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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, 2017

Hussman Strategic Total Return Fund
Total Return Fund Prospectus
Fund Performance Chart
Annual Report - June 30, 2017

Hussman Strategic International Fund
International Fund Prospectus
Fund Performance Chart
Annual Report - June 30, 2017

Hussman Strategic Value Fund
Value Fund Prospectus
Fund Performance Chart
Annual Report - June 30, 2017

Our Mission and Commitment to Shareholders

Weekly Market Comment

This Week:
Why Market Valuations are Not Justified
by Low Interest Rates

Current market valuations are consistent with negative expected returns for the S&P 500 over the coming 10-12 years, with a likely market loss of more than -60% in the interim. The proposition that “lower interest rates justify higher valuations” has become a rather dangerous slogan, and is a distressingly incomplete statement that ignores the other half of the sentence: “provided that the stream of expected cash flows is held constant.” Our refusal to accept the incomplete statement as a given is in no way a rejection of basic finance. To the contrary, it’s a reminder that investors need to quantify the effect of interest rates, to consider the fundamental drivers of growth, and to carefully examine the relationship between their preferred valuation measures and actual subsequent market returns.
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
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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



 FUND NEWS

September 29, 2017: Hussman Strategic Total Return Fund paid an income distribution of $0.0139 per share. Hussman Strategic Value Fund paid an income distribution of $0.0143 per share.

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


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