City National Rochdale | April 25, 2022

City National Rochdale Expands Fixed Income Team

NEW YORK — City National Rochdale (CNR) has hired Katherine Hartl as the new senior quantitative analyst for fixed income. Hartl is responsible for accelerating quantitative strategies and brings a wealth of experience over years of service for the government and financial services industry.

In addition to quantitative strategy, Hartl will lead transition of CNR code, improve quantitative process for investment grade automation models, expand capabilities of risk controlled yield optimization framework, and much more. Previously, Hartl held leadership positions at the Federal Reserve Bank of Boston, Barclays, and Clarivest Asset Management.

A graduate of the University of California, San Diego, Hartl earned her bachelor’s degree in applied mathematics and later earned a Master of Financial Engineering from the Hass School of Business at the University of California, Berkeley and a Master of Economics from Boston University.

Hartl is also a concert pianist with a minor in music from the University of California, San Diego and holds a graduate certificate in piano performance from the Thornton School of Music at the University of Southern California.

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

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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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