HRSTX: Rational Tactical Return Fund - MutualFunds.com

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Rational Tactical Return Instl

HRSTX - Snapshot

Vitals

  • YTD Return 1.8%
  • 3 Yr Annualized Return 7.4%
  • 5 Yr Annualized Return 4.9%
  • Net Assets $226 M
  • Holdings in Top 10 23.0%

52 WEEK LOW AND HIGH

$5.76
$5.63
$5.82

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.15%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Options-based

Compare HRSTX to Popular Options-based Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$23.80

+0.42%

$12.74 B

1.15%

$0.27

11.95%

-

$36.23

+0.64%

$6.71 B

0.71%

$0.26

4.44%

-

$12.50

+0.32%

$1.76 B

-

-

1.13%

-

$9.19

-0.43%

$1.51 B

-

-

-8.37%

-

HRSTX - Profile

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return 7.4%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.15%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Rational Tactical Return Fund
  • Fund Family Name
    Rational Funds
  • Inception Date
    May 01, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott Kimple

Fund Description

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 - Performance

Return Ranking - Trailing

Period HRSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -33.8% 930.0% 63.04%
1 Yr 3.0% -34.2% 25.3% 39.91%
3 Yr 7.4%* -14.7% 13.8% 11.54%
5 Yr 4.9%* -8.0% 12.6% 33.33%
10 Yr 1.1%* -5.7% 12.2% 92.00%

* Annualized

Return Ranking - Calendar

Period HRSTX Return Category Return Low Category Return High Rank in Category (%)
2019 4.8% -28.6% 28.4% 77.90%
2018 8.2% -93.5% 8.2% 0.67%
2017 -2.0% -38.9% 19.8% 88.81%
2016 N/A -10.9% 12.8% N/A
2015 N/A -31.0% 6.6% N/A

Total Return Ranking - Trailing

Period HRSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -33.8% 930.0% 63.04%
1 Yr 3.0% -37.3% 25.3% 35.87%
3 Yr 7.4%* -14.7% 13.8% 10.26%
5 Yr 4.9%* -8.0% 12.6% 30.63%
10 Yr 1.1%* -5.7% 12.2% 92.00%

* Annualized

Total Return Ranking - Calendar

Period HRSTX Return Category Return Low Category Return High Rank in Category (%)
2019 4.8% -5.9% 28.4% 78.45%
2018 8.2% -30.9% 8.2% 0.67%
2017 3.5% -23.4% 19.8% 82.09%
2016 N/A -10.9% 12.8% N/A
2015 N/A -31.0% 8.0% N/A

NAV & Total Return History


HRSTX - Holdings

Concentration Analysis

HRSTX Category Low Category High HRSTX % Rank
Net Assets 226 M 628 K 12.7 B 26.88%
Number of Holdings 11 3 509 83.60%
Net Assets in Top 10 48.4 M -3.33 M 3.98 B 54.00%
Weighting of Top 10 23.01% 14.4% 100.0% 96.62%

Top 10 Holdings

  1. First American Government Obligs U 22.80%
  2. United States Treasury Bills 0% 9.60%
  3. United States Treasury Bills 0% 7.20%
  4. S&P 1st Week Optn Sep20P 1DU0P 3260 Index 0.13%
  5. S&P 1st Week Optn Sep20P 1DU0P 3260 Index 0.13%
  6. S&P 1st Week Optn Sep20P 1DU0P 3260 Index 0.13%
  7. S&P 1st Week Optn Sep20P 1DU0P 3260 Index 0.13%
  8. S&P 1st Week Optn Sep20P 1DU0P 3260 Index 0.13%
  9. S&P 1st Week Optn Sep20P 1DU0P 3260 Index 0.13%
  10. S&P 1st Week Optn Sep20P 1DU0P 3260 Index 0.13%

Asset Allocation

Weighting Return Low Return High HRSTX % Rank
Cash
100.21% -27.95% 103.52% 3.60%
Preferred Stocks
0.00% 0.00% 5.17% 69.20%
Other
0.00% -5.49% 78.63% 77.20%
Convertible Bonds
0.00% 0.00% 27.16% 71.60%
Bonds
0.00% 0.00% 98.05% 73.20%
Stocks
-0.21% -8.21% 100.13% 92.40%

HRSTX - Expenses

Operational Fees

HRSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.15% 0.20% 9.76% 20.94%
Management Fee 1.75% 0.00% 1.75% 98.02%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.28% N/A

Sales Fees

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

Trading Fees

HRSTX 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.

HRSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 456.80% 13.13%

HRSTX - Distributions

Dividend Yield Analysis

HRSTX Category Low Category High HRSTX % Rank
Dividend Yield 0.00% 0.00% 10.00% 73.91%

Dividend Distribution Analysis

HRSTX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

HRSTX Category Low Category High HRSTX % Rank
Net Income Ratio -0.15% -2.13% 14.24% 72.34%

Capital Gain Distribution Analysis

HRSTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

HRSTX - Fund Manager Analysis

Managers

Scott Kimple


Start Date

Tenure

Tenure Rank

Dec 02, 2017

2.92

2.9%

Scott C. Kimple, is a Principal and Portfolio Manager of Warrington since its inception in 2008. Mr. Kimple also serves as the Portfolio Manager to private commodity pools sponsored by an affiliate of Warrington, as well as to separate commodity trading accounts. From 1991 to 2015, Mr. Kimple was employed by Morgan Stanley Smith Barney LLC and its predecessors (“MSSB”) as a registered representative and was registered with the NFA as an Associated Person of MSSB. Mr. Kimple received a BBA in finance from Southern Methodist University and a MBA, with emphasis in Finance and Derivative Securities, from SMU’s Cox School of Business.

Mark Adams


Start Date

Tenure

Tenure Rank

Dec 02, 2017

2.92

2.9%

Mark W. Adams has been the Assistant Portfolio Manager to Warrington GP, LLC an affiliate of Warrington Asset Management LLC since 2015. From 2009 to 2014, Mr. Adams was employed by Morgan Stanley Smith Barney LLC (“MSSB”) and was registered with the NFA as an Associated Person of MSSB. Mr. Adams graduated from Washington University in St. Louis where he received a BBA with a triple major in Finance, Management and International Business. He also received an MBA from Southern Methodist University’s Cox School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 19.35 3.67 5.26
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