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Form N-PX · fund registrantSEC filer no. 1110502

HUSSMAN INVESTMENT TRUST

fund voting report

Vote records reported
3,863year to 30 June 2026
Against management
23.8%942 of 3,959 marked votes
Say-on-pay support
78.1%for, of for + against + abstain
Shareholder-proposal support
4.6%for, of for + against + abstain
83.1% for10.4% against6.5% other23.8% against management4,204 votes

foragainstabstain, withhold or otheramber tick: the portion cast against management

HUSSMAN INVESTMENT TRUST reported 3,863 vote records for the year to 30 June 2026. It marked 23.8% of its votes as cast against management (942 of 3,959), 17.6 percentage points above the median fund registrant, which was 6.2%.

Weighted by the number of shares voted, the against-management share is 19.8%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.

On pay and on shareholder proposals: it voted for 78.1% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 4.6% of the proposals put forward by security holders (the median fund registrant: 27.5%).

By category, votes against management were most frequent in CAPITAL STRUCTURE (43.3% of 90), SHAREHOLDER RIGHTS AND DEFENSES (35.5% of 31) and CORPORATE GOVERNANCE (29.1% of 165).

Compared with other filers

Each rate is defined once, in the methodology. The median is taken over 1,241 fund registrants with at least 25 vote records in the season.

year to 30 June 2026This filerMedian fund registrantAll filers pooled
Against-management share23.8%6.2%10.6%
Say-on-pay support rate78.1%91.6%86.0%
Shareholder-proposal support rate4.6%27.5%33.9%
Shares on loan, share of shares held0.00%0.00%3.12%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
BlackRock and iShares7.5%88.3%11.9%
Fidelity6.0%94.7%27.6%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%77.1%50.4%

Votes by category

Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS2,8912,47726022.5%
SECTION 14A SAY-ON-PAY VOTES3952976026.7%
AUDIT-RELATED4163365220.7%
SHAREHOLDER RIGHTS AND DEFENSES3229235.5%
EXTRAORDINARY TRANSACTIONS1511357.1%
CAPITAL STRUCTURE109761443.3%
COMPENSATION1451131927.9%
CORPORATE GOVERNANCE1821382629.1%
ENVIRONMENT OR CLIMATE121000.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE6600.0%
OTHER SOCIAL ISSUES1100.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 20244,9618.9%21.0%10.2%
year to 30 June 20254,4498.5%12.0%3.4%
year to 30 June 20263,86323.8%78.1%4.6%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, HUSSMAN INVESTMENT TRUST voted against management on 53 of the 207 it marked either way (25.6%) in the year to 30 June 2026. The 40 companies with the most reporting filers are listed.

A further 10 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 31 proposals from security holders that could be told apart in the filings and on which it cast a vote, HUSSMAN INVESTMENT TRUST voted for 2 (6.5%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
Dollar General Corporation28 May 2026To vote on a shareholder proposal asking the Board to report on the feasibility of adopting a...
Akamai Technologies, Inc.13 May 2026To vote upon a shareholder proposal requiring the Company to provide a report on political spending.

Shares on loan

HUSSMAN INVESTMENT TRUST reported no shares on loan for the year to 30 June 2026. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.

Fund series in this filing

3 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.

SeriesVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
Hussman Strategic Allocation Fund2,35623.9%76.8%10.0%
Hussman Strategic Market Cycle Fund1,08325.5%75.5%0.0%
Hussman Strategic Total Return Fund42419.3%97.4%0.0%

The filings

These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.

Questions

How did HUSSMAN INVESTMENT TRUST vote on executive pay?

In the year to 30 June 2026 HUSSMAN INVESTMENT TRUST reported 379 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 296 were for (78.1%), 57 against and 26 abstentions. Counting one item per company meeting, it voted against management on 53 of the 207 say-on-pay items it marked either way. A further 10 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does HUSSMAN INVESTMENT TRUST vote against management?

23.8% of the time in the year to 30 June 2026: 942 of the 3,959 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.

Did HUSSMAN INVESTMENT TRUST support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 2 votes on proposals from security holders in the year to 30 June 2026 and voted for 0 of them (0.0%). Across every category it voted for 4.6% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.

Is this the result of the meetings?

No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.

Where does the data come from?

From the Form N-PX filings of this filer on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by HUSSMAN INVESTMENT TRUST (filer no. 1110502), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.