497 1 hussman_497.htm 497

April 1, 2022

 

HUSSMAN STRATEGIC GROWTH FUND

TICKER SYMBOL: HSGFX

 

An Investment Portfolio of

 

HUSSMAN INVESTMENT TRUST

 

Supplement to

Statement of Additional Information

 

November 1, 2021

 

Effective on January 31, 2022, Kevin Patton was elected to serve as Chief Compliance Officer of the Trust and effective on April 1, 2022, David James was elected to serve as Secretary of the Trust, replacing John F. Splain who retired from his position of Secretary and Chief Compliance Officer.

The list of Trustees and officers of the Trust in the section “Management of the Trust” beginning on page 21 of the Statement of Additional Information is replaced as follows:

MANAGEMENT OF THE TRUST

 

Overall responsibility for the supervision of the management of the Trust rests with its Trustees, who are elected either by the Trust’s shareholders or by the Trustees currently in office. The Trustees serve for terms of indefinite duration until death, resignation, retirement or removal from office. The Trustees, in turn, elect the officers of the Trust to actively supervise the Trust’s day-to-day operations. The officers are elected annually. Certain officers of the Trust also may serve as a Trustee.

 

The Trustees oversee the operations of the Trust in accordance with the laws of the State of Ohio governing business trusts. There are currently four Trustees, three of whom are not “interested persons,” as defined by the 1940 Act, of the Trust (the “Independent Trustees”). The Independent Trustees receive compensation for their services as Trustee and attendance at meetings of the Board of Trustees or committees thereof. Officers of the Trust receive no compensation from the Trust for performing the duties of their offices, except the Trust may compensate its Chief Compliance Officer.

 

The Trustees and executive officers of the Trust, their addresses and their principal occupations during the past five (5) years are as follows:

 

 

 
 

 

 

 

 

 

 

Name, Address and Age

 

 

 

Length of

Time

Served

 

 

 

 

Position(s) Held

with Trust

 

 

 

Principal Occupation(s) During

Past 5 Years and Directorships of

Public Companies

Number of

Portfolios

in Fund

Complex**

Overseen 

by Trustee

Interested Trustee:        

*John P. Hussman Ph.D. (age 59)

6021 University Boulevard, Suite 490

Ellicott City, Maryland 21043

 Since June 2000

President

and Trustee

 Chairman, President and Treasurer of Hussman Strategic Advisors, Inc. 4
         
Independent Trustees:        

David C. Anderson (age 71)

c/o Ultimus Fund Solutions, LLC

225 Pictoria Drive Suite 450

Cincinnati, Ohio 45246

 Since June 2000 Trustee Network Administrator for Hephzibah Children’s Association (child welfare organization) until his retirement in July 2021 4
         

Jody T. Foster (age 52)

c/o Ultimus Fund Solutions, LLC

225 Pictoria Drive, Suite 450

Cincinnati, Ohio 45246

 Since June 2016 Trustee President of Symphony Consulting LLC (provider of compliance, finance, marketing, operations and human resources services to public and private fund advisers); Trustee of Diamond Hills Funds (registered investment company); Trustee of Forum CRE Income Fund (registered investment company) from April 2021 until January 2022 4
         

William H. Vanover (age 74)

c/o Ultimus Fund Solutions, LLC

225 Pictoria Drive Suite 450

Cincinnati, Ohio 45246

 Since June 2000 Trustee Investment counselor with Planning Alternatives, Ltd. (registered investment adviser) until his retirement in June 2018; Member of the Board of Susa Registered Fund, L.L.C. (registered investment company) until June 2017 4
Executive Officers:        

Mark J. Seger (age 60)

225 Pictoria Drive, Suite 450

Cincinnati, Ohio 45246

Since June 2000

 

Treasurer

 

 Vice Chairman of Ultimus Fund Solutions, LLC and affiliated companies; Co-Chief Executive Officer of Ultimus Fund Solutions, LLC from 1999 until 2019  
         

Kevin Patton (age 51)

225 Pictoria Drive, Suite 450

Cincinnati, Ohio 45246

Since February 2022

 

 Chief Compliance Officer Senior Compliance Officer of Ultimus Fund Solutions, LLC (since January 2020); Partner and Chief Compliance Officer, Renaissance Investment Management from 2005 until 2020  
         

David James (age 52)

225 Pictoria Drive, Suite 450

Cincinnati, Ohio 45246

 Since April 2022 Secretary Executive Vice President and Chief Legal and Risk Officer of Ultimus Fund Solutions, LLC since 2018; Managing Director and Managing Counsel of State Street Bank and Trust Company from 2009 until 2018  
         
*John P. Hussman, Ph.D., as an affiliated person of the Adviser, is an “interested person” of the Trust within the meaning of Section 2(a)(19) of the 1940 Act.

 

**The Fund Complex consists of the Fund, the Total Return Fund, the International Fund and the Allocation Fund.

 

 

 
 

 

 

April 1, 2022

 

HUSSMAN STRATEGIC INTERNATIONAL FUND

TICKER SYMBOL: HSIEX

 

An Investment Portfolio of

 

HUSSMAN INVESTMENT TRUST

 

Supplement to

Statement of Additional Information

 

November 1, 2021

 

Effective on January 31, 2022, Kevin Patton was elected to serve as Chief Compliance Officer of the Trust and effective on April 1, 2022, David James was elected to serve as Secretary of the Trust, replacing John F. Splain who retired from his position of Secretary and Chief Compliance Officer.

The list of Trustees and officers of the Trust in the section “Management of the Trust” beginning on page 26 of the Statement of Additional Information is replaced as follows:

MANAGEMENT OF THE TRUST

 

Overall responsibility for the supervision of the management of the Trust rests with its Trustees, who are elected either by the Trust’s shareholders or by the Trustees currently in office. The Trustees serve for terms of indefinite duration until death, resignation, retirement or removal from office. The Trustees, in turn, elect the officers of the Trust to actively supervise the Trust’s day-to-day operations. The officers are elected annually. Certain officers of the Trust also may serve as a Trustee.

 

The Trustees oversee the operations of the Trust in accordance with the laws of the State of Ohio governing business trusts. There are currently four Trustees, three of whom are not “interested persons,” as defined by the 1940 Act, of the Trust (the “Independent Trustees”). The Independent Trustees receive compensation for their services as Trustee and attendance at meetings of the Board of Trustees or committees thereof. Officers of the Trust receive no compensation from the Trust for performing the duties of their offices, except the Trust may compensate its Chief Compliance Officer.

 

The Trustees and executive officers of the Trust, their addresses and their principal occupations during the past five (5) years are as follows:

 

 

 
 

 

 

 

 

 

 

Name, Address and Age

 

 

 

Length of

Time

Served

 

 

 

 

Position(s) Held

with Trust

 

 

 

Principal Occupation(s) During

Past 5 Years and Directorships of

Public Companies

Number of

Portfolios

in Fund

Complex**

Overseen 

by Trustee

Interested Trustee:        

*John P. Hussman Ph.D. (age 59)

6021 University Boulevard, Suite 490

Ellicott City, Maryland 21043

 Since June 2000

President

and Trustee

 Chairman, President and Treasurer of Hussman Strategic Advisors, Inc. 4
         
Independent Trustees:        

David C. Anderson (age 71)

c/o Ultimus Fund Solutions, LLC

225 Pictoria Drive Suite 450

Cincinnati, Ohio 45246

 Since June 2000 Trustee Network Administrator for Hephzibah Children’s Association (child welfare organization) until his retirement in July 2021 4
         

Jody T. Foster (age 52)

c/o Ultimus Fund Solutions, LLC

225 Pictoria Drive, Suite 450

Cincinnati, Ohio 45246

 Since June 2016 Trustee President of Symphony Consulting LLC (provider of compliance, finance, marketing, operations and human resources services to public and private fund advisers); Trustee of Diamond Hills Funds (registered investment company); Trustee of Forum CRE Income Fund (registered investment company) from April 2021 until January 2022 4
         

William H. Vanover (age 74)

c/o Ultimus Fund Solutions, LLC

225 Pictoria Drive Suite 450

Cincinnati, Ohio 45246

 Since June 2000 Trustee Investment counselor with Planning Alternatives, Ltd. (registered investment adviser) until his retirement in June 2018; Member of the Board of Susa Registered Fund, L.L.C. (registered investment company) until June 2017 4
Executive Officers:        

Mark J. Seger (age 60)

225 Pictoria Drive, Suite 450

Cincinnati, Ohio 45246

Since June 2000

 

Treasurer

 

 Vice Chairman of Ultimus Fund Solutions, LLC and affiliated companies; Co-Chief Executive Officer of Ultimus Fund Solutions, LLC from 1999 until 2019  
         

Kevin Patton (age 51)

225 Pictoria Drive, Suite 450

Cincinnati, Ohio 45246

Since February 2022

 

 Chief Compliance Officer Senior Compliance Officer of Ultimus Fund Solutions, LLC (since January 2020); Partner and Chief Compliance Officer, Renaissance Investment Management from 2005 until 2020  
         

David James (age 52)

225 Pictoria Drive, Suite 450

Cincinnati, Ohio 45246

 Since April 2022 Secretary Executive Vice President and Chief Legal and Risk Officer of Ultimus Fund Solutions, LLC since 2018; Managing Director and Managing Counsel of State Street Bank and Trust Company from 2009 until 2018  
         
*John P. Hussman, Ph.D., as an affiliated person of the Adviser, is an “interested person” of the Trust within the meaning of Section 2(a)(19) of the 1940 Act.

 

**The Fund Complex consists of the Fund, the Growth Fund, the Total Return Fund and the Allocation Fund.

 

 

 
 

April 1, 2022

 

HUSSMAN STRATEGIC TOTAL RETURN FUND

TICKER SYMBOL: HSTRX

 

An Investment Portfolio of

 

HUSSMAN INVESTMENT TRUST

 

Supplement to

Statement of Additional Information

 

November 1, 2021

 

Effective on January 31, 2022, Kevin Patton was elected to serve as Chief Compliance Officer of the Trust and effective on April 1, 2022, David James was elected to serve as Secretary of the Trust, replacing John F. Splain who retired from his position of Secretary and Chief Compliance Officer.

The list of Trustees and officers of the Trust in the section “Management of the Trust” beginning on page 31 of the Statement of Additional Information is replaced as follows:

MANAGEMENT OF THE TRUST

 

Overall responsibility for the supervision of the management of the Trust rests with its Trustees, who are elected either by the Trust’s shareholders or by the Trustees currently in office. The Trustees serve for terms of indefinite duration until death, resignation, retirement or removal from office. The Trustees, in turn, elect the officers of the Trust to actively supervise the Trust’s day-to-day operations. The officers are elected annually. Certain officers of the Trust also may serve as a Trustee.

 

The Trustees oversee the operations of the Trust in accordance with the laws of the State of Ohio governing business trusts. There are currently four Trustees, three of whom are not “interested persons,” as defined by the 1940 Act, of the Trust (the “Independent Trustees”). The Independent Trustees receive compensation for their services as Trustee and attendance at meetings of the Board of Trustees or committees thereof. Officers of the Trust receive no compensation from the Trust for performing the duties of their offices, except the Trust may compensate its Chief Compliance Officer.

 

The Trustees and executive officers of the Trust, their addresses and their principal occupations during the past five (5) years are as follows:

 

 
 

 

 

 

 

 

 

Name, Address and Age

 

 

 

Length of

Time

Served

 

 

 

 

Position(s) Held

with Trust

 

 

 

Principal Occupation(s) During

Past 5 Years and Directorships of

Public Companies

Number of

Portfolios

in Fund

Complex**

Overseen 

by Trustee

Interested Trustee:        

*John P. Hussman Ph.D. (age 59)

6021 University Boulevard, Suite 490

Ellicott City, Maryland 21043

 Since June 2000

President

and Trustee

 Chairman, President and Treasurer of Hussman Strategic Advisors, Inc. 4
         
Independent Trustees:        

David C. Anderson (age 71)

c/o Ultimus Fund Solutions, LLC

225 Pictoria Drive Suite 450

Cincinnati, Ohio 45246

 Since June 2000 Trustee Network Administrator for Hephzibah Children’s Association (child welfare organization) until his retirement in July 2021 4
         

Jody T. Foster (age 52)

c/o Ultimus Fund Solutions, LLC

225 Pictoria Drive, Suite 450

Cincinnati, Ohio 45246

 Since June 2016 Trustee President of Symphony Consulting LLC (provider of compliance, finance, marketing, operations and human resources services to public and private fund advisers); Trustee of Diamond Hills Funds (registered investment company); Trustee of Forum CRE Income Fund (registered investment company) from April 2021 until January 2022 4
         

William H. Vanover (age 74)

c/o Ultimus Fund Solutions, LLC

225 Pictoria Drive Suite 450

Cincinnati, Ohio 45246

 Since June 2000 Trustee Investment counselor with Planning Alternatives, Ltd. (registered investment adviser) until his retirement in June 2018; Member of the Board of Susa Registered Fund, L.L.C. (registered investment company) until June 2017 4
Executive Officers:        

Mark J. Seger (age 60)

225 Pictoria Drive, Suite 450

Cincinnati, Ohio 45246

Since June 2000

 

Treasurer

 

 Vice Chairman of Ultimus Fund Solutions, LLC and affiliated companies; Co-Chief Executive Officer of Ultimus Fund Solutions, LLC from 1999 until 2019  
         

Kevin Patton (age 51)

225 Pictoria Drive, Suite 450

Cincinnati, Ohio 45246

Since February 2022

 

 Chief Compliance Officer Senior Compliance Officer of Ultimus Fund Solutions, LLC (since January 2020); Partner and Chief Compliance Officer, Renaissance Investment Management from 2005 until 2020  
         

David James (age 52)

225 Pictoria Drive, Suite 450

Cincinnati, Ohio 45246

 Since April 2022 Secretary Executive Vice President and Chief Legal and Risk Officer of Ultimus Fund Solutions, LLC since 2018; Managing Director and Managing Counsel of State Street Bank and Trust Company from 2009 until 2018  
         
*John P. Hussman, Ph.D., as an affiliated person of the Adviser, is an “interested person” of the Trust within the meaning of Section 2(a)(19) of the 1940 Act.

 

**The Fund Complex consists of the Fund, the Growth Fund, the International Fund and the Allocation Fund.

 

 

 
 

 

April 1, 2022

 

HUSSMAN STRATEGIC ALLOCATION FUND

TICKER SYMBOL: HSAFX

 

An Investment Portfolio of

 

HUSSMAN INVESTMENT TRUST

 

Supplement to 

Statement of Additional Information

 

November 1, 2021

 

Effective on January 31, 2022, Kevin Patton was elected to serve as Chief Compliance Officer of the Trust and effective on April 1, 2022, David James was elected to serve as Secretary of the Trust, replacing John F. Splain who retired from his position of Secretary and Chief Compliance Officer.

The list of Trustees and officers of the Trust in the section “Management of the Trust” beginning on page 23 of the Statement of Additional Information is replaced as follows:

MANAGEMENT OF THE TRUST

 

Overall responsibility for the supervision of the management of the Trust rests with its Trustees, who are elected either by the Trust’s shareholders or by the Trustees currently in office. The Trustees serve for terms of indefinite duration until death, resignation, retirement or removal from office. The Trustees, in turn, elect the officers of the Trust to actively supervise the Trust’s day-to-day operations. The officers are elected annually. Certain officers of the Trust also may serve as a Trustee.

 

The Trustees oversee the operations of the Trust in accordance with the laws of the State of Ohio governing business trusts. There are currently four Trustees, three of whom are not “interested persons,” as defined by the 1940 Act, of the Trust (the “Independent Trustees”). The Independent Trustees receive compensation for their services as Trustee and attendance at meetings of the Board of Trustees or committees thereof. Officers of the Trust receive no compensation from the Trust for performing the duties of their offices, except the Trust may compensate its Chief Compliance Officer.

 

The Trustees and executive officers of the Trust, their addresses and their principal occupations during the past five (5) years are as follows:

 

 

 
 

 

 

 

 

 

 

Name, Address and Age

 

 

 

Length of

Time

Served

 

 

 

 

Position(s) Held

with Trust

 

 

 

Principal Occupation(s) During

Past 5 Years and Directorships of

Public Companies

Number of

Portfolios

in Fund

Complex**

Overseen 

by Trustee

Interested Trustee:        

*John P. Hussman Ph.D. (age 59)

6021 University Boulevard, Suite 490

Ellicott City, Maryland 21043

 Since June 2000

President

and Trustee

 Chairman, President and Treasurer of Hussman Strategic Advisors, Inc. 4
         
Independent Trustees:        

David C. Anderson (age 71)

c/o Ultimus Fund Solutions, LLC

225 Pictoria Drive Suite 450

Cincinnati, Ohio 45246

 Since June 2000 Trustee Network Administrator for Hephzibah Children’s Association (child welfare organization) until his retirement in July 2021 4
         

Jody T. Foster (age 52)

c/o Ultimus Fund Solutions, LLC

225 Pictoria Drive, Suite 450

Cincinnati, Ohio 45246

 Since June 2016 Trustee President of Symphony Consulting LLC (provider of compliance, finance, marketing, operations and human resources services to public and private fund advisers); Trustee of Diamond Hills Funds (registered investment company); Trustee of Forum CRE Income Fund (registered investment company) from April 2021 until January 2022 4
         

William H. Vanover (age 74)

c/o Ultimus Fund Solutions, LLC

225 Pictoria Drive Suite 450

Cincinnati, Ohio 45246

 Since June 2000 Trustee Investment counselor with Planning Alternatives, Ltd. (registered investment adviser) until his retirement in June 2018; Member of the Board of Susa Registered Fund, L.L.C. (registered investment company) until June 2017 4
Executive Officers:        

Mark J. Seger (age 60)

225 Pictoria Drive, Suite 450

Cincinnati, Ohio 45246

Since June 2000

 

Treasurer

 

 Vice Chairman of Ultimus Fund Solutions, LLC and affiliated companies; Co-Chief Executive Officer of Ultimus Fund Solutions, LLC from 1999 until 2019  
         

Kevin Patton (age 51)

225 Pictoria Drive, Suite 450

Cincinnati, Ohio 45246

Since February 2022

 

 Chief Compliance Officer Senior Compliance Officer of Ultimus Fund Solutions, LLC (since January 2020); Partner and Chief Compliance Officer, Renaissance Investment Management from 2005 until 2020  
         

David James (age 52)

225 Pictoria Drive, Suite 450

Cincinnati, Ohio 45246

 Since April 2022 Secretary Executive Vice President and Chief Legal and Risk Officer of Ultimus Fund Solutions, LLC since 2018; Managing Director and Managing Counsel of State Street Bank and Trust Company from 2009 until 2018  
         
*John P. Hussman, Ph.D., as an affiliated person of the Adviser, is an “interested person” of the Trust within the meaning of Section 2(a)(19) of the 1940 Act.

 

**The Fund Complex consists of the Fund, the Growth Fund, the Total Return Fund and the International Fund.