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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
2017
'40 Act
Interval CEF
USD
Quarterly
Daily
0.50%
January 31
News and Notices
Portfolio Holdings
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10
1-10 of 63
Notices
Date
Time (ET)
Notice Type
Source
Notice
Dec 04, 2024
13:03
Fees
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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.
Dec 04, 2025
12:08
Fees, Marketing Materials
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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.
Aug 24, 2024
11:12
Marketing Materials
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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.
Jul 23, 2025
18:13
Ownership, Personnel
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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.
Aug 23, 2024
12:21
Compliance
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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.
Sep 20, 2024
08:41
Redemptions
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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.
Dec 29, 2025
14:03
Marketing Materials, Redemptions, Subscriptions
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City National Rochdale Select Strategies Fund updated its prospectus for its continuous offering, carrying forward 50 million previously registered shares and continuing a 0.99% net annual operating expense ratio with quarterly 5% repurchase offers.
Jan 30, 2024
16:22
Redemptions, Subscriptions
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City National Rochdale Select Strategies Fund reported $24.2 million of securities sold and $33.2 million redeemed or repurchased during the fiscal year, with $51.0 million of total available redemption credits and no registration fee due. Redemption credits available for future years were $(26.5) million.
Apr 13, 2026
12:54
Redemptions
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City National Rochdale Select Strategies Fund announced a quarterly repurchase offer for up to 5% of outstanding Shares at NAV, with a May 1, 2026 request deadline and May 8, 2026 pricing date. Shareholders may tender Shares for cash, subject to possible pro rata repurchases if requests exceed the authorized amount.
Oct 21, 2023
10:11
Redemptions
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City National Rochdale Select Strategies Fund announced a quarterly repurchase offer for up to 5% of outstanding Shares at NAV, with a January 9, 2026 NAV of $16.48 per Share and a February 13, 2026 pricing date. Shareholders may tender by February 6, 2026, with proceeds expected by February 20, 2026, subject to possible pro rata repurchases.
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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