Schedule of Investments (unaudited)
August 31, 2026
City National Rochdale Strategic Credit Fund
Type of Security Weightings†:
†Percentages are based on total investments.
| Description | Face Amount (000) | Value (000) | ||||||
| Asset-Backed Securities [91.1%] | ||||||||
| Cayman Islands [72.8%] | ||||||||
| AIMCO CLO Equity, Ser 2021-15A, Cl SUB | ||||||||
| 16.429%, 04/17/38(A)(B) | $ | 10,685 | $ | 4,595 | ||||
| ALM 2020 CLO Equity, Ser 2020-1A, Cl SUB | ||||||||
| 15.372%, 10/15/29(A)(B) | 5,025 | 1 | ||||||
| Apidos CLO Equity, Cl SUB | ||||||||
| 3.194%, 10/18/31(A) | 2,903 | 377 | ||||||
| Apidos CLO XXIV Equity, Ser 2016-24A, Cl SUB | ||||||||
| 0.000%, 10/20/30(A)(B) | 5,500 | 98 | ||||||
| Apidos CLO XXVIII Equity, Ser 2017-28A, Cl SUB | ||||||||
| 11.759%, 10/20/38(A)(B) | 2,000 | 460 | ||||||
| Apidos CLO XXXII Equity, Ser 2019-32A, Cl SUB | ||||||||
| 11.406%, 01/20/33(A)(B) | 4,400 | 2,160 | ||||||
| Apidos CLO XXXV Equity, Ser 2021-35A, Cl SUB | ||||||||
| 0.000%, 04/20/34(A)(B) | 968 | 339 | ||||||
| Ares LXII CLO Equity, Ser 2021-62A, Cl SUB | ||||||||
| 0.000%, 01/25/34(A)(B) | 1,500 | 270 | ||||||
| Barings CLO Equity, Ser 2020-4A, Cl SUB | ||||||||
| 5.718%, 10/20/37(A)(B) | 11,812 | 3,189 | ||||||
| Battalion CLO XVI Equity, Ser 2019-16A, Cl SUB | ||||||||
| 10.772%, 01/20/38(A)(B) | 5,971 | 1,314 | ||||||
| Benefit Street Partners CLO XXXVI Equity, Ser 2024-36A, Cl SUB | ||||||||
| 7.076%, 01/25/38(A)(B) | 6,000 | 3,425 | ||||||
| BlueMountain CLO, Ser 2017-2A, Cl FR | ||||||||
| 12.245%, TSFR3M + 8.512%, 10/22/30(B)(C) | 1,013 | 294 | ||||||
| BlueMountain CLO XXII Equity, Ser 2018-22A, Cl SUB | ||||||||
| 17.397%, 07/15/31(A)(B) | 3,500 | 47 | ||||||
| BlueMountain CLO XXIII Equity, Ser 2018-23A, Cl SUB | ||||||||
| 14.531%, 07/20/37(A)(B) | 9,500 | 1,900 | ||||||
| BlueMountain Fuji US CLO II Equity, Ser 2017-2A, Cl SUB | ||||||||
| 16.194%, 10/20/30(A)(B) | 1,500 | 1 | ||||||
| Description | Face Amount (000) | Value (000) | ||||||
| BlueMountain Fuji US CLO III Equity, Ser 2017-3A, Cl SUB | ||||||||
| 0.000%, 01/15/30(A)(B) | $ | 4,225 | $ | 14 | ||||
| Buckhorn Park CLO Equity, Cl SUB | ||||||||
| 0.000%, 07/18/34(A) | 3,500 | 350 | ||||||
| Carlyle Global Market Strategies CLO Equity, Ser 2014-1A, Cl INC | ||||||||
| 2.485%, 04/17/31(A)(B) | 500 | 1 | ||||||
| Carlyle Global Market Strategies CLO Equity, Ser 2015-1A, Cl SUB | ||||||||
| 33.055%, 07/20/31(A)(B) | 613 | — | ||||||
| Carlyle US CLO Equity, Ser 2017-5A, Cl SUB | ||||||||
| 0.000%, 01/20/30(A)(B) | 13,500 | 121 | ||||||
| Carlyle US CLO Equity, Ser 2018-1A, Cl SUB | ||||||||
| 14.057%, 04/20/31(A)(B) | 600 | 1 | ||||||
| Dryden 40 Senior Loan Fund CLO, Ser 2018-40A, Cl FR | ||||||||
| 11.862%, TSFR3M + 8.122%, 08/15/31(B)(C) | 500 | — | ||||||
| Dryden 64 CLO, Ser 2018-64A, Cl E | ||||||||
| 9.591%, TSFR3M + 5.862%, 04/18/31(B)(C) | 500 | 460 | ||||||
| Dryden 75 CLO Equity, Ser 2019-75A, Cl SUB | ||||||||
| 229.990%, 04/14/34(A)(B) | 2,430 | 316 | ||||||
| Dryden 93 CLO Equity, Ser 2021-93A, Cl SUB | ||||||||
| 6.384%, 01/15/38(A)(B) | 18,963 | 4,361 | ||||||
| Dryden 95 CLO Equity, Ser 2021-95A, Cl SUB | ||||||||
| 13.891%, 08/20/34(A)(B) | 3,250 | 683 | ||||||
| Eaton Vance CLO Equity, Ser 2022-1A, Cl SUB | ||||||||
| 12.779%, 01/20/38(A)(B) | 2,285 | 808 | ||||||
| Elmwood IX CLO Equity, Ser 2021-2A, Cl SUB | ||||||||
| 18.209%, 04/20/38(A)(B) | 11,505 | 5,973 | ||||||
| Elmwood Warehouse | ||||||||
| 0.000%, (A)(D) | 12,600 | 14,461 | ||||||
| Flatiron CLO 25 Equity, Ser 2024-2A, Cl SUB | ||||||||
| 4.578%, 10/17/37(A)(B) | 15,500 | 7,422 | ||||||
| Flatiron CLO 34 Warehouse | ||||||||
| 0.000%, (A)(D) | 450 | 492 | ||||||
| Flatiron RR CLO 30 Equity, Ser 2025-30A, Cl SUB | ||||||||
| 10.827%, 04/15/38(A)(B) | 1,500 | 1,032 | ||||||
| Generate CLO Equity, Ser 2024-16A, Cl SUB | ||||||||
| 2.564%, 07/20/37(A)(B) | 2,500 | 1,125 | ||||||
| Greenwood Park CLO Equity, Ser 2018-1A, Cl SUB | ||||||||
| 8.255%, 04/15/31(A)(B) | 12,075 | 242 | ||||||
CITY NATIONAL ROCHDALE STRATEGIC CREDIT FUND
Schedule of Investments (unaudited)
August 31, 2026
City National Rochdale Strategic Credit Fund
| Description | Face Amount (000) | Value (000) | ||||||
| Greywolf CLO VII Equity, Ser 2018-2A, Cl SUB | ||||||||
| 0.000%, 10/20/31(A)(B) | $ | 3,430 | $ | 858 | ||||
| LCM XV CLO, Ser 2014-15, Cl ER | ||||||||
| 10.491%, TSFR3M + 6.762%, 07/20/30(B)(C) | 3,294 | 2,542 | ||||||
| LCM XXII CLO, Ser 2018-22A, Cl DR | ||||||||
| 9.491%, TSFR3M + 5.762%, 10/20/28(B)(C) | 623 | 432 | ||||||
| LCM XXIII CLO, Ser 2016-23A, Cl D | ||||||||
| 11.041%, TSFR3M + 7.312%, 10/20/29(B)(C) | 393 | 232 | ||||||
| LCM XXV CLO, Ser 2017-25A, Cl E | ||||||||
| 10.391%, TSFR3M + 6.662%, 07/20/30(B)(C) | 769 | 483 | ||||||
| Magnetite XL CLO Equity, Ser 2024-40A, Cl SUB | ||||||||
| 1.153%, 07/15/39(A)(B) | 20,780 | 11,845 | ||||||
| Magnetite XLIX Warehouse | ||||||||
| 0.000%, (A)(D) | 9,600 | 11,086 | ||||||
| Magnetite XVI CLO Equity, Ser 2015-16A, Cl SUB | ||||||||
| 18.604%, 01/18/28(A)(B) | 750 | 5 | ||||||
| Milos CLO Equity, Ser 2017-1A, Cl SUB | ||||||||
| 0.000%, 10/20/30(A) | 3,000 | 7 | ||||||
| Morgan Stanley Eaton Vance CLO Equity, Ser 2021-1A, Cl SUB | ||||||||
| 14.999%, 10/23/37(A)(B) | 18,680 | 4,670 | ||||||
| Morgan Stanley Eaton Vance CLO Equity, Ser 2022-16A, Cl SUB | ||||||||
| 16.745%, 04/15/35(A)(B) | 8,750 | 66 | ||||||
| Neuberger Berman CLO Equity, Ser 2021-42A, Cl SUB | ||||||||
| 13.230%, 07/16/36(A) | 2,000 | 760 | ||||||
| Neuberger Berman Loan Advisers CLO 26 Equity, Ser 2017-26A, Cl INC | ||||||||
| 15.050%, 10/18/38(A)(B) | 1,032 | 268 | ||||||
| Neuberger Berman Loan Advisers CLO 27 Equity, Ser 2018-27A, Cl INC | ||||||||
| 10.982%, 07/15/38(A)(B) | 1,070 | 225 | ||||||
| Neuberger Berman Loan Advisers CLO 40 Equity, Ser 2021-40A, Cl SUB | ||||||||
| 14.593%, 10/16/37(A)(B) | 580 | 203 | ||||||
| Description | Face Amount (000) | Value (000) | ||||||
| Neuberger Berman Loan Advisers CLO 46 Equity, Ser 2021-46A, Cl SUB | ||||||||
| 13.194%, 01/20/37(A)(B) | $ | 9,250 | $ | 3,330 | ||||
| Niagara Park CLO Equity, Ser 2019-1A, Cl SUB | ||||||||
| 1.032%, 01/17/38(A)(B) | 750 | 195 | ||||||
| Octagon 55 CLO Equity, Ser 2021-1A, Cl SUB | ||||||||
| 14.336%, 03/20/38(A)(B) | 2,020 | 465 | ||||||
| Octagon Investment Partners 26 CLO, Ser 2016-1A, Cl ER | ||||||||
| 9.415%, TSFR3M + 5.662%, 07/15/30(B)(C) | 382 | 139 | ||||||
| Octagon Investment Partners CLO, Ser 2018-18A, Cl D | ||||||||
| 9.565%, TSFR3M + 5.772%, 04/16/31(B)(C) | 27 | 23 | ||||||
| Octagon Investment Partners CLO 47 Equity, Ser 2020-1A, Cl SUB | ||||||||
| 12.104%, 07/20/34(A)(B) | 2,964 | 771 | ||||||
| Octagon Investment Partners CLO Equity, Ser 2018-1A, Cl SUB | ||||||||
| 13.017%, 01/20/31(A)(B) | 2,250 | 2 | ||||||
| PPM CLO 3, Ser 2021-3A, Cl ER | ||||||||
| 10.621%, TSFR3M + 6.872%, 04/17/34(B)(C) | 1,000 | 665 | ||||||
| Rockford Tower CLO Equity, Ser 2018-1A, Cl SUB | ||||||||
| 19.253%, 05/20/31(A)(B) | 2,500 | 22 | ||||||
| Rockford Tower CLO Equity, Ser 2021-1A, Cl SUB | ||||||||
| 0.905%, 07/20/34(A)(B) | 4,100 | 697 | ||||||
| Rockford Tower CLO Equity, Ser 2021-2A, Cl SUB | ||||||||
| 3.441%, 07/20/34(A)(B) | 4,750 | 617 | ||||||
| RR 3 CLO Equity, Ser 2018-3A, Cl PREF | ||||||||
| 0.000%, 01/15/30(A) | 3,750 | 5 | ||||||
| Shackleton CLO, Ser 2013-3A, Cl ER | ||||||||
| 9.895%, TSFR3M + 6.142%, 07/15/30(B)(C) | 826 | 493 | ||||||
| Shackleton CLO, Ser 2013-IV-R, Cl D | ||||||||
| 9.874%, TSFR3M + 6.112%, 04/13/31(B)(C) | 1,350 | 1,262 | ||||||
| Shackleton CLO, Ser 2014-5RA, Cl E | ||||||||
| 10.169%, TSFR3M + 6.412%, 05/07/31(B)(C) | 695 | 487 | ||||||
CITY NATIONAL ROCHDALE STRATEGIC CREDIT FUND
Schedule of Investments (unaudited)
August 31, 2026
City National Rochdale Strategic Credit Fund
| Description | Face Amount (000) | Value (000) | ||||||
| Shackleton CLO, Ser 2017-11A, Cl E | ||||||||
| 10.302%, TSFR3M + 6.562%, 08/15/30(B)(C) | $ | 1,139 | $ | 487 | ||||
| Shackleton CLO, Ser 2018-7RA, Cl E | ||||||||
| 10.215%, TSFR3M + 6.462%, 07/15/31(B)(C) | 1,000 | 881 | ||||||
| Shackleton CLO Equity, Ser 2019-14A, Cl SUB | ||||||||
| 13.506%, 07/20/34(A)(B) | 4,000 | 1,400 | ||||||
| Sound Point CLO Equity, Ser 2025-2A, Cl SUB | ||||||||
| 10.032%, 04/15/38(A)(B) | 14,100 | 6,768 | ||||||
| Sound Point CLO II, Ser 2013-1A, Cl B2R | ||||||||
| 9.572%, TSFR3M + 5.762%, 01/26/31(B)(C) | 599 | 396 | ||||||
| Sound Point CLO III-R, Ser 2013-2RA, Cl E | ||||||||
| 10.015%, TSFR3M + 6.262%, 04/15/29(B)(C) | 72 | 72 | ||||||
| Sound Point CLO IX, Ser 2019-2A, Cl ERR | ||||||||
| 10.791%, TSFR3M + 7.062%, 07/20/32(B)(C) | 2,295 | 455 | ||||||
| Sound Point CLO VIII-R, Ser 2019-1RA, Cl E | ||||||||
| 10.615%, TSFR3M + 6.862%, 04/15/30(B)(C) | 1,898 | 1,096 | ||||||
| Sound Point CLO V-R, Ser 2018-1RA, Cl E | ||||||||
| 10.091%, TSFR3M + 6.362%, 07/18/31(B)(C) | 1,438 | 857 | ||||||
| Sound Point CLO XIX, Ser 2018-1A, Cl E | ||||||||
| 9.665%, TSFR3M + 5.912%, 04/15/31(B)(C) | 3,900 | 2,803 | ||||||
| Sound Point CLO XIX Equity, Ser 2018-1A, Cl SUB | ||||||||
| 0.000%, 04/15/31(A)(B) | 4,500 | 1 | ||||||
| Sound Point CLO XVI, Ser 2017-2A, Cl E | ||||||||
| 10.172%, TSFR3M + 6.362%, 07/25/30(B)(C) | 3,563 | 2,254 | ||||||
| Sound Point CLO XVII Equity, Ser 2017-3A, Cl SUB | ||||||||
| 15.568%, 10/20/30(A)(B) | 8,500 | 87 | ||||||
| Sound Point CLO XVIII, Ser 2017-4A, Cl D | ||||||||
| 9.491%, TSFR3M + 5.762%, 01/21/31(B)(C) | 3,500 | 1,916 | ||||||
| Sound Point CLO XX, Ser 2018-2A, Cl E | ||||||||
| 10.072%, TSFR3M + 6.262%, 07/26/31(B)(C) | 3,000 | 1,965 | ||||||
| Description | Face Amount (000) | Value (000) | ||||||
| Sound Point CLO XXI Equity, Ser 2018-3A, Cl SUB | ||||||||
| 0.000%, 10/26/31(A)(B) | $ | 1,000 | $ | 3 | ||||
| Sounds Point CLO IV-R, Ser 2013-3RA, Cl E | ||||||||
| 10.241%, TSFR3M + 6.512%, 04/18/31(B)(C) | 1,000 | 362 | ||||||
| Southwick Park CLO Equity, Ser 2019-4A, Cl SUB | ||||||||
| 15.729%, 07/20/32(A)(B) | 2,000 | 134 | ||||||
| Steele Creek CLO, Ser 2016-1A, Cl ER | ||||||||
| 9.676%, TSFR3M + 6.012%, 06/15/31(B)(C) | 1,503 | 712 | ||||||
| Steele Creek CLO, Ser 2017-1A, Cl E | ||||||||
| 10.215%, TSFR3M + 6.462%, 10/15/30(B)(C) | 1,730 | 629 | ||||||
| Steele Creek CLO, Ser 2018-1A, Cl E | ||||||||
| 9.765%, TSFR3M + 6.012%, 04/15/31(B)(C) | 4,000 | 2,302 | ||||||
| Steele Creek CLO Equity, Ser 2014-1RA, Cl SUB | ||||||||
| 4.459%, 04/21/31(A)(B) | 21,168 | 2 | ||||||
| Steele Creek CLO Equity, Ser 2017-1A, Cl SUB | ||||||||
| 19.915%, 10/15/30(A)(B) | 2,500 | — | ||||||
| Symphony CLO XXVI Equity, Ser 2021-26A, Cl SUB | ||||||||
| 13.348%, 04/20/33(A)(B) | 6,500 | 16 | ||||||
| Tallman Park CLO Equity, Ser 2021-1A, Cl SUB | ||||||||
| 14.896%, 07/20/38(A)(B) | 14,425 | 3,770 | ||||||
| TCW CLO Equity, Ser 2021-1A, Cl SUB | ||||||||
| 10.054%, 01/20/38(A)(B) | 12,980 | 2,985 | ||||||
| Trinitas CLO XII, Ser 2020-12A, Cl E | ||||||||
| 11.472%, TSFR3M + 7.662%, 04/25/33(B)(C) | 5,187 | 4,703 | ||||||
| Trinitas CLO XVII, Ser 2021-17A, Cl E | ||||||||
| 11.021%, TSFR3M + 7.292%, 10/20/34(B)(C) | 853 | 740 | ||||||
| Upland CLO Equity, Ser 2016-1A, Cl SUB | ||||||||
| 33.330%, 04/20/31(A) | 2,500 | — | ||||||
| Venture 28A CLO, Ser 2021-28AA, Cl ER | ||||||||
| 11.311%, TSFR3M + 7.582%, 10/20/34(B)(C) | 2,000 | 1,105 | ||||||
| Venture 31 CLO, Ser 2018-31A, Cl E | ||||||||
| 9.301%, TSFR3M + 5.572%, 04/20/31(B)(C) | 1,850 | 695 | ||||||
CITY NATIONAL ROCHDALE STRATEGIC CREDIT FUND
Schedule of Investments (unaudited)
August 31, 2026
City National Rochdale Strategic Credit Fund
| Description | Face Amount (000) | Value (000) | ||||||
| Venture 32 CLO, Ser 2018-32A, Cl E | ||||||||
| 9.741%, TSFR3M + 6.012%, 07/18/31(B)(C) | $ | 1,369 | $ | 553 | ||||
| Venture 36 CLO, Ser 2019-36A, Cl E | ||||||||
| 10.911%, TSFR3M + 7.182%, 04/20/32(B)(C) | 3,700 | 1,209 | ||||||
| Venture 37 CLO, Ser 2019-37A, Cl E | ||||||||
| 10.965%, TSFR3M + 7.212%, 07/15/32(B)(C) | 1,000 | 519 | ||||||
| Venture 38 CLO, Ser 2019-38A, Cl E | ||||||||
| 11.075%, TSFR3M + 7.232%, 07/30/32(B)(C) | 1,500 | 839 | ||||||
| Venture XXX CLO, Ser 2017-30A, Cl E | ||||||||
| 10.315%, TSFR3M + 6.562%, 01/15/31(B)(C) | 1,500 | 663 | ||||||
| Wellfleet CLO Equity, Ser 2020-2A, Cl SUB | ||||||||
| 0.000%, 07/15/34(A) | 5,000 | 1 | ||||||
| York CLO 2 Equity, Ser 2015-1A, Cl SUB | ||||||||
| 15.696%, 10/22/37(A)(B) | 750 | 173 | ||||||
| Jersey [15.5%] | ||||||||
| AIMCO CLO 17 Equity, Ser 2022-17A, Cl SUB | ||||||||
| 0.000%, 07/20/37(A) | 13,313 | 7,588 | ||||||
| AIMCO CLO 21 Equity, Ser 2024-21A, Cl SUB | ||||||||
| 8.500%, 04/18/39(A)(B) | 12,181 | 6,700 | ||||||
| Apidos CLO XL Equity, Ser 2022-40A, Cl SUB | ||||||||
| 14.715%, 07/15/37(A) | 2,250 | 1,238 | ||||||
| Generate CLO Equity, Ser 2024-15A, Cl SUB | ||||||||
| 3.280%, 07/20/37(A)(B) | 15,294 | 6,423 | ||||||
| Neuberger Berman Loan Advisers CLO 55 Equity, Ser 2024-55A, Cl SUB | ||||||||
| 13.386%, 04/22/38(A)(B) | 1,130 | 611 | ||||||
| Neuberger Berman Loan Advisers NBLA CLO 53 Equity, Ser 2023-53A, Cl SUB | ||||||||
| 4.476%, 10/24/37(A)(B) | 4,100 | 2,337 | ||||||
| Wehle Park CLO Equity, Ser 2014-1RA, Cl SUB | ||||||||
| 1.842%, 10/21/38(A) | 19,785 | 5,754 | ||||||
| United States [2.8%] | ||||||||
| Flatiron CLO 23 Equity, Ser 2023-1A, Cl SUB | ||||||||
| 9.906%, 04/17/36(A)(B) | 1,100 | 616 | ||||||
| Flatiron CLO 34 Warehouse | ||||||||
| 0.000%, (D) | 300 | 308 | ||||||
| Description | Face Amount (000) | Value (000) | ||||||
| Flatiron RR CLO 22 Equity, Ser 2021-2A, Cl SUB | ||||||||
| 13.057%, 10/15/34(A)(B) | $ | 8,750 | $ | 3,500 | ||||
| Green Lakes Park CLO Equity, Ser 2019-2A, Cl SUB | ||||||||
| 20.732%, 01/25/38(A)(B) | 3,000 | 1,350 | ||||||
| Total Asset-Backed Securities | ||||||||
| (Cost $362,832) | 179,165 | |||||||
| Short-Term Investment [9.2%] | ||||||||
| SEI Daily Income Trust Government Fund, Cl Institutional, 3.570%** | 18,040,468 | 18,040 | ||||||
| Total Short-Term Investment | ||||||||
| (Cost $18,040) | 18,040 | |||||||
| Total Investments [100.3%] | ||||||||
| (Cost $380,872) | $ | 197,205 | ||||||
Percentages are based on net assets of $196,553 (000).
| ** | The rate reported is the 7-day effective yield as of August 31, 2026. |
| (A) | Level 3 security in accordance with fair value hierarchy. The rate reported is the effective yield as of August 31, 2026. |
| (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 August 31, 2026, the value of these securities amounted to $136,738 (000), representing 69.6% of the net assets of the Fund. |
| (C) | 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. |
| (D) | This is a CLO warehouse position, which is a loan accumulation vehicle. Loan accumulation vehicles are financing structures intended to aggregate loans that may be used to form the basis of a CLO. Total as of August 31, 2026 was $26,347 (000). |
Cl — Class
CLO — Collateralized Loan Obligation
Ser — Series
TSFR3M — 3 Month Term Secured Overnight Financing Rate
The following is a list of the inputs used as of August 31, 2026, in valuing the
Fund's investments carried at value (000):
| Investments in Securities | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Asset-Backed Securities | $ | — | $ | 35,780 | $ | 143,385 | $ | 179,165 | ||||||||
| Short-Term Investment | 18,040 | — | — | 18,040 | ||||||||||||
| Total Investments in Securities | $ | 18,040 | $ | 35,780 | $ | 143,385 | $ | 197,205 | ||||||||
Amounts designated as "—" are $0 or have been rounded to $0.
For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent annual or semi-annual financial statements.
CNR-QH-004-1600
CITY NATIONAL ROCHDALE STRATEGIC CREDIT FUND