About HSAFX
The Hussman Strategic Allocation Fund is an actively managed mutual fund designed to achieve a total return by combining income and capital appreciation. Its core strategy involves allocating assets across U.S. and, to a lesser extent, foreign stocks, bonds—including U.S. Treasury securities—and cash equivalents, with allocations dynamically adjusted according to prevailing market valuations and expected returns. The fund places a significant emphasis on risk management, actively modifying its exposure to equities and fixed income when market conditions indicate rising risk-aversion or speculative activity. This flexible approach allows the fund to reduce or increase its sensitivity to broad market fluctuations, using tools such as options and futures to further adjust risk exposure as needed. Managed by John P. Hussman, Ph.D., since its inception in 2019, the fund primarily selects individual securities from major U.S. stock exchanges and sets allocations with the goal of supporting long-term, inflation-adjusted spending needs rather than targeting a specific investment horizon. The fund is classified as a diversified, tactical allocation vehicle within the global asset allocation category, and regularly reassesses its portfolio to reflect the adviser’s assessment of the risk and reward profiles across asset classes.
Fund Family Hussman Funds
Category Tactical Allocation
Performance Rating Below Average
Risk Rating Low
Stock Exchange Nasdaq
Ticker Symbol HSAFX
Index Index is not available on Lipper Database
HSAFX had a total return of 3.60% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.88%.
