Rational Tactical Return Fund (HRSTX)
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.
Fund Info
| ISIN | US6282557056 |
|---|---|
| CUSIP | 628255705 |
| Issuer | Rational Funds |
| Inception Date | Apr 30, 2007 |
| Category | Options Trading |
| Min. Investment | $1,000 |
| Asset Class | Alternatives |
Expense Ratio
HRSTX has a high expense ratio of 1.99%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Rational Tactical Return Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Rational Tactical Return Fund had a return of 1.48% year-to-date (YTD) and 5.31% in the last 12 months. Over the past 10 years, Rational Tactical Return Fund had an annualized return of 0.38%, while the S&P 500 had an annualized return of 10.71%, indicating that Rational Tactical Return Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.48% | 8.76% |
| 1 month | 0.35% | -0.28% |
| 6 months | 2.17% | 18.36% |
| 1 year | 5.31% | 25.94% |
| 5 years (annualized) | 3.98% | 12.51% |
| 10 years (annualized) | 0.38% | 10.71% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.30% | 0.35% | 0.35% | 0.35% | ||||||||
| 2023 | 0.57% | 0.34% | 0.45% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HRSTX is 35, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
HRSTX (Rational Tactical Return Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Rational Tactical Return Fund (HRSTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Rational Tactical Return Fund granted a 5.52% dividend yield in the last twelve months. The annual payout for that period amounted to $0.95 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.95 | $0.95 | $0.38 | $0.64 | $0.36 | $0.57 | $0.22 | $0.83 | $2.11 | $0.78 | $0.31 | $0.22 |
Dividend yield | 5.52% | 5.60% | 2.24% | 3.75% | 2.10% | 3.36% | 1.33% | 5.55% | 13.80% | 4.83% | 1.55% | 0.89% |
Monthly Dividends
The table displays the monthly dividend distributions for Rational Tactical Return 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.95 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.64 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.11 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 |
| 2013 | $0.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Rational Tactical Return 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 Tactical Return Fund was 75.38%, occurring on Apr 25, 2022. The portfolio has not yet recovered.
The current Rational Tactical Return Fund drawdown is 21.36%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -75.38% | May 19, 2008 | 3507 | Apr 25, 2022 | — | — | — |
| -16.91% | Nov 7, 2007 | 52 | Jan 23, 2008 | 60 | Apr 18, 2008 | 112 |
| -13.07% | Jul 20, 2007 | 20 | Aug 16, 2007 | 29 | Sep 27, 2007 | 49 |
| -4.03% | Apr 22, 2008 | 8 | May 1, 2008 | 5 | May 8, 2008 | 13 |
| -3.37% | Oct 15, 2007 | 6 | Oct 22, 2007 | 4 | Oct 26, 2007 | 10 |
Volatility
Volatility Chart
The current Rational Tactical Return Fund volatility is 0.12%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.