Document and Entity Information
Document and Entity Information - Jun. 30, 2015 - shares | Total |
Document And Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Jun. 30, 2015 |
Document Fiscal Year Focus | 2,015 |
Document Fiscal Period Focus | Q2 |
Trading Symbol | FRFD |
Entity Registrant Name | Equinox Frontier Funds |
Entity Central Index Key | 1,261,379 |
Current Fiscal Year End Date | --12-31 |
Entity Filer Category | Non-accelerated Filer |
Entity Common Stock, Shares Outstanding | 0 |
Statements of Financial Conditi
Statements of Financial Condition - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
ASSETS | ||
Cash and cash equivalents | $ 21,392,438 | $ 18,977,844 |
U.S. Treasury securities, at fair value | 128,817,968 | 139,953,516 |
Receivable from futures commission merchants | 61,682,864 | 65,911,348 |
Open trade equity, at fair value | 14,824,422 | |
Options purchased, at fair value | 3,819,429 | 9,075,883 |
Swap contracts, at fair value | 38,220,263 | 35,990,887 |
Prepaid service fees | 29,917 | 16,042 |
Interest receivable | 2,207,897 | 2,151,018 |
Receivable from related parties | 5,058 | 5,661 |
Other assets | 10 | 500,010 |
Total Assets | 256,175,844 | 287,406,631 |
LIABILITIES | ||
Open trade deficit, at fair value | 17,281 | |
Options written, at fair value | 2,581,870 | 8,963,838 |
Pending owner additions | 39,168 | 41,954 |
Owner redemptions payable | 9,883 | 159,066 |
Incentive fees payable to Managing Owner | 94,737 | 6,665,328 |
Management fees payable to Managing Owner | 433,161 | 468,154 |
Interest payable to Managing Owner | 207,941 | 203,086 |
Trading fees payable to Managing Owner | 304,512 | 324,854 |
Service fees payable to Managing Owner | 313,101 | 336,115 |
Payables to related parties | 52,391 | 37,927 |
Other liabilities | 0 | 0 |
Total Liabilities | 4,054,045 | 17,200,322 |
Managing Owner Units | 5,851,215 | 5,672,261 |
Limited Owner Units | 246,270,584 | 264,534,048 |
Total Capital | 252,121,799 | 270,206,309 |
Total Liabilities and Capital | 256,175,844 | 287,406,631 |
Managing Owner [Member] | ||
LIABILITIES | ||
Total Capital | 5,851,215 | 5,736,634 |
Limited Owners [Member] | ||
LIABILITIES | ||
Total Capital | 246,270,584 | 264,469,675 |
Equinox Frontier Diversified Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 4,827,779 | 4,210,638 |
U.S. Treasury securities, at fair value | 29,071,240 | 31,051,659 |
Receivable from futures commission merchants | 14,670,707 | 22,731,129 |
Open trade equity, at fair value | 3,215,206 | |
Options purchased, at fair value | 374,470 | 288,413 |
Swap contracts, at fair value | 7,615,169 | 6,570,408 |
Investments in unconsolidated trading companies, at fair value | 6,198,464 | 6,594,379 |
Interest receivable | 498,272 | 477,250 |
Other assets | 249,997 | |
Total Assets | 63,279,719 | 75,398,613 |
LIABILITIES | ||
Open trade deficit, at fair value | 571,551 | |
Options written, at fair value | 219,660 | 253,018 |
Pending owner additions | 1,320 | 1,527 |
Owner redemptions payable | 57,953 | |
Incentive fees payable to Managing Owner | 4,000 | 2,387,825 |
Management fees payable to Managing Owner | 83,476 | 86,486 |
Interest payable to Managing Owner | 15,798 | 16,168 |
Trading fees payable to Managing Owner | 124,327 | 132,984 |
Service fees payable to Managing Owner | 36,650 | 34,905 |
Payables to related parties | 3,544 | 2,371 |
Other liabilities | 0 | 0 |
Total Liabilities | 1,060,326 | 2,973,237 |
Total Capital | 62,219,393 | 72,425,376 |
Total Liabilities and Capital | 63,279,719 | 75,398,613 |
Total Owners' Capital | 55,127,056 | 60,007,609 |
Non-Controlling Interests | $ 7,092,337 | $ 12,417,767 |
Equinox Frontier Diversified Fund [Member] | Total Owner Class 1 [Member] | ||
Units Outstanding | 137,951 | 169,725 |
Net Asset Value per Unit | $ 115.55 | $ 113.09 |
ASSETS | ||
Prepaid service fees | $ 23,618 | $ 9,534 |
Equinox Frontier Diversified Fund [Member] | Total Owner Class 2 [Member] | ||
Units Outstanding | 246,850 | 282,534 |
Net Asset Value per Unit | $ 128.49 | $ 124.67 |
Equinox Frontier Diversified Fund [Member] | Total Owner Class 3 [Member] | ||
Units Outstanding | 62,912 | 48,583 |
Net Asset Value per Unit | $ 118.70 | $ 115.03 |
Equinox Frontier Diversified Fund [Member] | Managing Owner [Member] | Class 2 [Member] | ||
Units Outstanding | 14,576 | 14,576 |
LIABILITIES | ||
Managing Owner Units | $ 2,594,028 | $ 2,516,879 |
Total Capital | $ 2,594,028 | $ 2,516,879 |
Equinox Frontier Diversified Fund [Member] | Managing Owner [Member] | Class 3 [Member] | ||
Units Outstanding | 275 | 275 |
LIABILITIES | ||
Managing Owner Units | $ 32,642 | $ 31,632 |
Total Capital | $ 32,642 | $ 31,632 |
Equinox Frontier Diversified Fund [Member] | Limited Owners [Member] | Class 1 [Member] | ||
Units Outstanding | 137,951 | 169,725 |
LIABILITIES | ||
Limited Owner Units | $ 15,940,760 | $ 19,195,036 |
Total Capital | $ 15,940,760 | $ 19,195,036 |
Equinox Frontier Diversified Fund [Member] | Limited Owners [Member] | Class 2 [Member] | ||
Units Outstanding | 232,274 | 267,958 |
LIABILITIES | ||
Limited Owner Units | $ 29,124,659 | $ 32,707,413 |
Total Capital | $ 29,124,659 | $ 32,707,413 |
Equinox Frontier Diversified Fund [Member] | Limited Owners [Member] | Class 3 [Member] | ||
Units Outstanding | 62,637 | 48,308 |
LIABILITIES | ||
Limited Owner Units | $ 7,434,967 | $ 5,556,649 |
Total Capital | 7,434,967 | 5,556,649 |
Equinox Frontier Masters Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 1,978,484 | 2,199,066 |
U.S. Treasury securities, at fair value | 11,913,754 | 16,217,173 |
Investments in unconsolidated trading companies, at fair value | 8,767,520 | 7,901,978 |
Interest receivable | 204,198 | 249,250 |
Receivable from related parties | 2,976 | 3,050 |
Total Assets | 22,872,821 | 26,576,520 |
LIABILITIES | ||
Pending owner additions | 1,566 | 2,056 |
Incentive fees payable to Managing Owner | 41,071 | 722,043 |
Management fees payable to Managing Owner | 60,312 | 64,497 |
Interest payable to Managing Owner | 5,738 | 6,898 |
Trading fees payable to Managing Owner | 50,813 | 55,912 |
Service fees payable to Managing Owner | 15,452 | 17,260 |
Other liabilities | 0 | 0 |
Total Liabilities | 174,952 | 868,666 |
Total Capital | 22,697,869 | 25,707,854 |
Total Liabilities and Capital | 22,872,821 | 26,576,520 |
Total Owners' Capital | $ 22,697,869 | $ 25,707,854 |
Equinox Frontier Masters Fund [Member] | Total Owner Class 1 [Member] | ||
Units Outstanding | 82,514 | 101,632 |
Net Asset Value per Unit | $ 110.01 | $ 116.61 |
ASSETS | ||
Prepaid service fees | $ 5,889 | $ 6,003 |
Equinox Frontier Masters Fund [Member] | Total Owner Class 2 [Member] | ||
Units Outstanding | 65,443 | 69,003 |
Net Asset Value per Unit | $ 122.32 | $ 128.53 |
Equinox Frontier Masters Fund [Member] | Total Owner Class 3 [Member] | ||
Units Outstanding | 49,497 | 41,897 |
Net Asset Value per Unit | $ 113.45 | $ 119.06 |
Equinox Frontier Masters Fund [Member] | Managing Owner [Member] | Class 2 [Member] | ||
Units Outstanding | 5,627 | 5,627 |
LIABILITIES | ||
Managing Owner Units | $ 688,269 | $ 723,207 |
Total Capital | $ 688,269 | $ 723,207 |
Equinox Frontier Masters Fund [Member] | Managing Owner [Member] | Class 3 [Member] | ||
Units Outstanding | 275 | 275 |
LIABILITIES | ||
Managing Owner Units | $ 31,198 | $ 32,741 |
Total Capital | $ 31,198 | $ 32,741 |
Equinox Frontier Masters Fund [Member] | Limited Owners [Member] | Class 1 [Member] | ||
Units Outstanding | 82,514 | 101,632 |
LIABILITIES | ||
Limited Owner Units | $ 9,077,720 | $ 11,850,911 |
Total Capital | $ 9,077,720 | $ 11,850,911 |
Equinox Frontier Masters Fund [Member] | Limited Owners [Member] | Class 2 [Member] | ||
Units Outstanding | 59,816 | 63,376 |
LIABILITIES | ||
Limited Owner Units | $ 7,316,511 | $ 8,145,536 |
Total Capital | $ 7,316,511 | $ 8,145,536 |
Equinox Frontier Masters Fund [Member] | Limited Owners [Member] | Class 3 [Member] | ||
Units Outstanding | 49,222 | 41,622 |
LIABILITIES | ||
Limited Owner Units | $ 5,584,171 | $ 4,955,459 |
Total Capital | 5,584,171 | 4,955,459 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 1,119,846 | 1,110,779 |
U.S. Treasury securities, at fair value | 6,743,330 | 8,191,519 |
Swap contracts, at fair value | 4,304,209 | 3,633,060 |
Investments in unconsolidated trading companies, at fair value | 3,896,994 | 3,814,854 |
Interest receivable | 115,577 | 125,900 |
Receivable from related parties | 2,082 | 2,612 |
Total Assets | 16,182,448 | 16,879,229 |
LIABILITIES | ||
Owner redemptions payable | 796 | 19,578 |
Incentive fees payable to Managing Owner | 40,149 | 158,660 |
Management fees payable to Managing Owner | 45,710 | 45,361 |
Interest payable to Managing Owner | 3,616 | 3,713 |
Trading fees payable to Managing Owner | 21,626 | 24,436 |
Service fees payable to Managing Owner | 9,149 | 10,562 |
Other liabilities | 0 | 0 |
Total Liabilities | 121,046 | 262,310 |
Total Capital | 16,061,402 | 16,616,919 |
Total Liabilities and Capital | 16,182,448 | 16,879,229 |
Total Owners' Capital | 16,061,402 | 16,616,919 |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 1 [Member] | ||
ASSETS | ||
Prepaid service fees | $ 410 | $ 505 |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 1a [Member] | ||
Units Outstanding | 49,518 | 57,130 |
Net Asset Value per Unit | $ 107.17 | $ 101.12 |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 2 [Member] | ||
Units Outstanding | 7,843 | 9,013 |
Net Asset Value per Unit | $ 148.16 | $ 138.30 |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 2a [Member] | ||
Units Outstanding | 13,013 | 15,291 |
Net Asset Value per Unit | $ 119.03 | $ 111.35 |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 3 [Member] | ||
Units Outstanding | 49,320 | 52,285 |
Net Asset Value per Unit | $ 148.20 | $ 138.34 |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 3a [Member] | ||
Units Outstanding | 6,139 | 5,886 |
Net Asset Value per Unit | $ 119.64 | $ 111.77 |
Equinox Frontier Long/Short Commodity Fund [Member] | Managing Owner [Member] | Class 2 [Member] | ||
Units Outstanding | 3,083 | 3,083 |
LIABILITIES | ||
Managing Owner Units | $ 456,774 | $ 426,377 |
Total Capital | $ 456,774 | $ 426,377 |
Equinox Frontier Long/Short Commodity Fund [Member] | Managing Owner [Member] | Class 2a [Member] | ||
Units Outstanding | 2,222 | 2,222 |
LIABILITIES | ||
Managing Owner Units | $ 264,519 | $ 247,434 |
Total Capital | $ 264,519 | $ 247,434 |
Equinox Frontier Long/Short Commodity Fund [Member] | Managing Owner [Member] | Class 3a [Member] | ||
Units Outstanding | 109 | 109 |
LIABILITIES | ||
Managing Owner Units | $ 13,088 | $ 12,228 |
Total Capital | $ 13,088 | $ 12,228 |
Equinox Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | Class 2 [Member] | ||
Units Outstanding | 4,760 | 5,930 |
LIABILITIES | ||
Limited Owner Units | $ 705,224 | $ 820,104 |
Total Capital | $ 705,224 | $ 820,104 |
Equinox Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | Class 2a [Member] | ||
Units Outstanding | 10,791 | 13,069 |
LIABILITIES | ||
Limited Owner Units | $ 1,284,389 | $ 1,455,117 |
Total Capital | $ 1,284,389 | $ 1,455,117 |
Equinox Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | Class 3 [Member] | ||
Units Outstanding | 49,320 | 52,285 |
LIABILITIES | ||
Limited Owner Units | $ 7,309,331 | $ 7,233,099 |
Total Capital | $ 7,309,331 | $ 7,233,099 |
Equinox Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | Class 3a [Member] | ||
Units Outstanding | 6,030 | 5,777 |
LIABILITIES | ||
Limited Owner Units | $ 721,363 | $ 645,654 |
Total Capital | $ 721,363 | $ 645,654 |
Equinox Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | Class 1a [Member] | ||
Units Outstanding | 49,518 | 57,130 |
LIABILITIES | ||
Limited Owner Units | $ 5,306,714 | $ 5,776,906 |
Total Capital | 5,306,714 | 5,776,906 |
Equinox Frontier Balanced Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 7,863,320 | 5,644,510 |
U.S. Treasury securities, at fair value | 47,350,232 | 41,625,860 |
Receivable from futures commission merchants | 9,422,019 | 22,689,948 |
Open trade equity, at fair value | 3,297,549 | |
Swap contracts, at fair value | 18,491,634 | 18,246,954 |
Investments in unconsolidated trading companies, at fair value | 14,333,796 | 18,343,927 |
Interest receivable | 811,568 | 639,769 |
Other assets | 10 | 250,013 |
Total Assets | 98,272,579 | 110,738,530 |
LIABILITIES | ||
Open trade deficit, at fair value | 778,963 | |
Pending owner additions | 17,442 | 18,002 |
Owner redemptions payable | 9,088 | 22,793 |
Incentive fees payable to Managing Owner | 9,517 | 1,793,318 |
Management fees payable to Managing Owner | 91,646 | 101,208 |
Interest payable to Managing Owner | 101,040 | 84,976 |
Trading fees payable to Managing Owner | 65,193 | 66,037 |
Service fees payable to Managing Owner | 156,201 | 167,151 |
Payables to related parties | 19,434 | 14,934 |
Other liabilities | 0 | 0 |
Total Liabilities | 1,248,524 | 2,268,419 |
Total Capital | 97,024,055 | 108,470,111 |
Total Liabilities and Capital | 98,272,579 | 110,738,530 |
Total Owners' Capital | 95,849,780 | 99,525,837 |
Non-Controlling Interests | $ 1,174,275 | $ 8,944,274 |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 1 [Member] | ||
Units Outstanding | 520,129 | 548,117 |
Net Asset Value per Unit | $ 131.82 | $ 131.54 |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 2 [Member] | ||
Units Outstanding | 128,815 | 131,447 |
Net Asset Value per Unit | $ 182.24 | $ 179.16 |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 2a [Member] | ||
Units Outstanding | 3,539 | 3,923 |
Net Asset Value per Unit | $ 156.36 | $ 153.02 |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 3a [Member] | ||
Units Outstanding | 16,261 | 16,577 |
Net Asset Value per Unit | $ 155.85 | $ 152.52 |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 1AP [Member] | ||
Units Outstanding | 5,351 | 5,618 |
Net Asset Value per Unit | $ 135.49 | $ 133.20 |
Equinox Frontier Balanced Fund [Member] | Managing Owner [Member] | Class 2 [Member] | ||
Units Outstanding | 7,956 | 7,956 |
LIABILITIES | ||
Managing Owner Units | $ 1,449,802 | $ 1,425,355 |
Total Capital | $ 1,449,802 | $ 1,425,355 |
Equinox Frontier Balanced Fund [Member] | Managing Owner [Member] | Class 2a [Member] | ||
Units Outstanding | 1,237 | 1,237 |
LIABILITIES | ||
Managing Owner Units | $ 193,476 | $ 189,344 |
Total Capital | $ 193,476 | $ 189,344 |
Equinox Frontier Balanced Fund [Member] | Limited Owners [Member] | Class 1 [Member] | ||
Units Outstanding | 520,129 | 548,117 |
LIABILITIES | ||
Limited Owner Units | $ 68,562,471 | $ 72,098,275 |
Total Capital | $ 68,562,471 | $ 72,098,275 |
Equinox Frontier Balanced Fund [Member] | Limited Owners [Member] | Class 2 [Member] | ||
Units Outstanding | 120,859 | 123,491 |
LIABILITIES | ||
Limited Owner Units | $ 22,025,164 | $ 22,125,342 |
Total Capital | $ 22,025,164 | $ 22,125,342 |
Equinox Frontier Balanced Fund [Member] | Limited Owners [Member] | Class 2a [Member] | ||
Units Outstanding | 2,302 | 2,686 |
LIABILITIES | ||
Limited Owner Units | $ 359,830 | $ 410,943 |
Total Capital | $ 359,830 | $ 410,943 |
Equinox Frontier Balanced Fund [Member] | Limited Owners [Member] | Class 3a [Member] | ||
Units Outstanding | 16,261 | 16,577 |
LIABILITIES | ||
Limited Owner Units | $ 2,534,161 | $ 2,528,303 |
Total Capital | $ 2,534,161 | $ 2,528,303 |
Equinox Frontier Balanced Fund [Member] | Limited Owners [Member] | Class 1AP [Member] | ||
Units Outstanding | 5,351 | 5,618 |
LIABILITIES | ||
Limited Owner Units | $ 724,876 | $ 748,275 |
Total Capital | 724,876 | 748,275 |
Equinox Frontier Select Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 401,143 | 878,280 |
U.S. Treasury securities, at fair value | 2,415,549 | 6,476,939 |
Receivable from futures commission merchants | 12,410,448 | |
Open trade equity, at fair value | 55,956 | |
Investments in unconsolidated trading companies, at fair value | 4,013,269 | 8,102,141 |
Interest receivable | 41,402 | 99,547 |
Total Assets | 19,337,767 | 15,556,907 |
LIABILITIES | ||
Pending owner additions | 1,411 | 1,485 |
Owner redemptions payable | 15,432 | |
Incentive fees payable to Managing Owner | 185,791 | |
Management fees payable to Managing Owner | 26,065 | 27,835 |
Interest payable to Managing Owner | 6,451 | 13,263 |
Trading fees payable to Managing Owner | 9,285 | 10,119 |
Service fees payable to Managing Owner | 29,617 | 32,520 |
Payables to related parties | 1,195 | 984 |
Other liabilities | 0 | 0 |
Total Liabilities | 74,024 | 287,429 |
Total Capital | 19,263,743 | 15,269,478 |
Total Liabilities and Capital | 19,337,767 | 15,556,907 |
Total Owners' Capital | 13,352,357 | $ 15,269,478 |
Non-Controlling Interests | $ 5,911,386 | |
Equinox Frontier Select Fund [Member] | Total Owner Class 1 [Member] | ||
Units Outstanding | 137,450 | 142,913 |
Net Asset Value per Unit | $ 87.31 | $ 95.61 |
Equinox Frontier Select Fund [Member] | Total Owner Class 2 [Member] | ||
Units Outstanding | 10,973 | 12,128 |
Net Asset Value per Unit | $ 119.09 | $ 128.48 |
Equinox Frontier Select Fund [Member] | Total Owner Class 1AP [Member] | ||
Units Outstanding | 503 | 494 |
Net Asset Value per Unit | $ 89.74 | $ 96.82 |
Equinox Frontier Select Fund [Member] | Managing Owner [Member] | Class 2 [Member] | ||
Units Outstanding | 70 | 70 |
LIABILITIES | ||
Managing Owner Units | $ 8,389 | $ 9,052 |
Total Capital | $ 8,389 | $ 9,052 |
Equinox Frontier Select Fund [Member] | Limited Owners [Member] | Class 1 [Member] | ||
Units Outstanding | 137,450 | 142,913 |
LIABILITIES | ||
Limited Owner Units | $ 12,000,655 | $ 13,663,563 |
Total Capital | $ 12,000,655 | $ 13,663,563 |
Equinox Frontier Select Fund [Member] | Limited Owners [Member] | Class 2 [Member] | ||
Units Outstanding | 10,903 | 12,058 |
LIABILITIES | ||
Limited Owner Units | $ 1,298,229 | $ 1,549,078 |
Total Capital | $ 1,298,229 | $ 1,549,078 |
Equinox Frontier Select Fund [Member] | Limited Owners [Member] | Class 1AP [Member] | ||
Units Outstanding | 503 | 494 |
LIABILITIES | ||
Limited Owner Units | $ 45,084 | $ 47,785 |
Total Capital | 45,084 | 47,785 |
Equinox Frontier Winton Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 4,254,223 | 4,012,974 |
U.S. Treasury securities, at fair value | 25,617,478 | 29,593,974 |
Investments in unconsolidated trading companies, at fair value | 6,749,039 | 7,479,658 |
Interest receivable | 439,076 | 454,845 |
Total Assets | 37,059,816 | 41,541,451 |
LIABILITIES | ||
Pending owner additions | 14,095 | 15,503 |
Owner redemptions payable | 21,902 | |
Incentive fees payable to Managing Owner | 1,178,364 | |
Management fees payable to Managing Owner | 102,252 | 114,823 |
Interest payable to Managing Owner | 61,319 | 63,722 |
Trading fees payable to Managing Owner | 24,963 | 26,690 |
Service fees payable to Managing Owner | 46,288 | 52,753 |
Payables to related parties | 24,445 | 16,461 |
Other liabilities | 0 | 0 |
Total Liabilities | 273,362 | 1,490,218 |
Total Capital | 36,786,454 | 40,051,233 |
Total Liabilities and Capital | 37,059,816 | 41,541,451 |
Total Owners' Capital | $ 36,786,454 | $ 40,051,233 |
Equinox Frontier Winton Fund [Member] | Total Owner Class 1 [Member] | ||
Units Outstanding | 146,641 | 152,717 |
Net Asset Value per Unit | $ 165.85 | $ 175.95 |
Equinox Frontier Winton Fund [Member] | Total Owner Class 2 [Member] | ||
Units Outstanding | 57,432 | 58,093 |
Net Asset Value per Unit | $ 216.43 | $ 226.23 |
Equinox Frontier Winton Fund [Member] | Total Owner Class 1AP [Member] | ||
Units Outstanding | 214 | 214 |
Net Asset Value per Unit | $ 170.46 | $ 178.18 |
Equinox Frontier Winton Fund [Member] | Managing Owner [Member] | Class 2 [Member] | ||
Units Outstanding | 207 | 207 |
LIABILITIES | ||
Managing Owner Units | $ 44,739 | $ 46,764 |
Total Capital | $ 44,739 | $ 46,764 |
Equinox Frontier Winton Fund [Member] | Limited Owners [Member] | Class 1 [Member] | ||
Units Outstanding | 146,641 | 152,717 |
LIABILITIES | ||
Limited Owner Units | $ 24,319,904 | $ 26,870,878 |
Total Capital | $ 24,319,904 | $ 26,870,878 |
Equinox Frontier Winton Fund [Member] | Limited Owners [Member] | Class 2 [Member] | ||
Units Outstanding | 57,225 | 57,886 |
LIABILITIES | ||
Limited Owner Units | $ 12,385,416 | $ 13,095,549 |
Total Capital | $ 12,385,416 | $ 13,095,549 |
Equinox Frontier Winton Fund [Member] | Limited Owners [Member] | Class 1AP [Member] | ||
Units Outstanding | 214 | 214 |
LIABILITIES | ||
Limited Owner Units | $ 36,395 | $ 38,042 |
Total Capital | 36,395 | 38,042 |
Equinox Frontier Heritage Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 947,643 | 921,598 |
U.S. Treasury securities, at fair value | 5,706,384 | 6,796,392 |
Swap contracts, at fair value | 7,809,251 | 7,540,465 |
Investments in unconsolidated trading companies, at fair value | 1,398,043 | 1,543,386 |
Interest receivable | 97,804 | 104,457 |
Total Assets | 15,959,125 | 16,906,298 |
LIABILITIES | ||
Pending owner additions | 3,334 | 3,381 |
Owner redemptions payable | 21,408 | |
Incentive fees payable to Managing Owner | 239,327 | |
Management fees payable to Managing Owner | 23,699 | 27,944 |
Interest payable to Managing Owner | 13,738 | 14,543 |
Trading fees payable to Managing Owner | 8,305 | 8,676 |
Service fees payable to Managing Owner | 19,744 | 20,964 |
Payables to related parties | 3,773 | 3,178 |
Other liabilities | 0 | 0 |
Total Liabilities | 72,593 | 339,421 |
Total Capital | 15,886,532 | 16,566,877 |
Total Liabilities and Capital | 15,959,125 | 16,906,298 |
Total Owners' Capital | 12,246,881 | 13,027,379 |
Non-Controlling Interests | $ 3,639,651 | $ 3,539,498 |
Equinox Frontier Heritage Fund [Member] | Total Owner Class 1 [Member] | ||
Units Outstanding | 72,489 | 74,927 |
Net Asset Value per Unit | $ 126.10 | $ 130.28 |
Equinox Frontier Heritage Fund [Member] | Total Owner Class 2 [Member] | ||
Units Outstanding | 17,568 | 18,164 |
Net Asset Value per Unit | $ 173.45 | $ 176.56 |
Equinox Frontier Heritage Fund [Member] | Total Owner Class 1AP [Member] | ||
Units Outstanding | 452 | 443 |
Net Asset Value per Unit | $ 129.61 | $ 131.93 |
Equinox Frontier Heritage Fund [Member] | Managing Owner [Member] | Class 2 [Member] | ||
Units Outstanding | 428 | 428 |
LIABILITIES | ||
Managing Owner Units | $ 74,291 | $ 75,621 |
Total Capital | $ 74,291 | $ 75,621 |
Equinox Frontier Heritage Fund [Member] | Limited Owners [Member] | Class 1 [Member] | ||
Units Outstanding | 72,489 | 74,927 |
LIABILITIES | ||
Limited Owner Units | $ 9,141,028 | $ 9,761,819 |
Total Capital | $ 9,141,028 | $ 9,761,819 |
Equinox Frontier Heritage Fund [Member] | Limited Owners [Member] | Class 2 [Member] | ||
Units Outstanding | 17,140 | 17,736 |
LIABILITIES | ||
Limited Owner Units | $ 2,973,068 | $ 3,131,561 |
Total Capital | $ 2,973,068 | $ 3,131,561 |
Equinox Frontier Heritage Fund [Member] | Limited Owners [Member] | Class 1AP [Member] | ||
Units Outstanding | 452 | 443 |
LIABILITIES | ||
Limited Owner Units | $ 58,494 | $ 58,378 |
Total Capital | $ 58,494 | $ 58,378 |
Consolidated Schedules of Inves
Consolidated Schedules of Investments - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | ||
Total Open Trade Equity (Deficit) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (17,281) | $ 14,824,422 | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | 5.49% | [1] | |
U.S. TREASURY SECURITIES [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 128,817,968 | $ 139,953,516 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 51.09% | 51.79% | ||
U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 15,101,953 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 5.59% | |||
Investment Owned, Underlying Face Amount, at Market Value | $ 15,000,000 | |||
Investment Owned, at Cost | 14,966,695 | |||
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 100,558,593 | $ 95,954,688 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 39.88% | 35.51% | ||
Investment Owned, Underlying Face Amount, at Market Value | $ 75,000,000 | $ 75,000,000 | ||
Investment Owned, at Cost | 99,934,764 | 99,579,227 | ||
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 28,259,375 | $ 28,896,875 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 11.21% | 10.69% | ||
Investment Owned, Underlying Face Amount, at Market Value | $ 20,000,000 | $ 20,000,000 | ||
Investment Owned, at Cost | 28,012,500 | 28,322,622 | ||
LONG FUTURES CONTRACTS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (687,214) | $ (23,469,714) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.27%) | (8.68%) | |
LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (2,164,139) | $ (4,211,885) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.86%) | (1.56%) | |
LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 84,814 | $ (61,850) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.03% | (0.02%) | |
LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (106,166) | $ 300,870 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.04%) | 0.11% | |
LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 7,576 | $ (12,920) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.00% | |
LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (2,367) | $ (2,738) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.00% | |
LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 2,559,970 | $ (24,310,145) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.02% | (9.00%) | |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 114,607 | $ 184,352 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.05% | 0.07% | |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (74,443) | $ 3,676,039 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.03%) | 1.36% | |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 42,359 | $ 585,956 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.02% | 0.22% | |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 10,587 | $ 558,353 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.21% | |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 437,966 | $ 278,768 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.17% | 0.10% | |
LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 22,981 | $ (1,360) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.01% | 0.00% | |
LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 168,826 | $ 33,841 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.07% | 0.01% | |
LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (37,878) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.02%) | ||
LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 2,046,472 | $ (2,494,615) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.81%) | (0.92%) | |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Africa) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (1,893) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (9,345) | $ 44,530 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.02% | |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (20,034) | $ 63,167 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.01%) | 0.02% | |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (583,815) | $ 569,188 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.23%) | 0.21% | |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (707,053) | $ 26,010 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.28%) | 0.01% | |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Mexico) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 302 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (1,400,916) | $ 1,412,847 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.56%) | 0.52% | |
LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (1,069,275) | $ (113,453) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.42%) | (0.04%) | |
LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (4,131) | $ 6,195 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.00% | |
LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contracts Africa [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (454) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contracts Oceanic [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (431) | $ (864) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.00% | |
LONG FUTURES CONTRACTS [Member] | Various Currency Futures Contracts Singapore [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (364) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contract (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (970) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
SHORT FUTURES CONTRACTS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 757,698 | $ 39,226,510 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.31% | 14.52% | |
SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 2,047,404 | $ 3,745,111 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.81% | 1.39% | |
SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (55,018) | $ 101,600 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.02%) | 0.04% | |
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 291,247 | $ 2,737,797 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.12% | 1.01% | |
SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (149) | $ 49,517 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.02% | |
SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 2,424 | $ 5,389 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.00% | |
SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (1,618,118) | $ 12,381,217 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.64%) | 4.58% | |
SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (28,296) | $ 6,583 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.01%) | 0.00% | |
SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (462,927) | $ (351,916) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.18%) | (0.13%) | |
SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (67,118) | $ (28,461) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.03%) | (0.01%) | |
SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (33,365) | $ (6,445) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.01%) | 0.00% | |
SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (34,253) | $ (602,696) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.01%) | (0.22%) | |
SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (194) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (78,844) | $ 117,563 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.03%) | 0.04% | |
SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 2,939 | $ (4,709) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.00% | |
SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (1,332,886) | $ 2,823,283 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.53%) | 1.04% | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Africa) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 294 | $ (8,891) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.00% | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 42,871 | $ (9,866) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.02% | 0.00% | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 5,287 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 39,728 | $ (37,839) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.02% | (0.01%) | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (66,787) | $ 6,134 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.03%) | 0.00% | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Mexico) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (4,380) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 312,496 | $ (138,941) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.12% | (0.05%) | |
SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 1,786,770 | $ 275,350 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.71% | 0.10% | |
SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 4,829 | $ (1,052) | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.00% | |
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (3,383) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
SHORT FUTURES CONTRACTS [Member] | Brent Crude Oil Last Day Settling 2/12/2015 (Number of Contracts: 229) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 2,871,660 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.06% | ||
SHORT FUTURES CONTRACTS [Member] | Crude Oil Settling 12/1/2015 (Number of Contracts: 718) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 11,036,122 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 4.08% | ||
SHORT FUTURES CONTRACTS [Member] | NYH RBOB Unleaded Gas Settling 12/30/2015 (Number of Contracts: 388) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 4,267,957 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.58% | ||
SHORT FUTURES CONTRACTS [Member] | Various Soft Futures Contract (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (830) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
CURRENCY FORWARDS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (87,765) | $ (932,374) | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.03%) | (0.35%) | [1] | |
CURRENCY FORWARDS [Member] | Various Currency Forward Contracts (NA) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (87,765) | $ (932,374) | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.03%) | (0.35%) | [1] | |
Options Purchased [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 3,819,429 | $ 9,075,883 | |
Investment Owned, % of Total Capital (Net Asset Value) | 1.51% | 3.36% | [1] | |
Options Purchased [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 3,436,940 | $ 8,407,670 | |
Investment Owned, % of Total Capital (Net Asset Value) | 1.36% | 3.11% | [1] | |
Options Purchased [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 8,020 | $ 379,800 | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.14% | [1] | |
Options Purchased [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 374,469 | $ 288,413 | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.15% | 0.11% | [1] | |
Options Written [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (2,581,870) | $ (8,963,838) | |
Investment Owned, % of Total Capital (Net Asset Value) | (1.02%) | (3.32%) | [1] | |
Options Written [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (2,300,699) | $ (8,234,010) | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.91%) | (3.05%) | [1] | |
Options Written [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (61,510) | $ (476,810) | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.02%) | (0.18%) | [1] | |
Options Written [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (219,661) | $ (253,018) | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.09%) | (0.09%) | [1] | |
Swap [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [2] | $ 38,220,263 | $ 35,990,887 | |
Investment Owned, % of Total Capital (Net Asset Value) | 15.16% | 13.31% | [2] | |
Swap [Member] | Frontier XXXV Diversified select swap (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [2] | $ 7,615,169 | $ 6,570,409 | |
Investment Owned, % of Total Capital (Net Asset Value) | (3.02%) | 2.43% | [2] | |
Swap [Member] | Frontier XXXVII L/S select swap (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [2] | $ 4,304,209 | $ 3,633,060 | |
Investment Owned, % of Total Capital (Net Asset Value) | 1.71% | 1.34% | [2] | |
Swap [Member] | Frontier Brevan Howard swap (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [2] | $ 7,809,251 | $ 18,246,952 | |
Investment Owned, % of Total Capital (Net Asset Value) | (3.10%) | 6.75% | [2] | |
Swap [Member] | Frontier XXXIV Balanced select swap (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [2] | $ 18,491,634 | $ 7,540,466 | |
Investment Owned, % of Total Capital (Net Asset Value) | 7.33% | 2.79% | [2] | |
Equinox Frontier Diversified Fund [Member] | Total Open Trade Equity (Deficit) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (571,551) | $ 3,215,206 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.90%) | 4.50% | [1] | |
Equinox Frontier Diversified Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 29,071,240 | $ 31,051,659 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 46.72% | 42.88% | |
Equinox Frontier Diversified Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 21,289,585 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 29.40% | ||
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 15,000,000 | ||
Equinox Frontier Diversified Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 22,693,752 | $ 6,411,385 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 36.47% | 8.85% | |
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 75,000,000 | $ 75,000,000 | |
Equinox Frontier Diversified Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 6,377,488 | $ 3,350,689 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 10.25% | 4.63% | |
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 20,000,000 | $ 20,000,000 | |
Equinox Frontier Diversified Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 21,439,307 | 24,405,836 | |
Investment Owned, at Cost | [3] | 31,855,441 | 31,698,420 | |
Equinox Frontier Diversified Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 16,640,343 | ||
Investment Owned, at Cost | [3] | 22,093,766 | ||
Equinox Frontier Diversified Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 16,925,769 | 4,437,425 | |
Investment Owned, at Cost | [3] | 25,533,667 | 6,283,975 | |
Equinox Frontier Diversified Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 4,513,538 | 3,328,068 | |
Investment Owned, at Cost | [3] | 6,321,774 | 3,320,679 | |
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (593,238) | $ 2,026,528 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.95%) | 2.85% | [1] | |
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (291,308) | $ (312,320) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.47%) | (0.43%) | [1] | |
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (48,075) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.07%) | ||
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (50,148) | $ 560,666 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.08%) | 0.77% | [1] | |
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 15,485 | $ 10,206 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.02% | 0.01% | [1] | |
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 64,131 | $ 79,701 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.10% | 0.11% | [1] | |
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 4,429 | $ 676,493 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | 0.93% | [1] | |
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 2,824 | $ 208,691 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.29% | [1] | |
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 4,440 | $ 299,804 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | 0.41% | [1] | |
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (37,598) | $ 289,361 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.06%) | 0.40% | [1] | |
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 69,416 | $ 2,809 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.11% | 0.00% | [1] | |
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (37,878) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.06%) | |||
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 171,928 | $ (89,038) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.28% | (0.12%) | [1] | |
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 35,072 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.08% | ||
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 33,439 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.08% | ||
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (96,010) | $ (44,720) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.15%) | (0.06%) | [1] | |
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (43,706) | $ 14,786 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.07%) | 0.02% | [1] | |
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (369,243) | $ 370,308 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.59%) | 0.51% | [1] | |
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (60,655) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.08%) | ||
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contracts Oceanic [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 124,509 | $ 1,145,440 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.22% | 1.59% | [1] | |
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 210,919 | $ 251,789 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.34% | 0.35% | [1] | |
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (1,607) | $ 50,963 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.07% | [1] | |
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 49,895 | $ 360,124 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.08% | 0.50% | [1] | |
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (52,105) | $ 356,351 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.08%) | 0.49% | [1] | |
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (440) | $ 12,112 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.02% | [1] | |
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (72,587) | $ (14,958) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.12%) | (0.02%) | [1] | |
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 38 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (19,502) | $ (128) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.03%) | 0.00% | [1] | |
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (37,500) | $ 92,535 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.06%) | 0.13% | [1] | |
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (307,586) | $ 78,930 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.49%) | 0.11% | [1] | |
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Africa) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 38,769 | $ (24,501) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.06% | (0.03%) | [1] | |
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (64,926) | $ (28,299) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.10%) | (0.04%) | [1] | |
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Mexico) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 233,381 | $ 2,837 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.38% | 0.00% | [1] | |
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 147,760 | $ 7,685 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.24% | 0.01% | [1] | |
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | CURRENCY FORWARDS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (102,822) | $ 43,238 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.17%) | 0.06% | [1] | |
Equinox Frontier Diversified Fund [Member] | CURRENCY FORWARDS [Member] | Various Currency Forward Contracts (NA) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (102,822) | $ 43,238 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.17%) | 0.06% | [1] | |
Equinox Frontier Diversified Fund [Member] | Options Purchased [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 374,470 | $ 288,413 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.60% | 0.40% | [1] | |
Equinox Frontier Diversified Fund [Member] | Options Purchased [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | Options Purchased [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | Options Purchased [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 374,470 | $ 288,413 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.60% | 0.40% | [1] | |
Equinox Frontier Diversified Fund [Member] | Options Written [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (219,660) | $ (253,018) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.35%) | (0.35%) | [1] | |
Equinox Frontier Diversified Fund [Member] | Options Written [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | Options Written [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | Options Written [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (219,660) | $ (253,018) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.35%) | (0.35%) | [1] | |
Equinox Frontier Diversified Fund [Member] | Swap [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [4] | $ 7,615,169 | $ 6,570,408 | |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 12.24% | 9.07% | |
Equinox Frontier Diversified Fund [Member] | Swap [Member] | Frontier XXXV Diversified select swap (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [4] | $ 7,615,169 | $ 6,570,408 | |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 12.24% | 9.07% | |
Equinox Frontier Diversified Fund [Member] | Swap [Member] | Frontier XXXVII L/S select swap (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0.00% | 0.00% | |
Equinox Frontier Masters Fund [Member] | Total Open Trade Equity (Deficit) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 11,913,754 | $ 16,217,173 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 52.48% | 63.08% | |
Equinox Frontier Masters Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 11,118,790 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 43.25% | ||
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 15,000,000 | ||
Equinox Frontier Masters Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 9,300,180 | $ 3,348,438 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 40.97% | 13.02% | |
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 75,000,000 | $ 75,000,000 | |
Equinox Frontier Masters Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 2,613,574 | $ 1,749,945 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 11.51% | 6.81% | |
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 20,000,000 | $ 20,000,000 | |
Equinox Frontier Masters Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 8,786,093 | 12,746,296 | |
Investment Owned, at Cost | [3] | 13,054,753 | 16,554,953 | |
Equinox Frontier Masters Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 8,690,657 | ||
Investment Owned, at Cost | [3] | 11,538,785 | ||
Equinox Frontier Masters Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 6,936,389 | 2,317,508 | |
Investment Owned, at Cost | [3] | 10,464,012 | 3,281,896 | |
Equinox Frontier Masters Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 1,849,704 | 1,738,131 | |
Investment Owned, at Cost | [3] | $ 2,590,741 | $ 1,734,272 | |
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contracts Oceanic [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Africa) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Mexico) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | CURRENCY FORWARDS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | CURRENCY FORWARDS [Member] | Various Currency Forward Contracts (NA) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | Options Purchased [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | Options Purchased [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | Options Purchased [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | Options Purchased [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | Options Written [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | Options Written [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | Options Written [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Masters Fund [Member] | Options Written [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Masters Fund [Member] | Swap [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0.00% | 0.00% | |
Equinox Frontier Masters Fund [Member] | Swap [Member] | Frontier XXXV Diversified select swap (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0.00% | 0.00% | |
Equinox Frontier Masters Fund [Member] | Swap [Member] | Frontier XXXVII L/S select swap (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0.00% | 0.00% | |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Open Trade Equity (Deficit) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 6,743,330 | $ 8,191,519 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 41.98% | 49.30% | |
Equinox Frontier Long/Short Commodity Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 5,616,255 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 33.80% | ||
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 15,000,000 | ||
Equinox Frontier Long/Short Commodity Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 5,264,015 | $ 1,691,342 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 32.77% | 10.18% | |
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 75,000,000 | $ 75,000,000 | |
Equinox Frontier Long/Short Commodity Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 1,479,315 | $ 883,922 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 9.21% | 5.32% | |
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 20,000,000 | $ 20,000,000 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 4,973,036 | 6,438,332 | |
Investment Owned, at Cost | [3] | 7,389,150 | 8,362,136 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 4,389,772 | ||
Investment Owned, at Cost | [3] | 5,828,400 | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 3,926,081 | 1,170,606 | |
Investment Owned, at Cost | [3] | 5,922,759 | 1,657,731 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 1,046,955 | 877,954 | |
Investment Owned, at Cost | [3] | $ 1,466,391 | $ 876,005 | |
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contracts Oceanic [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Africa) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Mexico) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | CURRENCY FORWARDS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | CURRENCY FORWARDS [Member] | Various Currency Forward Contracts (NA) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | Options Purchased [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | Options Purchased [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Options Purchased [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Options Purchased [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | Options Written [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | Options Written [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Options Written [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Options Written [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [4] | $ 4,304,209 | $ 3,633,060 | |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 26.80% | 21.86% | |
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | Frontier XXXV Diversified select swap (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0.00% | 0.00% | |
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | Frontier XXXVII L/S select swap (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [4] | $ 4,304,209 | $ 3,633,060 | |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 26.80% | 21.86% | |
Equinox Frontier Balanced Fund [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 18,246,954 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 16.82% | ||
Equinox Frontier Balanced Fund [Member] | Total Open Trade Equity (Deficit) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (778,963) | $ 3,297,549 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.82%) | 3.08% | [1] | |
Equinox Frontier Balanced Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 47,350,232 | $ 41,625,860 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 48.81% | 38.37% | |
Investment Owned, at Cost | [3] | $ 51,885,041 | ||
Equinox Frontier Balanced Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 28,539,451 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 26.31% | ||
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 15,000,000 | ||
Equinox Frontier Balanced Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 36,962,801 | $ 8,594,691 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 38.10% | 7.92% | |
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 75,000,000 | $ 75,000,000 | |
Investment Owned, at Cost | [3] | 41,588,353 | ||
Equinox Frontier Balanced Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 10,387,431 | $ 4,491,718 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 10.71% | 4.14% | |
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 20,000,000 | $ 20,000,000 | |
Investment Owned, at Cost | [3] | 10,296,688 | ||
Equinox Frontier Balanced Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 34,919,601 | 32,716,895 | |
Investment Owned, at Cost | [3] | 42,492,864 | ||
Equinox Frontier Balanced Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 22,306,974 | ||
Investment Owned, at Cost | [3] | 29,617,482 | ||
Equinox Frontier Balanced Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 27,568,106 | 5,948,526 | |
Investment Owned, at Cost | [3] | 8,423,893 | ||
Equinox Frontier Balanced Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 7,351,495 | 4,461,395 | |
Investment Owned, at Cost | [3] | 4,451,489 | ||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (818,617) | $ (2,781,855) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.86%) | (2.54%) | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (527,678) | $ (3,493,625) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.54%) | (3.22%) | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (13,775) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.01%) | ||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (46,926) | $ (254,409) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.05%) | (0.23%) | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (12,920) | ||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | (0.01%) | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (2,367) | $ (2,738) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (153,601) | $ (1,406,837) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.16%) | (1.30%) | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 44,461 | $ 84,291 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.05% | 0.08% | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 12,519 | $ 1,312,057 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | 1.21% | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 21,602 | $ 217,701 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.02% | 0.20% | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 636 | $ 164,422 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.15% | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 121,458 | $ 298,985 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.13% | 0.28% | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 12,047 | $ (1,360) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | 0.00% | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 28,604 | $ 8,013 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.03% | 0.01% | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 479,697 | $ (208,634) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.49% | (0.19%) | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Africa) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (6,474) | $ (1,389) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | 0.00% | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (16,733) | $ 17,918 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.02%) | 0.02% | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (169,832) | $ 231,293 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.18%) | 0.21% | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (162,496) | $ (6,494) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.17%) | (0.01%) | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Mexico) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 184 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (413,569) | $ 337,695 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.43%) | 0.31% | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (35,955) | $ (57,380) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.04%) | (0.05%) | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (3,224) | $ 6,195 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.01% | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contracts Africa [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contracts Oceanic [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (864) | ||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Currency Futures Contracts Singapore [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contract (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (970) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 267,257 | $ 6,499,146 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.27% | 6.01% | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 472,034 | $ 3,165,035 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.49% | 2.92% | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 7,838 | $ 19,963 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | 0.02% | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 97,275 | $ 462,616 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.10% | 0.43% | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 49,517 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.05% | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 4,164 | $ 5,389 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 38,884 | $ 2,602,685 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.04% | 2.40% | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (1,393) | $ 11 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 8,798 | $ (261,457) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | (0.24%) | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 214 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 13,172 | $ (1,673) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | 0.00% | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (44,189) | $ (20,699) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.05%) | (0.02%) | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (33,452) | $ 19,813 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.03%) | 0.02% | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 2,939 | $ (4,709) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (385,677) | $ 438,427 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.40%) | 0.40% | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Africa) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 389 | $ (4,181) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 26,744 | $ (9,866) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.03% | (0.01%) | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 5,688 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 871 | $ (13,338) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | (0.01%) | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 3,125 | $ 129 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Mexico) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (4,380) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 25,654 | $ (51,856) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.03% | (0.05%) | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 19,350 | $ 112,155 | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.02% | 0.10% | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 4,829 | $ (1,052) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ (3,383) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Soft Futures Contract (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | CURRENCY FORWARDS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (227,603) | $ (419,742) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.23%) | (0.39%) | [1] | |
Equinox Frontier Balanced Fund [Member] | CURRENCY FORWARDS [Member] | Various Currency Forward Contracts (NA) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (227,603) | $ (419,742) | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | (0.23%) | (0.39%) | [1] | |
Equinox Frontier Balanced Fund [Member] | Options Purchased [Member] | Frontier XXXIV Balanced select swap (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [1] | $ 18,246,954 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 16.82% | ||
Equinox Frontier Balanced Fund [Member] | Swap [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [4] | $ 18,491,634 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 19.06% | ||
Equinox Frontier Balanced Fund [Member] | Swap [Member] | Frontier XXXIV Balanced select swap (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [4] | $ 18,491,634 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 19.06% | ||
Equinox Frontier Select Fund [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Select Fund [Member] | Total Open Trade Equity (Deficit) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 55,956 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.28% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 2,415,549 | $ 6,476,939 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 12.54% | 42.42% | |
Investment Owned, at Cost | [3] | $ 2,646,891 | ||
Equinox Frontier Select Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 4,440,708 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 29.08% | ||
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 15,000,000 | ||
Equinox Frontier Select Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 1,885,640 | $ 1,337,325 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 9.79% | 8.76% | |
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 75,000,000 | $ 75,000,000 | |
Investment Owned, at Cost | [3] | 2,121,610 | ||
Equinox Frontier Select Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 529,909 | $ 698,906 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 2.75% | 4.58% | |
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 20,000,000 | $ 20,000,000 | |
Investment Owned, at Cost | [3] | 525,281 | ||
Equinox Frontier Select Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 1,781,407 | 5,090,714 | |
Investment Owned, at Cost | [3] | 6,611,844 | ||
Equinox Frontier Select Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 3,470,942 | ||
Investment Owned, at Cost | [3] | 4,608,448 | ||
Equinox Frontier Select Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 1,406,374 | 925,584 | |
Investment Owned, at Cost | [3] | 1,310,749 | ||
Equinox Frontier Select Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 375,033 | 694,188 | |
Investment Owned, at Cost | [3] | $ 692,647 | ||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (954,881) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (4.95%) | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (945,175) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (4.91%) | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (31,965) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.17%) | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 7,576 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.04% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 10,841 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.06% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 2,616 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 4,188 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.02% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (3,153) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.02%) | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 45,209 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.23% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 1,178 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 29,280 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.15% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 76,239 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.40% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Africa) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (1,893) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (8,607) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.04%) | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (25,716) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.13%) | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Mexico) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 118 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (113,462) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.59%) | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (906) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contracts Africa [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (454) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contracts Oceanic [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (431) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Currency Futures Contracts Singapore [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (364) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contract (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 985,304 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 5.10% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 1,098,409 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 5.70% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 20,730 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.11% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (92,798) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.48%) | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (149) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (1,740) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (43,047) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.22%) | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (5,002) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.03%) | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 11,917 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.06% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (1,504) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 54,062 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.28% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (5,913) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.03%) | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (275,325) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (1.43%) | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Africa) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 6,243 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.03% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 88 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 8,561 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.04% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Mexico) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 31,562 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.16% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 180,010 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.93% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Soft Futures Contract (Europe) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ (800) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | |||
Equinox Frontier Select Fund [Member] | CURRENCY FORWARDS [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 25,533 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.13% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | CURRENCY FORWARDS [Member] | Various Currency Forward Contracts (NA) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | $ 25,533 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.13% | 0.00% | [1] | |
Equinox Frontier Select Fund [Member] | Options Purchased [Member] | Frontier XXXIV Balanced select swap (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | ||
Equinox Frontier Select Fund [Member] | Swap [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0.00% | ||
Equinox Frontier Select Fund [Member] | Swap [Member] | Frontier XXXIV Balanced select swap (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0.00% | ||
Equinox Frontier Winton Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 25,617,478 | $ 29,593,974 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 69.64% | 73.89% | |
Equinox Frontier Winton Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 20,290,169 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 50.66% | ||
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 15,000,000 | ||
Equinox Frontier Winton Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 19,997,657 | $ 6,110,410 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 54.36% | 15.26% | |
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 75,000,000 | $ 75,000,000 | |
Equinox Frontier Winton Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 5,619,821 | $ 3,193,395 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 15.28% | 7.97% | |
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 20,000,000 | $ 20,000,000 | |
Equinox Frontier Winton Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 18,892,243 | 23,260,132 | |
Investment Owned, at Cost | [3] | 28,070,906 | 30,210,374 | |
Equinox Frontier Winton Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 15,859,181 | ||
Investment Owned, at Cost | [3] | 21,056,599 | ||
Equinox Frontier Winton Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 14,914,929 | 4,229,115 | |
Investment Owned, at Cost | [3] | 22,500,180 | 5,988,981 | |
Equinox Frontier Winton Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 3,977,314 | 3,171,836 | |
Investment Owned, at Cost | [3] | $ 5,570,726 | $ 3,164,794 | |
Equinox Frontier Winton Fund [Member] | Swap [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0.00% | 0.00% | |
Equinox Frontier Winton Fund [Member] | Swap [Member] | Frontier Brevan Howard swap (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0.00% | 0.00% | |
Equinox Frontier Heritage Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 5,706,384 | $ 6,796,392 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 35.92% | 41.03% | |
Equinox Frontier Heritage Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 4,659,730 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 28.13% | ||
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 15,000,000 | ||
Equinox Frontier Heritage Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 4,454,549 | $ 1,403,284 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 28.04% | 8.47% | |
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 75,000,000 | $ 75,000,000 | |
Equinox Frontier Heritage Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [3] | $ 1,251,835 | $ 733,378 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 7.88% | 4.43% | |
Investment Owned, Underlying Face Amount, at Market Value | [3] | $ 20,000,000 | $ 20,000,000 | |
Equinox Frontier Heritage Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 4,208,315 | 5,341,797 | |
Investment Owned, at Cost | [3] | 6,252,895 | 6,937,952 | |
Equinox Frontier Heritage Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 3,642,134 | ||
Investment Owned, at Cost | [3] | 4,835,746 | ||
Equinox Frontier Heritage Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 3,322,354 | 971,236 | |
Investment Owned, at Cost | [3] | 5,011,996 | 1,375,397 | |
Equinox Frontier Heritage Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Underlying Face Amount, at Market Value | [3] | 885,961 | 728,427 | |
Investment Owned, at Cost | [3] | 1,240,899 | 726,809 | |
Equinox Frontier Heritage Fund [Member] | Swap [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [4] | $ 7,809,251 | $ 7,540,465 | |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 49.16% | 45.52% | |
Equinox Frontier Heritage Fund [Member] | Swap [Member] | Frontier Brevan Howard swap (U.S.) [Member] | ||||
Schedule of Investments [Line Items] | ||||
Investment Owned, Fair Value | [4] | $ 7,809,251 | $ 7,540,465 | |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 49.16% | 45.52% | |
[1] | Except for those items disclosed, no individual futures, forwards and option on futures contract position constituted greater than 1 percent of Net Asset Value. Accordingly, the number of contracts and expiration dates are not presented. | |||
[2] | See Notes to Financial Statements, Note 4. | |||
[3] | Assets have been allocated to each Series based upon ownership in the cash management pool. See Note 2. | |||
[4] | See Note 4 to the Financial Statements. |
Consolidated Schedules of Inve4
Consolidated Schedules of Investments (Parenthetical) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2015USD ($) | Dec. 31, 2014USD ($)Contract | ||
U.S. TREASURY SECURITIES [Member] | Equinox Frontier Balanced Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Investment Owned, at Cost | [1] | $ 51,885,041 | |
U.S. TREASURY SECURITIES [Member] | Equinox Frontier Select Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Investment Owned, at Cost | [1] | $ 2,646,891 | |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | 2.25% | ||
Debt Instrument, Maturity Date | Nov. 15, 2024 | ||
Investment Owned, Underlying Face Amount, at Market Value | $ 15,000,000 | ||
Investment Owned, at Cost | $ 14,966,695 | ||
U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | Equinox Frontier Diversified Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 2.25% | |
Debt Instrument, Maturity Date | [1] | Nov. 15, 2024 | |
Cost | [1] | $ 14,966,695 | |
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 15,000,000 | |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | Equinox Frontier Masters Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 2.25% | |
Debt Instrument, Maturity Date | [1] | Nov. 15, 2024 | |
Cost | [1] | $ 14,966,695 | |
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 15,000,000 | |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 2.25% | |
Debt Instrument, Maturity Date | [1] | Nov. 15, 2024 | |
Cost | [1] | $ 14,966,695 | |
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 15,000,000 | |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | Equinox Frontier Balanced Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 2.25% | |
Debt Instrument, Maturity Date | [1] | Nov. 15, 2024 | |
Cost | [1] | $ 14,966,695 | |
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 15,000,000 | |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | Equinox Frontier Select Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 2.25% | |
Debt Instrument, Maturity Date | [1] | Nov. 15, 2024 | |
Cost | [1] | $ 14,966,695 | |
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 15,000,000 | |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | Equinox Frontier Winton Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 2.25% | |
Debt Instrument, Maturity Date | [1] | Nov. 15, 2024 | |
Cost | [1] | $ 14,966,695 | |
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 15,000,000 | |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.250% due 11/15/2024 [Member] | Equinox Frontier Heritage Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 2.25% | |
Debt Instrument, Maturity Date | [1] | Nov. 15, 2024 | |
Cost | [1] | $ 14,966,695 | |
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 15,000,000 | |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | 6.00% | 6.00% | |
Debt Instrument, Maturity Date | Feb. 15, 2026 | Feb. 15, 2026 | |
Investment Owned, Underlying Face Amount, at Market Value | $ 75,000,000 | $ 75,000,000 | |
Investment Owned, at Cost | $ 99,934,764 | $ 99,579,227 | |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | Equinox Frontier Diversified Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 6.00% | 6.00% |
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | Feb. 15, 2026 |
Cost | [1] | $ 99,934,764 | $ 99,579,227 |
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 75,000,000 | $ 75,000,000 |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | Equinox Frontier Masters Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 6.00% | 6.00% |
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | Feb. 15, 2026 |
Cost | [1] | $ 99,934,764 | $ 99,579,227 |
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 75,000,000 | $ 75,000,000 |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 6.00% | 6.00% |
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | Feb. 15, 2026 |
Cost | [1] | $ 99,934,764 | $ 99,579,227 |
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 75,000,000 | $ 75,000,000 |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | Equinox Frontier Balanced Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 6.00% | 6.00% |
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | Feb. 15, 2026 |
Cost | [1] | $ 99,934,764 | $ 99,579,227 |
Investment Owned, Underlying Face Amount, at Market Value | [1] | 75,000,000 | $ 75,000,000 |
Investment Owned, at Cost | [1] | $ 41,588,353 | |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | Equinox Frontier Select Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 6.00% | 6.00% |
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | Feb. 15, 2026 |
Cost | [1] | $ 99,934,764 | $ 99,579,227 |
Investment Owned, Underlying Face Amount, at Market Value | [1] | 75,000,000 | $ 75,000,000 |
Investment Owned, at Cost | [1] | $ 2,121,610 | |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | Equinox Frontier Winton Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 6.00% | 6.00% |
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | Feb. 15, 2026 |
Cost | [1] | $ 99,934,764 | $ 99,579,227 |
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 75,000,000 | $ 75,000,000 |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 [Member] | Equinox Frontier Heritage Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 6.00% | 6.00% |
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | Feb. 15, 2026 |
Cost | [1] | $ 99,934,764 | $ 99,579,227 |
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 75,000,000 | $ 75,000,000 |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | 6.875% | 6.875% | |
Debt Instrument, Maturity Date | Aug. 15, 2025 | Aug. 15, 2025 | |
Investment Owned, Underlying Face Amount, at Market Value | $ 20,000,000 | $ 20,000,000 | |
Investment Owned, at Cost | $ 28,012,500 | $ 28,322,622 | |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | Equinox Frontier Diversified Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 6.875% | 6.875% |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 |
Cost | [1] | $ 28,012,500 | $ 28,322,622 |
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 20,000,000 | $ 20,000,000 |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | Equinox Frontier Masters Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 6.875% | 6.875% |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 |
Cost | [1] | $ 28,012,500 | $ 28,322,622 |
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 20,000,000 | $ 20,000,000 |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 6.875% | 6.875% |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 |
Cost | [1] | $ 28,012,500 | $ 28,322,622 |
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 20,000,000 | $ 20,000,000 |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | Equinox Frontier Balanced Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 6.875% | 6.875% |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 |
Cost | [1] | $ 28,012,500 | $ 28,322,622 |
Investment Owned, Underlying Face Amount, at Market Value | [1] | 20,000,000 | $ 20,000,000 |
Investment Owned, at Cost | [1] | $ 10,296,688 | |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | Equinox Frontier Select Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 6.875% | 6.875% |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 |
Cost | [1] | $ 28,012,500 | $ 28,322,622 |
Investment Owned, Underlying Face Amount, at Market Value | [1] | 20,000,000 | $ 20,000,000 |
Investment Owned, at Cost | [1] | $ 525,281 | |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | Equinox Frontier Winton Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 6.875% | 6.875% |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 |
Cost | [1] | $ 28,012,500 | $ 28,322,622 |
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 20,000,000 | $ 20,000,000 |
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 [Member] | Equinox Frontier Heritage Fund [Member] | |||
Schedule of Investments [Line Items] | |||
Rate | [1] | 6.875% | 6.875% |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 |
Cost | [1] | $ 28,012,500 | $ 28,322,622 |
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 20,000,000 | $ 20,000,000 |
SHORT FUTURES CONTRACTS [Member] | Brent Crude Oil Last Day Settling 2/12/2015 (Number of Contracts: 229) [Member] | |||
Schedule of Investments [Line Items] | |||
Number of contracts | Contract | [2] | 229 | |
Settling | [2] | Dec. 2, 2015 | |
SHORT FUTURES CONTRACTS [Member] | Crude Oil Settling 12/1/2015 (Number of Contracts: 718) [Member] | |||
Schedule of Investments [Line Items] | |||
Number of contracts | Contract | [2] | 718 | |
Settling | [2] | Dec. 1, 2015 | |
SHORT FUTURES CONTRACTS [Member] | NYH RBOB Unleaded Gas Settling 12/30/2015 (Number of Contracts: 388) [Member] | |||
Schedule of Investments [Line Items] | |||
Number of contracts | Contract | [2] | 388 | |
Settling | [2] | Dec. 30, 2015 | |
[1] | Assets have been allocated to each Series based upon ownership in the cash management pool. See Note 2. | ||
[2] | Except for those items disclosed, no individual futures, forwards and option on futures contract position constituted greater than 1 percent of Net Asset Value. Accordingly, the number of contracts and expiration dates are not presented. |
Statement of Operations
Statement of Operations - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||
Investment income/(loss): | |||||
Interest - net | $ 274,961 | $ 261,329 | $ 569,631 | $ 599,552 | |
Total Income | 274,961 | 261,329 | 569,631 | 599,552 | |
Expenses: | |||||
Incentive Fees | 94,738 | 2,554,722 | 4,997,512 | 3,552,049 | |
Management Fees | 1,280,518 | 1,498,648 | 2,569,188 | 3,128,333 | |
Trading Fees | 886,592 | 798,997 | 1,807,859 | 1,704,117 | |
Total Expenses | 3,391,687 | 5,918,249 | 11,675,450 | 10,652,538 | |
Investment (loss) - net | (3,116,726) | (5,656,920) | (11,105,819) | (10,052,986) | |
Realized and unrealized gain/(loss) on investments: | |||||
Net change in open trade equity/(deficit) | (3,193,895) | 5,985,923 | (13,495,336) | (5,042,030) | |
Trading commissions | (715,951) | (850,912) | (1,426,355) | (1,904,552) | |
Net gain/(loss) on investments | (33,090,981) | 15,085,976 | 9,564,072 | 5,687,360 | |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (36,207,707) | 9,429,056 | (1,541,747) | (4,365,626) | |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (1,541,747) | ||||
U.S. TREASURY SECURITIES [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net realized gain/(loss) on investments | 588,474 | (86,598) | 588,474 | (641,266) | |
Net unrealized gain/(loss) on investments | (5,876,125) | 2,699,089 | (3,141,062) | 9,484,294 | |
Futures, forwards and options [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net realized gain/(loss) on investments | (14,178,689) | 5,361,595 | 25,808,976 | 5,513,099 | |
Swap [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net unrealized gain/(loss) on investments | (9,714,795) | 1,976,879 | 1,229,375 | (1,722,185) | |
Class 1 [Member] | |||||
Expenses: | |||||
Service Fees | 1,129,839 | 1,065,882 | 2,300,891 | 2,268,039 | |
Equinox Frontier Diversified Fund [Member] | |||||
Investment income/(loss): | |||||
Interest - net | 155,143 | 135,499 | 324,401 | 300,377 | |
Total Income | 155,143 | 135,499 | 324,401 | 300,377 | |
Expenses: | |||||
Incentive Fees | 4,000 | 954,829 | 1,638,242 | 1,386,913 | |
Management Fees | 243,004 | 271,073 | 489,308 | 547,629 | |
Service Fees | 108,250 | 125,184 | 230,168 | 273,595 | |
Trading Fees | 351,096 | 307,242 | 721,898 | 649,807 | |
Total Expenses | 706,350 | 1,658,328 | 3,079,616 | 2,857,944 | |
Investment (loss) - net | (551,207) | (1,522,829) | (2,755,215) | (2,557,567) | |
Realized and unrealized gain/(loss) on investments: | |||||
Net change in open trade equity/(deficit) | (3,084,315) | (3,212,206) | (83,337) | ||
Trading commissions | (182,250) | (366,567) | (6,386) | ||
Change in fair value of investments in unconsolidated trading companies | (1,411,843) | 3,363,720 | 2,060,866 | 884,399 | |
Net gain/(loss) on investments | (7,276,498) | 4,070,105 | 7,957,973 | 2,485,576 | |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (7,827,705) | 2,547,276 | 5,202,758 | (71,992) | |
Less: Operations attributable to non-controlling interests | (322,342) | 2,991,055 | 325,371 | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (7,505,363) | 2,547,276 | 2,211,703 | (397,362) | |
Equinox Frontier Diversified Fund [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net realized gain/(loss) on investments | 133,349 | (17,129) | 133,349 | (127,713) | |
Net unrealized gain/(loss) on investments | (1,267,982) | 535,347 | (583,896) | 1,883,962 | |
Equinox Frontier Diversified Fund [Member] | Futures, forwards and options [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net realized gain/(loss) on investments | 480,498 | 8,881,667 | 325,885 | ||
Equinox Frontier Diversified Fund [Member] | Swap [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net unrealized gain/(loss) on investments | (1,943,955) | 188,167 | 1,044,760 | (391,235) | |
Equinox Frontier Diversified Fund [Member] | Class 1 [Member] | |||||
Expenses: | |||||
Service Fees | $ 108,250 | $ 125,184 | $ 230,168 | $ 273,595 | |
Equinox Frontier Diversified Fund [Member] | Total Owner Class 1 [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ (16.11) | $ 4 | $ 2.46 | $ (0.33) | |
Equinox Frontier Diversified Fund [Member] | Total Owner Class 2 [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | (17.27) | 4.76 | 3.82 | 0.46 | |
Equinox Frontier Diversified Fund [Member] | Total Owner Class 3 [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ (15.87) | $ 4.45 | $ 3.67 | $ 3.16 | |
Equinox Frontier Masters Fund [Member] | |||||
Investment income/(loss): | |||||
Interest - net | $ 68,655 | $ 71,429 | $ 139,819 | $ 166,701 | |
Total Income | 68,655 | 71,429 | 139,819 | 166,701 | |
Expenses: | |||||
Incentive Fees | 41,072 | 168,094 | 576,374 | 181,806 | |
Management Fees | 182,496 | 230,233 | 361,156 | 507,313 | |
Service Fees | 60,813 | 76,310 | 125,991 | 180,593 | |
Trading Fees | 147,701 | 147,195 | 301,334 | 323,110 | |
Total Expenses | 432,082 | 621,832 | 1,364,855 | 1,192,822 | |
Investment (loss) - net | (363,427) | (550,403) | (1,225,036) | (1,026,121) | |
Realized and unrealized gain/(loss) on investments: | |||||
Change in fair value of investments in unconsolidated trading companies | (2,913,886) | 1,844,351 | 181,873 | (9,085) | |
Net gain/(loss) on investments | (3,430,447) | 2,119,822 | 9,556 | 980,182 | |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (3,793,874) | 1,569,419 | (1,215,480) | (45,939) | |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (3,793,874) | 1,569,419 | (1,215,480) | (45,939) | |
Equinox Frontier Masters Fund [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net realized gain/(loss) on investments | 56,105 | (9,105) | 56,105 | (71,630) | |
Net unrealized gain/(loss) on investments | (572,666) | 284,576 | (228,422) | 1,060,897 | |
Equinox Frontier Masters Fund [Member] | Class 1 [Member] | |||||
Expenses: | |||||
Service Fees | $ 60,813 | $ 76,310 | $ 125,991 | $ 180,593 | |
Equinox Frontier Masters Fund [Member] | Total Owner Class 1 [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ (18.37) | $ 5.67 | $ (6.60) | $ 1.14 | |
Equinox Frontier Masters Fund [Member] | Total Owner Class 2 [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | (19.80) | 6.61 | (6.21) | 2.11 | |
Equinox Frontier Masters Fund [Member] | Total Owner Class 3 [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ (18.28) | $ 6.17 | $ (5.61) | [1] | $ 2.06 |
Equinox Frontier Long/Short Commodity Fund [Member] | |||||
Investment income/(loss): | |||||
Interest - net | $ 43,133 | $ 47,605 | $ 90,191 | $ 116,852 | |
Total Income | 43,133 | 47,605 | 90,191 | 116,852 | |
Expenses: | |||||
Incentive Fees | 40,149 | 279,366 | |||
Management Fees | 131,237 | 223,050 | 254,273 | 509,680 | |
Service Fees | 29,629 | 30,304 | 61,529 | 68,868 | |
Trading Fees | 65,150 | 64,027 | 134,078 | 146,001 | |
Total Expenses | 266,165 | 317,381 | 729,246 | 724,549 | |
Investment (loss) - net | (223,032) | (269,776) | (639,055) | (607,697) | |
Realized and unrealized gain/(loss) on investments: | |||||
Net change in open trade equity/(deficit) | 1,767,132 | 961,346 | |||
Trading commissions | (8,038) | (415,314) | |||
Change in fair value of investments in unconsolidated trading companies | (512,304) | (466,714) | 1,422,221 | (1,012,360) | |
Net gain/(loss) on investments | (1,822,067) | 1,521,079 | 910,138 | (2,565,800) | |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (2,045,099) | 1,251,303 | 271,083 | (3,173,497) | |
Less: Operations attributable to non-controlling interests | 1,139,624 | (766,822) | |||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (2,045,099) | 111,679 | 271,083 | (2,406,675) | |
Equinox Frontier Long/Short Commodity Fund [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net realized gain/(loss) on investments | 33,884 | (6,059) | 33,884 | (54,879) | |
Net unrealized gain/(loss) on investments | (345,884) | 192,801 | (217,116) | 774,729 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Futures, forwards and options [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net realized gain/(loss) on investments | (144,365) | (2,580,860) | |||
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net unrealized gain/(loss) on investments | (997,763) | 186,322 | (328,851) | (238,462) | |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1 [Member] | |||||
Expenses: | |||||
Service Fees | $ 29,629 | $ 30,304 | $ 61,529 | $ 68,868 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 2 [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ (18.04) | $ 0.69 | $ 9.86 | $ (13.09) | |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 1a [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | (13.53) | 0.34 | 6.05 | (9.97) | |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 2a [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | (14.46) | 0.76 | 7.68 | (10.02) | |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 3 [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | (17.86) | 0.69 | 9.86 | (13.10) | |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 3a [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ (14.45) | $ 0.82 | $ 7.87 | $ (9.91) | |
Equinox Frontier Balanced Fund [Member] | |||||
Investment income/(loss): | |||||
Interest - net | $ 8,003 | $ 6,543 | $ 15,193 | $ 15,073 | |
Total Income | 8,003 | 6,543 | 15,193 | 15,073 | |
Expenses: | |||||
Incentive Fees | 9,517 | 902,054 | 1,496,474 | 1,453,340 | |
Management Fees | 267,377 | 264,152 | 526,972 | 554,537 | |
Service Fees | 556,081 | 492,255 | 1,118,882 | 1,041,703 | |
Trading Fees | 194,144 | 167,758 | 389,488 | 355,157 | |
Total Expenses | 1,027,119 | 1,826,219 | 3,531,816 | 3,404,737 | |
Investment (loss) - net | (1,019,116) | (1,819,676) | (3,516,623) | (3,389,664) | |
Realized and unrealized gain/(loss) on investments: | |||||
Net change in open trade equity/(deficit) | (1,047,941) | 623,763 | (2,413,756) | (1,535,401) | |
Trading commissions | (124,528) | (345,203) | (266,438) | (631,520) | |
Change in fair value of investments in unconsolidated trading companies | (854,236) | 197,789 | 4,668,213 | (3,884,435) | |
Net gain/(loss) on investments | (11,603,137) | 6,379,507 | 4,651,795 | 4,237,671 | |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (12,622,253) | 4,559,831 | 1,135,172 | 848,007 | |
Less: Operations attributable to non-controlling interests | (473,996) | 2,854,321 | 356,146 | 3,307,859 | |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (12,148,257) | 1,705,510 | 779,026 | (2,459,852) | |
Equinox Frontier Balanced Fund [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net realized gain/(loss) on investments | 215,325 | (31,461) | 215,325 | (225,870) | |
Net unrealized gain/(loss) on investments | (2,126,900) | 967,127 | (1,389,049) | 3,414,775 | |
Equinox Frontier Balanced Fund [Member] | Futures, forwards and options [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net realized gain/(loss) on investments | (2,682,859) | 4,111,434 | 3,592,820 | 7,730,596 | |
Equinox Frontier Balanced Fund [Member] | Swap [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net realized gain/(loss) on investments | (630,474) | ||||
Net unrealized gain/(loss) on investments | (4,981,998) | 856,058 | 244,680 | (630,474) | |
Equinox Frontier Balanced Fund [Member] | Class 1 [Member] | |||||
Expenses: | |||||
Service Fees | $ 556,081 | $ 492,255 | $ 1,118,882 | $ 1,041,703 | |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 1 [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ (16.98) | $ 1.87 | $ 0.28 | $ (2.43) | |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 1AP [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | (16.31) | 2.29 | [2] | ||
Equinox Frontier Balanced Fund [Member] | Total Owner Class 2 [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | (21.93) | 3.54 | 3.08 | (1.14) | |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 2a [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | (18.40) | 3.30 | 3.34 | (0.32) | |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 3a [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ (18.34) | $ 3.29 | $ 3.33 | $ (0.32) | |
Equinox Frontier Select Fund [Member] | |||||
Expenses: | |||||
Incentive Fees | $ 26,677 | $ 158,971 | $ 26,677 | ||
Management Fees | $ 78,206 | 140,286 | 158,278 | 278,724 | |
Service Fees | 101,967 | 97,799 | 208,868 | 203,387 | |
Trading Fees | 28,454 | 27,150 | 58,347 | 56,552 | |
Total Expenses | 208,627 | 291,912 | 584,464 | 565,340 | |
Investment (loss) - net | (208,627) | (291,912) | (584,464) | (565,340) | |
Realized and unrealized gain/(loss) on investments: | |||||
Net change in open trade equity/(deficit) | (902,659) | (1,606,742) | |||
Trading commissions | (33,722) | (65,896) | |||
Change in fair value of investments in unconsolidated trading companies | (856,713) | 768,926 | 175,736 | (328,501) | |
Net gain/(loss) on investments | (4,071,120) | 902,903 | (1,329,889) | 132,564 | |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (4,279,747) | 610,991 | (1,914,353) | (432,776) | |
Less: Operations attributable to non-controlling interests | (1,366,570) | (684,237) | |||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (2,913,177) | 610,991 | (1,230,116) | (432,776) | |
Equinox Frontier Select Fund [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net realized gain/(loss) on investments | 12,618 | (4,607) | 12,618 | (34,988) | |
Net unrealized gain/(loss) on investments | (126,672) | 138,584 | 32,740 | 496,053 | |
Equinox Frontier Select Fund [Member] | Futures, forwards and options [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net realized gain/(loss) on investments | (2,163,972) | 121,655 | |||
Equinox Frontier Select Fund [Member] | Class 1 [Member] | |||||
Expenses: | |||||
Service Fees | $ 101,967 | $ 97,799 | $ 208,868 | $ 203,387 | |
Equinox Frontier Select Fund [Member] | Total Owner Class 1 [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ (18.85) | $ 3.22 | $ (8.30) | $ (1.63) | |
Equinox Frontier Select Fund [Member] | Total Owner Class 1AP [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | (18.57) | (7.08) | [2] | ||
Equinox Frontier Select Fund [Member] | Total Owner Class 2 [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ (24.64) | $ 5.01 | $ (9.39) | $ (0.58) | |
Equinox Frontier Winton Fund [Member] | |||||
Investment income/(loss): | |||||
Interest - net | $ 27 | $ 27 | $ 41 | ||
Total Income | 27 | 27 | 41 | ||
Expenses: | |||||
Incentive Fees | $ 415,629 | 715,409 | 415,629 | ||
Management Fees | 307,212 | 287,648 | 630,317 | 568,021 | |
Service Fees | 198,125 | 177,981 | 403,462 | 360,945 | |
Trading Fees | 74,984 | 64,049 | 151,960 | 128,644 | |
Total Expenses | 580,321 | 945,307 | 1,901,148 | 1,473,239 | |
Investment (loss) - net | (580,294) | (945,307) | (1,901,121) | (1,473,198) | |
Realized and unrealized gain/(loss) on investments: | |||||
Change in fair value of investments in unconsolidated trading companies | (4,061,244) | 2,553,073 | 381,989 | 1,560,816 | |
Net gain/(loss) on investments | (5,119,775) | 2,996,455 | (122,657) | 2,893,259 | |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (5,700,069) | 2,051,148 | (2,023,778) | 1,420,061 | |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (5,700,069) | 2,051,148 | (2,023,778) | 1,420,061 | |
Equinox Frontier Winton Fund [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net realized gain/(loss) on investments | 111,546 | (14,220) | 111,546 | (97,349) | |
Net unrealized gain/(loss) on investments | (1,170,077) | 457,602 | (616,192) | 1,429,792 | |
Equinox Frontier Winton Fund [Member] | Class 1 [Member] | |||||
Expenses: | |||||
Service Fees | $ 198,125 | $ 177,981 | $ 403,462 | $ 360,945 | |
Equinox Frontier Winton Fund [Member] | Total Owner Class 1 [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ (26.05) | $ 8.14 | $ (10.10) | $ 5.48 | |
Equinox Frontier Winton Fund [Member] | Total Owner Class 1AP [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | (25.31) | (7.72) | [2] | ||
Equinox Frontier Winton Fund [Member] | Total Owner Class 2 [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ (32.13) | $ 11.59 | $ (9.80) | $ 9.55 | |
Equinox Frontier Heritage Fund [Member] | |||||
Expenses: | |||||
Incentive Fees | $ 86,999 | $ 132,676 | $ 86,999 | ||
Management Fees | $ 70,986 | 81,966 | 148,884 | 161,975 | |
Service Fees | 74,974 | 65,875 | 151,991 | 138,600 | |
Trading Fees | 25,063 | 21,279 | 50,754 | 44,378 | |
Total Expenses | 171,023 | 256,119 | 484,305 | 431,952 | |
Investment (loss) - net | (171,023) | (256,119) | (484,305) | (431,952) | |
Realized and unrealized gain/(loss) on investments: | |||||
Trading commissions | (3,500) | (3,500) | |||
Change in fair value of investments in unconsolidated trading companies | (739,054) | 557,360 | 122,347 | 254,158 | |
Net gain/(loss) on investments | (2,770,445) | 1,418,344 | 277,640 | 181,764 | |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (2,941,468) | 1,162,225 | (206,665) | (250,188) | |
Less: Operations attributable to non-controlling interests | (839,599) | 329,960 | 127,516 | (208,034) | |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (2,101,869) | 832,265 | (334,181) | (42,154) | |
Equinox Frontier Heritage Fund [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net realized gain/(loss) on investments | 25,632 | (4,016) | 25,632 | (28,835) | |
Net unrealized gain/(loss) on investments | (265,944) | 122,590 | (139,125) | 422,594 | |
Equinox Frontier Heritage Fund [Member] | Swap [Member] | |||||
Realized and unrealized gain/(loss) on investments: | |||||
Net unrealized gain/(loss) on investments | (1,791,079) | 745,910 | 268,786 | (462,653) | |
Equinox Frontier Heritage Fund [Member] | Class 1 [Member] | |||||
Expenses: | |||||
Service Fees | $ 74,974 | $ 65,875 | $ 151,991 | $ 138,600 | |
Equinox Frontier Heritage Fund [Member] | Total Owner Class 1 [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ (21.77) | $ 7.02 | $ (4.18) | $ 0.53 | |
Equinox Frontier Heritage Fund [Member] | Total Owner Class 1AP [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | (21.25) | (2.32) | [2] | ||
Equinox Frontier Heritage Fund [Member] | Total Owner Class 2 [Member] | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ (28.44) | $ 10.31 | $ (3.11) | $ 2.72 | |
[1] | Class 3 operations began February 25, 2014. | ||||
[2] | Class 1AP began trading July 31, 2014 |
Statements of Changes in Owners
Statements of Changes in Owners' Capital - USD ($) | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2015 | ||
Owners' Capital, Beginning balance | $ 270,206,309 | ||
Sale of Units | 9,776,731 | ||
Redemption of Units | (27,531,104) | ||
Payment made by the Managing Owner | 1,211,610 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (1,541,747) | ||
Owners' Capital, Ending balance | $ 252,121,799 | 252,121,799 | |
Managing Owner [Member] | |||
Owners' Capital, Beginning balance | 5,736,634 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 114,581 | ||
Owners' Capital, Ending balance | 5,851,215 | 5,851,215 | |
Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 264,469,675 | ||
Sale of Units | 9,776,731 | ||
Redemption of Units | (27,531,104) | ||
Payment made by the Managing Owner | 1,211,610 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (1,656,328) | ||
Owners' Capital, Ending balance | 246,270,584 | 246,270,584 | |
Equinox Frontier Diversified Fund [Member] | |||
Owners' Capital, Beginning balance | 72,425,376 | ||
Sale of Units | 5,874,232 | ||
Redemption of Units | (13,110,837) | ||
Change in control of ownership - Trading Companies | (8,316,485) | ||
Payment made by the Managing Owner | 144,349 | ||
Operations attributable to non-controlling interests | (322,342) | 2,991,055 | |
Net increase/(decrease) in Owners' Capital resulting from operations | (7,505,363) | 2,211,703 | |
Owners' Capital, Ending balance | 62,219,393 | 62,219,393 | |
Equinox Frontier Diversified Fund [Member] | Non-Controlling Interests [Member] | |||
Owners' Capital, Beginning balance | 12,417,767 | ||
Change in control of ownership - Trading Companies | (8,316,485) | ||
Operations attributable to non-controlling interests | 2,991,055 | ||
Owners' Capital, Ending balance | $ 7,092,337 | $ 7,092,337 | |
Equinox Frontier Diversified Fund [Member] | Class 1 [Member] | |||
Net asset value per unit, Beginning balance | [1] | $ 131.66 | $ 113.09 |
Net asset value per unit, Ending balance | [1] | $ 115.55 | $ 115.55 |
Equinox Frontier Diversified Fund [Member] | Class 1 [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 19,195,036 | ||
Sale of Units | 1,270,579 | ||
Redemption of Units | (5,313,927) | ||
Payment made by the Managing Owner | 47,134 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 741,938 | ||
Owners' Capital, Ending balance | $ 15,940,760 | $ 15,940,760 | |
Owners' Capital - Units, Beginning balance | 169,725 | ||
Owners' Capital - Units, Sale of Units | 10,551 | ||
Owners' Capital - Units, Redemption of Units | (42,325) | ||
Owners' Capital - Units, Ending balance | 137,951 | 137,951 | |
Net asset value per unit, Beginning balance | $ 113.09 | ||
Change in net asset value per unit for the period | 2.46 | ||
Net asset value per unit, Ending balance | $ 115.55 | 115.55 | |
Equinox Frontier Diversified Fund [Member] | Class 2 [Member] | |||
Net asset value per unit, Beginning balance | [1] | 145.76 | 124.67 |
Net asset value per unit, Ending balance | [1] | $ 128.49 | $ 128.49 |
Equinox Frontier Diversified Fund [Member] | Class 2 [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 2,516,879 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 77,149 | ||
Owners' Capital, Ending balance | $ 2,594,028 | $ 2,594,028 | |
Owners' Capital - Units, Beginning balance | 14,576 | ||
Owners' Capital - Units, Ending balance | 14,576 | 14,576 | |
Net asset value per unit, Beginning balance | [2] | $ 124.67 | |
Change in net asset value per unit for the period | [2] | 3.82 | |
Net asset value per unit, Ending balance | [2] | $ 128.49 | $ 128.49 |
Equinox Frontier Diversified Fund [Member] | Class 2 [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 32,707,413 | ||
Sale of Units | 1,189,861 | ||
Redemption of Units | (6,218,435) | ||
Payment made by the Managing Owner | 82,416 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 1,363,404 | ||
Owners' Capital, Ending balance | $ 29,124,659 | $ 29,124,659 | |
Owners' Capital - Units, Beginning balance | 267,958 | ||
Owners' Capital - Units, Sale of Units | 8,618 | ||
Owners' Capital - Units, Redemption of Units | (44,302) | ||
Owners' Capital - Units, Ending balance | 232,274 | 232,274 | |
Net asset value per unit, Beginning balance | [2] | $ 124.67 | |
Change in net asset value per unit for the period | [2],[3] | 3.82 | |
Net asset value per unit, Ending balance | [2] | $ 128.49 | 128.49 |
Equinox Frontier Diversified Fund [Member] | Class 3 [Member] | |||
Net asset value per unit, Beginning balance | [1] | 134.57 | 115.03 |
Net asset value per unit, Ending balance | [1] | $ 118.70 | $ 118.70 |
Equinox Frontier Diversified Fund [Member] | Class 3 [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 31,632 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 1,010 | ||
Owners' Capital, Ending balance | $ 32,642 | $ 32,642 | |
Owners' Capital - Units, Beginning balance | 275 | ||
Owners' Capital - Units, Ending balance | 275 | 275 | |
Net asset value per unit, Beginning balance | [2] | $ 115.03 | |
Change in net asset value per unit for the period | [2] | 3.67 | |
Net asset value per unit, Ending balance | [2] | $ 118.70 | $ 118.70 |
Equinox Frontier Diversified Fund [Member] | Class 3 [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 5,556,649 | ||
Sale of Units | 3,413,792 | ||
Redemption of Units | (1,578,475) | ||
Payment made by the Managing Owner | 14,799 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 28,202 | ||
Owners' Capital, Ending balance | $ 7,434,967 | $ 7,434,967 | |
Owners' Capital - Units, Beginning balance | 48,308 | ||
Owners' Capital - Units, Sale of Units | 26,878 | ||
Owners' Capital - Units, Redemption of Units | (12,549) | ||
Owners' Capital - Units, Ending balance | 62,637 | 62,637 | |
Net asset value per unit, Beginning balance | [2] | $ 115.03 | |
Change in net asset value per unit for the period | [2] | 3.67 | |
Net asset value per unit, Ending balance | [2] | $ 118.70 | $ 118.70 |
Equinox Frontier Masters Fund [Member] | |||
Owners' Capital, Beginning balance | $ 25,707,854 | ||
Sale of Units | 3,497,943 | ||
Redemption of Units | (5,292,448) | ||
Net increase/(decrease) in Owners' Capital resulting from operations | $ (3,793,874) | (1,215,480) | |
Owners' Capital, Ending balance | $ 22,697,869 | $ 22,697,869 | |
Equinox Frontier Masters Fund [Member] | Class 1 [Member] | |||
Net asset value per unit, Beginning balance | [1] | $ 128.38 | $ 116.61 |
Net asset value per unit, Ending balance | [1] | $ 110.01 | $ 110.01 |
Equinox Frontier Masters Fund [Member] | Class 1 [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 11,850,911 | ||
Sale of Units | 989,895 | ||
Redemption of Units | (3,183,426) | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (579,660) | ||
Owners' Capital, Ending balance | $ 9,077,720 | $ 9,077,720 | |
Owners' Capital - Units, Beginning balance | 101,632 | ||
Owners' Capital - Units, Sale of Units | 7,886 | ||
Owners' Capital - Units, Redemption of Units | (27,004) | ||
Owners' Capital - Units, Ending balance | 82,514 | 82,514 | |
Net asset value per unit, Beginning balance | $ 116.61 | ||
Change in net asset value per unit for the period | (6.60) | ||
Net asset value per unit, Ending balance | $ 110.01 | 110.01 | |
Equinox Frontier Masters Fund [Member] | Class 2 [Member] | |||
Net asset value per unit, Beginning balance | [1] | 142.12 | 128.53 |
Net asset value per unit, Ending balance | [1] | $ 122.32 | $ 122.32 |
Equinox Frontier Masters Fund [Member] | Class 2 [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 723,207 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (34,938) | ||
Owners' Capital, Ending balance | $ 688,269 | $ 688,269 | |
Owners' Capital - Units, Beginning balance | 5,627 | ||
Owners' Capital - Units, Ending balance | 5,627 | 5,627 | |
Net asset value per unit, Beginning balance | [2] | $ 128.53 | |
Change in net asset value per unit for the period | [2] | (6.21) | |
Net asset value per unit, Ending balance | [2] | $ 122.32 | $ 122.32 |
Equinox Frontier Masters Fund [Member] | Class 2 [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 8,145,536 | ||
Sale of Units | 10,000 | ||
Redemption of Units | (483,171) | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (355,854) | ||
Owners' Capital, Ending balance | $ 7,316,511 | $ 7,316,511 | |
Owners' Capital - Units, Beginning balance | 63,376 | ||
Owners' Capital - Units, Sale of Units | 77 | ||
Owners' Capital - Units, Redemption of Units | (3,637) | ||
Owners' Capital - Units, Ending balance | 59,816 | 59,816 | |
Net asset value per unit, Beginning balance | [2] | $ 128.53 | |
Change in net asset value per unit for the period | [2] | (6.21) | |
Net asset value per unit, Ending balance | [2] | $ 122.32 | 122.32 |
Equinox Frontier Masters Fund [Member] | Class 3 [Member] | |||
Net asset value per unit, Beginning balance | [1] | 131.73 | 119.06 |
Net asset value per unit, Ending balance | [1] | $ 113.45 | $ 113.45 |
Equinox Frontier Masters Fund [Member] | Class 3 [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 32,741 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (1,543) | ||
Owners' Capital, Ending balance | $ 31,198 | $ 31,198 | |
Owners' Capital - Units, Beginning balance | 275 | ||
Owners' Capital - Units, Ending balance | 275 | 275 | |
Net asset value per unit, Beginning balance | $ 119.06 | ||
Change in net asset value per unit for the period | (5.61) | ||
Net asset value per unit, Ending balance | $ 113.45 | $ 113.45 | |
Equinox Frontier Masters Fund [Member] | Class 3 [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 4,955,459 | ||
Sale of Units | 2,498,048 | ||
Redemption of Units | (1,625,851) | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (243,485) | ||
Owners' Capital, Ending balance | $ 5,584,171 | $ 5,584,171 | |
Owners' Capital - Units, Beginning balance | 41,622 | ||
Owners' Capital - Units, Sale of Units | 20,733 | ||
Owners' Capital - Units, Redemption of Units | (13,133) | ||
Owners' Capital - Units, Ending balance | 49,222 | 49,222 | |
Net asset value per unit, Beginning balance | [2] | $ 119.06 | |
Change in net asset value per unit for the period | [2] | (5.61) | |
Net asset value per unit, Ending balance | [2] | $ 113.45 | $ 113.45 |
Equinox Frontier Select Fund [Member] | |||
Owners' Capital, Beginning balance | $ 15,269,478 | ||
Sale of Units | 10,998 | ||
Redemption of Units | (698,003) | ||
Change in control of ownership - Trading Companies | 6,595,623 | ||
Operations attributable to non-controlling interests | $ (1,366,570) | (684,237) | |
Net increase/(decrease) in Owners' Capital resulting from operations | (2,913,177) | (1,230,116) | |
Owners' Capital, Ending balance | 19,263,743 | 19,263,743 | |
Equinox Frontier Select Fund [Member] | Non-Controlling Interests [Member] | |||
Change in control of ownership - Trading Companies | 6,595,623 | ||
Operations attributable to non-controlling interests | (684,237) | ||
Owners' Capital, Ending balance | $ 5,911,386 | $ 5,911,386 | |
Equinox Frontier Select Fund [Member] | Class 1 [Member] | |||
Net asset value per unit, Beginning balance | [1] | $ 106.16 | $ 95.61 |
Net asset value per unit, Ending balance | [1] | $ 87.31 | $ 87.31 |
Equinox Frontier Select Fund [Member] | Class 1 [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 13,663,563 | ||
Sale of Units | 10,068 | ||
Redemption of Units | (545,555) | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (1,127,421) | ||
Owners' Capital, Ending balance | $ 12,000,655 | $ 12,000,655 | |
Owners' Capital - Units, Beginning balance | 142,913 | ||
Owners' Capital - Units, Sale of Units | 101 | ||
Owners' Capital - Units, Redemption of Units | (5,564) | ||
Owners' Capital - Units, Ending balance | 137,450 | 137,450 | |
Net asset value per unit, Beginning balance | $ 95.61 | ||
Change in net asset value per unit for the period | (8.30) | ||
Net asset value per unit, Ending balance | $ 87.31 | 87.31 | |
Equinox Frontier Select Fund [Member] | Class 2 [Member] | |||
Net asset value per unit, Beginning balance | [1] | 143.73 | 128.48 |
Net asset value per unit, Ending balance | [1] | $ 119.09 | $ 119.09 |
Equinox Frontier Select Fund [Member] | Class 2 [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 9,052 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (663) | ||
Owners' Capital, Ending balance | $ 8,389 | $ 8,389 | |
Owners' Capital - Units, Beginning balance | 70 | ||
Owners' Capital - Units, Ending balance | 70 | 70 | |
Net asset value per unit, Beginning balance | [2] | $ 128.48 | |
Change in net asset value per unit for the period | [2] | (9.39) | |
Net asset value per unit, Ending balance | [2] | $ 119.09 | $ 119.09 |
Equinox Frontier Select Fund [Member] | Class 2 [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 1,549,078 | ||
Redemption of Units | (152,448) | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (98,401) | ||
Owners' Capital, Ending balance | $ 1,298,229 | $ 1,298,229 | |
Owners' Capital - Units, Beginning balance | 12,058 | ||
Owners' Capital - Units, Redemption of Units | (1,155) | ||
Owners' Capital - Units, Ending balance | 10,903 | 10,903 | |
Net asset value per unit, Beginning balance | [2] | $ 128.48 | |
Change in net asset value per unit for the period | [2] | (9.39) | |
Net asset value per unit, Ending balance | [2] | $ 119.09 | 119.09 |
Equinox Frontier Select Fund [Member] | Class 1AP [Member] | |||
Net asset value per unit, Beginning balance | [1] | 108.31 | 96.82 |
Net asset value per unit, Ending balance | [1] | $ 89.74 | $ 89.74 |
Equinox Frontier Select Fund [Member] | Class 1AP [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 47,785 | ||
Sale of Units | 930 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (3,631) | ||
Owners' Capital, Ending balance | $ 45,084 | $ 45,084 | |
Owners' Capital - Units, Beginning balance | 494 | ||
Owners' Capital - Units, Sale of Units | 9 | ||
Owners' Capital - Units, Ending balance | 503 | 503 | |
Net asset value per unit, Beginning balance | $ 96.82 | ||
Change in net asset value per unit for the period | (7.08) | ||
Net asset value per unit, Ending balance | $ 89.74 | $ 89.74 | |
Equinox Frontier Winton Fund [Member] | |||
Owners' Capital, Beginning balance | $ 40,051,233 | ||
Sale of Units | 93,346 | ||
Redemption of Units | (1,334,347) | ||
Net increase/(decrease) in Owners' Capital resulting from operations | $ (5,700,069) | (2,023,778) | |
Owners' Capital, Ending balance | $ 36,786,454 | $ 36,786,454 | |
Equinox Frontier Winton Fund [Member] | Class 1 [Member] | |||
Net asset value per unit, Beginning balance | [1] | $ 191.90 | $ 175.95 |
Net asset value per unit, Ending balance | [1] | $ 165.85 | $ 165.85 |
Equinox Frontier Winton Fund [Member] | Class 1 [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 26,870,878 | ||
Sale of Units | 93,346 | ||
Redemption of Units | (1,185,987) | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (1,458,333) | ||
Owners' Capital, Ending balance | $ 24,319,904 | $ 24,319,904 | |
Owners' Capital - Units, Beginning balance | 152,717 | ||
Owners' Capital - Units, Sale of Units | 515 | ||
Owners' Capital - Units, Redemption of Units | (6,591) | ||
Owners' Capital - Units, Ending balance | 146,641 | 146,641 | |
Net asset value per unit, Beginning balance | $ 175.95 | ||
Change in net asset value per unit for the period | (10.10) | ||
Net asset value per unit, Ending balance | $ 165.85 | 165.85 | |
Equinox Frontier Winton Fund [Member] | Class 2 [Member] | |||
Net asset value per unit, Beginning balance | [1] | 248.56 | 226.23 |
Net asset value per unit, Ending balance | [1] | $ 216.43 | $ 216.43 |
Equinox Frontier Winton Fund [Member] | Class 2 [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 46,764 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (2,025) | ||
Owners' Capital, Ending balance | $ 44,739 | $ 44,739 | |
Owners' Capital - Units, Beginning balance | 207 | ||
Owners' Capital - Units, Ending balance | 207 | 207 | |
Net asset value per unit, Beginning balance | $ 226.23 | ||
Change in net asset value per unit for the period | (9.80) | ||
Net asset value per unit, Ending balance | $ 216.43 | $ 216.43 | |
Equinox Frontier Winton Fund [Member] | Class 2 [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 13,095,549 | ||
Redemption of Units | (148,360) | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (561,773) | ||
Owners' Capital, Ending balance | $ 12,385,416 | $ 12,385,416 | |
Owners' Capital - Units, Beginning balance | 57,886 | ||
Owners' Capital - Units, Redemption of Units | (661) | ||
Owners' Capital - Units, Ending balance | 57,225 | 57,225 | |
Net asset value per unit, Beginning balance | [2] | $ 226.23 | |
Change in net asset value per unit for the period | [2] | (9.80) | |
Net asset value per unit, Ending balance | [2] | $ 216.43 | 216.43 |
Equinox Frontier Winton Fund [Member] | Class 1AP [Member] | |||
Net asset value per unit, Beginning balance | [1] | 195.77 | 178.18 |
Net asset value per unit, Ending balance | [1] | $ 170.46 | $ 170.46 |
Equinox Frontier Winton Fund [Member] | Class 1AP [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 38,042 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (1,647) | ||
Owners' Capital, Ending balance | $ 36,395 | $ 36,395 | |
Owners' Capital - Units, Beginning balance | 214 | ||
Owners' Capital - Units, Ending balance | 214 | 214 | |
Net asset value per unit, Beginning balance | $ 178.18 | ||
Change in net asset value per unit for the period | (7.72) | ||
Net asset value per unit, Ending balance | $ 170.46 | $ 170.46 | |
Equinox Frontier Heritage Fund [Member] | |||
Owners' Capital, Beginning balance | $ 16,566,877 | ||
Sale of Units | 23,193 | ||
Redemption of Units | (469,510) | ||
Change in control of ownership - Trading Companies | (27,363) | ||
Operations attributable to non-controlling interests | $ (839,599) | 127,516 | |
Net increase/(decrease) in Owners' Capital resulting from operations | (2,101,869) | (334,181) | |
Owners' Capital, Ending balance | 15,886,532 | 15,886,532 | |
Equinox Frontier Heritage Fund [Member] | Non-Controlling Interests [Member] | |||
Owners' Capital, Beginning balance | 3,539,498 | ||
Change in control of ownership - Trading Companies | (27,363) | ||
Operations attributable to non-controlling interests | 127,516 | ||
Owners' Capital, Ending balance | $ 3,639,651 | $ 3,639,651 | |
Equinox Frontier Heritage Fund [Member] | Class 1 [Member] | |||
Net asset value per unit, Beginning balance | [1] | $ 147.87 | $ 130.28 |
Net asset value per unit, Ending balance | [1] | $ 126.10 | $ 126.10 |
Equinox Frontier Heritage Fund [Member] | Class 1 [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 9,761,819 | ||
Sale of Units | 21,905 | ||
Redemption of Units | (356,862) | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (285,834) | ||
Owners' Capital, Ending balance | $ 9,141,028 | $ 9,141,028 | |
Owners' Capital - Units, Beginning balance | 74,927 | ||
Owners' Capital - Units, Sale of Units | 158 | ||
Owners' Capital - Units, Redemption of Units | (2,596) | ||
Owners' Capital - Units, Ending balance | 72,489 | 72,489 | |
Net asset value per unit, Beginning balance | $ 130.28 | ||
Change in net asset value per unit for the period | (4.18) | ||
Net asset value per unit, Ending balance | $ 126.10 | 126.10 | |
Equinox Frontier Heritage Fund [Member] | Class 2 [Member] | |||
Net asset value per unit, Beginning balance | [1] | 201.89 | 176.56 |
Net asset value per unit, Ending balance | [1] | $ 173.45 | $ 173.45 |
Equinox Frontier Heritage Fund [Member] | Class 2 [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 75,621 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (1,330) | ||
Owners' Capital, Ending balance | $ 74,291 | $ 74,291 | |
Owners' Capital - Units, Beginning balance | 428 | ||
Owners' Capital - Units, Ending balance | 428 | 428 | |
Net asset value per unit, Beginning balance | $ 176.56 | ||
Change in net asset value per unit for the period | (3.11) | ||
Net asset value per unit, Ending balance | $ 173.45 | $ 173.45 | |
Equinox Frontier Heritage Fund [Member] | Class 2 [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 3,131,561 | ||
Redemption of Units | (112,648) | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (45,845) | ||
Owners' Capital, Ending balance | $ 2,973,068 | $ 2,973,068 | |
Owners' Capital - Units, Beginning balance | 17,736 | ||
Owners' Capital - Units, Redemption of Units | (596) | ||
Owners' Capital - Units, Ending balance | 17,140 | 17,140 | |
Net asset value per unit, Beginning balance | [2] | $ 176.56 | |
Change in net asset value per unit for the period | [2] | (3.11) | |
Net asset value per unit, Ending balance | [2] | $ 173.45 | 173.45 |
Equinox Frontier Heritage Fund [Member] | Class 1AP [Member] | |||
Net asset value per unit, Beginning balance | [1] | 150.86 | 131.93 |
Net asset value per unit, Ending balance | [1] | $ 129.61 | $ 129.61 |
Equinox Frontier Heritage Fund [Member] | Class 1AP [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 58,378 | ||
Sale of Units | 1,288 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (1,172) | ||
Owners' Capital, Ending balance | $ 58,494 | $ 58,494 | |
Owners' Capital - Units, Beginning balance | 443 | ||
Owners' Capital - Units, Sale of Units | 9 | ||
Owners' Capital - Units, Ending balance | 452 | 452 | |
Net asset value per unit, Beginning balance | $ 131.93 | ||
Change in net asset value per unit for the period | (2.32) | ||
Net asset value per unit, Ending balance | $ 129.61 | $ 129.61 | |
Equinox Frontier Long/Short Commodity Fund [Member] | |||
Owners' Capital, Beginning balance | $ 16,616,919 | ||
Sale of Units | 148,785 | ||
Redemption of Units | (1,882,547) | ||
Payment made by the Managing Owner | 907,162 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | $ (2,045,099) | 271,083 | |
Owners' Capital, Ending balance | $ 16,061,402 | $ 16,061,402 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2 [Member] | |||
Net asset value per unit, Beginning balance | [1] | $ 166.20 | $ 138.30 |
Net asset value per unit, Ending balance | [1] | $ 148.16 | $ 148.16 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2 [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 426,377 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 30,397 | ||
Owners' Capital, Ending balance | $ 456,774 | $ 456,774 | |
Owners' Capital - Units, Beginning balance | 3,083 | ||
Owners' Capital - Units, Ending balance | 3,083 | 3,083 | |
Net asset value per unit, Beginning balance | [2] | $ 138.30 | |
Change in net asset value per unit for the period | [2] | 9.86 | |
Net asset value per unit, Ending balance | [2] | $ 148.16 | $ 148.16 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2 [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 820,104 | ||
Redemption of Units | (181,144) | ||
Payment made by the Managing Owner | 69,364 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (3,100) | ||
Owners' Capital, Ending balance | $ 705,224 | $ 705,224 | |
Owners' Capital - Units, Beginning balance | 5,930 | ||
Owners' Capital - Units, Redemption of Units | (1,170) | ||
Owners' Capital - Units, Ending balance | 4,760 | 4,760 | |
Net asset value per unit, Beginning balance | [2] | $ 138.30 | |
Change in net asset value per unit for the period | [2] | 9.86 | |
Net asset value per unit, Ending balance | [2] | $ 148.16 | 148.16 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3 [Member] | |||
Net asset value per unit, Beginning balance | [1] | 166.06 | 138.34 |
Net asset value per unit, Ending balance | [1] | $ 148.20 | $ 148.20 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3 [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 7,233,099 | ||
Redemption of Units | (454,734) | ||
Payment made by the Managing Owner | 397,940 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 133,026 | ||
Owners' Capital, Ending balance | $ 7,309,331 | $ 7,309,331 | |
Owners' Capital - Units, Beginning balance | 52,285 | ||
Owners' Capital - Units, Redemption of Units | (2,965) | ||
Owners' Capital - Units, Ending balance | 49,320 | 49,320 | |
Net asset value per unit, Beginning balance | $ 138.34 | ||
Change in net asset value per unit for the period | 9.86 | ||
Net asset value per unit, Ending balance | $ 148.20 | 148.20 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1a [Member] | |||
Net asset value per unit, Beginning balance | [1] | 120.70 | 101.12 |
Net asset value per unit, Ending balance | [1] | $ 107.17 | $ 107.17 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1a [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 5,776,906 | ||
Sale of Units | 23,000 | ||
Redemption of Units | (874,536) | ||
Payment made by the Managing Owner | 312,393 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 68,951 | ||
Owners' Capital, Ending balance | $ 5,306,714 | $ 5,306,714 | |
Owners' Capital - Units, Beginning balance | 57,130 | ||
Owners' Capital - Units, Sale of Units | 211 | ||
Owners' Capital - Units, Redemption of Units | (7,823) | ||
Owners' Capital - Units, Ending balance | 49,518 | 49,518 | |
Net asset value per unit, Beginning balance | $ 101.12 | ||
Change in net asset value per unit for the period | 6.05 | ||
Net asset value per unit, Ending balance | $ 107.17 | 107.17 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2a [Member] | |||
Net asset value per unit, Beginning balance | [1] | 133.49 | 111.35 |
Net asset value per unit, Ending balance | [1] | $ 119.03 | $ 119.03 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2a [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 247,434 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 17,085 | ||
Owners' Capital, Ending balance | $ 264,519 | $ 264,519 | |
Owners' Capital - Units, Beginning balance | 2,222 | ||
Owners' Capital - Units, Ending balance | 2,222 | 2,222 | |
Net asset value per unit, Beginning balance | [2] | $ 111.35 | |
Change in net asset value per unit for the period | [2] | 7.68 | |
Net asset value per unit, Ending balance | [2] | $ 119.03 | $ 119.03 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2a [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 1,455,117 | ||
Sale of Units | 5,000 | ||
Redemption of Units | (281,680) | ||
Payment made by the Managing Owner | 90,860 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 15,092 | ||
Owners' Capital, Ending balance | $ 1,284,389 | $ 1,284,389 | |
Owners' Capital - Units, Beginning balance | 13,069 | ||
Owners' Capital - Units, Sale of Units | 40 | ||
Owners' Capital - Units, Redemption of Units | (2,318) | ||
Owners' Capital - Units, Ending balance | 10,791 | 10,791 | |
Net asset value per unit, Beginning balance | [2] | $ 111.35 | |
Change in net asset value per unit for the period | [2] | 7.68 | |
Net asset value per unit, Ending balance | [2] | $ 119.03 | 119.03 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3a [Member] | |||
Net asset value per unit, Beginning balance | [1] | 134.09 | 111.77 |
Net asset value per unit, Ending balance | [1] | $ 119.64 | $ 119.64 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3a [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 12,228 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 860 | ||
Owners' Capital, Ending balance | $ 13,088 | $ 13,088 | |
Owners' Capital - Units, Beginning balance | 109 | ||
Owners' Capital - Units, Ending balance | 109 | 109 | |
Net asset value per unit, Beginning balance | [2] | $ 111.77 | |
Change in net asset value per unit for the period | [2] | 7.87 | |
Net asset value per unit, Ending balance | [2] | $ 119.64 | $ 119.64 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3a [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 645,654 | ||
Sale of Units | 120,785 | ||
Redemption of Units | (90,453) | ||
Payment made by the Managing Owner | 36,605 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 8,772 | ||
Owners' Capital, Ending balance | $ 721,363 | $ 721,363 | |
Owners' Capital - Units, Beginning balance | 5,777 | ||
Owners' Capital - Units, Sale of Units | 969 | ||
Owners' Capital - Units, Redemption of Units | (716) | ||
Owners' Capital - Units, Ending balance | 6,030 | 6,030 | |
Net asset value per unit, Beginning balance | [2] | $ 111.77 | |
Change in net asset value per unit for the period | [2] | 7.87 | |
Net asset value per unit, Ending balance | [2] | $ 119.64 | $ 119.64 |
Equinox Frontier Balanced Fund [Member] | |||
Owners' Capital, Beginning balance | $ 108,470,111 | ||
Sale of Units | 128,231 | ||
Redemption of Units | (4,743,413) | ||
Change in control of ownership - Trading Companies | (8,126,145) | ||
Contributions | 0 | ||
Distributions | 0 | ||
Payment made by the Managing Owner | 160,099 | ||
Operations attributable to non-controlling interests | $ (473,996) | 356,146 | |
Net increase/(decrease) in Owners' Capital resulting from operations | (12,148,257) | 779,026 | |
Owners' Capital, Ending balance | 97,024,055 | 97,024,055 | |
Equinox Frontier Balanced Fund [Member] | Non-Controlling Interests [Member] | |||
Owners' Capital, Beginning balance | 8,944,274 | ||
Change in control of ownership - Trading Companies | (8,126,145) | ||
Contributions | 0 | ||
Distributions | 0 | ||
Operations attributable to non-controlling interests | 356,146 | ||
Owners' Capital, Ending balance | $ 1,174,275 | $ 1,174,275 | |
Equinox Frontier Balanced Fund [Member] | Class 1 [Member] | |||
Net asset value per unit, Beginning balance | [1] | $ 148.80 | $ 131.54 |
Net asset value per unit, Ending balance | [1] | $ 131.82 | $ 131.82 |
Equinox Frontier Balanced Fund [Member] | Class 1 [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 72,098,275 | ||
Sale of Units | 117,365 | ||
Redemption of Units | (4,065,683) | ||
Contributions | 0 | ||
Distributions | 0 | ||
Payment made by the Managing Owner | 115,486 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 297,028 | ||
Owners' Capital, Ending balance | $ 68,562,471 | $ 68,562,471 | |
Owners' Capital - Units, Beginning balance | 548,117 | ||
Owners' Capital - Units, Sale of Units | 830 | ||
Owners' Capital - Units, Redemption of Units | (28,818) | ||
Owners' Capital - Units, Ending balance | 520,129 | 520,129 | |
Net asset value per unit, Beginning balance | $ 131.54 | ||
Change in net asset value per unit for the period | 0.28 | ||
Net asset value per unit, Ending balance | $ 131.82 | 131.82 | |
Equinox Frontier Balanced Fund [Member] | Class 2 [Member] | |||
Net asset value per unit, Beginning balance | [1] | 204.17 | 179.16 |
Net asset value per unit, Ending balance | [1] | $ 182.24 | $ 182.24 |
Equinox Frontier Balanced Fund [Member] | Class 2 [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 1,425,355 | ||
Contributions | 0 | ||
Distributions | 0 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 24,447 | ||
Owners' Capital, Ending balance | $ 1,449,802 | $ 1,449,802 | |
Owners' Capital - Units, Beginning balance | 7,956 | ||
Owners' Capital - Units, Ending balance | 7,956 | 7,956 | |
Net asset value per unit, Beginning balance | [2] | $ 179.16 | |
Change in net asset value per unit for the period | [2] | 3.08 | |
Net asset value per unit, Ending balance | [2] | $ 182.24 | $ 182.24 |
Equinox Frontier Balanced Fund [Member] | Class 2 [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 22,125,342 | ||
Sale of Units | 9,409 | ||
Redemption of Units | (524,931) | ||
Contributions | 0 | ||
Distributions | 0 | ||
Payment made by the Managing Owner | 38,375 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 376,969 | ||
Owners' Capital, Ending balance | $ 22,025,164 | $ 22,025,164 | |
Owners' Capital - Units, Beginning balance | 123,491 | ||
Owners' Capital - Units, Sale of Units | 48 | ||
Owners' Capital - Units, Redemption of Units | (2,680) | ||
Owners' Capital - Units, Ending balance | 120,859 | 120,859 | |
Net asset value per unit, Beginning balance | [2] | $ 179.16 | |
Change in net asset value per unit for the period | [2] | 3.08 | |
Net asset value per unit, Ending balance | [2] | $ 182.24 | 182.24 |
Equinox Frontier Balanced Fund [Member] | Class 2a [Member] | |||
Net asset value per unit, Beginning balance | [1] | 174.76 | 153.02 |
Net asset value per unit, Ending balance | [1] | $ 156.36 | $ 156.36 |
Equinox Frontier Balanced Fund [Member] | Class 2a [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 189,344 | ||
Contributions | 0 | ||
Distributions | 0 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 4,132 | ||
Owners' Capital, Ending balance | $ 193,476 | $ 193,476 | |
Owners' Capital - Units, Beginning balance | 1,237 | ||
Owners' Capital - Units, Ending balance | 1,237 | 1,237 | |
Net asset value per unit, Beginning balance | [2] | $ 153.02 | |
Change in net asset value per unit for the period | [2] | 3.34 | |
Net asset value per unit, Ending balance | [2] | $ 156.36 | $ 156.36 |
Equinox Frontier Balanced Fund [Member] | Class 2a [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 410,943 | ||
Redemption of Units | (60,850) | ||
Contributions | 0 | ||
Distributions | 0 | ||
Payment made by the Managing Owner | 885 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 8,852 | ||
Owners' Capital, Ending balance | $ 359,830 | $ 359,830 | |
Owners' Capital - Units, Beginning balance | 2,686 | ||
Owners' Capital - Units, Redemption of Units | (384) | ||
Owners' Capital - Units, Ending balance | 2,302 | 2,302 | |
Net asset value per unit, Beginning balance | [2] | $ 153.02 | |
Change in net asset value per unit for the period | [2] | 3.34 | |
Net asset value per unit, Ending balance | [2] | $ 156.36 | 156.36 |
Equinox Frontier Balanced Fund [Member] | Class 3a [Member] | |||
Net asset value per unit, Beginning balance | [1] | 174.19 | 152.52 |
Net asset value per unit, Ending balance | [1] | $ 155.85 | $ 155.85 |
Equinox Frontier Balanced Fund [Member] | Class 3a [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 2,528,303 | ||
Redemption of Units | (52,948) | ||
Contributions | 0 | ||
Distributions | 0 | ||
Payment made by the Managing Owner | 4,131 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 54,675 | ||
Owners' Capital, Ending balance | $ 2,534,161 | $ 2,534,161 | |
Owners' Capital - Units, Beginning balance | 16,577 | ||
Owners' Capital - Units, Redemption of Units | (316) | ||
Owners' Capital - Units, Ending balance | 16,261 | 16,261 | |
Net asset value per unit, Beginning balance | $ 152.52 | ||
Change in net asset value per unit for the period | 3.33 | ||
Net asset value per unit, Ending balance | $ 155.85 | 155.85 | |
Equinox Frontier Balanced Fund [Member] | Class 1AP [Member] | |||
Net asset value per unit, Beginning balance | [1] | 151.80 | 133.20 |
Net asset value per unit, Ending balance | [1] | $ 135.49 | $ 135.49 |
Equinox Frontier Balanced Fund [Member] | Class 1AP [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 748,275 | ||
Sale of Units | 1,457 | ||
Redemption of Units | (39,001) | ||
Contributions | 0 | ||
Distributions | 0 | ||
Payment made by the Managing Owner | 1,222 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | 12,923 | ||
Owners' Capital, Ending balance | $ 724,876 | $ 724,876 | |
Owners' Capital - Units, Beginning balance | 5,618 | ||
Owners' Capital - Units, Sale of Units | 10 | ||
Owners' Capital - Units, Redemption of Units | (277) | ||
Owners' Capital - Units, Ending balance | 5,351 | 5,351 | |
Net asset value per unit, Beginning balance | $ 133.20 | ||
Change in net asset value per unit for the period | 2.29 | ||
Net asset value per unit, Ending balance | $ 135.49 | $ 135.49 | |
[1] | Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. | ||
[2] | Values are for both the Managing Owner and Limited Owners. | ||
[3] | Total returns are not annualized. |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | $ (1,541,747) | $ (4,365,626) |
Net change in open trade equity | 14,841,703 | 4,160,411 |
Net change in options purchased | 5,256,454 | (2,086,567) |
Sales of swap contracts | 0 | 0 |
Net change in options written | (6,381,968) | 537,577 |
Net change in allocation of total return swaps | 0 | 0 |
(Purchases) of swap contracts | (1,000,000) | |
Receivable from futures commission merchants | 4,228,484 | (272,327) |
Distributions from trading companies | 0 | 0 |
Prepaid service fees | (13,875) | 10,115 |
Interest receivable | (56,879) | 444,476 |
Receivable from related parties | 603 | 1,495 |
Other assets | 500,000 | 48 |
Incentive fees payable to Managing Owner | (6,570,591) | 1,143,462 |
Management fees payable to Managing Owner | (34,993) | (116,199) |
Interest payable to Managing Owner | 4,855 | (88,384) |
Trading fees payable to Managing Owner | (20,342) | (84,734) |
Service fees payable to Managing Owner | (23,014) | (95,091) |
Payables to related parties | 14,464 | 11,796 |
Other liabilities | 3,500 | |
Net cash provided by (used in) operating activities | 19,109,326 | 66,206,058 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of capital | 9,776,731 | 6,227,081 |
Payment for redemption of capital | (27,531,104) | (63,229,628) |
Payment made by the Managing Owner | 1,211,610 | |
Pending owner additions | (2,786) | (6,430) |
Owner redemptions payable | (149,183) | (640,243) |
Net cash provided by (used in) financing activities | (16,694,732) | (57,649,220) |
Net increase (decrease) in cash and cash equivalents | 2,414,594 | 8,556,838 |
Cash and cash equivalents, beginning of period | 18,977,844 | 9,302,857 |
Cash and cash equivalents, end of period | 21,392,438 | 17,859,695 |
U.S. TREASURY SECURITIES [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | 3,141,062 | (9,484,294) |
Net realized gain/(loss) on investments | (588,474) | 641,266 |
Sales of U.S. Treasury securities | 28,542,000 | 74,122,949 |
(Purchases) of U.S. Treasury securities | (21,196,875) | |
U.S. Treasury interest and premium paid/amortized | 1,237,835 | |
Swap [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | (1,229,375) | 1,722,185 |
Equinox Frontier Diversified Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | 2,211,703 | (71,992) |
Net change in open trade equity | 3,786,757 | |
Net change in options purchased | (86,056) | |
Net change in options written | (33,358) | |
Net change in ownership allocation of U.S. Treasury securities | 102,792 | (3,148,617) |
Receivable from futures commission merchants | 8,060,422 | |
Change in control of ownership - trading companies | (5,325,430) | (325,371) |
Investments in unconsolidated trading companies, at fair value | 395,915 | 3,087,509 |
Prepaid service fees | (14,084) | (1,665) |
Interest receivable | (21,022) | 32,060 |
Receivable from related parties | 1,035 | |
Other assets | 249,997 | |
Incentive fees payable to Managing Owner | (2,383,825) | 379,279 |
Management fees payable to Managing Owner | (3,010) | (15,618) |
Interest payable to Managing Owner | (370) | (4,543) |
Trading fees payable to Managing Owner | (8,657) | (25,282) |
Service fees payable to Managing Owner | 1,745 | (11,281) |
Payables to related parties | 1,172 | |
Other liabilities | 1,813 | |
Net cash provided by (used in) operating activities | 7,767,557 | 13,050,287 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of capital | 5,874,232 | 2,717,767 |
Payment for redemption of capital | (13,110,837) | (13,973,647) |
Payment made by the Managing Owner | 144,349 | |
Pending owner additions | (207) | (1,463) |
Owner redemptions payable | (57,953) | 335,367 |
Net cash provided by (used in) financing activities | (7,150,416) | (10,921,976) |
Net increase (decrease) in cash and cash equivalents | 617,141 | 2,128,311 |
Cash and cash equivalents, beginning of period | 4,210,638 | 1,827,897 |
Cash and cash equivalents, end of period | 4,827,779 | 3,956,208 |
Equinox Frontier Diversified Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | 583,896 | (1,883,962) |
Net realized gain/(loss) on investments | (133,349) | 127,713 |
Sales of U.S. Treasury securities | 6,214,322 | 14,517,974 |
(Purchases) of U.S. Treasury securities | (4,787,243) | |
Equinox Frontier Diversified Fund [Member] | Swap [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | (1,044,760) | 391,235 |
Equinox Frontier Masters Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (1,215,480) | (45,939) |
Net change in ownership allocation of U.S. Treasury securities | 3,692,889 | 3,061,783 |
Investments in unconsolidated trading companies, at fair value | (865,542) | (172,000) |
Prepaid service fees | 114 | 9,544 |
Interest receivable | 45,052 | 91,642 |
Receivable from related parties | 74 | (1,206) |
Incentive fees payable to Managing Owner | (680,972) | 168,094 |
Management fees payable to Managing Owner | (4,185) | (28,933) |
Interest payable to Managing Owner | (1,160) | (3,798) |
Trading fees payable to Managing Owner | (5,099) | (21,589) |
Service fees payable to Managing Owner | (1,808) | (16,297) |
Net cash provided by (used in) operating activities | 1,574,413 | 10,080,825 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of capital | 3,497,943 | 2,939,625 |
Payment for redemption of capital | (5,292,448) | (12,287,701) |
Pending owner additions | (490) | (18) |
Owner redemptions payable | (3,102) | |
Net cash provided by (used in) financing activities | (1,794,995) | (9,351,196) |
Net increase (decrease) in cash and cash equivalents | (220,582) | 729,629 |
Cash and cash equivalents, beginning of period | 2,199,066 | 1,125,954 |
Cash and cash equivalents, end of period | 1,978,484 | 1,855,563 |
Equinox Frontier Masters Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | 228,422 | (1,060,897) |
Net realized gain/(loss) on investments | (56,105) | 71,630 |
Sales of U.S. Treasury securities | 2,729,817 | 8,028,811 |
(Purchases) of U.S. Treasury securities | (2,291,604) | |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | 271,083 | (3,173,497) |
Net change in open trade equity | (191,069) | |
Net change in options purchased | 98,740 | |
Net change in options written | (172,650) | |
Net change in ownership allocation of U.S. Treasury securities | 947,060 | 2,706,178 |
(Purchases) of swap contracts | (1,000,000) | |
Receivable from futures commission merchants | 7,836,808 | |
Change in control of ownership - trading companies | (2,462,220) | |
Investments in unconsolidated trading companies, at fair value | (82,140) | (2,457,886) |
Prepaid service fees | 95 | 2,002 |
Interest receivable | 10,323 | 77,778 |
Receivable from related parties | 530 | (128) |
Incentive fees payable to Managing Owner | (118,511) | |
Management fees payable to Managing Owner | 349 | (44,175) |
Interest payable to Managing Owner | (97) | (3,948) |
Trading fees payable to Managing Owner | (2,810) | (14,458) |
Service fees payable to Managing Owner | (1,413) | (5,090) |
Net cash provided by (used in) operating activities | 854,449 | 7,686,216 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of capital | 148,785 | 401,977 |
Payment for redemption of capital | (1,882,547) | (7,567,551) |
Payment made by the Managing Owner | 907,162 | |
Owner redemptions payable | (18,782) | (91,056) |
Net cash provided by (used in) financing activities | (845,382) | (7,256,630) |
Net increase (decrease) in cash and cash equivalents | 9,067 | 429,586 |
Cash and cash equivalents, beginning of period | 1,110,779 | 810,418 |
Cash and cash equivalents, end of period | 1,119,846 | 1,240,004 |
Equinox Frontier Long/Short Commodity Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | 217,116 | (774,729) |
Net realized gain/(loss) on investments | (33,884) | 54,879 |
Sales of U.S. Treasury securities | 1,713,661 | 5,971,219 |
(Purchases) of U.S. Treasury securities | (1,395,765) | |
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | 328,851 | 238,462 |
Equinox Frontier Balanced Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | 779,026 | 848,007 |
Net change in open trade equity | 4,076,512 | 1,631,455 |
Net change in options purchased | 165,915 | |
Net change in options written | (183,856) | |
Net change in ownership allocation of U.S. Treasury securities | (10,786,387) | 1,384,849 |
Receivable from futures commission merchants | 13,267,929 | 10,787,977 |
Change in control of ownership - trading companies | (7,769,999) | (8,927,933) |
Investments in unconsolidated trading companies, at fair value | 4,010,131 | (5,848,870) |
Prepaid service fees | 234 | |
Interest receivable | (171,799) | 178,389 |
Receivable from other series | 0 | 0 |
Other assets | 250,003 | 45 |
Incentive fees payable to Managing Owner | (1,783,801) | 210,121 |
Management fees payable to Managing Owner | (9,562) | (24,391) |
Interest payable to Managing Owner | 16,064 | (51,818) |
Trading fees payable to Managing Owner | (844) | (17,116) |
Service fees payable to Managing Owner | (10,950) | (43,842) |
Payables to related parties | 4,500 | 5,004 |
Net cash provided by (used in) operating activities | 6,688,158 | 23,666,828 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of capital | 128,231 | 83,053 |
Payment for redemption of capital | (4,743,413) | (20,064,605) |
Payment made by the Managing Owner | 160,099 | |
Pending owner additions | (560) | (2,731) |
Owner redemptions payable | (13,705) | (821,324) |
Net cash provided by (used in) financing activities | (4,469,348) | (20,805,607) |
Net increase (decrease) in cash and cash equivalents | 2,218,810 | 2,861,221 |
Cash and cash equivalents, beginning of period | 5,644,510 | 3,292,570 |
Cash and cash equivalents, end of period | 7,863,320 | 6,153,791 |
Equinox Frontier Balanced Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | 1,389,049 | (3,414,775) |
Net realized gain/(loss) on investments | (215,325) | 225,870 |
Sales of U.S. Treasury securities | 10,249,014 | 26,111,089 |
(Purchases) of U.S. Treasury securities | (6,360,723) | |
Equinox Frontier Balanced Fund [Member] | Swap [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | (244,680) | 630,474 |
Net realized gain/(loss) on investments | 630,474 | |
Equinox Frontier Select Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (1,230,116) | (432,776) |
Net change in open trade equity | (55,956) | |
Net change in ownership allocation of U.S. Treasury securities | 4,418,169 | 551,952 |
Receivable from futures commission merchants | (12,410,448) | |
Change in control of ownership - trading companies | 5,911,386 | |
Investments in unconsolidated trading companies, at fair value | 4,088,872 | (455,524) |
Interest receivable | 58,145 | 33,530 |
Receivable from other series | 0 | 0 |
Incentive fees payable to Managing Owner | (185,791) | 26,677 |
Management fees payable to Managing Owner | (1,770) | (1,557) |
Interest payable to Managing Owner | (6,812) | (8,194) |
Trading fees payable to Managing Owner | (834) | (2,307) |
Service fees payable to Managing Owner | (2,903) | (7,625) |
Payables to related parties | 211 | 269 |
Net cash provided by (used in) operating activities | 225,374 | 3,200,070 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of capital | 10,998 | 4,943 |
Payment for redemption of capital | (698,003) | (2,846,634) |
Pending owner additions | (74) | (153) |
Owner redemptions payable | (15,432) | 17,098 |
Net cash provided by (used in) financing activities | (702,511) | (2,824,746) |
Net increase (decrease) in cash and cash equivalents | (477,137) | 375,324 |
Cash and cash equivalents, beginning of period | 878,280 | 494,931 |
Cash and cash equivalents, end of period | 401,143 | 870,255 |
Equinox Frontier Select Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | (32,740) | (496,053) |
Net realized gain/(loss) on investments | (12,618) | 34,988 |
Sales of U.S. Treasury securities | 600,508 | 3,956,690 |
(Purchases) of U.S. Treasury securities | (911,929) | |
Equinox Frontier Winton Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (2,023,778) | 1,420,061 |
Net change in ownership allocation of U.S. Treasury securities | 2,175,647 | (3,994,960) |
Investments in unconsolidated trading companies, at fair value | 730,619 | (2,247,207) |
Interest receivable | 15,769 | 6,900 |
Incentive fees payable to Managing Owner | (1,178,364) | 315,369 |
Management fees payable to Managing Owner | (12,571) | (28,976) |
Interest payable to Managing Owner | (2,403) | (10,769) |
Trading fees payable to Managing Owner | (1,727) | (2,019) |
Service fees payable to Managing Owner | (6,465) | (4,913) |
Payables to related parties | 7,984 | 5,133 |
Net cash provided by (used in) operating activities | 1,505,560 | 5,475,048 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of capital | 93,346 | 67,734 |
Payment for redemption of capital | (1,334,347) | (3,788,762) |
Pending owner additions | (1,408) | (1,268) |
Owner redemptions payable | (21,902) | (76,900) |
Net cash provided by (used in) financing activities | (1,264,311) | (3,799,196) |
Net increase (decrease) in cash and cash equivalents | 241,249 | 1,675,852 |
Cash and cash equivalents, beginning of period | 4,012,974 | 1,325,731 |
Cash and cash equivalents, end of period | 4,254,223 | 3,001,583 |
Equinox Frontier Winton Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | 616,192 | (1,429,792) |
Net realized gain/(loss) on investments | (111,546) | 97,349 |
Sales of U.S. Treasury securities | 5,740,839 | 11,348,872 |
(Purchases) of U.S. Treasury securities | (4,444,636) | |
Equinox Frontier Heritage Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (334,181) | (250,188) |
Net change in ownership allocation of U.S. Treasury securities | 687,650 | 302,509 |
Change in control of ownership - trading companies | 100,153 | 855 |
Investments in unconsolidated trading companies, at fair value | 145,343 | (480,022) |
Interest receivable | 6,653 | 24,563 |
Incentive fees payable to Managing Owner | (239,327) | 71,588 |
Management fees payable to Managing Owner | (4,245) | (384) |
Interest payable to Managing Owner | (805) | (6,906) |
Trading fees payable to Managing Owner | (371) | (1,961) |
Service fees payable to Managing Owner | (1,220) | (6,039) |
Payables to related parties | 595 | 1,386 |
Other liabilities | 3,500 | |
Net cash provided by (used in) operating activities | 493,817 | 3,044,700 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of capital | 23,193 | 11,982 |
Payment for redemption of capital | (469,510) | (2,700,710) |
Pending owner additions | (47) | (796) |
Owner redemptions payable | (21,408) | |
Net cash provided by (used in) financing activities | (467,772) | (2,689,524) |
Net increase (decrease) in cash and cash equivalents | 26,045 | 355,176 |
Cash and cash equivalents, beginning of period | 921,598 | 424,001 |
Cash and cash equivalents, end of period | 947,643 | 779,177 |
Equinox Frontier Heritage Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | 139,125 | (422,594) |
Net realized gain/(loss) on investments | (25,632) | 28,835 |
Sales of U.S. Treasury securities | 1,293,839 | 3,316,905 |
(Purchases) of U.S. Treasury securities | (1,004,975) | |
Equinox Frontier Heritage Fund [Member] | Swap [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | $ (268,786) | $ 462,653 |
Organization and Purpose
Organization and Purpose | 6 Months Ended |
Jun. 30, 2015 | |
The Series of Equinox Frontier Funds [Member] | |
Organization and Purpose | 1. Organization and Purpose Equinox Frontier Funds, which is referred to in this report as the “Trust”, was formed on August 8, 2003, as a Delaware statutory trust. Please refer to the consolidated financial statements of the Trust included within this periodic report. The Trust is a multi-advisor Purchasers of Units are limited owners of the Trust (“Limited Owners”) with respect to beneficial interests of the Series’ Units purchased. The Trust Act provides that, except as otherwise provided in the second amended and restated declaration of trust and trust agreement dated December 9, 2013, by and among the Managing Owner, Wilmington Trust Company as trustee and the unitholders, as may be amended from time to time (the “Trust Agreement”), unitholders in a Delaware statutory trust will have the same limitation of liability as do stockholders of private corporations organized under the General Corporation Law of the State of Delaware. The Trust Agreement confers substantially the same limited liability, and contains the same limited exceptions thereto, as would a limited partnership agreement for a Delaware limited partnership engaged in like transactions as the Trust. In addition, pursuant to the Trust Agreement, the Managing Owner of the Trust is liable for obligations of a Series in excess of that Series’ assets. Limited Owners do not have any such liability. The Managing Owner will make contributions to the Series of the Trust necessary to maintain at least a 1% interest in the aggregate capital, profits and losses of the combined Series of the Trust. The Trust, in relation to the Series, has been organized to pool assets of investor funds for the purpose of trading in the United States (“U.S.”) and international markets for currencies, interest rates, stock indices, agricultural and energy products, precious and base metals and other commodities. The Trust, in relation to the Series, may also engage in futures contracts, forwards, option contracts and other interest in derivative instruments, including swap contracts (“Swaps”). The Trust has seven (7) separate and distinct Series of Units issued and outstanding: Equinox Frontier Diversified Fund, Equinox Frontier Masters Fund, Equinox Frontier Long/Short Commodity Fund, Equinox Frontier Balanced Fund, Equinox Frontier Select Fund, Equinox Frontier Winton Fund, and Equinox Frontier Heritage Fund (each a “Series” and collectively, the “Series”). The Trust, with respect to the Series, may issue additional Series of Units. The Trust, with respect to each Series: • engages in the speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts), and may, from time to time, engage in cash and spot transactions; • allocates funds to a limited liability trading company or companies (“Trading Company”). Except as otherwise described in these notes, each Trading Company has one-year renewable contracts with its own independent commodity trading advisor(s), or each, a Trading Advisor, that will manage all or a portion of such Trading Company’s assets and make the trading decisions for the assets of each Series invested in such Trading Company. Each Trading Company will segregate its assets from any other Trading Company; • maintains separate, distinct records for each Series, and accounts for the assets of each Series separately from the other Series; • calculates the Net Asset Value (“NAV”) of its Units for each Series separately from the other Series; • has an investment objective of increasing the value of each Series’ Units over the long term (capital appreciation), while managing risk and volatility; further, to offer exposure to the investment programs of individual Trading Advisors and to specific instruments; • maintains each Series of Units in three to six classes—Class 1, Class 1a, Class 2, Class 2a, Class 3, and Class 3a. Investors who have purchased Class 1 or Class 1a Units of any Series are charged a service fee of up to three percent (3.0%) annually of the NAV of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 and Class 1a Units of any Series during the first twelve (12) months following the effective date of their purchase are subject to a redemption fee of up to three percent (3.0%) of the NAV at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to selling agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Equinox Frontier Diversified Fund, and Equinox Frontier Masters Fund or Class 2a Units of the Equinox Frontier Long/Short Commodity Fund sold) until such Class 2 or Class 2a Units which are subject to the fee limitation are reclassified as Class 3 or Class 3a Units of the applicable Series. Class 1AP was created as a sub-class of Class 1 and it has been presented separately because the fees applicable to it are different from those applicable to Class 1. Currently the service fee is not charged to Class 1AP investors. The Managing Owner may also pay selling agents certain additional fees and expenses for administrative and other services rendered and expenses incurred by such selling agents; and • all payments made to selling agents who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and their associated persons that constitute underwriting compensation will be subject to the limitations set forth in Rule 2310(b)(4)(B)(ii) (formerly Rule 2810(b)(4)(B)(ii)) of the Conduct Rules of FINRA (“Rule 2310”). An investor’s Class 1 Units or Class 2 Units of any Series, or Class 1a Units or Class 2a Units of the Equinox Frontier Long/Short Commodity Fund or Equinox Frontier Balanced Fund will be classified as Class 3 or Class 3a Units of such Series, as applicable, when the Managing Owner determines that the fee limitation set forth in Rule 2310 with respect to such Units has been reached or will be reached. No service fees are paid with respect to Class 3 or Class 3a Units. Units of any Class in a Series may be redeemed, in whole or in part, on a daily basis, at the then current NAV per Unit for such Series on the day of the week after the date the Managing Owner is in receipt of a redemption request for at least one (1) Business Day to be received by the Managing Owner prior to 4:00 PM in New York. The assets of any particular Series include only those funds and other assets that are paid to, held by or distributed to the Trust, with respect to the Series, on account of and for the benefit of that Series. Under the “Inter-Series Limitation on Liability” expressly provided for under Section 3804(a) of the Trust Act, separate and distinct records of the cash and equivalents, although pooled for maximizing returns, are maintained in the books and records of each Series. As of June 30, 2015, the Trust, with respect to the Equinox Frontier Diversified Fund, Equinox Frontier Masters Fund, Equinox Frontier Select Fund, Equinox Frontier Winton Fund and Equinox Frontier Heritage Fund separates Units into three separate Classes—Class 1, Class 2, and Class 3. The Trust, with respect to the Equinox Frontier Balanced Fund and the Equinox Frontier Long/Short Commodity Fund separates Units into a maximum of six separate Classes—Class 1, Class 2, Class 3, Class 1a, Class 2a and Class 3a. It is expected that between 10% and 30% of each Series’ assets normally will be invested in one or more Trading Companies to be committed as margin for trading positions, but from time to time these percentages may be substantially more or less. The remainders of each Series’ assets are maintained at the Trust level for cash management. Each of the respective Series has invested monies into pooled cash management assets which have included purchases of U.S. Treasury Securities Each Series’ ownership in these investments is based on its percentage ownership in the pooled cash management assets on the reporting date. As of June 30, 2015, Equinox Frontier Winton Fund has invested a portion of its assets in a single Trading Company, and a single Trading Advisor manages 100% of the assets invested in such Trading Company. Each of the remaining Series has invested a portion of its assets in several different Trading Companies and one or more Trading Advisors may manage the assets invested in such Trading Companies. The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, currency trading companies, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence or bad faith. On November 26, 2014, the Trust’s portfolio management team approved an allocation change in an Emil Van Essen trading program that was not fully implemented as intended. As a result, certain series who invested in Emil Van Essen were not allocated sufficient gains and certain other series who invested in Emil Van Essen suffered greater losses. In January 2015, the Managing Owner determined to make a payment to the affected investors within the Equinox Frontier Balanced Fund, Equinox Frontier Diversified Fund and Equinox Frontier Long/Short Commodity Fund, in the aggregate amount of $1,211,610 to reimburse the effect of the missed gain or higher loss on such investors in the series, and such amount was recorded in the Statements of Changes in Owners’ Capital as Payment Made by the Managing Owner. |
Equinox Frontier Funds [Member] | |
Organization and Purpose | 1. Organization and Purpose Equinox Frontier Funds, which is referred to in this report as the “Trust”, was formed on August 8, 2003, as a Delaware statutory trust. The Trust is a multi-advisor commodity pool, as described in CFTC Regulation § 4.10(d)(2). The Trust has authority to issue separate Series of Units pursuant to the requirements of the Trust Act. The assets of each Series are valued and accounted for separately from the assets of other Series. The Trust is not registered as an investment company under the Investment Company Act. It is managed by the Managing Owner. Purchasers of Units are Limited Owners of the Trust with respect to beneficial interests of the Series’ Units purchased. The Trust Act provides that, except as otherwise provided in the second amended and restated declaration of trust and trust agreement dated December 9, 2013, by and among the Managing Owner, Wilmington Trust Company as trustee and the unitholders, as amended from time to time (the “Trust Agreement”), unitholders in a Delaware statutory trust will have the same limitation of liability as do stockholders of private corporations organized under the General Corporation Law of the State of Delaware. The Trust Agreement confers substantially the same limited liability, and contains the same limited exceptions thereto, as would a limited partnership agreement for a Delaware limited partnership engaged in like transactions as the Trust. In addition, pursuant to the Trust Agreement, the Managing Owner of the Trust is liable for obligations of a Series in excess of that Series’ assets. Limited Owners do not have any such liability. The Managing Owner will make contributions to the Series of the Trust necessary to maintain at least a 1% interest in the aggregate capital, profits and losses of all Series. The Trust has been organized to pool investor funds for the purpose of trading in the U.S. and international markets for currencies, interest rates, stock indices, agricultural and energy products, precious and base metals and other commodities. The Trust may also engage in futures contracts, forwards, option contracts and other interest in derivative instruments, including swap contracts (“Swaps”). The Trust has seven (7) separate and distinct Series of Units issued and outstanding: Equinox Frontier Diversified Fund, Equinox Frontier Masters Fund, Equinox Frontier Long/Short Commodity Fund, Equinox Frontier Balanced Fund, Equinox Frontier Select Fund, Equinox Frontier Winton Fund, and Equinox Frontier Heritage Fund. The Trust financial statements are comprised of unitized Series which are consolidated into the Trust financial statements. However, the consolidated Trust does not issue units. The Trust, with respect to each Series: • engages in the speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts), and may, from time to time, engage in cash and spot transactions; • allocates funds to a Trading Company or Companies. Except as otherwise described in these notes, each Trading Company has one-year renewable contracts with its own independent commodity trading advisor(s), or each, a Trading Advisor, that will manage all or a portion of such Trading Company’s assets and make the trading decisions for the assets of each Series invested in such Trading Company. Each Trading Company will segregate its assets from any other Trading Company; • maintains separate, distinct records for each Series, and accounts for the assets of each Series separately from the other Series; • calculates the NAV of its Units for each Series separately from the other Series; • has an investment objective of increasing the value of each Series’ Units over the long term (capital appreciation), while managing risk and volatility; further, to offer exposure to the investment programs of individual Trading Advisors and to specific instruments; • maintains each Series of Units in three to six classes—Class 1, Class 1a, Class 2, Class 2a, Class 3, and Class 3a. Investors who have purchased Class 1 or Class 1a Units of any Series are charged a service fee of up to three percent (3.0%) annually of the NAV of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 and Class 1a Units of any Series during the first twelve (12) months following the effective date of their purchase are subject to a redemption fee of up to three percent (3.0%) of the NAV at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to selling agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Equinox Frontier Diversified Fund, and Equinox Frontier Masters Fund or Class 2a Units of the Equinox Frontier Long/Short Commodity Fund sold) until such Class 2 or Class 2a Units which are subject to the fee limitation are reclassified as Class 3 or Class 3a Units of the applicable Series. Class 1AP was created as a sub-class of Class 1 and it has been presented separately because the fees applicable to it are different from those applicable to Class 1. Currently the service fee is not charged to Class 1AP investors. The Managing Owner may also pay selling agents certain additional fees and expenses for administrative and other services rendered and expenses incurred by such selling agents; and • all payments made to selling agents who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and their associated persons that constitute underwriting compensation will be subject to the limitations set forth in Rule 2310(b)(4)(B)(ii) (formerly Rule 2810(b)(4)(B)(ii)) of the Conduct Rules of FINRA (“Rule 2310”). An investor’s Class 1 Units or Class 2 Units of any Series, or Class 1a Units or Class 2a Units of the Equinox Frontier Long/Short Commodity Fund or Equinox Frontier Balanced Fund will be classified as Class 3 or Class 3a Units of such Series, as applicable, when the Managing Owner determines that the fee limitation set forth in Rule 2310 with respect to such Units has been reached or will be reached. No service fees are paid with respect to Class 3 or Class 3a Units. Units of any Class in a Series may be redeemed, in whole or in part, on a daily basis, at the then current NAV per Unit for such Series on the day of the week after the date the Managing Owner is in receipt of a redemption request for at least one (1) Business Day to be received by the Managing Owner prior to 4:00 PM in New York. The assets of any particular Series include only those funds and other assets that are paid to, held by or distributed to the Trust on account of and for the benefit of that Series. Under the “Inter-Series Limitation on Liability” expressly provided for under Section 3804(a) of the Trust Act, separate and distinct records of the cash and equivalents, although pooled for maximizing returns, are maintained in the books and records of each Series. As of June 30, 2015, the Trust, with respect to the Equinox Frontier Diversified Fund, Equinox Frontier Masters Fund, Equinox Frontier Select Fund, Equinox Frontier Winton Fund and Equinox Frontier Heritage Fund separates Units into three separate Classes—Class 1, Class 2, and Class 3. The Trust, with respect to the Equinox Frontier Balanced Fund and the Equinox Frontier Long/Short Commodity Fund separates Units into a maximum of six separate Classes—Class 1, Class 2, Class 3, Class 1a, Class 2a and Class 3a. It is expected that between 10% and 30% of each Series’ assets normally will be invested in one or more Trading Companies to be committed as margin for trading positions, but from time to time these percentages may be substantially more or less. The remainders of each Series’ assets are maintained at the Trust level for cash management. Each of the respective Series has invested monies into pooled cash management assets which have included purchases of U.S. Treasury Securities. Each Series’ ownership in these investments is based on its percentage ownership in the pooled cash management assets on the reporting date. Each Series of the Trust may invest a portion of its assets in a single Trading Company or in several different Trading Companies and may have multiple Trading Advisors that manage the assets invested in such Trading Companies. On November 26, 2014, the Trust’s portfolio management team approved an allocation change in an Emil Van Essen trading program that was not fully implemented as intended. As a result, certain series who invested in Emil Van Essen were not allocated sufficient gains and certain other series who invested in Emil Van Essen suffered greater losses. In January 2015, the Managing Owner determined to make a payment to the affected investors within the Equinox Frontier Balanced Fund, Equinox Frontier Diversified Fund and Equinox Frontier Long/Short Commodity Fund, in the aggregate amount of $1,211,610 to reimburse the effect of the missed gain or higher loss on such investors in the series, and such amount was recorded in the Statement of Changes in Owners’ Capital as Payment Made by the Managing Owner. The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, currency trading companies, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence or bad faith. |
Significant Accounting Policies
Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2015 | |
The Series of Equinox Frontier Funds [Member] | |
Significant Accounting Policies | 2. Significant Accounting Policies The following are the significant accounting policies of the Series of the Trust. Basis of Presentation Consolidation As of June 30, 2015, the consolidated balance sheet of Equinox Frontier Balanced Fund included the assets and liabilities of its majority owned Trading Companies. These Trading Companies include Frontier Trading Company XIV, LLC, Frontier Trading Company XXIII, LLC, Frontier Trading Company XXIX, LLC and Frontier Trading Company XXXIV, LLC. For the six months ended June 30, 2015, the consolidated income statement of Equinox Frontier Balanced Fund included the earnings of its majority owned Trading Companies listed above. As of June 30, 2015, the consolidated balance sheet of Equinox Frontier Long/Short Commodity Fund included the assets and liabilities of its majority owned Trading Company, Frontier Trading Company XXXVII, LLC. For the six months ended June 30, 2015, the consolidated income statement of Equinox Frontier Long/Short Commodity Fund included the earnings of its majority owned Trading Companies listed above. As of June 30, 2015, the consolidated balance sheet of Equinox Frontier Diversified Fund included the assets and liabilities of its majority owned Frontier Trading Company I, LLC and, Frontier Trading Company XXXV, LLC. For the six months ended June 30, 2015, the consolidated income statement of Equinox Frontier Diversified Fund included the earnings of its majority owned Trading Companies listed above. As of and for the six months ended June 30, 2015, the consolidated balance sheet and income statement of Equinox Frontier Heritage Fund included the assets, liabilities and earnings of its majority owned Trading Company, Frontier Trading Company XXXIX, LLC. As of and for the six months ended June 30, 2015, the consolidated balance sheet and income statement of Equinox Frontier Select Fund included the assets, liabilities and earnings of its majority owned Trading Company, Frontier Trading Company XV, LLC except for the earnings from January 1, 2015 to January 2, 2015. Each of the Series has invested in Frontier Trading Company XXXVIII, LLC on the same basis as its ownership in the cash pool. Frontier Trading Company XXXVIII, LLC assets, liabilities and earnings are allocated to all the Series of the Trust based on their proportionate share of the cash pool. Use of Estimates— Cash and Cash Equivalents— Interest Income— U.S. Treasury Securities are pooled for purposes of maximizing returns on these assets to investors of all Series. Interest income from pooled cash management assets is recognized on the accrual basis and allocated daily to each Series based upon its daily proportion of ownership of the pool. U.S. Treasury Securities— Fair Value Measurements and Disclosures (“ Receivable From Futures Commission Merchants Investment Transactions— Balance Sheet (“ASC 210” Balance Sheet (Topic 210 Any change in net unrealized gain or loss from the preceding period is reported in the statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest is recognized in the period earned and the instruments are marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the statements of operations. Foreign Currency Transactions— Allocation of Earnings— Each Series allocates funds to an affiliated Trading Company, or Companies, of the Trust. Each Trading Company allocates all of its daily trading gains or losses to the Series in proportion to each Series’ ownership trading level interest in the Trading Company, adjusted on a daily basis (except for Trading Advisors and other investments such as Swaps that are directly allocated to a specific series). The value of all open contracts and cash held at clearing brokers is similarly allocated to the Series in proportion to each Series’ funds allocated to the Trading Company, or Companies. Investments and Swaps Income Taxes Income Taxes In the opinion of the Managing Owner, (i) the Trust, with respect to the Series, is treated as a partnership for federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, the Trust is not a publicly traded partnership treated as a corporation, and (ii) the discussion set forth in the Prospectus under the heading “Federal Income Tax Consequences” correctly summarizes the material federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Units of the Trust. Fees and Expenses Service Fees These service fees are part of the offering costs of the Trust, with respect to the Series, which include registration and filing fees, legal and blue sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. Pending Owner Additions— Recently Adopted Accounting Pronouncements— Recently Issued Accounting Pronouncements— — Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) (a consensus of the FASB Emerging Issues Task Force) In February, 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-02, Subsequent Events Subsequent Events |
Equinox Frontier Funds [Member] | |
Significant Accounting Policies | 2. Significant Accounting Policies The following are the significant accounting policies of the Trust. Basis of Presentation Consolidation Use of Estimates— Cash and Cash Equivalents— Interest Income— U.S. Treasury Securities— Fair Value Measurements and Disclosures (“ Receivable From Futures Commission Merchants Investment Transactions— Balance Sheet (“ASC 210” Balance Sheet (Topic 210 Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest was recognized in the period earned and the instruments were marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the consolidated statements of operations. Foreign Currency Transactions— Allocation of Earnings— Investments and Swaps Income Taxes Income Taxes In the opinion of the Managing Owner, (i) the Trust is treated as a partnership for Federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, the Trust is not a publicly traded partnership treated as a corporation, and (ii) the discussion set forth in the Prospectus under the heading “Federal Income Tax Consequences” correctly summarizes the material Federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Units of the Trust. Fees and Expenses Service Fees These service fees are part of the offering costs of the Trust, which include registration and filing fees, legal and blue sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and enjoys the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. Pending Owner Additions— Recently Adopted Accounting Pronouncements Recently Issued Accounting Pronouncements— — Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) (a consensus of the FASB Emerging Issues Task Force) In February, 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-02, Subsequent Events Subsequent Events |
Fair Value Measurements
Fair Value Measurements | 6 Months Ended |
Jun. 30, 2015 | |
The Series of Equinox Frontier Funds [Member] | |
Fair Value Measurements | 3. Fair Value Measurements In connection with the valuation of investments the Series apply ASC 820, Fair Value Measurement Level 1 Inputs Unadjusted quoted prices in active markets for identical financial assets that the reporting entity has the ability to access at the measurement date. Level 2 Inputs Inputs other than quoted prices included in Level 1 that are observable for the financial asset or liabilities, either directly or indirectly. These might include quoted prices for similar financial assets in active markets, quoted prices for identical or similar financial assets in markets that are not active, inputs other than quoted prices that are observable for the financial asset or inputs that are derived principally from or corroborated by market data by correlation or other means. Level 3 Inputs Unobservable inputs for determining the fair value of financial assets that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the financial asset. The Trust, with respect to the Series, uses the following methodologies to value instruments within its financial asset portfolio at fair value: Trading Securities. Swap Contracts The Managing Owner has chartered a valuation committee to provide oversight of the valuation process for the Series. The valuation committee meets at least monthly to discuss the valuation process and any valuation issues that may arise. The valuation committee is comprised of senior members of the Managing Owner’s management team with varying areas of expertise that add value to the committee. The valuation committee reports to both the Managing Owner’s Management Commitee and the Trust’s Executive Committee. The committee further remains in communication with the Managing Owner’s Due Diligence Committee that provides ongoing counterparty risk monitoring of the swap counterparties. The committee monitors daily pricing provided by the swap counterparty and daily valuation provided by the third party pricing service. The valuation committee may request a price challenge if the daily valuation provided by the counterparty valuations differs significantly from the valuation obtained by the pricing service. The Managing Owner’s valuation committee monitors some additional input factors such as liquidity, volatility, and counterparty risk in order to further review the valuations provided by the pricing service. Investment in Unconsolidated Trading Companies. The following table summarizes the instruments that comprise the Trust, with respect to the Series, financial asset portfolio, by Series, measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014 segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: June 30, 2015 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value Equinox Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 5,899,789 $ 298,675 $ — $ 6,198,464 Open Trade Equity (Deficit) (571,551 ) — — (571,551 ) Options Purchased — 374,470 — 374,470 Options Written — (219,660 ) — (219,660 ) Swap Contracts — — 7,615,169 7,615,169 U.S. Treasury Securities 29,071,240 — — 29,071,240 Equinox Frontier Masters Fund Investment in Unconsolidated Trading Companies 8,598,866 168,654 — 8,767,520 U.S. Treasury Securities 11,913,754 — — 11,913,754 Equinox Frontier Long/Short Commodity Fund Swap Contracts — — 4,304,209 4,304,209 Investment in Unconsolidated Trading Companies 3,516,988 380,006 — 3,896,994 U.S. Treasury Securities 6,743,330 — — 6,743,330 Equinox Frontier Balanced Fund Open Trade Equity (Deficit) (778,963 ) — — (778,963 ) Swap Contracts — — 18,491,634 18,491,634 Investment in Unconsolidated Trading Companies 13,892,904 440,892 — 14,333,796 U.S. Treasury Securities 47,350,232 — — 47,350,232 Equinox Frontier Select Fund — Open Trade Equity (Deficit) 55,956 — — 55,956 Investment in Unconsolidated Trading Companies 373,618 — 3,639,651 4,013,269 U.S. Treasury Securities 2,415,549 — — 2,415,549 Equinox Frontier Winton Fund Investment in Unconsolidated Trading Companies 6,544,957 204,082 — 6,749,039 U.S. Treasury Securities 25,617,478 — 25,617,478 Equinox Frontier Heritage Fund Swap Contracts — — 7,809,251 7,809,251 Investment in Unconsolidated Trading Companies 1,361,243 36,800 — 1,398,043 U.S. Treasury Securities 5,706,384 — — 5,706,384 December 31, 2014 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Equinox Frontier Diversified Fund Investments in Unconsolidated Trading Companies $ 6,631,887 $ (37,508 ) $ — $ 6,594,379 Open Trade Equity (Deficit) 3,171,968 43,238 — 3,215,206 Options Purchased — 288,413 — 288,413 Options Written — (253,018 ) — (253,018 ) Swap Contracts — — 6,570,408 6,570,408 U.S. Treasury Securities 31,051,659 — — 31,051,659 Equinox Frontier Masters Fund Investments in Unconsolidated Trading Companies 7,942,166 (40,188 ) — 7,901,978 U.S. Treasury Securities 16,217,173 — — 16,217,173 Equinox Frontier Long/Short Commodity Fund Investments in Unconsolidated Trading Companies 3,789,466 25,388 — 3,814,854 Swap Contracts — — 3,633,060 3,633,060 U.S. Treasury Securities 8,191,519 — — 8,191,519 Equinox Frontier Balanced Fund Open Trade Equity (Deficit) 3,717,291 (419,742 ) — 3,297,549 Investments in Unconsolidated Trading Companies 18,354,685 (10,758 ) — 18,343,927 Swap Contracts — — 18,246,954 18,246,954 U.S. Treasury Securities 41,625,860 — — 41,625,860 Equinox Frontier Select Fund Investments in Unconsolidated Trading Companies 4,591,569 (28,926 ) 3,539,498 8,102,141 U.S. Treasury Securities 6,476,939 — — 6,476,939 Equinox Frontier Winton Fund Investments in Unconsolidated Trading Companies 7,656,170 (176,512 ) — 7,479,658 U.S. Treasury Securities 29,593,974 — 29,593,974 Equinox Frontier Heritage Fund Investments in Unconsolidated Trading Companies 1,576,952 (33,566 ) — 1,543,386 Swap Contracts — — 7,540,465 7,540,465 U.S. Treasury Securities 6,796,392 — 6,796,392 The changes in Level 3 assets measured at fair value on a recurring basis are summarized in the following tables. Swap contract asset gains and losses (realized/unrealized) included in earnings are classified in “realized and unrealized gain (loss) on investments – net unrealized gain/(loss) on swap contracts” on the statements of operations. Investment in unconsolidated trading company asset gains and losses (realized/unrealized) included in earnings are classified in “Change in fair value of investments in unconsolidated trading companies.” During the six months ended June 30, 2015 and year ended December 31, 2014, all identified Level 3 assets are components of the Equinox Frontier Diversified Fund, Equinox Frontier Long/Short Commodity Fund, Equinox Frontier Balanced Fund, Equinox Frontier Select Fund, and Equinox Frontier Heritage Fund. For the Six Months Ended June 30, 2015 Swaps: Equinox Frontier Equinox Frontier Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2015 $ 6,570,408 $ 3,633,060 $ 18,246,954 Total gains or losses (realized/unrealized): Included in earnings-realized — — Included in earnings-unrealized 1,044,761 (328,851 ) 244,680 Purchases of investments — 1,000,000 — Sales of investments — — Change in ownership allocation of total return swaps — — — Transfers in and/or out of Level 3 — — — Balance of recurring Level 3 assets as of June 30, 2015 $ 7,615,169 $ 4,304,209 $ 18,491,634 Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2015 $ 7,540,465 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 268,786 Purchases of investments — Sales of investments — Change in ownership allocation of total return swaps — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of June 30, 2015 $ 7,809,251 Investments in Unconsolidated Trading Companies: Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2015 $ 3,539,498 Change in fair value of investments in unconsolidated trading companies 100,153 Proceeds from sales of investments of unconsolidated trading companies — Purchases of investments of unconsolidated trading companies — Change in ownership allocation — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of June 30, 2015 $ 3,639,651 For the Year Ended December 31, 2014 Swaps: Equinox Frontier Equinox Frontier Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2014 $ 3,437,632 $ 2,456,546 $ 10,122,003 Total gains or losses (realized/unrealized): Included in earnings-realized — — Included in earnings-unrealized 3,132,776 1,176,514 8,124,951 Purchases of investments — — — Sales of investments — — Change in ownership allocation of total return swaps — — — Transfers in and/or out of Level 3 — — — Balance of recurring Level 3 assets as of December 31, 2014 $ 6,570,408 $ 3,633,060 $ 18,246,954 Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2014 $ 5,435,184 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 2,105,281 Purchases of investments — Sales of investments — Change in ownership allocation of total return swaps — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2014 $ 7,540,465 Investments in Unconsolidated Trading Companies: Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2014 $ 2,415,637 Change in fair value of investments in unconsolidated trading companies 1,123,861 Proceeds from sales of investments of unconsolidated trading companies — Purchases of investments of unconsolidated trading companies — Change in ownership allocation — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2014 $ 3,539,498 The Series of the Trust assess the levels of the investments at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer in accordance with the Series’ accounting policy regarding the recognition of transfers between levels of the fair value hierarchy. During the six months ended June 30, 2015 and year ended December 31, 2014, the Trust did not transfer any assets between Levels 1, 2 or 3. The amounts reflected in the change in ownership allocation result from changes in ownership in the underlying Trading Companies at the Series level, which have resulted in changes in consolidation or de-consolidation by the Series. The ownership in the Trading Companies is accounted for under the equity method, which approximates fair value. The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at June 30, 2015. Equinox Frontier Equinox Frontier Equinox Frontier Equinox Frontier Swaps $ 1,044,760 $ (328,851 ) $ 244,680 $ 268,786 The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at December 31, 2014. Equinox Frontier Equinox Frontier Equinox Frontier Equinox Frontier Swaps $ 3,132,776 $ 1,176,514 $ 8,120,996 $ 2,105,281 |
Equinox Frontier Funds [Member] | |
Fair Value Measurements | 3. Fair Value Measurements In connection with the valuation of investments the Trust applies ASC 820, Fair Value Measurement (“ASC 820”) Level 1 Inputs Unadjusted quoted prices in active markets for identical financial assets that the reporting entity has the ability to access at the measurement date. Level 2 Inputs Inputs other than quoted prices included in Level 1 that are observable for the financial assets or liabilities, either directly or indirectly. These might include quoted prices for similar financial assets in active markets, quoted prices for identical or similar financial assets in markets that are not active, inputs other than quoted prices that are observable for the financial assets or inputs that are derived principally from or corroborated by market data by correlation or other means. Level 3 Inputs Unobservable inputs for determining the fair value of financial assets that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the financial asset. The Trust uses the following methodologies to value instruments within its financial asset portfolio at fair value: Trading Securities. Swap Contracts The Managing Owner has chartered a valuation committee to provide oversight of the valuation process for the Series. The valuation committee meets at least monthly to discuss the valuation process and any valuation issues that may arise. The valuation committee is comprised of senior members of the Managing Owner’s management team with varying areas of expertise that add value to the committee. The valuation committee reports to both the Managing Owner’s Management Committee and the Trust’s Executive Committee. The committee further remains in communication with the Managing Owner’s Due Diligence Committee that provides ongoing counterparty risk monitoring of the swap counterparties. The committee’s designee monitors daily pricing valuation provided by the swap counterparty and daily valuation provided by the third party pricing service to ensure the change in fair value is reasonable and valuations are in accordance with current regulations and best practices. The committee may request a price challenge if the daily valuation provided by the counterparty valuations differs significantly from the valuation obtained by the pricing service. The Managing Owner’s valuation committee monitors some additional input factors such as liquidity, volatility, and counterparty risk in order to further review the valuations provide by the pricing service. The following table summarizes the instruments that comprise the Trust’s financial asset portfolio, by Series, measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: June 30, 2015 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value Open Trade Equity (Deficit) $ 70,482 $ (87,763 ) $ — $ (17,281 ) Swap Contracts — — 38,220,263 38,220,263 U.S. Treasury Securities 128,817,968 — — 128,817,968 Purchased Options — 3,819,429 — 3,819,429 Written Options — (2,581,870 ) — (2,581,870 ) December 31, 2014 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value Open Trade Equity (Deficit) $ 15,756,796 $ (932,374 ) $ — $ 14,824,422 Swap Contracts — — 35,990,887 35,990,887 U.S. Treasury Securities 139,953,516 — — 139,953,516 Purchased Options — 9,075,883 — 9,075,883 Written Options — (8,963,838 ) — (8,963,838 ) The changes in Level 3 assets measured at fair value on a recurring basis are summarized in the following tables. Swap contract asset gains and losses (realized/unrealized) included in earnings are classified in “realized and unrealized gain (loss) on investments – net realized and net unrealized gain/(loss) on swap contracts” on the statements of operations. For the Six Months Balance of recurring Level 3 assets as of January 1, 2015 $ 35,990,887 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 1,229,376 Purchases of investments 1,000,000 Sales of investments — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of June 30, 2015 $ 38,220,263 For the Year Ended Balance of recurring Level 3 assets as of January 1, 2014 $ 21,455,529 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 14,535,358 Purchases of investments — Sales of investments — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2014 $ 35,990,887 The Trust assesses the levels of the investments at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer in accordance with the Trust’s accounting policy regarding the recognition of transfers between levels of the fair value hierarchy. During the six months ended June 30, 2015 and the year ended December 31, 2014, the Trust did not transfer any assets between Levels 1, 2 and 3. The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at June 30, 2015. Swaps $ 1,229,375 The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at December 31, 2014. Swaps $ 14,535,358 |
Swaps
Swaps | 6 Months Ended |
Jun. 30, 2015 | |
The Series of Equinox Frontier Funds [Member] | |
Swaps | 4. Swaps In addition to authorizing Trading Advisors to manage pre-determined investment levels of futures and forward contracts, certain Series of the Trust will strategically invest a portion or all of their assets in total return Swaps, selected at the direction of the Managing Owner. Total return Swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more investment products or indices. In a typical total return Swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a “basket” of securities. Each Series’ investment in Swaps will likely differ substantially over time due to cash flows, portfolio management decisions and market movements. The Swaps serve to diversify the investment holdings of each Series and to provide access to programs and advisors that would not be otherwise available to the Series, and are not used for hedging purposes. The Managing Owner follows a procedure in selecting well-established financial institutions which the Managing Owner, in its sole discretion, considers to be reputable, reliable, financially responsible and well established to act as swap counterparties. The procedure includes due diligence review of documentation on all new and existing financial institution counterparties prior to initiation of the relationship, and quarterly ongoing review during the relationship, to ensure that counterparties meet the Managing Owner’s minimum credit requirements, the counterparty average rating being no less than an investment grade rating as defined by the rating agencies. As of June 30, 2015 and December 31, 2014, approximately 8.3% and 7.0%, respectively, of the Trust’s assets were deposited with over-the-counter counterparties in order to initiate and maintain Swaps and is recorded as cash and cash equivalents on the Statements of Financial Condition of the Trust. The Series may strategically invest assets in one or more Swaps linked to certain underlying investments or indices at the direction of the Managing Owner. The Trading Company in which the assets of these Series will be invested will not own any of the investments or indices referenced by any Swap entered into by these Series. In addition, neither the swap counterparty to the Trading Company of these Series nor any advisor referenced by any such Swap is a Trading Advisor to these Series. The Series had invested in the following Swaps as of and for the six months ended June 30, 2015: Equinox Frontier Balanced Fund Equinox Frontier Diversified Fund Equinox Frontier Long/Short Commodity Fund Equinox Frontier Heritage Fund Total Return Swap Total Return Swap Total Return Swap Total Return Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $ 62,910,098 $ 30,500,000 $ 10,090,513 $ 15,663,283 Termination Date 8/2/2018 8/2/2018 8/7/2018 3/26/2018 Cash Collateral $ 9,600,000 $ 3,400,000 $ 3,880,000 $ 5,993,000 Swap Value $ 8,891,634 $ 4,215,169 $ 424,209 $ 1,816,251 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $ 0 $ 0 $ 0 $ 0 Change in Unrealized Gain/(Loss) $ 244,680 $ 1,044,760 ($ 328,851 ) $ 268,786 Fair Value as of 6/30/2015 $ 18,491,634 $ 7,615,169 $ 4,304,209 $ 7,809,251 The Series had invested in the following Swaps as of and for the year ended December 31, 2014: Equinox Frontier Balanced Fund Equinox Frontier Diversified Fund Equinox Frontier Long/Short Commodity Fund Equinox Frontier Heritage Fund Total Return Swap Total Return Swap Total Return Swap Total Return Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $ 67,610,098 $ 35,500,000 $ 13,590,513 $ 17,663,283 Termination Date 8/2/2018 8/2/2018 8/7/2018 3/26/2018 Cash Collateral $ 9,600,000 $ 3,400,000 $ 2,880,000 $ 5,993,000 Swap Value $ 8,646,954 $ 3,170,408 $ 753,060 $ 1,547,465 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $ 0 $ 0 $ 0 $ 0 Change in Unrealized Gain/(Loss) $ 8,120,996 $ 3,132,777 $ 1,176,514 $ 2,105,281 Fair Value as of 12/31/2014 $ 18,246,955 $ 6,570,409 $ 3,633,060 $ 7,540,466 |
Equinox Frontier Funds [Member] | |
Swaps | 4. Swaps In addition to authorizing Trading Advisors to manage pre-determined investment levels of futures and forward contracts, certain Series of the Trust will strategically invest a portion or all of their assets in total return swaps, selected at the direction of the Managing Owner. Total Return Swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more investment products or indices. In a typical Total Return Swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a “basket” of securities. The Trust’s investment in Swaps will likely differ substantially over time due to cash flows, portfolio management decisions and market movements. The Swaps serve to diversify the investment holdings of the Trust and to provide access to programs and advisors that would not be otherwise available to the Trust, and are not used for hedging purposes. The Managing Owner follows a procedure in selecting well-established financial institutions which the Managing Owner, in its sole discretion, considers to be reputable, reliable, financially responsible and well established to act as swap counterparties. The procedure includes due diligence review of documentation on all new and existing financial institution counterparties prior to initiation of the relationship, and quarterly ongoing review during the relationship, to ensure that counterparties meet the Managing Owner’s minimum credit requirements, the counterparty average rating being no less than an investment grade rating as defined by the rating agencies. As of June 30, 2015 and December 31, 2014, approximately 14.9% or $38,220,263 and 12.5% or $35,990,887, respectively, of the Trust’s assets were invested with over-the-counter counterparties in order to initiate and maintain Swaps and is recorded as Swap Contracts, at fair value on the Statements of Financial Condition of the Trust. This cash held with the counterparty is not restricted. The Trust strategically invests assets in one or more Swaps linked to certain underlying investments or indices at the direction of the Managing Owner. The Trading Company in which the assets of the Trust will be invested will not own any of the investments or indices referenced by any Swap entered into by the Trust. In addition, neither the Swap counterparty nor any advisor referenced by any such Swap is a Trading Advisor to the Trust. The Trust had invested in the following swaps as of and for the six months ended June 30, 2015: Brevan Howard XXXIV Balanced Select Swap XXXV Diversified Select Swap XXXVII L/S Select Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $ 15,663,283 $ 62,910,098 $ 30,500,000 $ 10,090,513 Termination Date 3/26/2018 8/2/2018 8/2/2018 8/7/2018 Cash Collateral $ 5,993,000 $ 9,600,000 $ 3,400,000 $ 3,880,000 Swap Value $ 1,816,251 $ 8,891,634 $ 4,215,169 $ 424,209 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $ 0 $ 0 $ 0 $ 0 Change in Unrealized Gain/(Loss) $ 268,786 $ 244,680 $ 1,044,760 ($ 328,851 ) Fair Value as of 6/30/2015 $ 7,809,251 $ 18,491,634 $ 7,615,169 $ 4,304,209 The Trust had invested in the following swaps as of and for the year ended December 31, 2014: Brevan Howard XXXIV Balanced Select Swap XXXV Diversified Select Swap XXXVII L/S Select Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $ 17,663,283 $ 67,610,098 $ 35,500,000 $ 13,590,513 Termination Date 3/26/2018 8/2/2018 8/2/2018 8/7/2018 Cash Collateral $ 5,993,000 $ 9,600,000 $ 3,400,000 $ 3,880,000 Swap Value $ 1,547,466 $ 8,646,955 $ 3,170,409 ($ 246,940 ) Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $ 0 $ 0 $ 0 $ 0 Unrealized Gain/(Loss) $ 2,105,281 $ 8,120,996 $ 3,132,777 $ 1,176,514 Fair Value as of 12/31/2014 $ 7,540,466 $ 18,246,955 $ 6,570,409 $ 3,633,060 |
Investments in Unconsolidated T
Investments in Unconsolidated Trading Companies | 6 Months Ended |
Jun. 30, 2015 | |
The Series of Equinox Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies | 5. Investments in Unconsolidated Trading Companies Investments in unconsolidated trading companies represent cash and open trade equity invested in the Trading Companies by each Series and cumulative trading profits or losses allocated to each Series by the Trading Companies. Trading Companies allocate trading profits or losses on the basis of the proportion of each Series’ capital allocated for trading to each respective Trading Company, which bears no relationship to the amount of cash invested by a Series in the Trading Company. The Trading Companies are valued using the equity method of accounting, which approximates fair value. The following table summarizes each of the Series’ investments in unconsolidated Trading Companies as of June 30, 2015 and December 31, 2014: As of June 30, 2015 As of December 31, 2014 Percentage of Fair Value Percentage of Fair Value Series Equinox Frontier Diversified Fund — 9.96 % $ 6,198,464 9.11 % $ 6,594,379 Equinox Frontier Masters Fund — 38.63 % $ 8,767,520 30.74 % $ 7,901,978 Equinox Frontier Long/Short Commodity Fund — 24.26 % $ 3,896,994 22.96 % $ 3,814,854 Equinox Frontier Balanced Fund — 14.77 % $ 14,333,796 16.92 % $ 18,343,927 Equinox Frontier Select Fund — 20.83 % $ 4,013,269 53.06 % $ 8,102,141 Equinox Frontier Winton Fund — 18.35 % $ 6,749,039 18.68 % $ 7,479,658 Equinox Frontier Heritage Fund — 8.80 % $ 1,398,043 9.32 % $ 1,543,386 The following tables summarize each of the Series’ equity in earnings from unconsolidated Trading Companies for the three and six months ended June 30, 2015 and 2014. Three Months Ended June 30, 2015 Three Months Ended June 30, 2014 Trading Realized Change in Net Income Trading Realized Change in Net Income Equinox Frontier Diversified Fund Frontier Trading Company I LLC $ — $ — $ — $ — $ (77,867 ) $ 950,477 $ 1,028,045 $ 1,900,655 Frontier Trading Company II LLC (4,246 ) (685,823 ) (420,717 ) (1,110,786 ) (4,241 ) 865,388 (8,894 ) 852,253 Frontier Trading Company V LLC — — — — — — — — Frontier Trading Company VI LLC — — — — — — — — Frontier Trading Company VII, LLC (85,942 ) (1,382,324 ) 1,810,489 342,223 (96,234 ) (663,204 ) 608,781 (150,657 ) Frontier Trading Company IX, LLC — — — — — — — Frontier Trading Company XIV, LLC — — — — (41,516 ) 249,214 263,796 471,494 Frontier Trading Company XV, LLC — — — — (12,052 ) (487,276 ) 155,923 (343,405 ) Frontier Trading Company XVIII, LLC — — — — — — — — Frontier Trading Company XXI, LLC — — — — — — — — Frontier Trading Company XXIII, LLC (17,919 ) (151,523 ) (304,555 ) (473,997 ) (11,949 ) 789,665 92,152 869,868 Frontier Trading Company XXXVIII, LLC (10,482 ) 77,904 (236,705 ) (169,283 ) — — — Frontier Trading Company XXXIX, LLC — — — — (11,766 ) (127,320 ) (97,402 ) (236,488 ) Total $ (118,589 ) $ (2,141,766 ) $ 848,512 $ (1,411,843 ) $ (255,625 ) $ 1,576,944 $ 2,042,401 $ 3,363,720 Equinox Frontier Masters Fund Frontier Trading Company I LLC $ (6,561 ) $ (78,343 ) $ (920,425 ) $ (1,005,329 ) $ (8,994 ) $ 441,002 $ 166,625 $ 598,633 Frontier Trading Company II LLC (2,613 ) (420,988 ) (264,127 ) $ (687,728 ) (3,095 ) 627,805 (8,751 ) 615,959 Frontier Trading Company XIV, LLC — — — — (36,029 ) 189,278 214,868 368,117 Frontier Trading Company XV, LLC (14,857 ) (979,930 ) (372,004 ) (1,366,791 ) (24,092 ) 125,464 287,803 389,175 Frontier Trading Company VII, LLC (50,573 ) (775,283 ) 1,063,371 237,515 Frontier Trading Company XXXVIII, LLC (4,586 ) 35,342 (122,309 ) (91,553 ) (6,083 ) (78,704 ) (42,756 ) (127,533 ) Total $ (79,190 ) $ (2,219,202 ) $ (615,494 ) $ (2,913,886 ) $ (78,293 ) $ 1,304,845 $ 617,789 $ 1,844,351 Equinox Frontier Long/Short Commodity Fund Frontier Trading Company I LLC $ — $ — $ — $ — $ — $ — $ — $ — Frontier Trading Companies VII, LLC (63,635 ) (1,450,691 ) 1,054,760 (459,566 ) (79,249 ) (199,250 ) 450,592 172,093 Frontier Trading Companies XVIII, LLC — — — — (9,017 ) (338,735 ) (291,055 ) (638,807 ) Frontier Trading Companies XXIII, LLC — — — — — — — — Frontier Trading Company XXXVIII, LLC (2,865 ) 19,681 (69,554 ) (52,738 ) — — — — Total $ (66,500 ) $ (1,431,010 ) $ 985,206 $ (512,304 ) $ (88,266 ) $ (537,985 ) $ 159,537 $ (466,714 ) Equinox Frontier Balanced Fund Frontier Trading Company I LLC $ (83,797 ) $ 975,639 $ (208,851 ) 682,991 $ (263,573 ) $ 1,115,464 $ (362,505 ) 489,386 Frontier Trading Company II LLC (5,791 ) (937,794 ) (560,595 ) (1,504,180 ) (12,088 ) (686,492 ) 1,317,845 619,265 Frontier Trading Company V LLC — — — — — Frontier Trading Company VII, LLC (97,027 ) (1,669,662 ) 2,061,923 295,234 36,410 685,775 (1,108,643 ) (386,458 ) Frontier Trading Company XIV, LLC — — — — (23,141 ) 99,184 (416,179 ) (340,136 ) Frontier Trading Company XV, LLC (231 ) (492,925 ) 493,274 118 22,806 (867,989 ) 1,231,415 386,232 Frontier Trading Company XVI, LLC — — — — — Frontier Trading Company XVIII, LLC — — — — — Frontier Trading Company XXIII, LLC — — — — — Frontier Trading Company XXXVIII, LLC (17,308 ) 134,812 (445,903 ) (328,399 ) (768,673 ) 1,833,086 (991,089 ) 73,324 Frontier Trading Company XXXIX, LLC — — — — (75,543 ) (1,180,680 ) 612,399 (643,824 ) Total $ (204,154 ) $ (1,989,930 ) $ 1,339,848 $ (854,236 ) $ (1,083,802 ) $ 998,348 $ 283,243 $ 197,789 Equinox Frontier Select Fund Frontier Trading Company V LLC $ — $ — $ — $ — $ — $ — $ — $ — Frontier Trading Company VI LLC — — — — — — — — Frontier Trading Company XV, LLC — (2 ) (2 ) (31,676 ) 106,074 415,981 490,379 Frontier Trading Company XXI, LLC (967,125 ) (967,125 ) — — — Frontier Trading Company XXXVIII, LLC (2,577 ) 7,618 (23,723 ) (17,104 ) (2,970 ) (33,431 ) (15,011 ) (51,412 ) Frontier Trading Company XXXIX, LLC 127,518 127,518 (1,556 ) — 331,515 329,959 Total $ (2,577 ) $ 7,618 $ (863,332 ) $ (856,713 ) $ (36,202 ) $ 72,643 $ 732,485 $ 768,926 Equinox Frontier Winton Fund Frontier Trading Company II LLC $ (14,911 ) $ (2,419,574 ) $ (1,407,788 ) $ (3,842,273 ) $ (13,657 ) $ 2,787,074 $ (31,073 ) $ 2,742,344 Frontier Trading Company XXXVIII ,LLC (9,599 ) 73,551 (282,923 ) $ (218,971 ) (9,787 ) (105,773 ) (73,711 ) (189,271 ) Total $ (24,510 ) $ (2,346,023 ) $ (1,690,711 ) $ (4,061,244 ) $ (23,444 ) $ 2,681,301 $ (104,784 ) $ 2,553,073 Equinox Frontier Heritage Fund Frontier Trading Company II LLC $ (2,685 ) $ (435,646 ) $ (252,853 ) $ (691,184 ) $ (3,057 ) $ 623,800 $ (6,880 ) $ 613,593 Frontier Trading Company V LLC — — — — — — — — Frontier Trading Company XXXVIII, LLC (2,163 ) 16,512 (62,218 ) (47,870 ) (2,639 ) (32,058 ) (21,536 ) (56,233 ) Frontier Trading Company XXXIX, LLC — — — — — — — — Total $ (4,848 ) $ (419,134 ) $ (315,071 ) $ (739,054 ) $ (5,696 ) $ 591,742 $ (28,416 ) $ 557,360 Six Months Ended June 30, 2015 Six Months Ended June 30, 2014 Trading Realized Change in Net Income Trading Realized Change in Net Income Equinox Frontier Diversified Fund Frontier Trading Company I LLC $ — $ — $ — $ — $ (148,260 ) $ 2,095,105 $ 421,786 $ 2,368,631 Frontier Trading Company II LLC (8,329 ) 647,469 (548,028 ) 91,112 (8,992 ) 1,132,028 (293,721 ) 829,315 Frontier Trading Company V LLC — — — — — — — — Frontier Trading Company VI LLC — — — — — — — — Frontier Trading Company VII, LLC (168,323 ) 726,185 587,363 1,145,225 (248,337 ) (1,280,664 ) 370,672 (1,158,329 ) Frontier Trading Company IX, LLC — — — — — — — Frontier Trading Company XIV, LLC — — — — (101,125 ) (378,786 ) 323,498 (156,413 ) Frontier Trading Company XV, LLC — — — — (27,763 ) 172,591 (786,997 ) (642,169 ) Frontier Trading Company XVIII, LLC — — — — — — — — Frontier Trading Company XXI, LLC — — — — — — — — Frontier Trading Company XXIII, LLC (37,701 ) 721,086 (330,774 ) 352,611 (24,150 ) 1,073,089 187,658 1,236,597 Frontier Trading Company XXXVIII, LLC (17,490 ) 952,971 (463,563 ) 471,918 (24,173 ) (894,004 ) (675,056 ) (1,593,233 ) Frontier Trading Company XXXIX, LLC — — — — — — — — Total $ (231,843 ) $ 3,047,711 $ (755,002 ) $ 2,060,866 $ (582,800 ) $ 1,919,359 $ (452,160 ) $ 884,399 Equinox Frontier Masters Fund Frontier Trading Company I LLC $ (10,535 ) $ 1,180,694 $ (1,058,847 ) $ 111,312 $ (14,650 ) $ 84,485 $ 656,689 $ 726,524 Frontier Trading Company II LLC (4,942 ) 331,851 (335,234 ) $ (8,325 ) (6,805 ) 841,881 (248,924 ) 586,152 Frontier Trading Company XIV, LLC (28,979 ) 148,053 (801,924 ) (682,850 ) (95,138 ) (433,918 ) 213,162 (315,894 ) Frontier Trading Company XV, LLC (86,516 ) 2,635,986 (1,948,507 ) 600,963 (53,547 ) 805,913 (875,590 ) (123,224 ) Frontier Trading Company XXXVIII, LLC (7,391 ) 333,664 (165,500 ) 160,773 (13,153 ) (497,344 ) (372,146 ) (882,643 ) Total $ (138,363 ) $ 4,630,248 $ (4,310,012 ) $ 181,873 $ (183,293 ) $ 801,017 $ (626,809 ) $ (9,085 ) Equinox Frontier Long/Short Commodity Fund Frontier Trading Company I LLC $ — $ — $ — $ — $ — $ — $ — $ — Frontier Trading Companies VII, LLC (148,403 ) 1,306,637 125,916 1,284,150 (84,192 ) (492,410 ) 202,711 (373,891 ) Frontier Trading Companies XVIII, LLC — — — — — — — — Frontier Trading Companies XXIII, LLC — — — — — — — — Frontier Trading Company XXXVIII, LLC (4,833 ) 276,057 (133,153 ) 138,071 (9,017 ) (338,735 ) (290,717 ) (638,469 ) Total $ (153,236 ) $ 1,582,694 $ (7,237 ) $ 1,422,221 $ (93,209 ) $ (831,145 ) $ (88,006 ) $ (1,012,360 ) Equinox Frontier Balanced Fund Frontier Trading Company I LLC $ (173,656 ) $ 3,024,584 $ 28,819 2,879,747 $ (21,190 ) $ (40,139 ) $ 887,729 826,400 Frontier Trading Company II LLC (10,988 ) 749,066 (720,413 ) 17,665 (12,125 ) 1,514,527 (547,779 ) 954,623 Frontier Trading Company V LLC — — — — — — — — Frontier Trading Company VII, LLC (189,079 ) 646,642 714,340 1,171,903 (237,492 ) (1,772,506 ) 684,757 (1,325,241 ) Frontier Trading Company XIV, LLC — — — — (75,543 ) (1,180,680 ) 610,861 (645,362 ) Frontier Trading Company XV, LLC (124 ) (217,025 ) 217,318 169 (44,315 ) (299,183 ) (581,076 ) (924,574 ) Frontier Trading Company XVI, LLC — — — — — — — — Frontier Trading Company XVIII, LLC — — — — — — — — Frontier Trading Company XXIII, LLC — — — — — — — — Frontier Trading Company XXXVIII, LLC (27,010 ) 1,355,729 (729,990 ) 598,729 (42,486 ) (1,584,456 ) (1,141,801 ) (2,768,743 ) Frontier Trading Company XXXIX, LLC — — — — — — (1,538 ) (1,538 ) Total $ (400,857 ) $ 5,558,996 $ (489,926 ) $ 4,668,213 $ (433,151 ) $ (3,362,437 ) $ (88,847 ) $ (3,884,435 ) Equinox Frontier Select Fund Frontier Trading Company V LLC $ — $ — $ — $ — $ — $ — $ — $ — Frontier Trading Company VI LLC — — — — — — — — Frontier Trading Company XV, LLC — (195 ) 2,173 1,978 (60,926 ) 819,051 (483,409 ) 274,716 Frontier Trading Company XXI, LLC — — — — — — — — Frontier Trading Company XXXVIII, LLC (1,797 ) 64,307 (16,288 ) 46,222 (6,234 ) (227,323 ) (163,164 ) (396,721 ) Frontier Trading Company XXXIX, LLC 127,536 127,536 (1,556 ) — (204,940 ) (206,496 ) Total $ (1,797 ) $ 64,112 $ 113,421 $ 175,736 $ (68,716 ) $ 591,728 $ (851,513 ) $ (328,501 ) Equinox Frontier Winton Fund Frontier Trading Company II LLC $ (28,184 ) $ 1,889,892 $ (1,817,483 ) $ 44,225 $ (27,607 ) $ 3,664,132 $ (917,278 ) $ 2,719,247 Frontier Trading Company XXXVIII ,LLC (15,485 ) 748,101 (394,852 ) $ 337,764 (19,326 ) (670,668 ) (468,437 ) (1,158,431 ) Total $ (43,669 ) $ 2,637,993 $ (2,212,335 ) $ 381,989 $ (46,933 ) $ 2,993,464 $ (1,385,715 ) $ 1,560,816 Equinox Frontier Heritage Fund Frontier Trading Company II LLC $ (5,187 ) $ 380,897 $ (330,929 ) $ 44,781 $ (6,182 ) $ 820,288 $ (205,585 ) $ 608,521 Frontier Trading Company V LLC — — — — — — — — Frontier Trading Company XXXVIII, LLC (3,489 ) 167,362 (86,307 ) 77,566 (5,444 ) (199,276 ) (149,643 ) (354,363 ) Frontier Trading Company XXXIX, LLC — — — — — — — — Total $ (8,676 ) $ 548,259 $ (417,236 ) $ 122,347 $ (11,626 ) $ 621,012 $ (355,228 ) $ 254,158 The statements of financial condition as of June 30, 2015 and December 31, 2014 and the Condensed Statement of Income for the three and six months ended June 30, 2015 and 2014 for the unconsolidated Trading Companies are as follows: Statements of Financial Condition - June 30, 2015 Frontier Trading Frontier Trading Frontier Trading Receivable from commission merchants $ 12,124,771 $ 6,069,994 $ 6,984,925 Open trade equity/(deficit) (278,805 ) 3,259,443 (620,620 ) Interest receivable/(payable) 78 (40 ) 277 Total assets $ 11,846,044 $ 9,329,397 $ 6,364,582 Members’ equity $ 11,846,044 $ 9,329,397 $ 6,364,582 Condensed Statement of Income - For the Three Months Frontier Trading Frontier Trading Frontier Trading Interest income $ (1,243 ) $ 479 $ 707 Net realized gain/(loss) on investments, less (3,431,043 ) (8,596,912 ) (2,837,649 ) Change in open trade equity/(deficit) (955,908 ) 3,773,587 1,391,567 Net income/(loss) $ (4,388,194 ) $ (4,822,846 ) $ (1,445,375 ) Condensed Statement of Income - For the Six Months Frontier Trading Frontier Trading Frontier Trading Interest income $ (1,630 ) $ 589 $ 707 Net realized gain/(loss) on investments, less (3,941,511 ) (5,937,702 ) (3,827,270 ) Change in open trade equity/(deficit) 3,752,063 523,855 1,996,206 Net income/(loss) $ (191,078 ) $ (5,413,258 ) $ (1,830,357 ) Statements of Financial Condition - December 31, 2014 Frontier Trading Frontier Trading Frontier Trading Frontier Trading Frontier Trading Receivable from commission merchants $ $ 18,121,232 $ 1,834,790 $ 11,072,355 $ 4,826,699 Open trade equity/(deficit) 2,937,971 2,107,459 3,617,656 3,510,148 256,729 Interest receivable/(payable) (2,291 ) 607 (160 ) 817 7 Total assets $ $ 20,229,298 $ 5,452,286 $ 14,583,320 $ 5,083,435 Members’ equity $ $ 20,229,298 $ 5,452,286 $ 14,583,320 $ 5,083,435 Condensed Statement of Income - For the Three Months Ended June 30, 2014 Frontier Trading Frontier Trading Frontier Trading Frontier Trading Frontier Trading Interest income $ 12,520 $ (1,560 ) $ 857 $ 2,012 $ 497 Net realized gain/(loss) on investments, less (4,217,338 ) (5,965,412 ) 5,454,372 1,510,226 735,318 Change in open trade equity/(deficit) (312,487 ) 69,697 (1,329,358 ) (1,504,440 ) 431,576 Net income/(loss) $ (4,517,305 ) $ (5,897,275 ) $ 4,125,871 $ 7,798 $ 1,167,391 Condensed Statement of Income - For the Six Months Ended June 30, 2014 Frontier Trading Frontier Trading Frontier Trading Frontier Trading Frontier Trading Interest income $ 12,520 $ (2,520 ) $ 857 $ 2,237 $ 1,916 Net realized gain/(loss) on investments, less (4,217,338 ) (7,909,584 ) 5,454,372 (1,313,834 ) 4,531,142 Change in open trade equity/(deficit) (312,487 ) 2,213,834 (1,329,358 ) 2,737,190 3,263,786 Net income/(loss) $ (4,517,305 ) $ (5,698,270 ) $ 4,125,871 $ 1,425,593 $ 7,796,844 |
Transactions with Affiliates
Transactions with Affiliates | 6 Months Ended |
Jun. 30, 2015 | |
The Series of Equinox Frontier Funds [Member] | |
Transactions with Affiliates | 6. Transactions with Affiliates The Managing Owner contributes funds to the Trust, with respect to the Series, in order to have a 1% interest in the aggregate capital, profits and losses of all Series and in return will receive units designated as general units in the Series in which the Managing Owner invests such funds. The general units may only be purchased by the Managing Owner and may be subject to no advisory fees or advisory fees at reduced rates. Otherwise, the general units hold the same rights as the limited units. The Managing Owner is required to maintain at least a 1% interest (“Minimum Purchase Commitment”) in the aggregate capital, profits and losses of all Series so long as it is acting as the Managing Owner of the Trust. Such contribution was made by the Managing Owner before trading commenced for the Trust and will be maintained throughout the existence of the Trust, and the Managing Owner will make such purchases as are necessary to effect this requirement. Additionally, the Managing Owner agreed with certain regulatory bodies to maintain a 1% interest specifically in the Equinox Frontier Balanced Fund Class 1a and 2a Units, aggregated, and each of the Equinox Frontier Long/Short Commodity Fund, Equinox Frontier Diversified Fund and Equinox Frontier Masters Fund. The 1% interest in these specific Series is included in computing the Minimum Purchase Commitment in aggregate capital. In addition to the general units the Managing Owner receives in respect of its Minimum Purchase Commitment, the Managing Owner may purchase limited units in any Series as a Limited Owner. Principals of the Managing Owner or affiliates are allowed to own beneficial interests in the Trust, with respect to the Series, as well. All Units purchased by the Managing Owner are held for investment purposes only and not for resale. The Managing Owner may make purchases or redemptions at any time on the same terms as any Limited Owner. The Trust has and will continue to have certain relationships with the Managing Owner and its affiliates. Expenses Management Fees— The management fee as a percentage of the applicable series’ net asset value will be greater than the percentage indicated above to the extent that the nominal assets of the series exceeds its net asset value. The managing owner expects that the nominal assets of each series will generally be maintained at a level in excess of the net asset value of such series and such excess may be substantial to the extent the managing owner deems necessary to achieve the desired level of volatility. Trading Fees— Incentive Fees— Service Fees— The following table summarizes fees earned by the Managing Owner for the three and six months ended June 30, 2015 and 2014: Three Months Ended June 30, 2015 Incentive Fee Management Fee Service Fee Trading Equinox Frontier Diversified Fund $ 4,000 $ 243,004 $ 108,250 $ 351,096 Equinox Frontier Masters Fund 41,072 182,496 60,813 147,701 Equinox Frontier Long/Short Commodity Fund 40,149 131,237 29,629 65,150 Equinox Frontier Balanced Fund 9,517 267,377 556,081 194,144 Equinox Frontier Select Fund — 78,206 101,967 28,454 Equinox Frontier Winton Fund — 307,212 198,125 74,984 Equinox Frontier Heritage Fund — 70,986 74,974 25,063 Three Months Ended June 30, 2014 Incentive Fee Management Fee Service Fee Trading Equinox Frontier Diversified Fund $ 954,829 $ 271,073 $ 125,184 $ 307,242 Equinox Frontier Masters Fund 168,094 230,233 76,310 147,195 Equinox Frontier Long/Short Commodity Fund — 223,050 30,304 64,027 Equinox Frontier Balanced Fund 902,054 264,152 492,255 167,758 Equinox Frontier Select Fund 26,677 140,286 97,799 27,150 Equinox Frontier Winton Fund 415,629 287,648 177,981 64,049 Equinox Frontier Heritage Fund 86,999 81,966 65,875 21,279 Six Months Ended June 30, 2015 Incentive Fee Management Fee Service Fee Trading Equinox Frontier Diversified Fund $ 1,638,242 $ 489,308 $ 230,168 $ 721,898 Equinox Frontier Masters Fund 576,374 361,156 125,991 301,334 Equinox Frontier Long/Short Commodity Fund 279,366 254,273 61,529 134,078 Equinox Frontier Balanced Fund 1,496,474 526,972 1,118,882 389,488 Equinox Frontier Select Fund 158,971 158,278 208,868 58,347 Equinox Frontier Winton Fund 715,409 630,317 403,462 151,960 Equinox Frontier Heritage Fund 132,676 148,884 151,991 50,754 Six Months Ended June 30, 2014 Incentive Fee Management Fee Service Fee Trading Equinox Frontier Diversified Fund $ 1,386,913 $ 547,629 $ 273,595 $ 649,807 Equinox Frontier Masters Fund 181,806 507,313 180,593 323,110 Equinox Frontier Long/Short Commodity Fund — 509,680 68,868 146,001 Equinox Frontier Balanced Fund 1,453,340 554,537 1,041,703 355,157 Equinox Frontier Select Fund 26,677 278,724 203,387 56,552 Equinox Frontier Winton Fund 415,629 568,021 360,945 128,644 Equinox Frontier Heritage Fund 86,999 161,975 138,600 44,378 The following table summarizes fees payable to the Managing Owner as of June 30, 2015 and December 31, 2014: As of June 30, 2015 Incentive Fees Management Fees Interest Fees Service Fees Trading Fees Equinox Frontier Diversified Fund $ 4,000 $ 83,476 $ 15,798 $ 36,650 $ 124,327 Equinox Frontier Masters Fund 41,071 60,312 5,738 15,452 50,813 Equinox Frontier Long/Short Commodity Fund 40,149 45,710 3,616 9,149 21,626 Equinox Frontier Balanced Fund 9,517 91,646 101,040 156,201 65,193 Equinox Frontier Select Fund — 26,065 6,451 29,617 9,285 Equinox Frontier Winton Fund — 102,252 61,319 46,288 24,963 Equinox Frontier Heritage Fund — 23,699 13,738 19,744 8,305 As of December 31, 2014 Incentive Fees Management Fees Interest Fees Service Fees Trading Fees Equinox Frontier Diversified Fund $ 2,387,825 $ 86,486 $ 16,168 $ 34,905 $ 132,984 Equinox Frontier Masters Fund 722,043 64,497 6,898 17,260 55,912 Equinox Frontier Long/Short Commodity Fund 158,660 45,361 3,713 10,562 24,436 Equinox Frontier Balanced Fund 1,793,318 101,208 84,976 167,151 66,037 Equinox Frontier Select Fund 185,791 27,835 13,263 32,520 10,119 Equinox Frontier Winton Fund 1,178,364 114,823 63,722 52,753 26,690 Equinox Frontier Heritage Fund 239,327 27,944 14,543 20,964 8,676 With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed therefore by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk and the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. For the six months ended June 30, 2015, amounts paid or owed to the Managing Owner for the difference in monthly service fees from prepaid initial service fees were $4,500 for the Equinox Frontier Balanced Fund, $530 for the Equinox Frontier Long/Short Commodity Fund, $1,173 for the Equinox Frontier Diversified Fund, $211 for the Equinox Frontier Select Fund, $595 for the Equinox Frontier Heritage Fund, $7,984 for the Equinox Frontier Winton Fund and $74 for the Equinox Frontier Masters Fund. For the six months ended June 30, 2014, amounts paid or owed to the Managing Owner for the difference in monthly service fees from prepaid initial service fees were ($2,936) for the Equinox Frontier Balanced Fund, $21 for the Equinox Frontier Long/Short Commodity Fund, ($2,476) for the Equinox Frontier Diversified Fund, ($160) for the Equinox Frontier Select Fund, ($1,171) for the Equinox Frontier Heritage Fund, ($3,280) for the Equinox Frontier Winton Fund and $1,264 for the Equinox Frontier Masters Fund. Aggregate interest income from all sources, including U.S. Treasury Securities assets net of premiums and cash held at clearing brokers, of up to the first 2% (annualized) is paid to the Managing Owner by the Equinox Frontier Balanced Fund (Class 1, and Class 2 only), Equinox Frontier Winton Fund, Equinox Frontier Select Fund, and Equinox Frontier Heritage Fund. For the Equinox Frontier Diversified Fund, Equinox Frontier Long/Short Commodity Fund, Equinox Frontier Masters Fund, and Equinox Frontier Balanced Fund (Class 1a and Class 2a only), 20% of the total interest allocated to each Series is paid to the Managing Owner. The following table outlines the interest paid by each Series to the Managing Owner and its ratio to average net assets for the three and six months ended June 30, 2015 and 2014: Three Months Ended 6/30/2015 6/30/2014 6/30/2015 6/30/2014 Gross Amount Gross Amount Ratio to Ratio to Equinox Frontier Diversified Fund Class 1 $ 11,399 $ 13,962 0.06 % 0.07 % Equinox Frontier Diversified Fund Class 2 22,235 19,214 0.06 % 0.07 % Equinox Frontier Diversified Fund Class 3 5,152 699 0.07 % 0.06 % Equinox Frontier Masters Fund Class 1 7,621 10,192 0.07 % 0.07 % Equinox Frontier Masters Fund Class 2 6,063 6,395 0.07 % 0.07 % Equinox Frontier Masters Fund Class 3 3,480 1,270 0.07 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 2 801 860 0.06 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 3 4,837 5,172 0.06 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 1a 3,600 4,191 0.06 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 2a 1,075 1,393 0.06 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 3a 469 286 0.06 % 0.07 % Equinox Frontier Balanced Fund Class 1 224,354 214,182 0.30 % 0.33 % Equinox Frontier Balanced Fund Class 1AP 2,435 N/A 0.01 % N/A Equinox Frontier Balanced Fund Class 2 76,515 69,432 0.30 % 0.33 % Equinox Frontier Balanced Fund Class 2a 358 309 0.06 % 0.07 % Equinox Frontier Balanced Fund Class 3a 1,642 1,355 0.06 % 0.07 % Equinox Frontier Select Fund Class 1 17,252 39,857 0.12 % 0.31 % Equinox Frontier Select Fund Class 1AP 64 N/A 0.00 % N/A Equinox Frontier Select Fund Class 2 1,941 4,400 0.12 % 0.31 % Equinox Frontier Winton Fund Class 1 119,313 101,949 0.44 % 0.43 % Equinox Frontier Winton Fund Class 1AP 177 N/A 0.00 % N/A Equinox Frontier Winton Fund Class 2 42,458 44,763 0.31 % 0.43 % Equinox Frontier Heritage Fund Class 1 30,474 30,529 0.30 % 0.35 % Equinox Frontier Heritage Fund Class 1AP 193 N/A 0.01 % N/A Equinox Frontier Heritage Fund Class 2 10,079 8,905 0.30 % 0.35 % Total $ 593,987 $ 579,315 Six Months Ended 6/30/2015 6/30/2014 6/30/2015 6/30/2014 Gross Amount Gross Amount Ratio to Ratio to Equinox Frontier Diversified Fund Class 1 $ 24,840 $ 32,290 0.13 % 0.15 % Equinox Frontier Diversified Fund Class 2 46,546 41,944 0.13 % 0.14 % Equinox Frontier Diversified Fund Class 3 9,714 860 0.13 % 0.08 % Equinox Frontier Masters Fund Class 1 15,782 25,974 0.14 % 0.18 % Equinox Frontier Masters Fund Class 2 12,344 14,025 0.14 % 0.16 % Equinox Frontier Masters Fund Class 3 6,829 1,677 0.14 % 0.09 % Equinox Frontier Long/Short Commodity Fund Class 2 1,696 2,856 0.13 % 0.24 % Equinox Frontier Long/Short Commodity Fund Class 3 10,011 12,025 0.13 % 0.17 % Equinox Frontier Long/Short Commodity Fund Class 1a 7,628 10,200 0.13 % 0.18 % Equinox Frontier Long/Short Commodity Fund Class 2a 2,263 3,544 0.13 % 0.18 % Equinox Frontier Long/Short Commodity Fund Class 3a 949 588 0.13 % 0.15 % Equinox Frontier Balanced Fund Class 1 430,704 479,990 0.57 % 0.73 % Equinox Frontier Balanced Fund Class 1AP 4,627 N/A 0.02 % N/A Equinox Frontier Balanced Fund Class 2 145,522 156,628 0.57 % 0.74 % Equinox Frontier Balanced Fund Class 2a 680 650 0.12 % 0.14 % Equinox Frontier Balanced Fund Class 3a 3,118 2,939 0.11 % 0.14 % Equinox Frontier Select Fund Class 1 41,323 89,879 0.29 % 0.69 % Equinox Frontier Select Fund Class 1AP 149 N/A 0.00 % N/A Equinox Frontier Select Fund Class 2 4,702 10,092 0.29 % 0.70 % Equinox Frontier Winton Fund Class 1 241,720 213,976 0.89 % 0.90 % Equinox Frontier Winton Fund Class 1AP 354 N/A 0.01 % N/A Equinox Frontier Winton Fund Class 2 103,429 90,922 0.76 % 0.87 % Equinox Frontier Heritage Fund Class 1 61,466 67,699 0.60 % 0.77 % Equinox Frontier Heritage Fund Class 1AP 381 N/A 0.01 % N/A Equinox Frontier Heritage Fund Class 2 20,247 18,948 0.60 % 0.74 % Total $ 1,197,024 $ 1,277,706 The Managing Owner, under an amended contract, paid to The Bornhoft Group Corporation, an affiliate of the Trust, an annual payment of $1,100,000 for the first year of the contract and $600,000 for the second year of the contract, and $300,000 for the third and final year for investment and advisor services and 0.1% annually thereafter of the trading level with the Equinox Frontier Balanced Fund in lieu of a monthly service fee. The Managing Owner paid $139,848 and $221,095 under this agreement for the three months ended June 30, 2015 and 2014, respectively. These amounts have no impact on the Series’ financial statements. This contract ended April 30, 2015. Equinox Financial Group, LLC, an affiliate of the Trust, provides management services for the Managing Owner who paid $730,000 and $241,667 for the six months ended June 30, 2015 and 2014, and $425,000 and $91,667 for the three months ended June 30, 2014, respectively. These amounts have no impact on the Series’ financial statements. Solon Capital, LLC, an affiliate of the Trust, provides product development and marketing services. For these services, the Managing Owner paid Solon Capital, LLC, $623,715 and $581,681, respectively, for the six months ended June 30, 2015 and 2014 and $307,442 and $272,694 for the three months ended June 30, 2015 and 2014, respectively. These amounts have no impact on the Series’ financial statements. Equinox Group Distributors LLC, an affiliate under common control of the Managing Owner, serves as wholesaler of the Trust by marketing to broker/dealer organizations. |
Equinox Frontier Funds [Member] | |
Transactions with Affiliates | 5. Transactions with Affiliates The Managing Owner contributes funds to the Trust in order to have a 1% interest in the aggregate capital, profits and losses and in return will receive units designated as general units in the Series of the Trust in which the Managing Owner invests such funds. The general units may only be purchased by the Managing Owner and may be subject to no advisory fees or management advisory fees at reduced rates. Otherwise, the general units hold the same rights as the limited units. The Managing Owner is required to maintain at least a 1% interest (“Minimum Purchase Commitment”) in the aggregate capital, profits and losses of the Trust so long as it is acting as the Managing Owner of the Trust. Such contribution was made by the Managing Owner before trading commenced for the Trust and will be maintained throughout the existence of the Trust, and the Managing Owner will make such purchases as are necessary to effect this requirement. Additionally, the Managing Owner agreed with certain regulatory bodies to maintain a 1% interest specifically in the Equinox Frontier Balanced Fund Class 1a Units and Equinox Frontier Balanced Fund Class 2a Units, aggregated, and each of the Equinox Frontier Long/Short Commodity Fund, Equinox Frontier Diversified Fund, and Equinox Frontier Masters Fund. The 1% interest in these specific Series of the Trust is included in computing the Minimum Purchase Commitment in aggregate capital. In addition to the general units the Managing Owner receives in respect of its Minimum Purchase Commitment, the Managing Owner may purchase limited units in any Series as a Limited Owner. Principals of the Managing Owner or affiliates are allowed to own beneficial interests in the Trust, as well. All units purchased by the Managing Owner are held for investment purposes only and not for resale. The Managing Owner may make purchases or redemptions at any time on the same terms as any Limited Owner. The Trust has and will continue to have certain relationships with the Managing Owner and its affiliates. Expenses Management Fees— The management fee as a percentage of the applicable series’ net asset value will be greater than the percentage indicated above to the extent that the nominal assets of the series exceeds its net asset value. The managing owner expects that the nominal assets of each series will generally be maintained at a level in excess of the net asset value of such series and such excess may be substantial to the extent the managing owner deems necessary to achieve the desired level of volatility. Trading Fees— Incentive Fees— Service Fees— As of June 30, 2015, the Trust has a payable to the Managing Owner in the amounts of $94,737, $433,161, $207,941, $304,512 and $313,101 for incentive fees, management fees, interest, trading fees, and service fees, respectively. As of December 31, 2014, the Trust has a payable to the Managing Owner in the amounts of $6,665,328, $468,154, $203,086, $324,854, and $336,115 for incentive fees, management fees, interest, trading fees, and service fees, respectively. For the three months ended June 30, 2015, the Trust paid the Managing Owner $94,738, $1,280,518, $1,129,839 and $886,592 for incentive fees, management fees, service fees, and trading fees, respectively. For the three months ended June 30, 2014, the Trust paid the Managing Owner $2,554,722, $1,498,648, $1,065,882 and $798,997 for incentive fees, management fees, service fees, and trading fees, respectively. For the six months ended June 30, 2015, the Trust paid the Managing Owner $4,997,512, $2,569,188, $2,300,891 and $1,807,859 for incentive fees, management fees, service fees, and trading fees, respectively. For the six months ended June 30, 2014, the Trust paid the Managing Owner $3,552,049, $3,128,333, $2,268,039, and $1,704,117 for incentive fees, management fees, service fees, and trading fees, respectively. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed therefore by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk and enjoys the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. For the three months ended June 30, 2015 and 2014 amounts received or receivable from the Managing Owner for the difference in monthly service fees from the prepaid initial service fees were $14,977 and ($7,682), respectively. Aggregate interest income from all sources, including assets held at clearing brokers, up to 2% (annualized) is paid to the Managing Owner by the Equinox Frontier Balanced Fund (Class 1 and Class 2 only), Equinox Frontier Winton Fund, Equinox Frontier Select Fund and Equinox Frontier Heritage Fund. For the Equinox Frontier Diversified Fund, Equinox Frontier Long/Short Commodity Fund, Equinox Frontier Masters Fund, and Equinox Frontier Balanced Fund (Class 1a and Class 2a only), 20% of the total interest allocated to each Series is paid to the Managing Owner. During the three months ended June 30, 2015 and 2014, the Trust paid $593,987 and $579,315, respectively, and $1,197,024 and $1,277,706 for the six months ended June 30, 2015 and 2014, respectively of such interest income to the Managing Owner. Such amounts are not included in the consolidated statements of operations of the Trust. All other interest income is recorded by the Trust on the consolidated statements of operations. The Managing Owner, under an amended contract, paid to The Bornhoft Group Corporation, an affiliate of the Trust, an annual payment of $1,100,000 for the first year of the contract and $600,000 for the second year of the contract, and $300,000 for the third and final year for investment and advisor services and 0.1% annually thereafter of the trading level with the Equinox Frontier Balanced Fund in lieu of a monthly service fee. The Managing Owner paid $139,848 and $221,095, respectively under this agreement for the three months ended June 30, 2015 and 2014, respectively. These amounts have no impact on the Series’ financial statements. This contract ended April 30, 2015. Equinox Financial Group, LLC, an affiliate of the Trust, provides management services for the Managing Owner who paid $730,000 and $241,667, respectively, for the six months ended June 30, 2015 and 2014, and $425,000 and $91,667 for the three months ended June 30, 2014, respectively. These amounts have no impact on the Series’ financial statements. Solon Capital, LLC, an affiliate of the Trust, provides product development and marketing services. For these services, the Managing Owner paid Solon Capital, LLC, $623,715 and $581,681, respectively, for the six months ended June 30, 2015 and 2014 and $307,442 and $272,694 for the three months ended June 30, 2015 and 2014, respectively. These amounts have no impact on the Series’ financial statements. Equinox Group Distributors LLC, an affiliate under common control of the Managing Owner, serves as wholesaler of the Trust by marketing to broker/dealer organizations. |
Financial Highlights
Financial Highlights | 6 Months Ended |
Jun. 30, 2015 | |
The Series of Equinox Frontier Funds [Member] | |
Financial Highlights | 7. Financial Highlights The following information presents the financial highlights of the Trust, with respect to the Series, for the three and six months ended June 30, 2015 and 2014. Equinox Frontier Diversified Fund Equinox Frontier Masters Fund Equinox Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 3 Class 1a Class 2a Class 3a Per unit operating performance (1) Net asset value, March 31, 2015 $ 131.66 $ 145.76 $ 134.57 $ 128.38 $ 142.12 $ 131.73 $ 166.20 $ 166.06 $ 120.70 $ 133.49 $ 134.09 Net operating results: Interest income 0.32 0.36 0.33 0.33 0.36 0.34 0.39 0.39 0.28 0.31 0.31 Expenses (2.02 ) (1.39 ) (1.28 ) (2.44 ) (1.97 ) (1.82 ) (2.12 ) (2.12 ) (2.11 ) (1.70 ) (1.71 ) Net gain/(loss) on investments, net of non-controlling interests (14.41 ) (16.24 ) (14.92 ) (16.26 ) (18.19 ) (16.80 ) (16.31 ) (16.13 ) (11.70 ) (13.07 ) (13.05 ) Net income/(loss) (16.11 ) (17.27 ) (15.87 ) (18.37 ) (19.80 ) (18.28 ) (18.04 ) (17.86 ) (13.53 ) (14.46 ) (14.45 ) Net asset value, June 30, 2015 $ 115.55 $ 128.49 $ 118.70 $ 110.01 $ 122.32 $ 113.45 $ 148.16 $ 148.20 $ 107.17 $ 119.03 $ 119.64 Ratios to average net assets (3) Net investment income/(loss) -5.46 % -2.97 % -2.97 % -6.56 % -4.36 % -4.36 % -3.82 % -3.82 % -5.89 % -3.82 % -3.79 % Expenses before incentive fees (4) 6.50 % 4.01 % 4.01 % 7.50 % 5.30 % 5.30 % 4.59 % 4.59 % 6.67 % 4.59 % 4.55 % Expenses after incentive fees (4) 6.51 % 4.02 % 4.02 % 7.67 % 5.46 % 5.46 % 4.83 % 4.83 % 6.90 % 4.83 % 4.80 % Total return before incentive fees (2) -12.23 % -11.84 % -11.79 % -14.14 % -13.77 % -13.71 % -10.62 % -10.52 % -10.98 % -10.60 % -10.53 % Total return after incentive fees (2) -12.24 % -11.85 % -11.79 % -14.31 % -13.93 % -13.88 % -10.85 % -10.76 % -11.21 % -10.83 % -10.78 % Equinox Frontier Balanced Fund Equinox Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, March 31, 2015 $ 148.80 $ 151.80 $ 204.17 $ 174.76 $ 174.19 $ 106.16 $ 108.31 $ 143.73 Net operating results: Interest income 0.01 0.01 0.02 0.01 0.01 0.00 0.00 0.00 Expenses (1.71 ) (0.66 ) (0.89 ) (0.76 ) (0.76 ) (1.42 ) (0.70 ) (0.93 ) Net gain/(loss) on investments, net of non-controlling interests (15.28 ) (15.66 ) (21.06 ) (17.65 ) (17.59 ) (17.43 ) (17.87 ) (23.71 ) Net income/(loss) (16.98 ) (16.31 ) (21.93 ) (18.40 ) (18.34 ) (18.85 ) (18.57 ) (24.64 ) Net asset value, June 30, 2015 $ 131.82 $ 135.49 $ 182.24 $ 156.36 $ 155.85 $ 87.31 $ 89.74 $ 119.09 Ratios to average net assets (3) Net investment income/(loss) -4.76 % -1.76 % -1.76 % -1.76 % -1.76 % -5.81 % -2.81 % -2.81 % Expenses before incentive fees (4) 4.78 % 1.78 % 1.78 % 1.78 % 1.78 % 5.81 % 2.81 % 2.81 % Expenses after incentive fees (4) 4.79 % 1.79 % 1.79 % 1.79 % 1.79 % 5.81 % 2.81 % 2.81 % Total return before incentive fees (2) -11.40 % -10.74 % -10.73 % -10.52 % -10.52 % -17.76 % -17.15 % -17.14 % Total return after incentive fees (2) -11.41 % -10.74 % -10.74 % -10.53 % -10.53 % -17.76 % -17.15 % -17.14 % Equinox Frontier Winton Fund Equinox Frontier Heritage Fund Class 1 Class 1AP Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, March 31, 2015 $ 191.90 $ 195.77 $ 248.56 $ 147.87 $ 150.86 $ 201.89 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (3.06 ) (1.76 ) (2.23 ) (2.01 ) (1.01 ) (1.35 ) Net gain/(loss) on investments, net of non-controlling interests (22.99 ) (23.55 ) (29.90 ) (19.76 ) (20.24 ) (27.09 ) Net income/(loss) (26.05 ) (25.31 ) (32.13 ) (21.77 ) (21.25 ) (28.44 ) Net asset value, June 30, 2015 $ 165.85 $ 170.46 $ 216.43 $ 126.10 $ 129.61 $ 173.45 Ratios to average net assets (3) Net investment income/(loss) -6.83 % -3.82 % -3.82 % -5.88 % -2.88 % -2.88 % Expenses before incentive fees (4) 6.83 % 3.82 % 3.82 % 5.88 % 2.88 % 2.88 % Expenses after incentive fees (4) 6.83 % 3.82 % 3.82 % 5.88 % 2.88 % 2.88 % Total return before incentive fees (2) -13.57 % -12.93 % -12.93 % -14.72 % -14.09 % -14.09 % Total return after incentive fees (2) -13.57 % -12.93 % -12.93 % -14.72 % -14.09 % -14.09 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. Equinox Frontier Diversified Fund Equinox Frontier Masters Fund Equinox Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 3 Class 1a Class 2a Class 3a Per unit operating performance (1) Net asset value, December 31, 2014 $ 113.09 $ 124.67 $ 115.03 $ 116.61 $ 128.53 $ 119.06 $ 138.30 $ 138.34 $ 101.12 $ 111.35 $ 111.77 Net operating results: Interest income 0.66 0.73 0.68 0.67 0.74 0.68 0.79 0.79 0.58 0.64 0.64 Expenses (7.34 ) (6.43 ) (5.94 ) (7.24 ) (6.53 ) (6.03 ) (5.86 ) (5.86 ) (5.42 ) (4.71 ) (4.73 ) Net gain/(loss) on investments, net of non-controlling interests 9.13 9.51 8.93 (0.03 ) (0.42 ) (0.26 ) 14.93 14.93 10.90 11.76 11.96 Net income/(loss) 2.46 3.82 3.67 (6.60 ) (6.21 ) (5.61 ) 9.86 9.86 6.05 7.68 7.87 Net asset value, June 30, 2015 $ 115.55 $ 128.49 $ 118.70 $ 110.01 $ 122.32 $ 113.45 $ 148.16 $ 148.20 $ 107.17 $ 119.03 $ 119.64 Ratios to average net assets (3) Net investment income/(loss) -8.11 % -5.63 % -5.63 % -8.60 % -6.39 % -6.39 % -5.01 % -5.01 % -7.10 % -5.01 % -4.94 % Expenses before incentive fees (4) 6.49 % 4.01 % 4.01 % 7.45 % 5.24 % 5.24 % 4.45 % 4.45 % 6.54 % 4.45 % 4.31 % Expenses after incentive fees (4) 9.18 % 6.70 % 6.70 % 9.71 % 7.49 % 7.49 % 6.04 % 6.04 % 8.13 % 6.04 % 5.97 % Total return before incentive fees (2) 4.86 % 5.75 % 5.88 % -3.40 % -2.57 % -2.45 % 8.72 % 8.72 % 7.57 % 8.49 % 8.70 % Total return after incentive fees (2) 2.18 % 3.06 % 3.19 % -5.66 % -4.83 % -4.71 % 7.13 % 7.13 % 5.98 % 6.90 % 7.04 % Equinox Frontier Balanced Fund Equinox Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2014 $ 131.54 $ 133.20 $ 179.16 $ 153.02 $ 152.52 $ 95.61 $ 96.82 $ 128.48 Net operating results: Interest income 0.02 0.02 0.03 0.02 0.02 0.00 0.00 0.00 Expenses (5.40 ) (3.35 ) (4.51 ) (3.86 ) (3.84 ) (3.89 ) (2.44 ) (3.24 ) Net gain/(loss) on investments, net of non-controlling interests 5.66 5.62 7.56 7.17 7.15 (4.41 ) (4.64 ) (6.15 ) Net income/(loss) 0.28 2.29 3.08 3.34 3.33 (8.30 ) (7.08 ) (9.39 ) Net asset value, June 30, 2015 $ 131.82 $ 135.49 $ 182.24 $ 156.36 $ 155.85 $ 87.31 $ 89.74 $ 119.09 Ratios to average net assets (3) Net investment income/(loss) -6.18 % -3.17 % -3.17 % -3.17 % -3.17 % -6.80 % -3.80 % -3.80 % Expenses before incentive fees (4) 4.78 % 1.77 % 1.77 % 1.77 % 1.77 % 5.79 % 2.79 % 2.79 % Expenses after incentive fees (4) 6.21 % 3.20 % 3.20 % 3.20 % 3.20 % 6.80 % 3.80 % 3.80 % Total return before incentive fees (2) 1.65 % 3.15 % 3.15 % 3.62 % 3.62 % -7.67 % -6.30 % -6.29 % Total return after incentive fees (2) 0.21 % 1.72 % 1.72 % 2.18 % 2.18 % -8.68 % -7.31 % -7.31 % Equinox Frontier Winton Fund Equinox Frontier Heritage Fund Class 1 Class 1AP Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2014 $ 175.95 $ 178.18 $ 226.23 $ 130.28 $ 131.93 $ 176.56 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (9.39 ) (6.81 ) (8.65 ) (5.46 ) (3.45 ) (4.62 ) Net gain/(loss) on investments, net of non-controlling interests (0.71 ) (0.91 ) (1.15 ) 1.28 1.13 1.51 Net income/(loss) (10.10 ) (7.72 ) (9.80 ) (4.18 ) (2.32 ) (3.11 ) Net asset value, June 30, 2015 $ 165.85 $ 170.46 $ 216.43 $ 126.10 $ 129.61 $ 173.45 Ratios to average net assets (3) Net investment income/(loss) -8.62 % -5.62 % -5.62 % -6.94 % -3.93 % -3.93 % Expenses before incentive fees (4) 6.87 % 3.86 % 3.86 % 5.96 % 2.96 % 2.96 % Expenses after incentive fees (4) 8.62 % 5.62 % 5.62 % 6.94 % 3.93 % 3.93 % Total return before incentive fees (2) -3.99 % -2.58 % -2.58 % -2.23 % -0.78 % -0.79 % Total return after incentive fees (2) -5.74 % -4.33 % -4.33 % -3.21 % -1.76 % -1.76 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. Equinox Frontier Diversified Fund (5) Equinox Frontier Masters Fund Equinox Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 3 Class 1a Class 2a Class 3a Per unit operating performance (1) Net asset value, March 31, 2014 $ 82.77 $ 90.05 $ 82.92 $ 87.30 $ 94.96 $ 87.80 $ 111.48 $ 111.51 $ 82.42 $ 89.56 $ 89.74 Net operating results: Interest income 0.22 0.24 0.22 0.25 0.28 0.26 0.32 0.32 0.24 0.26 0.26 Expenses (2.93 ) (2.66 ) (2.46 ) (2.42 ) (2.12 ) (1.97 ) (1.95 ) (1.95 ) (1.87 ) (1.57 ) (1.57 ) Net gain/(loss) on investments, net of non-controlling interests 6.71 7.18 6.69 7.84 8.45 7.88 2.32 2.32 1.97 2.07 2.13 Net income/(loss) 4.00 4.76 4.45 5.67 6.61 6.17 0.69 0.69 0.34 0.76 0.82 Net asset value, June 30, 2014 $ 86.77 $ 94.81 $ 87.37 $ 92.97 $ 101.57 $ 93.97 $ 112.17 $ 112.20 $ 82.76 $ 90.32 $ 90.56 Ratios to average net assets (3) Net investment income/(loss) -7.61 % -5.26 % -5.26 % -7.78 % -5.61 % -5.61 % -5.80 % -5.80 % -7.89 % -5.80 % -5.80 % Expenses before incentive fees (4) 6.82 % 4.47 % 4.47 % 8.26 % 6.09 % 6.09 % 6.96 % 6.96 % 9.04 % 6.96 % 6.96 % Expenses after incentive fees (4) 8.65 % 6.31 % 4.47 % 8.93 % 6.77 % 6.09 % 6.96 % 6.96 % 9.04 % 6.96 % 6.96 % Total return before incentive fees (2) 6.67 % 7.12 % 5.37 % 7.17 % 7.64 % 7.03 % 0.62 % 0.62 % 0.41 % 0.85 % 0.91 % Total return after incentive fees (2) 4.83 % 5.29 % 5.37 % 6.49 % 6.96 % 7.03 % 0.62 % 0.62 % 0.41 % 0.85 % 0.91 % Equinox Frontier Balanced Fund Equinox Frontier Select Fund Class 1 Class 2 Class 2a Class 3a Class 1 Class 2 Per unit operating performance (1) Net asset value, March 31, 2014 $ 101.99 $ 135.81 $ 115.17 $ 114.80 $ 75.01 $ 98.55 Net operating results: Interest income 0.01 0.01 0.01 0.01 0.00 0.00 Expenses (2.27 ) (2.02 ) (1.72 ) (1.71 ) (1.58 ) (1.34 ) Net gain/(loss) on investments, net of non-controlling interests 4.13 5.55 5.02 4.99 4.80 6.35 Net income/(loss) 1.87 3.54 3.31 3.29 3.22 5.01 Net asset value, June 30, 2014 $ 103.86 $ 139.35 $ 118.48 $ 118.09 $ 78.23 $ 103.56 Ratios to average net assets (3) Net investment income/(loss) -5.91 % -2.91 % -2.91 % -2.91 % -7.82 % -4.81 % Expenses before incentive fees (4) 4.94 % 1.93 % 1.93 % 1.93 % 7.63 % 4.63 % Expenses after incentive fees (4) 5.94 % 2.94 % 2.94 % 2.94 % 7.82 % 4.81 % Total return before incentive fees (2) 2.84 % 3.61 % 3.88 % 3.87 % 4.48 % 5.27 % Total return after incentive fees (2) 1.83 % 2.61 % 2.87 % 2.87 % 4.29 % 5.08 % Equinox Frontier Winton Fund Equinox Frontier Heritage Fund Class 1 Class 2 Class 1 Class 2 Per unit operating performance (1) Net asset value, March 31, 2014 $ 136.93 $ 172.12 $ 95.41 $ 126.41 Net operating results: Interest income 0.00 0.00 0.00 0.00 Expenses (4.21 ) (3.98 ) (2.38 ) (2.19 ) Net gain/(loss) on investments, net of non-controlling interests 12.35 15.58 9.55 12.71 Net income/(loss) 8.14 11.60 7.17 10.52 Net asset value, June 30, 2014 $ 145.07 $ 183.72 $ 102.58 $ 136.93 Ratios to average net assets (3) Net investment income/(loss) -8.34 % -5.34 % -7.41 % -4.41 % Expenses before incentive fees (4) 7.13 % 4.12 % 6.65 % 3.64 % Expenses after incentive fees (4) 8.34 % 5.34 % 7.41 % 4.41 % Total return before incentive fees (2) 7.16 % 7.95 % 8.28 % 9.09 % Total return after incentive fees (2) 5.94 % 6.74 % 7.51 % 8.32 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. (5) Class 3 began operations on February 24, 2014. Equinox Frontier Diversified Fund (5) Equinox Frontier Masters Fund Equinox Frontier Long/Short Commodity Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 3 Class 1a Class 2a Class 3a Per unit operating performance (1) Net asset value, December 31, 2013 $ 87.10 $ 94.35 $ 84.21 $ 91.83 $ 99.46 $ 91.91 $ 125.26 $ 125.30 $ 92.73 $ 100.34 $ 100.47 Net operating results: Interest income 0.45 0.49 0.45 0.53 0.58 0.54 0.71 0.71 0.52 0.57 0.57 Expenses (4.84 ) (4.22 ) (3.88 ) (4.17 ) (3.53 ) (3.30 ) (4.01 ) (3.97 ) (3.82 ) (3.20 ) (3.18 ) Net gain/(loss) on investments, net of non-controlling interests 4.06 4.19 6.59 4.78 5.06 4.82 (9.79 ) (9.84 ) (6.67 ) (7.39 ) (7.30 ) Net income/(loss) (0.33 ) 0.46 3.16 1.14 2.11 2.06 (13.09 ) (13.10 ) (9.97 ) (10.02 ) (9.91 ) Net asset value, June 30, 2014 $ 86.77 $ 94.81 $ 87.37 $ 92.97 $ 101.57 $ 93.97 $ 112.17 $ 112.20 $ 82.76 $ 90.32 $ 90.56 Ratios to average net assets (3) Net investment income/(loss) -8.08 % -5.75 % -5.75 % -7.67 % -5.53 % -5.53 % -5.71 % -5.71 % -7.79 % -5.71 % -5.71 % Expenses before incentive fees (4) 6.67 % 4.35 % 22.48 % 8.23 % 6.10 % 6.10 % 6.94 % 6.94 % 9.03 % 6.94 % 6.94 % Expenses after incentive fees (4) 9.17 % 6.84 % 22.48 % 8.90 % 6.76 % 6.10 % 6.94 % 6.94 % 9.03 % 6.94 % 6.94 % Total return before incentive fees (2) 2.12 % 2.98 % 3.75 % 1.90 % 2.78 % 2.24 % -10.45 % -10.45 % -10.75 % -9.99 % -9.86 % Total return after incentive fees (2) -0.38 % 0.49 % 3.75 % 1.24 % 2.12 % 2.24 % -10.45 % -10.45 % -10.75 % -9.99 % -9.86 % Equinox Frontier Balanced Fund Equinox Frontier Select Fund Class 1 Class 2 Class 2a Class 3a Class 1 Class 2 Per unit operating performance (1) Net asset value, December 31, 2013 $ 106.29 $ 140.49 $ 118.80 $ 118.41 $ 79.86 $ 104.14 Net operating results: Interest income 0.02 0.02 0.02 0.02 0.00 0.00 Expenses (4.05 ) (3.37 ) (2.86 ) (2.85 ) (2.93 ) (2.37 ) Net gain/(loss) on investments, net of non-controlling interests 1.60 2.21 2.52 2.51 1.30 1.79 Net income/(loss) (2.43 ) (1.14 ) (0.32 ) (0.32 ) (1.63 ) (0.58 ) Net asset value, June 30, 2014 $ 103.86 $ 139.35 $ 118.48 $ 118.09 $ 78.23 $ 103.56 Ratios to average net assets (3) Net investment income/(loss) -6.41 % -3.41 % -3.41 % -3.41 % -7.62 % -4.62 % Expenses before incentive fees (4) 4.92 % 1.92 % 1.92 % 1.92 % 7.45 % 4.45 % Expenses after incentive fees (4) 6.45 % 3.44 % 3.44 % 3.44 % 7.62 % 4.62 % Total return before incentive fees (2) -0.76 % 0.71 % 1.25 % 1.25 % -1.87 % -0.38 % Total return after incentive fees (2) -2.29 % -0.81 % -0.27 % -0.27 % -2.04 % -0.56 % Equinox Frontier Winton Fund Equinox Frontier Heritage Fund Class 1 Class 2 Class 1 Class 2 Per unit operating performance (1) Net asset value, December 31, 2013 $ 139.59 $ 174.17 $ 102.05 $ 134.21 Net operating results: Interest income 0.00 0.00 0.00 0.00 Expenses (6.51 ) (5.60 ) (3.85 ) (3.18 ) Net gain/(loss) on investments, net of non-controlling interests 11.99 15.15 4.38 5.90 Net income/(loss) 5.48 9.55 0.53 2.72 Net asset value, June 30, 2014 $ 145.07 $ 183.72 $ 102.58 $ 136.93 Ratios to average net assets (3) Net investment income/(loss) -8.27 % -5.27 % -7.22 % -4.22 % Expenses before incentive fees (4) 7.06 % 4.06 % 6.49 % 3.49 % Expenses after incentive fees (4) 8.27 % 5.27 % 7.22 % 4.22 % Total return before incentive fees (2) 5.13 % 6.69 % 1.25 % 2.76 % Total return after incentive fees (2) 3.93 % 5.48 % 0.52 % 2.03 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. (5) Class 3 began operations on February 24, 2014. |
Equinox Frontier Funds [Member] | |
Financial Highlights | 6. Financial Highlights The following information presents the financial highlights of the Trust for the three and six months ended June 30, 2015 and 2014. This data has been derived from the information presented in the consolidated financial statements. Three months ended 2015 2014 Ratios to average net assets (1) Net investment gain/(loss) (1) -4.48 % -6.06 % Expenses before incentive fees (3) 4.85 % 5.45 % Expenses after incentive fees (3) 4.89 % 6.49 % Total return before incentive fees (2) -13.25 % 4.84 % Total return after incentive fees (2) -13.28 % 3.81 % Six months ended 2015 2014 Ratios to average net assets (1) Net investment gain/(loss) (1) -6.37 % -6.28 % Expenses before incentive fees (3) 4.95 % 5.40 % Expenses after incentive fees (3) 6.79 % 6.74 % Total return before incentive fees (2) 1.27 % -0.31 % Total return after incentive fees (2) -0.57 % -1.65 % (1) Annualized with the exception of incentive fees. (2) Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Consolidated Statements of Operations of the Trust. See footnote 5. The Trust financial highlights are calculated based upon the Trust’s consolidated financial statements. The consolidated Trust does not issue units and therefore the financial highlights do not disclose any unitized data. |
Derivative Instruments and Hedg
Derivative Instruments and Hedging Activities | 6 Months Ended |
Jun. 30, 2015 | |
The Series of Equinox Frontier Funds [Member] | |
Derivative Instruments and Hedging Activities | 8. Derivative Instruments and Hedging Activities The Series’ primary business is to engage in speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts). The Series do not enter into or hold positions for hedging purposes as defined under ASC 815, Derivatives and Hedging The following tables summarize the monthly averages of futures contracts bought and sold for each respective Series of the Trust: For the Three Months Ended June 30, 2015 Monthly average contracts: Bought Sold Equinox Frontier Select Fund 546 584 Equinox Frontier Balanced Fund 1,797 1,774 Equinox Frontier Diversified Fund 2,769 2,726 For the Three Months Ended June 30, 2014 Monthly average contracts: Bought Sold Equinox Frontier Long/Short Commodity Fund 67 66 Equinox Frontier Balanced Fund 3,740 3,748 For the Six Months Ended June 30, 2015 Monthly average contracts: Bought Sold Equinox Frontier Select Fund 1,255 1,304 Equinox Frontier Balanced Fund 4,039 3,985 Equinox Frontier Diversified Fund 6,368 6,338 For the Six Months Ended June 30, 2014 Monthly average contracts: Bought Sold Equinox Frontier Long/Short Commodity Fund 3,593 3,902 Equinox Frontier Balanced Fund 8,390 8,355 Equinox Frontier Masters Fund 79 113 The following tables summarize the trading revenues for the three and six months ended June 30, 2015 and 2014 by contract type: Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended June 30, 2015 Type of contract Equinox Frontier Select Equinox Frontier Equinox Frontier Metals $ (201,265 ) $ (370,488 ) $ (145,932 ) Currencies (645,245 ) (1,169,704 ) 259,547 Energies (440,367 ) 119,419 (612,864 ) Agriculturals (104,895 ) (75,520 ) (235,594 ) Interest rates (848,640 ) (1,397,750 ) 427,927 Stock indices 76,440 211,184 787,414 Realized trading income/(loss) (1) $ (2,163,972 ) $ (2,682,859 ) $ 480,498 Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended June 30, 2014 Type of contract Equinox Frontier Equinox Frontier Metals $ 21,000 $ (318,434 ) Currencies — (391,938 ) Energies 96,785 (96,424 ) Agriculturals (257,049 ) (138,369 ) Interest rates 3,989 2,409,585 Stock indices (9,090 ) 2,647,014 Realized trading income/(loss)(1) $ (144,365 ) $ 4,111,434 Realized Trading Revenue from Futures, Forwards and Options for the Six Months Ended June 30, 2015 Type of contract Equinox Frontier Select Equinox Frontier Equinox Frontier Metals $ (746,843 ) $ (744,338 ) $ (626,206 ) Currencies (311,552 ) 521,161 1,559,721 Energies 253,545 685,468 19,336 Agriculturals (132,603 ) (34,965 ) (192,326 ) Interest rates 206,485 712,111 5,125,887 Stock indices 852,623 2,453,383 2,995,255 Realized trading income/(loss) (1) $ 121,655 $ 3,592,820 $ 8,881,667 Realized Trading Revenue from Futures, Forwards and Options for the Six Months Ended June 30, 2014 Type of contract Equinox Frontier Equinox Frontier Equinox Frontier Metals $ (60,704 ) $ (988,064 ) $ (5,850 ) Currencies (278,672 ) (191,348 ) (130,109 ) Energies (1,920,468 ) (53,467 ) (783 ) Agriculturals (252,807 ) 159,728 (19,987 ) Interest rates (223,175 ) 5,794,195 471,687 Stock indices 154,966 3,009,552 10,927 Realized trading income/(loss)(1) $ (2,580,860 ) $ 7,730,596 $ 325,885 (1) Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended June 30, 2015 Type of contract Equinox Frontier Equinox Frontier Equinox Frontier Metals $ 138,192 $ (77,032 ) $ 6,780 Currencies (98,437 ) 165,879 (364,623 ) Energies (83,883 ) (84,762 ) (92,955 ) Agriculturals (516,454 ) 218,632 (521,317 ) Interest rates (139,963 ) (683,706 ) (1,291,495 ) Stock indices (202,114 ) (586,952 ) (820,705 ) Change in unrealized trading income/(loss) (1) $ (902,659 ) $ (1,047,941 ) $ (3,084,315 ) Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended June 30, 2014 Type of contract Equinox Frontier Equinox Frontier Metals $ 52,921 $ (4,268 ) Currencies (14,053 ) (18,442 ) Energies 51,961 219,801 Agriculturals 1,619,030 396,753 Interest rates 24,050 1,252,653 Stock indices 33,223 (1,222,734 ) Change in unrealized trading income/(loss)(1) $ 1,767,132 $ 623,763 Net Change in Open Trade Equity from Futures, Forwards and Options for the Six Months Ended June 30, 2015 Type of contract Equinox Frontier Equinox Frontier Equinox Frontier Metals $ 545,034 $ 7,712 $ 176,379 Currencies (26,264 ) (35,662 ) (1,067,105 ) Energies (744,229 ) (630,250 ) (403,177 ) Agriculturals (437,516 ) 113,791 (226,857 ) Interest rates (576,893 ) (931,136 ) (1,605,340 ) Stock indices (366,874 ) (938,211 ) (86,106 ) Change in unrealized trading income/(loss) (1) $ (1,606,742 ) $ (2,413,756 ) $ (3,212,206 ) Net Change in Open Trade Equity from Futures, Forwards and Options for the Six Months Ended June 30, 2014 Type of contract Equinox Frontier Equinox Frontier Equinox Frontier Metals $ (162,388 ) $ (253,715 ) $ 73,476 Currencies (6,439 ) (190,539 ) (195,840 ) Energies 1,631,427 208,535 (135,932 ) Agriculturals (574,982 ) 564,384 (73,196 ) Interest rates 322,580 1,123,141 55,085 Stock indices (248,852 ) (2,987,207 ) 193,070 Change in unrealized trading income/(loss)(1) $ 961,346 $ (1,535,401 ) $ (83,337 ) (1) Amounts recorded in the Statements of Operations under Net change in open trade equity (deficit). Certain financial instruments and derivative instruments are eligible for offset in the statements of financial condition under GAAP. The Series’ open trade equity/(deficit), options written, and receivables from futures commissions merchants (each, an “FCM”) are subject to master netting arrangements and collateral arrangements and meet the U.S. GAAP guidance to qualify for offset. A master netting arrangement with a counterparty creates a right of offset for amounts due to and from that same counterparty that is enforceable in the event of a default or bankruptcy. The Series’ policy is to recognize amounts subject to master netting arrangements on a net basis on the statements of financial condition. The following tables present gross and net information about the Series’ assets and liabilities subject to master netting arrangements as disclosed on the statements of financial condition as of June 30, 2015 and December 31, 2014. As of June 30, 2015 Gross Amounts Gross Amounts Net Amounts Equinox Frontier Balanced Fund Open Trade Equity/(Deficit) $ 116,357 $ (895,320 ) $ (778,963 ) Swap Contracts 18,491,634 — 18,491,634 Equinox Frontier Diversified Fund Open Trade Equity/(Deficit) $ — $ (571,551 ) $ (571,551 ) Options Purchased 374,470 — 374,470 Options Written — (219,660 ) (219,660 ) Swap Contracts $ 7,615,169 $ — 7,615,169 Equinox Frontier Long/Short Commodity Fund Swap Contracts $ 4,304,209 $ — 4,304,209 Equinox Frontier Heritage Fund Swap Contracts $ 7,809,251 $ — 7,809,251 Equinox Frontier Select Fund Open Trade Equity/(Deficit) $ 153,408 $ (97,452 ) $ 55,956 As of December 31, 2014 Gross Amounts Gross Amounts Net Amounts Equinox Frontier Balanced Fund Open Trade Equity/(Deficit) $ 4,281,391 $ (983,842 ) $ 3,297,549 Swap Contracts 18,246,954 — 18,246,954 Equinox Frontier Diversified Fund Open Trade Equity/(Deficit) $ 3,215,206 $ — $ 3,215,206 Options Purchased 288,413 — 288,413 Options Written — (253,018 ) (253,018 ) Swap Contracts 6,570,408 — 6,570,408 Equinox Frontier Long/Short Commodity Fund Swap Contracts $ 3,633,060 $ — $ 3,633,060 Equinox Frontier Heritage Fund Swap Contracts $ 7,540,465 $ — $ 7,540,465 |
Equinox Frontier Funds [Member] | |
Derivative Instruments and Hedging Activities | 7. Derivative Instruments and Hedging Activities The Trust’s primary business is to engage in speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts). The Trust does not enter into or hold positions for hedging purposes as defined under ASC 815. The detail of the fair value of the Trust’s derivatives by instrument types as of June 30, 2015 and December 31, 2014 is included in the Consolidated Condensed Schedules of Investments. See Note 4 for further disclosure related to the Trust’s positions in swap contracts. For the three and six months ended June 30, 2015 and 2014, the monthly average of futures contracts bought was approximately 10,232 and 9,319, respectively and sold was approximately 10,304 and 9,124, respectively. The following tables summarize the trading revenues for the three and six months ended June 30, 2015 and 2014 by contract type: Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended June 30, 2015 Type of contract Metals $ 787,054 Currencies 322,356 Energies 3,239,657 Agriculturals 250,296 Interest rates (4,205,211 ) Stock indices (3,588,047 ) Change in unrealized trading income/(loss) (1) $ (3,193,895 ) Net Change in Open Trade Equity from Futures, Forwards and Options for the Six Months Ended June 30, 2015 Type of contract Metals $ 891,238 Currencies (2,005,957 ) Energies (4,686,989 ) Agriculturals 438,060 Interest rates (4,395,416 ) Stock indices (3,736,272 ) Change in unrealized trading income/(loss) (1) $ (13,495,336 ) (1) Amounts recorded in the Consolidate Statement of Operations under net change in open trade equity (deficit), at fair value. Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended June 30, 2015 Type of contract Metals $ (1,671,013 ) Currencies (5,995,199 ) Energies (6,800,965 ) Agriculturals 66,907 Interest rates (1,770,084 ) Stock indices 1,991,665 Realized trading income/(loss) (1) $ (14,178,689 ) Realized Trading Revenue from Futures, Forwards and Options for the Six Months Ended June 30, 2015 Type of contract Metals $ (3,529,813 ) Currencies 4,134,192 Energies 4,751,972 Agriculturals (81,778 ) Interest rates 8,150,824 Stock indices 12,383,579 Realized trading income/(loss) (1) $ 25,808,976 (1) Amounts recorded in the Consolidated Statements of Operations under net realized gain/(loss) on futures, forwards and options Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended June 30, 2014 Type of contract Metals $ 1,029,170 Currencies 450,876 Energies 300,637 Agriculturals 749,674 Interest rates 4,544,705 Stock indices (1,089,139 ) Change in unrealized trading income/(loss) (1) $ 5,985,923 Net Change in Open Trade Equity from Futures, Forwards and Options for the Six Months Ended June 30, 2014 Type of contract Metals $ (947,051 ) Currencies (3,956,074 ) Energies 1,967,434 Agriculturals (471,767 ) Interest rates 4,765,842 Stock indices (6,400,414 ) Change in unrealized trading income/(loss) (1) $ (5,042,030 ) (1) Amounts recorded in the Consolidate Statement of Operations under net change in open trade equity (deficit), at fair value. Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended June 30, 2014 Type of contract Metals $ (2,663,349 ) Currencies (786,959 ) Energies (234,908 ) Agriculturals (1,684,548 ) Interest rates 4,682,671 Stock indices 6,048,688 Realized trading income/(loss) (1) $ 5,361,595 Realized Trading Revenue from Futures, Forwards and Options for the Six Months Ended June 30, 2014 Type of contract Metals $ (3,401,979 ) Currencies (441,730 ) Energies (1,894,183 ) Agriculturals (1,738,025 ) Interest rates 7,301,379 Stock indices 5,687,637 Realized trading income/(loss) (1) $ 5,513,099 (1) Amounts recorded in the Consolidated Statements of Operations under net realized gain/(loss) on futures, forwards and options Certain financial instruments and derivative instruments are eligible for offset in the statements of financial condition under GAAP. The Trust’s open trade equity/(deficit), options written, and receivables from FCMs are subject to master netting arrangements and collateral arrangements and meet the GAAP guidance to qualify for offset. A master netting arrangement with a counterparty creates a right of offset for amounts due to and from that same counterparty that is enforceable in the event of a default or bankruptcy. The Trust’s policy is to recognize amounts subject to master netting arrangements on a net basis on the consolidated statements of financial condition. The following tables present gross and net information about the Trust’s assets and liabilities subject the master netting arrangements as disclosed on the consolidated statements of financial condition as of June 30, 2015 and December 31, 2014: Offsetting of Derivative Assets and Liabilities As of June 30, 2015 Gross Amounts Gross Amounts Net Amounts Open Trade Equity/(Deficit) $ — $ (17,281 ) $ (17,281 ) Options Purchased 3,819,429 — 3,819,429 Options Written — (2,581,870 ) (2,581,870 ) Swap Contracts 38,220,263 — 38,220,263 Offsetting of Derivative Assets and Liabilities As of December 31, 2014 Gross Amounts Gross Amounts Net Amounts Open Trade Equity/(Deficit) $ 17,120,111 $ (2,295,689 ) $ 14,824,422 Options Purchased 9,075,883 — 9,075,883 Options Written — (8,963,838 ) (8,963,838 ) Swap Contracts 35,990,887 — 35,990,887 |
Trading Activities and Related
Trading Activities and Related Risks | 6 Months Ended |
Jun. 30, 2015 | |
The Series of Equinox Frontier Funds [Member] | |
Trading Activities and Related Risks | 9. Trading Activities and Related Risks The purchase and sale of futures and options on futures contracts require margin deposits with FCMs. Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. A customer’s cash and other property (for example, U.S. treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. The term “off-balance sheet risk” refers to an unrecorded potential liability that, even though it does not appear on the statements of financial condition, may result in future obligation or loss in excess of the amount paid by the Series for a particular investment. Each Trading Company expects to trade in futures, options, forward and swap contracts and will therefore be a party to financial instruments with elements of off-balance sheet market and credit risk. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by market conditions, such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures positions held by a Trading Company in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company are unable to offset such futures interests positions, such Trading Company could lose all of its assets and the holders of Units of such Series would realize a 100% loss. The Managing Owner will seek to minimize market risk through real-time monitoring of open positions and the level of diversification of each Trading Advisor’s portfolio. It is anticipated that any Trading Advisor’s margin-to-equity ratio will typically not exceed approximately 35% although the actual ratio could be higher or lower from time to time. In addition to market risk, trading futures, forward and swap contracts entails credit risk that a counterparty will not be able to meet its obligations to a Trading Company. The counterparty for futures contracts traded in the United States and on most foreign exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases where the clearinghouse is not backed by the clearing members, like some foreign exchanges, it is normally backed by a consortium of banks or other financial institutions. Some non-U.S. exchanges, in contrast to U.S. exchanges, are principals’ markets in which performance is the responsibility only of the individual counterparty with whom the Trading Company has entered into the transaction, and not of the exchange or clearing corporation. In these kinds of markets, there is risk of bankruptcy or other failure or refusal to perform by the counterparty. In the case of forward contracts traded on the interbank market and swaps, neither is traded on exchanges. The counterparty is generally a single bank or other financial institution, rather than a group of financial institutions; thus there may be a greater counterparty credit risk. The Managing Owner expects the Trading Advisors to trade only with those counterparties which it believes to be creditworthy. All positions of each Trading Company will be valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to any Trading Company. The Managing Owner has established procedures to actively monitor and minimize market and credit risks. The Limited Owners bear the risk of loss only to the extent of the market value of their respective investments and, in certain specific circumstances, distributions and redemptions received. |
Equinox Frontier Funds [Member] | |
Trading Activities and Related Risks | 8. Trading Activities and Related Risks The purchase and sale of futures and options on futures contracts require margin deposits with FCMs. Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. A customer’s cash and other property (for example, U.S. treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. The term “off-balance sheet risk” refers to an unrecorded potential liability that, even though it does not appear on the statements of financial condition, may result in future obligation or loss in excess of the amount paid by the Series for a particular investment. Each Trading Company expects to trade in futures, options, forward and swap contracts and will therefore be a party to financial instruments with elements of off-balance sheet market and credit risk. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by market conditions, such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures positions held by a Trading Company in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company are unable to offset such futures interests positions, such Trading Company could lose all of its assets and the holders of Units of such Series would realize a 100% loss. The Managing Owner will seek to minimize market risk through real-time monitoring of open positions and the level of diversification of each Trading Advisor’s portfolio. It is anticipated that any Trading Advisor’s margin-to-equity ratio will typically not exceed approximately 35% although the actual ratio could be higher or lower from time to time. In addition to market risk, trading futures, forward and swap contracts entails credit risk that a counterparty will not be able to meet its obligations to a Trading Company. The counterparty for futures contracts traded in the United States and on most foreign exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases where the clearinghouse is not backed by the clearing members, like some foreign exchanges, it is normally backed by a consortium of banks or other financial institutions. Some non-U.S. exchanges, in contrast to U.S. exchanges, are principals’ markets in which performance is the responsibility only of the individual counterparty with whom the Trading Company has entered into the transaction, and not of the exchange or clearing corporation. In these kinds of markets, there is risk of bankruptcy or other failure or refusal to perform by the counterparty. In the case of forward contracts traded on the interbank market and swaps, neither is traded on exchanges. The counterparty is generally a single bank or other financial institution, rather than a group of financial institutions; thus there may be a greater counterparty credit risk. The Managing Owner expects the Trading Advisors to trade only with those counterparties which it believes to be creditworthy. All positions of each Trading Company will be valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to any Trading Company. The Managing Owner has established procedures to actively monitor and minimize market and credit risks. The Limited Owners bear the risk of loss only to the extent of the market value of their respective investments and, in certain specific circumstances, distributions and redemptions received. |
Indemnifications and Guarantees
Indemnifications and Guarantees | 6 Months Ended |
Jun. 30, 2015 | |
The Series of Equinox Frontier Funds [Member] | |
Indemnifications and Guarantees | 10. Indemnifications and Guarantees noted in Management Discussion and Analysis The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence or bad faith. The Trust has had no prior claims or payments pursuant to these agreements. The Trust’s individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. However, based on experience the Trust expects the risk of loss to be remote. Maximum exposure is unfulfilled obligations of the Series up to the amount of equity at risk with UBS of the referenced Series as allocated from the Trading Company. The Series have not recorded any liability for the guarantees in the accompanying financial statements as it expects any possibility of losses to be remote. The Trust has guaranteed the obligations of the Trading Companies under the customer agreements with UBS Securities LLC as Clearing Broker. In the event that one Series of the Trust is unable to meet its obligations to UBS Securities LLC, the assets of the other Series will be available to UBS Securities LLC as part of the guarantee, but only to the extent of such Series’ pro rata allocation to the Trading Company. The Series have not recorded any liability for the indemnifications in the accompanying financial statements, as it expects any possibility of losses to be remote. |
Equinox Frontier Funds [Member] | |
Indemnifications and Guarantees | 9. Indemnifications and Guarantees The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence or bad faith. The Trust has had no prior claims or payments pursuant to these agreements. The Trust’s individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. However, based on experience the Trust expects the risk of loss to be remote. Maximum exposure is unfulfilled obligations of the Trust up to the amount of equity at risk with UBS. The Trust has not recorded any liability for the guarantees in the accompanying financial statements as it expects any possibility of losses to be remote. The Trust has guaranteed the obligations of the trading companies under the customer agreements with UBS Securities LLC as Clearing Broker. In the event that one Series of the Trust is unable to meet its obligations to UBS Securities LLC, the assets of the other Series will be available to UBS Securities LLC as part of the guarantee, but only to the extent of such Series’ pro rata allocation to the trading company. The Trust has not recorded any liability for the indemnifications in the accompanying financial statements as it expects any possibility of losses to be remote. |
Subsequent Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2015 | |
The Series of Equinox Frontier Funds [Member] | |
Subsequent Events | 11. Subsequent Events None. |
Equinox Frontier Funds [Member] | |
Subsequent Events | 10. Subsequent Events None. |
Significant Accounting Polici19
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2015 | |
The Series of Equinox Frontier Funds [Member] | |
Basis of Presentation | Basis of Presentation |
Consolidation | Consolidation As of June 30, 2015, the consolidated balance sheet of Equinox Frontier Balanced Fund included the assets and liabilities of its majority owned Trading Companies. These Trading Companies include Frontier Trading Company XIV, LLC, Frontier Trading Company XXIII, LLC, Frontier Trading Company XXIX, LLC and Frontier Trading Company XXXIV, LLC. For the six months ended June 30, 2015, the consolidated income statement of Equinox Frontier Balanced Fund included the earnings of its majority owned Trading Companies listed above. As of June 30, 2015, the consolidated balance sheet of Equinox Frontier Long/Short Commodity Fund included the assets and liabilities of its majority owned Trading Company, Frontier Trading Company XXXVII, LLC. For the six months ended June 30, 2015, the consolidated income statement of Equinox Frontier Long/Short Commodity Fund included the earnings of its majority owned Trading Companies listed above. As of June 30, 2015, the consolidated balance sheet of Equinox Frontier Diversified Fund included the assets and liabilities of its majority owned Frontier Trading Company I, LLC and, Frontier Trading Company XXXV, LLC. For the six months ended June 30, 2015, the consolidated income statement of Equinox Frontier Diversified Fund included the earnings of its majority owned Trading Companies listed above. As of and for the six months ended June 30, 2015, the consolidated balance sheet and income statement of Equinox Frontier Heritage Fund included the assets, liabilities and earnings of its majority owned Trading Company, Frontier Trading Company XXXIX, LLC. As of and for the six months ended June 30, 2015, the consolidated balance sheet and income statement of Equinox Frontier Select Fund included the assets, liabilities and earnings of its majority owned Trading Company, Frontier Trading Company XV, LLC except for the earnings from January 1, 2015 to January 2, 2015. Each of the Series has invested in Frontier Trading Company XXXVIII, LLC on the same basis as its ownership in the cash pool. Frontier Trading Company XXXVIII, LLC assets, liabilities and earnings are allocated to all the Series of the Trust based on their proportionate share of the cash pool. |
Use of Estimates | Use of Estimates— |
Cash and Cash Equivalents | Cash and Cash Equivalents— |
Interest Income | Interest Income— U.S. Treasury Securities are pooled for purposes of maximizing returns on these assets to investors of all Series. Interest income from pooled cash management assets is recognized on the accrual basis and allocated daily to each Series based upon its daily proportion of ownership of the pool. |
U.S. Treasury Securities | U.S. Treasury Securities— Fair Value Measurements and Disclosures (“ |
Receivable From Futures Commission Merchants | Receivable From Futures Commission Merchants |
Investment Transactions | Investment Transactions— Balance Sheet (“ASC 210” Balance Sheet (Topic 210 Any change in net unrealized gain or loss from the preceding period is reported in the statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest is recognized in the period earned and the instruments are marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the statements of operations. |
Foreign Currency Transactions | Foreign Currency Transactions— |
Allocation of Earnings | Allocation of Earnings— Each Series allocates funds to an affiliated Trading Company, or Companies, of the Trust. Each Trading Company allocates all of its daily trading gains or losses to the Series in proportion to each Series’ ownership trading level interest in the Trading Company, adjusted on a daily basis (except for Trading Advisors and other investments such as Swaps that are directly allocated to a specific series). The value of all open contracts and cash held at clearing brokers is similarly allocated to the Series in proportion to each Series’ funds allocated to the Trading Company, or Companies. |
Investments and Swaps | Investments and Swaps |
Income Taxes | Income Taxes Income Taxes In the opinion of the Managing Owner, (i) the Trust, with respect to the Series, is treated as a partnership for federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, the Trust is not a publicly traded partnership treated as a corporation, and (ii) the discussion set forth in the Prospectus under the heading “Federal Income Tax Consequences” correctly summarizes the material federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Units of the Trust. |
Fees and Expenses | Fees and Expenses |
Service Fees | Service Fees These service fees are part of the offering costs of the Trust, with respect to the Series, which include registration and filing fees, legal and blue sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. |
Pending Owner Additions | Pending Owner Additions— |
Recently Adopted Accounting Pronouncements | Recently Adopted Accounting Pronouncements— |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements— — Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) (a consensus of the FASB Emerging Issues Task Force) In February, 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-02, |
Subsequent Events | Subsequent Events Subsequent Events |
Equinox Frontier Funds [Member] | |
Basis of Presentation | Basis of Presentation |
Consolidation | Consolidation |
Use of Estimates | Use of Estimates— |
Cash and Cash Equivalents | Cash and Cash Equivalents— |
Interest Income | Interest Income— |
U.S. Treasury Securities | U.S. Treasury Securities— Fair Value Measurements and Disclosures (“ |
Receivable From Futures Commission Merchants | Receivable From Futures Commission Merchants |
Investment Transactions | Investment Transactions— Balance Sheet (“ASC 210” Balance Sheet (Topic 210 Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest was recognized in the period earned and the instruments were marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the consolidated statements of operations. |
Foreign Currency Transactions | Foreign Currency Transactions— |
Allocation of Earnings | Allocation of Earnings— |
Investments and Swaps | Investments and Swaps |
Income Taxes | Income Taxes Income Taxes In the opinion of the Managing Owner, (i) the Trust is treated as a partnership for Federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, the Trust is not a publicly traded partnership treated as a corporation, and (ii) the discussion set forth in the Prospectus under the heading “Federal Income Tax Consequences” correctly summarizes the material Federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Units of the Trust. |
Fees and Expenses | Fees and Expenses |
Service Fees | Service Fees These service fees are part of the offering costs of the Trust, which include registration and filing fees, legal and blue sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and enjoys the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. |
Pending Owner Additions | Pending Owner Additions— |
Recently Adopted Accounting Pronouncements | Recently Adopted Accounting Pronouncements |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements— — Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) (a consensus of the FASB Emerging Issues Task Force) |
Subsequent Events | Subsequent Events Subsequent Events |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
The Series of Equinox Frontier Funds [Member] | |
Financial Asset Portfolio, by Series, Measured at Fair Value on Recurring Basis | The following table summarizes the instruments that comprise the Trust, with respect to the Series, financial asset portfolio, by Series, measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014 segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: June 30, 2015 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value Equinox Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 5,899,789 $ 298,675 $ — $ 6,198,464 Open Trade Equity (Deficit) (571,551 ) — — (571,551 ) Options Purchased — 374,470 — 374,470 Options Written — (219,660 ) — (219,660 ) Swap Contracts — — 7,615,169 7,615,169 U.S. Treasury Securities 29,071,240 — — 29,071,240 Equinox Frontier Masters Fund Investment in Unconsolidated Trading Companies 8,598,866 168,654 — 8,767,520 U.S. Treasury Securities 11,913,754 — — 11,913,754 Equinox Frontier Long/Short Commodity Fund Swap Contracts — — 4,304,209 4,304,209 Investment in Unconsolidated Trading Companies 3,516,988 380,006 — 3,896,994 U.S. Treasury Securities 6,743,330 — — 6,743,330 Equinox Frontier Balanced Fund Open Trade Equity (Deficit) (778,963 ) — — (778,963 ) Swap Contracts — — 18,491,634 18,491,634 Investment in Unconsolidated Trading Companies 13,892,904 440,892 — 14,333,796 U.S. Treasury Securities 47,350,232 — — 47,350,232 Equinox Frontier Select Fund — Open Trade Equity (Deficit) 55,956 — — 55,956 Investment in Unconsolidated Trading Companies 373,618 — 3,639,651 4,013,269 U.S. Treasury Securities 2,415,549 — — 2,415,549 Equinox Frontier Winton Fund Investment in Unconsolidated Trading Companies 6,544,957 204,082 — 6,749,039 U.S. Treasury Securities 25,617,478 — 25,617,478 Equinox Frontier Heritage Fund Swap Contracts — — 7,809,251 7,809,251 Investment in Unconsolidated Trading Companies 1,361,243 36,800 — 1,398,043 U.S. Treasury Securities 5,706,384 — — 5,706,384 December 31, 2014 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Equinox Frontier Diversified Fund Investments in Unconsolidated Trading Companies $ 6,631,887 $ (37,508 ) $ — $ 6,594,379 Open Trade Equity (Deficit) 3,171,968 43,238 — 3,215,206 Options Purchased — 288,413 — 288,413 Options Written — (253,018 ) — (253,018 ) Swap Contracts — — 6,570,408 6,570,408 U.S. Treasury Securities 31,051,659 — — 31,051,659 Equinox Frontier Masters Fund Investments in Unconsolidated Trading Companies 7,942,166 (40,188 ) — 7,901,978 U.S. Treasury Securities 16,217,173 — — 16,217,173 Equinox Frontier Long/Short Commodity Fund Investments in Unconsolidated Trading Companies 3,789,466 25,388 — 3,814,854 Swap Contracts — — 3,633,060 3,633,060 U.S. Treasury Securities 8,191,519 — — 8,191,519 Equinox Frontier Balanced Fund Open Trade Equity (Deficit) 3,717,291 (419,742 ) — 3,297,549 Investments in Unconsolidated Trading Companies 18,354,685 (10,758 ) — 18,343,927 Swap Contracts — — 18,246,954 18,246,954 U.S. Treasury Securities 41,625,860 — — 41,625,860 Equinox Frontier Select Fund Investments in Unconsolidated Trading Companies 4,591,569 (28,926 ) 3,539,498 8,102,141 U.S. Treasury Securities 6,476,939 — — 6,476,939 Equinox Frontier Winton Fund Investments in Unconsolidated Trading Companies 7,656,170 (176,512 ) — 7,479,658 U.S. Treasury Securities 29,593,974 — 29,593,974 Equinox Frontier Heritage Fund Investments in Unconsolidated Trading Companies 1,576,952 (33,566 ) — 1,543,386 Swap Contracts — — 7,540,465 7,540,465 U.S. Treasury Securities 6,796,392 — 6,796,392 |
Change in Level 3 Assets Measured at Fair Value on Recurring Basis | During the six months ended June 30, 2015 and year ended December 31, 2014, all identified Level 3 assets are components of the Equinox Frontier Diversified Fund, Equinox Frontier Long/Short Commodity Fund, Equinox Frontier Balanced Fund, Equinox Frontier Select Fund, and Equinox Frontier Heritage Fund. For the Six Months Ended June 30, 2015 Swaps: Equinox Frontier Equinox Frontier Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2015 $ 6,570,408 $ 3,633,060 $ 18,246,954 Total gains or losses (realized/unrealized): Included in earnings-realized — — Included in earnings-unrealized 1,044,761 (328,851 ) 244,680 Purchases of investments — 1,000,000 — Sales of investments — — Change in ownership allocation of total return swaps — — — Transfers in and/or out of Level 3 — — — Balance of recurring Level 3 assets as of June 30, 2015 $ 7,615,169 $ 4,304,209 $ 18,491,634 Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2015 $ 7,540,465 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 268,786 Purchases of investments — Sales of investments — Change in ownership allocation of total return swaps — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of June 30, 2015 $ 7,809,251 Investments in Unconsolidated Trading Companies: Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2015 $ 3,539,498 Change in fair value of investments in unconsolidated trading companies 100,153 Proceeds from sales of investments of unconsolidated trading companies — Purchases of investments of unconsolidated trading companies — Change in ownership allocation — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of June 30, 2015 $ 3,639,651 For the Year Ended December 31, 2014 Swaps: Equinox Frontier Equinox Frontier Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2014 $ 3,437,632 $ 2,456,546 $ 10,122,003 Total gains or losses (realized/unrealized): Included in earnings-realized — — Included in earnings-unrealized 3,132,776 1,176,514 8,124,951 Purchases of investments — — — Sales of investments — — Change in ownership allocation of total return swaps — — — Transfers in and/or out of Level 3 — — — Balance of recurring Level 3 assets as of December 31, 2014 $ 6,570,408 $ 3,633,060 $ 18,246,954 Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2014 $ 5,435,184 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 2,105,281 Purchases of investments — Sales of investments — Change in ownership allocation of total return swaps — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2014 $ 7,540,465 Investments in Unconsolidated Trading Companies: Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2014 $ 2,415,637 Change in fair value of investments in unconsolidated trading companies 1,123,861 Proceeds from sales of investments of unconsolidated trading companies — Purchases of investments of unconsolidated trading companies — Change in ownership allocation — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2014 $ 3,539,498 |
Change in Unrealized Appreciation (Depreciation) included in Statements of Operations Attributable to Level 3 Investments | The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at June 30, 2015. Equinox Frontier Equinox Frontier Equinox Frontier Equinox Frontier Swaps $ 1,044,760 $ (328,851 ) $ 244,680 $ 268,786 The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at December 31, 2014. Equinox Frontier Equinox Frontier Equinox Frontier Equinox Frontier Swaps $ 3,132,776 $ 1,176,514 $ 8,120,996 $ 2,105,281 |
Equinox Frontier Funds [Member] | |
Financial Asset Portfolio, by Series, Measured at Fair Value on Recurring Basis | The following table summarizes the instruments that comprise the Trust’s financial asset portfolio, by Series, measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: June 30, 2015 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value Open Trade Equity (Deficit) $ 70,482 $ (87,763 ) $ — $ (17,281 ) Swap Contracts — — 38,220,263 38,220,263 U.S. Treasury Securities 128,817,968 — — 128,817,968 Purchased Options — 3,819,429 — 3,819,429 Written Options — (2,581,870 ) — (2,581,870 ) December 31, 2014 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Fair Value Open Trade Equity (Deficit) $ 15,756,796 $ (932,374 ) $ — $ 14,824,422 Swap Contracts — — 35,990,887 35,990,887 U.S. Treasury Securities 139,953,516 — — 139,953,516 Purchased Options — 9,075,883 — 9,075,883 Written Options — (8,963,838 ) — (8,963,838 ) |
Change in Level 3 Assets Measured at Fair Value on Recurring Basis | The changes in Level 3 assets measured at fair value on a recurring basis are summarized in the following tables. Swap contract asset gains and losses (realized/unrealized) included in earnings are classified in “realized and unrealized gain (loss) on investments – net realized and net unrealized gain/(loss) on swap contracts” on the statements of operations. For the Six Months Balance of recurring Level 3 assets as of January 1, 2015 $ 35,990,887 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 1,229,376 Purchases of investments 1,000,000 Sales of investments — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of June 30, 2015 $ 38,220,263 For the Year Ended Balance of recurring Level 3 assets as of January 1, 2014 $ 21,455,529 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 14,535,358 Purchases of investments — Sales of investments — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2014 $ 35,990,887 |
Change in Unrealized Appreciation (Depreciation) included in Statements of Operations Attributable to Level 3 Investments | The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at June 30, 2015. Swaps $ 1,229,375 The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at December 31, 2014. Swaps $ 14,535,358 |
Swaps (Tables)
Swaps (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
The Series of Equinox Frontier Funds [Member] | |
Trust, with Respect to Series, has Invested in Following Swap | The Series had invested in the following Swaps as of and for the six months ended June 30, 2015: Equinox Frontier Balanced Fund Equinox Frontier Diversified Fund Equinox Frontier Long/Short Commodity Fund Equinox Frontier Heritage Fund Total Return Swap Total Return Swap Total Return Swap Total Return Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $ 62,910,098 $ 30,500,000 $ 10,090,513 $ 15,663,283 Termination Date 8/2/2018 8/2/2018 8/7/2018 3/26/2018 Cash Collateral $ 9,600,000 $ 3,400,000 $ 3,880,000 $ 5,993,000 Swap Value $ 8,891,634 $ 4,215,169 $ 424,209 $ 1,816,251 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $ 0 $ 0 $ 0 $ 0 Change in Unrealized Gain/(Loss) $ 244,680 $ 1,044,760 ($ 328,851 ) $ 268,786 Fair Value as of 6/30/2015 $ 18,491,634 $ 7,615,169 $ 4,304,209 $ 7,809,251 The Series had invested in the following Swaps as of and for the year ended December 31, 2014: Equinox Frontier Balanced Fund Equinox Frontier Diversified Fund Equinox Frontier Long/Short Commodity Fund Equinox Frontier Heritage Fund Total Return Swap Total Return Swap Total Return Swap Total Return Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $ 67,610,098 $ 35,500,000 $ 13,590,513 $ 17,663,283 Termination Date 8/2/2018 8/2/2018 8/7/2018 3/26/2018 Cash Collateral $ 9,600,000 $ 3,400,000 $ 2,880,000 $ 5,993,000 Swap Value $ 8,646,954 $ 3,170,408 $ 753,060 $ 1,547,465 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $ 0 $ 0 $ 0 $ 0 Change in Unrealized Gain/(Loss) $ 8,120,996 $ 3,132,777 $ 1,176,514 $ 2,105,281 Fair Value as of 12/31/2014 $ 18,246,955 $ 6,570,409 $ 3,633,060 $ 7,540,466 |
Equinox Frontier Funds [Member] | |
Trust, with Respect to Series, has Invested in Following Swap | The Trust had invested in the following swaps as of and for the six months ended June 30, 2015: Brevan Howard XXXIV Balanced Select Swap XXXV Diversified Select Swap XXXVII L/S Select Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $ 15,663,283 $ 62,910,098 $ 30,500,000 $ 10,090,513 Termination Date 3/26/2018 8/2/2018 8/2/2018 8/7/2018 Cash Collateral $ 5,993,000 $ 9,600,000 $ 3,400,000 $ 3,880,000 Swap Value $ 1,816,251 $ 8,891,634 $ 4,215,169 $ 424,209 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $ 0 $ 0 $ 0 $ 0 Change in Unrealized Gain/(Loss) $ 268,786 $ 244,680 $ 1,044,760 ($ 328,851 ) Fair Value as of 6/30/2015 $ 7,809,251 $ 18,491,634 $ 7,615,169 $ 4,304,209 The Trust had invested in the following swaps as of and for the year ended December 31, 2014: Brevan Howard XXXIV Balanced Select Swap XXXV Diversified Select Swap XXXVII L/S Select Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $ 17,663,283 $ 67,610,098 $ 35,500,000 $ 13,590,513 Termination Date 3/26/2018 8/2/2018 8/2/2018 8/7/2018 Cash Collateral $ 5,993,000 $ 9,600,000 $ 3,400,000 $ 3,880,000 Swap Value $ 1,547,466 $ 8,646,955 $ 3,170,409 ($ 246,940 ) Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $ 0 $ 0 $ 0 $ 0 Unrealized Gain/(Loss) $ 2,105,281 $ 8,120,996 $ 3,132,777 $ 1,176,514 Fair Value as of 12/31/2014 $ 7,540,466 $ 18,246,955 $ 6,570,409 $ 3,633,060 |
Investments in Unconsolidated22
Investments in Unconsolidated Trading Companies (Tables) - The Series of Equinox Frontier Funds [Member] | 6 Months Ended |
Jun. 30, 2015 | |
Investments in Unconsolidated Trading Companies | The following table summarizes each of the Series’ investments in unconsolidated Trading Companies as of June 30, 2015 and December 31, 2014: As of June 30, 2015 As of December 31, 2014 Percentage of Fair Value Percentage of Fair Value Series Equinox Frontier Diversified Fund — 9.96 % $ 6,198,464 9.11 % $ 6,594,379 Equinox Frontier Masters Fund — 38.63 % $ 8,767,520 30.74 % $ 7,901,978 Equinox Frontier Long/Short Commodity Fund — 24.26 % $ 3,896,994 22.96 % $ 3,814,854 Equinox Frontier Balanced Fund — 14.77 % $ 14,333,796 16.92 % $ 18,343,927 Equinox Frontier Select Fund — 20.83 % $ 4,013,269 53.06 % $ 8,102,141 Equinox Frontier Winton Fund — 18.35 % $ 6,749,039 18.68 % $ 7,479,658 Equinox Frontier Heritage Fund — 8.80 % $ 1,398,043 9.32 % $ 1,543,386 |
Equity in Earnings from Unconsolidated Trading Companies | The following tables summarize each of the Series’ equity in earnings from unconsolidated Trading Companies for the three and six months ended June 30, 2015 and 2014. Three Months Ended June 30, 2015 Three Months Ended June 30, 2014 Trading Realized Change in Net Income Trading Realized Change in Net Income Equinox Frontier Diversified Fund Frontier Trading Company I LLC $ — $ — $ — $ — $ (77,867 ) $ 950,477 $ 1,028,045 $ 1,900,655 Frontier Trading Company II LLC (4,246 ) (685,823 ) (420,717 ) (1,110,786 ) (4,241 ) 865,388 (8,894 ) 852,253 Frontier Trading Company V LLC — — — — — — — — Frontier Trading Company VI LLC — — — — — — — — Frontier Trading Company VII, LLC (85,942 ) (1,382,324 ) 1,810,489 342,223 (96,234 ) (663,204 ) 608,781 (150,657 ) Frontier Trading Company IX, LLC — — — — — — — Frontier Trading Company XIV, LLC — — — — (41,516 ) 249,214 263,796 471,494 Frontier Trading Company XV, LLC — — — — (12,052 ) (487,276 ) 155,923 (343,405 ) Frontier Trading Company XVIII, LLC — — — — — — — — Frontier Trading Company XXI, LLC — — — — — — — — Frontier Trading Company XXIII, LLC (17,919 ) (151,523 ) (304,555 ) (473,997 ) (11,949 ) 789,665 92,152 869,868 Frontier Trading Company XXXVIII, LLC (10,482 ) 77,904 (236,705 ) (169,283 ) — — — Frontier Trading Company XXXIX, LLC — — — — (11,766 ) (127,320 ) (97,402 ) (236,488 ) Total $ (118,589 ) $ (2,141,766 ) $ 848,512 $ (1,411,843 ) $ (255,625 ) $ 1,576,944 $ 2,042,401 $ 3,363,720 Equinox Frontier Masters Fund Frontier Trading Company I LLC $ (6,561 ) $ (78,343 ) $ (920,425 ) $ (1,005,329 ) $ (8,994 ) $ 441,002 $ 166,625 $ 598,633 Frontier Trading Company II LLC (2,613 ) (420,988 ) (264,127 ) $ (687,728 ) (3,095 ) 627,805 (8,751 ) 615,959 Frontier Trading Company XIV, LLC — — — — (36,029 ) 189,278 214,868 368,117 Frontier Trading Company XV, LLC (14,857 ) (979,930 ) (372,004 ) (1,366,791 ) (24,092 ) 125,464 287,803 389,175 Frontier Trading Company VII, LLC (50,573 ) (775,283 ) 1,063,371 237,515 Frontier Trading Company XXXVIII, LLC (4,586 ) 35,342 (122,309 ) (91,553 ) (6,083 ) (78,704 ) (42,756 ) (127,533 ) Total $ (79,190 ) $ (2,219,202 ) $ (615,494 ) $ (2,913,886 ) $ (78,293 ) $ 1,304,845 $ 617,789 $ 1,844,351 Equinox Frontier Long/Short Commodity Fund Frontier Trading Company I LLC $ — $ — $ — $ — $ — $ — $ — $ — Frontier Trading Companies VII, LLC (63,635 ) (1,450,691 ) 1,054,760 (459,566 ) (79,249 ) (199,250 ) 450,592 172,093 Frontier Trading Companies XVIII, LLC — — — — (9,017 ) (338,735 ) (291,055 ) (638,807 ) Frontier Trading Companies XXIII, LLC — — — — — — — — Frontier Trading Company XXXVIII, LLC (2,865 ) 19,681 (69,554 ) (52,738 ) — — — — Total $ (66,500 ) $ (1,431,010 ) $ 985,206 $ (512,304 ) $ (88,266 ) $ (537,985 ) $ 159,537 $ (466,714 ) Equinox Frontier Balanced Fund Frontier Trading Company I LLC $ (83,797 ) $ 975,639 $ (208,851 ) 682,991 $ (263,573 ) $ 1,115,464 $ (362,505 ) 489,386 Frontier Trading Company II LLC (5,791 ) (937,794 ) (560,595 ) (1,504,180 ) (12,088 ) (686,492 ) 1,317,845 619,265 Frontier Trading Company V LLC — — — — — Frontier Trading Company VII, LLC (97,027 ) (1,669,662 ) 2,061,923 295,234 36,410 685,775 (1,108,643 ) (386,458 ) Frontier Trading Company XIV, LLC — — — — (23,141 ) 99,184 (416,179 ) (340,136 ) Frontier Trading Company XV, LLC (231 ) (492,925 ) 493,274 118 22,806 (867,989 ) 1,231,415 386,232 Frontier Trading Company XVI, LLC — — — — — Frontier Trading Company XVIII, LLC — — — — — Frontier Trading Company XXIII, LLC — — — — — Frontier Trading Company XXXVIII, LLC (17,308 ) 134,812 (445,903 ) (328,399 ) (768,673 ) 1,833,086 (991,089 ) 73,324 Frontier Trading Company XXXIX, LLC — — — — (75,543 ) (1,180,680 ) 612,399 (643,824 ) Total $ (204,154 ) $ (1,989,930 ) $ 1,339,848 $ (854,236 ) $ (1,083,802 ) $ 998,348 $ 283,243 $ 197,789 Equinox Frontier Select Fund Frontier Trading Company V LLC $ — $ — $ — $ — $ — $ — $ — $ — Frontier Trading Company VI LLC — — — — — — — — Frontier Trading Company XV, LLC — (2 ) (2 ) (31,676 ) 106,074 415,981 490,379 Frontier Trading Company XXI, LLC (967,125 ) (967,125 ) — — — Frontier Trading Company XXXVIII, LLC (2,577 ) 7,618 (23,723 ) (17,104 ) (2,970 ) (33,431 ) (15,011 ) (51,412 ) Frontier Trading Company XXXIX, LLC 127,518 127,518 (1,556 ) — 331,515 329,959 Total $ (2,577 ) $ 7,618 $ (863,332 ) $ (856,713 ) $ (36,202 ) $ 72,643 $ 732,485 $ 768,926 Equinox Frontier Winton Fund Frontier Trading Company II LLC $ (14,911 ) $ (2,419,574 ) $ (1,407,788 ) $ (3,842,273 ) $ (13,657 ) $ 2,787,074 $ (31,073 ) $ 2,742,344 Frontier Trading Company XXXVIII ,LLC (9,599 ) 73,551 (282,923 ) $ (218,971 ) (9,787 ) (105,773 ) (73,711 ) (189,271 ) Total $ (24,510 ) $ (2,346,023 ) $ (1,690,711 ) $ (4,061,244 ) $ (23,444 ) $ 2,681,301 $ (104,784 ) $ 2,553,073 Equinox Frontier Heritage Fund Frontier Trading Company II LLC $ (2,685 ) $ (435,646 ) $ (252,853 ) $ (691,184 ) $ (3,057 ) $ 623,800 $ (6,880 ) $ 613,593 Frontier Trading Company V LLC — — — — — — — — Frontier Trading Company XXXVIII, LLC (2,163 ) 16,512 (62,218 ) (47,870 ) (2,639 ) (32,058 ) (21,536 ) (56,233 ) Frontier Trading Company XXXIX, LLC — — — — — — — — Total $ (4,848 ) $ (419,134 ) $ (315,071 ) $ (739,054 ) $ (5,696 ) $ 591,742 $ (28,416 ) $ 557,360 Six Months Ended June 30, 2015 Six Months Ended June 30, 2014 Trading Realized Change in Net Income Trading Realized Change in Net Income Equinox Frontier Diversified Fund Frontier Trading Company I LLC $ — $ — $ — $ — $ (148,260 ) $ 2,095,105 $ 421,786 $ 2,368,631 Frontier Trading Company II LLC (8,329 ) 647,469 (548,028 ) 91,112 (8,992 ) 1,132,028 (293,721 ) 829,315 Frontier Trading Company V LLC — — — — — — — — Frontier Trading Company VI LLC — — — — — — — — Frontier Trading Company VII, LLC (168,323 ) 726,185 587,363 1,145,225 (248,337 ) (1,280,664 ) 370,672 (1,158,329 ) Frontier Trading Company IX, LLC — — — — — — — Frontier Trading Company XIV, LLC — — — — (101,125 ) (378,786 ) 323,498 (156,413 ) Frontier Trading Company XV, LLC — — — — (27,763 ) 172,591 (786,997 ) (642,169 ) Frontier Trading Company XVIII, LLC — — — — — — — — Frontier Trading Company XXI, LLC — — — — — — — — Frontier Trading Company XXIII, LLC (37,701 ) 721,086 (330,774 ) 352,611 (24,150 ) 1,073,089 187,658 1,236,597 Frontier Trading Company XXXVIII, LLC (17,490 ) 952,971 (463,563 ) 471,918 (24,173 ) (894,004 ) (675,056 ) (1,593,233 ) Frontier Trading Company XXXIX, LLC — — — — — — — — Total $ (231,843 ) $ 3,047,711 $ (755,002 ) $ 2,060,866 $ (582,800 ) $ 1,919,359 $ (452,160 ) $ 884,399 Equinox Frontier Masters Fund Frontier Trading Company I LLC $ (10,535 ) $ 1,180,694 $ (1,058,847 ) $ 111,312 $ (14,650 ) $ 84,485 $ 656,689 $ 726,524 Frontier Trading Company II LLC (4,942 ) 331,851 (335,234 ) $ (8,325 ) (6,805 ) 841,881 (248,924 ) 586,152 Frontier Trading Company XIV, LLC (28,979 ) 148,053 (801,924 ) (682,850 ) (95,138 ) (433,918 ) 213,162 (315,894 ) Frontier Trading Company XV, LLC (86,516 ) 2,635,986 (1,948,507 ) 600,963 (53,547 ) 805,913 (875,590 ) (123,224 ) Frontier Trading Company XXXVIII, LLC (7,391 ) 333,664 (165,500 ) 160,773 (13,153 ) (497,344 ) (372,146 ) (882,643 ) Total $ (138,363 ) $ 4,630,248 $ (4,310,012 ) $ 181,873 $ (183,293 ) $ 801,017 $ (626,809 ) $ (9,085 ) Equinox Frontier Long/Short Commodity Fund Frontier Trading Company I LLC $ — $ — $ — $ — $ — $ — $ — $ — Frontier Trading Companies VII, LLC (148,403 ) 1,306,637 125,916 1,284,150 (84,192 ) (492,410 ) 202,711 (373,891 ) Frontier Trading Companies XVIII, LLC — — — — — — — — Frontier Trading Companies XXIII, LLC — — — — — — — — Frontier Trading Company XXXVIII, LLC (4,833 ) 276,057 (133,153 ) 138,071 (9,017 ) (338,735 ) (290,717 ) (638,469 ) Total $ (153,236 ) $ 1,582,694 $ (7,237 ) $ 1,422,221 $ (93,209 ) $ (831,145 ) $ (88,006 ) $ (1,012,360 ) Equinox Frontier Balanced Fund Frontier Trading Company I LLC $ (173,656 ) $ 3,024,584 $ 28,819 2,879,747 $ (21,190 ) $ (40,139 ) $ 887,729 826,400 Frontier Trading Company II LLC (10,988 ) 749,066 (720,413 ) 17,665 (12,125 ) 1,514,527 (547,779 ) 954,623 Frontier Trading Company V LLC — — — — — — — — Frontier Trading Company VII, LLC (189,079 ) 646,642 714,340 1,171,903 (237,492 ) (1,772,506 ) 684,757 (1,325,241 ) Frontier Trading Company XIV, LLC — — — — (75,543 ) (1,180,680 ) 610,861 (645,362 ) Frontier Trading Company XV, LLC (124 ) (217,025 ) 217,318 169 (44,315 ) (299,183 ) (581,076 ) (924,574 ) Frontier Trading Company XVI, LLC — — — — — — — — Frontier Trading Company XVIII, LLC — — — — — — — — Frontier Trading Company XXIII, LLC — — — — — — — — Frontier Trading Company XXXVIII, LLC (27,010 ) 1,355,729 (729,990 ) 598,729 (42,486 ) (1,584,456 ) (1,141,801 ) (2,768,743 ) Frontier Trading Company XXXIX, LLC — — — — — — (1,538 ) (1,538 ) Total $ (400,857 ) $ 5,558,996 $ (489,926 ) $ 4,668,213 $ (433,151 ) $ (3,362,437 ) $ (88,847 ) $ (3,884,435 ) Equinox Frontier Select Fund Frontier Trading Company V LLC $ — $ — $ — $ — $ — $ — $ — $ — Frontier Trading Company VI LLC — — — — — — — — Frontier Trading Company XV, LLC — (195 ) 2,173 1,978 (60,926 ) 819,051 (483,409 ) 274,716 Frontier Trading Company XXI, LLC — — — — — — — — Frontier Trading Company XXXVIII, LLC (1,797 ) 64,307 (16,288 ) 46,222 (6,234 ) (227,323 ) (163,164 ) (396,721 ) Frontier Trading Company XXXIX, LLC 127,536 127,536 (1,556 ) — (204,940 ) (206,496 ) Total $ (1,797 ) $ 64,112 $ 113,421 $ 175,736 $ (68,716 ) $ 591,728 $ (851,513 ) $ (328,501 ) Equinox Frontier Winton Fund Frontier Trading Company II LLC $ (28,184 ) $ 1,889,892 $ (1,817,483 ) $ 44,225 $ (27,607 ) $ 3,664,132 $ (917,278 ) $ 2,719,247 Frontier Trading Company XXXVIII ,LLC (15,485 ) 748,101 (394,852 ) $ 337,764 (19,326 ) (670,668 ) (468,437 ) (1,158,431 ) Total $ (43,669 ) $ 2,637,993 $ (2,212,335 ) $ 381,989 $ (46,933 ) $ 2,993,464 $ (1,385,715 ) $ 1,560,816 Equinox Frontier Heritage Fund Frontier Trading Company II LLC $ (5,187 ) $ 380,897 $ (330,929 ) $ 44,781 $ (6,182 ) $ 820,288 $ (205,585 ) $ 608,521 Frontier Trading Company V LLC — — — — — — — — Frontier Trading Company XXXVIII, LLC (3,489 ) 167,362 (86,307 ) 77,566 (5,444 ) (199,276 ) (149,643 ) (354,363 ) Frontier Trading Company XXXIX, LLC — — — — — — — — Total $ (8,676 ) $ 548,259 $ (417,236 ) $ 122,347 $ (11,626 ) $ 621,012 $ (355,228 ) $ 254,158 |
Financial Statements of Unconsolidated Trading Companies | The statements of financial condition as of June 30, 2015 and December 31, 2014 and the Condensed Statement of Income for the three and six months ended June 30, 2015 and 2014 for the unconsolidated Trading Companies are as follows: Statements of Financial Condition - June 30, 2015 Frontier Trading Frontier Trading Frontier Trading Receivable from commission merchants $ 12,124,771 $ 6,069,994 $ 6,984,925 Open trade equity/(deficit) (278,805 ) 3,259,443 (620,620 ) Interest receivable/(payable) 78 (40 ) 277 Total assets $ 11,846,044 $ 9,329,397 $ 6,364,582 Members’ equity $ 11,846,044 $ 9,329,397 $ 6,364,582 Condensed Statement of Income - For the Three Months Frontier Trading Frontier Trading Frontier Trading Interest income $ (1,243 ) $ 479 $ 707 Net realized gain/(loss) on investments, less (3,431,043 ) (8,596,912 ) (2,837,649 ) Change in open trade equity/(deficit) (955,908 ) 3,773,587 1,391,567 Net income/(loss) $ (4,388,194 ) $ (4,822,846 ) $ (1,445,375 ) Condensed Statement of Income - For the Six Months Frontier Trading Frontier Trading Frontier Trading Interest income $ (1,630 ) $ 589 $ 707 Net realized gain/(loss) on investments, less (3,941,511 ) (5,937,702 ) (3,827,270 ) Change in open trade equity/(deficit) 3,752,063 523,855 1,996,206 Net income/(loss) $ (191,078 ) $ (5,413,258 ) $ (1,830,357 ) Statements of Financial Condition - December 31, 2014 Frontier Trading Frontier Trading Frontier Trading Frontier Trading Frontier Trading Receivable from commission merchants $ $ 18,121,232 $ 1,834,790 $ 11,072,355 $ 4,826,699 Open trade equity/(deficit) 2,937,971 2,107,459 3,617,656 3,510,148 256,729 Interest receivable/(payable) (2,291 ) 607 (160 ) 817 7 Total assets $ $ 20,229,298 $ 5,452,286 $ 14,583,320 $ 5,083,435 Members’ equity $ $ 20,229,298 $ 5,452,286 $ 14,583,320 $ 5,083,435 Condensed Statement of Income - For the Three Months Ended June 30, 2014 Frontier Trading Frontier Trading Frontier Trading Frontier Trading Frontier Trading Interest income $ 12,520 $ (1,560 ) $ 857 $ 2,012 $ 497 Net realized gain/(loss) on investments, less (4,217,338 ) (5,965,412 ) 5,454,372 1,510,226 735,318 Change in open trade equity/(deficit) (312,487 ) 69,697 (1,329,358 ) (1,504,440 ) 431,576 Net income/(loss) $ (4,517,305 ) $ (5,897,275 ) $ 4,125,871 $ 7,798 $ 1,167,391 Condensed Statement of Income - For the Six Months Ended June 30, 2014 Frontier Trading Frontier Trading Frontier Trading Frontier Trading Frontier Trading Interest income $ 12,520 $ (2,520 ) $ 857 $ 2,237 $ 1,916 Net realized gain/(loss) on investments, less (4,217,338 ) (7,909,584 ) 5,454,372 (1,313,834 ) 4,531,142 Change in open trade equity/(deficit) (312,487 ) 2,213,834 (1,329,358 ) 2,737,190 3,263,786 Net income/(loss) $ (4,517,305 ) $ (5,698,270 ) $ 4,125,871 $ 1,425,593 $ 7,796,844 |
Transactions with Affiliates (T
Transactions with Affiliates (Tables) - The Series of Equinox Frontier Funds [Member] | 6 Months Ended |
Jun. 30, 2015 | |
Fees Earned by Managing Owner | The following table summarizes fees earned by the Managing Owner for the three and six months ended June 30, 2015 and 2014: Three Months Ended June 30, 2015 Incentive Fee Management Fee Service Fee Trading Equinox Frontier Diversified Fund $ 4,000 $ 243,004 $ 108,250 $ 351,096 Equinox Frontier Masters Fund 41,072 182,496 60,813 147,701 Equinox Frontier Long/Short Commodity Fund 40,149 131,237 29,629 65,150 Equinox Frontier Balanced Fund 9,517 267,377 556,081 194,144 Equinox Frontier Select Fund — 78,206 101,967 28,454 Equinox Frontier Winton Fund — 307,212 198,125 74,984 Equinox Frontier Heritage Fund — 70,986 74,974 25,063 Three Months Ended June 30, 2014 Incentive Fee Management Fee Service Fee Trading Equinox Frontier Diversified Fund $ 954,829 $ 271,073 $ 125,184 $ 307,242 Equinox Frontier Masters Fund 168,094 230,233 76,310 147,195 Equinox Frontier Long/Short Commodity Fund — 223,050 30,304 64,027 Equinox Frontier Balanced Fund 902,054 264,152 492,255 167,758 Equinox Frontier Select Fund 26,677 140,286 97,799 27,150 Equinox Frontier Winton Fund 415,629 287,648 177,981 64,049 Equinox Frontier Heritage Fund 86,999 81,966 65,875 21,279 Six Months Ended June 30, 2015 Incentive Fee Management Fee Service Fee Trading Equinox Frontier Diversified Fund $ 1,638,242 $ 489,308 $ 230,168 $ 721,898 Equinox Frontier Masters Fund 576,374 361,156 125,991 301,334 Equinox Frontier Long/Short Commodity Fund 279,366 254,273 61,529 134,078 Equinox Frontier Balanced Fund 1,496,474 526,972 1,118,882 389,488 Equinox Frontier Select Fund 158,971 158,278 208,868 58,347 Equinox Frontier Winton Fund 715,409 630,317 403,462 151,960 Equinox Frontier Heritage Fund 132,676 148,884 151,991 50,754 Six Months Ended June 30, 2014 Incentive Fee Management Fee Service Fee Trading Equinox Frontier Diversified Fund $ 1,386,913 $ 547,629 $ 273,595 $ 649,807 Equinox Frontier Masters Fund 181,806 507,313 180,593 323,110 Equinox Frontier Long/Short Commodity Fund — 509,680 68,868 146,001 Equinox Frontier Balanced Fund 1,453,340 554,537 1,041,703 355,157 Equinox Frontier Select Fund 26,677 278,724 203,387 56,552 Equinox Frontier Winton Fund 415,629 568,021 360,945 128,644 Equinox Frontier Heritage Fund 86,999 161,975 138,600 44,378 |
Fees Payable to Managing Owner | The following table summarizes fees payable to the Managing Owner as of June 30, 2015 and December 31, 2014: As of June 30, 2015 Incentive Fees Management Fees Interest Fees Service Fees Trading Fees Equinox Frontier Diversified Fund $ 4,000 $ 83,476 $ 15,798 $ 36,650 $ 124,327 Equinox Frontier Masters Fund 41,071 60,312 5,738 15,452 50,813 Equinox Frontier Long/Short Commodity Fund 40,149 45,710 3,616 9,149 21,626 Equinox Frontier Balanced Fund 9,517 91,646 101,040 156,201 65,193 Equinox Frontier Select Fund — 26,065 6,451 29,617 9,285 Equinox Frontier Winton Fund — 102,252 61,319 46,288 24,963 Equinox Frontier Heritage Fund — 23,699 13,738 19,744 8,305 As of December 31, 2014 Incentive Fees Management Fees Interest Fees Service Fees Trading Fees Equinox Frontier Diversified Fund $ 2,387,825 $ 86,486 $ 16,168 $ 34,905 $ 132,984 Equinox Frontier Masters Fund 722,043 64,497 6,898 17,260 55,912 Equinox Frontier Long/Short Commodity Fund 158,660 45,361 3,713 10,562 24,436 Equinox Frontier Balanced Fund 1,793,318 101,208 84,976 167,151 66,037 Equinox Frontier Select Fund 185,791 27,835 13,263 32,520 10,119 Equinox Frontier Winton Fund 1,178,364 114,823 63,722 52,753 26,690 Equinox Frontier Heritage Fund 239,327 27,944 14,543 20,964 8,676 |
Interest Paid by Each Series to Managing Owner | The following table outlines the interest paid by each Series to the Managing Owner and its ratio to average net assets for the three and six months ended June 30, 2015 and 2014: Three Months Ended 6/30/2015 6/30/2014 6/30/2015 6/30/2014 Gross Amount Gross Amount Ratio to Ratio to Equinox Frontier Diversified Fund Class 1 $ 11,399 $ 13,962 0.06 % 0.07 % Equinox Frontier Diversified Fund Class 2 22,235 19,214 0.06 % 0.07 % Equinox Frontier Diversified Fund Class 3 5,152 699 0.07 % 0.06 % Equinox Frontier Masters Fund Class 1 7,621 10,192 0.07 % 0.07 % Equinox Frontier Masters Fund Class 2 6,063 6,395 0.07 % 0.07 % Equinox Frontier Masters Fund Class 3 3,480 1,270 0.07 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 2 801 860 0.06 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 3 4,837 5,172 0.06 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 1a 3,600 4,191 0.06 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 2a 1,075 1,393 0.06 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 3a 469 286 0.06 % 0.07 % Equinox Frontier Balanced Fund Class 1 224,354 214,182 0.30 % 0.33 % Equinox Frontier Balanced Fund Class 1AP 2,435 N/A 0.01 % N/A Equinox Frontier Balanced Fund Class 2 76,515 69,432 0.30 % 0.07 % Equinox Frontier Balanced Fund Class 2a 358 309 0.06 % 0.07 % Equinox Frontier Balanced Fund Class 3a 1,642 1,355 0.06 % 0.07 % Equinox Frontier Select Fund Class 1 17,252 39,857 0.12 % 0.31 % Equinox Frontier Select Fund Class 1AP 64 N/A 0.00 % N/A Equinox Frontier Select Fund Class 2 1,941 4,400 0.12 % 0.31 % Equinox Frontier Winton Fund Class 1 119,313 101,949 0.44 % 0.43 % Equinox Frontier Winton Fund Class 1AP 177 N/A 0.00 % N/A Equinox Frontier Winton Fund Class 2 42,458 44,763 0.31 % 0.43 % Equinox Frontier Heritage Fund Class 1 30,474 30,529 0.30 % 0.35 % Equinox Frontier Heritage Fund Class 1AP 193 N/A 0.01 % N/A Equinox Frontier Heritage Fund Class 2 10,079 8,905 0.30 % 0.35 % Total $ 593,987 $ 579,315 Six Months Ended 6/30/2015 6/30/2014 6/30/2015 6/30/2014 Gross Amount Gross Amount Ratio to Ratio to Equinox Frontier Diversified Fund Class 1 $ 24,840 $ 32,290 0.13 % 0.15 % Equinox Frontier Diversified Fund Class 2 46,546 41,944 0.13 % 0.14 % Equinox Frontier Diversified Fund Class 3 9,714 860 0.13 % 0.08 % Equinox Frontier Masters Fund Class 1 15,782 25,974 0.14 % 0.18 % Equinox Frontier Masters Fund Class 2 12,344 14,025 0.14 % 0.16 % Equinox Frontier Masters Fund Class 3 6,829 1,677 0.14 % 0.09 % Equinox Frontier Long/Short Commodity Fund Class 2 1,696 2,856 0.13 % 0.24 % Equinox Frontier Long/Short Commodity Fund Class 3 10,011 12,025 0.13 % 0.17 % Equinox Frontier Long/Short Commodity Fund Class 1a 7,628 10,200 0.13 % 0.18 % Equinox Frontier Long/Short Commodity Fund Class 2a 2,263 3,544 0.13 % 0.18 % Equinox Frontier Long/Short Commodity Fund Class 3a 949 588 0.13 % 0.15 % Equinox Frontier Balanced Fund Class 1 430,704 479,990 0.57 % 0.73 % Equinox Frontier Balanced Fund Class 1AP 4,627 N/A 0.02 % N/A Equinox Frontier Balanced Fund Class 2 145,522 156,628 0.57 % 0.74 % Equinox Frontier Balanced Fund Class 2a 680 650 0.12 % 0.14 % Equinox Frontier Balanced Fund Class 3a 3,118 2,939 0.11 % 0.14 % Equinox Frontier Select Fund Class 1 41,323 89,879 0.29 % 0.69 % Equinox Frontier Select Fund Class 1AP 149 N/A 0.00 % N/A Equinox Frontier Select Fund Class 2 4,702 10,092 0.29 % 0.70 % Equinox Frontier Winton Fund Class 1 241,720 213,976 0.89 % 0.90 % Equinox Frontier Winton Fund Class 1AP 354 N/A 0.01 % N/A Equinox Frontier Winton Fund Class 2 103,429 90,922 0.76 % 0.87 % Equinox Frontier Heritage Fund Class 1 61,466 67,699 0.60 % 0.77 % Equinox Frontier Heritage Fund Class 1AP 381 N/A 0.01 % N/A Equinox Frontier Heritage Fund Class 2 20,247 18,948 0.60 % 0.74 % Total $ 1,197,024 $ 1,277,706 |
Financial Highlights (Tables)
Financial Highlights (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
The Series of Equinox Frontier Funds [Member] | |
Financial Highlights of Trust | The following information presents the financial highlights of the Trust, with respect to the Series, for the three and six months ended June 30, 2015 and 2014. Equinox Frontier Diversified Fund Equinox Frontier Masters Fund Equinox Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 3 Class 1a Class 2a Class 3a Per unit operating performance (1) Net asset value, March 31, 2015 $ 131.66 $ 145.76 $ 134.57 $ 128.38 $ 142.12 $ 131.73 $ 166.20 $ 166.06 $ 120.70 $ 133.49 $ 134.09 Net operating results: Interest income 0.32 0.36 0.33 0.33 0.36 0.34 0.39 0.39 0.28 0.31 0.31 Expenses (2.02 ) (1.39 ) (1.28 ) (2.44 ) (1.97 ) (1.82 ) (2.12 ) (2.12 ) (2.11 ) (1.70 ) (1.71 ) Net gain/(loss) on investments, net of non-controlling interests (14.41 ) (16.24 ) (14.92 ) (16.26 ) (18.19 ) (16.80 ) (16.31 ) (16.13 ) (11.70 ) (13.07 ) (13.05 ) Net income/(loss) (16.11 ) (17.27 ) (15.87 ) (18.37 ) (19.80 ) (18.28 ) (18.04 ) (17.86 ) (13.53 ) (14.46 ) (14.45 ) Net asset value, June 30, 2015 $ 115.55 $ 128.49 $ 118.70 $ 110.01 $ 122.32 $ 113.45 $ 148.16 $ 148.20 $ 107.17 $ 119.03 $ 119.64 Ratios to average net assets (3) Net investment income/(loss) -5.46 % -2.97 % -2.97 % -6.56 % -4.36 % -4.36 % -3.82 % -3.82 % -5.89 % -3.82 % -3.79 % Expenses before incentive fees (4) 6.50 % 4.01 % 4.01 % 7.50 % 5.30 % 5.30 % 4.59 % 4.59 % 6.67 % 4.59 % 4.55 % Expenses after incentive fees (4) 6.51 % 4.02 % 4.02 % 7.67 % 5.46 % 5.46 % 4.83 % 4.83 % 6.90 % 4.83 % 4.80 % Total return before incentive fees (2) -12.23 % -11.84 % -11.79 % -14.14 % -13.77 % -13.71 % -10.62 % -10.52 % -10.98 % -10.60 % -10.53 % Total return after incentive fees (2) -12.24 % -11.85 % -11.79 % -14.31 % -13.93 % -13.88 % -10.85 % -10.76 % -11.21 % -10.83 % -10.78 % Equinox Frontier Balanced Fund Equinox Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, March 31, 2015 $ 148.80 $ 151.80 $ 204.17 $ 174.76 $ 174.19 $ 106.16 $ 108.31 $ 143.73 Net operating results: Interest income 0.01 0.01 0.02 0.01 0.01 0.00 0.00 0.00 Expenses (1.71 ) (0.66 ) (0.89 ) (0.76 ) (0.76 ) (1.42 ) (0.70 ) (0.93 ) Net gain/(loss) on investments, net of non-controlling interests (15.28 ) (15.66 ) (21.06 ) (17.65 ) (17.59 ) (17.43 ) (17.87 ) (23.71 ) Net income/(loss) (16.98 ) (16.31 ) (21.93 ) (18.40 ) (18.34 ) (18.85 ) (18.57 ) (24.64 ) Net asset value, June 30, 2015 $ 131.82 $ 135.49 $ 182.24 $ 156.36 $ 155.85 $ 87.31 $ 89.74 $ 119.09 Ratios to average net assets (3) Net investment income/(loss) -4.76 % -1.76 % -1.76 % -1.76 % -1.76 % -5.81 % -2.81 % -2.81 % Expenses before incentive fees (4) 4.78 % 1.78 % 1.78 % 1.78 % 1.78 % 5.81 % 2.81 % 2.81 % Expenses after incentive fees (4) 4.79 % 1.79 % 1.79 % 1.79 % 1.79 % 5.81 % 2.81 % 2.81 % Total return before incentive fees (2) -11.40 % -10.74 % -10.73 % -10.52 % -10.52 % -17.76 % -17.15 % -17.14 % Total return after incentive fees (2) -11.41 % -10.74 % -10.74 % -10.53 % -10.53 % -17.76 % -17.15 % -17.14 % Equinox Frontier Winton Fund Equinox Frontier Heritage Fund Class 1 Class 1AP Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, March 31, 2015 $ 191.90 $ 195.77 $ 248.56 $ 147.87 $ 150.86 $ 201.89 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (3.06 ) (1.76 ) (2.23 ) (2.01 ) (1.01 ) (1.35 ) Net gain/(loss) on investments, net of non-controlling interests (22.99 ) (23.55 ) (29.90 ) (19.76 ) (20.24 ) (27.09 ) Net income/(loss) (26.05 ) (25.31 ) (32.13 ) (21.77 ) (21.25 ) (28.44 ) Net asset value, June 30, 2015 $ 165.85 $ 170.46 $ 216.43 $ 126.10 $ 129.61 $ 173.45 Ratios to average net assets (3) Net investment income/(loss) -6.83 % -3.82 % -3.82 % -5.88 % -2.88 % -2.88 % Expenses before incentive fees (4) 6.83 % 3.82 % 3.82 % 5.88 % 2.88 % 2.88 % Expenses after incentive fees (4) 6.83 % 3.82 % 3.82 % 5.88 % 2.88 % 2.88 % Total return before incentive fees (2) -13.57 % -12.93 % -12.93 % -14.72 % -14.09 % -14.09 % Total return after incentive fees (2) -13.57 % -12.93 % -12.93 % -14.72 % -14.09 % -14.09 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. Equinox Frontier Diversified Fund Equinox Frontier Masters Fund Equinox Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 3 Class 1a Class 2a Class 3a Per unit operating performance (1) Net asset value, December 31, 2014 $ 113.09 $ 124.67 $ 115.03 $ 116.61 $ 128.53 $ 119.06 $ 138.30 $ 138.34 $ 101.12 $ 111.35 $ 111.77 Net operating results: Interest income 0.66 0.73 0.68 0.67 0.74 0.68 0.79 0.79 0.58 0.64 0.64 Expenses (7.34 ) (6.43 ) (5.94 ) (7.24 ) (6.53 ) (6.03 ) (5.86 ) (5.86 ) (5.42 ) (4.71 ) (4.73 ) Net gain/(loss) on investments, net of non-controlling interests 9.13 9.51 8.93 (0.03 ) (0.42 ) (0.26 ) 14.93 14.93 10.90 11.76 11.96 Net income/(loss) 2.46 3.82 3.67 (6.60 ) (6.21 ) (5.61 ) 9.86 9.86 6.05 7.68 7.87 Net asset value, June 30, 2015 $ 115.55 $ 128.49 $ 118.70 $ 110.01 $ 122.32 $ 113.45 $ 148.16 $ 148.20 $ 107.17 $ 119.03 $ 119.64 Ratios to average net assets (3) Net investment income/(loss) -8.11 % -5.63 % -5.63 % -8.60 % -6.39 % -6.39 % -5.01 % -5.01 % -7.10 % -5.01 % -4.94 % Expenses before incentive fees (4) 6.49 % 4.01 % 4.01 % 7.45 % 5.24 % 5.24 % 4.45 % 4.45 % 6.54 % 4.45 % 4.31 % Expenses after incentive fees (4) 9.18 % 6.70 % 6.70 % 9.71 % 7.49 % 7.49 % 6.04 % 6.04 % 8.13 % 6.04 % 5.97 % Total return before incentive fees (2) 4.86 % 5.75 % 5.88 % -3.40 % -2.57 % -2.45 % 8.72 % 8.72 % 7.57 % 8.49 % 8.70 % Total return after incentive fees (2) 2.18 % 3.06 % 3.19 % -5.66 % -4.83 % -4.71 % 7.13 % 7.13 % 5.98 % 6.90 % 7.04 % Equinox Frontier Balanced Fund Equinox Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2014 $ 131.54 $ 133.20 $ 179.16 $ 153.02 $ 152.52 $ 95.61 $ 96.82 $ 128.48 Net operating results: Interest income 0.02 0.02 0.03 0.02 0.02 0.00 0.00 0.00 Expenses (5.40 ) (3.35 ) (4.51 ) (3.86 ) (3.84 ) (3.89 ) (2.44 ) (3.24 ) Net gain/(loss) on investments, net of non-controlling interests 5.66 5.62 7.56 7.17 7.15 (4.41 ) (4.64 ) (6.15 ) Net income/(loss) 0.28 2.29 3.08 3.34 3.33 (8.30 ) (7.08 ) (9.39 ) Net asset value, June 30, 2015 $ 131.82 $ 135.49 $ 182.24 $ 156.36 $ 155.85 $ 87.31 $ 89.74 $ 119.09 Ratios to average net assets (3) Net investment income/(loss) -6.18 % -3.17 % -3.17 % -3.17 % -3.17 % -6.80 % -3.80 % -3.80 % Expenses before incentive fees (4) 4.78 % 1.77 % 1.77 % 1.77 % 1.77 % 5.79 % 2.79 % 2.79 % Expenses after incentive fees (4) 6.21 % 3.20 % 3.20 % 3.20 % 3.20 % 6.80 % 3.80 % 3.80 % Total return before incentive fees (2) 1.65 % 3.15 % 3.15 % 3.62 % 3.62 % -7.67 % -6.30 % -6.29 % Total return after incentive fees (2) 0.21 % 1.72 % 1.72 % 2.18 % 2.18 % -8.68 % -7.31 % -7.31 % Equinox Frontier Winton Fund Equinox Frontier Heritage Fund Class 1 Class 1AP Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2014 $ 175.95 $ 178.18 $ 226.23 $ 130.28 $ 131.93 $ 176.56 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (9.39 ) (6.81 ) (8.65 ) (5.46 ) (3.45 ) (4.62 ) Net gain/(loss) on investments, net of non-controlling interests (0.71 ) (0.91 ) (1.15 ) 1.28 1.13 1.51 Net income/(loss) (10.10 ) (7.72 ) (9.80 ) (4.18 ) (2.32 ) (3.11 ) Net asset value, June 30, 2015 $ 165.85 $ 170.46 $ 216.43 $ 126.10 $ 129.61 $ 173.45 Ratios to average net assets (3) Net investment income/(loss) -8.62 % -5.62 % -5.62 % -6.94 % -3.93 % -3.93 % Expenses before incentive fees (4) 6.87 % 3.86 % 3.86 % 5.96 % 2.96 % 2.96 % Expenses after incentive fees (4) 8.62 % 5.62 % 5.62 % 6.94 % 3.93 % 3.93 % Total return before incentive fees (2) -3.99 % -2.58 % -2.58 % -2.23 % -0.78 % -0.79 % Total return after incentive fees (2) -5.74 % -4.33 % -4.33 % -3.21 % -1.76 % -1.76 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. Equinox Frontier Diversified Fund (5) Equinox Frontier Masters Fund Equinox Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 3 Class 1a Class 2a Class 3a Per unit operating performance (1) Net asset value, March 31, 2014 $ 82.77 $ 90.05 $ 82.92 $ 87.30 $ 94.96 $ 87.80 $ 111.48 $ 111.51 $ 82.42 $ 89.56 $ 89.74 Net operating results: Interest income 0.22 0.24 0.22 0.25 0.28 0.26 0.32 0.32 0.24 0.26 0.26 Expenses (2.93 ) (2.66 ) (2.46 ) (2.42 ) (2.12 ) (1.97 ) (1.95 ) (1.95 ) (1.87 ) (1.57 ) (1.57 ) Net gain/(loss) on investments, net of non-controlling interests 6.71 7.18 6.69 7.84 8.45 7.88 2.32 2.32 1.97 2.07 2.13 Net income/(loss) 4.00 4.76 4.45 5.67 6.61 6.17 0.69 0.69 0.34 0.76 0.82 Net asset value, June 30, 2014 $ 86.77 $ 94.81 $ 87.37 $ 92.97 $ 101.57 $ 93.97 $ 112.17 $ 112.20 $ 82.76 $ 90.32 $ 90.56 Ratios to average net assets (3) Net investment income/(loss) -7.61 % -5.26 % -5.26 % -7.78 % -5.61 % -5.61 % -5.80 % -5.80 % -7.89 % -5.80 % -5.80 % Expenses before incentive fees (4) 6.82 % 4.47 % 4.47 % 8.26 % 6.09 % 6.09 % 6.96 % 6.96 % 9.04 % 6.96 % 6.96 % Expenses after incentive fees (4) 8.65 % 6.31 % 4.47 % 8.93 % 6.77 % 6.09 % 6.96 % 6.96 % 9.04 % 6.96 % 6.96 % Total return before incentive fees (2) 6.67 % 7.12 % 5.37 % 7.17 % 7.64 % 7.03 % 0.62 % 0.62 % 0.41 % 0.85 % 0.91 % Total return after incentive fees (2) 4.83 % 5.29 % 5.37 % 6.49 % 6.96 % 7.03 % 0.62 % 0.62 % 0.41 % 0.85 % 0.91 % Equinox Frontier Balanced Fund Equinox Frontier Select Fund Class 1 Class 2 Class 2a Class 3a Class 1 Class 2 Per unit operating performance (1) Net asset value, March 31, 2014 $ 101.99 $ 135.81 $ 115.17 $ 114.80 $ 75.01 $ 98.55 Net operating results: Interest income 0.01 0.01 0.01 0.01 0.00 0.00 Expenses (2.27 ) (2.02 ) (1.72 ) (1.71 ) (1.58 ) (1.34 ) Net gain/(loss) on investments, net of non-controlling interests 4.13 5.55 5.02 4.99 4.80 6.35 Net income/(loss) 1.87 3.54 3.31 3.29 3.22 5.01 Net asset value, June 30, 2014 $ 103.86 $ 139.35 $ 118.48 $ 118.09 $ 78.23 $ 103.56 Ratios to average net assets (3) Net investment income/(loss) -5.91 % -2.91 % -2.91 % -2.91 % -7.82 % -4.81 % Expenses before incentive fees (4) 4.94 % 1.93 % 1.93 % 1.93 % 7.63 % 4.63 % Expenses after incentive fees (4) 5.94 % 2.94 % 2.94 % 2.94 % 7.82 % 4.81 % Total return before incentive fees (2) 2.84 % 3.61 % 3.88 % 3.87 % 4.48 % 5.27 % Total return after incentive fees (2) 1.83 % 2.61 % 2.87 % 2.87 % 4.29 % 5.08 % Equinox Frontier Winton Fund Equinox Frontier Heritage Fund Class 1 Class 2 Class 1 Class 2 Per unit operating performance (1) Net asset value, March 31, 2014 $ 136.93 $ 172.12 $ 95.41 $ 126.41 Net operating results: Interest income 0.00 0.00 0.00 0.00 Expenses (4.21 ) (3.98 ) (2.38 ) (2.19 ) Net gain/(loss) on investments, net of non-controlling interests 12.35 15.58 9.55 12.71 Net income/(loss) 8.14 11.60 7.17 10.52 Net asset value, June 30, 2014 $ 145.07 $ 183.72 $ 102.58 $ 136.93 Ratios to average net assets (3) Net investment income/(loss) -8.34 % -5.34 % -7.41 % -4.41 % Expenses before incentive fees (4) 7.13 % 4.12 % 6.65 % 3.64 % Expenses after incentive fees (4) 8.34 % 5.34 % 7.41 % 4.41 % Total return before incentive fees (2) 7.16 % 7.95 % 8.28 % 9.09 % Total return after incentive fees (2) 5.94 % 6.74 % 7.51 % 8.32 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. (5) Class 3 began operations on February 24, 2014. Equinox Frontier Diversified Fund (5) Equinox Frontier Masters Fund Equinox Frontier Long/Short Commodity Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 3 Class 1a Class 2a Class 3a Per unit operating performance (1) Net asset value, December 31, 2013 $ 87.10 $ 94.35 $ 84.21 $ 91.83 $ 99.46 $ 91.91 $ 125.26 $ 125.30 $ 92.73 $ 100.34 $ 100.47 Net operating results: Interest income 0.45 0.49 0.45 0.53 0.58 0.54 0.71 0.71 0.52 0.57 0.57 Expenses (4.84 ) (4.22 ) (3.88 ) (4.17 ) (3.53 ) (3.30 ) (4.01 ) (3.97 ) (3.82 ) (3.20 ) (3.18 ) Net gain/(loss) on investments, net of non-controlling interests 4.06 4.19 6.59 4.78 5.06 4.82 (9.79 ) (9.84 ) (6.67 ) (7.39 ) (7.30 ) Net income/(loss) (0.33 ) 0.46 3.16 1.14 2.11 2.06 (13.09 ) (13.10 ) (9.97 ) (10.02 ) (9.91 ) Net asset value, June 30, 2014 $ 86.77 $ 94.81 $ 87.37 $ 92.97 $ 101.57 $ 93.97 $ 112.17 $ 112.20 $ 82.76 $ 90.32 $ 90.56 Ratios to average net assets (3) Net investment income/(loss) -8.08 % -5.75 % -5.75 % -7.67 % -5.53 % -5.53 % -5.71 % -5.71 % -7.79 % -5.71 % -5.71 % Expenses before incentive fees (4) 6.67 % 4.35 % 22.48 % 8.23 % 6.10 % 6.10 % 6.94 % 6.94 % 9.03 % 6.94 % 6.94 % Expenses after incentive fees (4) 9.17 % 6.84 % 22.48 % 8.90 % 6.76 % 6.10 % 6.94 % 6.94 % 9.03 % 6.94 % 6.94 % Total return before incentive fees (2) 2.12 % 2.98 % 3.75 % 1.90 % 2.78 % 2.24 % -10.45 % -10.45 % -10.75 % -9.99 % -9.86 % Total return after incentive fees (2) -0.38 % 0.49 % 3.75 % 1.24 % 2.12 % 2.24 % -10.45 % -10.45 % -10.75 % -9.99 % -9.86 % Equinox Frontier Balanced Fund Equinox Frontier Select Fund Class 1 Class 2 Class 2a Class 3a Class 1 Class 2 Per unit operating performance (1) Net asset value, December 31, 2013 $ 106.29 $ 140.49 $ 118.80 $ 118.41 $ 79.86 $ 104.14 Net operating results: Interest income 0.02 0.02 0.02 0.02 0.00 0.00 Expenses (4.05 ) (3.37 ) (2.86 ) (2.85 ) (2.93 ) (2.37 ) Net gain/(loss) on investments, net of non-controlling interests 1.60 2.21 2.52 2.51 1.30 1.79 Net income/(loss) (2.43 ) (1.14 ) (0.32 ) (0.32 ) (1.63 ) (0.58 ) Net asset value, June 30, 2014 $ 103.86 $ 139.35 $ 118.48 $ 118.09 $ 78.23 $ 103.56 Ratios to average net assets (3) Net investment income/(loss) -6.41 % -3.41 % -3.41 % -3.41 % -7.62 % -4.62 % Expenses before incentive fees (4) 4.92 % 1.92 % 1.92 % 1.92 % 7.45 % 4.45 % Expenses after incentive fees (4) 6.45 % 3.44 % 3.44 % 3.44 % 7.62 % 4.62 % Total return before incentive fees (2) -0.76 % 0.71 % 1.25 % 1.25 % -1.87 % -0.38 % Total return after incentive fees (2) -2.29 % -0.81 % -0.27 % -0.27 % -2.04 % -0.56 % Equinox Frontier Winton Fund Equinox Frontier Heritage Fund Class 1 Class 2 Class 1 Class 2 Per unit operating performance (1) Net asset value, December 31, 2013 $ 139.59 $ 174.17 $ 102.05 $ 134.21 Net operating results: Interest income 0.00 0.00 0.00 0.00 Expenses (6.51 ) (5.60 ) (3.85 ) (3.18 ) Net gain/(loss) on investments, net of non-controlling interests 11.99 15.15 4.38 5.90 Net income/(loss) 5.48 9.55 0.53 2.72 Net asset value, June 30, 2014 $ 145.07 $ 183.72 $ 102.58 $ 136.93 Ratios to average net assets (3) Net investment income/(loss) -8.27 % -5.27 % -7.22 % -4.22 % Expenses before incentive fees (4) 7.06 % 4.06 % 6.49 % 3.49 % Expenses after incentive fees (4) 8.27 % 5.27 % 7.22 % 4.22 % Total return before incentive fees (2) 5.13 % 6.69 % 1.25 % 2.76 % Total return after incentive fees (2) 3.93 % 5.48 % 0.52 % 2.03 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. (5) Class 3 began operations on February 24, 2014. |
Equinox Frontier Funds [Member] | |
Financial Highlights of Trust | The following information presents the financial highlights of the Trust for the three and six months ended June 30, 2015 and 2014. This data has been derived from the information presented in the consolidated financial statements. Three months ended 2015 2014 Ratios to average net assets (1) Net investment gain/(loss) (1) -4.48 % -6.06 % Expenses before incentive fees (3) 4.85 % 5.45 % Expenses after incentive fees (3) 4.89 % 6.49 % Total return before incentive fees (2) -13.25 % 4.84 % Total return after incentive fees (2) -13.28 % 3.81 % Six months ended 2015 2014 Ratios to average net assets (1) Net investment gain/(loss) (1) -6.37 % -6.28 % Expenses before incentive fees (3) 4.95 % 5.40 % Expenses after incentive fees (3) 6.79 % 6.74 % Total return before incentive fees (2) 1.27 % -0.31 % Total return after incentive fees (2) -0.57 % -1.65 % (1) Annualized with the exception of incentive fees. (2) Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Consolidated Statements of Operations of the Trust. See footnote 5. |
Derivative Instruments and He25
Derivative Instruments and Hedging Activities (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
The Series of Equinox Frontier Funds [Member] | |
Monthly Averages of Futures Contracts | The following tables summarize the monthly averages of futures contracts bought and sold for each respective Series of the Trust: For the Three Months Ended June 30, 2015 Monthly average contracts: Bought Sold Equinox Frontier Select Fund 546 584 Equinox Frontier Balanced Fund 1,797 1,774 Equinox Frontier Diversified Fund 2,769 2,726 For the Three Months Ended June 30, 2014 Monthly average contracts: Bought Sold Equinox Frontier Long/Short Commodity Fund 67 66 Equinox Frontier Balanced Fund 3,740 3,748 For the Six Months Ended June 30, 2015 Monthly average contracts: Bought Sold Equinox Frontier Select Fund 1,255 1,304 Equinox Frontier Balanced Fund 4,039 3,985 Equinox Frontier Diversified Fund 6,368 6,338 For the Six Months Ended June 30, 2014 Monthly average contracts: Bought Sold Equinox Frontier Long/Short Commodity Fund 3,593 3,902 Equinox Frontier Balanced Fund 8,390 8,355 Equinox Frontier Masters Fund 79 113 |
Realized Trading Revenue from Futures, Forwards and Options | The following tables summarize the trading revenues for the three and six months ended June 30, 2015 and 2014 by contract type: Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended June 30, 2015 Type of contract Equinox Frontier Select Equinox Frontier Equinox Frontier Metals $ (201,265 ) $ (370,488 ) $ (145,932 ) Currencies (645,245 ) (1,169,704 ) 259,547 Energies (440,367 ) 119,419 (612,864 ) Agriculturals (104,895 ) (75,520 ) (235,594 ) Interest rates (848,640 ) (1,397,750 ) 427,927 Stock indices 76,440 211,184 787,414 Realized trading income/(loss) (1) $ (2,163,972 ) $ (2,682,859 ) $ 480,498 Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended June 30, 2014 Type of contract Equinox Frontier Equinox Frontier Metals $ 21,000 $ (318,434 ) Currencies — (391,938 ) Energies 96,785 (96,424 ) Agriculturals (257,049 ) (138,369 ) Interest rates 3,989 2,409,585 Stock indices (9,090 ) 2,647,014 Realized trading income/(loss)(1) $ (144,365 ) $ 4,111,434 Realized Trading Revenue from Futures, Forwards and Options for the Six Months Ended June 30, 2015 Type of contract Equinox Frontier Select Equinox Frontier Equinox Frontier Metals $ (746,843 ) $ (744,338 ) $ (626,206 ) Currencies (311,552 ) 521,161 1,559,721 Energies 253,545 685,468 19,336 Agriculturals (132,603 ) (34,965 ) (192,326 ) Interest rates 206,485 712,111 5,125,887 Stock indices 852,623 2,453,383 2,995,255 Realized trading income/(loss) (1) $ 121,655 $ 3,592,820 $ 8,881,667 Realized Trading Revenue from Futures, Forwards and Options for the Six Months Ended June 30, 2014 Type of contract Equinox Frontier Equinox Frontier Equinox Frontier Metals $ (60,704 ) $ (988,064 ) $ (5,850 ) Currencies (278,672 ) (191,348 ) (130,109 ) Energies (1,920,468 ) (53,467 ) (783 ) Agriculturals (252,807 ) 159,728 (19,987 ) Interest rates (223,175 ) 5,794,195 471,687 Stock indices 154,966 3,009,552 10,927 Realized trading income/(loss)(1) $ (2,580,860 ) $ 7,730,596 $ 325,885 (1) Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended June 30, 2015 Type of contract Equinox Frontier Equinox Frontier Equinox Frontier Metals $ 138,192 $ (77,032 ) $ 6,780 Currencies (98,437 ) 165,879 (364,623 ) Energies (83,883 ) (84,762 ) (92,955 ) Agriculturals (516,454 ) 218,632 (521,317 ) Interest rates (139,963 ) (683,706 ) (1,291,495 ) Stock indices (202,114 ) (586,952 ) (820,705 ) Change in unrealized trading income/(loss) (1) $ (902,659 ) $ (1,047,941 ) $ (3,084,315 ) Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended June 30, 2014 Type of contract Equinox Frontier Equinox Frontier Metals $ 52,921 $ (4,268 ) Currencies (14,053 ) (18,442 ) Energies 51,961 219,801 Agriculturals 1,619,030 396,753 Interest rates 24,050 1,252,653 Stock indices 33,223 (1,222,734 ) Change in unrealized trading income/(loss)(1) $ 1,767,132 $ 623,763 Net Change in Open Trade Equity from Futures, Forwards and Options for the Six Months Ended June 30, 2015 Type of contract Equinox Frontier Equinox Frontier Equinox Frontier Metals $ 545,034 $ 7,712 $ 176,379 Currencies (26,264 ) (35,662 ) (1,067,105 ) Energies (744,229 ) (630,250 ) (403,177 ) Agriculturals (437,516 ) 113,791 (226,857 ) Interest rates (576,893 ) (931,136 ) (1,605,340 ) Stock indices (366,874 ) (938,211 ) (86,106 ) Change in unrealized trading income/(loss) (1) $ (1,606,742 ) $ (2,413,756 ) $ (3,212,206 ) Net Change in Open Trade Equity from Futures, Forwards and Options for the Six Months Ended June 30, 2014 Type of contract Equinox Frontier Equinox Frontier Equinox Frontier Metals $ (162,388 ) $ (253,715 ) $ 73,476 Currencies (6,439 ) (190,539 ) (195,840 ) Energies 1,631,427 208,535 (135,932 ) Agriculturals (574,982 ) 564,384 (73,196 ) Interest rates 322,580 1,123,141 55,085 Stock indices (248,852 ) (2,987,207 ) 193,070 Change in unrealized trading income/(loss)(1) $ 961,346 $ (1,535,401 ) $ (83,337 ) (1) Amounts recorded in the Statements of Operations under Net change in open trade equity (deficit). |
Offsetting of Derivative Assets and Liabilities | The following tables present gross and net information about the Series’ assets and liabilities subject to master netting arrangements as disclosed on the statements of financial condition as of June 30, 2015 and December 31, 2014. As of June 30, 2015 Gross Amounts Gross Amounts Net Amounts Equinox Frontier Balanced Fund Open Trade Equity/(Deficit) $ 116,357 $ (895,320 ) $ (778,963 ) Swap Contracts 18,491,634 — 18,491,634 Equinox Frontier Diversified Fund Open Trade Equity/(Deficit) $ — $ (571,551 ) $ (571,551 ) Options Purchased 374,470 — 374,470 Options Written — (219,660 ) (219,660 ) Swap Contracts $ 7,615,169 $ — 7,615,169 Equinox Frontier Long/Short Commodity Fund Swap Contracts $ 4,304,209 $ — 4,304,209 Equinox Frontier Heritage Fund Swap Contracts $ 7,809,251 $ — 7,809,251 Equinox Frontier Select Fund Open Trade Equity/(Deficit) $ 153,408 $ (97,452 ) $ 55,956 As of December 31, 2014 Gross Amounts Gross Amounts Net Amounts Equinox Frontier Balanced Fund Open Trade Equity/(Deficit) $ 4,281,391 $ (983,842 ) $ 3,297,549 Swap Contracts 18,246,954 — 18,246,954 Equinox Frontier Diversified Fund Open Trade Equity/(Deficit) $ 3,215,206 $ — $ 3,215,206 Options Purchased 288,413 — 288,413 Options Written — (253,018 ) (253,018 ) Swap Contracts 6,570,408 — 6,570,408 Equinox Frontier Long/Short Commodity Fund Swap Contracts $ 3,633,060 $ — $ 3,633,060 Equinox Frontier Heritage Fund Swap Contracts $ 7,540,465 $ — $ 7,540,465 |
Equinox Frontier Funds [Member] | |
Realized Trading Revenue from Futures, Forwards and Options | The following tables summarize the trading revenues for the three and six months ended June 30, 2015 and 2014 by contract type: Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended June 30, 2015 Type of contract Metals $ 787,054 Currencies 322,356 Energies 3,239,657 Agriculturals 250,296 Interest rates (4,205,211 ) Stock indices (3,588,047 ) Change in unrealized trading income/(loss) (1) $ (3,193,895 ) Net Change in Open Trade Equity from Futures, Forwards and Options for the Six Months Ended June 30, 2015 Type of contract Metals $ 891,238 Currencies (2,005,957 ) Energies (4,686,989 ) Agriculturals 438,060 Interest rates (4,395,416 ) Stock indices (3,736,272 ) Change in unrealized trading income/(loss) (1) $ (13,495,336 ) (1) Amounts recorded in the Consolidate Statement of Operations under net change in open trade equity (deficit), at fair value. Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended June 30, 2015 Type of contract Metals $ (1,671,013 ) Currencies (5,995,199 ) Energies (6,800,965 ) Agriculturals 66,907 Interest rates (1,770,084 ) Stock indices 1,991,665 Realized trading income/(loss) (1) $ (14,178,689 ) Realized Trading Revenue from Futures, Forwards and Options for the Six Months Ended June 30, 2015 Type of contract Metals $ (3,529,813 ) Currencies 4,134,192 Energies 4,751,972 Agriculturals (81,778 ) Interest rates 8,150,824 Stock indices 12,383,579 Realized trading income/(loss) (1) $ 25,808,976 (1) Amounts recorded in the Consolidated Statements of Operations under net realized gain/(loss) on futures, forwards and options Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended June 30, 2014 Type of contract Metals $ 1,029,170 Currencies 450,876 Energies 300,637 Agriculturals 749,674 Interest rates 4,544,705 Stock indices (1,089,139 ) Change in unrealized trading income/(loss) (1) $ 5,985,923 Net Change in Open Trade Equity from Futures, Forwards and Options for the Six Months Ended June 30, 2014 Type of contract Metals $ (947,051 ) Currencies (3,956,074 ) Energies 1,967,434 Agriculturals (471,767 ) Interest rates 4,765,842 Stock indices (6,400,414 ) Change in unrealized trading income/(loss) (1) $ (5,042,030 ) (1) Amounts recorded in the Consolidate Statement of Operations under net change in open trade equity (deficit), at fair value. Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended June 30, 2014 Type of contract Metals $ (2,663,349 ) Currencies (786,959 ) Energies (234,908 ) Agriculturals (1,684,548 ) Interest rates 4,682,671 Stock indices 6,048,688 Realized trading income/(loss) (1) $ 5,361,595 Realized Trading Revenue from Futures, Forwards and Options for the Six Months Ended June 30, 2014 Type of contract Metals $ (3,401,979 ) Currencies (441,730 ) Energies (1,894,183 ) Agriculturals (1,738,025 ) Interest rates 7,301,379 Stock indices 5,687,637 Realized trading income/(loss) (1) $ 5,513,099 (1) Amounts recorded in the Consolidated Statements of Operations under net realized gain/(loss) on futures, forwards and options |
Offsetting of Derivative Assets and Liabilities | The following tables present gross and net information about the Trust’s assets and liabilities subject the master netting arrangements as disclosed on the consolidated statements of financial condition as of June 30, 2015 and December 31, 2014: Offsetting of Derivative Assets and Liabilities As of June 30, 2015 Gross Amounts Gross Amounts Net Amounts Open Trade Equity/(Deficit) $ — $ (17,281 ) $ (17,281 ) Options Purchased 3,819,429 — 3,819,429 Options Written — (2,581,870 ) (2,581,870 ) Swap Contracts 38,220,263 — 38,220,263 Offsetting of Derivative Assets and Liabilities As of December 31, 2014 Gross Amounts Gross Amounts Net Amounts Open Trade Equity/(Deficit) $ 17,120,111 $ (2,295,689 ) $ 14,824,422 Options Purchased 9,075,883 — 9,075,883 Options Written — (8,963,838 ) (8,963,838 ) Swap Contracts 35,990,887 — 35,990,887 |
Organization and Purpose - Addi
Organization and Purpose - Additional Information (Detail) - USD ($) | 1 Months Ended | 6 Months Ended |
Jan. 31, 2015 | Jun. 30, 2015 | |
Organization [Line Items] | ||
Net increase from payments by Managing owner | $ 1,211,610 | |
The Series of Equinox Frontier Funds [Member] | ||
Organization [Line Items] | ||
Managing owner contributions to the series of the trust | 1.00% | |
The Series of Equinox Frontier Funds [Member] | Emil Van Essen Trading [Member] | ||
Organization [Line Items] | ||
Net increase from payments by Managing owner | $ 1,211,610 | |
The Series of Equinox Frontier Funds [Member] | Class 1 or Class 1a [Member] | ||
Organization [Line Items] | ||
Percentage of NAV charged as a service fees | 3.00% | |
Amortized monthly annual rate | 3.00% | |
Redemption fee | 3.00% | |
The Series of Equinox Frontier Funds [Member] | Class 2 or Class 2a [Member] | ||
Organization [Line Items] | ||
Service fee | 0.50% | |
Service fee charged to limited owners | 0.25% | |
The Series of Equinox Frontier Funds [Member] | Minimum [Member] | ||
Organization [Line Items] | ||
Assets normally invested in one or more trading companies | 10.00% | |
The Series of Equinox Frontier Funds [Member] | Maximum [Member] | ||
Organization [Line Items] | ||
Assets normally invested in one or more trading companies | 30.00% | |
Equinox Frontier Winton Fund [Member] | ||
Organization [Line Items] | ||
Percentage of invested assets manages by trading company | 100.00% | |
Equinox Frontier Funds [Member] | ||
Organization [Line Items] | ||
Managing owner contributions to the series of the trust | 1.00% | |
Equinox Frontier Funds [Member] | Class 1 or Class 1a [Member] | ||
Organization [Line Items] | ||
Percentage of NAV charged as a service fees | 3.00% | |
Amortized monthly annual rate | 3.00% | |
Redemption fee | 3.00% | |
Equinox Frontier Funds [Member] | Class 2 or Class 2a [Member] | ||
Organization [Line Items] | ||
Service fee | 0.50% | |
Service fee charged to limited owners | 0.25% | |
Equinox Frontier Funds [Member] | Minimum [Member] | ||
Organization [Line Items] | ||
Assets normally invested in one or more trading companies | 10.00% | |
Equinox Frontier Funds [Member] | Maximum [Member] | ||
Organization [Line Items] | ||
Assets normally invested in one or more trading companies | 30.00% |
Significant Accounting Polici27
Significant Accounting Policies - Additional Information (Detail) - Jun. 30, 2015 | Total |
The Series of Equinox Frontier Funds [Member] | Class 1 or Class 1a [Member] | |
Significant Accounting Policies [Line Items] | |
Percentage of NAV charged as a service fees | 3.00% |
Amortized monthly annual rate | 3.00% |
Redemption fee | 3.00% |
The Series of Equinox Frontier Funds [Member] | Class 2 or Class 2a [Member] | |
Significant Accounting Policies [Line Items] | |
Service fee | 0.50% |
The Series of Equinox Frontier Funds [Member] | Class 2 [Member] | |
Significant Accounting Policies [Line Items] | |
Service fee | 0.25% |
The Series of Equinox Frontier Funds [Member] | Minimum [Member] | |
Significant Accounting Policies [Line Items] | |
Gross income of the Trust constitutes qualifying income | 90.00% |
Equinox Frontier Funds [Member] | |
Significant Accounting Policies [Line Items] | |
Interest allocated to each Series is paid to the Managing Owner | 20.00% |
Equinox Frontier Funds [Member] | Class 1 or Class 1a [Member] | |
Significant Accounting Policies [Line Items] | |
Percentage of NAV charged as a service fees | 3.00% |
Amortized monthly annual rate | 3.00% |
Redemption fee | 3.00% |
Equinox Frontier Funds [Member] | Class 2 or Class 2a [Member] | |
Significant Accounting Policies [Line Items] | |
Service fee | 0.50% |
Equinox Frontier Funds [Member] | Class 2 [Member] | |
Significant Accounting Policies [Line Items] | |
Service fee | 0.25% |
Equinox Frontier Funds [Member] | Minimum [Member] | |
Significant Accounting Policies [Line Items] | |
Gross income of the Trust constitutes qualifying income | 90.00% |
Equinox Frontier Balanced Fund [Member] | Class 1a, Class 2a and Class 3a [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Equinox Frontier Balanced Fund [Member] | Maximum [Member] | Class, Class 1AP and Class 2 [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% |
Equinox Frontier Select Fund [Member] | Maximum [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% |
Equinox Frontier Winton Fund [Member] | Maximum [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% |
Equinox Frontier Heritage Fund [Member] | Maximum [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% |
Equinox Frontier Diversified Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Equinox Frontier Diversified Fund [Member] | Maximum [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Equinox Frontier Long/Short Commodity Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Equinox Frontier Long/Short Commodity Fund [Member] | Maximum [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Equinox Frontier Masters Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Equinox Frontier Masters Fund [Member] | Maximum [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Fair Value Measurements - Finan
Fair Value Measurements - Financial Asset Portfolio, by Series, Measured at Fair Value on Recurring Basis (Detail) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Swap Contracts | $ 38,220,263 | $ 35,990,887 |
U.S. Treasury Securities | 128,817,968 | 139,953,516 |
Purchased Options | 3,819,429 | 9,075,883 |
Options Written | (2,581,870) | (8,963,838) |
Equinox Frontier Diversified Fund [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Swap Contracts | 7,615,169 | 6,570,408 |
U.S. Treasury Securities | 29,071,240 | 31,051,659 |
Purchased Options | 374,470 | 288,413 |
Options Written | (219,660) | (253,018) |
Equinox Frontier Diversified Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 6,198,464 | 6,594,379 |
Open Trade Equity (Deficit) | (571,551) | 3,215,206 |
Options Purchased | 374,470 | 288,413 |
Options Written | (219,660) | (253,018) |
Swap Contracts | 7,615,169 | 6,570,408 |
U.S. Treasury Securities | 29,071,240 | 31,051,659 |
Equinox Frontier Masters Fund [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
U.S. Treasury Securities | 11,913,754 | 16,217,173 |
Equinox Frontier Masters Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 8,767,520 | 7,901,978 |
U.S. Treasury Securities | 11,913,754 | 16,217,173 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Swap Contracts | 4,304,209 | 3,633,060 |
U.S. Treasury Securities | 6,743,330 | 8,191,519 |
Equinox Frontier Long/Short Commodity Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 3,896,994 | 3,814,854 |
Swap Contracts | 4,304,209 | 3,633,060 |
U.S. Treasury Securities | 6,743,330 | 8,191,519 |
Equinox Frontier Balanced Fund [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Swap Contracts | 18,491,634 | 18,246,954 |
U.S. Treasury Securities | 47,350,232 | 41,625,860 |
Equinox Frontier Balanced Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 14,333,796 | 18,343,927 |
Open Trade Equity (Deficit) | (778,963) | 3,297,549 |
Swap Contracts | 18,491,634 | 18,246,954 |
U.S. Treasury Securities | 47,350,232 | 41,625,860 |
Equinox Frontier Select Fund [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
U.S. Treasury Securities | 2,415,549 | 6,476,939 |
Equinox Frontier Select Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 4,013,269 | 8,102,141 |
Open Trade Equity (Deficit) | 55,956 | |
U.S. Treasury Securities | 2,415,549 | 6,476,939 |
Equinox Frontier Winton Fund [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
U.S. Treasury Securities | 25,617,478 | 29,593,974 |
Equinox Frontier Winton Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 6,749,039 | 7,479,658 |
U.S. Treasury Securities | 25,617,478 | 29,593,974 |
Equinox Frontier Heritage Fund [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Swap Contracts | 7,809,251 | 7,540,465 |
U.S. Treasury Securities | 5,706,384 | 6,796,392 |
Equinox Frontier Heritage Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 1,398,043 | 1,543,386 |
Swap Contracts | 7,809,251 | 7,540,465 |
U.S. Treasury Securities | 5,706,384 | 6,796,392 |
Equinox Frontier Funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Swap Contracts | 38,220,263 | 35,990,887 |
Equinox Frontier Funds [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Open Trade Equity (Deficit) | (17,281) | 14,824,422 |
Swap Contracts | 38,220,263 | 35,990,887 |
U.S. Treasury Securities | 128,817,968 | 139,953,516 |
Purchased Options | 3,819,429 | 9,075,883 |
Options Written | (2,581,870) | (8,963,838) |
Level 1 Inputs [Member] | Equinox Frontier Diversified Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 5,899,789 | 6,631,887 |
Open Trade Equity (Deficit) | (571,551) | 3,171,968 |
U.S. Treasury Securities | 29,071,240 | 31,051,659 |
Level 1 Inputs [Member] | Equinox Frontier Masters Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 8,598,866 | 7,942,166 |
U.S. Treasury Securities | 11,913,754 | 16,217,173 |
Level 1 Inputs [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 3,516,988 | 3,789,466 |
U.S. Treasury Securities | 6,743,330 | 8,191,519 |
Level 1 Inputs [Member] | Equinox Frontier Balanced Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 13,892,904 | 18,354,685 |
Open Trade Equity (Deficit) | (778,963) | 3,717,291 |
U.S. Treasury Securities | 47,350,232 | 41,625,860 |
Level 1 Inputs [Member] | Equinox Frontier Select Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 373,618 | 4,591,569 |
Open Trade Equity (Deficit) | 55,956 | |
U.S. Treasury Securities | 2,415,549 | 6,476,939 |
Level 1 Inputs [Member] | Equinox Frontier Winton Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 6,544,957 | 7,656,170 |
U.S. Treasury Securities | 25,617,478 | 29,593,974 |
Level 1 Inputs [Member] | Equinox Frontier Heritage Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 1,361,243 | 1,576,952 |
U.S. Treasury Securities | 5,706,384 | 6,796,392 |
Level 1 Inputs [Member] | Equinox Frontier Funds [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Open Trade Equity (Deficit) | 70,482 | 15,756,796 |
U.S. Treasury Securities | 128,817,968 | 139,953,516 |
Level 2 Inputs [Member] | Equinox Frontier Diversified Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 298,675 | (37,508) |
Open Trade Equity (Deficit) | 43,238 | |
Options Purchased | 374,470 | 288,413 |
Options Written | (219,660) | (253,018) |
Level 2 Inputs [Member] | Equinox Frontier Masters Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 168,654 | (40,188) |
Level 2 Inputs [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 380,006 | 25,388 |
Level 2 Inputs [Member] | Equinox Frontier Balanced Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 440,892 | (10,758) |
Open Trade Equity (Deficit) | (419,742) | |
Level 2 Inputs [Member] | Equinox Frontier Select Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | (28,926) | |
Level 2 Inputs [Member] | Equinox Frontier Winton Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 204,082 | (176,512) |
Level 2 Inputs [Member] | Equinox Frontier Heritage Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 36,800 | (33,566) |
Level 2 Inputs [Member] | Equinox Frontier Funds [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Open Trade Equity (Deficit) | (87,763) | (932,374) |
Purchased Options | 3,819,429 | 9,075,883 |
Options Written | (2,581,870) | (8,963,838) |
Level 3 Inputs [Member] | Equinox Frontier Diversified Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Swap Contracts | 7,615,169 | 6,570,408 |
Level 3 Inputs [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Swap Contracts | 4,304,209 | 3,633,060 |
Level 3 Inputs [Member] | Equinox Frontier Balanced Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Swap Contracts | 18,491,634 | 18,246,954 |
Level 3 Inputs [Member] | Equinox Frontier Select Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment in Unconsolidated Trading Companies | 3,639,651 | 3,539,498 |
Level 3 Inputs [Member] | Equinox Frontier Heritage Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Swap Contracts | 7,809,251 | 7,540,465 |
Level 3 Inputs [Member] | Equinox Frontier Funds [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Swap Contracts | $ 38,220,263 | $ 35,990,887 |
Fair Value Measurements - Chang
Fair Value Measurements - Change in Level 3 Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Equinox Frontier Diversified Fund [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Change in fair value of investments in unconsolidated trading companies | $ 1,411,843 | $ (3,363,720) | $ (2,060,866) | $ (884,399) | |
Equinox Frontier Diversified Fund [Member] | Level 3 Inputs [Member] | Swap [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Balance of recurring Level 3 assets | 6,570,408 | 3,437,632 | $ 3,437,632 | ||
Included in earnings-realized | 0 | 0 | |||
Included in earnings-unrealized | 1,044,761 | 3,132,776 | |||
Proceeds from sales of investments of unconsolidated trading companies | 0 | 0 | |||
Change in ownership allocation of total return swaps | 0 | 0 | |||
Transfers in and/or out of Level 3 | 0 | 0 | |||
Balance of recurring Level 3 assets | 7,615,169 | 7,615,169 | 6,570,408 | ||
Equinox Frontier Long/Short Commodity Fund [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Change in fair value of investments in unconsolidated trading companies | 512,304 | 466,714 | (1,422,221) | 1,012,360 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Level 3 Inputs [Member] | Swap [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Balance of recurring Level 3 assets | 3,633,060 | 2,456,546 | 2,456,546 | ||
Included in earnings-realized | 0 | 0 | |||
Included in earnings-unrealized | (328,851) | 1,176,514 | |||
Purchases of investments | 1,000,000 | ||||
Proceeds from sales of investments of unconsolidated trading companies | 0 | 0 | |||
Change in ownership allocation of total return swaps | 0 | 0 | |||
Transfers in and/or out of Level 3 | 0 | 0 | |||
Balance of recurring Level 3 assets | 4,304,209 | 4,304,209 | 3,633,060 | ||
Equinox Frontier Balanced Fund [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Change in fair value of investments in unconsolidated trading companies | 854,236 | (197,789) | (4,668,213) | 3,884,435 | |
Equinox Frontier Balanced Fund [Member] | Level 3 Inputs [Member] | Swap [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Balance of recurring Level 3 assets | 18,246,954 | 10,122,003 | 10,122,003 | ||
Included in earnings-realized | 0 | 0 | |||
Included in earnings-unrealized | 244,680 | 8,124,951 | |||
Proceeds from sales of investments of unconsolidated trading companies | 0 | 0 | |||
Change in ownership allocation of total return swaps | 0 | 0 | |||
Transfers in and/or out of Level 3 | 0 | 0 | |||
Balance of recurring Level 3 assets | 18,491,634 | 18,491,634 | 18,246,954 | ||
Equinox Frontier Heritage Fund [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Change in fair value of investments in unconsolidated trading companies | 739,054 | (557,360) | (122,347) | (254,158) | |
Equinox Frontier Heritage Fund [Member] | Level 3 Inputs [Member] | Swap [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Balance of recurring Level 3 assets | 7,540,465 | 5,435,184 | 5,435,184 | ||
Included in earnings-realized | 0 | 0 | |||
Included in earnings-unrealized | 268,786 | 2,105,281 | |||
Proceeds from sales of investments of unconsolidated trading companies | 0 | 0 | |||
Change in ownership allocation of total return swaps | 0 | 0 | |||
Transfers in and/or out of Level 3 | 0 | 0 | |||
Balance of recurring Level 3 assets | 7,809,251 | 7,809,251 | 7,540,465 | ||
Equinox Frontier Select Fund [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Change in fair value of investments in unconsolidated trading companies | 856,713 | $ (768,926) | (175,736) | 328,501 | |
Equinox Frontier Select Fund [Member] | Level 3 Inputs [Member] | Unconsolidated Trading Company [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Balance of recurring Level 3 assets | 3,539,498 | 2,415,637 | 2,415,637 | ||
Change in fair value of investments in unconsolidated trading companies | 100,153 | 1,123,861 | |||
Proceeds from sales of investments of unconsolidated trading companies | 0 | 0 | |||
Change in ownership allocation | 0 | 0 | |||
Transfers in and/or out of Level 3 | 0 | 0 | |||
Balance of recurring Level 3 assets | 3,639,651 | 3,639,651 | 3,539,498 | ||
Equinox Frontier Funds [Member] | Level 3 Inputs [Member] | Swap [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Balance of recurring Level 3 assets | 35,990,887 | $ 21,455,529 | 21,455,529 | ||
Included in earnings-realized | 0 | 0 | |||
Included in earnings-unrealized | 1,229,376 | 14,535,358 | |||
Purchases of investments | 1,000,000 | ||||
Proceeds from sales of investments of unconsolidated trading companies | 0 | 0 | |||
Transfers in and/or out of Level 3 | 0 | 0 | |||
Balance of recurring Level 3 assets | $ 38,220,263 | $ 38,220,263 | $ 35,990,887 |
Fair Value Measurements - Cha30
Fair Value Measurements - Change in Unrealized Appreciation (Deprecation) Included in Statements of Operations Attributable to Level 3 Investments (Detail) - Level 3 Inputs [Member] - Swap [Member] - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Equinox Frontier Diversified Fund [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Balance of recurring Level 3 assets Included in earnings-unrealized | $ 1,044,760 | $ 3,132,776 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Balance of recurring Level 3 assets Included in earnings-unrealized | (328,851) | 1,176,514 |
Equinox Frontier Balanced Fund [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Balance of recurring Level 3 assets Included in earnings-unrealized | 244,680 | 8,120,996 |
Equinox Frontier Heritage Fund [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Balance of recurring Level 3 assets Included in earnings-unrealized | 268,786 | 2,105,281 |
Equinox Frontier Funds [Member] | ||
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items] | ||
Balance of recurring Level 3 assets Included in earnings-unrealized | $ 1,229,375 | $ 14,535,358 |
Swaps - Additional Information
Swaps - Additional Information (Detail) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Derivatives, Fair Value [Line Items] | ||
Swap contracts, fair value | $ 38,220,263 | $ 35,990,887 |
The Series of Equinox Frontier Funds [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Trust's assets deposited with over-the-counter counterparties | 8.30% | 7.00% |
Equinox Frontier Funds [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Trust's assets deposited with over-the-counter counterparties | 14.90% | 12.50% |
Swap contracts, fair value | $ 38,220,263 | $ 35,990,887 |
Swaps - Trust, with Respect to
Swaps - Trust, with Respect to Series, has Invested in Following Swaps (Detail) - Swap [Member] - DeutscheBank AG [Member] - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Frontier Brevan Howard swap (U.S.) [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 15,663,283 | $ 17,663,283 |
Termination Date | Mar. 26, 2018 | Mar. 26, 2018 |
Cash Collateral | $ 5,993,000 | $ 5,993,000 |
Swap Value | $ 1,816,251 | $ 1,547,466 |
Investee Returns | Total Returns | Total Returns |
Realized Gain/(Loss) | $ 0 | $ 0 |
Change in Unrealized Gain/(Loss) | 268,786 | 2,105,281 |
Fair Value | 7,809,251 | 7,540,466 |
Frontier XXXIV Balanced select swap (U.S.) [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 62,910,098 | $ 67,610,098 |
Termination Date | Aug. 2, 2018 | Aug. 2, 2018 |
Cash Collateral | $ 9,600,000 | $ 9,600,000 |
Swap Value | $ 8,891,634 | $ 8,646,955 |
Investee Returns | Total Returns | Total Returns |
Realized Gain/(Loss) | $ 0 | $ 0 |
Change in Unrealized Gain/(Loss) | 244,680 | 8,120,996 |
Fair Value | 18,491,634 | 18,246,955 |
Frontier XXXV Diversified select swap (U.S.) [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 30,500,000 | $ 35,500,000 |
Termination Date | Aug. 2, 2018 | Aug. 2, 2018 |
Cash Collateral | $ 3,400,000 | $ 3,400,000 |
Swap Value | $ 4,215,169 | $ 3,170,409 |
Investee Returns | Total Returns | Total Returns |
Realized Gain/(Loss) | $ 0 | $ 0 |
Change in Unrealized Gain/(Loss) | 1,044,760 | 3,132,777 |
Fair Value | 7,615,169 | 6,570,409 |
Frontier XXXVII L/S select swap (U.S.) [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 10,090,513 | $ 13,590,513 |
Termination Date | Aug. 7, 2018 | Aug. 7, 2018 |
Cash Collateral | $ 3,880,000 | $ 3,880,000 |
Swap Value | $ 424,209 | $ (246,940) |
Investee Returns | Total Returns | Total Returns |
Realized Gain/(Loss) | $ 0 | $ 0 |
Change in Unrealized Gain/(Loss) | (328,851) | 1,176,514 |
Fair Value | 4,304,209 | 3,633,060 |
Equinox Frontier Balanced Fund [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 62,910,098 | $ 67,610,098 |
Termination Date | Aug. 2, 2018 | Aug. 2, 2018 |
Cash Collateral | $ 9,600,000 | $ 9,600,000 |
Swap Value | $ 8,891,634 | $ 8,646,954 |
Investee Returns | Total Returns | Total Returns |
Realized Gain/(Loss) | $ 0 | $ 0 |
Change in Unrealized Gain/(Loss) | 244,680 | 8,120,996 |
Fair Value | 18,491,634 | 18,246,955 |
Equinox Frontier Diversified Fund [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 30,500,000 | $ 35,500,000 |
Termination Date | Aug. 2, 2018 | Aug. 2, 2018 |
Cash Collateral | $ 3,400,000 | $ 3,400,000 |
Swap Value | $ 4,215,169 | $ 3,170,408 |
Investee Returns | Total Returns | Total Returns |
Realized Gain/(Loss) | $ 0 | $ 0 |
Change in Unrealized Gain/(Loss) | 1,044,760 | 3,132,777 |
Fair Value | 7,615,169 | 6,570,409 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 10,090,513 | $ 13,590,513 |
Termination Date | Aug. 7, 2018 | Aug. 7, 2018 |
Cash Collateral | $ 3,880,000 | $ 2,880,000 |
Swap Value | $ 424,209 | $ 753,060 |
Investee Returns | Total Returns | Total Returns |
Realized Gain/(Loss) | $ 0 | $ 0 |
Change in Unrealized Gain/(Loss) | (328,851) | 1,176,514 |
Fair Value | 4,304,209 | 3,633,060 |
Equinox Frontier Heritage Fund [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 15,663,283 | $ 17,663,283 |
Termination Date | Mar. 26, 2018 | Mar. 26, 2018 |
Cash Collateral | $ 5,993,000 | $ 5,993,000 |
Swap Value | $ 1,816,251 | $ 1,547,465 |
Investee Returns | Total Returns | Total Returns |
Realized Gain/(Loss) | $ 0 | $ 0 |
Change in Unrealized Gain/(Loss) | 268,786 | 2,105,281 |
Fair Value | $ 7,809,251 | $ 7,540,466 |
Investments in Unconsolidated33
Investments in Unconsolidated Trading Companies - Investments in Unconsolidated Trading Companies (Detail) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | |
Equinox Frontier Diversified Fund [Member] | |||
Investment [Line Items] | |||
Investments in unconsolidated trading companies, at fair value | $ 6,198,464 | $ 6,594,379 | |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Companies I, II, VII, IX, XIV, XV, XXXIII and XXXVIII [Member] | |||
Investment [Line Items] | |||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 9.96% | 9.11% | |
Investments in unconsolidated trading companies, at fair value | $ 6,198,464 | $ 6,594,379 | |
Equinox Frontier Masters Fund [Member] | |||
Investment [Line Items] | |||
Investments in unconsolidated trading companies, at fair value | $ 8,767,520 | $ 7,901,978 | |
Equinox Frontier Masters Fund [Member] | Frontier Trading Companies II, XIV, XV and XXXVIII [Member] | |||
Investment [Line Items] | |||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 38.63% | 30.74% | |
Investments in unconsolidated trading companies, at fair value | $ 8,767,520 | $ 7,901,978 | |
Equinox Frontier Long/Short Commodity Fund [Member] | |||
Investment [Line Items] | |||
Investments in unconsolidated trading companies, at fair value | $ 3,896,994 | $ 3,814,854 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Frontier Trading Company I and XXXVIII [Member] | |||
Investment [Line Items] | |||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 24.26% | 22.96% | |
Investments in unconsolidated trading companies, at fair value | $ 3,896,994 | $ 3,814,854 | |
Equinox Frontier Balanced Fund [Member] | |||
Investment [Line Items] | |||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | [1] | 16.82% | |
Investments in unconsolidated trading companies, at fair value | $ 14,333,796 | $ 18,343,927 | |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Companies II, VII, XV and XXXVIII [Member] | |||
Investment [Line Items] | |||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 14.77% | 16.92% | |
Investments in unconsolidated trading companies, at fair value | $ 14,333,796 | $ 18,343,927 | |
Equinox Frontier Select Fund [Member] | |||
Investment [Line Items] | |||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | [1] | 0.00% | |
Investments in unconsolidated trading companies, at fair value | $ 4,013,269 | $ 8,102,141 | |
Equinox Frontier Select Fund [Member] | Frontier Trading Companies XV, XXXVIII and XXXIX [Member] | |||
Investment [Line Items] | |||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 20.83% | 53.06% | |
Investments in unconsolidated trading companies, at fair value | $ 4,013,269 | $ 8,102,141 | |
Equinox Frontier Winton Fund [Member] | |||
Investment [Line Items] | |||
Investments in unconsolidated trading companies, at fair value | $ 6,749,039 | $ 7,479,658 | |
Equinox Frontier Winton Fund [Member] | Frontier Trading Company II and XXXVIII [Member] | |||
Investment [Line Items] | |||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 18.35% | 18.68% | |
Investments in unconsolidated trading companies, at fair value | $ 6,749,039 | $ 7,479,658 | |
Equinox Frontier Heritage Fund [Member] | |||
Investment [Line Items] | |||
Investments in unconsolidated trading companies, at fair value | $ 1,398,043 | $ 1,543,386 | |
Equinox Frontier Heritage Fund [Member] | Frontier Trading Companies II and XXXVIII [Member] | |||
Investment [Line Items] | |||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 8.80% | 9.32% | |
Investments in unconsolidated trading companies, at fair value | $ 1,398,043 | $ 1,543,386 | |
[1] | Except for those items disclosed, no individual futures, forwards and option on futures contract position constituted greater than 1 percent of Net Asset Value. Accordingly, the number of contracts and expiration dates are not presented. |
Investments in Unconsolidated34
Investments in Unconsolidated Trading Companies - Equity in Earnings from Unconsolidated Trading Companies (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Frontier Trading Company I LLC [Member] | ||||
Investment [Line Items] | ||||
Net Income (Loss) | $ (4,517,305) | $ (4,517,305) | ||
Frontier Trading Company II LLC [Member] | ||||
Investment [Line Items] | ||||
Net Income (Loss) | $ (4,388,194) | (5,897,275) | $ (191,078) | (5,698,270) |
Frontier Trading Company VII, LLC [Member] | ||||
Investment [Line Items] | ||||
Net Income (Loss) | (4,822,846) | 4,125,871 | (5,413,258) | 4,125,871 |
Frontier Trading Company XV, LLC [Member] | ||||
Investment [Line Items] | ||||
Net Income (Loss) | 7,798 | 1,425,593 | ||
Frontier Trading Company XXXVIII, LLC [Member] | ||||
Investment [Line Items] | ||||
Net Income (Loss) | (1,445,375) | 1,167,391 | (1,830,357) | 7,796,844 |
Equinox Frontier Diversified Fund [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (118,589) | (255,625) | (231,843) | (582,800) |
Realized Gain/(Loss) | (2,141,766) | 1,576,944 | 3,047,711 | 1,919,359 |
Change in Unrealized Gain/(Loss) | 848,512 | 2,042,401 | (755,002) | (452,160) |
Net Income (Loss) | (1,411,843) | 3,363,720 | 2,060,866 | 884,399 |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company I LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (77,867) | (148,260) | ||
Realized Gain/(Loss) | 950,477 | 2,095,105 | ||
Change in Unrealized Gain/(Loss) | 1,028,045 | 421,786 | ||
Net Income (Loss) | 1,900,655 | 2,368,631 | ||
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company II LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (4,246) | (4,241) | (8,329) | (8,992) |
Realized Gain/(Loss) | (685,823) | 865,388 | 647,469 | 1,132,028 |
Change in Unrealized Gain/(Loss) | (420,717) | (8,894) | (548,028) | (293,721) |
Net Income (Loss) | (1,110,786) | 852,253 | 91,112 | 829,315 |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company VII, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (85,942) | (96,234) | (168,323) | (248,337) |
Realized Gain/(Loss) | (1,382,324) | (663,204) | 726,185 | (1,280,664) |
Change in Unrealized Gain/(Loss) | 1,810,489 | 608,781 | 587,363 | 370,672 |
Net Income (Loss) | 342,223 | (150,657) | 1,145,225 | (1,158,329) |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company XIV, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (41,516) | (101,125) | ||
Realized Gain/(Loss) | 249,214 | (378,786) | ||
Change in Unrealized Gain/(Loss) | 263,796 | 323,498 | ||
Net Income (Loss) | 471,494 | (156,413) | ||
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company XV, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (12,052) | (27,763) | ||
Realized Gain/(Loss) | (487,276) | 172,591 | ||
Change in Unrealized Gain/(Loss) | 155,923 | (786,997) | ||
Net Income (Loss) | (343,405) | (642,169) | ||
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company XXIII, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (17,919) | (11,949) | (37,701) | (24,150) |
Realized Gain/(Loss) | (151,523) | 789,665 | 721,086 | 1,073,089 |
Change in Unrealized Gain/(Loss) | (304,555) | 92,152 | (330,774) | 187,658 |
Net Income (Loss) | (473,997) | 869,868 | 352,611 | 1,236,597 |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (10,482) | (17,490) | (24,173) | |
Realized Gain/(Loss) | 77,904 | 952,971 | (894,004) | |
Change in Unrealized Gain/(Loss) | (236,705) | (463,563) | (675,056) | |
Net Income (Loss) | (169,283) | 471,918 | (1,593,233) | |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company XXXIX, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (11,766) | |||
Realized Gain/(Loss) | (127,320) | |||
Change in Unrealized Gain/(Loss) | (97,402) | |||
Net Income (Loss) | (236,488) | |||
Equinox Frontier Masters Fund [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (79,190) | (78,293) | (138,363) | (183,293) |
Realized Gain/(Loss) | (2,219,202) | 1,304,845 | 4,630,248 | 801,017 |
Change in Unrealized Gain/(Loss) | (615,494) | 617,789 | (4,310,012) | (626,809) |
Net Income (Loss) | (2,913,886) | 1,844,351 | 181,873 | (9,085) |
Equinox Frontier Masters Fund [Member] | Frontier Trading Company I LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (6,561) | (8,994) | (10,535) | (14,650) |
Realized Gain/(Loss) | (78,343) | 441,002 | 1,180,694 | 84,485 |
Change in Unrealized Gain/(Loss) | (920,425) | 166,625 | (1,058,847) | 656,689 |
Net Income (Loss) | (1,005,329) | 598,633 | 111,312 | 726,524 |
Equinox Frontier Masters Fund [Member] | Frontier Trading Company II LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (2,613) | (3,095) | (4,942) | (6,805) |
Realized Gain/(Loss) | (420,988) | 627,805 | 331,851 | 841,881 |
Change in Unrealized Gain/(Loss) | (264,127) | (8,751) | (335,234) | (248,924) |
Net Income (Loss) | (687,728) | 615,959 | (8,325) | 586,152 |
Equinox Frontier Masters Fund [Member] | Frontier Trading Company VII, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (50,573) | |||
Realized Gain/(Loss) | (775,283) | |||
Change in Unrealized Gain/(Loss) | 1,063,371 | |||
Net Income (Loss) | 237,515 | |||
Equinox Frontier Masters Fund [Member] | Frontier Trading Company XIV, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (36,029) | (28,979) | (95,138) | |
Realized Gain/(Loss) | 189,278 | 148,053 | (433,918) | |
Change in Unrealized Gain/(Loss) | 214,868 | (801,924) | 213,162 | |
Net Income (Loss) | 368,117 | (682,850) | (315,894) | |
Equinox Frontier Masters Fund [Member] | Frontier Trading Company XV, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (14,857) | (24,092) | (86,516) | (53,547) |
Realized Gain/(Loss) | (979,930) | 125,464 | 2,635,986 | 805,913 |
Change in Unrealized Gain/(Loss) | (372,004) | 287,803 | (1,948,507) | (875,590) |
Net Income (Loss) | (1,366,791) | 389,175 | 600,963 | (123,224) |
Equinox Frontier Masters Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (4,586) | (6,083) | (7,391) | (13,153) |
Realized Gain/(Loss) | 35,342 | (78,704) | 333,664 | (497,344) |
Change in Unrealized Gain/(Loss) | (122,309) | (42,756) | (165,500) | (372,146) |
Net Income (Loss) | (91,553) | (127,533) | 160,773 | (882,643) |
Equinox Frontier Long/Short Commodity Fund [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (66,500) | (88,266) | (153,236) | (93,209) |
Realized Gain/(Loss) | (1,431,010) | (537,985) | 1,582,694 | (831,145) |
Change in Unrealized Gain/(Loss) | 985,206 | 159,537 | (7,237) | (88,006) |
Net Income (Loss) | (512,304) | (466,714) | 1,422,221 | (1,012,360) |
Equinox Frontier Long/Short Commodity Fund [Member] | Frontier Trading Company VII, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (63,635) | (79,249) | (148,403) | (84,192) |
Realized Gain/(Loss) | (1,450,691) | (199,250) | 1,306,637 | (492,410) |
Change in Unrealized Gain/(Loss) | 1,054,760 | 450,592 | 125,916 | 202,711 |
Net Income (Loss) | (459,566) | 172,093 | 1,284,150 | (373,891) |
Equinox Frontier Long/Short Commodity Fund [Member] | Frontier Trading Company XVIII, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (9,017) | |||
Realized Gain/(Loss) | (338,735) | |||
Change in Unrealized Gain/(Loss) | (291,055) | |||
Net Income (Loss) | (638,807) | |||
Equinox Frontier Long/Short Commodity Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (2,865) | (4,833) | (9,017) | |
Realized Gain/(Loss) | 19,681 | 276,057 | (338,735) | |
Change in Unrealized Gain/(Loss) | (69,554) | (133,153) | (290,717) | |
Net Income (Loss) | (52,738) | 138,071 | (638,469) | |
Equinox Frontier Balanced Fund [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (204,154) | (1,083,802) | (400,857) | (433,151) |
Realized Gain/(Loss) | (1,989,930) | 998,348 | 5,558,996 | (3,362,437) |
Change in Unrealized Gain/(Loss) | 1,339,848 | 283,243 | (489,926) | (88,847) |
Net Income (Loss) | (854,236) | 197,789 | 4,668,213 | (3,884,435) |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company I LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (83,797) | (263,573) | (173,656) | (21,190) |
Realized Gain/(Loss) | 975,639 | 1,115,464 | 3,024,584 | (40,139) |
Change in Unrealized Gain/(Loss) | (208,851) | (362,505) | 28,819 | 887,729 |
Net Income (Loss) | 682,991 | 489,386 | 2,879,747 | 826,400 |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company II LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (5,791) | (12,088) | (10,988) | (12,125) |
Realized Gain/(Loss) | (937,794) | (686,492) | 749,066 | 1,514,527 |
Change in Unrealized Gain/(Loss) | (560,595) | 1,317,845 | (720,413) | (547,779) |
Net Income (Loss) | (1,504,180) | 619,265 | 17,665 | 954,623 |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company VII, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (97,027) | 36,410 | (189,079) | (237,492) |
Realized Gain/(Loss) | (1,669,662) | 685,775 | 646,642 | (1,772,506) |
Change in Unrealized Gain/(Loss) | 2,061,923 | (1,108,643) | 714,340 | 684,757 |
Net Income (Loss) | 295,234 | (386,458) | 1,171,903 | (1,325,241) |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company XIV, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (23,141) | (75,543) | ||
Realized Gain/(Loss) | 99,184 | (1,180,680) | ||
Change in Unrealized Gain/(Loss) | (416,179) | 610,861 | ||
Net Income (Loss) | (340,136) | (645,362) | ||
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company XV, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (231) | 22,806 | (124) | (44,315) |
Realized Gain/(Loss) | (492,925) | (867,989) | (217,025) | (299,183) |
Change in Unrealized Gain/(Loss) | 493,274 | 1,231,415 | 217,318 | (581,076) |
Net Income (Loss) | 118 | 386,232 | 169 | (924,574) |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (17,308) | (768,673) | (27,010) | (42,486) |
Realized Gain/(Loss) | 134,812 | 1,833,086 | 1,355,729 | (1,584,456) |
Change in Unrealized Gain/(Loss) | (445,903) | (991,089) | (729,990) | (1,141,801) |
Net Income (Loss) | (328,399) | 73,324 | 598,729 | (2,768,743) |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company XXXIX, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (75,543) | |||
Realized Gain/(Loss) | (1,180,680) | |||
Change in Unrealized Gain/(Loss) | 612,399 | (1,538) | ||
Net Income (Loss) | (643,824) | (1,538) | ||
Equinox Frontier Select Fund [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (2,577) | (36,202) | (1,797) | (68,716) |
Realized Gain/(Loss) | 7,618 | 72,643 | 64,112 | 591,728 |
Change in Unrealized Gain/(Loss) | (863,332) | 732,485 | 113,421 | (851,513) |
Net Income (Loss) | (856,713) | 768,926 | 175,736 | (328,501) |
Equinox Frontier Select Fund [Member] | Frontier Trading Company XV, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (31,676) | (60,926) | ||
Realized Gain/(Loss) | 106,074 | (195) | 819,051 | |
Change in Unrealized Gain/(Loss) | (2) | 415,981 | 2,173 | (483,409) |
Net Income (Loss) | (2) | 490,379 | 1,978 | 274,716 |
Equinox Frontier Select Fund [Member] | Frontier Trading Company XXI, LLC [Member] | ||||
Investment [Line Items] | ||||
Change in Unrealized Gain/(Loss) | (967,125) | |||
Net Income (Loss) | (967,125) | |||
Equinox Frontier Select Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (2,577) | (2,970) | (1,797) | (6,234) |
Realized Gain/(Loss) | 7,618 | (33,431) | 64,307 | (227,323) |
Change in Unrealized Gain/(Loss) | (23,723) | (15,011) | (16,288) | (163,164) |
Net Income (Loss) | (17,104) | (51,412) | 46,222 | (396,721) |
Equinox Frontier Select Fund [Member] | Frontier Trading Company XXXIX, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (1,556) | (1,556) | ||
Change in Unrealized Gain/(Loss) | 127,518 | 331,515 | 127,536 | (204,940) |
Net Income (Loss) | 127,518 | 329,959 | 127,536 | (206,496) |
Equinox Frontier Winton Fund [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (24,510) | (23,444) | (43,669) | (46,933) |
Realized Gain/(Loss) | (2,346,023) | 2,681,301 | 2,637,993 | 2,993,464 |
Change in Unrealized Gain/(Loss) | (1,690,711) | (104,784) | (2,212,335) | (1,385,715) |
Net Income (Loss) | (4,061,244) | 2,553,073 | 381,989 | 1,560,816 |
Equinox Frontier Winton Fund [Member] | Frontier Trading Company II LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (14,911) | (13,657) | (28,184) | (27,607) |
Realized Gain/(Loss) | (2,419,574) | 2,787,074 | 1,889,892 | 3,664,132 |
Change in Unrealized Gain/(Loss) | (1,407,788) | (31,073) | (1,817,483) | (917,278) |
Net Income (Loss) | (3,842,273) | 2,742,344 | 44,225 | 2,719,247 |
Equinox Frontier Winton Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (9,599) | (9,787) | (15,485) | (19,326) |
Realized Gain/(Loss) | 73,551 | (105,773) | 748,101 | (670,668) |
Change in Unrealized Gain/(Loss) | (282,923) | (73,711) | (394,852) | (468,437) |
Net Income (Loss) | (218,971) | (189,271) | 337,764 | (1,158,431) |
Equinox Frontier Heritage Fund [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (4,848) | (5,696) | (8,676) | (11,626) |
Realized Gain/(Loss) | (419,134) | 591,742 | 548,259 | 621,012 |
Change in Unrealized Gain/(Loss) | (315,071) | (28,416) | (417,236) | (355,228) |
Net Income (Loss) | (739,054) | 557,360 | 122,347 | 254,158 |
Equinox Frontier Heritage Fund [Member] | Frontier Trading Company II LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (2,685) | (3,057) | (5,187) | (6,182) |
Realized Gain/(Loss) | (435,646) | 623,800 | 380,897 | 820,288 |
Change in Unrealized Gain/(Loss) | (252,853) | (6,880) | (330,929) | (205,585) |
Net Income (Loss) | (691,184) | 613,593 | 44,781 | 608,521 |
Equinox Frontier Heritage Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Investment [Line Items] | ||||
Trading Commissions | (2,163) | (2,639) | (3,489) | (5,444) |
Realized Gain/(Loss) | 16,512 | (32,058) | 167,362 | (199,276) |
Change in Unrealized Gain/(Loss) | (62,218) | (21,536) | (86,307) | (149,643) |
Net Income (Loss) | $ (47,870) | $ (56,233) | $ 77,566 | $ (354,363) |
Investments in Unconsolidated35
Investments in Unconsolidated Trading Companies - Statements of Financial Condition (Detail) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Investment [Line Items] | ||
Receivable from commission merchants | $ 61,682,864 | $ 65,911,348 |
Total Assets | 256,175,844 | 287,406,631 |
Frontier Trading Company II LLC [Member] | ||
Investment [Line Items] | ||
Receivable from commission merchants | 12,124,771 | 18,121,232 |
Open trade equity/(deficit) | (278,805) | 2,107,459 |
Interest receivable/(payable) | 78 | 607 |
Total Assets | 11,846,044 | 20,229,298 |
Members' equity | 11,846,044 | 20,229,298 |
Frontier Trading Company VII, LLC [Member] | ||
Investment [Line Items] | ||
Receivable from commission merchants | 6,069,994 | 1,834,790 |
Open trade equity/(deficit) | 3,259,443 | 3,617,656 |
Interest receivable/(payable) | (40) | (160) |
Total Assets | 9,329,397 | 5,452,286 |
Members' equity | 9,329,397 | 5,452,286 |
Frontier Trading Company XXXVIII, LLC [Member] | ||
Investment [Line Items] | ||
Receivable from commission merchants | 6,984,925 | 4,826,699 |
Open trade equity/(deficit) | (620,620) | 256,729 |
Interest receivable/(payable) | 277 | 7 |
Total Assets | 6,364,582 | 5,083,435 |
Members' equity | $ 6,364,582 | 5,083,435 |
Frontier Trading Company I LLC [Member] | ||
Investment [Line Items] | ||
Receivable from commission merchants | 13,015,321 | |
Open trade equity/(deficit) | 2,937,971 | |
Interest receivable/(payable) | (2,291) | |
Total Assets | 15,951,001 | |
Members' equity | 15,951,001 | |
Frontier Trading Company XV, LLC [Member] | ||
Investment [Line Items] | ||
Receivable from commission merchants | 11,072,355 | |
Open trade equity/(deficit) | 3,510,148 | |
Interest receivable/(payable) | 817 | |
Total Assets | 14,583,320 | |
Members' equity | $ 14,583,320 |
Investments in Unconsolidated36
Investments in Unconsolidated Trading Companies - Condensed Statements of Income (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Investment [Line Items] | ||||
Change in open trade equity/(deficit) | $ (3,193,895) | $ 5,985,923 | $ (13,495,336) | $ (5,042,030) |
Frontier Trading Company I LLC [Member] | ||||
Investment [Line Items] | ||||
Interest income | 12,520 | 12,520 | ||
Net realized gain/(loss) on investments, less | (4,217,338) | (4,217,338) | ||
Change in open trade equity/(deficit) | (312,487) | (312,487) | ||
Net Income (Loss) | (4,517,305) | (4,517,305) | ||
Frontier Trading Company II LLC [Member] | ||||
Investment [Line Items] | ||||
Interest income | (1,243) | (1,560) | (1,630) | (2,520) |
Net realized gain/(loss) on investments, less | (3,431,043) | (5,965,412) | (3,941,511) | (7,909,584) |
Change in open trade equity/(deficit) | (955,908) | 69,697 | 3,752,063 | 2,213,834 |
Net Income (Loss) | (4,388,194) | (5,897,275) | (191,078) | (5,698,270) |
Frontier Trading Company VII, LLC [Member] | ||||
Investment [Line Items] | ||||
Interest income | 479 | 857 | 589 | 857 |
Net realized gain/(loss) on investments, less | (8,596,912) | 5,454,372 | (5,937,702) | 5,454,372 |
Change in open trade equity/(deficit) | 3,773,587 | (1,329,358) | 523,855 | (1,329,358) |
Net Income (Loss) | (4,822,846) | 4,125,871 | (5,413,258) | 4,125,871 |
Frontier Trading Company XV, LLC [Member] | ||||
Investment [Line Items] | ||||
Interest income | 2,012 | 2,237 | ||
Net realized gain/(loss) on investments, less | 1,510,226 | (1,313,834) | ||
Change in open trade equity/(deficit) | (1,504,440) | 2,737,190 | ||
Net Income (Loss) | 7,798 | 1,425,593 | ||
Frontier Trading Company XXXVIII, LLC [Member] | ||||
Investment [Line Items] | ||||
Interest income | 707 | 497 | 707 | 1,916 |
Net realized gain/(loss) on investments, less | (2,837,649) | 735,318 | (3,827,270) | 4,531,142 |
Change in open trade equity/(deficit) | 1,391,567 | 431,576 | 1,996,206 | 3,263,786 |
Net Income (Loss) | $ (1,445,375) | $ 1,167,391 | $ (1,830,357) | $ 7,796,844 |
Transactions with Affiliates -
Transactions with Affiliates - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Diligence fees | 0.12% | ||||
Incentive fees payable to Managing Owner | $ 94,737 | $ 94,737 | $ 6,665,328 | ||
Management fees | 433,161 | 433,161 | 468,154 | ||
Interest payable to Managing Owner | 207,941 | 207,941 | 203,086 | ||
Trading fees payable to Managing Owner | 304,512 | 304,512 | $ 324,854 | ||
Incentive Fees | 94,738 | $ 2,554,722 | 4,997,512 | $ 3,552,049 | |
Management Fees | 1,280,518 | 1,498,648 | 2,569,188 | 3,128,333 | |
Trading Fees | 886,592 | 798,997 | 1,807,859 | 1,704,117 | |
Bornhoft Group Corporation [Member] | |||||
Managing Owner pays to Bornhoft Group Corporation, monthly fee of NAV of the Trust | 0.10% | ||||
Monthly service fee for investment and advisor services | 139,848 | 221,095 | |||
Bornhoft Group Corporation [Member] | First Year [Member] | |||||
Monthly service fee for investment and advisor services | $ 1,100,000 | ||||
Bornhoft Group Corporation [Member] | Second Year [Member] | |||||
Monthly service fee for investment and advisor services | 600,000 | ||||
Bornhoft Group Corporation [Member] | Third Year [Member] | |||||
Monthly service fee for investment and advisor services | 300,000 | ||||
Equinox Financial Group [Member] | |||||
Management Fees | 425,000 | 91,667 | 730,000 | 241,667 | |
Solon Capital, LLC [Member] | |||||
Managing and marketing services fee payment | $ 307,442 | 272,694 | $ 623,715 | 581,681 | |
The Series of Equinox Frontier Funds [Member] | |||||
Managing Owner contributions to Series percent | 1.00% | ||||
Minimum purchase commitment | 1.00% | 1.00% | |||
Interest income payment to managing owner | $ 593,987 | 579,315 | $ 1,197,024 | 1,277,706 | |
The Series of Equinox Frontier Funds [Member] | Class 1, Class 1AP And Class 1a [Member] | |||||
Service fee paid to managing owner for payment to selling agents | 3.00% | ||||
Equinox Frontier Balanced Fund [Member] | |||||
Incentive Fees | 25.00% | ||||
Prepaid service fees paid or owing | $ 4,500 | (2,936) | |||
Incentive fees payable to Managing Owner | 9,517 | 9,517 | 1,793,318 | ||
Management fees | 91,646 | 91,646 | 101,208 | ||
Interest payable to Managing Owner | 101,040 | 101,040 | 84,976 | ||
Trading fees payable to Managing Owner | 65,193 | 65,193 | 66,037 | ||
Trailing service fees payable to Managing Owner | 156,201 | 156,201 | 167,151 | ||
Incentive Fees | 9,517 | 902,054 | 1,496,474 | 1,453,340 | |
Management Fees | 267,377 | 264,152 | 526,972 | 554,537 | |
Service Fees-Class 1 | 556,081 | 492,255 | 1,118,882 | 1,041,703 | |
Trading Fees | $ 194,144 | 167,758 | $ 389,488 | 355,157 | |
Equinox Frontier Balanced Fund [Member] | Maximum [Member] | |||||
Trading fees | 0.75% | ||||
Equinox Frontier Balanced Fund [Member] | Class 1a and Class 2a [Member] | |||||
Managing Owner contributions to Series percent | 1.00% | ||||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% | 20.00% | |||
Equinox Frontier Balanced Fund [Member] | Class 1, Class 2 and Class 3 [Member] | |||||
Annual rate of management fees | 0.50% | ||||
Equinox Frontier Balanced Fund [Member] | Class, Class 1AP and Class 2 [Member] | Maximum [Member] | |||||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% | 2.00% | |||
Equinox Frontier Balanced Fund [Member] | Class1 and Class 2 [Member] | Maximum [Member] | |||||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% | 2.00% | |||
Equinox Frontier Balanced Fund [Member] | Class 1a, Class 2a and Class 3a [Member] | |||||
Annual rate of management fees | 1.00% | ||||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% | 20.00% | |||
Equinox Frontier Long/Short Commodity Fund [Member] | |||||
Incentive Fees | 20.00% | ||||
Prepaid service fees paid or owing | $ 530 | 21 | |||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% | 20.00% | |||
Incentive fees payable to Managing Owner | $ 40,149 | $ 40,149 | 158,660 | ||
Management fees | 45,710 | 45,710 | 45,361 | ||
Interest payable to Managing Owner | 3,616 | 3,616 | 3,713 | ||
Trading fees payable to Managing Owner | 21,626 | 21,626 | 24,436 | ||
Trailing service fees payable to Managing Owner | 9,149 | 9,149 | 10,562 | ||
Incentive Fees | 40,149 | 279,366 | |||
Management Fees | 131,237 | 223,050 | 254,273 | 509,680 | |
Service Fees-Class 1 | 29,629 | 30,304 | 61,529 | 68,868 | |
Trading Fees | $ 65,150 | 64,027 | $ 134,078 | 146,001 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Maximum [Member] | |||||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% | 20.00% | |||
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1a and Class 2a [Member] | |||||
Diligence fees | 0.12% | ||||
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1a and Class 2a [Member] | Maximum [Member] | |||||
Trading fees | 2.25% | ||||
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1, Class 2 and Class 3 [Member] | |||||
Annual rate of management fees | 3.50% | ||||
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1, Class 2 and Class 3 [Member] | Maximum [Member] | |||||
Trading fees | 0.75% | ||||
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1, Class 1AP, Class 2 And Class 3 [Member] | Maximum [Member] | |||||
Trading fees | 0.75% | ||||
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1a, Class 2a and Class 3a [Member] | |||||
Annual rate of management fees | 2.00% | ||||
Equinox Frontier Select Fund [Member] | |||||
Annual rate of management fees | 2.50% | ||||
Incentive Fees | 20.00% | ||||
Prepaid service fees paid or owing | $ 211 | (160) | |||
Incentive fees payable to Managing Owner | 185,791 | ||||
Management fees | $ 26,065 | 26,065 | 27,835 | ||
Interest payable to Managing Owner | 6,451 | 6,451 | 13,263 | ||
Trading fees payable to Managing Owner | 9,285 | 9,285 | 10,119 | ||
Trailing service fees payable to Managing Owner | 29,617 | 29,617 | 32,520 | ||
Incentive Fees | 26,677 | 158,971 | 26,677 | ||
Management Fees | 78,206 | 140,286 | 158,278 | 278,724 | |
Service Fees-Class 1 | 101,967 | 97,799 | 208,868 | 203,387 | |
Trading Fees | $ 28,454 | 27,150 | $ 58,347 | 56,552 | |
Equinox Frontier Select Fund [Member] | Maximum [Member] | |||||
Trading fees | 0.75% | ||||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% | 2.00% | |||
Equinox Frontier Winton Fund [Member] | |||||
Annual rate of management fees | 2.00% | ||||
Incentive Fees | 20.00% | ||||
Prepaid service fees paid or owing | $ 7,984 | (3,280) | |||
Incentive fees payable to Managing Owner | 1,178,364 | ||||
Management fees | $ 102,252 | 102,252 | 114,823 | ||
Interest payable to Managing Owner | 61,319 | 61,319 | 63,722 | ||
Trading fees payable to Managing Owner | 24,963 | 24,963 | 26,690 | ||
Trailing service fees payable to Managing Owner | 46,288 | 46,288 | 52,753 | ||
Incentive Fees | 415,629 | 715,409 | 415,629 | ||
Management Fees | 307,212 | 287,648 | 630,317 | 568,021 | |
Service Fees-Class 1 | 198,125 | 177,981 | 403,462 | 360,945 | |
Trading Fees | $ 74,984 | 64,049 | $ 151,960 | 128,644 | |
Equinox Frontier Winton Fund [Member] | Maximum [Member] | |||||
Trading fees | 0.75% | ||||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% | 2.00% | |||
Equinox Frontier Heritage Fund [Member] | |||||
Annual rate of management fees | 2.50% | ||||
Incentive Fees | 20.00% | ||||
Prepaid service fees paid or owing | $ 595 | (1,171) | |||
Incentive fees payable to Managing Owner | 239,327 | ||||
Management fees | $ 23,699 | 23,699 | 27,944 | ||
Interest payable to Managing Owner | 13,738 | 13,738 | 14,543 | ||
Trading fees payable to Managing Owner | 8,305 | 8,305 | 8,676 | ||
Trailing service fees payable to Managing Owner | 19,744 | 19,744 | 20,964 | ||
Incentive Fees | 86,999 | 132,676 | 86,999 | ||
Management Fees | 70,986 | 81,966 | 148,884 | 161,975 | |
Service Fees-Class 1 | 74,974 | 65,875 | 151,991 | 138,600 | |
Trading Fees | $ 25,063 | 21,279 | $ 50,754 | 44,378 | |
Equinox Frontier Heritage Fund [Member] | Maximum [Member] | |||||
Trading fees | 0.75% | ||||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% | 2.00% | |||
Equinox Frontier Diversified Fund [Member] | |||||
Annual rate of management fees | 0.75% | ||||
Diligence fees | 0.12% | ||||
Incentive Fees | 25.00% | ||||
Prepaid service fees paid or owing | $ 1,173 | (2,476) | |||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% | 20.00% | |||
Incentive fees payable to Managing Owner | $ 4,000 | $ 4,000 | 2,387,825 | ||
Management fees | 83,476 | 83,476 | 86,486 | ||
Interest payable to Managing Owner | 15,798 | 15,798 | 16,168 | ||
Trading fees payable to Managing Owner | 124,327 | 124,327 | 132,984 | ||
Trailing service fees payable to Managing Owner | 36,650 | 36,650 | 34,905 | ||
Incentive Fees | 4,000 | 954,829 | 1,638,242 | 1,386,913 | |
Management Fees | 243,004 | 271,073 | 489,308 | 547,629 | |
Service Fees-Class 1 | 108,250 | 125,184 | 230,168 | 273,595 | |
Trading Fees | $ 351,096 | 307,242 | $ 721,898 | 649,807 | |
Equinox Frontier Diversified Fund [Member] | Maximum [Member] | |||||
Trading fees | 2.25% | ||||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% | 20.00% | |||
Equinox Frontier Masters Fund [Member] | |||||
Annual rate of management fees | 2.00% | ||||
Diligence fees | 0.12% | ||||
Incentive Fees | 20.00% | ||||
Prepaid service fees paid or owing | $ 74 | 1,264 | |||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% | 20.00% | |||
Incentive fees payable to Managing Owner | $ 41,071 | $ 41,071 | 722,043 | ||
Management fees | 60,312 | 60,312 | 64,497 | ||
Interest payable to Managing Owner | 5,738 | 5,738 | 6,898 | ||
Trading fees payable to Managing Owner | 50,813 | 50,813 | 55,912 | ||
Trailing service fees payable to Managing Owner | 15,452 | 15,452 | 17,260 | ||
Incentive Fees | 41,072 | 168,094 | 576,374 | 181,806 | |
Management Fees | 182,496 | 230,233 | 361,156 | 507,313 | |
Service Fees-Class 1 | 60,813 | 76,310 | 125,991 | 180,593 | |
Trading Fees | $ 147,701 | 147,195 | $ 301,334 | 323,110 | |
Equinox Frontier Masters Fund [Member] | Maximum [Member] | |||||
Trading fees | 2.25% | ||||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% | 20.00% | |||
Equinox Frontier Funds [Member] | |||||
Managing Owner contributions to Series percent | 1.00% | ||||
Minimum purchase commitment | 1.00% | 1.00% | |||
Incentive fees payable to Managing Owner | $ 94,737 | $ 94,737 | 6,665,328 | ||
Management fees | 433,161 | 433,161 | 468,154 | ||
Interest payable to Managing Owner | 207,941 | 207,941 | 203,086 | ||
Trading fees payable to Managing Owner | 304,512 | 304,512 | 324,854 | ||
Trailing service fees payable to Managing Owner | 313,101 | 313,101 | $ 336,115 | ||
Incentive Fees | 94,738 | 2,554,722 | 4,997,512 | 3,552,049 | |
Management Fees | 1,280,518 | 1,498,648 | 2,569,188 | 3,128,333 | |
Service Fees-Class 1 | 1,129,839 | 1,065,882 | 2,300,891 | 2,268,039 | |
Trading Fees | 886,592 | 798,997 | 1,807,859 | 1,704,117 | |
Prepaid service fees received or receivable | 14,977 | (7,682) | |||
Interest income payment to managing owner | $ 593,987 | 579,315 | $ 1,197,024 | 1,277,706 | |
Equinox Frontier Funds [Member] | Bornhoft Group Corporation [Member] | |||||
Managing Owner pays to Bornhoft Group Corporation, monthly fee of NAV of the Trust | 0.10% | 0.10% | |||
Monthly service fee for investment and advisor services | $ 139,848 | 221,095 | |||
Equinox Frontier Funds [Member] | Bornhoft Group Corporation [Member] | First Year [Member] | |||||
Monthly service fee for investment and advisor services | 1,100,000 | ||||
Equinox Frontier Funds [Member] | Bornhoft Group Corporation [Member] | Second Year [Member] | |||||
Monthly service fee for investment and advisor services | 600,000 | ||||
Equinox Frontier Funds [Member] | Bornhoft Group Corporation [Member] | Third Year [Member] | |||||
Monthly service fee for investment and advisor services | 300,000 | ||||
Equinox Frontier Funds [Member] | Equinox Financial Group [Member] | |||||
Management Fees | 425,000 | 91,667 | $ 730,000 | 241,667 | |
Equinox Frontier Funds [Member] | Solon Capital, LLC [Member] | |||||
Managing and marketing services fee payment | $ 307,442 | $ 272,694 | $ 623,715 | $ 581,681 | |
Equinox Frontier Funds [Member] | Class 1, Class 1AP And Class 1a [Member] | |||||
Service fee paid to managing owner for payment to selling agents | 3.00% |
Transactions with Affiliates 38
Transactions with Affiliates - Fees Earned by Managing owner (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Management Fees Provided For Service [Line Items] | ||||
Incentive Fee | $ 94,738 | $ 2,554,722 | $ 4,997,512 | $ 3,552,049 |
Management Fee | 1,280,518 | 1,498,648 | 2,569,188 | 3,128,333 |
Trading Fee | 886,592 | 798,997 | 1,807,859 | 1,704,117 |
Equinox Frontier Diversified Fund [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Incentive Fee | 4,000 | 954,829 | 1,638,242 | 1,386,913 |
Management Fee | 243,004 | 271,073 | 489,308 | 547,629 |
Service Fee | 108,250 | 125,184 | 230,168 | 273,595 |
Trading Fee | 351,096 | 307,242 | 721,898 | 649,807 |
Equinox Frontier Masters Fund [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Incentive Fee | 41,072 | 168,094 | 576,374 | 181,806 |
Management Fee | 182,496 | 230,233 | 361,156 | 507,313 |
Service Fee | 60,813 | 76,310 | 125,991 | 180,593 |
Trading Fee | 147,701 | 147,195 | 301,334 | 323,110 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Incentive Fee | 40,149 | 279,366 | ||
Management Fee | 131,237 | 223,050 | 254,273 | 509,680 |
Service Fee | 29,629 | 30,304 | 61,529 | 68,868 |
Trading Fee | 65,150 | 64,027 | 134,078 | 146,001 |
Equinox Frontier Balanced Fund [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Incentive Fee | 9,517 | 902,054 | 1,496,474 | 1,453,340 |
Management Fee | 267,377 | 264,152 | 526,972 | 554,537 |
Service Fee | 556,081 | 492,255 | 1,118,882 | 1,041,703 |
Trading Fee | 194,144 | 167,758 | 389,488 | 355,157 |
Equinox Frontier Select Fund [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Incentive Fee | 26,677 | 158,971 | 26,677 | |
Management Fee | 78,206 | 140,286 | 158,278 | 278,724 |
Service Fee | 101,967 | 97,799 | 208,868 | 203,387 |
Trading Fee | 28,454 | 27,150 | 58,347 | 56,552 |
Equinox Frontier Winton Fund [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Incentive Fee | 415,629 | 715,409 | 415,629 | |
Management Fee | 307,212 | 287,648 | 630,317 | 568,021 |
Service Fee | 198,125 | 177,981 | 403,462 | 360,945 |
Trading Fee | 74,984 | 64,049 | 151,960 | 128,644 |
Equinox Frontier Heritage Fund [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Incentive Fee | 86,999 | 132,676 | 86,999 | |
Management Fee | 70,986 | 81,966 | 148,884 | 161,975 |
Service Fee | 74,974 | 65,875 | 151,991 | 138,600 |
Trading Fee | $ 25,063 | $ 21,279 | $ 50,754 | $ 44,378 |
Transactions with Affiliates 39
Transactions with Affiliates - Fees Payable to Managing owner (Detail) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Management Fees Provided For Service [Line Items] | ||
Incentive Fees | $ 94,737 | $ 6,665,328 |
Management fees | 433,161 | 468,154 |
Trading Fees | 304,512 | 324,854 |
Equinox Frontier Diversified Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fees | 4,000 | 2,387,825 |
Management fees | 83,476 | 86,486 |
Interest Fees | 15,798 | 16,168 |
Service Fees | 36,650 | 34,905 |
Trading Fees | 124,327 | 132,984 |
Equinox Frontier Masters Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fees | 41,071 | 722,043 |
Management fees | 60,312 | 64,497 |
Interest Fees | 5,738 | 6,898 |
Service Fees | 15,452 | 17,260 |
Trading Fees | 50,813 | 55,912 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fees | 40,149 | 158,660 |
Management fees | 45,710 | 45,361 |
Interest Fees | 3,616 | 3,713 |
Service Fees | 9,149 | 10,562 |
Trading Fees | 21,626 | 24,436 |
Equinox Frontier Balanced Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fees | 9,517 | 1,793,318 |
Management fees | 91,646 | 101,208 |
Interest Fees | 101,040 | 84,976 |
Service Fees | 156,201 | 167,151 |
Trading Fees | 65,193 | 66,037 |
Equinox Frontier Select Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fees | 185,791 | |
Management fees | 26,065 | 27,835 |
Interest Fees | 6,451 | 13,263 |
Service Fees | 29,617 | 32,520 |
Trading Fees | 9,285 | 10,119 |
Equinox Frontier Winton Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fees | 1,178,364 | |
Management fees | 102,252 | 114,823 |
Interest Fees | 61,319 | 63,722 |
Service Fees | 46,288 | 52,753 |
Trading Fees | 24,963 | 26,690 |
Equinox Frontier Heritage Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fees | 239,327 | |
Management fees | 23,699 | 27,944 |
Interest Fees | 13,738 | 14,543 |
Service Fees | 19,744 | 20,964 |
Trading Fees | $ 8,305 | $ 8,676 |
Transactions with Affiliates 40
Transactions with Affiliates - Gross Interest Paid to the Managing owner (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Equinox Frontier Diversified Fund [Member] | Class 1 [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 11,399 | $ 13,962 | $ 24,840 | $ 32,290 |
Ratio to average net assets | 0.06% | 0.07% | 0.13% | 0.15% |
Equinox Frontier Diversified Fund [Member] | Class 2 [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 22,235 | $ 19,214 | $ 46,546 | $ 41,944 |
Ratio to average net assets | 0.06% | 0.07% | 0.13% | 0.14% |
Equinox Frontier Diversified Fund [Member] | Class 3 [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 5,152 | $ 699 | $ 9,714 | $ 860 |
Ratio to average net assets | 0.07% | 0.06% | 0.13% | 0.08% |
Equinox Frontier Masters Fund [Member] | Class 1 [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 7,621 | $ 10,192 | $ 15,782 | $ 25,974 |
Ratio to average net assets | 0.07% | 0.07% | 0.14% | 0.18% |
Equinox Frontier Masters Fund [Member] | Class 2 [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 6,063 | $ 6,395 | $ 12,344 | $ 14,025 |
Ratio to average net assets | 0.07% | 0.07% | 0.14% | 0.16% |
Equinox Frontier Masters Fund [Member] | Class 3 [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 3,480 | $ 1,270 | $ 6,829 | $ 1,677 |
Ratio to average net assets | 0.07% | 0.07% | 0.14% | 0.09% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2 [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 801 | $ 860 | $ 1,696 | $ 2,856 |
Ratio to average net assets | 0.06% | 0.07% | 0.13% | 0.24% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3 [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 4,837 | $ 5,172 | $ 10,011 | $ 12,025 |
Ratio to average net assets | 0.06% | 0.07% | 0.13% | 0.17% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1a [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 3,600 | $ 4,191 | $ 7,628 | $ 10,200 |
Ratio to average net assets | 0.06% | 0.07% | 0.13% | 0.18% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2a [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 1,075 | $ 1,393 | $ 2,263 | $ 3,544 |
Ratio to average net assets | 0.06% | 0.07% | 0.13% | 0.18% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3a [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 469 | $ 286 | $ 949 | $ 588 |
Ratio to average net assets | 0.06% | 0.07% | 0.13% | 0.15% |
Equinox Frontier Balanced Fund [Member] | Class 1 [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 224,354 | $ 214,182 | $ 430,704 | $ 479,990 |
Ratio to average net assets | 0.30% | 0.33% | 0.57% | 0.73% |
Equinox Frontier Balanced Fund [Member] | Class 2 [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 76,515 | $ 69,432 | $ 145,522 | $ 156,628 |
Ratio to average net assets | 0.30% | 0.33% | 0.57% | 0.74% |
Equinox Frontier Balanced Fund [Member] | Class 2a [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 358 | $ 309 | $ 680 | $ 650 |
Ratio to average net assets | 0.06% | 0.07% | 0.12% | 0.14% |
Equinox Frontier Balanced Fund [Member] | Class 3a [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 1,642 | $ 1,355 | $ 3,118 | $ 2,939 |
Ratio to average net assets | 0.06% | 0.07% | 0.11% | 0.14% |
Equinox Frontier Balanced Fund [Member] | Class 1AP [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 2,435 | $ 4,627 | ||
Ratio to average net assets | 0.01% | 0.02% | ||
Equinox Frontier Select Fund [Member] | Class 1 [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 17,252 | $ 39,857 | $ 41,323 | $ 89,879 |
Ratio to average net assets | 0.12% | 0.31% | 0.29% | 0.69% |
Equinox Frontier Select Fund [Member] | Class 2 [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 1,941 | $ 4,400 | $ 4,702 | $ 10,092 |
Ratio to average net assets | 0.12% | 0.31% | 0.29% | 0.70% |
Equinox Frontier Select Fund [Member] | Class 1AP [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 64 | $ 149 | ||
Ratio to average net assets | 0.00% | 0.00% | ||
Equinox Frontier Winton Fund [Member] | Class 1 [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 119,313 | $ 101,949 | $ 241,720 | $ 213,976 |
Ratio to average net assets | 0.44% | 0.43% | 0.89% | 0.90% |
Equinox Frontier Winton Fund [Member] | Class 2 [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 42,458 | $ 44,763 | $ 103,429 | $ 90,922 |
Ratio to average net assets | 0.31% | 0.43% | 0.76% | 0.87% |
Equinox Frontier Winton Fund [Member] | Class 1AP [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 177 | $ 354 | ||
Ratio to average net assets | 0.00% | 0.01% | ||
Equinox Frontier Heritage Fund [Member] | Class 1 [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 30,474 | $ 30,529 | $ 61,466 | $ 67,699 |
Ratio to average net assets | 0.30% | 0.35% | 0.60% | 0.77% |
Equinox Frontier Heritage Fund [Member] | Class 2 [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 10,079 | $ 8,905 | $ 20,247 | $ 18,948 |
Ratio to average net assets | 0.30% | 0.35% | 0.60% | 0.74% |
Equinox Frontier Heritage Fund [Member] | Class 1AP [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 193 | $ 381 | ||
Ratio to average net assets | 0.01% | 0.01% | ||
The Series of Equinox Frontier Funds [Member] | ||||
Management Fees Provided For Service [Line Items] | ||||
Gross amount paid to the managing owner | $ 593,987 | $ 579,315 | $ 1,197,024 | $ 1,277,706 |
Financial Highlights - Financia
Financial Highlights - Financial Highlights of Trust (Detail) - $ / shares | 3 Months Ended | 6 Months Ended | |||||||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||||||
Financial Highlights [Line Items] | |||||||||
Net investment gain/(loss) | [1] | (4.48%) | (6.06%) | (6.37%) | (6.28%) | ||||
Expenses before incentive fees | [2] | 4.85% | 5.45% | 4.95% | 5.40% | ||||
Expenses after incentive fees | [2] | 4.89% | 6.49% | 6.79% | 6.74% | ||||
Total return before incentive fees | [3] | (13.25%) | 4.84% | 1.27% | (0.31%) | ||||
Total return after incentive fees | [3] | (13.28%) | 3.81% | (0.57%) | (1.65%) | ||||
Equinox Frontier Diversified Fund [Member] | Class 1 [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 131.66 | $ 82.77 | $ 113.09 | $ 87.10 | ||||
Interest income | [4] | 0.32 | 0.22 | 0.66 | 0.45 | ||||
Expenses | [4] | (2.02) | (2.93) | (7.34) | (4.84) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (14.41) | 6.71 | 9.13 | 4.06 | ||||
Net income/(loss) | [4] | (16.11) | 4 | 2.46 | (0.33) | ||||
Net asset value per unit, Ending balance | [4] | $ 115.55 | $ 86.77 | $ 115.55 | $ 86.77 | ||||
Net investment gain/(loss) | (5.46%) | [1] | (7.61%) | [1] | (8.11%) | [1] | (8.08%) | [5] | |
Expenses before incentive fees | [6] | 6.50% | 6.82% | 6.49% | 6.67% | ||||
Expenses after incentive fees | [6] | 6.51% | 8.65% | 9.18% | 9.17% | ||||
Total return before incentive fees | (12.23%) | [7] | 6.67% | [7] | 4.86% | [7] | 2.12% | [5] | |
Total return after incentive fees | (12.24%) | [7] | 4.83% | [7] | 2.18% | [7] | (0.38%) | [5] | |
Equinox Frontier Diversified Fund [Member] | Class 2 [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 145.76 | $ 90.05 | $ 124.67 | $ 94.35 | ||||
Interest income | [4] | 0.36 | 0.24 | 0.73 | 0.49 | ||||
Expenses | [4] | (1.39) | (2.66) | (6.43) | (4.22) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (16.24) | 7.18 | 9.51 | 4.19 | ||||
Net income/(loss) | [4] | (17.27) | 4.76 | 3.82 | 0.46 | ||||
Net asset value per unit, Ending balance | [4] | $ 128.49 | $ 94.81 | $ 128.49 | $ 94.81 | ||||
Net investment gain/(loss) | (2.97%) | [1] | (5.26%) | [1] | (5.63%) | [1] | (5.75%) | [5] | |
Expenses before incentive fees | [6] | 4.01% | 4.47% | 4.01% | 4.35% | ||||
Expenses after incentive fees | [6] | 4.02% | 6.31% | 6.70% | 6.84% | ||||
Total return before incentive fees | (11.84%) | [7] | 7.12% | [7] | 5.75% | [7] | 2.98% | [5] | |
Total return after incentive fees | (11.85%) | [7] | 5.29% | [7] | 3.06% | [7] | 0.49% | [5] | |
Equinox Frontier Diversified Fund [Member] | Class 3 [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 134.57 | $ 82.92 | $ 115.03 | $ 84.21 | ||||
Interest income | [4] | 0.33 | 0.22 | 0.68 | 0.45 | ||||
Expenses | [4] | (1.28) | (2.46) | (5.94) | (3.88) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (14.92) | 6.69 | 8.93 | 6.59 | ||||
Net income/(loss) | [4] | (15.87) | 4.45 | 3.67 | 3.16 | ||||
Net asset value per unit, Ending balance | [4] | $ 118.70 | $ 87.37 | $ 118.70 | $ 87.37 | ||||
Net investment gain/(loss) | (2.97%) | [1] | (5.26%) | [1] | (5.63%) | [1] | (5.75%) | [5] | |
Expenses before incentive fees | [6] | 4.01% | 4.47% | 4.01% | 22.48% | ||||
Expenses after incentive fees | [6] | 4.02% | 4.47% | 6.70% | 22.48% | ||||
Total return before incentive fees | (11.79%) | [7] | 5.37% | [7] | 5.88% | [7] | 3.75% | [5] | |
Total return after incentive fees | (11.79%) | [7] | 5.37% | [7] | 3.19% | [7] | 3.75% | [5] | |
Equinox Frontier Masters Fund [Member] | Class 1 [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 128.38 | $ 87.30 | $ 116.61 | $ 91.83 | ||||
Interest income | [4] | 0.33 | 0.25 | 0.67 | 0.53 | ||||
Expenses | [4] | (2.44) | (2.42) | (7.24) | (4.17) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (16.26) | 7.84 | (0.03) | 4.78 | ||||
Net income/(loss) | [4] | (18.37) | 5.67 | (6.60) | 1.14 | ||||
Net asset value per unit, Ending balance | [4] | $ 110.01 | $ 92.97 | $ 110.01 | $ 92.97 | ||||
Net investment gain/(loss) | (6.56%) | [1] | (7.78%) | [1] | (8.60%) | [1] | (7.67%) | [5] | |
Expenses before incentive fees | [6] | 7.50% | 8.26% | 7.45% | 8.23% | ||||
Expenses after incentive fees | [6] | 7.67% | 8.93% | 9.71% | 8.90% | ||||
Total return before incentive fees | (14.14%) | [7] | 7.17% | [7] | (3.40%) | [7] | 1.90% | [5] | |
Total return after incentive fees | (14.31%) | [7] | 6.49% | [7] | (5.66%) | [7] | 1.24% | [5] | |
Equinox Frontier Masters Fund [Member] | Class 2 [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 142.12 | $ 94.96 | $ 128.53 | $ 99.46 | ||||
Interest income | [4] | 0.36 | 0.28 | 0.74 | 0.58 | ||||
Expenses | [4] | (1.97) | (2.12) | (6.53) | (3.53) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (18.19) | 8.45 | (0.42) | 5.06 | ||||
Net income/(loss) | [4] | (19.80) | 6.61 | (6.21) | 2.11 | ||||
Net asset value per unit, Ending balance | [4] | $ 122.32 | $ 101.57 | $ 122.32 | $ 101.57 | ||||
Net investment gain/(loss) | (4.36%) | [1] | (5.61%) | [1] | (6.39%) | [1] | (5.53%) | [5] | |
Expenses before incentive fees | [6] | 5.30% | 6.09% | 5.24% | 6.10% | ||||
Expenses after incentive fees | [6] | 5.46% | 6.77% | 7.49% | 6.76% | ||||
Total return before incentive fees | (13.77%) | [7] | 7.64% | [7] | (2.57%) | [7] | 2.78% | [5] | |
Total return after incentive fees | (13.93%) | [7] | 6.96% | [7] | (4.83%) | [7] | 2.12% | [5] | |
Equinox Frontier Masters Fund [Member] | Class 3 [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 131.73 | $ 87.80 | $ 119.06 | $ 91.91 | ||||
Interest income | [4] | 0.34 | 0.26 | 0.68 | 0.54 | ||||
Expenses | [4] | (1.82) | (1.97) | (6.03) | (3.30) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (16.80) | 7.88 | (0.26) | 4.82 | ||||
Net income/(loss) | [4] | (18.28) | 6.17 | (5.61) | 2.06 | ||||
Net asset value per unit, Ending balance | [4] | $ 113.45 | $ 93.97 | $ 113.45 | $ 93.97 | ||||
Net investment gain/(loss) | (4.36%) | [1] | (5.61%) | [1] | (6.39%) | [1] | (5.53%) | [5] | |
Expenses before incentive fees | [6] | 5.30% | 6.09% | 5.24% | 6.10% | ||||
Expenses after incentive fees | [6] | 5.46% | 6.09% | 7.49% | 6.10% | ||||
Total return before incentive fees | (13.71%) | [7] | 7.03% | [7] | (2.45%) | [7] | 2.24% | [5] | |
Total return after incentive fees | (13.88%) | [7] | 7.03% | [7] | (4.71%) | [7] | 2.24% | [5] | |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2 [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 166.20 | $ 111.48 | $ 138.30 | $ 125.26 | ||||
Interest income | [4] | 0.39 | 0.32 | 0.79 | 0.71 | ||||
Expenses | [4] | (2.12) | (1.95) | (5.86) | (4.01) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (16.31) | 2.32 | 14.93 | (9.79) | ||||
Net income/(loss) | [4] | (18.04) | 0.69 | 9.86 | (13.09) | ||||
Net asset value per unit, Ending balance | [4] | $ 148.16 | $ 112.17 | $ 148.16 | $ 112.17 | ||||
Net investment gain/(loss) | (3.82%) | [1] | (5.80%) | [1] | (5.01%) | [1] | (5.71%) | [5] | |
Expenses before incentive fees | [6] | 4.59% | 6.96% | 4.45% | 6.94% | ||||
Expenses after incentive fees | [6] | 4.83% | 6.96% | 6.04% | 6.94% | ||||
Total return before incentive fees | (10.62%) | [7] | 0.62% | [7] | 8.72% | [7] | (10.45%) | [5] | |
Total return after incentive fees | (10.85%) | [7] | 0.62% | [7] | 7.13% | [7] | (10.45%) | [5] | |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3 [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 166.06 | $ 111.51 | $ 138.34 | $ 125.30 | ||||
Interest income | [4] | 0.39 | 0.32 | 0.79 | 0.71 | ||||
Expenses | [4] | (2.12) | (1.95) | (5.86) | (3.97) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (16.13) | 2.32 | 14.93 | (9.84) | ||||
Net income/(loss) | [4] | (17.86) | 0.69 | 9.86 | (13.10) | ||||
Net asset value per unit, Ending balance | [4] | $ 148.20 | $ 112.20 | $ 148.20 | $ 112.20 | ||||
Net investment gain/(loss) | (3.82%) | [1] | (5.80%) | [1] | (5.01%) | [1] | (5.71%) | [5] | |
Expenses before incentive fees | [6] | 4.59% | 6.96% | 4.45% | 6.94% | ||||
Expenses after incentive fees | [6] | 4.83% | 6.96% | 6.04% | 6.94% | ||||
Total return before incentive fees | (10.52%) | [7] | 0.62% | [7] | 8.72% | [7] | (10.45%) | [5] | |
Total return after incentive fees | (10.76%) | [7] | 0.62% | [7] | 7.13% | [7] | (10.45%) | [5] | |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1a [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 120.70 | $ 82.42 | $ 101.12 | $ 92.73 | ||||
Interest income | [4] | 0.28 | 0.24 | 0.58 | 0.52 | ||||
Expenses | [4] | (2.11) | (1.87) | (5.42) | (3.82) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (11.70) | 1.97 | 10.90 | (6.67) | ||||
Net income/(loss) | [4] | (13.53) | 0.34 | 6.05 | (9.97) | ||||
Net asset value per unit, Ending balance | [4] | $ 107.17 | $ 82.76 | $ 107.17 | $ 82.76 | ||||
Net investment gain/(loss) | (5.89%) | [1] | (7.89%) | [1] | (7.10%) | [1] | (7.79%) | [5] | |
Expenses before incentive fees | [6] | 6.67% | 9.04% | 6.54% | 9.03% | ||||
Expenses after incentive fees | [6] | 6.90% | 9.04% | 8.13% | 9.03% | ||||
Total return before incentive fees | (10.98%) | [7] | 0.41% | [7] | 7.57% | [7] | (10.75%) | [5] | |
Total return after incentive fees | (11.21%) | [7] | 0.41% | [7] | 5.98% | [7] | (10.75%) | [5] | |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2a [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 133.49 | $ 89.56 | $ 111.35 | $ 100.34 | ||||
Interest income | [4] | 0.31 | 0.26 | 0.64 | 0.57 | ||||
Expenses | [4] | (1.70) | (1.57) | (4.71) | (3.20) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (13.07) | 2.07 | 11.76 | (7.39) | ||||
Net income/(loss) | [4] | (14.46) | 0.76 | 7.68 | (10.02) | ||||
Net asset value per unit, Ending balance | [4] | $ 119.03 | $ 90.32 | $ 119.03 | $ 90.32 | ||||
Net investment gain/(loss) | (3.82%) | [1] | (5.80%) | [1] | (5.01%) | [1] | (5.71%) | [5] | |
Expenses before incentive fees | [6] | 4.59% | 6.96% | 4.45% | 6.94% | ||||
Expenses after incentive fees | [6] | 4.83% | 6.96% | 6.04% | 6.94% | ||||
Total return before incentive fees | (10.60%) | [7] | 0.85% | [7] | 8.49% | [7] | (9.99%) | [5] | |
Total return after incentive fees | (10.83%) | [7] | 0.85% | [7] | 6.90% | [7] | (9.99%) | [5] | |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3a [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 134.09 | $ 89.74 | $ 111.77 | $ 100.47 | ||||
Interest income | [4] | 0.31 | 0.26 | 0.64 | 0.57 | ||||
Expenses | [4] | (1.71) | (1.57) | (4.73) | (3.18) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (13.05) | 2.13 | 11.96 | (7.30) | ||||
Net income/(loss) | [4] | (14.45) | 0.82 | 7.87 | (9.91) | ||||
Net asset value per unit, Ending balance | [4] | $ 119.64 | $ 90.56 | $ 119.64 | $ 90.56 | ||||
Net investment gain/(loss) | (3.79%) | [1] | (5.80%) | [1] | (4.94%) | [1] | (5.71%) | [5] | |
Expenses before incentive fees | [6] | 4.55% | 6.96% | 4.31% | 6.94% | ||||
Expenses after incentive fees | [6] | 4.80% | 6.96% | 5.97% | 6.94% | ||||
Total return before incentive fees | (10.53%) | [7] | 0.91% | [7] | 8.70% | [7] | (9.86%) | [5] | |
Total return after incentive fees | (10.78%) | [7] | 0.91% | [7] | 7.04% | [7] | (9.86%) | [5] | |
Equinox Frontier Balanced Fund [Member] | Class 1 [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 148.80 | $ 101.99 | $ 131.54 | $ 106.29 | ||||
Interest income | [4] | 0.01 | 0.01 | 0.02 | 0.02 | ||||
Expenses | [4] | (1.71) | (2.27) | (5.40) | (4.05) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (15.28) | 4.13 | 5.66 | 1.60 | ||||
Net income/(loss) | [4] | (16.98) | 1.87 | 0.28 | (2.43) | ||||
Net asset value per unit, Ending balance | [4] | $ 131.82 | $ 103.86 | $ 131.82 | $ 103.86 | ||||
Net investment gain/(loss) | [1] | (4.76%) | (5.91%) | (6.18%) | (6.41%) | ||||
Expenses before incentive fees | [6] | 4.78% | 4.94% | 4.78% | 4.92% | ||||
Expenses after incentive fees | [6] | 4.79% | 5.94% | 6.21% | 6.45% | ||||
Total return before incentive fees | (11.40%) | [7] | 2.84% | [7] | 1.65% | [7] | (0.76%) | [5] | |
Total return after incentive fees | (11.41%) | [7] | 1.83% | [7] | 0.21% | [7] | (2.29%) | [5] | |
Equinox Frontier Balanced Fund [Member] | Class 2 [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 204.17 | $ 135.81 | $ 179.16 | $ 140.49 | ||||
Interest income | [4] | 0.02 | 0.01 | 0.03 | 0.02 | ||||
Expenses | [4] | (0.89) | (2.02) | (4.51) | (3.37) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (21.06) | 5.55 | 7.56 | 2.21 | ||||
Net income/(loss) | [4] | (21.93) | 3.54 | 3.08 | (1.14) | ||||
Net asset value per unit, Ending balance | [4] | $ 182.24 | $ 139.35 | $ 182.24 | $ 139.35 | ||||
Net investment gain/(loss) | [1] | (1.76%) | (2.91%) | (3.17%) | (3.41%) | ||||
Expenses before incentive fees | [6] | 1.78% | 1.93% | 1.77% | 1.92% | ||||
Expenses after incentive fees | [6] | 1.79% | 2.94% | 3.20% | 3.44% | ||||
Total return before incentive fees | (10.73%) | [7] | 3.61% | [7] | 3.15% | [7] | 0.71% | [5] | |
Total return after incentive fees | (10.74%) | [7] | 2.61% | [7] | 1.72% | [7] | (0.81%) | [5] | |
Equinox Frontier Balanced Fund [Member] | Class 2a [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 174.76 | $ 115.17 | $ 153.02 | $ 118.80 | ||||
Interest income | [4] | 0.01 | 0.01 | 0.02 | 0.02 | ||||
Expenses | [4] | (0.76) | (1.72) | (3.86) | (2.86) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (17.65) | 5.02 | 7.17 | 2.52 | ||||
Net income/(loss) | [4] | (18.40) | 3.31 | 3.34 | (0.32) | ||||
Net asset value per unit, Ending balance | [4] | $ 156.36 | $ 118.48 | $ 156.36 | $ 118.48 | ||||
Net investment gain/(loss) | [1] | (1.76%) | (2.91%) | (3.17%) | (3.41%) | ||||
Expenses before incentive fees | [6] | 1.78% | 1.93% | 1.77% | 1.92% | ||||
Expenses after incentive fees | [6] | 1.79% | 2.94% | 3.20% | 3.44% | ||||
Total return before incentive fees | (10.52%) | [7] | 3.88% | [7] | 3.62% | [7] | 1.25% | [5] | |
Total return after incentive fees | (10.53%) | [7] | 2.87% | [7] | 2.18% | [7] | (0.27%) | [5] | |
Equinox Frontier Balanced Fund [Member] | Class 3a [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 174.19 | $ 114.80 | $ 152.52 | $ 118.41 | ||||
Interest income | [4] | 0.01 | 0.01 | 0.02 | 0.02 | ||||
Expenses | [4] | (0.76) | (1.71) | (3.84) | (2.85) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (17.59) | 4.99 | 7.15 | 2.51 | ||||
Net income/(loss) | [4] | (18.34) | 3.29 | 3.33 | (0.32) | ||||
Net asset value per unit, Ending balance | [4] | $ 155.85 | $ 118.09 | $ 155.85 | $ 118.09 | ||||
Net investment gain/(loss) | [1] | (1.76%) | (2.91%) | (3.17%) | (3.41%) | ||||
Expenses before incentive fees | [6] | 1.78% | 1.93% | 1.77% | 1.92% | ||||
Expenses after incentive fees | [6] | 1.79% | 2.94% | 3.20% | 3.44% | ||||
Total return before incentive fees | (10.52%) | [7] | 3.87% | [7] | 3.62% | [7] | 1.25% | [5] | |
Total return after incentive fees | (10.53%) | [7] | 2.87% | [7] | 2.18% | [7] | (0.27%) | [5] | |
Equinox Frontier Balanced Fund [Member] | Class 1AP [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 151.80 | $ 133.20 | ||||||
Interest income | [4] | 0.01 | 0.02 | ||||||
Expenses | [4] | (0.66) | (3.35) | ||||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (15.66) | 5.62 | ||||||
Net income/(loss) | [4] | (16.31) | 2.29 | ||||||
Net asset value per unit, Ending balance | [4] | $ 135.49 | $ 135.49 | ||||||
Net investment gain/(loss) | [1] | (1.76%) | (3.17%) | ||||||
Expenses before incentive fees | [6] | 1.78% | 1.77% | ||||||
Expenses after incentive fees | [6] | 1.79% | 3.20% | ||||||
Total return before incentive fees | [7] | (10.74%) | 3.15% | ||||||
Total return after incentive fees | [7] | (10.74%) | 1.72% | ||||||
Equinox Frontier Select Fund [Member] | Class 1 [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 106.16 | $ 75.01 | $ 95.61 | $ 79.86 | ||||
Interest income | [4] | 0 | 0 | 0 | 0 | ||||
Expenses | [4] | (1.42) | (1.58) | (3.89) | (2.93) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (17.43) | 4.80 | (4.41) | 1.30 | ||||
Net income/(loss) | [4] | (18.85) | 3.22 | (8.30) | (1.63) | ||||
Net asset value per unit, Ending balance | [4] | $ 87.31 | $ 78.23 | $ 87.31 | $ 78.23 | ||||
Net investment gain/(loss) | [1] | (5.81%) | (7.82%) | (6.80%) | (7.62%) | ||||
Expenses before incentive fees | [6] | 5.81% | 7.63% | 5.79% | 7.45% | ||||
Expenses after incentive fees | [6] | 5.81% | 7.82% | 6.80% | 7.62% | ||||
Total return before incentive fees | (17.76%) | [7] | 4.48% | [7] | (7.67%) | [7] | (1.87%) | [5] | |
Total return after incentive fees | (17.76%) | [7] | 4.29% | [7] | (8.68%) | [7] | (2.04%) | [5] | |
Equinox Frontier Select Fund [Member] | Class 2 [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 143.73 | $ 98.55 | $ 128.48 | $ 104.14 | ||||
Interest income | [4] | 0 | 0 | 0 | 0 | ||||
Expenses | [4] | (0.93) | (1.34) | (3.24) | (2.37) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (23.71) | 6.35 | (6.15) | 1.79 | ||||
Net income/(loss) | [4] | (24.64) | 5.01 | (9.39) | (0.58) | ||||
Net asset value per unit, Ending balance | [4] | $ 119.09 | $ 103.56 | $ 119.09 | $ 103.56 | ||||
Net investment gain/(loss) | [1] | (2.81%) | (4.81%) | (3.80%) | (4.62%) | ||||
Expenses before incentive fees | [6] | 2.81% | 4.63% | 2.79% | 4.45% | ||||
Expenses after incentive fees | [6] | 2.81% | 4.81% | 3.80% | 4.62% | ||||
Total return before incentive fees | (17.14%) | [7] | 5.27% | [7] | (6.29%) | [7] | (0.38%) | [5] | |
Total return after incentive fees | (17.14%) | [7] | 5.08% | [7] | (7.31%) | [7] | (0.56%) | [5] | |
Equinox Frontier Select Fund [Member] | Class 1AP [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 108.31 | $ 96.82 | ||||||
Interest income | [4] | 0 | 0 | ||||||
Expenses | [4] | (0.70) | (2.44) | ||||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (17.87) | (4.64) | ||||||
Net income/(loss) | [4] | (18.57) | (7.08) | ||||||
Net asset value per unit, Ending balance | [4] | $ 89.74 | $ 89.74 | ||||||
Net investment gain/(loss) | [1] | (2.81%) | (3.80%) | ||||||
Expenses before incentive fees | [6] | 2.81% | 2.79% | ||||||
Expenses after incentive fees | [6] | 2.81% | 3.80% | ||||||
Total return before incentive fees | [7] | (17.15%) | (6.30%) | ||||||
Total return after incentive fees | [7] | (17.15%) | (7.31%) | ||||||
Equinox Frontier Winton Fund [Member] | Class 1 [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 191.90 | $ 136.93 | $ 175.95 | $ 139.59 | ||||
Interest income | [4] | 0 | 0 | 0 | 0 | ||||
Expenses | [4] | (3.06) | (4.21) | (9.39) | (6.51) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (22.99) | 12.35 | (0.71) | 11.99 | ||||
Net income/(loss) | [4] | (26.05) | 8.14 | (10.10) | 5.48 | ||||
Net asset value per unit, Ending balance | [4] | $ 165.85 | $ 145.07 | $ 165.85 | $ 145.07 | ||||
Net investment gain/(loss) | [1] | (6.83%) | (8.34%) | (8.62%) | (8.27%) | ||||
Expenses before incentive fees | [6] | 6.83% | 7.13% | 6.87% | 7.06% | ||||
Expenses after incentive fees | [6] | 6.83% | 8.34% | 8.62% | 8.27% | ||||
Total return before incentive fees | (13.57%) | [7] | 7.16% | [7] | (3.99%) | [7] | 5.13% | [5] | |
Total return after incentive fees | (13.57%) | [7] | 5.94% | [7] | (5.74%) | [7] | 3.93% | [5] | |
Equinox Frontier Winton Fund [Member] | Class 2 [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 248.56 | $ 172.12 | $ 226.23 | $ 174.17 | ||||
Interest income | [4] | 0 | 0 | 0 | 0 | ||||
Expenses | [4] | (2.23) | (3.98) | (8.65) | (5.60) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (29.90) | 15.58 | (1.15) | 15.15 | ||||
Net income/(loss) | [4] | (32.13) | 11.60 | (9.80) | 9.55 | ||||
Net asset value per unit, Ending balance | [4] | $ 216.43 | $ 183.72 | $ 216.43 | $ 183.72 | ||||
Net investment gain/(loss) | [1] | (3.82%) | (5.34%) | (5.62%) | (5.27%) | ||||
Expenses before incentive fees | [6] | 3.82% | 4.12% | 3.86% | 4.06% | ||||
Expenses after incentive fees | [6] | 3.82% | 5.34% | 5.62% | 5.27% | ||||
Total return before incentive fees | (12.93%) | [7] | 7.95% | [7] | (2.58%) | [7] | 6.69% | [5] | |
Total return after incentive fees | (12.93%) | [7] | 6.74% | [7] | (4.33%) | [7] | 5.48% | [5] | |
Equinox Frontier Winton Fund [Member] | Class 1AP [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 195.77 | $ 178.18 | ||||||
Interest income | [4] | 0 | 0 | ||||||
Expenses | [4] | (1.76) | (6.81) | ||||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (23.55) | (0.91) | ||||||
Net income/(loss) | [4] | (25.31) | (7.72) | ||||||
Net asset value per unit, Ending balance | [4] | $ 170.46 | $ 170.46 | ||||||
Net investment gain/(loss) | [1] | (3.82%) | (5.62%) | ||||||
Expenses before incentive fees | [6] | 3.82% | 3.86% | ||||||
Expenses after incentive fees | [6] | 3.82% | 5.62% | ||||||
Total return before incentive fees | [7] | (12.93%) | (2.58%) | ||||||
Total return after incentive fees | [7] | (12.93%) | (4.33%) | ||||||
Equinox Frontier Heritage Fund [Member] | Class 1 [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 147.87 | $ 95.41 | $ 130.28 | $ 102.05 | ||||
Interest income | [4] | 0 | 0 | 0 | 0 | ||||
Expenses | [4] | (2.01) | (2.38) | (5.46) | (3.85) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (19.76) | 9.55 | 1.28 | 4.38 | ||||
Net income/(loss) | [4] | (21.77) | 7.17 | (4.18) | 0.53 | ||||
Net asset value per unit, Ending balance | [4] | $ 126.10 | $ 102.58 | $ 126.10 | $ 102.58 | ||||
Net investment gain/(loss) | [1] | (5.88%) | (7.41%) | (6.94%) | (7.22%) | ||||
Expenses before incentive fees | [6] | 5.88% | 6.65% | 5.96% | 6.49% | ||||
Expenses after incentive fees | [6] | 5.88% | 7.41% | 6.94% | 7.22% | ||||
Total return before incentive fees | (14.72%) | [7] | 8.28% | [7] | (2.23%) | [7] | 1.25% | [5] | |
Total return after incentive fees | (14.72%) | [7] | 7.51% | [7] | (3.21%) | [7] | 0.52% | [5] | |
Equinox Frontier Heritage Fund [Member] | Class 2 [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 201.89 | $ 126.41 | $ 176.56 | $ 134.21 | ||||
Interest income | [4] | 0 | 0 | 0 | 0 | ||||
Expenses | [4] | (1.35) | (2.19) | (4.62) | (3.18) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (27.09) | 12.71 | 1.51 | 5.90 | ||||
Net income/(loss) | [4] | (28.44) | 10.52 | (3.11) | 2.72 | ||||
Net asset value per unit, Ending balance | [4] | $ 173.45 | $ 136.93 | $ 173.45 | $ 136.93 | ||||
Net investment gain/(loss) | [1] | (2.88%) | (4.41%) | (3.93%) | (4.22%) | ||||
Expenses before incentive fees | [6] | 2.88% | 3.64% | 2.96% | 3.49% | ||||
Expenses after incentive fees | [6] | 2.88% | 4.41% | 3.93% | 4.22% | ||||
Total return before incentive fees | (14.09%) | [7] | 9.09% | [7] | (0.79%) | [7] | 2.76% | [5] | |
Total return after incentive fees | (14.09%) | [7] | 8.32% | [7] | (1.76%) | [7] | 2.03% | [5] | |
Equinox Frontier Heritage Fund [Member] | Class 1AP [Member] | |||||||||
Financial Highlights [Line Items] | |||||||||
Net asset value per unit, Beginning balance | [4] | $ 150.86 | $ 131.93 | ||||||
Interest income | [4] | 0 | 0 | ||||||
Expenses | [4] | (1.01) | (3.45) | ||||||
Net gain/(loss) on investments, net of non-controlling interests | [4] | (20.24) | 1.13 | ||||||
Net income/(loss) | [4] | (21.25) | (2.32) | ||||||
Net asset value per unit, Ending balance | [4] | $ 129.61 | $ 129.61 | ||||||
Net investment gain/(loss) | [1] | (2.88%) | (3.93%) | ||||||
Expenses before incentive fees | [6] | 2.88% | 2.96% | ||||||
Expenses after incentive fees | [6] | 2.88% | 3.93% | ||||||
Total return before incentive fees | [7] | (14.09%) | (0.78%) | ||||||
Total return after incentive fees | [7] | (14.09%) | (1.76%) | ||||||
[1] | Annualized with the exception of incentive fees. | ||||||||
[2] | Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Consolidated Statements of Operations of the Trust. See footnote 5. | ||||||||
[3] | Total returns are not annualized. | ||||||||
[4] | Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. | ||||||||
[5] | Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner's total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized | ||||||||
[6] | Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. | ||||||||
[7] | Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner's total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. |
Derivative Instruments and He42
Derivative Instruments and Hedging Activities - Monthly Averages of Futures Contracts (Detail) - Future [Member] - Contract | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Equinox Frontier Select Fund [Member] | ||||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||||
Derivative Numbers of Instruments Bought | 546 | 6,368 | ||
Derivative Numbers of Instruments Sold | 584 | 6,338 | ||
Equinox Frontier Balanced Fund [Member] | ||||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||||
Derivative Numbers of Instruments Bought | 1,797 | 3,740 | 1,255 | 8,390 |
Derivative Numbers of Instruments Sold | 1,774 | 3,748 | 1,304 | 8,355 |
Equinox Frontier Diversified Fund [Member] | ||||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||||
Derivative Numbers of Instruments Bought | 2,769 | 4,039 | 79 | |
Derivative Numbers of Instruments Sold | 2,726 | 3,985 | 113 | |
Equinox Frontier Long/Short Commodity Fund [Member] | ||||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||||
Derivative Numbers of Instruments Bought | 67 | 3,593 | ||
Derivative Numbers of Instruments Sold | 66 | 3,902 |
Derivative Instruments and He43
Derivative Instruments and Hedging Activities - Realized Trading Revenue from Futures, Forwards and Options (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | |||||||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||||||
Equinox Frontier Long/Short Commodity Fund [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | $ (1,431,010) | $ (537,985) | $ 1,582,694 | $ (831,145) | |||||
Equinox Frontier Balanced Fund [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (1,989,930) | 998,348 | 5,558,996 | (3,362,437) | |||||
Equinox Frontier Diversified Fund [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (2,141,766) | 1,576,944 | 3,047,711 | 1,919,359 | |||||
Equinox Frontier Select Fund [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | 7,618 | 72,643 | 64,112 | 591,728 | |||||
Realized Trading Revenue [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (14,178,689) | [1] | 5,361,595 | [2] | 25,808,976 | [1] | 5,513,099 | [2] | |
Realized Trading Revenue [Member] | Metals [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (1,671,013) | (2,663,349) | (3,529,813) | (3,401,979) | |||||
Realized Trading Revenue [Member] | Currencies [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (5,995,199) | (786,959) | 4,134,192 | (441,730) | |||||
Realized Trading Revenue [Member] | Energies [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (6,800,965) | (234,908) | 4,751,972 | (1,894,183) | |||||
Realized Trading Revenue [Member] | Agriculturals [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | 66,907 | (1,684,548) | (81,778) | (1,738,025) | |||||
Realized Trading Revenue [Member] | Interest rates [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (1,770,084) | 4,682,671 | 8,150,824 | 7,301,379 | |||||
Realized Trading Revenue [Member] | Stock indices [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | 1,991,665 | 6,048,688 | 12,383,579 | 5,687,637 | |||||
Realized Trading Revenue [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | [3] | (144,365) | (2,580,860) | ||||||
Realized Trading Revenue [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Metals [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | 21,000 | (60,704) | |||||||
Realized Trading Revenue [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Currencies [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (278,672) | ||||||||
Realized Trading Revenue [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Energies [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | 96,785 | (1,920,468) | |||||||
Realized Trading Revenue [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Agriculturals [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (257,049) | (252,807) | |||||||
Realized Trading Revenue [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Interest rates [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | 3,989 | (223,175) | |||||||
Realized Trading Revenue [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Stock indices [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (9,090) | 154,966 | |||||||
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | [3] | (2,682,859) | 4,111,434 | 3,592,820 | 7,730,596 | ||||
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Metals [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (370,488) | (318,434) | (744,338) | (988,064) | |||||
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Currencies [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (1,169,704) | (391,938) | 521,161 | (191,348) | |||||
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Energies [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | 119,419 | (96,424) | 685,468 | (53,467) | |||||
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Agriculturals [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (75,520) | (138,369) | (34,965) | 159,728 | |||||
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Interest rates [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (1,397,750) | 2,409,585 | 712,111 | 5,794,195 | |||||
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Stock indices [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | 211,184 | $ 2,647,014 | 2,453,383 | 3,009,552 | |||||
Realized Trading Revenue [Member] | Equinox Frontier Diversified Fund [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | [3] | 480,498 | 8,881,667 | 325,885 | |||||
Realized Trading Revenue [Member] | Equinox Frontier Diversified Fund [Member] | Metals [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (145,932) | (626,206) | (5,850) | ||||||
Realized Trading Revenue [Member] | Equinox Frontier Diversified Fund [Member] | Currencies [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | 259,547 | 1,559,721 | (130,109) | ||||||
Realized Trading Revenue [Member] | Equinox Frontier Diversified Fund [Member] | Energies [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (612,864) | 19,336 | (783) | ||||||
Realized Trading Revenue [Member] | Equinox Frontier Diversified Fund [Member] | Agriculturals [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (235,594) | (192,326) | (19,987) | ||||||
Realized Trading Revenue [Member] | Equinox Frontier Diversified Fund [Member] | Interest rates [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | 427,927 | 5,125,887 | 471,687 | ||||||
Realized Trading Revenue [Member] | Equinox Frontier Diversified Fund [Member] | Stock indices [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | 787,414 | 2,995,255 | $ 10,927 | ||||||
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | [3] | (2,163,972) | 121,655 | ||||||
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Metals [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (201,265) | (746,843) | |||||||
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Currencies [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (645,245) | (311,552) | |||||||
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Energies [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (440,367) | 253,545 | |||||||
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Agriculturals [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (104,895) | (132,603) | |||||||
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Interest rates [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | (848,640) | 206,485 | |||||||
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Stock indices [Member] | |||||||||
Derivative [Line Items] | |||||||||
Realized Trading Revenue from Futures, Forwards and Options | $ 76,440 | $ 852,623 | |||||||
[1] | Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. | ||||||||
[2] | Amounts recorded in the Consolidate Statement of Operations under net change in open trade equity (deficit), at fair value. | ||||||||
[3] | Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. |
Derivative Instruments and He44
Derivative Instruments and Hedging Activities - Net Change in Open Trade Equity from Futures, Forwards and Options (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | ||||
Equinox Frontier Long/Short Commodity Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | $ 985,206 | $ 159,537 | $ (7,237) | $ (88,006) | |||
Equinox Frontier Balanced Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 1,339,848 | 283,243 | (489,926) | (88,847) | |||
Equinox Frontier Diversified Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 848,512 | 2,042,401 | (755,002) | (452,160) | |||
Equinox Frontier Select Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (863,332) | 732,485 | 113,421 | (851,513) | |||
Open Trade Equity (Deficit) [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (3,193,895) | [1] | 5,985,923 | (13,495,336) | [1] | (5,042,030) | |
Open Trade Equity (Deficit) [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | [2] | 1,767,132 | 961,346 | ||||
Open Trade Equity (Deficit) [Member] | Equinox Frontier Balanced Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | [2] | (1,047,941) | 623,763 | (2,413,756) | (1,535,401) | ||
Open Trade Equity (Deficit) [Member] | Equinox Frontier Diversified Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | [2] | (3,084,315) | (3,212,206) | (83,337) | |||
Open Trade Equity (Deficit) [Member] | Equinox Frontier Select Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | [2] | (902,659) | (1,606,742) | ||||
Open Trade Equity (Deficit) [Member] | Metals [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 787,054 | 1,029,170 | 891,238 | (947,051) | |||
Open Trade Equity (Deficit) [Member] | Metals [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 52,921 | (162,388) | |||||
Open Trade Equity (Deficit) [Member] | Metals [Member] | Equinox Frontier Balanced Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (77,032) | (4,268) | 7,712 | (253,715) | |||
Open Trade Equity (Deficit) [Member] | Metals [Member] | Equinox Frontier Diversified Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 6,780 | 176,379 | 73,476 | ||||
Open Trade Equity (Deficit) [Member] | Metals [Member] | Equinox Frontier Select Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 138,192 | 545,034 | |||||
Open Trade Equity (Deficit) [Member] | Currencies [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 322,356 | 450,876 | (2,005,957) | (3,956,074) | |||
Open Trade Equity (Deficit) [Member] | Currencies [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (14,053) | (6,439) | |||||
Open Trade Equity (Deficit) [Member] | Currencies [Member] | Equinox Frontier Balanced Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 165,879 | (18,442) | (35,662) | (190,539) | |||
Open Trade Equity (Deficit) [Member] | Currencies [Member] | Equinox Frontier Diversified Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (364,623) | (1,067,105) | (195,840) | ||||
Open Trade Equity (Deficit) [Member] | Currencies [Member] | Equinox Frontier Select Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (98,437) | (26,264) | |||||
Open Trade Equity (Deficit) [Member] | Energies [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 3,239,657 | 300,637 | (4,686,989) | 1,967,434 | |||
Open Trade Equity (Deficit) [Member] | Energies [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 51,961 | 1,631,427 | |||||
Open Trade Equity (Deficit) [Member] | Energies [Member] | Equinox Frontier Balanced Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (84,762) | 219,801 | (630,250) | 208,535 | |||
Open Trade Equity (Deficit) [Member] | Energies [Member] | Equinox Frontier Diversified Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (92,955) | (403,177) | (135,932) | ||||
Open Trade Equity (Deficit) [Member] | Energies [Member] | Equinox Frontier Select Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (83,883) | (744,229) | |||||
Open Trade Equity (Deficit) [Member] | Agriculturals [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 250,296 | 749,674 | 438,060 | (471,767) | |||
Open Trade Equity (Deficit) [Member] | Agriculturals [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 1,619,030 | (574,982) | |||||
Open Trade Equity (Deficit) [Member] | Agriculturals [Member] | Equinox Frontier Balanced Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 218,632 | 396,753 | 113,791 | 564,384 | |||
Open Trade Equity (Deficit) [Member] | Agriculturals [Member] | Equinox Frontier Diversified Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (521,317) | (226,857) | (73,196) | ||||
Open Trade Equity (Deficit) [Member] | Agriculturals [Member] | Equinox Frontier Select Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (516,454) | (437,516) | |||||
Open Trade Equity (Deficit) [Member] | Interest rates [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (4,205,211) | 4,544,705 | (4,395,416) | 4,765,842 | |||
Open Trade Equity (Deficit) [Member] | Interest rates [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 24,050 | 322,580 | |||||
Open Trade Equity (Deficit) [Member] | Interest rates [Member] | Equinox Frontier Balanced Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (683,706) | 1,252,653 | (931,136) | 1,123,141 | |||
Open Trade Equity (Deficit) [Member] | Interest rates [Member] | Equinox Frontier Diversified Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (1,291,495) | (1,605,340) | 55,085 | ||||
Open Trade Equity (Deficit) [Member] | Interest rates [Member] | Equinox Frontier Select Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (139,963) | (576,893) | |||||
Open Trade Equity (Deficit) [Member] | Stock indices [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (3,588,047) | (1,089,139) | (3,736,272) | (6,400,414) | |||
Open Trade Equity (Deficit) [Member] | Stock indices [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 33,223 | (248,852) | |||||
Open Trade Equity (Deficit) [Member] | Stock indices [Member] | Equinox Frontier Balanced Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (586,952) | $ (1,222,734) | (938,211) | (2,987,207) | |||
Open Trade Equity (Deficit) [Member] | Stock indices [Member] | Equinox Frontier Diversified Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (820,705) | (86,106) | $ 193,070 | ||||
Open Trade Equity (Deficit) [Member] | Stock indices [Member] | Equinox Frontier Select Fund [Member] | |||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | $ (202,114) | $ (366,874) | |||||
[1] | Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. | ||||||
[2] | Amounts recorded in the Statements of Operations under Net change in open trade equity (deficit). |
Derivative Instruments and He45
Derivative Instruments and Hedging Activities - Summary of Derivative Assets and Liabilities Disclosed on Statements of Financial Condition (Detail) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Swap [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | $ 38,220,263 | $ 35,990,887 |
Net Amounts Presented in the Statement of Financial Condition | 38,220,263 | 35,990,887 |
Total Open Trade Equity (Deficit) [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 17,120,111 | |
Gross Amounts offset in the Statement of Financial Condition | (17,281) | (2,295,689) |
Net Amounts Presented in the Statement of Financial Condition | (17,281) | 14,824,422 |
Options Purchased [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 3,819,429 | 9,075,883 |
Net Amounts Presented in the Statement of Financial Condition | 3,819,429 | 9,075,883 |
Options Written [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts offset in the Statement of Financial Condition | (2,581,870) | (8,963,838) |
Net Amounts Presented in the Statement of Financial Condition | (2,581,870) | (8,963,838) |
Equinox Frontier Balanced Fund [Member] | Swap [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 18,491,634 | 18,246,954 |
Net Amounts Presented in the Statement of Financial Condition | 18,491,634 | 18,246,954 |
Equinox Frontier Balanced Fund [Member] | Total Open Trade Equity (Deficit) [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 116,357 | 4,281,391 |
Gross Amounts offset in the Statement of Financial Condition | (895,320) | (983,842) |
Net Amounts Presented in the Statement of Financial Condition | (778,963) | 3,297,549 |
Equinox Frontier Diversified Fund [Member] | Swap [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 7,615,169 | 6,570,408 |
Net Amounts Presented in the Statement of Financial Condition | 7,615,169 | 6,570,408 |
Equinox Frontier Diversified Fund [Member] | Total Open Trade Equity (Deficit) [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 3,215,206 | |
Gross Amounts offset in the Statement of Financial Condition | (571,551) | |
Net Amounts Presented in the Statement of Financial Condition | (571,551) | 3,215,206 |
Equinox Frontier Diversified Fund [Member] | Options Purchased [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 374,470 | 288,413 |
Net Amounts Presented in the Statement of Financial Condition | 374,470 | 288,413 |
Equinox Frontier Diversified Fund [Member] | Options Written [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts offset in the Statement of Financial Condition | (219,660) | (253,018) |
Net Amounts Presented in the Statement of Financial Condition | (219,660) | (253,018) |
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 4,304,209 | 3,633,060 |
Net Amounts Presented in the Statement of Financial Condition | 4,304,209 | 3,633,060 |
Equinox Frontier Heritage Fund [Member] | Swap [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 7,809,251 | 7,540,465 |
Net Amounts Presented in the Statement of Financial Condition | 7,809,251 | $ 7,540,465 |
Equinox Frontier Select Fund [Member] | Total Open Trade Equity (Deficit) [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 153,408 | |
Gross Amounts offset in the Statement of Financial Condition | (97,452) | |
Net Amounts Presented in the Statement of Financial Condition | $ 55,956 |
Trading Activities and Relate46
Trading Activities and Related Risks - Additional Information (Detail) | 6 Months Ended |
Jun. 30, 2015 | |
Trading Activity, Gains and Losses, Net [Line Items] | |
Percentage of loss realize by the holder of Units in Series | 100.00% |
The Series of Equinox Frontier Funds [Member] | |
Trading Activity, Gains and Losses, Net [Line Items] | |
Percentage of loss realize by the holder of Units in Series | 100.00% |
Maximum [Member] | |
Trading Activity, Gains and Losses, Net [Line Items] | |
Trading advisor's margin-to-equity ratio percentage | 35.00% |
Maximum [Member] | The Series of Equinox Frontier Funds [Member] | |
Trading Activity, Gains and Losses, Net [Line Items] | |
Trading advisor's margin-to-equity ratio percentage | 35.00% |
Derivative Instruments and He47
Derivative Instruments and Hedging Activities - Additional Information (Detail) - Equinox Frontier Funds [Member] - Future [Member] - Contract | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Derivative [Line Items] | ||||
Derivative Numbers of Instruments Bought | 10,232 | 9,319 | 10,232 | 9,319 |
Derivative Numbers of Instruments Sold | 10,304 | 9,124 | 10,304 | 9,124 |