Nasdaq - Delayed Quote USD

Rational Tactical Return Instl (HRSTX)

17.13 0.00 (0.00%)
At close: 8:00 PM EDT

Fund Summary

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.

Rational Tactical Return Instl

Huntington, NY 11743
36 North New York Avenue
1-800-253-0412

Fund Overview

Category Options Trading
Fund Family Rational Funds
Net Assets 114.8M
YTD Return 1.01%
Yield 1.41%
Morningstar Rating
Inception Date May 01, 2007

Fund Operations

Last Dividend 0.25
Last Cap Gain -1.00
Holdings Turnover 0.00%
Average for Category --

Fees & Expenses

Expense HRSTX Category Average
Annual Report Expense Ratio (net) 2.31% 1.20%
Prospectus Net Expense Ratio 2.31% --
Prospectus Gross Expense Ratio 2.36% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.52%
Max Deferred Sales Load -- 1.00%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Mark W. Adams, Lead Manager since December 02, 2017
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.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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