Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2023 | May 15, 2023 | |
Document Information Line Items | ||
Entity Registrant Name | Frontier Funds | |
Trading Symbol | N/A | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Amendment Flag | false | |
Entity Central Index Key | 0001261379 | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Document Period End Date | Mar. 31, 2023 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q1 | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 000-51274 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 36-6815533 | |
Entity Address, Address Line One | 25568 Genesee Trail Road | |
Entity Address, City or Town | Golden | |
Entity Address, State or Province | CO | |
Entity Address, Postal Zip Code | 80401 | |
City Area Code | (303) | |
Local Phone Number | 454-5500 | |
Title of 12(b) Security | N/A | |
Security Exchange Name | NONE | |
Entity Interactive Data Current | Yes | |
Frontier Balanced Fund | ||
Document Information Line Items | ||
Entity Common Stock, Shares Outstanding | 0 | |
Frontier Diversified Fund | ||
Document Information Line Items | ||
Entity Common Stock, Shares Outstanding | 0 | |
Frontier Global Fund | ||
Document Information Line Items | ||
Entity Common Stock, Shares Outstanding | 0 | |
Frontier Heritage Fund | ||
Document Information Line Items | ||
Entity Common Stock, Shares Outstanding | 0 | |
Frontier Long/Short Commodity Fund | ||
Document Information Line Items | ||
Entity Common Stock, Shares Outstanding | 0 | |
Frontier Masters Fund | ||
Document Information Line Items | ||
Entity Common Stock, Shares Outstanding | 0 | |
Frontier Select Fund | ||
Document Information Line Items | ||
Entity Common Stock, Shares Outstanding | 0 |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Frontier Funds [Member] | ||
ASSETS | ||
Cash and cash equivalents | $ 393,707 | $ 430,193 |
U.S. Treasury securities, at fair value | 22,967 | 389,520 |
Open trade equity, at fair value | 3,147 | 1,670 |
Receivable from futures commission merchants | 445,119 | 320,241 |
Investments in private investment companies, at fair value | 16,428,299 | 21,440,327 |
Interest receivable | 327 | 9,701 |
Other assets | 1,170 | |
Total Assets | 17,294,736 | 22,591,652 |
LIABILITIES | ||
Interest payable to Managing Owner | 1,386 | 3,450 |
Redemptions payable | 231 | 67,761 |
Incentive fees payable to Managing Owner | 692 | |
Management fees payable to Managing Owner | 1,419 | 1,573 |
Service fees payable to Managing Owner | 26,803 | 33,432 |
Trading fees payable to Managing Owner | 68,942 | 83,102 |
Risk analysis fees payable | 10,312 | 10,442 |
Subscriptions in advance for service fee rebates | 717,401 | 710,323 |
Other liabilities | 15,529 | 14,618 |
Total Liabilities | 842,023 | 925,393 |
CAPITAL | ||
Managing Owner Units | 170,023 | 221,670 |
Limited Owner Units | 16,282,690 | 21,444,589 |
Total Owners Capital | 16,452,713 | 21,666,259 |
Total Liabilities and Owners Capital | 17,294,736 | 22,591,652 |
Frontier Diversified Fund [Member] | The Series of Frontier Funds [Member] | ||
ASSETS | ||
Cash and cash equivalents | 93,640 | 46,604 |
U.S. Treasury securities, at fair value | 5,453 | 42,198 |
Investments in private investment companies, at fair value | 2,185,883 | 2,779,566 |
Investments in unconsolidated trading companies, at fair value | 56,000 | 28,671 |
Interest receivable | 78 | 1,051 |
Total Assets | 2,341,054 | 2,898,090 |
LIABILITIES | ||
Interest payable to Managing Owner | ||
Redemptions payable | ||
Service fees payable to Managing Owner | 72 | 85 |
Trading fees payable to Managing Owner | 8,252 | 9,653 |
Subscriptions in advance for service fee rebates | 22,650 | 22,650 |
Other liabilities | 3,796 | 1,730 |
Total Liabilities | 34,770 | 34,118 |
CAPITAL | ||
Total Owners Capital | 2,306,284 | 2,863,972 |
Non-Controlling Interests | ||
Total Capital | 2,306,284 | 2,863,972 |
Total Liabilities and Owners Capital | $ 2,341,054 | 2,898,090 |
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Frontier Diversified Fund [Member] | The Series of Frontier Funds [Member] | Class 2 [Member] | ||
CAPITAL | ||
Managing Owner Units | $ 6,861 | 8,523 |
Limited Owner Units | $ 316,084 | $ 392,656 |
Units Outstanding | ||
Units Outstanding (in Shares) | 4,163 | 4,163 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 77.57 | $ 96.37 |
Frontier Diversified Fund [Member] | The Series of Frontier Funds [Member] | Class 2a [Member] | ||
CAPITAL | ||
Managing Owner Units | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Frontier Diversified Fund [Member] | The Series of Frontier Funds [Member] | Class 3 [Member] | ||
CAPITAL | ||
Managing Owner Units | $ 16,050 | $ 20,433 |
Limited Owner Units | $ 1,967,289 | $ 2,442,360 |
Units Outstanding | ||
Units Outstanding (in Shares) | 27,141 | 27,146 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 73.08 | $ 90.72 |
Frontier Diversified Fund [Member] | The Series of Frontier Funds [Member] | Class 3a [Member] | ||
CAPITAL | ||
Managing Owner Units | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Frontier Masters Fund [Member] | The Series of Frontier Funds [Member] | ||
ASSETS | ||
Cash and cash equivalents | $ 44,347 | $ 18,560 |
U.S. Treasury securities, at fair value | 2,582 | 16,805 |
Investments in private investment companies, at fair value | 480,599 | 705,739 |
Investments in unconsolidated trading companies, at fair value | 26,521 | 11,418 |
Interest receivable | 37 | 419 |
Total Assets | 554,086 | 752,941 |
LIABILITIES | ||
Interest payable to Managing Owner | ||
Redemptions payable | 19,922 | |
Service fees payable to Managing Owner | 31 | 43 |
Trading fees payable to Managing Owner | 3,430 | 4,443 |
Subscriptions in advance for service fee rebates | 31,725 | 31,725 |
Other liabilities | 1,796 | 688 |
Total Liabilities | 36,982 | 56,821 |
CAPITAL | ||
Total Owners Capital | 517,104 | 696,120 |
Non-Controlling Interests | ||
Total Capital | 517,104 | 696,120 |
Total Liabilities and Owners Capital | 554,086 | 752,941 |
Frontier Masters Fund [Member] | The Series of Frontier Funds [Member] | Class 2 [Member] | ||
CAPITAL | ||
Managing Owner Units | 3,950 | 5,100 |
Limited Owner Units | $ 115,122 | $ 177,102 |
Units Outstanding | ||
Units Outstanding (in Shares) | 1,624 | 1,925 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 73.31 | $ 94.64 |
Frontier Masters Fund [Member] | The Series of Frontier Funds [Member] | Class 2a [Member] | ||
CAPITAL | ||
Managing Owner Units | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Frontier Masters Fund [Member] | The Series of Frontier Funds [Member] | Class 3 [Member] | ||
CAPITAL | ||
Managing Owner Units | $ 1,401 | $ 2,214 |
Limited Owner Units | $ 396,631 | $ 511,704 |
Units Outstanding | ||
Units Outstanding (in Shares) | 5,741 | 5,745 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 69.33 | $ 89.45 |
Frontier Masters Fund [Member] | The Series of Frontier Funds [Member] | Class 3a [Member] | ||
CAPITAL | ||
Managing Owner Units | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | ||
ASSETS | ||
Cash and cash equivalents | $ 42,450 | $ 38,703 |
U.S. Treasury securities, at fair value | 2,472 | 35,044 |
Investments in private investment companies, at fair value | 1,120,774 | 1,281,982 |
Investments in unconsolidated trading companies, at fair value | 25,386 | 23,810 |
Interest receivable | 35 | 873 |
Total Assets | 1,191,117 | 1,380,412 |
LIABILITIES | ||
Interest payable to Managing Owner | 30 | 53 |
Redemptions payable | 12,788 | |
Service fees payable to Managing Owner | 18 | 21 |
Trading fees payable to Managing Owner | 3,182 | 3,447 |
Subscriptions in advance for service fee rebates | 393 | 393 |
Other liabilities | 1,951 | 1,437 |
Total Liabilities | 5,574 | 18,139 |
CAPITAL | ||
Total Owners Capital | 1,185,543 | 1,362,273 |
Non-Controlling Interests | ||
Total Capital | 1,185,543 | 1,362,273 |
Total Liabilities and Owners Capital | 1,191,117 | 1,380,412 |
Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | Class 2 [Member] | ||
CAPITAL | ||
Managing Owner Units | 2,541 | 3,065 |
Limited Owner Units | $ 18,822 | $ 25,648 |
Units Outstanding | ||
Units Outstanding (in Shares) | 215 | 262 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 99.18 | $ 109.65 |
Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | Class 2a [Member] | ||
CAPITAL | ||
Managing Owner Units | $ 8,435 | $ 9,328 |
Limited Owner Units | $ 72,958 | $ 80,689 |
Units Outstanding | ||
Units Outstanding (in Shares) | 1,251 | 1,251 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 65.04 | $ 71.93 |
Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | Class 3 [Member] | ||
CAPITAL | ||
Managing Owner Units | ||
Limited Owner Units | $ 897,054 | $ 998,095 |
Units Outstanding | ||
Units Outstanding (in Shares) | 8,622 | 8,677 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 104.04 | $ 115.03 |
Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | Class 3a [Member] | ||
CAPITAL | ||
Managing Owner Units | $ 1,239 | $ 1,369 |
Limited Owner Units | $ 184,494 | $ 244,079 |
Units Outstanding | ||
Units Outstanding (in Shares) | 2,691 | 3,217 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 69.03 | $ 76.29 |
Frontier Balanced Fund [Member] | The Series of Frontier Funds [Member] | ||
ASSETS | ||
Cash and cash equivalents | $ 16,273 | $ 221,344 |
U.S. Treasury securities, at fair value | 988 | 200,417 |
Open trade equity, at fair value | 3,147 | 1,670 |
Receivable from futures commission merchants | 445,119 | 320,241 |
Investments in private investment companies, at fair value | 6,692,902 | 8,944,014 |
Investments in unconsolidated trading companies, at fair value | 10,145 | 136,169 |
Interest receivable | 14 | 4,991 |
Other assets | 1,170 | |
Total Assets | 7,169,758 | 9,828,846 |
LIABILITIES | ||
Interest payable to Managing Owner | 680 | 2,306 |
Redemptions payable | 231 | 35,051 |
Incentive fees payable to Managing Owner | 692 | |
Management fees payable to Managing Owner | 1,419 | 1,573 |
Service fees payable to Managing Owner | 12,941 | 16,784 |
Trading fees payable to Managing Owner | 29,970 | 36,946 |
Risk analysis fees payable | 10,312 | 10,442 |
Subscriptions in advance for service fee rebates | 395,538 | 391,457 |
Other liabilities | 6,867 | |
Total Liabilities | 451,091 | 502,118 |
CAPITAL | ||
Total Owners Capital | 6,718,667 | 9,326,728 |
Non-Controlling Interests | ||
Total Capital | 6,718,667 | 9,326,728 |
Total Liabilities and Owners Capital | 7,169,758 | 9,828,846 |
Frontier Balanced Fund [Member] | The Series of Frontier Funds [Member] | Class 2 [Member] | ||
CAPITAL | ||
Managing Owner Units | 40,935 | 53,242 |
Limited Owner Units | $ 1,104,034 | $ 1,549,544 |
Units Outstanding | ||
Units Outstanding (in Shares) | 8,657 | 9,318 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 132.25 | $ 172.01 |
Frontier Balanced Fund [Member] | The Series of Frontier Funds [Member] | Class 2a [Member] | ||
CAPITAL | ||
Managing Owner Units | $ 30,171 | $ 43,282 |
Units Outstanding | ||
Units Outstanding (in Shares) | 262 | 290 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 114.96 | $ 149.47 |
Frontier Balanced Fund [Member] | The Series of Frontier Funds [Member] | Class 3a [Member] | ||
CAPITAL | ||
Limited Owner Units | $ 362,750 | $ 471,646 |
Units Outstanding | ||
Units Outstanding (in Shares) | 3,166 | 3,166 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 114.57 | $ 148.96 |
Frontier Balanced Fund [Member] | The Series of Frontier Funds [Member] | Class 1 [Member] | ||
CAPITAL | ||
Limited Owner Units | $ 5,123,213 | $ 7,134,145 |
Units Outstanding | ||
Units Outstanding (in Shares) | 67,689 | 71,936 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 75.69 | $ 99.17 |
Frontier Balanced Fund [Member] | The Series of Frontier Funds [Member] | Class 1AP [Member] | ||
CAPITAL | ||
Limited Owner Units | $ 57,564 | $ 74,869 |
Units Outstanding | ||
Units Outstanding (in Shares) | 587 | 587 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 98.07 | $ 127.56 |
Frontier Select Fund [Member] | The Series of Frontier Funds [Member] | ||
ASSETS | ||
Cash and cash equivalents | $ 52,492 | $ 33,183 |
U.S. Treasury securities, at fair value | 3,057 | 30,046 |
Open trade equity, at fair value | ||
Receivable from futures commission merchants | ||
Investments in private investment companies, at fair value | 1,046,915 | 1,449,919 |
Investments in unconsolidated trading companies, at fair value | 31,392 | 20,414 |
Interest receivable | 43 | 748 |
Total Assets | 1,133,899 | 1,534,310 |
LIABILITIES | ||
Interest payable to Managing Owner | 223 | 342 |
Redemptions payable | ||
Incentive fees payable to Managing Owner | ||
Management fees payable to Managing Owner | ||
Service fees payable to Managing Owner | 2,855 | 3,630 |
Trading fees payable to Managing Owner | 3,426 | 4,454 |
Risk analysis fees payable | ||
Subscriptions in advance for service fee rebates | 22,221 | 22,046 |
Other liabilities | 2,127 | 1,232 |
Total Liabilities | 30,852 | 31,704 |
CAPITAL | ||
Total Owners Capital | 1,103,047 | 1,502,606 |
Non-Controlling Interests | ||
Total Capital | 1,103,047 | 1,502,606 |
Total Liabilities and Owners Capital | 1,133,899 | 1,534,310 |
Frontier Select Fund [Member] | The Series of Frontier Funds [Member] | Class 2 [Member] | ||
CAPITAL | ||
Managing Owner Units | 11,320 | 15,168 |
Limited Owner Units | $ 45,344 | $ 59,771 |
Units Outstanding | ||
Units Outstanding (in Shares) | 614 | 616 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 92.32 | $ 121.7 |
Frontier Select Fund [Member] | The Series of Frontier Funds [Member] | Class 2a [Member] | ||
CAPITAL | ||
Managing Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Frontier Select Fund [Member] | The Series of Frontier Funds [Member] | Class 3a [Member] | ||
CAPITAL | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Frontier Select Fund [Member] | The Series of Frontier Funds [Member] | Class 1 [Member] | ||
CAPITAL | ||
Limited Owner Units | $ 1,038,376 | $ 1,417,113 |
Units Outstanding | ||
Units Outstanding (in Shares) | 19,358 | 19,894 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 53.64 | $ 71.23 |
Frontier Select Fund [Member] | The Series of Frontier Funds [Member] | Class 1AP [Member] | ||
CAPITAL | ||
Limited Owner Units | $ 8,007 | $ 10,554 |
Units Outstanding | ||
Units Outstanding (in Shares) | 115 | 115 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 69.57 | $ 91.71 |
Frontier Global Fund [Member] | The Series of Frontier Funds [Member] | ||
ASSETS | ||
Cash and cash equivalents | $ 97,330 | $ 26,333 |
U.S. Treasury securities, at fair value | 5,668 | 23,843 |
Investments in private investment companies, at fair value | 2,253,990 | 2,943,814 |
Investments in unconsolidated trading companies, at fair value | 58,206 | 16,200 |
Interest receivable | 81 | 594 |
Total Assets | 2,415,275 | 3,010,784 |
LIABILITIES | ||
Interest payable to Managing Owner | 260 | 302 |
Redemptions payable | ||
Service fees payable to Managing Owner | 5,513 | 6,437 |
Trading fees payable to Managing Owner | 10,646 | 12,480 |
Subscriptions in advance for service fee rebates | 163,190 | 162,385 |
Other liabilities | 3,945 | 977 |
Total Liabilities | 183,554 | 182,581 |
CAPITAL | ||
Total Owners Capital | 2,231,721 | 2,828,203 |
Non-Controlling Interests | ||
Total Capital | 2,231,721 | 2,828,203 |
Total Liabilities and Owners Capital | 2,415,275 | 3,010,784 |
Frontier Global Fund [Member] | The Series of Frontier Funds [Member] | Class 2 [Member] | ||
CAPITAL | ||
Managing Owner Units | 22,491 | 28,821 |
Limited Owner Units | $ 88,624 | $ 110,257 |
Units Outstanding | ||
Units Outstanding (in Shares) | 465 | 1,086 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 238.92 | $ 297.25 |
Frontier Global Fund [Member] | The Series of Frontier Funds [Member] | Class 1 [Member] | ||
CAPITAL | ||
Limited Owner Units | $ 2,120,606 | $ 2,689,125 |
Units Outstanding | ||
Units Outstanding (in Shares) | 14,345 | 17,600 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 147.83 | $ 185.27 |
Frontier Global Fund [Member] | The Series of Frontier Funds [Member] | Class 1AP [Member] | ||
CAPITAL | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Frontier Heritage Fund [Member] | The Series of Frontier Funds [Member] | ||
ASSETS | ||
Cash and cash equivalents | $ 47,175 | $ 45,466 |
U.S. Treasury securities, at fair value | 2,747 | 41,167 |
Investments in private investment companies, at fair value | 2,411,374 | 3,070,641 |
Investments in unconsolidated trading companies, at fair value | 28,212 | 27,970 |
Interest receivable | 39 | 1,025 |
Total Assets | 2,489,547 | 3,186,269 |
LIABILITIES | ||
Interest payable to Managing Owner | 193 | 447 |
Redemptions payable | ||
Service fees payable to Managing Owner | 5,373 | 6,432 |
Trading fees payable to Managing Owner | 10,036 | 11,679 |
Subscriptions in advance for service fee rebates | 81,684 | 79,667 |
Other liabilities | 1,914 | 1,687 |
Total Liabilities | 99,200 | 99,912 |
CAPITAL | ||
Total Owners Capital | 2,390,347 | 3,086,357 |
Non-Controlling Interests | ||
Total Capital | 2,390,347 | 3,086,357 |
Total Liabilities and Owners Capital | 2,489,547 | 3,186,269 |
Frontier Heritage Fund [Member] | The Series of Frontier Funds [Member] | Class 2 [Member] | ||
CAPITAL | ||
Managing Owner Units | 24,629 | 31,125 |
Limited Owner Units | $ 170,369 | $ 211,743 |
Units Outstanding | ||
Units Outstanding (in Shares) | 913 | 915 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 213.66 | $ 265.55 |
Frontier Heritage Fund [Member] | The Series of Frontier Funds [Member] | Class 1 [Member] | ||
CAPITAL | ||
Limited Owner Units | $ 2,185,165 | $ 2,830,832 |
Units Outstanding | ||
Units Outstanding (in Shares) | 17,750 | 18,366 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 123.11 | $ 154.14 |
Frontier Heritage Fund [Member] | The Series of Frontier Funds [Member] | Class 1AP [Member] | ||
CAPITAL | ||
Limited Owner Units | $ 10,184 | $ 12,657 |
Units Outstanding | ||
Units Outstanding (in Shares) | 64 | 64 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 159.65 | $ 198.42 |
Condensed Schedules of Investme
Condensed Schedules of Investments (Unaudited) - The Series of the Frontier Funds [Member] - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 | |
Private Investment Companies [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 2,185,883 | $ 2,779,566 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 94.79% | 97.05% |
Private Investment Companies [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 480,599 | $ 705,739 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 92.94% | 101.38% |
Private Investment Companies [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 1,120,774 | $ 1,281,982 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 94.54% | 94.11% |
Private Investment Companies [Member] | Frontier Global Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 2,253,989 | $ 2,943,814 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 101% | 104.09% |
Private Investment Companies [Member] | Frontier Heritage Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 2,411,374 | $ 3,070,641 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 100.88% | 99.49% |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 181,461 | $ 211,143 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 7.87% | 7.37% |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 398,676 | $ 453,405 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 17.29% | 15.83% |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 133,747 | $ 212,180 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 5.80% | 7.41% |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 88,938 | $ 164,320 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 17.20% | 23.60% |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 463,951 | $ 667,783 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 20.12% | 23.32% |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 627,566 | $ 754,702 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 27.21% | 26.35% |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 225,399 | $ 313,172 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 43.59% | 44.99% |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Global Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 2,253,989 | $ 2,943,814 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 101% | 104.09% |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Heritage Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 1,889,087 | $ 2,363,685 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 79.03% | 76.58% |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC One [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 380,482 | $ 480,353 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 16.50% | 16.77% |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC One [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 166,262 | $ 228,247 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 32.15% | 32.79% |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC One [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 332,164 | $ 455,615 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 28.02% | 33.45% |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC One [Member] | Frontier Global Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | ||
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC One [Member] | Frontier Heritage Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 522,287 | $ 706,956 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 21.85% | 22.91% |
Private Investment Companies [Member] | Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 220,784 | $ 252,472 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 18.62% | 18.53% |
Private Investment Companies [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 567,826 | $ 573,895 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 47.90% | 42.13% |
Investment in Unconsolidated Trading Companies [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 56,000 | $ 28,671 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 2.43% | 1% |
Investment in Unconsolidated Trading Companies [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 26,521 | $ 11,418 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 5.13% | 1.64% |
Investment in Unconsolidated Trading Companies [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 25,386 | $ 23,810 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 2.14% | 1.75% |
Investment in Unconsolidated Trading Companies [Member] | Frontier Global Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 58,206 | $ 16,200 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 2.61% | 0.57% |
Investment in Unconsolidated Trading Companies [Member] | Frontier Heritage Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 28,212 | $ 27,970 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.18% | 0.91% |
Investment in Unconsolidated Trading Companies [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | $ 22,967 | ||
Investment in Unconsolidated Trading Companies [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.14% | ||
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 56,000 | $ 28,671 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 2.43% | 1% |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 26,521 | $ 11,418 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 5.13% | 1.64% |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 25,386 | $ 23,810 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 2.14% | 1.75% |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Global Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 58,206 | $ 16,200 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 2.61% | 0.57% |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Heritage Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 28,212 | $ 27,970 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.18% | 0.91% |
US Treasury Securities [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | $ 22,967 | ||
US Treasury Securities [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.14% | ||
LONG FUTURES CONTRACTS [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 39,917 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.59% | |
LONG FUTURES CONTRACTS [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
LONG FUTURES CONTRACTS [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 39,917 | |
LONG FUTURES CONTRACTS [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.25% | |
LONG FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 18,140 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.27% | |
LONG FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | 0% | ||
LONG FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 18,140 | |
LONG FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.11% | |
LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (218) | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (218) | |
LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 2,266 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.03% | |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 2,266 | |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.01% | |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 6,304 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.09% | |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 6,304 | |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.04% | |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (2,406) | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.04%) | |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (2,406) | |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.01%) | |
LONG FUTURES CONTRACTS [Member] | Various precious metal futures contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 15,831 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.24% | |
LONG FUTURES CONTRACTS [Member] | Various precious metal futures contracts (U.S.) [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
LONG FUTURES CONTRACTS [Member] | Various precious metal futures contracts (U.S.) [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 15,831 | |
LONG FUTURES CONTRACTS [Member] | Various precious metal futures contracts (U.S.) [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.10% | |
SHORT FUTURES CONTRACTS [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (36,770) | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.55%) | |
SHORT FUTURES CONTRACTS [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
SHORT FUTURES CONTRACTS [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (36,770) | |
SHORT FUTURES CONTRACTS [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.22%) | |
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (2,714) | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.04%) | |
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (2,714) | |
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.02%) | |
SHORT FUTURES CONTRACTS [Member] | Various agriculture futures contracts (Far East) [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 12,010 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.18% | |
SHORT FUTURES CONTRACTS [Member] | Various agriculture futures contracts (Far East) [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
SHORT FUTURES CONTRACTS [Member] | Various agriculture futures contracts (Far East) [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 12,010 | |
SHORT FUTURES CONTRACTS [Member] | Various agriculture futures contracts (Far East) [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.07% | |
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (Europe) [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 16,126 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.24% | |
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (Europe) [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (Europe) [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 16,126 | |
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (Europe) [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.10% | |
SHORT FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (2,152) | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.03%) | |
SHORT FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
SHORT FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (2,152) | |
SHORT FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.01%) | |
SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (6,460) | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.10%) | |
SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (6,460) | |
SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.04%) | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (7,251) | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.11%) | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (7,251) | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.04%) | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (6,844) | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.10%) | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (6,844) | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.04%) | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (14,797) | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.22%) | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (14,797) | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.09%) | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (24,688) | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.37%) | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ (24,688) | |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | (0.15%) | |
Open Trade Equity (Deficit) [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 3,147 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.04% | |
Open Trade Equity (Deficit) [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |
Private Investment Companies [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 6,692,902 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 99.61% | |
Private Investment Companies [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 1,046,915 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 94.91% | |
Private Investment Companies [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 16,428,299 | |
Private Investment Companies [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 95.22% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 259,427 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 3.86% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 440,888 | |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 2.68% | |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 1,441,577 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 21.46% | |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 1,840,253 | |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 11.19% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 735,981 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 10.95% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 310,965 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 28.19% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 1,269,631 | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 7.72% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 1,330,483 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 19.80% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 1,794,434 | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 10.91% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 1,569,644 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 23.36% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 6,565,686 | |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 39.91% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC One [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 1,355,790 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 20.18% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC One [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 735,950 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 66.72% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC One [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 3,492,935 | |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC One [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 21.23% | |
Private Investment Companies [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 567,826 | |
Private Investment Companies [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 3.45% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 220,784 | |
Private Investment Companies [Member] | Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.34% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Fit Feeder Fund (535) LLC [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 235,862 | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Fit Feeder Fund (535) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.43% | |
Investment in Unconsolidated Trading Companies [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 10,145 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.15% | |
Investment in Unconsolidated Trading Companies [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 31,392 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 2.85% | |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 10,145 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.15% | |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 31,392 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 2.85% | |
Open Trade Equity (Deficit) [Member] | Fair Value [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 3,147 | |
Open Trade Equity (Deficit) [Member] | % of Total Capital (Net Asset Value) [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.03% | |
Fair Value [Member] | US Treasury Securities [Member] | US Treasury Note [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | $ 5,453 | $ 42,198 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.24% | 1.47% |
Fair Value [Member] | US Treasury Securities [Member] | US Treasury Note [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | $ 2,582 | $ 16,805 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.50% | 2.41% |
Fair Value [Member] | US Treasury Securities [Member] | US Treasury Note [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | $ 2,472 | $ 35,044 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.21% | 2.57% |
Fair Value [Member] | US Treasury Securities [Member] | US Treasury Note [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | $ 988 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.01% | |
Fair Value [Member] | US Treasury Securities [Member] | US Treasury Note [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | $ 3,057 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.28% | |
Fair Value [Member] | US Treasury Securities [Member] | US Treasury Note [Member] | Frontier Global Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | $ 5,668 | $ 23,843 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.25% | 0.84% |
Fair Value [Member] | US Treasury Securities [Member] | US Treasury Note [Member] | Frontier Heritage Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | $ 2,747 | $ 41,167 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.11% | 1.33% |
Fair Value One [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | $ 5,103 | $ 39,704 |
Fair Value One [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | 2,418 | 15,812 |
Fair Value One [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | 2,314 | 32,973 |
Fair Value One [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | 925 | |
Fair Value One [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | 2,862 | |
Fair Value One [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Global Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | 5,306 | 22,434 |
Fair Value One [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Heritage Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | 2,572 | 38,734 |
Cost [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | 5,458 | 42,270 |
Cost [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | 2,585 | 16,834 |
Cost [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | 2,474 | 35,105 |
Cost [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | 989 | |
Cost [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | 3,059 | |
Cost [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Global Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | 5,673 | 23,885 |
Cost [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Heritage Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | $ 2,749 | $ 41,238 |
[1] See Note 5 to the Consolidated Financial Statements. Except for those items disclosed, no individual futures, or forwards position constituted greater than 1 percent of Net Asset Value. Accordingly, the number of contracts and expiration dates are not presented. See Note 2 to the Consolidated Financial Statements. |
Condensed Schedule of Futures C
Condensed Schedule of Futures Contracts and Investment Companies | Dec. 31, 2022 USD ($) | |
LONG FUTURES CONTRACTS [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 2,257 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | [1] |
LONG FUTURES CONTRACTS [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 2,257 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.03% | [1] |
LONG FUTURES CONTRACTS [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,590 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.02% | [1] |
LONG FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,590 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | [1] |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (230) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (230) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (587) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (587) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 897 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 897 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (Europe) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (227) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (Europe) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (227) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (Europe) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 67 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 67 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (55) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (55) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (216) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (216) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (50) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (50) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (106) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (106) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
Open Trade Equity (Deficit) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,670 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | [1] |
Open Trade Equity (Deficit) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,670 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.03% | [1] |
Open Trade Equity (Deficit) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
Private Investment Companies [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 21,440,327 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 98.96% | [2] |
Private Investment Companies [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 8,944,014 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 95.90% | [3] |
Private Investment Companies [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,449,919 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 96.49% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 563,258 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 2.60% | [2] |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 352,115 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 3.78% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [3] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 2,257,286 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 10.42% | [2] |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,803,881 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 19.34% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [3] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 2,154,581 | |
Investment Owned, % of Total Capital (Net Asset Value) | 9.94% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,285,974 | |
Investment Owned, % of Total Capital (Net Asset Value) | 13.79% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 492,107 | |
Investment Owned, % of Total Capital (Net Asset Value) | 32.75% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 2,415,351 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 11.15% | [2] |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,747,568 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 18.74% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [3] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 8,276,260 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 38.20% | [2] |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,900,887 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 20.38% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [3] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 4,682,572 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 21.61% | [2] |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,853,589 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 19.87% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 957,812 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 63.74% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Fit Feeder Fund (535) LLC [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 264,652 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 1.22% | [2] |
Private Investment Companies [Member] | Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 252,472 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 1.17% | [2] |
Private Investment Companies [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 573,895 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 2.65% | [2] |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 136,169 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 1.46% | [3] |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 20,414 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 1.36% | [3] |
US Treasury Securities [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 389,520 | |
Investment Owned, % of Total Capital (Net Asset Value) | 1.80% | |
US Treasury Securities [Member] | US Treasury Note [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 389,520 | |
Investment Owned, % of Total Capital (Net Asset Value) | 1.80% | |
US Treasury Securities [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 200,417 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 2.15% | [2] |
US Treasury Securities [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 30,046 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 2% | [2] |
Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 188,573 | [2] |
Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | 28,270 | [2] |
Cost [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | 200,764 | [2] |
Cost [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 30,098 | [2] |
[1] Except for those items disclosed, no individual futures, or forwards position constituted greater than 1 percent of Net Asset Value. Accordingly, the number of contracts and expiration dates are not presented. See Note 2 to the Consolidated Financial Statements. See Note 5 to the Consolidated Financial Statements. |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Frontier Funds | ||
Investment income: | ||
Interest - net | $ 3,283 | $ 2,524 |
Total Income/(loss) | 3,283 | 2,524 |
Expenses: | ||
Incentive Fees (rebate) | (5,126) | 76,272 |
Management Fees | 4,238 | 4,403 |
Service Fees - Class 1 | 94,140 | 108,081 |
Risk analysis Fees | 970 | 1,321 |
Due Diligence Fees | 1,057 | 1,260 |
Trading Fees | 213,256 | 219,472 |
Total Expenses | 308,535 | 410,809 |
Investment income/(loss) - net | (305,252) | (408,285) |
Realized and unrealized gain/(loss) on investments: | ||
Net realized gain/(loss) on futures, forwards and options | (286,481) | 271,469 |
Net unrealized gain/(loss) on private investment companies | (4,179,241) | 8,459,282 |
Net realized gain/(loss) on private investment companies | 254,335 | (2,050,355) |
Net change in open trade equity/(deficit) | 1,477 | 42,742 |
Net realized gain/(loss) on U.S. Treasury securities | (8,943) | (5,054) |
Net unrealized gain/(loss) on U.S. Treasury securities | 652 | (11,220) |
Trading commissions | (2,532) | (3,120) |
Net gain/(loss) on investments | (4,220,733) | 6,703,744 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (4,525,985) | 6,295,459 |
Frontier Diversified Fund | The Series of Frontier Funds | ||
Investment income: | ||
Interest - net | 1,099 | 1,365 |
Total Income/(loss) | 1,099 | 1,365 |
Expenses: | ||
Incentive Fees (rebate) | ||
Service Fees - Class 1 | 226 | 251 |
Due Diligence Fees | 776 | 945 |
Trading Fees | 24,576 | 27,593 |
Total Expenses | 25,578 | 28,789 |
Investment income/(loss) - net | (24,479) | (27,424) |
Realized and unrealized gain/(loss) on investments: | ||
Net unrealized gain/(loss) on private investment companies | (562,102) | 1,081,696 |
Net realized gain/(loss) on private investment companies | 33,702 | (432,880) |
Net realized gain/(loss) on swap contracts | (1,172) | (828) |
Net realized gain/(loss) on U.S. Treasury securities | (22) | (1,921) |
Change in fair value of investments in unconsolidated trading companies | (3,115) | 12,035 |
Net gain/(loss) on investments | (532,709) | 658,102 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (557,188) | 630,678 |
Less: Operations attributable to non-controlling interests | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | $ (557,188) | $ 630,678 |
Frontier Diversified Fund | The Series of Frontier Funds | Class 1 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 1 (in Dollars per share) | ||
Frontier Diversified Fund | The Series of Frontier Funds | Class 2 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 2 (in Dollars per share) | (18.8) | 18.83 |
Frontier Diversified Fund | The Series of Frontier Funds | Class 2a [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 2a (in Dollars per share) | ||
Frontier Diversified Fund | The Series of Frontier Funds | Class 3 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 3 (in Dollars per share) | (17.64) | 17.74 |
Frontier Diversified Fund | The Series of Frontier Funds | Class 3a [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 3a (in Dollars per share) | ||
Frontier Masters Fund | The Series of Frontier Funds | ||
Investment income: | ||
Interest - net | $ 662 | $ 664 |
Total Income/(loss) | 662 | 664 |
Expenses: | ||
Incentive Fees (rebate) | ||
Service Fees - Class 1 | 101 | 116 |
Due Diligence Fees | 188 | 222 |
Trading Fees | 10,339 | 11,781 |
Total Expenses | 10,628 | 12,119 |
Investment income/(loss) - net | (9,966) | (11,455) |
Realized and unrealized gain/(loss) on investments: | ||
Net unrealized gain/(loss) on private investment companies | (167,200) | 481,020 |
Net realized gain/(loss) on private investment companies | 22,977 | (229,832) |
Net realized gain/(loss) on swap contracts | (653) | (423) |
Net realized gain/(loss) on U.S. Treasury securities | (104) | (561) |
Change in fair value of investments in unconsolidated trading companies | (1,772) | 4,469 |
Net gain/(loss) on investments | (146,752) | 254,673 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (156,718) | 243,218 |
Less: Operations attributable to non-controlling interests | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | $ (156,718) | $ 243,218 |
Frontier Masters Fund | The Series of Frontier Funds | Class 1 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 1 (in Dollars per share) | ||
Frontier Masters Fund | The Series of Frontier Funds | Class 2 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 2 (in Dollars per share) | (21.33) | 26.27 |
Frontier Masters Fund | The Series of Frontier Funds | Class 2a [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 2a (in Dollars per share) | ||
Frontier Masters Fund | The Series of Frontier Funds | Class 3 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 3 (in Dollars per share) | (20.12) | 24.83 |
Frontier Masters Fund | The Series of Frontier Funds | Class 3a [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 3a (in Dollars per share) | ||
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | ||
Investment income: | ||
Interest - net | $ 632 | $ 610 |
Total Income/(loss) | 632 | 610 |
Expenses: | ||
Incentive Fees (rebate) | (5,126) | |
Service Fees - Class 1 | 53 | 56 |
Due Diligence Fees | 93 | 93 |
Trading Fees | 9,572 | 8,468 |
Total Expenses | 4,592 | 8,617 |
Investment income/(loss) - net | (3,960) | (8,007) |
Realized and unrealized gain/(loss) on investments: | ||
Net unrealized gain/(loss) on private investment companies | (131,235) | 302,405 |
Net realized gain/(loss) on private investment companies | 8,908 | 1,048 |
Net realized gain/(loss) on swap contracts | (992) | (444) |
Net realized gain/(loss) on U.S. Treasury securities | 57 | (939) |
Change in fair value of investments in unconsolidated trading companies | (2,208) | 5,827 |
Net gain/(loss) on investments | (125,470) | 307,897 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (129,430) | 299,890 |
Less: Operations attributable to non-controlling interests | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | $ (129,430) | $ 299,890 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 1 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 1 (in Dollars per share) | ||
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 2 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 2 (in Dollars per share) | (10.47) | 22.81 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 2a [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 2a (in Dollars per share) | (6.89) | 14.85 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 3 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 3 (in Dollars per share) | (10.99) | 23.93 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 3a [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 3a (in Dollars per share) | $ (7.26) | $ 15.76 |
Frontier Balanced Fund | The Series of Frontier Funds | ||
Investment income: | ||
Interest - net | $ 890 | |
Total Income/(loss) | 890 | |
Expenses: | ||
Incentive Fees (rebate) | 76,272 | |
Interest - net | 115 | |
Management Fees | 4,238 | 4,403 |
Service Fees - Class 1 | 47,651 | 61,363 |
Risk analysis Fees | 970 | 1,321 |
Trading Fees | 94,443 | 102,264 |
Total Expenses | 147,302 | 245,738 |
Investment income/(loss) - net | (146,412) | (245,738) |
Realized and unrealized gain/(loss) on investments: | ||
Net realized gain/(loss) on futures, forwards and options | (286,481) | 271,469 |
Net unrealized gain/(loss) on private investment companies | (1,727,894) | 3,769,442 |
Net realized gain/(loss) on private investment companies | 46,098 | (1,136,957) |
Net change in open trade equity/(deficit) | 1,477 | 42,742 |
Net realized gain/(loss) on U.S. Treasury securities | (3,540) | (1,928) |
Net unrealized gain/(loss) on U.S. Treasury securities | 505 | (4,122) |
Trading commissions | (2,532) | (3,120) |
Change in fair value of investments in unconsolidated trading companies | (12,875) | 23,183 |
Net gain/(loss) on investments | (1,985,242) | 2,960,709 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (2,131,654) | 2,714,971 |
Less: Operations attributable to non-controlling interests | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | $ (2,131,654) | $ 2,714,971 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 1 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 1 (in Dollars per share) | $ (23.48) | $ 24 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 2 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 2 (in Dollars per share) | (39.76) | 41.74 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 2a [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 2a (in Dollars per share) | (34.51) | 36.26 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 3a [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 3a (in Dollars per share) | (34.39) | 36.14 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 1AP [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 1AP (in Dollars per share) | $ (29.49) | $ 30.95 |
Frontier Select Fund | The Series of Frontier Funds | ||
Investment income: | ||
Interest - net | ||
Total Income/(loss) | ||
Expenses: | ||
Incentive Fees (rebate) | ||
Interest - net | ||
Management Fees | ||
Service Fees - Class 1 | 9,621 | 10,925 |
Risk analysis Fees | ||
Trading Fees | 11,109 | 11,861 |
Total Expenses | 20,730 | 22,786 |
Investment income/(loss) - net | (20,730) | (22,786) |
Realized and unrealized gain/(loss) on investments: | ||
Net realized gain/(loss) on futures, forwards and options | ||
Net unrealized gain/(loss) on private investment companies | (355,158) | 976,044 |
Net realized gain/(loss) on private investment companies | 10,201 | (513,536) |
Net change in open trade equity/(deficit) | ||
Net realized gain/(loss) on U.S. Treasury securities | (1,009) | (386) |
Net unrealized gain/(loss) on U.S. Treasury securities | 8 | (811) |
Trading commissions | ||
Change in fair value of investments in unconsolidated trading companies | (2,211) | 5,154 |
Net gain/(loss) on investments | (348,169) | 466,465 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (368,899) | 443,679 |
Less: Operations attributable to non-controlling interests | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | $ (368,899) | $ 443,679 |
Frontier Select Fund | The Series of Frontier Funds | Class 1 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 1 (in Dollars per share) | $ (17.59) | $ 20.19 |
Frontier Select Fund | The Series of Frontier Funds | Class 2 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 2 (in Dollars per share) | (29.38) | 34.51 |
Frontier Select Fund | The Series of Frontier Funds | Class 2a [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 2a (in Dollars per share) | ||
Frontier Select Fund | The Series of Frontier Funds | Class 3a [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 3a (in Dollars per share) | ||
Frontier Select Fund | The Series of Frontier Funds | Class 1AP [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 1AP (in Dollars per share) | $ (22.14) | $ 25.99 |
Frontier Global Fund | The Series of Frontier Funds | ||
Investment income: | ||
Interest - net | ||
Total Income/(loss) | ||
Expenses: | ||
Service Fees - Class 1 | 17,673 | 16,989 |
Trading Fees | 32,425 | 30,349 |
Total Expenses | 50,098 | 47,338 |
Investment income/(loss) - net | (50,098) | (47,338) |
Realized and unrealized gain/(loss) on investments: | ||
Net unrealized gain/(loss) on private investment companies | (593,634) | 874,900 |
Net realized gain/(loss) on private investment companies | 80,963 | 146,069 |
Net realized gain/(loss) on swap contracts | (831) | (513) |
Net unrealized gain/(loss) on U.S. Treasury securities | 117 | (1,446) |
Change in fair value of investments in unconsolidated trading companies | (3,477) | 8,550 |
Net gain/(loss) on investments | (516,862) | 1,027,560 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (566,960) | 980,222 |
Less: Operations attributable to non-controlling interests | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | $ (566,960) | $ 980,222 |
Frontier Global Fund | The Series of Frontier Funds | Class 1 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 1 (in Dollars per share) | $ (37.44) | $ 52.45 |
Frontier Global Fund | The Series of Frontier Funds | Class 2 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 2 (in Dollars per share) | (58.33) | 83.54 |
Frontier Global Fund | The Series of Frontier Funds | Class 1AP [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 1AP (in Dollars per share) | ||
Frontier Heritage Fund | The Series of Frontier Funds | ||
Investment income: | ||
Interest - net | ||
Total Income/(loss) | ||
Expenses: | ||
Service Fees - Class 1 | 18,815 | 18,381 |
Trading Fees | 30,792 | 27,156 |
Total Expenses | 49,607 | 45,537 |
Investment income/(loss) - net | (49,607) | (45,537) |
Realized and unrealized gain/(loss) on investments: | ||
Net unrealized gain/(loss) on private investment companies | (605,502) | 946,263 |
Net realized gain/(loss) on private investment companies | 43,789 | 75,755 |
Net realized gain/(loss) on swap contracts | (746) | (532) |
Net unrealized gain/(loss) on U.S. Treasury securities | 91 | (1,420) |
Change in fair value of investments in unconsolidated trading companies | (3,161) | 8,272 |
Net gain/(loss) on investments | (565,529) | 1,028,338 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (615,136) | 982,801 |
Less: Operations attributable to non-controlling interests | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | $ (615,136) | $ 982,801 |
Frontier Heritage Fund | The Series of Frontier Funds | Class 1 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 1 (in Dollars per share) | $ (31.03) | $ 44.84 |
Frontier Heritage Fund | The Series of Frontier Funds | Class 2 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 2 (in Dollars per share) | (51.89) | 76.82 |
Frontier Heritage Fund | The Series of Frontier Funds | Class 1AP [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
Class 1AP (in Dollars per share) | $ (38.77) | $ 57.41 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Owners’ Capital (Unaudited) | 3 Months Ended |
Mar. 31, 2023 USD ($) $ / shares shares | |
Frontier Funds | |
Owners' Capital, Beginning balance | $ 21,666,259 |
Payment made by Related Party | |
Payment made by Managing Owner | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (4,525,985) |
Owners’ Capital, Ending balance | $ 16,452,713 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (687,561) |
Frontier Funds | Managing Owner | |
Owners' Capital, Beginning balance | $ 221,670 |
Payment made by Related Party | |
Payment made by Managing Owner | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (44,947) |
Owners’ Capital, Ending balance | $ 170,023 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (6,700) |
Frontier Funds | Limited Owners | |
Owners' Capital, Beginning balance | $ 21,444,589 |
Payment made by Related Party | |
Payment made by Managing Owner | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (4,481,038) |
Owners’ Capital, Ending balance | $ 16,282,690 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (680,861) |
Frontier Diversified Fund | The Series of Frontier Funds | |
Owners' Capital, Beginning balance | $ 2,863,972 |
Sale of Units | |
Redemption of Units | (500) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (557,188) |
Owners’ Capital, Ending balance | $ 2,306,284 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | |
Frontier Diversified Fund | The Series of Frontier Funds | Class 2 | |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 4,163 |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 4,163 |
Frontier Diversified Fund | The Series of Frontier Funds | Class 2 | Managing Owner | |
Owners' Capital, Beginning balance | $ 8,523 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 89 |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (1,662) |
Owners’ Capital, Ending balance | $ 6,861 |
Sale of Units (including transfers) (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 89 |
Frontier Diversified Fund | The Series of Frontier Funds | Class 2 | Limited Owners | |
Owners' Capital, Beginning balance | $ 392,656 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 4,074 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 96.37 |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (76,572) |
Owners’ Capital, Ending balance | $ 316,084 |
Redemption of Units (including transfers) (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 4,074 |
Change in net asset value (in Dollars per share) | $ / shares | $ (18.8) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 77.57 |
Frontier Diversified Fund | The Series of Frontier Funds | Class 3 | |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 27,146 |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 27,141 |
Frontier Diversified Fund | The Series of Frontier Funds | Class 3 | Managing Owner | |
Owners' Capital, Beginning balance | $ 20,433 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 225 |
Sale of Units | |
Redemption of Units | (500) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (3,883) |
Owners’ Capital, Ending balance | $ 16,050 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (5) |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 220 |
Frontier Diversified Fund | The Series of Frontier Funds | Class 3 | Limited Owners | |
Owners' Capital, Beginning balance | $ 2,442,360 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 26,921 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 90.72 |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (475,071) |
Owners’ Capital, Ending balance | $ 1,967,289 |
Sale of Units (including transfers) (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 26,921 |
Change in net asset value (in Dollars per share) | $ / shares | $ (17.64) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 73.08 |
Frontier Diversified Fund | The Series of Frontier Funds | Non- Controlling Interests | |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | |
Owners’ Capital, Ending balance | |
Sale of Units (including transfers) (in Shares) | shares | |
Frontier Diversified Fund | The Series of Frontier Funds | Class 2a | |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | |
Frontier Diversified Fund | The Series of Frontier Funds | Class 3a | |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | |
Frontier Masters Fund | The Series of Frontier Funds | |
Owners' Capital, Beginning balance | $ 696,120 |
Sale of Units | |
Redemption of Units | (22,298) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (156,718) |
Owners’ Capital, Ending balance | $ 517,104 |
Frontier Masters Fund | The Series of Frontier Funds | Class 2 | |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 1,925 |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 1,624 |
Frontier Masters Fund | The Series of Frontier Funds | Class 2 | Managing Owner | |
Owners' Capital, Beginning balance | $ 5,100 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 53 |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (1,150) |
Owners’ Capital, Ending balance | $ 3,950 |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 53 |
Frontier Masters Fund | The Series of Frontier Funds | Class 2 | Limited Owners | |
Owners' Capital, Beginning balance | $ 177,102 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 1,872 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 94.64 |
Sale of Units | |
Redemption of Units | (21,898) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (40,082) |
Owners’ Capital, Ending balance | $ 115,122 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (301) |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 1,571 |
Change in net asset value (in Dollars per share) | $ / shares | $ (21.33) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 73.31 |
Frontier Masters Fund | The Series of Frontier Funds | Class 3 | |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 5,745 |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 5,741 |
Frontier Masters Fund | The Series of Frontier Funds | Class 3 | Managing Owner | |
Owners' Capital, Beginning balance | $ 2,214 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 25 |
Sale of Units | |
Redemption of Units | (400) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (413) |
Owners’ Capital, Ending balance | $ 1,401 |
Redemption of Units (including transfers) (in Shares) | shares | (4) |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 21 |
Frontier Masters Fund | The Series of Frontier Funds | Class 3 | Limited Owners | |
Owners' Capital, Beginning balance | $ 511,704 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 5,720 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 89.45 |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (115,073) |
Owners’ Capital, Ending balance | $ 396,631 |
Sale of Units (including transfers) (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 5,720 |
Change in net asset value (in Dollars per share) | $ / shares | $ (20.12) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 69.33 |
Frontier Masters Fund | The Series of Frontier Funds | Non- Controlling Interests | |
Owners' Capital, Beginning balance | |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | |
Owners’ Capital, Ending balance | |
Frontier Masters Fund | The Series of Frontier Funds | Class 2a | |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | |
Frontier Masters Fund | The Series of Frontier Funds | Class 3a | |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | |
Owners' Capital, Beginning balance | $ 1,362,273 |
Sale of Units | |
Redemption of Units | (47,300) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (129,430) |
Owners’ Capital, Ending balance | $ 1,185,543 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 2 | |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 262 |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 215 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 2 | Managing Owner | |
Owners' Capital, Beginning balance | $ 3,065 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 28 |
Sale of Units | |
Redemption of Units | (250) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (274) |
Owners’ Capital, Ending balance | $ 2,541 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (2) |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 26 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 2 | Limited Owners | |
Owners' Capital, Beginning balance | $ 25,648 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 234 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 109.65 |
Sale of Units | |
Redemption of Units | (4,404) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (2,422) |
Owners’ Capital, Ending balance | $ 18,822 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (45) |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 189 |
Change in net asset value (in Dollars per share) | $ / shares | $ (10.47) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 99.18 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 3 | |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 8,677 |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 8,622 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 3 | Limited Owners | |
Owners' Capital, Beginning balance | $ 998,095 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 8,677 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 115.03 |
Sale of Units | |
Redemption of Units | (6,087) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (94,954) |
Owners’ Capital, Ending balance | $ 897,054 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (55) |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 8,622 |
Change in net asset value (in Dollars per share) | $ / shares | $ (10.99) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 104.04 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Non- Controlling Interests | |
Owners' Capital, Beginning balance | |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 2a | |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 1,251 |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 1,251 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 2a | Managing Owner | |
Owners' Capital, Beginning balance | $ 9,328 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 129 |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (893) |
Owners’ Capital, Ending balance | $ 8,435 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 129 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 2a | Limited Owners | |
Owners' Capital, Beginning balance | $ 80,689 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 1,122 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 71.93 |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (7,731) |
Owners’ Capital, Ending balance | $ 72,958 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 1,122 |
Change in net asset value (in Dollars per share) | $ / shares | $ (6.89) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 65.04 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 3a | |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 3,217 |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 2,691 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 3a | Managing Owner | |
Owners' Capital, Beginning balance | $ 1,369 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 18 |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (130) |
Owners’ Capital, Ending balance | $ 1,239 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 18 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 3a | Limited Owners | |
Owners' Capital, Beginning balance | $ 244,079 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 3,199 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 76.29 |
Sale of Units | |
Redemption of Units | (36,559) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (23,026) |
Owners’ Capital, Ending balance | $ 184,494 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (526) |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 2,673 |
Change in net asset value (in Dollars per share) | $ / shares | $ (7.26) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 69.03 |
Frontier Balanced Fund | The Series of Frontier Funds | |
Owners' Capital, Beginning balance | $ 9,326,728 |
Sale of Units | |
Redemption of Units | (476,407) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (2,131,654) |
Owners’ Capital, Ending balance | $ 6,718,667 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 2 | |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 9,318 |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 8,657 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 2 | Managing Owner | |
Owners' Capital, Beginning balance | $ 53,242 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 310 |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (12,307) |
Owners’ Capital, Ending balance | $ 40,935 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 310 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 2 | Limited Owners | |
Owners' Capital, Beginning balance | $ 1,549,544 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 9,008 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 172.01 |
Sale of Units | |
Redemption of Units | (98,257) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (347,253) |
Owners’ Capital, Ending balance | $ 1,104,034 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (661) |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 8,347 |
Change in net asset value (in Dollars per share) | $ / shares | $ (39.76) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 132.25 |
Frontier Balanced Fund | The Series of Frontier Funds | Non- Controlling Interests | |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Owners’ Capital, Ending balance | |
Frontier Balanced Fund | The Series of Frontier Funds | Class 2a | |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 290 |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 262 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 2a | Managing Owner | |
Owners' Capital, Beginning balance | $ 43,282 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 290 |
Sale of Units | |
Redemption of Units | (4,000) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (9,111) |
Owners’ Capital, Ending balance | $ 30,171 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (28) |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 262 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 2a | Limited Owners | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 149.47 |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Owners’ Capital, Ending balance | |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | |
Change in net asset value (in Dollars per share) | $ / shares | $ (34.51) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 114.96 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 3a | |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 3,166 |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 3,166 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 3a | Limited Owners | |
Owners' Capital, Beginning balance | $ 471,646 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 3,166 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 148.96 |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (108,896) |
Owners’ Capital, Ending balance | $ 362,750 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 3,166 |
Change in net asset value (in Dollars per share) | $ / shares | $ (34.39) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 114.57 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 1 | |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 71,936 |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 67,689 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 1 | Limited Owners | |
Owners' Capital, Beginning balance | $ 7,134,145 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 71,936 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 99.17 |
Sale of Units | |
Redemption of Units | (374,150) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (1,636,782) |
Owners’ Capital, Ending balance | $ 5,123,213 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (4,247) |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 67,689 |
Change in net asset value (in Dollars per share) | $ / shares | $ (23.48) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 75.69 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 1AP | |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 587 |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 587 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 1AP | Limited Owners | |
Owners' Capital, Beginning balance | $ 74,869 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 587 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 127.56 |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (17,305) |
Owners’ Capital, Ending balance | $ 57,564 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 587 |
Change in net asset value (in Dollars per share) | $ / shares | $ (29.49) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 98.07 |
Frontier Select Fund | The Series of Frontier Funds | |
Owners' Capital, Beginning balance | $ 1,502,606 |
Sale of Units | |
Redemption of Units | (30,660) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (368,899) |
Owners’ Capital, Ending balance | 1,103,047 |
Frontier Select Fund | The Series of Frontier Funds | Class 2 | Managing Owner | |
Owners' Capital, Beginning balance | $ 15,168 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 124 |
Sale of Units | |
Redemption of Units | (250) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (3,598) |
Owners’ Capital, Ending balance | $ 11,320 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (2) |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 122 |
Frontier Select Fund | The Series of Frontier Funds | Class 2 | Limited Owners | |
Owners' Capital, Beginning balance | $ 59,771 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 492 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 121.7 |
Sale of Units | |
Redemption of Units | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (14,427) |
Owners’ Capital, Ending balance | $ 45,344 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 492 |
Change in net asset value (in Dollars per share) | $ / shares | $ (29.38) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 92.32 |
Frontier Select Fund | The Series of Frontier Funds | Non- Controlling Interests | |
Owners' Capital, Beginning balance | |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | |
Owners’ Capital, Ending balance | |
Frontier Select Fund | The Series of Frontier Funds | Class 1 | Limited Owners | |
Owners' Capital, Beginning balance | $ 1,417,113 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 19,894 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 71.23 |
Sale of Units | |
Redemption of Units | (30,410) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (348,327) |
Owners’ Capital, Ending balance | $ 1,038,376 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (536) |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 19,358 |
Change in net asset value (in Dollars per share) | $ / shares | $ (17.59) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 53.64 |
Frontier Select Fund | The Series of Frontier Funds | Class 1AP | Limited Owners | |
Owners' Capital, Beginning balance | $ 10,554 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 115 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 91.71 |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (2,547) |
Owners’ Capital, Ending balance | $ 8,007 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 115 |
Change in net asset value (in Dollars per share) | $ / shares | $ (22.14) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 69.57 |
Frontier Global Fund | The Series of Frontier Funds | |
Owners' Capital, Beginning balance | $ 2,828,203 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | |
Sale of Units | |
Redemption of Units | (29,522) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (566,960) |
Owners’ Capital, Ending balance | 2,231,721 |
Frontier Global Fund | The Series of Frontier Funds | Class 2 | Managing Owner | |
Owners' Capital, Beginning balance | $ 28,821 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 97 |
Sale of Units | |
Redemption of Units | (800) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (5,530) |
Owners’ Capital, Ending balance | $ 22,491 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (3) |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 94 |
Frontier Global Fund | The Series of Frontier Funds | Class 2 | Limited Owners | |
Owners' Capital, Beginning balance | $ 110,257 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 371 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 297.25 |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (21,633) |
Owners’ Capital, Ending balance | $ 88,624 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 371 |
Change in net asset value (in Dollars per share) | $ / shares | $ (58.33) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 238.92 |
Frontier Global Fund | The Series of Frontier Funds | Non- Controlling Interests | |
Owners' Capital, Beginning balance | |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | |
Owners’ Capital, Ending balance | |
Frontier Global Fund | The Series of Frontier Funds | Class 1 | Limited Owners | |
Owners' Capital, Beginning balance | $ 2,689,125 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 14,514 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 185.27 |
Sale of Units | |
Redemption of Units | (28,722) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (539,797) |
Owners’ Capital, Ending balance | $ 2,120,606 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (169) |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 14,345 |
Change in net asset value (in Dollars per share) | $ / shares | $ (37.44) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 147.83 |
Frontier Heritage Fund | The Series of Frontier Funds | |
Owners' Capital, Beginning balance | $ 3,086,357 |
Sale of Units | |
Redemption of Units | (80,874) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (615,136) |
Owners’ Capital, Ending balance | 2,390,347 |
Frontier Heritage Fund | The Series of Frontier Funds | Class 2 | Managing Owner | |
Owners' Capital, Beginning balance | $ 31,125 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 118 |
Sale of Units | |
Redemption of Units | (500) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (5,996) |
Owners’ Capital, Ending balance | $ 24,629 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (2) |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 116 |
Frontier Heritage Fund | The Series of Frontier Funds | Class 2 | Limited Owners | |
Owners' Capital, Beginning balance | $ 211,743 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 797 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 265.55 |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (41,374) |
Owners’ Capital, Ending balance | $ 170,369 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 797 |
Change in net asset value (in Dollars per share) | $ / shares | $ (51.89) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 213.66 |
Frontier Heritage Fund | The Series of Frontier Funds | Non- Controlling Interests | |
Owners' Capital, Beginning balance | |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | |
Owners’ Capital, Ending balance | |
Frontier Heritage Fund | The Series of Frontier Funds | Class 1 | Limited Owners | |
Owners' Capital, Beginning balance | $ 2,830,832 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 18,366 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 154.14 |
Sale of Units | |
Redemption of Units | (80,374) |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (565,293) |
Owners’ Capital, Ending balance | $ 2,185,165 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | (616) |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 17,750 |
Change in net asset value (in Dollars per share) | $ / shares | $ (31.03) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 123.11 |
Frontier Heritage Fund | The Series of Frontier Funds | Class 1AP | Limited Owners | |
Owners' Capital, Beginning balance | $ 12,657 |
Owners’ Capital - Units, Beginning balance (in Shares) | shares | 64 |
Net asset value per unit, Beginning balance (in Dollars per share) | $ / shares | $ 198.42 |
Sale of Units | |
Redemption of Units | |
Transfer of Units In(Out) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (2,473) |
Owners’ Capital, Ending balance | $ 10,184 |
Sale of Units (including transfers) (in Shares) | shares | |
Redemption of Units (including transfers) (in Shares) | shares | |
Owners’ Capital - Units, Ending balance (in Shares) | shares | 64 |
Change in net asset value (in Dollars per share) | $ / shares | $ (38.77) |
Net asset value per unit, Ending balance (in Dollars per share) | $ / shares | $ 159.65 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
The Series of Frontier Funds | Frontier Diversified Fund | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | $ (557,188) | $ 630,678 |
Change in: | ||
Net change in ownership allocation of U.S. Treasury securities | (24,810) | 83,003 |
Net unrealized (gain)/loss on U.S. Treasury securities | 22 | 1,921 |
Net realized (gain)/loss on U.S. Treasuries securities | 1,172 | 828 |
Net unrealized (gain)/loss on private investment companies | 562,102 | (1,081,696) |
Net realized (gain)/loss on private investment companies | (33,702) | 432,880 |
(Purchases) sales of: | ||
Sales of U.S. Treasury securities | 125,248 | |
(Purchases) of U.S. Treasury securities | (65,986) | (187,262) |
U.S. Treasury interest and premium paid/amortized | 1,099 | 1,365 |
(Purchases) of Private Investment Companies | (119,829) | (517,270) |
Sale of Private Investment Companies | 185,112 | 623,019 |
Increase and/or decrease in: | ||
Investments in unconsolidated trading companies, at fair value | (27,329) | 8,081 |
Interest receivable | 973 | (282) |
Redemptions receivable from private investment companies | ||
Interest payable to Managing Owner | ||
Trading fees payable to Managing Owner | (1,401) | 955 |
Service fees payable to Managing Owner | (13) | 13 |
Other liabilities | 2,066 | (2,044) |
Net cash provided by (used in) operating activities | 47,536 | (5,811) |
Cash Flows from Financing Activities: | ||
Payment for redemption of units | (500) | (68,010) |
Change in owner redemptions payable | 277 | |
Net cash provided by (used in) financing activities | (500) | (67,733) |
Net increase (decrease) in cash and cash equivalents | 47,036 | (73,544) |
Cash and cash equivalents, beginning of year | 46,604 | 165,491 |
Cash and cash equivalents, end of year | 93,640 | 91,947 |
The Series of Frontier Funds | Frontier Masters Fund | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (156,718) | 243,218 |
Change in: | ||
Net change in ownership allocation of U.S. Treasury securities | (18,361) | 38,782 |
Net unrealized (gain)/loss on U.S. Treasury securities | 104 | 561 |
Net realized (gain)/loss on U.S. Treasuries securities | 653 | 423 |
Net unrealized (gain)/loss on private investment companies | 167,200 | (481,020) |
Net realized (gain)/loss on private investment companies | (22,977) | 229,832 |
(Purchases) sales of: | ||
Sales of U.S. Treasury securities | 74,117 | |
(Purchases) of U.S. Treasury securities | (42,953) | (84,554) |
U.S. Treasury interest and premium paid/amortized | 662 | 664 |
(Purchases) of Private Investment Companies | (76,538) | (217,768) |
Sale of Private Investment Companies | 157,456 | 412,820 |
Increase and/or decrease in: | ||
Investments in unconsolidated trading companies, at fair value | (15,103) | 4,136 |
Interest receivable | 382 | (114) |
Redemptions receivable from private investment companies | ||
Interest payable to Managing Owner | ||
Trading fees payable to Managing Owner | (1,013) | 416 |
Service fees payable to Managing Owner | (12) | |
Other liabilities | 1,108 | (979) |
Net cash provided by (used in) operating activities | 68,007 | 146,417 |
Cash Flows from Financing Activities: | ||
Payment for redemption of units | (22,298) | (190,773) |
Change in owner redemptions payable | (19,922) | 8,689 |
Net cash provided by (used in) financing activities | (42,220) | (182,084) |
Net increase (decrease) in cash and cash equivalents | 25,787 | (35,667) |
Cash and cash equivalents, beginning of year | 18,560 | 76,703 |
Cash and cash equivalents, end of year | 44,347 | 41,036 |
The Series of Frontier Funds | Frontier Long/Short Commodity Fund | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (129,430) | 299,890 |
Change in: | ||
Net change in ownership allocation of U.S. Treasury securities | (28,544) | 34,723 |
Net unrealized (gain)/loss on U.S. Treasury securities | (57) | 939 |
Net realized (gain)/loss on U.S. Treasuries securities | 992 | 444 |
Net unrealized (gain)/loss on private investment companies | 131,235 | (302,405) |
Net realized (gain)/loss on private investment companies | (8,908) | (1,048) |
(Purchases) sales of: | ||
Sales of U.S. Treasury securities | 95,748 | |
(Purchases) of U.S. Treasury securities | (36,199) | (91,922) |
U.S. Treasury interest and premium paid/amortized | 632 | 610 |
(Purchases) of Private Investment Companies | (20,967) | (63,333) |
Sale of Private Investment Companies | 59,848 | 207,329 |
Increase and/or decrease in: | ||
Investments in unconsolidated trading companies, at fair value | (1,576) | (3,242) |
Interest receivable | 838 | (299) |
Redemptions receivable from private investment companies | (711) | |
Interest payable to Managing Owner | (23) | 11 |
Trading fees payable to Managing Owner | (265) | (525) |
Service fees payable to Managing Owner | (3) | 3 |
Other liabilities | 514 | (90) |
Net cash provided by (used in) operating activities | 63,835 | 80,374 |
Cash Flows from Financing Activities: | ||
Payment for redemption of units | (47,298) | (56,940) |
Change in owner redemptions payable | (12,790) | (20,301) |
Net cash provided by (used in) financing activities | (60,088) | (77,241) |
Net increase (decrease) in cash and cash equivalents | 3,747 | 3,133 |
Cash and cash equivalents, beginning of year | 38,703 | 40,528 |
Cash and cash equivalents, end of year | 42,450 | 43,661 |
The Series of Frontier Funds | Frontier Balanced Fund | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (2,131,654) | 2,714,971 |
Change in: | ||
Net change in open trade equity, at fair value | (1,477) | 14,836 |
Net change in ownership allocation of U.S. Treasury securities | 98,484 | (349,053) |
Net unrealized (gain)/loss on U.S. Treasury securities | (505) | 4,122 |
Net realized (gain)/loss on U.S. Treasuries securities | 3,540 | 1,928 |
Net unrealized (gain)/loss on private investment companies | 1,727,894 | (3,769,442) |
Net realized (gain)/loss on private investment companies | (46,098) | 1,136,957 |
(Purchases) sales of: | ||
Sales of U.S. Treasury securities | 376,140 | |
(Purchases) of U.S. Treasury securities | (279,120) | (245,678) |
U.S. Treasury interest and premium paid/amortized | 890 | (115) |
(Purchases) of Private Investment Companies | (297,065) | (1,643,376) |
Sale of Private Investment Companies | 866,381 | 2,299,318 |
Increase and/or decrease in: | ||
Receivable from futures commission merchants | (124,878) | 583,917 |
Investments in unconsolidated trading companies, at fair value | 126,024 | (71,666) |
Interest receivable | 4,977 | (3,879) |
Other assets | (1,170) | |
Redemptions receivable from private investment companies | (3,894) | |
Incentive fees payable to Managing Owner | (692) | 22,261 |
Management fees payable to Managing Owner | (154) | 170 |
Interest payable to Managing Owner | (1,626) | (4) |
Trading fees payable to Managing Owner | (6,976) | 3,920 |
Service fees payable to Managing Owner | (3,843) | 2,500 |
Risk analysis fees payable | (130) | 1,321 |
Subscriptions in advance for service fee rebates | 4,081 | 5,215 |
Other liabilities | (6,867) | 8,538 |
Net cash provided by (used in) operating activities | 306,156 | 712,867 |
Cash Flows from Financing Activities: | ||
Payment for redemption of units | (476,405) | (448,666) |
Change in owner redemptions payable | (34,822) | (20,384) |
Net cash provided by (used in) financing activities | (511,227) | (469,050) |
Net increase (decrease) in cash and cash equivalents | (205,071) | 243,817 |
Cash and cash equivalents, beginning of year | 221,344 | 188,010 |
Cash and cash equivalents, end of year | 16,273 | 431,827 |
The Series of Frontier Funds | Frontier Select Fund | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (368,899) | 443,679 |
Change in: | ||
Net change in open trade equity, at fair value | ||
Net change in ownership allocation of U.S. Treasury securities | (37,121) | 33,191 |
Net unrealized (gain)/loss on U.S. Treasury securities | (8) | 811 |
Net realized (gain)/loss on U.S. Treasuries securities | 1,009 | 386 |
Net unrealized (gain)/loss on private investment companies | 355,158 | (976,044) |
Net realized (gain)/loss on private investment companies | (10,201) | 513,536 |
(Purchases) sales of: | ||
Sales of U.S. Treasury securities | 103,386 | |
(Purchases) of U.S. Treasury securities | (40,277) | (85,056) |
U.S. Treasury interest and premium paid/amortized | ||
(Purchases) of Private Investment Companies | (14,020) | (641,030) |
Sale of Private Investment Companies | 72,067 | 738,297 |
Increase and/or decrease in: | ||
Receivable from futures commission merchants | ||
Investments in unconsolidated trading companies, at fair value | (10,978) | (859) |
Interest receivable | 705 | (235) |
Other assets | ||
Redemptions receivable from private investment companies | (339) | |
Incentive fees payable to Managing Owner | ||
Management fees payable to Managing Owner | ||
Interest payable to Managing Owner | (119) | 41 |
Trading fees payable to Managing Owner | (1,028) | 617 |
Service fees payable to Managing Owner | (775) | 748 |
Risk analysis fees payable | ||
Subscriptions in advance for service fee rebates | 175 | 211 |
Other liabilities | 895 | (27) |
Net cash provided by (used in) operating activities | 49,969 | 27,927 |
Cash Flows from Financing Activities: | ||
Payment for redemption of units | (30,660) | (37,062) |
Change in owner redemptions payable | ||
Net cash provided by (used in) financing activities | (30,660) | (37,062) |
Net increase (decrease) in cash and cash equivalents | 19,309 | (9,135) |
Cash and cash equivalents, beginning of year | 33,183 | 51,140 |
Cash and cash equivalents, end of year | 52,492 | 42,005 |
The Series of Frontier Funds | Frontier Global Fund | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (566,960) | 980,222 |
Change in: | ||
Net change in ownership allocation of U.S. Treasury securities | (13,996) | 93,254 |
Net unrealized (gain)/loss on U.S. Treasury securities | (117) | 1,446 |
Net realized (gain)/loss on U.S. Treasuries securities | 831 | 513 |
Net unrealized (gain)/loss on private investment companies | 593,634 | (874,900) |
Net realized (gain)/loss on private investment companies | (80,963) | (146,069) |
(Purchases) sales of: | ||
Sales of U.S. Treasury securities | 93,842 | |
(Purchases) of U.S. Treasury securities | (62,385) | (170,130) |
(Purchases) of Private Investment Companies | (56,623) | (206,524) |
Sale of Private Investment Companies | 233,776 | 534,460 |
Increase and/or decrease in: | ||
Investments in unconsolidated trading companies, at fair value | (42,006) | 6,686 |
Interest receivable | 513 | (199) |
Interest payable to Managing Owner | (42) | 88 |
Trading fees payable to Managing Owner | (1,834) | 1,788 |
Service fees payable to Managing Owner | (924) | 1,282 |
Subscriptions in advance for service fee rebates | 805 | 771 |
Other liabilities | 2,968 | (1,617) |
Net cash provided by (used in) operating activities | 100,519 | 221,071 |
Cash Flows from Financing Activities: | ||
Payment for redemption of units | (29,522) | (305,109) |
Change in owner redemptions payable | 25,386 | |
Net cash provided by (used in) financing activities | (29,522) | (279,723) |
Net increase (decrease) in cash and cash equivalents | 70,997 | (58,652) |
Cash and cash equivalents, beginning of year | 26,333 | 128,021 |
Cash and cash equivalents, end of year | 97,330 | 69,369 |
The Series of Frontier Funds | Frontier Heritage Fund | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (615,136) | 982,801 |
Change in: | ||
Net change in ownership allocation of U.S. Treasury securities | 19,479 | 58,522 |
Net unrealized (gain)/loss on U.S. Treasury securities | (91) | 1,420 |
Net realized (gain)/loss on U.S. Treasuries securities | 746 | 532 |
Net unrealized (gain)/loss on private investment companies | 605,502 | (946,263) |
Net realized (gain)/loss on private investment companies | (43,789) | (75,755) |
(Purchases) sales of: | ||
Sales of U.S. Treasury securities | 84,761 | |
(Purchases) of U.S. Treasury securities | (66,474) | (166,132) |
(Purchases) of Private Investment Companies | (57,102) | (53,273) |
Sale of Private Investment Companies | 154,655 | 318,307 |
Increase and/or decrease in: | ||
Investments in unconsolidated trading companies, at fair value | (242) | (10,568) |
Interest receivable | 986 | (653) |
Interest payable to Managing Owner | (254) | 231 |
Trading fees payable to Managing Owner | (1,643) | 2,056 |
Service fees payable to Managing Owner | (1,059) | 1,542 |
Subscriptions in advance for service fee rebates | 2,017 | 1,879 |
Other liabilities | 227 | 80 |
Net cash provided by (used in) operating activities | 82,583 | 114,726 |
Cash Flows from Financing Activities: | ||
Payment for redemption of units | (80,873) | (98,954) |
Change in owner redemptions payable | 14,972 | |
Net cash provided by (used in) financing activities | (80,874) | (83,982) |
Net increase (decrease) in cash and cash equivalents | 1,709 | 30,744 |
Cash and cash equivalents, beginning of year | 45,466 | 48,839 |
Cash and cash equivalents, end of year | 47,175 | 79,583 |
Frontier Funds | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (4,525,985) | 6,295,459 |
Increase and/or decrease in: | ||
Management fees payable to Managing Owner, net of change in receivable | (154) | 170 |
Change in: | ||
Net change in open trade equity, at fair value | (1,477) | 14,836 |
Net change in ownership allocation of U.S. Treasury securities | 3,397 | 687 |
Net unrealized (gain)/loss on U.S. Treasury securities | (652) | 11,220 |
Net realized (gain)/loss on U.S. Treasuries securities | 8,943 | 5,054 |
Net unrealized (gain)/loss on private investment companies | 4,179,242 | (8,459,281) |
Net realized (gain)/loss on private investment companies | (254,335) | 2,050,355 |
(Purchases) sales of: | ||
Sales of U.S. Treasury securities | 953,242 | |
(Purchases) of U.S. Treasury securities | (601,661) | (1,039,000) |
U.S. Treasury interest and premium paid/amortized | 3,283 | 2,524 |
(Purchases) of Private Investment Companies | (642,173) | (3,342,520) |
Sale of Private Investment Companies | 1,729,295 | 5,133,547 |
Increase and/or decrease in: | ||
Receivable from futures commission merchants | (124,878) | 583,917 |
Interest receivable | 9,374 | (5,661) |
Other assets | (1,170) | |
Redemptions receivable from private investment companies | (4,944) | |
Incentive fees payable to Managing Owner | (692) | 22,261 |
Interest payable to Managing Owner | (2,064) | 367 |
Trading fees payable to Managing Owner | (14,160) | 9,227 |
Service fees payable to Managing Owner | (6,629) | 6,088 |
Risk analysis fees payable | (130) | 1,321 |
Subscriptions in advance for service fee rebates | 7,078 | 8,076 |
Other liabilities | 911 | 3,861 |
Net cash provided by (used in) operating activities | 718,605 | 1,297,564 |
Cash Flows from Financing Activities: | ||
Payment for redemption of capital | (687,561) | (1,205,512) |
Redemptions payable | (67,530) | 8,644 |
Net cash provided by (used in) financing activities | (755,091) | (1,196,868) |
Net increase (decrease) in cash and cash equivalents | (36,486) | 100,696 |
Cash and cash equivalents, beginning of year | 430,193 | 698,732 |
Cash and cash equivalents, end of year | $ 393,707 | $ 799,428 |
Organization and Purpose
Organization and Purpose | 3 Months Ended |
Mar. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Organization and Purpose [Line Items] | |
Organization and Purpose | 1. Organization and Purpose 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 combined consolidated financial statements of the Trust included within this periodic report. The Trust is a multi-advisor commodity pool, as described in Commodity Futures Trading Commission (the “CFTC”) Regulation § 4.10(d)(2). The Trust has authority to issue separate series, or each, a Series, of units of beneficial interest (the “Units”) pursuant to the requirements of the Delaware Statutory Trust Act, as amended (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 of 1940, as amended (the “Investment Company Act”). It is managed by Frontier Fund Management LLC (the “Managing Owner”). 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, as further amended, by and among the Managing Owner, Wilmington Trust Company as trustee and the unitholders, as may be amended from time to time (“Trust Agreement”), unitholders of the 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 has been organized to pool 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 may also engage in futures contracts, forwards, option contracts and other interest in derivative instruments, including swap contracts. The Trust has seven (7) separate and distinct Series of Units issued and outstanding: Frontier Diversified Fund, Frontier Masters Fund, Frontier Long/Short Commodity Fund, Frontier Balanced Fund, Frontier Select Fund, Frontier Global Fund, and 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” or “Trading Companies”) or to an unaffiliated series limited liability company (“Galaxy Plus entities” or “Galaxy Plus entity”). Except as otherwise described in these notes, each Trading Company and Galaxy Plus entity 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 and Galaxy Plus assets and make the trading decisions for the assets of each Series invested in such Trading Company and Galaxy Plus entity. Each Trading Company and Galaxy Plus entity will segregate its assets from any other Trading Company and Galaxy Plus entity; ● 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 seven sub-classes—Class 1, Class 1AP, Class 1a, Class 2, Class 2a, Class 3, and Class 3a. Investors who have purchased Class 1 or Class 1a Units of Frontier Diversified Fund, Frontier Masters Fund, and Frontier Long/Short Commodity Fund are charged a service fee of up to two percent (2.0%) annually of the NAV (of the purchase price, in case of the initial service fee) 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 two percent (2.0%) 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 or 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 two percent (2.0%) of the purchase price at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. Investors who have purchased Class 1 or Class 1a Units of Frontier Balanced Fund, Frontier Heritage Fund, Frontier Select Fund, and Frontier Global Fund are charged a service fee of up to three percent (3.0%) annually of the NAV (of the purchase price, in case of the initial service fee) 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. 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 Frontier Diversified Fund, and Frontier Masters Fund or Class 2a Units of the 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 2a Units of the Frontier Long/Short Commodity Fund or 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. The service fee limit applicable to each unit sold is reached upon the earlier of when (i) the aggregate initial and ongoing service fees received by the selling agent with respect to such unit equals 9% of the purchase price of such unit or (ii) the aggregate underwriting compensation (determined in accordance with FINRA Rule 2310) paid in respect of such unit totals 10% of the purchase price of such unit. 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 March 31, 2023, the Trust, with respect to the Frontier Diversified Fund and Frontier Masters Fund, separates Units into two separate Classes—Class 2, and Class 3. The Trust, with respect to the Frontier Select Fund and Frontier Heritage Fund separates Units into three separate Classes—Class 1, Class 2 and Class 1AP. The Trust, with respect to the Frontier Global Fund, separates Units into two separate Classes—Class 1 and Class 2. The Trust, with respect to the Frontier Balanced Fund, separates Units into five separate Classes—Class 1, Class 1AP, Class 2, Class 2a and Class 3a. The Trust, with respect to the Frontier Long/Short Commodity Fund, separates Units into four separate Classes—Class 2, Class 2a, Class 3 and Class 3a. Between April 15, 2016 and May 10, 2017, a portion of the interests in Frontier Trading Company I, LLC and all of the interests in Frontier Trading Company VII, LLC, Frontier Trading Company XV, LLC, and Frontier Trading Company XXIII LLC held by Frontier Diversified Fund, Frontier Masters Fund, Frontier Select Fund, Frontier Balanced Fund and Frontier Long/Short Commodity Fund were exchanged for equivalent interests in the Galaxy Plus Managed Account Platform (“Galaxy Plus”) which is an unaffiliated, third-party managed account platform. The assets of Frontier Trading Company I, LLC, which included exposure to Quantmetrics Capital Management LLP’s Multi-Strategy Program, Quantitative Investment Management, LLC’s Quantitative Global Program, Quest Partners LLC’s Quest Tracker Index Program, Chesapeake Capital Management, LLC’s Diversified Program, and Doherty Advisors LLC’s Relative Value Moderate Program, the assets of Frontier Trading Company VII, LLC, which included exposure to Emil van Essen LLC’s Multi-Strategy Program, Red Oak Commodity Advisors, Inc.’s Fundamental Diversified Program, Rosetta Capital Management, LLC’s Rosetta Trading Program, and Landmark Trading Company’s Landmark Program, the assets of Frontier Trading Company XV, LLC, which included exposure to Transtrend B.V.’s TT Enhanced Risk (USD) Program, and the assets of Frontier Trading Company XXIII, LLC which included exposure to Fort L.P.’s Global Contrarian Program have been transferred to individual Delaware limited liability companies (“Master Funds”) in Galaxy Plus. Each Master Fund is sponsored and operated by New Hyde Park Alts, LLC (“New Hyde Park”). New Hyde Park has contracted with the Trading Advisors to manage the portfolios of the Master Funds pursuant to the advisors’ respective program. For those Series that invest in Galaxy Plus, approximately 75-95% of those Series assets are used to support the margin requirements of the Master Funds. The remaining assets of the Series are split between investments in Trading Companies and a pooled cash management account that invests primarily in U.S. Treasury securities. All the funds are invested in Galaxy Plus entities. Each of the Series has invested a portion of its assets in several different Trading Companies or Galaxy Plus entities and one or more Trading Advisors may manage the assets invested in such Trading Companies or Galaxy Plus entities. 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, bad faith or willful misconduct. |
Frontier Funds [Member] | |
Organization and Purpose [Line Items] | |
Organization and Purpose | 1. Organization and Purpose Frontier Funds, which is referred to in this report as the “Trust”, was formed on August 8, 2003, as a Delaware statutory trust and is set to expire on December 31, 2053. 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, as further amended, by and among the Managing Owner, Wilmington Trust Company as trustee and the unitholders, as amended from time to time (the “Trust Agreement”), unitholders of the 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. The Trust has seven (7) separate and distinct Series of Units issued and outstanding: Frontier Diversified Fund, Frontier Masters Fund, Frontier Long/Short Commodity Fund, Frontier Balanced Fund, Frontier Select Fund, Frontier Global Fund, and Frontier Heritage Fund. The Trust’s combined consolidated financial statements are comprised of each unitized Series’ consolidated financial statements being combined to present all Series in aggregate. However, the combined 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 limited liability trading company or companies (“Trading Company” or “Trading Companies”) or to an unaffiliated series limited liability company (“Galaxy Plus entities” or “Galaxy Plus entity”). Except as otherwise described in these notes, each Trading Company and Galaxy Plus entity 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 and Galaxy Plus assets and make the trading decisions for the assets of each Series invested in such Trading Company and Galaxy Plus entity. Each Trading Company and Galaxy Plus entity will segregate its assets from any other Trading Company and Galaxy Plus entity; ● 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 seven sub-classes—Class 1, Class 1AP, Class 1a, Class 2, Class 2a, Class 3, and Class 3a. Investors who have purchased Class 1 or Class 1a Units of Frontier Diversified Fund, Frontier Masters Fund, and Frontier Long/Short Commodity Fund are charged a service fee of up to two percent (2.0%) annually of the NAV (of the purchase price, in case of the initial service fee) 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 two percent (2.0%) 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 or 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 two percent (2.0%) of the purchase price at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. Investors who have purchased Class 1 or Class 1a Units of Frontier Balanced Fund, Frontier Heritage Fund, Frontier Select Fund, and Frontier Global Fund are charged a service fee of up to three percent (3.0%) annually of the NAV (of the purchase price, in case of the initial service fee) 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. 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 Frontier Diversified Fund, and Frontier Masters Fund or Class 2a Units of the 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 Frontier Long/Short Commodity Fund or 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. The service fee limit applicable to each unit sold is reached upon the earlier of when (i) the aggregate initial and ongoing service fees received by the selling agent with respect to such unit equals 9% of the purchase price of such unit or (ii) the aggregate underwriting compensation (determined in accordance with FINRA Rule 2310) paid in respect of such unit totals 10% of the purchase price of such unit. 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. Frontier Masters Fund Class 1 was closed as of April 1, 2021 and Frontier Diversified Fund Class 1 was closed as of July 21, 2021. 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 December 31, 2022, the Trust, with respect to the Frontier Diversified Fund and Frontier Masters Fund, separates Units into two separate Classes—Class 2, and Class 3. The Trust, with respect to the Frontier Select Fund and Frontier Heritage Fund separates Units into three separate Classes—Class 1, Class 2 and Class 1AP. The Trust, with respect to the Frontier Global Fund, separates Units into two separate Classes—Class 1 and Class 2. The Trust, with respect to the Frontier Balanced Fund, separates Units into five separate Classes—Class 1, Class 1AP, Class 2, Class 2a and Class 3a. The Trust, with respect to the Frontier Long/Short Commodity Fund, separates Units into four separate Classes—Class 2, Class 2a, Class 3 and Class 3a. Between April 15, 2016 and May 10, 2017, a portion of the interests in Frontier Trading Company I, LLC and all of the interests in Frontier Trading Company VII, LLC, Frontier Trading Company XV, LLC, and Frontier Trading Company XXIII LLC held by Frontier Diversified Fund, Frontier Masters Fund, Frontier Select Fund, Frontier Balanced Fund and Frontier Long/Short Commodity Fund were exchanged for equivalent interests in the Galaxy Plus Managed Account Platform (“Galaxy Plus”) which is an unaffiliated, third-party managed account platform. The assets of Frontier Trading Company I, LLC, which included exposure to Quantmetrics Capital Management LLP’s Multi-Strategy Program, Quantitative Investment Management, LLC’s Quantitative Global Program, Quest Partners LLC’s Quest Tracker Index Program, Chesapeake Capital Management, LLC’s Diversified Program, and Doherty Advisors LLC’s Relative Value Moderate Program, the assets of Frontier Trading Company VII, LLC, which included exposure to Emil van Essen LLC’s Multi-Strategy Program, Red Oak Commodity Advisors, Inc.’s Fundamental Diversified Program, Rosetta Capital Management, LLC’s Rosetta Trading Program, and Landmark Trading Company’s Landmark Program, the assets of Frontier Trading Company XV, LLC, which included exposure to Transtrend B.V.’s TT Enhanced Risk (USD) Program, and the assets of Frontier Trading Company XXIII, LLC which included exposure to Fort L.P.’s Global Contrarian Program have been transferred to individual Delaware limited liability companies (“Master Funds”) in Galaxy Plus. Each Master Fund is sponsored and operated by New Hyde Park. New Hyde Park has contracted with the Trading Advisors to manage the portfolios of the Master Funds pursuant to the advisors’ respective program. For those Series that invest in Galaxy Plus, approximately 30-70% of those Series assets are used to support the margin requirements of the Master Funds. The remaining assets of the Series are split between investments in Trading Companies and a pooled cash management account that invests primarily in U.S. Treasury securities. For those Series that do not invest in Galaxy Plus, their assets are split between investments in Trading Companies and investments in the pooled cash management account. Each of the Series has invested a portion of its assets in several different Trading Companies or Galaxy Plus entities and one or more Trading Advisors may manage the assets invested in such Trading Companies or Galaxy Plus entities. 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, bad faith or willful misconduct. |
Significant Accounting Policies
Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Significant Accounting Policies [Abstract] | |
Significant Accounting Policies | 2. Significant Accounting Policies The following are the significant accounting policies of the Series of the Trust. Basis of Presentation Consolidation Galaxy Plus entities are co-mingled investment vehicles. In addition to the Series, there are other non-affiliated investors in Galaxy Plus. Subscriptions and redemptions by these non-affiliated investors will have a direct impact on the Series ownership percentage in Galaxy Plus. It is expected that ownership percentage will fluctuate (sometimes significantly) on a week-by-week basis which could also result in frequent changes in the consolidating Series. Such fluctuations make consolidating the financial statements of the Galaxy Plus entities both impractical and misleading. Non-consolidation of these Galaxy Plus entities presents a more useful financial statement for the readers. As such, management has decided that presenting Galaxy Plus entities on a non-consolidated basis as investments in other investments companies (a “fund of funds” approach) is appropriate and preferable to the users of these financial statements. Refer to Note 5 for additional disclosures related to these private investment companies. 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 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 consolidated statements of operations. Purchase and Sales of Private Investment Companies Foreign Currency Transactions— Allocation of Earnings— Each Series allocates funds to an affiliated Trading Company, or Companies, of the Trust or unaffiliated Galaxy Plus entity. 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). Likewise, trading gains and losses earned and incurred by the Series through their investments in Galaxy Plus entities are allocated to those Series on a daily basis. The allocation of gains and losses in Galaxy Plus entities are based on each Series pro-rata shares of the trading level of that entity which is updated at the beginning of each month or more frequently if there is a subscription or redemption activity in the entity. 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 Companies or Galaxy Plus entities. Investments and Swaps Income Taxes Income Taxes The 2019 through 2022 tax years generally remain subject to examination by U.S. federal and most state tax authorities. 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, (ii) the Trust is not a publicly traded partnership treated as a corporation, and (iii) the discussion set forth in the Prospectus under the heading “U.S. 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 Incentive Fee (rebate) Service Fees Each Series is charged service fees as outlined above. In some cases, amounts paid to selling agents might be less than the amount charged to the Series. When this occurs, the service fee is rebated back to the investor in the form of additional units. During 2022, 2021 and 2020, the Series were not allowed to issue additional units. The Managing Owner has determined that the purchase of additional units of the relevant Series will commence in 2023 when the Series are allowed to sell shares again. As such, the Managing Owner has calculated the amounts for additional units of the relevant series which will be purchased and classified such amounts as subscriptions in advance for service fee rebates of $22,650, $393, $31,725, $395,538, $22,221, $163,190 and $81,684 for the Frontier Diversified, Long/Short Commodity, Masters, Balanced, Select, Global and Heritage Funds, respectively, as of March 31, 2023. 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 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— Owner redemptions payable— Recently Adopted Accounting Pronouncements— Subsequent Events—Each Series follows the provisions of ASC 855, Subsequent Events |
Frontier Funds [Member] | |
Significant Accounting Policies [Abstract] | |
Significant Accounting Policies | 2. Significant Accounting Policies The following are the significant accounting policies of the Trust. Basis of Presentation Consolidation The income or loss attributable thereto in proportion to the investment level of the private investment companies is shown in the combined consolidated statements of operations as net unrealized gain/(loss) on private investment companies. The consolidated financial statements of the Series and Trading Companies are combined to form the combined consolidated financial statements of the Trust. All intercompany transactions have been eliminated in combination. Galaxy Plus entities are co-mingled investment vehicles. In addition to the Trust, there are other non-affiliated investors in Galaxy Plus. Subscriptions and redemptions by these non-affiliated investors will have a direct impact on the Trust ownership percentage in Galaxy Plus. It is expected that ownership percentage will fluctuate (sometimes significantly) on a week by week basis which could also result in frequent changes in the consolidating Series. Such fluctuations make consolidating the financial statements of the Galaxy Plus entities both impractical and misleading. Non-consolidation of these Galaxy Plus entities presents a more useful financial statement for the readers. As such, management has decided that presenting Galaxy Plus entities on a non-consolidated basis as investments in other investments companies (a “fund of funds” approach) is appropriate and preferable to the users of these financial statements. Refer to Note 5 for additional disclosures related to these private investment companies. 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 combined 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 combined consolidated statements of operations. Purchase and Sales of Private Investment Companies Foreign Currency Transactions— Allocation of Earnings— Each Series allocates funds to an affiliated Trading Company, or Companies, of the Trust, or unaffiliated Galaxy Plus entity. 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). Likewise, trading gains and losses earned and incurred by the Series through their investments in Galaxy Plus entities are allocated to those Series on a daily basis. The allocation of gains and losses in Galaxy Plus entities are based on each Series pro-rata shares of the trading level of that entity which is updated at the beginning of each month or more frequently if there is a subscription or redemption activity in the entity. 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 Companies or Galaxy Plus entities. Investments and Swaps— Income Taxes Income Taxes The 2019 through 2022 tax years generally remain subject to examination by U.S. federal and most state tax authorities. 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, (ii) the Trust is not a publicly traded partnership treated as a corporation, and (iii) the discussion set forth in the Prospectus under the heading “U.S. 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 Series Units of the Trust. Fees and Expenses— Incentive Fee (rebate)— Service Fees Each Series is charged service fees as outlined above. In some cases, amounts paid to selling agents might be less than the amount charged to the Series. When this occurs, the service fee is rebated back to the investor in the form of additional units. During 2022, 2021 and 2020, the Series were not allowed to issue additional units. The Managing Owner has determined that the purchase of additional units of the relevant Series will commence in 2023 when the Series are allowed to sell shares again. As such, the Managing Owner has calculated the amounts for additional units of the relevant series which will be purchased and classified such amounts as Subscriptions in advance for service fee rebates of $717,401 and $710,323 as of March 31, 2023 and December 31, 2022, respectively. 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— Owner redemptions payable— Recently Adopted Accounting Pronouncements— Subsequent Events Subsequent Events |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Mar. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Fair Value Measurements [Abstract] | |
Fair Value Measurements | 3. Fair Value Measurements In connection with the valuation of investments the Series apply ASC 820. ASC 820 provides clarification that when a quoted price in an active market for the identical asset or liability is not available, a reporting entity is required to measure fair value using certain techniques. ASC 820 also clarifies that when estimating the fair value of an asset or liability, a reporting entity is not required to include a separate input or adjustment to other inputs relating to the existence of a restriction that prevents the transfer of an asset or liability. ASC 820 also clarifies that both a quoted price in an active market for the identical asset or liability at the measurement date and the quoted price for the identical asset or liability when traded as an asset in an active market when no adjustments to the quoted price of the asset are required are Level 1 fair value measurements. 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, with respect to the Series, uses the following methodologies to value instruments within its financial asset portfolio at fair value: Trading Securities. Swap Contracts. Swap contracts are reported at fair value upon daily reports from the counterparty. In addition, a third party takes the inputs from the counterparty, makes certain adjustments, and runs it through their pricing model to come up with their daily price. The fair value measurements of the swap contracts are valued using unadjusted inputs that were not internally developed. The Managing Owner reviews, compares and approves current day pricing of the CTA positions, as received from the counterparty which includes intra-day volatility and volume and daily index performance, as well as from the third party. Differences in prices exceeding 5% are investigated. Unexplainable differences are escalated to the Managing Owner’s Valuation Committee for evaluation and resolution. Swap contracts are reported at fair value using Level 3 inputs. All swap investments were liquidated in 2020. Investments in Private Investment Companies Investment in Unconsolidated Trading Companies. The following table summarizes investment in each Series measured at fair value on a recurring basis as of March 31, 2023 and December 31, 2022 segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value. March 31, 2023 Practical Level 1 Level 2 Level 3 Total Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 56,000 $ - $ - $ - $ 56,000 U.S. Treasury Securities - 5,453 - - 5,453 Frontier Masters Fund Investment in Unconsolidated Trading Companies 26,521 - - - 26,521 U.S. Treasury Securities - 2,582 - - 2,582 Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 25,386 - - - 25,386 U.S. Treasury Securities - 2,472 - - 2,472 Frontier Balanced Fund Investment in Unconsolidated Trading Companies 10,145 - - - 10,145 Open Trade Equity (Deficit) 3,147 - - 3,147 U.S. Treasury Securities - 988 - - 988 Frontier Select Fund - Investment in Unconsolidated Trading Companies 31,392 - - - 31,392 U.S. Treasury Securities - 3,057 - - 3,057 Frontier Global Fund - Investment in Unconsolidated Trading Companies 58,206 - - - 58,206 U.S. Treasury Securities - 5,668 - - 5,668 Frontier Heritage Fund Investment in Unconsolidated Trading Companies 28,212 - - - 28,212 U.S. Treasury Securities - 2,747 - - 2,747 December 31, 2022 Practical Level 1 Level 2 Level 3 Total Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 28,671 $ - $ - $ - $ 28,671 U.S. Treasury Securities - 42,198 - - 42,198 Frontier Masters Fund Investment in Unconsolidated Trading Companies 11,418 - - - 11,418 U.S. Treasury Securities - 16,805 - - 16,805 Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 23,810 - - - 23,810 U.S. Treasury Securities - 35,044 - - 35,044 Frontier Balanced Fund Investment in Unconsolidated Trading Companies 136,169 - - - 136,169 Open Trade Equity (Deficit) - 1,670 - - 1,670 U.S. Treasury Securities - 200,417 - - 200,417 Frontier Select Fund Investment in Unconsolidated Trading Companies 20,414 - - - 20,414 U.S. Treasury Securities - 30,046 - - 30,046 Frontier Global Fund Investment in Unconsolidated Trading Companies 16,200 - - - 16,200 U.S. Treasury Securities - 23,843 - - 23,843 Frontier Heritage Fund Investment in Unconsolidated Trading Companies 27,970 - - - 27,970 U.S. Treasury Securities - 41,167 - - 41,167 |
Frontier Funds [Member] | |
Fair Value Measurements [Abstract] | |
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. Swap contracts are reported at fair value upon daily reports from the counterparty. In addition, a third party takes the inputs from the counterparty, makes certain adjustments, and runs it through their pricing model to come up with their daily price. The fair value measurements of the swap contracts are valued using unadjusted inputs that were not internally developed. The Managing Owner reviews, compares and approves current day pricing of the CTA positions, as received from the counterparty which includes intra-day volatility and volume and daily index performance, as well as from the third party. Differences in prices exceeding 5% are investigated. Unexplainable differences are escalated to the Managing Owner’s Valuation Committee for evaluation and resolution. The Swap Contracts are reported at fair value using Level 3 inputs. All swap investments were liquidated in 2020. Investments in Private Investment Companies The following table summarizes the instruments that comprise the Trust’s combined consolidated financial asset portfolio, in aggregate, measured at fair value on a recurring basis as of March 31, 2023 and December 31, 2022, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: March 31, 2023 Level 1 Level 2 Level 3 Fair Value Open Trade Equity (Deficit) $ 3,147 $ - $ - $ 3,147 U.S. Treasury Securities 22,967 - - 22,967 December 31, 2022 Level 1 Level 2 Level 3 Fair Value Open Trade Equity (Deficit) $ 1,670 $ - $ - $ 1,670 U.S. Treasury Securities 389,520 - - 389,520 |
Swap Contracts
Swap Contracts | 3 Months Ended |
Mar. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Swap Contracts [Abstract] | |
Swap Contracts | 4. Swap Contracts In addition to authorizing Trading Advisors to manage pre-determined investment levels of futures, option on 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 March 31, 2023, none of the Trust’s assets were deposited with over-the-counter counterparties in order to initiate and maintain swaps and is recorded as collateral within the swap fair value within the Statements of Financial Condition. The cash held with the counterparty is not restricted. 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. To help to reduce counterparty risk on the Series, the Managing Owner has the right to reduce the Series’ exposure and remove cash from the Series’ total return swaps with Deutsche Bank AG. This cash holding shall be in excess of $250,000 and may not exceed 40% of the index exposure in total. Index exposure is defined as the total notional amount plus any profit. The Series are charged interest on this cash holding and any amount removed will be offset against the final settlement value of the swap. All swap investments were liquidated in the year 2020. |
Frontier Funds [Member] | |
Swap Contracts [Abstract] | |
Swap Contracts | 4. Swap Contracts 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 December 31, 2020, All swaps were sold so that no Trust’s assets were deposited with over-the-counter counterparties. 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. To help to reduce counterparty risk on the Series, the Managing Owner has the right to reduce the Series’ exposure and remove cash from the Series’ total return swaps with Deutsche Bank AG. This cash holding shall be in excess of $250,000 and may not exceed 40% of the Index exposure in total. Index exposure is defined as the total notional amount plus any profit. The Series are charged interest on this cash holding and any amount removed will be offset against the final settlement value of the swap. The Frontier Select Fund (through its investment in an unconsolidated trading company) and Frontier Heritage Fund Brevan Howard swap investments were liquidated on May 30, 2020 and Frontier Balanced Fund, Frontier Long/Short Commodity Fund, Frontier Diversified Fund TRS swap investments were liquidated on December 21, 2020. |
Investments in Unconsolidated T
Investments in Unconsolidated Trading Companies and Private Investment Companies | 3 Months Ended |
Mar. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies [Abstract] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies | 5. Investments in Unconsolidated Trading Companies and Private Investment Companies Investments in unconsolidated Trading Companies and private investment companies represent cash and open trade equity invested in the Trading Companies and private investment companies and cumulative trading profits or losses allocated to each Series by the Trading Companies and private investment companies. Trading Companies and private investment 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 and private investment companies. The Trading Companies are valued using the equity method of accounting, which approximates fair value. Investments in private investment companies are valued using the NAV provided by the underlying private investment. The Galaxy Plus entities are made up of feeder funds in which the Trust invests and master trading entities into which the feeder funds invest. No investment held by the Galaxy Plus master trading entity is greater than 5% of the Trust’s total capital. The following table summarizes each of the Series’ investments in unconsolidated Trading Companies as of March 31, 2023 and December 31, 2022: As of March 31, 2023 As of December 31, 2022 Percentage of Percentage of Series Total Series Total Capital Capital Series Unconsolidated Trading Companies Fair Value Unconsolidated Trading Companies Fair Value Frontier Diversified Series — Frontier Trading Company XXXVIII 2.43 % $ 56,000 1.00 % $ 28,671 Frontier Masters Fund --- Frontier Trading Company XXXVIII 5.13 % $ 26,521 1.64 % $ 11,418 Frontier Long/Short Commodity Fund --- Frontier Trading Company XXXVIII 2.14 % $ 25,386 1.75 % $ 23,810 Frontier Balanced Fund --- Frontier Trading Company XXXVIII 0.15 % $ 10,145 1.46 % $ 136,169 Frontier Select Fund --- Frontier Trading Company XXXVIII 2.85 % $ 31,392 1.36 % $ 20,414 Frontier Global Fund --- Frontier Trading Company XXXVIII 2.61 % $ 58,206 0.57 % $ 16,200 Frontier Heritage Fund --- Frontier Trading Company XXXVIII 1.18 % $ 28,212 0.91 % $ 27,970 The following tables summarize each of the Series’ equity in earnings from unconsolidated Trading Companies and private investment companies for the three months ended March 31, 2023 and 2022. Three months ended March 31, 2023 and 2022 Three Months Ended March, 2023 Three Months Ended March, 2022 Change in Net Change in Net Trading Realized Unrealized Income Trading Realized Unrealized Income Commissions Gain/(Loss) Gain/(Loss) (Loss) Commissions Gain/(Loss) Gain/(Loss) (Loss) Frontier Balanced Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ (12,875 ) $ (12,875 ) $ - $ - $ 17,133 $ 17,133 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (1,360 ) 50,862 (362,820 ) (313,318 ) (1,053 ) 668,170 75,759 742,876 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (1,240 ) (122,350 ) 53,815 (69,775 ) (3,806 ) (756,826 ) 113,144 (647,488 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (4,767 ) (9,130 ) (236,700 ) (250,597 ) (4,122 ) 708,976 84,876 789,730 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (1,601 ) 33,105 (387,067 ) (355,563 ) (2,189 ) 452,000 243,765 693,576 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (3,310 ) 123,129 (436,341 ) (316,522 ) (6,669 ) 704,792 39,340 737,463 Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (933 ) (29,518 ) (345,856 ) (376,307 ) (572 ) 797,312 (478,381 ) 318,359 Galaxy Plus Fund JL Cyril Systematic Feeder Fund (547) LLC) - - - - - - (2,031 ) (2,031 ) Total $ (13,211 ) $ 46,098 $ (1,727,844 ) $ (1,694,957 ) $ (18,411 ) $ 2,574,424 $ 93,605 $ 2,649,618 Frontier Global Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ (3,477 ) $ (3,477 ) $ - $ - $ 6,591 $ 6,591 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (2,037 ) 80,963 (591,597 ) (512,671 ) (1,390 ) 884,077 138,282 1,020,969 Total $ (2,037 ) $ 80,963 $ (595,074 ) $ (516,148 ) $ (1,390 ) $ 884,077 $ 144,873 $ 1,027,560 Frontier Select Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ (2,211 ) $ (2,211 ) $ - $ - $ 3,957 $ 3,957 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (1,834 ) 14,722 (195,180 ) (182,292 ) (2,678 ) 220,374 127,200 344,896 Galaxy Plus Fund JL Cyril Systematic Feeder Fund (547) LLC) - - - - - - (845 ) (845 ) Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (365 ) (4,521 ) (157,778 ) (162,664 ) (216 ) 299,148 (180,475 ) 118,457 Total $ (2,199 ) $ 10,201 $ (355,169 ) $ (347,167 ) $ (2,894 ) $ 519,522 $ (50,163 ) $ 466,465 Frontier Heritage Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ (3,161 ) $ (3,161 ) $ - $ - $ 6,321 $ 6,321 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (1,685 ) 21,425 (452,046 ) (432,306 ) (1,041 ) 663,179 95,200 757,338 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (1,287 ) 22,364 (150,483 ) (129,406 ) (2,189 ) 197,710 69,158 264,679 Total $ (2,972 ) $ 43,789 $ (605,690 ) $ (564,873 ) $ (3,230 ) $ 860,889 $ 170,679 $ 1,028,338 Frontier Long/Short Commodity Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ (2,208 ) $ (2,208 ) $ - $ - $ 4,443 $ 4,443 Galaxy Plus Fund - LRR Feeder Fund (522) LLC (111 ) 1,090 (3,439 ) (2,460 ) (270 ) 70,364 (7,272 ) 62,822 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (860 ) 8,581 (94,342 ) (86,621 ) (1,373 ) 114,799 61,788 175,214 Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) (252 ) (763 ) (32,231 ) (33,246 ) (2,454 ) (268,651 ) 336,523 65,418 Total $ (1,223 ) $ 8,908 $ (132,220 ) $ (124,535 ) $ (4,097 ) $ (83,488 ) $ 395,482 $ 307,897 Frontier Diversified Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ (3,115 ) $ (3,115 ) $ - $ - $ 9,287 $ 9,287 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (551 ) 14,884 (144,088 ) (129,755 ) (401 ) 253,501 32,227 285,327 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (721 ) (8,332 ) (39,843 ) (48,896 ) (1,980 ) (379,839 ) 54,380 (327,439 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (1,253 ) 799 (63,314 ) (63,768 ) (946 ) 163,333 16,830 179,217 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (576 ) 24,602 (152,578 ) (128,552 ) (1,046 ) 260,120 12,523 271,597 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (952 ) 5,344 (96,252 ) (91,860 ) (1,476 ) 137,574 41,852 177,950 Galaxy Plus Fund - JL Cyril Systematic Feeder Fund (547) LLC) - - - - - - (399 ) (399 ) Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (157 ) (3,595 ) (61,816 ) (65,568 ) (110 ) 153,723 (91,051 ) 62,562 Total $ (4,210 ) $ 33,702 $ (561,006 ) $ (531,514 ) $ (5,959 ) $ 588,412 $ 75,649 $ 658,102 Frontier Masters Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ (1,772 ) $ (1,772 ) $ - $ - $ 3,485 $ 3,485 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (204 ) 25,534 (77,572 ) (52,242 ) (174 ) 108,713 18,397 126,936 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (417 ) (647 ) (41,245 ) (42,309 ) (684 ) 64,081 (63,397 ) - Galaxy Plus Fund - TT Feeder Fund (531) LLC - - - - - - (242 ) (242 ) Galaxy Plus Fund - JL Cyril Systematic Feeder Fund (547) LLC) - - - - - - 89,775 89,775 Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (113 ) (1,910 ) (47,650 ) (49,673 ) (64 ) 88,318 (53,535 ) 34,719 Total $ (734 ) $ 22,977 $ (168,239 ) $ (145,996 ) $ (922 ) $ 261,112 $ (5,517 ) $ 254,673 The Series investments in private investment companies have certain redemption and liquidity restrictions which are described in the following table: Redemptions Redemptions Liquidity Notice Period Permitted Restrictions Frontier Diversified Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None Frontier Masters Fund Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Frontier Long/Short Commodity Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) 24 hours Daily None Galaxy Plus Fund - LRR Feeder Fund (552) LLC) 24 hours Daily None Frontier Balanced Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None Frontier Select Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Frontier Global Fund Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Frontier Heritage Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None |
Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies [Abstract] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies | 5. Investments in Private Investment Companies Investments in private investment companies represent cash and open trade equity invested in the private investment companies as well as the cumulative trading profits or losses allocated to the Trust by the private investment companies. Private investment companies allocate trading profits or losses on the basis of the proportion of the Trust’s capital allocated for trading to each respective private investment company, which bears no relationship to the amount of cash invested by the Trust in the private investment companies. Investments in private investment companies are valued using the NAV provided by the underlying private investment. The Galaxy Plus entities are made up of feeder funds in which the Trust invests and master trading entities into which the feeder funds invest. No investment held by the Galaxy Plus master trading entity is greater than 5% of the Trust’s total capital. The following table summarizes the Trust’s equity in earnings from each of the private investment companies during the three months ended March 31, 2023 and 2022: Three months ended March 31, 2023 and 2022 Three Months Ended March, 2023 Three Months Ended March, 2022 Trading Realized Change in Net Income Trading Realized Change in Net Income Commissions Gain/(Loss) Gain/(Loss) (Loss) Commissions Gain/(Loss) Gain/(Loss) (Loss) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC $ (5,837 ) $ 193,668 $ (1,628,123 ) $ (1,440,292 ) $ (4,059 ) $ 2,577,640 $ 359,865 $ 2,933,446 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (1,961 ) (130,682 ) 13,972 (118,671 ) (5,786 ) (1,136,665 ) 167,524 (974,927 ) Galaxy Plus Fund - LRR Feeder Fund (522) LLC (111 ) 1,090 (3,439 ) (2,460 ) (270 ) 70,364 (7,272 ) 62,822 Galaxy Plus Fund - QIM Feeder Fund (526) LLC (6,020 ) (8,331 ) (300,014 ) (314,365 ) (5,068 ) 872,309 101,706 968,947 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (2,177 ) 57,707 (539,645 ) (484,115 ) (3,235 ) 712,120 256,288 965,173 Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC - 7,697 (36,516 ) (28,819 ) - - 67,491 67,491 Galaxy Plus Fund - TT Feeder Fund (531) LLC - - - - - - (242 ) (242 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (8,660 ) 173,493 (1,013,843 ) (849,010 ) (15,069 ) 1,439,330 275,941 1,700,202 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - - - - - - 86,500 86,500 Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) (252 ) (763 ) (32,231 ) (33,246 ) (2,454 ) (268,651 ) 336,523 65,418 Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (1,568 ) (39,544 ) (613,100 ) (654,212 ) (962 ) 1,338,501 (803,442 ) 534,097 Total $ (26,586 ) $ 254,335 $ (4,152,939 ) $ (3,925,190 ) $ (36,903 ) $ 5,604,948 $ 840,882 $ 6,408,927 The Trust’s investments in private investment companies have certain redemption and liquidity restrictions which are described in the following table: Redemptions Redemptions Liquidity Notice Period Permitted Restrictions Frontier Funds Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) 24 hours Daily None Galaxy Plus Fund - LRR Feeder Fund (552) LLC) 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None |
Transactions with Affiliates
Transactions with Affiliates | 3 Months Ended |
Mar. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Transactions with Affiliates [Line Items] | |
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 (“Minimum Purchase Commitment”) 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 management fees or management fees at reduced rates. Otherwise, the general units hold the same rights as the limited units. 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. 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 Frontier Balanced Fund Class 1AP and 2a Units, aggregated, and each of the Frontier Long/Short Commodity Fund, Frontier Diversified Fund and 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’ notional assets will be greater than the percentage of the applicable Series’ net asset value to the extent that the notional assets of the Series exceeds its net asset value. The Managing Owner expects that the notional 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 Managing Owner has determined that the purchase of additional units of the relevant series will commence in 2023. As such, the Managing Owner has calculated the amounts for additional units of the relevant series which will be purchased and classified such amounts as Subscriptions in advance for service fee rebates of $22,650, $393, $31,725, $395,538, $22,221, $163,190 and $81,684 for the Frontier Diversified, Long/Short Commodity, Masters, Balanced, Select, Global and Heritage Funds, respectively, as of March 31, 2023. The following table summarizes fees earned by the Managing Owner for the three months ended March 31, 2023 and 2022. Three Months Ended March 31, 2023 Incentive (Rebate) Fees Management Fee Service Trading Frontier Diversified Fund $ - $ - $ 226 $ 24,576 Frontier Masters Fund - - 101 10,339 Frontier Long/Short Commodity Fund (5,126 ) - 53 9,572 Frontier Balanced Fund - 4,238 47,651 94,443 Frontier Select Fund - - 9,621 11,109 Frontier Global Fund - - 17,673 32,425 Frontier Heritage Fund - - 18,815 30,792 Three Months Ended March 31, 2022 Incentive (Rebate) Fees Management Fee Service Trading Frontier Diversified Fund $ - $ - $ 251 $ 27,593 Frontier Masters Fund - - 116 11,781 Frontier Long/Short Commodity Fund - - 56 8,468 Frontier Balanced Fund 76,272 4,403 61,363 102,264 Frontier Select Fund - - 10,925 11,861 Frontier Global Fund - - 16,989 30,349 Frontier Heritage Fund - - 18,381 27,156 The following table summarizes fees payable to the Managing Owner as of March 31, 2023 and December 31, 2022. As of March 31, 2023 Incentive Management Interest Service Trading Frontier Diversified Fund $ - $ - $ - $ 72 $ 8,252 Frontier Masters Fund - - - 31 3,430 Frontier Long/Short Commodity Fund - - 30 18 3,182 Frontier Balanced Fund - 1,419 680 12,941 29,970 Frontier Select Fund - - 223 2,855 3,426 Frontier Global Fund - - 260 5,513 10,646 Frontier Heritage Fund - - 193 5,373 10,036 As of December 31, 2022 Incentive Management Interest Service Trading Frontier Diversified Fund $ - $ - $ - $ 85 $ 9,653 Frontier Masters Fund - - - 43 4,443 Frontier Long/Short Commodity Fund - - 53 21 3,447 Frontier Balanced Fund 692 1,573 2,306 16,784 36,946 Frontier Select Fund - - 342 3,630 4,454 Frontier Global Fund - - 302 6,437 12,480 Frontier Heritage Fund - - 447 6,432 11,679 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. 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) of average net assets less any fair market value related to swaps is paid to the Managing Owner by the Frontier Balanced Fund (Class 1 and Class 2), Frontier Long/Short Commodity Fund (Class 2 and Class 3), Frontier Global Fund, Frontier Select Fund, and Frontier Heritage Fund. For the Frontier Diversified Fund, Frontier Long/Short Commodity Fund (Class 1a, Class 2a and Class 3a), Frontier Masters Fund, and Frontier Balanced Fund (Class 1AP, Class 2a and Class 3a), 100% of the interest is retained by the respective Series. The following table outlines the interest paid by each Series to the Managing Owner and its ratio to average net assets for the three months ended March 31, 2023 and 2022: March 31, March 31, March 31, March 31, Three Months Ended Gross Amount Paid to the Managing Owner Gross Amount Paid to the Managing Owner Ratio to Average Net Assets Ratio to Average Net Assets Frontier Diversified Fund Class 1 $ - $ - 0.00 % 0.00 % Frontier Diversified Fund Class 2 - - 0.00 % 0.00 % Frontier Diversified Fund Class 3 - - 0.00 % 0.00 % Frontier Masters Fund Class 1 - - 0.00 % 0.00 % Frontier Masters Fund Class 2 - - 0.00 % 0.00 % Frontier Masters Fund Class 3 - - 0.00 % 0.00 % Frontier Long/Short Commodity Fund Class 2 3 3 0.01 % 0.01 % Frontier Long/Short Commodity Fund Class 3 109 106 0.01 % 0.01 % Frontier Long/Short Commodity Fund Class 1a - - 0.00 % 0.00 % Frontier Long/Short Commodity Fund Class 2a - - 0.00 % 0.00 % Frontier Long/Short Commodity Fund Class 3a - - 0.00 % 0.00 % Frontier Balanced Fund Class 1 2,699 2,350 0.04 % 0.03 % Frontier Balanced Fund Class 1AP 29 21 0.04 % 0.03 % Frontier Balanced Fund Class 2 614 493 0.04 % 0.03 % Frontier Balanced Fund Class 2a 3 3 0.01 % 0.01 % Frontier Balanced Fund Class 3a 37 25 0.01 % 0.01 % Frontier Select Fund Class 1 764 594 0.06 % 0.04 % Frontier Select Fund Class 1AP 6 5 0.06 % 0.04 % Frontier Select Fund Class 2 41 31 0.06 % 0.04 % Frontier Global Fund Class 1 847 839 0.04 % 0.04 % Frontier Global Fund Class 1AP - - 0.00 % 0.00 % Frontier Global Fund Class 2 44 73 0.04 % 0.04 % Frontier Heritage Fund Class 1 751 854 0.03 % 0.03 % Frontier Heritage Fund Class 1AP 3 3 0.03 % 0.03 % Frontier Heritage Fund Class 2 65 81 0.03 % 0.03 % Total $ 6,015 $ 5,481 |
Frontier Funds [Member] | |
Transactions with Affiliates [Line Items] | |
Transactions with Affiliates | 6. 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 Frontier Balanced Fund Class 1AP Units and Frontier Balanced Fund Class 2a Units, aggregated, and each of the Frontier Long/Short Commodity Fund, Frontier Diversified Fund, and 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’ notional assets will be greater than the percentage of the applicable Series’ net asset value to the extent that the notional assets of the Series exceeds its net asset value. The Managing Owner expects that the notional 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 Some Series pay to the Managing Owner an incentive fee of a certain percentage of new net trading profits generated in the Trading Companies by such Series, monthly or quarterly. In addition, the Managing Owner receives a quarterly incentive fee of a certain percentage of new net trading profits generated in the Galaxy Plus entities that have been allocated to the Series. The incentive fees attributable to Galaxy Plus entities are included in unrealized gain/(loss) on private investment companies on the combined consolidated statements of operations. Because the Frontier Balanced Fund, Frontier Diversified Fund, Frontier Masters Fund, Frontier Heritage Fund, Frontier Select Fund, and Frontier Long/Short Commodity Fund may each employ multiple Trading Advisors, these Series will pay the Managing Owner a monthly incentive fee calculated on a Trading Advisor by Trading Advisor basis. It is therefore possible that in any given period the Series may pay incentive fees to the Managing Owner for one or more Trading Advisors while each of these Series as a whole experiences losses. The incentive fee is 25% for the Frontier Balanced Fund and the Frontier Diversified Fund and 20% for the Frontier Global Fund, Frontier Heritage Fund, Frontier Select Fund, Frontier Long/Short Commodity Fund and Frontier Masters Fund. The Managing Owner may pay all or a portion of such incentive fees to the Trading Advisor(s) for such Series. Service Fees— As of March 31, 2023, the Trust had a payable to the Managing Owner in the amounts of $0, $1,419, $1,386, $68,942 and $26,803 for incentive fees, management fees, interest, trading fees, and service fees, respectively. As of December 31, 2022, the Trust had a payable to the Managing Owner in the amounts of $692, $1,573, $3,450, $83,102 and $33,432 for incentive fees, management fees, interest, trading fees, and service fees, respectively. For the three months ended March 31, 2023, the Managing Owner earned $(5,126), $4,238, $970, $94,140 and $213,256 for incentive fees (rebate), management fees, risk analysis fees, service fees, and trading fees, respectively. For the three months ended March 31, 2022, the Managing Owner earned $76,272, $4,403, $1,321, $108,081 and $219,472 for incentive fees, management fees, risk analysis 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. 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 Frontier Balanced Fund (Class 1 and Class 2 only), Frontier Long/Short Commodity Fund (Class 2 and Class 3), Frontier Global Fund, Frontier Select Fund, and Frontier Heritage Fund. For the Frontier Diversified Fund, Frontier Long/Short Commodity Fund (Class 1a, Class 2a and Class 3a), Frontier Masters Fund, and Frontier Balanced Fund (Class 1AP, Class 2a and Class 3a), 100% of the interest is retained by the respective Series . Frontier Masters Fund Class 1 was closed as of April 1, 2021, and Frontier Diversified Fund Class 1 was closed as of July 21, 2021. |
Financial Highlights
Financial Highlights | 3 Months Ended |
Mar. 31, 2023 | |
The Series of the Frontier Funds [Member] | |
Financial Highlights [Line Items] | |
Financial Highlights | 7. Financial Highlights The following information presents the financial highlights of the Series for the three months ended March 31, 2023, and 2022. This data has been derived from the information presented in the consolidated financial statements. For the three months ended March 31, 2023 Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 2 Class 3 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, December 31, 2022 $ 96.37 $ 90.72 $ 94.64 $ 89.45 $ 109.65 $ 71.93 $ 115.03 $ 76.29 Net operating results: Interest income 0.04 0.03 0.09 0.09 0.05 0.03 0.05 0.04 Expenses (0.85 ) (0.80 ) (1.44 ) (1.36 ) (0.37 ) (0.24 ) (0.39 ) (0.26 ) Net gain/(loss) on investments, net of non-controlling interests (17.98 ) (16.87 ) (19.98 ) (18.84 ) (10.15 ) (6.69 ) (10.65 ) (7.04 ) Net income/(loss) (18.80 ) (17.64 ) (21.33 ) (20.12 ) (10.47 ) (6.89 ) (10.99 ) (7.26 ) Net asset value, March 31, 2023 $ 77.57 $ 73.08 $ 73.31 $ 69.33 $ 99.18 $ 65.04 $ 104.04 $ 69.03 Ratios to average net assets Net investment income/(loss) -3.74 % -3.74 % -6.29 % -6.29 % -2.44 % -2.44 % -2.44 % -2.70 % Expenses before incentive fees (3)(4) 3.91 % 3.91 % 6.72 % 6.72 % 3.04 % 3.04 % 3.04 % 3.38 % Expenses after incentive fees (3)(4) 3.91 % 3.91 % 6.72 % 6.72 % 2.64 % 3.04 % 3.04 % 2.90 % Total return before incentive fees (2) -19.50 % -19.45 % -22.54 % -22.49 % -9.95 % -9.58 % -9.95 % -10.00 % Total return after incentive fees (2) -19.50 % -19.45 % -22.54 % -22.49 % -9.55 % -9.58 % -9.55 % -9.52 % Frontier Balanced Fund 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, 2022 $ 99.17 $ 127.56 $ 172.01 $ 149.47 $ 148.96 $ 71.23 $ 91.71 $ 121.70 Net operating results: Interest income 0.01 0.01 0.02 0.01 0.01 0.00 0.00 0.00 Expenses (1.77 ) (1.40 ) (1.89 ) (1.64 ) (1.63 ) (1.02 ) (0.68 ) (0.91 ) Net gain/(loss) on investments, net of non-controlling interests (21.73 ) (28.10 ) (37.88 ) (32.89 ) (32.78 ) (16.57 ) (21.45 ) (28.47 ) Net income/(loss) (23.48 ) (29.49 ) (39.76 ) (34.51 ) (34.39 ) (17.59 ) (22.14 ) (29.38 ) Net asset value, March 31, 2023 $ 75.69 $ 98.07 $ 132.25 $ 114.96 $ 114.57 $ 53.64 $ 69.57 $ 92.32 Ratios to average net assets Net investment income/(loss) -7.95 % -4.87 % -4.87 % -4.87 % -4.87 % -6.25 % -3.26 % -3.26 % Expenses before incentive fees (3)(4) 7.99 % 4.91 % 4.91 % 4.91 % 4.91 % 6.25 % 3.26 % 3.26 % Expenses after incentive fees (3)(4) 7.99 % 4.91 % 4.91 % 4.91 % 4.91 % 6.25 % 3.26 % 3.26 % Total return before incentive fees (2) -23.68 % -23.12 % -23.11 % -23.09 % -23.09 % -24.69 % -24.14 % -24.14 % Total return after incentive fees (2) -23.68 % -23.12 % -23.11 % -23.09 % -23.09 % -24.69 % -24.14 % -24.14 % Incentive fee per share - - - - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2022 $ 185.27 $ 297.25 $ 154.14 $ 198.42 $ 265.55 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (3.38 ) (3.45 ) (2.59 ) (2.00 ) (2.68 ) Net gain/(loss) on investments, net of non-controlling interests (34.07 ) (54.88 ) (28.45 ) (36.77 ) (49.21 ) Net income/(loss) (37.44 ) (58.33 ) (31.03 ) (38.77 ) (51.89 ) Net asset value, March 31, 2023 $ 147.83 $ 238.92 $ 123.11 $ 159.65 $ 213.66 Ratios to average net assets Net investment income/(loss) -8.20 % -5.21 % -7.48 % -4.49 % -4.49 % Expenses before incentive fees (3)(4) 8.20 % 5.21 % 7.48 % 4.49 % 4.49 % Expenses after incentive fees (3)(4) 8.20 % 5.21 % 7.48 % 4.49 % 4.49 % Total return before incentive fees (2) -20.21 % -19.62 % -20.13 % -19.54 % -19.54 % Total return after incentive fees (2) -20.21 % -19.62 % -20.13 % -19.54 % -19.54 % (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) 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 Series, see footnote 6. (4) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees is included in the total return. For the three months ended March 31, 2022 Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 2 Class 3 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, December 31, 2021 $ 88.98 $ 83.56 $ 70.17 $ 66.15 $ 89.97 $ 58.75 $ 94.38 $ 62.16 Net operating results: Interest income 0.04 0.04 0.07 0.07 0.05 0.03 0.05 0.03 Expenses (0.85 ) (0.80 ) (1.29 ) (1.22 ) (0.64 ) (0.42 ) (0.67 ) (0.44 ) Net gain/(loss) on investments, net of non-controlling interests 19.64 18.50 27.48 25.98 23.40 15.24 24.55 16.17 Net income/(loss) 18.83 17.74 26.27 24.83 22.81 14.85 23.93 15.76 Net asset value, March 31, 2022 $ 107.81 $ 101.30 $ 96.44 $ 90.98 $ 112.78 $ 73.60 $ 118.31 $ 77.92 Ratios to average net assets Net investment income/(loss) -3.46 % -3.46 % -6.16 % -6.16 % -2.50 % -2.50 % -2.50 % -2.50 % Expenses before incentive fees (3)(4) 3.63 % 3.63 % 6.52 % 6.52 % 2.70 % 2.70 % 2.70 % 2.70 % Expenses after incentive fees (3)(4) 3.63 % 3.63 % 6.52 % 6.52 % 2.70 % 2.70 % 2.70 % 2.70 % Total return before incentive fees (2) 21.16 % 21.24 % 37.44 % 37.53 % 25.35 % 25.28 % 25.35 % 25.36 % Total return after incentive fees (2) 21.16 % 21.24 % 37.44 % 37.53 % 25.35 % 25.28 % 25.35 % 25.36 % Frontier Balanced Fund 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, 2021 $ 82.82 $ 103.38 $ 139.40 $ 120.98 $ 120.57 $ 63.39 $ 79.21 $ 105.10 Net operating results: Interest income (0.00 ) (0.00 ) (0.00 ) (0.00 ) (0.00 ) 0.00 0.00 0.00 Expenses (2.32 ) (2.05 ) (2.76 ) (2.39 ) (2.39 ) (1.06 ) (0.67 ) (0.89 ) Net gain/(loss) on investments, net of non-controlling interests 26.33 32.99 44.50 38.66 38.52 21.26 26.67 35.40 Net income/(loss) 24.00 30.95 41.74 36.26 36.14 20.19 25.99 34.51 Net asset value, March 31, 2022 $ 106.82 $ 134.33 $ 181.14 $ 157.24 $ 156.71 $ 83.58 $ 105.20 $ 139.61 Ratios to average net assets Net investment income/(loss) -8.06 % -4.98 % -4.98 % -4.98 % -4.98 % -6.10 % -3.09 % -3.09 % Expenses before incentive fees (3)(4) 7.32 % 4.24 % 4.24 % 4.24 % 4.24 % 6.10 % 3.09 % 3.09 % Expenses after incentive fees (3)(4) 8.06 % 4.98 % 4.98 % 4.98 % 4.98 % 6.10 % 3.09 % 3.09 % Total return before incentive fees (2) 29.72 % 30.67 % 30.68 % 30.71 % 30.71 % 31.86 % 32.82 % 32.83 % Total return after incentive fees (2) 28.98 % 29.94 % 29.94 % 29.97 % 29.97 % 31.86 % 32.82 % 32.83 % Incentive fee per share 0.67 0.85 1.14 0.99 0.99 - - Incentive Fee to ANA 0.74 % 0.74 % 0.74 % 0.74 % 0.74 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2021 $ 109.45 $ 170.40 $ 103.43 $ 129.19 $ 172.91 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (2.62 ) (2.51 ) (2.15 ) (1.55 ) (2.08 ) Net gain/(loss) on investments, net of non-controlling interests 55.07 86.05 47.00 58.96 78.90 Net income/(loss) 52.45 83.54 44.84 57.41 76.82 Net asset value, March 31, 2022 $ 161.90 $ 253.94 $ 148.27 $ 186.60 $ 249.73 Ratios to average net assets Net investment income/(loss) -7.97 % -4.95 % -7.08 % -4.06 % -4.06 % Expenses before incentive fees (3)(4) 7.97 % 4.95 % 7.08 % 4.06 % 4.06 % Expenses after incentive fees (3)(4) 7.97 % 4.95 % 7.08 % 4.06 % 4.06 % Total return before incentive fees (2) 47.92 % 49.02 % 43.35 % 44.44 % 44.43 % Total return after incentive fees (2) 47.92 % 49.02 % 43.35 % 44.44 % 44.43 % (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) 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 Series, see footnote 6. (4) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees is included in the total return. * Class 1 of Frontier Masters Fund was closed as of April 1, 2021 and Frontier Diversified Fund Class 1 was closed as of July 21, 2021. |
Frontier Funds [Member] | |
Financial Highlights [Line Items] | |
Financial Highlights | 7. Financial Highlights The following information presents the financial highlights of the Trust for the three months ended March 31, 2023, and 2022 This data has been derived from the information presented in the combined consolidated financial statements. Three months ended March 31 2023 2022 Ratios to average net assets (1) Net investment income/(loss) (1) -6.43 % -6.50 % Expenses before incentive fees (3) 6.52 % 6.20 % Expenses after incentive fees (3) 6.50 % 6.55 % Total return before incentive fees (2) -23.24 % 29.11 % Total return after incentive fees (2) -23.21 % 28.76 % (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 Combined Consolidated Statements of Operations of the Trust. See footnote 6. The Trust financial highlights are calculated based upon the Trust’s combined consolidated financial statements. The combined 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 | 3 Months Ended |
Mar. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Derivative Instruments and Hedging Activities [Line Items] | |
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 (“ASC 815”). The detail of the fair value of the Series’ derivatives by instrument types as of March 31, 2023 and 2022 is included in the consolidated condensed schedules of investments. See Note 4 for further disclosure related to each Series’ position in swap 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 March 31, 2023 Monthly average contracts: Bought Sold Frontier Trading Company I LLC 312 300 For the Three Months Ended March 31, 2022 Monthly average contracts: Bought Sold Frontier Trading Company I LLC 373 367 The following tables summarize the consolidated trading revenues for the three months ended March 31, 2023 and 2022 by sector: Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended March 31, 2023 Type of contract Frontier Balanced Fund Agriculturals $ (24,078 ) Currencies (117,002 ) Energies 29,280 Interest rates (99,325 ) Metals (14,347 ) Stock indices (61,009 ) Realized trading income/(loss) (1) $ (286,481 ) Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended March 31, 2022 Type of contract Frontier Balanced Fund Agriculturals $ (37,319 ) Currencies 183,465 Energies 107,870 Interest rates 27,127 Metals (188,863 ) Stock indices 179,189 Realized trading income/(loss) (1) $ 271,469 (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 March 31, 2023 Type of contract Frontier Balanced Fund Agriculturals $ 42,199 Currencies (2,076 ) Energies (6,460 ) Interest rates 8,506 Metals 12,781 Stock indices (53,473 ) Change in unrealized trading income/(loss) (1) $ 1,477 Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended March 31, 2022 Type of contract Frontier Balanced Fund Agriculturals $ (2,154 ) Currencies (3,547 ) Energies 14,760 Interest rates 17,389 Metals 15,429 Stock indices 865 Change in unrealized trading income/(loss) (1) $ 42,742 (1) Amounts recorded in the consolidated statements of operations under net change in open trade equity/(deficit) Certain financial instruments and derivative instruments are eligible for offset in the consolidated 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 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 consolidated 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 consolidated statements of financial condition as of March 31, 2023 and December 31, 2022. As of March 31, 2023 Frontier Balanced Fund Gross Amounts of recognized Derivative Assets/Liabilities Gross Amounts offset in the Consolidated Statements of Financial Condition Net Amounts Presented Open Trade Equity/(Deficit) $ 138,206 $ (135,059 ) $ 3,147 As of December 31, 2022 Frontier Balanced Fund Gross Amounts of recognized Derivative Assets Gross Amounts offset in the Consolidated Statements of Financial Condition Net Amounts Presented Open Trade Equity/(Deficit) $ 3,438 $ (1,768 ) $ 1,670 |
Frontier Funds [Member] | |
Derivative Instruments and Hedging Activities [Line Items] | |
Derivative Instruments and Hedging Activities | 8. 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 December 31, 2022 and 2021 is included in the combined consolidated condensed schedules of investments. See Note 4 for further disclosure related to the Trust’s positions in swap contracts. There are embedded management fees in transacting these swaps ranging from 1% to 1.5% based on fair value of swaps and the embedded incentive fees ranging from 15% to 25% based on net new trading profits on swaps. For the three months ended March 31, 2023 and 2022, the monthly average of futures, forwards and options contracts bought was approximately 312 and 373, respectively and the monthly average of futures, forwards, and options contracts sold was approximately 300 and 367, respectively. The following tables summarize the Trust’s combined consolidated trading revenues for the three months ended March 31, 2023 and 2022 by contract type: Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended March 31, 2023 Type of contract Agriculturals $ (24,078 ) Currencies (117,002 ) Energies 29,280 Interest rates (99,325 ) Metals (14,347 ) Stock indices (61,009 ) Realized trading income/(loss) (1) $ (286,481 ) (1) Amounts recorded in the combined consolidated statements of operations under net realized gain(loss) on futures forwards and options. Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended March 31, 2022 Type of contract Agriculturals $ (37,319 ) Currencies 183,465 Energies 107,870 Interest rates 27,127 Metals (188,863 ) Stock indices 179,189 Realized trading income/(loss) (1) $ 271,469 (1) Amounts recorded in the combined 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 March 31, 2023 Type of contract Agriculturals $ 42,199 Currencies (2,076 ) Energies (6,460 ) Interest rates 8,506 Metals 12,781 Stock indices (53,473 ) Change in unrealized trading income/(loss) (1) $ 1,477 (1) Amounts recorded in the combined consolidated statements of operations under net change in open trade equity/(deficit). Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended March 31, 2022 Type of contract Agriculturals $ (2,154 ) Currencies (3,547 ) Energies 14,760 Interest rates 17,389 Metals 15,429 Stock indices 865 Change in unrealized trading income/(loss) (1) $ 42,742 (1) Amounts recorded in the combined consolidated statements of operations under net change in open trade equity/(deficit). Certain financial instruments and derivative instruments are eligible for offset in the combined consolidated statements of financial condition under GAAP. The Trust’s open trade equity/(deficit), options written, and receivables from futures commission merchants (each, an “FCM”) 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 combined 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 combined consolidated statements of financial condition as of March 31, 2023 and December 31, 2022: As of March 31, 2023 Gross Gross Net Amounts Open Trade Equity/(Deficit) $ 138,206 $ (135,059 ) $ 3,147 As of December 31, 2022 Gross Gross Amounts Net Amounts Open Trade Equity/(Deficit) $ 3,438 $ (1,768 ) $ 1,670 |
Trading Activities and Related
Trading Activities and Related Risks | 3 Months Ended |
Mar. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Trading Activities and Related Risks [Line Items] | |
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 CEA 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 consolidated 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, clearing house 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. |
Frontier Funds [Member] | |
Trading Activities and Related Risks [Line Items] | |
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 CEA 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 combined consolidated 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 and Galaxy Plus entity 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 or Galaxy Plus entity in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company or Galaxy Plus entity are unable to offset such futures interests positions, such Trading Company or Galaxy Plus entity 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 or Galaxy Plus entity. 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 noted in Management Discussion and Analysis | 3 Months Ended |
Mar. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Indemnifications and Guarantees noted in Management Discussion and Analysis [Line Items] | |
Indemnifications and Guarantees noted in Management Discussion and Analysis | 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, bad faith or willful misconduct. 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 the custodian of the referenced Series as allocated from the Trading Company. The Series have not recorded any liability for the indemnifications in the accompanying consolidated financial statements as it expects any possibility of losses to be remote. |
Frontier Funds [Member] | |
Indemnifications and Guarantees noted in Management Discussion and Analysis [Line Items] | |
Indemnifications and Guarantees noted in Management Discussion and Analysis | 10. 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, bad faith or willful misconduct. 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 the custodian of the referenced Series as allocated from the Trading Company. 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 not recorded any liability for the indemnifications in the accompanying combined consolidated financial statements as it expects any possibility of losses to be remote. |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2023 | |
The Series of the Frontier Funds [Member] | |
Subsequent Events [Line Items] | |
Subsequent Events | 11. Subsequent Events The Managing Owner evaluates events that occur after the balance sheet date but before and up until consolidated financial statements are available to be issued. The Managing Owner has assessed the subsequent events through the date that the consolidated financial statements were issued and has determined that, except as set forth below, there were no subsequent events requiring adjustment to or disclosure in the consolidated financial statements. From April 1, 2023 through May 15, 2023, Frontier Balanced Fund, Frontier Diversified Fund, Frontier Heritage Fund, Frontier Long/Short Commodity Fund, Frontier Masters Fund, Frontier Select Fund and Frontier Global Fund paid $44,095, $137,507, $11,034, $72,352, $10,155, $81,841 and $46,229, respectively, in redemptions. |
Frontier Funds [Member] | |
Subsequent Events [Line Items] | |
Subsequent Events | 11. Subsequent Events The Managing Owner evaluates events that occur after the balance sheet date but before and up until financial statements are available to be issued. The Managing Owner has assessed the subsequent events through the date that the combined consolidated financial statements were issued and has determined that, except as set forth below, there were no subsequent events requiring adjustment to or disclosure in the combined consolidated financial statements. From April 1, 2023 through May 15, 2023, the Trust paid $403,213 in redemptions. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 3 Months Ended |
Mar. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Accounting Policies, by Policy (Policies) [Line Items] | |
Basis of Presentation | Basis of Presentation |
Consolidation | Consolidation Galaxy Plus entities are co-mingled investment vehicles. In addition to the Series, there are other non-affiliated investors in Galaxy Plus. Subscriptions and redemptions by these non-affiliated investors will have a direct impact on the Series ownership percentage in Galaxy Plus. It is expected that ownership percentage will fluctuate (sometimes significantly) on a week-by-week basis which could also result in frequent changes in the consolidating Series. Such fluctuations make consolidating the financial statements of the Galaxy Plus entities both impractical and misleading. Non-consolidation of these Galaxy Plus entities presents a more useful financial statement for the readers. As such, management has decided that presenting Galaxy Plus entities on a non-consolidated basis as investments in other investments companies (a “fund of funds” approach) is appropriate and preferable to the users of these financial statements. Refer to Note 5 for additional disclosures related to these private investment companies. |
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 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 consolidated statements of operations. |
Purchase and Sales of Private Investment Companies | Purchase and Sales of Private Investment Companies |
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 or unaffiliated Galaxy Plus entity. 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). Likewise, trading gains and losses earned and incurred by the Series through their investments in Galaxy Plus entities are allocated to those Series on a daily basis. The allocation of gains and losses in Galaxy Plus entities are based on each Series pro-rata shares of the trading level of that entity which is updated at the beginning of each month or more frequently if there is a subscription or redemption activity in the entity. 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 Companies or Galaxy Plus entities. |
Investments and Swaps | Investments and Swaps |
Income Taxes | Income Taxes Income Taxes The 2019 through 2022 tax years generally remain subject to examination by U.S. federal and most state tax authorities. 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, (ii) the Trust is not a publicly traded partnership treated as a corporation, and (iii) the discussion set forth in the Prospectus under the heading “U.S. 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 |
Incentive Fee (rebate) | Incentive Fee (rebate) |
Service Fees | Service Fees Each Series is charged service fees as outlined above. In some cases, amounts paid to selling agents might be less than the amount charged to the Series. When this occurs, the service fee is rebated back to the investor in the form of additional units. During 2022, 2021 and 2020, the Series were not allowed to issue additional units. The Managing Owner has determined that the purchase of additional units of the relevant Series will commence in 2023 when the Series are allowed to sell shares again. As such, the Managing Owner has calculated the amounts for additional units of the relevant series which will be purchased and classified such amounts as subscriptions in advance for service fee rebates of $22,650, $393, $31,725, $395,538, $22,221, $163,190 and $81,684 for the Frontier Diversified, Long/Short Commodity, Masters, Balanced, Select, Global and Heritage Funds, respectively, as of March 31, 2023. 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 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— |
Owner redemptions payable | Owner redemptions payable— |
Recently Adopted Accounting Pronouncements | Recently Adopted Accounting Pronouncements— |
Subsequent Events | Subsequent Events—Each Series follows the provisions of ASC 855, Subsequent Events |
Frontier Funds [Member] | |
Accounting Policies, by Policy (Policies) [Line Items] | |
Basis of Presentation | Basis of Presentation |
Consolidation | Consolidation The income or loss attributable thereto in proportion to the investment level of the private investment companies is shown in the combined consolidated statements of operations as net unrealized gain/(loss) on private investment companies. The consolidated financial statements of the Series and Trading Companies are combined to form the combined consolidated financial statements of the Trust. All intercompany transactions have been eliminated in combination. Galaxy Plus entities are co-mingled investment vehicles. In addition to the Trust, there are other non-affiliated investors in Galaxy Plus. Subscriptions and redemptions by these non-affiliated investors will have a direct impact on the Trust ownership percentage in Galaxy Plus. It is expected that ownership percentage will fluctuate (sometimes significantly) on a week by week basis which could also result in frequent changes in the consolidating Series. Such fluctuations make consolidating the financial statements of the Galaxy Plus entities both impractical and misleading. Non-consolidation of these Galaxy Plus entities presents a more useful financial statement for the readers. As such, management has decided that presenting Galaxy Plus entities on a non-consolidated basis as investments in other investments companies (a “fund of funds” approach) is appropriate and preferable to the users of these financial statements. Refer to Note 5 for additional disclosures related to these private investment companies. |
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 combined 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 combined consolidated statements of operations. |
Purchase and Sales of Private Investment Companies | Purchase and Sales of Private Investment Companies |
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, or unaffiliated Galaxy Plus entity. 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). Likewise, trading gains and losses earned and incurred by the Series through their investments in Galaxy Plus entities are allocated to those Series on a daily basis. The allocation of gains and losses in Galaxy Plus entities are based on each Series pro-rata shares of the trading level of that entity which is updated at the beginning of each month or more frequently if there is a subscription or redemption activity in the entity. 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 Companies or Galaxy Plus entities. |
Investments and Swaps | Investments and Swaps— |
Income Taxes | Income Taxes Income Taxes The 2019 through 2022 tax years generally remain subject to examination by U.S. federal and most state tax authorities. 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, (ii) the Trust is not a publicly traded partnership treated as a corporation, and (iii) the discussion set forth in the Prospectus under the heading “U.S. 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 Series Units of the Trust. |
Fees and Expenses | Fees and Expenses— |
Incentive Fee (rebate) | Incentive Fee (rebate)— |
Service Fees | Service Fees Each Series is charged service fees as outlined above. In some cases, amounts paid to selling agents might be less than the amount charged to the Series. When this occurs, the service fee is rebated back to the investor in the form of additional units. During 2022, 2021 and 2020, the Series were not allowed to issue additional units. The Managing Owner has determined that the purchase of additional units of the relevant Series will commence in 2023 when the Series are allowed to sell shares again. As such, the Managing Owner has calculated the amounts for additional units of the relevant series which will be purchased and classified such amounts as Subscriptions in advance for service fee rebates of $717,401 and $710,323 as of March 31, 2023 and December 31, 2022, respectively. 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— |
Owner redemptions payable | Owner redemptions payable— |
Recently Adopted Accounting Pronouncements | Recently Adopted Accounting Pronouncements— |
Subsequent Events | Subsequent Events Subsequent Events |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Fair Value Measurements [Abstract] | |
Schedule of valuation inputs within the fair value hierarchy utilized to measure fair value | March 31, 2023 Practical Level 1 Level 2 Level 3 Total Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 56,000 $ - $ - $ - $ 56,000 U.S. Treasury Securities - 5,453 - - 5,453 Frontier Masters Fund Investment in Unconsolidated Trading Companies 26,521 - - - 26,521 U.S. Treasury Securities - 2,582 - - 2,582 Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 25,386 - - - 25,386 U.S. Treasury Securities - 2,472 - - 2,472 Frontier Balanced Fund Investment in Unconsolidated Trading Companies 10,145 - - - 10,145 Open Trade Equity (Deficit) 3,147 - - 3,147 U.S. Treasury Securities - 988 - - 988 Frontier Select Fund - Investment in Unconsolidated Trading Companies 31,392 - - - 31,392 U.S. Treasury Securities - 3,057 - - 3,057 Frontier Global Fund - Investment in Unconsolidated Trading Companies 58,206 - - - 58,206 U.S. Treasury Securities - 5,668 - - 5,668 Frontier Heritage Fund Investment in Unconsolidated Trading Companies 28,212 - - - 28,212 U.S. Treasury Securities - 2,747 - - 2,747 December 31, 2022 Practical Level 1 Level 2 Level 3 Total Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 28,671 $ - $ - $ - $ 28,671 U.S. Treasury Securities - 42,198 - - 42,198 Frontier Masters Fund Investment in Unconsolidated Trading Companies 11,418 - - - 11,418 U.S. Treasury Securities - 16,805 - - 16,805 Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 23,810 - - - 23,810 U.S. Treasury Securities - 35,044 - - 35,044 Frontier Balanced Fund Investment in Unconsolidated Trading Companies 136,169 - - - 136,169 Open Trade Equity (Deficit) - 1,670 - - 1,670 U.S. Treasury Securities - 200,417 - - 200,417 Frontier Select Fund Investment in Unconsolidated Trading Companies 20,414 - - - 20,414 U.S. Treasury Securities - 30,046 - - 30,046 Frontier Global Fund Investment in Unconsolidated Trading Companies 16,200 - - - 16,200 U.S. Treasury Securities - 23,843 - - 23,843 Frontier Heritage Fund Investment in Unconsolidated Trading Companies 27,970 - - - 27,970 U.S. Treasury Securities - 41,167 - - 41,167 |
Frontier Funds [Member] | |
Fair Value Measurements [Abstract] | |
Schedule of valuation inputs within the fair value hierarchy utilized to measure fair value | March 31, 2023 Level 1 Level 2 Level 3 Fair Value Open Trade Equity (Deficit) $ 3,147 $ - $ - $ 3,147 U.S. Treasury Securities 22,967 - - 22,967 December 31, 2022 Level 1 Level 2 Level 3 Fair Value Open Trade Equity (Deficit) $ 1,670 $ - $ - $ 1,670 U.S. Treasury Securities 389,520 - - 389,520 |
Investments in Unconsolidated_2
Investments in Unconsolidated Trading Companies and Private Investment Companies (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies [Abstract] | |
Schedule of investments in unconsolidated trading companies | As of March 31, 2023 As of December 31, 2022 Percentage of Percentage of Series Total Series Total Capital Capital Series Unconsolidated Trading Companies Fair Value Unconsolidated Trading Companies Fair Value Frontier Diversified Series — Frontier Trading Company XXXVIII 2.43 % $ 56,000 1.00 % $ 28,671 Frontier Masters Fund --- Frontier Trading Company XXXVIII 5.13 % $ 26,521 1.64 % $ 11,418 Frontier Long/Short Commodity Fund --- Frontier Trading Company XXXVIII 2.14 % $ 25,386 1.75 % $ 23,810 Frontier Balanced Fund --- Frontier Trading Company XXXVIII 0.15 % $ 10,145 1.46 % $ 136,169 Frontier Select Fund --- Frontier Trading Company XXXVIII 2.85 % $ 31,392 1.36 % $ 20,414 Frontier Global Fund --- Frontier Trading Company XXXVIII 2.61 % $ 58,206 0.57 % $ 16,200 Frontier Heritage Fund --- Frontier Trading Company XXXVIII 1.18 % $ 28,212 0.91 % $ 27,970 |
Schedule of earnings from unconsolidated trading companies and private investment companies | Three Months Ended March, 2023 Three Months Ended March, 2022 Change in Net Change in Net Trading Realized Unrealized Income Trading Realized Unrealized Income Commissions Gain/(Loss) Gain/(Loss) (Loss) Commissions Gain/(Loss) Gain/(Loss) (Loss) Frontier Balanced Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ (12,875 ) $ (12,875 ) $ - $ - $ 17,133 $ 17,133 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (1,360 ) 50,862 (362,820 ) (313,318 ) (1,053 ) 668,170 75,759 742,876 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (1,240 ) (122,350 ) 53,815 (69,775 ) (3,806 ) (756,826 ) 113,144 (647,488 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (4,767 ) (9,130 ) (236,700 ) (250,597 ) (4,122 ) 708,976 84,876 789,730 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (1,601 ) 33,105 (387,067 ) (355,563 ) (2,189 ) 452,000 243,765 693,576 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (3,310 ) 123,129 (436,341 ) (316,522 ) (6,669 ) 704,792 39,340 737,463 Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (933 ) (29,518 ) (345,856 ) (376,307 ) (572 ) 797,312 (478,381 ) 318,359 Galaxy Plus Fund JL Cyril Systematic Feeder Fund (547) LLC) - - - - - - (2,031 ) (2,031 ) Total $ (13,211 ) $ 46,098 $ (1,727,844 ) $ (1,694,957 ) $ (18,411 ) $ 2,574,424 $ 93,605 $ 2,649,618 Frontier Global Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ (3,477 ) $ (3,477 ) $ - $ - $ 6,591 $ 6,591 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (2,037 ) 80,963 (591,597 ) (512,671 ) (1,390 ) 884,077 138,282 1,020,969 Total $ (2,037 ) $ 80,963 $ (595,074 ) $ (516,148 ) $ (1,390 ) $ 884,077 $ 144,873 $ 1,027,560 Frontier Select Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ (2,211 ) $ (2,211 ) $ - $ - $ 3,957 $ 3,957 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (1,834 ) 14,722 (195,180 ) (182,292 ) (2,678 ) 220,374 127,200 344,896 Galaxy Plus Fund JL Cyril Systematic Feeder Fund (547) LLC) - - - - - - (845 ) (845 ) Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (365 ) (4,521 ) (157,778 ) (162,664 ) (216 ) 299,148 (180,475 ) 118,457 Total $ (2,199 ) $ 10,201 $ (355,169 ) $ (347,167 ) $ (2,894 ) $ 519,522 $ (50,163 ) $ 466,465 Frontier Heritage Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ (3,161 ) $ (3,161 ) $ - $ - $ 6,321 $ 6,321 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (1,685 ) 21,425 (452,046 ) (432,306 ) (1,041 ) 663,179 95,200 757,338 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (1,287 ) 22,364 (150,483 ) (129,406 ) (2,189 ) 197,710 69,158 264,679 Total $ (2,972 ) $ 43,789 $ (605,690 ) $ (564,873 ) $ (3,230 ) $ 860,889 $ 170,679 $ 1,028,338 Frontier Long/Short Commodity Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ (2,208 ) $ (2,208 ) $ - $ - $ 4,443 $ 4,443 Galaxy Plus Fund - LRR Feeder Fund (522) LLC (111 ) 1,090 (3,439 ) (2,460 ) (270 ) 70,364 (7,272 ) 62,822 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (860 ) 8,581 (94,342 ) (86,621 ) (1,373 ) 114,799 61,788 175,214 Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) (252 ) (763 ) (32,231 ) (33,246 ) (2,454 ) (268,651 ) 336,523 65,418 Total $ (1,223 ) $ 8,908 $ (132,220 ) $ (124,535 ) $ (4,097 ) $ (83,488 ) $ 395,482 $ 307,897 Frontier Diversified Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ (3,115 ) $ (3,115 ) $ - $ - $ 9,287 $ 9,287 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (551 ) 14,884 (144,088 ) (129,755 ) (401 ) 253,501 32,227 285,327 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (721 ) (8,332 ) (39,843 ) (48,896 ) (1,980 ) (379,839 ) 54,380 (327,439 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (1,253 ) 799 (63,314 ) (63,768 ) (946 ) 163,333 16,830 179,217 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (576 ) 24,602 (152,578 ) (128,552 ) (1,046 ) 260,120 12,523 271,597 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (952 ) 5,344 (96,252 ) (91,860 ) (1,476 ) 137,574 41,852 177,950 Galaxy Plus Fund - JL Cyril Systematic Feeder Fund (547) LLC) - - - - - - (399 ) (399 ) Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (157 ) (3,595 ) (61,816 ) (65,568 ) (110 ) 153,723 (91,051 ) 62,562 Total $ (4,210 ) $ 33,702 $ (561,006 ) $ (531,514 ) $ (5,959 ) $ 588,412 $ 75,649 $ 658,102 Frontier Masters Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ (1,772 ) $ (1,772 ) $ - $ - $ 3,485 $ 3,485 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (204 ) 25,534 (77,572 ) (52,242 ) (174 ) 108,713 18,397 126,936 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (417 ) (647 ) (41,245 ) (42,309 ) (684 ) 64,081 (63,397 ) - Galaxy Plus Fund - TT Feeder Fund (531) LLC - - - - - - (242 ) (242 ) Galaxy Plus Fund - JL Cyril Systematic Feeder Fund (547) LLC) - - - - - - 89,775 89,775 Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (113 ) (1,910 ) (47,650 ) (49,673 ) (64 ) 88,318 (53,535 ) 34,719 Total $ (734 ) $ 22,977 $ (168,239 ) $ (145,996 ) $ (922 ) $ 261,112 $ (5,517 ) $ 254,673 |
Schedule of earnings from unconsolidated trading companies and private investment companies | Redemptions Redemptions Liquidity Notice Period Permitted Restrictions Frontier Diversified Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None Frontier Masters Fund Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Frontier Long/Short Commodity Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) 24 hours Daily None Galaxy Plus Fund - LRR Feeder Fund (552) LLC) 24 hours Daily None Frontier Balanced Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None Frontier Select Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Frontier Global Fund Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Frontier Heritage Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None |
Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies [Abstract] | |
Schedule of earnings from unconsolidated trading companies and private investment companies | Redemptions Redemptions Liquidity Notice Period Permitted Restrictions Frontier Funds Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) 24 hours Daily None Galaxy Plus Fund - LRR Feeder Fund (552) LLC) 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None |
Schedule of trust’s equity in earnings from each of the private investment | Three Months Ended March, 2023 Three Months Ended March, 2022 Trading Realized Change in Net Income Trading Realized Change in Net Income Commissions Gain/(Loss) Gain/(Loss) (Loss) Commissions Gain/(Loss) Gain/(Loss) (Loss) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC $ (5,837 ) $ 193,668 $ (1,628,123 ) $ (1,440,292 ) $ (4,059 ) $ 2,577,640 $ 359,865 $ 2,933,446 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (1,961 ) (130,682 ) 13,972 (118,671 ) (5,786 ) (1,136,665 ) 167,524 (974,927 ) Galaxy Plus Fund - LRR Feeder Fund (522) LLC (111 ) 1,090 (3,439 ) (2,460 ) (270 ) 70,364 (7,272 ) 62,822 Galaxy Plus Fund - QIM Feeder Fund (526) LLC (6,020 ) (8,331 ) (300,014 ) (314,365 ) (5,068 ) 872,309 101,706 968,947 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (2,177 ) 57,707 (539,645 ) (484,115 ) (3,235 ) 712,120 256,288 965,173 Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC - 7,697 (36,516 ) (28,819 ) - - 67,491 67,491 Galaxy Plus Fund - TT Feeder Fund (531) LLC - - - - - - (242 ) (242 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (8,660 ) 173,493 (1,013,843 ) (849,010 ) (15,069 ) 1,439,330 275,941 1,700,202 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - - - - - - 86,500 86,500 Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) (252 ) (763 ) (32,231 ) (33,246 ) (2,454 ) (268,651 ) 336,523 65,418 Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (1,568 ) (39,544 ) (613,100 ) (654,212 ) (962 ) 1,338,501 (803,442 ) 534,097 Total $ (26,586 ) $ 254,335 $ (4,152,939 ) $ (3,925,190 ) $ (36,903 ) $ 5,604,948 $ 840,882 $ 6,408,927 |
Transactions with Affiliates (T
Transactions with Affiliates (Tables) - The Series of Frontier Funds [Member] | 3 Months Ended |
Mar. 31, 2023 | |
Transactions with Affiliates (Tables) [Line Items] | |
Schedule of fees earned by managing owner | Three Months Ended March 31, 2023 Incentive (Rebate) Fees Management Fee Service Trading Frontier Diversified Fund $ - $ - $ 226 $ 24,576 Frontier Masters Fund - - 101 10,339 Frontier Long/Short Commodity Fund (5,126 ) - 53 9,572 Frontier Balanced Fund - 4,238 47,651 94,443 Frontier Select Fund - - 9,621 11,109 Frontier Global Fund - - 17,673 32,425 Frontier Heritage Fund - - 18,815 30,792 Three Months Ended March 31, 2022 Incentive (Rebate) Fees Management Fee Service Trading Frontier Diversified Fund $ - $ - $ 251 $ 27,593 Frontier Masters Fund - - 116 11,781 Frontier Long/Short Commodity Fund - - 56 8,468 Frontier Balanced Fund 76,272 4,403 61,363 102,264 Frontier Select Fund - - 10,925 11,861 Frontier Global Fund - - 16,989 30,349 Frontier Heritage Fund - - 18,381 27,156 |
Schedule of fees payable to managing owner | As of March 31, 2023 Incentive Management Interest Service Trading Frontier Diversified Fund $ - $ - $ - $ 72 $ 8,252 Frontier Masters Fund - - - 31 3,430 Frontier Long/Short Commodity Fund - - 30 18 3,182 Frontier Balanced Fund - 1,419 680 12,941 29,970 Frontier Select Fund - - 223 2,855 3,426 Frontier Global Fund - - 260 5,513 10,646 Frontier Heritage Fund - - 193 5,373 10,036 As of December 31, 2022 Incentive Management Interest Service Trading Frontier Diversified Fund $ - $ - $ - $ 85 $ 9,653 Frontier Masters Fund - - - 43 4,443 Frontier Long/Short Commodity Fund - - 53 21 3,447 Frontier Balanced Fund 692 1,573 2,306 16,784 36,946 Frontier Select Fund - - 342 3,630 4,454 Frontier Global Fund - - 302 6,437 12,480 Frontier Heritage Fund - - 447 6,432 11,679 |
Schedule of interest paid by each series to managing owner | March 31, March 31, March 31, March 31, Three Months Ended Gross Amount Paid to the Managing Owner Gross Amount Paid to the Managing Owner Ratio to Average Net Assets Ratio to Average Net Assets Frontier Diversified Fund Class 1 $ - $ - 0.00 % 0.00 % Frontier Diversified Fund Class 2 - - 0.00 % 0.00 % Frontier Diversified Fund Class 3 - - 0.00 % 0.00 % Frontier Masters Fund Class 1 - - 0.00 % 0.00 % Frontier Masters Fund Class 2 - - 0.00 % 0.00 % Frontier Masters Fund Class 3 - - 0.00 % 0.00 % Frontier Long/Short Commodity Fund Class 2 3 3 0.01 % 0.01 % Frontier Long/Short Commodity Fund Class 3 109 106 0.01 % 0.01 % Frontier Long/Short Commodity Fund Class 1a - - 0.00 % 0.00 % Frontier Long/Short Commodity Fund Class 2a - - 0.00 % 0.00 % Frontier Long/Short Commodity Fund Class 3a - - 0.00 % 0.00 % Frontier Balanced Fund Class 1 2,699 2,350 0.04 % 0.03 % Frontier Balanced Fund Class 1AP 29 21 0.04 % 0.03 % Frontier Balanced Fund Class 2 614 493 0.04 % 0.03 % Frontier Balanced Fund Class 2a 3 3 0.01 % 0.01 % Frontier Balanced Fund Class 3a 37 25 0.01 % 0.01 % Frontier Select Fund Class 1 764 594 0.06 % 0.04 % Frontier Select Fund Class 1AP 6 5 0.06 % 0.04 % Frontier Select Fund Class 2 41 31 0.06 % 0.04 % Frontier Global Fund Class 1 847 839 0.04 % 0.04 % Frontier Global Fund Class 1AP - - 0.00 % 0.00 % Frontier Global Fund Class 2 44 73 0.04 % 0.04 % Frontier Heritage Fund Class 1 751 854 0.03 % 0.03 % Frontier Heritage Fund Class 1AP 3 3 0.03 % 0.03 % Frontier Heritage Fund Class 2 65 81 0.03 % 0.03 % Total $ 6,015 $ 5,481 |
Financial Highlights (Tables)
Financial Highlights (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
The Series of the Frontier Funds [Member] | |
Financial Highlights (Tables) [Line Items] | |
Schedule of financial highlights of trust | Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 2 Class 3 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, December 31, 2022 $ 96.37 $ 90.72 $ 94.64 $ 89.45 $ 109.65 $ 71.93 $ 115.03 $ 76.29 Net operating results: Interest income 0.04 0.03 0.09 0.09 0.05 0.03 0.05 0.04 Expenses (0.85 ) (0.80 ) (1.44 ) (1.36 ) (0.37 ) (0.24 ) (0.39 ) (0.26 ) Net gain/(loss) on investments, net of non-controlling interests (17.98 ) (16.87 ) (19.98 ) (18.84 ) (10.15 ) (6.69 ) (10.65 ) (7.04 ) Net income/(loss) (18.80 ) (17.64 ) (21.33 ) (20.12 ) (10.47 ) (6.89 ) (10.99 ) (7.26 ) Net asset value, March 31, 2023 $ 77.57 $ 73.08 $ 73.31 $ 69.33 $ 99.18 $ 65.04 $ 104.04 $ 69.03 Ratios to average net assets Net investment income/(loss) -3.74 % -3.74 % -6.29 % -6.29 % -2.44 % -2.44 % -2.44 % -2.70 % Expenses before incentive fees (3)(4) 3.91 % 3.91 % 6.72 % 6.72 % 3.04 % 3.04 % 3.04 % 3.38 % Expenses after incentive fees (3)(4) 3.91 % 3.91 % 6.72 % 6.72 % 2.64 % 3.04 % 3.04 % 2.90 % Total return before incentive fees (2) -19.50 % -19.45 % -22.54 % -22.49 % -9.95 % -9.58 % -9.95 % -10.00 % Total return after incentive fees (2) -19.50 % -19.45 % -22.54 % -22.49 % -9.55 % -9.58 % -9.55 % -9.52 % Frontier Balanced Fund 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, 2022 $ 99.17 $ 127.56 $ 172.01 $ 149.47 $ 148.96 $ 71.23 $ 91.71 $ 121.70 Net operating results: Interest income 0.01 0.01 0.02 0.01 0.01 0.00 0.00 0.00 Expenses (1.77 ) (1.40 ) (1.89 ) (1.64 ) (1.63 ) (1.02 ) (0.68 ) (0.91 ) Net gain/(loss) on investments, net of non-controlling interests (21.73 ) (28.10 ) (37.88 ) (32.89 ) (32.78 ) (16.57 ) (21.45 ) (28.47 ) Net income/(loss) (23.48 ) (29.49 ) (39.76 ) (34.51 ) (34.39 ) (17.59 ) (22.14 ) (29.38 ) Net asset value, March 31, 2023 $ 75.69 $ 98.07 $ 132.25 $ 114.96 $ 114.57 $ 53.64 $ 69.57 $ 92.32 Ratios to average net assets Net investment income/(loss) -7.95 % -4.87 % -4.87 % -4.87 % -4.87 % -6.25 % -3.26 % -3.26 % Expenses before incentive fees (3)(4) 7.99 % 4.91 % 4.91 % 4.91 % 4.91 % 6.25 % 3.26 % 3.26 % Expenses after incentive fees (3)(4) 7.99 % 4.91 % 4.91 % 4.91 % 4.91 % 6.25 % 3.26 % 3.26 % Total return before incentive fees (2) -23.68 % -23.12 % -23.11 % -23.09 % -23.09 % -24.69 % -24.14 % -24.14 % Total return after incentive fees (2) -23.68 % -23.12 % -23.11 % -23.09 % -23.09 % -24.69 % -24.14 % -24.14 % Incentive fee per share - - - - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2022 $ 185.27 $ 297.25 $ 154.14 $ 198.42 $ 265.55 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (3.38 ) (3.45 ) (2.59 ) (2.00 ) (2.68 ) Net gain/(loss) on investments, net of non-controlling interests (34.07 ) (54.88 ) (28.45 ) (36.77 ) (49.21 ) Net income/(loss) (37.44 ) (58.33 ) (31.03 ) (38.77 ) (51.89 ) Net asset value, March 31, 2023 $ 147.83 $ 238.92 $ 123.11 $ 159.65 $ 213.66 Ratios to average net assets Net investment income/(loss) -8.20 % -5.21 % -7.48 % -4.49 % -4.49 % Expenses before incentive fees (3)(4) 8.20 % 5.21 % 7.48 % 4.49 % 4.49 % Expenses after incentive fees (3)(4) 8.20 % 5.21 % 7.48 % 4.49 % 4.49 % Total return before incentive fees (2) -20.21 % -19.62 % -20.13 % -19.54 % -19.54 % Total return after incentive fees (2) -20.21 % -19.62 % -20.13 % -19.54 % -19.54 % (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) 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 Series, see footnote 6. (4) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees is included in the total return. Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 2 Class 3 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, December 31, 2021 $ 88.98 $ 83.56 $ 70.17 $ 66.15 $ 89.97 $ 58.75 $ 94.38 $ 62.16 Net operating results: Interest income 0.04 0.04 0.07 0.07 0.05 0.03 0.05 0.03 Expenses (0.85 ) (0.80 ) (1.29 ) (1.22 ) (0.64 ) (0.42 ) (0.67 ) (0.44 ) Net gain/(loss) on investments, net of non-controlling interests 19.64 18.50 27.48 25.98 23.40 15.24 24.55 16.17 Net income/(loss) 18.83 17.74 26.27 24.83 22.81 14.85 23.93 15.76 Net asset value, March 31, 2022 $ 107.81 $ 101.30 $ 96.44 $ 90.98 $ 112.78 $ 73.60 $ 118.31 $ 77.92 Ratios to average net assets Net investment income/(loss) -3.46 % -3.46 % -6.16 % -6.16 % -2.50 % -2.50 % -2.50 % -2.50 % Expenses before incentive fees (3)(4) 3.63 % 3.63 % 6.52 % 6.52 % 2.70 % 2.70 % 2.70 % 2.70 % Expenses after incentive fees (3)(4) 3.63 % 3.63 % 6.52 % 6.52 % 2.70 % 2.70 % 2.70 % 2.70 % Total return before incentive fees (2) 21.16 % 21.24 % 37.44 % 37.53 % 25.35 % 25.28 % 25.35 % 25.36 % Total return after incentive fees (2) 21.16 % 21.24 % 37.44 % 37.53 % 25.35 % 25.28 % 25.35 % 25.36 % Frontier Balanced Fund 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, 2021 $ 82.82 $ 103.38 $ 139.40 $ 120.98 $ 120.57 $ 63.39 $ 79.21 $ 105.10 Net operating results: Interest income (0.00 ) (0.00 ) (0.00 ) (0.00 ) (0.00 ) 0.00 0.00 0.00 Expenses (2.32 ) (2.05 ) (2.76 ) (2.39 ) (2.39 ) (1.06 ) (0.67 ) (0.89 ) Net gain/(loss) on investments, net of non-controlling interests 26.33 32.99 44.50 38.66 38.52 21.26 26.67 35.40 Net income/(loss) 24.00 30.95 41.74 36.26 36.14 20.19 25.99 34.51 Net asset value, March 31, 2022 $ 106.82 $ 134.33 $ 181.14 $ 157.24 $ 156.71 $ 83.58 $ 105.20 $ 139.61 Ratios to average net assets Net investment income/(loss) -8.06 % -4.98 % -4.98 % -4.98 % -4.98 % -6.10 % -3.09 % -3.09 % Expenses before incentive fees (3)(4) 7.32 % 4.24 % 4.24 % 4.24 % 4.24 % 6.10 % 3.09 % 3.09 % Expenses after incentive fees (3)(4) 8.06 % 4.98 % 4.98 % 4.98 % 4.98 % 6.10 % 3.09 % 3.09 % Total return before incentive fees (2) 29.72 % 30.67 % 30.68 % 30.71 % 30.71 % 31.86 % 32.82 % 32.83 % Total return after incentive fees (2) 28.98 % 29.94 % 29.94 % 29.97 % 29.97 % 31.86 % 32.82 % 32.83 % Incentive fee per share 0.67 0.85 1.14 0.99 0.99 - - Incentive Fee to ANA 0.74 % 0.74 % 0.74 % 0.74 % 0.74 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2021 $ 109.45 $ 170.40 $ 103.43 $ 129.19 $ 172.91 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (2.62 ) (2.51 ) (2.15 ) (1.55 ) (2.08 ) Net gain/(loss) on investments, net of non-controlling interests 55.07 86.05 47.00 58.96 78.90 Net income/(loss) 52.45 83.54 44.84 57.41 76.82 Net asset value, March 31, 2022 $ 161.90 $ 253.94 $ 148.27 $ 186.60 $ 249.73 Ratios to average net assets Net investment income/(loss) -7.97 % -4.95 % -7.08 % -4.06 % -4.06 % Expenses before incentive fees (3)(4) 7.97 % 4.95 % 7.08 % 4.06 % 4.06 % Expenses after incentive fees (3)(4) 7.97 % 4.95 % 7.08 % 4.06 % 4.06 % Total return before incentive fees (2) 47.92 % 49.02 % 43.35 % 44.44 % 44.43 % Total return after incentive fees (2) 47.92 % 49.02 % 43.35 % 44.44 % 44.43 % (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) 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 Series, see footnote 6. (4) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees is included in the total return. * Class 1 of Frontier Masters Fund was closed as of April 1, 2021 and Frontier Diversified Fund Class 1 was closed as of July 21, 2021. |
Frontier Funds [Member] | |
Financial Highlights (Tables) [Line Items] | |
Schedule of financial highlights of trust | 2023 2022 Ratios to average net assets (1) Net investment income/(loss) (1) -6.43 % -6.50 % Expenses before incentive fees (3) 6.52 % 6.20 % Expenses after incentive fees (3) 6.50 % 6.55 % Total return before incentive fees (2) -23.24 % 29.11 % Total return after incentive fees (2) -23.21 % 28.76 % (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 Combined Consolidated Statements of Operations of the Trust. See footnote 6. |
Derivative Instruments and He_2
Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Derivative Instruments and Hedging Activities (Tables) [Line Items] | |
Schedule of averages futures contracts | Monthly average contracts: Bought Sold Frontier Trading Company I LLC 312 300 Monthly average contracts: Bought Sold Frontier Trading Company I LLC 373 367 |
Schedule of realized trading revenue from futures, forwards and options | Type of contract Frontier Balanced Fund Agriculturals $ (24,078 ) Currencies (117,002 ) Energies 29,280 Interest rates (99,325 ) Metals (14,347 ) Stock indices (61,009 ) Realized trading income/(loss) (1) $ (286,481 ) Type of contract Frontier Balanced Fund Agriculturals $ (37,319 ) Currencies 183,465 Energies 107,870 Interest rates 27,127 Metals (188,863 ) Stock indices 179,189 Realized trading income/(loss) (1) $ 271,469 (1) Amounts recorded in the consolidated statements of operations under net realized gain(loss) on futures forwards and options. |
Schedule of net trading gain loss | Type of contract Frontier Balanced Fund Agriculturals $ 42,199 Currencies (2,076 ) Energies (6,460 ) Interest rates 8,506 Metals 12,781 Stock indices (53,473 ) Change in unrealized trading income/(loss) (1) $ 1,477 Type of contract Frontier Balanced Fund Agriculturals $ (2,154 ) Currencies (3,547 ) Energies 14,760 Interest rates 17,389 Metals 15,429 Stock indices 865 Change in unrealized trading income/(loss) (1) $ 42,742 (1) Amounts recorded in the consolidated statements of operations under net change in open trade equity/(deficit) |
Schedule of gross and net information about the trust's assets and liabilities | Frontier Balanced Fund Gross Amounts of recognized Derivative Assets/Liabilities Gross Amounts offset in the Consolidated Statements of Financial Condition Net Amounts Presented Open Trade Equity/(Deficit) $ 138,206 $ (135,059 ) $ 3,147 Frontier Balanced Fund Gross Amounts of recognized Derivative Assets Gross Amounts offset in the Consolidated Statements of Financial Condition Net Amounts Presented Open Trade Equity/(Deficit) $ 3,438 $ (1,768 ) $ 1,670 |
Frontier Funds [Member] | |
Derivative Instruments and Hedging Activities (Tables) [Line Items] | |
Schedule of realized trading revenue from futures, forwards and options | Type of contract Agriculturals $ (24,078 ) Currencies (117,002 ) Energies 29,280 Interest rates (99,325 ) Metals (14,347 ) Stock indices (61,009 ) Realized trading income/(loss) (1) $ (286,481 ) (1) Amounts recorded in the combined consolidated statements of operations under net realized gain(loss) on futures forwards and options. Type of contract Agriculturals $ (37,319 ) Currencies 183,465 Energies 107,870 Interest rates 27,127 Metals (188,863 ) Stock indices 179,189 Realized trading income/(loss) (1) $ 271,469 (1) Amounts recorded in the combined consolidated statements of operations under net realized gain(loss) on futures forwards and options. |
Schedule of net trading gain loss | Type of contract Agriculturals $ 42,199 Currencies (2,076 ) Energies (6,460 ) Interest rates 8,506 Metals 12,781 Stock indices (53,473 ) Change in unrealized trading income/(loss) (1) $ 1,477 (1) Amounts recorded in the combined consolidated statements of operations under net change in open trade equity/(deficit). Type of contract Agriculturals $ (2,154 ) Currencies (3,547 ) Energies 14,760 Interest rates 17,389 Metals 15,429 Stock indices 865 Change in unrealized trading income/(loss) (1) $ 42,742 (1) Amounts recorded in the combined consolidated statements of operations under net change in open trade equity/(deficit). |
Schedule of gross and net information about the trust's assets and liabilities | Gross Gross Net Amounts Open Trade Equity/(Deficit) $ 138,206 $ (135,059 ) $ 3,147 Gross Gross Amounts Net Amounts Open Trade Equity/(Deficit) $ 3,438 $ (1,768 ) $ 1,670 |
Organization and Purpose (Detai
Organization and Purpose (Details) | 3 Months Ended |
Mar. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Organization and Purpose (Details) [Line Items] | |
Managing owner contributions to the series of the trust percentage | 1% |
Amortized monthly annual rate | 2% |
Service fee percentage | 2% |
Redemption fee percentage | 2% |
Percentage of average daily NAV charged as a service fees | 3% |
Percentage of NAV charged as a service fees | 3% |
Service fee percentage | 0.50% |
Aggregate initial and ongoing service fees | 9% |
Total of the purchase price | 10% |
The Series of Frontier Funds [Member] | Minimum [Member] | |
Organization and Purpose (Details) [Line Items] | |
Assets normally invested in one or more trading companies | 75% |
The Series of Frontier Funds [Member] | Maximum [Member] | |
Organization and Purpose (Details) [Line Items] | |
Assets normally invested in one or more trading companies | 95% |
Class 2 or Class 2a [Member] | |
Organization and Purpose (Details) [Line Items] | |
Percentage of NAV charged as a service fees | 0.25% |
Frontier Funds [Member] | |
Organization and Purpose (Details) [Line Items] | |
Managing owner contributions to the series of the trust percentage | 1% |
Aggregate initial and ongoing service fees | 9% |
Redemption fee percentage | 10% |
Frontier Funds [Member] | Minimum [Member] | |
Organization and Purpose (Details) [Line Items] | |
Assets normally invested in one or more trading companies | 30% |
Frontier Funds [Member] | Maximum [Member] | |
Organization and Purpose (Details) [Line Items] | |
Assets normally invested in one or more trading companies | 70% |
Frontier Funds [Member] | Class 1 or Class 1a [Member] | |
Organization and Purpose (Details) [Line Items] | |
Amortized monthly annual rate | 2% |
Service fee percentage | 2% |
Redemption fee percentage | 2% |
Percentage of average daily NAV charged as a service fees | 3% |
Percentage of NAV charged as a service fees | 3% |
Service fee percentage | 2% |
Frontier Funds [Member] | Class 2 and Class 2a [Member] | |
Organization and Purpose (Details) [Line Items] | |
Service fee percentage | 0.50% |
Service fee charged to limited owners | 0.25% |
Significant Accounting Polici_2
Significant Accounting Policies (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Dec. 31, 2022 | |
The Series of Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Restricted cash (in Dollars) | $ 62,418 | $ 320,939 |
Gross income of the trust constitutes qualifying income | 90% | |
Incentive fees percentage | 10% | |
Incentive fee, description | If the Managing Owner’s share of the incentive fee exceeds 10% of new net profits during the period for a particular series, then the Managing Owner is obligated to return any amount in excess to the Series. The returned amounts are recorded as Incentive Fee (Rebate) on the consolidated statements of operations. | |
Service fee percentage | 2% | |
Amortized monthly annual rate | 2% | |
Redemption fee percentage | 2% | |
Percentage of average daily NAV charged as a service fees | 3% | |
The Series of Frontier Funds [Member] | Class 1 or Class 1a [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Aggregate interest income percentage | 100% | |
The Series of Frontier Funds [Member] | Class 2 or Class 2a [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Service fee percentage | 0.50% | |
The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Advance for service fee (in Dollars) | $ 22,650 | |
The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Advance for service fee (in Dollars) | 393 | |
The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Advance for service fee (in Dollars) | 31,725 | |
The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Advance for service fee (in Dollars) | 395,538 | |
The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Advance for service fee (in Dollars) | 22,221 | |
The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Advance for service fee (in Dollars) | 163,190 | |
The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Advance for service fee (in Dollars) | $ 81,684 | |
Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Gross income of the trust constitutes qualifying income | 90% | |
Commodity trading advisors new net profits percentage | 10% | |
Incentive fee exceeds new net profit | 10% | |
Subscriptions in advance for service fee (in Dollars) | $ 717,401 | 710,323 |
Frontier Funds [Member] | Class 1 or Class 1a [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Aggregate interest income percentage | 100% | |
Service fee percentage | 2% | |
Amortized monthly annual rate | 2% | |
Redemption fee percentage | 2% | |
Percentage of average daily NAV charged as a service fees | 3% | |
Frontier Funds [Member] | Class 1 or Class 1a [Member] | Frontier Balanced Fund [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Service fee percentage | 3% | |
Amortized monthly annual rate | 3% | |
Redemption fee percentage | 3% | |
Frontier Funds [Member] | Class 2 and Class 2a [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Service fee percentage | 0.50% | |
Service fee charged to limited owners | 0.25% | |
The Series of Frontier Funds [Member] | The Series of Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Managing owner percentage | 2% | |
Frontier Trading Company I LLC [Member] | Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Restricted cash (in Dollars) | $ 62,418 | $ 320,241 |
Fair Value Measurements (Detail
Fair Value Measurements (Details) | 3 Months Ended |
Mar. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Fair Value Measurements (Details) [Line Items] | |
Prices exceeding | 5% |
Frontier Funds [Member] | |
Fair Value Measurements (Details) [Line Items] | |
Prices exceeding | 5% |
Fair Value Measurements (Deta_2
Fair Value Measurements (Details) - Schedule of valuation inputs within the fair value hierarchy utilized to measure fair value - The Series of Frontier Funds [Member] - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Frontier Diversified Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | $ 56,000 | $ 28,671 |
U.S. Treasury Securities | 5,453 | 42,198 |
Frontier Masters Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 26,521 | 11,418 |
U.S. Treasury Securities | 2,582 | 16,805 |
Frontier Long/Short Commodity Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 25,386 | 23,810 |
U.S. Treasury Securities | 2,472 | 35,044 |
Frontier Balanced Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 10,145 | 136,169 |
Open Trade Equity (Deficit) | 3,147 | 1,670 |
U.S. Treasury Securities | 988 | 200,417 |
Frontier Select Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 31,392 | 20,414 |
U.S. Treasury Securities | 3,057 | 30,046 |
Frontier Global Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 58,206 | 16,200 |
U.S. Treasury Securities | 5,668 | 23,843 |
Frontier Heritage Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 28,212 | 27,970 |
U.S. Treasury Securities | 2,747 | 41,167 |
Practical Expedient [Member] | Frontier Diversified Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 56,000 | 28,671 |
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Masters Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 26,521 | 11,418 |
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 25,386 | 23,810 |
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Balanced Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 10,145 | 136,169 |
Open Trade Equity (Deficit) | ||
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Select Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 31,392 | 20,414 |
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Global Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 58,206 | 16,200 |
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Heritage Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 28,212 | 27,970 |
U.S. Treasury Securities | ||
Level 1 Inputs [Member] | Frontier Diversified Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 5,453 | 42,198 |
Level 1 Inputs [Member] | Frontier Masters Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 2,582 | 16,805 |
Level 1 Inputs [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 2,472 | 35,044 |
Level 1 Inputs [Member] | Frontier Balanced Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
Open Trade Equity (Deficit) | 3,147 | 1,670 |
U.S. Treasury Securities | 988 | 200,417 |
Level 1 Inputs [Member] | Frontier Select Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 3,057 | 30,046 |
Level 1 Inputs [Member] | Frontier Global Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 5,668 | 23,843 |
Level 1 Inputs [Member] | Frontier Heritage Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 2,747 | 41,167 |
Level 2 Inputs [Member] | Frontier Diversified Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Masters Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Balanced Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
Open Trade Equity (Deficit) | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Select Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Global Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Heritage Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Diversified Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Masters Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Balanced Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
Open Trade Equity (Deficit) | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Select Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Global Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Heritage Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities |
Swap Contracts (Details)
Swap Contracts (Details) | Mar. 31, 2023 USD ($) |
The Series of Frontier Funds [Member] | |
Swap Contracts (Details) [Line Items] | |
Cash holding shall be in excess amount | $ 250,000 |
Percentage of index exposure total | 40% |
Frontier Funds [Member] | |
Swap Contracts (Details) [Line Items] | |
Cash holding shall be in excess amount | $ 250,000 |
Percentage of index exposure total | 40% |
Investments in Unconsolidated_3
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) | Mar. 31, 2023 |
Series of Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) [Line Items] | |
Trust’s total capital, percentage | 5% |
Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) [Line Items] | |
Trust’s total capital, percentage | 5% |
Investments in Unconsolidated_4
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of investments in unconsolidated trading companies - Frontier Trading Company XXXVIII [Member] - The Series of Frontier Funds [Member] - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Frontier Diversified Series [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of investments in unconsolidated trading companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 2.43% | 1% |
Fair Value | $ 56,000 | $ 28,671 |
Frontier Masters Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of investments in unconsolidated trading companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 5.13% | 1.64% |
Fair Value | $ 26,521 | $ 11,418 |
Frontier Long/Short Commodity Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of investments in unconsolidated trading companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 2.14% | 1.75% |
Fair Value | $ 25,386 | $ 23,810 |
Frontier Balanced Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of investments in unconsolidated trading companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 0.15% | 1.46% |
Fair Value | $ 10,145 | $ 136,169 |
Frontier Select Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of investments in unconsolidated trading companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 2.85% | 1.36% |
Fair Value | $ 31,392 | $ 20,414 |
Frontier Global Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of investments in unconsolidated trading companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 2.61% | 0.57% |
Fair Value | $ 58,206 | $ 16,200 |
Frontier Heritage Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of investments in unconsolidated trading companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 1.18% | 0.91% |
Fair Value | $ 28,212 | $ 27,970 |
Investments in Unconsolidated_5
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies - The Series of Frontier Funds [Member] - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Frontier Balanced Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | $ (13,211) | $ (18,411) |
Realized Gain/(Loss) | 46,098 | 2,574,424 |
Change in Unrealized Gain/(Loss) | (1,727,844) | 93,605 |
Net Income (Loss) | (1,694,957) | 2,649,618 |
Frontier Global Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (2,037) | (1,390) |
Realized Gain/(Loss) | 80,963 | 884,077 |
Change in Unrealized Gain/(Loss) | (595,074) | 144,873 |
Net Income (Loss) | (516,148) | 1,027,560 |
Frontier Select Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (2,199) | (2,894) |
Realized Gain/(Loss) | 10,201 | 519,522 |
Change in Unrealized Gain/(Loss) | (355,169) | (50,163) |
Net Income (Loss) | (347,167) | 466,465 |
Frontier Heritage Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (2,972) | (3,230) |
Realized Gain/(Loss) | 43,789 | 860,889 |
Change in Unrealized Gain/(Loss) | (605,690) | 170,679 |
Net Income (Loss) | (564,873) | 1,028,338 |
Frontier Long/Short Commodity Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (1,223) | (4,097) |
Realized Gain/(Loss) | 8,908 | (83,488) |
Change in Unrealized Gain/(Loss) | (132,220) | 395,482 |
Net Income (Loss) | (124,535) | 307,897 |
Frontier Diversified Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (4,210) | (5,959) |
Realized Gain/(Loss) | 33,702 | 588,412 |
Change in Unrealized Gain/(Loss) | (561,006) | 75,649 |
Net Income (Loss) | (531,514) | 658,102 |
Frontier Masters Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (734) | (922) |
Realized Gain/(Loss) | 22,977 | 261,112 |
Change in Unrealized Gain/(Loss) | (168,239) | (5,517) |
Net Income (Loss) | (145,996) | 254,673 |
Frontier Trading Company XXXVIII, LLC [Member] | Frontier Balanced Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | ||
Realized Gain/(Loss) | ||
Change in Unrealized Gain/(Loss) | (12,875) | 17,133 |
Net Income (Loss) | (12,875) | 17,133 |
Frontier Trading Company XXXVIII, LLC [Member] | Frontier Global Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | ||
Realized Gain/(Loss) | ||
Change in Unrealized Gain/(Loss) | (3,477) | 6,591 |
Net Income (Loss) | (3,477) | 6,591 |
Frontier Trading Company XXXVIII, LLC [Member] | Frontier Select Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | ||
Realized Gain/(Loss) | ||
Change in Unrealized Gain/(Loss) | (2,211) | 3,957 |
Net Income (Loss) | (2,211) | 3,957 |
Frontier Trading Company XXXVIII, LLC [Member] | Frontier Heritage Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | ||
Realized Gain/(Loss) | ||
Change in Unrealized Gain/(Loss) | (3,161) | 6,321 |
Net Income (Loss) | (3,161) | 6,321 |
Frontier Trading Company XXXVIII, LLC [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | ||
Realized Gain/(Loss) | ||
Change in Unrealized Gain/(Loss) | (2,208) | 4,443 |
Net Income (Loss) | (2,208) | 4,443 |
Frontier Trading Company XXXVIII, LLC [Member] | Frontier Diversified Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | ||
Realized Gain/(Loss) | ||
Change in Unrealized Gain/(Loss) | (3,115) | 9,287 |
Net Income (Loss) | (3,115) | 9,287 |
Frontier Trading Company XXXVIII, LLC [Member] | Frontier Masters Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | ||
Realized Gain/(Loss) | ||
Change in Unrealized Gain/(Loss) | (1,772) | 3,485 |
Net Income (Loss) | (1,772) | 3,485 |
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Balanced Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (1,360) | (1,053) |
Realized Gain/(Loss) | 50,862 | 668,170 |
Change in Unrealized Gain/(Loss) | (362,820) | 75,759 |
Net Income (Loss) | (313,318) | 742,876 |
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Global Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (2,037) | (1,390) |
Realized Gain/(Loss) | 80,963 | 884,077 |
Change in Unrealized Gain/(Loss) | (591,597) | 138,282 |
Net Income (Loss) | (512,671) | 1,020,969 |
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Heritage Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (1,685) | (1,041) |
Realized Gain/(Loss) | 21,425 | 663,179 |
Change in Unrealized Gain/(Loss) | (452,046) | 95,200 |
Net Income (Loss) | (432,306) | 757,338 |
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Diversified Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (551) | (401) |
Realized Gain/(Loss) | 14,884 | 253,501 |
Change in Unrealized Gain/(Loss) | (144,088) | 32,227 |
Net Income (Loss) | (129,755) | 285,327 |
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Masters Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (204) | (174) |
Realized Gain/(Loss) | 25,534 | 108,713 |
Change in Unrealized Gain/(Loss) | (77,572) | 18,397 |
Net Income (Loss) | (52,242) | 126,936 |
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Balanced Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (1,240) | (3,806) |
Realized Gain/(Loss) | (122,350) | (756,826) |
Change in Unrealized Gain/(Loss) | 53,815 | 113,144 |
Net Income (Loss) | (69,775) | (647,488) |
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Diversified Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (721) | (1,980) |
Realized Gain/(Loss) | (8,332) | (379,839) |
Change in Unrealized Gain/(Loss) | (39,843) | 54,380 |
Net Income (Loss) | (48,896) | (327,439) |
Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Balanced Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (4,767) | (4,122) |
Realized Gain/(Loss) | (9,130) | 708,976 |
Change in Unrealized Gain/(Loss) | (236,700) | 84,876 |
Net Income (Loss) | (250,597) | 789,730 |
Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Diversified Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (1,253) | (946) |
Realized Gain/(Loss) | 799 | 163,333 |
Change in Unrealized Gain/(Loss) | (63,314) | 16,830 |
Net Income (Loss) | (63,768) | 179,217 |
Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Balanced Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (1,601) | (2,189) |
Realized Gain/(Loss) | 33,105 | 452,000 |
Change in Unrealized Gain/(Loss) | (387,067) | 243,765 |
Net Income (Loss) | (355,563) | 693,576 |
Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Diversified Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (576) | (1,046) |
Realized Gain/(Loss) | 24,602 | 260,120 |
Change in Unrealized Gain/(Loss) | (152,578) | 12,523 |
Net Income (Loss) | (128,552) | 271,597 |
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Balanced Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (3,310) | (6,669) |
Realized Gain/(Loss) | 123,129 | 704,792 |
Change in Unrealized Gain/(Loss) | (436,341) | 39,340 |
Net Income (Loss) | (316,522) | 737,463 |
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Select Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (1,834) | (2,678) |
Realized Gain/(Loss) | 14,722 | 220,374 |
Change in Unrealized Gain/(Loss) | (195,180) | 127,200 |
Net Income (Loss) | (182,292) | 344,896 |
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Heritage Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (1,287) | (2,189) |
Realized Gain/(Loss) | 22,364 | 197,710 |
Change in Unrealized Gain/(Loss) | (150,483) | 69,158 |
Net Income (Loss) | (129,406) | 264,679 |
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (860) | (1,373) |
Realized Gain/(Loss) | 8,581 | 114,799 |
Change in Unrealized Gain/(Loss) | (94,342) | 61,788 |
Net Income (Loss) | (86,621) | 175,214 |
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Diversified Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (952) | (1,476) |
Realized Gain/(Loss) | 5,344 | 137,574 |
Change in Unrealized Gain/(Loss) | (96,252) | 41,852 |
Net Income (Loss) | (91,860) | 177,950 |
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Masters Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (417) | (684) |
Realized Gain/(Loss) | (647) | 64,081 |
Change in Unrealized Gain/(Loss) | (41,245) | (63,397) |
Net Income (Loss) | (42,309) | |
Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Balanced Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (933) | (572) |
Realized Gain/(Loss) | (29,518) | 797,312 |
Change in Unrealized Gain/(Loss) | (345,856) | (478,381) |
Net Income (Loss) | (376,307) | 318,359 |
Galaxy Plus Fund - JL Cyril Systematic Feeder Fund (547) LLC) [Member] | Frontier Balanced Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | ||
Realized Gain/(Loss) | ||
Change in Unrealized Gain/(Loss) | (2,031) | |
Net Income (Loss) | (2,031) | |
Galaxy Plus Fund - JL Cyril Systematic Feeder Fund (547) LLC) [Member] | Frontier Diversified Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | ||
Realized Gain/(Loss) | ||
Change in Unrealized Gain/(Loss) | (399) | |
Net Income (Loss) | (399) | |
Galaxy Plus Fund - JL Cyril Systematic Feeder Fund (547) LLC) [Member] | Frontier Masters Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | ||
Realized Gain/(Loss) | ||
Change in Unrealized Gain/(Loss) | 89,775 | |
Net Income (Loss) | 89,775 | |
Galaxy Plus Fund - JL Cyril Systematic Feeder Fund (547) LLC [Member] | Frontier Select Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | ||
Realized Gain/(Loss) | ||
Change in Unrealized Gain/(Loss) | (845) | |
Net Income (Loss) | (845) | |
Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC [Member] | Frontier Select Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (365) | (216) |
Realized Gain/(Loss) | (4,521) | 299,148 |
Change in Unrealized Gain/(Loss) | (157,778) | (180,475) |
Net Income (Loss) | (162,664) | 118,457 |
Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC [Member] | Frontier Diversified Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (157) | (110) |
Realized Gain/(Loss) | (3,595) | 153,723 |
Change in Unrealized Gain/(Loss) | (61,816) | (91,051) |
Net Income (Loss) | (65,568) | 62,562 |
Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC [Member] | Frontier Masters Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (113) | (64) |
Realized Gain/(Loss) | (1,910) | 88,318 |
Change in Unrealized Gain/(Loss) | (47,650) | (53,535) |
Net Income (Loss) | (49,673) | 34,719 |
Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (111) | (270) |
Realized Gain/(Loss) | 1,090 | 70,364 |
Change in Unrealized Gain/(Loss) | (3,439) | (7,272) |
Net Income (Loss) | (2,460) | 62,822 |
Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | (252) | (2,454) |
Realized Gain/(Loss) | (763) | (268,651) |
Change in Unrealized Gain/(Loss) | (32,231) | 336,523 |
Net Income (Loss) | (33,246) | 65,418 |
Galaxy Plus Fund - TT Feeder Fund (531) LLC [Member] | Frontier Masters Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies [Line Items] | ||
Trading Commissions | ||
Realized Gain/(Loss) | ||
Change in Unrealized Gain/(Loss) | (242) | |
Net Income (Loss) | $ (242) |
Investments in Unconsolidated_6
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions - The Series of Frontier Funds [Member] | 3 Months Ended |
Mar. 31, 2023 | |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Diversified Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Masters Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Balanced Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Select Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Heritage Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Diversified Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Masters Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Balanced Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Select Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | Frontier Long/Short Commodity Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Diversified Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Masters Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Balanced Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Global Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Heritage Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Diversified Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Balanced Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Diversified Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Balanced Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Diversified Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Balanced Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Transactions with Affiliates (D
Transactions with Affiliates (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Description of incentive fees | The incentive fee is 25% for the Frontier Balanced Fund and the Frontier Diversified Fund and 20% for the Frontier Global Fund, Frontier Heritage Fund, Frontier Select Fund, Frontier Long/Short Commodity Fund and Frontier Masters Fund. | ||
Description of service fees | Service Fees— Investors who have purchased Class 1 or Class 1a Units of Frontier Diversified Fund, Frontier Masters Fund, and Frontier Long/Short Commodity Fund are charged a service fee of up to two percent (2.0%) annually of the NAV (of the purchase price, in case of the initial service fee) 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 two percent (2.0%) 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 two percent (2.0%) of the purchase price at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. Investors who have purchased Class 1 or Class 1a Units of Frontier Balanced Fund, Frontier Heritage Fund, Frontier Select Fund, and Frontier Global Fund are charged a service fee of up to three percent (3.0%) annually of the NAV (of the purchase price, in case of the initial service fee) 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 purchase price 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 Frontier Diversified Fund and Frontier Masters Fund or Class 2a Units of the 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 for administrative purposes. 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. | ||
Description of interest income | 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) of average net assets less any fair market value related to swaps is paid to the Managing Owner by the Frontier Balanced Fund (Class 1 and Class 2), Frontier Long/Short Commodity Fund (Class 2 and Class 3), Frontier Global Fund, Frontier Select Fund, and Frontier Heritage Fund. For the Frontier Diversified Fund, Frontier Long/Short Commodity Fund (Class 1a, Class 2a and Class 3a), Frontier Masters Fund, and Frontier Balanced Fund (Class 1AP, Class 2a and Class 3a), 100% of the interest is retained by the respective Series. | ||
The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of minimum purchase commitment | 1% | ||
Percentage of contributes funds to trust | 1% | ||
Percentage of interest | 1% | ||
Frontier Funds [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of minimum purchase commitment | 1% | ||
Percentage of contributes funds to trust | 1% | ||
Subscriptions in advance for service fee (in Dollars) | $ 717,401 | $ 710,323 | |
Trust had payable for incentive fees (in Dollars) | (5,126) | $ 76,272 | |
Trust had payable for management fees (in Dollars) | 4,238 | 4,403 | |
Trust had payable for trading fees (in Dollars) | 68,942 | 83,102 | |
Trust had payable for service fees (in Dollars) | 94,140 | 108,081 | |
Risk analysis fees (in Dollars) | 970 | 1,321 | |
Trading fees (in Dollars) | $ 213,256 | 219,472 | |
Description of interest income | 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 Frontier Balanced Fund (Class 1 and Class 2 only), Frontier Long/Short Commodity Fund (Class 2 and Class 3), Frontier Global Fund, Frontier Select Fund, and Frontier Heritage Fund. | ||
Interest rate | 100% | ||
Trust paid (in Dollars) | $ 6,015 | $ 5,481 | |
Frontier Funds [Member] | Managing Owner [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Trust had payable for incentive fees (in Dollars) | 0 | 692 | |
Trust had payable for management fees (in Dollars) | 1,419 | 1,573 | |
Trust had payable for interest fees (in Dollars) | 1,386 | 3,450 | |
Trust had payable for trading fees (in Dollars) | 68,942 | 83,102 | |
Trust had payable for service fees (in Dollars) | $ 26,803 | $ 33,432 | |
Frontier Funds [Member] | Class 1AP Units [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of interest in specific series of trust | 1% | ||
Frontier Funds [Member] | Class 2a Units [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of interest | 1% | ||
Frontier Funds [Member] | Class 1 [Member] | Managing Owner [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of service fee | 3% | ||
Frontier Funds [Member] | Class 1a Units [Member] | Managing Owner [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of service fee | 2% | ||
Frontier Funds [Member] | Class 2 Units [Member] | Managing Owner [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of service fee | 0.25% | ||
Frontier Balanced Fund [Member] | The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Subscriptions in advance for service fee (in Dollars) | $ 395,538 | ||
Frontier Balanced Fund [Member] | Frontier Funds [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of FCM fee | 2.25% | ||
Percentage of incentive fee | 25% | ||
Frontier Balanced Fund [Member] | Frontier Funds [Member] | Class 1 and Class 2 [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of management fee | 0.50% | ||
Frontier Balanced Fund [Member] | Frontier Funds [Member] | Class 1AP, Class 2a and Class 3a [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of management fee | 1% | ||
Frontier Long/Short Commodity Fund [Member] | The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Subscriptions in advance for service fee (in Dollars) | $ 393 | ||
Frontier Long/Short Commodity Fund [Member] | Frontier Funds [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of management fee | 2% | ||
Frontier Long/Short Commodity Fund [Member] | Frontier Funds [Member] | Class 2 and Class 3 [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of management fee | 3.50% | ||
Frontier Diversified Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of management fee | 0.75% | ||
Frontier Diversified Fund [Member] | Frontier Funds [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of management fee | 0.75% | ||
Percentage of FCM fee | 2.50% | ||
Percentage of incentive fee | 20% | ||
Frontier Heritage Fund [Member] | The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Subscriptions in advance for service fee (in Dollars) | $ 81,684 | ||
Frontier Heritage Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of management fee | 2.50% | ||
Percentage of FCM fee | 2.25% | ||
Frontier Masters Fund [Member] | The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Subscriptions in advance for service fee (in Dollars) | $ 31,725 | ||
Frontier Masters Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of FCM fee | 2.25% | ||
Frontier Diversified Fund [Member] | The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Subscriptions in advance for service fee (in Dollars) | $ 22,650 | ||
Frontier Select Fund [Member] | The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Subscriptions in advance for service fee (in Dollars) | $ 22,221 | ||
Frontier Select Fund [Member] | Frontier Funds [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of FCM fee | 2.25% | ||
Frontier Global Fund [Member] | The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Subscriptions in advance for service fee (in Dollars) | $ 163,190 | ||
Frontier Global Fund [Member] | Frontier Funds [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of series NAV | 0.12% | ||
Class 1AP [Member] | Frontier Balanced Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of interest in specific series of trust | 1% | ||
Class 2a [Member] | Frontier Balanced Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of interest in specific series of trust | 1% | ||
Class 2a [Member] | Frontier Long/Short Commodity Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of management fee | 2% | ||
Class 1 [Member] | Frontier Balanced Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of management fee | 0.50% | ||
Class 3a [Member] | Frontier Balanced Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of management fee | 0.50% | ||
Class 2 [Member] | Frontier Long/Short Commodity Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Percentage of management fee | 3.50% | ||
Galaxy Plus Platform [Member] | The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates (Details) [Line Items] | |||
Diligence fee percentage | 0.12% |
Transactions with Affiliates _2
Transactions with Affiliates (Details) - Schedule of fees earned by managing owner - The Series of Frontier Funds [Member] - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Frontier Diversified Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees earned by managing owner [Line Items] | ||
Incentive (Rebate) Fees | ||
Management Fee | ||
Service Fee | 226 | 251 |
Trading Fee | 24,576 | 27,593 |
Frontier Masters Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees earned by managing owner [Line Items] | ||
Incentive (Rebate) Fees | ||
Management Fee | ||
Service Fee | 101 | 116 |
Trading Fee | 10,339 | 11,781 |
Frontier Long/Short Commodity Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees earned by managing owner [Line Items] | ||
Incentive (Rebate) Fees | (5,126) | |
Management Fee | ||
Service Fee | 53 | 56 |
Trading Fee | 9,572 | 8,468 |
Frontier Balanced Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees earned by managing owner [Line Items] | ||
Incentive (Rebate) Fees | 76,272 | |
Management Fee | 4,238 | 4,403 |
Service Fee | 47,651 | 61,363 |
Trading Fee | 94,443 | 102,264 |
Frontier Select Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees earned by managing owner [Line Items] | ||
Incentive (Rebate) Fees | ||
Management Fee | ||
Service Fee | 9,621 | 10,925 |
Trading Fee | 11,109 | 11,861 |
Frontier Global Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees earned by managing owner [Line Items] | ||
Incentive (Rebate) Fees | ||
Management Fee | ||
Service Fee | 17,673 | 16,989 |
Trading Fee | 32,425 | 30,349 |
Frontier Heritage Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees earned by managing owner [Line Items] | ||
Incentive (Rebate) Fees | ||
Management Fee | ||
Service Fee | 18,815 | 18,381 |
Trading Fee | $ 30,792 | $ 27,156 |
Transactions with Affiliates _3
Transactions with Affiliates (Details) - Schedule of fees payable to managing owner - The Series of Frontier Funds [Member] - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Frontier Diversified Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees payable to managing owner [Line Items] | ||
Incentive (Rebate) Fees | ||
Management Fees | ||
Interest Fees | ||
Service Fees | 72 | 85 |
Trading Fees | 8,252 | 9,653 |
Frontier Masters Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees payable to managing owner [Line Items] | ||
Incentive (Rebate) Fees | ||
Management Fees | ||
Interest Fees | ||
Service Fees | 31 | 43 |
Trading Fees | 3,430 | 4,443 |
Frontier Long/Short Commodity Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees payable to managing owner [Line Items] | ||
Incentive (Rebate) Fees | ||
Management Fees | ||
Interest Fees | 30 | 53 |
Service Fees | 18 | 21 |
Trading Fees | 3,182 | 3,447 |
Frontier Balanced Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees payable to managing owner [Line Items] | ||
Incentive (Rebate) Fees | 692 | |
Management Fees | 1,419 | 1,573 |
Interest Fees | 680 | 2,306 |
Service Fees | 12,941 | 16,784 |
Trading Fees | 29,970 | 36,946 |
Frontier Select Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees payable to managing owner [Line Items] | ||
Incentive (Rebate) Fees | ||
Management Fees | ||
Interest Fees | 223 | 342 |
Service Fees | 2,855 | 3,630 |
Trading Fees | 3,426 | 4,454 |
Frontier Global Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees payable to managing owner [Line Items] | ||
Incentive (Rebate) Fees | ||
Management Fees | ||
Interest Fees | 260 | 302 |
Service Fees | 5,513 | 6,437 |
Trading Fees | 10,646 | 12,480 |
Frontier Heritage Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees payable to managing owner [Line Items] | ||
Incentive (Rebate) Fees | ||
Management Fees | ||
Interest Fees | 193 | 447 |
Service Fees | 5,373 | 6,432 |
Trading Fees | $ 10,036 | $ 11,679 |
Transactions with Affiliates _4
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner - The Series of the Frontier Funds [Member] - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | $ 6,015 | $ 5,481 |
Class 1 [Member] | Frontier Diversified Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | ||
Ratio to Average Net Assets | 0% | 0% |
Class 1 [Member] | Frontier Masters Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | ||
Ratio to Average Net Assets | 0% | 0% |
Class 1 [Member] | Frontier Balanced Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | $ 2,699 | $ 2,350 |
Ratio to Average Net Assets | 0.04% | 0.03% |
Class 1 [Member] | Frontier Select Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | $ 764 | $ 594 |
Ratio to Average Net Assets | 0.06% | 0.04% |
Class 1 [Member] | Frontier Global Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | $ 847 | $ 839 |
Ratio to Average Net Assets | 0.04% | 0.04% |
Class 1 [Member] | Frontier Heritage Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | $ 751 | $ 854 |
Ratio to Average Net Assets | 0.03% | 0.03% |
Class 2 [Member] | Frontier Diversified Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | ||
Ratio to Average Net Assets | 0% | 0% |
Class 2 [Member] | Frontier Masters Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | ||
Ratio to Average Net Assets | 0% | 0% |
Class 2 [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | $ 3 | $ 3 |
Ratio to Average Net Assets | 0.01% | 0.01% |
Class 2 [Member] | Frontier Balanced Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | $ 614 | $ 493 |
Ratio to Average Net Assets | 0.04% | 0.03% |
Class 2 [Member] | Frontier Select Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | $ 41 | $ 31 |
Ratio to Average Net Assets | 0.06% | 0.04% |
Class 2 [Member] | Frontier Global Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | $ 44 | $ 73 |
Ratio to Average Net Assets | 0.04% | 0.04% |
Class 2 [Member] | Frontier Heritage Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | $ 65 | $ 81 |
Ratio to Average Net Assets | 0.03% | 0.03% |
Class 3 [Member] | Frontier Diversified Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | ||
Ratio to Average Net Assets | 0% | 0% |
Class 3 [Member] | Frontier Masters Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | ||
Ratio to Average Net Assets | 0% | 0% |
Class 3 [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | $ 109 | $ 106 |
Ratio to Average Net Assets | 0.01% | 0.01% |
Class 1a [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | ||
Ratio to Average Net Assets | 0% | 0% |
Class 2a [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | ||
Ratio to Average Net Assets | 0% | 0% |
Class 2a [Member] | Frontier Balanced Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | $ 3 | $ 3 |
Ratio to Average Net Assets | 0.01% | 0.01% |
Class 3a [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | ||
Ratio to Average Net Assets | 0% | 0% |
Class 3a [Member] | Frontier Balanced Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | $ 37 | $ 25 |
Ratio to Average Net Assets | 0.01% | 0.01% |
Class 1AP [Member] | Frontier Balanced Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | $ 29 | $ 21 |
Ratio to Average Net Assets | 0.04% | 0.03% |
Class 1AP [Member] | Frontier Select Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | $ 6 | $ 5 |
Ratio to Average Net Assets | 0.06% | 0.04% |
Class 1AP [Member] | Frontier Global Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | ||
Ratio to Average Net Assets | 0% | 0% |
Class 1AP [Member] | Frontier Heritage Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||
Gross Amount Paid to the Managing Owner | $ 3 | $ 3 |
Ratio to Average Net Assets | 0.03% | 0.03% |
Financial Highlights (Details)
Financial Highlights (Details) - Schedule of financial highlights of trust - The Series of the Frontier Funds [Member] - $ / shares | 3 Months Ended | |||
Mar. 31, 2023 | Mar. 31, 2022 | |||
Class 2 [Member] | Frontier Diversified Fund Class 2 [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 96.37 | $ 88.98 | |
Net operating results: | ||||
Interest income | [1] | 0.04 | 0.04 | |
Expenses | [1] | (0.85) | (0.85) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (17.98) | [2] | 19.64 |
Net income/(loss) | [1] | (18.8) | [2] | 18.83 |
Net asset value | [1] | $ 77.57 | [2] | $ 107.81 |
Ratios to average net assets | ||||
Net investment income/(loss) | (3.74%) | (3.46%) | ||
Expenses before incentive fees | [3],[4] | 3.91% | 3.63% | |
Expenses after incentive fees | [3],[4] | 3.91% | 3.63% | |
Total return before incentive fees | [5] | (19.50%) | [2] | 21.16% |
Total return after incentive fees | [5] | (19.50%) | [2] | 21.16% |
Class 2 [Member] | Frontier Masters Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 94.64 | $ 70.17 | |
Net operating results: | ||||
Interest income | [1] | 0.09 | 0.07 | |
Expenses | [1] | (1.44) | (1.29) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (19.98) | 27.48 | |
Net income/(loss) | [1] | (21.33) | 26.27 | |
Net asset value | [1] | $ 73.31 | $ 96.44 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (6.29%) | (6.16%) | ||
Expenses before incentive fees | [3],[4] | 6.72% | 6.52% | |
Expenses after incentive fees | [3],[4] | 6.72% | 6.52% | |
Total return before incentive fees | [5] | (22.54%) | 37.44% | |
Total return after incentive fees | [5] | (22.54%) | 37.44% | |
Class 2 [Member] | Frontier Long/Short Commodity Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 109.65 | $ 89.97 | |
Net operating results: | ||||
Interest income | [1] | 0.05 | 0.05 | |
Expenses | [1] | (0.37) | (0.64) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (10.15) | 23.4 | |
Net income/(loss) | [1] | (10.47) | 22.81 | |
Net asset value | [1] | $ 99.18 | $ 112.78 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (2.44%) | (2.50%) | ||
Expenses before incentive fees | [3],[4] | 3.04% | 2.70% | |
Expenses after incentive fees | [3],[4] | 2.64% | 2.70% | |
Total return before incentive fees | [5] | (9.95%) | 25.35% | |
Total return after incentive fees | [5] | (9.55%) | 25.35% | |
Class 2 [Member] | Frontier Balanced Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 172.01 | $ 139.4 | |
Net operating results: | ||||
Interest income | [1] | 0.02 | 0 | |
Expenses | [1] | (1.89) | (2.76) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (37.88) | 44.5 | |
Net income/(loss) | [1] | (39.76) | 41.74 | |
Net asset value | [1] | $ 132.25 | $ 181.14 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (4.87%) | (4.98%) | ||
Expenses before incentive fees | [3],[4] | 4.91% | 4.24% | |
Expenses after incentive fees | [3],[4] | 4.91% | 4.98% | |
Total return before incentive fees | [5] | (23.11%) | 30.68% | |
Total return after incentive fees | [5] | (23.11%) | 29.94% | |
Incentive fee per share | $ 1.14 | |||
Incentive Fee to ANA | 0% | 0.74% | ||
Class 2 [Member] | Frontier Select Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 121.7 | $ 105.1 | |
Net operating results: | ||||
Interest income | [1] | 0 | 0 | |
Expenses | [1] | (0.91) | (0.89) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (28.47) | 35.4 | |
Net income/(loss) | [1] | (29.38) | 34.51 | |
Net asset value | [1] | $ 92.32 | $ 139.61 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (3.26%) | (3.09%) | ||
Expenses before incentive fees | [3],[4] | 3.26% | 3.09% | |
Expenses after incentive fees | [3],[4] | 3.26% | 3.09% | |
Total return before incentive fees | [5] | (24.14%) | 32.83% | |
Total return after incentive fees | [5] | (24.14%) | 32.83% | |
Incentive fee per share | ||||
Incentive Fee to ANA | 0% | 0% | ||
Class 2 [Member] | Frontier Global Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 297.25 | $ 170.4 | |
Net operating results: | ||||
Interest income | [1] | 0 | 0 | |
Expenses | [1] | (3.45) | (2.51) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (54.88) | 86.05 | |
Net income/(loss) | [1] | (58.33) | 83.54 | |
Net asset value | [1] | $ 238.92 | $ 253.94 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (5.21%) | (4.95%) | ||
Expenses before incentive fees | [3],[4] | 5.21% | 4.95% | |
Expenses after incentive fees | [3],[4] | 5.21% | 4.95% | |
Total return before incentive fees | [5] | (19.62%) | 49.02% | |
Total return after incentive fees | [5] | (19.62%) | 49.02% | |
Class 2 [Member] | Frontier Heritage Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 265.55 | $ 172.91 | |
Net operating results: | ||||
Interest income | [1] | 0 | 0 | |
Expenses | [1] | (2.68) | (2.08) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (49.21) | 78.9 | |
Net income/(loss) | [1] | (51.89) | 76.82 | |
Net asset value | [1] | $ 213.66 | $ 249.73 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (4.49%) | (4.06%) | ||
Expenses before incentive fees | [3],[4] | 4.49% | 4.06% | |
Expenses after incentive fees | [3],[4] | 4.49% | 4.06% | |
Total return before incentive fees | [5] | (19.54%) | 44.43% | |
Total return after incentive fees | [5] | (19.54%) | 44.43% | |
Class 3 [Member] | Frontier Diversified Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 90.72 | $ 83.56 | |
Net operating results: | ||||
Interest income | [1] | 0.03 | 0.04 | |
Expenses | [1] | (0.8) | (0.8) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (16.87) | 18.5 | |
Net income/(loss) | [1] | (17.64) | 17.74 | |
Net asset value | [1] | $ 73.08 | $ 101.3 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (3.74%) | (3.46%) | ||
Expenses before incentive fees | [3],[4] | 3.91% | 3.63% | |
Expenses after incentive fees | [3],[4] | 3.91% | 3.63% | |
Total return before incentive fees | [5] | (19.45%) | 21.24% | |
Total return after incentive fees | [5] | (19.45%) | 21.24% | |
Class 3 [Member] | Frontier Masters Fund Class [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 89.45 | $ 66.15 | |
Net operating results: | ||||
Interest income | [1] | 0.09 | 0.07 | |
Expenses | [1] | (1.36) | (1.22) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (18.84) | [2] | 25.98 |
Net income/(loss) | [1] | (20.12) | [2] | 24.83 |
Net asset value | [1] | $ 69.33 | [2] | $ 90.98 |
Ratios to average net assets | ||||
Net investment income/(loss) | (6.29%) | (6.16%) | ||
Expenses before incentive fees | [3],[4] | 6.72% | 6.52% | |
Expenses after incentive fees | [3],[4] | 6.72% | 6.52% | |
Total return before incentive fees | [5] | (22.49%) | [2] | 37.53% |
Total return after incentive fees | [5] | (22.49%) | [2] | 37.53% |
Class 3 [Member] | Frontier Long/Short Commodity Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 115.03 | $ 94.38 | |
Net operating results: | ||||
Interest income | [1] | 0.05 | 0.05 | |
Expenses | [1] | (0.39) | (0.67) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (10.65) | 24.55 | |
Net income/(loss) | [1] | (10.99) | 23.93 | |
Net asset value | [1] | $ 104.04 | $ 118.31 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (2.44%) | (2.50%) | ||
Expenses before incentive fees | [3],[4] | 3.04% | 2.70% | |
Expenses after incentive fees | [3],[4] | 3.04% | 2.70% | |
Total return before incentive fees | [5] | (9.95%) | 25.35% | |
Total return after incentive fees | [5] | (9.55%) | 25.35% | |
Class 2a [Member] | Frontier Long/Short Commodity Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 71.93 | $ 58.75 | |
Net operating results: | ||||
Interest income | [1] | 0.03 | 0.03 | |
Expenses | [1] | (0.24) | (0.42) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (6.69) | 15.24 | |
Net income/(loss) | [1] | (6.89) | 14.85 | |
Net asset value | [1] | $ 65.04 | $ 73.6 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (2.44%) | (2.50%) | ||
Expenses before incentive fees | [3],[4] | 3.04% | 2.70% | |
Expenses after incentive fees | [3],[4] | 3.04% | 2.70% | |
Total return before incentive fees | [5] | (9.58%) | 25.28% | |
Total return after incentive fees | [5] | (9.58%) | 25.28% | |
Class 2a [Member] | Frontier Balanced Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 149.47 | $ 120.98 | |
Net operating results: | ||||
Interest income | [1] | 0.01 | 0 | |
Expenses | [1] | (1.64) | (2.39) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (32.89) | 38.66 | |
Net income/(loss) | [1] | (34.51) | 36.26 | |
Net asset value | [1] | $ 114.96 | $ 157.24 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (4.87%) | (4.98%) | ||
Expenses before incentive fees | [3],[4] | 4.91% | 4.24% | |
Expenses after incentive fees | [3],[4] | 4.91% | 4.98% | |
Total return before incentive fees | [5] | (23.09%) | 30.71% | |
Total return after incentive fees | [5] | (23.09%) | 29.97% | |
Incentive fee per share | $ 0.99 | |||
Incentive Fee to ANA | 0% | 0.74% | ||
Class 3a [Member] | Frontier Long/Short Commodity Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 76.29 | $ 62.16 | |
Net operating results: | ||||
Interest income | [1] | 0.04 | 0.03 | |
Expenses | [1] | (0.26) | (0.44) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (7.04) | 16.17 | |
Net income/(loss) | [1] | (7.26) | 15.76 | |
Net asset value | [1] | $ 69.03 | $ 77.92 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (2.70%) | (2.50%) | ||
Expenses before incentive fees | [3],[4] | 3.38% | 2.70% | |
Expenses after incentive fees | [3],[4] | 2.90% | 2.70% | |
Total return before incentive fees | [5] | (10.00%) | 25.36% | |
Total return after incentive fees | [5] | (9.52%) | 25.36% | |
Class 3a [Member] | Frontier Balanced Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 148.96 | $ 120.57 | |
Net operating results: | ||||
Interest income | [1] | 0.01 | 0 | |
Expenses | [1] | (1.63) | (2.39) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (32.78) | 38.52 | |
Net income/(loss) | [1] | (34.39) | 36.14 | |
Net asset value | [1] | $ 114.57 | $ 156.71 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (4.87%) | (4.98%) | ||
Expenses before incentive fees | [3],[4] | 4.91% | 4.24% | |
Expenses after incentive fees | [3],[4] | 4.91% | 4.98% | |
Total return before incentive fees | [5] | (23.09%) | 30.71% | |
Total return after incentive fees | [5] | (23.09%) | 29.97% | |
Incentive fee per share | $ 0.99 | |||
Incentive Fee to ANA | 0% | 0.74% | ||
Class 1 [Member] | Frontier Balanced Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 99.17 | $ 82.82 | |
Net operating results: | ||||
Interest income | [1] | 0.01 | 0 | |
Expenses | [1] | (1.77) | (2.32) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (21.73) | 26.33 | |
Net income/(loss) | [1] | (23.48) | 24 | |
Net asset value | [1] | $ 75.69 | $ 106.82 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (7.95%) | (8.06%) | ||
Expenses before incentive fees | [3],[4] | 7.99% | 7.32% | |
Expenses after incentive fees | [3],[4] | 7.99% | 8.06% | |
Total return before incentive fees | [5] | (23.68%) | 29.72% | |
Total return after incentive fees | [5] | (23.68%) | 28.98% | |
Incentive fee per share | $ 0.67 | |||
Incentive Fee to ANA | 0% | 0.74% | ||
Class 1 [Member] | Frontier Select Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 71.23 | $ 63.39 | |
Net operating results: | ||||
Interest income | [1] | 0 | 0 | |
Expenses | [1] | (1.02) | (1.06) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (16.57) | 21.26 | |
Net income/(loss) | [1] | (17.59) | 20.19 | |
Net asset value | [1] | $ 53.64 | $ 83.58 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (6.25%) | (6.10%) | ||
Expenses before incentive fees | [3],[4] | 6.25% | 6.10% | |
Expenses after incentive fees | [3],[4] | 6.25% | 6.10% | |
Total return before incentive fees | [5] | (24.69%) | 31.86% | |
Total return after incentive fees | [5] | (24.69%) | 31.86% | |
Incentive fee per share | ||||
Incentive Fee to ANA | 0% | 0% | ||
Class 1 [Member] | Frontier Global Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 185.27 | $ 109.45 | |
Net operating results: | ||||
Interest income | [1] | 0 | 0 | |
Expenses | [1] | (3.38) | (2.62) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (34.07) | 55.07 | |
Net income/(loss) | [1] | (37.44) | 52.45 | |
Net asset value | [1] | $ 147.83 | $ 161.9 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (8.20%) | (7.97%) | ||
Expenses before incentive fees | [3],[4] | 8.20% | 7.97% | |
Expenses after incentive fees | [3],[4] | 8.20% | 7.97% | |
Total return before incentive fees | [5] | (20.21%) | 47.92% | |
Total return after incentive fees | [5] | (20.21%) | 47.92% | |
Class 1 [Member] | Frontier Heritage Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 154.14 | $ 103.43 | |
Net operating results: | ||||
Interest income | [1] | 0 | 0 | |
Expenses | [1] | (2.59) | (2.15) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (28.45) | 47 | |
Net income/(loss) | [1] | (31.03) | 44.84 | |
Net asset value | [1] | $ 123.11 | $ 148.27 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (7.48%) | (7.08%) | ||
Expenses before incentive fees | [3],[4] | 7.48% | 7.08% | |
Expenses after incentive fees | [3],[4] | 7.48% | 7.08% | |
Total return before incentive fees | [5] | (20.13%) | 43.35% | |
Total return after incentive fees | [5] | (20.13%) | 43.35% | |
Class 1AP [Member] | Frontier Balanced Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 127.56 | $ 103.38 | |
Net operating results: | ||||
Interest income | [1] | 0.01 | 0 | |
Expenses | [1] | (1.4) | (2.05) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (28.1) | 32.99 | |
Net income/(loss) | [1] | (29.49) | 30.95 | |
Net asset value | [1] | $ 98.07 | $ 134.33 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (4.87%) | (4.98%) | ||
Expenses before incentive fees | [3],[4] | 4.91% | 4.24% | |
Expenses after incentive fees | [3],[4] | 4.91% | 4.98% | |
Total return before incentive fees | [5] | (23.12%) | 30.67% | |
Total return after incentive fees | [5] | (23.12%) | 29.94% | |
Incentive fee per share | $ 0.85 | |||
Incentive Fee to ANA | 0% | 0.74% | ||
Class 1AP [Member] | Frontier Select Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 91.71 | $ 79.21 | |
Net operating results: | ||||
Interest income | [1] | 0 | 0 | |
Expenses | [1] | (0.68) | (0.67) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (21.45) | 26.67 | |
Net income/(loss) | [1] | (22.14) | 25.99 | |
Net asset value | [1] | $ 69.57 | $ 105.2 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (3.26%) | (3.09%) | ||
Expenses before incentive fees | [3],[4] | 3.26% | 3.09% | |
Expenses after incentive fees | [3],[4] | 3.26% | 3.09% | |
Total return before incentive fees | [5] | (24.14%) | 32.82% | |
Total return after incentive fees | [5] | (24.14%) | 32.82% | |
Incentive fee per share | ||||
Incentive Fee to ANA | 0% | 0% | ||
Class 1AP [Member] | Frontier Heritage Fund [Member] | ||||
Per unit operating performance (1) | ||||
Net asset value | [1] | $ 198.42 | $ 129.19 | |
Net operating results: | ||||
Interest income | [1] | 0 | 0 | |
Expenses | [1] | (2) | (1.55) | |
Net gain/(loss) on investments, net of non-controlling interests | [1] | (36.77) | 58.96 | |
Net income/(loss) | [1] | (38.77) | 57.41 | |
Net asset value | [1] | $ 159.65 | $ 186.6 | |
Ratios to average net assets | ||||
Net investment income/(loss) | (4.49%) | (4.06%) | ||
Expenses before incentive fees | [3],[4] | 4.49% | 4.06% | |
Expenses after incentive fees | [3],[4] | 4.49% | 4.06% | |
Total return before incentive fees | [5] | (19.54%) | 44.44% | |
Total return after incentive fees | [5] | (19.54%) | 44.44% | |
[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. Class 1 of Frontier Masters Fund was closed as of April 1, 2021 and Frontier Diversified Fund Class 1 was closed as of July 21, 2021. Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees is included in the total return. 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 Series, see footnote 6. 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 He_3
Derivative Instruments and Hedging Activities (Details) - Frontier Funds [Member] - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Derivative Instruments and Hedging Activities (Details) [Line Items] | ||
Monthly average of forwards, options and futures contracts bought | $ 312 | $ 373 |
Monthly average of forwards, options and futures contracts sold | $ 300 | $ 367 |
Minimum [Member] | ||
Derivative Instruments and Hedging Activities (Details) [Line Items] | ||
Percentage of embedded management fees | 1% | |
Percentage of fair value of swaps and embedded incentive fees | 15% | |
Maximum [Member] | ||
Derivative Instruments and Hedging Activities (Details) [Line Items] | ||
Percentage of embedded management fees | 1.50% | |
Percentage of fair value of swaps and embedded incentive fees | 25% |
Derivative Instruments and He_4
Derivative Instruments and Hedging Activities (Details) - Schedule of averages futures contracts - The Series of Frontier Funds [Member] - Frontier Trading Company I LLC [Member] | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Derivative Instruments and Hedging Activities (Details) - Schedule of averages futures contracts [Line Items] | ||
Derivative Numbers of Instruments Bought | 312 | 373 |
Derivative Numbers of Instruments Sold | 300 | 367 |
Derivative Instruments and He_5
Derivative Instruments and Hedging Activities (Details) - Schedule of consolidated trading revenue from futures, forwards and options - Realized Trading Revenue from Futures, Forwards and Options [Member] - The Series of Frontier Funds [Member] - Frontier Balanced Fund [Member] - USD ($) | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | ||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Realized trading income/(loss) | [1] | $ (286,481) | $ 271,469 |
Agriculturals [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Realized trading income/(loss) | (24,078) | (37,319) | |
Currencies [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Realized trading income/(loss) | (117,002) | 183,465 | |
Energies [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Realized trading income/(loss) | 29,280 | 107,870 | |
Interest rates [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Realized trading income/(loss) | (99,325) | 27,127 | |
Metals [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Realized trading income/(loss) | (14,347) | (188,863) | |
Stock indices [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Realized trading income/(loss) | $ (61,009) | $ 179,189 | |
[1] Amounts recorded in the consolidated statements of operations under net realized gain(loss) on futures forwards and options. |
Derivative Instruments and He_6
Derivative Instruments and Hedging Activities (Details) - Schedule of net trading gain loss - Unrealized Trading Revenue from Futures, Forwards and Options [Member] - The Series of the Frontier Funds [Member] - Frontier Balanced Fund [Member] - USD ($) | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | ||
Derivative Instruments and Hedging Activities (Details) - Schedule of net trading gain loss [Line Items] | |||
Change in unrealized trading income/(loss) | [1] | $ 1,477 | $ 42,742 |
Agriculturals [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of net trading gain loss [Line Items] | |||
Change in unrealized trading income/(loss) | 42,199 | (2,154) | |
Currencies [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of net trading gain loss [Line Items] | |||
Change in unrealized trading income/(loss) | (2,076) | (3,547) | |
Energies [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of net trading gain loss [Line Items] | |||
Change in unrealized trading income/(loss) | (6,460) | 14,760 | |
Interest rates [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of net trading gain loss [Line Items] | |||
Change in unrealized trading income/(loss) | 8,506 | 17,389 | |
Metals [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of net trading gain loss [Line Items] | |||
Change in unrealized trading income/(loss) | 12,781 | 15,429 | |
Stock indices [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of net trading gain loss [Line Items] | |||
Change in unrealized trading income/(loss) | $ (53,473) | $ 865 | |
[1] Amounts recorded in the consolidated statements of operations under net change in open trade equity/(deficit) |
Derivative Instruments and He_7
Derivative Instruments and Hedging Activities (Details) - Schedule of gross and net information about the trust's assets and liabilities - Open Trade Equity/(Deficit) [Member] - Frontier Balanced Fund [Member] - The Series of Frontier Funds [Member] - USD ($) | Mar. 31, 2023 | Mar. 31, 2022 |
Derivative Instruments and Hedging Activities (Details) - Schedule of gross and net information about the trust's assets and liabilities [Line Items] | ||
Gross Amounts of recognized Derivative Assets/Liabilities | $ 138,206 | $ 3,438 |
Gross Amounts offset in the Consolidated Statements of Financial Condition | (135,059) | (1,768) |
Net Amounts Presented in the Consolidated Statements of Financial Condition | $ 3,147 | $ 1,670 |
Trading Activities and Relate_2
Trading Activities and Related Risks (Details) | 3 Months Ended |
Mar. 31, 2023 | |
Trading Activities and Related Risks (Details) [Line Items] | |
Loss realized | 100% |
Margin to equity | 35% |
Frontier Funds [Member] | |
Trading Activities and Related Risks (Details) [Line Items] | |
Loss realized | 100% |
Margin to equity | 35% |
Subsequent Events (Details)
Subsequent Events (Details) - Subsequent Event [Member] | 1 Months Ended |
May 15, 2023 USD ($) | |
Subsequent Events (Details) [Line Items] | |
Redemptions payable | $ 403,213 |
Frontier Balanced Fund [Member] | |
Subsequent Events (Details) [Line Items] | |
Redemptions payable | 44,095 |
Frontier Diversified Fund [Member] | |
Subsequent Events (Details) [Line Items] | |
Redemptions payable | 137,507 |
Frontier Heritage Fund [Member] | |
Subsequent Events (Details) [Line Items] | |
Redemptions payable | 11,034 |
Frontier Long/Short Commodity Fund [Member] | |
Subsequent Events (Details) [Line Items] | |
Redemptions payable | 72,352 |
Frontier Masters Fund [Member] | |
Subsequent Events (Details) [Line Items] | |
Redemptions payable | 10,155 |
Frontier Select Fund [Member] | |
Subsequent Events (Details) [Line Items] | |
Redemptions payable | 81,841 |
Frontier Global Fund [Member] | |
Subsequent Events (Details) [Line Items] | |
Redemptions payable | $ 46,229 |
Fair Value Measurements (Deta_3
Fair Value Measurements (Details) - Schedule of valuation inputs within the fair value hierarchy utilized to measure fair value - Frontier Funds [Member] - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Fair Value Measurements (Details) - Schedule of valuation inputs within the fair value hierarchy utilized to measure fair value [Line Items] | ||
Open Trade Equity (Deficit) | $ 3,147 | $ 1,670 |
U.S. Treasury Securities | 22,967 | 389,520 |
Level 1 Inputs [Member] | ||
Fair Value Measurements (Details) - Schedule of valuation inputs within the fair value hierarchy utilized to measure fair value [Line Items] | ||
Open Trade Equity (Deficit) | 3,147 | 1,670 |
U.S. Treasury Securities | 22,967 | 389,520 |
Level 2 Inputs [Member] | ||
Fair Value Measurements (Details) - Schedule of valuation inputs within the fair value hierarchy utilized to measure fair value [Line Items] | ||
Open Trade Equity (Deficit) | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | ||
Fair Value Measurements (Details) - Schedule of valuation inputs within the fair value hierarchy utilized to measure fair value [Line Items] | ||
Open Trade Equity (Deficit) | ||
U.S. Treasury Securities |
Investments in Private Investme
Investments in Private Investment Companies (Details) - Schedule of trust’s equity in earnings from each of the private investment - Frontier Funds [Member] - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Investments in Private Investment Companies (Details) - Schedule of trust’s equity in earnings from each of the private investment [Line Items] | ||
Trading Commissions | $ (26,586) | $ (36,903) |
Realized Gain/(Loss) | 254,335 | 5,604,948 |
Change in Unrealized Gain/(Loss) | (4,152,939) | 840,882 |
Net Income (Loss) | (3,925,190) | 6,408,927 |
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | ||
Investments in Private Investment Companies (Details) - Schedule of trust’s equity in earnings from each of the private investment [Line Items] | ||
Trading Commissions | (5,837) | (4,059) |
Realized Gain/(Loss) | 193,668 | 2,577,640 |
Change in Unrealized Gain/(Loss) | (1,628,123) | 359,865 |
Net Income (Loss) | (1,440,292) | 2,933,446 |
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | ||
Investments in Private Investment Companies (Details) - Schedule of trust’s equity in earnings from each of the private investment [Line Items] | ||
Trading Commissions | (1,961) | (5,786) |
Realized Gain/(Loss) | (130,682) | (1,136,665) |
Change in Unrealized Gain/(Loss) | 13,972 | 167,524 |
Net Income (Loss) | (118,671) | (974,927) |
Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | ||
Investments in Private Investment Companies (Details) - Schedule of trust’s equity in earnings from each of the private investment [Line Items] | ||
Trading Commissions | (111) | (270) |
Realized Gain/(Loss) | 1,090 | 70,364 |
Change in Unrealized Gain/(Loss) | (3,439) | (7,272) |
Net Income (Loss) | (2,460) | 62,822 |
Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | ||
Investments in Private Investment Companies (Details) - Schedule of trust’s equity in earnings from each of the private investment [Line Items] | ||
Trading Commissions | (6,020) | (5,068) |
Realized Gain/(Loss) | (8,331) | 872,309 |
Change in Unrealized Gain/(Loss) | (300,014) | 101,706 |
Net Income (Loss) | (314,365) | 968,947 |
Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | ||
Investments in Private Investment Companies (Details) - Schedule of trust’s equity in earnings from each of the private investment [Line Items] | ||
Trading Commissions | (2,177) | (3,235) |
Realized Gain/(Loss) | 57,707 | 712,120 |
Change in Unrealized Gain/(Loss) | (539,645) | 256,288 |
Net Income (Loss) | (484,115) | 965,173 |
Galaxy Plus Fund - Quest Fit Feeder Fund (535) LLC [Member] | ||
Investments in Private Investment Companies (Details) - Schedule of trust’s equity in earnings from each of the private investment [Line Items] | ||
Trading Commissions | ||
Realized Gain/(Loss) | 7,697 | |
Change in Unrealized Gain/(Loss) | (36,516) | 67,491 |
Net Income (Loss) | (28,819) | 67,491 |
Galaxy Plus Fund - TT Feeder Fund (531) LLC [Member] | ||
Investments in Private Investment Companies (Details) - Schedule of trust’s equity in earnings from each of the private investment [Line Items] | ||
Trading Commissions | ||
Realized Gain/(Loss) | ||
Change in Unrealized Gain/(Loss) | (242) | |
Net Income (Loss) | (242) | |
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||
Investments in Private Investment Companies (Details) - Schedule of trust’s equity in earnings from each of the private investment [Line Items] | ||
Trading Commissions | (8,660) | (15,069) |
Realized Gain/(Loss) | 173,493 | 1,439,330 |
Change in Unrealized Gain/(Loss) | (1,013,843) | 275,941 |
Net Income (Loss) | (849,010) | 1,700,202 |
Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) [Member] | ||
Investments in Private Investment Companies (Details) - Schedule of trust’s equity in earnings from each of the private investment [Line Items] | ||
Trading Commissions | ||
Realized Gain/(Loss) | ||
Change in Unrealized Gain/(Loss) | 86,500 | |
Net Income (Loss) | 86,500 | |
Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | ||
Investments in Private Investment Companies (Details) - Schedule of trust’s equity in earnings from each of the private investment [Line Items] | ||
Trading Commissions | (252) | (2,454) |
Realized Gain/(Loss) | (763) | (268,651) |
Change in Unrealized Gain/(Loss) | (32,231) | 336,523 |
Net Income (Loss) | (33,246) | 65,418 |
Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC [Member] | ||
Investments in Private Investment Companies (Details) - Schedule of trust’s equity in earnings from each of the private investment [Line Items] | ||
Trading Commissions | (1,568) | (962) |
Realized Gain/(Loss) | (39,544) | 1,338,501 |
Change in Unrealized Gain/(Loss) | (613,100) | (803,442) |
Net Income (Loss) | $ (654,212) | $ 534,097 |
Investments in Private Invest_2
Investments in Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions - Frontier Funds [Member] | 3 Months Ended |
Mar. 31, 2023 | |
Multi-Strategy [Member] | ‣ Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - LRR Feeder Fund (552) LLC) [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Financial Highlights (Details_2
Financial Highlights (Details) - Schedule of financial highlights of trust - Frontier Funds [Member] | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | ||
Ratios to average net assets (1) | |||
Net investment income/(loss) | [1] | (6.43%) | (6.50%) |
Expenses before incentive fees | [1],[2] | 6.52% | 6.20% |
Expenses after incentive fees | [1],[2] | 6.50% | 6.55% |
Total return before incentive fees | [3] | (23.24%) | 29.11% |
Total return after incentive fees | [3] | (23.21%) | 28.76% |
[1] Annualized with the exception of incentive fees. Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Combined Consolidated Statements of Operations of the Trust. See footnote 6. Total returns are not annualized. |
Derivative Instruments and He_8
Derivative Instruments and Hedging Activities (Details) - Schedule of realized trading revenue from futures, forwards and options - Frontier Funds [Member] - Net realized Gain(Loss) on Futures Forwards and Options [Member] - USD ($) | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | ||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Realized trading income/(loss) | [1] | $ (286,481) | $ 271,469 |
Agriculturals [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Realized trading income/(loss) | (24,078) | (37,319) | |
Currencies [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Realized trading income/(loss) | (117,002) | 183,465 | |
Energies [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Realized trading income/(loss) | 29,280 | 107,870 | |
Interest rates [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Realized trading income/(loss) | (99,325) | 27,127 | |
Metals [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Realized trading income/(loss) | (14,347) | (188,863) | |
Stock indices [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Realized trading income/(loss) | $ (61,009) | $ 179,189 | |
[1] Amounts recorded in the combined consolidated statements of operations under net realized gain(loss) on futures forwards and options. |
Derivative Instruments and He_9
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options - Net Change in Open Trade Equity from Futures, Forwards and Options [Member] - Frontier Fund [Member] - USD ($) | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | ||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||
Change in unrealized trading income/(loss) | [1] | $ 1,477 | $ 42,742 |
Agriculturals [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||
Change in unrealized trading income/(loss) | 42,199 | (2,154) | |
Currencies [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||
Change in unrealized trading income/(loss) | (2,076) | (3,547) | |
Energies [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||
Change in unrealized trading income/(loss) | (6,460) | 14,760 | |
Interest rates [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||
Change in unrealized trading income/(loss) | 8,506 | 17,389 | |
Metals [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||
Change in unrealized trading income/(loss) | 12,781 | 15,429 | |
Stock indices [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||
Change in unrealized trading income/(loss) | $ (53,473) | $ 865 | |
[1] Amounts recorded in the combined consolidated statements of operations under net change in open trade equity/(deficit). |
Derivative Instruments and H_10
Derivative Instruments and Hedging Activities (Details) - Schedule of gross and net information about the trust's assets and liabilities - Frontier Funds [Member] - Open Trade Equity/(Deficit) [Member] - USD ($) | Mar. 31, 2023 | Mar. 31, 2022 |
Derivative Instruments and Hedging Activities (Details) - Schedule of gross and net information about the trust's assets and liabilities [Line Items] | ||
Gross Amounts of recognized Derivative Assets | $ 138,206 | $ 3,438 |
Gross Amounts offset in the Statements of Financial Condition | (135,059) | (1,768) |
Net Amounts Presented in the Statements of Financial Condition | $ 3,147 | $ 1,670 |