Rational Premium Income Fund Class A (HRSAX)

Fund Assets	21.81M
Expense Ratio	2.29%
Min. Investment	$1,000
Turnover	n/a
Dividend (ttm)	0.88
Dividend Yield	5.16%
Dividend Growth	n/a
Payout Frequency	Monthly
Ex-Dividend Date	Jul 30, 2026

Previous Close	16.96
YTD Return	7.64%
1-Year Return	9.11%
5-Year Return	22.74%
52-Week Low	15.77
52-Week High	17.32
Beta (5Y)	0.03
Holdings	23
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.

• Fund Family: Rational Funds
• Category: Options Trading
• Performance Rating: Below Average
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: HRSAX
• Share Class: Class A Shares
• Index: S&P 500 TR

Performance

HRSAX had a total return of 9.11% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.33%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
HRSTX	Institutional Shares	2.04%
HRSFX	Class C Shares	3.04%

Top 10 Holdings

176.96% of assets

Name	Symbol	Weight
Total Return Swap	n/a	66.06%
Total Return Swap	n/a	57.67%
United States Treasury Bills 0%	B.0 06.11.26	21.88%
Ford Motor Company 9.625%	F.9.625 04.22.30	5.01%
Energy Transfer LP 6%	ET.6 02.01.29 144A	4.42%
Dell International LLC / EMC Corp. 4.75%	DELL.4.75 04.01.28	4.40%
Constellation Brands, Inc. 4.35%	STZ.4.35 05.09.27	4.39%
Skyworks Solutions, Inc. 1.8%	SWKS.1.8 06.01.26	4.38%
Verisign, Inc. 4.75%	VRSN.4.75 07.15.27	4.37%
Mattel, Inc. 5%	MAT.5 11.17.30	4.37%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 30, 2026	$0.0783	Jul 31, 2026
Jun 29, 2026	$0.0792	Jun 30, 2026
May 28, 2026	$0.0806	May 29, 2026
Apr 29, 2026	$0.0787	Apr 30, 2026
Mar 30, 2026	$0.0751	Mar 31, 2026
Feb 26, 2026	$0.0778	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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