Abraham Fortress Fund Performance
********Dividend Payment on 12/27/2023 of $0.1843.
Class I Shares (FORTX) are purchased through an investment platform where you already have a brokerage account, like Schwab. Class K Shares (FORKX) are purchased directly from Abraham Trading.
Please read the the full prospectus here for detailed information about the fund and its risks.
Please click here for standardized performance. Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
********Dividend Payment on 12/27/2023 of $0.1910.
Class I Shares (FORTX) are purchased through an investment platform where you already have a brokerage account, like Schwab. Class K Shares (FORKX) are purchased directly from Abraham Trading.
Please read the the full prospectus here for detailed information about the fund and its risks.
Please click here for standardized performance. Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
The Abraham Fortress Fund is a diversified mutual fund with a portfolio of stocks, bonds, and diversifying strategies. The Fortress Fund seeks to protect capital and achieve long-term capital appreciation.
Abraham Trading Company seeks to create a balanced portfolio by allocating investments among various asset classes in an attempt to protect and grow fund capital. Generally, the fund attempts to invest in a balanced portfolio consisting of:
Equity
40-60% exposure in equities comprised of stocks of issuers of any market capitalization in the United States, and derivative instruments such as futures, options or swaps on equity securities or equity indices.
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Fixed Income
10-30% in fixed income securities (generally with greater than 5 years of remaining maturity) issued by the US government, other sovereign bonds, and any investment grade bonds.
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Diversifying Strategies
10-30% in a diversified portfolio of trading strategies/programs managed by one or more trading advisors including the Advisor (the "Diversifying Strategies") through investments in securities or derivatives (such as futures, swaps, or options) either directly or indirectly through the fund or its subsidiary. The fund through its subsidiary will also generally have a 0-15% long gold exposure through commodity linked derivatives and/or exchange-traded funds (ETFs).
Shareholder Fees (paid directly from your investment)
The tables below describe the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and example below. Please review the fund prospectus here for more information.
on Purchases (as a percentage of offering
price)
maintenance fee)
on Purchases (as a percentage of offering price)
maintenance fee)
on Purchases (as a percentage of offering price)
maintenance fee)
Annual Fund Operating Expenses Fees
These are expenses that you pay each year as a percentage of the value of your investment.
after waiving fees and/or reimbursing
expenses ²
(as of 10/31/24)
(as of 10/31/24)
(through 09/30/24)
(through 09/30/24)
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
(Standard Deviation)
Shares of the Fund are only offered by current prospectus and are intended solely for persons to whom shares of the US registered funds may be sold. The site shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of shares of the Fund in any jurisdiction in which such offer, solicitation, or sale would be unlawful.
Questions for Abraham Trading? Call 806-323-8000 or email info@abrahamtrading.com.
PLEASE READ THE FOLLOWING DISCLOSURES CAREFULLY. THIS AND OTHER INFORMATION IS IN THE PROSPECTUS, A COPY OF WHICH MAY BE OBTAINED HERE OR FROM ABRAHAM TRADING COMPANY BY CALLING 806-323-8000 OR EMAILING INFO@ABRAHAMTRADING.COM. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST.
There is no guarantee that any investment will achieve its goals and generate profits or avoid losses. Investors should carefully consider investment objectives, risks, charges, and expenses of the investment company and the Abraham Fortress Fund before investing. Diversification does not assure a profit nor protect against loss in a declining market.
Mutual fund investing involves risk; principal loss is possible. Investments in debt securities involve credit risk and typically decrease in value when interest rates rise. Investments in lower rated and non rated securities involve greater risk. Investments in foreign securities involve political, economic, and currency risks, greater volatility, and differences in accounting methods. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management, and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. The Fund may use leverage which may cause the effect of an increase or decrease in the value of the portfolio securities to be magnified and the Fund to be more volatile than if leverage was not used. The Fund invests in small and mid-cap companies, which involve additional risks such as limited liability and greater volatility than large-cap companies. Investments related to gold are considered speculative and are affected by a variety of worldwide economic, financial, and political factors. The price of gold may fluctuate sharply over short periods of time, even during periods of rising prices. Full descriptions of risk factors can be found in the fund’s prospectus at this link.
Shares of the Fund are only offered by current prospectus and are intended solely for persons to whom shares of the US registered funds may be sold. The site shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of shares of the Fund in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The SEC and the Commodity Futures Trading Commission have not approved or disapproved these securities or passed upon the accuracy or adequacy of this information. Any representation to the contrary is a criminal offense. There can be no assurance that the Fund will achieve its investment objectives.
The Abraham Fortress Fund is distributed by IMST Distributors, LLC, a FINRA/SIPC member. Abraham Trading, LP, is not affiliated with IMST Distributors, LLC. The information presented in these materials is for general information purposes only and does not constitute an offer, subscription, recommendation, or solicitation to invest in either the Abraham Fortress Fund, LP (“Predecessor Fund”) or the Abraham Fortress Fund mutual fund (the “Fund”). The information in this document should not be relied upon independent of the Abraham Fortress Fund prospectus, which has important information regarding the Fund. While the information given is believed to be complete and accurate, we cannot guarantee their completeness or accuracy. As a term and condition of your use of this report, you expressly hold harmless and waive any claim you have or may have as a result of any of the information and statistics in this report provided by third parties being incomplete or inaccurate. The information may not in all cases be current, and it is subject to continuous change. Accordingly, you should not rely on any of the information contained in these materials as authoritative or a substitute for the exercise of your own skill and judgment in making any investment or other decision.
Before you decide to invest in the Fund, carefully consider these risk factors (described in the prospectus at this link), which may cause investors to lose money:
Year-to-Date Performance Comparison for Class K Shares (see benchmark descriptions below) for Class K Shares2
Inception-to-Date Performance Comparison of $1,000 for Class K Shares (see benchmark descriptions below)2
Inception-to-Date Drawdown Comparison (peak-to-trough decline, see benchmark descriptions below) for Class K Shares2
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¹Volatility is a statistical measure of the dispersion of returns for a given security or market index. 1-Year Volatility is annualized based on daily numbers. Since Inception Volatility is annualized based on monthly numbers.
2The Abraham Fortress Fund (the "Mutual Fund") is an SEC registered open-end mutual fund with an inception date of July 26, 2018. The Fortress Fund includes performance from the Abraham Fortress Fund, LP, a Delaware Limited Partnership (the “Predecessor Fund”), and the Abraham Fortress Fund, an SEC-registered open-end mutual fund (the “Mutual Fund”). Performance between 07/26/2018 and 10/12/2021 is from the Abraham Fortress Fund, LP, a Delaware Limited Partnership (the “Predecessor Fund”). On 10/13/2021, the Predecessor Fund converted into a SEC-registered open-end mutual fund. The Mutual Fund's objectives, policies, guidelines, and restrictions are materially equivalent to those of the Predecessor Fund, which is why the Predecessor Fund's track record and inception date were allowed to be assumed by the Mutual Fund. The Abraham Fortress Fund, LP performance also reflects proprietary performance from 07/26/2018 through 04/30/21, when Salem Abraham's investments represented over half of the fund's assets.
370/30 Portfolio uses 70% MSCI ACWI Index and 30% US Aggregate Bond Index, and its statistics used in the tables above reflect no deductions for fees, expenses, or taxes.
4MSCI ACWI is the MSCI ACWI Index (All Country World Index), a free float-adjusted market capitalization-weighted index that is designed to measure the equity market performance of developed and emerging markets. Its statistics used in the tables above reflect no deductions for fees, expenses, or taxes.
5US Aggregate Bond Index is the Bloomberg US Aggregate Bond Index, a broad-based flagship benchmark that measures the investment grade USD-denominated fixed-rate taxable bond market. Its statistics used in the tables above reflect no deductions for fees, expenses, or taxes.
Past performance is no guarantee of future results. Performance data quoted represents past performance. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted. Performance figures include the reinvestment of all dividends and any capital gains distributions. All returns are net of expenses unless otherwise noted.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
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