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) Y Y Y N City National Rochdale, LLC 801-27265 000117198 549300EOOYRQIBYP3C02 N CIFC Investment Management LLC 801-53728 000107050 N/A N N U.S. Bank Global Fund Services N/A N/A N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N S&P 549300U4VWNITEKO2881 N IHS Markit 549300HLPTRASHS0E726 GB N Thomson Reuters Corporation 549300561UZND4C7B569 CA N Bloomberg 254900BF4G8VMW8GG471 N 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 000007059 MBNUM2BPBDO7JBLYG310 33234750.00000000 NOMURA SECURITIES 008-15255 000004297 OXTKY6Q8X53C9ILVV871 28142935.00000000 CREDIT SUISSE FIRST BOSTON LLC. 008-00422 000000816 1V8Y6QCX6YMJ2OELII46 1972650.00000000 BARCLAYS CAPITAL (DMA) 008-41342 000019714 AC28XWWI3WIBK2824319 9878713.59999999 NATIONAL ALLIANCE CAPITAL, LLC 8-48723 000039455 N/A 6165062.50000000 MORGAN STANLEY & CO, INC 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 13634146.50000000 JPM CHASE 008-35008 000000079 ZBUT11V806EZRVTWT807 4679630.00000000 CANTOR FITZGERALD CO. 008-00201 000000134 5493004J7H4GCPG6OB62 2904360.00000000 110863255.73000000 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