Rational Strategic Allocation Fund (HBAFX)
The fund aims to invest in S&P 500 Index futures contracts and income-oriented securities to achieve its objectives. It also maintains notional exposure to the index through futures contracts to gain economic exposure to U.S. equities.
Fund Info
US6282558468
628255846
Jul 29, 2009
$1,000
Large-Cap
Expense Ratio
HBAFX has a high expense ratio of 1.81%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Rational Strategic Allocation Fund (HBAFX) returned -14.24% year-to-date (YTD) and -21.39% over the past 12 months. Over the past 10 years, HBAFX returned 0.36% annually, underperforming the S&P 500 benchmark at 10.85%.
HBAFX
-14.24%
9.05%
-22.30%
-21.39%
-4.99%
2.82%
0.36%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of HBAFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.78% | -6.79% | -12.54% | -7.10% | 8.09% | -14.24% | |||||||
| 2024 | 2.48% | 6.78% | 7.71% | -5.79% | 4.58% | 3.42% | 0.52% | -4.32% | -0.00% | -4.83% | 7.45% | -9.98% | 6.33% |
| 2023 | 7.27% | -3.12% | -0.14% | 1.54% | -0.14% | 6.08% | 3.78% | -2.13% | -6.41% | -3.70% | 11.38% | 2.94% | 17.15% |
| 2022 | -5.92% | -3.51% | 3.30% | -10.91% | -1.05% | -11.32% | 9.97% | -4.23% | -13.89% | 7.33% | 5.60% | -11.00% | -32.94% |
| 2021 | -0.67% | 3.58% | 4.33% | 5.93% | 0.59% | 2.59% | 2.78% | 3.36% | -4.37% | 7.89% | -1.15% | 4.86% | 33.33% |
| 2020 | 0.10% | -7.36% | -17.03% | 2.18% | 2.53% | 1.60% | 2.32% | 0.13% | 0.12% | -2.53% | 12.58% | 4.79% | -3.41% |
| 2019 | 3.83% | 1.26% | 1.14% | 1.24% | -2.75% | 2.76% | 1.85% | -0.10% | 0.63% | 0.10% | 1.11% | 0.89% | 12.48% |
| 2018 | 3.48% | -2.60% | -1.35% | 0.60% | 1.10% | -0.62% | 1.59% | 1.08% | -0.03% | -4.20% | 0.92% | -2.83% | -3.07% |
| 2017 | 1.06% | 1.58% | 0.18% | 0.41% | 0.51% | 0.81% | 1.74% | 0.10% | 1.67% | 0.79% | 0.88% | 1.32% | 11.62% |
| 2016 | -3.07% | 0.32% | 4.03% | 0.51% | 1.32% | 1.41% | 2.08% | 0.00% | 0.51% | -1.64% | 2.16% | 0.43% | 8.16% |
| 2015 | -0.88% | 2.40% | -0.09% | 0.09% | 0.43% | -0.77% | 0.00% | -3.66% | -1.64% | 3.87% | 0.09% | -12.68% | -12.98% |
| 2014 | -1.44% | 2.59% | -0.21% | -0.42% | 1.02% | 1.61% | -1.74% | 2.19% | -2.15% | 1.01% | 0.42% | -4.17% | -1.50% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HBAFX is 1, meaning it’s performing worse than 99% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Rational Strategic Allocation Fund (HBAFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Rational Strategic Allocation Fund provided a 10.17% dividend yield over the last twelve months, with an annual payout of $0.75 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.75 | $0.65 | $0.41 | $0.54 | $1.61 | $0.28 | $0.65 | $0.59 | $0.44 | $1.18 | $0.12 | $0.24 |
Dividend yield | 10.17% | 7.58% | 5.06% | 7.83% | 15.67% | 3.07% | 6.79% | 6.50% | 4.36% | 12.55% | 1.22% | 2.13% |
Monthly Dividends
The table displays the monthly dividend distributions for Rational Strategic Allocation Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | |||||||
| 2024 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.46 | $0.65 |
| 2023 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.41 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.37 | $0.54 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $1.42 | $1.61 |
| 2020 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.10 | $0.28 |
| 2019 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.46 | $0.65 |
| 2018 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.48 | $0.59 |
| 2017 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.37 | $0.44 |
| 2016 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $1.05 | $1.18 |
| 2015 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.09 | $0.12 |
| 2014 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.17 | $0.24 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Rational Strategic Allocation Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Rational Strategic Allocation Fund was 44.97%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Rational Strategic Allocation Fund drawdown is 28.92%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -44.97% | Jul 17, 2024 | 183 | Apr 8, 2025 | — | — | — |
| -34.39% | Jan 4, 2022 | 248 | Dec 28, 2022 | 387 | Jul 16, 2024 | 635 |
| -29.83% | Feb 20, 2020 | 23 | Mar 23, 2020 | 260 | Apr 5, 2021 | 283 |
| -22.1% | Jul 7, 2014 | 405 | Feb 11, 2016 | 476 | Jan 2, 2018 | 881 |
| -12.73% | May 2, 2011 | 108 | Oct 3, 2011 | 120 | Mar 26, 2012 | 228 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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