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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
Fed Pivots and Baby Aspirin
The key takeaway is that attending directly to market internals is actually more effective than attending to monetary easing or tightening. Still, given that we can expect a pivot toward lower rates in the near future, how much do valuations tend to increase, on average, in the 3, 6, 12, and 24 months following a Fed pivot? The answer is simple. They don’t.
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Latest Topic

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Going All In - The Bubble in Profit Expectations
The heady optimism in forecasted earnings is hiding in aggressive expectations for profit margins. The rise in market valuations has been much more tightly linked to those elevated margins - and expectations for even higher margins next year and the year after - than investors may realize. If the widely held belief that public companies will perpetually become more profitable begins to falter, the steep valuation premium that has been priced into U.S. large-cap stocks over the past decade may evaporate.

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

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.

June 28, 2024: Hussman Strategic Total Return Fund paid an income distribution of $0.1716 per share. Hussman Strategic Allocation Fund paid an income distribution of $0.0580 per share.

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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