City National Rochdale Strategic Credit Fund is a non-diversified, closed-end interval mutual fund focused primarily on generating current income, with a secondary objective of long-term capital appreciation. The fund is managed by City National Rochdale, LLC, a subsidiary of City National Bank, and is overseen by a seasoned team of portfolio managers. It typically invests at least 80% of its net assets in a broad array of debt securities and other credit-related investments, including significant allocations to structured and securitized credit instruments such as CLO equity and CLO debt. By targeting these asset classes, the fund aims to offer exposure to credit markets while actively managing risk and interest rate sensitivity. Structured credit currently represents the vast majority of fund holdings. As an interval fund, it facilitates periodic share repurchases at net asset value, providing a structure for investor liquidity while allowing the fund to participate in investments that may not suit a traditional open-end format. The fund’s approach is particularly relevant for investors seeking diversified fixed-income exposure with a focus on opportunistic credit strategies and enhanced yield potential within the broader fixed income sector.
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