HSTRX Fees and Costs — Hussman Strategic Total Return Fund
Data updated: 2026-08-28
The net expense ratio is 0.77% (0.85% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $136K in broker commissions, 0.0530% of average net assets, and portfolio turnover was 270%.
HSTRX Fees and Expenses
Annual operating expenses and sales charges of HSTRX. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.33% |
| Gross expense ratio | 0.85% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.77% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
HSTRX Costs Over Time
On $10,000 invested in HSTRX, assuming 5% a year before costs, total costs come to $517 over 5 years, cutting the return by 0.86% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.77%) | $81 | $253 | $439 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $283 | $517 |
| Value after costs | $10,414 | $11,293 | $12,246 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
HSTRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0530%
- Total broker commissions: $136K
- Bought from dealers (principal trades, not a cost): $519.6M
- Portfolio turnover (prospectus): 270%
- Securities lending: none during the year
HSTRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $136K | 100.00% |
HSTRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $519.6M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.