Hussman Strategic Dividend Value Fund

Class Other (HSDVX)

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 54.61 0.0 54.61
Stocks 43.41 0.0 43.41
Bonds 0.0 0.0 0.0
Other 0.18 2.41 -2.23
Foreign Bonds 0.0 0.0 0.0
Foreign Stocks 4.22 0.0 4.22
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 12.31.2012

Top 10 Holdings

Performance as of 04.30.2013

Portfolio as of 12.31.2012

Ticker YTD Return % % Net Assets
Murphy Oil Corporation MUR 2.62 0.91
Johnson & Johnson JNJ 21.03 0.89
Campbell Soup Co CPB 32.27 0.89
Novartis AG ADR NVS 18.86 0.87
Baxter International Inc. BAX 4.05 0.85
Abbott Laboratories ABT 18.6 0.83
Garmin, Ltd. GRMN -16.25 0.83
Basf SE ADR BASFY -3.04 0.83
Aflac Inc AFL 3.03 0.81
Walgreen Company WAG 32.98 0.8
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