Performance Disclaimer

Please read the following statement.

The risk of loss in trading commodity interests can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.

The high degree of leverage that is often obtainable in commodity interest trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains.

In some cases, managed commodity accounts are subject to substantial charges for management and advisory fees. It may be necessary for those accounts that are subject to these charges to make substantial trading profits to avoid depletion or exhaustion of their assets. The disclosure document contains a complete description of the principal risk factors and each fee to be charged to your account by the commodity trading advisor.

The regulations of the Commodity Futures Trading Commission ("CFTC") require that prospective clients of a CTA receive a disclosure document when they are solicited to enter into an agreement whereby the CTA will direct or guide the client's commodity interest trading and that certain risk factors be highlighted. This document is readily accessible at this site. This brief statement cannot disclose all of the risks and other significant aspects of the commodity markets. Therefore, you should proceed directly to the disclosure document and study it carefully to determine whether such trading is appropriate for you in light of your financial condition. You are encouraged to access the disclosure document by clicking HERE. You will not incur any additional charges by accessing the disclosure document. You may also request delivery of a hard copy of the disclosure document, which also will be provided to you at no cost. The CFTC has not passed upon the merits of participating in this trading program nor on the adequacy or accuracy of the disclosure document.

Other disclosure statements are required to be provided before a commodity account may be opened for you.

Please acknowledge your understanding of the above statement by clicking on the button below. You may then continue to view the site.

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THESE RESULTS WERE ACHIEVED NOT WITHSTANDING DRAWDOWNS.
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How The Fortress Fund Fits Into Your Portfolio

  Inception to Date Annualized Return Standard Deviation Information Ratio Max Drawdown

Return Statistics

  Fortress Fund MSCI ACWI

Correlation

Fortress
MSCI ACWI
US Aggregate Bond
Fortress
1
MSCI ACWI
0.40
1
US Aggregate Bond
0.07
-0.08
1
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Fortress Program Returns

Returns are Net of Fees

Year JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL
The table on this page contains proprietary returns. Performance from January 2008 through June 2018 is from the proprietary track record of the original Fortress strategy, i.e. Salem's half of the Pickens-Abraham Foundation. Performance from July 2018 through today is from the Fortress Fund. The combined proprietary and Fortress Fund return stream is referred to as the "Fortress Strategy". All performance numbers are net of the 0.65% annual Fortress Fund fee, which is paid monthly.