HBAFX: Rational Strategic Allocation Fund - MutualFunds.com

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Rational Strategic Allocation A

HBAFX - Snapshot

Vitals

  • YTD Return -11.7%
  • 3 Yr Annualized Return -3.0%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $6.83 M
  • Holdings in Top 10 99.6%

52 WEEK LOW AND HIGH

$8.56
$7.15
$10.19

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.35%

SALES FEES

  • Front Load 4.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 62.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Compare HBAFX to Popular U.S. Balanced Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$30.03

-0.23%

$166.16 B

1.33%

$0.40

5.37%

0.58%

$45.71

-0.35%

$104.44 B

2.19%

$1.00

5.37%

0.25%

$43.15

-0.25%

$46.53 B

1.31%

$0.57

9.99%

0.18%

$35.52

-0.31%

$40.35 B

1.35%

$0.48

13.77%

0.70%

$27.17

-0.29%

$36.20 B

1.46%

$0.40

10.45%

0.52%

HBAFX - Profile

Distributions

  • YTD Total Return -11.7%
  • 3 Yr Annualized Total Return -4.6%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.25%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Rational Strategic Allocation Fund
  • Fund Family Name
    Rational Funds
  • Inception Date
    Jul 30, 2009
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Miller

Fund Description

The fund seeks to achieve its investment objective by investing in a portfolio of futures contracts on the S&P 500 Index and in income-oriented securities. Under normal market conditions, the Advisor intends to invest in a portfolio of underlying funds, excluding cash and cash equivalents required for margin or collateral, while also maintaining notional exposure to the index through its investments in futures contracts, which are intended to provide the fund with economic exposure to U.S. equities in an amount up to the value of the fund’s net assets.


HBAFX - Performance

Return Ranking - Trailing

Period HBAFX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.7% -40.7% 26.8% 98.76%
1 Yr -16.5% -21.7% 26.7% 99.54%
3 Yr -3.0%* -4.7% 12.9% 99.21%
5 Yr 1.2%* -0.8% 11.3% 98.24%
10 Yr 3.0%* 0.4% 11.8% 98.67%

* Annualized

Return Ranking - Calendar

Period HBAFX Return Category Return Low Category Return High Rank in Category (%)
2019 5.2% -5.8% 25.7% 97.14%
2018 -9.0% -32.7% 0.0% 24.40%
2017 6.9% -6.5% 22.4% 63.71%
2016 N/A -43.7% 23.3% N/A
2015 N/A -32.5% 2.6% N/A

Total Return Ranking - Trailing

Period HBAFX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.7% -40.7% 26.7% 98.76%
1 Yr -20.4% -21.7% 26.7% 99.85%
3 Yr -4.6%* -4.7% 12.9% 99.84%
5 Yr 0.2%* -0.8% 11.3% 99.84%
10 Yr 2.5%* 0.4% 11.8% 98.67%

* Annualized

Total Return Ranking - Calendar

Period HBAFX Return Category Return Low Category Return High Rank in Category (%)
2019 5.2% -5.8% 25.7% 97.14%
2018 -3.1% -32.7% 0.8% 5.78%
2017 11.6% -3.7% 31.9% 62.01%
2016 N/A -43.7% 23.3% N/A
2015 N/A -32.5% 5.6% N/A

NAV & Total Return History


HBAFX - Holdings

Concentration Analysis

HBAFX Category Low Category High HBAFX % Rank
Net Assets 6.83 M 716 K 166 B 97.80%
Number of Holdings 12 2 14317 84.86%
Net Assets in Top 10 7.16 M 654 K 30 B 96.70%
Weighting of Top 10 99.62% 9.3% 100.0% 5.56%

Top 10 Holdings

  1. Catalyst Enhanced Income Strategy I 17.36%
  2. Rational Special Situations Income Instl 17.24%
  3. Rational/Pier 88 Convertible Secs Instl 15.31%
  4. Catalyst/CIFC Floating Rate Income I 11.57%
  5. Catalyst Insider Income I 11.51%
  6. United States Treasury Bonds 2.38% 10.20%
  7. Catalyst/Stone Beach Income Opp I 9.25%
  8. AlphaCentric Income Opportunities I 6.61%
  9. First American Government Obligs U 0.58%
  10. Federated Hermes Treasury Obl IS 0.00%

Asset Allocation

Weighting Return Low Return High HBAFX % Rank
Bonds
75.97% -2.18% 97.64% 0.45%
Convertible Bonds
12.06% 0.00% 26.75% 0.45%
Cash
5.62% -34.22% 89.35% 29.09%
Preferred Stocks
3.59% 0.00% 28.13% 2.85%
Stocks
2.76% 0.00% 134.22% 99.25%
Other
0.00% -3.55% 30.21% 85.01%

Stock Sector Breakdown

Weighting Return Low Return High HBAFX % Rank
Utilities
75.41% 0.00% 100.00% 0.60%
Real Estate
19.79% 0.00% 100.00% 1.80%
Industrials
4.36% 0.00% 35.09% 96.70%
Technology
0.45% 0.00% 48.90% 98.65%
Healthcare
0.00% 0.00% 36.21% 99.25%
Financial Services
0.00% 0.00% 100.00% 98.95%
Energy
0.00% 0.00% 90.89% 98.20%
Communication Services
0.00% 0.00% 43.64% 98.95%
Consumer Defense
0.00% 0.00% 17.85% 98.95%
Consumer Cyclical
0.00% 0.00% 24.29% 99.10%
Basic Materials
0.00% 0.00% 30.87% 97.90%

Stock Geographic Breakdown

Weighting Return Low Return High HBAFX % Rank
US
2.76% 0.13% 131.11% 99.40%
Non US
0.00% 0.00% 33.15% 98.65%

Bond Sector Breakdown

Weighting Return Low Return High HBAFX % Rank
Securitized
47.09% 0.00% 59.07% 2.40%
Corporate
34.79% 0.00% 99.06% 53.22%
Government
10.26% 0.00% 99.53% 83.06%
Cash & Equivalents
7.86% 0.08% 100.00% 68.22%
Derivative
0.00% 0.00% 32.58% 82.16%
Municipal
0.00% 0.00% 24.46% 90.70%

Bond Geographic Breakdown

Weighting Return Low Return High HBAFX % Rank
US
74.69% -6.66% 74.69% 0.15%
Non US
1.28% -7.18% 73.06% 86.96%

HBAFX - Expenses

Operational Fees

HBAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.35% 0.01% 4.93% 19.59%
Management Fee 0.10% 0.00% 1.75% 24.20%
12b-1 Fee 0.25% 0.00% 1.00% 44.50%
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

HBAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.75% 2.00% 5.75% 75.96%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HBAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HBAFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 62.00% 0.00% 484.00% 64.15%

HBAFX - Distributions

Dividend Yield Analysis

HBAFX Category Low Category High HBAFX % Rank
Dividend Yield 0.00% 0.00% 8.99% 72.89%

Dividend Distribution Analysis

HBAFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

HBAFX Category Low Category High HBAFX % Rank
Net Income Ratio 3.25% -0.99% 11.02% 3.24%

Capital Gain Distribution Analysis

HBAFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

HBAFX - Fund Manager Analysis

Managers

David Miller


Start Date

Tenure

Tenure Rank

Jan 01, 2016

4.84

4.8%

Mr. Miller is Co-Founder, Chief Investment Officer and Senior Portfolio Manager of Catalyst Capital Advisors, LLC. Prior to founding Catalyst Capital Advisors LLC, Mr. Miller was the CEO of Investment Catalyst, an investment newsletter he founded in 2005. The Investment Catalyst newsletter worked to identify undervalued stocks with a near term catalyst for appreciation. Mr. Miller was a trader with UBS, working on the equity derivatives desk from July 2002 until December 2002. Mr. Miller was the CEO of MovieDaze Media Group, a search engine marketing company that he co-founded in 2003 and sold in 2006. He received a BS in Economics from the University of Pennsylvania, Wharton School and a MBA in Finance from the University of Michigan, Ross School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 36.86 6.24 0.83