American Beacon to assume oversight of three City National Rochdale funds from RBC Rochdale

  • American Beacon Advisors will take over fund management oversight for three City National Rochdale Funds currently advised by RBC Rochdale, with closings expected between September 2026 and January 2027, subject to shareholder approval and customary conditions.
  • City National Rochdale Fixed Income Opportunities Fund is set to reorganize into the American Beacon TwentyFour Strategic Income Fund, sub-advised by TwentyFour Asset Management (US).
  • City National Rochdale Municipal High Income Fund is expected to reorganize into a proposed exchange-traded fund series within American Beacon Select Funds, sub-advised by Aberdeen Investments.
  • City National Rochdale Strategic Credit Fund will be renamed American Beacon CIFC Strategic Credit Fund, with CIFC Investment Management continuing as sub-advisor.


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