ABRAHAM TRADING COMPANY - Key Persons

Job Titles:

• Executive Assistant
• Executive Assistant for the Texas Branch

Christie Spence is an Executive Assistant for the Texas branch of Abraham Trading Company. Christie has extensive experience in mineral management, property management, and information management. She lives in Canadian with her family.

Job Titles:

• Director of Marketing

Kate Abraham is the Director of Marketing at Abraham Trading and the Branch Manager of Abraham Trading's Colorado office. She graduated from Harvard College in 2014 with a B.A. degree in Psychology, focusing on organizational behavior and behavioral economics. She also received a minor in Global Health and Health Policy. Prior to Abraham Trading, Kate managed energy projects in Texas and real estate projects in Colorado. Kate is registered with the CFTC as an associated person of Abraham Trading and is a member of the National Futures Association. She is also registered with IMST Distributors, LLC, which is not affiliated with Abraham Trading Company or its affiliates. Kate lives in the Roaring Fork Valley in Colorado with her family. Before you invest in the Abraham Fortress Fund, please refer to the summary or statutory prospectus for important information about the investment company, including investment objectives, risks, charges and expenses. You may also obtain a hard copy of the prospectus by calling (806) 323-8000. The prospectus should be read carefully before you invest.

Job Titles:

• Director of Research

Larry is the Director of Research at Abraham Trading. Larry graduated from West Texas A&M University in 1993 with a B.B.A. degree in Finance. He joined Abraham Trading in 1995. He has managed back office accounting, the trade desk, computer programming, system research, and risk management. As the Director of Research, he is responsible for strategy research and implementation as well as risk modeling and monitoring. Larry is registered with the CFTC as an associated person of Abraham Trading and is a member of the National Futures Association. He resides with his family in Canadian, Texas.

Job Titles:

• Director of Accounting

LeAnn Sherman is the Director of Accounting at Abraham Trading Company. LeAnn has been a core member of the Abraham Trading team since the start of the company. Prior to Abraham Trading, she managed bookkeeping and accounting at General Motors and John Deere dealerships. Since 1990, LeAnn has managed the accounting, bookkeeping, human resources, and back office operations at Abraham Trading.

Job Titles:

• Chief Compliance Officer
• Director of Operations

Russell Fry serves as the Chief Compliance Officer and Director of Operations at Abraham Trading. Russell has been with the firm since 2001. He is responsible for compliance, operational management, and reporting duties. Russell graduated from Texas Tech University in 1996 magna cum laude with a B.A. in History. Russell is registered with the CFTC as an associated person of Abraham Trading and is a member of the National Futures Association.

Job Titles:

• President
• President & Head Researcher

Salem Abraham is the President of Abraham Trading. Salem graduated cum laude from the University of Notre Dame in December 1987 with a bachelor's degree in finance. He began his investing career as a futures trader while still in college, using quantitative models to trade global futures markets beginning in 1987. Throughout his career, Salem has managed investments in stocks, bonds, options, derivatives, and private equity. He has held full membership seats at both the Chicago Mercantile Exchange and the Chicago Board of Trade. His first investment experiences were shared with his grandfather, who employed him to buy and sell distressed minerals and ranches in the Texas Panhandle in the late 80s. In total, Salem has bought and sold more than 200,000 acres of land and resources. He manages investments in oil and gas properties, wind rights and residential, commercial, and agricultural real estate properties. Salem has served on nonprofit investment boards for over 25 years. From 1995 to 2014, he served on the Amarillo Area Foundation Investment Committee. From 2004 to 2021, he served on the St. Jude Children's Research Hospital Investment Committee. He assists with both large and small nonprofit endowments, with portfolios ranging from $1 million to over $4 billion in assets. His experiences with large and small institutional investors have provided insights into the unique mandates and challenges of managing foundation and endowment portfolios of all sizes. Salem started the Pickens-Abraham Foundation with T. Boone Pickens in 2008. The foundation provided college scholarships to accomplished graduating seniors in the Texas Panhandle. The investment strategy that Salem used for his part of the foundation was the inspiration for the Abraham Fortress Fund strategy. After Pickens' death, the Pickens-Abraham Foundation dissolved, and Salem's portion of the money became the Salem and Ruth Ann Abraham Foundation. The foundation provides education scholarships and donates to universities, family services, children's causes, and health services. Salem has been featured in Michael Covel's books The Complete TurtleTrader and Trend Following. He has also appeared in Bloomberg Markets, Absolute Return, Barron's, Institutional Investor, and The New York Times. Salem continues to lead the research efforts at Abraham Trading Company.