Abraham Fortress Fund Performance

The Abraham Fortress Fund (FORTX and FORKX) is a diversified, actively managed mutual fund launched by Abraham Trading Company in 2018 that seeks to protect capital and achieve long-term capital appreciation. Abraham Trading seeks to create a balanced portfolio by allocating investments among stocks, bonds, and diversifying strategies in an attempt to protect and grow capital.

The Fortress Fund invests in a balanced portfolio that generally includes 40-60% Stocks, 10-30% Bonds, and 10-30% Diversifying Strategies. The Fund’s portfolio includes some leverage. Please refer to the prospectus and other fund documents for a full description of the portfolio’s investments, fund terms, and risks.

Class I Shares (FORTX) are purchased through an investment platform where you already have a brokerage account, like Charles Schwab or Pershing, while Class K Shares (FORKX) are purchased through UMB, our fund administrator, at this link.

FORKX also has a slightly lower expense ratio than FORTX. Please refer to the prospectus for a full description of fees.

Finally, FORKX generally has a higher investment minimum than FORTX. FORKX generally has a $25,000 minimum investment, and FORTX generally has a $10,000 minimum investment.

FORKX has a $25,000 minimum investment, and FORTX generally has a $10,000 minimum investment.

The Fortress Fund Class I Shares (FORTX) are available on Schwab, Pershing, Vanguard, Matrix, Interactive Brokers, Paychex, and Wells Fargo (retail only). FORTX is not currently available at Fidelity, UBS, LPL, J.P. Morgan, or Wells Fargo Advisors. If you have questions, email us at info@abrahamtrading.com or call us at 806-323-8000.

The Fortress Fund Class K Shares (FORKX) can be purchased through UMB, our fund administrator. If you would like to invest in FORKX, open an account at UMB at this link. Contact Shareholder Services at 1-844-323-8200 for assistance.

To invest in the mutual fund, an investor must be a resident of the United States. To invest in FORTX, the investor must have a brokerage account with an investment platform that has made FORTX available to buy. To invest in FORKX, an investor must open an account with UMB, our fund administrator.

To buy FORTX, log in to your brokerage account, type in the ticker symbol FORTX, choose a number of shares to purchase or a dollar amount, and place the order to purchase FORTX. To buy FORKX, open your account at UMB and follow the instructions to invest.

FORTX has a Gross Expense Ratio of 1.13% and a Net Expense Ratio of 0.74%, while FORKX has a Gross Expense Ratio of 1.04% and a Net Expense Ratio of 0.65%. The Fund has contractually agreed to waive its fees (excluding, as applicable, taxes, leverage interest, brokerage commissions, fees and costs associated with derivatives, dividend and interest expenses on short sales, acquired fund fees and expenses, and/or pay for operating expenses of the Fund to ensure that total annual fund operating expenses do not exceed 0.65% for FORKX and 0.75% for FORTX. This agreement is effective until 10/31/35.

The Fortress Fund is managed by Salem Abraham, the Founder and President of Abraham Trading, and Co-Portfolio Manager, Ryan Barrett, Ph.D.

Salem began trading in global futures markets in 1987, and he founded Abraham Trading Company in 1990. From 1988 to 2019, Salem and Abraham Trading managed the Abraham Diversified Program, a CFTC-registered managed futures fund. For over three decades, Salem and the Abraham Trading team have managed investment funds used by foundations, endowments, pensions, family offices, mutual funds, and individuals. Salem launched the Fortress Fund in 2018.

Ryan Barrett, Ph.D. joined Abraham Trading in 2023 and became a Co-Portfolio Manager for the fund in 2025. He brings special expertise in quantitative analysis, risk modeling, psychology, and strategy research.

Yes. The Diversifying Strategies in the Fortress Fund includes a diversified portfolio of trading strategies and programs with investments in securities or derivatives (such as futures, swaps, or options). As part of the Diversifying Strategies, the Fund also will generally have a 0-15% long gold exposure through commodity linked derivatives and/or ETFs. As a reminder, the Fund’s portfolio includes some leverage. Refer to the prospectus for details on the portfolio, investments, and risks.

Our approach to diversification and risk management came from our alternative investing experience, but we believe the same principles can be applied to other asset classes as well. We believe stocks and bonds can bring value to a portfolio if they are well-balanced, especially when there are diversifying investments combined with them. We encourage investors to look at the Fortress track record and portfolio to better understand how the results of our approach can be different even though we use some investments they may already have.

Some investors prioritize diversification and lower volatility in their portfolios, which is why The Fortress Fund incorporates diversifying investments to try to provide a more diversified portfolio than typical stock and bond funds. The Fortress Fund is our best effort to provide a balanced, diversified portfolio that aims to achieve steadier returns with lower volatility than traditional stock/bond portfolios.

We believe the Abraham Trading’s team deep experience in alternative investments gives us special expertise in creative diversification and risk management. Our lengthy investing experience informs the unique way we think about portfolio construction and the tools we use to make active management decisions in the fund.