Hussman Strategic Market Cycle Fund (HSGFX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

5.56

+0.04 (0.72%)

At close: Oct 15, 2026

Fund Assets	373.07M
Expense Ratio	1.264%
Min. Investment	$1,000
Turnover	410.00%
Dividend (ttm)	0.13
Dividend Yield	2.38%
Dividend Growth	-19.51%
Payout Frequency	Annual
Ex-Dividend Date	Dec 31, 2025

Previous Close	5.52
YTD Return	-2.99%
1-Year Return	-4.58%
5-Year Return	-4.42%
52-Week Low	5.09
52-Week High	6.03
Beta (5Y)	-0.56
Holdings	210
Inception Date	Jul 24, 2000

About HSGFX

The Strategic Market Cycle Fund is a mutual fund designed with a dual mandate: to achieve long-term capital appreciation while placing a strong emphasis on protecting capital during unfavorable market conditions. Managed by John P. Hussman, Ph.D., since its inception in 2000, the fund primarily invests in common stocks selected for their favorable valuations and market characteristics. What sets this fund apart is its use of active risk management strategies, including the use of options, index futures, and short sales of ETFs to hedge or adjust equity market exposure depending on prevailing market conditions. This flexible approach enables the fund to dynamically reduce risk during volatile or declining markets and potentially increase exposure when conditions are deemed favorable. The fund generally favors companies with market capitalizations exceeding $500 million and can hold a combination of equities, cash reserves, and derivative contracts. Its role in the financial market is to offer investors a vehicle that blends growth-oriented stock selection with robust risk controls, aiming to navigate full market cycles rather than simply tracking a benchmark index.

Fund Family Hussman Funds

Category Options Trading

Performance Rating Low

Risk Rating Above Average

Stock Exchange Nasdaq

Ticker Symbol HSGFX

Index S&P 500 TR

Performance

HSGFX had a total return of -4.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.33%.

Top 10 Holdings

56.85% of assets

Name	Symbol	Weight
Invesco Shrt-Trm Inv Treasury Instl	TRPXX	45.38%
PepsiCo, Inc.	PEP	1.39%
Ubiquiti Inc.	UI	1.37%
THE OPTIONS CLEARING CORPORATION - Russell 2000 Index/Old 08/21/2026 3000 Put	RUT. 260821P03000000	1.31%
Incyte Corporation	INCY	1.29%
Viasat, Inc.	VSAT	1.28%
Neurocrine Biosciences, Inc.	NBIX	1.25%
Biogen Inc.	BIIB	1.23%
The Hershey Company	HSY	1.20%
Cimpress plc	CMPR	1.16%

View More Holdings

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 31, 2025	$0.1324	Jan 2, 2026
Dec 31, 2024	$0.1645	Jan 2, 2025
Dec 29, 2023	$0.1879	Jan 2, 2024
Dec 30, 2022	$0.0768	Jan 3, 2023
Dec 31, 2021	$0.0259	Dec 31, 2021
Dec 31, 2020	$0.010	Jan 4, 2021

Full Dividend History