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| April 18, 2022

City National Rochdale Announces Managing Director Promotions

NEW YORK — City National Rochdale (CNR) recently announced its newest managing director promotions. These leaders represent a talented and diverse group across various divisions who have made substantial contributions to CNR and its clients.

“City National Rochdale is dedicated to providing an enriching workplace environment that encourages the development and growth of our colleagues,” said Garrett D’Alessandro, CEO, City National Rochdale. “Our new managing directors are leaders in their field and will help City National Rochdale serve clients into the future.”

Congratulations to CNR’s newest managing directors:

Jason Fabozzi, Managing Director, Business Development Solutions

Fabozzi joined CNR in 2018 and has over 20 years of experience in the financial services industry. He is a member of CNR’s Executive Management Team and is responsible for transforming the sales, portfolio management and service functions using cloud-based technology centered on Salesforce.

Cameron Killeen, CFA, Senior Investment Consultant

Killeen joined CNR in 2018 and has over 10 years of experience in the investment management industry. He is directly responsible for business development throughout the Southwest, where he partners with financial advisors and registered investment advisors to develop customized investment strategies for their high-net-worth clientele.

Michael Nelson, CFA, Senior Investment Consultant

Nelson joined CNR in 2017 and has over 17 years of experience in the financial services industry. Based in New York City, he is responsible for cultivating relationships in the New York area.

Jim Papadakos, Sales Strategy, Marketing, Client Experience

Papadakos joined CNR in 2018 and has over 20 years of experience in the financial services industry. He is a member of the Executive Management Team and is responsible for leading the sales strategy, marketing and client experience functions, where he works closely with internal and external partners to identify opportunities that deliver greater value to clients.

About City National Bank

With $91.3 billion in assets, City National Bank provides banking, investment and trust services through 74 offices, including 19 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville, Atlanta, Minneapolis, Washington, D.C., and Miami*. In addition, the company and its investment affiliates manage or administer $99.8 billion in client investment assets.

City National is a subsidiary of Royal Bank of Canada (RBC), one of North America’s leading diversified financial services companies. RBC serves more than 17 million personal, business, public sector and institutional clients through offices in Canada, the United States and 27 other countries.

For more information about City National, visit the company’s website at cnb.com.

*City National Bank does business in Miami and the state of Florida as CN Bank.

About City National Rochdale

For more than 30 years, City National Rochdale has specialized in intelligently personalized portfolio management for high-net worth individuals, families, and institutions, and provides clients with service that relates all investment decisions to each client’s personal benchmark. City National Rochdale, headquartered in Beverly Hills and New York City with offices around the country, currently manages over $56.7 billion in assets (as of 1/31/2022) and is a wholly owned subsidiary of City National Bank. City National Rochdale is an affiliate of City National Bank, which is a subsidiary of Royal Bank of Canada. For more information, visit www.cnr.com.

Media Contact

Tom Doelp, City National Bank, (201) 452-8681

Tom.Doelp@cnb.com

City National Rochdale Announces Managing Director Promotions

Important Disclosures

Risk Disclosures:

Investing involves risk including the potential loss of principal. There is no guarantee that a diversified portfolio will outperform a non-diversified portfolio in any given market environment. No investment strategy, such as asset allocation, can guarantee a profit or protect against loss in periods of declining values. Bond and bond funds are subject to interest rate risk and will decline in value as interest rates rise. High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of the investment. There is no guarantee that the Fund's income will be exempt from federal or state income taxes. Capital gains, if any, are subject to capital gains tax. Income from municipal bonds may be subject to the alternative minimum tax. Please note that individual situations can vary. Therefore, the information presented here should only be relied upon when coordinated with individual professional advice.

An investor should consider carefully the Fund’s investment objectives, risks, charges and expenses. The Fund’s summary and full prospectus contains this and other important information about the investment company, and it may be obtained by calling 800-245-9888. Please read it carefully before investing.

The fund is distributed by SEI Investments Distribution Co. (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456. SIDCO is not affiliated with City National Rochdale Investment Management, City National Bank, or any of their affiliates or the sub-advisors.

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