0001752724-21-167355.txt : 20210813 0001752724-21-167355.hdr.sgml : 20210813 20210813123117 ACCESSION NUMBER: 0001752724-21-167355 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210531 FILED AS OF DATE: 20210813 DATE AS OF CHANGE: 20210813 EFFECTIVENESS DATE: 20210813 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: 211170920 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 X0404 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 CIFC Investment Management LLC 875 3rd Avenue 24th Floor New York 10022 1-212-624-1200 Records as sub-advisor for Trust SEI Investments Global Funds Services 1 Freedom Valley Drive OAKS 19456 610-676-1000 Records as Administrator for Trust SEI Investments Distribution Co. 1 Freedom Valley Drive OAKS 19456 610-676-1000 Records as Distributor for Trust City National Rochdale, LLC 400 North Roxbury Dr Beverly Hills 90210 310-888-6000 Records as Advisor for Trust U.S. Bank National Association 425 Walnut Street Cincinnati 45202 800-872-2657 Records as Custodian 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 N N N N-2 Y Daniel A. Hanwacker N/A N Jay C. Nadel N/A N Julie C. Miller N/A N Andrew S. Clare N/A Y Jon C. Hunt N/A N James R. Wolford 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 0 0 Interval Fund Y N N N N/A 0.00000000 0.00000000 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 S&P 549300U4VWNITEKO2881 N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N Bloomberg 254900BF4G8VMW8GG471 N IHS Markit 549300HLPTRASHS0E726 GB N Thomson Reuters Corporation 549300561UZND4C7B569 CA 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 0.00 0.00000000 GOLDMAN, SACHS & CO. 008-00129 000000361 FOR8UP27PHTHYVLBNG30 7376604.40000000 NOMURA SECURITIES INTERNATIONAL, INC. 008-15255 000004297 OXTKY6Q8X53C9ILVV871 4868256.75000000 CREDIT SUISSE FIRST BOSTON LLC. 008-00422 000000816 1V8Y6QCX6YMJ2OELII46 5159538.00000000 WELLS FARGO BROKERAGE SERVICES, LLC 008-65876 000126292 VYVVCKR63DVZZN70PB21 3844000.00000000 ROBERT W. BAIRD & COMPANY 008-00497 000008158 549300772UJAHRD6LO53 6307925.00000000 JPM CHASE 008-35008 000000079 ZBUT11V806EZRVTWT807 6460662.50000000 BROWNSTONE 8-29349 000014055 N/A 6440946.79999999 BARCLAYS CAPITAL (DMA) 008-41342 000019714 AC28XWWI3WIBK2824319 32880784.14999999 MONTGOMERY/BANK OF AMERICA 008-69787 000283942 549300HN4UKV1E2R3U73 11360390.00000000 MORGAN STANLEY & CO, INC 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 20495824.25000000 105194931.00000000 N 119660593.18000001 Common stock City National Rochdale Strategic Credit Fund N N Common stock N N N 1.25 1.95 10.83 10.83 false false true false false false INTERNAL CONTROL RPT 2 CNR_ICL.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, 2021 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, 2021. This report is intended solely for the information and use of management and the Board of Trustees 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 29, 2021