Hussman Funds - Investing for long-term returns while managing risk

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
Annual Report - June 30, 2011

Hussman Strategic Total Return Fund
Total Return Fund Prospectus
Fund Performance Chart
Annual Report - June 30, 2011

Hussman Strategic International Equity Fund
International Equity Fund Prospectus
Fund Performance Chart
Annual Report - June 30, 2011

Our Mission and Commitment to Shareholders

This Week:
Warning: Goat Rodeo
Once again, we now have a set of market conditions that is associated almost exclusively with steeply negative outcomes. In this case, we're observing an "exhaustion" syndrome that has typically been followed by market losses on the order of 25% over the following 6-7 month period (not a typo). Worse, this is coupled with evidence from leading economic measures that continue to be associated with a very high risk of oncoming recession in the U.S. - despite a modest firming in various lagging and coincident economic indicators, at still-tepid levels. Compound this with unresolved credit strains and an effectively insolvent banking system in Europe, and we face a likely outcome aptly described as a Goat Rodeo.
By John P. Hussman, Ph.D.
President, Hussman Investment Trust

Feature Article:
Five Global Risks to Monitor in 2012
Debt loads and economic growth vulnerability probably sum up the greatest potential risks for this year. While these were topics investors focused on in 2011, this year will raise the stakes. Large quantities of debt will need to be rolled over and coincident indicators are likely follow the currently downbeat leading ones. Both will need to be watched closely.
By William Hester, CFA
Senior Financial Analyst

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.

FUND NEWS

December 30, 2011: The Hussman Funds paid their required annual income distributions today. Strategic Growth distributed income of $0.0619 per share, Strategic International distributed income of $0.0542 per share. Strategic Total Return made a quarterly income distribution of $0.0292 per share.

November 18 , 2011: The Hussman Funds paid their required annual capital gain distributions today. Strategic Total Return distributed $0.0918 as short-term capital gains and $0.1385 as long-term capital gains (a total distribution of $0.2303 per share). Strategic International distributed a short-term capital gain of $0.1640 per share. There was no capital gain distribution required for the Strategic Growth Fund.


POPULAR ARTICLES

A Who's Who of Awful Times to Invest
We're Speaking Japanese without Knowing It
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
Irrational Exuberance Turns Seven
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)

For more information about investing in the Hussman Funds, please call us at
1-800-HUSSMAN (1-800-487-7626)
513-326-3551 outside the United States

Site and site contents © copyright 2003 Hussman Funds. Brief quotations including attribution and a direct link to this site (www.hussmanfunds.com) are authorized. All other rights reserved and actively enforced. Extensive or unattributed reproduction of text or research findings are violations of copyright law.

Site design by 1WebsiteDesigners.