25 aug, '23.
https://www.bloomberg.com/news/videos/2023-08-25/bloomberg-real-yield-08-25-23-video

25 august, '23.
https://www.bloomberg.com/news/videos/2023-08-26/wall-street-week-08-25-2023-video

https://www.sec.gov/Archives/edgar/data/1026977/000139834423015921/fp0084986-2_497.htm
497 1 fp0084986-2_497.htm
CITY NATIONAL ROCHDALE FUNDS
CITY NATIONAL ROCHDALE CALIFORNIA TAX EXEMPT BOND FUND
Servicing Class (CNTIX)
Class N (CCTEX)
Supplement dated August 25, 2023, to the Summary Prospectus, Statutory Prospectus and the
Statement of Additional Information, each dated January 31, 2023
The Board of Trustees of City National Rochdale Funds has approved a Plan of Liquidation for the City National Rochdale California Tax Exempt Bond Fund (the "Fund"), which authorizes the termination, liquidation, and dissolution of the Fund. In order to effect such liquidation, effective as of the close of business on September 15, 2023, the Fund will be closed to all investments by existing shareholders, and no new Fund accounts may be opened. Shareholders may redeem their shares until the date of liquidation.
The Fund will be liquidated on or about October 16, 2023 (the "Liquidation Date"), and shareholders may voluntarily redeem their shares until the Liquidation Date. Prior to the Liquidation Date, the Fund may declare and pay its shareholders of record one or more dividends or other distributions consisting of any undistributed income and net realized capital gains. On or promptly after the Liquidation Date, the Fund will make a liquidating distribution to its remaining shareholders equal to each shareholder's proportionate interest in the net assets of the Fund, in complete redemption and cancellation of the Fund's shares held by the shareholder, and the Fund will be dissolved.
In anticipation of the liquidation of the Fund, City National Rochdale, LLC, the Fund's adviser, may manage the Fund in a manner intended to facilitate its orderly liquidation, such as by raising cash or making investments in other highly liquid assets. As a result, during this time, all or a portion of the Fund may not be invested in a manner consistent with its stated investment strategies, which may prevent the Fund from achieving its investment objective.
Please contact the Fund at 1-888-889-0799 if you have any questions.
Important Information for Shareholders with IRA Accounts
If you hold your shares in an IRA, you should consult your tax adviser regarding the liquidation of the Fund. You may have 60 days from the date you receive your proceeds to "roll over" your proceeds into another IRA and maintain their tax-deferred status. You must notify the Fund prior to the Liquidation Date of your intent to roll over your IRA account to avoid federal and potential state withholding deductions from your proceeds. If the Fund has not received your redemption request or other instruction, your shares will be liquidated on the Liquidation Date, and you will receive your proceeds from the Fund, subject to any required withholding.
If you have questions or need assistance, please contact a shareholder services representative of the Fund at 1-888-889-0799.
*****
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.

“The process (rate hike) still have a way to go” said Powell. This implies the rate will stay higher and longer.
https://npr.org/2023/08/25/1195908947/federal-reserve-jerome-powell-inflation-economy-interest-rates
Somehow the market likes that.

Live - die by tsla 15% of portfolio/
OPTIONS - Strangle tsla wkly 12 15% delta to squeeze out additional +0.25% weekly premiums / hope for 12 13% additional premiums by yr end

With my previous employer (a big box retailer) from whom I retired last year after 35 years, due to a 15% employer match and rapid appreciation its stock alone escalated to 25% of my portfolio. Have whittled that down to @10% after using proceeds for mortgage down payment and charitable gifting. No hurry to reduce further as company pays a dividend and is stable.

According to the fund page at Northern Trust, ARK was removed on Aug 22, 2022, with responsibility for managing the assets reallocated among the remaining five subadvisors on or about Aug 31, 2022.
https://www.northerntrust.com/united-states/what-we-do/investment-management/northern-funds/funds-and-performance/equity/NENGX
According to the fund fact sheet, Northern Trust replaced Strategic Global Advisors with Boston Common Asset Management on Dec 3, 2021. That appears to have been a straight swap; no reallocation is indicated.
https://cdn.northerntrust.com/pws/nt/documents/fact-sheets/mutual-funds/individual/nf_nengx_factsheet.pdf
According to an older (March 2021) version of the fact sheet, Segall Bryant & Hamill was terminated as a subadvisor on May 15, 2020 with assets reallocated among the remaining six subadvisors shortly thereafter.
https://web.archive.org/web/20210516141418/https://cdn.northerntrust.com/pws/nt/documents/fact-sheets/mutual-funds/individual/nf_nengx_factsheet.pdf?bc=25545033
The Northern Trust fund managers were changed in June 2022 (Diez replacing Hart) and in May 2023 (Finegan replacing Vella). Their responsibility is to oversee the fund. Perhaps Diez was responsible for dumping ARK, or perhaps Hart was replaced for supporting ARK too long. Who knows? I'm just looking at the timing.
However, the day to day management of the fund (what we typically think of as the "real" fund management) is handled by the subadvisors. One can't tell who the people are doing the day-to-day management by looking at the fund managers.
In contrast, when third party firms serve a fund advisors (not subadvisors), then it is the day-to-day managers who are listed as the fund managers. For example, VWIGX is advised (not subadvised) by Schroder and Baillie Gifford, and it is their people who are listed as the fund managers.
As one can see from the two NT manager changes, the "new team" did not "take the reins" in May 2023 as M* wrote. Rather, the change was piecemeal, with one change occurring in June 2022. M* suggests that because of this complete turnover of the two NT managers, the past record is now inapplicable - the strategy may have changed. Never mind that (aside from dropping ARK from 5% of the portfolio) the same subadvisor firms have been in place since the end of 2021.
The "people" section of the M* review was computer-generated (it is flagged with a 'Q'). Which just goes to show that humans still rule. Humans can go beyond what's input to the program to who is actually managing the funds. We can look beyond its "listed management team" changes (NT managers) to see that the subadvisor firms have been fairly stable, allocations have been fairly stable, suggesting that strategy has been stable. No subadvisor changes or reallocations have been made since this "new team" took "the reins."

Watch in about an hour, 9am Central/10am Eastern,

I think that one can quote 10-25% under fair use, less the better.
Paraphrasing the essence of the article is another way, my preferred way. I didn't mean just word replacements for paraphrasing.
I did listen to 2 songs that @msf noted on a famous copyright case. It was more the similarity of tunes, not words. Songs can be copyrighted as text and/or audio/video. I recall hearing both songs in the years past and I remember thinking that they sounded similar - many songs do, and one song often reminds about another song. Some popular religious songs are blatant copies of commercial tunes. One can drive a truck under the shades of improvisations. As Ringo Starr noted that George Harrison was just unlucky that it became a legal case. George Harrison noted that, actually, he was trying to sound like ANOTHER song, not the one for which the copyright lawsuit was filed. I think he didn't want to settle either. His version was MUCH more popular than the other song and I am sure that he could have settled easily with the estate of the other song writer/composure if he wanted to.
Only the copyright holder can complain formally. Others can Flag for the protection of forum/site managers.
Beyond the poster, the hosting site can also get into trouble for copyright violations. So, on a serious copyright violation, the MFO may be contacted first, and then Vanilla. The identity of the anonymous poster may become known only in any legal proceeding.

It belonged to Northern Trust multi-manager funds. These have NT managers allocating $s to external advisors.
NENGX had 5 external subadvisors according to a recent report. ARK was removed as a subadvisor in 2021. The NT managers for the fund were changed in June 2022 and May 2023. In M* analyst report (computer-generated?), it is mentioned that fund strategy was also changed in May 2023 without being specific; I couldn't figure that out from the fund literature.
Fund inception was November 2017. There were good inflows in 2017-19, but outflows from 2021-now. Performance was so-so in global-blend category. Current AUM of $176.2 million was probably not much when split among so many external advisors.

That's a false dichotomy.
There are various perspectives including the pragmatic and the principled. Pragmatically, you most likely won't get caught. I take a pragmatic perspective on a daily basis when I jaywalk. I will not be cited. Rudy is no longer mayor of NYC.
Rudy Opens New War on Jaywalkers, NYPost, July 8, 2000.
Then there's the principled perspective. As Yogi described, fair use permits limited copying of material. And California permits (technically decriminalizes) jaywalking in limited situations - when "safe" to do so.
https://www.sacbee.com/news/politics-government/capitol-alert/article266903931.html
Or one can take a more restrained approach. Post nothing, stay within the crosswalks.
Side note: Copyright infringement is not prosecuted as a crime unless it is committed "for purposes of commercial advantage or private financial gain". 17 USC 506(a)(1)(A). That could have pragmatic implications (affecting the likelihood of getting caught). Offered as an observation, not advice.

Rolled over a large maturing 6-mo t-bill into another 6-month one at 5.50%.

I don't know if you could get a response from either pbi or Kroll without [a letter], but Kroll has all the information you would expect already, DOB name address etc
FWIW, from TIAA's FAQ on the data breach:

Can I find out if I am affected without waiting for a letter?
Yes, you can contact the call center, which is being managed by Kroll, at 1-866-373-7560. The call center is open Monday through Friday from 9 a.m. to 6:30 p.m. Eastern time (excluding U.S. holidays).

https://www.tiaa.org/public/land/data-security-faqs
Here's a template of the letter that is sent to people affected by the TIAA breach (fill in name, etc.)
https://www.databreaches.net/teachers-insurance-and-annuity-association-of-america-notifying-2630717-after-pbi-alerts-them-to-moveit-breach/

AAII Sentiment Survey, 8/23/23
BEARISH became the top sentiment (35.9%; above average) & neutral became the bottom sentiment (31.8%; near average); bullish became the middle sentiment (32.3%; below average); Bull-Bear Spread was -3.6% (below average). Investor concerns: Inflation (still high); economy; the Fed; dollar; crypto regulations; market volatility (VIX, VXN, MOVE); Russia-Ukraine war (78+ weeks, 2/24/22-now); geopolitical. For the Survey week (Th-Wed), stocks were mixed (growth up, cyclicals down), bonds up, oil down, gold up, dollar flat. #BRICS announced expansion. Indian #MoonLanding cost $75 million. Fed #JacksonHole conf starting. #AAII #Sentiment #Markets
LINK

Following are excerpts from a current science report by The Economist:

August 23rd 2023
Paul Markillie
Innovation Editor
Invented in the late 1970s, Li-ion batteries took more than a decade to commercialise, at first for portable electronic devices and then, in bigger versions, for cars. It is the Li-ion cell, not heavy lead-acid batteries or other technologies, that has made the electrification of transport possible.
Well, almost possible. Range and recharging times need to be improved before there is a mass adoption of EVs. The i3 could, in real-world driving conditions, manage about 250km after an overnight charge. Even though some modern EVs can travel twice that distance on one charge, many drivers are looking for more. This week’s Science section explores how increased range and faster charging times are coming with a new generation of “solid-state” Li-ion batteries. These should allow EVs to go for some 1,200km and be recharged in only ten minutes or so.
Carmakers started developing solid-state versions of Li-ion batteries because the liquid electrolytes that present-day versions contain are extremely flammable. This can result in those batteries bursting into flames. Solid-state batteries use solid electrolytes, which are non-flammable. This also allows a broader range of materials to be used inside the battery, enabling them to squirrel away a much greater charge in a smaller space.
Having overcome a number of technical challenges, a variety of different solid-state batteries are now being readied for production. Toyota, for one, says it plans to start making them in 2027. Nissan, BMW and Volkswagen have similar batteries in the works. Prototypes could start appearing in test cars within a year or two.
At first, solid-state batteries will be expensive and made in limited numbers as manufacturers look for ways to scale up production for the mass market. That means they are likely to start off in sports cars and luxury vehicles, for which buyers are prepared to pay premium prices. The price of raw materials, like lithium, will also have a big effect on costs. It could be sometime into the 2030s before solid-state batteries are widely available for family cars and city runabouts. But they will be worth waiting for. When these new batteries become available, EV drivers will finally be able to leave range anxiety in their dust.

You can follow my trades at Twitter
https://twitter.com/Qua59557042/status/1683917172202954752?s=20
Got out most mutual funds
Trade more options
Up 840k last 7 months after new yr
Blew away 285k last 3 wks
Lucky I slow down
Be very careful from now on
Couple trade earlier
TSLA 09/08/2023 P $212.50 in $2.40
Pltr csp 13.5$ expire next fri
Snow csp 127$ expire this fri
More nvda 2 yrs hold
Sold brk.b
Closed lots snow smci microsoft put..profits 30 50%
Scare rugged pull w earnings
Others may charge 290 300 per months for following their live trades
I got them from my own research and chart analysis...I see lots resemblance from mine trades after I posted them
Very aggressive trades I don't recommend for retirees...or just 2 3% of portfolio trading options for fun ..
I will definitely slow down and be very cautious now..hope 85% Win rates from now unless ccp go into taiwan

I don't post $ or % amounts, sorry.
I provide information for others to use. Posters are free to use it or not. I am not into showboating.
My post(s) on FRN purchase details on THIS thread were in response to specific questions from posters.
BTW, I had already started an OP on FRNs several days ago that had general info and has been posted elsewhere too.

"Showboating"? It is not about "showboating", it is about providing clarifying information to other posters, to better explain your posts about investing in a particular fund. If you own 50 funds, and you open a small, almost token position, of 1 or 2%, that is very different than a poster who owns no more than 10 funds, with a 10 to 20%+ position in each fund, taking on more significant risk.

dt, my CD purchases are generally in the 6 figures, sometimes up to the FDIC insurance limit.
Fred

Fred, thanks--I invest in the same amounts.

FRN Auction result, 8/23/23, https://www.treasurydirect.gov/instit/annceresult/press/preanre/2023/R_20230823_1.pdf
Edit/Add. Current coupon 5.425%