HRSAX Performance — Rational Premium Income Fund, Class A
Data updated: 2026-08-28
HRSAX returned +5.70% year to date and +7.26% over one year to Jun 2026. Annualised returns are +4.99% over 3 years and +3.91% over 5 years. Against its Short-Term Corporate Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $116, against $121 for the category, and to $107 over one year, against $105. Volatility over the past three years was 2.65% a year. In the 12 months to Jun 2026 the fund lost a net $30.9M, and assets reached $22.34M.
HRSAX Growth of $100
What $100 invested in Rational Premium Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Corporate Bond category average over the same months.
| Period | HRSAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $107 | $105 |
| 3 years (Jul 2023 – Jun 2026) | $116 | $121 |
| 5 years (Jul 2021 – Jun 2026) | $121 | $117 |
| Since data start (Jan 2020 – Jun 2026) | $127 | $125 |
HRSAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.70% |
| 1 year | +7.26% |
| 3 years (annualised) | +4.99% |
| 5 years (annualised) | +3.91% |
HRSAX Annual Returns
Calendar-year total returns of Rational Premium Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +5.70% |
| 2025 | +3.42% |
| 2024 | +3.00% |
| 2023 | +4.77% |
| 2022 | +1.42% |
| 2021 | +3.75% |
| 2020 | +2.46% |
HRSAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.1% | +0.4% | −0.9% | +3.8% | +2.6% | −0.1% | — | — | — | — | — | — |
| 2025 | +0.2% | +0.3% | +0.1% | +0.3% | +0.5% | +0.5% | +0.2% | −0.1% | +0.4% | +0.3% | +0.4% | +0.2% |
| 2024 | +0.3% | +0.3% | +0.4% | +0.4% | +0.4% | +0.3% | +0.3% | −0.5% | +0.3% | +0.3% | +0.5% | +0.2% |
| 2023 | +0.1% | +0.2% | +0.4% | +0.3% | +0.4% | +0.5% | +0.6% | +0.6% | +0.3% | +0.5% | +0.3% | +0.4% |
| 2022 | −0.4% | −0.2% | +0.2% | +1.9% | −0.2% | −0.3% | 0.0% | +0.1% | 0.0% | −0.1% | +0.1% | +0.3% |
| 2021 | +0.5% | +0.4% | +0.4% | +0.4% | +0.5% | +0.3% | +0.3% | +0.3% | +0.3% | +0.2% | 0.0% | +0.1% |
| 2020 | 0.0% | +0.2% | +0.4% | +0.5% | +0.7% | −0.3% | +0.4% | +0.5% | −1.2% | +0.4% | +0.4% | +0.7% |
HRSAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 2.65%
- 3-year Sharpe ratio: 0.18 (vs 4.5% risk-free rate)
- Best month: +3.82% (Apr 2026)
- Worst month: −0.95% (Mar 2026)
HRSAX Fund Flows
Monthly money in and out of Rational Premium Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$30.9M
- 12-month gross sales (incl. reinvestments): $4.5M
- Sales ÷ redemptions: 0.13×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $375K | $721K | −$345K |
| May 2026 | $280K | $548K | −$268K |
| Apr 2026 | $162K | $3.0M | −$2.9M |
| Mar 2026 | $178K | $1.2M | −$983K |
| Feb 2026 | $632K | $963K | −$331K |
| Jan 2026 | $293K | $2.4M | −$2.1M |
| Dec 2025 | $1.7M | $4.9M | −$3.3M |
| Nov 2025 | $172K | $15.6M | −$15.5M |
| Oct 2025 | $192K | $1.4M | −$1.3M |
| Sep 2025 | $78K | $1.7M | −$1.7M |
| Aug 2025 | $419K | $1.1M | −$645K |
| Jul 2025 | $29K | $1.7M | −$1.7M |
HRSAX Assets Under Management
Net assets of Rational Premium Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $22.34M |
| 2026-03-31 | $24.73M |
| 2025-12-31 | $28.70M |
| 2025-09-30 | $50.19M |
| 2025-06-30 | $53.89M |
| 2025-03-31 | $58.84M |
| 2024-12-31 | $69.01M |
| 2024-09-30 | $83.15M |
| 2024-06-30 | $97.83M |
| 2024-03-31 | $114.80M |
| 2023-12-31 | $132.62M |
| 2023-09-30 | $146.13M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.