WELCOME

DISCIPLINED
VALUE-CONSCIOUS
HISTORICALLY INFORMED
RISK-MANAGED
FOCUSED ON THE COMPLETE MARKET CYCLE

Investing for
Long-term Returns
while Managing Risk.

Since 2000, the goal of the Hussman Funds
has been to serve our shareholders by seeking
long-term returns, adhering to a value-conscious,
historically-informed, risk-managed discipline
focused on the complete market cycle...

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CURRENT UPDATE
Hussman
Market
Comment
Amygdalotomy: Surviving the Intentional Demolition of Warning Signs
The Federal Reserve has performed an amygdalotomy on the investing public, encouraging a maladaptive confidence that risk does not exist. A similar response early in the COVID-19 epidemic also contributed to profound losses of both human life and economic activity.

Latest Topic

Strategic Allocation (White Paper)
Aligning asset allocations with the valuations that drive long-term returns, while adjusting exposure to allow for shorter-term risk-aversion or speculation among market participants, is a systematic way to respond to the ever-changing landscape of investment risk and opportunity.

Overview

Hussman Funds

We pursue a disciplined, value conscious, risk managed and
historically informed investment approach focused on the complete market cycle...

HSGFX
Strategic
Growth Fund
The Fund invests primarilary in U.S.
stocks, with the objective of
long-term capital appreciation,
and places added emphasis on
defending capital during
unfavorable market conditions.

HSIEX
Strategic
International Fund
The Fund invests primarily in
equity securities of non-U.S. issuers
with the objective of long-term total
return with added emphasis on the
protection of capital during
unfavorable market conditions.

HSAFX
Strategic
Allocation Fund
The Fund seeks total return by allocating
assets primarily in stocks and bonds, in
consideration of valuations and estimated
expected returns, with added emphasis on
risk-management to adjust exposure when
market conditions suggest speculation or
risk-aversion among investors.

HSTRX
Strategic
Total Return Fund
The Fund invests primarily in U.S.
Treasury and government agency
securities with the objective of
long-term total return, and has the
ability to take a limited exposure in
foreign government bonds, utility
stocks, and precious metals shares.

MARKET COMMENT

RESEARCH & INSIGHT

PORTFOLIO NOTES

FUND NEWS

March 31, 2020: Hussman Strategic Total Return Fund paid an income distribution of $0.0233 per share.

February 20, 2019: The Hussman Funds December 2019 Semiannual Report is now available online.

December 31, 2019: Hussman Strategic Growth Fund paid an income distribution of $0.0986 per share. Strategic Total Return Fund paid an income distribution of $0.0412 per share. Strategic International Fund paid an income distribution of $0.0624 per share. Strategic Total Return Fund paid an income distribution of $0.0030 per share.

August 27, 2019: We are pleased to introduce the newest member of the Hussman Funds family - Hussman Strategic Allocation Fund. Please see the Strategic Allocation page of the website for information and a fund Prospectus.

August 26, 2019: The Hussman Funds June 2019 Annual Report is now available online.

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

Hussman Funds