Schedule of Investments September 30, 2018
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schedule of investments September 30, 2018 City National Rochdale Government Money Market Fund Type of Security Weightings (unaudited)*: Description Face Amount (000) Value (000) 77.6% U.S. Government 2.068%, VAR ICE LIBOR Agency Obligations 18.8% Repurchase Agreements USD 1 Month+-0.080%, 11/13/19 $ 11,000 $ 10,999 3.6% Short-Term Investment 2.009%, VAR ICE LIBOR USD 1 Month+-0.095%, *Percentages based on total investments. 01/02/20 50,000 50,001 2.049%, VAR ICE LIBOR USD 1 Month+-0.065%, Description Face Amount (000) Value (000) 02/05/20 50,000 50,000 U.S. Government Agency Obligations [77.6%] 2.115%, VAR ICE LIBOR USD 3 Month+-0.200%, FAMC, MTN 02/14/20 50,000 50,000 2.156%, VAR ICE LIBOR 2.100%, VAR ICE LIBOR USD 1 Month+-0.100%, USD 1 Month+-0.065%, 10/29/18 $ 25,000 $ 25,000 02/20/20 50,000 50,000 2.186%, VAR ICE LIBOR FHLB DN(A) USD 1 Month+-0.070%, 03/01/19 50,000 50,000 1.939%, 10/02/18 100,000 99,995 2.166%, VAR ICE LIBOR 1.934%, 10/03/ 18 100,000 99,989 USD 1 Month+-0.050%, 1.968%, 10/05/ 18 100,000 99,978 06/25/19 50,000 50,000 1.972%, 10/10/18 150,000 149,926 FFCB 1.990%, 10/12/ 18 100,000 99,939 2.053%, VAR ICE LIBOR 2.004%, 10/17/18 150,000 149,867 USD 1 Month+-0.080%, 2.000%, 10/19/18 43,000 42,957 11/09/18 50,000 50,000 2.000%, 10/24/18 148,000 147,812 2.155%, VAR US Federal 2.066%, 10/26/18 250,000 249,643 Funds Eff ective Rate+- 2.042%, 10/31/18 100,000 99,831 0.025%, 04/25/19 50,000 49,999 2.038%, 11/02/18 150,000 149,729 2.267%, VAR US Treasury 2.073%, 11/07/ 18 100,000 99,788 3 Month Bill Money Market Yield+0.075%, 11/01/19 50,000 49,997 2.047%, 11/09/18 100,000 99,779 FHLB 2.065%, 11/14/18 100,000 99,749 2.028%, VAR ICE LIBOR 2.080%, 11/16/18 75,000 74,802 USD 1 Month+-0.130%, 2.084%, 11/21/18 100,000 99,706 11/15/18 50,000 50,001 2.126%, 11/23/18 200,000 199,377 2.062%, VAR ICE LIBOR 2.110%, 11/28/18 50,000 49,831 USD 1 Month+-0.120%, 2.116%, 12/05/18 105,000 104,601 11/21/18 50,000 50,000 2.119%, 12/07/18 80,000 79,686 2.126%, VAR ICE LIBOR 2.069%, 12/11/18 100,000 99,595 USD 1 Month+-0.130%, 2.136%, 12/12/18 50,000 49,788 03/01/19 50,000 50,000 2.166%, 12/19/18 50,000 49,764 2.142%, VAR ICE LIBOR USD 1 Month+-0.100%, 2.170%, 12/21/18 50,000 49,757 05/28/19 50,000 50,000 2.161%, 01/18/19 100,000 99,353 1.996%, VAR ICE LIBOR 2.215%, 02/15/19 50,000 49,583 USD 1 Month+-0.125%, 2.213%, 02/20/19 50,000 49,568 06/07/19 50,000 50,000 2.217%, 02/22/19 100,000 99,123 2.126%, VAR ICE LIBOR 2.245%, 02/27/19 40,000 39,632 USD 1 Month+-0.090%, 2.255%, 03/01/19 50,000 49,532 07/25/19 50,000 50,000 2.276%, 03/08/19 20,000 19,803 2.070%, VAR ICE LIBOR 2.353%, 03/22/19 50,000 49,445 USD 3 Month+-0.245%, 08/16/19 50,000 50,000 2.141%, VAR ICE LIBOR Total U.S. Government Agency Obligations USD 1 Month+-0.075%, (Cost $3,887,925) 3,887,925 10/25/19 50,000 50,000 See accompanying notes to fi nancial statements. CITY NATIONAL ROCHDALE FUNDS | PAGE 17 schedule of investments September 30, 2018 City National Rochdale Government Money Market Fund (concluded) Description Shares/Face Amount (000) Value (000) Description Face Amount (000) Value (000) Short-Term Investment [3.6%] Wells Fargo (B) Morgan Stanley 2.240%, dated 9/28/18, Institutional Liquidity repurchased on Funds - Government 10/01/18, repurchase Portfolio, 1.810%** 178,810,058 $ 178,810 price $750,140,000 (collateralized by various Total Short-Term Investment U.S. Government obligations, par values (Cost $178,810) 178,810 ranging from $25,000 to $130,554,880, Repurchase Agreements [18.9%] 2.000% - 7.000%, Barclays (B) 10/01/27 - 10/01/48; 2.230%, dated 9/28/18, with a total market value repurchased on 10/01/18, of $765,000,001) $ 750,000 $ 750,000 repurchase price $70,013,008 (collateralized Total Repurchase Agreements by various U.S. Treasury (Cost $945,000) 945,000 obligations, par values ranging from $616,500 to $69,154,700, 0.000% Total Investments [100.1%] - 1.375%, 09/30/2018 (Cost $5,011,735) $ 5,011,735 - 12/27/2018; with a total market value Percentages are based on Net Assets of $5,008,045 (000). of $71,400,005) $ 70,000 70,000 Goldman Sachs (B) ** The rate reported is the 7-day effective yield as of September 30, 2018. 2.210%, dated 9/28/18, (A) Zero coupon security. The rate reported is the effective yield at time of purchase. repurchased on (B) Tri-party Repurchase Agreement. 10/01/18, repurchase price $125,023,021 (collateralized by various DN — Discount Note U.S. Government FAMC — Federal Agriculture Mortgage Corporation obligations, par values FFCB — Federal Farm Credit Bank ranging from $100 to FHLB — Federal Home Loan Bank $28,171,800, 0.000% - 7.125%, 10/11/18 ICE — Intercontinental Exchange - 04/26/41; with a LIBOR — London Interbank Offered Rates total market value of MTN — Medium Term Note $127,500,000) 125,000125,000 VAR — Variable USD — U.S. Dollar The following is a list of the inputs used as of September 30, 2018, in valuing the Fund’s investments carried at value (000): Investments in Securities Level 1 Level 2 Level 3 Total U.S. Government Agency Obligations $ — $ 3,887,925$ — $ 3,887,925 Short-Term Investment 178,810 — — 178,810 Repurchase Agreements — 945,000 — 945,000 Total Investments in Securities $ 178,810 $ 4,832,925 $ — $ 5,011,735 For the year ended September 30, 2018, there have been no transfers between any of the fair value hierarchy levels. Transfers between Levels are recognized at period end. Amounts designated as “—” are either $0 or have been rounded to $0. For more information on valuation inputs, see Note 2 – Signifi cant Accounting Policies in the Notes to Financial Statements. See accompanying notes to fi nancial statements. CITY NATIONAL ROCHDALE FUNDS | PAGE 18 schedule of investments September 30, 2018 City National Rochdale Government Bond Fund Type of Security Weightings (unaudited)*: Description Face Amount (000)/Shares Value (000) 51.0% U.S. Treasury Obligations GNMA, Pool 398660 25.0% U.S. Government Mortgage-Backed Obligations 7.500%, 05/15/26 $ 1 $ 1 22.3% U.S. Government Agency Obligations GNMA, Pool 497411 1.7% Short-Term Investment 6.000%, 01/15/29 3 3 *Percentages based on total investments. GNMA ARM, Pool G2 81318 3.625%, VAR US Treasury Yield Curve Rate T Note Description Face Amount (000) Value (000) Constant Maturity 1 U.S. Treasury Obligations [51.1%] Yr+1.500%, 04/20/35 117 121 U.S. Treasury Infl ation GNMA ARM, Pool G2 81447 Indexed Bonds 2.750%, VAR US Treasury 0.125%, 04/15/20 $ 830 $ 881 Yield Curve Rate T Note Constant Maturity 1 U.S. Treasury Notes Yr+1.500%, 08/20/35 28 29 2.375%, 12/31/20 4,500 4,454 2.262%, VAR US Treasury Total U.S. Government Mortgage-Backed Obligations 3 Month Bill Money Market Yield+0.070%, 04/30/19 1,200 1,201 (Cost $14,286) 13,943 2.000%, 11/30/20 2,500 2,456 1.875%, 05/31/22 4,365 4,208 U.S. Government Agency Obligations [22.3%] 1.875%, 08/31/24 2,805 2,637 FFCB 1.625%, 06/30/20 2,800 2,744 2.355%, VAR ICE LIBOR USD 1 Month+0.190%, 1.500%, 01/31/22 5,500 5,255 09/20/19 4,900 4,912 1.375%, 04/30/20 750 734 FHLB 1.375%, 10/31/20 4,000 3,882 1.375%, 09/13/19 2,795 2,763 FNMA Total U.S. Treasury Obligations 1.250%, 08/17/21 5,000 4,776 (Cost $29,321) 28,452 Total U.S. Government Agency Obligations U.S. Government Mortgage-Backed Obligations [25.0%] (Cost $12,684) 12,451 FHLMC, Ser 2016-4635, Cl EG, Pool FHR 4635 EG Short-Term Investment** [1.8%] 2.500%, 12/15/46 2,397 2,299 SEI Daily Income Trust FHLMC, Ser K708, Cl A2 Government Fund, 2.130%, 01/25/19 4,046 4,036 Cl F, 1.850% 996,173 996 FHLMC REMIC, Ser 2011- 3874, Cl JA, Pool FHR Total Short-Term Investment 3.000%, 04/15/25 174 174 (Cost $996) 996 FNMA, Pool AL5866 2.669%, 08/01/22 1,751 1,722 Total Investments [100.2%] FNMA, Pool AS4877 (Cost $57,287) $ 55,842 3.000%, 04/01/30 1,758 1,743 FNMA, Pool FN0004 Percentages are based on Net Assets of $55,730 (000).