October 12, 2022 Q3 Recap Webinar
October 12, 2022 – Click here to view Salem's webinar presentation. Salem discusses a Q3 recap of the Fortress Fund and reviews the current market environment.
The Abraham Fortress Fund seeks to protect capital and achieve long-term capital appreciation. Investing involves substantial risk of loss, including the possible loss of the money you invest. Investors should carefully consider investment objectives, risks, charges, and expenses of the investment company and the fund before investing. Diversification does not assure a profit nor protect against loss in a declining market.
A put is an options contract that gives the owner the right, but not the obligation, to sell a certain amount of the underlying asset, at a set price within a specific time. An option is a financial instrument that is based on the value of underlying securities such as stocks. An options contract offers the buyer the opportunity to buy or sell the underlying asset depending on the type of contract they hold. A basis point is a standard measure for interest rates and other percentages in finance, with one basis point equalling 1/100th of 1% or 0.01%. VIX or the Cboe Volatility Index, is an index created by Cboe Global Markets, which shows the market’s expectation of 30-day volatility. When the VIX is low, volatility is low. When the VIX is high, volatility is high, which is usually accompanied by market fear.
Please refer to the Fund’s Prospectus for a full explanation of the Fund’s strategy and portfolio.
Photo by Nick Quan
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