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Morningstar

City National Rochdale CA Tax-Ex Bd N CCTEX

Morningstar Medalist Rating
Medalist Rating as of | See City National Rochdale Investment Hub
  • NAV / 1-Day Return 9.87  /  0.10 %
  • Total Assets 36.3 Mil
  • Adj. Expense Ratio
    1.250%
  • Expense Ratio 1.250%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment —
  • Status Closed
  • TTM Yield 1.56%
  • Effective Duration —

USD | NAV as of Sep 26, 2023 | 1-Day Return as of Sep 26, 2023, 10:16 PM GMT+0

Morningstar’s Analysis CCTEX

Will CCTEX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CCTEX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the CCTEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of CCTEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in City National Rochdale CA Tax-Ex Bd N's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings CCTEX

More CCTEX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 87
  • Other Holdings 6
  • % Assets in Top 10 Holdings 25.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CALIFORNIA ST PUB WKS BRD LEASE REV 5%

3.72
1,576,785
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 5%

2.72
1,150,000
Cash and Equivalents

WESTLANDS CALIF WTR DIST REV 5%

2.61
1,104,288
municipal

SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WTR REV 4%

2.56
1,084,729
municipal

LONG BEACH CALIF UNI SCH DIST 5%

2.52
1,065,522
municipal

SAN MATEO CNTY CALIF JT PWRS FING AUTH LEASE REV 5%

2.51
1,063,606
municipal

CALIFORNIA ST 5%

2.51
1,063,396
municipal

CALIFORNIA ST 5%

2.38
1,007,322
municipal

CALIFORNIA ST UNIV REV 1.6%

2.21
934,364
municipal

EAST BAY CALIF MUN UTIL DIST WTR SYS REV 5%

2.09
887,235
municipal