0001752724-20-155566.txt : 20200814
0001752724-20-155566.hdr.sgml : 20200814
20200814172022
ACCESSION NUMBER: 0001752724-20-155566
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20200531
FILED AS OF DATE: 20200814
DATE AS OF CHANGE: 20200814
EFFECTIVENESS DATE: 20200814
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: City National Rochdale Strategic Credit Fund
CENTRAL INDEX KEY: 0001737936
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0531
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-23348
FILM NUMBER: 201106658
BUSINESS ADDRESS:
STREET 1: 400 PARK AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10022-4406
BUSINESS PHONE: 2127023577
MAIL ADDRESS:
STREET 1: 400 PARK AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10022-4406
N-CEN
1
primary_doc.xml
X0201
N-CEN
LIVE
0001737936
XXXXXXXX
811-23348
N-2
City National Rochdale Strategic Credit Fund
811-23348
0001737936
549300Z5M285SUK0Q514
400 Park Avenue
New York
10022
US-NY
US
1-888-889-0799
U.S. Bank National Association
425 Walnut Street
Cincinnati
45202
800-872-2657
Records as Custodian for Trust
SEI Investments Global Funds Services
1 Freedom Valley Drive
OAKS
19456
610-676-1000
Records as Administrator for Trust
CIFC Investment Management LLC
250 Park Avenue
4th Floor
New York
10177
1-212-624-1200
Records as sub-advisor for Trust
U.S. Bank Global Fund Services
777 East Wisconsin Avenue
4th Floor
Milwaukee
53202
800-300-3863
Records As Transfer Agent For Trust
City National Rochdale, LLC
400 North Roxbury Dr
Beverly Hills
90210
310-888-6000
Records as Advisor for Trust
SEI Investments Distribution Co.
1 Freedom Valley Drive
OAKS
19456
610-676-1000
Records as Distributor for Trust
N
N
N
N-2
Y
Jon C. Hunt
N/A
N
Jay C. Nadel
N/A
N
Andrew S. Clare
N/A
Y
James R. Wolford
N/A
N
Daniel A. Hanwacker
N/A
N
Julie C. Miller
N/A
N
Don Andrews
N/A
400 Park Avenue
New York
10022
XXXXXX
N
N
N
N
N
N
N
SEI Investments Distribution Co.
8-27897
000010690
N/A
N
N
EisnerAmper LLP
274
N/A
N
N
N
N
N
N
N
City National Rochdale Strategic Credit Fund
549300Z5M285SUK0Q514
N
1
Interval Fund
Y
N
Y
N
N/A
N/A
N/A
Rule 32a-4 (17 CFR 270.32a-4)
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Y
Y
N
City National Rochdale, LLC
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549300EOOYRQIBYP3C02
N
CIFC Investment Management LLC
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000107050
N/A
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N
U.S. Bank Global Fund Services
N/A
N/A
N
N
N
Intercontinental Exchange, Inc.
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S&P
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IHS Markit
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GB
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Thomson Reuters Corporation
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CA
N
Bloomberg
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Pricing Direct
549300WIC0TOJ7N7GD54
N
N
U.S. Bank National Association
6BYL5QZYBDK8S7L73M02
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
N
SEI Investments Global Funds Services
801-24593
SEC File Number
N
N
N
SEI Investments Distribution Co.
8-27897
000010690
N/A
0
0.00000000
BANK OF AMERICA
008-69787
000283942
549300HN4UKV1E2R3U73
2658953.13000000
ROBERT W. BAIRD & COMPANY
008-00497
000008158
549300772UJAHRD6LO53
7592055.00000000
CITIGROUP GLOBAL MARKETS
008-08177
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33234750.00000000
NOMURA SECURITIES
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CREDIT SUISSE FIRST BOSTON LLC.
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BARCLAYS CAPITAL (DMA)
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NATIONAL ALLIANCE CAPITAL, LLC
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MORGAN STANLEY & CO, INC
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JPM CHASE
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CANTOR FITZGERALD CO.
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N
59850991.32000000
Common stock
City National Rochdale Strategic Credit Fund
N
N
Common stock
N
N
N
1.25000000
1.95000000
8.64000000
8.64000000
false
false
true
false
false
false
INTERNAL CONTROL RPT
2
NCEN_Final-issued_.txt
INTERNAL CONTROL LETTER
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM
To the Board of Trustees
City National Rochdale Strategic Credit Fund
In planning and performing our audit of the
financial statements of City National
Rochdale Strategic Credit Fund (the Fund) as
of and for the year ended May 31, 2020 in
accordance with the standards of the Public
Company Accounting Oversight Board (United
States) (PCAOB), we considered the Funds
internal control over financial reporting,
including controls over safeguarding
securities, as a basis for designing our
auditing procedures for the purpose of
expressing our opinion on the financial
statements and to comply with the requirements
of Form N-CEN, but not for the purpose of
expressing an opinion on the effectiveness of
the Funds internal control over financial
reporting. Accordingly, we express no such
opinion.
The management of the Fund is responsible for
establishing and maintaining effective
internal control over financial reporting. In
fulfilling this responsibility, estimates and
judgments by management are required to assess
the expected benefits and related costs of
controls. A funds internal control over
financial reporting is a process designed to
provide reasonable assurance regarding the
reliability of financial reporting and the
preparation of financial statements for
external purposes in accordance with generally
accepted accounting principles (GAAP). A funds
internal control over financial reporting
includes those policies and procedures that
(1) pertain to the maintenance of records
that, in reasonable detail, accurately and
fairly reflect the transactions and
dispositions of the assets of the fund; (2)
provide reasonable assurance that transactions
are recorded as necessary to permit
preparation of financial statements in
accordance with GAAP, and that receipts and
expenditures of the fund are being made only
in accordance with authorizations of
management and directors of the fund; and (3)
provide reasonable assurance regarding
prevention or timely detection of unauthorized
acquisition, use or disposition of a funds
assets that could have a material effect on
the financial statements.
Because of its inherent limitations, internal
control over financial reporting may not
prevent or detect misstatements. Also,
projections of any evaluation of
effectiveness to future periods are subject
to the risk that controls may become
inadequate because of changes in conditions,
or that the degree of compliance with the
policies or procedures may deteriorate.
A deficiency in internal control over
financial reporting exists when the design or
operation of a control does not allow
management or employees, in the normal course
of performing their assigned functions, to
prevent or detect misstatements on a timely
basis. A material weakness is a deficiency,
or combination of deficiencies, in internal
control over financial reporting, such that
there is a reasonable possibility that a
material misstatement of the Funds annual or
interim financial statements will not be
prevented or detected on a timely basis.
Our consideration of the Funds internal
control over financial reporting was for the
limited purpose described in the first
paragraph and would not necessarily disclose
all deficiencies in internal control over
financial reporting that might be material
weaknesses under standards established by the
PCAOB. However, we noted no deficiencies in
the Funds internal control over financial
reporting and its operation, including
controls over safeguarding securities that we
consider to be a material weakness as defined
above as of May 31, 2020.
This report is intended solely for the
information and use of management and the
Board of Directors of City National Rochdale
Strategic Credit Fund and the Securities and
Exchange Commission and is not intended to be
and should not be used by anyone other than
these specified parties.
/s/ EisnerAmper LLP
EISNERAMPER LLP
Philadelphia, Pennsylvania
July 30, 2020