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Market Climate
Market Climate profiles are based on average historical returns in each climate we identify. There is no assurance that these return and risk profiles will be maintained in the future. "Market Climate" and associated graphics are service marks of the Hussman Funds.

Hussman Strategic Growth Fund
Strategic Growth Fund Prospectus
Fund Performance Chart
Semiannual Report - December 31, 2016

Hussman Strategic Total Return Fund
Total Return Fund Prospectus
Fund Performance Chart
Semiannual Report - December 31, 2016

Hussman Strategic International Fund
International Fund Prospectus
Fund Performance Chart
Semiannual Report - December 31, 2016

Hussman Strategic Value Fund
Effective November 1, 2016, the name of the Fund has been changed to Hussman Strategic Value Fund, with symbol HSVLX
Value Fund Prospectus
Fund Performance Chart
Semiannual Report - December 31, 2016

Our Mission and Commitment to Shareholders

Weekly Market Comment

This Week:
Expect the S&P 500 to Underperform Risk-Free
T-Bills Over the Coming 10-12 Years

Presently, based on the most historically-reliable valuation measures we identify, we expect annual total returns for the S&P 500 averaging just 0.6% over the coming 12-year period; a prospective return that we expect will not only underperform bonds over this horizon, but even the lowly yields available on risk-free T-bills. Like the unwindings that followed the 2000 peak and the 2007 peak, there will be points in the interim where the prospective total return on stocks will likely be elevated (as a result of steep market losses and improved valuations), providing patient, flexible investors substantial opportunities for long-term total returns. Keep your eyes open, and look forward. Don’t equate a market that has been driven astoundingly beyond the historical bounds of prudence with a market that is actually safe. As in 2000, 2007, and every other bubble peak across history, the “safety” investors feel as they look at the glorious ascent in the rear-view mirror is actually nothing but recklessness before consequences
By John P. Hussman, Ph.D.
President, Hussman Investment Trust
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Investment Research & Insight

Featured Article
When Market Trends Break,
Even Borderline Data is Recessionary

When stock market action deteriorates and broad economic data is weakening even moderately, the risks of a recession actually jump considerably. The conditional probability of a recession prior to the market falling below its 12-month moving average was just 5-10 percent. It has now jumped to between 60 and 75 percent. This is roughly 6 or 7 times the odds that economists are allowing for a recession.
By William Hester, CFA
Senior Financial Analyst
Read More

Mutual Fund Brokerage Fees and Trading Costs
How much do mutual funds pay in commissions and trading costs? This is a question that the mutual fund industry seems reluctant to answer. In an industry already complicated by fees - sales loads, soft dollars, trailing fees, 12b-1 marketing fees - asking mutual funds to prominently disclose trading costs is unpopular among fund companies. We've decided to take the lead anyway. It's the right thing to do.
By John P. Hussman, Ph.D.
Read More


December 30 , 2016: Hussman Strategic Growth Fund paid an income distribution of $0.02 per share. Strategic Value Fund paid an income distribution of $0.02 per share.

November 1, 2016
: Pursuant to the investment policy change announced in August, the name of Hussman Strategic Dividend Value Fund has been changed to Hussman Strategic Value Fund, effective November 1, 2016, with the new ticker symbol HSVLX.

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


Broken Links: Fed Policy and the Growing Gap Betweeen Wall Street and Main Street

A Who's Who of Awful Times to Invest

Yes, This is an Equity Bubble

Setting the Record Straight

Mapping the Molecular Pathway of Autism

Why Warren Buffett Plays Bridge

The Likely Range of Market Returns in the Coming Decade

Freight Trains and Steep Curves

How Hedging Works

Long-Term Evidence on the Fed Model and Forward Operating P/E Ratios

The Two Essential Elements of Wealth Accumulation

The Policy Portfolio and the Next Equity Bear Market

Going for the Gold

The Future of Investment Management

Let's Start a Lemonade Stand!

Spinning Muons

Buy-and-Hold for the Duration?

Natural Consequences

The U.S. Productivity Miracle (Made in China)
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