City National Rochdale Select Strategies Fund is a Delaware-organized, continuously offered, non-diversified closed-end management investment company registered under the Investment Company Act of 1940 and operated as an interval fund. The Fund seeks total return through income and capital appreciation, primarily by investing in reinsurance-related instruments linked to natural catastrophe risk. Its strategy focuses on industry loss warranties (ILWs), catastrophe bonds and structured reinsurance investments such as equity-linked notes, with at least 70% of total assets normally providing exposure to ILWs. The Fund may also invest in insurance-related ETFs, other debt and equity securities, and short-term instruments for liquidity. RBC Rochdale, LLC serves as the investment adviser.
News and Notices
City National Rochdale
Jul 27, 2017
Interval CEF
'40 Act
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Daily
USD
January 31
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1-10 of 67
Date
Time (ET)
Notice Type
Notice
Source
Oct 22, 2025
09:13
Other
City National Rochdale Select Strategies Fund added the previously omitted proxy card for its November 10, 2026 special meeting, with no changes to the notice or proxy statement. Shareholders can vote on a ProShare advisory agreement and four Trustees.
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Feb 19, 2026
09:00
Redemption
City National Rochdale Select Strategies Fund launched a quarterly repurchase for up to 5% of outstanding shares from October 16 to November 6, 2026. Shareholders seeking liquidity must submit requests to RBC Rochdale by 4 p.m. Eastern Time on November 6.
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Jun 16, 2024
17:19
Fee
City National Rochdale Select Strategies Fund seeks shareholder approval for ProShare Investment Management as adviser and four board nominees. If completed, advisory fee stays 0.50%, net expenses are capped at 1.00% for three years, and RBC Rochdale is replaced.
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Sep 02, 2026
09:11
Compliance
City National Rochdale Select Strategies Fund renewed $600,000 of fidelity insurance coverage from Federal Insurance for August 15, 2024 to August 15, 2025. The coverage provides stated crime and fraud protection, including $400,000 single-loss limits.
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Jan 04, 2024
13:03
Fee
City National Rochdale Select Strategies Fund seeks votes on appointing ProShare Investment Management and electing four Trustee nominees, with the advisory fee remaining 0.50%. Approval and asset transfer closing would shift day-to-day management while leaving the investment objective and principal strategies unchanged.
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Dec 04, 2025
12:08
Fee, Marketing Material
City National Rochdale Select Strategies Fund updated its prospectus expense disclosure, showing total annual operating expenses of 0.99% and estimated $10,000 investment costs of $101, $315, $547 and $1,213 over 1, 3, 5 and 10 years.
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Apr 24, 2024
11:12
Marketing Material
City National Rochdale Select Strategies Fund’s Board of Trustees approved a proposed advisory agreement with ProShare Investment Management and replacement Trustees, subject to shareholder approval. If approved, the fund would be rebranded in the fourth quarter of 2026.
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Jun 23, 2024
18:13
Ownership, Personnel
City National Rochdale Select Strategies Fund disclosed that Chief Compliance Officer Christina Weber beneficially owns no securities, with 0 shares owned directly as of December 12, 2025.
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Jul 23, 2024
12:21
Compliance
City National Rochdale Select Strategies Fund reported a 2026 annual proxy voting notice for the period ended June 30, 2026, with no series listed and no explanatory information provided.
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Sep 20, 2025
08:41
Redemption
City National Rochdale Select Strategies Fund offered to repurchase up to 5% of outstanding shares, with requests due August 7, 2026 and pricing at August 14 net asset value. Tendering shareholders may be prorated if requests exceed the authorized amount.
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Preview
City National Rochdale Select Strategies Fund
City National Rochdale is responsible for managing City National Rochdale Select Strategies Fund.
City National Rochdale Select Strategies Fund launched in 2017.
City National Rochdale Select Strategies Fund is registered as a '40 Act fund.
City National Rochdale Select Strategies Fund is structured as a Interval CEF fund.
You can invest in City National Rochdale Select Strategies Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in City National Rochdale Select Strategies Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of City National Rochdale Select Strategies Fund quarterly, subject to redemption limits and notice requirements.
Shares of City National Rochdale Select Strategies Fund can be purchased in USD.
City National Rochdale Select Strategies Fund's fiscal year end is January 31.
City National Rochdale Select Strategies Fund's net asset value was $234.9 million and its portfolio had a fair value of $220.8 million as of April 30, 2026.
Among other deal types, City National Rochdale Select Strategies Fund primarily makes Private Market Investments.
Among other asset classes, City National Rochdale Select Strategies Fund primarily invests in Special Situations.
City National Rochdale Select Strategies Fund charges a 0.50% annual management fee, which is calculated based on NAV.
You can invest in CNRLX shares with a minimum initial investment of $1,000,000.
You will be subject to paying an early repurchase/redemption fee of 0%.
City National Rochdale Select Strategies Fund's CNRLX share class generated an annualized 1-month return of 11.27% and since-inception return of 7.03% as of January 31, 2026.
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