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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
The Bubble - Contains the Collapse - Contains the Resurgence
If you look deeply into a speculative bubble, you can see the market collapse in it. If you look deeply into a market collapse, you can see the bull market in it. Each is a continuation of the other.
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Latest Topic

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How To Survive Falling Markets
Navigating challenging market conditions requires an understanding of how different asset classes, investment styles, and sectors perform during periods of heightened volatility. While traditional defensive assets like Treasuries have provided protection in some downturns, their effectiveness has been inconsistent. Hedged-equity strategies that hold stable, reasonably-valued, high-quality stocks — particularly weighted toward defensive sectors like Consumer Staples and Healthcare, can be particularly useful to investors during periods of market loss and heightened volatility.

Overview

Hussman Funds

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

HSGFX
Strategic Market Cycle
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

March 31, 2025: Hussman Strategic Total Return Fund paid an income distribution of $0.1110 per share. Hussman Strategic Allocation Fund paid an income distribution of $0.0510 per share.

November 1, 2024: Pursuant to the recently finalized SEC "names rule" for mutual funds, we have adopted a new fund name - Strategic Market Cycle Fund - for HSGFX. Based on SEC guidance, “the primary types of names that the amended rule is anticipated to cover include fund names with terms such as ‘growth’ or ‘value’ or certain terms that reference a thematic investment focus, including terms indicating that the fund’s investment decisions incorporate one or more ESG factors.” The new name, Strategic Market Cycle, remains consistent with our value-conscious, historically-informed, full-cycle investment discipline, and we believe it will help investors to distinguish the Fund's objective from purely passive, index-tracking funds.

August 29, 2024: The Hussman Funds June 2024 Annual Report is now available online. Reports and Prospectuses for each of the Hussman Funds can be accessed from The Funds menu tab under Prospectus & Reports.

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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