Rational Premium Income Fund Class A (HRSAX)
| Fund Assets | 26.44M |
| Expense Ratio | 2.29% |
| Min. Investment | $1,000 |
| Turnover | n/a |
| Dividend (ttm) | 1.10 |
| Dividend Yield | 6.47% |
| Dividend Growth | 60.30% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Jan 29, 2026 |
| Previous Close | 16.21 |
| YTD Return | -0.07% |
| 1-Year Return | 2.65% |
| 5-Year Return | 258.66% |
| 52-Week Low | 16.56 |
| 52-Week High | 17.08 |
| Beta (5Y) | n/a |
| Holdings | 9 |
| Inception Date | May 1, 2007 |
About HRSAX
Rational Tactical Return Fund Class A is a mutual fund that specializes in an alternative investment strategy focused on options trading. The fund primarily invests in long and short call and put options on futures contracts linked to the S&P 500 Index, while also holding cash and cash equivalents. Its objective is to generate total return through long-term capital appreciation and income, leveraging three core approaches: premium collection from selling options, volatility trading to hedge or profit from market swings, and trend following to adjust positions based on market direction. The fund is designed to deliver returns that are not closely correlated with traditional equity markets, aiming for consistency and risk mitigation through disciplined risk management. Managed by Warrington Asset Management, the fund benefits from a long-standing track record in options-based strategies and a focus on noncorrelated performance. Rational Tactical Return Fund Class A is suitable for investors seeking diversification and exposure to alternative asset management techniques within a regulated mutual fund structure.
Performance
HRSAX had a total return of 2.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.10%.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Bills 0% | B.0 01.22.26 | 41.22% |
| First American Treasury Obligations Fund | FXFXX | 28.58% |
| Us Dollar Future | n/a | 15.78% |
| United States Treasury Bills 0% | B.0 06.11.26 | 14.52% |
| Emini Sp M Week O Dec25p 5900 | n/a | 0.01% |
| S&P500 Emini Optn Nov25p 5350 | n/a | 0.01% |
| Emini Sp W Week O Dec25p 5500 | n/a | 0.01% |
| Emini Sp M Week O Dec25p 5800 | n/a | -0.01% |
| Cash | n/a | -0.10% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 29, 2026 | $0.0781 | Jan 30, 2026 |
| Dec 17, 2025 | $1.0225 | Dec 18, 2025 |
| Dec 17, 2024 | $0.6866 | Dec 18, 2024 |
| Dec 15, 2023 | $0.9007 | Dec 18, 2023 |
| Dec 16, 2022 | $0.0486 | Dec 19, 2022 |
| Apr 22, 2022 | $0.330 | n/a |