Rational Tactical Return Instl
- HRSTX
- Price as of: Nov 24, 2020
-
$5.76
N/A N/A
- Primary Theme
- Options-based
- Fund Company
- Rational Funds
- Share Class
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
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
Options-based
- Fund Type Open End Mutual Fund
- Investment Style Options-based
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%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameRational Tactical Return Fund
-
Fund Family NameRational Funds
-
Inception DateMay 01, 2007
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerScott 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
- First American Government Obligs U 22.80%
- United States Treasury Bills 0% 9.60%
- United States Treasury Bills 0% 7.20%
- S&P 1st Week Optn Sep20P 1DU0P 3260 Index 0.13%
- S&P 1st Week Optn Sep20P 1DU0P 3260 Index 0.13%
- S&P 1st Week Optn Sep20P 1DU0P 3260 Index 0.13%
- S&P 1st Week Optn Sep20P 1DU0P 3260 Index 0.13%
- S&P 1st Week Optn Sep20P 1DU0P 3260 Index 0.13%
- S&P 1st Week Optn Sep20P 1DU0P 3260 Index 0.13%
- 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
| Date | Amount |
|---|---|
| Dec 20, 2018 | $0.006 |
| Dec 21, 2017 | $0.277 |
| Dec 20, 2016 | $0.702 |
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 |