https://www.sec.gov/Archives/edgar/data/1026977/000139834417015414/fp0029454_497.htm497 1 fp0029454_497.htm
CITY NATIONAL ROCHDALE FUNDS
City National Rochdale Emerging Markets Fund
Class N (RIMIX)
Class Y (CNRYX)
Supplement dated December 1, 2017, to the Summary Prospectus
dated January 31, 2017
The Board of Trustees of City National Rochdale Funds (the “Trust”) has approved the reorganization of the City National Rochdale Emerging Markets Fund (the “Existing Fund”) into the Fiera Capital Emerging Markets Fund (the “New Fund”), a new series of Fiera Capital Series Trust. The reorganization was proposed by City National Rochdale, LLC (“CNR”), the investment adviser to the Existing Fund, in connection with the acquisition by Fiera Capital Inc. (“FCI”) of certain assets used by CNR in its investment advisory business solely related to the Existing Fund (the “Transaction”). The Transaction closed on December 1, 2017, and as part of the Transaction, the Existing Fund’s portfolio management team joined FCI. Effective upon the closing of the Transaction, the Board of Trustees of the Trust also approved the appointment of FCI as sub-adviser to the Existing Fund, and FCI now provides day-to-day investment advice and recommendations to the Existing Fund using the same portfolio management team that had previously been with CNR, subject to the supervision and oversight of CNR as the Fund’s investment adviser....
Fiera Capital Emerging Markets Fund in registration (reorganized fund)
https://www.sec.gov/Archives/edgar/data/1691994/000114036117044541/form485apos.htm
