schedule of investments March 31, 2018 (Unaudited) City National Rochdale Government Money Market Fund Type of Security Weightings*: Description Face Amount (000) Value (000) 71.8% U.S. Government 1.721%, VAR ICE LIBOR Agency Obligations 19.6% Repurchase Agreements USD 1 Month+-0.120%, 04/21/18 $ 50,000 $ 50,000 4.3% Municipal Bonds 1.757%, VAR ICE LIBOR 4.3% Short-Term Investment USD 1 Month+-0.130%, 04/01/18 50,000 50,000 *Percentages based on total investments. 1.782%, VAR ICE LIBOR USD 1 Month+-0.090%, Description Face Amount (000) Value (000) 04/25/18 50,000 50,000 U.S. Government Agency Obligations [72.4%] 1.670%, VAR ICE LIBOR USD 1 Month+-0.080%, FAMC, MTN 04/13/18 11,000 10,999 1.777%, VAR ICE LIBOR 1.621%, VAR ICE LIBOR USD 1 Month+-0.100%, USD 1 Month+-0.065%, 04/29/18 $ 25,000 $ 25,000 04/05/18 50,000 50,000 1.817%, VAR ICE LIBOR FHLB DN (A) USD 1 Month+-0.070%, 04/29/18 50,000 50,000 1.483%, 04/06/10 100,000 99,979 FFCB 1.704%, 05/25/10 50,000 49,875 0.750%, 04/18/18 65,975 65,954 1.372%, 04/02/18 50,000 49,998 1.766%, VAR ICE LIBOR 1.405%, 04/10/18 50,000 49,983 USD 1 Month+0.055%, 1.419%, 04/11/18 100,000 99,961 04/08/18 50,000 49,999 1.580%, 04/13/18 50,000 49,974 1.638%, VAR ICE LIBOR 1.594%, 04/18/18 50,000 49,962 USD 1 Month+-0.080%, 1.571%, 04/20/18 100,000 99,917 11/09/18 50,000 49,999 1.642%, 04/24/18 100,000 99,895 1.655%, VAR US Federal 1.444%, 04/25/18 100,000 99,904 Funds Eff ective Rate+- 1.556%, 04/27/18 165,000 164,815 0.025%, 04/25/19 50,000 49,997 1.458%, 05/02/18 100,000 99,875 1.843%, VAR US Treasury 1.653%, 05/03/18 100,000 99,853 3 Month Bill Money Market Yield+0.075%, 05/01/18 50,000 49,996 1.481%, 05/04/18 50,000 49,932 FHLB 1.659%, 05/11/18 94,000 93,827 1.480%, VAR ICE LIBOR 1.617%, 05/16/18 100,000 99,799 USD 3 Month+-0.265%, 1.679%, 05/18/18 104,000 103,773 04/20/18 50,000 50,000 1.680%, 05/23/18 100,000 99,758 1.832%, VAR ICE LIBOR 1.659%, 06/01/18 100,000 99,720 USD 1 Month+-0.040%, 1.583%, 06/08/18 100,000 99,703 04/26/18 50,000 50,000 1.797%, 06/15/18 50,000 49,814 1.683%, 05/08/18 38,000 37,935 1.798%, 06/20/18 50,000 49,801 1.540%, VAR ICE LIBOR 1.775%, 06/22/18 100,000 99,598 USD 3 Month+-0.260%, 1.764%, 06/27/18 100,000 99,576 05/09/18 50,000 50,000 1.703%, VAR ICE LIBOR USD 3 Month+-0.170%, Total U.S. Government Agency Obligations 05/18/18 25,000 25,000 (Cost $2,974,174) 2,974,174 1.685%, VAR ICE LIBOR USD 3 Month+-0.200%, Municipal Bonds [4.3%] 05/21/18 50,000 50,000 California [1.0%] 1.740%, VAR ICE LIBOR California State, Community USD 1 Month+-0.135%, Development Authority, 04/27/18 50,000 50,000 Fairway Family Apartments 1.647%, VAR ICE LIBOR Project, Ser PP, RB, USD 1 Month+-0.130%, FNMA, AMT 04/15/18 50,000 50,003 1.700%, 04/15/18 (B) (C) (D) 8,000 8,000 See accompanying notes to fi nancial statements. CITY NATIONAL ROCHDALE FUNDS | PAGE 2 schedule of investments March 31, 2018 (Unaudited) City National Rochdale Government Money Market Fund (continued) Description Face Amount (000) Value (000) Description Face Amount (000) Value (000) Los Angeles, Community Texas State, Department of Redevelopment Agency, Housing & Community Hollywood and Vine Aff airs, Idlewilde Apartments Apartments Project, Ser Project, RB, FNMA, AMT A, RB, FNMA, AMT 1.680%, 04/15/18 (B) (C) (D) $ 12,890 $ 12,890 1.610%, 04/15/18 (B) (C) (D) $ 23,910 $ 23,910 Sacramento County, Housing Total Texas 25,885 Authority, Ashford Heights Apartments Project, Ser Washington [0.4%] H, RB, FNMA, AMT Washington State, Housing 1.680%, 04/15/18 (B) (C) (D) 9,000 9,000 Finance Commission, Vintage Spokane Project, Total California 40,910 Ser A, RB, FNMA, AMT 1.670%, 04/15/18 (B) (C) (D) 16,295 16,295 New York [2.3%] New York State, Housing Total Municipal Bonds Development Authority, (Cost $178,540) 178,540 26th Street Development Project, Ser A, RB, FHLMC Repurchase Agreements [19.8%] 1.600%, 04/02/18 (B) (C) 13,500 13,500 Barclays (E) New York State, Housing Development Authority, 26th 1.78% , dated 03/29/18, Street Development Project, repurchased on 4/02/18, Ser A, RB, FHLMC, AMT repurchase price $37,007,318 (collateralized by various U.S. 1.650%, 04/02/18 (B) (C) 9,350 9,350 Government obligations, New York State, Housing par values ranging from Finance Agency, 360 West $67,800 to $38,439,100, 43rd Street Project, Ser 0.000% - 1.875%, 09/06/18 A, RB, FNMA, AMT – 02/28/22; with a total 1.700%, 04/15/18 (B) (C) (D) 13,800 13,800 market value of $37,740,038) 37,000 37,000 New York State, Housing Goldman Sachs (E) Finance Agency, 360 West 1.800%, dated 03/29/18, 43rd Street Project, Ser repurchased on 4/02/18, A, RB, FNMA, AMT repurchase price $75,015,000 1.700%, 04/15/18 (B) (C) (D) 23,800 23,800 (collateralized by various U.S. New York State, Housing Government obligations, par Finance Agency, East values ranging from $123 84th Street Project, Ser to $30,310,000, 0.000% A, RB, FNMA, AMT - 4.125%, 02/19/ 19 – 1.560%, 04/15/18 (B) (C) (D) 15,000 15,000 06/06/ 41; with a total market New York State, Housing value of $76,500,000) 75,000 75,000 Finance Agency, West Wells Fargo (E) 38th Street Project, Ser 1.800%, dated 03/29/18, A, RB, FNMA, AMT repurchased on 4/02/18, 1.600%, 04/15/18 (B) (C) (D) 20,000 20,000 repurchase price $700,140,000 (collateralized by various U.S. Government obligations, Total New York 95,450 par values ranging from $56,989 to $194,256,119, Texas [0.6%] 4.000% - 7.000%, 12/20/26 – Houston, Housing Finance, 03/20/48; with a total market Regency Park Apartments value of $714,000,000) 700,000 700,000 Project, RB, FNMA, AMT 1.660%, 05/15/41(B) (C) (D) 12,995 12,995 Total Repurchase Agreements (Cost $812,000) 812,000 See accompanying notes to fi nancial statements. CITY NATIONAL ROCHDALE FUNDS | PAGE 3 schedule of investments March 31, 2018 (Unaudited) City National Rochdale Government Money Market Fund (concluded) Description Shares Value (000) The following is a list of the inputs used as of March 31, 2018, in valuing the Fund’s investments carried at value (000): Short-Term Investment** [4.4%] Morgan Stanley Investments in Securities Level 1 Level 2 Level 3 Total Institutional Liquidity U.S. Government Funds - Government Agency Obligations $ — $ 2,974,174$ — $ 2,974,174 Portfolio, 1.470% 180,000,000 $ 180,000 Municipal Bonds — 178,540 — 178,540 Repurchase Agreements — 812,000 — 812,000 Total Short-Term Investment Short-Term Investment 180,000 — — 180,000 (Cost $180,000) 180,000 Total Investments in Securities $ 180,000 $ 3,964,714 $ — $ 4,144,714 Total Investments [100.9%] For the period ended March 31, 2018, there have been no transfers between any (Cost $4,144,714) $ 4,144,714 of the fair value hierarchy levels. Transfers between Levels are recognized at period end. Percentages are based on Net Assets of $4,108,509 (000). 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. ** The rate reported is the 7-day effective yield as of March 31, 2018. (A) Zero coupon security. The rate reported is the effective yield at time of purchase. (B) Put and Demand Feature — The date reported is the next reset or put date. (C) Variable or fl oating rate security, the interest rate of which adjusts periodically based on prevailing interest rates. (D) Securities are held in conjunction with a letter of credit from a major bank or fi nancial institution. (E) Tri-Party Repurchase Agreement. AMT — Alternative Minimum Tax (subject to) DN — Discount Note FAMC — Freddie Mac FFCB — Federal Farm Credit Bank FHLB — Federal Home Loan Bank FHLMC — Federal Home Loan Mortgage Corporation FNMA — Federal National Mortgage Association ICE — Intercontinental Exchange LIBOR — London Interbank Offered Rates MTN — Medium Term Note RB — Revenue Bond Ser — Series USD — United States Dollar VAR — Variable See accompanying notes to fi nancial statements. CITY NATIONAL ROCHDALE FUNDS | PAGE 4 schedule of investments March 31, 2018 (Unaudited) City National Rochdale Government Bond Fund Type of Security Weightings*: Description Face Amount (000)/Shares Value (000) 56.1% U.S.