Rational Premium Income Fund Class A (HRSAX)
| Fund Assets | 22.34M |
| Expense Ratio | 2.29% |
| Min. Investment | $1,000 |
| Turnover | n/a |
| Dividend (ttm) | 1.33 |
| Dividend Yield | 7.97% |
| Dividend Growth | n/a |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 29, 2026 |
| Previous Close | 16.71 |
| YTD Return | 6.19% |
| 1-Year Return | 7.70% |
| 5-Year Return | 21.70% |
| 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.
Performance
HRSAX had a total return of 7.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.26%.
Top 10 Holdings
176.12% of assets| Name | Symbol | Weight |
|---|---|---|
| Rcxthrs2 Index | n/a | 66.50% |
| Recv Rcxtco01 Index | n/a | 55.98% |
| United States Treasury Bills 0% | B.0 06.11.26 | 22.01% |
| Ford Motor Company 9.625% | F.9.625 04.22.30 | 5.04% |
| Energy Transfer LP 6% | ET.6 02.01.29 144A | 4.46% |
| Dell International LLC / EMC Corp. 4.75% | DELL.4.75 04.01.28 | 4.45% |
| Mattel, Inc. 5% | MAT.5 11.17.30 | 4.43% |
| Constellation Brands, Inc. 4.35% | STZ.4.35 05.09.27 | 4.42% |
| Verisign, Inc. 4.75% | VRSN.4.75 07.15.27 | 4.42% |
| Skyworks Solutions, Inc. 1.8% | SWKS.1.8 06.01.26 | 4.40% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Jan 29, 2026 | $0.0781 | Jan 30, 2026 |