AMENDMENT TO THE CUSTODY AGREEMENT

AMENDMENT TO THE CUSTODY AGREEMENT

THIS AMENDMENT dated as of March 20, 2020 to the Custody Agreement dated as of August 1, 2011, as amended (the “Custody Agreement”), is entered into by and between CITY NATIONAL ROCHDALE FUNDS, a Delaware trust (the "Trust") and U.S. BANK, N.A., a national banking association (the "Custodian").

RECITALS

WHEREAS, the parties have entered into the Custody Agreement; and

WHEREAS, the parties desire to amend the fee schedule in Exhibit D of the Agreement to add the Chief Compliance Officer Support Fee; and

WHEREAS, Article XV, Section 15.02 of the Custody Agreement allows for its amendment by written agreement of the parties;

NOW, THEREFORE, the parties agree as follows:

Exhibit D is superseded and replaced with Exhibit D attached hereto.

Except to the extent amended hereby, the Custody Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year last written below.

CITY NATIONAL ROCHDALE FUNDS			U.S. BANK, N.A.
By:	e-SIGNed by Xxxxxxx Xxxxx on 06-12-2020		By:
Name:			Name:
Title:			Title:
Date:			Date:

Amended Exhibit C to the Custody Agreement

Fund Names

Separate Series of City National Rochdale Funds

City National Rochdale High Yield Bond Fund

City National Rochdale Government Money Market Fund

City National Rochdale California Tax Exempt Bond Fund

City National Rochdale Corporate Bond Fund

City National Rochdale Government Bond Fund

City National Rochdale U.S. Core Equity Fund

City National Rochdale Dividend & Income Fund

City National Rochdale Fixed Income Opportunities Fund

City National Rochdale Intermediate Fixed Income

Fund City National Rochdale Municipal High Income Fund

City National Rochdale Short Term Emerging Markets Debt Fund

EXHIBIT D to the Custody Agreement

DOMESTIC CUSTODY SERVICES

ANNUAL FEE SCHEDULE at June, 2011

Annual Fee Based Upon Market Value of the Complex

0.60 basis points for the first $ 1 billion of assets

0.50 basis points on the next $2 billion of assets

0.35 basis points on the next $2 billion of assets

0.30 basis points on the next $5 billion of assets

0.25 basis points on the balance

▪ Overdrafts – charged to the account at Prime Interest rate plus 2%

▪ Market Value will be based on the average daily market value of the complex based on custodian records.

Chief Compliance Officer Support Fee

▪ $2,000 per year per fund complex

Out-Of-Pocket Expenses

Including but not limited to expenses incurred in the safekeeping, delivery and receipt of securities, shipping, transfer fees, deposit withdrawals at custodian (DWAC) fees, and extraordinary expenses based upon complexity. Fees for Global assets will be stated separately

Fees are billed monthly.

Exhibit D (continued) –to the Custody Agreement

GLOBAL SUB-CUSTODIAL SERVICES ANNUAL FEE SCHEDULE effective June 1, 2011
Country	Instrument	Safekeeping (BPS)	Transaction Fee		Country	Instrument	Safekeeping (BPS)	Transaction Fee
Argentina	All	12.00	$32		Lebanon	All	20.00	$72
Australia	All	1.00	$15		Lithuania	All	16.00	$40
Austria	All	1.70	$17		Luxembourg	All	3.20	$25
Bahrain	All	40.00	$112		Malaysia	All	2.90	$39
Bangladesh	All	32.00	$120		Mali*	All	32.00	$124
Belgium	All	1.20	$22		Malta	All	17.60	$60
Benin*	All	32.00	$124		Mauritius	All	24.00	$80
Bermuda	All	12.00	$48		Mexico	All	1.50	$10
Botswana	All	20.00	$40		Morocco	All	28.00	$80
Brazil	All	7.20	$17		Namibia	All	24.00	$40
Bulgaria	All	32.00	$64		Netherlands	All	1.50	$12
Burkina Faso*	All	32.00	$124		New Zealand	All	2.00	$26
Canada	All	1.00	$6		Niger*	All	32.00	$124
Cayman Islands*	All	0.80	$8		Nigeria	All	24.00	$40
Channel Islands*	All	1.20	$20		Norway	All	1.50	$22
Chile	All	16.00	$48		Oman	All	40.00	$112
China” A” Shares	All	9.60	$42		Pakistan	All	24.00	$80
China“B” Shares	All	9.60	$42		Peru	All	35.00	$85
Columbia	All	32.00	$80		Philippines	All	3.90	$36
Costa Rica	All	12.00	$48		Poland	All	12.00	$24
Croatia	All	28.00	$52		Portugal	All	4.80	$39
Cyprus*	All	12.00	$45		Qatar	All	36.00	$112
Czech Republic	All	9.60	$24		Romania	All	28.00	$80
Denmark	All	1.50	$24		Russia	Equities/Bonds	30.00	$165
Ecuador	All	28.00	$52		Russia	MINFINs	12.00	$40
Egypt	All	25.60	$64		Senegal*	All	32.00	$124
Estonia	All	5.60	$20		Singapore	All	1.50	$20
Euromarkets(3)	All	1.00	$4		Slovak Republic	All	20.00	$88
Finland	All	2.40	$22		Slovenia	All	20.00	$88
France	All	1.00	$15		South Africa	All	1.50	$8
Germany	All	1.00	$15		South Korea	All	4.80	$10
Ghana	All	20.00	$40		Spain	All	1.00	$15
Greece	All	7.20	$33		Sri Lanka	All	12.00	$48
Guinea Bissau*	All	40.00	$124		Swaziland	All	24.00	$40
Hong Kong	All	2.00	$25		Sweden	All	1.00	$22
Hungary	All	20.00	$60		Switzerland	All	1.00	$24
Iceland	All	12.00	$45		Taiwan	All	12.00	$64
India	All	8.00	$84		Thailand	All	2.90	$22
Indonesia	All	5.80	$68		Togo*	All	32.00	$124
Ireland	All	1.50	$15		Trinidad & Tobago*	All	24.00	$52
Israel	All	9.60	$29		Tunisia	All	32.00	$36
Italy	All	1.50	$24		Turkey	All	9.60	$10
Ivory Coast	All	32.00	$124		UAE	All	36.00	$104
Jamaica*	All	28.00	$40		United Kingdom	All	1.00	$5
Japan	All	1.00	$8		Ukraine	All	19.20	$29
Jordan	All	32.00	$100		Uruguay	All	40.00	$52
Kazakhstan	All	48.00	$120		Venezuela	All	32.00	$100
Kenya	All	24.00	$40		Vietnam*	All	32.00	$104
Latvia	Equities	12.00	$60		Zambia	All	24.00	$40
Latvia	Bonds	20.00	$72

* Additional customer documentation and indemnification will be required prior to establishing accounts in these markets.

Base Fee - A monthly base charge per account (fund) will apply based on the number of foreign securities held.

1-50 foreign securities: $500*

51-100 foreign securities: $1,000 Over 100 foreign securities: $1,500

Exhibit D (continued) –to the Custody Agreement

* Note: Trading in the following markets are not allowed at the $500 monthly base fee: Bangladesh, Brazil, Chile, Columbia, Croatia, Czech Republic, Equator, Egypt, Estonia, India, Indonesia, Lebanon, Malaysia, Pakistan, Peru, Poland, Portugal, Qatar, Slovenia, Sri Lanka, Taiwan, Tunisia, Turkey, Ukraine, Zambia, China-Shanghai, China-Shenzhen, Ivory Coast, Jordan, Kazakhstan, Oman, South Korea, United Arab Emirates, and Venezuela.

▪ Euro clear – Eurobonds only. Eurobonds are held in Euroclear at a standard rate, but other types of securities (including but not limited to equities, domestic market debt and mutual funds) will be subject to a surcharge. In addition, certain transactions that are delivered within Euroclear or from a Euroclear account to a third party depository or settlement system, will be subject to a surcharge (surcharge schedule available upon request).

▪ For all other markets specified above, surcharges may apply if a security is held outside of the local market.

Straight Through Processing – fees waived.

Cash Transactions:

▪ 3rd Party Foreign Exchange – a Foreign Exchange transaction undertaken through a 3rd party will be charged $50.

Tax Reclamation Services: May be subject to additional charges depending upon the service level agreed. Tax reclaims that have been outstanding for more than 6 (six) months with the client will be charged $50 per claim.

Out of Pocket Expenses

▪ Charges incurred by U.S. Bank, N.A. for local taxes, stamp duties or other local duties and assessments, stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees, proxy services and other shareholder communications or other expenses which are unique to a country in which the client or its clients is investing will be passed along as incurred.

▪ A surcharge may be added to certain out-of-pocket expenses listed herein to cover handling, servicing and other administrative costs associated with the activities giving rise to such expenses. Also, certain expenses are charged at a predetermined flat rate.

▪ SWIFT reporting and message fees.