Rational/RGN Hedged Equity A (RNEAX)

Fund Assets	43.22M
Expense Ratio	2.30%
Min. Investment	$1,000
Turnover	4.00%
Dividend (ttm)	0.16
Dividend Yield	1.19%
Dividend Growth	n/a
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	13.56
YTD Return	17.50%
1-Year Return	28.62%
5-Year Return	n/a
52-Week Low	10.71
52-Week High	13.68
Beta (5Y)	n/a
Holdings	48
Inception Date	n/a

About RNEAX

Rational/RGN Hedged Equity Fund - Class A is an actively managed mutual fund designed to seek long-term capital appreciation through a dual investment approach. The fund maintains a core position with 100% long exposure to the S&P 500 Index, enabling broad participation in U.S. large-cap equity performance. Layered on top of this equity exposure is a quantitative overlay strategy, which deploys both long and short positions in liquid futures and foreign exchange markets. This overlay, driven by proprietary models inspired by computational neuroscience, aims to mitigate downside equity risk, generate positive returns during periods of heightened volatility or directionless markets, and enhance returns during bullish phases. The fund’s approach is rooted in the belief that market inefficiencies can arise from behavioral biases, which are systematically targeted by the overlay’s trading models. This combination offers investors the potential for S&P 500-like returns but with lower volatility and risk-adjusted enhancements, making it a distinctive alternative within the long-short equity category. Rational/RGN Hedged Equity Fund - Class A is particularly notable for its nontraditional, multi-asset risk management and return-seeking overlay strategy, positioning it as an innovative solution for diversified portfolio construction.

• Fund Family: Rational Funds
• Category: Long-Short Equity
• Stock Exchange: NASDAQ
• Ticker Symbol: RNEAX
• Share Class: Class A

Performance

RNEAX had a total return of 28.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 18.98%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
RNEIX	Institutional Class	2.05%
RNECX	Class C	3.05%

Top 10 Holdings

85.81% of assets

Name	Symbol	Weight
State Street Spdr S&p 500 Etf Trust - SS S&P 500 ET-US	n/a	41.17%
Vanguard S&P 500 ETF	VOO	40.36%
First American Treasury Obligs X	FXFXX	2.76%
CHICAGO MERCANTILE EXCHANGE - S&P500 EMINI FUT Jun26	ESM6.INDEX	0.51%
NEW YORK MERCANTILE EXCHANGE - NY Harb ULSD Fut May26	HOK6.COMDTY	0.49%
CHICAGO BOARD OF TRADE - SOYBEAN OIL FUTR May26	BOK6.COMDTY	0.21%
NEW YORK MERCANTILE EXCHANGE - GASOLINE RBOB FUT May26	XBK6.COMDTY	0.17%
CHICAGO MERCANTILE EXCHANGE - NASDAQ 100 E-MINI Jun26	NQM6.INDEX	0.07%
CHICAGO MERCANTILE EXCHANGE - E-Mini Russ 2000 Jun26	RTYM6.INDEX	0.03%
CHICAGO MERCANTILE EXCHANGE - C$ CURRENCY FUT Jun26	CDM6.CURNCY	0.03%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$0.1631	Dec 31, 2025
Dec 17, 2024	$0.0758	Dec 18, 2024

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 28, 2026

Data Sources Report a data error