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Market Climate
Market Climate profiles are based on average historical returns in each climate we identify. There is no assurance that these return and risk profiles will be maintained in the future. "Market Climate" and associated graphics are service marks of the Hussman Funds.

Hussman Strategic Growth Fund
Strategic Growth Fund Prospectus
Fund Performance Chart
Annual Report - June 30, 2017

Hussman Strategic Total Return Fund
Total Return Fund Prospectus
Fund Performance Chart
Annual Report - June 30, 2017

Hussman Strategic International Fund
International Fund Prospectus
Fund Performance Chart
Annual Report - June 30, 2017

Hussman Strategic Value Fund
Value Fund Prospectus
Fund Performance Chart
Annual Report - June 30, 2017

Our Mission and Commitment to Shareholders

Weekly Market Comment

This Week:
Eyes Wide Shut
It’s too easy to forget that by the low of the 2007-2009 collapse, the total return of the S&P 500 had lagged risk-free Treasury bills for nearly 14 years, all the way back to June 1995, and had outpaced Treasury bills by less than 1.2% annually over the nearly 22-year period since the 1987 high, even though early-2009 valuations reached only modestly undervalued levels based on the most historically reliable measures we identify. Having anticipated both the 2000-2002 and 2007-2009 collapses, with a constructive shift in-between, I remain convinced that investors are walking eyes-wide-shut into a similar outcome today
. By the completion of the current market cycle, I expect that the S&P 500 will have lagged Treasury bills for the entire period since roughly October 1997
By John P. Hussman, Ph.D.
President, Hussman Investment Trust
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Investment Research & Insight

Featured Article
When Market Trends Break,
Even Borderline Data is Recessionary

When stock market action deteriorates and broad economic data is weakening even moderately, the risks of a recession actually jump considerably. The conditional probability of a recession prior to the market falling below its 12-month moving average was just 5-10 percent. It has now jumped to between 60 and 75 percent. This is roughly 6 or 7 times the odds that economists are allowing for a recession.
By William Hester, CFA
Senior Financial Analyst
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Mutual Fund Brokerage Fees and Trading Costs
How much do mutual funds pay in commissions and trading costs? This is a question that the mutual fund industry seems reluctant to answer. In an industry already complicated by fees - sales loads, soft dollars, trailing fees, 12b-1 marketing fees - asking mutual funds to prominently disclose trading costs is unpopular among fund companies. We've decided to take the lead anyway. It's the right thing to do.
By John P. Hussman, Ph.D.
Read More


June 30 , 2017: Hussman Strategic Total Return Fund paid an income distribution of $0.01 per share. Hussman Strategic Value Fund paid an income distribution of $0.017 per share.

FINRA's BrokerCheck: Check out the background of Ultimus Fund Distributors, LLC, the Distributor of Hussman Funds, on FINRA's BrokerCheck


Broken Links: Fed Policy and the Growing Gap Betweeen Wall Street and Main Street

A Who's Who of Awful Times to Invest

Yes, This is an Equity Bubble

Setting the Record Straight

Mapping the Molecular Pathway of Autism

Why Warren Buffett Plays Bridge

The Likely Range of Market Returns in the Coming Decade

Freight Trains and Steep Curves

How Hedging Works

Long-Term Evidence on the Fed Model and Forward Operating P/E Ratios

The Two Essential Elements of Wealth Accumulation

The Policy Portfolio and the Next Equity Bear Market

Going for the Gold

The Future of Investment Management

Let's Start a Lemonade Stand!

Spinning Muons

Buy-and-Hold for the Duration?

Natural Consequences

The U.S. Productivity Miracle (Made in China)
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