The fund will invest at least 80% of its net assets, plus the amount of borrowings for investment purposes, in equity securities. It seeks to achieve its investment objective by investing primarily in common stock of dividend paying companies included within the S&P 500 Index. The fund seeks to hedge the majority of its stock exposure by investing up to 20% of its assets in futures contracts on the Cboe Volatility Index and in cash and cash equivalents, including U.S. Treasury obligations, as a hedge against the common stock held in its portfolio.

Nasdaq

HDCTX

The fund invests primarily in long and short call and put options on futures contracts on the Standard & Poor's 500 Index, and in cash, and cash equivalents. It achieves its investment objective in three ways: (1) Premium Collection - the fund collects premiums on options it sells; (2) Volatility Trading - the fund may enter into positions designed to hedge or profit from either an increase or a decrease in index volatility; and (3) Trend following - the fund may increase or decrease the balance of puts and calls based on trending market direction.

HRSTX

Under normal conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in convertible securities. Convertible securities are "hybrid" securities that possess both fixed income and equity characteristics. The fund will generally invest primarily in investment-grade instruments. It is non-diversified.

PBXIX

The fund provides exposure to major global asset classes including equity indexes, fixed income indexes, interest rates, commodities and currencies. It will also hold a large portion of its assets in cash, money market mutual funds, U.S. Treasury Securities, and other cash equivalents, some or all of which will serve as margin or collateral for the fund's investments.

RDMIX

The fund seeks to achieve its investment objective by primarily investing in agency and non-agency residential and commercial mortgage-backed securities, with a focus on non-agency residential mortgage-backed securities. It does not limit its investments to a particular credit quality and may invest without limitation in debt securities rated below investment grade (commonly referred to as "junk" bonds). The fund is non-diversified.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield	Risk / Return Rank
HDCTX	Rational Equity Armor Fund	Large Cap Value Equities	Feb 28, 2001	1.17%	-1.36%	4.46%	0.12%	58
HRSTX	Rational Tactical Return Fund	Options Trading	Apr 30, 2007	1.99%	-0.36%	17.31%	8.36%	48
PBXIX	Rational/Pier 88 Convertible Securities Fund	Convertible Bonds	Dec 5, 2019	0.99%	-1.71%	—	5.97%	9
RDMIX	Rational/ReSolve Adaptive Asset Allocation Fund	Macro Trading	Sep 29, 2016	1.97%	4.63%	4.05%	0.86%	32
RFXIX	Rational Special Situations Income Fund	Multisector Bonds	Jul 16, 2019	1.76%	1.24%	—	5.55%	98

Rational Funds Mutual Funds List

Risk vs. Return Scatterplot