RFXAX Performance — Rational Special Situations Income Fund, Class A
Data updated: 2026-08-28
RFXAX returned +1.95% year to date and +4.59% over one year to Jun 2026. Annualised returns are +5.58% over 3 years and +4.03% over 5 years. The fund beat its Intermediate Securitized Bond category average: $100 invested three years ago grew to $118, against $116 for the category, and to $105 over one year, against $105. Volatility over the past three years was 1.60% a year. In the 12 months to Jun 2026 the fund took in a net $198.9M, and assets reached $1.39B.
RFXAX Growth of $100
What $100 invested in Rational Special Situations Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Securitized Bond category average over the same months.
| Period | RFXAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $105 | $105 |
| 3 years (Jul 2023 – Jun 2026) | $118 | $116 |
| 5 years (Jul 2021 – Jun 2026) | $122 | $105 |
| Since data start (Jan 2020 – Jun 2026) | $129 | $111 |
RFXAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.95% |
| 1 year | +4.59% |
| 3 years (annualised) | +5.58% |
| 5 years (annualised) | +4.03% |
RFXAX Annual Returns
Calendar-year total returns of Rational Special Situations Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.95% |
| 2025 | +4.92% |
| 2024 | +8.67% |
| 2023 | +3.89% |
| 2022 | −1.11% |
| 2021 | +5.01% |
| 2020 | +2.61% |
RFXAX 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 | +0.6% | +0.7% | −0.1% | +0.3% | +0.2% | +0.3% | — | — | — | — | — | — |
| 2025 | +0.4% | +1.0% | +0.4% | −0.4% | +0.4% | +0.5% | 0.0% | +0.3% | +0.8% | +0.5% | +1.0% | −0.1% |
| 2024 | +1.0% | +1.0% | +1.4% | 0.0% | +1.1% | +0.5% | +1.2% | 0.0% | +0.9% | +0.2% | +1.1% | −0.1% |
| 2023 | +1.2% | +0.2% | −0.2% | +0.8% | +0.3% | +0.4% | +0.1% | +0.4% | −0.4% | −0.1% | +0.4% | +0.9% |
| 2022 | 0.0% | −0.1% | −1.9% | −1.3% | −1.1% | −0.5% | +0.7% | +0.6% | −0.6% | +2.1% | +0.2% | +0.9% |
| 2021 | +0.9% | +0.8% | −0.2% | +0.5% | +0.2% | +0.7% | +0.6% | +0.2% | +0.4% | +0.2% | 0.0% | +0.4% |
| 2020 | +2.6% | +0.4% | −9.8% | +2.8% | +2.6% | +1.3% | +1.0% | +0.3% | +0.4% | +0.5% | +0.7% | +0.4% |
RFXAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 1.60%
- 3-year Sharpe ratio: 0.68 (vs 4.5% risk-free rate)
- Best month: +1.39% (Mar 2024)
- Worst month: −0.37% (Apr 2025)
RFXAX Fund Flows
Monthly money in and out of Rational Special Situations Income Fund, from SEC Form N-PORT.
- 12-month net flow: $198.9M
- 12-month gross sales (incl. reinvestments): $617.2M
- Sales ÷ redemptions: 1.48×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $49.3M | $24.6M | $24.6M |
| May 2026 | $40.5M | $25.4M | $15.0M |
| Apr 2026 | $84.4M | $32.7M | $51.7M |
| Mar 2026 | $33.9M | $35.7M | −$1.8M |
| Feb 2026 | $57.8M | $51.1M | $6.7M |
| Jan 2026 | $38.3M | $25.9M | $12.4M |
| Dec 2025 | $39.9M | $47.7M | −$7.8M |
| Nov 2025 | $50.2M | $29.5M | $20.7M |
| Oct 2025 | $46.0M | $42.0M | $4.0M |
| Sep 2025 | $48.6M | $41.7M | $6.8M |
| Aug 2025 | $47.6M | $29.1M | $18.5M |
| Jul 2025 | $80.9M | $32.8M | $48.1M |
RFXAX Assets Under Management
Net assets of Rational Special Situations Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.39B |
| 2026-03-31 | $1.30B |
| 2025-12-31 | $1.29B |
| 2025-09-30 | $1.27B |
| 2025-06-30 | $1.20B |
| 2025-03-31 | $1.13B |
| 2024-12-31 | $997.77M |
| 2024-09-30 | $905.58M |
| 2024-06-30 | $845.52M |
| 2024-03-31 | $795.96M |
| 2023-12-31 | $778.67M |
| 2023-09-30 | $817.25M |
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.