CNRGX : City National Rochdale Short Term Emerging Markets Debt Fund Class Y

Fund Summary

The investment seeks to generate interest income and preserve capital in order to achieve positive total returns. At least 80% of the fund's net assets (plus any borrowings for investment purposes) consists of bonds and other debt instruments issued by corporate, municipal, sovereign, sub-sovereign and quasi-sovereign issuers in emerging market countries. In particular, it invests principally in short-term high yield debt instruments of corporate and sovereign issuers in or operating principally in emerging market countries. Its investments in securities of emerging market issuers may include securities of companies operating principally in frontier markets.