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Address And Details

c/o SEI Investments Distribution, 1 Freedom V , Oaks, PA 19456
Fund Manager Michael Taila
Manager Tenure 1 Years 10 Months

Strategy And Objective

The City National Rochdale California Tax Exempt Bond Fund (the California Tax Exempt Bond Fund or the Fund) seeks to provide current income exempt from federal and California state income tax (as the primary component of a total return strategy) by investing primarily in California municipal bonds. The California Tax Exempt Bond Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in short to intermediate-term, high quality municipal bonds and notes, the interest from which is expected to be exempt from federal and California state personal income taxes. This policy may not be changed without shareholder approval. The municipal bond obligations in which the Fund invests consist of general obligation bonds, revenue bonds, notes and obligations issued by the State of California and its agencies and by various counties, cities and regional or special districts in California. The Fund may also invest in short-term tax exempt commercial paper, floating rate notes, variable rate demand notes, tender option bonds or shares of money market mutual funds the objectives of which are consistent with the Funds objectives (i.e., money market funds that invest primarily in securities the interest from which is expected to be exempt from federal and California state personal income taxes).

Net Asset Value

as of 6:29 PM ET 05/23/2022

Performance

  • 1 Week
  • +0.30%
  • 1 Month
  • -0.40%
  • 3 Months
  • -4.42%
  • 1 Yr Return
  • -8.04%
  • 5 Yr Return
  • -6.31%

Equity Sector Breakdown

ConsumerDurables n/a
Energy n/a
Finance n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Bonds 98.69%
Other 0.90%
Cash 0.41%
Stocks 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 69.79 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -1.40 -1.32 -0.90
Beta 0.64 0.64 0.62
R Squared 0.96 0.95 0.76
Std Deviation 3.27 2.77 2.79
Sharpe Ratio -0.43 -0.29 n/a

Purchase Information

as of 7:00 PM ET 05/20/2022
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 04/30/2022 Average Annual Current Performance Quarterly As Of 03/31/2022 Avg Annual Current Performance Monthly As Of 04/30/2022 Avg Annual Current Performance Quarterly As Of 03/31/2022
1 Year
  • -6.77%
  • -4.71%
-6.77% -4.71%
3 Year
  • -0.78%
  • -0.14%
-0.78% -0.14%
10 Year
  • +0.95%
  • +1.20%
+0.95% +1.20%
Life Of Fund
  • +2.77%
  • +2.86%
+2.77% +2.86%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

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