City National Rochdale Municipal High Income Fund Class N (CNRNX)

Overview

The company operates within the realm of financial investment, focusing specifically on managing funds that invest primarily in tax-exempt municipal bonds. By dedicating at least 80% of its net assets, which includes any funds borrowed for investment purposes, the company aims to provide its investors with an opportunity to earn income that is not subject to federal income tax. The investment strategy emphasizes creating a diversified portfolio of municipal bonds to achieve this goal. However, it's important to note that while the interest earned on these municipal bonds is exempt from federal income tax, it may still be considered a Tax Preference Item for those subject to the alternative minimum tax (AMT).

Products and Services

• Tax-Exempt Municipal Bond Investments:

  This product focuses on investing in a diverse range of municipal bonds that are exempt from federal income tax. These bonds are a suitable investment choice for individuals seeking to earn tax-free income, particularly those in higher tax brackets. The portfolio is carefully constructed to balance risk and return, providing an attractive option for conservative investors looking for steady, tax-advantaged income.

• Income Strategies for AMT Concerned Investors:

  Recognizing that a portion of the interest from tax-exempt municipal bonds might be considered a Tax Preference Item for purposes of the alternative minimum tax, the company offers strategies to mitigate AMT exposure. This service is essential for investors who are susceptible to AMT, as it helps in planning and managing investments in a way that minimizes their tax liability while maximizing income potential.