/28(B)		443		439
Total Diversified Natural Resources, Precious Metals and Minerals				1,364
Diversified/Conglomerate Manufacturing  [0.1%]
Dedalus Finance GmbH, Senior Facility B2, 1st Lien
7.370%, EURIBOR + 3.750%, 07/17/27(B)		1,000		1,019
Pegasus BidCo B.V., 2024-2 Euro Term Loan, 1st Lien
6.523%, Euribor + 3.500%, 07/12/29(B)		1,000		1,040
Total Diversified/Conglomerate Manufacturing				2,059

Description	Face Amount (000)(1)			Value (000)
Diversified/Conglomerate Service  [0.9%]
Apex Group Treasury Limited, EUR Term Loan, 1st Lien
7.032%, EURIBOR + 4.000%, 07/27/28(B)	$	1,000	$	1,036
Apex Group Treasury Limited, USD Term Loan, 1st Lien
8.963%, CME Term SOFR + 3.750%, 07/27/28(B)		662		668
Boost Newco Borrower, LLC, USD Term B-1 Loan, 1st Lien
6.829%, CME Term SOFR + 2.500%, 01/31/31(B)		600		602
Cengage Learning, Inc., 2024 Refinancing Term Loan, 1st Lien
8.014%, CME Term SOFR + 3.500%, 03/24/31(B)		587		589
CTEC III GmbH, Facility B, 1st Lien
6.412%, EURIBOR + 3.500%, 03/16/29(B)		1,160		1,198
Ensono, Inc., Initial Term Loan, 1st Lien
8.471%, CME Term SOFR + 4.000%, 05/26/28(B)		885		884
Inspired Finco Holdings Limited, Facility B5(A), 1st Lien
6.863%, Euribor + 4.000%, 02/28/31(B)		1,000		1,042
Leia Finco US LLC, Initial Term Loan, 1st Lien
7.887%, CME Term SOFR + 3.250%, 10/09/31(B)		1,005		1,003
M2S Group Intermediate Holdings, Inc., Initial Term Loan, 1st Lien
9.089%, CME Term SOFR + 4.750%, 08/25/31(B)		664		640
Mermaid Bidco Inc., Facility B (USD), 1st Lien
7.804%, CME Term SOFR + 3.250%, 07/03/31(B)		1,018		1,022
MPH Acquisition Holdings LLC, Initial Term Loan, 1st Lien
9.026%, CME Term SOFR + 4.250%, 09/01/28(B)		366		310
Physician Partners, LLC, Initial Term Loan, 1st Lien
8.735%, CME Term SOFR + 4.000%, 12/23/28(B)		902		364
TMS International Corporation, Term B-6 Loan, 1st Lien
8.335%, CME Term SOFR + 3.750%, 03/02/30(B)		418		421

CITY NATIONAL ROCHDALE FUNDS | PAGE 22

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)			Value (000)
TRC Companies LLC, Initial Term Loan, 1st Lien
7.971%, CME Term SOFR + 3.500%, 12/08/28(B)	$	737	$	743
Unique BidCo AB, Facility B Loan, 1st Lien
8.096%, EURIBOR + 5.250%, 03/16/29(B)		1,000		957
Venga Finance S.a r.l., 2024 Incremental Dollar Term Loan, 1st Lien
9.026%, CME Term SOFR + 4.250%, 06/28/29(B)		1,626		1,632
Vestis Corporation , Term B-1 Loan, 1st Lien
6.764%, CME Term SOFR + 2.250%, 02/22/31(B)		1,278		1,279
ZF Invest, Senior Facility B, 1st Lien
6.659%, EURIBOR + 3.475%, 07/12/28(B)		1,000		1,032
Total Diversified/Conglomerate Service				15,422
Ecological  [0.1%]
Consolidated Energy Finance S.A., 2024 Incremental Term Loan, 1st Lien
9.014%, CME Term SOFR + 4.500%, 11/15/30(B)		1,097		1,064
GFL Environmental Inc., 2024 Refinancing Term Loan, 1st Lien
6.610%, CME Term SOFR + 2.000%, 07/03/31(B)		439		439
Total Ecological				1,503
Education  [0.0%]
Nord Anglia, Incremental Cov-Lite Term Loan B, 1st Lien
0.000%, 12/05/31(G)		25		25
Electronics  [1.1%]
Adeia Inc., Amendment No.3 Replacement Term Loan, 1st Lien
7.370%, CME Term SOFR + 3.000%, 06/08/28(B)		887		888
AI Silk Midco Limited, Facility B, 1st Lien
8.101%, Euribor + 4.750%, 03/04/31(B)		1,500		1,549

Description	Face Amount (000)(1)			Value (000)
Aretec Group, Inc. (fka RCS Capital Corporation), Term B-3 Loan, 1st Lien
7.857%, CME Term SOFR + 3.500%, 08/09/30(B)	$	2,371	$	2,373
Boxer Parent Company Inc., 2031 New Dollar Term Loan, 1st Lien
8.335%, CME Term SOFR + 3.750%, 07/30/31(B)		790		796
CACI International Inc, Tranche B Term Loan, 1st Lien
6.303%, CME Term SOFR + 1.750%, 10/30/31(B)		395		395
Cloud Software Group, Inc., Seventh Amendment Tranche B-1 Term Loan, 1st Lien
7.829%, CME Term SOFR + 3.500%, 03/30/29(B)		1,412		1,414
Cloud Software Group, Inc., Sixth Amendment Term Loan, 1st Lien
8.079%, CME Term SOFR + 3.750%, 03/21/31(B)		465		466
Evercommerce Solutions Inc., Term Loan, 1st Lien
6.971%, CME Term SOFR + 2.500%, 07/06/28(B)		905		910
Gen Digital Inc., Tranche B-1 Term Loan, 1st Lien
6.107%, CME Term SOFR + 1.750%, 09/12/29(B)		500		498
Idemia Group S.A.S., Facility B5 (EUR), 1st Lien
6.683%, Euribor + 4.000%, 09/30/28(B)		1,500		1,560
Inmar, Inc., Initial Term Loan, 1st Lien
9.514%, CME Term SOFR + 5.000%, 10/30/31(B)		409		410
McAfee, Term Loan B, 1st Lien
7.370%, 03/01/29		679		678
MH Sub I, LLC (Micro Holding Corp.), 2023 May Incremental Term Loan, 1st Lien
8.823%, CME Term SOFR + 4.250%, 05/03/28(B)		394		394
Nobel Bidco B.V., Facility B, 1st Lien
6.626%, EURIBOR + 3.500%, 06/09/28(B)		1,000		1,030
Open Text Corporation, 2023 Replacement Term Loan, 1st Lien
6.107%, CME Term SOFR + 1.750%, 01/31/30(B)		989		989

CITY NATIONAL ROCHDALE FUNDS | PAGE 23

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)			Value (000)
Perforce Software, Inc., New Term Loan, 1st Lien
8.207%, CME Term SOFR + 3.750%, 07/01/26(B)	$	642	$	632
Rackspace Finance, LLC, Term B Loan, 1st Lien
7.347%, CME Term SOFR + 2.750%, 05/15/28(B)		1,317		758
Sabre GLBL Inc., 2022 Other Term B Loan, 1st Lien
8.707%, CME Term SOFR + 4.250%, 06/30/28(B)		265		257
Sabre GLBL Inc., 2022 Term B-2 Loan, 1st Lien
9.457%, CME Term SOFR + 5.000%, 06/30/28(B)		821		798
SS&C Technologies Holdings, Inc., Term B-8 Loan, 1st Lien
6.357%, CME Term SOFR + 2.000%, 05/09/31(B)		468		469
UPC Financing Partnership , Facility AX, 1st Lien
7.649%, CME Term SOFR + 3.000%, 01/31/29(B)		608		611
Victra Holdings, LLC, Third Amendment Incremental Term Loan, 1st Lien
9.607%, CME Term SOFR + 5.250%, 03/31/29(B)		597		604
Total Electronics				18,479
Energy  [0.1%]
Arclight, Term Loan B, 1st Lien
7.090%, 04/13/28		992		993
Chart Industries, Term Loan B, 1st Lien
7.092%, 03/15/30		530		532
Total Energy				1,525
Finance (including structured products)  [1.3%]
Advisor Group/Osaic, Term Loan B
8.089%, 08/17/28		1,446		1,451
Blackhawk Network Holdings, Inc., Additional Term B-1 Loan, 1st Lien
9.573%, CME Term SOFR + 5.000%, 03/12/29(B)		594		600

Description	Face Amount (000)(1)			Value (000)
Citadel Securities LP, 2024-1 Term Loan, 1st Lien
6.329%, CME Term SOFR + 2.000%, 10/31/31(B)	$	1,021	$	1,023
Clover Holdings, Term Loan B, 1st Lien
8.428%, 11/01/31		580		586
CPPIB OVM Member U.S. LLC, Initial Term Loan, 1st Lien
7.579%, CME Term SOFR + 3.250%, 08/20/31(B)		539		542
DRW Holdings, LLC, 2024 Refinancing Term Loan, 1st Lien
8.588%, CME Term SOFR + 3.500%, 06/26/31(B)		1,910		1,908
Dynamo Midco B.V., Facility B (USD), 1st Lien
8.245%, CME Term SOFR + 4.000%, 09/30/31(B)		305		308
EG Finco PLC, Term Loan, 1st Lien
0.000%, 08/04/31(G)		1,000		1,034
EG Finco, Term Loan, 1st Lien
0.000%, 02/07/28(G)		1,408		1,459
EIG Management Company, LLC, Term Loan B, 1st Lien
9.356%, CME Term SOFR + 5.000%, 05/17/29(B)		672		672
HighTower Holding, LLC, Amendment No. 7 Term Loan, 1st Lien
8.071%, CME Term SOFR + 3.500%, 04/21/28(B)		867		870
Hudson River Trading LLC, Term B-1 Loan, 1st Lien
7.483%, CME Term SOFR + 3.000%, 03/18/30(B)		784		786
Hunterstown Generation, LLC, Term Loan, 1st Lien
7.829%, CME Term SOFR + 3.500%, 11/06/31(B)		475		478
Jane Street Group, LLC, Seventh Amendment Extended Term Loan, 1st Lien
6.395%, CME Term SOFR + 2.000%, 12/15/31(B)		730		727
Jefferies Finance LLC, Initial Term Loan, 1st Lien
7.356%, CME Term SOFR + 3.000%, 10/21/31(B)		555		557
LendingTree, Inc., Initial Term B Loan, 1st Lien
8.688%, CME Term SOFR + 3.750%, 08/25/28(B)		1,071		1,066

CITY NATIONAL ROCHDALE FUNDS | PAGE 24

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)			Value (000)
Modena Buyer LLC, Initial Term Loan, 1st Lien
8.857%, CME Term SOFR + 4.500%, 07/01/31(B)	$	590	$	570
Quirch Foods Holdings, LLC, 2022-1 Incremental Term Loan, 1st Lien
9.637%, CME Term SOFR + 5.000%, 10/27/27(B)		962		895
Red Planet Borrower, LLC, Initial Term Loan, 1st Lien
7.957%, CME Term SOFR + 3.500%, 10/02/28(B)		985		967
Ren10 Holdings, Term Loan, 1st Lien
6.629%, 07/31/30		1,000		1,037
Russell Investments US Institutional Holdco, Inc., 2027 Term Loan, 1st Lien
9.585%, CME Term SOFR + 5.000%, 05/30/27(B)		1,213		1,154
Tate & Lyle, Term Loan B
0.000%, 04/01/29(G)		924		925
TIC Bidco Ltd, Term Loan, 1st Lien
6.865%, 06/19/31		887		921
0.000%, 06/19/31(G)		113		117
Tidal Waste, Term Loan B, 1st Lien
8.073%, 10/03/31		430		432
VFH Parent LLC, Term B-1 Loan, 1st Lien
7.107%, CME Term SOFR + 2.750%, 06/21/31(B)		684		686
Villa Dutch Bidco B.V., Additional Facility B2, 1st Lien
8.518%, Euribor + 5.250%, 11/03/29(B)		1,500		1,478
Total Finance (including structured products)				23,249
Financial Services  [0.3%]
Fleetcor/Corpay, Term Loan B, 1st Lien
6.323%, 04/28/28		958		956
FNZ Group, Term Loan B, 1st Lien
9.554%, 11/05/31		650		633
Neon Maple Purchaser Inc., Tranche B-1 Term Loan, 1st Lien
7.444%, CME Term SOFR + 3.000%, 11/17/31(B)		1,530		1,531
Polystorm Bidco, Term Loan, 1st Lien
6.715%, 10/05/28		1,000		1,035

Description		Face Amount (000)(1)			Value (000)
Synechron, Term Loan B, 1st Lien
8.360%, 09/26/31		$	460	$	463
Total Financial Services					4,618
Financials  [0.6%]
Altisource Term Loan B (2018)
9.704%, 04/30/25			642		286
Autokiniton Group, Tem Loan
8.687%, 04/06/28			1,307		1,297
Bellis Acquisition Company, Term Loan B, 1st Lien
7.092%, 05/14/31			1,000		1,010
First Eagle, Extended Cov-Lite Term Loan B, 1st Lien
7.604%, 03/05/29			1,022		1,023
Franklin Square, Term Loan B, 1st Lien
6.823%, 04/17/31			851		855
Priority Payment, Term Loan B, 1st Lien
9.323%, 05/07/31			1,157		1,158
Shilton Bidco, Term Loan, 1st Lien
7.345%, 01/13/30			1,000		1,037
Superannuation and Investments, Term Loan, 1st Lien
8.222%, 12/01/28			759		762
Trevise Holding, Term Loan, 1st Lien
6.745%, 07/09/29			1,000		1,040
WSH Investments, Term Loan, 1st Lien
9.707%, 05/16/31			1,000		1,255
Zara UK Midco LTD, Term Loan
9.313%, 08/01/28			845		732
Total Financials					10,455
Food, Beverage and Tobacco  [0.1%]
United Petfood, Term Loan, 1st Lien
5.822%, 03/19/28			1,000		1,037
Gaming  [0.1%]
Scientific Games, Term Loan, 1st Lien
6.988%, 02/04/29			1,000		1,035
Government  [0.1%]
Japan Paris Club, Term Loan, 1st Lien
0.000%, 01/10/28(D) (G)	JPY		183,333		921

CITY NATIONAL ROCHDALE FUNDS | PAGE 25

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description		Face Amount (000)(1)			Value (000)
Healthcare  [0.6%]
Alloheim Term Loan B
8.155%, 02/26/25	EUR	$	1,500	$	1,546
Chrome Bidco, Facility B, 1st Lien
6.677%, EURIBOR + 3.250%, 05/12/28(B)			1,500		1,340
Envalior Finance GmbH, Facility B1 (EUR)
8.556%, 03/28/30			1,000		1,018
Gesundheits GmbH Term Loan
6.863%, 07/30/26	EUR		2,000		1,285
Inovie Group, Term Loan, 1st Lien
7.345%, 03/03/28			1,000		971
Mediq BV, Term Loan, 1st Lien
6.719%, 03/03/28			1,000		1,019
Regional Care, Term Loan B, 1st Lien
8.406%, 05/16/31			599		601
Sunrise Bidco, Term Loan, 1st Lien
6.869%, 07/27/28			1,000		1,000
Takecare Bidco, Term Loan, 1st Lien
6.562%, 12/03/31			1,000		1,037
Total Healthcare					9,817
Healthcare, Education and Childcare  [0.8%]
AHP Health Partners, Inc., 2024 Term B Loan, 1st Lien
7.107%, CME Term SOFR + 2.750%, 08/24/28(B)			615		620
Amneal Pharmaceuticals LLC, Initial Term Loan, 1st Lien
9.857%, CME Term SOFR + 5.500%, 05/04/28(B)			894		917
Auris Luxembourg III S.a r.l., Facility B5, 1st Lien
6.694%, Euribor + 4.000%, 02/28/29(B)			1,000		1,036
Bach Finance Limited, Existing Dollar Term Loan, 1st Lien
8.514%, CME Term SOFR + 4.000%, 01/31/28(B)			660		665
BVI Medical, Inc., Term B Loan, 1st Lien
6.500%, Euribor + 3.500%, 03/02/26(B)			1,000		976
Cheplapharm Arzneimittel GmbH, Facility B, 1st Lien
7.179%, EURIBOR + 4.000%, 02/22/29(B)			2,000		1,985
Elsan SAS , Facility B5, 1st Lien
6.006%, EURIBOR + 3.350%, 06/16/28(B)			1,000		1,034

Description	Face Amount (000)(1)			Value (000)
HAH Group Holding Company LLC, Initial Term Loan, 1st Lien
9.357%, CME Term SOFR + 5.000%, 09/24/31(B)	$	520	$	519
Homevi, Term Loan, 1st Lien
8.056%, 10/31/29		1,500		1,550
Houghton Mifflin Harcourt Company, Term B Loan, 1st Lien
9.707%, CME Term SOFR + 5.250%, 04/09/29(B)		930		914
Loire UK Midco 3 Limited, Facility B (EUR), 1st Lien
2.750%, EURIBOR + 2.750%, 01/22/27		1,000		1,030
McGraw-Hill, Term Loan B, 1st Lien
8.604%, 08/01/31		337		340
Medical Solutions Holdings, Inc., Initial Term Loan, 1st Lien
8.185%, CME Term SOFR + 3.500%, 11/01/28(B)		896		629
Soliant Lower Intermediate, LLC, Initial Term Loan, 1st Lien
8.107%, CME Term SOFR + 3.750%, 07/18/31(B)		670		663
Team Health Holdings, Inc., Extended Term Loan, 1st Lien
9.835%, CME Term SOFR + 5.250%, 03/02/27(B)		964		930
Total Healthcare, Education and Childcare				13,808
Home and Office Furnishings, Housewares and Durable Consumer Products  [0.0%]
ACProducts Holdings, Inc., Initial Term Loan, 1st Lien
8.840%, CME Term SOFR + 4.250%, 05/17/28(B)		507		409
Homebuilders/Materials/Construction  [0.1%]
LSF10 XL Bidco S.C.A., Facility B4, 1st Lien
6.890%, EURIBOR + 3.925%, 04/12/28(B)		965		944
Hotels, Motels, Inns and Gaming  [0.5%]
Allwyn Entertainment Financing (US) LLC, Term Loan B, 1st Lien
6.908%, CME Term SOFR + 2.250%, 06/02/31(B)		1,045		1,052
Amaya/Flutter, Term Lon B, 1st Lien
6.079%, 11/30/30		260		259

CITY NATIONAL ROCHDALE FUNDS | PAGE 26

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)			Value (000)
Caesars Entertainment, Inc., 2023 Incremental Term B Loan, 1st Lien
6.607%, CME Term SOFR + 2.250%, 02/06/30(B)	$	584	$	584
GBT US III LLC, Restatement Date Term Loan, 1st Lien
7.626%, CME Term SOFR + 3.000%, 07/25/31(B)		430		432
Golden Entertainment, Inc., 2023 Refinancing Term B-1 Facility Loan, 1st Lien
6.607%, CME Term SOFR + 2.250%, 05/26/30(B)		1,442		1,439
HNVR Holdco Limited, Facility D2, 1st Lien
7.047%, Euribor + 4.000%, 09/12/27(B)		1,000		1,039
IGT Holding IV AB, B4 Incremental Facility, 1st Lien
6.433%, Euribor + 3.750%, 08/29/31(B)		1,000		1,037
Light and Wonder International, Inc., Term B-2 Loan, 1st Lien
6.632%, CME Term SOFR + 2.250%, 04/14/29(B)		499		500
Ontario Gaming GTA Limited Partnership, Term B Loan, 1st Lien
8.579%, CME Term SOFR + 4.250%, 08/01/30(B)		765		766
Playa Resorts Holding B.V., 2022 Term Loan, 1st Lien
7.107%, CME Term SOFR + 2.750%, 01/05/29(B)		1,007		1,007
TripAdvisor, Inc., Initial Term B Loan, 1st Lien
7.107%, CME Term SOFR + 2.750%, 07/08/31(B)		563		566
Total Hotels, Motels, Inns and Gaming				8,681
Industrial Services  [0.1%]
Indicor LLC, Term Loan, 1st Lien
6.183%, 11/22/29		985		1,022
Kidde Global, Term Loan B, 1st Lien
8.803%, 10/10/31		525		523
Optimus Bidco, Term Loan, 1st Lien
8.345%, 12/31/28		1,000		1,006
Total Industrial Services				2,551
Industrials  [0.3%]
American Traffic, Term Loan B
6.823%, 03/24/28		429		431

Description	Face Amount (000)(1)			Value (000)
Barnes Group, Term Loan
7.073%, 09/03/30	$	829	$	829
Boels Topholding, Term Loan, 1st Lien
6.040%, 05/15/31		1,500		1,562
Euroports, Term Loan, 1st Lien
8.634%, 06/12/29		1,000		1,038
Umami Bidco, Term Loan, 1st Lien
0.000%, 10/23/31(G)		1,000		1,036
Total Industrials				4,896
Information Technology  [0.1%]
Cornerstone Generation, Tem Loan B, 1st Lien
0.000%, 10/28/31(G)		535		539
Sitel Worldwide, Cov-Lite Term Loan, 1st Lien
8.437%, 07/28/28		982		656
Total Information Technology				1,195
Infrastructure  [0.1%]
Modulair Group, Term Loan, 1st Lien
7.520%, 12/15/28		2,000		2,060
WhiteWater Whistler, Term Loan B, 1st Lien
0.000%, 02/15/30(G)		415		416
Total Infrastructure				2,476
Insurance  [0.5%]
Acrisure, Cov-Lite Term Loan
0.000%, 11/06/30(G)		2,095		2,094
Albion Development, Term Loan, 1st Lien
7.500%, 08/17/29		1,500		1,562
Asurion, LLC, New B-11 Term Loan, 1st Lien
8.707%, CME Term SOFR + 4.250%, 08/19/28(B)		1,285		1,286
Asurion, LLC, New B-12 Term Loan, 1st Lien
8.607%, CME Term SOFR + 4.250%, 09/19/30(B)		1,227		1,223
Asurion, LLC, New B-4 Term Loan, 2nd Lien
9.721%, CME Term SOFR + 5.250%, 01/20/29(B)		1,500		1,444

CITY NATIONAL ROCHDALE FUNDS | PAGE 27

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)			Value (000)
Goosehead Insurance Holdings LLC, Term Loan, 1st Lien
0.000%, 12/11/31(G)	$	210	$	211
Total Insurance				7,820
IT Services  [0.0%]
Team Services, Incremental Term Loan B, 1st Lien
9.823%, 12/20/27		605		606
Leisure, Amusement, Motion Pictures, Entertainment  [0.1%]
Herschend Entertainment Company, LLC, Initial Term Loan (2021), 1st Lien
7.357%, CME Term SOFR + 3.000%, 08/27/28(B)		714		716
LA Fitness, Term Loan B, 1st Lien
9.923%, 02/05/29		526		529
Recess Holdings, Inc., Amendment No. 3 Term Loan, 1st Lien
9.085%, CME Term SOFR + 4.500%, 02/20/30(B)		312		314
Total Leisure, Amusement, Motion Pictures, Entertainment				1,559
Machinery (Non-Agriculture, Non-Construction and Non-Electronic)  [0.4%]
Alliance Laundry Systems LLC, Initial Term B Loan, 1st Lien
7.837%, CME Term SOFR + 3.500%, 08/19/31(B)		550		553
ChampionX Corporation, Term B-1 Loan, 1st Lien
7.423%, CME Term SOFR + 3.250%, 05/13/29(B)		914		915
EMRLD Borrower LP, Second Amendment Incremental Term Loan, 1st Lien
6.829%, CME Term SOFR + 2.500%, 08/04/31(B)		420		421
INNIO Group Holding GmbH, Facility B (EUR) Loan , 1st Lien
6.955%, Euribor + 3.750%, 11/02/28(B)		1,000		1,038
MKS Instruments, Inc., 2024-1 Dollar Term B Loan, 1st Lien
6.589%, CME Term SOFR + 2.250%, 08/17/29(B)		1,526		1,529

Description		Face Amount (000)(1)			Value (000)
MKS Instruments, Inc., 2024-1 Euro Term B Loan, 1st Lien
5.596%, Euribor + 2.750%, 08/17/29(B)		$	730	$	758
Triton Water Holdings, Inc., 2024 Incremental Term Loan, 1st Lien
8.329%, CME Term SOFR + 4.000%, 03/31/28(B)			785		791
Triton Water Holdings, Inc., Initial Term Loan, 1st Lien
7.840%, CME Term SOFR + 3.250%, 03/31/28(B)			1,338		1,347
Total Machinery (Non-Agriculture, Non-Construction and Non-Electronic)					7,352
Manufacturing  [0.2%]
Allegro Microsystems, Term Loan B, 1st Lien
6.823%, 10/31/30			661		664
Crown Equipment Corp, Term Loan B, 1st Lien
6.944%, 10/02/31			450		452
Foley Products, Term Loan, 1st Lien
9.504%, 12/29/28			655		661
Tarkett Facility, Term Loan, 1st Lien
0.000%, 04/21/28(G)			1,000		1,036
Vermaat Lien1
6.473%, 12/04/26	EUR		1,000		1,031
Total Manufacturing					3,844
Manufacturing/Machinery/Industrial  [0.2%]
Ammeraal Beltech, Term Loan, 1st Lien
8.345%, 12/29/28			1,326		1,376
Bakelite US Holdco, Term Loan B, 1st Lien
8.087%, 12/16/31			1,005		998
Platin2025 Acquisition S.a r.l., Facility B, 1st Lien
6.381%, EURIBOR + 3.900%, 11/19/28(B)			1,000		1,036
Total Manufacturing/Machinery/Industrial					3,410
Media  [0.1%]
Thryv/Dex Media, Term Loan B, 1st Lien
11.323%, 05/01/29			174		177

CITY NATIONAL ROCHDALE FUNDS | PAGE 28

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description		Face Amount (000)(1)		Value (000)
Zephyr Midco, Term Loan, 1st Lien
10.205%, 07/20/28		$	1,000	$	1,254
Total Media					1,431
Medical Devices  [0.0%]
Insulet, Term Loan B, 1st Lien
7.073%, 08/04/31			448		450
Mining, Steel, Iron and Nonprecious Metals  [0.1%]
Arsenal AIC Parent LLC, 2024-A Refinancing Term B Loan, 1st Lien
7.607%, CME Term SOFR + 3.250%, 08/18/30(B)			545		549
NWR Holdings B.V., Super Senior Term Facility, 1st Lien
14.500%, 12/31/49	EUR		1,011		—
Oxbow Carbon LLC, Tranche B Term Loan (2023), 1st Lien
7.857%, CME Term SOFR + 3.500%, 05/10/30(B)			1,004		1,000
Total Mining, Steel, Iron and Nonprecious Metals					1,549
Oil and Gas  [0.6%]
Brazos/Bison Midstream, Term Loan B, 1st Lien
8.255%, 02/11/30			847		852
CDR Firefly, Term Loan, 1st Lien
9.963%, 04/28/29			1,500		1,873
EMG Utica, Term Loan B, 1st Lien
0.000%, 10/24/29(G)			485		487
Epic Crude Services, LP, Term Loan, 1st Lien
7.656%, CME Term SOFR + 3.000%, 10/15/31(B)			305		307
Fortress Investment, Term Loan B
6.823%, 06/27/29			652		654
Minerals Tech, Term Loan B, 1st Lien
6.589%, 11/21/31			520		521
New Fortress Energy Inc., Initial Term Loan, 1st Lien
9.585%, CME Term SOFR + 5.000%, 10/30/28(B)			1,439		1,373
NGL Energy Operating LLC, Initial Term Loan, 1st Lien
8.107%, CME Term SOFR + 3.750%, 02/03/31(B)			490		491

Description	Face Amount (000)(1)		Value (000)
NGP XI Midstream Holdings, L.L.C., Initial Term Loan, 1st Lien
8.329%, CME Term SOFR + 4.000%, 07/25/31(B)	$	440	$	443
Par Pacific Patroleum, Term Loan
8.334%, 02/28/30		1,189		1,185
Rockpoint Gas Storage Partners LP, Initial Term Loan, 1st Lien
7.985%, CME Term SOFR + 3.500%, 09/18/31(B)		460		463
Ultra Clean, Cov-Lite Term Loan B
7.823%, 02/28/28		1,771		1,783
Total Oil and Gas				10,432
Other  [0.2%]
Assytec, Term Loan, 1st Lien
8.162%, 09/28/27		1,000		981
Catnat Game, Term Loan, 1st Lien
0.000%, 12/16/31(G)		390		391
IVC EUR, Term Loan, 1st Lien
7.602%, 11/17/28		1,500		1,558
Tackle Sarl, Term Loan, 1st Lien
6.910%, 05/22/28		1,000		1,035
Total Other				3,965
Personal and Non-Durable Consumer Products (Manufacturing Only)  [0.1%]
ABG Intermediate Holdings 2 LLC, 2024 Refinancing Term Loan, 1st Lien
6.616%, CME Term SOFR + 2.250%, 12/21/28(B)		760		762
Breitling Holdings S.a r.l., Facility B, 1st Lien
6.477%, EURIBOR + 3.900%, 10/25/28(B)		1,000		1,020
Total Personal and Non-Durable Consumer Products (Manufacturing Only)				1,782
Personal Transportation  [0.1%]
AAdvantage Loyality IP Ltd. (American Airlines, Inc.), Initial Term Loan, 1st Lien
9.629%, CME Term SOFR + 4.750%, 04/20/28(B)		1,294		1,326

CITY NATIONAL ROCHDALE FUNDS | PAGE 29

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)		Value (000)
Personal, Food and Miscellaneous Services  [0.1%]
Pax Midco Spain, S.L.U., Facility B2, 1st Lien
7.642%, Euribor + 5.000%, 12/31/29(B)	$	1,100	$	1,140
Petroleum & Fuel Products  [0.0%]
Prarie Acquiror LP, Term Loan, 1st Lien
8.616%, 08/01/29		672		676
Pharmaceuticals  [0.4%]
Financiere Verdi I SAS, 1st Lien
9.452%, 03/31/28		1,000		1,137
Nidda Healthcare Holding GmbH, Term Loan, 1st Lien
7.006%, 02/21/30		2,000		2,080
Organon, Cov-Lite Term Loan, 1st Lien
0.000%, 05/19/31(G)		1,005		1,006
Pharmanovia Bidco, Term Loan, 1st Lien
7.162%, 02/07/30		1,500		1,523
Stamina BidCo B.V., Facility B, 1st Lien
7.208%, EURIBOR + 4.000%, 11/02/28(B)		722		751
Total Pharmaceuticals				6,497
Printing & Publishing  [0.0%]
Cimpress, Term Loan B
0.000%, 05/17/28(G)		448		449
Printing, Publishing and Broadcasting  [0.4%]
Digital Media Solutions, LLC, DIP Term Loan, 1st Lien
5.609%, 12/10/25		186		186
Digital Media Solutions, LLC, Initial Term Loan, 1st Lien
15.472%, CME Term SOFR + 11.000%, 05/25/26(B)		623		62
Digital Media Solutions, LLC, Tranche A Term Loan, 1st Lien
12.471%, CME Term SOFR + 8.000%, 02/25/26(B)		139		139
Digital Media Solutions, LLC, Tranche B Term Loan, 1st Lien
15.471%, CME Term SOFR + 11.000%, 05/25/26(B)		183		137

Description		Face Amount (000)(1)		Value (000)
Dun & Bradstreet, Term Loan B
6.588%, 01/18/29		$	409	$	409
LABL, Inc., Initial Euro Term Loan, 1st Lien
7.863%, EURIBOR + 5.000%, 10/29/28(B)			960		932
Magnite, Term Loan B, 1st Lien
8.107%, 02/06/31			611		618
Neptune BidCo US Inc., Dollar Term B Loan, 1st Lien
9.758%, CME Term SOFR + 5.000%, 04/11/29(B)			768		688
Neptune BidCo US Inc., Euro Term B Loan, 1st Lien
8.223%, EURIBOR + 5.000%, 04/11/29(B)			985		972
Neptune BidCo US Inc., Term A Loan, 1st Lien
9.508%, CME Term SOFR + 4.750%, 10/11/28(B)			576		515
Neptune BidCo US Inc., Term Loan, 2nd Lien
14.508%, CME Term SOFR + 9.750%, 10/11/29(B)			1,060		1,060
Summer (BC) Bidco B LLC, Extended Facility B (USD), 1st Lien
9.589%, CME Term SOFR + 5.000%, 02/15/29(B)			786		790
Total Printing, Publishing and Broadcasting					6,508
Publishing and Media-other  [0.1%]
S4 Capital Lux, Term Loan, 1st Lien
6.613%, 07/31/28			1,000		941
Real Estate  [0.0%]
Starwood Property, Term Loan B, 1st Lien
0.000%, 12/12/29(G)			865		862
Retail (non-food/drug)  [0.1%]
AL AS Adventure, Term Loan, 1st Lien
8.652%, 04/24/26			1,000		1,018
THG Operations Holdings Limited, Facility B, 1st Lien
8.251%, 12/10/26	EUR		1,000		1,019
Total Retail (non-food/drug)					2,037

CITY NATIONAL ROCHDALE FUNDS | PAGE 30

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)		Value (000)
Retail Stores  [0.5%]
Aragorn Parent Corporation, 2023 Replacement Term Loan, 1st Lien
8.339%, CME Term SOFR + 4.000%, 12/15/28(B)	$	347	$	348
Belfor Holdings Inc., Initial Tranche B-1 Term Loan, 1st Lien
8.107%, CME Term SOFR + 3.750%, 11/01/30(B)		1,398		1,412
Evergreen Acqco 1 LP, Initial Term Loan, 1st Lien
8.077%, CME Term SOFR + 3.750%, 04/26/28(B)		318		318
Joann Stores, Exit Term Loan
14.104%, 04/30/28		327		245
Mister Car Wash Holdings, Inc., 2024 Term Loan, 1st Lien
7.089%, CME Term SOFR + 2.750%, 03/27/31(B)		564		566
Peer Holding III B.V., Additional Facility (USD) 2, 1st Lien
7.329%, CME Term SOFR + 3.000%, 07/01/31(B)		915		919
Peer Holding III, Term Loan, 1st Lien
6.595%, 11/14/31		2,000		2,081
Platform Bidco Limites, Term Loan, 1st Lien
6.912%, 09/29/28		1,000		1,024
Restoration Hardware, Inc., Cov-Lite Term Loan B-2, 1st Lien
0.000%, 10/20/28(G)		200		199
Restoration Hardware, Inc., Initial Term Loan, 1st Lien
6.971%, CME Term SOFR + 2.500%, 10/20/28(B)		499		493
West Marine, Term Loan C
12.893%, 09/25/28		25		17
WH Borrower, LLC, Initial Term Loan, 1st Lien
10.147%, CME Term SOFR + 5.500%, 02/15/27(B)		597		600
Total Retail Stores				8,222
Services  [0.4%]
American Public Education, Term Loan B, 1st Lien
10.187%, 03/29/27		739		730
Devry Education, Term Loan B, 1st Lien
7.323%, 08/12/28		580		583

Description	Face Amount (000)(1)		Value (000)
Eagle Bidco Limited, Term Loan, 1st Lien
9.233%, 03/10/28	$	1,182	$	1,473
Invent Farma, Term Loan, 1st Lien
5.692%, 02/12/28		1,000		1,035
Kronosnet, Term Loan, 1st Lien
8.704%, 07/28/29		1,000		790
Oravel Stays, Term Loan, 1st Lien
0.000%, 12/20/29(G)		880		854
Sitel Group, Term Loan, 1st Lien
6.760%, 07/28/28		1,000		712
St. George's University Scholastic Services LLC, Term Loan B, 1st Lien
7.323%, 02/10/29		560		562
Third Coast, Term Loan B, 1st Lien
8.823%, 09/19/30		785		783
Total Services				7,522
Software  [0.1%]
Pop Bidco, Term Loan, 1st Lien
0.000%, 10/11/31(G)		1,000		1,036
Software and Service  [0.5%]
Dye & Durham, Term Loan B, 1st Lien
8.954%, 04/04/31		555		560
Liftoff Mobile, Incrememntal Cov-Lite Term Loan B, 1st Lien
9.607%, 10/02/28		120		120
Maximus, Term Loan B, 1st Lien
6.604%, 05/21/31		248		249
Mercury Data, Term Loan, 1st Lien
0.000%, 09/05/29(G)		6,150		6,119
Nielsen Consults, Term Loan, 1st Lien
7.752%, 03/06/28		998		1,037
Perforce Software, Incremental Term Loan, 1st Lien
9.323%, 03/25/31		504		496
Total Software and Service				8,581
Technology  [0.1%]
Dayforce, Cov-Lite Term Loan B, 1st Lien
7.085%, 02/26/31		343		345
Trace3, Term Loan, 1st Lien
9.115%, 10/06/28		310		309
UST Holdings Ltd, Term Loan, 1st Lien
7.622%, 11/20/28		755		757

CITY NATIONAL ROCHDALE FUNDS | PAGE 31

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)		Value (000)
Virtusa Corporation, Term Loan B-2, 1st Lien
7.823%, 02/15/29	$	625	$	629
Total Technology				2,040
Telecommunications  [1.3%]
AP Core Holdings II, LLC, Term B-2 Loan, 1st Lien
9.971%, CME Term SOFR + 5.500%, 09/01/27(B)		605		586
Atlantic Broadband, Term Loan B, 1st Lien
8.576%, 09/18/30		596		593
Circet Europe, Senior Facility B, 1st Lien
5.965%, EURIBOR + 3.250%, 10/13/28(B)		1,500		1,547
Connect Finco Sarl, Amendment No. 4 Term Loan, 1st Lien
8.857%, CME Term SOFR + 4.500%, 09/27/29(B)		1,133		989
Creation Technologies Inc., Initial Term Loan, 1st Lien
10.351%, CME Term SOFR + 5.500%, 10/05/28(B)		1,390		1,361
Frontdoor, Term Loan B, 1st Lien
6.616%, 12/16/31		315		316
Frontier Communications Holdings, LLC, 2024 Refinancing Term Loan, 1st Lien
8.763%, CME Term SOFR + 3.500%, 07/01/31(B)		800		809
Guardian US Holdco LLC, Initial Term Loan, 1st Lien
8.104%, CME Term SOFR + 4.000%, 01/31/30(B)		151		151
Lumen Technologies Inc., Term B-1 Loan, 1st Lien
6.821%, CME Term SOFR + 2.350%, 04/15/29(B)		486		456
Lumen Technologies, Term Loan B-2, 1st Lien
6.822%, 04/15/30		918		853
Lumen Technologies, Term Loan, 1st Lien
10.573%, 06/01/28		1,326		1,326
Masorange Holdco Limited, Facility B3, 1st Lien
6.152%, Euribor + 3.500%, 03/25/31(B)		2,500		2,598

Description		Face Amount (000)(1)		Value (000)
Masorange Holdco Limited, Facility B4, 1st Lien
7.829%, CME Term SOFR + 3.500%, 03/25/31(B)		$	418	$	421
Radiate Holdco, LLC, Amendment No. 6 Term B Loan, 1st Lien
7.721%, CME Term SOFR + 3.250%, 09/25/26(B)			700		611
Ufinet/Zacapa, Term Loan
8.079%, CME Term SOFR + 3.750%, 03/22/29(B)			2,504		2,516
UPC Broadband Holding B.V., Facility AY, 1st Lien
5.827%, EURIBOR + 3.000%, 01/31/29(B)			429		446
VMED O2 UK Holdco 4 Limited, Facility Z, 1st Lien
6.327%, Euribor + 3.425%, 10/15/31(B)			2,000		2,075
WP/AP Telecom Holdings IV B.V., Facility B Loan, 1st Lien
7.245%, EURIBOR + 4.000%, 11/19/28(B)			2,000		2,081
Zayo Group Holdings, Term Loan, 1st Lien
7.080%, 03/09/27			979		951
Ziggo B.V., Term Loan H Facility, 1st Lien
5.902%, EURIBOR + 3.000%, 01/31/29(B)	EUR		2,000		2,047
Total Telecommunications					22,733
Telephones & Telecommunication  [0.1%]
Vodafone Spain, Term Loan, 1st Lien
9.401%, 07/10/29			1,000		1,005
Transportation, Airlines & Distribution  [0.0%]
Flint Group, Term Loan
5.677%, 12/31/27			467		80
Utilities  [0.6%]
Alpha Generation, LLC, Initial Term B Loan, 1st Lien
7.107%, CME Term SOFR + 2.750%, 09/30/31(B)			539		542
Calpine Construction Finance Company, L.P., Refinancing Term Loan, 1st Lien
6.357%, CME Term SOFR + 2.000%, 07/31/30(B)			462		461

CITY NATIONAL ROCHDALE FUNDS | PAGE 32

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Face Amount (000)(1)		Value (000)
Eastern Power, LLC (Eastern Covert Midco, LLC), Term Loan, 1st Lien
9.607%, CME Term SOFR + 5.250%, 04/03/28(B)	$	984	$	979
Goodnight Water Solutions Holdings, LLC, Initial Term Loan, 1st Lien
9.607%, CME Term SOFR + 5.250%, 06/04/29(B)		1,322		1,323
Invenergy Thermal Operating I LLC, Term B Loan, 1st Lien
9.674%, SOFR + 4.250%, 08/03/29(B)		501		505
Invenergy Thermal Operating I LLC, Term C Loan, 1st Lien
9.674%, SOFR + 4.250%, 08/03/29(B)		48		48
Lackawanna Energy Center LLC, Term B-2 Advance, 1st Lien
8.607%, CME Term SOFR + 4.250%, 08/06/29(B)		725		730
Lackawanna Energy Center LLC, Term C Advance, 1st Lien
8.607%, CME Term SOFR + 4.250%, 08/06/29(B)		158		159
Lightning Power, LLC, Initial Term B Loan, 1st Lien
7.579%, CME Term SOFR + 3.250%, 08/18/31(B)		950		959
Talen Energy Supply, LLC, Incremental Term Loan V, 1st Lien
7.024%, 12/11/31		290		291
Talen Energy Supply, LLC, Initial Term B Loan, 1st Lien
7.023%, CME Term SOFR + 2.500%, 05/17/30(B)		387		388
Vistra Operations Company LLC, 2018 Incremental Term Loan, 1st Lien
6.107%, CME Term SOFR + 1.750%, 12/20/30(B)		455		456
Vistra, Term Loan, 1st Lien
7.095%, 06/18/29		953		992
WaterBridge Midstream Operating LLC, Term Loan B, 1st Lien
9.077%, CME Term SOFR + 4.750%, 06/27/29(B)		1,995		1,984

Description		Face Amount (000)(1)		Value (000)
Waterbridge NDB Operating LLC, Initial Term Loan, 1st Lien
8.522%, CME Term SOFR + 4.000%, 05/10/29(B)		$	620	$	626
Total Utilities					10,443
Total Loan Participations
(Cost $339,488)					327,357
Collateralized Loan Obligations [18.2%]
Non-Agency Mortgage Backed Obligation  [18.2%]
522 Funding CLO, Ser 2021-7A, Cl E
11.108%, TSFR3M + 6.482%, 04/23/34(A) (B)			1,700		1,672
Adagio IX EUR CLO DAC, Ser 2021-A, Cl E
9.501%, EUR003M + 6.020%, 09/15/34(A) (B)	EUR		2,000		2,010
Adagio IX EUR CLO DAC, Ser 2021-X, Cl E
9.501%, EUR003M + 6.020%, 09/15/34(B)	EUR		1,000		1,005
Adagio V CLO DAC, Ser 2018-X, Cl ER
8.334%, EUR003M + 5.150%, 10/15/31(B)	EUR		1,000		999
Anchorage Capital Europe CLO 3 DAC, Ser 2024-3A, Cl FR
11.548%, EUR003M + 8.490%, 10/15/38(A) (B)	EUR		2,000		1,996
Anchorage Capital Europe CLO 8 DAC, Ser 2024-8A, Cl ER
8.683%, EUR003M + 6.000%, 10/25/38(A) (B)	EUR		1,000		1,036
Anchorage Capital Europe CLO DAC, Ser 2021-4X, Cl E
8.796%, EUR003M + 5.710%, 04/25/34(B)	EUR		1,000		1,031
Aqueduct European CLO DAC, Ser 2024-7X, Cl FR
11.296%, EUR003M + 8.410%, 08/15/37(B)	EUR		2,000		2,002
Arbour CLO III DAC, Ser 2021-3X, Cl ERR
9.074%, EUR003M + 5.890%, 07/15/34(B)	EUR		1,250		1,283
ARBOUR CLO IX DAC, Ser 2021-9X, Cl E
8.974%, EUR003M + 5.790%, 04/15/34(B)	EUR		1,300		1,328

CITY NATIONAL ROCHDALE FUNDS | PAGE 33

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description		Face Amount (000)(1)		Value (000)
ARBOUR CLO IX DAC, Ser 2021-9X, Cl F
11.474%, EUR003M + 8.290%, 04/15/34(B)	EUR	$	1,000	$	991
Arbour CLO VII DAC, Ser 2024-7A, Cl FR
8.996%, EUR003M + 8.260%, 12/15/38(A) (B)	EUR		1,000		985
ARBOUR CLO VIII DAC, Ser 2021-8X, Cl FR
11.834%, EUR003M + 8.650%, 10/15/34(B)	EUR		3,500		3,527
Armada Euro CLO III DAC, Ser 2024-3A, Cl ARR
4.534%, EUR003M + 1.350%, 10/15/37(A) (B)	EUR		14,000		14,515
Bain Capital Euro CLO DAC, Ser 2021-2X, Cl E
9.435%, EUR003M + 6.220%, 07/17/34(B)	EUR		1,000		1,004
Barings Euro CLO DAC, Ser 2021-2X, Cl E
9.349%, EUR003M + 6.170%, 10/15/34(B)	EUR		2,374		2,377
Barings Euro CLO DAC, Ser 2022-1X, Cl ERR
9.946%, EUR003M + 6.860%, 07/25/35(B)	EUR		1,220		1,237
Barings Euro CLO DAC, Ser 2022-3X, Cl D
6.672%, EUR003M + 3.600%, 07/27/34(B)	EUR		1,000		1,019
Battalion CLO XIV, Ser 2021-14A, Cl ER
11.739%, TSFR3M + 7.122%, 01/20/35(A) (B)			3,500		3,294
Birch Grove CLO 3, Ser 2021-3A, Cl E
11.859%, TSFR3M + 7.242%, 01/19/35(A) (B)			4,000		3,964
Blackrock European CLO III DAC, Ser 2021-3X, Cl ER
9.349%, EUR003M + 6.130%, 07/19/35(B)	EUR		3,750		3,860
Blackrock European CLO IX DAC, Ser 2019-9X, Cl F
11.806%, EUR003M + 8.920%, 12/15/32(B)	EUR		1,250		1,263
Blackrock European CLO VIII DAC, Ser 2022-8X, Cl ER
9.479%, EUR003M + 6.260%, 01/20/36(B)	EUR		1,350		1,388

Description		Face Amount (000)(1)		Value (000)
Bluemountain Euro CLO DAC, Ser 2021-2X, Cl D
6.284%, EUR003M + 3.100%, 10/15/35(B)	EUR	$	1,150	$	1,194
BNPP AM Euro CLO 2019 DAC, Ser 2019-1X, Cl E
8.831%, EUR003M + 5.630%, 07/22/32(B)	EUR		1,000		1,015
Bosphorus CLO VI DAC, Ser 2021-6X, Cl E
8.805%, EUR003M + 5.800%, 05/25/34(B)	EUR		2,500		2,525
BSL CLO 3, Ser 2021-3A, Cl E
11.829%, TSFR3M + 7.212%, 10/20/34(A) (B)			2,000		1,988
Cairn CLO, Ser 2025-19A, Cl E
%, EUR003M + 6.000%, 04/15/39(A) (B)	EUR		2,000		2,072
Cairn CLO XI DAC, Ser 2019-11X, Cl E
9.954%, EUR003M + 6.770%, 07/15/32(B)	EUR		5,850		6,064
Cairn CLO XII DAC, Ser 2021-12X, Cl AR
4.174%, EUR003M + 0.990%, 07/15/34(B)	EUR		3,400		3,520
Cairn CLO XIII DAC, Ser 2021-13X, Cl E
9.339%, EUR003M + 6.120%, 10/20/33(B)	EUR		1,000		1,030
Cairn CLO XIV DAC, Ser 2021-14X, Cl A
4.072%, EUR003M + 1.000%, 10/29/34(B)	EUR		2,000		2,069
Cairn CLO XIV DAC, Ser 2021-14X, Cl E
9.182%, EUR003M + 6.110%, 10/29/34(B)	EUR		1,000		1,025
Capital Four CLO I DAC, Ser 2019-1X, Cl E
9.654%, EUR003M + 6.470%, 01/15/33(B)	EUR		1,500		1,552
Carlyle Euro CLO DAC, Ser 2021-1X, Cl DR
9.654%, EUR003M + 6.470%, 07/15/34(B)	EUR		1,650		1,700
Carlyle Euro CLO DAC, Ser 2022-3X, Cl C
6.523%, EUR003M + 3.500%, 02/15/35(B)	EUR		1,350		1,359

CITY NATIONAL ROCHDALE FUNDS | PAGE 34

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description		Face Amount (000)(1)		Value (000)
Carlyle Euro CLO DAC, Ser 2022-3X, Cl D
9.483%, EUR003M + 6.460%, 02/15/35(B)	EUR	$	2,700	$	2,732
Carlyle Global Market Strategies Euro CLO DAC, Ser 2018-3X, Cl DR
7.666%, EUR003M + 4.580%, 01/25/32(B)	EUR		2,400		2,413
Carlyle Global Market Strategies Euro CLO DAC, Ser 2020-1X, Cl DR
8.679%, EUR003M + 5.500%, 01/16/33(B)	EUR		2,000		1,999
Carlyle Global Market Strategies Euro CLO DAC, Ser 2022-2X, Cl DRR
9.682%, EUR003M + 6.650%, 11/10/35(B)	EUR		1,450		1,477
Cathedral Lake VI, Ser 2021-6A, Cl E
12.098%, TSFR3M + 7.472%, 04/25/34(A) (B)			1,000		931
Cathedral Lake VIII, Ser 2021-8A, Cl E
12.369%, TSFR3M + 7.752%, 01/20/35(A) (B)			2,000		1,961
Contego CLO VII DAC, Ser 2025-7A, Cl ER
%, EUR003M + 5.960%, 01/23/38(A) (B)	EUR		1,300		1,343
CQS US CLO, Ser 2021-1A, Cl DJ
9.859%, TSFR3M + 5.242%, 01/20/35(A) (B)			300		293
Crown Point CLO 10, Ser 2021-10A, Cl E
11.729%, TSFR3M + 7.112%, 07/20/34(A) (B)			3,500		3,439
CVC Cordatus Loan Fund IV, Ser 2021-4X, Cl FRRR
11.060%, EUR003M + 8.060%, 02/22/34(B)	EUR		615		635
CVC Cordatus Loan Fund XVI DAC, Ser 2019-16X, Cl E
9.543%, EUR003M + 6.700%, 06/17/32(B)	EUR		1,000		1,042
CVC Cordatus Loan Fund XX DAC, Ser 2021-20X, Cl E
8.449%, EUR003M + 5.610%, 06/22/34(B)	EUR		1,000		1,038

Description		Face Amount (000)(1)		Value (000)
CVC Cordatus Loan Fund XXI DAC, Ser 2021-21X, Cl F
11.539%, EUR003M + 8.700%, 09/22/34(B)	EUR	$	1,300	$	1,343
CVC Cordatus Loan Fund XXII DAC, Ser 2021-22X, Cl F
11.666%, EUR003M + 8.780%, 12/15/34(B)	EUR		1,700		1,743
Diameter Capital CLO 2, Ser 2024-2A, Cl DR
10.785%, TSFR3M + 6.150%, 10/15/37(A) (B)			2,200		2,232
Diameter Capital CLO 3, Ser 2022-3A, Cl D
11.456%, TSFR3M + 6.800%, 04/15/37(A) (B)			1,500		1,497
Diameter Capital CLO 5, Ser 2023-5A, Cl D
12.226%, TSFR3M + 7.570%, 10/15/36(A) (B)			2,000		2,055
Dryden 29 Euro CLO 2013 BV, Ser 2018-29X, Cl ERR
7.929%, EUR003M + 4.750%, 07/15/32(B)	EUR		911		929
Dryden 35 EURO CLO 2014 BV, Ser 2020-35X, Cl ER
9.545%, EUR003M + 6.330%, 01/17/33(B)	EUR		4,200		4,278
Dryden 66 Euro CLO 2018 DAC, Ser 2018-66X, Cl E
8.618%, EUR003M + 5.410%, 01/18/32(B)	EUR		1,200		1,203
Dryden 69 Euro CLO 2018 DAC, Ser 2021-69X, Cl ER
9.578%, EUR003M + 6.370%, 10/18/34(B)	EUR		4,700		4,785
Dryden 88 Euro CLO 2020 DAC, Ser 2021-88X, Cl E
9.229%, EUR003M + 6.010%, 07/20/34(B)	EUR		1,700		1,734
Dunedin Park CLO DAC, Ser 2021-1X, Cl FR
11.934%, EUR003M + 8.930%, 11/20/34(B)	EUR		3,500		3,611
Euro-Galaxy III CLO DAC, Ser 2021-3X, Cl FRRR
11.078%, EUR003M + 7.980%, 04/24/34(B)	EUR		500		505
Euro-Galaxy V CLO DAC, Ser 2021-5X, Cl ERR
8.843%, EUR003M + 5.820%, 02/15/34(B)	EUR		1,350		1,403

CITY NATIONAL ROCHDALE FUNDS | PAGE 35

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description		Face Amount (000)(1)		Value (000)
Fair Oaks Loan Funding II DAC, Ser 2021-2X, Cl AR
4.064%, EUR003M + 0.880%, 04/15/34(B)	EUR	$	3,500	$	3,612
Fidelity Grand Harbour CLO DAC, Ser 2019-1X, Cl E
8.896%, EUR003M + 6.010%, 03/15/32(B)	EUR		1,000		1,032
Fidelity Grand Harbour CLO DAC, Ser 2024-1A, Cl AR
4.684%, EUR003M + 1.500%, 04/15/37(A) (B)	EUR		5,000		5,202
Fidelity Grand Harbour CLO DAC, Ser 2024-1A, Cl ER
8.696%, EUR003M + 6.000%, 01/15/38(A) (B)	EUR		1,000		1,036
Franklin Park Place CLO I, Ser 2022-1A, Cl E
12.156%, TSFR3M + 7.500%, 04/14/35(A) (B)			3,160		3,125
Greywolf CLO II, Ser 2021-1A, Cl DRR
11.966%, TSFR3M + 7.310%, 04/15/34(A) (B)			3,000		2,949
Greywolf CLO III, Ser 2020-3RA, Cl DR
11.813%, TSFR3M + 7.182%, 04/22/33(A) (B)			5,000		4,977
Guggenheim CLO, Ser 2023-2A, Cl E
13.896%, TSFR3M + 9.240%, 01/15/35(A) (B)			3,000		2,994
Halseypoint CLO 7, Ser 2023-7A, Cl A
6.867%, TSFR3M + 2.250%, 07/20/36(A) (B)			8,000		8,061
Harriman Park CLO, Ser 2021-1A, Cl ER
11.279%, TSFR3M + 6.662%, 04/20/34(A) (B)			1,300		1,302
Harvest CLO IX DAC, Ser 2017-9X, Cl ER
8.143%, EUR003M + 5.120%, 02/15/30(B)	EUR		1,000		1,036
Harvest CLO XXII DAC, Ser 2019-22X, Cl E
9.294%, EUR003M + 6.110%, 01/15/32(B)	EUR		1,500		1,546
Harvest CLO XXIII DAC, Ser 2020-23X, Cl F
11.529%, EUR003M + 8.310%, 10/20/32(B)	EUR		1,500		1,526

Description		Face Amount (000)(1)		Value (000)
Hayfin Emerald CLO IV DAC, Ser 2021-4X, Cl DR
6.634%, EUR003M + 3.450%, 10/15/34(B)	EUR	$	2,255	$	2,176
Hayfin Emerald CLO VII DAC, Ser 2021-7X, Cl D
6.484%, EUR003M + 3.300%, 04/15/34(B)	EUR		4,729		4,705
Hayfin Emerald CLO VIII DAC, Ser 2021-8X, Cl D
6.715%, EUR003M + 3.500%, 01/17/35(B)	EUR		1,550		1,556
Hayfin US XV, Ser 2024-15A, Cl A1
6.257%, TSFR3M + 1.640%, 04/28/37(A) (B)			1,500		1,511
Henley CLO III DAC, Ser 2021-3X, Cl ER
9.376%, EUR003M + 6.290%, 12/25/35(B)	EUR		1,050		1,100
Henley CLO IV DAC, Ser 2021-4X, Cl A
3.986%, EUR003M + 0.900%, 04/25/34(B)	EUR		2,500		2,583
ICG Euro CLO DAC, Ser 2021-1X, Cl E
9.644%, EUR003M + 6.460%, 10/15/34(B)	EUR		2,000		2,058
ICG Euro CLO DAC, Ser 2021-1X, Cl F
12.004%, EUR003M + 8.820%, 10/15/34(B)	EUR		1,000		1,007
ICG Euro CLO DAC, Ser 2024-1A, Cl ER
9.046%, EUR003M + 6.230%, 02/15/38(A) (B)	EUR		2,000		2,061
Invesco Euro CLO IV DAC, Ser 2020-4X, Cl A
4.114%, EUR003M + 0.930%, 04/15/33(B)	EUR		3,700		3,822
Jamestown CLO XVII, Ser 2021-17A, Cl E
11.978%, TSFR3M + 7.352%, 01/25/35(A) (B)			4,000		4,015
KKR CLO 14, Ser 2018-14, Cl ER
11.068%, TSFR3M + 6.412%, 07/15/31(A) (B)			4,600		4,592
Logiclane I CLO DAC, Ser 2022-1X, Cl A
4.154%, EUR003M + 0.970%, 03/15/35(B)	EUR		5,000		5,127

CITY NATIONAL ROCHDALE FUNDS | PAGE 36

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description		Face Amount (000)(1)		Value (000)
Madison Park Euro Funding XII DAC, Ser 2018-12X, Cl EN
8.379%, EUR003M + 5.200%, 10/15/31(B)	EUR	$	151	$	156
Madison Park Euro Funding XIV DAC, Ser 2021-14X, Cl FR
11.999%, EUR003M + 8.820%, 07/15/32(B)	EUR		1,770		1,850
Madison Park Euro Funding XVI DAC, Ser 2021-16X, Cl E
9.199%, EUR003M + 6.020%, 05/25/34(B)	EUR		1,000		1,021
Madison Park Euro Funding XX DAC, Ser 2024-20A, Cl AR
4.649%, EUR003M + 1.470%, 04/15/38(A) (B)	EUR		5,000		5,190
Man GLG Euro CLO V DAC, Ser 2018-5X, Cl E
8.746%, EUR003M + 5.860%, 12/15/31(B)	EUR		900		920
Man GLG Euro CLO VI DAC, Ser 2020-6X, Cl E
8.569%, EUR003M + 5.390%, 10/15/32(B)	EUR		1,300		1,319
Marble Point CLO XX, Ser 2021-1A, Cl E
11.998%, TSFR3M + 7.372%, 04/23/34(A) (B)			1,000		996
Marble Point CLO XXII, Ser 2021-2A, Cl A
6.088%, TSFR3M + 1.462%, 07/25/34(A) (B)			1,500		1,500
Milford Park CLO, Ser 2022-1A, Cl F
13.937%, TSFR3M + 9.320%, 07/20/35(A) (B)			1,000		1,003
Mountain View Clo XV, Ser 2024-2A, Cl A1R
6.326%, TSFR3M + 1.670%, 07/15/37(A) (B)			4,500		4,535
North Westerly V Leveraged Loan Strategies CLO DAC, Ser 2021-X, Cl FR
11.119%, EUR003M + 7.900%, 07/20/34(B)	EUR		2,000		2,005
Northwoods Capital 20, Ser 2021-20A, Cl ER
12.738%, TSFR3M + 8.112%, 01/25/32(A) (B)			2,438		2,437
Northwoods Capital 21 Euro DAC, Ser 2021-21X, Cl DR
6.451%, EUR003M + 3.250%, 07/22/34(B)	EUR		1,375		1,392

Description		Face Amount (000)(1)		Value (000)
Northwoods Capital 21 Euro DAC, Ser 2021-21X, Cl ER
9.261%, EUR003M + 6.060%, 07/22/34(B)	EUR	$	2,300	$	2,285
Northwoods Capital 21 Euro DAC, Ser 2021-21X, Cl FR
11.831%, EUR003M + 8.630%, 07/22/34(B)	EUR		3,230		2,717
Northwoods Capital 25, Ser 2021-25A, Cl E
12.019%, TSFR3M + 7.402%, 07/20/34(A) (B)			2,000		1,983
Northwoods Capital 27, Ser 2021-27A, Cl E
11.949%, TSFR3M + 7.302%, 10/17/34(A) (B)			1,150		1,109
OAK Hill European Credit Partners V DAC, Ser 2021-5X, Cl DR
6.819%, EUR003M + 3.600%, 01/21/35(B)	EUR		1,350		1,403
OAK Hill European Credit Partners V DAC, Ser 2021-5X, Cl ER
9.589%, EUR003M + 6.370%, 01/21/35(B)	EUR		1,000		1,032
Obra CLO 1, Ser 2024-1A, Cl E
11.173%, TSFR3M + 6.750%, 01/20/38(A) (B)			1,250		1,250
Palmer Square Loan Funding, Ser 2024-3A, Cl DR
10.556%, TSFR3M + 5.900%, 04/15/31(A) (B)			1,600		1,610
Park Blue CLO, Ser 2024-1A, Cl A1R
6.037%, TSFR3M + 1.420%, 10/20/37(A) (B)			7,460		7,501
Pikes Peak CLO 5, Ser 2024-5A, Cl ER
11.444%, TSFR3M + 6.900%, 10/20/37(A) (B)			1,000		1,007
Purple Finance CLO 2 DAC, Ser 2019-2X, Cl E
9.619%, EUR003M + 6.400%, 04/20/32(B)	EUR		2,000		2,077
Rockford Tower Europe CLO DAC, Ser 2021-2X, Cl D
6.548%, EUR003M + 3.450%, 01/24/35(B)	EUR		1,350		1,399
Rockford Tower Europe CLO DAC, Ser 2021-2X, Cl E
9.318%, EUR003M + 6.220%, 01/24/35(B)	EUR		2,500		2,585

CITY NATIONAL ROCHDALE FUNDS | PAGE 37

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description		Face Amount (000)(1)		Value (000)
Rockford Tower Europe CLO DAC, Ser 2021-2X, Cl F
11.998%, EUR003M + 8.900%, 01/24/35(B)	EUR	$	1,000	$	1,026
Sandstone Peak III, Ser 2024-1A, Cl A1
6.256%, TSFR3M + 1.630%, 04/25/37(A) (B)			10,000		10,086
Sculptor CLO XXIX, Ser 2021-29A, Cl D2
9.763%, TSFR3M + 5.132%, 10/22/34(A) (B)			1,675		1,642
Sculptor European CLO II DAC, Ser 2021-2X, Cl DR
6.784%, EUR003M + 3.600%, 04/15/34(B)	EUR		1,000		1,039
Sculptor European CLO II DAC, Ser 2021-2X, Cl ER
9.074%, EUR003M + 5.890%, 04/15/34(B)	EUR		1,100		1,119
Sculptor European CLO VI DAC, Ser 2021-6X, Cl DR
6.584%, EUR003M + 3.400%, 10/15/34(B)	EUR		1,350		1,382
Sculptor European CLO VIII DAC, Ser 2021-8X, Cl E
9.385%, EUR003M + 6.170%, 07/17/34(B)	EUR		1,000		1,041
Segovia European CLO DAC, Ser 2022-3X, Cl ER
9.446%, EUR003M + 6.360%, 01/25/35(B)	EUR		1,000		1,027
St. Paul's CLO VI DAC, Ser 2021-6X, Cl ERR
9.304%, EUR003M + 6.300%, 05/20/34(B)	EUR		1,000		1,019
St. Paul's CLO VII DAC, Ser 2021-7X, Cl ERR
9.328%, EUR003M + 6.120%, 07/18/34(B)	EUR		4,000		4,022
St. Paul's CLO VIII DAC, Ser 2017-8X, Cl E
7.815%, EUR003M + 4.600%, 07/17/30(B)	EUR		2,800		2,882
St. Paul's CLO X DAC, Ser 2021-10X, Cl DR
6.951%, EUR003M + 3.750%, 04/22/35(B)	EUR		250		259
St. Paul's CLO X DAC, Ser 2021-10X, Cl ER
9.561%, EUR003M + 6.360%, 04/22/35(B)	EUR		2,360		2,427

Description		Face Amount (000)(1)/Shares		Value (000)
St. Paul's CLO XII DAC, Ser 2020-12X, Cl E
8.504%, EUR003M + 5.320%, 04/15/33(B)	EUR	$	1,710	$	1,740
Sycamore Tree CLO, Ser 2024-3A, Cl A1R
6.267%, TSFR3M + 1.650%, 04/20/37(A) (B)			7,500		7,553
Tikehau CLO II BV, Ser 2021-2X, Cl ER
9.201%, EUR003M + 6.320%, 09/07/35(B)	EUR		1,000		1,035
Tikehau CLO VI DAC, Ser 2021-6X, Cl E
9.504%, EUR003M + 6.320%, 01/15/35(B)	EUR		1,100		1,137
Toro European CLO 2 DAC, Ser 2021-2X, Cl ERR
9.556%, EUR003M + 6.470%, 07/25/34(B)	EUR		2,000		2,049
Toro European CLO 3 DAC, Ser 2021-3X, Cl ERR
9.479%, EUR003M + 6.300%, 07/15/34(B)	EUR		3,500		3,549
Toro European CLO 6 DAC, Ser 2019-6X, Cl E
9.674%, EUR003M + 6.490%, 01/12/32(B)	EUR		1,207		1,225
Toro European CLO 7 DAC, Ser 2020-7X, Cl E
10.183%, EUR003M + 7.160%, 02/15/34(B)	EUR		2,634		2,732
Trimaran Cavu, Ser 2019-2A, Cl D
11.844%, TSFR3M + 7.212%, 11/26/32(A) (B)			1,750		1,744
Trimaran Cavu, Ser 2021-3A, Cl E
12.264%, TSFR3M + 7.632%, 01/18/35(A) (B)			2,000		2,010
Trimaran Cavu, Ser 2024-1A, Cl ER
11.552%, TSFR3M + 6.920%, 10/22/37(A) (B)			3,000		3,040
10.315%, TSFR3M + 6.000%, 01/20/37(A) (B)			3,060		3,060
Total Collateralized Loan Obligations
Cost ($322,200)					314,358
Non-Listed Business Development Companies [4.5%]
Financials  [4.5%]
Golub Capital BDC 4 (J)			4,418,455		66,277
TCW Direct Lending LLC (J)			12,776,165		12,167
Total Financials					78,444

CITY NATIONAL ROCHDALE FUNDS | PAGE 38

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description		Shares/Face Amount (000)(1)		Value (000)
Total Non-Listed Business Development Companies
(Cost $79,047)				$	78,444
Limited Partnership [3.7%]
Oberland Capital Healthcare Solutions Co-Invest Offshore LP(J)			N/A		3,105
Oberland Capital Healthcare Solutions LP(J)			N/A		6,644
Primary Wave Music IP Fund LP(J)			N/A		53,276
Total Limited Partnership
(Cost $57,468)					63,025
Note [2.8%]
City National Rochdale FIOF Investments (Ireland) Limited (D)(H)			48,014,168		48,581
Total Note
(Cost $229,974)					48,581
Convertible Bonds [1.5%]
Air Transportation [0.2%]
ZTO Express Cayman
1.500%, 09/01/27			3,857		3,813
Automotive [0.0%]
NIO
3.875%, 10/15/29			924		677
Batteries/Battery Sys [0.1%]
L&F
2.500%, 04/26/30			1,500		940
Broadcasting & Cable [0.1%]
Cable One
1.125%, 03/15/28			2,500		2,056
Building & Construction [0.1%]
HTA Group
2.875%, 03/18/27			1,400		1,272
Chemicals [0.4%]
Sasol Financing USA
4.500%, 11/08/27			8,400		7,602
Coal Mining [0.0%]
New World Resources
4.000%cash/8.0000% PIK, 10/07/20(C)	EUR		380		—

Description		Face Amount (000)(1)/Shares		Value (000)
E-Commerce/Products [0.2%]
Alibaba Group Holding
0.500%, 06/01/31(A)		$	1,100	$	1,170
PDD Holdings
0.000%, 12/01/25(E)			1,556		1,491
Total E-Commerce/Products					2,661
E-Commerce/Services [0.1%]
Trip.com Group
0.750%, 06/15/29(A)			656		807
Entertainment & Gaming [0.2%]
Wynn Macau
4.500%, 03/07/29(A)			3,875		3,869
Hotels and Motels [0.1%]
H World Group
3.000%, 05/01/26			1,368		1,440
Total Convertible Bonds
Cost ($26,079)					25,137
Sovereign Debt [0.9%]
Angolan Government International Bond, MTN
8.000%, 11/26/29			3,050		2,727
Argentina Paris Club
2.910%, 05/30/21	CHF		1,522		1,090
El Salvador Government International Bond
8.250%, 04/10/32			3,900		3,948
Ivory Coast Government International Bond
6.125%, 06/15/33			4,400		3,919
Panama Government International Bond
8.000%, 03/01/38			2,650		2,657
Sri Lanka Government International Bond
7.850%, 03/14/29(C)			560		357
7.550%, 03/28/30(C)			424		267
Total Sovereign Debt
Cost ($15,626)					14,965
Common Stock [0.2%]
Broadcasting & Cable  [0.0%]
Digicel Holdings (D)			107,067		120
Consumer Cyclical  [0.1%]
Joann Stores			218,423		218

CITY NATIONAL ROCHDALE FUNDS | PAGE 39

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Description	Shares		Value (000)
TruKid *		232	$	579
Total Consumer Cyclical				797
Diversified Minerals  [0.0%]
New World Resources, Cl A *		44,276,198		—
Financial Services  [0.0%]
A'ayan Leasing & Investment KSCP		976,932		348
Financials  [0.0%]
BCD Acquisition		1,000,000		—
Copper Property CTL Pass Through Trust (D)		3,788		47
Total Financials				47
Health Care  [0.0%]
Novartex (D)		180,000		45
Manufacturing  [0.0%]
Vivarte (D)		6,000		2
Oil, Gas & Consumable Fuels  [0.0%]
Nostrum Oil & Gas *		3,039,550		110
Summit Midstream *		11,456		433
Total Oil, Gas & Consumable Fuels				543
Other  [0.0%]
ESC GCBREGS Corp		4,750,000		—
Latina Offshore		65		—
Total Other				—
Retailers  [0.0%]
Rising Tide Holdings Inc		1,887		4
Toys 'R' Us Property Company I, LLC		23,484		117
Total Retailers				121
Technology  [0.0%]
AS ADV Shares (D)		65,148		324
Lumileds *		4,241		2
Total Technology				326

Description	Shares		Value (000)
Utilities  [0.1%]
Longview Power LLC		64,904	$	779
Total Common Stock
(Cost $4,772)				3,128
Warrant [0.0%]
Altisource
Expires 07/21/25* (I)		4,485		3
Total Warrant
(Cost $–)				3
Short-Term Investment [2.1%]
SEI Daily Income Trust Government Fund, Cl Institutional, 4.390%**		35,939,016		35,939
Total Short-Term Investment
(Cost $35,939)				35,939
Total Investments [101.6%]
(Cost $2,064,224)			$	1,750,496

Percentages are based on net assets of $1,723,179 (000).

*	Non-income producing security.
**	The rate reported is the 7-day effective yield as of December 31, 2024.
(1)	U.S. Dollars unless otherwise indicated.
(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 December 31, 2024, the value of these securities amounted to $696,249 (000), representing 40.4% of the net assets of the Fund.
(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.
(C)	In default on interest payments. Rate shown represents the last coupon rate prior to default.
(D)	Level 3 security in accordance with fair value hierarchy.
(E)	Zero coupon security.
(F)	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.
(G)	Unsettled bank loan, Interest rate not available.
(H)	Issued by a related party.
(I)	Strike Price is unavailable.
(J)	Unfunded Commitments as of December 31, 2024:

CITY NATIONAL ROCHDALE FUNDS | PAGE 40

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

Security	Value		Unfunded Commitments		Redemption Frequency	Redemption Notice (Days)
Golub Capital BDC 4	$	66,276,821		15,848,179	None	None
Oberland Capital Healthcare Solutions Co-Invest Offshore LP		3,104,467		15,481,250	None	None
Oberland Capital Healthcare Solutions LP		6,644,442		10,515,097	None	None
Primary Wave Music IP Fund LP		53,276,332		1,699,014	None	None
TCW Direct Lending LLC		12,167,636		14,067,260	None	None
Total	$	141,469,698	$	57,610,800

CHF — Swiss Franc

Cl — Class

CLO — Collateralized Loan Obligation

CME — Collateralized 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 Corporation

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 — United States Dollar

CITY NATIONAL ROCHDALE FUNDS | PAGE 41

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Fixed Income Opportunities Fund

A list of the open forward foreign currency contracts held by the Fund at December 31, 2024, is as follows:
Counterparty	Settlement Date	Currency to Deliver (000)		Currency to Receive (000)		Unrealized Appreciation (Depreciation) (000)
BNP Paribas	02/21/25	EUR	2,991	USD	3,166	$	61
U.S. Bank	01/24/25	USD	21,853	EUR	20,900		(185	)
U.S. Bank	01/24/25	EUR	215,550	USD	227,752		4,283
U.S. Bank	01/29/25	GBP	7,430	USD	9,347		48
U.S. Bank	01/29/25	USD	15,040	EUR	14,200		(316	)
U.S. Bank	01/29/25	EUR	139,770	USD	147,358		2,424
						$	6,315

A list of the open futures contracts held by the Fund at December 31, 2024, is as follows:
Type of Contract	Number of Contracts	Expiration Date		Notional Amount (000)			Value (000)			Unrealized Depreciation(000)
Long Contracts
U.S. Ultra Long Treasury Bond	34	Mar-2025	$	4,053		$	4,043		$	(10	)
Short Contracts
U.S. 10-Year Treasury Note	(15)	Mar-2025	$	(1,630	)	$	(1,632	)	$	(2	)
			$	2,423		$	2,411		$	(12	)

CNR-QH-002-3000

CITY NATIONAL ROCHDALE FUNDS | PAGE 42

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale Equity Income Fund

Description	Shares		Value (000)
Common Stock [98.9%]
Communication Services  [6.4%]
AT&T		158,100	$	3,600
Interpublic Group of		65,200		1,827
Verizon Communications		70,900		2,835
Total Communication Services				8,262
Consumer Discretionary  [5.7%]
Best Buy		14,700		1,261
Ford Motor		162,400		1,608
Genuine Parts		10,600		1,238
H&R Block		23,600		1,247
Wendy's		53,300		869
Whirlpool		9,700		1,110
Total Consumer Discretionary				7,333
Consumer Staples  [9.9%]
Altria Group		79,200		4,141
Coca-Cola		42,200		2,627
General Mills		31,200		1,990
Kimberly-Clark		9,200		1,206
Philip Morris International		24,800		2,985
Total Consumer Staples				12,949
Energy  [6.4%]
Chevron		20,100		2,911
Valero Energy		7,200		883
Williams		84,500		4,573
Total Energy				8,367
Financials  [28.0%](A)
Brookfield Asset Management, Cl A		28,000		1,517
Cincinnati Financial		21,400		3,075
Citigroup		40,000		2,816
Citizens Financial Group		88,600		3,877
Fidelity National Financial		39,300		2,206
Fifth Third Bancorp		85,900		3,632
Lazard, Cl A		29,400		1,514
MetLife		37,200		3,046
OneMain Holdings, Cl A		28,800		1,501
Principal Financial Group		14,200		1,099
Prudential Financial		5,400		640
Regions Financial		157,800		3,711
Truist Financial		59,500		2,581
Unum Group		25,200		1,841
US Bancorp		68,300		3,267
Total Financials				36,323
Health Care  [3.6%]
AbbVie		11,500		2,044
Merck		9,600		955
Pfizer		61,600		1,634
Total Health Care				4,633
Industrials  [2.0%]
Lockheed Martin		2,700		1,312
Watsco		2,700		1,280
Total Industrials				2,592

Description	Shares		Value (000)
Information Technology  [4.2%]
HP		46,200	$	1,507
IBM		12,200		2,682
Seagate Technology Holdings		13,600		1,174
Total Information Technology				5,363
Materials  [6.4%]
FMC		10,600		515
International Paper		80,600		4,338
LyondellBasell Industries, Cl A		29,300		2,176
Sonoco Products		24,600		1,202
Total Materials				8,231
Utilities  [26.3%](A)
American Electric Power		35,400		3,265
Dominion Energy		45,900		2,472
DTE Energy		20,000		2,415
Duke Energy		30,500		3,286
Entergy		55,500		4,208
Eversource Energy		30,200		1,734
FirstEnergy		70,400		2,801
NiSource		84,500		3,106
Public Service Enterprise Group		36,700		3,101
Sempra		27,500		2,412
WEC Energy Group		29,200		2,746
Xcel Energy		38,600		2,606
Total Utilities				34,152
Total Common Stock
(Cost $96,961)				128,205
Short-Term Investment [0.9%]
SEI Daily Income Trust Government Fund, Cl Institutional, 4.390%**		1,219,715		1,220
Total Short-Term Investment
(Cost $1,220)				1,220
Total Investments [99.8%]
(Cost $98,181)			$	129,425

Percentages are based on net assets of $129,710 (000).

**	The rate reported is the 7-day effective yield as of December 31, 2024.
(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

CNR-QH-002-3000

CITY NATIONAL ROCHDALE FUNDS | PAGE 1

Schedule of Investments

December 31, 2024 (Unaudited)

City National Rochdale U.S. Core Equity Fund

Description	Shares		Value (000)
Common Stock [95.7%]
Communication Services  [10.5%]
Alphabet, Cl A		92,874	$	17,581
Meta Platforms, Cl A		12,678		7,423
T-Mobile US		30,534		6,740
Walt Disney		65,103		7,249
Total Communication Services				38,993
Consumer Discretionary  [10.6%]
Amazon.Com *		70,052		15,369
Home Depot		19,940		7,756
McDonald's		18,991		5,505
Tesla *		21,172		8,550
TJX		18,340		2,216
Total Consumer Discretionary				39,396
Consumer Staples  [5.2%]
Anheuser-Busch InBev ADR		45,845		2,295
Costco Wholesale		8,028		7,356
PepsiCo		27,200		4,136
Procter & Gamble		13,837		2,320
Walmart		37,509		3,389
Total Consumer Staples				19,496
Energy  [2.9%]
EOG Resources		33,725		4,134
ExxonMobil		43,902		4,722
Occidental Petroleum		18,470		913
Schlumberger		26,322		1,009
Total Energy				10,778
Financials  [15.8%]
Bank of America		84,319		3,706
Bank of New York Mellon		28,560		2,194
Berkshire Hathaway, Cl B *		16,671		7,556
Capital One Financial		36,553		6,518
CME Group, Cl A		12,284		2,853
JPMorgan Chase		45,099		10,811
Marsh & McLennan		24,699		5,246
Mastercard, Cl A		14,731		7,757
S&P Global		8,274		4,121
Visa, Cl A		24,173		7,640
Total Financials				58,402
Health Care  [9.3%]
Amgen		16,100		4,196
Eli Lilly		5,984		4,620
HCA Healthcare		3,861		1,159
Novo Nordisk ADR		48,652		4,185
Thermo Fisher Scientific		10,374		5,397
UnitedHealth Group		13,644		6,902
Vertex Pharmaceuticals *		12,196		4,912
Zoetis, Cl A		16,671		2,716
Total Health Care				34,087
Industrials  [8.1%]
Cintas		29,270		5,348
CSX		105,289		3,398
Northrop Grumman		6,844		3,212

Description	Shares		Value (000)
Parker-Hannifin		6,274	$	3,990
Quanta Services		17,658		5,581
Trane Technologies		23,471		8,669
Total Industrials				30,198
Information Technology  [29.7%](A)
Adobe *		11,845		5,267
Apple		108,908		27,273
ASML Holding, Cl G		8,611		5,968
Broadcom		38,080		8,829
KLA		5,396		3,400
Microsoft		61,647		25,984
NVIDIA		184,729		24,807
NXP Semiconductors		11,372		2,364
Roper Technologies		3,071		1,596
Salesforce		14,565		4,870
Total Information Technology				110,358
Materials  [0.7%]
Linde		6,536		2,736
Real Estate  [0.8%]
American Tower		16,934		3,106
Utilities  [2.1%]
American Water Works		19,464		2,423
NextEra Energy		75,072		5,382
Total Utilities				7,805
Total Common Stock
(Cost $176,137)				355,355
Short-Term Investment [4.3%]
SEI Daily Income Trust Government Fund, Cl Institutional, 4.390%**		15,969,399		15,969
Total Short-Term Investment
(Cost $15,969)				15,969
Total Investments [100.0%]
(Cost $192,106)			$	371,324

Percentages are based on net assets of $371,300 (000).

*	Non-income producing security.
**	The rate reported is the 7-day effective yield as of December 31, 2024.
(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

CNR-QH-002-3000

CITY NATIONAL ROCHDALE FUNDS | PAGE 1