CNI CHARTER FUNDS
 
Dividend & Income Fund
Class N (RIMHX)

Intermediate Fixed Income Fund
Class N (RIMCX)

Fixed Income Opportunities Fund
Class N (RIMOX)

Emerging Markets Fund
Class N (RIMIX)

Supplement dated May 31, 2013, to the currently
effective Statement of Additional Information
 
The chart under the section titled “Officers” beginning on page 39 is replaced in its entirety with the following:
 
Officers
 
Name Address Age
Position with the Trust
Term of Office (1)
and Length of
Time Served
Principal Occupation for the Past Five Years
Garrett R. D’Alessandro  
Rochdale Investment Management LLC
570 Lexington Avenue
New York, NY 10022
Age: 55
President and Chief Executive Officer
 
Since 2013
President, Chief Executive Officer and Director of Research, Rochdale Investment Management, LLC (“Rochdale”) (1986- present).
Eric Kleinschmidt
SEI Investments
One Freedom Valley Drive
Oaks, Pennsylvania 19456
Age: 44
Controller and Chief Operating Officer
 
Since 2005
Director of Fund Accounting, SEI Investments Company (2004-present). Manager of Fund Accounting, SEI Investments (1999-2004).
F. Michael Gozzillo
Rochdale Investment Management LLC
570 Lexington Avenue
New York, NY 10022
Age: 48
Vice President and Chief Compliance Officer
Since 2013
SVP & Chief Compliance Officer, Rochdale (2012-present). CCO, the Rochdale High Yield Alternative Strategies Master Fund LLC, Rochdale High Yield Alternative Strategies Fund LLC, Rochdale High Yield Alternative Strategies Fund TEI LLC, Rochdale Structured Claims Fixed Income Fund LLC, Rochdale Alternative Total Return Fund and Rochdale International Trade Fixed Income Fund (2013-present). Director & Compliance Officer, TIAA-CREF (2008-2012). CCO, TIAA-CREF Life Insurance Co. Separate Accounts (2009-2012).
 
 
 

 
 
Name Address Age
Position with the Trust
Term of Office (1)
and Length of
Time Served
Principal Occupation for the Past Five Years
Lisa Whittaker
SEI Investments
One Freedom Valley Drive
Oaks, Pennsylvania 19456
Age: 34
Vice President and Secretary
Since 2012
Attorney, SEI Investments Company (2012-present). Associate Counsel, The Glenmede Trust Company (2011-2012).  Associate, Drinker Biddle & Reath LLP (2006-2011).
William O’Donnell
Rochdale Investment Management LLC
570 Lexington Avenue
New York, NY 10022
Age: 49
 
Vice President and Assistant Treasurer
 
 
Since 2013
 
Chief Financial Officer, Rochdale (2011-present).  Financial Consultant (2009-2011).  Financial Officer, Compliance Officer and Corporate Secretary, Clay Finlay LLC (1990-2009).
Kurt Hawkesworth
Rochdale Investment Management LLC
570 Lexington Avenue
New York, NY 10022
Age: 42
Vice President
 
Since 2013
Chief Operating Officer, Rochdale (2003-present).
Anthony Sozio
Rochdale Investment Management LLC
570 Lexington Avenue
New York, NY 10022
Age: 42
Vice President
 
Since 2013
Assistant Vice President of Registered Fund Operations, Rochdale
(1998-present).
Bernadette Sparling
SEI Investments
One Freedom Valley Drive
Oaks, Pennsylvania 19456
Age: 35
Vice President and Assistant Secretary
Since 2010
Attorney, SEI Investments Company (2005-present). Associate, Blank Rome LLP (2001-2005).
Brent Vasher
SEI Investments
One Freedom Valley Drive
Oaks, Pennsylvania 19456
Age: 30
Vice President and Assistant Secretary
Since 2010
Attorney, SEI Investments Company (2008-present). Associate, Law Office of Lloyd Z. Remick (2006-2008).
 
(1)  Each officer serves until removed by the Board or the principal executive officer of the Trust, or until such officer resigns.

The reference to December 15, 2011 as the commencement date of the Emerging Markets Fund on pages 45-46, 55 and 67 are replaced with a reference to December 14, 2011.
 
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.

CNI-SK- 026-0100
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