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...

learn more >
CURRENT UPDATE
Hussman
Market
Comment
Weighing Machine, Voting Machine
Valuations are the “weighing machine” and provide information about likely long-term investment returns and the potential extent of market losses over the completion of any market cycle. Market internals are the “voting machine” and provide information about speculative versus risk-averse investor psychology. Presently, both the weighing machine and the voting machine point in the same direction. That will change. Until i
read more >

Latest Topic

read more >
December 2022 Portfolio Notes
Year-to-date market losses have retraced the frothiest segment of the recent speculative bubble, yet our estimates of prospective returns for a passive 60% S&P 500, 30% Treasury bond, 10% T-bill portfolio are nowhere near levels that we would associate with satisfactory long-term returns. Presently, market conditions reflect neither what we would

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 primarily
in U.S. stocks, with the objective
of long-term capital appreciation,
and places added emphasis on
defending capital during
unfavorable market conditions.

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, utiltity stocks,
and precious metals shares.

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

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

Recent Posts

FUND NEWS

December 2, 2022: Hussman Strategic Allocation Fund paid a capital gains distribution of $1.7395 per share, representing a short-term capital gain of $0.8324 per share and a long-term capital gain of $0.9071 per share. For shareholders who have elected to reinvest distributions, the result is to own a larger number of shares, at a lower distribution-adjusted price. From a tax standpoint, the distribution results in a current taxable gain (for taxable accounts), but also reduces the future tax liability because the Fund price is reduced by the amount of the distribution. We would prefer to avoid such distributions entirely, but doing so this year would have required us to offset the gains on our hedges by selling individual stocks that we view as core investments.

September 30, 2022: Hussman Strategic Total Return Fund paid an income distribution of $0.0841 per share. Hussman Strategic Allocation Fund paid an income distribution of $0.0228 per share.

August 26, 2022: The Hussman Funds June 2022 Annual Report is now available online.

June 30, 2022: Hussman Strategic Total Return Fund paid an income distribution of $0.0792 per share. Hussman Strategic Allocation Fund paid an income distribution of $0.0191 per share.

February 23, 2022: The Hussman Funds December 2021 Semi-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

Back To Top