HRSAX — Rational Tactical Return Fund
Data updated: 2026-08-28
HRSAX — Rational Tactical Return Fund. Short Corporate Bond · $22.34M AUM · 2.29% expense ratio. Holdings, fees, performance and SEC filings.
HRSAX Fund Overview
HRSAX — Rational Tactical Return Fund is a US mutual fund managed by Mutual Fund & Variable Insurance Trust, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Mutual Fund & Variable Insurance Trust
- Category: Short Corporate Bond
- Assets under management: $22.34M
- 1-year return: 7.3%
- Ticker: HRSAX
- SEC CIK: 0000810695
- SEC series ID: S000017165
- Share class ID: C000047568
HRSAX Holdings
Top 10 holdings of Rational Tactical Return Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Ford Motor Co. | 5.08% |
| Energy Transfer LP | 4.51% |
| Dell International LLC / Emc Corp. | 4.49% |
| Verisign, Inc. | 4.48% |
| Constellation Brands, Inc. | 4.48% |
| Ares Capital Corp. | 4.47% |
| Mattel, Inc. | 4.47% |
| Uber Technologies, Inc. | 4.44% |
| Tyson Foods, Inc. | 4.44% |
| Gartner, Inc. | 4.40% |
HRSAX Portfolio Allocation
Asset-class allocation of Rational Tactical Return Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 76.8% |
| Cash & Equivalents | 3.0% |
| Derivatives | 2.6% |
HRSAX Performance
Total returns for HRSAX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 5.7% |
| 1 year | 7.3% |
| 3 years (annualised) | 5.0% |
| 5 years (annualised) | 3.9% |
HRSAX Risk Information
Risk metrics for HRSAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.5%
HRSAX Costs and Fees
HRSAX costs about $229 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.29%
- Gross expense ratio: 2.56%
- Portfolio turnover: 0%
- Brokerage commissions: 168.72 bps of average net assets (SEC N-CEN)
HRSAX Cashflows
Over the 12 months to 2026-06, Rational Tactical Return Fund had net outflows of $30.94M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$345.35K |
| 2026-05 | −$268.22K |
| 2026-04 | −$2.88M |
| 2026-03 | −$982.54K |
| 2026-02 | −$330.94K |
| 2026-01 | −$2.13M |
HRSAX Debt Constituents
Largest debt holdings of Rational Tactical Return Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Ford Motor Co. | 5.08% |
| Energy Transfer LP | 4.51% |
| Dell International LLC / Emc Corp. | 4.49% |
| Verisign, Inc. | 4.48% |
| Constellation Brands, Inc. | 4.48% |
| Ares Capital Corp. | 4.47% |
| Mattel, Inc. | 4.47% |
| Uber Technologies, Inc. | 4.44% |
| Tyson Foods, Inc. | 4.44% |
| Gartner, Inc. | 4.40% |
HRSAX Prospectus and SEC Filings
Official Rational Tactical Return Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-28
- Prospectus (485BPOS) — filed 2025-12-31
- Prospectus (485BPOS) — filed 2025-04-29
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-29
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-13
Related Funds
Other Short Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.