Salem is the investment advisor to the Shepherd Street Equity Fund*, a no-load** mutual fund with an investment objective of growth in capital. The Shepherd Street Equity Fund provides smaller investors with the opportunity to benefit from Salem’s experience.

*The Shepherd Street Equity Fund is distributed by Ultimus Fund Distributors, LLC (Cincinnati, Ohio).

**Other fees and expenses do apply to a continual investment in the fund and are described in the prospectus.

	Download Fund Prospectus (requires Free Acrobat Reader)
	Download Statement of Additional Information (requires Free Acrobat Reader)
	Download SSEFX Semi-Annual Report (requires Free Acrobat Reader)
	Download SSEFX Annual Report (requires Free Acrobat Reader)