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
Central Bankers Wandering in the Woods
Fed policy variables provide very little information about subsequent economic outcomes over-and-above the information available from non-monetary variables alone. The exception is economic crisis that inevitably follows interest rate suppression, yield-seeking speculation, and misalignment of monetary and economic quantities. 'The crisis takes a much longer time coming than you think,' said the late MIT economist Rudiger
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Latest Topic

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Collision Course: Monetary Tightening Meets an Easy Money Bubble
As central banks have shifted to almost purely discretionary monetary policies, investors have lost the anchor of observable economic data. Rising rates of inflation are already more persistent than anyone would have guessed, and the first global monetary tightening cycle in more than five years is likely to begin, amid record market valuations.

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.

Recent Posts

FUND NEWS

September 29, 2023: Hussman Strategic Total Return Fund paid an income distribution of $0.0936 per share. Hussman Strategic Allocation Fund paid an income distribution of $0.0402 per share.

August 29, 2023: The Hussman Funds June 2023 Annual Report is now available online.

June 30, 2023: Hussman Strategic Total Return Fund paid an income distribution of $0.1006 per share. Hussman Strategic Allocation Fund paid an income distribution of $0.0340 per share.

June 20, 2023: Hussman Strategic International Fund paid a final income distribution of $0.1309 per share. Pursuant to a return of capital to shareholders, all outstanding shares of the Fund will be redeemed at their net asset value per share determined as of the close of business on June 27, 2023 (the “Redemption Date”). Please see the Prospectus Supplement for additional detail.

March 31, 2023: Hussman Strategic Total Return Fund paid an income distribution of $0.0637 per share. Hussman Strategic Allocation Fund paid an income distribution of $0.0346 per share.

February 24, 2023: The Hussman Funds December 2022 Semi-Annual Report is now available online.

December 30, 2022: Hussman Strategic Growth Fund paid an income distribution of $0.0768 per share. Strategic Total Return Fund paid an income distribution of $0.0631 per share. Hussman Strategic Allocation Fund paid an income distribution of $0.0273 per share.

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.

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

Hussman Funds

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