Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended |
Sep. 30, 2013 | |
Document And Entity Information [Abstract] | ' |
Document Type | '10-Q |
Amendment Flag | 'false |
Document Period End Date | 30-Sep-13 |
Document Fiscal Year Focus | '2013 |
Document Fiscal Period Focus | 'Q3 |
Entity Registrant Name | 'FRONTIER FUND |
Entity Central Index Key | '0001261379 |
Current Fiscal Year End Date | '--12-31 |
Entity Filer Category | 'Non-accelerated Filer |
Entity Common Stock, Shares Outstanding | 0 |
Statements_of_Financial_Condit
Statements of Financial Condition (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
The Frontier Fund [Member] | ' | ' | ||
ASSETS | ' | ' | ||
Cash and cash equivalents | $6,977,345 | $17,094,782 | ||
U.S. Treasury securities, at fair value | ' | 18,001,322 | ||
Custom time deposits | 235,460,358 | 311,468,033 | ||
Receivable from futures commission merchants | 66,740,407 | 148,029,229 | ||
Open trade equity, at fair value | 6,943,192 | 12,116,649 | ||
Swap contracts, at fair value | 17,152,321 | 22,289,479 | ||
Prepaid service fees | 38,307 | 140,203 | ||
Interest receivable | 985 | 251,630 | ||
Receivable from related parties | 3,420 | ' | ||
Other assets | 50 | 35,043 | ||
Total Assets | 333,316,385 | 529,426,370 | ||
LIABILITIES | ' | ' | ||
Open trade deficit, at fair value | ' | ' | ||
Options written, at fair value | 1,586,908 | 4,199,198 | ||
Pending owner additions | 95,106 | 160,672 | ||
Owner redemptions payable | 1,533,440 | 1,430,638 | ||
Incentive fees payable to Managing Owner | ' | 732,119 | ||
Management fees payable to Managing Owner | 601,625 | 1,003,663 | ||
Interest payable to Managing Owner | 393,822 | 569,115 | ||
Trading fees payable to Managing Owner | 398,688 | 602,333 | ||
Service fees payable to Managing Owner | 436,778 | 652,500 | ||
Payables to related parties | 10,884 | 38,925 | ||
Other liabilities | 1,414 | 51,484 | ||
Total Liabilities | 5,058,665 | 9,440,647 | ||
Managing Owner Units | 4,915,327 | 6,287,766 | ||
Limited Owner Units | 323,342,393 | 513,697,957 | ||
Total Capital | 328,257,720 | 519,985,723 | ||
Total Liabilities and Capital | 333,316,385 | 529,426,370 | ||
Winton Series [Member] | ' | ' | ||
ASSETS | ' | ' | ||
Cash and cash equivalents | 858,214 | 1,249,455 | ||
U.S. Treasury securities, at fair value | ' | 1,808,547 | ||
Custom time deposits | 29,212,841 | 31,292,395 | ||
Investments in unconsolidated trading companies, at fair value | 6,712,629 | 6,865,965 | ||
Interest receivable | 122 | 25,350 | ||
Receivable from related parties | ' | ' | ||
Other assets | ' | ' | ||
Total Assets | 36,783,806 | 41,241,712 | ||
LIABILITIES | ' | ' | ||
Pending owner additions | 13,280 | 15,044 | ||
Owner redemptions payable | 165,770 | 22,467 | ||
Management fees payable to Managing Owner | 87,013 | 86,138 | ||
Interest payable to Managing Owner | 62,052 | 69,369 | ||
Trading fees payable to Managing Owner | 23,305 | 26,041 | ||
Service fees payable to Managing Owner | 52,149 | 62,556 | ||
Payables to related parties | 2,070 | 563 | ||
Other liabilities | ' | ' | ||
Total Liabilities | 405,639 | 282,178 | ||
Total Capital | 36,378,167 | 40,959,534 | ||
Total Liabilities and Capital | 36,783,806 | 41,241,712 | ||
Total Owners' Capital | 36,378,167 | 40,959,534 | ||
Non-Controlling Interests | ' | ' | ||
Winton Series [Member] | Total Owner Class 1 [Member] | ' | ' | ||
Units Outstanding | 205,176 | 234,414 | ||
Net Asset Value per Unit | 129.62 | 130.73 | ||
Winton Series [Member] | Managing Owner Class 2 [Member] | ' | ' | ||
Units Outstanding | 207 | 207 | ||
LIABILITIES | ' | ' | ||
Managing Owner Units | 33,179 | 32,721 | ||
Total Capital | 33,179 | 32,721 | ||
Winton Series [Member] | Limited Owners Class 1 [Member] | ' | ' | ||
Units Outstanding | 205,176 | 234,414 | ||
LIABILITIES | ' | ' | ||
Limited Owner Units | 26,594,221 | 30,645,208 | ||
Total Capital | 26,594,221 | 30,645,208 | ||
Winton Series [Member] | Limited Owners Class 2 [Member] | ' | ' | ||
Units Outstanding | 60,749 | 64,952 | ||
LIABILITIES | ' | ' | ||
Limited Owner Units | 9,750,767 | 10,281,605 | ||
Total Capital | 9,750,767 | 10,281,605 | ||
Winton Series [Member] | Total Owner Class 2 [Member] | ' | ' | ||
Units Outstanding | 60,956 | 65,159 | ||
Net Asset Value per Unit | 160.51 | 158.3 | ||
Frontier Heritage Series [Member] | ' | ' | ||
ASSETS | ' | ' | ||
Cash and cash equivalents | 347,039 | [1] | 536,159 | [1] |
U.S. Treasury securities, at fair value | ' | [1] | 776,073 | [1] |
Custom time deposits | 11,812,899 | [1] | 13,428,015 | [1] |
Investments in unconsolidated trading companies, at fair value | 2,958,796 | [1] | 6,174,855 | [1] |
Interest receivable | 49 | [1] | 10,878 | [1] |
Receivable from related parties | ' | [1] | ' | [1] |
Other assets | ' | [1] | ' | [1] |
Total Assets | 15,118,783 | [1] | 20,925,980 | [1] |
LIABILITIES | ' | ' | ||
Pending owner additions | 2,732 | [1] | 3,976 | [1] |
Owner redemptions payable | 21,205 | [1] | 18,231 | [1] |
Incentive fees payable to Managing Owner | ' | ' | ||
Management fees payable to Managing Owner | 24,337 | [1] | 63,642 | [1] |
Interest payable to Managing Owner | 26,236 | [1] | 35,011 | [1] |
Trading fees payable to Managing Owner | 9,847 | [1] | 13,148 | [1] |
Service fees payable to Managing Owner | 27,616 | [1] | 38,116 | [1] |
Payables to related parties | 861 | [1] | 317 | [1] |
Other liabilities | ' | [1] | ' | [1] |
Total Liabilities | 112,834 | [1] | 172,441 | [1] |
Total Capital | 15,005,949 | [1] | 20,753,539 | [1] |
Total Liabilities and Capital | 15,118,783 | [1] | 20,925,980 | [1] |
Total Owners' Capital | 15,005,949 | [1] | 20,753,539 | [1] |
Non-Controlling Interests | ' | [1] | ' | [1] |
Frontier Heritage Series [Member] | Total Owner Class 1 [Member] | ' | ' | ||
Units Outstanding | 125,316 | [1] | 176,419 | [1] |
Net Asset Value per Unit | 95.55 | [1] | 94.55 | [1] |
Frontier Heritage Series [Member] | Managing Owner Class 2 [Member] | ' | ' | ||
Units Outstanding | 428 | [1] | 428 | [1] |
LIABILITIES | ' | ' | ||
Managing Owner Units | 53,418 | [1] | 51,683 | [1] |
Total Capital | 53,418 | [1] | 51,683 | [1] |
Frontier Heritage Series [Member] | Limited Owners Class 1 [Member] | ' | ' | ||
Units Outstanding | 125,316 | [1] | 176,419 | [1] |
LIABILITIES | ' | ' | ||
Limited Owner Units | 11,974,513 | [1] | 16,680,498 | [1] |
Total Capital | 11,974,513 | [1] | 16,680,498 | [1] |
Frontier Heritage Series [Member] | Limited Owners Class 2 [Member] | ' | ' | ||
Units Outstanding | 23,878 | [1] | 33,325 | [1] |
LIABILITIES | ' | ' | ||
Limited Owner Units | 2,978,018 | [1] | 4,021,358 | [1] |
Total Capital | 2,978,018 | [1] | 4,021,358 | [1] |
Frontier Heritage Series [Member] | Total Owner Class 2 [Member] | ' | ' | ||
Units Outstanding | 24,306 | [1] | 33,753 | [1] |
Net Asset Value per Unit | 124.72 | [1] | 120.67 | [1] |
Balanced Series [Member] | ' | ' | ||
ASSETS | ' | ' | ||
Cash and cash equivalents | 2,438,659 | 4,111,855 | ||
U.S. Treasury securities, at fair value | ' | 5,951,633 | ||
Custom time deposits | 83,009,823 | 102,978,191 | ||
Receivable from futures commission merchants | 20,948,268 | 92,043,593 | ||
Swap contracts, at fair value | 7,410,271 | 22,289,478 | ||
Prepaid service fees | 423 | ' | ||
Investments in unconsolidated trading companies, at fair value | 17,588,160 | 20,193,128 | ||
Interest receivable | 348 | 83,422 | ||
Receivable from related parties | ' | 17,313 | ||
Other assets | 50 | 34,301 | ||
Total Assets | 131,396,002 | 247,702,914 | ||
LIABILITIES | ' | ' | ||
Open trade deficit, at fair value | 197,674 | 672,511 | ||
Options written, at fair value | 467,791 | 165,363 | ||
Pending owner additions | 14,800 | 34,831 | ||
Owner redemptions payable | 760,835 | 342,417 | ||
Incentive fees payable to Managing Owner | ' | 527,306 | ||
Management fees payable to Managing Owner | 92,310 | 193,155 | ||
Interest payable to Managing Owner | 207,056 | 330,341 | ||
Trading fees payable to Managing Owner | 79,628 | 132,875 | ||
Service fees payable to Managing Owner | 202,653 | 332,942 | ||
Payables to related parties | 6,268 | 1,490 | ||
Other liabilities | 1,387 | ' | ||
Total Liabilities | 2,030,402 | 2,733,231 | ||
Total Capital | 129,365,600 | 244,969,683 | ||
Total Liabilities and Capital | 131,396,002 | 247,702,914 | ||
Total Owners' Capital | 121,078,809 | 200,152,750 | ||
Non-Controlling Interests | 8,286,791 | 44,816,933 | ||
Balanced Series [Member] | Total Owner Class 1 [Member] | ' | ' | ||
Units Outstanding | 883,942 | 1,237,173 | ||
Net Asset Value per Unit | 97.72 | 116.32 | ||
Balanced Series [Member] | Managing Owner Class 2 [Member] | ' | ' | ||
Units Outstanding | 17,464 | 21,620 | ||
LIABILITIES | ' | ' | ||
Managing Owner Units | 2,238,810 | 3,225,784 | ||
Total Capital | 2,238,810 | 3,225,784 | ||
Balanced Series [Member] | Managing Owner Class 2a [Member] | ' | ' | ||
Units Outstanding | 1,237 | 1,237 | ||
LIABILITIES | ' | ' | ||
Managing Owner Units | 133,769 | 153,884 | ||
Total Capital | 133,769 | 153,884 | ||
Balanced Series [Member] | Limited Owners Class 1 [Member] | ' | ' | ||
Units Outstanding | 883,942 | 1,237,173 | ||
LIABILITIES | ' | ' | ||
Limited Owner Units | 86,381,929 | 143,906,872 | ||
Total Capital | 86,381,929 | 143,906,872 | ||
Balanced Series [Member] | Limited Owners Class 2 [Member] | ' | ' | ||
Units Outstanding | 230,262 | 323,274 | ||
LIABILITIES | ' | ' | ||
Limited Owner Units | 29,518,614 | 48,233,784 | ||
Total Capital | 29,518,614 | 48,233,784 | ||
Balanced Series [Member] | Limited Owners Class 2a [Member] | ' | ' | ||
Units Outstanding | 4,688 | 6,880 | ||
LIABILITIES | ' | ' | ||
Limited Owner Units | 506,762 | 855,636 | ||
Total Capital | 506,762 | 855,636 | ||
Balanced Series [Member] | Limited Owners Class 3a [Member] | ' | ' | ||
Units Outstanding | 21,335 | 30,469 | ||
LIABILITIES | ' | ' | ||
Limited Owner Units | 2,298,925 | 3,776,790 | ||
Total Capital | 2,298,925 | 3,776,790 | ||
Balanced Series [Member] | Total Owner Class 2 [Member] | ' | ' | ||
Units Outstanding | 247,726 | 344,894 | ||
Net Asset Value per Unit | 128.2 | 149.2 | ||
Balanced Series [Member] | Total Owner Class 2a [Member] | ' | ' | ||
Units Outstanding | 5,925 | 8,117 | ||
Net Asset Value per Unit | 108.11 | 124.36 | ||
Balanced Series [Member] | Total Owner Class 3a [Member] | ' | ' | ||
Units Outstanding | 21,335 | 30,469 | ||
Net Asset Value per Unit | 107.75 | 123.96 | ||
Frontier Select Series [Member] | ' | ' | ||
ASSETS | ' | ' | ||
Cash and cash equivalents | 430,385 | [2] | 664,310 | [2] |
U.S. Treasury securities, at fair value | ' | 961,568 | [2] | |
Custom time deposits | 14,649,926 | [2] | 16,637,538 | [2] |
Investments in unconsolidated trading companies, at fair value | 4,343,695 | [2] | 7,373,509 | [2] |
Interest receivable | 61 | [2] | 13,478 | [2] |
Total Assets | 19,424,067 | [2] | 25,650,403 | [2] |
LIABILITIES | ' | ' | ||
Pending owner additions | 940 | [2] | 1,522 | [2] |
Owner redemptions payable | 15,072 | [2] | 40,093 | [2] |
Management fees payable to Managing Owner | 45,546 | [2] | 103,089 | [2] |
Interest payable to Managing Owner | 33,837 | [2] | 42,764 | [2] |
Trading fees payable to Managing Owner | 12,681 | [2] | 16,057 | [2] |
Service fees payable to Managing Owner | 42,233 | [2] | 54,702 | [2] |
Payables to related parties | 322 | [2] | 47,535 | [2] |
Total Liabilities | 150,631 | [2] | 305,762 | [2] |
Total Capital | 19,273,436 | [2] | 25,344,641 | [2] |
Total Liabilities and Capital | 19,424,067 | [2] | 25,650,403 | [2] |
Total Owners' Capital | 19,273,436 | [2] | 25,344,641 | [2] |
Frontier Select Series [Member] | Total Owner Class 1 [Member] | ' | ' | ||
Units Outstanding | 223,714 | [2] | 283,073 | [2] |
Net Asset Value per Unit | 76.02 | [2] | 78.66 | [2] |
Frontier Select Series [Member] | Managing Owner Class 2 [Member] | ' | ' | ||
Units Outstanding | 70 | [2] | 70 | [2] |
LIABILITIES | ' | ' | ||
Managing Owner Units | 6,931 | [2] | 7,013 | [2] |
Total Capital | 6,931 | [2] | 7,013 | [2] |
Frontier Select Series [Member] | Limited Owners Class 1 [Member] | ' | ' | ||
Units Outstanding | 223,714 | [2] | 283,073 | [2] |
LIABILITIES | ' | ' | ||
Limited Owner Units | 17,006,881 | [2] | 22,266,758 | [2] |
Total Capital | 17,006,881 | [2] | 22,266,758 | [2] |
Frontier Select Series [Member] | Limited Owners Class 2 [Member] | ' | ' | ||
Units Outstanding | 22,966 | [2] | 30,848 | [2] |
LIABILITIES | ' | ' | ||
Limited Owner Units | 2,259,624 | [2] | 3,070,870 | [2] |
Total Capital | 2,259,624 | [2] | 3,070,870 | [2] |
Frontier Select Series [Member] | Total Owner Class 2 [Member] | ' | ' | ||
Units Outstanding | 23,036 | [2] | 30,918 | [2] |
Net Asset Value per Unit | 98.39 | [2] | 99.55 | [2] |
Frontier Diversified Series [Member] | ' | ' | ||
ASSETS | ' | ' | ||
Cash and cash equivalents | 1,381,083 | 2,681,889 | ||
U.S. Treasury securities, at fair value | ' | 3,853,000 | ||
Custom time deposits | 44,968,522 | 66,875,140 | ||
Swap contracts, at fair value | 2,413,658 | ' | ||
Investments in unconsolidated trading companies, at fair value | 19,964,338 | 42,826,426 | ||
Interest receivable | 188 | 54,006 | ||
Receivable from related parties | 1,388 | 114,481 | ||
Total Assets | 68,739,090 | 116,445,177 | ||
LIABILITIES | ' | ' | ||
Pending owner additions | 62,060 | 23,900 | ||
Owner redemptions payable | 358,273 | 521,439 | ||
Incentive fees payable to Managing Owner | ' | 189,903 | ||
Management fees payable to Managing Owner | 101,464 | 150,188 | ||
Interest payable to Managing Owner | 30,460 | 41,394 | ||
Trading fees payable to Managing Owner | 149,772 | 228,169 | ||
Service fees payable to Managing Owner | 54,639 | 89,177 | ||
Payables to related parties | ' | 19,435 | ||
Total Liabilities | 756,668 | 1,263,605 | ||
Total Capital | 67,982,422 | 115,181,572 | ||
Total Liabilities and Capital | 68,739,090 | 116,445,177 | ||
Total Owners' Capital | 67,982,422 | 115,181,572 | ||
Frontier Diversified Series [Member] | Total Owner Class 1 [Member] | ' | ' | ||
Units Outstanding | 433,157 | 625,015 | ||
Net Asset Value per Unit | 78.13 | 94.4 | ||
ASSETS | ' | ' | ||
Prepaid service fees | 9,913 | 40,235 | ||
Frontier Diversified Series [Member] | Managing Owner Class 1 [Member] | ' | ' | ||
Units Outstanding | 275 | 275 | ||
LIABILITIES | ' | ' | ||
Managing Owner Units | 21,486 | 25,959 | ||
Total Capital | 21,486 | 25,959 | ||
Frontier Diversified Series [Member] | Managing Owner Class 2 [Member] | ' | ' | ||
Units Outstanding | 14,301 | 14,301 | ||
LIABILITIES | ' | ' | ||
Managing Owner Units | 1,205,022 | 1,436,973 | ||
Total Capital | 1,205,022 | 1,436,973 | ||
Frontier Diversified Series [Member] | Limited Owners Class 1 [Member] | ' | ' | ||
Units Outstanding | 432,882 | 624,740 | ||
LIABILITIES | ' | ' | ||
Limited Owner Units | 33,821,461 | 58,973,977 | ||
Total Capital | 33,821,461 | 58,973,977 | ||
Frontier Diversified Series [Member] | Limited Owners Class 2 [Member] | ' | ' | ||
Units Outstanding | 390,859 | 544,826 | ||
LIABILITIES | ' | ' | ||
Limited Owner Units | 32,934,453 | 54,744,663 | ||
Total Capital | 32,934,453 | 54,744,663 | ||
Frontier Diversified Series [Member] | Total Owner Class 2 [Member] | ' | ' | ||
Units Outstanding | 405,160 | 559,127 | ||
Net Asset Value per Unit | 84.26 | 100.48 | ||
Frontier Masters Series [Member] | ' | ' | ||
ASSETS | ' | ' | ||
Cash and cash equivalents | 827,898 | 1,542,661 | ||
U.S. Treasury securities, at fair value | ' | 2,212,909 | ||
Custom time deposits | 28,180,906 | 38,288,877 | ||
Investments in unconsolidated trading companies, at fair value | 8,927,278 | 9,771,797 | ||
Interest receivable | 118 | 31,017 | ||
Receivable from related parties | ' | 38,735 | ||
Total Assets | 37,956,300 | 51,943,272 | ||
LIABILITIES | ' | ' | ||
Pending owner additions | 1,289 | 15,449 | ||
Owner redemptions payable | 158,560 | 141,453 | ||
Management fees payable to Managing Owner | 98,876 | 118,274 | ||
Interest payable to Managing Owner | 14,883 | 20,028 | ||
Trading fees payable to Managing Owner | 80,808 | 104,852 | ||
Service fees payable to Managing Owner | 39,713 | 47,423 | ||
Payables to related parties | 1,361 | 9,635 | ||
Total Liabilities | 395,490 | 457,114 | ||
Total Capital | 37,560,810 | 51,486,158 | ||
Total Liabilities and Capital | 37,956,300 | 51,943,272 | ||
Total Owners' Capital | 37,560,810 | 51,486,158 | ||
Frontier Masters Series [Member] | Total Owner Class 1 [Member] | ' | ' | ||
Units Outstanding | 299,434 | 342,249 | ||
Net Asset Value per Unit | 87.87 | 101.11 | ||
ASSETS | ' | ' | ||
Prepaid service fees | 20,100 | 57,276 | ||
Frontier Masters Series [Member] | Managing Owner Class 1 [Member] | ' | ' | ||
Units Outstanding | 275 | 275 | ||
LIABILITIES | ' | ' | ||
Managing Owner Units | 24,163 | 27,804 | ||
Total Capital | 24,163 | 27,804 | ||
Frontier Masters Series [Member] | Managing Owner Class 2 [Member] | ' | ' | ||
Units Outstanding | 5,627 | 5,627 | ||
LIABILITIES | ' | ' | ||
Managing Owner Units | 533,151 | 605,508 | ||
Total Capital | 533,151 | 605,508 | ||
Frontier Masters Series [Member] | Limited Owners Class 1 [Member] | ' | ' | ||
Units Outstanding | 299,159 | 341,974 | ||
LIABILITIES | ' | ' | ||
Limited Owner Units | 26,286,114 | 34,575,695 | ||
Total Capital | 26,286,114 | 34,575,695 | ||
Frontier Masters Series [Member] | Limited Owners Class 2 [Member] | ' | ' | ||
Units Outstanding | 113,112 | 151,262 | ||
LIABILITIES | ' | ' | ||
Limited Owner Units | 10,717,382 | 16,277,151 | ||
Total Capital | 10,717,382 | 16,277,151 | ||
Frontier Masters Series [Member] | Total Owner Class 2 [Member] | ' | ' | ||
Units Outstanding | 118,739 | 156,889 | ||
Net Asset Value per Unit | 94.75 | 107.61 | ||
Frontier Long/Short Commodity Series [Member] | ' | ' | ||
Units Outstanding | ' | ' | ||
ASSETS | ' | ' | ||
Cash and cash equivalents | 693,230 | 1,710,151 | ||
U.S. Treasury securities, at fair value | ' | 2,388,540 | ||
Custom time deposits | 23,596,948 | 41,327,739 | ||
Receivable from futures commission merchants | 6,922,041 | 14,770,973 | ||
Swap contracts, at fair value | 2,819,497 | ' | ||
Investments in unconsolidated trading companies, at fair value | ' | 3,675,238 | ||
Interest receivable | 99 | 33,479 | ||
Receivable from related parties | 2,032 | 549 | ||
Total Assets | 34,041,718 | 63,948,673 | ||
LIABILITIES | ' | ' | ||
Open trade deficit, at fair value | 200,291 | 819,535 | ||
Options written, at fair value | 29,302 | 928,690 | ||
Pending owner additions | ' | 62,537 | ||
Owner redemptions payable | 53,464 | 344,538 | ||
Management fees payable to Managing Owner | 152,047 | 277,379 | ||
Interest payable to Managing Owner | 19,227 | 26,319 | ||
Trading fees payable to Managing Owner | 42,620 | 79,400 | ||
Service fees payable to Managing Owner | 17,705 | 24,074 | ||
Payables to related parties | ' | 34,037 | ||
Other liabilities | 356 | ' | ||
Total Liabilities | 515,012 | 2,596,509 | ||
Total Capital | 33,526,706 | 61,352,164 | ||
Total Liabilities and Capital | 34,041,718 | 63,948,673 | ||
Total Owners' Capital | 30,936,566 | 56,525,481 | ||
Non-Controlling Interests | 2,590,140 | 4,826,683 | ||
Frontier Long/Short Commodity Series [Member] | Total Owner Class 1 [Member] | ' | ' | ||
Net Asset Value per Unit | ' | 135.41 | [3] | |
ASSETS | ' | ' | ||
Prepaid service fees | 7,871 | 42,004 | ||
Frontier Long/Short Commodity Series [Member] | Managing Owner Class 1a [Member] | ' | ' | ||
Units Outstanding | ' | 117 | ||
LIABILITIES | ' | ' | ||
Managing Owner Units | ' | 12,732 | ||
Total Capital | ' | 12,732 | ||
Frontier Long/Short Commodity Series [Member] | Managing Owner Class 2 [Member] | ' | ' | ||
Units Outstanding | 3,083 | 3,083 | ||
LIABILITIES | ' | ' | ||
Managing Owner Units | 388,718 | 449,011 | ||
Total Capital | 388,718 | 449,011 | ||
Frontier Long/Short Commodity Series [Member] | Managing Owner Class 2a [Member] | ' | ' | ||
Units Outstanding | 2,222 | 2,222 | ||
LIABILITIES | ' | ' | ||
Managing Owner Units | 224,080 | 256,560 | ||
Total Capital | 224,080 | 256,560 | ||
Frontier Long/Short Commodity Series [Member] | Managing Owner Class 3a [Member] | ' | ' | ||
Units Outstanding | 109 | ' | ||
LIABILITIES | ' | ' | ||
Managing Owner Units | 11,039 | ' | ||
Total Capital | 11,039 | ' | ||
Frontier Long/Short Commodity Series [Member] | Limited Owners Class 1a [Member] | ' | ' | ||
Units Outstanding | 120,121 | 174,713 | ||
LIABILITIES | ' | ' | ||
Limited Owner Units | 11,243,674 | 18,970,806 | ||
Total Capital | 11,243,674 | 18,970,806 | ||
Frontier Long/Short Commodity Series [Member] | Limited Owners Class 2 [Member] | ' | ' | ||
Units Outstanding | 28,136 | 44,284 | ||
LIABILITIES | ' | ' | ||
Limited Owner Units | 3,547,618 | 6,449,774 | ||
Total Capital | 3,547,618 | 6,449,774 | ||
Frontier Long/Short Commodity Series [Member] | Limited Owners Class 2a [Member] | ' | ' | ||
Units Outstanding | 40,488 | 92,035 | ||
LIABILITIES | ' | ' | ||
Limited Owner Units | 4,082,583 | 10,625,551 | ||
Total Capital | 4,082,583 | 10,625,551 | ||
Frontier Long/Short Commodity Series [Member] | Limited Owners Class 3 [Member] | ' | ' | ||
Units Outstanding | 89,767 | 135,642 | ||
LIABILITIES | ' | ' | ||
Limited Owner Units | 11,321,675 | 19,761,047 | ||
Total Capital | 11,321,675 | 19,761,047 | ||
Frontier Long/Short Commodity Series [Member] | Limited Owners Class 3a [Member] | ' | ' | ||
Units Outstanding | 1,162 | ' | ||
LIABILITIES | ' | ' | ||
Limited Owner Units | 117,179 | ' | ||
Total Capital | $117,179 | ' | ||
Frontier Long/Short Commodity Series [Member] | Total Owner Class 1a [Member] | ' | ' | ||
Units Outstanding | 120,121 | 174,830 | ||
Net Asset Value per Unit | 93.6 | 108.58 | ||
Frontier Long/Short Commodity Series [Member] | Total Owner Class 2 [Member] | ' | ' | ||
Units Outstanding | 31,219 | 47,367 | ||
Net Asset Value per Unit | 126.09 | 145.65 | ||
Frontier Long/Short Commodity Series [Member] | Total Owner Class 2a [Member] | ' | ' | ||
Units Outstanding | 42,710 | 94,257 | ||
Net Asset Value per Unit | 100.84 | 115.45 | ||
Frontier Long/Short Commodity Series [Member] | Total Owner Class 3 [Member] | ' | ' | ||
Units Outstanding | 89,767 | 135,642 | ||
Net Asset Value per Unit | 126.12 | 145.69 | ||
Frontier Long/Short Commodity Series [Member] | Total Owner Class 3a [Member] | ' | ' | ||
Units Outstanding | 1,271 | [4] | ' | |
Net Asset Value per Unit | 100.91 | [4] | ' | |
[1] | Formerly the Winton/Graham Series. | |||
[2] | Formerly the Tiverton/Graham/Transtrend Series. | |||
[3] | Class 1 operations ceased July 18, 2012 and all remaining Class 1 Units were exchanged for Class 3 Units | |||
[4] | Class 3a operations began June 17, 2013. |
Condensed_Schedules_of_Investm
Condensed Schedules of Investments (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 |
Open Trade Equity [Member] | Open Trade Equity [Member] | Open Trade Equity [Member] | Open Trade Equity [Member] | Open Trade Equity [Member] | Open Trade Equity [Member] | Open Trade Equity [Member] | Open Trade Equity [Member] | Open Trade Equity [Member] | U.S. Treasury Note 4.000% due 02/15/2015 (Cost $38,016,039) [Member] | U.S. Treasury Note 4.000% due 02/15/2015 (Cost $38,016,039) [Member] | U.S. Treasury Note Fair Value [Member] | U.S. Treasury Note Fair Value [Member] | Total Open Trade Equity (Deficit) [Member] | Total Open Trade Equity (Deficit) [Member] | Total Open Trade Equity (Deficit) [Member] | U.S. Treasury Note 4.000% due 02/15/2015 [Member] | U.S. Treasury Note 4.000% due 02/15/2015 [Member] | U.S. Treasury Note 4.000% due 02/15/2015 [Member] | U.S. Treasury Note 4.000% due 02/15/2015 [Member] | U.S. Treasury Note 4.000% due 02/15/2015 [Member] | U.S. Treasury Note 4.000% due 02/15/2015 [Member] | U.S. Treasury Note 4.000% due 02/15/2015 [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | OPTIONS PURCHASED [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | CURRENCY FORWARDS [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] | Options Written [Member] |
The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Mexico) [Member] | Various stock index futures contracts (Mexico) [Member] | Various stock index futures contracts (Mexico) [Member] | Various stock index futures contracts (Mexico) [Member] | Various stock index futures contracts (Mexico) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Africa) [Member] | Various stock index futures contracts (Africa) [Member] | Various stock index futures contracts (Africa) [Member] | Various stock index futures contracts (Africa) [Member] | Various stock index futures contracts (Africa) [Member] | Various stock index futures contracts (Africa) [Member] | Various stock index futures contracts (Africa) [Member] | Various stock index futures contracts (Africa) [Member] | Various stock index futures contracts (Africa) [Member] | Various stock index futures contracts (Africa) [Member] | Various stock index futures contracts (Africa) [Member] | Various stock index futures contracts (Africa) [Member] | Various stock index futures contracts (Africa) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (Far East) [Member] | Various energy futures contracts (Far East) [Member] | Various energy futures contracts (Far East) [Member] | Various energy futures contracts (Far East) [Member] | Various energy futures contracts (Far East) [Member] | Various energy futures contracts (Far East) [Member] | Various energy futures contracts (Far East) [Member] | Various energy futures contracts (Far East) [Member] | Various energy futures contracts (Far East) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Total Long Futures Contracts [Member] | Total Long Futures Contracts [Member] | Total Long Futures Contracts [Member] | Total Long Futures Contracts [Member] | Total Long Futures Contracts [Member] | Total Long Futures Contracts [Member] | Total Long Futures Contracts [Member] | Total Long Futures Contracts [Member] | Total Long Futures Contracts [Member] | Total Long Futures Contracts [Member] | Total Long Futures Contracts [Member] | Total Long Futures Contracts [Member] | Total Long Futures Contracts [Member] | Total Long Futures Contracts [Member] | Total Long Futures Contracts [Member] | Total Long Futures Contracts [Member] | Total Long Futures Contracts [Member] | Total Long Futures Contracts [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various Currency Futures Contracts (Canada) [Member] | Various Currency Futures Contracts (Canada) [Member] | Various currency futures contracts (Far East) [Member] | Various currency futures contracts (Far East) [Member] | Various currency futures contracts (Far East) [Member] | Various currency futures contracts (Far East) [Member] | Various currency futures contracts (Far East) [Member] | Various currency futures contracts (Far East) [Member] | Various currency futures contracts (Far East) [Member] | Various energy futures contracts (Europe) [Member] | Various energy futures contracts (Europe) [Member] | Various energy futures contracts (Europe) [Member] | Various energy futures contracts (Europe) [Member] | Various energy futures contracts (Europe) [Member] | Various energy futures contracts (Europe) [Member] | Crude Oil Settling 3/1/2014 (Number of Contracts: 539) [Member] | Crude Oil Settling 3/1/2014 (Number of Contracts: 539) [Member] | Crude Oil Settling 3/1/2014 (Number of Contracts: 539) [Member] | Corn Settling 3/1/2014 (Number of Contracts: 271) [Member] | Corn Settling 3/1/2014 (Number of Contracts: 271) [Member] | Corn Settling 3/1/2014 (Number of Contracts: 271) [Member] | Various soft futures contracts (Far East) [Member] | Various soft futures contracts (Far East) [Member] | Various soft futures contracts (Far East) [Member] | Various soft futures contracts (Far East) [Member] | Various soft futures contracts (Far East) [Member] | Various precious metals futures contracts (Far East) [Member] | Various precious metals futures contracts (Far East) [Member] | Various precious metals futures contracts (Far East) [Member] | Various precious metals futures contracts (Far East) [Member] | Various precious metals futures contracts (Far East) [Member] | Various base metals futures contracts (Far East) [Member] | Various base metals futures contracts (Far East) [Member] | Various base metals futures contracts (Far East) [Member] | Various currency futures contracts (Europe) [Member] | Various currency futures contracts (Europe) [Member] | Various currency futures contracts (Europe) [Member] | Various currency futures contracts (Europe) [Member] | Various currency futures contracts (Europe) [Member] | Various currency futures contracts (Europe) [Member] | Various currency futures contracts (Europe) [Member] | Brent Crude Oil Settling 4/1/2013 (Number Of Contracts: 497) [Member] | Brent Crude Oil Settling 4/1/2013 (Number Of Contracts: 497) [Member] | Brent Crude Oil Settling 4/1/2013 (Number Of Contracts: 497) [Member] | Brent Crude Oil Settling 9/1/2013 (Number Of Contracts: 270) [Member] | Brent Crude Oil Settling 9/1/2013 (Number Of Contracts: 270) [Member] | Brent Crude Oil Settling 9/1/2013 (Number Of Contracts: 270) [Member] | Crude Oil Settling 2/1/2013 (Number of Contracts: 566) [Member] | Crude Oil Settling 2/1/2013 (Number of Contracts: 566) [Member] | Crude Oil Settling 2/1/2013 (Number of Contracts: 566) [Member] | Crude Oil Settling 2/1/2014 (Number of Contracts: 606) [Member] | Crude Oil Settling 2/1/2014 (Number of Contracts: 606) [Member] | Crude Oil Settling 2/1/2014 (Number of Contracts: 606) [Member] | Crude Oil Settling 4/1/2014 (Number of Contracts: 428) [Member] | Crude Oil Settling 4/1/2014 (Number of Contracts: 428) [Member] | Crude Oil Settling 4/1/2014 (Number of Contracts: 428) [Member] | Crude Oil Settling 8/1/2014 (Number of Contracts: 219) [Member] | Crude Oil Settling 8/1/2014 (Number of Contracts: 219) [Member] | Crude Oil Settling 8/1/2014 (Number of Contracts: 219) [Member] | Crude Oil Settling 1/1/2015 (Number of Contracts: 191) [Member] | Crude Oil Settling 1/1/2015 (Number of Contracts: 191) [Member] | Crude Oil Settling 1/1/2015 (Number of Contracts: 191) [Member] | Various interest rates futures contracts (Mexico) [Member] | Various interest rates futures contracts (Mexico) [Member] | Various interest rates futures contracts (Mexico) [Member] | Brent Crude Oil Settling 2/1/2013 (Number of Contracts: 735) [Member] | Brent Crude Oil Settling 2/1/2013 (Number of Contracts: 735) [Member] | Various Precious Metals Futures Contracts (Europe) [Member] | Various Precious Metals Futures Contracts (Europe) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Total Options Purchased [Member] | Total Options Purchased [Member] | Total Options Purchased [Member] | Total Options Purchased [Member] | Total Options Purchased [Member] | Total Options Purchased [Member] | Total Options Purchased [Member] | Total Options Purchased [Member] | Total Options Purchased [Member] | Total Options Purchased [Member] | Total Options Purchased [Member] | Total Options Purchased [Member] | Total Options Purchased [Member] | Total Options Purchased [Member] | Total Options Purchased [Member] | Total Options Purchased [Member] | Corn Settling 5/1/2014 (Number of Contracts: 317) [Member] | Corn Settling 5/1/2014 (Number of Contracts: 317) [Member] | Corn Settling 5/1/2014 (Number of Contracts: 317) [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Various Currency Futures Contracts [Member] | Various Currency Futures Contracts [Member] | Open Trade Equity [Member] | Open Trade Equity [Member] | Various Currency Forward Contracts [Member] | Various Currency Forward Contracts [Member] | Various Currency Forward Contracts [Member] | Various Currency Forward Contracts [Member] | Various Currency Forward Contracts [Member] | Various Currency Forward Contracts [Member] | Various Currency Forward Contracts [Member] | Various Currency Forward Contracts [Member] | Various Currency Forward Contracts [Member] | Total Currency Forwards [Member] | Total Currency Forwards [Member] | Total Currency Forwards [Member] | Total Currency Forwards [Member] | Total Currency Forwards [Member] | Total Currency Forwards [Member] | Total Currency Forwards [Member] | Total Currency Forwards [Member] | Total Currency Forwards [Member] | Total Open Trade Equity (Deficit) [Member] | Total Open Trade Equity (Deficit) [Member] | Total Open Trade Equity (Deficit) [Member] | Total Open Trade Equity (Deficit) [Member] | Total Open Trade Equity (Deficit) [Member] | Total Open Trade Equity (Deficit) [Member] | Total Open Trade Equity (Deficit) [Member] | Frontier Balanced RCW-1 Swap (U.S.) [Member] | Frontier Balanced RCW-1 Swap (U.S.) [Member] | Frontier Balanced RCW-1 Swap (U.S.) [Member] | Frontier Balanced DB Swap (U.S.) [Member] | Frontier Balanced DB Swap (U.S.) [Member] | Frontier Currency DB Swap (U.S.) [Member] | Frontier Currency DB Swap (U.S.) [Member] | Total Swaps [Member] | Total Swaps [Member] | Total Swaps [Member] | Total Swaps [Member] | Total Swaps [Member] | Total Swaps [Member] | Total Swaps [Member] | Total Swaps [Member] | Total Swaps [Member] | Total Swaps [Member] | Total Swaps [Member] | Frontier XXXIV Balanced select swap (U.S.) [Member] | Frontier XXXIV Balanced select swap (U.S.) [Member] | Frontier XXXIV Balanced select swap (U.S.) [Member] | Frontier XXXIV Balanced select swap (U.S.) [Member] | Frontier Brevan Howard Swap (U.S.) [Member] | Frontier Brevan Howard Swap (U.S.) [Member] | Frontier XXXV Diversified select swap (U.S.) [Member] | Frontier XXXV Diversified select swap (U.S.) [Member] | Frontier XXXV Diversified select swap (U.S.) [Member] | Frontier XXXV Diversified select swap (U.S.) [Member] | Frontier XXXV Diversified select swap (U.S.) [Member] | Frontier XXXVII L/S select swap (U.S.) [Member] | Frontier XXXVII L/S select swap (U.S.) [Member] | Frontier XXXVII L/S select swap (U.S.) [Member] | Frontier XXXVII L/S select swap (U.S.) [Member] | Frontier XXXVII L/S select swap (U.S.) [Member] | Frontier Select CTA TRS Deutsche Bank Swap (U.S) [Member] | Frontier Select CTA TRS Deutsche Bank Swap (U.S) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Oceanic) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Far East) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Europe) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Canada) [Member] | Various stock index futures contracts (Africa) [Member] | Various stock index futures contracts (Africa) [Member] | Various stock index futures contracts (Africa) [Member] | Various stock index futures contracts (Africa) [Member] | Various stock index futures contracts (Africa) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Europe) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various soft futures contracts (Canada) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Oceanic) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Far East) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Europe) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various interest rates futures contracts (Canada) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (Far East) [Member] | Various energy futures contracts (Far East) [Member] | Various energy futures contracts (Far East) [Member] | Various energy futures contracts (Far East) [Member] | Various energy futures contracts (Far East) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various Currency Futures Contracts (Canada) [Member] | Various Currency Futures Contracts (Canada) [Member] | Various Currency Futures Contracts (Canada) [Member] | Various Currency Futures Contracts (Canada) [Member] | Various currency futures contracts (Far East) [Member] | Various currency futures contracts (Far East) [Member] | Various currency futures contracts (Far East) [Member] | Various currency futures contracts (Far East) [Member] | Various currency futures contracts (Far East) [Member] | Various currency futures contracts (Far East) [Member] | Various currency futures contracts (Far East) [Member] | Various currency futures contracts (Far East) [Member] | Various currency futures contracts (Far East) [Member] | Various currency futures contracts (Far East) [Member] | Various currency futures contracts (Far East) [Member] | Various energy futures contracts (Europe) [Member] | Various energy futures contracts (Europe) [Member] | Various energy futures contracts (Europe) [Member] | Various energy futures contracts (Europe) [Member] | Various energy futures contracts (Europe) [Member] | Various energy futures contracts (Europe) [Member] | Various energy futures contracts (Europe) [Member] | Various energy futures contracts (Europe) [Member] | Various energy futures contracts (Europe) [Member] | Various energy futures contracts (Europe) [Member] | Total Short Futures Contracts [Member] | Total Short Futures Contracts [Member] | Total Short Futures Contracts [Member] | Total Short Futures Contracts [Member] | Total Short Futures Contracts [Member] | Total Short Futures Contracts [Member] | Total Short Futures Contracts [Member] | Total Short Futures Contracts [Member] | Total Short Futures Contracts [Member] | Total Short Futures Contracts [Member] | Total Short Futures Contracts [Member] | Total Short Futures Contracts [Member] | Total Short Futures Contracts [Member] | Total Short Futures Contracts [Member] | Total Short Futures Contracts [Member] | Total Short Futures Contracts [Member] | Total Short Futures Contracts [Member] | Total Short Futures Contracts [Member] | 90 Day Euro Time Deposit Settling 12/1/2015 (Number of Contracts: 627) [Member] | 90 Day Euro Time Deposit Settling 12/1/2015 (Number of Contracts: 627) [Member] | 90 Day Euro Time Deposit Settling 12/1/2015 (Number of Contracts: 627) [Member] | Various soft futures contracts (Far East) [Member] | Various soft futures contracts (Far East) [Member] | Various soft futures contracts (Far East) [Member] | Various soft futures contracts (Far East) [Member] | Various soft futures contracts (Far East) [Member] | Various soft futures contracts (Far East) [Member] | Various soft futures contracts (Far East) [Member] | Various base metals futures contracts (Far East) [Member] | Various base metals futures contracts (Far East) [Member] | Various base metals futures contracts (Far East) [Member] | Various currency futures contracts (Europe) [Member] | Various currency futures contracts (Europe) [Member] | Various currency futures contracts (Europe) [Member] | Various currency futures contracts (Europe) [Member] | Various currency futures contracts (Europe) [Member] | Various currency futures contracts (Europe) [Member] | Various currency futures contracts (Europe) [Member] | Various currency futures contracts (Europe) [Member] | Brent Crude Oil, Settling 6/1/2013 (Number of Contracts: 424) [Member] | Brent Crude Oil, Settling 6/1/2013 (Number of Contracts: 424) [Member] | Brent Crude Oil, Settling 6/1/2013 (Number of Contracts: 424) [Member] | Crude Oil, Settling 4/1/2013 (Number of Contracts: 323) [Member] | Crude Oil, Settling 4/1/2013 (Number of Contracts: 323) [Member] | Crude Oil, Settling 4/1/2013 (Number of Contracts: 323) [Member] | Crude Oil, Settling 5/1/2013 (Number of Contracts: 166) [Member] | Crude Oil, Settling 5/1/2013 (Number of Contracts: 166) [Member] | Crude Oil, Settling 5/1/2013 (Number of Contracts: 166) [Member] | Crude Oil, Settling 6/1/2013 (Number of Contracts: 787) [Member] | Crude Oil, Settling 6/1/2013 (Number of Contracts: 787) [Member] | Crude Oil, Settling 6/1/2013 (Number of Contracts: 787) [Member] | Crude Oil, Settling 7/1/2013 (Number of Contracts: 290) [Member] | Crude Oil, Settling 7/1/2013 (Number of Contracts: 290) [Member] | Crude Oil, Settling 7/1/2013 (Number of Contracts: 290) [Member] | Crude Oil, Settling 3/1/2014 (Number of Contracts: 450) [Member] | Crude Oil, Settling 3/1/2014 (Number of Contracts: 450) [Member] | Crude Oil, Settling 3/1/2014 (Number of Contracts: 450) [Member] | Crude Oil, Settling 6/1/2014 (Number of Contracts: 449) [Member] | Crude Oil, Settling 6/1/2014 (Number of Contracts: 449) [Member] | Crude Oil, Settling 6/1/2014 (Number of Contracts: 449) [Member] | Crude Oil, Settling 9/1/2014 (Number of Contracts: 219) [Member] | Crude Oil, Settling 9/1/2014 (Number of Contracts: 219) [Member] | Crude Oil, Settling 9/1/2014 (Number of Contracts: 219) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various stock index futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various soft futures contracts (U.S.) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various interest rates futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various energy futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various currency futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (U.S.) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various base metals futures contracts (Europe) [Member] | Various precious metals futures contracts (U.S.) [Member] | Various precious metals futures contracts (U.S.) [Member] | Total Options Purchased [Member] | Total Options Purchased [Member] | Total Options Written [Member] | Total Options Written [Member] | Total Options Written [Member] | Total Options Written [Member] | Total Options Written [Member] | Total Options Written [Member] | Total Options Written [Member] | Total Options Written [Member] | Total Options Written [Member] | Total Options Written [Member] | Total Options Written [Member] | Total Options Written [Member] | Total Options Written [Member] | Total Options Written [Member] | Various currency futures contracts (Europe) [Member] | Various currency futures contracts (Europe) [Member] |
The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | The Frontier Fund [Member] | Balanced Series [Member] | Frontier Select Series [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | Balanced Series [Member] | Frontier Select Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | The Frontier Fund [Member] | Balanced Series [Member] | Frontier Select Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Frontier XXXIV Balanced select swap (U.S.) | ' | 0.00% | [1],[2] | 2.09% | [2] | 2.35% | [2] | 0.00% | [2] | 0.00% | [2] | -1.33% | [2] | ' | ' | ' | 3.46% | ' | 3.46% | ' | ' | ' | 3.35% | [3] | 4.30% | [3] | 3.89% | [3] | 2.97% | [3] | 3.79% | [3],[4] | 4.42% | [3] | 3.74% | [1],[3] | ' | 0.00% | [2] | ' | ' | -0.26% | [2] | -0.14% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.06% | [2] | 0.00% | [2] | -0.32% | [2] | -0.20% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | -0.02% | [2] | 0.04% | [2] | 0.00% | [2] | 0.00% | [2] | 0.02% | [2] | -0.01% | [2] | 0.05% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | ' | ' | -0.05% | [2] | 0.68% | [2] | 0.00% | [2] | 0.00% | [2] | 0.14% | [2] | -0.08% | [2] | 0.45% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | -0.20% | [2] | -0.34% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.05% | [2] | -0.19% | [2] | -0.50% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | -0.01% | [2] | 0.05% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.10% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 0.00% | [2] | 0.02% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.03% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | -0.14% | [2] | -0.43% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.43% | [2] | -1.58% | [2] | 0.06% | [2] | -0.36% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 0.01% | [2] | -0.03% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.01% | [2] | -0.05% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | -0.02% | [2] | -0.15% | [2] | ' | ' | 0.30% | [2] | -0.12% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.62% | [2] | 0.03% | [2] | 0.35% | [2] | -0.12% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 0.03% | [2] | 0.06% | [2] | 0.00% | [2] | 0.00% | [2] | 0.03% | [2] | 0.04% | [2] | 0.12% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | 0.17% | [2] | -0.08% | [2] | 0.00% | [2] | 0.00% | [2] | -0.01% | [2] | 0.09% | [2] | -0.06% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 0.31% | [2] | 0.50% | [2] | 0.00% | [2] | 0.00% | [2] | 0.06% | [2] | 0.32% | [2] | 0.51% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 0.02% | [2] | -0.02% | [2] | 0.00% | [2] | 0.00% | [2] | -0.02% | [2] | 0.03% | [2] | -0.03% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | -0.34% | [2] | 2.53% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -1.45% | [2] | 1.40% | [2] | -0.12% | [2] | 0.25% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | 0.54% | [2] | -0.41% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.13% | [2] | -0.05% | [2] | 0.17% | [2] | -0.82% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.03% | [2] | -0.04% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 2.13% | [2] | 0.67% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.02% | [2] | 1.45% | [2] | 0.04% | [2] | 0.44% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 2.48% | [2] | 2.83% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -1.33% | [2] | 14.70% | [2] | 0.38% | [2] | 1.00% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.13% | [2] | -0.58% | [2] | -0.01% | [2] | 0.03% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | ' | 0.01% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 2.53% | [2] | 0.00% | [2] | 0.00% | [2] | -1.31% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 1.94% | [2] | 0.00% | [2] | 0.00% | [2] | 1.19% | [2] | 0.00% | [2] | 0.00% | [2] | 3.00% | [2] | 0.00% | [2] | 0.00% | [2] | 2.91% | [2] | 0.00% | [2] | 0.00% | [2] | 2.65% | [2] | 0.00% | [2] | 0.00% | [2] | 1.03% | [2] | 0.00% | [2] | 0.00% | [2] | 1.18% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 1.16% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | ' | ' | 0.19% | [2] | 0.08% | [2] | 0.47% | [2] | 0.18% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | 0.12% | [2] | 0.25% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.95% | [2] | 1.58% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | 0.05% | [2] | ' | 0.01% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | ' | ' | 0.00% | [2] | 1.21% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.01% | [2] | 2.31% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | 0.56% | [2] | 0.00% | [2] | 0.00% | [2] | 0.84% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2],[4] | ' | ' | 0.60% | [2] | 0.44% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | 0.14% | [2] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | 0.97% | [2] | 2.68% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.71% | [2] | 4.73% | [2] | 0.47% | [2] | 0.18% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 1.65% | [2] | 0.00% | [1],[2] | 0.13% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | ' | ' | ' | 0.13% | [2] | -0.15% | [2] | 0.00% | [2],[5] | ' | 0.24% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[5] | 0.00% | [2] | 0.00% | [1],[2] | ' | 0.24% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[5] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | -0.59% | [2] | -0.27% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | 3.42% | [6] | 7.26% | [7] | 0.00% | [4],[7] | ' | 0.52% | [6] | ' | 0.35% | [6] | 5.23% | [7] | ' | ' | 4.29% | [6] | 3.55% | [7] | 0.00% | [7] | 8.41% | [7] | 5.73% | [7] | 9.10% | [7] | 0.00% | [5],[7] | 0.00% | [4],[7] | 2.26% | [7] | ' | 5.73% | [7] | 0.00% | [5],[7] | 1.37% | [7] | ' | 0.74% | [7] | ' | 3.55% | [7] | 0.00% | [7] | 0.00% | [7] | 0.86% | [7] | ' | 0.00% | [7] | 0.00% | [7] | 8.41% | [7] | 1.84% | [7] | 0.00% | [4],[7] | ' | 0.00% | [1],[2] | -0.01% | [2] | 0.07% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.01% | [2] | -0.14% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | ' | 0.00% | [1],[2] | 0.01% | [2] | 0.12% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.26% | [2] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | 0.00% | [2] | 0.02% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.04% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | ' | 0.00% | [1],[2] | 0.42% | [2] | 0.47% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 1.85% | [2] | 1.15% | [2] | 0.03% | [2] | 0.46% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | 0.03% | [2] | 0.02% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.03% | [2] | 0.05% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | ' | 0.06% | [2] | 0.09% | [2] | 0.03% | [2] | 0.00% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | ' | 0.00% | [1],[2] | -0.25% | [2] | 0.07% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.05% | [2] | 0.02% | [2] | -0.08% | [2] | -0.15% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | ' | -0.02% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.02% | [2] | 0.00% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | 0.00% | [1],[2] | -0.04% | [2] | 0.04% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.43% | [2] | 0.04% | [2] | 0.07% | [2] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | -0.19% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.19% | [2] | 0.00% | [2] | -0.28% | [2] | 0.00% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | -0.04% | [2] | 0.02% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.01% | [2] | 0.03% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | 0.34% | [2] | 2.94% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 1.37% | [2] | -2.13% | [2] | 0.01% | [2] | -0.86% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | ' | 0.00% | [1],[2] | -0.26% | [2] | 0.74% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.23% | [2] | 0.16% | [2] | -0.11% | [2] | 0.71% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | 0.00% | [2] | 0.01% | [2] | 0.00% | [2] | 0.00% | [2] | 0.01% | [2] | 0.00% | [2] | -0.02% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | -1.64% | [2] | 1.48% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.51% | [2] | -1.81% | [2] | -0.59% | [2] | -1.41% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.02% | [2] | 0.10% | [2] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | ' | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | -0.01% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | -1.60% | [2] | 3.29% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.03% | [2] | -20.76% | [2] | -1.00% | [2] | -1.95% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | 0.00% | [2] | 0.00% | [2] | -1.76% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | ' | ' | 0.00% | [2] | 0.00% | [2] | -1.93% | [2] | 0.00% | [2] | 0.00% | [2] | -1.51% | [2] | 0.00% | [2] | 0.00% | [2] | -1.09% | [2] | 0.00% | [2] | 0.00% | [2] | -5.71% | [2] | 0.00% | [2] | 0.00% | [2] | -2.28% | [2] | 0.00% | [2] | 0.00% | [2] | -2.36% | [2] | 0.00% | [2] | 0.00% | [2] | -2.41% | [2] | 0.00% | [2] | 0.00% | [2] | -1.01% | [2] | ' | ' | -0.14% | [2] | 0.03% | [2] | -0.36% | [2] | -0.07% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | -0.02% | [2] | 0.09% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.09% | [2] | -0.54% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | -0.07% | [2] | 0.10% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | ' | 0.28% | [2] | 0.00% | [2] | 0.00% | [2] | -0.73% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | -0.08% | [2] | 0.26% | [2] | 0.00% | [2] | 0.00% | [2] | -0.25% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2],[4] | ' | ' | -0.18% | [2] | 0.05% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | -0.49% | [2] | 0.81% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.09% | [2] | -1.52% | [2] | -0.36% | [2] | -0.07% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2],[4] |
Investment Owned, Value | $6,943,192 | [2] | $12,116,649 | [2] | ' | ' | ' | ' | ' | ' | [2] | ' | [1],[2] | $18,001,322 | ' | $18,001,322 | ' | ' | [2] | ' | [2] | ($819,535) | [2] | $3,853,000 | [3] | $2,212,909 | [3] | $2,388,540 | [3] | $5,951,633 | [3] | $961,568 | [3],[5] | $1,808,547 | [3] | $776,073 | [1],[3] | ($4,376) | [2] | ' | ($865,840) | [2] | ($708,671) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($21,395) | [2] | $2,499 | [2] | ($410,914) | [2] | ($494,955) | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ($50,568) | [2] | $190,826 | [2] | ' | ' | ' | [2] | ' | [2] | $10,863 | [2] | ($13,202) | [2] | $132,147 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [1],[2] | $1,548 | [2] | ' | ' | [2] | ' | [2] | ' | [2] | ($166,418) | [2] | $3,549,518 | [2] | ' | ' | ' | [2] | ' | [2] | $83,003 | [2] | ($102,474) | [2] | $1,111,191 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ($650,446) | [2] | ($1,746,507) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($730) | [2] | ($33,084) | [2] | ($244,889) | [2] | ($1,219,796) | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ($16,543) | [2] | $272,823 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($5,391) | [2] | $246,124 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | $11,856 | [2] | $97,909 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | $1,807 | [2] | $82,200 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [1],[2] | ($446,825) | [2] | ($2,211,954) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($144,638) | [2] | ($968,793) | [2] | $79,426 | [2] | ($888,222) | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | $45,212 | [2] | ($145,288) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | $285 | [2] | $7,307 | [2] | ($131,803) | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ($335) | [2] | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($827) | [2] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ($67,985) | [2] | ($756,478) | [2] | ' | ' | $999,496 | [2] | ($609,966) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($206,430) | [2] | $16,663 | [2] | $446,869 | [2] | ($285,562) | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | $110,699 | [2] | $298,169 | [2] | ' | ' | ' | [2] | ' | [2] | $20,049 | [2] | $46,796 | [2] | $298,712 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [1],[2] | $555,465 | [2] | ($428,542) | [2] | ' | ' | ' | [2] | ' | [2] | ($3,574) | [2] | $118,474 | [2] | ($146,326) | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | $1,027,305 | [2] | $2,592,153 | [2] | ' | ' | ' | [2] | ' | [2] | $37,199 | [2] | $418,179 | [2] | $1,247,403 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | $80,532 | [2] | ($120,227) | [2] | ' | ' | ' | [2] | ' | [2] | ($13,842) | [2] | $43,947 | [2] | ($62,247) | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ($1,119,566) | [2] | $13,149,004 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($486,354) | [2] | $857,585 | [2] | ($151,238) | [2] | $618,362 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ($2,800) | [2] | $462 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [1],[2] | $1,773,185 | [2] | ($2,156,861) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | $44,496 | [2] | ($29,925) | [2] | $216,281 | [2] | ($2,013,943) | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | $2,792 | [2] | ($9,439) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | $11,188 | [2] | ($22,516) | [2] | $4,024 | [2] | $7,365 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | $6,997,426 | [2],[8] | $3,463,404 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($7,935) | [2] | $892,015 | [2] | $54,036 | [2] | $1,079,576 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | $8,232,381 | [2] | $14,721,548 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($447,268) | [2] | $9,011,890 | [2] | $500,256 | [2] | $2,507,161 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($43,817) | [2] | ($357,780) | [2] | ($8,782) | [2] | $76,885 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[5] | ' | [2] | ' | [2] | $19,780 | [2] | ' | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | $848,922 | [2] | ' | [2] | ' | [2] | ($440,575) | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | $1,188,750 | [2] | ' | [2] | ' | [2] | $729,410 | [2] | ' | [2] | ' | [2] | $1,837,974 | [2] | ' | [2] | ' | [2] | $1,784,120 | [2] | ' | [2] | ' | [2] | $1,628,500 | [2] | ' | [2] | ' | [2] | $630,550 | [2] | ' | [2] | ' | [2] | $722,766 | [2] | ' | [2] | ' | [2] | ' | [2] | $2,850,050 | [2] | ' | [2],[5] | ' | [2] | ' | [2] | $607,233 | [2] | $439,170 | [2] | ' | ' | $607,025 | [2] | $439,170 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [1],[2] | $385,991 | [2] | $1,320,884 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($318,197) | [2] | $966,540 | [2] | ' | [2] | ' | [2],[5] | ' | [2] | ' | [1],[2] | $158,760 | [2] | ' | $30,188 | [2] | ' | ' | [2] | ' | [2] | ' | [2] | $3,680 | [2] | $6,285,280 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | $3,680 | [2] | $1,417,280 | [2] | ' | [2] | ' | [2],[5] | ' | [2] | ' | [1],[2] | $2,901,488 | [2] | ' | ' | [2] | ' | [2] | $517,500 | [2] | ' | [2] | ' | [2],[5] | ' | [2] | ' | [1],[2] | ' | [2] | ' | $1,954,644 | [2] | $2,277,291 | [2] | ' | ' | ' | [2] | ' | [2],[5] | ' | [2] | ' | [1],[2] | $711,000 | [2] | ' | ' | [2] | ' | [1],[2] | $3,140,496 | [2] | $13,935,113 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | $239,283 | [2] | $2,901,320 | [2] | $607,025 | [2] | $439,170 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | $553,800 | [2] | $691,845 | [2] | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[4] | ' | [2] | ' | [1],[2] | $691,845 | [2] | ' | ($197,674) | [2] | ' | [2],[5] | $784,078 | [2] | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[5] | ' | [2] | ' | [1],[2] | $784,078 | [2] | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[5] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | ($200,291) | [2] | ($672,511) | [2] | ' | [2],[4] | ' | [2] | ' | [1],[2] | ' | $17,785,733 | [7] | ' | [4],[7] | $2,702,247 | [6] | ' | $1,801,498 | [6] | ' | ' | $22,289,478 | [6] | $17,152,321 | [7] | ' | $2,413,658 | [7] | ' | [7] | $2,819,497 | [7] | $7,410,271 | [7] | $22,289,478 | [7] | ' | [5],[7] | ' | [4],[7] | ' | $7,412,815 | [7] | $7,410,271 | [7] | ' | [5],[7] | ' | $4,506,351 | [7] | ' | $2,413,658 | [7] | $2,413,658 | [7] | ' | [7] | ' | [7] | ' | $2,819,497 | [7] | ' | [7] | ' | [7] | $2,819,497 | [7] | $4,503,745 | [7] | ' | [4],[7] | ($36,084) | [2] | ($373,552) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ($6,998) | [2] | ($341,725) | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[4] | $39,169 | [2] | ($630,695) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ($628,652) | [2] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | $1,068 | [2] | $86,644 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | $113 | [2] | $86,851 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ($6,159) | [2] | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [1],[2] | $1,386,530 | [2] | $2,445,673 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | $618,604 | [2] | $703,810 | [2] | $36,966 | [2] | $1,114,717 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | $100,762 | [2] | $122,990 | [2] | ' | ' | ' | [2] | ' | [2] | $773 | [2] | $34,891 | [2] | $124,047 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | $2,045 | [2] | ' | ' | ' | [2] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | $208,919 | [2] | $476,388 | [2] | ' | ' | $40,558 | [2] | $8,095 | [2] | ' | [2],[5] | ' | [2],[4] | ($811,364) | [2] | ($385,887) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($17,492) | [2] | $12,197 | [2] | ($107,570) | [2] | ($356,406) | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ($69,238) | [2] | ($17,218) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ($27,776) | [2] | ($1,482) | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [1],[2] | ($143,487) | [2] | $197,000 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($142,739) | [2] | $24,219 | [2] | $172,781 | [2] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ($630,632) | [2] | ($1,273) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($62,495) | [2] | ' | [2] | ($367,589) | [2] | $9,865 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ($118,726) | [2] | $81,091 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ($16,358) | [2] | $79,806 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | $1,128,135 | [2] | ($15,297,097) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | $458,454 | [2] | ($1,309,564) | [2] | $12,489 | [2] | ($2,108,322) | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [1],[2] | ($849,817) | [2] | $3,852,251 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($75,950) | [2] | $99,526 | [2] | ($144,815) | [2] | $1,732,960 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ($2,179) | [2] | ($76,900) | [2] | ' | ' | ' | [2] | ' | [2] | $8,300 | [2] | ($1,703) | [2] | ($57,925) | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ($5,397,548) | [2] | ($7,712,906) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($171,384) | [2] | ($1,111,581) | [2] | ($757,163) | [2] | ($3,453,452) | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($8,129) | [2] | $59,128 | [2] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ' | ' | ' | [2] | ' | [1],[2] | $11,513 | [2] | $684 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ($32,829) | [2] | $7,109 | [2] | ' | ' | ' | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ($5,213,763) | [2] | ($17,231,857) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | $7,694 | [2] | ($12,732,745) | [2] | ($1,304,955) | [2] | ($3,618,842) | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ' | [2] | ' | [2] | ($591,175) | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[4] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[4] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | ($1,182,720) | [2] | ' | [2] | ' | [2] | ($923,841) | [2] | ' | [2] | ' | [2] | ($669,526) | [2] | ' | [2] | ' | [2] | ($3,500,831) | [2] | ' | [2] | ' | [2] | ($1,400,082) | [2] | ' | [2] | ' | [2] | ($1,446,060) | [2] | ' | [2] | ' | [2] | ($1,477,983) | [2] | ' | [2] | ' | [2] | ($618,510) | [2] | ($467,953) | [2] | ($165,363) | [2] | ' | ' | ($467,791) | [2] | ($165,363) | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [1],[2] | ($49,615) | [2] | ($447,693) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($29,302) | [2] | ($328,380) | [2] | ' | [2] | ' | [2],[4] | ' | [2] | ' | [1],[2] | ($215,530) | [2] | ($540,330) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ($1,443,890) | [2] | ' | ' | [2] | ' | [2] | ($445,060) | [2] | ' | [2] | ' | [2],[4] | ' | [2] | ' | [1],[2] | ($247,325) | [2] | ($1,340,750) | [2] | ' | ' | ' | [2] | ' | [2] | ($155,250) | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2],[4] | ($606,485) | [2] | ($261,172) | [2] | ' | ' | ' | [2] | ' | [2],[4] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [1],[2] | ($1,586,908) | [2] | ($4,199,198) | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ($29,302) | [2] | ($928,690) | [2] | ($467,791) | [2] | ($165,363) | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2],[4] |
Investment Owned, Underlying Face Amount, at Market Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 36,700,000 | ' | ' | ' | ' | ' | 3,574,465 | [3] | 2,052,937 | [3] | 2,215,872 | [3] | 5,521,388 | [3] | 892,056 | [3],[5] | 1,677,806 | [3] | 719,971 | [1],[3] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment Owned, Value | 6,943,192 | [2] | 12,116,649 | [2] | ' | ' | ' | ' | ' | ' | [2] | ' | [1],[2] | 18,001,322 | ' | 18,001,322 | ' | ' | [2] | ' | [2] | -819,535 | [2] | 3,853,000 | [3] | 2,212,909 | [3] | 2,388,540 | [3] | 5,951,633 | [3] | 961,568 | [3],[5] | 1,808,547 | [3] | 776,073 | [1],[3] | -4,376 | [2] | ' | -865,840 | [2] | -708,671 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -21,395 | [2] | 2,499 | [2] | -410,914 | [2] | -494,955 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | -50,568 | [2] | 190,826 | [2] | ' | ' | ' | [2] | ' | [2] | 10,863 | [2] | -13,202 | [2] | 132,147 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [1],[2] | 1,548 | [2] | ' | ' | [2] | ' | [2] | ' | [2] | -166,418 | [2] | 3,549,518 | [2] | ' | ' | ' | [2] | ' | [2] | 83,003 | [2] | -102,474 | [2] | 1,111,191 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | -650,446 | [2] | -1,746,507 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -730 | [2] | -33,084 | [2] | -244,889 | [2] | -1,219,796 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | -16,543 | [2] | 272,823 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -5,391 | [2] | 246,124 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | 11,856 | [2] | 97,909 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | 1,807 | [2] | 82,200 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [1],[2] | -446,825 | [2] | -2,211,954 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -144,638 | [2] | -968,793 | [2] | 79,426 | [2] | -888,222 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | 45,212 | [2] | -145,288 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | 285 | [2] | 7,307 | [2] | -131,803 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | -335 | [2] | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -827 | [2] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | -67,985 | [2] | -756,478 | [2] | ' | ' | 999,496 | [2] | -609,966 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -206,430 | [2] | 16,663 | [2] | 446,869 | [2] | -285,562 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | 110,699 | [2] | 298,169 | [2] | ' | ' | ' | [2] | ' | [2] | 20,049 | [2] | 46,796 | [2] | 298,712 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [1],[2] | 555,465 | [2] | -428,542 | [2] | ' | ' | ' | [2] | ' | [2] | -3,574 | [2] | 118,474 | [2] | -146,326 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | 1,027,305 | [2] | 2,592,153 | [2] | ' | ' | ' | [2] | ' | [2] | 37,199 | [2] | 418,179 | [2] | 1,247,403 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | 80,532 | [2] | -120,227 | [2] | ' | ' | ' | [2] | ' | [2] | -13,842 | [2] | 43,947 | [2] | -62,247 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | -1,119,566 | [2] | 13,149,004 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -486,354 | [2] | 857,585 | [2] | -151,238 | [2] | 618,362 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | -2,800 | [2] | 462 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [1],[2] | 1,773,185 | [2] | -2,156,861 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | 44,496 | [2] | -29,925 | [2] | 216,281 | [2] | -2,013,943 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | 2,792 | [2] | -9,439 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | 11,188 | [2] | -22,516 | [2] | 4,024 | [2] | 7,365 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | 6,997,426 | [2],[8] | 3,463,404 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -7,935 | [2] | 892,015 | [2] | 54,036 | [2] | 1,079,576 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | 8,232,381 | [2] | 14,721,548 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -447,268 | [2] | 9,011,890 | [2] | 500,256 | [2] | 2,507,161 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -43,817 | [2] | -357,780 | [2] | -8,782 | [2] | 76,885 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[5] | ' | [2] | ' | [2] | 19,780 | [2] | ' | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | 848,922 | [2] | ' | [2] | ' | [2] | -440,575 | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[5] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | 1,188,750 | [2] | ' | [2] | ' | [2] | 729,410 | [2] | ' | [2] | ' | [2] | 1,837,974 | [2] | ' | [2] | ' | [2] | 1,784,120 | [2] | ' | [2] | ' | [2] | 1,628,500 | [2] | ' | [2] | ' | [2] | 630,550 | [2] | ' | [2] | ' | [2] | 722,766 | [2] | ' | [2] | ' | [2] | ' | [2] | 2,850,050 | [2] | ' | [2],[5] | ' | [2] | ' | [2] | 607,233 | [2] | 439,170 | [2] | ' | ' | 607,025 | [2] | 439,170 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [1],[2] | 385,991 | [2] | 1,320,884 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -318,197 | [2] | 966,540 | [2] | ' | [2] | ' | [2],[5] | ' | [2] | ' | [1],[2] | 158,760 | [2] | ' | 30,188 | [2] | ' | ' | [2] | ' | [2] | ' | [2] | 3,680 | [2] | 6,285,280 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | 3,680 | [2] | 1,417,280 | [2] | ' | [2] | ' | [2],[5] | ' | [2] | ' | [1],[2] | 2,901,488 | [2] | ' | ' | [2] | ' | [2] | 517,500 | [2] | ' | [2] | ' | [2],[5] | ' | [2] | ' | [1],[2] | ' | [2] | ' | 1,954,644 | [2] | 2,277,291 | [2] | ' | ' | ' | [2] | ' | [2],[5] | ' | [2] | ' | [1],[2] | 711,000 | [2] | ' | ' | [2] | ' | [1],[2] | 3,140,496 | [2] | 13,935,113 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | 239,283 | [2] | 2,901,320 | [2] | 607,025 | [2] | 439,170 | [2] | ' | [2],[5] | ' | [2],[5] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | 553,800 | [2] | 691,845 | [2] | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[4] | ' | [2] | ' | [1],[2] | 691,845 | [2] | ' | -197,674 | [2] | ' | [2],[5] | 784,078 | [2] | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[5] | ' | [2] | ' | [1],[2] | 784,078 | [2] | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[5] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | -200,291 | [2] | -672,511 | [2] | ' | [2],[4] | ' | [2] | ' | [1],[2] | ' | 17,785,733 | [7] | ' | [4],[7] | 2,702,247 | [6] | ' | 1,801,498 | [6] | ' | ' | 22,289,478 | [6] | 17,152,321 | [7] | ' | 2,413,658 | [7] | ' | [7] | 2,819,497 | [7] | 7,410,271 | [7] | 22,289,478 | [7] | ' | [5],[7] | ' | [4],[7] | ' | 7,412,815 | [7] | 7,410,271 | [7] | ' | [5],[7] | ' | 4,506,351 | [7] | ' | 2,413,658 | [7] | 2,413,658 | [7] | ' | [7] | ' | [7] | ' | 2,819,497 | [7] | ' | [7] | ' | [7] | 2,819,497 | [7] | 4,503,745 | [7] | ' | [4],[7] | -36,084 | [2] | -373,552 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | -6,998 | [2] | -341,725 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[4] | 39,169 | [2] | -630,695 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | -628,652 | [2] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | 1,068 | [2] | 86,644 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | 113 | [2] | 86,851 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | -6,159 | [2] | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [1],[2] | 1,386,530 | [2] | 2,445,673 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | 618,604 | [2] | 703,810 | [2] | 36,966 | [2] | 1,114,717 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | 100,762 | [2] | 122,990 | [2] | ' | ' | ' | [2] | ' | [2] | 773 | [2] | 34,891 | [2] | 124,047 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | 2,045 | [2] | ' | ' | ' | [2] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | 208,919 | [2] | 476,388 | [2] | ' | ' | 40,558 | [2] | 8,095 | [2] | ' | [2],[5] | ' | [2],[4] | -811,364 | [2] | -385,887 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -17,492 | [2] | 12,197 | [2] | -107,570 | [2] | -356,406 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | -69,238 | [2] | -17,218 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | -27,776 | [2] | -1,482 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [1],[2] | -143,487 | [2] | 197,000 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -142,739 | [2] | 24,219 | [2] | 172,781 | [2] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | -630,632 | [2] | -1,273 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -62,495 | [2] | ' | [2] | -367,589 | [2] | 9,865 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | -118,726 | [2] | 81,091 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | -16,358 | [2] | 79,806 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | 1,128,135 | [2] | -15,297,097 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | 458,454 | [2] | -1,309,564 | [2] | 12,489 | [2] | -2,108,322 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [1],[2] | -849,817 | [2] | 3,852,251 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -75,950 | [2] | 99,526 | [2] | -144,815 | [2] | 1,732,960 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | -2,179 | [2] | -76,900 | [2] | ' | ' | ' | [2] | ' | [2] | 8,300 | [2] | -1,703 | [2] | -57,925 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | -5,397,548 | [2] | -7,712,906 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -171,384 | [2] | -1,111,581 | [2] | -757,163 | [2] | -3,453,452 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -8,129 | [2] | 59,128 | [2] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ' | ' | ' | [2] | ' | [1],[2] | 11,513 | [2] | 684 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | -32,829 | [2] | 7,109 | [2] | ' | ' | ' | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | -5,213,763 | [2] | -17,231,857 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | 7,694 | [2] | -12,732,745 | [2] | -1,304,955 | [2] | -3,618,842 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2] | ' | [1],[2] | ' | [1],[2] | ' | [2] | ' | [2] | -591,175 | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[4] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | ' | [2] | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | ' | [2],[4] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2] | -1,182,720 | [2] | ' | [2] | ' | [2] | -923,841 | [2] | ' | [2] | ' | [2] | -669,526 | [2] | ' | [2] | ' | [2] | -3,500,831 | [2] | ' | [2] | ' | [2] | -1,400,082 | [2] | ' | [2] | ' | [2] | -1,446,060 | [2] | ' | [2] | ' | [2] | -1,477,983 | [2] | ' | [2] | ' | [2] | -618,510 | [2] | -467,953 | [2] | -165,363 | [2] | ' | ' | -467,791 | [2] | -165,363 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [1],[2] | -49,615 | [2] | -447,693 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -29,302 | [2] | -328,380 | [2] | ' | [2] | ' | [2],[4] | ' | [2] | ' | [1],[2] | -215,530 | [2] | -540,330 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | -1,443,890 | [2] | ' | ' | [2] | ' | [2] | -445,060 | [2] | ' | [2] | ' | [2],[4] | ' | [2] | ' | [1],[2] | -247,325 | [2] | -1,340,750 | [2] | ' | ' | ' | [2] | ' | [2] | -155,250 | [2] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [2],[4] | -606,485 | [2] | -261,172 | [2] | ' | ' | ' | [2] | ' | [2],[4] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [1],[2] | ' | [2] | ' | [1],[2] | -1,586,908 | [2] | -4,199,198 | [2] | ' | ' | ' | [2] | ' | [2] | ' | [2] | ' | [2] | -29,302 | [2] | -928,690 | [2] | -467,791 | [2] | -165,363 | [2] | ' | [2],[5] | ' | [2],[4] | ' | [2] | ' | [2],[4] |
Investment Owned, at Cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $38,016,039 | ' | ' | ' | ' | ' | $3,702,643 | [3] | $2,126,554 | [3] | $2,295,332 | [3] | $5,719,381 | [3] | $924,044 | [3],[5] | $1,737,971 | [3] | $745,788 | [1],[3] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Frontier XXXIV Balanced select swap (U.S.) | ' | 0.00% | [1],[2] | 2.09% | [2] | 2.35% | [2] | 0.00% | [2] | 0.00% | [2] | -1.33% | [2] | ' | ' | ' | 3.46% | ' | 3.46% | ' | ' | ' | 3.35% | [3] | 4.30% | [3] | 3.89% | [3] | 2.97% | [3] | 3.79% | [3],[4] | 4.42% | [3] | 3.74% | [1],[3] | ' | 0.00% | [2] | ' | ' | -0.26% | [2] | -0.14% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.06% | [2] | 0.00% | [2] | -0.32% | [2] | -0.20% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | -0.02% | [2] | 0.04% | [2] | 0.00% | [2] | 0.00% | [2] | 0.02% | [2] | -0.01% | [2] | 0.05% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | ' | ' | -0.05% | [2] | 0.68% | [2] | 0.00% | [2] | 0.00% | [2] | 0.14% | [2] | -0.08% | [2] | 0.45% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | -0.20% | [2] | -0.34% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.05% | [2] | -0.19% | [2] | -0.50% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | -0.01% | [2] | 0.05% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.10% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 0.00% | [2] | 0.02% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.03% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | -0.14% | [2] | -0.43% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.43% | [2] | -1.58% | [2] | 0.06% | [2] | -0.36% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 0.01% | [2] | -0.03% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.01% | [2] | -0.05% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | -0.02% | [2] | -0.15% | [2] | ' | ' | 0.30% | [2] | -0.12% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.62% | [2] | 0.03% | [2] | 0.35% | [2] | -0.12% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 0.03% | [2] | 0.06% | [2] | 0.00% | [2] | 0.00% | [2] | 0.03% | [2] | 0.04% | [2] | 0.12% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | 0.17% | [2] | -0.08% | [2] | 0.00% | [2] | 0.00% | [2] | -0.01% | [2] | 0.09% | [2] | -0.06% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 0.31% | [2] | 0.50% | [2] | 0.00% | [2] | 0.00% | [2] | 0.06% | [2] | 0.32% | [2] | 0.51% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 0.02% | [2] | -0.02% | [2] | 0.00% | [2] | 0.00% | [2] | -0.02% | [2] | 0.03% | [2] | -0.03% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | -0.34% | [2] | 2.53% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -1.45% | [2] | 1.40% | [2] | -0.12% | [2] | 0.25% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | 0.54% | [2] | -0.41% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.13% | [2] | -0.05% | [2] | 0.17% | [2] | -0.82% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.03% | [2] | -0.04% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 2.13% | [2] | 0.67% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.02% | [2] | 1.45% | [2] | 0.04% | [2] | 0.44% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | 2.48% | [2] | 2.83% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -1.33% | [2] | 14.70% | [2] | 0.38% | [2] | 1.00% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.13% | [2] | -0.58% | [2] | -0.01% | [2] | 0.03% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | ' | 0.01% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 2.53% | [2] | 0.00% | [2] | 0.00% | [2] | -1.31% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 1.94% | [2] | 0.00% | [2] | 0.00% | [2] | 1.19% | [2] | 0.00% | [2] | 0.00% | [2] | 3.00% | [2] | 0.00% | [2] | 0.00% | [2] | 2.91% | [2] | 0.00% | [2] | 0.00% | [2] | 2.65% | [2] | 0.00% | [2] | 0.00% | [2] | 1.03% | [2] | 0.00% | [2] | 0.00% | [2] | 1.18% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 1.16% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2] | ' | ' | 0.19% | [2] | 0.08% | [2] | 0.47% | [2] | 0.18% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | 0.12% | [2] | 0.25% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.95% | [2] | 1.58% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | 0.05% | [2] | ' | 0.01% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | ' | ' | 0.00% | [2] | 1.21% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.01% | [2] | 2.31% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | 0.56% | [2] | 0.00% | [2] | 0.00% | [2] | 0.84% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2],[4] | ' | ' | 0.60% | [2] | 0.44% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | 0.14% | [2] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | 0.97% | [2] | 2.68% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.71% | [2] | 4.73% | [2] | 0.47% | [2] | 0.18% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 1.65% | [2] | 0.00% | [1],[2] | 0.13% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | ' | ' | ' | 0.13% | [2] | -0.15% | [2] | 0.00% | [2],[5] | ' | 0.24% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[5] | 0.00% | [2] | 0.00% | [1],[2] | ' | 0.24% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[5] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | -0.59% | [2] | -0.27% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | 3.42% | [6] | 7.26% | [7] | 0.00% | [4],[7] | ' | 0.52% | [6] | ' | 0.35% | [6] | 5.23% | [7] | ' | ' | 4.29% | [6] | 3.55% | [7] | 0.00% | [7] | 8.41% | [7] | 5.73% | [7] | 9.10% | [7] | 0.00% | [5],[7] | 0.00% | [4],[7] | 2.26% | [7] | ' | 5.73% | [7] | 0.00% | [5],[7] | 1.37% | [7] | ' | 0.74% | [7] | ' | 3.55% | [7] | 0.00% | [7] | 0.00% | [7] | 0.86% | [7] | ' | 0.00% | [7] | 0.00% | [7] | 8.41% | [7] | 1.84% | [7] | 0.00% | [4],[7] | ' | 0.00% | [1],[2] | -0.01% | [2] | 0.07% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.01% | [2] | -0.14% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | ' | 0.00% | [1],[2] | 0.01% | [2] | 0.12% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.26% | [2] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | 0.00% | [2] | 0.02% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.04% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | ' | 0.00% | [1],[2] | 0.42% | [2] | 0.47% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 1.85% | [2] | 1.15% | [2] | 0.03% | [2] | 0.46% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | 0.03% | [2] | 0.02% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.03% | [2] | 0.05% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | ' | 0.06% | [2] | 0.09% | [2] | 0.03% | [2] | 0.00% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | ' | 0.00% | [1],[2] | -0.25% | [2] | 0.07% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.05% | [2] | 0.02% | [2] | -0.08% | [2] | -0.15% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | ' | -0.02% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.02% | [2] | 0.00% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | 0.00% | [1],[2] | -0.04% | [2] | 0.04% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.43% | [2] | 0.04% | [2] | 0.07% | [2] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | -0.19% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.19% | [2] | 0.00% | [2] | -0.28% | [2] | 0.00% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | -0.04% | [2] | 0.02% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.01% | [2] | 0.03% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | 0.34% | [2] | 2.94% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 1.37% | [2] | -2.13% | [2] | 0.01% | [2] | -0.86% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | ' | 0.00% | [1],[2] | -0.26% | [2] | 0.74% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.23% | [2] | 0.16% | [2] | -0.11% | [2] | 0.71% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | 0.00% | [2] | 0.01% | [2] | 0.00% | [2] | 0.00% | [2] | 0.01% | [2] | 0.00% | [2] | -0.02% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | -1.64% | [2] | 1.48% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.51% | [2] | -1.81% | [2] | -0.59% | [2] | -1.41% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.02% | [2] | 0.10% | [2] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | 0.00% | [1],[2] | 0.00% | [2] | ' | ' | ' | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | -0.01% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | ' | 0.00% | [1],[2] | -1.60% | [2] | 3.29% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.03% | [2] | -20.76% | [2] | -1.00% | [2] | -1.95% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | ' | 0.00% | [1],[2] | ' | 0.00% | [2] | 0.00% | [2] | -1.76% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2],[4] | ' | ' | 0.00% | [2] | 0.00% | [2] | -1.93% | [2] | 0.00% | [2] | 0.00% | [2] | -1.51% | [2] | 0.00% | [2] | 0.00% | [2] | -1.09% | [2] | 0.00% | [2] | 0.00% | [2] | -5.71% | [2] | 0.00% | [2] | 0.00% | [2] | -2.28% | [2] | 0.00% | [2] | 0.00% | [2] | -2.36% | [2] | 0.00% | [2] | 0.00% | [2] | -2.41% | [2] | 0.00% | [2] | 0.00% | [2] | -1.01% | [2] | ' | ' | -0.14% | [2] | 0.03% | [2] | -0.36% | [2] | -0.07% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | -0.02% | [2] | 0.09% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.09% | [2] | -0.54% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | -0.07% | [2] | 0.10% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | ' | 0.28% | [2] | 0.00% | [2] | 0.00% | [2] | -0.73% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | -0.08% | [2] | 0.26% | [2] | 0.00% | [2] | 0.00% | [2] | -0.25% | [2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [2],[4] | ' | ' | -0.18% | [2] | 0.05% | [2] | 0.00% | [2] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [1],[2] | 0.00% | [2] | 0.00% | [1],[2] | ' | ' | -0.49% | [2] | 0.81% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | 0.00% | [2] | -0.09% | [2] | -1.52% | [2] | -0.36% | [2] | -0.07% | [2] | 0.00% | [2],[5] | 0.00% | [2],[4] | 0.00% | [2] | 0.00% | [2],[4] |
[1] | Formerly the Winton/Graham Series. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | Except for those items disclosed, no individual futures, forwards and option on futures contract position constituted greater than 1 percent of Net Asset Value. Accordingly, the number of contracts and expiration dates are not presented. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[3] | Assets have been allocated to each Series based upon ownership in the cash management pool. See Note 2. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[4] | Formerly the Tiverton/Graham/Tiverton Series. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[5] | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[6] | See Notes to the Consolidated Financial Statements, Note 4. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[7] | See Note 4 to the Financial Statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[8] | Values are for both the Managing Owner and Limited Owners. |
Condensed_Schedules_of_Investm1
Condensed Schedules of Investments (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | ||||||||||||||
Maximum [Member] | Maximum [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | LONG FUTURES CONTRACTS [Member] | OPTIONS PURCHASED [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | SHORT FUTURES CONTRACTS [Member] | The Frontier Fund [Member] | |||||||||||||||
U.S. Treasury Note 4.000% due 02/15/2015 [Member] | U.S. Treasury Note 4.000% due 02/15/2015 [Member] | U.S. Treasury Note 4.000% due 02/15/2015 [Member] | U.S. Treasury Note 4.000% due 02/15/2015 [Member] | U.S. Treasury Note 4.000% due 02/15/2015 [Member] | U.S. Treasury Note 4.000% due 02/15/2015 [Member] | U.S. Treasury Note 4.000% due 02/15/2015 [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | U.S. Treasury Note 4.000% due 02/15/2015 (Cost $38,016,039) [Member] | |||||||||||||||||
Crude Oil Settling 3/1/2014 (Number of Contracts: 539) [Member] | Corn Settling 3/1/2014 (Number of Contracts: 271) [Member] | Brent Crude Oil Settling 4/1/2013 (Number Of Contracts: 497) [Member] | Brent Crude Oil Settling 9/1/2013 (Number Of Contracts: 270) [Member] | Crude Oil Settling 2/1/2013 (Number of Contracts: 566) [Member] | Crude Oil Settling 2/1/2014 (Number of Contracts: 606) [Member] | Crude Oil Settling 4/1/2014 (Number of Contracts: 428) [Member] | Crude Oil Settling 8/1/2014 (Number of Contracts: 219) [Member] | Crude Oil Settling 1/1/2015 (Number of Contracts: 191) [Member] | Corn Settling 5/1/2014 (Number of Contracts: 317) [Member] | 90 Day Euro Time Deposit Settling 12/1/2015 (Number of Contracts: 627) [Member] | Brent Crude Oil, Settling 6/1/2013 (Number of Contracts: 424) [Member] | Crude Oil, Settling 4/1/2013 (Number of Contracts: 323) [Member] | Crude Oil, Settling 5/1/2013 (Number of Contracts: 166) [Member] | Crude Oil, Settling 6/1/2013 (Number of Contracts: 787) [Member] | Crude Oil, Settling 7/1/2013 (Number of Contracts: 290) [Member] | Crude Oil, Settling 3/1/2014 (Number of Contracts: 450) [Member] | Crude Oil, Settling 6/1/2014 (Number of Contracts: 449) [Member] | Crude Oil, Settling 9/1/2014 (Number of Contracts: 219) [Member] | |||||||||||||||||||||||||
Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | Contract | |||||||||||||||||||||||||
Schedule of Investments [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||
Number of Contracts | ' | ' | ' | ' | ' | ' | ' | ' | ' | 539 | 271 | 497 | [1] | 270 | [1] | 566 | [1] | 606 | [1] | 428 | [1] | 219 | [1] | 191 | [1] | 317 | 627 | 424 | 323 | 166 | 787 | 290 | 450 | 449 | 219 | ' | |||||||
Settling | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1-Mar-14 | 1-Mar-14 | 1-Apr-13 | [1] | 1-Sep-13 | [1] | 1-Feb-13 | [1] | 1-Apr-14 | [1] | 1-Apr-14 | [1] | 1-Aug-14 | [1] | 1-Jan-15 | [1] | 1-May-14 | 1-Dec-15 | 1-Jun-13 | 1-Apr-13 | 1-May-13 | 1-Jun-13 | 1-Jul-13 | 1-Mar-14 | 1-Jun-14 | 1-Sep-14 | ' | |||||||
Percentage of individual futures, forwards and option on futures contract to net asset value | 1.00% | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||
Investment Owned, Underlying Face Amount, at Market Value | ' | ' | $3,574,465 | [2] | $2,052,937 | [2] | $2,215,872 | [2] | $5,521,388 | [2] | $892,056 | [2],[3] | $1,677,806 | [2] | $719,971 | [2],[4] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $36,700,000 | |||||||
Investment Owned, at Cost | ' | ' | $3,702,643 | [2] | $2,126,554 | [2] | $2,295,332 | [2] | $5,719,381 | [2] | $924,044 | [2],[3] | $1,737,971 | [2] | $745,788 | [2],[4] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $38,016,039 | |||||||
Rate | ' | ' | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% | [3] | 4.00% | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.00% | |||||||||||||
Debt Instrument, Maturity Date | ' | ' | 15-Feb-15 | 15-Feb-15 | 15-Feb-15 | 15-Feb-15 | 15-Feb-15 | [3] | 15-Feb-15 | 15-Feb-15 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15-Feb-15 | |||||||||||||
[1] | Except for those items disclosed, no individual futures, forwards and option on futures contract position constituted greater than 1 percent of Net Asset Value. Accordingly, the number of contracts and expiration dates are not presented. | ||||||||||||||||||||||||||||||||||||||||||
[2] | Assets have been allocated to each Series based upon ownership in the cash management pool. See Note 2. | ||||||||||||||||||||||||||||||||||||||||||
[3] | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||||||||||||
[4] | Formerly the Winton/Graham Series. |
Statement_of_Operations
Statement of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |||||
The Frontier Fund [Member] | ' | ' | ' | ' | ||||
Investment income: | ' | ' | ' | ' | ||||
Interest - net | $1,140,637 | $1,377,089 | $3,703,455 | $4,334,714 | ||||
Total Income | 1,140,637 | 1,377,089 | 3,703,455 | 4,334,714 | ||||
Expenses: | ' | ' | ' | ' | ||||
Incentive Fees | 0 | 5,789,666 | 889,025 | 11,463,249 | ||||
Management Fees | 1,981,543 | 3,191,672 | 6,708,693 | 9,758,788 | ||||
Service Fees - Class 1 | 1,650,323 | 2,540,950 | 5,718,063 | 7,980,617 | ||||
Trading Fees | 1,281,476 | 1,987,736 | 4,533,240 | 6,019,122 | ||||
Total Expenses | 4,913,342 | 13,510,024 | 17,849,021 | 35,221,776 | ||||
Investment (loss) - net | -3,772,705 | -12,132,935 | -14,145,566 | -30,887,062 | ||||
Realized and unrealized gain/(loss) on investments: | ' | ' | ' | ' | ||||
Net realized gain/(loss) on futures, forwards and options | -18,537,056 | -14,031,019 | -31,209,297 | 5,493,499 | ||||
Net change in open trade equity/(deficit) | 2,716,062 | 36,395,403 | 1,579,799 | 25,316,847 | ||||
Net realized gain/(loss) on swap contracts | -1,646,391 | ' | -3,555,134 | -525,237 | ||||
Net unrealized gain/(loss) on swap contracts | -2,600,517 | 259,527 | -2,763,657 | 1,538,438 | ||||
Net realized gain/(loss) on U.S. Treasury securities | ' | ' | 1,078,008 | 854,738 | ||||
Net unrealized gain/(loss) on U.S. Treasury securities | ' | -173,695 | -1,157,776 | -1,832,445 | ||||
Trading commissions | -1,106,569 | -1,914,850 | -4,004,456 | -6,051,637 | ||||
Net realized gain/(loss) on investment in Berkeley Quantitative Colorado Fund LLC | ' | ' | ' | -2,172,987 | ||||
Net unrealized gain/(loss) on investment in Berkeley Quantitative Colorado Fund LLC | ' | ' | ' | 2,084,880 | ||||
Net gain/(loss) on investments | -21,174,471 | 20,535,366 | -40,032,513 | 24,706,096 | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | -24,947,176 | 8,402,431 | -54,178,079 | -6,180,966 | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | ' | ' | -54,178,079 | ' | ||||
Frontier Diversified Series [Member] | ' | ' | ' | ' | ||||
Investment income: | ' | ' | ' | ' | ||||
Interest - net | 399,992 | 524,861 | 1,338,676 | 1,668,101 | ||||
Total Income | 399,992 | 524,861 | 1,338,676 | 1,668,101 | ||||
Expenses: | ' | ' | ' | ' | ||||
Incentive Fees | ' | 1,456,640 | 184,498 | 3,079,256 | ||||
Management Fees | 333,759 | 443,895 | 1,131,997 | 1,445,371 | ||||
Service Fees - Class 1 | 225,937 | 1,456,640 | 822,240 | 3,079,256 | ||||
Trading Fees | 475,785 | 735,492 | 1,726,597 | 2,258,377 | ||||
Total Expenses | 1,035,481 | 3,002,858 | 3,865,332 | 7,914,352 | ||||
Investment (loss) - net | -635,489 | -2,477,997 | -2,526,656 | -6,246,251 | ||||
Realized and unrealized gain/(loss) on investments: | ' | ' | ' | ' | ||||
Net realized gain/(loss) on futures, forwards and options | ' | ' | 734,081 | ' | ||||
Net change in open trade equity/(deficit) | ' | ' | -566,777 | ' | ||||
Net realized gain/(loss) on swap contracts | -986,342 | ' | ' | -106,862 | ||||
Net unrealized gain/(loss) on swap contracts | ' | ' | -986,342 | -23,719 | ||||
Net realized gain/(loss) on U.S. Treasury securities | ' | ' | 221,284 | 176,189 | ||||
Net unrealized gain/(loss) on U.S. Treasury securities | ' | -35,655 | -236,981 | -380,530 | ||||
Trading commissions | ' | ' | -5,416 | ' | ||||
Change in fair value of investments in unconsolidated trading companies | -5,709,980 | 3,123,724 | -13,058,787 | 5,278,098 | ||||
Net gain/(loss) on investments | -6,696,322 | 3,088,069 | -13,898,938 | 4,943,176 | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | -7,331,811 | 610,072 | -16,425,594 | -1,303,075 | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | -7,331,811 | 610,072 | -16,425,594 | -1,303,075 | ||||
Frontier Diversified Series [Member] | Class 1 [Member] | ' | ' | ' | ' | ||||
Expenses: | ' | ' | ' | ' | ||||
Service Fees - Class 1 | 225,937 | 366,831 | 822,240 | 1,131,348 | ||||
Frontier Diversified Series [Member] | Total Owner Class 1 [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($7.42) | $0.22 | ($16.27) | ($1.58) | ||||
Frontier Diversified Series [Member] | Total Owner Class 2 [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($7.59) | $0.67 | ($16.22) | ($0.30) | ||||
Frontier Masters Series [Member] | ' | ' | ' | ' | ||||
Investment income: | ' | ' | ' | ' | ||||
Interest - net | 192,004 | 251,275 | 647,376 | 780,501 | ||||
Total Income | 192,004 | 251,275 | 647,376 | 780,501 | ||||
Expenses: | ' | ' | ' | ' | ||||
Incentive Fees | ' | 403,573 | ' | 488,081 | ||||
Management Fees | 315,200 | 364,814 | 970,110 | 1,069,958 | ||||
Service Fees - Class 1 | 156,560 | 403,573 | 508,375 | 488,081 | ||||
Trading Fees | 252,770 | 342,724 | 834,173 | 979,635 | ||||
Total Expenses | 724,530 | 1,318,639 | 2,312,658 | 3,122,108 | ||||
Investment (loss) - net | -532,526 | -1,067,364 | -1,665,282 | -2,341,607 | ||||
Realized and unrealized gain/(loss) on investments: | ' | ' | ' | ' | ||||
Net realized gain/(loss) on futures, forwards and options | ' | 626,741 | ' | 4,064,894 | ||||
Net change in open trade equity/(deficit) | ' | -158,295 | ' | -1,006,677 | ||||
Net realized gain/(loss) on swap contracts | ' | ' | ' | -55,669 | ||||
Net unrealized gain/(loss) on swap contracts | ' | ' | ' | -2,775 | ||||
Net realized gain/(loss) on U.S. Treasury securities | ' | ' | 107,483 | 84,120 | ||||
Net unrealized gain/(loss) on U.S. Treasury securities | ' | -17,319 | -118,107 | -179,102 | ||||
Trading commissions | ' | -47,113 | ' | -119,270 | ||||
Change in fair value of investments in unconsolidated trading companies | -2,509,310 | 2,394,445 | -4,193,804 | 2,888,613 | ||||
Net gain/(loss) on investments | -2,509,310 | 2,798,459 | -4,204,428 | 5,674,134 | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | -3,041,836 | 1,731,095 | -5,869,710 | 3,332,527 | ||||
Less: Operations attributable to non-controlling interests | ' | 148,709 | ' | 676,097 | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | -3,041,836 | 1,582,386 | -5,869,710 | 2,656,430 | ||||
Frontier Masters Series [Member] | Class 1 [Member] | ' | ' | ' | ' | ||||
Expenses: | ' | ' | ' | ' | ||||
Service Fees - Class 1 | 156,560 | 207,528 | 508,375 | 584,434 | ||||
Frontier Masters Series [Member] | Total Owner Class 1 [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($6.87) | $2.88 | ($13.24) | $4.67 | ||||
Frontier Masters Series [Member] | Total Owner Class 2 [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($6.96) | $3.52 | ($12.86) | $6.34 | ||||
Frontier Long/Short Commodity Series [Member] | ' | ' | ' | ' | ||||
Investment income: | ' | ' | ' | ' | ||||
Interest - net | 249,355 | 336,190 | 834,637 | 1,047,821 | ||||
Total Income | 249,355 | 336,190 | 834,637 | 1,047,821 | ||||
Expenses: | ' | ' | ' | ' | ||||
Incentive Fees | ' | 585,049 | ' | 1,059,204 | ||||
Management Fees | 518,079 | 868,971 | 1,747,261 | 2,599,254 | ||||
Service Fees - Class 1 | 71,049 | 585,049 | 255,223 | 1,059,204 | ||||
Trading Fees | 146,883 | 266,738 | 548,982 | 778,408 | ||||
Total Expenses | 736,011 | 1,833,637 | 2,551,466 | 4,789,770 | ||||
Investment (loss) - net | -486,656 | -1,497,447 | -1,716,829 | -3,741,949 | ||||
Realized and unrealized gain/(loss) on investments: | ' | ' | ' | ' | ||||
Net realized gain/(loss) on futures, forwards and options | -6,125,553 | -37,284,952 | -6,256,541 | -35,422,568 | ||||
Net change in open trade equity/(deficit) | 3,443,127 | 39,443,564 | 52,457 | 33,169,426 | ||||
Net realized gain/(loss) on swap contracts | -60,503 | ' | ' | -58,693 | ||||
Net unrealized gain/(loss) on swap contracts | ' | ' | -60,503 | -20,529 | ||||
Net realized gain/(loss) on U.S. Treasury securities | ' | ' | 138,776 | 110,579 | ||||
Net unrealized gain/(loss) on U.S. Treasury securities | ' | -22,359 | -148,620 | -234,541 | ||||
Trading commissions | -309,658 | -503,103 | -1,093,840 | -1,401,958 | ||||
Change in fair value of investments in unconsolidated trading companies | -350,898 | -647,557 | -1,010,415 | -1,826,300 | ||||
Net gain/(loss) on investments | -3,403,485 | 985,593 | -8,378,686 | -5,684,584 | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | -3,890,141 | -511,854 | -10,095,515 | -9,426,533 | ||||
Less: Operations attributable to non-controlling interests | -1,606,510 | -5,316,448 | -4,287,954 | -10,770,288 | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | -2,283,631 | 4,804,594 | -5,807,561 | 1,343,755 | ||||
Frontier Long/Short Commodity Series [Member] | Class 1 [Member] | ' | ' | ' | ' | ||||
Expenses: | ' | ' | ' | ' | ||||
Service Fees - Class 1 | 71,049 | 112,879 | 255,223 | 352,904 | ||||
Frontier Long/Short Commodity Series [Member] | Total Owner Class 1 [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | $7.34 | ' | $0.72 | ||||
Frontier Long/Short Commodity Series [Member] | Total Owner Class 1a [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($6.30) | $8.16 | ($14.98) | $1.71 | ||||
Frontier Long/Short Commodity Series [Member] | Total Owner Class 2 [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($8.37) | $11.08 | ($19.56) | $3.31 | ||||
Frontier Long/Short Commodity Series [Member] | Total Owner Class 2a [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($6.30) | $9.10 | ($14.61) | $3.41 | ||||
Frontier Long/Short Commodity Series [Member] | Total Owner Class 3 [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($8.37) | $11.15 | ($19.57) | $3.37 | ||||
Balanced Series [Member] | ' | ' | ' | ' | ||||
Investment income: | ' | ' | ' | ' | ||||
Interest - net | 123,819 | 22,120 | 246,370 | 208,856 | ||||
Total Income | 123,819 | 22,120 | 246,370 | 208,856 | ||||
Expenses: | ' | ' | ' | ' | ||||
Incentive Fees | ' | 3,268,561 | 657,063 | 6,553,867 | ||||
Management Fees | 334,849 | 601,212 | 1,250,878 | 1,940,876 | ||||
Service Fees - Class 1 | 741,647 | 3,268,561 | 2,658,114 | 6,553,867 | ||||
Trading Fees | 261,429 | 443,728 | 934,900 | 1,373,998 | ||||
Total Expenses | 1,337,925 | 5,553,832 | 5,500,955 | 13,714,736 | ||||
Investment (loss) - net | -1,214,106 | -5,531,712 | -5,254,585 | -13,505,880 | ||||
Realized and unrealized gain/(loss) on investments: | ' | ' | ' | ' | ||||
Net realized gain/(loss) on futures, forwards and options | 1,183,617 | 19,443,157 | -1,691,547 | 33,748,231 | ||||
Net change in open trade equity/(deficit) | -1,457,328 | -2,873,395 | -257,325 | -337,037 | ||||
Net realized gain/(loss) on swap contracts | -1,645,980 | ' | -3,554,723 | -175,294 | ||||
Net unrealized gain/(loss) on swap contracts | -998,324 | 259,527 | -225,707 | 1,590,654 | ||||
Net realized gain/(loss) on U.S. Treasury securities | ' | ' | 362,137 | 290,166 | ||||
Net unrealized gain/(loss) on U.S. Treasury securities | ' | -58,350 | -387,826 | -632,344 | ||||
Trading commissions | -214,905 | -1,250,434 | -1,361,766 | -3,926,501 | ||||
Change in fair value of investments in unconsolidated trading companies | -6,903,390 | -2,928,309 | -15,834,449 | -8,615,816 | ||||
Net gain/(loss) on investments | -10,036,310 | 12,592,196 | -22,951,206 | 21,942,059 | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | -11,250,416 | 7,060,484 | -28,205,791 | 8,436,179 | ||||
Less: Operations attributable to non-controlling interests | -1,528,637 | 6,167,281 | -2,141,659 | 10,396,433 | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | -9,721,779 | 893,203 | -26,064,132 | -1,960,254 | ||||
Balanced Series [Member] | Class 1 [Member] | ' | ' | ' | ' | ||||
Expenses: | ' | ' | ' | ' | ||||
Service Fees - Class 1 | 741,647 | 1,240,331 | 2,658,114 | 3,845,995 | ||||
Balanced Series [Member] | Total Owner Class 1 [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($7.17) | $0.14 | ($18.60) | ($1.71) | ||||
Balanced Series [Member] | Total Owner Class 1a [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | $4.45 | ' | $4.13 | ||||
Balanced Series [Member] | Total Owner Class 2 [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($8.34) | $1.29 | ($21) | $1.28 | ||||
Balanced Series [Member] | Total Owner Class 2a [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($6.58) | $1.16 | ($16.25) | $1.80 | ||||
Balanced Series [Member] | Total Owner Class 3a [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($6.56) | [1] | $1.18 | ($16.21) | [1] | $1.36 | ||
Frontier Select Series [Member] | ' | ' | ' | ' | ||||
Investment income: | ' | ' | ' | ' | ||||
Interest - net | 68,662 | [2],[3] | 75,086 | [2] | 246,719 | [2] | 159,048 | [2] |
Total Income | 68,662 | [2],[3] | 75,086 | [2] | 246,719 | [2] | 159,048 | [2] |
Expenses: | ' | ' | ' | ' | ||||
Incentive Fees | ' | 7,136 | [2] | ' | 65,989 | [2] | ||
Management Fees | 140,444 | [2],[3] | 326,209 | [2] | 487,737 | [2] | 956,639 | [2] |
Service Fees - Class 1 | 141,965 | 7,136 | 452,617 | 65,989 | ||||
Trading Fees | 40,356 | [2],[3] | 60,869 | [2] | 128,680 | [2] | 193,716 | [2] |
Total Expenses | 322,765 | [2],[3] | 607,981 | [2] | 1,069,034 | [2] | 1,903,130 | [2] |
Investment (loss) - net | -254,103 | [2],[3] | -532,895 | [2] | -822,315 | [2] | -1,744,082 | [2] |
Realized and unrealized gain/(loss) on investments: | ' | ' | ' | ' | ||||
Net realized gain/(loss) on swap contracts | ' | ' | ' | -34,232 | [2] | |||
Net unrealized gain/(loss) on swap contracts | ' | ' | ' | -2,448 | [2] | |||
Net realized gain/(loss) on U.S. Treasury securities | ' | ' | 78,233 | [2] | 59,410 | [2] | ||
Net unrealized gain/(loss) on U.S. Treasury securities | ' | -12,605 | [2] | -83,782 | [2] | -119,961 | [2] | |
Change in fair value of investments in unconsolidated trading companies | -1,021,631 | [2],[3] | 323,029 | [2] | 338,654 | [2] | -122,653 | [2] |
Net realized gain/(loss) on investment in Berkeley Quantitative Colorado Fund LLC | ' | ' | ' | -2,172,987 | [2] | |||
Net unrealized gain/(loss) on investment in Berkeley Quantitative Colorado Fund LLC | ' | ' | ' | 2,084,880 | [2] | |||
Net gain/(loss) on investments | -1,021,631 | [2],[3] | 310,424 | [2] | 333,105 | [2] | -307,991 | [2] |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | -1,275,734 | [2],[3] | -222,471 | [2] | -489,210 | [2] | -2,052,073 | [2] |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | -1,275,734 | [2],[3] | -222,471 | [2] | -489,210 | [2] | -2,052,073 | [2] |
Frontier Select Series [Member] | Class 1 [Member] | ' | ' | ' | ' | ||||
Expenses: | ' | ' | ' | ' | ||||
Service Fees - Class 1 | 141,965 | [2],[3] | 213,767 | [2] | 452,617 | [2] | 686,786 | [2] |
Frontier Select Series [Member] | Total Owner Class 1 [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($4.99) | [2],[3] | ($0.99) | [2] | ($2.64) | [2] | ($5.72) | [2] |
Frontier Select Series [Member] | Total Owner Class 2 [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($5.65) | [2],[3] | $0.08 | [2] | ($1.16) | [2] | ($4.72) | [2] |
Winton Series [Member] | ' | ' | ' | ' | ||||
Investment income: | ' | ' | ' | ' | ||||
Interest - net | 66,992 | 127,814 | 271,603 | 386,507 | ||||
Total Income | 66,992 | 127,814 | 271,603 | 386,507 | ||||
Expenses: | ' | ' | ' | ' | ||||
Incentive Fees | ' | 259,965 | ' | 787,335 | ||||
Management Fees | 264,894 | 259,965 | 785,269 | 787,335 | ||||
Service Fees - Class 1 | 211,612 | ' | 661,315 | ' | ||||
Trading Fees | 72,271 | 84,533 | 223,928 | 263,127 | ||||
Total Expenses | 548,777 | 602,347 | 1,670,512 | 1,857,001 | ||||
Investment (loss) - net | -481,785 | -474,533 | -1,398,909 | -1,470,494 | ||||
Realized and unrealized gain/(loss) on investments: | ' | ' | ' | ' | ||||
Net realized gain/(loss) on swap contracts | ' | ' | ' | -57,781 | ||||
Net unrealized gain/(loss) on swap contracts | ' | ' | ' | -7,291 | ||||
Net realized gain/(loss) on U.S. Treasury securities | ' | ' | 115,236 | 90,903 | ||||
Net unrealized gain/(loss) on U.S. Treasury securities | ' | -18,568 | -123,411 | -193,198 | ||||
Change in fair value of investments in unconsolidated trading companies | -380,598 | 602,511 | 1,408,825 | -1,345,966 | ||||
Net gain/(loss) on investments | -380,598 | 583,943 | 1,400,650 | -1,513,333 | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | -862,383 | 109,410 | 1,741 | -2,983,827 | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | -862,383 | 109,410 | 1,741 | -2,983,827 | ||||
Winton Series [Member] | Class 1 [Member] | ' | ' | ' | ' | ||||
Expenses: | ' | ' | ' | ' | ||||
Service Fees - Class 1 | 211,612 | 257,849 | 661,315 | 806,539 | ||||
Winton Series [Member] | Total Owner Class 1 [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($3.19) | $0.01 | ($1.11) | ($9.40) | ||||
Winton Series [Member] | Total Owner Class 2 [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($2.68) | $1.16 | $2.21 | ($7.54) | ||||
Frontier Heritage Series [Member] | ' | ' | ' | ' | ||||
Investment income: | ' | ' | ' | ' | ||||
Interest - net | 29,602 | [4] | 31,821 | [4] | 102,598 | [5] | 85,811 | [5] |
Total Income | 29,602 | [4] | 31,821 | [4] | 102,598 | [5] | 85,811 | [5] |
Expenses: | ' | ' | ' | ' | ||||
Incentive Fees | ' | 225,076 | ' | 813,420 | ||||
Management Fees | 74,121 | [4] | 225,076 | [4] | 288,326 | [5] | 813,420 | [5] |
Service Fees - Class 1 | 101,377 | ' | 337,523 | ' | ||||
Trading Fees | 31,828 | [4] | 47,300 | [4] | 105,156 | [5] | 151,266 | [5] |
Total Expenses | 207,326 | [4] | 425,439 | [4] | 731,005 | [5] | 1,455,957 | [5] |
Investment (loss) - net | -177,724 | [4] | -393,618 | [4] | -628,407 | [5] | -1,370,146 | [5] |
Realized and unrealized gain/(loss) on investments: | ' | ' | ' | ' | ||||
Net realized gain/(loss) on swap contracts | ' | ' | ' | -30,602 | [5] | |||
Net unrealized gain/(loss) on swap contracts | ' | ' | ' | 943 | [5] | |||
Net realized gain/(loss) on U.S. Treasury securities | ' | ' | 50,795 | [5] | 40,172 | [5] | ||
Net unrealized gain/(loss) on U.S. Treasury securities | ' | -8,184 | [4] | -54,398 | [5] | -85,821 | [5] | |
Change in fair value of investments in unconsolidated trading companies | -249,447 | [4] | 1,185,902 | [4] | 1,099,875 | [5] | 91,196 | [5] |
Net gain/(loss) on investments | -249,447 | [4] | 1,177,718 | [4] | 1,096,272 | [5] | 15,888 | [5] |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | -427,171 | [4] | 784,100 | [4] | 467,865 | [5] | -1,354,258 | [5] |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | -427,171 | [4] | 784,100 | [4] | 467,865 | [5] | -1,354,258 | [5] |
Frontier Heritage Series [Member] | Class 1 [Member] | ' | ' | ' | ' | ||||
Expenses: | ' | ' | ' | ' | ||||
Service Fees - Class 1 | $101,377 | [4] | $153,063 | [4] | $337,523 | [5] | $491,271 | [5] |
Frontier Heritage Series [Member] | Total Owner Class 1 [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($2.53) | [4] | $2.75 | [4] | $1 | [5] | ($5.93) | [5] |
Frontier Heritage Series [Member] | Total Owner Class 2 [Member] | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ' | ' | ' | ' | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ($2.32) | [4] | $4.35 | [4] | $4.05 | [5] | ($4.57) | [5] |
[1] | Class 1a operations ceased July 17, 2012 and all remaining Class 1a Units were exchanged for Class 3a Units. | |||||||
[2] | Formerly the Tiverton/Graham/Transtrend Series. | |||||||
[3] | Class 3a operations began June 17, 2013. | |||||||
[4] | Formerly known as the Tiverton/Graham/Transtrend Series. | |||||||
[5] | Formerly the Winton/Graham Series. |
Statements_of_Changes_in_Owner
Statements of Changes in Owners' Capital (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2013 | |||
The Frontier Fund [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | $519,985,723 | ||
Sale of Units | ' | 8,844,273 | ||
Redemption of Units | ' | -146,394,197 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -54,178,079 | ||
Owners' Capital, Ending balance | 328,257,720 | 328,257,720 | ||
Managing Owner [Member] | The Frontier Fund [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 6,287,766 | ||
Sale of Units | ' | 61,988 | ||
Redemption of Units | ' | -561,990 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -872,437 | ||
Owners' Capital, Ending balance | 4,915,327 | 4,915,327 | ||
Limited Owners [Member] | The Frontier Fund [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 513,697,957 | ||
Sale of Units | ' | 8,782,285 | ||
Redemption of Units | ' | -145,832,207 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -53,305,642 | ||
Owners' Capital, Ending balance | 323,342,393 | 323,342,393 | ||
Frontier Long/Short Commodity Series [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 61,352,164 | ||
Sale of Units | ' | 1,061,453 | ||
Redemption of Units | ' | -20,842,807 | ||
Change in control of ownership - Trading Companies | ' | 1,574,902 | ||
Contributions | ' | 5,619,753 | ||
Distributions | ' | -5,143,244 | ||
Operations attributable to non-controlling interests | -1,606,510 | -4,287,954 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | -2,283,631 | -5,807,561 | ||
Owners' Capital, Ending balance | 33,526,706 | 33,526,706 | ||
Capital - Units, Beginning balance | ' | ' | ||
Capital - Units, Sale of Units | ' | ' | ||
Capital - Units, Redemption of Units | ' | ' | ||
Capital - Units, Ending balance | ' | ' | ||
Net asset value per unit, Beginning Balance | ' | ' | ||
Change in net asset value per unit | ' | ' | ||
Net asset value per unit, Ending balance | ' | ' | ||
Frontier Long/Short Commodity Series [Member] | Managing Owner Class 2 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 449,011 | ||
Sale of Units | ' | ' | ||
Redemption of Units | ' | ' | ||
Change in control of ownership - Trading Companies | ' | ' | ||
Contributions | ' | ' | ||
Distributions | ' | ' | ||
Operations attributable to non-controlling interests | ' | ' | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -60,293 | ||
Owners' Capital, Ending balance | 388,718 | 388,718 | ||
Capital - Units, Beginning balance | ' | 3,083 | ||
Capital - Units, Sale of Units | ' | ' | ||
Capital - Units, Redemption of Units | ' | ' | ||
Capital - Units, Ending balance | 3,083 | 3,083 | ||
Frontier Long/Short Commodity Series [Member] | Limited Owners Class 2 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 6,449,774 | ||
Sale of Units | ' | ' | ||
Redemption of Units | ' | -2,265,262 | ||
Change in control of ownership - Trading Companies | ' | ' | ||
Contributions | ' | ' | ||
Distributions | ' | ' | ||
Operations attributable to non-controlling interests | ' | ' | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -636,894 | ||
Owners' Capital, Ending balance | 3,547,618 | 3,547,618 | ||
Capital - Units, Beginning balance | ' | 44,284 | ||
Capital - Units, Sale of Units | ' | ' | ||
Capital - Units, Redemption of Units | ' | -16,148 | ||
Capital - Units, Ending balance | 28,136 | 28,136 | ||
Net asset value per unit, Beginning Balance | ' | $145.65 | ||
Change in net asset value per unit | ' | ($19.56) | ||
Net asset value per unit, Ending balance | $126.09 | $126.09 | ||
Frontier Long/Short Commodity Series [Member] | Limited Owners Class 3 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 19,761,047 | ||
Sale of Units | ' | ' | ||
Redemption of Units | ' | -6,530,834 | ||
Change in control of ownership - Trading Companies | ' | ' | ||
Contributions | ' | ' | ||
Distributions | ' | ' | ||
Operations attributable to non-controlling interests | ' | ' | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -1,908,538 | ||
Owners' Capital, Ending balance | 11,321,675 | 11,321,675 | ||
Capital - Units, Beginning balance | ' | 135,642 | ||
Capital - Units, Sale of Units | ' | ' | ||
Capital - Units, Redemption of Units | ' | -45,875 | ||
Capital - Units, Ending balance | 89,767 | 89,767 | ||
Net asset value per unit, Beginning Balance | ' | $145.69 | ||
Change in net asset value per unit | ' | ($19.57) | ||
Net asset value per unit, Ending balance | $126.12 | $126.12 | ||
Frontier Long/Short Commodity Series [Member] | Managing Owner Class 1a [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 12,732 | ||
Sale of Units | ' | ' | ||
Redemption of Units | ' | -11,990 | ||
Change in control of ownership - Trading Companies | ' | ' | ||
Contributions | ' | ' | ||
Distributions | ' | ' | ||
Operations attributable to non-controlling interests | ' | ' | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -742 | ||
Owners' Capital, Ending balance | ' | ' | ||
Capital - Units, Beginning balance | ' | 117 | ||
Capital - Units, Sale of Units | ' | ' | ||
Capital - Units, Redemption of Units | ' | -117 | ||
Capital - Units, Ending balance | ' | ' | ||
Frontier Long/Short Commodity Series [Member] | Limited Owners Class 1a [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 18,970,806 | ||
Sale of Units | ' | 676,187 | ||
Redemption of Units | ' | -6,223,643 | ||
Change in control of ownership - Trading Companies | ' | ' | ||
Contributions | ' | ' | ||
Distributions | ' | ' | ||
Operations attributable to non-controlling interests | ' | ' | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -2,179,676 | ||
Owners' Capital, Ending balance | 11,243,674 | 11,243,674 | ||
Capital - Units, Beginning balance | ' | 174,713 | ||
Capital - Units, Sale of Units | ' | 6,334 | ||
Capital - Units, Redemption of Units | ' | -60,926 | ||
Capital - Units, Ending balance | 120,121 | 120,121 | ||
Net asset value per unit, Beginning Balance | ' | $108.58 | ||
Change in net asset value per unit | ' | ($14.98) | ||
Net asset value per unit, Ending balance | $93.60 | $93.60 | ||
Frontier Long/Short Commodity Series [Member] | Managing Owner Class 2a [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 256,560 | ||
Sale of Units | ' | ' | ||
Redemption of Units | ' | ' | ||
Change in control of ownership - Trading Companies | ' | ' | ||
Contributions | ' | ' | ||
Distributions | ' | ' | ||
Operations attributable to non-controlling interests | ' | ' | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -32,480 | ||
Owners' Capital, Ending balance | 224,080 | 224,080 | ||
Capital - Units, Beginning balance | ' | 2,222 | ||
Capital - Units, Sale of Units | ' | ' | ||
Capital - Units, Redemption of Units | ' | ' | ||
Capital - Units, Ending balance | 2,222 | 2,222 | ||
Frontier Long/Short Commodity Series [Member] | Limited Owners Class 2a [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 10,625,551 | ||
Sale of Units | ' | 251,400 | ||
Redemption of Units | ' | -5,811,078 | ||
Change in control of ownership - Trading Companies | ' | ' | ||
Contributions | ' | ' | ||
Distributions | ' | ' | ||
Operations attributable to non-controlling interests | ' | ' | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -983,290 | ||
Owners' Capital, Ending balance | 4,082,583 | 4,082,583 | ||
Capital - Units, Beginning balance | ' | 92,035 | ||
Capital - Units, Sale of Units | ' | 2,208 | ||
Capital - Units, Redemption of Units | ' | -53,755 | ||
Capital - Units, Ending balance | 40,488 | 40,488 | ||
Net asset value per unit, Beginning Balance | ' | $115.45 | ||
Change in net asset value per unit | ' | ($14.61) | ||
Net asset value per unit, Ending balance | $100.84 | $100.84 | ||
Frontier Long/Short Commodity Series [Member] | Managing Owner Class 3a [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | ' | ||
Sale of Units | ' | 11,990 | ||
Redemption of Units | ' | ' | ||
Change in control of ownership - Trading Companies | ' | ' | ||
Contributions | ' | ' | ||
Distributions | ' | ' | ||
Operations attributable to non-controlling interests | ' | ' | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -951 | ||
Owners' Capital, Ending balance | 11,039 | 11,039 | ||
Capital - Units, Beginning balance | ' | ' | ||
Capital - Units, Sale of Units | ' | 109 | ||
Capital - Units, Redemption of Units | ' | ' | ||
Capital - Units, Ending balance | 109 | 109 | ||
Frontier Long/Short Commodity Series [Member] | Limited Owners Class 3a [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | ' | ||
Sale of Units | ' | 121,876 | ||
Redemption of Units | ' | ' | ||
Change in control of ownership - Trading Companies | ' | ' | ||
Contributions | ' | ' | ||
Distributions | ' | ' | ||
Operations attributable to non-controlling interests | ' | ' | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -4,697 | ||
Owners' Capital, Ending balance | 117,179 | 117,179 | ||
Capital - Units, Beginning balance | ' | ' | ||
Capital - Units, Sale of Units | ' | 1,162 | ||
Capital - Units, Redemption of Units | ' | ' | ||
Capital - Units, Ending balance | 1,162 | 1,162 | ||
Net asset value per unit, Beginning Balance | ' | $109.60 | ||
Change in net asset value per unit | ' | ($8.69) | ||
Net asset value per unit, Ending balance | $100.91 | $100.91 | ||
Frontier Long/Short Commodity Series [Member] | Noncontrolling Interest [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 4,826,683 | ||
Sale of Units | ' | ' | ||
Redemption of Units | ' | ' | ||
Change in control of ownership - Trading Companies | ' | 1,574,902 | ||
Contributions | ' | 5,619,753 | ||
Distributions | ' | -5,143,244 | ||
Operations attributable to non-controlling interests | ' | -4,287,954 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | ' | ||
Owners' Capital, Ending balance | 2,590,140 | 2,590,140 | ||
Capital - Units, Beginning balance | ' | ' | ||
Capital - Units, Sale of Units | ' | ' | ||
Capital - Units, Redemption of Units | ' | ' | ||
Capital - Units, Ending balance | ' | ' | ||
Net asset value per unit, Beginning Balance | ' | ' | ||
Change in net asset value per unit | ' | ' | ||
Net asset value per unit, Ending balance | ' | ' | ||
Balanced Series [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 244,969,683 | ||
Sale of Units | ' | 234,538 | ||
Redemption of Units | ' | -53,244,347 | ||
Change in control of ownership - Trading Companies | ' | -51,747,039 | ||
Contributions | ' | 56,807,054 | ||
Distributions | ' | -39,448,498 | ||
Operations attributable to non-controlling interests | -1,528,637 | -2,141,659 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | -9,721,779 | -26,064,132 | ||
Owners' Capital, Ending balance | 129,365,600 | 129,365,600 | ||
Balanced Series [Member] | Limited Owners Class 1 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 143,906,872 | ||
Sale of Units | ' | 223,025 | ||
Redemption of Units | ' | -38,380,811 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -19,367,157 | ||
Owners' Capital, Ending balance | 86,381,929 | 86,381,929 | ||
Capital - Units, Beginning balance | ' | 1,237,173 | ||
Capital - Units, Sale of Units | ' | 2,011 | ||
Capital - Units, Redemption of Units | ' | -355,242 | ||
Capital - Units, Ending balance | 883,942 | 883,942 | ||
Net asset value per unit, Beginning Balance | ' | $116.32 | ||
Change in net asset value per unit | ' | ($18.60) | ||
Net asset value per unit, Ending balance | $97.72 | $97.72 | ||
Balanced Series [Member] | Managing Owner Class 2 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 3,225,784 | ||
Redemption of Units | ' | -547,933 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -439,041 | ||
Owners' Capital, Ending balance | 2,238,810 | 2,238,810 | ||
Capital - Units, Beginning balance | ' | 21,620 | ||
Capital - Units, Redemption of Units | ' | -4,156 | ||
Capital - Units, Ending balance | 17,464 | 17,464 | ||
Balanced Series [Member] | Limited Owners Class 2 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 48,233,784 | ||
Sale of Units | ' | 11,513 | ||
Redemption of Units | ' | -12,952,912 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -5,773,771 | ||
Owners' Capital, Ending balance | 29,518,614 | 29,518,614 | ||
Capital - Units, Beginning balance | ' | 323,274 | ||
Capital - Units, Sale of Units | ' | 80 | ||
Capital - Units, Redemption of Units | ' | -93,092 | ||
Capital - Units, Ending balance | 230,262 | 230,262 | ||
Net asset value per unit, Beginning Balance | ' | $149.20 | ||
Change in net asset value per unit | ' | ($21) | ||
Net asset value per unit, Ending balance | $128.20 | $128.20 | ||
Balanced Series [Member] | Managing Owner Class 2a [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 153,884 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -20,115 | ||
Owners' Capital, Ending balance | 133,769 | 133,769 | ||
Capital - Units, Beginning balance | ' | 1,237 | ||
Capital - Units, Ending balance | 1,237 | 1,237 | ||
Balanced Series [Member] | Limited Owners Class 2a [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 855,636 | ||
Redemption of Units | ' | -257,150 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -91,724 | ||
Owners' Capital, Ending balance | 506,762 | 506,762 | ||
Capital - Units, Beginning balance | ' | 6,880 | ||
Capital - Units, Redemption of Units | ' | -2,192 | ||
Capital - Units, Ending balance | 4,688 | 4,688 | ||
Net asset value per unit, Beginning Balance | ' | $124.36 | ||
Change in net asset value per unit | ' | ($16.25) | ||
Net asset value per unit, Ending balance | $108.11 | $108.11 | ||
Balanced Series [Member] | Limited Owners Class 3a [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 3,776,790 | ||
Redemption of Units | ' | -1,105,541 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -372,324 | ||
Owners' Capital, Ending balance | 2,298,925 | 2,298,925 | ||
Capital - Units, Beginning balance | ' | 30,469 | ||
Capital - Units, Redemption of Units | ' | -9,134 | ||
Capital - Units, Ending balance | 21,335 | 21,335 | ||
Net asset value per unit, Beginning Balance | ' | $123.96 | ||
Change in net asset value per unit | ' | ($16.21) | ||
Net asset value per unit, Ending balance | $107.75 | $107.75 | ||
Balanced Series [Member] | Noncontrolling Interest [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 44,816,933 | ||
Change in control of ownership - Trading Companies | ' | -51,747,039 | ||
Contributions | ' | 56,807,054 | ||
Distributions | ' | -39,448,498 | ||
Operations attributable to non-controlling interests | ' | -2,141,659 | ||
Owners' Capital, Ending balance | 8,286,791 | 8,286,791 | ||
Frontier Diversified Series [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 115,181,572 | ||
Sale of Units | ' | 4,172,537 | ||
Redemption of Units | ' | -34,946,093 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | -7,331,811 | -16,425,594 | ||
Owners' Capital, Ending balance | 67,982,422 | 67,982,422 | ||
Frontier Diversified Series [Member] | Managing Owner Class 1 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 25,959 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -4,473 | ||
Owners' Capital, Ending balance | 21,486 | 21,486 | ||
Capital - Units, Beginning balance | ' | 275 | ||
Capital - Units, Ending balance | 275 | 275 | ||
Frontier Diversified Series [Member] | Limited Owners Class 1 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 58,973,977 | ||
Sale of Units | ' | 1,463,020 | ||
Redemption of Units | ' | -18,058,110 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -8,557,426 | ||
Owners' Capital, Ending balance | 33,821,461 | 33,821,461 | ||
Capital - Units, Beginning balance | ' | 624,740 | ||
Capital - Units, Sale of Units | ' | 16,215 | ||
Capital - Units, Redemption of Units | ' | -208,073 | ||
Capital - Units, Ending balance | 432,882 | 432,882 | ||
Net asset value per unit, Beginning Balance | ' | $94.40 | ||
Change in net asset value per unit | ' | ($16.27) | ||
Net asset value per unit, Ending balance | $78.13 | $78.13 | ||
Frontier Diversified Series [Member] | Managing Owner Class 2 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 1,436,973 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -231,951 | ||
Owners' Capital, Ending balance | 1,205,022 | 1,205,022 | ||
Capital - Units, Beginning balance | ' | 14,301 | ||
Capital - Units, Ending balance | 14,301 | 14,301 | ||
Frontier Diversified Series [Member] | Limited Owners Class 2 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 54,744,663 | ||
Sale of Units | ' | 2,709,517 | ||
Redemption of Units | ' | -16,887,983 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -7,631,744 | ||
Owners' Capital, Ending balance | 32,934,453 | 32,934,453 | ||
Capital - Units, Beginning balance | ' | 544,826 | ||
Capital - Units, Sale of Units | ' | 29,156 | ||
Capital - Units, Redemption of Units | ' | -183,123 | ||
Capital - Units, Ending balance | 390,859 | 390,859 | ||
Net asset value per unit, Beginning Balance | ' | $100.48 | ||
Change in net asset value per unit | ' | ($16.22) | ||
Net asset value per unit, Ending balance | $84.26 | $84.26 | ||
Frontier Masters Series [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 51,486,158 | ||
Sale of Units | ' | 3,139,507 | ||
Redemption of Units | ' | -11,195,145 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | -3,041,836 | -5,869,710 | ||
Owners' Capital, Ending balance | 37,560,810 | 37,560,810 | ||
Frontier Masters Series [Member] | Managing Owner Class 1 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 27,804 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -3,641 | ||
Owners' Capital, Ending balance | 24,163 | 24,163 | ||
Capital - Units, Beginning balance | ' | 275 | ||
Capital - Units, Ending balance | 275 | 275 | ||
Frontier Masters Series [Member] | Limited Owners Class 1 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 34,575,695 | ||
Sale of Units | ' | 2,545,424 | ||
Redemption of Units | ' | -6,636,880 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -4,198,125 | ||
Owners' Capital, Ending balance | 26,286,114 | 26,286,114 | ||
Capital - Units, Beginning balance | ' | 341,974 | ||
Capital - Units, Sale of Units | ' | 26,079 | ||
Capital - Units, Redemption of Units | ' | -68,894 | ||
Capital - Units, Ending balance | 299,159 | 299,159 | ||
Net asset value per unit, Beginning Balance | ' | $101.11 | ||
Change in net asset value per unit | ' | ($13.24) | ||
Net asset value per unit, Ending balance | $87.87 | $87.87 | ||
Frontier Masters Series [Member] | Managing Owner Class 2 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 605,508 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -72,357 | ||
Owners' Capital, Ending balance | 533,151 | 533,151 | ||
Capital - Units, Beginning balance | ' | 5,627 | ||
Capital - Units, Ending balance | 5,627 | 5,627 | ||
Frontier Masters Series [Member] | Limited Owners Class 2 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 16,277,151 | ||
Sale of Units | ' | 594,083 | ||
Redemption of Units | ' | -4,558,265 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -1,595,587 | ||
Owners' Capital, Ending balance | 10,717,382 | 10,717,382 | ||
Capital - Units, Beginning balance | ' | 151,262 | ||
Capital - Units, Sale of Units | ' | 5,650 | ||
Capital - Units, Redemption of Units | ' | -43,800 | ||
Capital - Units, Ending balance | 113,112 | 113,112 | ||
Net asset value per unit, Beginning Balance | ' | $107.61 | ||
Change in net asset value per unit | ' | ($12.86) | ||
Net asset value per unit, Ending balance | $94.75 | $94.75 | ||
Frontier Select Series [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 25,344,641 | [1] | |
Sale of Units | ' | 12,067 | [1] | |
Redemption of Units | ' | -5,594,062 | [1] | |
Net increase/(decrease) in Owners' Capital resulting from operations | -1,275,734 | [1],[2] | -489,210 | [1] |
Owners' Capital, Ending balance | 19,273,436 | [1] | 19,273,436 | [1] |
Frontier Select Series [Member] | Limited Owners Class 1 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 22,266,758 | [1] | |
Sale of Units | ' | 12,067 | [1] | |
Redemption of Units | ' | -4,788,445 | [1] | |
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -483,499 | [1] | |
Owners' Capital, Ending balance | 17,006,881 | [1] | 17,006,881 | [1] |
Capital - Units, Beginning balance | ' | 283,073 | [1] | |
Capital - Units, Sale of Units | ' | 150 | [1] | |
Capital - Units, Redemption of Units | ' | -59,509 | [1] | |
Capital - Units, Ending balance | 223,714 | [1] | 223,714 | [1] |
Net asset value per unit, Beginning Balance | ' | $78.66 | [1] | |
Change in net asset value per unit | ' | ($2.64) | [1] | |
Net asset value per unit, Ending balance | $76.02 | [1] | $76.02 | [1] |
Frontier Select Series [Member] | Managing Owner Class 2 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 7,013 | [1] | |
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -82 | [1] | |
Owners' Capital, Ending balance | 6,931 | [1] | 6,931 | [1] |
Capital - Units, Beginning balance | ' | 70 | [1] | |
Capital - Units, Ending balance | 70 | [1] | 70 | [1] |
Frontier Select Series [Member] | Limited Owners Class 2 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 3,070,870 | [1] | |
Redemption of Units | ' | -805,617 | [1] | |
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -5,629 | [1] | |
Owners' Capital, Ending balance | 2,259,624 | [1] | 2,259,624 | [1] |
Capital - Units, Beginning balance | ' | 30,848 | [1] | |
Capital - Units, Redemption of Units | ' | -7,882 | [1] | |
Capital - Units, Ending balance | 22,966 | [1] | 22,966 | [1] |
Net asset value per unit, Beginning Balance | ' | $99.55 | [1] | |
Change in net asset value per unit | ' | ($1.16) | [1] | |
Net asset value per unit, Ending balance | $98.39 | [1] | $98.39 | [1] |
Winton Series [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 40,959,534 | ||
Sale of Units | ' | 134,791 | ||
Redemption of Units | ' | -4,717,899 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | -862,383 | 1,741 | ||
Owners' Capital, Ending balance | 36,378,167 | 36,378,167 | ||
Winton Series [Member] | Limited Owners Class 1 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 30,645,208 | ||
Sale of Units | ' | 134,791 | ||
Redemption of Units | ' | -4,031,879 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | -153,899 | ||
Owners' Capital, Ending balance | 26,594,221 | 26,594,221 | ||
Capital - Units, Beginning balance | ' | 234,414 | ||
Capital - Units, Sale of Units | ' | 1,003 | ||
Capital - Units, Redemption of Units | ' | -30,241 | ||
Capital - Units, Ending balance | 205,176 | 205,176 | ||
Net asset value per unit, Beginning Balance | ' | $130.73 | ||
Change in net asset value per unit | ' | ($1.11) | ||
Net asset value per unit, Ending balance | $129.62 | $129.62 | ||
Winton Series [Member] | Managing Owner Class 2 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 32,721 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | 458 | ||
Owners' Capital, Ending balance | 33,179 | 33,179 | ||
Capital - Units, Beginning balance | ' | 207 | ||
Capital - Units, Ending balance | 207 | 207 | ||
Winton Series [Member] | Limited Owners Class 2 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 10,281,605 | ||
Redemption of Units | ' | -686,020 | ||
Net increase/(decrease) in Owners' Capital resulting from operations | ' | 155,182 | ||
Owners' Capital, Ending balance | 9,750,767 | 9,750,767 | ||
Capital - Units, Beginning balance | ' | 64,952 | ||
Capital - Units, Redemption of Units | ' | -4,203 | ||
Capital - Units, Ending balance | 60,749 | 60,749 | ||
Net asset value per unit, Beginning Balance | ' | $158.30 | ||
Change in net asset value per unit | ' | $2.21 | ||
Net asset value per unit, Ending balance | $160.51 | $160.51 | ||
Frontier Heritage Series [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 20,753,539 | [3] | |
Sale of Units | ' | 32,332 | [3] | |
Redemption of Units | ' | -6,247,787 | [3] | |
Net increase/(decrease) in Owners' Capital resulting from operations | -427,171 | [4] | 467,865 | [3] |
Owners' Capital, Ending balance | 15,005,949 | [3] | 15,005,949 | [3] |
Frontier Heritage Series [Member] | Limited Owners Class 1 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 16,680,498 | [3] | |
Sale of Units | ' | 32,332 | [3] | |
Redemption of Units | ' | -5,066,082 | [3] | |
Net increase/(decrease) in Owners' Capital resulting from operations | ' | 327,765 | [3] | |
Owners' Capital, Ending balance | 11,974,513 | [3] | 11,974,513 | [3] |
Capital - Units, Beginning balance | ' | 176,419 | [3] | |
Capital - Units, Sale of Units | ' | 326 | [3] | |
Capital - Units, Redemption of Units | ' | -51,429 | [3] | |
Capital - Units, Ending balance | 125,316 | [3] | 125,316 | [3] |
Net asset value per unit, Beginning Balance | ' | $94.55 | [3] | |
Change in net asset value per unit | ' | $1 | [3] | |
Net asset value per unit, Ending balance | $95.55 | [3] | $95.55 | [3] |
Frontier Heritage Series [Member] | Managing Owner Class 2 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 51,683 | [3] | |
Net increase/(decrease) in Owners' Capital resulting from operations | ' | 1,735 | [3] | |
Owners' Capital, Ending balance | 53,418 | [3] | 53,418 | [3] |
Capital - Units, Beginning balance | ' | 428 | [3] | |
Capital - Units, Ending balance | 428 | [3] | 428 | [3] |
Frontier Heritage Series [Member] | Limited Owners Class 2 [Member] | ' | ' | ||
Owners' Capital, Beginning balance | ' | 4,021,358 | [3] | |
Redemption of Units | ' | -1,181,705 | [3] | |
Net increase/(decrease) in Owners' Capital resulting from operations | ' | 138,365 | [3] | |
Owners' Capital, Ending balance | $2,978,018 | [3] | $2,978,018 | [3] |
Capital - Units, Beginning balance | ' | 33,325 | [3] | |
Capital - Units, Redemption of Units | ' | -9,447 | [3] | |
Capital - Units, Ending balance | 23,878 | [3] | 23,878 | [3] |
Net asset value per unit, Beginning Balance | ' | $120.67 | [3] | |
Change in net asset value per unit | ' | $4.05 | [3] | |
Net asset value per unit, Ending balance | $124.72 | [3] | $124.72 | [3] |
[1] | Formerly the Tiverton/Graham/Transtrend Series. | |||
[2] | Class 3a operations began June 17, 2013. | |||
[3] | Formerly the Winton/Graham Series. | |||
[4] | Formerly known as the Tiverton/Graham/Transtrend Series. |
Statements_of_Cash_Flows
Statements of Cash Flows (USD $) | 9 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | |||
The Frontier Fund [Member] | ' | ' | ||
Cash Flows from Operating Activities: | ' | ' | ||
Net increase/(decrease) in capital resulting from operations | ($54,178,079) | ($6,180,966) | ||
Net change in open trade equity | 5,173,457 | -25,416,521 | ||
Net change in options written | -2,612,290 | 1,285,103 | ||
Net change in allocation of total return swaps | 3,501 | ' | ||
Net unrealized (gain)/loss on swap contracts | 2,763,657 | -1,538,438 | ||
Net realized (gain) on swap contracts | 3,555,134 | 525,237 | ||
Net unrealized (gain) loss on U.S. Treasury securities, at fair value | 1,157,776 | 1,832,445 | ||
Net realized (gain) loss on U.S. Treasury securities, at fair value | -1,078,008 | -854,738 | ||
Net realized (gain)/loss on investment in Berkeley Quantitative Colorado Fund LLC | ' | 2,172,987 | ||
(Purchases) of swap contracts | -21,880,000 | ' | ||
Net unrealized (gain)/loss on investment in Berkeley Quantitative Colorado Fund LLC | ' | -2,084,880 | ||
Interest rollover of custom time deposits | ' | -2,897,700 | ||
Sales of custom time deposits | 76,007,675 | 25,000,000 | ||
Sales of swap contracts | 20,694,866 | 9,812 | ||
Sales of U.S. Treasury securities | 17,921,554 | 37,864,769 | ||
Sale (purchase) of Berkeley Quantitative Colorado Fund LLC | ' | 6,182,737 | ||
Receivable from futures commission merchants | 81,288,822 | 8,116,123 | ||
Prepaid service fees | 101,896 | 141,468 | ||
Interest receivable | 250,645 | 901,235 | ||
Receivable from related parties | -3,420 | ' | ||
Other assets | 34,993 | -230,951 | ||
Incentive fees payable to Managing Owner | -732,119 | 3,953,375 | ||
Management fees payable to Managing Owner | -402,038 | -113,885 | ||
Interest payable to Managing Owner | -175,293 | -117,504 | ||
Trading fees payable to Managing Owner | -203,645 | -129,642 | ||
Service fees payable to Managing Owner | -215,722 | -41,149 | ||
Payables to related parties | -28,041 | 42,580 | ||
Other liabilities | -50,070 | 217,665 | ||
Net cash provided by (used in) operating activities | 127,395,251 | 48,639,162 | ||
Cash Flows from Financing Activities: | ' | ' | ||
Proceeds from sale of capital | 8,844,273 | 39,291,798 | ||
Payment for redemption of capital | -146,394,197 | -97,178,756 | ||
Pending owner additions | -65,566 | 521,765 | ||
Owner redemptions payable | 102,802 | -2,346,525 | ||
Net cash provided by (used in) financing activities | -137,512,688 | -59,711,718 | ||
Net increase (decrease) in cash and cash equivalents | -10,117,437 | -11,072,556 | ||
Cash and cash equivalents, beginning of period | 17,094,782 | ' | ||
Cash and cash equivalents, end of period | 6,977,345 | 16,380,247 | ||
Frontier Diversified Series [Member] | ' | ' | ||
Cash Flows from Operating Activities: | ' | ' | ||
Net increase/(decrease) in capital resulting from operations | -16,425,594 | -1,303,075 | ||
Net change in ownership allocation of U.S. Treasury securities | 154,070 | 283,224 | ||
Net change in custom time deposits | 5,897,177 | 1,251,670 | ||
Net change in ownership allocation of credit default swaps | ' | 423 | ||
Net unrealized (gain)/loss on swap contracts | 986,342 | 23,719 | ||
Net realized (gain) on swap contracts | ' | 106,862 | ||
Net unrealized (gain) loss on U.S. Treasury securities, at fair value | 236,981 | 380,530 | ||
Net realized (gain) loss on U.S. Treasury securities, at fair value | -221,284 | -176,189 | ||
(Purchases) of swap contracts | -3,400,000 | ' | ||
Sales of custom time deposits | 16,009,441 | 4,380,919 | ||
Sales of U.S. Treasury securities | 3,683,233 | 7,795,181 | ||
Investments in unconsolidated trading companies, at fair value | 22,862,088 | -4,260,887 | ||
Prepaid service fees | 30,322 | 113,819 | ||
Interest receivable | 53,818 | 190,012 | ||
Receivable from related parties | 113,093 | 16,362 | ||
Other assets | ' | -19,798 | ||
Incentive fees payable to Managing Owner | -189,903 | 934,608 | ||
Management fees payable to Managing Owner | -48,724 | -36,038 | ||
Interest payable to Managing Owner | -10,934 | -10,607 | ||
Trading fees payable to Managing Owner | -78,397 | -32,758 | ||
Service fees payable to Managing Owner | -34,538 | 14,696 | ||
Payables to related parties | -19,435 | 34,606 | ||
Other liabilities | ' | 56,315 | ||
Net cash provided by (used in) operating activities | 29,597,756 | 9,743,594 | ||
Cash Flows from Financing Activities: | ' | ' | ||
Proceeds from sale of capital | 4,172,537 | 9,803,970 | ||
Payment for redemption of capital | -34,946,093 | -21,802,136 | ||
Pending owner additions | 38,160 | 519,278 | ||
Owner redemptions payable | -163,166 | -236,833 | ||
Net cash provided by (used in) financing activities | -30,898,562 | -11,715,721 | ||
Net increase (decrease) in cash and cash equivalents | -1,300,806 | -1,972,127 | ||
Cash and cash equivalents, beginning of period | 2,681,889 | ' | ||
Cash and cash equivalents, end of period | 1,381,083 | 3,004,622 | ||
Frontier Masters Series [Member] | ' | ' | ||
Cash Flows from Operating Activities: | ' | ' | ||
Net increase/(decrease) in capital resulting from operations | -5,869,710 | 3,332,527 | ||
Net change in open trade equity | ' | 1,006,929 | ||
Net change in ownership allocation of U.S. Treasury securities | 413,252 | -1,319,471 | ||
Net change in custom time deposits | 2,331,811 | -9,281,656 | ||
Net change in ownership allocation of credit default swaps | ' | -1,219 | ||
Net unrealized (gain)/loss on swap contracts | ' | 2,775 | ||
Net realized (gain) on swap contracts | ' | 55,669 | ||
Net unrealized (gain) loss on U.S. Treasury securities, at fair value | 118,107 | 179,102 | ||
Net realized (gain) loss on U.S. Treasury securities, at fair value | -107,483 | -84,120 | ||
Sales of custom time deposits | 7,776,160 | 2,418,141 | ||
Sales of U.S. Treasury securities | 1,789,033 | 3,735,419 | ||
Investments in unconsolidated trading companies, at fair value | 844,519 | -3,861,307 | ||
Receivable from futures commission merchants | ' | -1,685,977 | ||
Contributions to trading companies | ' | 5,101,862 | ||
Distributions from trading companies | ' | -3,553,695 | ||
Prepaid service fees | 37,176 | -22,359 | ||
Interest receivable | 30,899 | 77,801 | ||
Receivable from related parties | 38,735 | ' | ||
Other assets | ' | -12,277 | ||
Incentive fees payable to Managing Owner | ' | 403,572 | ||
Management fees payable to Managing Owner | -19,398 | 2,375 | ||
Interest payable to Managing Owner | -5,145 | -2,697 | ||
Trading fees payable to Managing Owner | -24,044 | 7,824 | ||
Service fees payable to Managing Owner | -7,710 | 9,596 | ||
Payables to related parties | -8,274 | 78,305 | ||
Other liabilities | ' | 92,658 | ||
Net cash provided by (used in) operating activities | 7,337,928 | -3,320,223 | ||
Cash Flows from Financing Activities: | ' | ' | ||
Proceeds from sale of capital | 3,139,507 | 8,127,497 | ||
Payment for redemption of capital | -11,195,145 | -5,750,786 | ||
Pending owner additions | -14,160 | -1,686 | ||
Owner redemptions payable | 17,107 | 10,503 | ||
Net cash provided by (used in) financing activities | -8,052,691 | 2,385,528 | ||
Net increase (decrease) in cash and cash equivalents | -714,763 | -934,695 | ||
Cash and cash equivalents, beginning of period | 1,542,661 | ' | ||
Cash and cash equivalents, end of period | 827,898 | 1,300,021 | ||
Frontier Long/Short Commodity Series [Member] | ' | ' | ||
Cash Flows from Operating Activities: | ' | ' | ||
Net increase/(decrease) in capital resulting from operations | -10,095,515 | -9,426,533 | ||
Net change in open trade equity | -619,244 | -34,474,951 | ||
Net change in options written | -899,388 | -465,465 | ||
Net change in ownership allocation of U.S. Treasury securities | 68,797 | -1,026,151 | ||
Net change in custom time deposits | 7,690,645 | -4,499,445 | ||
Net change in ownership allocation of credit default swaps | ' | -4,324 | ||
Net unrealized (gain)/loss on swap contracts | 60,503 | 20,529 | ||
Net realized (gain) on swap contracts | ' | 58,693 | ||
Net unrealized (gain) loss on U.S. Treasury securities, at fair value | 148,620 | 234,541 | ||
Net realized (gain) loss on U.S. Treasury securities, at fair value | -138,776 | -110,579 | ||
(Purchases) of swap contracts | -2,880,000 | ' | ||
Sales of custom time deposits | 10,040,146 | 2,122,345 | ||
Sales of U.S. Treasury securities | 2,309,899 | 4,973,010 | ||
Investments in unconsolidated trading companies, at fair value | 3,675,238 | 352,715 | ||
Receivable from futures commission merchants | 7,848,932 | 36,127,410 | ||
Change in control of ownership - trading companies | 1,574,902 | 7,337,360 | ||
Contributions to trading companies | 5,619,753 | 45,161,968 | ||
Distributions from trading companies | -5,143,244 | -43,611,245 | ||
Prepaid service fees | 34,133 | 50,008 | ||
Interest receivable | 33,380 | 105,513 | ||
Receivable from related parties | -1,483 | -14,489 | ||
Other assets | ' | -15,874 | ||
Incentive fees payable to Managing Owner | ' | 465,009 | ||
Management fees payable to Managing Owner | -125,332 | 3,300 | ||
Interest payable to Managing Owner | -7,092 | -2,721 | ||
Trading fees payable to Managing Owner | -36,780 | 4,434 | ||
Service fees payable to Managing Owner | -6,369 | 1,397 | ||
Payables to related parties | -34,037 | 5,902 | ||
Other liabilities | 356 | 9,639 | ||
Net cash provided by (used in) operating activities | 19,118,044 | 3,381,996 | ||
Cash Flows from Financing Activities: | ' | ' | ||
Proceeds from sale of capital | 1,061,453 | 11,020,642 | ||
Payment for redemption of capital | -20,842,807 | -16,082,764 | ||
Pending owner additions | -62,537 | 16,320 | ||
Owner redemptions payable | -291,074 | 137,430 | ||
Net cash provided by (used in) financing activities | -20,134,965 | -4,908,372 | ||
Net increase (decrease) in cash and cash equivalents | -1,016,921 | -1,526,376 | ||
Cash and cash equivalents, beginning of period | 1,710,151 | ' | ||
Cash and cash equivalents, end of period | 693,230 | 1,519,473 | ||
Balanced Series [Member] | ' | ' | ||
Cash Flows from Operating Activities: | ' | ' | ||
Net increase/(decrease) in capital resulting from operations | -28,205,791 | 8,436,179 | ||
Net change in open trade equity | -474,837 | 2,255,152 | ||
Net change in options written | 302,428 | 802,305 | ||
Net change in ownership allocation of U.S. Treasury securities | -101,758 | 2,632,734 | ||
Net change in custom time deposits | -6,231,481 | 9,436,860 | ||
Net change in ownership allocation of credit default swaps | ' | 9,233 | ||
Net change in ownership allocation of total return swaps | 3,911 | ' | ||
Net unrealized (gain)/loss on swap contracts | 225,707 | -1,590,654 | ||
Net realized (gain) on swap contracts | 3,554,723 | 175,294 | ||
Net unrealized (gain) loss on U.S. Treasury securities, at fair value | 387,826 | 632,344 | ||
Net realized (gain) loss on U.S. Treasury securities, at fair value | -362,137 | -290,166 | ||
(Purchases) of swap contracts | -9,600,000 | ' | ||
Sales of custom time deposits | 26,199,849 | 8,877,976 | ||
Sales of swap contracts | 20,694,866 | 10,362 | ||
Sales of U.S. Treasury securities | 6,027,702 | 12,612,900 | ||
Investments in unconsolidated trading companies, at fair value | 2,604,968 | 243,627 | ||
Receivable from futures commission merchants | 71,095,325 | -17,951,575 | ||
Change in control of ownership - trading companies | -51,747,039 | -1,186,925 | ||
Contributions to trading companies | 56,807,054 | 126,650,519 | ||
Distributions from trading companies | -39,448,498 | -127,498,438 | ||
Prepaid service fees | -423 | ' | ||
Interest receivable | 83,074 | 339,415 | ||
Receivable from related parties | 17,313 | ' | ||
Other assets | 34,251 | -21,234 | ||
Incentive fees payable to Managing Owner | -527,306 | 2,073,529 | ||
Management fees payable to Managing Owner | -100,845 | -50,892 | ||
Interest payable to Managing Owner | -123,285 | -56,192 | ||
Trading fees payable to Managing Owner | -53,247 | -29,598 | ||
Service fees payable to Managing Owner | -130,289 | -76,365 | ||
Payables to related parties | 4,778 | 37,630 | ||
Other liabilities | 1,387 | -675 | ||
Net cash provided by (used in) operating activities | 50,938,226 | 26,473,345 | ||
Cash Flows from Financing Activities: | ' | ' | ||
Proceeds from sale of capital | 234,538 | 2,644,851 | ||
Payment for redemption of capital | -53,244,347 | -35,399,495 | ||
Pending owner additions | -20,031 | -6,403 | ||
Owner redemptions payable | 418,418 | 216,938 | ||
Net cash provided by (used in) financing activities | -52,611,422 | -32,544,109 | ||
Net increase (decrease) in cash and cash equivalents | -1,673,196 | -6,070,764 | ||
Cash and cash equivalents, beginning of period | 4,111,855 | ' | ||
Cash and cash equivalents, end of period | 2,438,659 | 3,687,374 | ||
Frontier Select Series [Member] | ' | ' | ||
Cash Flows from Operating Activities: | ' | ' | ||
Net increase/(decrease) in capital resulting from operations | -489,210 | [1] | -2,052,073 | [1] |
Net change in ownership allocation of U.S. Treasury securities | -346,146 | [1] | -620,043 | [1] |
Net change in custom time deposits | -3,672,345 | [1] | -878,775 | [1] |
Net change in ownership allocation of credit default swaps | ' | -2,283 | [1] | |
Net unrealized (gain)/loss on swap contracts | ' | 2,448 | [1] | |
Net realized (gain) on swap contracts | ' | 34,232 | [1] | |
Net unrealized (gain) loss on U.S. Treasury securities, at fair value | 83,782 | [1] | 119,961 | [1] |
Net realized (gain) loss on U.S. Treasury securities, at fair value | -78,233 | [1] | -59,410 | [1] |
Net realized (gain)/loss on investment in Berkeley Quantitative Colorado Fund LLC | ' | 2,172,987 | [1] | |
Net unrealized (gain)/loss on investment in Berkeley Quantitative Colorado Fund LLC | ' | -2,084,880 | [1] | |
Sales of custom time deposits | 5,659,957 | [1] | 2,014,489 | [1] |
Sales of U.S. Treasury securities | 1,302,165 | [1] | 2,693,512 | [1] |
Sale (purchase) of Berkeley Quantitative Colorado Fund LLC | ' | 6,182,737 | [1] | |
Investments in unconsolidated trading companies, at fair value | 3,029,814 | [1] | -545,298 | [1] |
Interest receivable | 13,417 | [1] | 49,699 | [1] |
Other assets | ' | -67,176 | [1] | |
Incentive fees payable to Managing Owner | ' | 7,136 | [1] | |
Management fees payable to Managing Owner | -57,543 | [1] | 4,760 | [1] |
Interest payable to Managing Owner | -8,927 | [1] | -17,634 | [1] |
Trading fees payable to Managing Owner | -3,376 | [1] | -6,245 | [1] |
Service fees payable to Managing Owner | -12,469 | [1] | -22,636 | [1] |
Payables to related parties | -47,213 | [1] | 18,229 | [1] |
Other liabilities | ' | -229 | [1] | |
Net cash provided by (used in) operating activities | 5,373,673 | [1] | 6,943,508 | [1] |
Cash Flows from Financing Activities: | ' | ' | ||
Proceeds from sale of capital | 12,067 | [1] | 26,014 | [1] |
Payment for redemption of capital | -5,594,062 | [1] | -7,864,725 | [1] |
Pending owner additions | -582 | [1] | -1,179 | [1] |
Owner redemptions payable | -25,021 | [1] | 144,984 | [1] |
Net cash provided by (used in) financing activities | -5,607,598 | [1] | -7,694,906 | [1] |
Net increase (decrease) in cash and cash equivalents | -233,925 | [1] | -751,398 | [1] |
Cash and cash equivalents, beginning of period | 664,310 | [1] | ' | |
Cash and cash equivalents, end of period | 430,385 | [1] | 600,980 | [1] |
Winton Series [Member] | ' | ' | ||
Cash Flows from Operating Activities: | ' | ' | ||
Net increase/(decrease) in capital resulting from operations | 1,741 | -2,983,827 | ||
Net change in ownership allocation of U.S. Treasury securities | -117,717 | -137,380 | ||
Net change in custom time deposits | -6,257,558 | 1,658,699 | ||
Net change in ownership allocation of credit default swaps | ' | -3,184 | ||
Net unrealized (gain)/loss on swap contracts | ' | 7,291 | ||
Net realized (gain) on swap contracts | ' | 57,781 | ||
Net unrealized (gain) loss on U.S. Treasury securities, at fair value | 123,411 | 193,198 | ||
Net realized (gain) loss on U.S. Treasury securities, at fair value | -115,236 | -90,903 | ||
Sales of custom time deposits | 8,337,112 | 2,095,034 | ||
Sales of U.S. Treasury securities | 1,918,089 | 4,077,744 | ||
Investments in unconsolidated trading companies, at fair value | 153,336 | -2,288,507 | ||
Interest receivable | 25,228 | 90,374 | ||
Other assets | ' | -55,933 | ||
Management fees payable to Managing Owner | 875 | -6,162 | ||
Interest payable to Managing Owner | -7,317 | -12,129 | ||
Trading fees payable to Managing Owner | -2,736 | -4,268 | ||
Service fees payable to Managing Owner | -10,407 | -12,076 | ||
Payables to related parties | 1,507 | 77 | ||
Other liabilities | ' | 267 | ||
Net cash provided by (used in) operating activities | 4,050,328 | 2,586,096 | ||
Cash Flows from Financing Activities: | ' | ' | ||
Proceeds from sale of capital | 134,791 | 158,451 | ||
Payment for redemption of capital | -4,717,899 | -3,781,990 | ||
Pending owner additions | -1,764 | -2,766 | ||
Owner redemptions payable | 143,303 | 15,090 | ||
Net cash provided by (used in) financing activities | -4,441,569 | -3,611,215 | ||
Net increase (decrease) in cash and cash equivalents | -391,241 | -1,025,119 | ||
Cash and cash equivalents, beginning of period | 1,249,455 | ' | ||
Cash and cash equivalents, end of period | 858,214 | 1,026,153 | ||
Frontier Heritage Series [Member] | ' | ' | ||
Cash Flows from Operating Activities: | ' | ' | ||
Net increase/(decrease) in capital resulting from operations | 467,865 | [2] | -1,354,258 | [2] |
Net change in ownership allocation of U.S. Treasury securities | -73,002 | [2] | 142,108 | [2] |
Net change in custom time deposits | -2,059,790 | [2] | -555,628 | [2] |
Net change in ownership allocation of credit default swaps | ' | 722 | [2] | |
Net unrealized (gain)/loss on swap contracts | ' | -943 | [2] | |
Net realized (gain) on swap contracts | ' | 30,602 | [2] | |
Net unrealized (gain) loss on U.S. Treasury securities, at fair value | 54,398 | [2] | 85,821 | [2] |
Net realized (gain) loss on U.S. Treasury securities, at fair value | -50,795 | [2] | -40,172 | [2] |
Sales of custom time deposits | 3,674,906 | [2] | 2,476,747 | [2] |
Sales of U.S. Treasury securities | 845,472 | [2] | 1,806,127 | [2] |
Investments in unconsolidated trading companies, at fair value | 3,216,059 | [2] | 2,343,965 | [2] |
Interest receivable | 10,829 | [2] | 44,409 | [2] |
Other assets | ' | -31,304 | [2] | |
Management fees payable to Managing Owner | -39,305 | [2] | -35,782 | [2] |
Interest payable to Managing Owner | -8,775 | [2] | -12,375 | [2] |
Trading fees payable to Managing Owner | -3,301 | [2] | -4,563 | [2] |
Service fees payable to Managing Owner | -10,500 | [2] | -13,837 | [2] |
Payables to related parties | 544 | [2] | -342 | [2] |
Other liabilities | ' | -1,338 | [2] | |
Net cash provided by (used in) operating activities | 6,024,605 | [2] | 4,879,959 | [2] |
Cash Flows from Financing Activities: | ' | ' | ||
Proceeds from sale of capital | 32,332 | [2] | 47,245 | [2] |
Payment for redemption of capital | -6,247,787 | [2] | -5,629,301 | [2] |
Pending owner additions | -1,244 | [2] | -1,043 | [2] |
Owner redemptions payable | 2,974 | [2] | 48,319 | [2] |
Net cash provided by (used in) financing activities | -6,213,725 | [2] | -5,534,780 | [2] |
Net increase (decrease) in cash and cash equivalents | -189,120 | [2] | -654,821 | [2] |
Cash and cash equivalents, beginning of period | 536,159 | [2] | ' | |
Cash and cash equivalents, end of period | $347,039 | [2] | $501,221 | [2] |
[1] | Formerly the Tiverton/Graham/Transtrend Series. | |||
[2] | Formerly the Winton/Graham Series. |
Organization_and_Purpose
Organization and Purpose | 9 Months Ended | |||
Sep. 30, 2013 | ||||
Organization and Purpose | ' | |||
1. Organization and Purpose | ||||
The Frontier Fund, which is referred to in this report as the “Trust”, was formed on August 8, 2003, as a Delaware statutory trust. Please refer to the consolidated financial statements of the Trust included within this quarterly 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 its Managing Owner, Equinox Fund Management, LLC. | ||||
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 amended and restated declaration of trust and trust agreement dated August 8, 2003, by and among the Managing Owner, Wilmington Trust Company as trustee and the unitholders from time to time (the “Trust Agreement”), unitholders in a Delaware statutory trust will have the same limitation of liability as do stockholders of private corporations organized under the General Corporation Law of the State of Delaware. The Trust Agreement confers substantially the same limited liability, and contains the same limited exceptions thereto, as would a limited partnership agreement for a Delaware limited partnership engaged in like transactions as the Trust. In addition, pursuant to the Trust Agreement, the Managing Owner of the Trust is liable for obligations of a Series in excess of that Series’ assets. Limited Owners do not have any such liability. The Managing Owner will make contributions to the Series of the Trust necessary to maintain at least a 1% interest in the aggregate capital, profits and losses of the combined Series of the Trust. | ||||
The Trust, in relation to the Series, has been organized to pool assets of investor funds for the purpose of trading in the United States (“U.S.”) and international markets for currencies, interest rates, stock indices, agricultural and energy products, precious and base metals and other commodities. The Trust, in relation to the Series, may also engage in futures contracts, forwards, option contracts and other interest in derivative instruments, including swap contracts (“Swaps”). | ||||
The Trust has seven (7) separate and distinct Series of Units issued and outstanding: Frontier Diversified Series, Frontier Masters Series, Balanced Series, Frontier Long/Short Commodity Series, Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), Winton Series, and Frontier Heritage Series (formerly Winton/Graham Series) (each a “Series” and collectively, the “Series”). The Currency Series ceased trading on April 18, 2013. 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, forward (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts), and may, from time to time, engage in cash and spot transactions; | |||
• | allocates funds to a limited liability trading company or companies (“Trading Company”). Except as otherwise described in these notes, each Trading Company has one-year renewable contracts with its own independent commodity trading advisor(s), or each, a Trading Advisor, that will manage all or a portion of such Trading Company’s assets and make the trading decisions for the assets of each Series vested in such Trading Company. Each Trading Company will segregate its assets from any other Trading Company; | |||
• | maintains separate, distinct records for each Series, and accounts for the assets of each Series separately from the other Series; | |||
• | calculates the Net Asset Value (“NAV”) of its Units for each Series separately from the other Series; | |||
• | has an investment objective of increasing the value of each Series’ Units over the long term (capital appreciation), while controlling risk and volatility; further, to offer exposure to the investment programs of individual Trading Advisors and to specific instruments (currencies); | |||
• | maintains each Series of Units in three or six sub-classes—Class 1, Class 1a, Class 2, Class 2a, Class 3, and Class 3a. Investors who have purchased Class 1 or Class 1a Units of any Series are charged a service fee of up to three percent (3.0%) annually of the NAV of each Unit purchased, for the benefit of Selling Agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to Equinox Fund Management, LLC (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 three percent (3.0%) of the NAV at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to Selling Agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Frontier Diversified Series and Frontier Masters Series or Class 2a Units of the Frontier Long/Short Commodity Series) 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. 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 Series or Balanced Series will be classified as Class 3 or Class 3a Units of such Series, as applicable, when the Managing Owner determines that the fee limitation set forth in Rule 2310 with respect to such Units has been reached or will be reached. No service fees are paid with respect to Class 3 or Class 3a Units. Units of any Class in a Series may be redeemed, in whole or in part, on a daily basis, at the then current NAV per Unit for such Series on the day of the week after the date the Managing Owner is in receipt of a redemption request for at least one (1) Business Day to be received by the Managing Owner prior to 4:00 PM in New York. | |||
The assets of any particular Series include only those funds and other assets that are paid to, held by or distributed to the Trust, with respect to the Series, on account of and for the benefit of that Series. Under the “Inter-Series Limitation on Liability” expressly provided for under Section 3804(a) of the Trust Act, separate and distinct records of the cash and equivalents, although pooled for maximizing returns, is maintained in the books and records of each Series. | ||||
As of September 30, 2013, the Trust, with respect to the Frontier Diversified Series, Frontier Masters Series, Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), Winton Series and Frontier Heritage Series (formerly Winton/Graham Series) separates Units into three separate Classes—Class 1, Class 2, and Class 3. The Trust, with respect to the Balanced Series and the Frontier Long/Short Commodity Series separates Units into six separate Classes—Class 1, Class 2, Class 3, Class 1a, Class 2a and Class 3a. It is expected that between 10% and 30% of each Series’ assets normally will be invested in one or more Trading Companies to be committed as margin for trading positions, but from time to time these percentages may be substantially more or less. The remainders of each Series’ assets are maintained at the Trust level for cash management. Each of the respective Series has invested monies into pooled cash management assets which have included purchases of certificates of deposit and custom time deposits. Each Series’ ownership in these investments is based on its percentage ownership in the pooled cash management assets on the reporting date. | ||||
As of September 30, 2013, Winton Series has invested a portion of its assets in a single Trading Company, and a single Trading Advisor manages 100% of the assets invested in such Trading Company. Each of the Frontier Diversified Series, Frontier Masters Series, Frontier Long/Short Commodity Series, Balanced Series, Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), and Frontier Heritage Series (formerly Winton/Graham Series) has invested a portion of its assets in several different Trading Companies and one or more Trading Advisors may manage the assets invested in such Trading Companies. | ||||
In November 2010, the Frontier Select Series (formerly Tiverton/Graham/Transtrend Series) invested a portion of its assets in Berkeley Quantitative Colorado Fund LLC, an unaffiliated company, managed by an affiliate of Berkeley Quantitative L.P. Through this investment, Berkeley Quantitative L.P. became a commodity trading advisor to the Series. This investment was liquidated on March 20, 2012. | ||||
During July 2012, Frontier Long/Short Commodity Series Class 1 Units and Balanced Series Class 1a Units ceased Trading Operations and all remaining Units were exchanged for Class 3 Units and Class 3a Units, respectively. | ||||
The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, currency trading companies, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence or bad faith. | ||||
The Frontier Fund [Member] | ' | |||
Organization and Purpose | ' | |||
1. Organization and Purpose | ||||
The Frontier Fund, which is referred to in this report as “the Trust”, was formed on August 8, 2003, as a Delaware statutory trust. The Trust is a multi-advisor commodity pool, as described in 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 its Managing Owner, Equinox Fund Management, LLC. | ||||
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 amended and restated declaration of trust and trust agreement dated August 8, 2003, by and among the Managing Owner, Wilmington Trust Company as trustee and the unitholders from time to time (the “Trust Agreement”), unitholders in a Delaware statutory trust will have the same limitation of liability as do stockholders of private corporations organized under the General Corporation Law of the State of Delaware. The Trust Agreement confers substantially the same limited liability, and contains the same limited exceptions thereto, as would a limited partnership agreement for a Delaware limited partnership engaged in like transactions as the Trust. In addition, pursuant to the Trust Agreement, the Managing Owner of the Trust is liable for obligations of a Series in excess of that Series’ assets. Limited Owners do not have any such liability. The Managing Owner will make contributions to 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 assets of investor funds for the purpose of trading in the United States (“U.S.”) and international markets for currencies, interest rates, stock indices, agricultural and energy products, precious and base metals and other commodities. The Trust may also engage in futures contracts, forwards, option contracts and other interest in derivative instruments, including swap contracts (“Swaps”). | ||||
The Trust has seven (7) separate and distinct Series of Units issued and outstanding: Frontier Diversified Series, Frontier Masters Series, Frontier Long/Short Commodity Series, Balanced Series, Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), Winton Series, and Frontier Heritage Series (formerly Winton/Graham Series) (each a “Series” and collectively, the “Series”). The Currency Series ceased trading on April 18, 2013 and the TBG Institutional Series ceased trading on May 23, 2013. The Trust financial statements are comprised of unitized Series which are consolidated into the Trust financial statements. However, the consolidated Trust does not issue units. | ||||
The Trust, with respect to each Series: | ||||
• | engages in the speculative trading of a diversified portfolio of futures, forward (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts), and may, from time to time, engage in cash and spot transactions; | |||
• | allocates funds to a limited liability trading company or companies (“Trading Company”). Except as otherwise described in these notes, each Trading Company has one-year renewable contracts with its own independent commodity trading advisor(s), or each, a Trading Advisor, that will manage all or a portion of such Trading Company’s assets and make the trading decisions for the assets of each Series vested in such Trading Company. Each Trading Company will segregate its assets from any other Trading Company; | |||
• | maintains separate, distinct records for each Series, and accounts for the assets of each Series separately from the other Series; | |||
• | calculates the Net Asset Value (“NAV”) of its Units for each Series separately from the other Series; | |||
• | has an investment objective of increasing the value of each Series’ Units over the long term (capital appreciation), while controlling risk and volatility; further, to offer exposure to the investment programs of individual Trading Advisors and to specific instruments (currencies); | |||
• | maintains each Series of Units in three or six sub-classes—Class 1, Class 1a, Class 2, Class 2a, Class 3, and Class 3a. Investors who have purchased Class 1 or Class 1a Units of any Series are charged a service fee of up to three percent (3.0%) annually of the NAV of each Unit purchased, for the benefit of Selling Agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to Equinox Fund Management, LLC (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 three percent (3.0%) of the NAV at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to Selling Agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Frontier Diversified Series, and Frontier Masters Series or Class 2a Units of the Frontier Long/Short Commodity Series) 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. 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 Series or Balanced Series will be classified as Class 3 or Class 3a Units of such Series, as applicable, when the Managing Owner determines that the fee limitation set forth in Rule 2310 with respect to such Units has been reached or will be reached. No service fees are paid with respect to Class 3 or Class 3a Units. Units of any Class in a Series may be redeemed, in whole or in part, on a daily basis, at the then current NAV per Unit for such Series on the day of the week after the date the Managing Owner is in receipt of a redemption request for at least one (1) Business Day to be received by the Managing Owner prior to 4:00 PM in New York. | |||
The assets of any particular Series include only those funds and other assets that are paid to, held by or distributed to the Trust on account of and for the benefit of that Series. Under the “Inter-Series Limitation on Liability” expressly provided for under Section 3804(a) of the Trust Act, separate and distinct records of the cash and equivalents, although pooled for maximizing returns, is maintained in the books and records of each Series. | ||||
As of September 30, 2013, the Trust, with respect to the Frontier Diversified Series, Frontier Masters Series, Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), Winton Series and Frontier Heritage Series (formerly Winton/Graham Series) separates Units into three separate Classes—Class 1, Class 2, and Class 3. The Trust, with respect to the Balanced Series and the Frontier Long/Short Commodity Series separates Units into six separate Classes—Class 1, Class 2, Class 3, Class 1a, Class 2a and Class 3a. It is expected that between 10% and 30% of each Series’ assets normally will be invested in one or more Trading Companies to be committed as margin for trading positions, but from time to time these percentages may be substantially more or less. The remainders of each Series’ assets are maintained at the Trust level for cash management. Each of the respective Series has invested monies into pooled cash management assets which have included purchases of certificates of deposit and custom time deposits. Each Series’ ownership in these investments is based on its percentage ownership in the pooled cash management assets on the reporting date. | ||||
Each Series of the Trust may invest a portion of its assets in a single Trading Company or in several different Trading Companies and may have multiple Trading Advisors that manage the assets invested in such Trading Companies. | ||||
During July 2012, Frontier Long/Short Commodity Series Class 1 Units and Balanced Series Class 1a Units ceased Trading Operations and all remaining Units were exchanged for Class 3 Units and Class 3a Units, respectively. | ||||
In November 2010, the Frontier Select Series (formerly Tiverton/Graham/Transtrend Series) of the Trust invested a portion of its assets in Berkeley Quantitative Colorado Fund LLC, an unaffiliated company, managed by an affiliate of Berkeley Quantitative L.P. Through this investment, Berkeley Quantitative L.P. became a commodity trading advisor to the Trust. The investment was liquidated March 20, 2012. | ||||
The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, currency trading companies, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence or bad faith. |
Significant_Accounting_Policie
Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Significant Accounting Policies | ' |
2. Significant Accounting Policies | |
The following are the significant accounting policies of the Series of the Trust. | |
Basis of Presentation—The Series of the Trust follow U.S. Generally Accepted Accounting Principles (“GAAP”), as established by the Financial Accounting Standards Board (the “FASB”), to ensure consistent reporting of financial condition, condensed schedules of investments, results of operations, changes in capital and cash flows. | |
These financial statements should be read in conjunction with the audited financial statements and notes thereto included in our 2012 Annual Report on Form 10-K as filed with the SEC. | |
Consolidation—The Series, through investing in the Trading Companies, authorize certain Trading Advisors to place trades and manage assets at pre-determined investment levels. The Trading Companies were organized by the Managing Owner for the purpose of investing in commodities interests and derivative instruments, and have no operating income or expenses, except for trading income and expenses, all of which is allocated to the Series. Trading Companies in which a Series has a controlling and majority equity interest are consolidated by such Series. Investments in Trading Companies in which a Series does not have a controlling and majority interest are accounted for under the equity method, which approximates fair value. Fair value represents the proportionate share of the Series interest in the NAV in a Trading Company. The equity interest held by Series of the Trust is shown as investments in unconsolidated trading companies in the statements of financial condition. The income or loss attributable thereto in proportion of investment level is shown in the statements of operations as change in fair value of investments in unconsolidated trading companies. | |
The consolidated financial statements of the Balanced Series include the assets, liabilities and earnings of its majority-controlled trading companies; Frontier Trading Company I LLC and Frontier Trading Company IX, LLC and the assets and liabilities of its majority owned Trading Companies, and the earnings of Frontier Trading Company XXIII, LLC from July 11, 2012 to March 12, 2013 and from April 29, 2013 to September 30, 2013 and the earnings of Frontier Trading Company XXXIV, LLC from July 31, 2013 to September 30, 2013. Also included in the consolidated financial statements were the earnings of its majority controlled trading company, Frontier Trading Company XVIII, LLC from January 1, 2011 through May 14, 2012, the earnings from Frontier Trading Company XIV, LLC from January 1, 2013 through May 16, 2013, the earnings from Frontier Trading Company XV, LLC from January 1, 2012 through September 30, 2012, and the earnings from Frontier Trading Company XVII, LLC from January 1, 2013 through April 18, 2013. Multiple Series have investment interests in Frontier Trading Company I LLC. The Managing Owner assigns the full ownership and earnings of that swap identified in footnote four as Option/Swap with Societe Generale, owned by Frontier Trading Company I LLC, to the Balanced Series. | |
The consolidated financial statements of the Frontier Long/Short Commodity Series include the assets, liabilities and earnings of its majority controlled trading companies; Frontier Trading Company VII, LLC, from September 28, 2011 to September 30, 2013, Frontier Trading Company XVIII, LLC from May 15, 2012 through September 30, 2013, and Frontier Trading Company XXXVII, LLC from July 31, 2013 through September 30, 2013. | |
The consolidated financial statements of the Frontier Masters Series include the assets, liabilities and earnings of its majority owned trading company, Frontier Trading Company XXI, LLC (earnings from March 1, 2011 through December 28, 2012). | |
The consolidated financial statements of the Frontier Diversified Series include the assets, liabilities and earnings of its majority owned trading company, Frontier Trading Company V, LLC (earnings from March 9, 2013 through August 26, 2013 (Closed)) and Frontier Trading Company XXXV, LLC from July 31, 2013 through September 30, 2013. | |
Investment in Berkeley Quantitative Colorado Fund LLC—The Frontier Select Series (formerly Tiverton/Graham/Transtrend Series) had an investment in the Berkeley Quantitative Colorado Fund LLC. The Berkeley Quantitative Colorado Fund LLC began operations on November 1, 2010 and was liquidated on March 20, 2012. The Berkeley Quantitative Colorado Fund LLC was not consolidated into the financial statements of the Frontier Select Series (formerly Tiverton/Graham/Transtrend Series) because the Trust had no control or transparency over the operations of the trading company. This investment was shown on the statements of financial condition with the change in fair value shown in net unrealized gain/ (loss) on the Berkeley Quantitative Colorado Fund LLC. This investment was liquidated on March 20, 2012. | |
Use of Estimates—The preparation of financial statements in conformity with GAAP may require the Managing Owner to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. The valuation of swap contracts requires significant estimates as well as the valuation of certain other investments. Please refer to Note 3 for discussion of valuation methodology. Actual results could differ from these estimates, and such differences could be material. | |
Cash and Cash Equivalents—Cash and cash equivalents include cash and overnight investments in interest-bearing demand deposits held at banks with original maturities of three months or less. | |
Interest Income—Aggregate interest income from all sources, including U.S. Treasuries, custom time deposits and assets held at Futures Commission Merchants (“FCM”), up to two percentage points of the aggregate percentage yield (annualized) is paid to the Managing Owner by the Balanced Series (Class 1 and Class 2 only), Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), Winton Series and Frontier Heritage Series (formerly Winton/Graham Series). For the Frontier Diversified Series, Frontier Long/Short Commodity Series, Frontier Masters Series and Balanced Series (Class 1a, Class 2a and Class 3a only), 20% of the total interest allocated to each Series is paid to the Managing Owner. All interest not paid to the Managing Owner is interest income to the Series. | |
U.S. Treasury Securities, custom time deposits and certain demand deposits are pooled for purposes of maximizing returns on these assets to investors of all Series. Interest income from pooled cash management assets is recognized on the accrual basis and allocated daily to each Series based upon its daily proportion of ownership of the pool. All U.S. Treasury Securities have been liquidated as of September 30, 2013. | |
U.S. Treasury Securities—U.S. Treasury Securities were allocated to all Series of the Trust based on each Series’ percentage ownership in the pooled cash management assets as of the reporting date. They were reported at fair value as Level 1 inputs under ASC 820, Fair Value Measurements and Disclosures (“ASC 820”). The Series of the Trust valued U.S. Treasury Securities at fair value and recorded the daily change in value in the statements of operations as net unrealized gain/(loss) on U.S. Treasury securities. Accrued interest was reported on the statements of financial condition as interest receivable. | |
Custom Time Deposits—Custom time deposits are structured deposit agreements with U.S. Bank National Association that earn a guaranteed fixed interest rate 3.75%, mature nine months from the deposit date and are subject to automatic six-month rollovers through October 2013. Custom time deposits were purchased on April 1, 2010, September 15, 2009, October 21, 2008 and October 30, 2008. Interest is paid monthly or at least every nine months. Unscheduled withdrawals will be subject to certain penalties and other costs of up to 1.0% of the amount deposited if withdrawn within the first nine months from the deposit date. The withdrawal fee is set at 0.225% for the period from nine months to one year subsequent to the deposit date and decreases by .05% increments for each year thereafter through the maturity date. In May 2011, July 2011, August 2011, January 2012, October 2012, November 2012, April 2013, June 2013, July 2013 and August 2013, the Trust, with respect to the Series, redeemed approximately $25 million, $25 million, $50 million, $25 million, $16 million, $5 million, $35 million, $20 million and $15 million, respectively, in custom time deposits held with U.S. Bank N.A which represented a full liquidation of the 2.17% investment tranche and an additional $100 million of the 3.75% tranche. Custom time deposits are allocated to each Series based on their percentage ownership in the pooled cash management assets as of the reporting date. The Series of the Trust values the custom time deposits at face value plus accrued interest as it is considered a deposit account under paragraph 7.50 of the Investment Company Audit Guide, and accordingly, this deposit is not subject to ASC 820. | |
Credit Default Swaps—The Series of the Trust invested in credit default swaps for the purpose of mitigating part of the risk of concentration of deposits with U.S. Bank National Association to other major financial institutions. See Note 4. Credit Default Swaps were allocated to each Series based on their percentage ownership in the pooled cash management assets as of the reporting date. Credit Default Swaps were reported at fair value based upon counterparty value per the valuation policy. The Series of the Trust recorded the daily change in fair value in the statements of operations as net unrealized gain/(loss) on swap contracts. All Credit Default Swaps expired during March 2012. | |
Receivable From Futures Commission Merchants—The Series of the Trust deposits assets with a FCM subject to CFTC regulations and various exchange and broker requirements. Margin requirements are satisfied by the deposit of cash with such FCM. The Trust, with respect to the Series, earns interest income on its assets deposited with the FCM. | |
Investment Transactions—Futures, options on futures, forward and swap contracts are recorded on a trade date basis and realized gains or losses are recognized when contracts are settled. Unrealized gains or losses on open contracts (the difference between contract trade price and market price) are reported in the statements of financial condition as a net change in open trade equity (deficit) as there exists a right of offset of unrealized gains or losses in accordance with ASC 210, Balance Sheet (“ASC 210”). | |
Any change in net unrealized gain or loss from the preceding period is reported in the statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest is recognized in the period earned and the instruments are marked-to-market daily based on third party information. Custom time deposits are valued at face value plus accrued interest and the interest income is recognized in the period earned. Transaction costs are recognized as incurred and reflected separately in the statements of operations. | |
Foreign currency transactions—The Series’ functional currency is the U.S. dollar, however, they transact business in currencies other than the U.S. dollar. The Series do not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized or unrealized gain or loss from investments. | |
Allocation of Earnings—Each Series of the Trust may maintain three or six classes of Units—Class 1, Class 2, Class 3, Class 1a, Class 2a and Class 3a). All classes have identical voting, dividend, liquidation and other rights and the same terms and conditions, except that fees charged to a Class or Series differ as described below. Revenues, expenses (other than expenses attributable to a specific class), and realized and unrealized trading gains and losses of each Series are allocated daily to Class 1, Class 1a, Class 2, Class 2a, Class 3 and Class 3a Units based on each Class’ respective owners’ capital balances as applicable to the classes maintained by the Series. | |
Each Series allocates funds to an affiliated Trading Company, or Companies, of the Trust. Each Trading Company allocates all of its daily trading gains or losses to the Series in proportion to each Series’ ownership trading level interest in the Trading Company, adjusted on a daily basis (except for Trading Advisors and other investments such as Swaps that are directly allocated to a specific series). The value of all open contracts and cash held at clearing brokers is similarly allocated to the Series in proportion to each Series’ funds allocated to the Trading Company, or Companies. | |
Payments by the Managing Owner—The Managing Owner may make discretionary payments to a Series related to a variety of factors, including investment losses to reimburse the effect of a loss on a portfolio investment which has been caused by a situation outside the Trust’s, or it’s affiliates’, direct control. Such payments will be made on a discretionary basis and will be disclosed in the statement of operations as a net increase from payments by managing owner. These payments are in accordance with the Trust agreement on a discretionary basis as determined by the Managing Owner. | |
Investments and Swaps—The Trust, with respect to the Series, records investment transactions on a trade date basis and all investments are recorded at fair value, with changes in fair value reported as a component of realized and unrealized gains/(losses) on investments in the statements of operations. Certain Series of the Trust strategically invest a portion or all of their assets in total return Swaps, selected at the discretion of the Managing Owner. Swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more underlying investment products or indices. In a typical 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 of 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 valuation of swap contracts requires significant estimates. Swap contracts are reported utilizing Level 3 Inputs. The significant unobservable inputs used in the fair value measurement of the Trust, with respect to the Series’ Swap contracts are asset liquidity, debt valuation, credit risk, volatility, market risk, distributions, dividends, risk premiums, and other risk management tools. Significant increases (decreases) in any of those inputs in isolation would result in a significantly lower (higher) fair value measurement. Swap Contracts are reported at fair value based upon a weekly indicative value that is calculated by management using bid/ask prices from the counterparty. This fair value is corroborated by valuations provided by a third party pricing service on a daily basis. The third party pricing service utilizes a Black Scholes pricing model with input adjustments factoring in volatility and liquidity of the instruments. All valuation processes are monitored by the valuation committee of the Managing Owner. | |
Income Taxes—The Trust, with respect to the Series, applies the provisions of ASC 740 Income Taxes (“ASC 740”), which provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. This interpretation also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods and disclosure. ASC 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Trust, with respect to the Series’, financial statements to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions with respect to tax at the Trust’s level not deemed to meet the “more-likely-than-not” threshold would be recorded as a tax benefit or expense in the current year. The Managing Owner has concluded there is no tax expense, interest or penalties to be recorded by the Trust, with respect to the Series. The 2009 through 2012 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, the Trust is not a publicly traded partnership treated as a corporation, and (ii) the discussion set forth in the Prospectus under the heading “Federal Income Tax Consequences” correctly summarizes the material Federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Units of the Trust. | |
Fees and Expenses—All management fees, incentive fees, service fees and trading fees of the Trust, with respect to the Series, are paid to the Managing Owner. It is the responsibility of the Managing Owner to pay all Trading Advisor management and incentive fees, Selling Agent Service fees and all other operating expenses and continuing offering costs of the Trust, with respect to the Series. | |
Service Fees—The Trust may maintain each Series of Units in three or six sub-classes—Class 1, Class 1a, Class 2, Class 2a, Class 3, and Class 3a. Investors who have purchased Class 1 or Class 1a Units of any Series are charged a service fee of up to three percent (3.0%) annually of the NAV of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 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 three percent (3.0%) of the NAV at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to Selling Agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Frontier Diversified Series and Frontier Masters Series or Class 2a Units of the Frontier Long/Short Commodity Series) 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. 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. | |
These service fees are part of the offering costs of the Trust, with respect to the Series, which include registration and filing fees, legal and blue sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. | |
Pending Owner Additions—Funds received for new subscriptions and for additions to existing owner interests are recorded as capital additions at the NAV per unit of the second business day following receipt. | |
Recently Issued Accounting Pronouncements—In June of 2013, FASB issued ASU 2013-08 to (i) modify Topic 946 for determining whether an entity is an investment company; (ii) update the measurement requirements for noncontrolling interests in other investment companies; and (iii) require additional disclosures for investment companies under U.S. GAAP. This guidance is effective for annual and interim periods beginning on or after December 15, 2013. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. The adoption of this guidance is not expected to have a material impact on the financial positions or results of operations. | |
Recently Adopted Accounting Pronouncements —In December of 2011, FASB issued new guidance that requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. FASB issued additional clarification to specify that the guidance applies only to derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with specific criteria of the Codification or subject to a master netting arrangement or similar agreement. This guidance is effective for annual and interim periods beginning on or after January 1, 2013. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. The adoption of this guidance is not expected to have a material impact on the Series financial position or results of operations and is disclosed in Note 8. | |
Subsequent Events—The Trust, with respect to the Series, follows the provisions of ASC 855, Subsequent Events, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date and up through the date the financial statements are issued. Refer to Note 11. | |
The Frontier Fund [Member] | ' |
Significant Accounting Policies | ' |
2. Significant Accounting Policies | |
The following are the significant accounting policies of the Trust. | |
Basis of Presentation—The Trust follows Generally Accepted Accounting Principles (“GAAP”), as established by the Financial Accounting Standards Board (the “FASB”), to ensure consistent reporting of financial condition, schedules of investments, results of operations, changes in capital and cash flows. | |
These financial statements should be read in conjunction with the audited financial statements and notes thereto included in our 2012 Annual Report on Form 10-K as filed with the SEC. | |
Consolidation—Each Series of the Trust invests in Trading Companies who authorize certain Trading Advisors to place trades and manage assets at pre-determined investment levels. The Trading Companies were organized by the Managing Owner for the purpose of investing in commodities interests and derivative instruments, and have no operating income or expenses, except for trading income and expenses, all of which is allocated to the Series. The Trading Companies and Series of the Trust are consolidated by the Trust. | |
Investment in Berkeley Quantitative Colorado Fund LLC—The Frontier Select Series (formerly Tiverton/Graham/Transtrend Series) of the Trust had an investment in the Berkeley Quantitative Colorado Fund LLC. The Berkeley Quantitative Colorado Fund LLC began operations on November 1, 2010. The Berkeley Quantitative Colorado Fund LLC was not consolidated into the financial statements of the Trust because the Trust has no control or transparency over the operations of the fund. This investment was shown on the consolidated statements of financial condition with the change in fair value shown in net unrealized gain/(loss) on the Berkeley Quantitative Colorado Fund LLC. This investment was liquidated on March 20, 2012. | |
Use of Estimates—The preparation of financial statements in conformity with GAAP may require the Managing Owner to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. The valuation of swap contracts requires significant estimates as well as the valuation of certain other investments. Please refer to Note 3 for discussion of valuation methodology. Actual results could differ from these estimates and such differences could be material. | |
Cash and Cash Equivalents—Cash and cash equivalents include cash and overnight investments in interest-bearing demand deposits held at banks with original maturities of three months or less. | |
Interest Income—Aggregate interest income from all sources, including U.S. Treasury securities, custom time deposits and assets held at Futures Commission Merchants (“FCM”), up to the first two percentage points or 20% of the aggregate percentage yield (annualized) is paid to the Managing Owner. All interest not paid to the Managing Owner is interest income to the Trust. | |
U.S. Treasury Securities—U.S. Treasury Securities are reported at fair value as Level 1 inputs under ASC 820, Fair Value Measurements and Disclosures (“ASC 820”). The Trust values U.S. Treasury Securities at fair value and records the daily change in value in the consolidated statements of operations as net unrealized gain/(loss) on U.S. Treasury securities. Accrued interest is reported on the consolidated statements of financial condition as interest receivable. All U.S. Treasury Securities have been liquidated as of September 30, 2013. | |
Custom Time Deposits—Custom time deposits are structured deposit agreements with U.S. Bank National Association that earn a guaranteed fixed interest rate between 3.75%, mature nine months from the deposit date and are subject to automatic six-month rollovers through October 2013. Custom time deposits were purchased on April 1, 2010, September 15, 2009, October 21, 2008 and October 30, 2008. Interest is paid monthly or at least every nine months. Unscheduled withdrawals will be subject to certain penalties and other costs of up to 1.0% of the amount deposited if withdrawn within the first nine months from the deposit date. The withdrawal fee is set at 0.225% for the period from nine months to one year subsequent to the deposit date and decreases by .05% increments for each year thereafter through the maturity date. In May 2011, July 2011, August 2011, January 2012, October 2012, November 2012, April 2013, June 2013, July 2013 and August 2013, the Trust, with respect to the Series, redeemed approximately $25 million, $25 million, $50 million, $25 million, $16 million, $5 million, $35 million, $20 million and $15 million, respectively, in custom time deposits held with U.S. Bank N.A which represented a full liquidation of the 2.17% investment tranche and an additional $100 million of the 3.75% tranche. Custom time deposits are allocated to each Series based on their percentage ownership in the pooled cash management assets as of the reporting date. The Trust values the custom time deposits at face value plus accrued interest as it is considered a deposit account under paragraph 7.50 of the Investment Company Audit Guide, and accordingly, this deposit is not subject to ASC 820. | |
Credit Default Swaps— The Series of the Trust invested in credit default swaps for the purpose of mitigating part of the risk of concentration of deposits with U.S. Bank National Association to other major financial institutions. See Note 4. Credit Default Swaps were allocated to each Series based on their percentage ownership in the pooled cash management assets as of the reporting date. Credit Default Swaps were reported at fair value based upon counterparty value per the valuation policy. The Series of the Trust recorded the daily change in fair value in the statements of operations as net unrealized gain/(loss) on swap contracts. All Credit Default Swaps expired during March 2012. | |
Receivable From Futures Commission Merchants—The Trust deposits assets with a FCM subject to CFTC regulations and various exchange and broker requirements. Margin requirements are satisfied by the deposit of cash with such FCM. The Trust earns interest income on its assets deposited with the FCM. | |
Investment Transactions—Futures, options on futures, forward and swap contracts are recorded on a trade date basis and realized gains or losses are recognized when contracts are settled. Unrealized gains or losses on open contracts (the difference between contract trade price and market price) are reported in the consolidated statements of financial condition as a net unrealized gain or loss, as there exists a right of offset of unrealized gains or losses in accordance with FASB ASC 210, Balance Sheet (“ASC 210”). | |
Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest was recognized in the period earned and the instruments were marked-to-market daily based on third party information. Custom time deposits are valued at face value plus accrued interest and the interest income is recognized in the period earned. Transaction costs are recognized as incurred and reflected separately in the consolidated statements of operations. | |
Foreign currency transactions—The Series of the Trust’s functional currency is the U.S. Dollar, however, they transact business in currencies other than the U.S. Dollar. The Series of the Trust do not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized or unrealized gain or loss from investments. | |
Allocation of Earnings—Each Series of the Trust may maintain three or six classes of Units—Class 1, Class 2, Class 3, Class 1a, Class 2a and Class 3a). All classes have identical voting, dividend, liquidation and other rights and the same terms and conditions, except that fees charged to a Class or Series differ as described below. Revenues, expenses (other than expenses attributable to a specific class), and realized and unrealized trading gains and losses of each Series are allocated daily to Class 1, Class 1a, Class 2, Class 2a, Class 3 and Class 3a Units based on each Class’ respective owners’ capital balances as applicable to the classes maintained by the Series. | |
Payments by the Managing Owner—The Managing Owner may make discretionary payments to the Trust related to a variety of factors, including investment losses to reimburse the effect of a loss on a portfolio investment which has been caused by a situation outside the Trust’s, or it’s affiliates’, direct control. Such payments will be made on a discretionary basis and will be disclosed in the consolidated statement of operations as a net increase from payments by the Managing Owner. These payments are in accordance with the Trust agreement on a discretionary basis as determined by the Managing Owner. | |
Investments and Swaps—The Trust records investment transactions on a trade date basis and all investments are recorded at fair value, with changes in fair value reported as a component of realized and unrealized gains/(losses) on investments in the statements of operations. The Trust strategically invests a portion or all of its assets in total return Swaps, selected at the discretion of the Managing Owner. Swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more underlying investment products or indices. In a typical Swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investment or instrument. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount of 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 valuation of swap contracts requires significant estimates. Swap contracts are reported utilizing Level 3 Inputs. The significant unobservable inputs used in the fair value measurement of the Trust’s Swap contracts are asset liquidity, debt valuation, credit risk, volatility, market risk, distributions, dividends, risk premiums, and other risk management tools. Significant increases (decreases) in any of those inputs in isolation would result in a significantly lower (higher) fair value measurement. Swap Contracts are reported at fair value based upon a weekly indicative value that is calculated by management using bid/ask prices from the counterparty. This fair value is corroborated by valuations provided by a third party pricing service. The third party pricing service utilizes a Black Scholes pricing model with input adjustments factoring in volatility and liquidity of the instruments. All valuation processes are monitored by the valuation committee of the Managing Owner. Please refer to Note 3 Fair Value Measurements. | |
Income Taxes—The Trust applies the provisions of ASC 740 Income Taxes (“ASC 740”), which provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. This interpretation also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods and disclosure. ASC 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Trust’s financial statements to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions with respect to tax at the Trust’s level not deemed to meet the “more-likely-than-not” threshold would be recorded as a tax benefit or expense in the current year. The Managing Owner has concluded there is no tax expense, interest or penalties to be recorded by the Trust for the years ended December 31, 2012, 2011 and 2010. The 2009 through 2012 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, the Trust is not a publicly traded partnership treated as a corporation, and (ii) the discussion set forth in the Prospectus under the heading “Federal Income Tax Consequences” correctly summarizes the material Federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Units of the Trust. | |
Fees and Expenses—All management fees, incentive fees, service fees and trading fees of the Trust are paid to the Managing Owner. It is the responsibility of the Managing Owner to pay all Trading Advisor management and incentive fees, Selling Agent Service fees and all other operating expenses and continuing offering costs of the Trust. | |
Service Fees—The Trust may maintain each Series of Units in three or six sub-classes—Class 1, Class 1a, Class 2, Class 2a, Class 3, and Class 3a. Investors who have purchased Class 1 or Class 1a Units of any Series are charged a service fee of up to three percent (3.0%) annually of the NAV of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 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 three percent (3.0%) of the NAV at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the | |
prepaid initial service fee. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to Selling Agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Frontier Diversified Series, and Frontier Masters Series or Class 2a Units of the Frontier Long/Short Commodity Series) 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. 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. | |
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 born 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—Funds received for new subscriptions and for additions to existing owner interests are recorded as capital additions at the NAV per unit of the second business day following receipt. | |
Recently Issued Accounting Pronouncements—In June of 2013, FASB issued ASU 2013-08 to (i) modify Topic 946 for determining whether an entity is an investment company; (ii) update the measurement requirements for noncontrolling interests in other investment companies; and (iii) require additional disclosures for investment companies under GAAP. This guidance is effective for annual and interim periods beginning on or after December 15, 2013. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. The adoption of this guidance is not expected to have a material impact on the financial positions or results of operations. | |
Recently Adopted Accounting Pronouncements—In December of 2011, FASB issued new guidance that requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. FASB issued additional clarification to specify that the guidance applies only to derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with specific criteria of the Codification or subject to a master netting arrangement or similar agreement. This guidance is effective for annual and interim periods beginning on or after January 1, 2013. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. The adoption of this guidance is not expected to have a material impact on the Trust’s financial position or results of operations and is discussed in Note 7. | |
Subsequent Events—The Trust follows the provisions of ASC 855, Subsequent Events, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date and up through the date the financial statements are issued. Refer to Note 10. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||
3. Fair Value Measurements | |||||||||||||||||
In connection with the valuation of investments the Series apply ASC 820, Fair Value Measurement (“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 asset or liabilities, either directly or indirectly. These might include quoted prices for similar financial assets in active markets, quoted prices for identical or similar financial assets in markets that are not active, inputs other than quoted prices that are observable for the financial asset or inputs that are derived principally from or corroborated by market data by correlation or other means. | |||||||||||||||||
Level 3 Inputs | |||||||||||||||||
Unobservable inputs for determining the fair value of financial assets that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the financial asset. | |||||||||||||||||
The Trust, with respect to the Series, uses the following methodologies to value instruments within its financial asset portfolio at fair value: | |||||||||||||||||
Trading Securities. These instruments include U.S. Treasury securities and open trade equity positions (futures contracts) that are actively traded on public markets with quoted pricing for corroboration. U.S. Treasury securities and futures contracts, are reported at fair value using Level 1 inputs. Trading securities instruments further include open trade equity positions (trading options and currency forwards) that are quoted prices for identical or similar assets that are not traded on active markets. Trading options and currency forwards are reported at fair value using Level 2 inputs. | |||||||||||||||||
Swap Contracts. Certain Series of the Trust strategically invest a portion or all of their assets in total return Swaps, selected at the direction of the Managing Owner. 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 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 of 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. Swap contracts are reported at fair value basis upon daily reports from the counterparty. The valuation requires significant estimates utilizing Level 3 inputs, corroborated by management through the use of a third party pricing service (“pricing service”). The pricing service, utilizing proprietary model-intensive methodologies, selects and implements the pricing model appropriate for each swap valuation. The pricing service does not provide detail of the pricing model to management. The Managing Owner engages, via inquiry and review of methodology documentation, with the service provider to gain an understanding of the valuation model selected, the components of the model, both observable and unobservable; and quality control testing procedures in place. The pricing service’s methodology includes performance of tolerance testing on its valuation models to ensure consistency and reasonableness of the values derived. The tolerance testing includes valuing the components of the product separately, i.e. underlying asset, volatility, financing rates, and so forth. The tolerance testing is part of the initial valuation setup and the ongoing daily valuation process. The pricing service also has several layers of quality control including: engineering / reverse engineering process to understand each Swap and its’ subcomponent parts fully; comparative analysis against other valuations performed with similar composition and characteristics; review of output valuation against expectations based on observable price movements of underlying futures; and lastly, periodic review by senior a financial engineer to ensure the design and function of the model is stable and performs as expected. | |||||||||||||||||
The Managing Owner has chartered a valuation committee to provide oversight of the valuation process for the Series. The valuation committee meets at least monthly to discuss the valuation process and any valuation issues that may arise. The valuation committee is comprised of senior members of the Managing Owner’s management team with varying areas of expertise that add value to the committee. The valuation committee reports to both the Managing Owner’s Investment Oversight and Risk Committee and the Trust’s Executive Committee. The committee further remains in communication with the Managing Owner’s Due Diligence Committee that provides ongoing counterparty risk monitoring of the swap counterparties. The committee monitors daily pricing provided by the swap counterparty and daily valuation provided by the third party pricing service. The valuation committee may request a price challenge if the daily valuation provided by the counterparty valuations differs significantly from the valuation obtained by the pricing service. The Managing Owner’s valuation committee monitors some additional input factors such as liquidity, volatility, and counterparty risk in order to further review the valuations provided by the pricing service. | |||||||||||||||||
Investment in Unconsolidated Trading Companies. This investment represents the fair value of the allocation of cash, futures, forwards, options and swaps to each respective Series relative to its trading allocations from unconsolidated Trading Companies. The Series may redeem their investment in the trading companies on a daily basis at the stated net asset value and therefore the inputs qualify for Level 2. However, as the Series, under the same management as the Trading Companies, have access to the underlying positions of the Trading Companies, the level determination are reflected on that basis. As such, the Series report investments in unconsolidated Trading Companies at fair value using the corresponding inputs of the underlying securities of the Trading Companies which results in the Series reporting the corresponding Level determination from the inputs of the Trading Company. | |||||||||||||||||
The following table summarizes the instruments that comprise the Trust, with respect to the Series, financial asset portfolio, by Series, measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: | |||||||||||||||||
September 30, 2013 | Level 1 Inputs | Level 2 Inputs | Level 3 Inputs | Total Fair | |||||||||||||
Value | |||||||||||||||||
Frontier Diversified Series | |||||||||||||||||
Investment in Unconsolidated Trading Companies | $ | 19,392,371 | $ | 571,967 | $ | — | $ | 19,964,338 | |||||||||
Swap Contracts | — | — | 2,413,658 | 2,413,658 | |||||||||||||
Frontier Masters Series | |||||||||||||||||
Investment in Unconsolidated Trading Companies | 8,512,459 | 414,819 | — | 8,927,278 | |||||||||||||
Frontier Long/Short Commodity Series | |||||||||||||||||
Open Trade Equity (Deficit) | (439,574 | ) | 239,283 | — | (200,291 | ) | |||||||||||
Options Written | — | (29,302 | ) | — | (29,302 | ) | |||||||||||
Swap Contracts | — | — | 2,819,497 | 2,819,497 | |||||||||||||
Balanced Series | |||||||||||||||||
Open Trade Equity (Deficit) | (804,699 | ) | 607,025 | — | (197,674 | ) | |||||||||||
Options Written | — | (467,791 | ) | — | (467,791 | ) | |||||||||||
Swap Contracts | — | — | 7,410,271 | 7,410,271 | |||||||||||||
Investment in Unconsolidated Trading Companies | 15,009,328 | 689,796 | 1,889,036 | 17,588,160 | |||||||||||||
Frontier Select Series (1) | |||||||||||||||||
Investment in Unconsolidated Trading Companies | 3,015,214 | 165,519 | 1,162,962 | 4,343,695 | |||||||||||||
Winton Series | |||||||||||||||||
Investment in Unconsolidated Trading Companies | 6,471,321 | 241,308 | — | 6,712,629 | |||||||||||||
Frontier Heritage Series (2) | |||||||||||||||||
Investment in Unconsolidated Trading Companies | 1,450,986 | 54,106 | 1,453,704 | 2,958,796 | |||||||||||||
-1 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||
-2 | Formerly the Winton/Graham Series. | ||||||||||||||||
December 31, 2012 | Level 1 Inputs | Level 2 Inputs | Level 3 Inputs | Total Fair | |||||||||||||
Value | |||||||||||||||||
Frontier Diversified Series | |||||||||||||||||
Investment in Unconsolidated Trading Companies | $ | 41,070,543 | $ | 1,755,883 | $ | — | $ | 42,826,426 | |||||||||
U.S. Treasury Securities | 3,853,000 | — | — | 3,853,000 | |||||||||||||
Frontier Masters Series | |||||||||||||||||
Investment in Unconsolidated Trading Companies | 8,172,213 | 1,599,584 | — | 9,771,797 | |||||||||||||
U.S. Treasury Securities | 2,212,909 | — | — | 2,212,909 | |||||||||||||
Frontier Long/Short Commodity Series | |||||||||||||||||
Open Trade Equity (Deficit) | (3,720,855 | ) | 2,901,320 | — | (819,535 | ) | |||||||||||
Options Written | — | (928,690 | ) | — | (928,690 | ) | |||||||||||
Investment in Unconsolidated Trading Companies | 3,661,455 | 13,783 | — | 3,675,238 | |||||||||||||
U.S. Treasury Securities | 2,388,540 | — | — | 2,388,540 | |||||||||||||
Balanced Series | |||||||||||||||||
Open Trade Equity (Deficit) | (1,111,681 | ) | 439,170 | — | (672,511 | ) | |||||||||||
Options Written | — | (165,363 | ) | — | (165,363 | ) | |||||||||||
Swap Contracts | — | — | 22,289,478 | 22,289,478 | |||||||||||||
Investment in Unconsolidated Trading Companies | 16,719,672 | 3,473,456 | — | 20,193,128 | |||||||||||||
U.S. Treasury Securities | 5,951,633 | — | — | 5,951,633 | |||||||||||||
Frontier Select Series (1) | |||||||||||||||||
Investment in Unconsolidated Trading Companies | 5,981,225 | 1,392,284 | — | 7,373,509 | |||||||||||||
U.S. Treasury Securities | 961,568 | — | — | 961,568 | |||||||||||||
Winton Series | |||||||||||||||||
Investment in Unconsolidated Trading Companies | 6,820,010 | 45,955 | — | 6,865,965 | |||||||||||||
U.S. Treasury Securities | 1,808,547 | — | — | 1,808,547 | |||||||||||||
Frontier Heritage Series (2) | |||||||||||||||||
Investment in Unconsolidated Trading Companies | 6,070,974 | 103,881 | — | 6,174,855 | |||||||||||||
U.S. Treasury Securities | 776,073 | — | — | 776,073 | |||||||||||||
-1 | Formerly the Tiverton/Graham/Trasntrend Series. | ||||||||||||||||
-2 | Formerly the Winton/Graham Series. | ||||||||||||||||
The changes in Level 3 assets measured at fair value on a recurring basis are summarized in the following tables. Swap contract asset gains and losses (realized/unrealized) included in earnings are classified in “realized and unrealized gain (loss) on investments — net unrealized gain/(loss) on swap contracts” on the statements of operations. Investment in unconsolidated trading company asset gains and losses (realized/unrealized) included in earnings are classified in “Change in fair value of investments in unconsolidated trading companies.” During the nine months ended September 30, 2013, all identified Level 3 assets are components of the Frontier Diversified Series, Balanced Series, Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), Winton Series and Frontier Heritage Series (formerly Winton/Graham Series). | |||||||||||||||||
For the Nine Months Ended September 30, 2013 | |||||||||||||||||
Swaps: | |||||||||||||||||
Frontier Diversified | Frontier Long/Short | Balanced Series | |||||||||||||||
Series | Commodity Series | ||||||||||||||||
Balance of recurring Level 3 assets as of January 1, 2013 | $ | — | $ | — | $ | 22,289,478 | |||||||||||
Total gains or losses (realized/unrealized): | |||||||||||||||||
Included in earnings-realized | — | — | (3,554,723 | ) | |||||||||||||
Included in earnings-unrealized | (986,342 | ) | (60,503 | ) | (225,707 | ) | |||||||||||
Purchases of investments | 3,400,000 | 2,880,000 | 9,600,000 | ||||||||||||||
Sales of investments | — | — | (20,694,866 | ) | |||||||||||||
Change in ownership allocation of total return swaps | — | — | (3,911 | ) | |||||||||||||
Transfers in and/or out of Level 3 | — | — | — | ||||||||||||||
Balance of recurring Level 3 assets as of September 30, 2013 | $ | 2,413,658 | $ | 2,819,497 | $ | 7,410,271 | |||||||||||
Investments in Unconsolidated Trading Companies: | |||||||||||||||||
Balanced Series | Frontier Select Series (1) | ||||||||||||||||
Balance of recurring Level 3 assets as of January 1, 2013 | $ | — | $ | — | |||||||||||||
Change in fair value of investments in unconsolidated trading companies | 489,036 | (437,038 | ) | ||||||||||||||
Proceeds from sales of investments of unconsolidated trading companies | — | — | |||||||||||||||
Purchases of investments of unconsolidated trading companies | 1,400,000 | 1,600,000 | |||||||||||||||
Change in ownership allocation | — | — | |||||||||||||||
Transfers in and/or out of Level 3 | — | — | |||||||||||||||
Balance of recurring Level 3 assets as of September 30, 2013 | $ | 1,889,036 | $ | 1,162,962 | |||||||||||||
Frontier Diversified Series | Frontier Heritage Series (2) | ||||||||||||||||
Balance of recurring Level 3 assets as of January 1, 2013 | $ | — | $ | — | |||||||||||||
Change in fair value of investments in unconsolidated trading companies | (369,546 | ) | (546,296 | ) | |||||||||||||
Proceeds from sales of investments of unconsolidated trading companies | — | — | |||||||||||||||
Purchases of investments of unconsolidated trading companies | 1,000,000 | 2,000,000 | |||||||||||||||
Change in ownership allocation | (630,454 | ) | — | ||||||||||||||
Transfers in and/or out of Level 3 | — | — | |||||||||||||||
Balance of recurring Level 3 assets as of September 30, 2013 | $ | — | $ | 1,453,704 | |||||||||||||
-1 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||
-2 | Formerly the Winton/Graham Series. | ||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||
Swaps: | |||||||||||||||||
Frontier Diversified Series | Frontier Masters Series | Frontier Long/Short | |||||||||||||||
Commodity Series | |||||||||||||||||
Balance of recurring Level 3 assets as of January 1, 2012 | $ | 131,004 | $ | 57,225 | $ | 74,898 | |||||||||||
Total gains or losses (realized/unrealized): | |||||||||||||||||
Included in earnings-realized | (106,862 | ) | (55,669 | ) | (58,693 | ) | |||||||||||
Included in earnings-unrealized | (23,719 | ) | (2,775 | ) | (20,529 | ) | |||||||||||
Change in ownership allocation of credit default swaps | (423 | ) | 1,219 | 4,324 | |||||||||||||
Transfers in and/or out of Level 3 | — | — | — | ||||||||||||||
Balance of recurring Level 3 assets as of December 31, 2012 | $ | — | $ | — | $ | — | |||||||||||
Balanced Series | Frontier Select | ||||||||||||||||
Series (1) | |||||||||||||||||
Balance of recurring Level 3 assets as of January 1, 2012 | $ | 23,819,312 | $ | 34,397 | |||||||||||||
Total gains or losses (realized/unrealized): | |||||||||||||||||
Included in earnings-realized | (175,294 | ) | (34,232 | ) | |||||||||||||
Included in earnings-unrealized | (1,334,945 | ) | (2,448 | ) | |||||||||||||
Sales of swap contract | — | — | |||||||||||||||
Change in ownership allocation of credit default swaps | (19,595 | ) | 2,283 | ||||||||||||||
Transfers in and/or out of Level 3 | — | — | |||||||||||||||
Balance of recurring Level 3 assets as of December 31, 2012 | $ | 22,289,478 | $ | — | |||||||||||||
Winton Series | Frontier Heritage | ||||||||||||||||
Series (2) | |||||||||||||||||
Balance of recurring Level 3 assets as of January 1, 2012 | $ | 61,888 | $ | 30,381 | |||||||||||||
Total gains or losses (realized/unrealized): | |||||||||||||||||
Included in earnings-realized | (57,781 | ) | (30,602 | ) | |||||||||||||
Included in earnings-unrealized | (7,291 | ) | 943 | ||||||||||||||
Change in ownership allocation of credit default swaps | 3,184 | (722 | ) | ||||||||||||||
Transfers in and/or out of Level 3 | — | — | |||||||||||||||
Balance of recurring Level 3 assets as of December 31, 2012 | $ | — | $ | — | |||||||||||||
-1 | Formerly the Tiverton/Graham/Trasntrend Series. | ||||||||||||||||
-2 | Formerly the Winton/Graham Series. | ||||||||||||||||
The Series of the Trust assess the levels of the investments at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer in accordance with the Series’ accounting policy regarding the recognition of transfers between levels of the fair value hierarchy. During the nine months ended September 30, 2013, all identified Level 3 assets are components of the Frontier Diversified Series, Balanced Series, Frontier Select Series (formerly Tiverton/Graham/Transtrend Series) and Frontier Heritage Series (formerly Winton/Graham Series). During the year ended December 31, 2012, the Trust transferred currency forwards from Level 1 assets to Level 2 assets. | |||||||||||||||||
The Frontier Fund [Member] | ' | ||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||
3. Fair Value Measurements | |||||||||||||||||
In connection with the valuation of investments the Trust applies ASC 820, Fair Value Measurement (“ASC 820”). 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 asset or liabilities, either directly or indirectly. These might include quoted prices for similar financial assets in active markets, quoted prices for identical or similar financial assets in markets that are not active, inputs other than quoted prices that are observable for the financial asset or inputs that are derived principally from or corroborated by market data by correlation or other means. | |||||||||||||||||
Level 3 Inputs | |||||||||||||||||
Unobservable inputs for determining the fair value of financial assets that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the financial asset. | |||||||||||||||||
The Trust uses the following methodologies to value instruments within its financial asset portfolio at fair value: | |||||||||||||||||
Trading Securities. These instruments include U.S. Treasury securities and open trade equity positions (futures contracts) that are actively traded on public markets with quoted pricing for corroboration. U.S. Treasury securities and futures contracts are reported at fair value using Level 1 inputs. Trading securities instruments further include open trade equity positions (trading options and currency forwards) that are quoted prices for identical or similar assets that are not traded on active markets. Trading options and currency forwards are reported at fair value using Level 2 inputs. | |||||||||||||||||
Swap Contracts. Certain Series of the Trust strategically invest a portion or all of their assets in total return Swaps, selected at the direction of the Managing Owner. 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 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 of 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. Swap contracts are reported at fair value based upon daily reports from the counterparty. The valuation of swap contracts requires significant estimates utilizing Level 3 Inputs corroborated by management through the use of a third party pricing service (“pricing service”). The pricing service, utilizing proprietary model-intensive methodologies, selects and implements the pricing model appropriate for each swap valuation. The pricing service does not provide detail of the pricing model to management. The Managing Owner through the valuation committee charted by the Executive Committee of the Trust, engages, via inquiry and review of methodology documentation, with the service provider to gain an understanding of the valuation model selected; the components of the model, both observable and unobservable; and quality control testing procedures in place. The valuation committee meets on a monthly basis and as needed to discuss any updates or changes in the valuation process, reporting to the Executive Committee. The pricing service’s methodology includes performance of tolerance testing on its valuation models to ensure consistency and reasonableness of the values derived. The tolerance testing includes valuing the components of the product separately, i.e. underlying asset, volatility, financing rates, and so forth. The tolerance testing is part of the initial valuation setup and throughout the ongoing daily valuation process. The pricing service also has several layers of quality control including: engineering / reverse engineering process to understand each swap and it’s subcomponent parts fully; comparative analysis against other valuations performed with similar composition and characteristics; review of output valuation against expectations based on observable price movements of underlying futures; and lastly, periodic review by senior financial engineer to ensure design and function of model is stable and perform as expected. | |||||||||||||||||
The Managing Owner has chartered a valuation committee to provide oversight of the valuation process for the Series. The valuation committee meets at least monthly to discuss the valuation process and any valuation issues that may arise. The valuation committee is comprised of senior members of the Managing Owner’s management team with varying areas of expertise that add value to the committee. The valuation committee reports to both the Managing Owner’s Investment Oversight and Risk Committee and the Trust’s Executive Committee. The committee further remains in communication with the Managing Owner’s Due Diligence Committee that provides ongoing counterparty risk monitoring of the swap counterparties. The committee monitors daily pricing valuation provided by the swap counterparty and daily valuation provided by the third party pricing service to ensure the change in fair value is reasonable and valuations are in accordance with current regulations and best practices. The committee may request a price challenge if the daily valuation provided by the counterparty valuations differs significantly from the valuation obtained by the pricing service. The Managing Owner’s valuation committee monitors some additional input factors such as liquidity, volatility, and counterparty risk in order to further review the valuations provide by the pricing service. | |||||||||||||||||
The following table summarizes the instruments that comprise the Trust’s financial asset portfolio, by Series, measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: | |||||||||||||||||
September 30, 2013 | Level 1 Inputs | Level 2 Inputs | Level 3 Inputs | Total | |||||||||||||
Fair Value | |||||||||||||||||
Open Trade Equity (Deficit) | $ | 3,018,619 | $ | 3,924,573 | $ | — | $ | 6,943,192 | |||||||||
Swap Contracts | — | — | 17,152,321 | 17,152,321 | |||||||||||||
Written Options | — | (1,586,908 | ) | — | (1,586,908 | ) | |||||||||||
December 31, 2012 | Level 1 Inputs | Level 2 Inputs | Level 3 Inputs | Total | |||||||||||||
Fair Value | |||||||||||||||||
Open Trade Equity (Deficit) | $ | (2,510,310 | ) | $ | 14,626,959 | $ | — | $ | 12,116,649 | ||||||||
Swap Contracts | — | — | 22,289,478 | 22,289,478 | |||||||||||||
U.S. Treasury Securities | 18,001,322 | — | — | 18,001,322 | |||||||||||||
Written Options | — | (4,199,198 | ) | — | (4,199,198 | ) | |||||||||||
For the nine Months Ended | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Balance of recurring Level 3 assets as of January 1, 2013 | $ | 22,289,479 | |||||||||||||||
Total gains or losses (realized/unrealized): | |||||||||||||||||
Included in earnings-realized | (3,555,134 | ) | |||||||||||||||
Included in earnings-unrealized | (2,763,657 | ) | |||||||||||||||
Purchases of investments | 21,880,000 | ||||||||||||||||
Sales of investments | (20,694,866 | ) | |||||||||||||||
Transfers in and/or out of Level 3 | — | ||||||||||||||||
Net change in allocation of total return swap | (3,501 | ) | |||||||||||||||
Balance of recurring Level 3 assets as of September 30, 2013 | $ | 17,152,321 | |||||||||||||||
For the Year Ended | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Balance of recurring Level 3 assets as of January 1, 2012 | $ | 24,211,688 | |||||||||||||||
Total gains or losses (realized/unrealized): | — | ||||||||||||||||
Included in earnings-realized | (525,237 | ) | |||||||||||||||
Included in earnings-unrealized | (1,387,160 | ) | |||||||||||||||
Purchases of investments | — | ||||||||||||||||
Sales of investments | (9,812 | ) | |||||||||||||||
Transfers in and/or out of Level 3 | — | ||||||||||||||||
Balance of recurring Level 3 assets as of December 31, 2012 | $ | 22,289,479 | |||||||||||||||
The Trust assesses the levels of the investments at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer in accordance with the Trust’s accounting policy regarding the recognition of transfers between levels of the fair value hierarchy. | |||||||||||||||||
Swaps
Swaps | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Swaps | ' | ||||||||||||||||
4. Swaps | |||||||||||||||||
In addition to authorizing Trading Advisors to manage pre-determined investment levels of futures and forward contracts, certain Series of the Trust will strategically invest a portion or all of their assets in total return Swaps, selected at the direction of the Managing Owner. Total return Swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more investment products or indices. In a typical total return Swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a “basket” of securities. | |||||||||||||||||
Each Series invested in Credit Default Swaps (“CDS”) with highly-rated counterparties as part of its portfolio. CDS’s are over-the-counter investment instruments designed to mitigate counterparty risk and generally pay upon the happening of a credit default of a counterparty. The CDS were allocated to each Series based on their percentage ownership in the pooled cash management assets at U.S. Bank National Association as of the reporting date. All Credit Default Swaps expired during March, 2012. | |||||||||||||||||
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 September 30, 2013 and December 31, 2012, approximately 5.1% and 4.0%, respectively, of the Trust’s assets were deposited with over-the-counter counterparties in order to initiate and maintain Swaps and is recorded as cash and cash equivalents on the Statements of Financial Condition of the Trust. | |||||||||||||||||
The Series may strategically invest assets in one or more Swaps linked to certain underlying investments or indices at the direction of the Managing Owner. The Trading Company in which the assets of these Series will be invested will not own any of the investments or indices referenced by any Swap entered into by these Series. In addition, neither the swap counterparty to the Trading Company of these Series nor any advisor referenced by any such Swap is a Trading Advisor to these Series. | |||||||||||||||||
On September 6, 2013, the Balanced Series liquidated the Frontier Balanced RCW-1 Swap in the amount of $16,353,609. On April 18, 2013, the Balanced Series liquidated the Frontier Select CTA TRS Deutsche Bank Swap in the amount of $4,341,257. | |||||||||||||||||
The Series had invested in the following Swaps as of and for the nine months ended September 30, 2013: | |||||||||||||||||
Balanced Series | |||||||||||||||||
Balanced Series | Total Return | Total Return | |||||||||||||||
Option/Swap | Swap | Swap | |||||||||||||||
Counterparty | Societe Generale | DeutscheBank | DeutscheBank AG | ||||||||||||||
Notional Amount | $ | — | $ | — | $ | 54,591,769 | |||||||||||
Termination Date | 11/21/14 | 6/30/16 | 8/2/18 | ||||||||||||||
Investee Returns | Total Returns | On Default | On Default | ||||||||||||||
Realized Gain/(Loss) | $ | (1,645,980 | ) | $ | (1,908,743 | ) | $ | — | |||||||||
Unrealized Gain/(Loss) | $ | 215,224 | $ | 1,746,254 | $ | (2,187,185 | ) | ||||||||||
Fair Value as of 9/30/2013 | $ | — | $ | — | $ | 7,410,271 | |||||||||||
Diversified Series | |||||||||||||||||
Total Return Swap | |||||||||||||||||
Counterparty | DeutscheBank AG | ||||||||||||||||
Notional Amount | $ | 25,500,000 | |||||||||||||||
Termination Date | 8/2/18 | ||||||||||||||||
Investee Returns | On Default | ||||||||||||||||
Realized Gain/(Loss) | $ | — | |||||||||||||||
Unrealized Gain/(Loss) | $ | (986,342 | ) | ||||||||||||||
Fair Value as of 9/30/2013 | $ | 2,413,658 | |||||||||||||||
Frontier Long/Short | |||||||||||||||||
Commodity Series | |||||||||||||||||
Total Return Swap | |||||||||||||||||
Counterparty | DeutscheBank AG | ||||||||||||||||
Notional Amount | $ | 34,400,000 | |||||||||||||||
Termination Date | 8/7/18 | ||||||||||||||||
Investee Returns | On Default | ||||||||||||||||
Realized Gain/(Loss) | $ | — | |||||||||||||||
Unrealized Gain/(Loss) | $ | (60,503 | ) | ||||||||||||||
Fair Value as of 9/30/2013 | $ | 2,819,497 | |||||||||||||||
The Series had invested in the following Swaps as and for the year ended December 31, 2012: | |||||||||||||||||
Frontier Diversified Series | |||||||||||||||||
Credit Default Swap | Credit Default Swap | ||||||||||||||||
Counterparty | BNP Paribas | Societe Generale | |||||||||||||||
Notional Amount | $ | — | $ | — | |||||||||||||
Termination Date | 3/20/12 | 3/20/12 | |||||||||||||||
Investee Returns | On Default | On Default | |||||||||||||||
Realized Gain/(Loss) | $ | (83,850 | ) | $ | (23,012 | ) | |||||||||||
Unrealized Gain/(Loss) | $ | (46,731 | ) | $ | 23,012 | ||||||||||||
Fair Value as of 12/31/2012 | $ | — | $ | — | |||||||||||||
Frontier Masters Series | |||||||||||||||||
Credit Default Swap | Credit Default Swap | ||||||||||||||||
Counterparty | BNP Paribas | Societe Generale | |||||||||||||||
Notional Amount | $ | — | $ | — | |||||||||||||
Termination Date | 3/20/12 | 3/20/12 | |||||||||||||||
Investee Returns | On Default | On Default | |||||||||||||||
Realized Gain/(Loss) | $ | (44,412 | ) | $ | (11,257 | ) | |||||||||||
Unrealized Gain/(Loss) | $ | (14,032 | ) | $ | 11,257 | ||||||||||||
Fair Value as of 12/31/2012 | $ | — | $ | — | |||||||||||||
Frontier Long/Short Commodity Series | |||||||||||||||||
Credit Default Swap | Credit Default Swap | ||||||||||||||||
Counterparty | BNP Paribas | Societe Generale | |||||||||||||||
Notional Amount | $ | — | $ | — | |||||||||||||
Termination Date | 3/20/12 | 3/20/12 | |||||||||||||||
Investee Returns | On Default | On Default | |||||||||||||||
Realized Gain/(Loss) | $ | (45,848 | ) | $ | (12,845 | ) | |||||||||||
Unrealized Gain/(Loss) | $ | (33,374 | ) | $ | 12,845 | ||||||||||||
Fair Value as of 12/31/2012 | $ | — | $ | — | |||||||||||||
Balanced Series | |||||||||||||||||
Credit Default Swap | Credit Default Swap | Option/Swap | Total Return Swap | ||||||||||||||
Counterparty | BNP Paribas | Societe Generale | Societe Generale | DeutscheBank | |||||||||||||
Notional Amount | $ | — | $ | — | $ | 20,486,403 | $ | 23,551,287 | |||||||||
Termination Date | 3/20/12 | 3/20/12 | 11/21/14 | 6/30/16 | |||||||||||||
Investee Returns | On Default | On Default | Total Returns | Total Returns | |||||||||||||
Realized Gain/(Loss) | $ | (133,362 | ) | $ | (41,932 | ) | $ | — | $ | — | |||||||
Unrealized Gain/(Loss) | $ | (87,639 | ) | $ | 41,932 | $ | 78,977 | $ | (1,344,945 | ) | |||||||
Fair Value as of 12/31/2012 | $ | — | $ | — | $ | 17,785,734 | $ | 4,503,744 | |||||||||
Frontier Select Series (1) | |||||||||||||||||
Credit Default Swap | Credit Default Swap | ||||||||||||||||
Counterparty | BNP Paribas | Societe Generale | |||||||||||||||
Notional Amount | $ | — | $ | — | |||||||||||||
Termination Date | 3/20/12 | 3/20/12 | |||||||||||||||
Investee Returns | On Default | On Default | |||||||||||||||
Realized Gain/(Loss) | $ | (26,333 | ) | $ | (7,899 | ) | |||||||||||
Unrealized Gain/(Loss) | $ | (10,347 | ) | $ | 7,899 | ||||||||||||
Fair Value as of 12/31/2012 | $ | — | $ | — | |||||||||||||
-1 | Formerly known as the Tiverton/Graham/Transtrend Series | ||||||||||||||||
Winton Series | |||||||||||||||||
Credit Default Swap | Credit Default Swap | ||||||||||||||||
Counterparty | BNP Paribas | Societe Generale | |||||||||||||||
Notional Amount | $ | — | $ | — | |||||||||||||
Termination Date | 3/20/12 | 3/20/12 | |||||||||||||||
Investee Returns | On Default | On Default | |||||||||||||||
Realized Gain/(Loss) | $ | (45,616 | ) | $ | (12,165 | ) | |||||||||||
Unrealized Gain/(Loss) | $ | (19,456 | ) | $ | 12,165 | ||||||||||||
Fair Value as of 12/31/2012 | $ | — | $ | — | |||||||||||||
Frontier Heritage Series (1) | |||||||||||||||||
Credit Default Swap | Credit Default Swap | ||||||||||||||||
Counterparty | BNP Paribas | Societe Generale | |||||||||||||||
Notional Amount | $ | — | $ | — | |||||||||||||
Termination Date | 3/20/12 | 3/20/12 | |||||||||||||||
Investee Returns | On Default | On Default | |||||||||||||||
Realized Gain/(Loss) | $ | (23,131 | ) | $ | (7,471 | ) | |||||||||||
Unrealized Gain/(Loss) | $ | (6,528 | ) | $ | 7,471 | ||||||||||||
Fair Value as of 12/31/2012 | $ | — | $ | — | |||||||||||||
-1 | Formerly the Winton/Graham Series. | ||||||||||||||||
The Frontier Fund [Member] | ' | ||||||||||||||||
Swaps | ' | ||||||||||||||||
4. Swaps | |||||||||||||||||
In addition to authorizing Trading Advisors to manage pre-determined investment levels of futures and forward contracts, certain Series of the Trust will strategically invest a portion or all of their assets in total return swaps, selected at the direction of the Managing Owner. Total return Swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more investment products or indices. In a typical total return Swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a “basket” of securities. | |||||||||||||||||
The Trust invested in Credit Default Swaps (“CDS”) with highly-rated counterparties as part of its portfolio. CDSs are over-the-counter investment instruments designed to mitigate counterparty risk and generally pay upon the happening of a credit default of a counterparty. The CDS were allocated to each Series based on their percentage ownership in the pooled cash management assets at U.S. Bank National Association as of the reporting date. All Credit Default Swaps had expired as of March 31, 2012. | |||||||||||||||||
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 September 30, 2013 and December 31, 2012, approximately 5.1% and 4.0%, respectively, of the Trust’s assets were deposited with over-the-counter counterparties in order to initiate and maintain Swaps. | |||||||||||||||||
The Trust strategically invests assets in one or more swaps linked to certain underlying investments or indices at the direction of the Managing Owner. The Trading Company in which the assets of the Trust will be invested will not own any of the investments or indices referenced by any swap entered into by the Trust. In addition, neither the swap counterparty nor any advisor referenced by any such swap is a Trading Advisor to the Trust. | |||||||||||||||||
The Trust had invested in the following swaps as of and for the nine months ended September 30, 2013: | |||||||||||||||||
Total Return Swap | Total Return Swap | Total Return Swap | |||||||||||||||
Counterparty | DeutscheBank | DeutscheBank | DeutscheBank | ||||||||||||||
Notional Amount | $ | 31,180,925 | $ | 54,591,769 | $ | 25,500,000 | |||||||||||
Termination Date | 3/26/18 | 8/2/18 | 8/2/18 | ||||||||||||||
Investee Returns | On Default | On Default | On Default | ||||||||||||||
Realized Gain/(Loss) | $ | — | $ | — | $ | — | |||||||||||
Unrealized Gain/(Loss) | $ | (1,490,148 | ) | $ | (2,187,185 | ) | $ | (986,342 | ) | ||||||||
Fair Value as of 9/30/2013 | $ | 4,506,351 | $ | 7,412,815 | $ | 2,413,658 | |||||||||||
Total Return Swap | Balanced Series Option/Swap | Total Return Swap | |||||||||||||||
Counterparty | Deutsche Bank AG | Societe Generale | DeutscheBank | ||||||||||||||
Notional Amount | 34,400,000 | $ | — | $ | — | ||||||||||||
Termination Date | 8/7/18 | 11/21/14 | 6/30/16 | ||||||||||||||
Investee Returns | On Default | Total Returns | On Default | ||||||||||||||
Realized Gain/(Loss) | — | $ | (1,645,980 | ) | $ | (1,909,154 | ) | ||||||||||
Unrealized Gain/(Loss) | (60,503 | ) | $ | 215,224 | $ | 1,745,297 | |||||||||||
Fair Value as of 9/30/2013 | 2,819,497 | $ | — | $ | — | ||||||||||||
The Trust had invested in the following swaps as of and for the year ended December 31, 2012: | |||||||||||||||||
Credit Default Swap | Credit Default Swap | Option/Swap | Total Return Swap | ||||||||||||||
Counterparty | BNP Paribas | Societe Generale | Societe Generale | DeutscheBank | |||||||||||||
Notional Amount | $ | — | $ | — | $ | 20,486,403 | $ | 23,551,287 | |||||||||
Termination Date | 3/20/12 | 3/20/12 | 11/21/14 | 6/30/16 | |||||||||||||
Investee Returns | On Default | On Default | Total Returns | Total Returns | |||||||||||||
Realized Gain/(Loss) | $ | (407,283 | ) | $ | (117,954 | ) | $ | — | $ | — | |||||||
Unrealized Gain/(Loss) | $ | (215,874 | ) | $ | 117,954 | $ | 78,977 | $ | (1,378,028 | ) | |||||||
Fair Value as of 12/31/2012 | $ | — | $ | — | $ | 17,785,733 | $ | 4,503,745 |
Investments_in_Unconsolidated_
Investments in Unconsolidated Trading Companies | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Equity Method Investments And Joint Ventures [Abstract] | ' | ||||||||||||||||||||||||||||||||
Investments in Unconsolidated Trading Companies | ' | ||||||||||||||||||||||||||||||||
5. Investments in Unconsolidated Trading Companies | |||||||||||||||||||||||||||||||||
Investments in unconsolidated trading companies represent cash and open trade equity invested in the Trading Companies by each Series and cumulative trading profits or losses allocated to each Series by the Trading Companies. Trading Companies allocate trading profits or losses on the basis of the proportion of each Series’ capital allocated for trading to each respective Trading Company, which bears no relationship to the amount of cash invested by a Series in the Trading Company. The Trading Companies are valued using the equity method of accounting, which approximates fair value. | |||||||||||||||||||||||||||||||||
The following table summarizes the Balanced Series, Winton Series, Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), Frontier Heritage Series (formerly Winton/Graham Series), Frontier Long/Short Commodity Series, Frontier Diversified Series, and Frontier Masters Series investments in unconsolidated Trading Companies as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||||||
As of September 30, 2013 | As of December 31, 2012 | ||||||||||||||||||||||||||||||||
Percentage of | Fair Value | Percentage of | Fair Value | ||||||||||||||||||||||||||||||
Series Net | Series Net | ||||||||||||||||||||||||||||||||
Assets Invested | Assets Invested | ||||||||||||||||||||||||||||||||
in Unconsolidated | in Unconsolidated | ||||||||||||||||||||||||||||||||
Trading Companies | Trading Companies | ||||||||||||||||||||||||||||||||
Series | |||||||||||||||||||||||||||||||||
Frontier Diversified Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Companies I, II, VII, IX, XIV, XV, XXXIII and XXXIX | 29.37 | % | $ | 19,964,338 | 37.18 | % | $ | 42,826,426 | |||||||||||||||||||||||||
Frontier Masters Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Companies II, XIV and XV | 23.77 | % | $ | 8,927,278 | 18.98 | % | $ | 9,771,797 | |||||||||||||||||||||||||
Frontier Long/Short Commodity Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company I | — | — | 6 | % | $ | 3,675,238 | |||||||||||||||||||||||||||
Balanced Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Companies II, VII, XIV, XV, XVIII, XXIII and XXXIX | 13.6 | % | $ | 17,588,160 | 8.24 | % | $ | 20,193,128 | |||||||||||||||||||||||||
Frontier Select Series (1) — | |||||||||||||||||||||||||||||||||
Frontier Trading Companies XV and XXXIX | 22.54 | % | $ | 4,343,695 | 29.09 | % | $ | 7,373,509 | |||||||||||||||||||||||||
Winton Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company II | 18.45 | % | $ | 6,712,629 | 16.76 | % | $ | 6,865,965 | |||||||||||||||||||||||||
Frontier Heritage Series (2) — | |||||||||||||||||||||||||||||||||
Frontier Trading Companies II and XXXIX | 19.72 | % | $ | 2,958,796 | 29.75 | % | $ | 6,174,855 | |||||||||||||||||||||||||
-1 | Formerly known as the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||
-1 | Formerly known as the Winton/Graham Series. | ||||||||||||||||||||||||||||||||
The following tables summarize the Balanced Series, Winton Series, Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), Frontier Heritage Series (formerly Winton/Graham Series), Frontier Long/Short Commodity Series, Frontier Diversified Series and Frontier Masters Series equity in earnings from unconsolidated Trading Companies for the three and nine months ended September 30, 2013 and 2012. | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Change in | Change in | ||||||||||||||||||||||||||||||||
Trading | Realized | Unrealized | Net Income | Trading | Realized | Unrealized | Net Income | ||||||||||||||||||||||||||
Commissions | Gain/(Loss) | Gain/(Loss) | (Loss) | Commissions | Gain/(Loss) | Gain/(Loss) | (Loss) | ||||||||||||||||||||||||||
Trading Company | |||||||||||||||||||||||||||||||||
Balanced Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company I LLC | |||||||||||||||||||||||||||||||||
Frontier Trading Company II LLC | $ | (9,318 | ) | $ | (560,883 | ) | $ | 223,628 | $ | (346,573 | ) | $ | (14,301 | ) | $ | 70,125 | $ | 373,430 | $ | 429,254 | |||||||||||||
Frontier Trading Company V LLC | — | — | — | — | (17,266 | ) | 845,162 | (665,782 | ) | 162,114 | |||||||||||||||||||||||
Frontier Trading Company VII, LLC | (92,999 | ) | (3,300,304 | ) | 2,074,995 | (1,318,308 | ) | (192,209 | ) | (24,332,527 | ) | 20,896,332 | (3,628,403 | ) | |||||||||||||||||||
Frontier Trading Company XIV, LLC | (192,816 | ) | (5,398,107 | ) | 2,531,471 | (3,059,452 | ) | — | — | — | — | ||||||||||||||||||||||
Frontier Trading Company XV, LLC | (33,508 | ) | 371,848 | (2,216,125 | ) | (1,877,785 | ) | — | — | — | — | ||||||||||||||||||||||
Frontier Trading Company XVIII, LLC | (1,048 | ) | (33,791 | ) | — | (34,839 | ) | (5,348 | ) | 185,413 | 46,345 | 226,410 | |||||||||||||||||||||
Frontier Trading Company XXIII, LLC | — | — | — | — | (872 | ) | (136,395 | ) | 19,584 | (117,683 | ) | ||||||||||||||||||||||
Frontier Trading Company XXXIX, LLC | (1,468 | ) | — | (264,965 | ) | (266,433 | ) | — | — | — | — | ||||||||||||||||||||||
Total | $ | (331,157 | ) | $ | (8,921,237 | ) | $ | 2,349,004 | $ | (6,903,390 | ) | $ | (229,996 | ) | $ | (23,368,222 | ) | $ | 20,669,909 | $ | (2,928,309 | ) | |||||||||||
Winton Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company II LLC | $ | (11,655 | ) | $ | (666,174 | ) | $ | 297,231 | $ | (380,598 | ) | $ | (11,442 | ) | $ | 24,971 | $ | 588,982 | $ | 602,511 | |||||||||||||
Frontier Select Series (1) — | |||||||||||||||||||||||||||||||||
Frontier Trading Company V LLC | $ | — | $ | — | $ | — | $ | — | $ | (22,533 | ) | $ | 1,102,656 | $ | (865,374 | ) | $ | 214,749 | |||||||||||||||
Frontier Trading Company XV, LLC | (24,262 | ) | 85,305 | (951,521 | ) | (890,478 | ) | (20,157 | ) | 62,519 | (55,047 | ) | (12,684 | ) | |||||||||||||||||||
Frontier Trading Company XXI, LLC | — | — | — | (13,232 | ) | 174,405 | (40,209 | ) | 120,964 | ||||||||||||||||||||||||
Frontier Trading Company XXXIX, LLC | (903 | ) | — | (130,250 | ) | (131,153 | ) | — | — | — | — | ||||||||||||||||||||||
Total | $ | (25,165 | ) | $ | 85,305 | $ | (1,081,771 | ) | $ | (1,021,631 | ) | $ | (55,922 | ) | $ | 1,339,580 | $ | (960,630 | ) | $ | 323,029 | ||||||||||||
Frontier Heritage Series (2) — | |||||||||||||||||||||||||||||||||
Frontier Trading Company II LLC | $ | (2,614 | ) | $ | (149,499 | ) | $ | 66,609 | $ | (85,504 | ) | $ | (3,363 | ) | $ | 326 | $ | 426,552 | $ | 423,516 | |||||||||||||
Frontier Trading Company V LLC | — | — | — | — | (21,237 | ) | 834,906 | (51,282 | ) | 762,386 | |||||||||||||||||||||||
Frontier Trading Company XXXIX, LLC | (1,129 | ) | (162,814 | ) | — | (163,943 | ) | — | — | — | — | ||||||||||||||||||||||
Total | $ | (3,743 | ) | $ | (312,313 | ) | $ | 66,609 | $ | (249,447 | ) | $ | (24,600 | ) | $ | 835,232 | $ | 375,270 | $ | 1,185,902 | |||||||||||||
Frontier Long/Short Commodity Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company I LLC | $ | (4,748 | ) | $ | (478,294 | ) | $ | 132,144 | $ | (350,898 | ) | $ | (18,573 | ) | $ | (370,180 | ) | $ | 2,936 | $ | (385,817 | ) | |||||||||||
Frontier Trading Companies XVIII, LLC | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Frontier Trading Companies XXIII, LLC | — | — | — | — | (6,502 | ) | (323,461 | ) | 68,223 | (261,740 | ) | ||||||||||||||||||||||
Total | $ | (4,748 | ) | $ | (478,294 | ) | $ | — | $ | (350,898 | ) | $ | (25,075 | ) | $ | (693,641 | ) | $ | 71,159 | $ | (647,557 | ) | |||||||||||
Frontier Diversified Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company I LLC | $ | (82,715 | ) | $ | (95,717 | ) | $ | (814,937 | ) | $ | (993,369 | ) | $ | (147,606 | ) | $ | (191,391 | ) | $ | (393,000 | ) | $ | (731,997 | ) | |||||||||
Frontier Trading Company II LLC | (5,469 | ) | (310,367 | ) | 140,441 | (175,395 | ) | (6,875 | ) | 7,849 | 420,549 | 421,524 | |||||||||||||||||||||
Frontier Trading Company V LLC | — | — | — | — | (11,924 | ) | 583,700 | (459,899 | ) | 111,876 | |||||||||||||||||||||||
Frontier Trading Company VI LLC | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Frontier Trading Company VII, LLC | (91,413 | ) | (1,364,053 | ) | 1,202,102 | (253,364 | ) | (107,417 | ) | (12,417,915 | ) | 10,661,492 | (1,863,839 | ) | |||||||||||||||||||
Frontier Trading Company IX, LLC | — | (6 | ) | (6 | ) | (19 | ) | 532 | — | 513 | |||||||||||||||||||||||
Frontier Trading Company XIV, LLC | (163,648 | ) | (4,745,349 | ) | 2,016,387 | (2,892,610 | ) | (161,652 | ) | 6,242,591 | (542,495 | ) | 5,538,445 | ||||||||||||||||||||
Frontier Trading Company XV, LLC | (25,366 | ) | 244,658 | (1,593,532 | ) | (1,374,240 | ) | (34,788 | ) | 92,877 | (43,252 | ) | 14,837 | ||||||||||||||||||||
Frontier Trading Company XVIII, LLC | — | — | — | — | (1,662 | ) | 57,605 | 14,262 | 70,205 | ||||||||||||||||||||||||
Frontier Trading Company XXI, LLC | — | — | — | — | (309 | ) | 4,122 | (1,108 | ) | 2,705 | |||||||||||||||||||||||
Frontier Trading Company XXIII, LLC | (1,893 | ) | 7,569 | (29,894 | ) | (24,218 | ) | (12,364 | ) | (550,605 | ) | 122,426 | (440,544 | ) | |||||||||||||||||||
Frontier Trading Company XXXIX, LLC | — | — | 3,222 | 3,222 | — | — | — | — | |||||||||||||||||||||||||
Total | $ | (370,504 | ) | $ | (6,263,265 | ) | $ | 923,789 | $ | (5,709,980 | ) | $ | (484,616 | ) | $ | (6,170,635 | ) | $ | 9,778,975 | $ | 3,123,724 | ||||||||||||
Frontier Masters Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company II LLC | $ | (3,449 | ) | $ | (197,161 | ) | $ | 87,980 | $ | (112,630 | ) | $ | (3,386 | ) | $ | 7,390 | $ | 174,274 | $ | 178,278 | |||||||||||||
Frontier Trading Company XIV, LLC | (72,982 | ) | (2,210,977 | ) | 1,025,721 | (1,258,238 | ) | (65,090 | ) | 2,513,002 | (222,782 | ) | 2,225,130 | ||||||||||||||||||||
Frontier Trading Company XV, LLC | (35,063 | ) | 99,114 | (1,202,493 | ) | (1,138,442 | ) | (14,120 | ) | 44,241 | (39,084 | ) | (8,963 | ) | |||||||||||||||||||
Total | $ | (111,494 | ) | $ | (2,309,024 | ) | $ | (88,792 | ) | $ | (2,509,310 | ) | $ | (82,596 | ) | $ | 2,564,633 | $ | (87,592 | ) | $ | 2,394,445 | |||||||||||
-1 | Formerly known as the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||
-2 | Formerly known as the Winton/Graham Series. | ||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Trading | Realized | Change in | Net Income | Trading | Realized | Change in | Net Income | ||||||||||||||||||||||||||
Commissions | Gain/(Loss) | Unrealized | (Loss) | Commissions | Gain/(Loss) | Unrealized | (Loss) | ||||||||||||||||||||||||||
Gain/(Loss) | Gain/(Loss) | ||||||||||||||||||||||||||||||||
Trading Company | |||||||||||||||||||||||||||||||||
Balanced Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company II LLC | $ | (33,765 | ) | $ | 1,282,222 | $ | 316,134 | $ | 1,564,591 | $ | (49,697 | ) | $ | (652,377 | ) | $ | (1,302,487 | ) | $ | (2,004,561 | ) | ||||||||||||
Frontier Trading Company V LLC | (13,876 | ) | 1,530,384 | (272,459 | ) | 1,244,049 | (103,975 | ) | 769,589 | (636,783 | ) | 28,831 | |||||||||||||||||||||
Frontier Trading Company VII, LLC | (396,883 | ) | (2,545,172 | ) | 35,837 | (2,906,218 | ) | (545,241 | ) | (22,610,306 | ) | 16,047,057 | (7,108,490 | ) | |||||||||||||||||||
Frontier Trading Company XV, LLC | (472,744 | ) | (14,503,646 | ) | 194,875 | (14,781,515 | ) | ||||||||||||||||||||||||||
Frontier Trading Company XVI, LLC | (109,397 | ) | (556,817 | ) | 773,099 | 106,885 | |||||||||||||||||||||||||||
Frontier Trading Company XVIII, LLC | (9,693 | ) | (192,512 | ) | (91,675 | ) | (293,880 | ) | (10,452 | ) | 267,327 | (42,881 | ) | 213,994 | |||||||||||||||||||
Frontier Trading Company XXIII, LLC | (3,526 | ) | (194,695 | ) | 546 | (197,675 | ) | (20,804 | ) | 229,730 | 45,494 | 254,420 | |||||||||||||||||||||
Frontier Trading Company XXXIX, LLC | (1,468 | ) | — | (569,218 | ) | (570,686 | ) | ||||||||||||||||||||||||||
Total | $ | (1,041,352 | ) | $ | (15,180,236 | ) | $ | 387,139 | $ | (15,834,449 | ) | $ | (730,169 | ) | $ | (21,996,037 | ) | $ | 14,110,400 | $ | (8,615,806 | ) | |||||||||||
Winton Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company II LLC | $ | (37,129 | ) | $ | 1,261,438 | $ | 184,516 | $ | 1,408,825 | $ | (39,805 | ) | $ | (531,851 | ) | $ | (774,310 | ) | $ | (1,345,966 | ) | ||||||||||||
Frontier Select Series (1) — | |||||||||||||||||||||||||||||||||
Frontier Trading Company V LLC | $ | (12,346 | ) | $ | 1,188,592 | $ | (78,854 | ) | $ | 1,097,392 | $ | (113,007 | ) | $ | 2,510,500 | $ | (2,450,908 | ) | $ | (53,415 | ) | ||||||||||||
Frontier Trading Company VI LLC | — | — | — | ||||||||||||||||||||||||||||||
Frontier Trading Company XV, LLC | (71,581 | ) | (158,898 | ) | (177,597 | ) | (408,076 | ) | (53,677 | ) | (399,398 | ) | (135,117 | ) | (588,192 | ) | |||||||||||||||||
Frontier Trading Company XXI, LLC | — | — | — | (28,537 | ) | 1,173,471 | (625,981 | ) | 518,953 | ||||||||||||||||||||||||
Frontier Trading Company XXXIX, LLC | (903 | ) | — | (349,759 | ) | (350,662 | ) | ||||||||||||||||||||||||||
Total | $ | (84,830 | ) | $ | 1,029,694 | $ | (606,210 | ) | $ | 338,654 | $ | (195,221 | ) | $ | 3,284,573 | $ | (3,212,006 | ) | $ | (122,654 | ) | ||||||||||||
Frontier Heritage Series (2) — | |||||||||||||||||||||||||||||||||
Frontier Trading Company II LLC | $ | (8,383 | ) | $ | 276,041 | $ | 84,440 | $ | 352,098 | $ | (13,788 | ) | $ | (203,332 | ) | $ | (72,990 | ) | $ | (290,110 | ) | ||||||||||||
Frontier Trading Company V LLC | (13,268 | ) | 1,404,612 | (205,240 | ) | 1,186,104 | (141,659 | ) | 703,045 | (180,080 | ) | 381,306 | |||||||||||||||||||||
Frontier Trading Company XXXIX, LLC | (1,129 | ) | — | (437,198 | ) | (438,327 | ) | ||||||||||||||||||||||||||
Total | $ | (22,780 | ) | $ | 1,680,653 | $ | (557,998 | ) | $ | 1,099,875 | $ | (155,447 | ) | $ | 499,713 | $ | (253,070 | ) | $ | 91,196 | |||||||||||||
Frontier Long/Short Commodity Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company I LLC | $ | (35,831 | ) | $ | (778,371 | ) | $ | 98,091 | $ | (716,111 | ) | $ | (48,910 | ) | $ | (1,444,726 | ) | $ | (350,054 | ) | $ | (1,843,690 | ) | ||||||||||
Frontier Trading Companies XVIII, LLC | — | — | (11,271 | ) | 116,615 | (48,976 | ) | 56,368 | |||||||||||||||||||||||||
Frontier Trading Companies XXIII, LLC | (7,153 | ) | (263,068 | ) | (24,083 | ) | (294,304 | ) | (18,453 | ) | (103,400 | ) | 82,874 | (38,979 | ) | ||||||||||||||||||
Total | $ | (42,984 | ) | $ | (1,041,439 | ) | $ | 74,008 | $ | (1,010,415 | ) | $ | (78,634 | ) | $ | (1,431,511 | ) | $ | (316,156 | ) | $ | (1,826,301 | ) | ||||||||||
Frontier Diversified Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company I LLC | $ | (314,471 | ) | $ | (1,868,764 | ) | $ | (1,162,025 | ) | $ | (3,345,260 | ) | $ | (548,081 | ) | $ | 2,682,665 | $ | 43,648 | $ | 2,178,232 | ||||||||||||
Frontier Trading Company II LLC | (18,815 | ) | 697,242 | 79,465 | 757,892 | (24,988 | ) | (349,717 | ) | (446,860 | ) | (821,565 | ) | ||||||||||||||||||||
Frontier Trading Company V LLC | (380,661 | ) | (10,547,784 | ) | 281,573 | (10,646,872 | ) | (60,488 | ) | 520,005 | (511,640 | ) | (52,123 | ) | |||||||||||||||||||
Frontier Trading Company VI LLC | |||||||||||||||||||||||||||||||||
Frontier Trading Company VII, LLC | (283,574 | ) | (571,954 | ) | (186,485 | ) | (1,042,013 | ) | (292,225 | ) | (11,523,540 | ) | 8,122,052 | (3,693,713 | ) | ||||||||||||||||||
Frontier Trading Company IX, LLC | (12,383 | ) | (279,001 | ) | (62,409 | ) | (353,793 | ) | |||||||||||||||||||||||||
Frontier Trading Company XIV, LLC | (137,819 | ) | 1,604,571 | 387,887 | 1,854,639 | (422,308 | ) | 9,598,657 | 134,134 | 9,310,483 | |||||||||||||||||||||||
Frontier Trading Company XV, LLC | (75,052 | ) | (534,948 | ) | 730,530 | 120,530 | (109,628 | ) | (1,024,135 | ) | (99,522 | ) | (1,233,285 | ) | |||||||||||||||||||
Frontier Trading Company XVIII, LLC | (24,995 | ) | 306,715 | (105,758 | ) | 175,962 | |||||||||||||||||||||||||||
Frontier Trading Company XXI, LLC | (834 | ) | 26,658 | (3,205 | ) | 22,619 | |||||||||||||||||||||||||||
Frontier Trading Company XXIII, LLC | (16,989 | ) | (511,401 | ) | (95,340 | ) | (623,730 | ) | (22,330 | ) | (367,519 | ) | 135,130 | (254,719 | ) | ||||||||||||||||||
Frontier Trading Company XXXIX, LLC | (133,973 | ) | (133,973 | ) | |||||||||||||||||||||||||||||
Total | $ | (1,227,381 | ) | $ | (11,733,038 | ) | $ | (98,368 | ) | $ | (13,058,787 | ) | $ | (1,518,260 | ) | $ | (409,212 | ) | $ | 7,205,570 | $ | 5,278,098 | |||||||||||
Frontier Masters Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company II LLC | $ | (10,993 | ) | $ | 373,507 | $ | 53,367 | $ | 415,881 | $ | (11,779 | ) | $ | (157,423 | ) | $ | (229,350 | ) | $ | (398,552 | ) | ||||||||||||
Frontier Trading Company XIV, LLC | (211,038 | ) | (4,305,339 | ) | 559,649 | (3,956,728 | ) | (195,378 | ) | 4,036,881 | (139,982 | ) | 3,701,521 | ||||||||||||||||||||
Frontier Trading Company XV, LLC | (110,645 | ) | (311,409 | ) | (230,903 | ) | (652,957 | ) | (38,432 | ) | (318,002 | ) | (57,922 | ) | (414,356 | ) | |||||||||||||||||
Total | $ | (332,676 | ) | $ | (4,243,241 | ) | $ | 382,113 | $ | (4,193,804 | ) | $ | (245,589 | ) | $ | 3,561,456 | $ | (427,254 | ) | $ | 2,888,613 | ||||||||||||
-1 | Formerly known as the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||
-2 | Formerly known as the Winton/Graham Series. | ||||||||||||||||||||||||||||||||
The statements of financial condition as of September 30, 2013 and December 31, 2012 and the Condensed Statement of Income for the three and nine months ended September 30, 2013 and 2012 for the unconsolidated Trading Companies are as follows: | |||||||||||||||||||||||||||||||||
Statements of Financial Condition - September 30, 2013 | Frontier Trading | Frontier Trading | Frontier Trading | Frontier Trading | |||||||||||||||||||||||||||||
Company II LLC | Company XV LLC | Company XIV LLC | Company XXXIX LLC | ||||||||||||||||||||||||||||||
Receivable from commission merchants | $ | 14,873,923 | $ | 11,728,864 | $ | 12,260,120 | $ | 5,996,500 | |||||||||||||||||||||||||
Open trade equity/(deficit) | 2,217,360 | 3,540,384 | 493,826 | -1,490,149 | |||||||||||||||||||||||||||||
Interest receivable/(payable) | 485 | 1,172 | (1,325 | ) | 0 | ||||||||||||||||||||||||||||
Total assets | $ | 17,091,768 | $ | 15,270,420 | 12,752,621 | $ | 4,506,351 | ||||||||||||||||||||||||||
Members’ equity | $ | 17,091,768 | $ | 15,270,420 | $ | 12,752,621 | $ | 4,506,351 | |||||||||||||||||||||||||
Condensed Statement of Income - For the Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Interest income | $ | 1,296 | $ | 14,902 | $ | (6,289 | ) | $ | — | ||||||||||||||||||||||||
Net realized gain/(loss) on investments, less commissions | (1,917,886 | ) | 667,824 | (12,615,137 | ) | (3,500 | ) | ||||||||||||||||||||||||||
Change in open trade equity/(deficit) | 815,889 | (5,963,669 | ) | 5,229,959 | (554,809 | ) | |||||||||||||||||||||||||||
Net income/(loss) | $ | (1,100,701 | ) | $ | (5,280,943 | ) | $ | (7,391,467 | ) | $ | (558,309 | ) | |||||||||||||||||||||
Condensed Statement of Income - For the Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Interest income | $ | 13,010 | $ | 7,946 | $ | (11,934 | ) | $ | — | ||||||||||||||||||||||||
Net realized gain/(loss) on investments, less commissions | 3,768,357 | (1,935,423 | ) | (31,744,045 | ) | (3,500 | ) | ||||||||||||||||||||||||||
Change in open trade equity/(deficit) | 717,922 | 1,289,421 | 441,921 | (1,490,149 | ) | ||||||||||||||||||||||||||||
Net income/(loss) | $ | 4,499,289 | $ | (638,056 | ) | $ | (31,314,058 | ) | $ | (1,493,649 | ) | ||||||||||||||||||||||
Statements of Financial Condition - December 31, 2012 | Frontier Trading | Frontier Trading | Frontier Trading | ||||||||||||||||||||||||||||||
Company II LLC | Company V LLC | Company XXIII, LLC | |||||||||||||||||||||||||||||||
Receivable from commission merchants | $ | 20,525,159 | $ | 14,732,606 | $ | 3,343,890 | |||||||||||||||||||||||||||
Open trade equity/(deficit) | 1,499,438 | 1,311,171 | $ | 231,181 | |||||||||||||||||||||||||||||
Interest receivable/(payable) | 2,882 | 2,181 | (7 | ) | |||||||||||||||||||||||||||||
Total assets | $ | 22,027,479 | $ | 16,045,958 | $ | 3,575,064 | |||||||||||||||||||||||||||
Members’ equity | $ | 22,027,479 | $ | 16,045,958 | $ | 3,575,064 | |||||||||||||||||||||||||||
Condensed Statement of Income - For the Three Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Interest income | $ | 7,977 | $ | 7,318 | $ | — | |||||||||||||||||||||||||||
Net realized gain/(loss) on investments, less commissions | 71,295 | 3,293,463 | — | ||||||||||||||||||||||||||||||
Change in open trade equity/(deficit) | 1,983,787 | (2,042,336 | ) | — | |||||||||||||||||||||||||||||
Net income/(loss) | $ | 2,063,059 | $ | 1,258,445 | $ | — | |||||||||||||||||||||||||||
Condensed Statement of Income - For the Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Interest income | $ | 24,381 | $ | 9,471 | $ | — | |||||||||||||||||||||||||||
Net realized gain/(loss) on investments, less commissions | (2,034,756 | ) | 4,084,001 | — | |||||||||||||||||||||||||||||
Change in open trade equity/(deficit) | (2,825,996 | ) | (3,779,410 | ) | — | ||||||||||||||||||||||||||||
Net income/(loss) | $ | (4,836,371 | ) | $ | 314,062 | $ | — | ||||||||||||||||||||||||||
Transactions_with_Affiliates
Transactions with Affiliates | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Transactions with Affiliates | ' | ||||||||||||||||
6. Transactions with Affiliates | |||||||||||||||||
The Managing Owner contributes funds to the Trust, with respect to the Series, in order to have a 1% interest in the aggregate capital, profits and losses of all Series and in return will receive units designated as general units in the Series in which the Managing Owner invests such funds. The general units may only be purchased by the Managing Owner and may be subject to no advisory fees or advisory fees at reduced rates. Otherwise, the general units hold the same rights as the limited units. The Managing Owner is required to maintain at least a 1% interest (“Minimum Purchase Commitment”) in the aggregate capital, profits and losses of all Series so long as it is acting as the Managing Owner of the Trust. Such contribution was made by the Managing Owner before trading commenced for the Trust and will be maintained throughout the existence of the Trust, and the Managing Owner will make such purchases as are necessary to effect this requirement. Additionally, the Managing Owner agreed with certain regulatory bodies to maintain a 1% interest specifically in the Balanced Series Class 1a Units and Balanced Series Class 2a Units, aggregated, and each of the Frontier Long/Short Commodity Series, Frontier Diversified Series and Frontier Masters Series. 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—Each Series of Units pays to the Managing Owner a monthly management fee equal to a certain percentage of such Series’ assets attributable to such Series (including notional assets), calculated on a daily basis. The annual rate of the management fee is 0.5% for the Balanced Series Class 1, Class 2 and Class 3, 1.0% for the Balanced Series Class 1a and Class 2a, 2.0% for the Winton Series, Frontier Long/Short Commodity Series Class 1a and Class 2a and Frontier Masters Series, 0.75% for Frontier Diversified Series, 2.5% for the Frontier Heritage Series (formerly Winton/Graham Series) and Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), and 3.5% for the Frontier Long/Short Commodity Series Class 1 and Class 2. The Managing Owner may pay all or a portion of such management fees to the Trading Advisor(s) for such Series. | |||||||||||||||||
Trading Fees—In connection with each Series’ trading activities, the Frontier Long/Short Commodity Series (Classes 1, 2 and 3), Balanced Series, Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), Winton Series and Frontier Heritage Series (formerly Winton/Graham Series) pays to the Managing Owner a trading fee, or FCM Fee, up to 0.75% of such Series’ NAV, calculated daily. The Frontier Diversified Series, Frontier Long/Short Commodity Series (Classes 1a and 2a) and Frontier Masters Series pays to the Managing Owner a trading fee, or FCM Fee, up to 2.25% and a custodial/due diligence fee of 0.12% of such Series’ NAV, calculated daily. | |||||||||||||||||
Incentive Fees—Some Series pay to the Managing Owner an incentive fee of a certain percentage of new net trading profits generated by such Series, monthly or quarterly. Because the Balanced Series, Frontier Heritage Series (formerly Winton/Graham Series), Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), and Frontier Long/Short Commodity Series 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 Balanced Series and the Frontier Diversified Series and 20% for the Winton Series, Frontier Heritage Series (formerly Winton/Graham Series), Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), Frontier Long/Short Commodity Series and Frontier Masters Series. The Managing Owner may pay all or a portion of such incentive fees to the Trading Advisor(s) for such Series. | |||||||||||||||||
Service Fees—In addition, with respect to Class 1 and Class 1a Units of each Series, as applicable, the Series pays monthly or service fees to the Managing Owner up to 3% annually, which the Managing Owner pays to selling agents of the Trust, with respect to the Series. | |||||||||||||||||
The following table summarizes fees earned by the Managing Owner for the three and nine months ended September 30, 2013 and 2012. | |||||||||||||||||
Three Months Ended September 30, 2013 | Incentive Fee | Management Fee | Service Fee | Trading Fee | |||||||||||||
Frontier Diversified Series | $ | — | $ | 333,759 | $ | 225,937 | $ | 475,785 | |||||||||
Frontier Masters Series | — | 315,200 | 156,560 | 252,770 | |||||||||||||
Frontier Long/Short Commodity Series | — | 518,079 | 71,049 | 146,883 | |||||||||||||
Balanced Series | — | 334,849 | 741,647 | 261,429 | |||||||||||||
Frontier Select Series (1) | — | 140,444 | 141,965 | 40,356 | |||||||||||||
Winton Series | — | 264,894 | 211,612 | 72,271 | |||||||||||||
Frontier Heritage Series (2) | — | 74,121 | 101,377 | 31,828 | |||||||||||||
Three Months Ended September 30, 2012 | Incentive Fee | Management Fee | Service Fee | Trading Fee | |||||||||||||
Frontier Diversified Series | $ | 443,895 | $ | 735,492 | $ | 1,456,640 | $ | 366,831 | |||||||||
Frontier Masters Series | 364,814 | 342,724 | 403,573 | 207,528 | |||||||||||||
Frontier Long/Short Commodity Series | 868,971 | 266,738 | 585,049 | 112,879 | |||||||||||||
Balanced Series | 601,212 | 443,728 | 3,268,561 | 1,240,331 | |||||||||||||
Frontier Select Series (1) | 326,209 | 60,869 | 7,136 | 213,767 | |||||||||||||
Winton Series | 259,965 | 84,533 | — | 257,849 | |||||||||||||
Frontier Heritage Series (2) | 225,076 | 47,300 | — | 153,063 | |||||||||||||
-1 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||
-2 | Formerly the Winton/Graham Series. | ||||||||||||||||
Nine Months Ended September 30, 2013 | Incentive Fee | Management Fee | Service Fee | Trading Fee | |||||||||||||
Frontier Diversified Series | $ | 184,498 | $ | 1,131,997 | $ | 822,240 | $ | 1,726,597 | |||||||||
Frontier Masters Series | — | 970,110 | 508,375 | 834,173 | |||||||||||||
Frontier Long/Short Commodity Series | — | 1,747,261 | 255,223 | 548,982 | |||||||||||||
Balanced Series | 657,063 | 1,250,878 | 2,658,114 | 934,900 | |||||||||||||
Frontier Select Series (1) | — | 487,737 | 452,617 | 128,680 | |||||||||||||
Winton Series | — | 785,269 | 661,315 | 223,928 | |||||||||||||
Frontier Heritage Series (2) | — | 288,326 | 337,523 | 105,156 | |||||||||||||
Nine Months Ended September 30, 2012 | Incentive Fee | Management Fee | Service Fee | Trading Fee | |||||||||||||
Frontier Diversified Series | $ | 1,445,371 | $ | 2,258,377 | $ | 3,079,256 | $ | 1,131,348 | |||||||||
Frontier Masters Series | 1,069,958 | 979,635 | 488,081 | 584,434 | |||||||||||||
Frontier Long/Short Commodity Series | 2,599,254 | 778,408 | 1,059,204 | 352,904 | |||||||||||||
Balanced Series | 1,940,876 | 1,373,998 | 6,553,867 | 3,845,995 | |||||||||||||
Frontier Select Series (1) | 956,639 | 193,716 | 65,989 | 686,786 | |||||||||||||
Winton Series | 787,335 | 263,127 | — | 806,539 | |||||||||||||
Frontier Heritage Series (2) | 813,420 | 151,266 | — | 491,271 | |||||||||||||
-1 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||
-2 | Formerly the Winton/Graham Series. | ||||||||||||||||
The following table summarizes fees payable to the Managing Owner as of September 30, 2013 and December 31, 2012. | |||||||||||||||||
As of September 30, 2013 | |||||||||||||||||
Incentive Fees | Management Fees | Trading Fees | Service Fees | ||||||||||||||
Frontier Diversified Series | $ | — | $ | 101,464 | $ | 149,772 | $ | 54,639 | |||||||||
Frontier Masters Series | — | 98,876 | 80,808 | 39,713 | |||||||||||||
Frontier Long/Short Commodity Series | — | 152,047 | 42,620 | 17,705 | |||||||||||||
Balanced Series | — | 92,310 | 79,628 | 202,653 | |||||||||||||
Frontier Select Series (1) | — | 45,546 | 12,681 | 42,233 | |||||||||||||
Winton Series | — | 87,013 | 23,305 | 52,149 | |||||||||||||
Frontier Heritage Series (2) | — | 24,337 | 9,847 | 27,616 | |||||||||||||
As of December 31, 2012 | |||||||||||||||||
Incentive Fees | Management Fees | Trading Fees | Service Fees | ||||||||||||||
Frontier Diversified Series | $ | 189,903 | $ | 150,188 | $ | 228,169 | $ | 89,177 | |||||||||
Frontier Masters Series | — | 118,274 | 104,852 | 47,423 | |||||||||||||
Frontier Long/Short Commodity Series | — | 277,379 | 79,400 | 24,074 | |||||||||||||
Balanced Series | 527,306 | 193,155 | 132,875 | 332,942 | |||||||||||||
Frontier Select Series (1) | — | 103,089 | 16,057 | 54,702 | |||||||||||||
Winton Series | — | 86,138 | 26,041 | 62,556 | |||||||||||||
Frontier Heritage Series (2) | — | 63,642 | 13,148 | 38,116 | |||||||||||||
-1 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||
-2 | Formerly the Winton/Graham Series. | ||||||||||||||||
With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed therefore by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk and the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. For the nine months ended September 30, 2013, amounts paid or owed to the Managing Owner for the difference in monthly service fees from prepaid initial service fees were ($1,956) for the Balanced Series, $370 for the Frontier Long/Short Commodity Series, ($1,424) for the Frontier Diversified Series, ($137) for the Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), ($434) for the Frontier Heritage Series (formerly Winton/Graham Series), ($692) for the Winton Series and ($2,196) for the Frontier Masters Series. | |||||||||||||||||
For the year ended December 31, 2012, amounts paid or owed to the Managing Owner for the difference in monthly service fees from prepaid initial service fees were $23,454 for the Balanced Series, ($5,660) for the Frontier Long/Short Commodity Series, ($4,996) for the Frontier Diversified Series, ($7,427) for the Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), $4,064 for the Frontier Heritage Series (formerly Winton/Graham Series), $6,938 for the Winton Series and $1,336 for the Frontier Masters Series. | |||||||||||||||||
Aggregate interest income from all sources, including assets held at clearing brokers, up to 2% (annualized) is paid to the Managing Owner by the Balanced Series (Class 1 and Class 2 only), Winton Series, Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), and Frontier Heritage Series (formerly Winton/Graham Series). For the Frontier Diversified Series, Frontier Long/Short Commodity Series, Frontier Masters Series, and Balanced Series (Class 1a and Class 2a only), 20% of the total interest allocated to each Series is paid to the Managing Owner. During the three months ended September 30, 2013 and 2012, the Trust paid $1,279,912, and $1,840,120, respectively, of such interest income to the Managing Owner Such expenses are not included in the statements of operations of the Series. During the nine months ended September 30, 2013 and 2012, the Trust paid $4,369,611, and $5,748,014, respectively, of such interest income to the Managing Owner. Such expenses are not included in the statements of operations of the Series. All other interest income is recorded by the respective Series on the statements of operations. | |||||||||||||||||
The Managing Owner paid to The Bornhoft Group Corporation, an affiliate of the Trust, a monthly fee of 0.25% (annualized) of the NAV of the Trust, for services in connection with the daily valuation of each Series and Class. The amount paid under this agreement was $77,196 and $465,858 for the three and nine months ended September 30, 2012. As of April 20, 2012, the contract with The Bornhoft Group Corporation was amended to provide for an annual payment of $600,000 for investment and advisor services and 0.1% annually of the trading level with the Balanced Series in lieu of a monthly service fee. The Managing Owner paid $232,150 and $889,524, respectively under this agreement for the three and nine months ended September 30, 2013. | |||||||||||||||||
Equinox Financial Group, LLC, an affiliate of the Trust, provides management services for the Managing Owner who paid $115,000 and $795,000, for the three and nine months ended September 30, 2013. | |||||||||||||||||
Solon Capital, LLC, an affiliate of the Trust, provides product development and marketing services. For these services, the Managing Owner paid Solon Capital, LLC, $412,265, and $665,478, respectively, for the three months ended September 30, 2013 and 2012 and $1,460,009, and $2,030,547, respectively, for the nine months ended September 30, 2013 and 2012. | |||||||||||||||||
During the nine months ended September 30, 2013, the Currency Series was advanced $987,152 from the other Series of the Trust to pay investor redemptions prior to the Currency Series receiving payment from the liquidation of it’s an investment in the unconsolidated trading company. | |||||||||||||||||
Solon Capital, LLC, an affiliate of the Trust, provides product development and marketing services. For these services, the Managing Owner paid Solon Capital, LLC, $412,265, and $665,478, respectively, for the three months ended September 30, 2013 and 2012 and $1,460,009, and $2,030,547, respectively, for the nine months ended September 30, 2013 and 2012 . | |||||||||||||||||
Equinox Group Distributors LLC (formerly Bornhoft Group Securities Corporation), an affiliate under common control of the Managing Owner, serves as wholesaler of the Trust by marketing to broker/dealer organizations. | |||||||||||||||||
The Frontier Fund [Member] | ' | ||||||||||||||||
Transactions with Affiliates | ' | ||||||||||||||||
5. Transactions with Affiliates | |||||||||||||||||
The Managing Owner contributes funds to the Trust in order to have a 1% interest in the aggregate capital, profits and losses and in return will receive units designated as general units in the Series of the Trust in which the Managing Owner invests such funds. The general units may only be purchased by the Managing Owner and may be subject to no advisory fees or management advisory fees at reduced rates. Otherwise, the general units hold the same rights as the limited units. The Managing Owner is required to maintain at least a 1% interest (“Minimum Purchase Commitment”) in the aggregate capital, profits and losses of the Trust so long as it is acting as the Managing Owner of the Trust. Such contribution was made by the Managing Owner before trading commenced for the Trust and will be maintained throughout the existence of the Trust, and the Managing Owner will make such purchases as are necessary to effect this requirement. Additionally, the Managing Owner agreed with certain regulatory bodies to maintain a 1% interest specifically in the Balanced Series Class 1a Units and Balanced Series Class 2a Units, aggregated, and each of the Frontier Long/Short Commodity Series, Frontier Diversified Series, and Frontier Masters Series. 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—Each Series of the Trust pays to the Managing Owner a monthly management fee equal to a certain percentage of such Series’ assets attributable to such Series (including notional assets), calculated on a daily basis. The annual rate of the management fee is 0.5% for the Balanced Series, 2.0% for the Winton Series, Frontier Long/Short Commodity Series Class 1a and Class 2a and Frontier Masters Series, 0.75% for Frontier Diversified Series, 2.5% for the Frontier Heritage Series (formerly Winton/Graham Series) and Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), and 3.5% for the Frontier Long/Short Commodity Series Class 1 and Class 2. The Managing Owner may pay all or a portion of such management fees to the Trading Advisor(s) for such Series. | |||||||||||||||||
Trading Fees—In connection with each Series’ trading activities of the Trust, the Frontier Long/Short Commodity Series (Classes 1, 2 and 3), Balanced Series, Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), Winton Series and Frontier Heritage Series (formerly Winton/Graham Series) pays to the Managing Owner a trading fee, or FCM Fee, up to 0.75% of such Series’ NAV, calculated daily. The Frontier Diversified Series, Frontier Long/Short Commodity Series (Classes 1a and 2a) and Frontier Masters Series pays to the Managing Owner a trading fee, or FCM Fee, up to 2.25% and a custodial/due diligence fee of 0.12% of such Series’ NAV, calculated daily. | |||||||||||||||||
Incentive Fees—Some Series of the Trust pay to the Managing Owner an incentive fee of a certain percentage of new net trading profits generated by such Series, monthly or quarterly. Because the Balanced Series, Frontier Heritage Series (formerly Winton/Graham Series), Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), and Frontier Long/Short Commodity Series 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 Balanced Series and the Frontier Diversified Series and 20% for the Winton Series, Frontier Heritage Series (formerly Winton/Graham Series), Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), Frontier Long/Short Commodity Series and Frontier Masters Series. The Managing Owner may pay all or a portion of such incentive fees to the Trading Advisor(s) for such Series. | |||||||||||||||||
Service Fees—In addition, with respect to Class 1 and Class 1a Units of each Series of the Trust, as applicable, the Series pays monthly or quarterly to the Managing Owner a service fee up to 3% annually, which the Managing Owner pays to selling agents of the Trust. | |||||||||||||||||
As of September 30, 2013, the Trust has a payable to the Managing Owner in the amounts of $0, $601,625, $393,822, $398,688 and $436,778 for incentive fees, management fees, interest, trading fees, and service fees, respectively. | |||||||||||||||||
As of December 31, 2012, the Trust has a payable to the Managing Owner in the amounts of $732,119, $1,003,663, $569, 115, $602,333 and $652,500 for incentive fees, management fees, interest, trading fees, and trailing service fees, respectively. | |||||||||||||||||
For the three months ended September 30, 2013, the Trust paid the Managing Owner $0, $1,981,543, $1,650,323 and $1,281,476 for incentive fees, management fees, service fees, and trading fees, respectively. | |||||||||||||||||
For the three months ended September 30, 2012, the Trust paid the Managing Owner $5,789,666, $3,191,672, $2,540,950 and $1,987,736 for incentive fees, management fees, service fees, and trading fees, respectively. | |||||||||||||||||
For the nine months ended September 30, 2013, the Trust paid the Managing Owner $889,025, $6,708,693, $5,718,063 and $4,533,240 for incentive fees, management fees, service fees, and trading fees, respectively. | |||||||||||||||||
For the nine months ended September 30, 2012, the Trust paid the Managing Owner $11,463,249, $9,758,788, $7,980,617 and $6,019,122 for incentive fees, management fees, service fees, and trading fees, respectively. | |||||||||||||||||
With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed therefore by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk and enjoys the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. For the nine months ended September 30, 2013 amounts paid or owed to the Managing Owner for the difference in monthly service fees from the prepaid initial service fees were ($6,469). For the year ended December 31, 2012 amounts received or receivable from the Managing Owner for the difference in monthly service fees from the prepaid initial service fees were $2,096. | |||||||||||||||||
Aggregate interest income from all sources, including assets held at clearing brokers, up to 2% (annualized) is paid to the Managing Owner by the Balanced Series (Class 1 and Class 2 only), Winton Series, Select Series (formerly Berkeley/Graham/Tiverton Series) and Frontier Heritage Series (formerly Winton/Graham Series). For the Frontier Diversified Series, Frontier Long/Short Commodity Series, Frontier Masters Series, and Balanced Series (Class 1a and Class 2a only), 20% of the total interest allocated to each Series is paid to the Managing Owner. During the three months ended September 30, 2013 and 2012 the Trust, with respect to the Series, paid $1,279,912 and $1,840,120, respectively, of such interest income to the Managing Owner. Such expenses are not included in the statements of operations of the Series. During the nine months ended September 30, 2013 and 2012 the Trust, with respect to the Series, paid $4,369,611 and $5,748,014, respectively, of such interest income to the Managing Owner. Such expenses are not included in the statements of operations of the Series. All other interest income is recorded on the respective Series statements of operations. | |||||||||||||||||
The Managing Owner paid to The Bornhoft Group Corporation, an affiliate of the Trust, a monthly fee of 0.25% (annualized) of the NAV of the Trust, for services in connection with the daily valuation of each Series and Class. The amount paid under this agreement was $77,196 and $465,858 for the three and nine months ended September 30, 2012. As of April 20, 2012, the contract with The Bornhoft Group Corporation was amended to provide for an annual payment of $600,000 for investment and advisor services and 0.1% annually of the trading level with the Balanced Series in lieu of a monthly service fee. The Managing Owner paid $232,150 and $889,524, respectively under this agreement for the three and nine months ended September 30, 2013. | |||||||||||||||||
Equinox Financial Group, LLC, an affiliate of the Trust, provides management services for the Managing Owner who paid $115,000 and $795,000, respectively, for the three and nine months ended September 30, 2013. | |||||||||||||||||
Solon Capital, LLC, an affiliate of the Trust, provides product development and marketing services. For these services, the Managing Owner paid Solon Capital, LLC, $412,265, and $665,478, respectively, for the three months ended September 30, 2013 and 2012 and $1,460,009, and $2,030,547, respectively, for the nine months ended September 30, 2013 and 2012. | |||||||||||||||||
Equinox Group Distributors LLC (formerly Bornhoft Group Securities Corporation), an affiliate under common control of the Managing Owner, serves as wholesaler of the Trust by marketing to broker/dealer organizations. | |||||||||||||||||
Financial_Highlights
Financial Highlights | 9 Months Ended | ||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||||||
Financial Highlights | ' | ||||||||||||||||||||||||||||||||||||
7. Financial Highlights | |||||||||||||||||||||||||||||||||||||
The following information presents the financial highlights of the Trust, with respect to the Series, for the three and nine months ended September 30, 2013 and 2012. | |||||||||||||||||||||||||||||||||||||
Frontier Diversified Series | Frontier Masters Series | Frontier Long/Short Commodity Series (7) | |||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 1 | Class 2 | Class 2 | Class 3 | Class 1a | Class 2a | Class 3a | |||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, June 30, 2013 | $ | 85.55 | $ | 91.85 | $ | 94.74 | $ | 101.71 | $ | 134.46 | $ | 134.49 | $ | 99.9 | $ | 107.14 | $ | 107.15 | |||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.41 | 0.45 | 0.43 | 0.46 | 0.92 | 0.92 | 0.68 | 0.74 | 0.73 | ||||||||||||||||||||||||||||
Expenses | (1.31 | ) | (0.90 | ) | (1.76 | ) | (1.36 | ) | (2.45 | ) | (2.45 | ) | (1.82 | ) | (1.96 | ) | (1.94 | ) | |||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | (6.52 | ) | (7.14 | ) | (5.54 | ) | (6.06 | ) | (6.84 | ) | (6.84 | ) | (5.16 | ) | (5.08 | ) | (5.03 | ) | |||||||||||||||||||
Net income/(loss) | (7.42 | ) | (7.59 | ) | (6.87 | ) | (6.96 | ) | (8.37 | ) | (8.37 | ) | (6.30 | ) | (6.30 | ) | (6.24 | ) | |||||||||||||||||||
Net asset value, September 30, 2013 | $ | 78.13 | $ | 84.26 | $ | 87.87 | $ | 94.75 | $ | 126.09 | $ | 126.12 | $ | 93.6 | $ | 100.84 | $ | 100.91 | |||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -4.41 | % | -2.1 | % | -5.77 | % | -3.61 | % | -4.68 | % | -4.68 | % | -4.68 | % | -4.68 | % | -4.68 | % | |||||||||||||||||||
Expenses before incentive fees (6) | 6.45 | % | 4.14 | % | 7.62 | % | 5.46 | % | 7.48 | % | 7.48 | % | 7.48 | % | 7.48 | % | 7.48 | % | |||||||||||||||||||
Expenses after incentive fees (6) | 6.45 | % | 4.14 | % | 7.62 | % | 5.46 | % | 7.48 | % | 7.48 | % | 7.48 | % | 7.48 | % | 7.48 | % | |||||||||||||||||||
Total return before incentive fees (2) | -8.67 | % | -8.26 | % | -7.25 | % | -6.84 | % | -6.22 | % | -6.22 | % | -6.31 | % | -5.88 | % | -5.82 | % | |||||||||||||||||||
Total return after incentive fees (2) | -8.67 | % | -8.26 | % | -7.25 | % | -6.84 | % | -6.22 | % | -6.22 | % | -6.31 | % | -5.88 | % | -5.82 | % | |||||||||||||||||||
Balanced Series | Frontier Select Series (4) | ||||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 2a | Class 3a | Class 1 | Class 2 | ||||||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, June 30, 2013 | $ | 104.89 | $ | 136.54 | $ | 114.69 | $ | 114.31 | $ | 81.01 | $ | 104.04 | |||||||||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.09 | 0.12 | 0.1 | 0.1 | 0.26 | 0.34 | |||||||||||||||||||||||||||||||
Expenses | (1.22 | ) | (0.58 | ) | (0.49 | ) | (0.48 | ) | (1.30 | ) | (0.89 | ) | |||||||||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | (6.04 | ) | (7.88 | ) | (6.19 | ) | (6.18 | ) | (3.95 | ) | (5.10 | ) | |||||||||||||||||||||||||
Net income/(loss) | (7.17 | ) | (8.34 | ) | (6.58 | ) | (6.56 | ) | (4.99 | ) | (5.65 | ) | |||||||||||||||||||||||||
Net asset value, September 30, 2013 | $ | 97.72 | $ | 128.2 | $ | 108.11 | $ | 107.75 | $ | 76.02 | $ | 98.39 | |||||||||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -4.47 | % | -1.39 | % | -1.39 | % | -1.39 | % | -5.2 | % | -2.13 | % | |||||||||||||||||||||||||
Expenses before incentive fees (6) | 4.83 | % | 1.76 | % | 1.76 | % | 1.76 | % | 6.51 | % | 3.44 | % | |||||||||||||||||||||||||
Expenses after incentive fees (6) | 4.83 | % | 1.76 | % | 1.76 | % | 1.76 | % | 6.51 | % | 3.44 | % | |||||||||||||||||||||||||
Total return before incentive fees (2) | -6.84 | % | -6.11 | % | -5.74 | % | -5.74 | % | -6.16 | % | -5.43 | % | |||||||||||||||||||||||||
Total return after incentive fees (2) | -6.84 | % | -6.11 | % | -5.74 | % | -5.74 | % | -6.16 | % | -5.43 | % | |||||||||||||||||||||||||
Winton Series | Frontier Heritage Series (5) | ||||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 1 | Class 2 | ||||||||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, June 30, 2013 | $ | 132.81 | $ | 163.19 | $ | 98.08 | $ | 127.04 | |||||||||||||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.23 | 0.29 | 0.17 | 0.23 | |||||||||||||||||||||||||||||||||
Expenses | (2.18 | ) | (1.44 | ) | (1.37 | ) | (0.81 | ) | |||||||||||||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | (1.24 | ) | (1.53 | ) | (1.33 | ) | (1.74 | ) | |||||||||||||||||||||||||||||
Net income/(loss) | (3.19 | ) | (2.68 | ) | (2.53 | ) | (2.32 | ) | |||||||||||||||||||||||||||||
Net asset value, September 30, 2013 | $ | 129.62 | $ | 160.51 | $ | 95.55 | $ | 124.72 | |||||||||||||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -5.94 | % | -2.87 | % | -4.92 | % | -1.84 | % | |||||||||||||||||||||||||||||
Expenses before incentive fees (6) | 6.65 | % | 3.58 | % | 5.63 | % | 2.56 | % | |||||||||||||||||||||||||||||
Expenses after incentive fees (6) | 6.65 | % | 3.58 | % | 5.63 | % | 2.56 | % | |||||||||||||||||||||||||||||
Total return before incentive fees (2) | -2.4 | % | -1.64 | % | -2.58 | % | -1.83 | % | |||||||||||||||||||||||||||||
Total return after incentive fees (2) | -2.4 | % | -1.64 | % | -2.58 | % | -1.83 | % | |||||||||||||||||||||||||||||
-1 | Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. | ||||||||||||||||||||||||||||||||||||
-2 | Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. | ||||||||||||||||||||||||||||||||||||
-3 | Annualized with the exception of incentive fees. | ||||||||||||||||||||||||||||||||||||
-4 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||||||
-5 | Formerly the Winton/Graham Series. | ||||||||||||||||||||||||||||||||||||
-6 | Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. | ||||||||||||||||||||||||||||||||||||
-7 | Class 3a operations began June 17, 2013. | ||||||||||||||||||||||||||||||||||||
Frontier Diversified Series | Frontier Masters Series | Frontier Long/Short Commodity Series (7) | |||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 1 | Class 2 | Class 2 | Class 3 | Class 1a | Class 2a | Class 3a | |||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, December 31, 2012 | $ | 94.4 | $ | 100.48 | $ | 101.11 | $ | 107.61 | $ | 145.65 | $ | 145.69 | $ | 108.58 | $ | 115.45 | $ | 109.6 | |||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 1.23 | 1.32 | 1.35 | 1.45 | 2.61 | 2.61 | 1.94 | 2.09 | 1.92 | ||||||||||||||||||||||||||||
Expenses | (4.30 | ) | (3.00 | ) | (5.32 | ) | (4.05 | ) | (7.17 | ) | (7.19 | ) | (7.00 | ) | (5.75 | ) | (5.29 | ) | |||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | (13.20 | ) | (14.54 | ) | (9.27 | ) | (10.26 | ) | (15.00 | ) | (14.99 | ) | (9.92 | ) | (10.95 | ) | (5.32 | ) | |||||||||||||||||||
Net income/(loss) | (16.27 | ) | (16.22 | ) | (13.24 | ) | (12.86 | ) | (19.56 | ) | (19.57 | ) | (14.98 | ) | (14.61 | ) | (8.69 | ) | |||||||||||||||||||
Net asset value, September 30, 2013 | $ | 78.13 | $ | 84.26 | $ | 87.87 | $ | 94.75 | $ | 126.09 | $ | 126.12 | $ | 93.6 | $ | 100.84 | $ | 100.91 | |||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -4.53 | % | -2.28 | % | -5.41 | % | -3.29 | % | -4.36 | % | -4.36 | % | -6.5 | % | -4.36 | % | -4.36 | % | |||||||||||||||||||
Expenses before incentive fees (6) | 6.17 | % | 3.93 | % | 7.25 | % | 5.13 | % | 6.86 | % | 6.86 | % | 8.99 | % | 6.86 | % | 6.86 | % | |||||||||||||||||||
Expenses after incentive fees (6) | 6.36 | % | 4.12 | % | 7.25 | % | 5.13 | % | 6.86 | % | 6.86 | % | 8.99 | % | 6.86 | % | 6.86 | % | |||||||||||||||||||
Total return before incentive fees (2) | -17.05 | % | -15.95 | % | -13.09 | % | -11.95 | % | -13.43 | % | -13.43 | % | -13.8 | % | -12.65 | % | -7.93 | % | |||||||||||||||||||
Total return after incentive fees (2) | -17.24 | % | -16.14 | % | -13.09 | % | -11.95 | % | -13.43 | % | -13.43 | % | -13.8 | % | -12.65 | % | -7.93 | % | |||||||||||||||||||
Balanced Series | Frontier Select Series (4) | ||||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 2a | Class 3a | Class 1 | Class 2 | ||||||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, December 31, 2012 | $ | 116.32 | $ | 149.2 | $ | 124.36 | $ | 123.96 | $ | 78.66 | $ | 99.55 | |||||||||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.16 | 0.21 | 0.18 | 0.18 | 0.87 | 1.11 | |||||||||||||||||||||||||||||||
Expenses | (4.36 | ) | (2.44 | ) | (2.05 | ) | (2.04 | ) | (3.97 | ) | (2.77 | ) | |||||||||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | (14.40 | ) | (18.77 | ) | (14.38 | ) | (14.35 | ) | 0.46 | 0.5 | |||||||||||||||||||||||||||
Net income/(loss) | (18.60 | ) | (21.00 | ) | (16.25 | ) | (16.21 | ) | (2.64 | ) | (1.16 | ) | |||||||||||||||||||||||||
Net asset value, September 30, 2013 | $ | 97.72 | $ | 128.2 | $ | 108.11 | $ | 107.75 | $ | 76.02 | $ | 98.39 | |||||||||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -4.96 | % | -1.95 | % | -1.95 | % | -1.95 | % | -5.16 | % | -2.16 | % | |||||||||||||||||||||||||
Expenses before incentive fees (6) | 4.76 | % | 1.76 | % | 1.76 | % | 1.76 | % | 6.6 | % | 3.6 | % | |||||||||||||||||||||||||
Expenses after incentive fees (6) | 5.15 | % | 2.15 | % | 2.15 | % | 2.15 | % | 6.6 | % | 3.6 | % | |||||||||||||||||||||||||
Total return before incentive fees (2) | -15.59 | % | -13.68 | % | -12.67 | % | -12.68 | % | -3.36 | % | -1.17 | % | |||||||||||||||||||||||||
Total return after incentive fees (2) | -15.99 | % | -14.07 | % | -13.07 | % | -13.08 | % | -3.36 | % | -1.17 | % | |||||||||||||||||||||||||
Winton Series | Frontier Heritage Series (5) | ||||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 1 | Class 2 | ||||||||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, December 31, 2012 | $ | 130.73 | $ | 158.3 | $ | 94.55 | $ | 120.67 | |||||||||||||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.91 | 1.12 | 0.54 | 0.7 | |||||||||||||||||||||||||||||||||
Expenses | (6.41 | ) | (4.15 | ) | (4.30 | ) | (2.68 | ) | |||||||||||||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | 4.39 | 5.24 | 4.76 | 6.03 | |||||||||||||||||||||||||||||||||
Net income/(loss) | (1.11 | ) | 2.21 | 1 | 4.05 | ||||||||||||||||||||||||||||||||
Net asset value, September 30, 2013 | $ | 129.62 | $ | 160.51 | $ | 95.55 | $ | 124.72 | |||||||||||||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -5.47 | % | -2.47 | % | -5.08 | % | -2.08 | % | |||||||||||||||||||||||||||||
Expenses before incentive fees (6) | 6.38 | % | 3.38 | % | 5.81 | % | 2.81 | % | |||||||||||||||||||||||||||||
Expenses after incentive fees (6) | 6.38 | % | 3.38 | % | 5.81 | % | 2.81 | % | |||||||||||||||||||||||||||||
Total return before incentive fees (2) | -0.85 | % | 1.4 | % | 1.06 | % | 3.36 | % | |||||||||||||||||||||||||||||
Total return after incentive fees (2) | -0.85 | % | 1.4 | % | 1.06 | % | 3.36 | % | |||||||||||||||||||||||||||||
-1 | Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. | ||||||||||||||||||||||||||||||||||||
-2 | Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. | ||||||||||||||||||||||||||||||||||||
-3 | Annualized with the exception of incentive fees. | ||||||||||||||||||||||||||||||||||||
-4 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||||||
-5 | Formerly the Winton/Graham Series. | ||||||||||||||||||||||||||||||||||||
-6 | Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. | ||||||||||||||||||||||||||||||||||||
-7 | Class 3a operations began June 17, 2013 | ||||||||||||||||||||||||||||||||||||
Frontier Diversified Series | Frontier Masters Series | Frontier Long/Short Commodity Series (8) | |||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 1 | Class 2 | Class 1 | Class 2 | Class 3 | Class 1a | Class 2a | |||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, June 30, 2012 | $ | 97.6 | $ | 102.99 | $ | 102.04 | $ | 107.65 | $ | 128.07 | $ | 154.2 | $ | 154.18 | $ | 115.26 | $ | 121.54 | |||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.42 | 0.44 | 0.46 | 0.49 | 0.63 | 0.59 | 0.79 | 0.62 | 0.79 | ||||||||||||||||||||||||||||
Expenses | (2.66 | ) | (2.23 | ) | (2.61 | ) | (2.16 | ) | (4.30 | ) | (3.03 | ) | (4.05 | ) | (4.27 | ) | (4.05 | ) | |||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | 2.46 | 2.46 | 5.03 | 5.19 | 11.01 | 13.52 | 14.41 | 11.81 | 12.36 | ||||||||||||||||||||||||||||
Net income/(loss) | 0.22 | 0.67 | 2.88 | 3.52 | 7.34 | 11.08 | 11.15 | 8.16 | 9.1 | ||||||||||||||||||||||||||||
Net asset value, September 30, 2012 | $ | 97.82 | $ | 103.66 | $ | 104.92 | $ | 111.17 | $ | 135.41 | $ | 165.28 | $ | 165.33 | $ | 123.42 | $ | 130.64 | |||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -5.53 | % | -3.3 | % | -6.15 | % | -3.96 | % | -41.61 | % | -4.46 | % | -5.68 | % | -9.63 | % | -6.98 | % | |||||||||||||||||||
Expenses before incentive fees (6) | 6.07 | % | 3.84 | % | 7.25 | % | 5.07 | % | 50.73 | % | 5.14 | % | 6.87 | % | 10.94 | % | 8.73 | % | |||||||||||||||||||
Expenses after incentive fees (6) | 7.24 | % | 5.01 | % | 7.95 | % | 5.77 | % | 51.57 | % | 5.98 | % | 7.71 | % | 11.78 | % | 9.56 | % | |||||||||||||||||||
Total return before incentive fees (2) | 1.39 | % | 1.82 | % | 3.52 | % | 15.9 | % | 6.57 | % | 8.03 | % | 8.07 | % | 7.92 | % | 8.33 | % | |||||||||||||||||||
Total return after incentive fees (2) | 0.23 | % | 0.65 | % | 2.82 | % | 3.27 | % | 5.73 | % | 7.19 | % | 7.23 | % | 7.08 | % | 7.49 | % | |||||||||||||||||||
Balanced Series (7) | Frontier Select Series (4) | ||||||||||||||||||||||||||||||||||||
Class 1 | Class 1a | Class 2 | Class 2a | Class 3a | Class 1 | Class 2 | |||||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, June 30, 2012 | $ | 122.65 | $ | 108.13 | $ | 155.01 | $ | 128.99 | $ | 128.54 | $ | 86.29 | $ | 107.04 | |||||||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.21 | 0.26 | ||||||||||||||||||||||||||||||
Expenses | (3.30 | ) | (2.90 | ) | (2.99 | ) | (2.49 | ) | (2.48 | ) | (1.74 | ) | (1.35 | ) | |||||||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | 3.43 | 7.34 | 4.26 | 3.64 | 3.65 | 0.54 | 1.17 | ||||||||||||||||||||||||||||||
Net income/(loss) | 0.14 | 4.45 | 1.29 | 1.16 | 1.18 | (0.99 | ) | 0.08 | |||||||||||||||||||||||||||||
Net asset value, September 30, 2012 | $ | 122.79 | $ | 112.58 | $ | 156.3 | $ | 130.15 | $ | 129.72 | $ | 85.3 | $ | 107.12 | |||||||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -6.26 | % | -27.55 | % | -3.24 | % | -3.24 | % | -3.24 | % | -7 | % | -3.98 | % | |||||||||||||||||||||||
Expenses before incentive fees (6) | 4.88 | % | 26.34 | % | 1.86 | % | 1.86 | % | 6.24 | % | 7.92 | % | 4.91 | % | |||||||||||||||||||||||
Expenses after incentive fees (6) | 6.3 | % | 27.76 | % | 3.28 | % | 3.28 | % | 7.67 | % | 7.95 | % | 4.93 | % | |||||||||||||||||||||||
Total return before incentive fees (2) | 1.54 | % | 5.54 | % | 2.25 | % | 2.32 | % | 2.34 | % | -1.13 | % | 0.1 | % | |||||||||||||||||||||||
Total return after incentive fees (2) | 0.11 | % | 4.12 | % | 0.83 | % | 0.9 | % | 0.92 | % | -1.15 | % | 0.07 | % | |||||||||||||||||||||||
Winton Series | Frontier Heritage Series (5) | ||||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 1 | Class 2 | ||||||||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, June 30, 2012 | $ | 131.72 | $ | 157.12 | $ | 96.05 | $ | 120.78 | |||||||||||||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.38 | 0.46 | 0.13 | 0.16 | |||||||||||||||||||||||||||||||||
Expenses | (2.03 | ) | (1.23 | ) | (1.87 | ) | (1.39 | ) | |||||||||||||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | 1.66 | 1.93 | 4.49 | 5.58 | |||||||||||||||||||||||||||||||||
Net income/(loss) | 0.01 | 1.16 | 2.75 | 4.35 | |||||||||||||||||||||||||||||||||
Net asset value, September 30, 2012 | $ | 131.73 | $ | 158.28 | $ | 98.8 | $ | 125.13 | |||||||||||||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -4.98 | % | -1.95 | % | -7.19 | % | -4.04 | % | |||||||||||||||||||||||||||||
Expenses before incentive fees (6) | 6.13 | % | 3.1 | % | 7.72 | % | 4.57 | % | |||||||||||||||||||||||||||||
Expenses after incentive fees (6) | 6.13 | % | 3.1 | % | 7.72 | % | 4.57 | % | |||||||||||||||||||||||||||||
Total return before incentive fees (2) | 0.01 | % | 0.74 | % | 2.86 | % | 3.6 | % | |||||||||||||||||||||||||||||
Total return after incentive fees (2) | 0.01 | % | 0.74 | % | 2.86 | % | 3.6 | % | |||||||||||||||||||||||||||||
-1 | Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. | ||||||||||||||||||||||||||||||||||||
-2 | Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. | ||||||||||||||||||||||||||||||||||||
-3 | Annualized with the exception of incentive fees. | ||||||||||||||||||||||||||||||||||||
-4 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||||||
-5 | Formerly the Winton/Graham Series. | ||||||||||||||||||||||||||||||||||||
-6 | Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. | ||||||||||||||||||||||||||||||||||||
-7 | All remaining Class 1a Units were exchanged for Class 3a Units. | ||||||||||||||||||||||||||||||||||||
-8 | All remaining Class 1 Units were exchanged for Class 3 Units. | ||||||||||||||||||||||||||||||||||||
Frontier Diversified Series | Frontier Masters Series | Frontier Long/Short Commodity Series (8) | |||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 1 | Class 2 | Class 1 | Class 2 | Class 3 | Class 1a | Class 2a | |||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, December 31, 2011 | $ | 99.4 | $ | 103.96 | $ | 100.25 | $ | 104.83 | $ | 136.13 | $ | 161.97 | $ | 161.96 | $ | 121.71 | $ | 127.23 | |||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 1.29 | 1.35 | 1.46 | 1.54 | 2.01 | 2.06 | 2.41 | 1.83 | 2.15 | ||||||||||||||||||||||||||||
Expenses | (6.87 | ) | (5.51 | ) | (6.40 | ) | (5.00 | ) | (10.98 | ) | (8.71 | ) | (10.19 | ) | (9.98 | ) | (9.09 | ) | |||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | 4 | 3.85 | 9.61 | 9.79 | 8.24 | 9.96 | 11.15 | 9.86 | 10.36 | ||||||||||||||||||||||||||||
Net income/(loss) | (1.58 | ) | (0.30 | ) | 4.67 | 6.34 | (0.72 | ) | 3.31 | 3.37 | 1.71 | 3.41 | |||||||||||||||||||||||||
Net asset value, September 30, 2012 | $ | 97.82 | $ | 103.66 | $ | 104.92 | $ | 111.17 | $ | 135.41 | $ | 165.28 | $ | 165.33 | $ | 123.42 | $ | 130.64 | |||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -6.71 | % | -4.53 | % | -6.23 | % | -4.06 | % | -10.8 | % | -5.27 | % | -5.91 | % | -8.41 | % | -6.51 | % | |||||||||||||||||||
Expenses before incentive fees (6) | 6.02 | % | 3.85 | % | 7.29 | % | 5.13 | % | 11.99 | % | 5.45 | % | 6.38 | % | 8.9 | % | 7.25 | % | |||||||||||||||||||
Expenses after incentive fees (6) | 8.43 | % | 6.27 | % | 8.17 | % | 6.01 | % | 13.5 | % | 6.96 | % | 7.89 | % | 10.41 | % | 8.76 | % | |||||||||||||||||||
Total return before incentive fees (2) | 0.82 | % | 2.12 | % | 5.54 | % | 6.93 | % | 0.98 | % | 3.56 | % | 3.59 | % | 2.92 | % | 4.19 | % | |||||||||||||||||||
Total return after incentive fees (2) | -1.59 | % | -0.29 | % | 4.66 | % | 6.05 | % | -0.53 | % | 2.04 | % | 2.08 | % | 1.4 | % | 2.68 | % | |||||||||||||||||||
Balanced Series (7) | Frontier Select Series (4) | Currency Series | |||||||||||||||||||||||||||||||||||
Class 1 | Class 1a | Class 2 | Class 2a | Class 3a | Class 1 | Class 2 | Class 1 | Class 2 | |||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, December 31, 2011 | $ | 124.5 | $ | 108.45 | $ | 155.02 | $ | 128.35 | $ | 128.36 | $ | 91.02 | $ | 111.84 | $ | 70.48 | $ | 87.61 | |||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.11 | 0.09 | 0.14 | 0.11 | 0.11 | 0.4 | 0.5 | 0 | 0 | ||||||||||||||||||||||||||||
Expenses | (7.93 | ) | (6.87 | ) | (6.50 | ) | (5.37 | ) | (5.40 | ) | (5.07 | ) | (3.84 | ) | (1.90 | ) | (0.48 | ) | |||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | 6.11 | 10.89 | 7.63 | 7.05 | 6.64 | (1.05 | ) | (1.37 | ) | (4.44 | ) | (5.54 | ) | ||||||||||||||||||||||||
Net income/(loss) | (1.71 | ) | 4.13 | 1.28 | 1.8 | 1.36 | (5.72 | ) | (4.72 | ) | (6.34 | ) | (6.02 | ) | |||||||||||||||||||||||
Net asset value, September 30, 2012 | $ | 122.79 | $ | 112.58 | $ | 156.3 | $ | 130.15 | $ | 129.72 | $ | 85.3 | $ | 107.12 | $ | 64.14 | $ | 81.59 | |||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -7.47 | % | -9.21 | % | -4.53 | % | -4.52 | % | -4.53 | % | -6.78 | % | -3.92 | % | -3.59 | % | -0.72 | % | |||||||||||||||||||
Expenses before incentive fees (6) | 4.82 | % | 6.59 | % | 1.88 | % | 1.87 | % | 1.88 | % | 7.18 | % | 4.33 | % | 3.59 | % | 0.72 | % | |||||||||||||||||||
Expenses after incentive fees (6) | 7.59 | % | 9.37 | % | 4.65 | % | 4.64 | % | 4.65 | % | 7.37 | % | 4.52 | % | 3.59 | % | 0.72 | % | |||||||||||||||||||
Total return before incentive fees (2) | 1.4 | % | 6.58 | % | 3.6 | % | 4.17 | % | 3.83 | % | -6.1 | % | -4.03 | % | -9 | % | -6.87 | % | |||||||||||||||||||
Total return after incentive fees (2) | -1.37 | % | 3.81 | % | 0.83 | % | 1.4 | % | 1.06 | % | -6.28 | % | -4.22 | % | -9 | % | -6.87 | % | |||||||||||||||||||
Winton Series | Frontier Heritage Series (5) | ||||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 1 | Class 2 | ||||||||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, December 31, 2011 | $ | 141.13 | $ | 165.82 | $ | 104.73 | $ | 129.7 | |||||||||||||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 1.12 | 1.33 | 0.33 | 0.41 | |||||||||||||||||||||||||||||||||
Expenses | (6.13 | ) | (3.63 | ) | (6.00 | ) | (4.61 | ) | |||||||||||||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | (4.40 | ) | (5.25 | ) | (0.26 | ) | (0.37 | ) | |||||||||||||||||||||||||||||
Net income/(loss) | (9.40 | ) | (7.54 | ) | (5.93 | ) | (4.57 | ) | |||||||||||||||||||||||||||||
Net asset value, September 30, 2012 | $ | 131.73 | $ | 158.28 | $ | 98.8 | $ | 125.13 | |||||||||||||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -4.72 | % | -1.84 | % | -7.22 | % | -4.32 | % | |||||||||||||||||||||||||||||
Expenses before incentive fees (6) | 5.78 | % | 2.91 | % | 7.63 | % | 4.74 | % | |||||||||||||||||||||||||||||
Expenses after incentive fees (6) | 5.78 | % | 2.91 | % | 7.63 | % | 4.74 | % | |||||||||||||||||||||||||||||
Total return before incentive fees (2) | -6.66 | % | -4.55 | % | -5.66 | % | -3.52 | % | |||||||||||||||||||||||||||||
Total return after incentive fees (2) | -6.66 | % | -4.55 | % | -5.66 | % | -3.52 | % | |||||||||||||||||||||||||||||
-1 | Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. | ||||||||||||||||||||||||||||||||||||
-2 | Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. | ||||||||||||||||||||||||||||||||||||
-3 | Annualized with the exception of incentive fees. | ||||||||||||||||||||||||||||||||||||
-4 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||||||
-5 | Formerly the Winton/Graham Series. | ||||||||||||||||||||||||||||||||||||
-6 | Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. | ||||||||||||||||||||||||||||||||||||
-7 | All remaining Class 1a Units were exchanged for Class 3a Units. | ||||||||||||||||||||||||||||||||||||
-8 | All remaining Class 1 Units were exchanged for Class 3 Units. | ||||||||||||||||||||||||||||||||||||
The Frontier Fund [Member] | ' | ||||||||||||||||||||||||||||||||||||
Financial Highlights | ' | ||||||||||||||||||||||||||||||||||||
6. Financial Highlights | |||||||||||||||||||||||||||||||||||||
The following information presents the financial highlights of the Trust for the three and nine months ended September 30, 2013 and 2012. This data has been derived from the information presented in the consolidated financial statements. | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||
Nine Months Ended | |||||||||||||||||||||||||||||||||||||
Ratios to average net assets (1) | |||||||||||||||||||||||||||||||||||||
Net investment gain/(loss) (1) | -4.29 | % | -6.23 | % | |||||||||||||||||||||||||||||||||
Expenses before incentive fees (3) | -5.23 | % | -5.29 | % | |||||||||||||||||||||||||||||||||
Expenses after incentive fees (3) | -5.43 | % | -7.2 | % | |||||||||||||||||||||||||||||||||
Total return before incentive fees (2) | -12.28 | % | 0.88 | % | |||||||||||||||||||||||||||||||||
Total return after incentive fees (2) | -12.48 | % | -1.03 | % | |||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||||||||||||||
Ratios to average net assets (1) | |||||||||||||||||||||||||||||||||||||
Net investment gain/(loss) (1) | -4.08 | % | -5.43 | % | |||||||||||||||||||||||||||||||||
Expenses before incentive fees (3) | -5.32 | % | -5.28 | % | |||||||||||||||||||||||||||||||||
Expenses after incentive fees (3) | -5.32 | % | -6.28 | % | |||||||||||||||||||||||||||||||||
Total return before incentive fees (2) | -6.81 | % | 2.45 | % | |||||||||||||||||||||||||||||||||
Total return after incentive fees (2) | -6.81 | % | 1.45 | % | |||||||||||||||||||||||||||||||||
-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 Statements of Operations of the Series. See footnore 5. | ||||||||||||||||||||||||||||||||||||
The Trust financial highlights are calculated based upon the Trust’s consolidated financial statements. The consolidated Trust does not issue units and therefore the financial highlights do not disclose any unitized data. |
Derivative_Instruments_and_Hed
Derivative Instruments and Hedging Activities | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
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 September 30, 2013 and December 31, 2012 is included in the 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 September 30, 2013 | |||||||||||||
Monthly average contracts: | Bought | Sold | |||||||||||
Frontier Long/Short Commodity Series | 2,500 | 2,879 | |||||||||||
Balanced Series | 3,338 | 3,090 | |||||||||||
For The Nine Months Ended September 30, 2013 | |||||||||||||
Monthly average contracts: | Bought | Sold | |||||||||||
Frontier Long/Short Commodity Series | 9,663 | 10,026 | |||||||||||
Balanced Series | 19,280 | 19,916 | |||||||||||
Diversified Series | 8 | 29 | |||||||||||
For The Three Months Ended September 30, 2012 | |||||||||||||
Monthly average contracts: | Bought | Sold | |||||||||||
Frontier Long/Short Commodity Series | 3,308 | 3,232 | |||||||||||
Balanced Series | 16,100 | 15,192 | |||||||||||
Frontier Masters Series | 728 | 692 | |||||||||||
For The Nine Months Ended September 30, 2012 | |||||||||||||
Monthly average contracts: | Bought | Sold | |||||||||||
Frontier Long/Short Commodity Series | 12,808 | 14,032 | |||||||||||
Balanced Series | 35,400 | 37,492 | |||||||||||
Diversified Series | 1,628 | 1,392 | |||||||||||
The following tables summarize the trading revenues for the nine and three months ended September 30, 2013 and 2012 by contract type: | |||||||||||||
Realized Trading Revenue from Futures, Forwards and Options | |||||||||||||
for the Three Months Ended September 30, 2013 | |||||||||||||
Frontier Long/Short | |||||||||||||
Type of contract | Commodity Series | Balanced Series | Diversified Series | ||||||||||
Metals | $ | (578,871 | ) | $ | (510,734 | ) | $ | — | |||||
Currencies | (107,754 | ) | (763,525 | ) | — | ||||||||
Energies | (4,807,731 | ) | 143,757 | — | |||||||||
Agriculturals | (235,520 | ) | (602,859 | ) | — | ||||||||
Interest rates | (933,919 | ) | 2,847,561 | — | |||||||||
Stock indices | 538,242 | 69,417 | — | ||||||||||
Realized trading income/(loss)(2) | $ | (6,125,553 | ) | $ | 1,183,617 | $ | — | ||||||
Realized Trading Revenue from Futures, Forwards and Options | |||||||||||||
for the Nine Months Ended September, 2013 | |||||||||||||
Frontier Long/Short | |||||||||||||
Type of contract | Commodity Series | Balanced Series | Diversified Series | ||||||||||
Metals | $ | (1,422,087 | ) | $ | 3,773,562 | $ | (630,122 | ) | |||||
Currencies | 611,059 | (3,026,628 | ) | 1,300,655 | |||||||||
Energies | (7,454,776 | ) | (4,634,133 | ) | (3,465 | ) | |||||||
Agriculturals | (756,506 | ) | (4,192,086 | ) | 8,936 | ||||||||
Interest rates | 745,377 | (7,701,383 | ) | (88,186 | ) | ||||||||
Stock indices | 2,020,392 | 14,089,121 | 146,263 | ||||||||||
Realized trading income/(loss)(2) | $ | (6,256,541 | ) | $ | (1,691,547 | ) | $ | 734,081 | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | |||||||||||||
for the Three Months Ended September 30, 2013 | |||||||||||||
Frontier Long/Short | |||||||||||||
Type of contract | Commodity Series | Balanced Series | Diversified Series | ||||||||||
Metals | $ | 11,852 | $ | (782,565 | ) | $ | — | ||||||
Currencies | (79,163 | ) | 47,821 | — | |||||||||
Energies | 3,968,251 | (249,184 | ) | — | |||||||||
Agriculturals | (485,107 | ) | (314,017 | ) | — | ||||||||
Interest rates | 193,720 | 660,515 | — | ||||||||||
Stock indices | (166,426 | ) | (819,898 | ) | — | ||||||||
Change in unrealized trading income/(loss)(3) | $ | 3,443,127 | $ | (1,457,328 | ) | $ | — | ||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | |||||||||||||
for the Nine Months Ended September 30, 2013 | |||||||||||||
Frontier Long/Short | |||||||||||||
Type of contract | Commodity Series | Balanced Series | Diversified Series | ||||||||||
Metals | $ | 267,939 | $ | 3,276,949 | $ | 608,392 | |||||||
Currencies | (290,944 | ) | (2,720,964 | ) | (1,191,389 | ) | |||||||
Energies | 2,247,845 | (1,905,647 | ) | 2,210 | |||||||||
Agriculturals | (77,320 | ) | 192,134 | (21,226 | ) | ||||||||
Interest rates | (1,557,340 | ) | 315,767 | 79,060 | |||||||||
Stock indices | (537,723 | ) | 584,436 | (43,824 | ) | ||||||||
Change in unrealized trading income/(loss)(3) | $ | 52,457 | $ | (257,325 | ) | $ | (566,777 | ) | |||||
-1 | The Frontier Diversified Series, Frontier Masters Series, Frontier Select Series (formerly Tiverton/Graham/Transtrend), Frontier Winton Series, and Frontier Heritage Series (formerly Winton/Graham Series) participate in trading activities through equity in earnings/(loss) from trading companies. The Diversified Series began consolidating the Frontier Trading Company V as of March 8, 2013. | ||||||||||||
-2 | Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures, forwards and options. | ||||||||||||
-3 | Amounts recorded in the Statements of Operations under Net change in open trade equity (deficit). | ||||||||||||
Realized Trading Revenue from Futures, Forwards and Options | |||||||||||||
for the Three Months Ended September 30, 2012 (1) | |||||||||||||
Frontier Long/Short | Frontier Masters | ||||||||||||
Type of contract | Commodity Series | Series | Balanced Series | ||||||||||
Metals | $ | 1,035,617 | $ | (83,958 | ) | $ | (999,514 | ) | |||||
Currencies | (223,060 | ) | 644,753 | 7,244,212 | |||||||||
Energies | (36,916,109 | ) | (1,030,886 | ) | (2,887,295 | ) | |||||||
Agriculturals | (1,784,729 | ) | (160,749 | ) | (153,297 | ) | |||||||
Interest rates | (463,226 | ) | 479,790 | 12,318,263 | |||||||||
Stock indices | 1,066,555 | 777,791 | 3,920,788 | ||||||||||
Realized trading income/(loss)(2) | $ | (37,284,952 | ) | $ | 626,741 | $ | 19,443,157 | ||||||
Realized Trading Revenue from Futures, Forwards and Options | |||||||||||||
for the Nine Months Ended September 30, 2012 (1) | |||||||||||||
Frontier Long/Short | Frontier Masters | ||||||||||||
Type of contract | Commodity Series | Series | Balanced Series | ||||||||||
Metals | $ | (19,358,229 | ) | $ | 732,055 | $ | (568,809 | ) | |||||
Currencies | (8,956,393 | ) | 497,081 | 3,992,511 | |||||||||
Energies | (6,913,808 | ) | (849,482 | ) | (7,560,401 | ) | |||||||
Agriculturals | (5,969,527 | ) | 528,378 | (1,371,522 | ) | ||||||||
Interest rates | (10,717,684 | ) | 3,815,021 | 38,223,501 | |||||||||
Stock indices | 16,493,073 | (658,159 | ) | 1,032,951 | |||||||||
Realized trading income/(loss)(2) | $ | (35,422,568 | ) | $ | 4,064,894 | $ | 33,748,231 | ||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | |||||||||||||
for the Three Months Ended September 30, 2012 (1) | |||||||||||||
Frontier Long/Short | Frontier Masters | ||||||||||||
Type of contract | Commodity Series | Series | Balanced Series | ||||||||||
Metals | $ | 977,265 | $ | 198,371 | $ | (1,564,940 | ) | ||||||
Currencies | (49,765 | ) | (57,024 | ) | (2,430,043 | ) | |||||||
Energies | 33,718,036 | (105,715 | ) | 192,441 | |||||||||
Agriculturals | 6,164,516 | (8,816 | ) | (994,834 | ) | ||||||||
Interest rates | (367,133 | ) | 210,079 | 4,121,352 | |||||||||
Stock indices | (999,355 | ) | (395,190 | ) | (2,197,371 | ) | |||||||
Change in unrealized trading income/(loss)(3) | $ | 39,443,564 | $ | (158,295 | ) | $ | (2,873,395 | ) | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | |||||||||||||
for the Nine Months Ended September 30, 2012 (1) | |||||||||||||
Frontier Long/Short | Frontier Masters | ||||||||||||
Type of contract | Commodity Series | Series | Balanced Series | ||||||||||
Metals | $ | 6,203,747 | $ | 230,263 | $ | (331,441 | ) | ||||||
Currencies | 17,798,560 | (129,384 | ) | (342,917 | ) | ||||||||
Energies | 2,952,524 | (707,102 | ) | (1,032,360 | ) | ||||||||
Agriculturals | 10,232,405 | (231,283 | ) | (2,648,196 | ) | ||||||||
Interest rates | (4,147,506 | ) | 125,432 | 5,620,385 | |||||||||
Stock indices | 129,696 | (294,603 | ) | (1,602,508 | ) | ||||||||
Change in unrealized trading income/(loss)(3) | $ | 33,169,426 | $ | (1,006,677 | ) | $ | (337,037 | ) | |||||
-1 | The Frontier Diversified Series, Tiverton/Graham/Transtrend Series (formerly known as Berkeley/Graham/Tiverton Series), Winton/Graham Series and Winton Series participate in trading activities through equity in earnings/(loss) from trading companies. The Frontier Long/Short Commodity Series consolidated Frontier Trading Company XVIII as of May 15, 2012 and the Balanced Series consolidated the Frontier Trading Company XVIII prior to May 15, 2012. The Balanced Series consolidated Frontier Trading Company XIV, LLC as of June 20, 2011, Frontier Trading Company VI, LLC as of April 18, 2011 and Frontier Trading Company XXIII, LLLC as of July 7, 2012. | ||||||||||||
-2 | Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures, forwards and options. | ||||||||||||
-3 | Amounts recorded in the Statements of Operations under Net change in open trade equity. | ||||||||||||
Certain financial instruments and derivative instruments are eligible for offset in the statements of financial condition under GAAP. The Series’ open trade equity/(deficit), options written, and receivables from Futures Commissions Merchants (each, an “FCM”) are subject to master netting arrangements and collateral arrangements and meet the U.S. GAAP guidance to qualify for offset. A master netting arrangement with a counterparty creates a right of offset for amounts due to and from that same counterparty that is enforceable in the event of a default or bankruptcy. The Series’ policy is to recognize amounts subject to master netting arrangements on a net basis on the statements of financial condition. | |||||||||||||
The following tables present gross and net information about the Series’ assets and liabilities subject to master netting arrangements as disclosed on the statements of financial condition as of September 30, 2013 and December 31, 2012. | |||||||||||||
Offsetting of Derivative Assets and Liabilities | |||||||||||||
As of September 30, 2013 | |||||||||||||
Gross Amounts of | Gross Amounts of | Net Amounts of | |||||||||||
recognized | recognized | Derivative Assets | |||||||||||
Derivative Assets | Derivative Liabilities | and Liabilities | |||||||||||
Presented in the | |||||||||||||
Statements of | |||||||||||||
Financial Condition | |||||||||||||
Frontier Long/Short Commodity Series | |||||||||||||
Open Trade Equity/(Deficit) | $ | 324,075 | $ | (524,366 | ) | $ | (200,291 | ) | |||||
Options Written | — | (29,302 | ) | (29,302 | ) | ||||||||
Receivable from Futures Commissions Merchants | 11,641,316 | (4,719,275 | ) | 6,922,041 | |||||||||
Balanced Series | |||||||||||||
Open Trade Equity/(Deficit) | $ | 954,671 | $ | (1,152,345 | ) | $ | (197,674 | ) | |||||
Options Written | — | (467,791 | ) | (467,791 | ) | ||||||||
Receivable from Futures Commissions Merchants | 26,647,861 | (5,699,593 | ) | 20,948,268 | |||||||||
As of December 31, 2012 | |||||||||||||
Gross Amounts of | Gross Amounts of | Net Amounts of | |||||||||||
recognized | recognized | Derivative Assets | |||||||||||
Derivative Assets | Derivative Liabilities | and Liabilities | |||||||||||
Presented in the | |||||||||||||
Statements of | |||||||||||||
Financial Condition | |||||||||||||
Frontier Long/Short Commodity Series | |||||||||||||
Open Trade Equity/(Deficit) | $ | 3,314,175 | $ | (4,133,710 | ) | $ | (819,535 | ) | |||||
Options Written | — | (928,690 | ) | (928,690 | ) | ||||||||
Receivable from Futures Commissions Merchants | 22,276,098 | (7,505,125 | ) | 14,770,973 | |||||||||
Balanced Series | |||||||||||||
Open Trade Equity/(Deficit) | $ | 4,215,436 | $ | (4,887,947 | ) | $ | (672,511 | ) | |||||
Options Written | — | (165,363 | ) | (165,363 | ) | ||||||||
Receivable from Futures Commissions Merchants | 98,277,094 | (6,233,501 | ) | 92,043,593 | |||||||||
The Frontier Fund [Member] | ' | ||||||||||||
Derivative Instruments and Hedging Activities | ' | ||||||||||||
7. Derivative Instruments and Hedging Activities | |||||||||||||
The Trust’s primary business is to engage in speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts). The Trust does not enter into or hold positions for hedging purposes as defined under ASC 815. The detail of the fair value of the Trust’s derivatives by instrument types as of September 30, 2013 and December 31, 2012 is included in the Consolidated Condensed Schedules of Investments. See Note 4 for further disclosure related to the Trust’s positions in swap contracts. | |||||||||||||
For the three months ended September 30, 2013, the monthly average of futures contracts bought and sold was approximately 10,766 and 10,686, respectively. For the three months ended September 30, 2012, the monthly average of futures contracts bought and sold was approximately 20,100 and 19,100, respectively. For the nine months ended September 30, 2013, the monthly average of futures contracts bought and sold was approximately 66,741 and 73,229, respectively. For the nine months ended September 30, 2012, the monthly average of futures contracts bought and sold was approximately 49,800 and 52,900, respectively. The following tables summarize the trading revenues for the three and nine months ended September 30, 2013 and 2012 by contract type: | |||||||||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | |||||||||||||
for the Three Months Ended September 30, 2013 | |||||||||||||
Type of contract | |||||||||||||
Metals | $ | (9,845,278 | ) | ||||||||||
Currencies | 5,886,547 | ||||||||||||
Energies | 4,049,891 | ||||||||||||
Agriculturals | (189,046 | ) | |||||||||||
Interest rates | 4,704,003 | ||||||||||||
Stock indices | (1,890,055 | ) | |||||||||||
Change in unrealized trading income/(loss)(1) | $ | 2,716,062 | |||||||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | |||||||||||||
for the Nine Months Ended September 30, 2013 | |||||||||||||
Type of contract | |||||||||||||
Metals | $ | 6,049,692 | |||||||||||
Currencies | 227,765 | ||||||||||||
Energies | (409,807 | ) | |||||||||||
Agriculturals | 1,089,106 | ||||||||||||
Interest rates | (1,408,414 | ) | |||||||||||
Stock indices | (3,968,543 | ) | |||||||||||
Change in unrealized trading income/(loss)(1) | $ | 1,579,799 | |||||||||||
-1 | Amounts recorded in the Consolidate Statement of Operations under net change in open trade equity (deficit), at fair value. | ||||||||||||
Realized Trading Revenue from Futures, Forwards and Options | |||||||||||||
for the Three Months Ended September 30, 2013 | |||||||||||||
Type of contract | |||||||||||||
Metals | $ | (1,256,538 | ) | ||||||||||
Currencies | (12,540,668 | ) | |||||||||||
Energies | (4,070,454 | ) | |||||||||||
Agriculturals | (525,818 | ) | |||||||||||
Interest rates | (7,030,426 | ) | |||||||||||
Stock indices | 6,886,848 | ||||||||||||
Realized trading income/(loss)(1) | $ | (18,537,056 | ) | ||||||||||
Realized Trading Revenue from Futures, Forwards and Options | |||||||||||||
for the Nine Months Ended September 30, 2013 | |||||||||||||
Type of contract | |||||||||||||
Metals | $ | 4,605,553 | |||||||||||
Currencies | (19,298,175 | ) | |||||||||||
Energies | (15,517,220 | ) | |||||||||||
Agriculturals | (3,694,199 | ) | |||||||||||
Interest rates | (33,752,578 | ) | |||||||||||
Stock indices | 36,447,322 | ||||||||||||
Realized trading income/(loss)(1) | $ | (31,209,297 | ) | ||||||||||
-1 | Amounts recorded in the 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 September 30, 2012 (2) | |||||||||||||
Type of contract | |||||||||||||
Metals | $ | (649,307 | ) | ||||||||||
Currencies | 7,835,846 | ||||||||||||
Energies | (42,758,157 | ) | |||||||||||
Agriculturals | 324,580 | ||||||||||||
Interest rates | 12,963,102 | ||||||||||||
Stock indices | 8,252,917 | ||||||||||||
Realized trading income/(loss)(1) | $ | (14,031,019 | ) | ||||||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | |||||||||||||
for the Three Months Ended September 30, 2012 (2) | |||||||||||||
Type of contract | |||||||||||||
Metals | $ | (2,999,805 | ) | ||||||||||
Currencies | (2,974,438 | ) | |||||||||||
Energies | 35,116,173 | ||||||||||||
Agriculturals | 3,858,004 | ||||||||||||
Interest rates | 8,135,147 | ||||||||||||
Stock indices | (4,739,678 | ) | |||||||||||
Change in unrealized trading income/(loss)(2) | $ | 36,395,403 | |||||||||||
-1 | In the Consolidated Statement of Operations under net realized gain/(loss) on futures, forwards and options | ||||||||||||
-2 | In the Consolidated Statement of Operations under net change in open trade equity (deficit), at fair value. | ||||||||||||
Realized Trading Revenue from Futures, Forwards and Options | |||||||||||||
for the Nine Months Ended September 30, 2012 (1) | |||||||||||||
Type of contract | |||||||||||||
Metals | $ | (15,791,452 | ) | ||||||||||
Currencies | (6,365,741 | ) | |||||||||||
Energies | (23,685,527 | ) | |||||||||||
Agriculturals | (2,695,834 | ) | |||||||||||
Interest rates | 47,939,795 | ||||||||||||
Stock indices | 6,092,258 | ||||||||||||
Realized trading income/(loss)(1) | $ | 5,493,499 | |||||||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | |||||||||||||
for the Nine Months Ended September 30, 2012 (2) | |||||||||||||
Type of contract | |||||||||||||
Metals | $ | 3,720,493 | |||||||||||
Currencies | 14,487,416 | ||||||||||||
Energies | 529,216 | ||||||||||||
Agriculturals | 5,288,536 | ||||||||||||
Interest rates | 5,776,926 | ||||||||||||
Stock indices | (4,485,740 | ) | |||||||||||
Change in unrealized trading income/(loss)(2) | $ | 25,316,847 | |||||||||||
-1 | In the Consolidated Statement of Operations under net realized gain/(loss) on futures, forwards and options | ||||||||||||
-2 | In the Consolidated Statement of Operations under net change in open trade equity (deficit), at fair value. | ||||||||||||
Certain financial instruments and derivative instruments are eligible for offset in the statements of financial condition under GAAP. The Trust’s open trade equity/(deficit), options written, and receivables from 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 Trust’s policy is to recognize amounts subject to master netting arrangements on a net basis on the statements of financial condition. | |||||||||||||
The following tables present gross and net information about the Trust’s assets and liabilities subject the master netting arrangements as disclosed on the statements of financial condition as of September 30, 2013 and December 31, 2012: | |||||||||||||
Offsetting of Derivative Assets and Liabilities | |||||||||||||
As of September 30, 2013 | |||||||||||||
Gross Amounts | Gross Amounts of | Net Amounts of | |||||||||||
of recognized | recognized Derivative | Derivative Assets | |||||||||||
Derivative Assets | Liabilities | and Liabilities | |||||||||||
Presented in the | |||||||||||||
Statements of | |||||||||||||
Financial Condition | |||||||||||||
Open Trade Equity/(Deficit) | $ | 7,790,953 | $ | (847,761 | ) | $ | 6,943,192 | ||||||
Options Written | — | (1,586,908 | ) | (1,586,908 | ) | ||||||||
Receivable from Futures Commissions Merchants | 150,657,924 | (83,917,517 | ) | 66,740,407 | |||||||||
As of December 31, 2012 | |||||||||||||
Gross Amounts | Gross Amounts of | Net Amounts of | |||||||||||
of recognized | recognized Derivative | Derivative Assets | |||||||||||
Derivative Assets | Liabilities | and Liabilities | |||||||||||
Presented in the | |||||||||||||
Statements of | |||||||||||||
Financial Condition | |||||||||||||
Open Trade Equity/(Deficit) | $ | 22,637,635 | $ | (10,520,986 | ) | $ | 12,116,649 | ||||||
Options Written | — | (4,199,198 | ) | (4,199,198 | ) | ||||||||
Receivable from Futures Commissions Merchants | 225,653,255 | (77,624,026 | ) | 148,029,229 |
Trading_Activities_and_Related
Trading Activities and Related Risks | 9 Months Ended |
Sep. 30, 2013 | |
Trading Activities and Related Risks | ' |
Trading Activities and Related Risks | |
The purchase and sale of futures and options on futures contracts require margin deposits with FCMs. Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. A customer’s cash and other property (for example, U.S. treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. | |
The term “off-balance sheet risk” refers to an unrecorded potential liability that, even though it does not appear on the statements of financial condition, may result in future obligation or loss in excess of the amount paid by the Series for a particular investment. Each Trading Company expects to trade in futures, options, forward and swap contracts and will therefore be a party to financial instruments with elements of off-balance sheet market and credit risk. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by market conditions, such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures positions held by a Trading Company in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company are unable to offset such futures interests positions, such Trading Company could lose all of its assets and the holders of Units of such Series would realize a 100% loss. The Managing Owner will seek to minimize market risk through real-time monitoring of open positions and the level of diversification of each Trading Advisor’s portfolio. It is anticipated that any Trading Advisor’s margin-to-equity ratio will typically not exceed approximately 35% although the actual ratio could be higher or lower from time to time. | |
In addition to market risk, trading futures, forward and swap contracts entails credit risk in that a counterparty will not be able to meet its obligations to a Trading Company. The counterparty for futures contracts traded in the United States and on most foreign exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases where the clearinghouse is not backed by the clearing members, like some foreign exchanges, it is normally backed by a consortium of banks or other financial institutions. Some non-U.S. exchanges, in contrast to U.S. exchanges, are principals’ markets in which performance is the responsibility only of the individual counterparty with whom the Trading Company has entered into the transaction, and not of the exchange or clearing corporation. In these kinds of markets, there is risk of bankruptcy or other failure or refusal to perform by the counterparty. | |
In the case of forward contracts traded on the interbank market and swaps, neither is traded on exchanges. The counterparty is generally a single bank or other financial institution, rather than a group of financial institutions; thus there may be a greater counterparty credit risk. The Managing Owner expects the Trading Advisors to trade only with those counterparties which it believes to be creditworthy. All positions of each Trading Company will be valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to any Trading Company. | |
The Managing Owner has established procedures to actively monitor and minimize market and credit risks. The Limited Owners bear the risk of loss only to the extent of the market value of their respective investments and, in certain specific circumstances, distributions and redemptions received. | |
The Frontier Fund [Member] | ' |
Trading Activities and Related Risks | ' |
8. Trading Activities and Related Risks | |
The purchase and sale of futures and options on futures contracts require margin deposits with FCMs. Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. A customer’s cash and other property (for example, U.S. treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. | |
The term “off-balance sheet risk” refers to an unrecorded potential liability that, even though it does not appear on the statements of financial condition, may result in future obligation or loss in excess of the amount paid by the Series for a particular investment. Each Trading Company expects to trade in futures, options, forward and swap contracts and will therefore be a party to financial instruments with elements of off-balance sheet market and credit risk. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by market conditions, such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures positions held by a Trading Company in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company are unable to offset such futures interests positions, such Trading Company could lose all of its assets and the holders of Units of such Series would realize a 100% loss. The Managing Owner will seek to minimize market risk through real-time monitoring of open positions and the level of diversification of each Trading Advisor’s portfolio. It is anticipated that any Trading Advisor’s margin-to-equity ratio will typically not exceed approximately 35% although the actual ratio could be higher or lower from time to time. | |
In addition to market risk, trading futures, forward and swap contracts entails credit risk in that a counterparty will not be able to meet its obligations to a Trading Company. The counterparty for futures contracts traded in the United States and on most foreign exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases where the clearinghouse is not backed by the clearing members, like some foreign exchanges, it is normally backed by a consortium of banks or other financial institutions. Some non-U.S. exchanges, in contrast to U.S. exchanges, are principals’ markets in which performance is the responsibility only of the individual counterparty with whom the Trading Company has entered into the transaction, and not of the exchange or clearing corporation. In these kinds of markets, there is risk of bankruptcy or other failure or refusal to perform by the counterparty. | |
In the case of forward contracts traded on the interbank market and swaps, neither is traded on exchanges. The counterparty is generally a single bank or other financial institution, rather than a group of financial institutions; thus there may be a greater counterparty credit risk. The Managing Owner expects the Trading Advisors to trade only with those counterparties which it believes to be creditworthy. All positions of each Trading Company will be valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to any Trading Company. | |
The Managing Owner has established procedures to actively monitor and minimize market and credit risks. The Limited Owners bear the risk of loss only to the extent of the market value of their respective investments and, in certain specific circumstances, distributions and redemptions received. |
Indemnifications_and_Guarantee
Indemnifications and Guarantees | 9 Months Ended |
Sep. 30, 2013 | |
Indemnifications and Guarantees | ' |
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 or bad faith. The Trust has had no prior claims or payments pursuant to these agreements. The Trust’s individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. However, based on experience the Trust expects the risk of loss to be remote. Maximum exposure is unfulfilled obligations of the Series up to the amount of equity at risk with UBS of the referenced Series as allocated from the Trading Company. The Series have not recorded any liability for the guarantees in the accompanying financial statements as it expects any possibility of losses to be remote. | |
The Trust has guaranteed the obligations of the Trading Companies under the customer agreements with UBS Securities as Clearing Broker. In the event that one Series of the Trust is unable to meet its obligations to UBS Securities, the assets of the other Series will be available to UBS Securities as part of the guarantee, but only to the extent of such Series’ pro rata allocation to the Trading Company. The Series have not recorded any liability for the indemnifications in the accompanying financial statement, as it expects any possibility of losses to be remote. | |
The Frontier Fund [Member] | ' |
Indemnifications and Guarantees | ' |
9. Indemnifications and Guarantees | |
The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence or bad faith. The Trust has had no prior claims or payments pursuant to these agreements. The Trust’s individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. However, based on experience the Trust expects the risk of loss to be remote. Maximum exposure is unfulfilled obligations of the Trust up to the amount of equity at risk with UBS. The Trust has not recorded any liability for the guarantees in the accompanying financial statements as it expects any possibility of losses to be remote. | |
The Trust has guaranteed the obligations of the trading companies under the customer agreements with UBS Securities as Clearing Broker. In the event that one Series of the Trust is unable to meet its obligations to UBS Securities, the assets of the other Series will be available to UBS Securities as part of the guarantee, but only to the extent of such Series’ pro rata allocation to the trading company. The Trust has not recorded any liability for the indemnifications in the accompanying financial statements as it expects any possibility of losses to be remote. |
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2013 | |
Subsequent Events | ' |
11. Subsequent Events | |
The Frontier Fund [Member] | ' |
Subsequent Events | ' |
10. Subsequent Events |
Significant_Accounting_Policie1
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Basis of Presentation | ' |
Basis of Presentation—The Series of the Trust follow U.S. Generally Accepted Accounting Principles (“GAAP”), as established by the Financial Accounting Standards Board (the “FASB”), to ensure consistent reporting of financial condition, condensed schedules of investments, results of operations, changes in capital and cash flows. | |
These financial statements should be read in conjunction with the audited financial statements and notes thereto included in our 2012 Annual Report on Form 10-K as filed with the SEC. | |
Consolidation | ' |
Consolidation—The Series, through investing in the Trading Companies, authorize certain Trading Advisors to place trades and manage assets at pre-determined investment levels. The Trading Companies were organized by the Managing Owner for the purpose of investing in commodities interests and derivative instruments, and have no operating income or expenses, except for trading income and expenses, all of which is allocated to the Series. Trading Companies in which a Series has a controlling and majority equity interest are consolidated by such Series. Investments in Trading Companies in which a Series does not have a controlling and majority interest are accounted for under the equity method, which approximates fair value. Fair value represents the proportionate share of the Series interest in the NAV in a Trading Company. The equity interest held by Series of the Trust is shown as investments in unconsolidated trading companies in the statements of financial condition. The income or loss attributable thereto in proportion of investment level is shown in the statements of operations as change in fair value of investments in unconsolidated trading companies. | |
The consolidated financial statements of the Balanced Series include the assets, liabilities and earnings of its majority-controlled trading companies; Frontier Trading Company I LLC and Frontier Trading Company IX, LLC and the assets and liabilities of its majority owned Trading Companies, and the earnings of Frontier Trading Company XXIII, LLC from July 11, 2012 to March 12, 2013 and from April 29, 2013 to September 30, 2013 and the earnings of Frontier Trading Company XXXIV, LLC from July 31, 2013 to September 30, 2013. Also included in the consolidated financial statements were the earnings of its majority controlled trading company, Frontier Trading Company XVIII, LLC from January 1, 2011 through May 14, 2012, the earnings from Frontier Trading Company XIV, LLC from January 1, 2013 through May 16, 2013, the earnings from Frontier Trading Company XV, LLC from January 1, 2012 through September 30, 2012, and the earnings from Frontier Trading Company XVII, LLC from January 1, 2013 through April 18, 2013. Multiple Series have investment interests in Frontier Trading Company I LLC. The Managing Owner assigns the full ownership and earnings of that swap identified in footnote four as Option/Swap with Societe Generale, owned by Frontier Trading Company I LLC, to the Balanced Series. | |
The consolidated financial statements of the Frontier Long/Short Commodity Series include the assets, liabilities and earnings of its majority controlled trading companies; Frontier Trading Company VII, LLC, from September 28, 2011 to September 30, 2013, Frontier Trading Company XVIII, LLC from May 15, 2012 through September 30, 2013, and Frontier Trading Company XXXVII, LLC from July 31, 2013 through September 30, 2013. | |
The consolidated financial statements of the Frontier Masters Series include the assets, liabilities and earnings of its majority owned trading company, Frontier Trading Company XXI, LLC (earnings from March 1, 2011 through December 28, 2012). | |
The consolidated financial statements of the Frontier Diversified Series include the assets, liabilities and earnings of its majority owned trading company, Frontier Trading Company V, LLC (earnings from March 9, 2013 through August 26, 2013 (Closed)) and Frontier Trading Company XXXV, LLC from July 31, 2013 through September 30, 2013. | |
Investment in Berkeley Quantitative Colorado Fund LLC | ' |
Investment in Berkeley Quantitative Colorado Fund LLC—The Frontier Select Series (formerly Tiverton/Graham/Transtrend Series) had an investment in the Berkeley Quantitative Colorado Fund LLC. The Berkeley Quantitative Colorado Fund LLC began operations on November 1, 2010 and was liquidated on March 20, 2012. The Berkeley Quantitative Colorado Fund LLC was not consolidated into the financial statements of the Frontier Select Series (formerly Tiverton/Graham/Transtrend Series) because the Trust had no control or transparency over the operations of the trading company. This investment was shown on the statements of financial condition with the change in fair value shown in net unrealized gain/ (loss) on the Berkeley Quantitative Colorado Fund LLC. This investment was liquidated on March 20, 2012. | |
Use of Estimates | ' |
Use of Estimates—The preparation of financial statements in conformity with GAAP may require the Managing Owner to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. The valuation of swap contracts requires significant estimates as well as the valuation of certain other investments. Please refer to Note 3 for discussion of valuation methodology. Actual results could differ from these estimates, and such differences could be material. | |
Cash and Cash Equivalents | ' |
Cash and Cash Equivalents—Cash and cash equivalents include cash and overnight investments in interest-bearing demand deposits held at banks with original maturities of three months or less. | |
Interest Income | ' |
Interest Income—Aggregate interest income from all sources, including U.S. Treasuries, custom time deposits and assets held at Futures Commission Merchants (“FCM”), up to two percentage points of the aggregate percentage yield (annualized) is paid to the Managing Owner by the Balanced Series (Class 1 and Class 2 only), Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), Winton Series and Frontier Heritage Series (formerly Winton/Graham Series). For the Frontier Diversified Series, Frontier Long/Short Commodity Series, Frontier Masters Series and Balanced Series (Class 1a, Class 2a and Class 3a only), 20% of the total interest allocated to each Series is paid to the Managing Owner. All interest not paid to the Managing Owner is interest income to the Series. | |
U.S. Treasury Securities | ' |
U.S. Treasury Securities, custom time deposits and certain demand deposits are pooled for purposes of maximizing returns on these assets to investors of all Series. Interest income from pooled cash management assets is recognized on the accrual basis and allocated daily to each Series based upon its daily proportion of ownership of the pool. All U.S. Treasury Securities have been liquidated as of September 30, 2013. | |
U.S. Treasury Securities—U.S. Treasury Securities were allocated to all Series of the Trust based on each Series’ percentage ownership in the pooled cash management assets as of the reporting date. They were reported at fair value as Level 1 inputs under ASC 820, Fair Value Measurements and Disclosures (“ASC 820”). The Series of the Trust valued U.S. Treasury Securities at fair value and recorded the daily change in value in the statements of operations as net unrealized gain/(loss) on U.S. Treasury securities. Accrued interest was reported on the statements of financial condition as interest receivable. | |
Custom Time Deposits | ' |
Custom Time Deposits—Custom time deposits are structured deposit agreements with U.S. Bank National Association that earn a guaranteed fixed interest rate 3.75%, mature nine months from the deposit date and are subject to automatic six-month rollovers through October 2013. Custom time deposits were purchased on April 1, 2010, September 15, 2009, October 21, 2008 and October 30, 2008. Interest is paid monthly or at least every nine months. Unscheduled withdrawals will be subject to certain penalties and other costs of up to 1.0% of the amount deposited if withdrawn within the first nine months from the deposit date. The withdrawal fee is set at 0.225% for the period from nine months to one year subsequent to the deposit date and decreases by .05% increments for each year thereafter through the maturity date. In May 2011, July 2011, August 2011, January 2012, October 2012, November 2012, April 2013, June 2013, July 2013 and August 2013, the Trust, with respect to the Series, redeemed approximately $25 million, $25 million, $50 million, $25 million, $16 million, $5 million, $35 million, $20 million and $15 million, respectively, in custom time deposits held with U.S. Bank N.A which represented a full liquidation of the 2.17% investment tranche and an additional $100 million of the 3.75% tranche. Custom time deposits are allocated to each Series based on their percentage ownership in the pooled cash management assets as of the reporting date. The Series of the Trust values the custom time deposits at face value plus accrued interest as it is considered a deposit account under paragraph 7.50 of the Investment Company Audit Guide, and accordingly, this deposit is not subject to ASC 820. | |
Credit Default Swaps | ' |
Credit Default Swaps—The Series of the Trust invested in credit default swaps for the purpose of mitigating part of the risk of concentration of deposits with U.S. Bank National Association to other major financial institutions. See Note 4. Credit Default Swaps were allocated to each Series based on their percentage ownership in the pooled cash management assets as of the reporting date. Credit Default Swaps were reported at fair value based upon counterparty value per the valuation policy. The Series of the Trust recorded the daily change in fair value in the statements of operations as net unrealized gain/(loss) on swap contracts. All Credit Default Swaps expired during March 2012. | |
Receivable From Futures Commission Merchants | ' |
Receivable From Futures Commission Merchants—The Series of the Trust deposits assets with a FCM subject to CFTC regulations and various exchange and broker requirements. Margin requirements are satisfied by the deposit of cash with such FCM. The Trust, with respect to the Series, earns interest income on its assets deposited with the FCM. | |
Investment Transactions | ' |
Investment Transactions—Futures, options on futures, forward and swap contracts are recorded on a trade date basis and realized gains or losses are recognized when contracts are settled. Unrealized gains or losses on open contracts (the difference between contract trade price and market price) are reported in the statements of financial condition as a net change in open trade equity (deficit) as there exists a right of offset of unrealized gains or losses in accordance with ASC 210, Balance Sheet (“ASC 210”). | |
Any change in net unrealized gain or loss from the preceding period is reported in the statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest is recognized in the period earned and the instruments are marked-to-market daily based on third party information. Custom time deposits are valued at face value plus accrued interest and the interest income is recognized in the period earned. Transaction costs are recognized as incurred and reflected separately in the statements of operations. | |
Foreign currency transactions | ' |
Foreign currency transactions—The Series’ functional currency is the U.S. dollar, however, they transact business in currencies other than the U.S. dollar. The Series do not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized or unrealized gain or loss from investments. | |
Allocation of Earnings | ' |
Allocation of Earnings—Each Series of the Trust may maintain three or six classes of Units—Class 1, Class 2, Class 3, Class 1a, Class 2a and Class 3a). All classes have identical voting, dividend, liquidation and other rights and the same terms and conditions, except that fees charged to a Class or Series differ as described below. Revenues, expenses (other than expenses attributable to a specific class), and realized and unrealized trading gains and losses of each Series are allocated daily to Class 1, Class 1a, Class 2, Class 2a, Class 3 and Class 3a Units based on each Class’ respective owners’ capital balances as applicable to the classes maintained by the Series. | |
Each Series allocates funds to an affiliated Trading Company, or Companies, of the Trust. Each Trading Company allocates all of its daily trading gains or losses to the Series in proportion to each Series’ ownership trading level interest in the Trading Company, adjusted on a daily basis (except for Trading Advisors and other investments such as Swaps that are directly allocated to a specific series). The value of all open contracts and cash held at clearing brokers is similarly allocated to the Series in proportion to each Series’ funds allocated to the Trading Company, or Companies. | |
Payments by the Managing Owner | ' |
Payments by the Managing Owner—The Managing Owner may make discretionary payments to a Series related to a variety of factors, including investment losses to reimburse the effect of a loss on a portfolio investment which has been caused by a situation outside the Trust’s, or it’s affiliates’, direct control. Such payments will be made on a discretionary basis and will be disclosed in the statement of operations as a net increase from payments by managing owner. These payments are in accordance with the Trust agreement on a discretionary basis as determined by the Managing Owner. | |
Investments and Swaps | ' |
Investments and Swaps—The Trust, with respect to the Series, records investment transactions on a trade date basis and all investments are recorded at fair value, with changes in fair value reported as a component of realized and unrealized gains/(losses) on investments in the statements of operations. Certain Series of the Trust strategically invest a portion or all of their assets in total return Swaps, selected at the discretion of the Managing Owner. Swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more underlying investment products or indices. In a typical 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 of 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 valuation of swap contracts requires significant estimates. Swap contracts are reported utilizing Level 3 Inputs. The significant unobservable inputs used in the fair value measurement of the Trust, with respect to the Series’ Swap contracts are asset liquidity, debt valuation, credit risk, volatility, market risk, distributions, dividends, risk premiums, and other risk management tools. Significant increases (decreases) in any of those inputs in isolation would result in a significantly lower (higher) fair value measurement. Swap Contracts are reported at fair value based upon a weekly indicative value that is calculated by management using bid/ask prices from the counterparty. This fair value is corroborated by valuations provided by a third party pricing service on a daily basis. The third party pricing service utilizes a Black Scholes pricing model with input adjustments factoring in volatility and liquidity of the instruments. All valuation processes are monitored by the valuation committee of the Managing Owner. | |
Income Taxes | ' |
Income Taxes—The Trust, with respect to the Series, applies the provisions of ASC 740 Income Taxes (“ASC 740”), which provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. This interpretation also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods and disclosure. ASC 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Trust, with respect to the Series’, financial statements to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions with respect to tax at the Trust’s level not deemed to meet the “more-likely-than-not” threshold would be recorded as a tax benefit or expense in the current year. The Managing Owner has concluded there is no tax expense, interest or penalties to be recorded by the Trust, with respect to the Series. The 2009 through 2012 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, the Trust is not a publicly traded partnership treated as a corporation, and (ii) the discussion set forth in the Prospectus under the heading “Federal Income Tax Consequences” correctly summarizes the material Federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Units of the Trust. | |
Fees and Expenses | ' |
Fees and Expenses—All management fees, incentive fees, service fees and trading fees of the Trust, with respect to the Series, are paid to the Managing Owner. It is the responsibility of the Managing Owner to pay all Trading Advisor management and incentive fees, Selling Agent Service fees and all other operating expenses and continuing offering costs of the Trust, with respect to the Series. | |
Service Fees | ' |
Service Fees—The Trust may maintain each Series of Units in three or six sub-classes—Class 1, Class 1a, Class 2, Class 2a, Class 3, and Class 3a. Investors who have purchased Class 1 or Class 1a Units of any Series are charged a service fee of up to three percent (3.0%) annually of the NAV of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 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 three percent (3.0%) of the NAV at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to Selling Agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Frontier Diversified Series and Frontier Masters Series or Class 2a Units of the Frontier Long/Short Commodity Series) 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. 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. | |
These service fees are part of the offering costs of the Trust, with respect to the Series, which include registration and filing fees, legal and blue sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. | |
Pending Owner Additions | ' |
Pending Owner Additions—Funds received for new subscriptions and for additions to existing owner interests are recorded as capital additions at the NAV per unit of the second business day following receipt. | |
Recently Issued Accounting Pronouncements | ' |
Recently Issued Accounting Pronouncements—In June of 2013, FASB issued ASU 2013-08 to (i) modify Topic 946 for determining whether an entity is an investment company; (ii) update the measurement requirements for noncontrolling interests in other investment companies; and (iii) require additional disclosures for investment companies under U.S. GAAP. This guidance is effective for annual and interim periods beginning on or after December 15, 2013. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. The adoption of this guidance is not expected to have a material impact on the financial positions or results of operations. | |
Recently Adopted Accounting Pronouncements | ' |
Recently Adopted Accounting Pronouncements —In December of 2011, FASB issued new guidance that requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. FASB issued additional clarification to specify that the guidance applies only to derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with specific criteria of the Codification or subject to a master netting arrangement or similar agreement. This guidance is effective for annual and interim periods beginning on or after January 1, 2013. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. The adoption of this guidance is not expected to have a material impact on the Series financial position or results of operations and is disclosed in Note 8. | |
Subsequent Events | ' |
Subsequent Events—The Trust, with respect to the Series, follows the provisions of ASC 855, Subsequent Events, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date and up through the date the financial statements are issued. Refer to Note 11. | |
The Frontier Fund [Member] | ' |
Basis of Presentation | ' |
Basis of Presentation—The Trust follows Generally Accepted Accounting Principles (“GAAP”), as established by the Financial Accounting Standards Board (the “FASB”), to ensure consistent reporting of financial condition, schedules of investments, results of operations, changes in capital and cash flows. | |
These financial statements should be read in conjunction with the audited financial statements and notes thereto included in our 2012 Annual Report on Form 10-K as filed with the SEC. | |
Consolidation | ' |
Consolidation—Each Series of the Trust invests in Trading Companies who authorize certain Trading Advisors to place trades and manage assets at pre-determined investment levels. The Trading Companies were organized by the Managing Owner for the purpose of investing in commodities interests and derivative instruments, and have no operating income or expenses, except for trading income and expenses, all of which is allocated to the Series. The Trading Companies and Series of the Trust are consolidated by the Trust. | |
Investment in Berkeley Quantitative Colorado Fund LLC | ' |
Investment in Berkeley Quantitative Colorado Fund LLC—The Frontier Select Series (formerly Tiverton/Graham/Transtrend Series) of the Trust had an investment in the Berkeley Quantitative Colorado Fund LLC. The Berkeley Quantitative Colorado Fund LLC began operations on November 1, 2010. The Berkeley Quantitative Colorado Fund LLC was not consolidated into the financial statements of the Trust because the Trust has no control or transparency over the operations of the fund. This investment was shown on the consolidated statements of financial condition with the change in fair value shown in net unrealized gain/(loss) on the Berkeley Quantitative Colorado Fund LLC. This investment was liquidated on March 20, 2012. | |
Use of Estimates | ' |
Use of Estimates—The preparation of financial statements in conformity with GAAP may require the Managing Owner to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. The valuation of swap contracts requires significant estimates as well as the valuation of certain other investments. Please refer to Note 3 for discussion of valuation methodology. Actual results could differ from these estimates and such differences could be material. | |
Cash and Cash Equivalents | ' |
Cash and Cash Equivalents—Cash and cash equivalents include cash and overnight investments in interest-bearing demand deposits held at banks with original maturities of three months or less. | |
Interest Income | ' |
Interest Income—Aggregate interest income from all sources, including U.S. Treasury securities, custom time deposits and assets held at Futures Commission Merchants (“FCM”), up to the first two percentage points or 20% of the aggregate percentage yield (annualized) is paid to the Managing Owner. All interest not paid to the Managing Owner is interest income to the Trust. | |
U.S. Treasury Securities | ' |
U.S. Treasury Securities—U.S. Treasury Securities are reported at fair value as Level 1 inputs under ASC 820, Fair Value Measurements and Disclosures (“ASC 820”). The Trust values U.S. Treasury Securities at fair value and records the daily change in value in the consolidated statements of operations as net unrealized gain/(loss) on U.S. Treasury securities. Accrued interest is reported on the consolidated statements of financial condition as interest receivable. All U.S. Treasury Securities have been liquidated as of September 30, 2013. | |
Custom Time Deposits | ' |
Custom Time Deposits—Custom time deposits are structured deposit agreements with U.S. Bank National Association that earn a guaranteed fixed interest rate between 3.75%, mature nine months from the deposit date and are subject to automatic six-month rollovers through October 2013. Custom time deposits were purchased on April 1, 2010, September 15, 2009, October 21, 2008 and October 30, 2008. Interest is paid monthly or at least every nine months. Unscheduled withdrawals will be subject to certain penalties and other costs of up to 1.0% of the amount deposited if withdrawn within the first nine months from the deposit date. The withdrawal fee is set at 0.225% for the period from nine months to one year subsequent to the deposit date and decreases by .05% increments for each year thereafter through the maturity date. In May 2011, July 2011, August 2011, January 2012, October 2012, November 2012, April 2013, June 2013, July 2013 and August 2013, the Trust, with respect to the Series, redeemed approximately $25 million, $25 million, $50 million, $25 million, $16 million, $5 million, $35 million, $20 million and $15 million, respectively, in custom time deposits held with U.S. Bank N.A which represented a full liquidation of the 2.17% investment tranche and an additional $100 million of the 3.75% tranche. Custom time deposits are allocated to each Series based on their percentage ownership in the pooled cash management assets as of the reporting date. The Trust values the custom time deposits at face value plus accrued interest as it is considered a deposit account under paragraph 7.50 of the Investment Company Audit Guide, and accordingly, this deposit is not subject to ASC 820. | |
Credit Default Swaps | ' |
Credit Default Swaps— The Series of the Trust invested in credit default swaps for the purpose of mitigating part of the risk of concentration of deposits with U.S. Bank National Association to other major financial institutions. See Note 4. Credit Default Swaps were allocated to each Series based on their percentage ownership in the pooled cash management assets as of the reporting date. Credit Default Swaps were reported at fair value based upon counterparty value per the valuation policy. The Series of the Trust recorded the daily change in fair value in the statements of operations as net unrealized gain/(loss) on swap contracts. All Credit Default Swaps expired during March 2012. | |
Receivable From Futures Commission Merchants | ' |
Receivable From Futures Commission Merchants—The Trust deposits assets with a FCM subject to CFTC regulations and various exchange and broker requirements. Margin requirements are satisfied by the deposit of cash with such FCM. The Trust earns interest income on its assets deposited with the FCM. | |
Investment Transactions | ' |
Investment Transactions—Futures, options on futures, forward and swap contracts are recorded on a trade date basis and realized gains or losses are recognized when contracts are settled. Unrealized gains or losses on open contracts (the difference between contract trade price and market price) are reported in the consolidated statements of financial condition as a net unrealized gain or loss, as there exists a right of offset of unrealized gains or losses in accordance with FASB ASC 210, Balance Sheet (“ASC 210”). | |
Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest was recognized in the period earned and the instruments were marked-to-market daily based on third party information. Custom time deposits are valued at face value plus accrued interest and the interest income is recognized in the period earned. Transaction costs are recognized as incurred and reflected separately in the consolidated statements of operations. | |
Foreign currency transactions | ' |
Foreign currency transactions—The Series of the Trust’s functional currency is the U.S. Dollar, however, they transact business in currencies other than the U.S. Dollar. The Series of the Trust do not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized or unrealized gain or loss from investments. | |
Allocation of Earnings | ' |
Allocation of Earnings—Each Series of the Trust may maintain three or six classes of Units—Class 1, Class 2, Class 3, Class 1a, Class 2a and Class 3a). All classes have identical voting, dividend, liquidation and other rights and the same terms and conditions, except that fees charged to a Class or Series differ as described below. Revenues, expenses (other than expenses attributable to a specific class), and realized and unrealized trading gains and losses of each Series are allocated daily to Class 1, Class 1a, Class 2, Class 2a, Class 3 and Class 3a Units based on each Class’ respective owners’ capital balances as applicable to the classes maintained by the Series. | |
Payments by the Managing Owner | ' |
Payments by the Managing Owner—The Managing Owner may make discretionary payments to the Trust related to a variety of factors, including investment losses to reimburse the effect of a loss on a portfolio investment which has been caused by a situation outside the Trust’s, or it’s affiliates’, direct control. Such payments will be made on a discretionary basis and will be disclosed in the consolidated statement of operations as a net increase from payments by the Managing Owner. These payments are in accordance with the Trust agreement on a discretionary basis as determined by the Managing Owner. | |
Investments and Swaps | ' |
Investments and Swaps—The Trust records investment transactions on a trade date basis and all investments are recorded at fair value, with changes in fair value reported as a component of realized and unrealized gains/(losses) on investments in the statements of operations. The Trust strategically invests a portion or all of its assets in total return Swaps, selected at the discretion of the Managing Owner. Swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more underlying investment products or indices. In a typical Swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investment or instrument. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount of 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 valuation of swap contracts requires significant estimates. Swap contracts are reported utilizing Level 3 Inputs. The significant unobservable inputs used in the fair value measurement of the Trust’s Swap contracts are asset liquidity, debt valuation, credit risk, volatility, market risk, distributions, dividends, risk premiums, and other risk management tools. Significant increases (decreases) in any of those inputs in isolation would result in a significantly lower (higher) fair value measurement. Swap Contracts are reported at fair value based upon a weekly indicative value that is calculated by management using bid/ask prices from the counterparty. This fair value is corroborated by valuations provided by a third party pricing service. The third party pricing service utilizes a Black Scholes pricing model with input adjustments factoring in volatility and liquidity of the instruments. All valuation processes are monitored by the valuation committee of the Managing Owner. Please refer to Note 3 Fair Value Measurements. | |
Income Taxes | ' |
Income Taxes—The Trust applies the provisions of ASC 740 Income Taxes (“ASC 740”), which provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. This interpretation also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods and disclosure. ASC 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Trust’s financial statements to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions with respect to tax at the Trust’s level not deemed to meet the “more-likely-than-not” threshold would be recorded as a tax benefit or expense in the current year. The Managing Owner has concluded there is no tax expense, interest or penalties to be recorded by the Trust for the years ended December 31, 2012, 2011 and 2010. The 2009 through 2012 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, the Trust is not a publicly traded partnership treated as a corporation, and (ii) the discussion set forth in the Prospectus under the heading “Federal Income Tax Consequences” correctly summarizes the material Federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Units of the Trust. | |
Fees and Expenses | ' |
Fees and Expenses—All management fees, incentive fees, service fees and trading fees of the Trust are paid to the Managing Owner. It is the responsibility of the Managing Owner to pay all Trading Advisor management and incentive fees, Selling Agent Service fees and all other operating expenses and continuing offering costs of the Trust. | |
Service Fees | ' |
Service Fees—The Trust may maintain each Series of Units in three or six sub-classes—Class 1, Class 1a, Class 2, Class 2a, Class 3, and Class 3a. Investors who have purchased Class 1 or Class 1a Units of any Series are charged a service fee of up to three percent (3.0%) annually of the NAV of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 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 three percent (3.0%) of the NAV at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the | |
prepaid initial service fee. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to Selling Agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Frontier Diversified Series, and Frontier Masters Series or Class 2a Units of the Frontier Long/Short Commodity Series) 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. 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. | |
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 born 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—Funds received for new subscriptions and for additions to existing owner interests are recorded as capital additions at the NAV per unit of the second business day following receipt. | |
Recently Issued Accounting Pronouncements | ' |
Recently Issued Accounting Pronouncements—In June of 2013, FASB issued ASU 2013-08 to (i) modify Topic 946 for determining whether an entity is an investment company; (ii) update the measurement requirements for noncontrolling interests in other investment companies; and (iii) require additional disclosures for investment companies under GAAP. This guidance is effective for annual and interim periods beginning on or after December 15, 2013. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. The adoption of this guidance is not expected to have a material impact on the financial positions or results of operations. | |
Recently Adopted Accounting Pronouncements | ' |
Recently Adopted Accounting Pronouncements—In December of 2011, FASB issued new guidance that requires an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. FASB issued additional clarification to specify that the guidance applies only to derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with specific criteria of the Codification or subject to a master netting arrangement or similar agreement. This guidance is effective for annual and interim periods beginning on or after January 1, 2013. An entity should provide the disclosures required by those amendments retrospectively for all comparative periods presented. The adoption of this guidance is not expected to have a material impact on the Trust’s financial position or results of operations and is discussed in Note 7. | |
Subsequent Events | ' |
Subsequent Events—The Trust follows the provisions of ASC 855, Subsequent Events, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date and up through the date the financial statements are issued. Refer to Note 10. |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Financial Asset Portfolio, by Series, Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||
The following table summarizes the instruments that comprise the Trust, with respect to the Series, financial asset portfolio, by Series, measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: | |||||||||||||||||
September 30, 2013 | Level 1 Inputs | Level 2 Inputs | Level 3 Inputs | Total Fair | |||||||||||||
Value | |||||||||||||||||
Frontier Diversified Series | |||||||||||||||||
Investment in Unconsolidated Trading Companies | $ | 19,392,371 | $ | 571,967 | $ | — | $ | 19,964,338 | |||||||||
Swap Contracts | — | — | 2,413,658 | 2,413,658 | |||||||||||||
Frontier Masters Series | |||||||||||||||||
Investment in Unconsolidated Trading Companies | 8,512,459 | 414,819 | — | 8,927,278 | |||||||||||||
Frontier Long/Short Commodity Series | |||||||||||||||||
Open Trade Equity (Deficit) | (439,574 | ) | 239,283 | — | (200,291 | ) | |||||||||||
Options Written | — | (29,302 | ) | — | (29,302 | ) | |||||||||||
Swap Contracts | — | — | 2,819,497 | 2,819,497 | |||||||||||||
Balanced Series | |||||||||||||||||
Open Trade Equity (Deficit) | (804,699 | ) | 607,025 | — | (197,674 | ) | |||||||||||
Options Written | — | (467,791 | ) | — | (467,791 | ) | |||||||||||
Swap Contracts | — | — | 7,410,271 | 7,410,271 | |||||||||||||
Investment in Unconsolidated Trading Companies | 15,009,328 | 689,796 | 1,889,036 | 17,588,160 | |||||||||||||
Frontier Select Series (1) | |||||||||||||||||
Investment in Unconsolidated Trading Companies | 3,015,214 | 165,519 | 1,162,962 | 4,343,695 | |||||||||||||
Winton Series | |||||||||||||||||
Investment in Unconsolidated Trading Companies | 6,471,321 | 241,308 | — | 6,712,629 | |||||||||||||
Frontier Heritage Series (2) | |||||||||||||||||
Investment in Unconsolidated Trading Companies | 1,450,986 | 54,106 | 1,453,704 | 2,958,796 | |||||||||||||
-1 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||
-2 | Formerly the Winton/Graham Series. | ||||||||||||||||
December 31, 2012 | Level 1 Inputs | Level 2 Inputs | Level 3 Inputs | Total Fair | |||||||||||||
Value | |||||||||||||||||
Frontier Diversified Series | |||||||||||||||||
Investment in Unconsolidated Trading Companies | $ | 41,070,543 | $ | 1,755,883 | $ | — | $ | 42,826,426 | |||||||||
U.S. Treasury Securities | 3,853,000 | — | — | 3,853,000 | |||||||||||||
Frontier Masters Series | |||||||||||||||||
Investment in Unconsolidated Trading Companies | 8,172,213 | 1,599,584 | — | 9,771,797 | |||||||||||||
U.S. Treasury Securities | 2,212,909 | — | — | 2,212,909 | |||||||||||||
Frontier Long/Short Commodity Series | |||||||||||||||||
Open Trade Equity (Deficit) | (3,720,855 | ) | 2,901,320 | — | (819,535 | ) | |||||||||||
Options Written | — | (928,690 | ) | — | (928,690 | ) | |||||||||||
Investment in Unconsolidated Trading Companies | 3,661,455 | 13,783 | — | 3,675,238 | |||||||||||||
U.S. Treasury Securities | 2,388,540 | — | — | 2,388,540 | |||||||||||||
Balanced Series | |||||||||||||||||
Open Trade Equity (Deficit) | (1,111,681 | ) | 439,170 | — | (672,511 | ) | |||||||||||
Options Written | — | (165,363 | ) | — | (165,363 | ) | |||||||||||
Swap Contracts | — | — | 22,289,478 | 22,289,478 | |||||||||||||
Investment in Unconsolidated Trading Companies | 16,719,672 | 3,473,456 | — | 20,193,128 | |||||||||||||
U.S. Treasury Securities | 5,951,633 | — | — | 5,951,633 | |||||||||||||
Frontier Select Series (1) | |||||||||||||||||
Investment in Unconsolidated Trading Companies | 5,981,225 | 1,392,284 | — | 7,373,509 | |||||||||||||
U.S. Treasury Securities | 961,568 | — | — | 961,568 | |||||||||||||
Winton Series | |||||||||||||||||
Investment in Unconsolidated Trading Companies | 6,820,010 | 45,955 | — | 6,865,965 | |||||||||||||
U.S. Treasury Securities | 1,808,547 | — | — | 1,808,547 | |||||||||||||
Frontier Heritage Series (2) | |||||||||||||||||
Investment in Unconsolidated Trading Companies | 6,070,974 | 103,881 | — | 6,174,855 | |||||||||||||
U.S. Treasury Securities | 776,073 | — | — | 776,073 | |||||||||||||
-1 | Formerly the Tiverton/Graham/Trasntrend Series. | ||||||||||||||||
-2 | Formerly the Winton/Graham Series. | ||||||||||||||||
Change in Level 3 Assets Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||
During the nine months ended September 30, 2013, all identified Level 3 assets are components of the Frontier Diversified Series, Balanced Series, Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), Winton Series and Frontier Heritage Series (formerly Winton/Graham Series). | |||||||||||||||||
For the Nine Months Ended September 30, 2013 | |||||||||||||||||
Swaps: | |||||||||||||||||
Frontier Diversified | Frontier Long/Short | Balanced Series | |||||||||||||||
Series | Commodity Series | ||||||||||||||||
Balance of recurring Level 3 assets as of January 1, 2013 | $ | — | $ | — | $ | 22,289,478 | |||||||||||
Total gains or losses (realized/unrealized): | |||||||||||||||||
Included in earnings-realized | — | — | (3,554,723 | ) | |||||||||||||
Included in earnings-unrealized | (986,342 | ) | (60,503 | ) | (225,707 | ) | |||||||||||
Purchases of investments | 3,400,000 | 2,880,000 | 9,600,000 | ||||||||||||||
Sales of investments | — | — | (20,694,866 | ) | |||||||||||||
Change in ownership allocation of total return swaps | — | — | (3,911 | ) | |||||||||||||
Transfers in and/or out of Level 3 | — | — | — | ||||||||||||||
Balance of recurring Level 3 assets as of September 30, 2013 | $ | 2,413,658 | $ | 2,819,497 | $ | 7,410,271 | |||||||||||
Investments in Unconsolidated Trading Companies: | |||||||||||||||||
Balanced Series | Frontier Select Series (1) | ||||||||||||||||
Balance of recurring Level 3 assets as of January 1, 2013 | $ | — | $ | — | |||||||||||||
Change in fair value of investments in unconsolidated trading companies | 489,036 | (437,038 | ) | ||||||||||||||
Proceeds from sales of investments of unconsolidated trading companies | — | — | |||||||||||||||
Purchases of investments of unconsolidated trading companies | 1,400,000 | 1,600,000 | |||||||||||||||
Change in ownership allocation | — | — | |||||||||||||||
Transfers in and/or out of Level 3 | — | — | |||||||||||||||
Balance of recurring Level 3 assets as of September 30, 2013 | $ | 1,889,036 | $ | 1,162,962 | |||||||||||||
Frontier Diversified Series | Frontier Heritage Series (2) | ||||||||||||||||
Balance of recurring Level 3 assets as of January 1, 2013 | $ | — | $ | — | |||||||||||||
Change in fair value of investments in unconsolidated trading companies | (369,546 | ) | (546,296 | ) | |||||||||||||
Proceeds from sales of investments of unconsolidated trading companies | — | — | |||||||||||||||
Purchases of investments of unconsolidated trading companies | 1,000,000 | 2,000,000 | |||||||||||||||
Change in ownership allocation | (630,454 | ) | — | ||||||||||||||
Transfers in and/or out of Level 3 | — | — | |||||||||||||||
Balance of recurring Level 3 assets as of September 30, 2013 | $ | — | $ | 1,453,704 | |||||||||||||
-1 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||
-2 | Formerly the Winton/Graham Series. | ||||||||||||||||
For the Year Ended December 31, 2012 | |||||||||||||||||
Swaps: | |||||||||||||||||
Frontier Diversified Series | Frontier Masters Series | Frontier Long/Short | |||||||||||||||
Commodity Series | |||||||||||||||||
Balance of recurring Level 3 assets as of January 1, 2012 | $ | 131,004 | $ | 57,225 | $ | 74,898 | |||||||||||
Total gains or losses (realized/unrealized): | |||||||||||||||||
Included in earnings-realized | (106,862 | ) | (55,669 | ) | (58,693 | ) | |||||||||||
Included in earnings-unrealized | (23,719 | ) | (2,775 | ) | (20,529 | ) | |||||||||||
Change in ownership allocation of credit default swaps | (423 | ) | 1,219 | 4,324 | |||||||||||||
Transfers in and/or out of Level 3 | — | — | — | ||||||||||||||
Balance of recurring Level 3 assets as of December 31, 2012 | $ | — | $ | — | $ | — | |||||||||||
Balanced Series | Frontier Select | ||||||||||||||||
Series (1) | |||||||||||||||||
Balance of recurring Level 3 assets as of January 1, 2012 | $ | 23,819,312 | $ | 34,397 | |||||||||||||
Total gains or losses (realized/unrealized): | |||||||||||||||||
Included in earnings-realized | (175,294 | ) | (34,232 | ) | |||||||||||||
Included in earnings-unrealized | (1,334,945 | ) | (2,448 | ) | |||||||||||||
Sales of swap contract | — | — | |||||||||||||||
Change in ownership allocation of credit default swaps | (19,595 | ) | 2,283 | ||||||||||||||
Transfers in and/or out of Level 3 | — | — | |||||||||||||||
Balance of recurring Level 3 assets as of December 31, 2012 | $ | 22,289,478 | $ | — | |||||||||||||
Winton Series | Frontier Heritage | ||||||||||||||||
Series (2) | |||||||||||||||||
Balance of recurring Level 3 assets as of January 1, 2012 | $ | 61,888 | $ | 30,381 | |||||||||||||
Total gains or losses (realized/unrealized): | |||||||||||||||||
Included in earnings-realized | (57,781 | ) | (30,602 | ) | |||||||||||||
Included in earnings-unrealized | (7,291 | ) | 943 | ||||||||||||||
Change in ownership allocation of credit default swaps | 3,184 | (722 | ) | ||||||||||||||
Transfers in and/or out of Level 3 | — | — | |||||||||||||||
Balance of recurring Level 3 assets as of December 31, 2012 | $ | — | $ | — | |||||||||||||
-1 | Formerly the Tiverton/Graham/Trasntrend Series. | ||||||||||||||||
-2 | Formerly the Winton/Graham Series. | ||||||||||||||||
The Frontier Fund [Member] | ' | ||||||||||||||||
Financial Asset Portfolio, by Series, Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||
The following table summarizes the instruments that comprise the Trust’s financial asset portfolio, by Series, measured at fair value on a recurring basis as of September 30, 2013 and December 31, 2012, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: | |||||||||||||||||
September 30, 2013 | Level 1 Inputs | Level 2 Inputs | Level 3 Inputs | Total | |||||||||||||
Fair Value | |||||||||||||||||
Open Trade Equity (Deficit) | $ | 3,018,619 | $ | 3,924,573 | $ | — | $ | 6,943,192 | |||||||||
Swap Contracts | — | — | 17,152,321 | 17,152,321 | |||||||||||||
Written Options | — | (1,586,908 | ) | — | (1,586,908 | ) | |||||||||||
December 31, 2012 | Level 1 Inputs | Level 2 Inputs | Level 3 Inputs | Total | |||||||||||||
Fair Value | |||||||||||||||||
Open Trade Equity (Deficit) | $ | (2,510,310 | ) | $ | 14,626,959 | $ | — | $ | 12,116,649 | ||||||||
Swap Contracts | — | — | 22,289,478 | 22,289,478 | |||||||||||||
U.S. Treasury Securities | 18,001,322 | — | — | 18,001,322 | |||||||||||||
Written Options | — | (4,199,198 | ) | — | (4,199,198 | ) | |||||||||||
Change in Level 3 Assets Measured at Fair Value on Recurring Basis | ' | ||||||||||||||||
For the nine Months Ended | |||||||||||||||||
September 30, 2013 | |||||||||||||||||
Balance of recurring Level 3 assets as of January 1, 2013 | $ | 22,289,479 | |||||||||||||||
Total gains or losses (realized/unrealized): | |||||||||||||||||
Included in earnings-realized | (3,555,134 | ) | |||||||||||||||
Included in earnings-unrealized | (2,763,657 | ) | |||||||||||||||
Purchases of investments | 21,880,000 | ||||||||||||||||
Sales of investments | (20,694,866 | ) | |||||||||||||||
Transfers in and/or out of Level 3 | — | ||||||||||||||||
Net change in allocation of total return swap | (3,501 | ) | |||||||||||||||
Balance of recurring Level 3 assets as of September 30, 2013 | $ | 17,152,321 | |||||||||||||||
For the Year Ended | |||||||||||||||||
December 31, 2012 | |||||||||||||||||
Balance of recurring Level 3 assets as of January 1, 2012 | $ | 24,211,688 | |||||||||||||||
Total gains or losses (realized/unrealized): | — | ||||||||||||||||
Included in earnings-realized | (525,237 | ) | |||||||||||||||
Included in earnings-unrealized | (1,387,160 | ) | |||||||||||||||
Purchases of investments | — | ||||||||||||||||
Sales of investments | (9,812 | ) | |||||||||||||||
Transfers in and/or out of Level 3 | — | ||||||||||||||||
Balance of recurring Level 3 assets as of December 31, 2012 | $ | 22,289,479 | |||||||||||||||
Swaps_Tables
Swaps (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Trust, with Respect to Series, has Invested in Following Swaps | ' | ||||||||||||||||
The Series had invested in the following Swaps as of and for the nine months ended September 30, 2013: | |||||||||||||||||
Balanced Series | |||||||||||||||||
Balanced Series | Total Return | Total Return | |||||||||||||||
Option/Swap | Swap | Swap | |||||||||||||||
Counterparty | Societe Generale | DeutscheBank | DeutscheBank AG | ||||||||||||||
Notional Amount | $ | — | $ | — | $ | 54,591,769 | |||||||||||
Termination Date | 11/21/14 | 6/30/16 | 8/2/18 | ||||||||||||||
Investee Returns | Total Returns | On Default | On Default | ||||||||||||||
Realized Gain/(Loss) | $ | (1,645,980 | ) | $ | (1,908,743 | ) | $ | — | |||||||||
Unrealized Gain/(Loss) | $ | 215,224 | $ | 1,746,254 | $ | (2,187,185 | ) | ||||||||||
Fair Value as of 9/30/2013 | $ | — | $ | — | $ | 7,410,271 | |||||||||||
Diversified Series | |||||||||||||||||
Total Return Swap | |||||||||||||||||
Counterparty | DeutscheBank AG | ||||||||||||||||
Notional Amount | $ | 25,500,000 | |||||||||||||||
Termination Date | 8/2/18 | ||||||||||||||||
Investee Returns | On Default | ||||||||||||||||
Realized Gain/(Loss) | $ | — | |||||||||||||||
Unrealized Gain/(Loss) | $ | (986,342 | ) | ||||||||||||||
Fair Value as of 9/30/2013 | $ | 2,413,658 | |||||||||||||||
Frontier Long/Short | |||||||||||||||||
Commodity Series | |||||||||||||||||
Total Return Swap | |||||||||||||||||
Counterparty | DeutscheBank AG | ||||||||||||||||
Notional Amount | $ | 34,400,000 | |||||||||||||||
Termination Date | 8/7/18 | ||||||||||||||||
Investee Returns | On Default | ||||||||||||||||
Realized Gain/(Loss) | $ | — | |||||||||||||||
Unrealized Gain/(Loss) | $ | (60,503 | ) | ||||||||||||||
Fair Value as of 9/30/2013 | $ | 2,819,497 | |||||||||||||||
The Series had invested in the following Swaps as and for the year ended December 31, 2012: | |||||||||||||||||
Frontier Diversified Series | |||||||||||||||||
Credit Default Swap | Credit Default Swap | ||||||||||||||||
Counterparty | BNP Paribas | Societe Generale | |||||||||||||||
Notional Amount | $ | — | $ | — | |||||||||||||
Termination Date | 3/20/12 | 3/20/12 | |||||||||||||||
Investee Returns | On Default | On Default | |||||||||||||||
Realized Gain/(Loss) | $ | (83,850 | ) | $ | (23,012 | ) | |||||||||||
Unrealized Gain/(Loss) | $ | (46,731 | ) | $ | 23,012 | ||||||||||||
Fair Value as of 12/31/2012 | $ | — | $ | — | |||||||||||||
Frontier Masters Series | |||||||||||||||||
Credit Default Swap | Credit Default Swap | ||||||||||||||||
Counterparty | BNP Paribas | Societe Generale | |||||||||||||||
Notional Amount | $ | — | $ | — | |||||||||||||
Termination Date | 3/20/12 | 3/20/12 | |||||||||||||||
Investee Returns | On Default | On Default | |||||||||||||||
Realized Gain/(Loss) | $ | (44,412 | ) | $ | (11,257 | ) | |||||||||||
Unrealized Gain/(Loss) | $ | (14,032 | ) | $ | 11,257 | ||||||||||||
Fair Value as of 12/31/2012 | $ | — | $ | — | |||||||||||||
Frontier Long/Short Commodity Series | |||||||||||||||||
Credit Default Swap | Credit Default Swap | ||||||||||||||||
Counterparty | BNP Paribas | Societe Generale | |||||||||||||||
Notional Amount | $ | — | $ | — | |||||||||||||
Termination Date | 3/20/12 | 3/20/12 | |||||||||||||||
Investee Returns | On Default | On Default | |||||||||||||||
Realized Gain/(Loss) | $ | (45,848 | ) | $ | (12,845 | ) | |||||||||||
Unrealized Gain/(Loss) | $ | (33,374 | ) | $ | 12,845 | ||||||||||||
Fair Value as of 12/31/2012 | $ | — | $ | — | |||||||||||||
Balanced Series | |||||||||||||||||
Credit Default Swap | Credit Default Swap | Option/Swap | Total Return Swap | ||||||||||||||
Counterparty | BNP Paribas | Societe Generale | Societe Generale | DeutscheBank | |||||||||||||
Notional Amount | $ | — | $ | — | $ | 20,486,403 | $ | 23,551,287 | |||||||||
Termination Date | 3/20/12 | 3/20/12 | 11/21/14 | 6/30/16 | |||||||||||||
Investee Returns | On Default | On Default | Total Returns | Total Returns | |||||||||||||
Realized Gain/(Loss) | $ | (133,362 | ) | $ | (41,932 | ) | $ | — | $ | — | |||||||
Unrealized Gain/(Loss) | $ | (87,639 | ) | $ | 41,932 | $ | 78,977 | $ | (1,344,945 | ) | |||||||
Fair Value as of 12/31/2012 | $ | — | $ | — | $ | 17,785,734 | $ | 4,503,744 | |||||||||
Frontier Select Series (1) | |||||||||||||||||
Credit Default Swap | Credit Default Swap | ||||||||||||||||
Counterparty | BNP Paribas | Societe Generale | |||||||||||||||
Notional Amount | $ | — | $ | — | |||||||||||||
Termination Date | 3/20/12 | 3/20/12 | |||||||||||||||
Investee Returns | On Default | On Default | |||||||||||||||
Realized Gain/(Loss) | $ | (26,333 | ) | $ | (7,899 | ) | |||||||||||
Unrealized Gain/(Loss) | $ | (10,347 | ) | $ | 7,899 | ||||||||||||
Fair Value as of 12/31/2012 | $ | — | $ | — | |||||||||||||
-1 | Formerly known as the Tiverton/Graham/Transtrend Series | ||||||||||||||||
Winton Series | |||||||||||||||||
Credit Default Swap | Credit Default Swap | ||||||||||||||||
Counterparty | BNP Paribas | Societe Generale | |||||||||||||||
Notional Amount | $ | — | $ | — | |||||||||||||
Termination Date | 3/20/12 | 3/20/12 | |||||||||||||||
Investee Returns | On Default | On Default | |||||||||||||||
Realized Gain/(Loss) | $ | (45,616 | ) | $ | (12,165 | ) | |||||||||||
Unrealized Gain/(Loss) | $ | (19,456 | ) | $ | 12,165 | ||||||||||||
Fair Value as of 12/31/2012 | $ | — | $ | — | |||||||||||||
Frontier Heritage Series (1) | |||||||||||||||||
Credit Default Swap | Credit Default Swap | ||||||||||||||||
Counterparty | BNP Paribas | Societe Generale | |||||||||||||||
Notional Amount | $ | — | $ | — | |||||||||||||
Termination Date | 3/20/12 | 3/20/12 | |||||||||||||||
Investee Returns | On Default | On Default | |||||||||||||||
Realized Gain/(Loss) | $ | (23,131 | ) | $ | (7,471 | ) | |||||||||||
Unrealized Gain/(Loss) | $ | (6,528 | ) | $ | 7,471 | ||||||||||||
Fair Value as of 12/31/2012 | $ | — | $ | — | |||||||||||||
-1 | Formerly the Winton/Graham Series. | ||||||||||||||||
The Frontier Fund [Member] | ' | ||||||||||||||||
Trust, with Respect to Series, has Invested in Following Swaps | ' | ||||||||||||||||
The Trust had invested in the following swaps as of and for the nine months ended September 30, 2013: | |||||||||||||||||
Total Return Swap | Total Return Swap | Total Return Swap | |||||||||||||||
Counterparty | DeutscheBank | DeutscheBank | DeutscheBank | ||||||||||||||
Notional Amount | $ | 31,180,925 | $ | 54,591,769 | $ | 25,500,000 | |||||||||||
Termination Date | 3/26/18 | 8/2/18 | 8/2/18 | ||||||||||||||
Investee Returns | On Default | On Default | On Default | ||||||||||||||
Realized Gain/(Loss) | $ | — | $ | — | $ | — | |||||||||||
Unrealized Gain/(Loss) | $ | (1,490,148 | ) | $ | (2,187,185 | ) | $ | (986,342 | ) | ||||||||
Fair Value as of 9/30/2013 | $ | 4,506,351 | $ | 7,412,815 | $ | 2,413,658 | |||||||||||
Total Return Swap | Balanced Series Option/Swap | Total Return Swap | |||||||||||||||
Counterparty | Deutsche Bank AG | Societe Generale | DeutscheBank | ||||||||||||||
Notional Amount | 34,400,000 | $ | — | $ | — | ||||||||||||
Termination Date | 8/7/18 | 11/21/14 | 6/30/16 | ||||||||||||||
Investee Returns | On Default | Total Returns | On Default | ||||||||||||||
Realized Gain/(Loss) | — | $ | (1,645,980 | ) | $ | (1,909,154 | ) | ||||||||||
Unrealized Gain/(Loss) | (60,503 | ) | $ | 215,224 | $ | 1,745,297 | |||||||||||
Fair Value as of 9/30/2013 | 2,819,497 | $ | — | $ | — | ||||||||||||
The Trust had invested in the following swaps as of and for the year ended December 31, 2012: | |||||||||||||||||
Credit Default Swap | Credit Default Swap | Option/Swap | Total Return Swap | ||||||||||||||
Counterparty | BNP Paribas | Societe Generale | Societe Generale | DeutscheBank | |||||||||||||
Notional Amount | $ | — | $ | — | $ | 20,486,403 | $ | 23,551,287 | |||||||||
Termination Date | 3/20/12 | 3/20/12 | 11/21/14 | 6/30/16 | |||||||||||||
Investee Returns | On Default | On Default | Total Returns | Total Returns | |||||||||||||
Realized Gain/(Loss) | $ | (407,283 | ) | $ | (117,954 | ) | $ | — | $ | — | |||||||
Unrealized Gain/(Loss) | $ | (215,874 | ) | $ | 117,954 | $ | 78,977 | $ | (1,378,028 | ) | |||||||
Fair Value as of 12/31/2012 | $ | — | $ | — | $ | 17,785,733 | $ | 4,503,745 | |||||||||
Investments_in_Unconsolidated_1
Investments in Unconsolidated Trading Companies (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||
Equity Method Investments And Joint Ventures [Abstract] | ' | ||||||||||||||||||||||||||||||||
Investments in Unconsolidated Trading Companies | ' | ||||||||||||||||||||||||||||||||
The following table summarizes the Balanced Series, Winton Series, Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), Frontier Heritage Series (formerly Winton/Graham Series), Frontier Long/Short Commodity Series, Frontier Diversified Series, and Frontier Masters Series investments in unconsolidated Trading Companies as of September 30, 2013 and December 31, 2012. | |||||||||||||||||||||||||||||||||
As of September 30, 2013 | As of December 31, 2012 | ||||||||||||||||||||||||||||||||
Percentage of | Fair Value | Percentage of | Fair Value | ||||||||||||||||||||||||||||||
Series Net | Series Net | ||||||||||||||||||||||||||||||||
Assets Invested | Assets Invested | ||||||||||||||||||||||||||||||||
in Unconsolidated | in Unconsolidated | ||||||||||||||||||||||||||||||||
Trading Companies | Trading Companies | ||||||||||||||||||||||||||||||||
Series | |||||||||||||||||||||||||||||||||
Frontier Diversified Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Companies I, II, VII, IX, XIV, XV, XXXIII and XXXIX | 29.37 | % | $ | 19,964,338 | 37.18 | % | $ | 42,826,426 | |||||||||||||||||||||||||
Frontier Masters Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Companies II, XIV and XV | 23.77 | % | $ | 8,927,278 | 18.98 | % | $ | 9,771,797 | |||||||||||||||||||||||||
Frontier Long/Short Commodity Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company I | — | — | 6 | % | $ | 3,675,238 | |||||||||||||||||||||||||||
Balanced Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Companies II, VII, XIV, XV, XVIII, XXIII and XXXIX | 13.6 | % | $ | 17,588,160 | 8.24 | % | $ | 20,193,128 | |||||||||||||||||||||||||
Frontier Select Series (1) — | |||||||||||||||||||||||||||||||||
Frontier Trading Companies XV and XXXIX | 22.54 | % | $ | 4,343,695 | 29.09 | % | $ | 7,373,509 | |||||||||||||||||||||||||
Winton Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company II | 18.45 | % | $ | 6,712,629 | 16.76 | % | $ | 6,865,965 | |||||||||||||||||||||||||
Frontier Heritage Series (2) — | |||||||||||||||||||||||||||||||||
Frontier Trading Companies II and XXXIX | 19.72 | % | $ | 2,958,796 | 29.75 | % | $ | 6,174,855 | |||||||||||||||||||||||||
-1 | Formerly known as the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||
-1 | Formerly known as the Winton/Graham Series. | ||||||||||||||||||||||||||||||||
Equity in Earnings from Unconsolidated Trading Companies | ' | ||||||||||||||||||||||||||||||||
The following tables summarize the Balanced Series, Winton Series, Frontier Select Series (formerly Tiverton/Graham/Transtrend Series), Frontier Heritage Series (formerly Winton/Graham Series), Frontier Long/Short Commodity Series, Frontier Diversified Series and Frontier Masters Series equity in earnings from unconsolidated Trading Companies for the three and nine months ended September 30, 2013 and 2012. | |||||||||||||||||||||||||||||||||
Three Months Ended September 30, 2013 | Three Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Change in | Change in | ||||||||||||||||||||||||||||||||
Trading | Realized | Unrealized | Net Income | Trading | Realized | Unrealized | Net Income | ||||||||||||||||||||||||||
Commissions | Gain/(Loss) | Gain/(Loss) | (Loss) | Commissions | Gain/(Loss) | Gain/(Loss) | (Loss) | ||||||||||||||||||||||||||
Trading Company | |||||||||||||||||||||||||||||||||
Balanced Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company I LLC | |||||||||||||||||||||||||||||||||
Frontier Trading Company II LLC | $ | (9,318 | ) | $ | (560,883 | ) | $ | 223,628 | $ | (346,573 | ) | $ | (14,301 | ) | $ | 70,125 | $ | 373,430 | $ | 429,254 | |||||||||||||
Frontier Trading Company V LLC | — | — | — | — | (17,266 | ) | 845,162 | (665,782 | ) | 162,114 | |||||||||||||||||||||||
Frontier Trading Company VII, LLC | (92,999 | ) | (3,300,304 | ) | 2,074,995 | (1,318,308 | ) | (192,209 | ) | (24,332,527 | ) | 20,896,332 | (3,628,403 | ) | |||||||||||||||||||
Frontier Trading Company XIV, LLC | (192,816 | ) | (5,398,107 | ) | 2,531,471 | (3,059,452 | ) | — | — | — | — | ||||||||||||||||||||||
Frontier Trading Company XV, LLC | (33,508 | ) | 371,848 | (2,216,125 | ) | (1,877,785 | ) | — | — | — | — | ||||||||||||||||||||||
Frontier Trading Company XVIII, LLC | (1,048 | ) | (33,791 | ) | — | (34,839 | ) | (5,348 | ) | 185,413 | 46,345 | 226,410 | |||||||||||||||||||||
Frontier Trading Company XXIII, LLC | — | — | — | — | (872 | ) | (136,395 | ) | 19,584 | (117,683 | ) | ||||||||||||||||||||||
Frontier Trading Company XXXIX, LLC | (1,468 | ) | — | (264,965 | ) | (266,433 | ) | — | — | — | — | ||||||||||||||||||||||
Total | $ | (331,157 | ) | $ | (8,921,237 | ) | $ | 2,349,004 | $ | (6,903,390 | ) | $ | (229,996 | ) | $ | (23,368,222 | ) | $ | 20,669,909 | $ | (2,928,309 | ) | |||||||||||
Winton Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company II LLC | $ | (11,655 | ) | $ | (666,174 | ) | $ | 297,231 | $ | (380,598 | ) | $ | (11,442 | ) | $ | 24,971 | $ | 588,982 | $ | 602,511 | |||||||||||||
Frontier Select Series (1) — | |||||||||||||||||||||||||||||||||
Frontier Trading Company V LLC | $ | — | $ | — | $ | — | $ | — | $ | (22,533 | ) | $ | 1,102,656 | $ | (865,374 | ) | $ | 214,749 | |||||||||||||||
Frontier Trading Company XV, LLC | (24,262 | ) | 85,305 | (951,521 | ) | (890,478 | ) | (20,157 | ) | 62,519 | (55,047 | ) | (12,684 | ) | |||||||||||||||||||
Frontier Trading Company XXI, LLC | — | — | — | (13,232 | ) | 174,405 | (40,209 | ) | 120,964 | ||||||||||||||||||||||||
Frontier Trading Company XXXIX, LLC | (903 | ) | — | (130,250 | ) | (131,153 | ) | — | — | — | — | ||||||||||||||||||||||
Total | $ | (25,165 | ) | $ | 85,305 | $ | (1,081,771 | ) | $ | (1,021,631 | ) | $ | (55,922 | ) | $ | 1,339,580 | $ | (960,630 | ) | $ | 323,029 | ||||||||||||
Frontier Heritage Series (2) — | |||||||||||||||||||||||||||||||||
Frontier Trading Company II LLC | $ | (2,614 | ) | $ | (149,499 | ) | $ | 66,609 | $ | (85,504 | ) | $ | (3,363 | ) | $ | 326 | $ | 426,552 | $ | 423,516 | |||||||||||||
Frontier Trading Company V LLC | — | — | — | — | (21,237 | ) | 834,906 | (51,282 | ) | 762,386 | |||||||||||||||||||||||
Frontier Trading Company XXXIX, LLC | (1,129 | ) | (162,814 | ) | — | (163,943 | ) | — | — | — | — | ||||||||||||||||||||||
Total | $ | (3,743 | ) | $ | (312,313 | ) | $ | 66,609 | $ | (249,447 | ) | $ | (24,600 | ) | $ | 835,232 | $ | 375,270 | $ | 1,185,902 | |||||||||||||
Frontier Long/Short Commodity Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company I LLC | $ | (4,748 | ) | $ | (478,294 | ) | $ | 132,144 | $ | (350,898 | ) | $ | (18,573 | ) | $ | (370,180 | ) | $ | 2,936 | $ | (385,817 | ) | |||||||||||
Frontier Trading Companies XVIII, LLC | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Frontier Trading Companies XXIII, LLC | — | — | — | — | (6,502 | ) | (323,461 | ) | 68,223 | (261,740 | ) | ||||||||||||||||||||||
Total | $ | (4,748 | ) | $ | (478,294 | ) | $ | — | $ | (350,898 | ) | $ | (25,075 | ) | $ | (693,641 | ) | $ | 71,159 | $ | (647,557 | ) | |||||||||||
Frontier Diversified Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company I LLC | $ | (82,715 | ) | $ | (95,717 | ) | $ | (814,937 | ) | $ | (993,369 | ) | $ | (147,606 | ) | $ | (191,391 | ) | $ | (393,000 | ) | $ | (731,997 | ) | |||||||||
Frontier Trading Company II LLC | (5,469 | ) | (310,367 | ) | 140,441 | (175,395 | ) | (6,875 | ) | 7,849 | 420,549 | 421,524 | |||||||||||||||||||||
Frontier Trading Company V LLC | — | — | — | — | (11,924 | ) | 583,700 | (459,899 | ) | 111,876 | |||||||||||||||||||||||
Frontier Trading Company VI LLC | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Frontier Trading Company VII, LLC | (91,413 | ) | (1,364,053 | ) | 1,202,102 | (253,364 | ) | (107,417 | ) | (12,417,915 | ) | 10,661,492 | (1,863,839 | ) | |||||||||||||||||||
Frontier Trading Company IX, LLC | — | (6 | ) | (6 | ) | (19 | ) | 532 | — | 513 | |||||||||||||||||||||||
Frontier Trading Company XIV, LLC | (163,648 | ) | (4,745,349 | ) | 2,016,387 | (2,892,610 | ) | (161,652 | ) | 6,242,591 | (542,495 | ) | 5,538,445 | ||||||||||||||||||||
Frontier Trading Company XV, LLC | (25,366 | ) | 244,658 | (1,593,532 | ) | (1,374,240 | ) | (34,788 | ) | 92,877 | (43,252 | ) | 14,837 | ||||||||||||||||||||
Frontier Trading Company XVIII, LLC | — | — | — | — | (1,662 | ) | 57,605 | 14,262 | 70,205 | ||||||||||||||||||||||||
Frontier Trading Company XXI, LLC | — | — | — | — | (309 | ) | 4,122 | (1,108 | ) | 2,705 | |||||||||||||||||||||||
Frontier Trading Company XXIII, LLC | (1,893 | ) | 7,569 | (29,894 | ) | (24,218 | ) | (12,364 | ) | (550,605 | ) | 122,426 | (440,544 | ) | |||||||||||||||||||
Frontier Trading Company XXXIX, LLC | — | — | 3,222 | 3,222 | — | — | — | — | |||||||||||||||||||||||||
Total | $ | (370,504 | ) | $ | (6,263,265 | ) | $ | 923,789 | $ | (5,709,980 | ) | $ | (484,616 | ) | $ | (6,170,635 | ) | $ | 9,778,975 | $ | 3,123,724 | ||||||||||||
Frontier Masters Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company II LLC | $ | (3,449 | ) | $ | (197,161 | ) | $ | 87,980 | $ | (112,630 | ) | $ | (3,386 | ) | $ | 7,390 | $ | 174,274 | $ | 178,278 | |||||||||||||
Frontier Trading Company XIV, LLC | (72,982 | ) | (2,210,977 | ) | 1,025,721 | (1,258,238 | ) | (65,090 | ) | 2,513,002 | (222,782 | ) | 2,225,130 | ||||||||||||||||||||
Frontier Trading Company XV, LLC | (35,063 | ) | 99,114 | (1,202,493 | ) | (1,138,442 | ) | (14,120 | ) | 44,241 | (39,084 | ) | (8,963 | ) | |||||||||||||||||||
Total | $ | (111,494 | ) | $ | (2,309,024 | ) | $ | (88,792 | ) | $ | (2,509,310 | ) | $ | (82,596 | ) | $ | 2,564,633 | $ | (87,592 | ) | $ | 2,394,445 | |||||||||||
-1 | Formerly known as the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||
-2 | Formerly known as the Winton/Graham Series. | ||||||||||||||||||||||||||||||||
Nine Months Ended September 30, 2013 | Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Trading | Realized | Change in | Net Income | Trading | Realized | Change in | Net Income | ||||||||||||||||||||||||||
Commissions | Gain/(Loss) | Unrealized | (Loss) | Commissions | Gain/(Loss) | Unrealized | (Loss) | ||||||||||||||||||||||||||
Gain/(Loss) | Gain/(Loss) | ||||||||||||||||||||||||||||||||
Trading Company | |||||||||||||||||||||||||||||||||
Balanced Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company II LLC | $ | (33,765 | ) | $ | 1,282,222 | $ | 316,134 | $ | 1,564,591 | $ | (49,697 | ) | $ | (652,377 | ) | $ | (1,302,487 | ) | $ | (2,004,561 | ) | ||||||||||||
Frontier Trading Company V LLC | (13,876 | ) | 1,530,384 | (272,459 | ) | 1,244,049 | (103,975 | ) | 769,589 | (636,783 | ) | 28,831 | |||||||||||||||||||||
Frontier Trading Company VII, LLC | (396,883 | ) | (2,545,172 | ) | 35,837 | (2,906,218 | ) | (545,241 | ) | (22,610,306 | ) | 16,047,057 | (7,108,490 | ) | |||||||||||||||||||
Frontier Trading Company XV, LLC | (472,744 | ) | (14,503,646 | ) | 194,875 | (14,781,515 | ) | ||||||||||||||||||||||||||
Frontier Trading Company XVI, LLC | (109,397 | ) | (556,817 | ) | 773,099 | 106,885 | |||||||||||||||||||||||||||
Frontier Trading Company XVIII, LLC | (9,693 | ) | (192,512 | ) | (91,675 | ) | (293,880 | ) | (10,452 | ) | 267,327 | (42,881 | ) | 213,994 | |||||||||||||||||||
Frontier Trading Company XXIII, LLC | (3,526 | ) | (194,695 | ) | 546 | (197,675 | ) | (20,804 | ) | 229,730 | 45,494 | 254,420 | |||||||||||||||||||||
Frontier Trading Company XXXIX, LLC | (1,468 | ) | — | (569,218 | ) | (570,686 | ) | ||||||||||||||||||||||||||
Total | $ | (1,041,352 | ) | $ | (15,180,236 | ) | $ | 387,139 | $ | (15,834,449 | ) | $ | (730,169 | ) | $ | (21,996,037 | ) | $ | 14,110,400 | $ | (8,615,806 | ) | |||||||||||
Winton Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company II LLC | $ | (37,129 | ) | $ | 1,261,438 | $ | 184,516 | $ | 1,408,825 | $ | (39,805 | ) | $ | (531,851 | ) | $ | (774,310 | ) | $ | (1,345,966 | ) | ||||||||||||
Frontier Select Series (1) — | |||||||||||||||||||||||||||||||||
Frontier Trading Company V LLC | $ | (12,346 | ) | $ | 1,188,592 | $ | (78,854 | ) | $ | 1,097,392 | $ | (113,007 | ) | $ | 2,510,500 | $ | (2,450,908 | ) | $ | (53,415 | ) | ||||||||||||
Frontier Trading Company VI LLC | — | — | — | ||||||||||||||||||||||||||||||
Frontier Trading Company XV, LLC | (71,581 | ) | (158,898 | ) | (177,597 | ) | (408,076 | ) | (53,677 | ) | (399,398 | ) | (135,117 | ) | (588,192 | ) | |||||||||||||||||
Frontier Trading Company XXI, LLC | — | — | — | (28,537 | ) | 1,173,471 | (625,981 | ) | 518,953 | ||||||||||||||||||||||||
Frontier Trading Company XXXIX, LLC | (903 | ) | — | (349,759 | ) | (350,662 | ) | ||||||||||||||||||||||||||
Total | $ | (84,830 | ) | $ | 1,029,694 | $ | (606,210 | ) | $ | 338,654 | $ | (195,221 | ) | $ | 3,284,573 | $ | (3,212,006 | ) | $ | (122,654 | ) | ||||||||||||
Frontier Heritage Series (2) — | |||||||||||||||||||||||||||||||||
Frontier Trading Company II LLC | $ | (8,383 | ) | $ | 276,041 | $ | 84,440 | $ | 352,098 | $ | (13,788 | ) | $ | (203,332 | ) | $ | (72,990 | ) | $ | (290,110 | ) | ||||||||||||
Frontier Trading Company V LLC | (13,268 | ) | 1,404,612 | (205,240 | ) | 1,186,104 | (141,659 | ) | 703,045 | (180,080 | ) | 381,306 | |||||||||||||||||||||
Frontier Trading Company XXXIX, LLC | (1,129 | ) | — | (437,198 | ) | (438,327 | ) | ||||||||||||||||||||||||||
Total | $ | (22,780 | ) | $ | 1,680,653 | $ | (557,998 | ) | $ | 1,099,875 | $ | (155,447 | ) | $ | 499,713 | $ | (253,070 | ) | $ | 91,196 | |||||||||||||
Frontier Long/Short Commodity Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company I LLC | $ | (35,831 | ) | $ | (778,371 | ) | $ | 98,091 | $ | (716,111 | ) | $ | (48,910 | ) | $ | (1,444,726 | ) | $ | (350,054 | ) | $ | (1,843,690 | ) | ||||||||||
Frontier Trading Companies XVIII, LLC | — | — | (11,271 | ) | 116,615 | (48,976 | ) | 56,368 | |||||||||||||||||||||||||
Frontier Trading Companies XXIII, LLC | (7,153 | ) | (263,068 | ) | (24,083 | ) | (294,304 | ) | (18,453 | ) | (103,400 | ) | 82,874 | (38,979 | ) | ||||||||||||||||||
Total | $ | (42,984 | ) | $ | (1,041,439 | ) | $ | 74,008 | $ | (1,010,415 | ) | $ | (78,634 | ) | $ | (1,431,511 | ) | $ | (316,156 | ) | $ | (1,826,301 | ) | ||||||||||
Frontier Diversified Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company I LLC | $ | (314,471 | ) | $ | (1,868,764 | ) | $ | (1,162,025 | ) | $ | (3,345,260 | ) | $ | (548,081 | ) | $ | 2,682,665 | $ | 43,648 | $ | 2,178,232 | ||||||||||||
Frontier Trading Company II LLC | (18,815 | ) | 697,242 | 79,465 | 757,892 | (24,988 | ) | (349,717 | ) | (446,860 | ) | (821,565 | ) | ||||||||||||||||||||
Frontier Trading Company V LLC | (380,661 | ) | (10,547,784 | ) | 281,573 | (10,646,872 | ) | (60,488 | ) | 520,005 | (511,640 | ) | (52,123 | ) | |||||||||||||||||||
Frontier Trading Company VI LLC | |||||||||||||||||||||||||||||||||
Frontier Trading Company VII, LLC | (283,574 | ) | (571,954 | ) | (186,485 | ) | (1,042,013 | ) | (292,225 | ) | (11,523,540 | ) | 8,122,052 | (3,693,713 | ) | ||||||||||||||||||
Frontier Trading Company IX, LLC | (12,383 | ) | (279,001 | ) | (62,409 | ) | (353,793 | ) | |||||||||||||||||||||||||
Frontier Trading Company XIV, LLC | (137,819 | ) | 1,604,571 | 387,887 | 1,854,639 | (422,308 | ) | 9,598,657 | 134,134 | 9,310,483 | |||||||||||||||||||||||
Frontier Trading Company XV, LLC | (75,052 | ) | (534,948 | ) | 730,530 | 120,530 | (109,628 | ) | (1,024,135 | ) | (99,522 | ) | (1,233,285 | ) | |||||||||||||||||||
Frontier Trading Company XVIII, LLC | (24,995 | ) | 306,715 | (105,758 | ) | 175,962 | |||||||||||||||||||||||||||
Frontier Trading Company XXI, LLC | (834 | ) | 26,658 | (3,205 | ) | 22,619 | |||||||||||||||||||||||||||
Frontier Trading Company XXIII, LLC | (16,989 | ) | (511,401 | ) | (95,340 | ) | (623,730 | ) | (22,330 | ) | (367,519 | ) | 135,130 | (254,719 | ) | ||||||||||||||||||
Frontier Trading Company XXXIX, LLC | (133,973 | ) | (133,973 | ) | |||||||||||||||||||||||||||||
Total | $ | (1,227,381 | ) | $ | (11,733,038 | ) | $ | (98,368 | ) | $ | (13,058,787 | ) | $ | (1,518,260 | ) | $ | (409,212 | ) | $ | 7,205,570 | $ | 5,278,098 | |||||||||||
Frontier Masters Series — | |||||||||||||||||||||||||||||||||
Frontier Trading Company II LLC | $ | (10,993 | ) | $ | 373,507 | $ | 53,367 | $ | 415,881 | $ | (11,779 | ) | $ | (157,423 | ) | $ | (229,350 | ) | $ | (398,552 | ) | ||||||||||||
Frontier Trading Company XIV, LLC | (211,038 | ) | (4,305,339 | ) | 559,649 | (3,956,728 | ) | (195,378 | ) | 4,036,881 | (139,982 | ) | 3,701,521 | ||||||||||||||||||||
Frontier Trading Company XV, LLC | (110,645 | ) | (311,409 | ) | (230,903 | ) | (652,957 | ) | (38,432 | ) | (318,002 | ) | (57,922 | ) | (414,356 | ) | |||||||||||||||||
Total | $ | (332,676 | ) | $ | (4,243,241 | ) | $ | 382,113 | $ | (4,193,804 | ) | $ | (245,589 | ) | $ | 3,561,456 | $ | (427,254 | ) | $ | 2,888,613 | ||||||||||||
-1 | Formerly known as the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||
-2 | Formerly known as the Winton/Graham Series. | ||||||||||||||||||||||||||||||||
Statements of Financial Condition | ' | ||||||||||||||||||||||||||||||||
The statements of financial condition as of September 30, 2013 and December 31, 2012 and the Condensed Statement of Income for the three and nine months ended September 30, 2013 and 2012 for the unconsolidated Trading Companies are as follows: | |||||||||||||||||||||||||||||||||
Statements of Financial Condition - September 30, 2013 | Frontier Trading | Frontier Trading | Frontier Trading | Frontier Trading | |||||||||||||||||||||||||||||
Company II LLC | Company XV LLC | Company XIV LLC | Company XXXIX LLC | ||||||||||||||||||||||||||||||
Receivable from commission merchants | $ | 14,873,923 | $ | 11,728,864 | $ | 12,260,120 | $ | 5,996,500 | |||||||||||||||||||||||||
Open trade equity/(deficit) | 2,217,360 | 3,540,384 | 493,826 | -1,490,149 | |||||||||||||||||||||||||||||
Interest receivable/(payable) | 485 | 1,172 | (1,325 | ) | 0 | ||||||||||||||||||||||||||||
Total assets | $ | 17,091,768 | $ | 15,270,420 | 12,752,621 | $ | 4,506,351 | ||||||||||||||||||||||||||
Members’ equity | $ | 17,091,768 | $ | 15,270,420 | $ | 12,752,621 | $ | 4,506,351 | |||||||||||||||||||||||||
Statements of Financial Condition - December 31, 2012 | Frontier Trading | Frontier Trading | Frontier Trading | ||||||||||||||||||||||||||||||
Company II LLC | Company V LLC | Company XXIII, LLC | |||||||||||||||||||||||||||||||
Receivable from commission merchants | $ | 20,525,159 | $ | 14,732,606 | $ | 3,343,890 | |||||||||||||||||||||||||||
Open trade equity/(deficit) | 1,499,438 | 1,311,171 | $ | 231,181 | |||||||||||||||||||||||||||||
Interest receivable/(payable) | 2,882 | 2,181 | (7 | ) | |||||||||||||||||||||||||||||
Total assets | $ | 22,027,479 | $ | 16,045,958 | $ | 3,575,064 | |||||||||||||||||||||||||||
Members’ equity | $ | 22,027,479 | $ | 16,045,958 | $ | 3,575,064 | |||||||||||||||||||||||||||
Condensed Statement of Income | ' | ||||||||||||||||||||||||||||||||
Condensed Statement of Income - For the Three Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Interest income | $ | 1,296 | $ | 14,902 | $ | (6,289 | ) | $ | — | ||||||||||||||||||||||||
Net realized gain/(loss) on investments, less commissions | (1,917,886 | ) | 667,824 | (12,615,137 | ) | (3,500 | ) | ||||||||||||||||||||||||||
Change in open trade equity/(deficit) | 815,889 | (5,963,669 | ) | 5,229,959 | (554,809 | ) | |||||||||||||||||||||||||||
Net income/(loss) | $ | (1,100,701 | ) | $ | (5,280,943 | ) | $ | (7,391,467 | ) | $ | (558,309 | ) | |||||||||||||||||||||
Condensed Statement of Income - For the Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||||||||||
Interest income | $ | 13,010 | $ | 7,946 | $ | (11,934 | ) | $ | — | ||||||||||||||||||||||||
Net realized gain/(loss) on investments, less commissions | 3,768,357 | (1,935,423 | ) | (31,744,045 | ) | (3,500 | ) | ||||||||||||||||||||||||||
Change in open trade equity/(deficit) | 717,922 | 1,289,421 | 441,921 | (1,490,149 | ) | ||||||||||||||||||||||||||||
Net income/(loss) | $ | 4,499,289 | $ | (638,056 | ) | $ | (31,314,058 | ) | $ | (1,493,649 | ) | ||||||||||||||||||||||
Condensed Statement of Income - For the Three Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Interest income | $ | 7,977 | $ | 7,318 | $ | — | |||||||||||||||||||||||||||
Net realized gain/(loss) on investments, less commissions | 71,295 | 3,293,463 | — | ||||||||||||||||||||||||||||||
Change in open trade equity/(deficit) | 1,983,787 | (2,042,336 | ) | — | |||||||||||||||||||||||||||||
Net income/(loss) | $ | 2,063,059 | $ | 1,258,445 | $ | — | |||||||||||||||||||||||||||
Condensed Statement of Income - For the Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||||||||||
Interest income | $ | 24,381 | $ | 9,471 | $ | — | |||||||||||||||||||||||||||
Net realized gain/(loss) on investments, less commissions | (2,034,756 | ) | 4,084,001 | — | |||||||||||||||||||||||||||||
Change in open trade equity/(deficit) | (2,825,996 | ) | (3,779,410 | ) | — | ||||||||||||||||||||||||||||
Net income/(loss) | $ | (4,836,371 | ) | $ | 314,062 | $ | — | ||||||||||||||||||||||||||
Transactions_with_Affiliates_T
Transactions with Affiliates (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||
Fees Earned by the Managing Owner | ' | ||||||||||||||||
The following table summarizes fees earned by the Managing Owner for the three and nine months ended September 30, 2013 and 2012. | |||||||||||||||||
Three Months Ended September 30, 2013 | Incentive Fee | Management Fee | Service Fee | Trading Fee | |||||||||||||
Frontier Diversified Series | $ | — | $ | 333,759 | $ | 225,937 | $ | 475,785 | |||||||||
Frontier Masters Series | — | 315,200 | 156,560 | 252,770 | |||||||||||||
Frontier Long/Short Commodity Series | — | 518,079 | 71,049 | 146,883 | |||||||||||||
Balanced Series | — | 334,849 | 741,647 | 261,429 | |||||||||||||
Frontier Select Series (1) | — | 140,444 | 141,965 | 40,356 | |||||||||||||
Winton Series | — | 264,894 | 211,612 | 72,271 | |||||||||||||
Frontier Heritage Series (2) | — | 74,121 | 101,377 | 31,828 | |||||||||||||
Three Months Ended September 30, 2012 | Incentive Fee | Management Fee | Service Fee | Trading Fee | |||||||||||||
Frontier Diversified Series | $ | 443,895 | $ | 735,492 | $ | 1,456,640 | $ | 366,831 | |||||||||
Frontier Masters Series | 364,814 | 342,724 | 403,573 | 207,528 | |||||||||||||
Frontier Long/Short Commodity Series | 868,971 | 266,738 | 585,049 | 112,879 | |||||||||||||
Balanced Series | 601,212 | 443,728 | 3,268,561 | 1,240,331 | |||||||||||||
Frontier Select Series (1) | 326,209 | 60,869 | 7,136 | 213,767 | |||||||||||||
Winton Series | 259,965 | 84,533 | — | 257,849 | |||||||||||||
Frontier Heritage Series (2) | 225,076 | 47,300 | — | 153,063 | |||||||||||||
-1 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||
-2 | Formerly the Winton/Graham Series. | ||||||||||||||||
Nine Months Ended September 30, 2013 | Incentive Fee | Management Fee | Service Fee | Trading Fee | |||||||||||||
Frontier Diversified Series | $ | 184,498 | $ | 1,131,997 | $ | 822,240 | $ | 1,726,597 | |||||||||
Frontier Masters Series | — | 970,110 | 508,375 | 834,173 | |||||||||||||
Frontier Long/Short Commodity Series | — | 1,747,261 | 255,223 | 548,982 | |||||||||||||
Balanced Series | 657,063 | 1,250,878 | 2,658,114 | 934,900 | |||||||||||||
Frontier Select Series (1) | — | 487,737 | 452,617 | 128,680 | |||||||||||||
Winton Series | — | 785,269 | 661,315 | 223,928 | |||||||||||||
Frontier Heritage Series (2) | — | 288,326 | 337,523 | 105,156 | |||||||||||||
Nine Months Ended September 30, 2012 | Incentive Fee | Management Fee | Service Fee | Trading Fee | |||||||||||||
Frontier Diversified Series | $ | 1,445,371 | $ | 2,258,377 | $ | 3,079,256 | $ | 1,131,348 | |||||||||
Frontier Masters Series | 1,069,958 | 979,635 | 488,081 | 584,434 | |||||||||||||
Frontier Long/Short Commodity Series | 2,599,254 | 778,408 | 1,059,204 | 352,904 | |||||||||||||
Balanced Series | 1,940,876 | 1,373,998 | 6,553,867 | 3,845,995 | |||||||||||||
Frontier Select Series (1) | 956,639 | 193,716 | 65,989 | 686,786 | |||||||||||||
Winton Series | 787,335 | 263,127 | — | 806,539 | |||||||||||||
Frontier Heritage Series (2) | 813,420 | 151,266 | — | 491,271 | |||||||||||||
-1 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||
-2 | Formerly the Winton/Graham Series. | ||||||||||||||||
Fees Payable to Managing Owner | ' | ||||||||||||||||
The following table summarizes fees payable to the Managing Owner as of September 30, 2013 and December 31, 2012. | |||||||||||||||||
As of September 30, 2013 | |||||||||||||||||
Incentive Fees | Management Fees | Trading Fees | Service Fees | ||||||||||||||
Frontier Diversified Series | $ | — | $ | 101,464 | $ | 149,772 | $ | 54,639 | |||||||||
Frontier Masters Series | — | 98,876 | 80,808 | 39,713 | |||||||||||||
Frontier Long/Short Commodity Series | — | 152,047 | 42,620 | 17,705 | |||||||||||||
Balanced Series | — | 92,310 | 79,628 | 202,653 | |||||||||||||
Frontier Select Series (1) | — | 45,546 | 12,681 | 42,233 | |||||||||||||
Winton Series | — | 87,013 | 23,305 | 52,149 | |||||||||||||
Frontier Heritage Series (2) | — | 24,337 | 9,847 | 27,616 | |||||||||||||
As of December 31, 2012 | |||||||||||||||||
Incentive Fees | Management Fees | Trading Fees | Service Fees | ||||||||||||||
Frontier Diversified Series | $ | 189,903 | $ | 150,188 | $ | 228,169 | $ | 89,177 | |||||||||
Frontier Masters Series | — | 118,274 | 104,852 | 47,423 | |||||||||||||
Frontier Long/Short Commodity Series | — | 277,379 | 79,400 | 24,074 | |||||||||||||
Balanced Series | 527,306 | 193,155 | 132,875 | 332,942 | |||||||||||||
Frontier Select Series (1) | — | 103,089 | 16,057 | 54,702 | |||||||||||||
Winton Series | — | 86,138 | 26,041 | 62,556 | |||||||||||||
Frontier Heritage Series (2) | — | 63,642 | 13,148 | 38,116 | |||||||||||||
-1 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||
-2 | Formerly the Winton/Graham Series. |
Financial_Highlights_Tables
Financial Highlights (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||||||||||
Financial Highlights of the Trust | ' | ||||||||||||||||||||||||||||||||||||
The following information presents the financial highlights of the Trust, with respect to the Series, for the three and nine months ended September 30, 2013 and 2012. | |||||||||||||||||||||||||||||||||||||
Frontier Diversified Series | Frontier Masters Series | Frontier Long/Short Commodity Series (7) | |||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 1 | Class 2 | Class 2 | Class 3 | Class 1a | Class 2a | Class 3a | |||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, June 30, 2013 | $ | 85.55 | $ | 91.85 | $ | 94.74 | $ | 101.71 | $ | 134.46 | $ | 134.49 | $ | 99.9 | $ | 107.14 | $ | 107.15 | |||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.41 | 0.45 | 0.43 | 0.46 | 0.92 | 0.92 | 0.68 | 0.74 | 0.73 | ||||||||||||||||||||||||||||
Expenses | (1.31 | ) | (0.90 | ) | (1.76 | ) | (1.36 | ) | (2.45 | ) | (2.45 | ) | (1.82 | ) | (1.96 | ) | (1.94 | ) | |||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | (6.52 | ) | (7.14 | ) | (5.54 | ) | (6.06 | ) | (6.84 | ) | (6.84 | ) | (5.16 | ) | (5.08 | ) | (5.03 | ) | |||||||||||||||||||
Net income/(loss) | (7.42 | ) | (7.59 | ) | (6.87 | ) | (6.96 | ) | (8.37 | ) | (8.37 | ) | (6.30 | ) | (6.30 | ) | (6.24 | ) | |||||||||||||||||||
Net asset value, September 30, 2013 | $ | 78.13 | $ | 84.26 | $ | 87.87 | $ | 94.75 | $ | 126.09 | $ | 126.12 | $ | 93.6 | $ | 100.84 | $ | 100.91 | |||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -4.41 | % | -2.1 | % | -5.77 | % | -3.61 | % | -4.68 | % | -4.68 | % | -4.68 | % | -4.68 | % | -4.68 | % | |||||||||||||||||||
Expenses before incentive fees (6) | 6.45 | % | 4.14 | % | 7.62 | % | 5.46 | % | 7.48 | % | 7.48 | % | 7.48 | % | 7.48 | % | 7.48 | % | |||||||||||||||||||
Expenses after incentive fees (6) | 6.45 | % | 4.14 | % | 7.62 | % | 5.46 | % | 7.48 | % | 7.48 | % | 7.48 | % | 7.48 | % | 7.48 | % | |||||||||||||||||||
Total return before incentive fees (2) | -8.67 | % | -8.26 | % | -7.25 | % | -6.84 | % | -6.22 | % | -6.22 | % | -6.31 | % | -5.88 | % | -5.82 | % | |||||||||||||||||||
Total return after incentive fees (2) | -8.67 | % | -8.26 | % | -7.25 | % | -6.84 | % | -6.22 | % | -6.22 | % | -6.31 | % | -5.88 | % | -5.82 | % | |||||||||||||||||||
Balanced Series | Frontier Select Series (4) | ||||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 2a | Class 3a | Class 1 | Class 2 | ||||||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, June 30, 2013 | $ | 104.89 | $ | 136.54 | $ | 114.69 | $ | 114.31 | $ | 81.01 | $ | 104.04 | |||||||||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.09 | 0.12 | 0.1 | 0.1 | 0.26 | 0.34 | |||||||||||||||||||||||||||||||
Expenses | (1.22 | ) | (0.58 | ) | (0.49 | ) | (0.48 | ) | (1.30 | ) | (0.89 | ) | |||||||||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | (6.04 | ) | (7.88 | ) | (6.19 | ) | (6.18 | ) | (3.95 | ) | (5.10 | ) | |||||||||||||||||||||||||
Net income/(loss) | (7.17 | ) | (8.34 | ) | (6.58 | ) | (6.56 | ) | (4.99 | ) | (5.65 | ) | |||||||||||||||||||||||||
Net asset value, September 30, 2013 | $ | 97.72 | $ | 128.2 | $ | 108.11 | $ | 107.75 | $ | 76.02 | $ | 98.39 | |||||||||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -4.47 | % | -1.39 | % | -1.39 | % | -1.39 | % | -5.2 | % | -2.13 | % | |||||||||||||||||||||||||
Expenses before incentive fees (6) | 4.83 | % | 1.76 | % | 1.76 | % | 1.76 | % | 6.51 | % | 3.44 | % | |||||||||||||||||||||||||
Expenses after incentive fees (6) | 4.83 | % | 1.76 | % | 1.76 | % | 1.76 | % | 6.51 | % | 3.44 | % | |||||||||||||||||||||||||
Total return before incentive fees (2) | -6.84 | % | -6.11 | % | -5.74 | % | -5.74 | % | -6.16 | % | -5.43 | % | |||||||||||||||||||||||||
Total return after incentive fees (2) | -6.84 | % | -6.11 | % | -5.74 | % | -5.74 | % | -6.16 | % | -5.43 | % | |||||||||||||||||||||||||
Winton Series | Frontier Heritage Series (5) | ||||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 1 | Class 2 | ||||||||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, June 30, 2013 | $ | 132.81 | $ | 163.19 | $ | 98.08 | $ | 127.04 | |||||||||||||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.23 | 0.29 | 0.17 | 0.23 | |||||||||||||||||||||||||||||||||
Expenses | (2.18 | ) | (1.44 | ) | (1.37 | ) | (0.81 | ) | |||||||||||||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | (1.24 | ) | (1.53 | ) | (1.33 | ) | (1.74 | ) | |||||||||||||||||||||||||||||
Net income/(loss) | (3.19 | ) | (2.68 | ) | (2.53 | ) | (2.32 | ) | |||||||||||||||||||||||||||||
Net asset value, September 30, 2013 | $ | 129.62 | $ | 160.51 | $ | 95.55 | $ | 124.72 | |||||||||||||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -5.94 | % | -2.87 | % | -4.92 | % | -1.84 | % | |||||||||||||||||||||||||||||
Expenses before incentive fees (6) | 6.65 | % | 3.58 | % | 5.63 | % | 2.56 | % | |||||||||||||||||||||||||||||
Expenses after incentive fees (6) | 6.65 | % | 3.58 | % | 5.63 | % | 2.56 | % | |||||||||||||||||||||||||||||
Total return before incentive fees (2) | -2.4 | % | -1.64 | % | -2.58 | % | -1.83 | % | |||||||||||||||||||||||||||||
Total return after incentive fees (2) | -2.4 | % | -1.64 | % | -2.58 | % | -1.83 | % | |||||||||||||||||||||||||||||
-1 | Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. | ||||||||||||||||||||||||||||||||||||
-2 | Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. | ||||||||||||||||||||||||||||||||||||
-3 | Annualized with the exception of incentive fees. | ||||||||||||||||||||||||||||||||||||
-4 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||||||
-5 | Formerly the Winton/Graham Series. | ||||||||||||||||||||||||||||||||||||
-6 | Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. | ||||||||||||||||||||||||||||||||||||
-7 | Class 3a operations began June 17, 2013. | ||||||||||||||||||||||||||||||||||||
Frontier Diversified Series | Frontier Masters Series | Frontier Long/Short Commodity Series (7) | |||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 1 | Class 2 | Class 2 | Class 3 | Class 1a | Class 2a | Class 3a | |||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, December 31, 2012 | $ | 94.4 | $ | 100.48 | $ | 101.11 | $ | 107.61 | $ | 145.65 | $ | 145.69 | $ | 108.58 | $ | 115.45 | $ | 109.6 | |||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 1.23 | 1.32 | 1.35 | 1.45 | 2.61 | 2.61 | 1.94 | 2.09 | 1.92 | ||||||||||||||||||||||||||||
Expenses | (4.30 | ) | (3.00 | ) | (5.32 | ) | (4.05 | ) | (7.17 | ) | (7.19 | ) | (7.00 | ) | (5.75 | ) | (5.29 | ) | |||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | (13.20 | ) | (14.54 | ) | (9.27 | ) | (10.26 | ) | (15.00 | ) | (14.99 | ) | (9.92 | ) | (10.95 | ) | (5.32 | ) | |||||||||||||||||||
Net income/(loss) | (16.27 | ) | (16.22 | ) | (13.24 | ) | (12.86 | ) | (19.56 | ) | (19.57 | ) | (14.98 | ) | (14.61 | ) | (8.69 | ) | |||||||||||||||||||
Net asset value, September 30, 2013 | $ | 78.13 | $ | 84.26 | $ | 87.87 | $ | 94.75 | $ | 126.09 | $ | 126.12 | $ | 93.6 | $ | 100.84 | $ | 100.91 | |||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -4.53 | % | -2.28 | % | -5.41 | % | -3.29 | % | -4.36 | % | -4.36 | % | -6.5 | % | -4.36 | % | -4.36 | % | |||||||||||||||||||
Expenses before incentive fees (6) | 6.17 | % | 3.93 | % | 7.25 | % | 5.13 | % | 6.86 | % | 6.86 | % | 8.99 | % | 6.86 | % | 6.86 | % | |||||||||||||||||||
Expenses after incentive fees (6) | 6.36 | % | 4.12 | % | 7.25 | % | 5.13 | % | 6.86 | % | 6.86 | % | 8.99 | % | 6.86 | % | 6.86 | % | |||||||||||||||||||
Total return before incentive fees (2) | -17.05 | % | -15.95 | % | -13.09 | % | -11.95 | % | -13.43 | % | -13.43 | % | -13.8 | % | -12.65 | % | -7.93 | % | |||||||||||||||||||
Total return after incentive fees (2) | -17.24 | % | -16.14 | % | -13.09 | % | -11.95 | % | -13.43 | % | -13.43 | % | -13.8 | % | -12.65 | % | -7.93 | % | |||||||||||||||||||
Balanced Series | Frontier Select Series (4) | ||||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 2a | Class 3a | Class 1 | Class 2 | ||||||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, December 31, 2012 | $ | 116.32 | $ | 149.2 | $ | 124.36 | $ | 123.96 | $ | 78.66 | $ | 99.55 | |||||||||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.16 | 0.21 | 0.18 | 0.18 | 0.87 | 1.11 | |||||||||||||||||||||||||||||||
Expenses | (4.36 | ) | (2.44 | ) | (2.05 | ) | (2.04 | ) | (3.97 | ) | (2.77 | ) | |||||||||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | (14.40 | ) | (18.77 | ) | (14.38 | ) | (14.35 | ) | 0.46 | 0.5 | |||||||||||||||||||||||||||
Net income/(loss) | (18.60 | ) | (21.00 | ) | (16.25 | ) | (16.21 | ) | (2.64 | ) | (1.16 | ) | |||||||||||||||||||||||||
Net asset value, September 30, 2013 | $ | 97.72 | $ | 128.2 | $ | 108.11 | $ | 107.75 | $ | 76.02 | $ | 98.39 | |||||||||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -4.96 | % | -1.95 | % | -1.95 | % | -1.95 | % | -5.16 | % | -2.16 | % | |||||||||||||||||||||||||
Expenses before incentive fees (6) | 4.76 | % | 1.76 | % | 1.76 | % | 1.76 | % | 6.6 | % | 3.6 | % | |||||||||||||||||||||||||
Expenses after incentive fees (6) | 5.15 | % | 2.15 | % | 2.15 | % | 2.15 | % | 6.6 | % | 3.6 | % | |||||||||||||||||||||||||
Total return before incentive fees (2) | -15.59 | % | -13.68 | % | -12.67 | % | -12.68 | % | -3.36 | % | -1.17 | % | |||||||||||||||||||||||||
Total return after incentive fees (2) | -15.99 | % | -14.07 | % | -13.07 | % | -13.08 | % | -3.36 | % | -1.17 | % | |||||||||||||||||||||||||
Winton Series | Frontier Heritage Series (5) | ||||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 1 | Class 2 | ||||||||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, December 31, 2012 | $ | 130.73 | $ | 158.3 | $ | 94.55 | $ | 120.67 | |||||||||||||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.91 | 1.12 | 0.54 | 0.7 | |||||||||||||||||||||||||||||||||
Expenses | (6.41 | ) | (4.15 | ) | (4.30 | ) | (2.68 | ) | |||||||||||||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | 4.39 | 5.24 | 4.76 | 6.03 | |||||||||||||||||||||||||||||||||
Net income/(loss) | (1.11 | ) | 2.21 | 1 | 4.05 | ||||||||||||||||||||||||||||||||
Net asset value, September 30, 2013 | $ | 129.62 | $ | 160.51 | $ | 95.55 | $ | 124.72 | |||||||||||||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -5.47 | % | -2.47 | % | -5.08 | % | -2.08 | % | |||||||||||||||||||||||||||||
Expenses before incentive fees (6) | 6.38 | % | 3.38 | % | 5.81 | % | 2.81 | % | |||||||||||||||||||||||||||||
Expenses after incentive fees (6) | 6.38 | % | 3.38 | % | 5.81 | % | 2.81 | % | |||||||||||||||||||||||||||||
Total return before incentive fees (2) | -0.85 | % | 1.4 | % | 1.06 | % | 3.36 | % | |||||||||||||||||||||||||||||
Total return after incentive fees (2) | -0.85 | % | 1.4 | % | 1.06 | % | 3.36 | % | |||||||||||||||||||||||||||||
-1 | Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. | ||||||||||||||||||||||||||||||||||||
-2 | Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. | ||||||||||||||||||||||||||||||||||||
-3 | Annualized with the exception of incentive fees. | ||||||||||||||||||||||||||||||||||||
-4 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||||||
-5 | Formerly the Winton/Graham Series. | ||||||||||||||||||||||||||||||||||||
-6 | Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. | ||||||||||||||||||||||||||||||||||||
-7 | Class 3a operations began June 17, 2013 | ||||||||||||||||||||||||||||||||||||
Frontier Diversified Series | Frontier Masters Series | Frontier Long/Short Commodity Series (8) | |||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 1 | Class 2 | Class 1 | Class 2 | Class 3 | Class 1a | Class 2a | |||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, June 30, 2012 | $ | 97.6 | $ | 102.99 | $ | 102.04 | $ | 107.65 | $ | 128.07 | $ | 154.2 | $ | 154.18 | $ | 115.26 | $ | 121.54 | |||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.42 | 0.44 | 0.46 | 0.49 | 0.63 | 0.59 | 0.79 | 0.62 | 0.79 | ||||||||||||||||||||||||||||
Expenses | (2.66 | ) | (2.23 | ) | (2.61 | ) | (2.16 | ) | (4.30 | ) | (3.03 | ) | (4.05 | ) | (4.27 | ) | (4.05 | ) | |||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | 2.46 | 2.46 | 5.03 | 5.19 | 11.01 | 13.52 | 14.41 | 11.81 | 12.36 | ||||||||||||||||||||||||||||
Net income/(loss) | 0.22 | 0.67 | 2.88 | 3.52 | 7.34 | 11.08 | 11.15 | 8.16 | 9.1 | ||||||||||||||||||||||||||||
Net asset value, September 30, 2012 | $ | 97.82 | $ | 103.66 | $ | 104.92 | $ | 111.17 | $ | 135.41 | $ | 165.28 | $ | 165.33 | $ | 123.42 | $ | 130.64 | |||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -5.53 | % | -3.3 | % | -6.15 | % | -3.96 | % | -41.61 | % | -4.46 | % | -5.68 | % | -9.63 | % | -6.98 | % | |||||||||||||||||||
Expenses before incentive fees (6) | 6.07 | % | 3.84 | % | 7.25 | % | 5.07 | % | 50.73 | % | 5.14 | % | 6.87 | % | 10.94 | % | 8.73 | % | |||||||||||||||||||
Expenses after incentive fees (6) | 7.24 | % | 5.01 | % | 7.95 | % | 5.77 | % | 51.57 | % | 5.98 | % | 7.71 | % | 11.78 | % | 9.56 | % | |||||||||||||||||||
Total return before incentive fees (2) | 1.39 | % | 1.82 | % | 3.52 | % | 15.9 | % | 6.57 | % | 8.03 | % | 8.07 | % | 7.92 | % | 8.33 | % | |||||||||||||||||||
Total return after incentive fees (2) | 0.23 | % | 0.65 | % | 2.82 | % | 3.27 | % | 5.73 | % | 7.19 | % | 7.23 | % | 7.08 | % | 7.49 | % | |||||||||||||||||||
Balanced Series (7) | Frontier Select Series (4) | ||||||||||||||||||||||||||||||||||||
Class 1 | Class 1a | Class 2 | Class 2a | Class 3a | Class 1 | Class 2 | |||||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, June 30, 2012 | $ | 122.65 | $ | 108.13 | $ | 155.01 | $ | 128.99 | $ | 128.54 | $ | 86.29 | $ | 107.04 | |||||||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.21 | 0.26 | ||||||||||||||||||||||||||||||
Expenses | (3.30 | ) | (2.90 | ) | (2.99 | ) | (2.49 | ) | (2.48 | ) | (1.74 | ) | (1.35 | ) | |||||||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | 3.43 | 7.34 | 4.26 | 3.64 | 3.65 | 0.54 | 1.17 | ||||||||||||||||||||||||||||||
Net income/(loss) | 0.14 | 4.45 | 1.29 | 1.16 | 1.18 | (0.99 | ) | 0.08 | |||||||||||||||||||||||||||||
Net asset value, September 30, 2012 | $ | 122.79 | $ | 112.58 | $ | 156.3 | $ | 130.15 | $ | 129.72 | $ | 85.3 | $ | 107.12 | |||||||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -6.26 | % | -27.55 | % | -3.24 | % | -3.24 | % | -3.24 | % | -7 | % | -3.98 | % | |||||||||||||||||||||||
Expenses before incentive fees (6) | 4.88 | % | 26.34 | % | 1.86 | % | 1.86 | % | 6.24 | % | 7.92 | % | 4.91 | % | |||||||||||||||||||||||
Expenses after incentive fees (6) | 6.3 | % | 27.76 | % | 3.28 | % | 3.28 | % | 7.67 | % | 7.95 | % | 4.93 | % | |||||||||||||||||||||||
Total return before incentive fees (2) | 1.54 | % | 5.54 | % | 2.25 | % | 2.32 | % | 2.34 | % | -1.13 | % | 0.1 | % | |||||||||||||||||||||||
Total return after incentive fees (2) | 0.11 | % | 4.12 | % | 0.83 | % | 0.9 | % | 0.92 | % | -1.15 | % | 0.07 | % | |||||||||||||||||||||||
Winton Series | Frontier Heritage Series (5) | ||||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 1 | Class 2 | ||||||||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, June 30, 2012 | $ | 131.72 | $ | 157.12 | $ | 96.05 | $ | 120.78 | |||||||||||||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.38 | 0.46 | 0.13 | 0.16 | |||||||||||||||||||||||||||||||||
Expenses | (2.03 | ) | (1.23 | ) | (1.87 | ) | (1.39 | ) | |||||||||||||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | 1.66 | 1.93 | 4.49 | 5.58 | |||||||||||||||||||||||||||||||||
Net income/(loss) | 0.01 | 1.16 | 2.75 | 4.35 | |||||||||||||||||||||||||||||||||
Net asset value, September 30, 2012 | $ | 131.73 | $ | 158.28 | $ | 98.8 | $ | 125.13 | |||||||||||||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -4.98 | % | -1.95 | % | -7.19 | % | -4.04 | % | |||||||||||||||||||||||||||||
Expenses before incentive fees (6) | 6.13 | % | 3.1 | % | 7.72 | % | 4.57 | % | |||||||||||||||||||||||||||||
Expenses after incentive fees (6) | 6.13 | % | 3.1 | % | 7.72 | % | 4.57 | % | |||||||||||||||||||||||||||||
Total return before incentive fees (2) | 0.01 | % | 0.74 | % | 2.86 | % | 3.6 | % | |||||||||||||||||||||||||||||
Total return after incentive fees (2) | 0.01 | % | 0.74 | % | 2.86 | % | 3.6 | % | |||||||||||||||||||||||||||||
-1 | Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. | ||||||||||||||||||||||||||||||||||||
-2 | Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. | ||||||||||||||||||||||||||||||||||||
-3 | Annualized with the exception of incentive fees. | ||||||||||||||||||||||||||||||||||||
-4 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||||||
-5 | Formerly the Winton/Graham Series. | ||||||||||||||||||||||||||||||||||||
-6 | Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. | ||||||||||||||||||||||||||||||||||||
-7 | All remaining Class 1a Units were exchanged for Class 3a Units. | ||||||||||||||||||||||||||||||||||||
-8 | All remaining Class 1 Units were exchanged for Class 3 Units. | ||||||||||||||||||||||||||||||||||||
Frontier Diversified Series | Frontier Masters Series | Frontier Long/Short Commodity Series (8) | |||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 1 | Class 2 | Class 1 | Class 2 | Class 3 | Class 1a | Class 2a | |||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, December 31, 2011 | $ | 99.4 | $ | 103.96 | $ | 100.25 | $ | 104.83 | $ | 136.13 | $ | 161.97 | $ | 161.96 | $ | 121.71 | $ | 127.23 | |||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 1.29 | 1.35 | 1.46 | 1.54 | 2.01 | 2.06 | 2.41 | 1.83 | 2.15 | ||||||||||||||||||||||||||||
Expenses | (6.87 | ) | (5.51 | ) | (6.40 | ) | (5.00 | ) | (10.98 | ) | (8.71 | ) | (10.19 | ) | (9.98 | ) | (9.09 | ) | |||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | 4 | 3.85 | 9.61 | 9.79 | 8.24 | 9.96 | 11.15 | 9.86 | 10.36 | ||||||||||||||||||||||||||||
Net income/(loss) | (1.58 | ) | (0.30 | ) | 4.67 | 6.34 | (0.72 | ) | 3.31 | 3.37 | 1.71 | 3.41 | |||||||||||||||||||||||||
Net asset value, September 30, 2012 | $ | 97.82 | $ | 103.66 | $ | 104.92 | $ | 111.17 | $ | 135.41 | $ | 165.28 | $ | 165.33 | $ | 123.42 | $ | 130.64 | |||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -6.71 | % | -4.53 | % | -6.23 | % | -4.06 | % | -10.8 | % | -5.27 | % | -5.91 | % | -8.41 | % | -6.51 | % | |||||||||||||||||||
Expenses before incentive fees (6) | 6.02 | % | 3.85 | % | 7.29 | % | 5.13 | % | 11.99 | % | 5.45 | % | 6.38 | % | 8.9 | % | 7.25 | % | |||||||||||||||||||
Expenses after incentive fees (6) | 8.43 | % | 6.27 | % | 8.17 | % | 6.01 | % | 13.5 | % | 6.96 | % | 7.89 | % | 10.41 | % | 8.76 | % | |||||||||||||||||||
Total return before incentive fees (2) | 0.82 | % | 2.12 | % | 5.54 | % | 6.93 | % | 0.98 | % | 3.56 | % | 3.59 | % | 2.92 | % | 4.19 | % | |||||||||||||||||||
Total return after incentive fees (2) | -1.59 | % | -0.29 | % | 4.66 | % | 6.05 | % | -0.53 | % | 2.04 | % | 2.08 | % | 1.4 | % | 2.68 | % | |||||||||||||||||||
Balanced Series (7) | Frontier Select Series (4) | Currency Series | |||||||||||||||||||||||||||||||||||
Class 1 | Class 1a | Class 2 | Class 2a | Class 3a | Class 1 | Class 2 | Class 1 | Class 2 | |||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, December 31, 2011 | $ | 124.5 | $ | 108.45 | $ | 155.02 | $ | 128.35 | $ | 128.36 | $ | 91.02 | $ | 111.84 | $ | 70.48 | $ | 87.61 | |||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 0.11 | 0.09 | 0.14 | 0.11 | 0.11 | 0.4 | 0.5 | 0 | 0 | ||||||||||||||||||||||||||||
Expenses | (7.93 | ) | (6.87 | ) | (6.50 | ) | (5.37 | ) | (5.40 | ) | (5.07 | ) | (3.84 | ) | (1.90 | ) | (0.48 | ) | |||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | 6.11 | 10.89 | 7.63 | 7.05 | 6.64 | (1.05 | ) | (1.37 | ) | (4.44 | ) | (5.54 | ) | ||||||||||||||||||||||||
Net income/(loss) | (1.71 | ) | 4.13 | 1.28 | 1.8 | 1.36 | (5.72 | ) | (4.72 | ) | (6.34 | ) | (6.02 | ) | |||||||||||||||||||||||
Net asset value, September 30, 2012 | $ | 122.79 | $ | 112.58 | $ | 156.3 | $ | 130.15 | $ | 129.72 | $ | 85.3 | $ | 107.12 | $ | 64.14 | $ | 81.59 | |||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -7.47 | % | -9.21 | % | -4.53 | % | -4.52 | % | -4.53 | % | -6.78 | % | -3.92 | % | -3.59 | % | -0.72 | % | |||||||||||||||||||
Expenses before incentive fees (6) | 4.82 | % | 6.59 | % | 1.88 | % | 1.87 | % | 1.88 | % | 7.18 | % | 4.33 | % | 3.59 | % | 0.72 | % | |||||||||||||||||||
Expenses after incentive fees (6) | 7.59 | % | 9.37 | % | 4.65 | % | 4.64 | % | 4.65 | % | 7.37 | % | 4.52 | % | 3.59 | % | 0.72 | % | |||||||||||||||||||
Total return before incentive fees (2) | 1.4 | % | 6.58 | % | 3.6 | % | 4.17 | % | 3.83 | % | -6.1 | % | -4.03 | % | -9 | % | -6.87 | % | |||||||||||||||||||
Total return after incentive fees (2) | -1.37 | % | 3.81 | % | 0.83 | % | 1.4 | % | 1.06 | % | -6.28 | % | -4.22 | % | -9 | % | -6.87 | % | |||||||||||||||||||
Winton Series | Frontier Heritage Series (5) | ||||||||||||||||||||||||||||||||||||
Class 1 | Class 2 | Class 1 | Class 2 | ||||||||||||||||||||||||||||||||||
Per unit operating performance (1) | |||||||||||||||||||||||||||||||||||||
Net asset value, December 31, 2011 | $ | 141.13 | $ | 165.82 | $ | 104.73 | $ | 129.7 | |||||||||||||||||||||||||||||
Net operating results: | |||||||||||||||||||||||||||||||||||||
Interest income | 1.12 | 1.33 | 0.33 | 0.41 | |||||||||||||||||||||||||||||||||
Expenses | (6.13 | ) | (3.63 | ) | (6.00 | ) | (4.61 | ) | |||||||||||||||||||||||||||||
Net gain/(loss) on investments, net of non-controlling interests | (4.40 | ) | (5.25 | ) | (0.26 | ) | (0.37 | ) | |||||||||||||||||||||||||||||
Net income/(loss) | (9.40 | ) | (7.54 | ) | (5.93 | ) | (4.57 | ) | |||||||||||||||||||||||||||||
Net asset value, September 30, 2012 | $ | 131.73 | $ | 158.28 | $ | 98.8 | $ | 125.13 | |||||||||||||||||||||||||||||
Ratios to average net assets (3) | |||||||||||||||||||||||||||||||||||||
Net investment income/(loss) | -4.72 | % | -1.84 | % | -7.22 | % | -4.32 | % | |||||||||||||||||||||||||||||
Expenses before incentive fees (6) | 5.78 | % | 2.91 | % | 7.63 | % | 4.74 | % | |||||||||||||||||||||||||||||
Expenses after incentive fees (6) | 5.78 | % | 2.91 | % | 7.63 | % | 4.74 | % | |||||||||||||||||||||||||||||
Total return before incentive fees (2) | -6.66 | % | -4.55 | % | -5.66 | % | -3.52 | % | |||||||||||||||||||||||||||||
Total return after incentive fees (2) | -6.66 | % | -4.55 | % | -5.66 | % | -3.52 | % | |||||||||||||||||||||||||||||
-1 | Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. | ||||||||||||||||||||||||||||||||||||
-2 | Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. | ||||||||||||||||||||||||||||||||||||
-3 | Annualized with the exception of incentive fees. | ||||||||||||||||||||||||||||||||||||
-4 | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||||||
-5 | Formerly the Winton/Graham Series. | ||||||||||||||||||||||||||||||||||||
-6 | Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. | ||||||||||||||||||||||||||||||||||||
-7 | All remaining Class 1a Units were exchanged for Class 3a Units. | ||||||||||||||||||||||||||||||||||||
-8 | All remaining Class 1 Units were exchanged for Class 3 Units. | ||||||||||||||||||||||||||||||||||||
The Frontier Fund [Member] | ' | ||||||||||||||||||||||||||||||||||||
Financial Highlights of the Trust | ' | ||||||||||||||||||||||||||||||||||||
The following information presents the financial highlights of the Trust for the three and nine months ended September 30, 2013 and 2012. This data has been derived from the information presented in the consolidated financial statements. | |||||||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||
Nine Months Ended | |||||||||||||||||||||||||||||||||||||
Ratios to average net assets (1) | |||||||||||||||||||||||||||||||||||||
Net investment gain/(loss) (1) | -4.29 | % | -6.23 | % | |||||||||||||||||||||||||||||||||
Expenses before incentive fees (3) | -5.23 | % | -5.29 | % | |||||||||||||||||||||||||||||||||
Expenses after incentive fees (3) | -5.43 | % | -7.2 | % | |||||||||||||||||||||||||||||||||
Total return before incentive fees (2) | -12.28 | % | 0.88 | % | |||||||||||||||||||||||||||||||||
Total return after incentive fees (2) | -12.48 | % | -1.03 | % | |||||||||||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||||||||||||||
Three Months Ended | |||||||||||||||||||||||||||||||||||||
Ratios to average net assets (1) | |||||||||||||||||||||||||||||||||||||
Net investment gain/(loss) (1) | -4.08 | % | -5.43 | % | |||||||||||||||||||||||||||||||||
Expenses before incentive fees (3) | -5.32 | % | -5.28 | % | |||||||||||||||||||||||||||||||||
Expenses after incentive fees (3) | -5.32 | % | -6.28 | % | |||||||||||||||||||||||||||||||||
Total return before incentive fees (2) | -6.81 | % | 2.45 | % | |||||||||||||||||||||||||||||||||
Total return after incentive fees (2) | -6.81 | % | 1.45 | % | |||||||||||||||||||||||||||||||||
-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 Statements of Operations of the Series. See footnore 5. |
Derivative_Instruments_and_Hed1
Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Monthly Averages of Futures Contracts | ' | ||||||||||||
The following tables summarize the monthly averages of futures contracts bought and sold for each respective Series of the Trust: | |||||||||||||
For The Three Months Ended September 30, 2013 | |||||||||||||
Monthly average contracts: | Bought | Sold | |||||||||||
Frontier Long/Short Commodity Series | 2,500 | 2,879 | |||||||||||
Balanced Series | 3,338 | 3,090 | |||||||||||
For The Nine Months Ended September 30, 2013 | |||||||||||||
Monthly average contracts: | Bought | Sold | |||||||||||
Frontier Long/Short Commodity Series | 9,663 | 10,026 | |||||||||||
Balanced Series | 19,280 | 19,916 | |||||||||||
Diversified Series | 8 | 29 | |||||||||||
For The Three Months Ended September 30, 2012 | |||||||||||||
Monthly average contracts: | Bought | Sold | |||||||||||
Frontier Long/Short Commodity Series | 3,308 | 3,232 | |||||||||||
Balanced Series | 16,100 | 15,192 | |||||||||||
Frontier Masters Series | 728 | 692 | |||||||||||
For The Nine Months Ended September 30, 2012 | |||||||||||||
Monthly average contracts: | Bought | Sold | |||||||||||
Frontier Long/Short Commodity Series | 12,808 | 14,032 | |||||||||||
Balanced Series | 35,400 | 37,492 | |||||||||||
Diversified Series | 1,628 | 1,392 | |||||||||||
Realized Trading Revenue from Futures, Forwards and Options | ' | ||||||||||||
The following tables summarize the trading revenues for the nine and three months ended September 30, 2013 and 2012 by contract type: | |||||||||||||
Realized Trading Revenue from Futures, Forwards and Options | |||||||||||||
for the Three Months Ended September 30, 2013 | |||||||||||||
Frontier Long/Short | |||||||||||||
Type of contract | Commodity Series | Balanced Series | Diversified Series | ||||||||||
Metals | $ | (578,871 | ) | $ | (510,734 | ) | $ | — | |||||
Currencies | (107,754 | ) | (763,525 | ) | — | ||||||||
Energies | (4,807,731 | ) | 143,757 | — | |||||||||
Agriculturals | (235,520 | ) | (602,859 | ) | — | ||||||||
Interest rates | (933,919 | ) | 2,847,561 | — | |||||||||
Stock indices | 538,242 | 69,417 | — | ||||||||||
Realized trading income/(loss)(2) | $ | (6,125,553 | ) | $ | 1,183,617 | $ | — | ||||||
Realized Trading Revenue from Futures, Forwards and Options | |||||||||||||
for the Nine Months Ended September, 2013 | |||||||||||||
Frontier Long/Short | |||||||||||||
Type of contract | Commodity Series | Balanced Series | Diversified Series | ||||||||||
Metals | $ | (1,422,087 | ) | $ | 3,773,562 | $ | (630,122 | ) | |||||
Currencies | 611,059 | (3,026,628 | ) | 1,300,655 | |||||||||
Energies | (7,454,776 | ) | (4,634,133 | ) | (3,465 | ) | |||||||
Agriculturals | (756,506 | ) | (4,192,086 | ) | 8,936 | ||||||||
Interest rates | 745,377 | (7,701,383 | ) | (88,186 | ) | ||||||||
Stock indices | 2,020,392 | 14,089,121 | 146,263 | ||||||||||
Realized trading income/(loss)(2) | $ | (6,256,541 | ) | $ | (1,691,547 | ) | $ | 734,081 | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | |||||||||||||
for the Three Months Ended September 30, 2013 | |||||||||||||
Frontier Long/Short | |||||||||||||
Type of contract | Commodity Series | Balanced Series | Diversified Series | ||||||||||
Metals | $ | 11,852 | $ | (782,565 | ) | $ | — | ||||||
Currencies | (79,163 | ) | 47,821 | — | |||||||||
Energies | 3,968,251 | (249,184 | ) | — | |||||||||
Agriculturals | (485,107 | ) | (314,017 | ) | — | ||||||||
Interest rates | 193,720 | 660,515 | — | ||||||||||
Stock indices | (166,426 | ) | (819,898 | ) | — | ||||||||
Change in unrealized trading income/(loss)(3) | $ | 3,443,127 | $ | (1,457,328 | ) | $ | — | ||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | |||||||||||||
for the Nine Months Ended September 30, 2013 | |||||||||||||
Frontier Long/Short | |||||||||||||
Type of contract | Commodity Series | Balanced Series | Diversified Series | ||||||||||
Metals | $ | 267,939 | $ | 3,276,949 | $ | 608,392 | |||||||
Currencies | (290,944 | ) | (2,720,964 | ) | (1,191,389 | ) | |||||||
Energies | 2,247,845 | (1,905,647 | ) | 2,210 | |||||||||
Agriculturals | (77,320 | ) | 192,134 | (21,226 | ) | ||||||||
Interest rates | (1,557,340 | ) | 315,767 | 79,060 | |||||||||
Stock indices | (537,723 | ) | 584,436 | (43,824 | ) | ||||||||
Change in unrealized trading income/(loss)(3) | $ | 52,457 | $ | (257,325 | ) | $ | (566,777 | ) | |||||
-1 | The Frontier Diversified Series, Frontier Masters Series, Frontier Select Series (formerly Tiverton/Graham/Transtrend), Frontier Winton Series, and Frontier Heritage Series (formerly Winton/Graham Series) participate in trading activities through equity in earnings/(loss) from trading companies. The Diversified Series began consolidating the Frontier Trading Company V as of March 8, 2013. | ||||||||||||
-2 | Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures, forwards and options. | ||||||||||||
-3 | Amounts recorded in the Statements of Operations under Net change in open trade equity (deficit). | ||||||||||||
Realized Trading Revenue from Futures, Forwards and Options | |||||||||||||
for the Three Months Ended September 30, 2012 (1) | |||||||||||||
Frontier Long/Short | Frontier Masters | ||||||||||||
Type of contract | Commodity Series | Series | Balanced Series | ||||||||||
Metals | $ | 1,035,617 | $ | (83,958 | ) | $ | (999,514 | ) | |||||
Currencies | (223,060 | ) | 644,753 | 7,244,212 | |||||||||
Energies | (36,916,109 | ) | (1,030,886 | ) | (2,887,295 | ) | |||||||
Agriculturals | (1,784,729 | ) | (160,749 | ) | (153,297 | ) | |||||||
Interest rates | (463,226 | ) | 479,790 | 12,318,263 | |||||||||
Stock indices | 1,066,555 | 777,791 | 3,920,788 | ||||||||||
Realized trading income/(loss)(2) | $ | (37,284,952 | ) | $ | 626,741 | $ | 19,443,157 | ||||||
Realized Trading Revenue from Futures, Forwards and Options | |||||||||||||
for the Nine Months Ended September 30, 2012 (1) | |||||||||||||
Frontier Long/Short | Frontier Masters | ||||||||||||
Type of contract | Commodity Series | Series | Balanced Series | ||||||||||
Metals | $ | (19,358,229 | ) | $ | 732,055 | $ | (568,809 | ) | |||||
Currencies | (8,956,393 | ) | 497,081 | 3,992,511 | |||||||||
Energies | (6,913,808 | ) | (849,482 | ) | (7,560,401 | ) | |||||||
Agriculturals | (5,969,527 | ) | 528,378 | (1,371,522 | ) | ||||||||
Interest rates | (10,717,684 | ) | 3,815,021 | 38,223,501 | |||||||||
Stock indices | 16,493,073 | (658,159 | ) | 1,032,951 | |||||||||
Realized trading income/(loss)(2) | $ | (35,422,568 | ) | $ | 4,064,894 | $ | 33,748,231 | ||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | |||||||||||||
for the Three Months Ended September 30, 2012 (1) | |||||||||||||
Frontier Long/Short | Frontier Masters | ||||||||||||
Type of contract | Commodity Series | Series | Balanced Series | ||||||||||
Metals | $ | 977,265 | $ | 198,371 | $ | (1,564,940 | ) | ||||||
Currencies | (49,765 | ) | (57,024 | ) | (2,430,043 | ) | |||||||
Energies | 33,718,036 | (105,715 | ) | 192,441 | |||||||||
Agriculturals | 6,164,516 | (8,816 | ) | (994,834 | ) | ||||||||
Interest rates | (367,133 | ) | 210,079 | 4,121,352 | |||||||||
Stock indices | (999,355 | ) | (395,190 | ) | (2,197,371 | ) | |||||||
Change in unrealized trading income/(loss)(3) | $ | 39,443,564 | $ | (158,295 | ) | $ | (2,873,395 | ) | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | |||||||||||||
for the Nine Months Ended September 30, 2012 (1) | |||||||||||||
Frontier Long/Short | Frontier Masters | ||||||||||||
Type of contract | Commodity Series | Series | Balanced Series | ||||||||||
Metals | $ | 6,203,747 | $ | 230,263 | $ | (331,441 | ) | ||||||
Currencies | 17,798,560 | (129,384 | ) | (342,917 | ) | ||||||||
Energies | 2,952,524 | (707,102 | ) | (1,032,360 | ) | ||||||||
Agriculturals | 10,232,405 | (231,283 | ) | (2,648,196 | ) | ||||||||
Interest rates | (4,147,506 | ) | 125,432 | 5,620,385 | |||||||||
Stock indices | 129,696 | (294,603 | ) | (1,602,508 | ) | ||||||||
Change in unrealized trading income/(loss)(3) | $ | 33,169,426 | $ | (1,006,677 | ) | $ | (337,037 | ) | |||||
-1 | The Frontier Diversified Series, Tiverton/Graham/Transtrend Series (formerly known as Berkeley/Graham/Tiverton Series), Winton/Graham Series and Winton Series participate in trading activities through equity in earnings/(loss) from trading companies. The Frontier Long/Short Commodity Series consolidated Frontier Trading Company XVIII as of May 15, 2012 and the Balanced Series consolidated the Frontier Trading Company XVIII prior to May 15, 2012. The Balanced Series consolidated Frontier Trading Company XIV, LLC as of June 20, 2011, Frontier Trading Company VI, LLC as of April 18, 2011 and Frontier Trading Company XXIII, LLLC as of July 7, 2012. | ||||||||||||
-2 | Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures, forwards and options. | ||||||||||||
-3 | Amounts recorded in the Statements of Operations under Net change in open trade equity. | ||||||||||||
Schedule of Derivative Instruments as Disclosed on Statement of Financial Condition | ' | ||||||||||||
The following tables present gross and net information about the Series’ assets and liabilities subject to master netting arrangements as disclosed on the statements of financial condition as of September 30, 2013 and December 31, 2012. | |||||||||||||
Offsetting of Derivative Assets and Liabilities | |||||||||||||
As of September 30, 2013 | |||||||||||||
Gross Amounts of | Gross Amounts of | Net Amounts of | |||||||||||
recognized | recognized | Derivative Assets | |||||||||||
Derivative Assets | Derivative Liabilities | and Liabilities | |||||||||||
Presented in the | |||||||||||||
Statements of | |||||||||||||
Financial Condition | |||||||||||||
Frontier Long/Short Commodity Series | |||||||||||||
Open Trade Equity/(Deficit) | $ | 324,075 | $ | (524,366 | ) | $ | (200,291 | ) | |||||
Options Written | — | (29,302 | ) | (29,302 | ) | ||||||||
Receivable from Futures Commissions Merchants | 11,641,316 | (4,719,275 | ) | 6,922,041 | |||||||||
Balanced Series | |||||||||||||
Open Trade Equity/(Deficit) | $ | 954,671 | $ | (1,152,345 | ) | $ | (197,674 | ) | |||||
Options Written | — | (467,791 | ) | (467,791 | ) | ||||||||
Receivable from Futures Commissions Merchants | 26,647,861 | (5,699,593 | ) | 20,948,268 | |||||||||
As of December 31, 2012 | |||||||||||||
Gross Amounts of | Gross Amounts of | Net Amounts of | |||||||||||
recognized | recognized | Derivative Assets | |||||||||||
Derivative Assets | Derivative Liabilities | and Liabilities | |||||||||||
Presented in the | |||||||||||||
Statements of | |||||||||||||
Financial Condition | |||||||||||||
Frontier Long/Short Commodity Series | |||||||||||||
Open Trade Equity/(Deficit) | $ | 3,314,175 | $ | (4,133,710 | ) | $ | (819,535 | ) | |||||
Options Written | — | (928,690 | ) | (928,690 | ) | ||||||||
Receivable from Futures Commissions Merchants | 22,276,098 | (7,505,125 | ) | 14,770,973 | |||||||||
Balanced Series | |||||||||||||
Open Trade Equity/(Deficit) | $ | 4,215,436 | $ | (4,887,947 | ) | $ | (672,511 | ) | |||||
Options Written | — | (165,363 | ) | (165,363 | ) | ||||||||
Receivable from Futures Commissions Merchants | 98,277,094 | (6,233,501 | ) | 92,043,59 | |||||||||
The Frontier Fund [Member] | ' | ||||||||||||
Realized Trading Revenue from Futures, Forwards and Options | ' | ||||||||||||
The following tables summarize the trading revenues for the three and nine months ended September 30, 2013 and 2012 by contract type: | |||||||||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | |||||||||||||
for the Three Months Ended September 30, 2013 | |||||||||||||
Type of contract | |||||||||||||
Metals | $ | (9,845,278 | ) | ||||||||||
Currencies | 5,886,547 | ||||||||||||
Energies | 4,049,891 | ||||||||||||
Agriculturals | (189,046 | ) | |||||||||||
Interest rates | 4,704,003 | ||||||||||||
Stock indices | (1,890,055 | ) | |||||||||||
Change in unrealized trading income/(loss)(1) | $ | 2,716,062 | |||||||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | |||||||||||||
for the Nine Months Ended September 30, 2013 | |||||||||||||
Type of contract | |||||||||||||
Metals | $ | 6,049,692 | |||||||||||
Currencies | 227,765 | ||||||||||||
Energies | (409,807 | ) | |||||||||||
Agriculturals | 1,089,106 | ||||||||||||
Interest rates | (1,408,414 | ) | |||||||||||
Stock indices | (3,968,543 | ) | |||||||||||
Change in unrealized trading income/(loss)(1) | $ | 1,579,799 | |||||||||||
-1 | Amounts recorded in the Consolidate Statement of Operations under net change in open trade equity (deficit), at fair value. | ||||||||||||
Realized Trading Revenue from Futures, Forwards and Options | |||||||||||||
for the Three Months Ended September 30, 2013 | |||||||||||||
Type of contract | |||||||||||||
Metals | $ | (1,256,538 | ) | ||||||||||
Currencies | (12,540,668 | ) | |||||||||||
Energies | (4,070,454 | ) | |||||||||||
Agriculturals | (525,818 | ) | |||||||||||
Interest rates | (7,030,426 | ) | |||||||||||
Stock indices | 6,886,848 | ||||||||||||
Realized trading income/(loss)(1) | $ | (18,537,056 | ) | ||||||||||
Realized Trading Revenue from Futures, Forwards and Options | |||||||||||||
for the Nine Months Ended September 30, 2013 | |||||||||||||
Type of contract | |||||||||||||
Metals | $ | 4,605,553 | |||||||||||
Currencies | (19,298,175 | ) | |||||||||||
Energies | (15,517,220 | ) | |||||||||||
Agriculturals | (3,694,199 | ) | |||||||||||
Interest rates | (33,752,578 | ) | |||||||||||
Stock indices | 36,447,322 | ||||||||||||
Realized trading income/(loss)(1) | $ | (31,209,297 | ) | ||||||||||
-1 | Amounts recorded in the 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 September 30, 2012 (2) | |||||||||||||
Type of contract | |||||||||||||
Metals | $ | (649,307 | ) | ||||||||||
Currencies | 7,835,846 | ||||||||||||
Energies | (42,758,157 | ) | |||||||||||
Agriculturals | 324,580 | ||||||||||||
Interest rates | 12,963,102 | ||||||||||||
Stock indices | 8,252,917 | ||||||||||||
Realized trading income/(loss)(1) | $ | (14,031,019 | ) | ||||||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | |||||||||||||
for the Three Months Ended September 30, 2012 (2) | |||||||||||||
Type of contract | |||||||||||||
Metals | $ | (2,999,805 | ) | ||||||||||
Currencies | (2,974,438 | ) | |||||||||||
Energies | 35,116,173 | ||||||||||||
Agriculturals | 3,858,004 | ||||||||||||
Interest rates | 8,135,147 | ||||||||||||
Stock indices | (4,739,678 | ) | |||||||||||
Change in unrealized trading income/(loss)(2) | $ | 36,395,403 | |||||||||||
-1 | In the Consolidated Statement of Operations under net realized gain/(loss) on futures, forwards and options | ||||||||||||
-2 | In the Consolidated Statement of Operations under net change in open trade equity (deficit), at fair value. | ||||||||||||
Realized Trading Revenue from Futures, Forwards and Options | |||||||||||||
for the Nine Months Ended September 30, 2012 (1) | |||||||||||||
Type of contract | |||||||||||||
Metals | $ | (15,791,452 | ) | ||||||||||
Currencies | (6,365,741 | ) | |||||||||||
Energies | (23,685,527 | ) | |||||||||||
Agriculturals | (2,695,834 | ) | |||||||||||
Interest rates | 47,939,795 | ||||||||||||
Stock indices | 6,092,258 | ||||||||||||
Realized trading income/(loss)(1) | $ | 5,493,499 | |||||||||||
Net Change in Open Trade Equity from Futures, Forwards and Options | |||||||||||||
for the Nine Months Ended September 30, 2012 (2) | |||||||||||||
Type of contract | |||||||||||||
Metals | $ | 3,720,493 | |||||||||||
Currencies | 14,487,416 | ||||||||||||
Energies | 529,216 | ||||||||||||
Agriculturals | 5,288,536 | ||||||||||||
Interest rates | 5,776,926 | ||||||||||||
Stock indices | (4,485,740 | ) | |||||||||||
Change in unrealized trading income/(loss)(2) | $ | 25,316,847 | |||||||||||
-1 | In the Consolidated Statement of Operations under net realized gain/(loss) on futures, forwards and options | ||||||||||||
-2 | In the Consolidated Statement of Operations under net change in open trade equity (deficit), at fair value. | ||||||||||||
Summary of Derivative Assets and Liabilities Disclosed on 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 statements of financial condition as of September 30, 2013 and December 31, 2012: | |||||||||||||
Offsetting of Derivative Assets and Liabilities | |||||||||||||
As of September 30, 2013 | |||||||||||||
Gross Amounts | Gross Amounts of | Net Amounts of | |||||||||||
of recognized | recognized Derivative | Derivative Assets | |||||||||||
Derivative Assets | Liabilities | and Liabilities | |||||||||||
Presented in the | |||||||||||||
Statements of | |||||||||||||
Financial Condition | |||||||||||||
Open Trade Equity/(Deficit) | $ | 7,790,953 | $ | (847,761 | ) | $ | 6,943,192 | ||||||
Options Written | — | (1,586,908 | ) | (1,586,908 | ) | ||||||||
Receivable from Futures Commissions Merchants | 150,657,924 | (83,917,517 | ) | 66,740,407 | |||||||||
As of December 31, 2012 | |||||||||||||
Gross Amounts | Gross Amounts of | Net Amounts of | |||||||||||
of recognized | recognized Derivative | Derivative Assets | |||||||||||
Derivative Assets | Liabilities | and Liabilities | |||||||||||
Presented in the | |||||||||||||
Statements of | |||||||||||||
Financial Condition | |||||||||||||
Open Trade Equity/(Deficit) | $ | 22,637,635 | $ | (10,520,986 | ) | $ | 12,116,649 | ||||||
Options Written | — | (4,199,198 | ) | (4,199,198 | ) | ||||||||
Receivable from Futures Commissions Merchants | 225,653,255 | (77,624,026 | ) | 148,029,229 |
Organization_and_Purpose_Addit
Organization and Purpose - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2013 | |
Organization [Line Items] | ' |
Managing owner contributions to the series of the trust | 1.00% |
Percentage of invested assets manages by trading company | 100.00% |
The Frontier Fund [Member] | ' |
Organization [Line Items] | ' |
Managing owner contributions to the series of the trust | 1.00% |
Minimum [Member] | ' |
Organization [Line Items] | ' |
Assets normally invested in one or more trading companies | 10.00% |
Minimum [Member] | The Frontier Fund [Member] | ' |
Organization [Line Items] | ' |
Assets normally invested in one or more trading companies | 10.00% |
Maximum [Member] | ' |
Organization [Line Items] | ' |
Assets normally invested in one or more trading companies | 30.00% |
Maximum [Member] | The Frontier Fund [Member] | ' |
Organization [Line Items] | ' |
Assets normally invested in one or more trading companies | 30.00% |
Class 2 or Class 2a [Member] | ' |
Organization [Line Items] | ' |
Service fee | 0.50% |
Service fee charged to limited owners | 0.25% |
Class 2 or Class 2a [Member] | The Frontier Fund [Member] | ' |
Organization [Line Items] | ' |
Service fee | 0.50% |
Service fee charged to limited owners | 0.25% |
Class 1 or Class 1a [Member] | ' |
Organization [Line Items] | ' |
Percentage of NAV charged as a service fees | 3.00% |
Amortized monthly annual rate | 3.00% |
Redemption fee | 3.00% |
Class 1 or Class 1a [Member] | The Frontier Fund [Member] | ' |
Organization [Line Items] | ' |
Percentage of NAV charged as a service fees | 3.00% |
Amortized monthly annual rate | 3.00% |
Redemption fee | 3.00% |
Significant_Accounting_Policie2
Significant Accounting Policies - Additional Information (Detail) (USD $) | 1 Months Ended | 9 Months Ended | ||||||||
In Millions, unless otherwise specified | Jul. 31, 2013 | Jun. 30, 2013 | Apr. 30, 2013 | Nov. 30, 2012 | Oct. 31, 2012 | Jan. 31, 2012 | Aug. 31, 2011 | Jul. 31, 2011 | 31-May-11 | Sep. 30, 2013 |
Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest allocated to each Series is paid to the Managing Owner | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% |
Maturity period | ' | ' | ' | ' | ' | ' | ' | ' | ' | '9 months |
Penalties and other costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% |
Withdrawal fee from nine months to one year subsequent to the deposit date | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.23% |
Decreases in withdrawal fee each year after through the maturity date | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.05% |
Trust redeemed amount | $15 | $20 | $35 | $5 | $16 | $25 | $50 | $25 | $25 | ' |
Liquidation of investment tranche | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.17% |
Additional Liquidation of investment tranche | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100 |
Liquidation of tranche | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.75% |
Guaranteed fixed interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.75% |
Class 1 or Class 1a [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of NAV charged as a service fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% |
Amortized monthly annual rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% |
Redemption fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% |
Class 2 or Class 2a [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Service fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% |
Class 2 [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Service fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25% |
US Treasury Securities [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Treasury securities liquidation date | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30-Sep-13 |
The Frontier Fund [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest allocated to each Series is paid to the Managing Owner | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% |
Maturity period | ' | ' | ' | ' | ' | ' | ' | ' | ' | '9 months |
Penalties and other costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% |
Withdrawal fee from nine months to one year subsequent to the deposit date | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.23% |
Decreases in withdrawal fee each year after through the maturity date | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.05% |
Trust redeemed amount | ' | ' | 35 | 5 | 16 | 25 | 50 | 25 | 25 | ' |
Liquidation of investment tranche | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.17% |
Additional Liquidation of investment tranche | ' | ' | ' | ' | ' | ' | ' | ' | ' | $100 |
Liquidation of tranche | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.75% |
Guaranteed fixed interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.75% |
Investment liquidated date | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20-Mar-12 |
The Frontier Fund [Member] | Class 1 or Class 1a [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of NAV charged as a service fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% |
Amortized monthly annual rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% |
Redemption fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% |
The Frontier Fund [Member] | Class 2 or Class 2a [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Service fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% |
The Frontier Fund [Member] | Class 2 [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Service fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25% |
The Frontier Fund [Member] | US Treasury Securities [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Treasury securities liquidation date | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30-Sep-13 |
Minimum [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross income of the Trust constitutes qualifying income | ' | ' | ' | ' | ' | ' | ' | ' | ' | 90.00% |
Minimum [Member] | The Frontier Fund [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross income of the Trust constitutes qualifying income | ' | ' | ' | ' | ' | ' | ' | ' | ' | 90.00% |
Fair_Value_Measurements_Financ
Fair Value Measurements - Financial Asset Portfolio, by Series, Measured at Fair Value on Recurring Basis (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
The Frontier Fund [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Options written, at fair value | ($1,586,908) | ($4,199,198) | ||
Swap Contracts | 17,152,321 | 22,289,479 | ||
U.S. Treasury Securities | ' | 18,001,322 | ||
Fair Value, Measurements, Recurring [Member] | The Frontier Fund [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Open Trade Equity (Deficit) | 6,943,192 | 12,116,649 | ||
Options written, at fair value | -1,586,908 | -4,199,198 | ||
Swap Contracts | 17,152,321 | 22,289,478 | ||
U.S. Treasury Securities | ' | 18,001,322 | ||
Frontier Diversified Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Swap Contracts | 2,413,658 | ' | ||
Investments in unconsolidated trading companies, at fair value | 19,964,338 | 42,826,426 | ||
U.S. Treasury Securities | ' | 3,853,000 | ||
Frontier Masters Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 8,927,278 | 9,771,797 | ||
U.S. Treasury Securities | ' | 2,212,909 | ||
Frontier Long/Short Commodity Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Open Trade Equity (Deficit) | -200,291 | -819,535 | ||
Options written, at fair value | -29,302 | -928,690 | ||
Swap Contracts | 2,819,497 | ' | ||
Investments in unconsolidated trading companies, at fair value | ' | 3,675,238 | ||
U.S. Treasury Securities | ' | 2,388,540 | ||
Balanced Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Open Trade Equity (Deficit) | -197,674 | -672,511 | ||
Options written, at fair value | -467,791 | -165,363 | ||
Swap Contracts | 7,410,271 | 22,289,478 | ||
Investments in unconsolidated trading companies, at fair value | 17,588,160 | 20,193,128 | ||
U.S. Treasury Securities | ' | 5,951,633 | ||
Frontier Select Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 4,343,695 | 7,373,509 | ||
U.S. Treasury Securities | ' | 961,568 | [1] | |
Winton Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 6,712,629 | 6,865,965 | ||
U.S. Treasury Securities | ' | 1,808,547 | ||
Frontier Heritage Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 2,958,796 | 6,174,855 | ||
U.S. Treasury Securities | ' | [2] | 776,073 | [2] |
Level 1 Inputs [Member] | Fair Value, Measurements, Recurring [Member] | The Frontier Fund [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Open Trade Equity (Deficit) | 3,018,619 | -2,510,310 | ||
Options written, at fair value | ' | ' | ||
Swap Contracts | ' | ' | ||
U.S. Treasury Securities | ' | 18,001,322 | ||
Level 1 Inputs [Member] | Frontier Diversified Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 19,392,371 | 41,070,543 | ||
U.S. Treasury Securities | ' | 3,853,000 | ||
Level 1 Inputs [Member] | Frontier Masters Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 8,512,459 | 8,172,213 | ||
U.S. Treasury Securities | ' | 2,212,909 | ||
Level 1 Inputs [Member] | Frontier Long/Short Commodity Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Open Trade Equity (Deficit) | -439,574 | -3,720,855 | ||
Investments in unconsolidated trading companies, at fair value | ' | 3,661,455 | ||
U.S. Treasury Securities | ' | 2,388,540 | ||
Level 1 Inputs [Member] | Balanced Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Open Trade Equity (Deficit) | -804,699 | -1,111,681 | ||
Investments in unconsolidated trading companies, at fair value | 15,009,328 | 16,719,672 | ||
U.S. Treasury Securities | ' | 5,951,633 | ||
Level 1 Inputs [Member] | Frontier Select Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 3,015,214 | 5,981,225 | ||
U.S. Treasury Securities | ' | 961,568 | ||
Level 1 Inputs [Member] | Winton Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 6,471,321 | 6,820,010 | ||
U.S. Treasury Securities | ' | 1,808,547 | ||
Level 1 Inputs [Member] | Frontier Heritage Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 1,450,986 | 6,070,974 | ||
U.S. Treasury Securities | ' | 776,073 | ||
Level 2 Inputs [Member] | Fair Value, Measurements, Recurring [Member] | The Frontier Fund [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Open Trade Equity (Deficit) | 3,924,573 | 14,626,959 | ||
Options written, at fair value | -1,586,908 | -4,199,198 | ||
Swap Contracts | ' | ' | ||
U.S. Treasury Securities | ' | ' | ||
Level 2 Inputs [Member] | Frontier Diversified Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 571,967 | 1,755,883 | ||
Level 2 Inputs [Member] | Frontier Masters Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 414,819 | 1,599,584 | ||
Level 2 Inputs [Member] | Frontier Long/Short Commodity Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Open Trade Equity (Deficit) | 239,283 | 2,901,320 | ||
Options written, at fair value | -29,302 | -928,690 | ||
Investments in unconsolidated trading companies, at fair value | ' | 13,783 | ||
Level 2 Inputs [Member] | Balanced Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Open Trade Equity (Deficit) | 607,025 | 439,170 | ||
Options written, at fair value | -467,791 | -165,363 | ||
Investments in unconsolidated trading companies, at fair value | 689,796 | 3,473,456 | ||
Level 2 Inputs [Member] | Frontier Select Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 165,519 | 1,392,284 | ||
Level 2 Inputs [Member] | Winton Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 241,308 | 45,955 | ||
Level 2 Inputs [Member] | Frontier Heritage Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 54,106 | 103,881 | ||
Level 3 Inputs [Member] | Fair Value, Measurements, Recurring [Member] | The Frontier Fund [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Open Trade Equity (Deficit) | ' | ' | ||
Options written, at fair value | ' | ' | ||
Swap Contracts | 17,152,321 | 22,289,478 | ||
U.S. Treasury Securities | ' | ' | ||
Level 3 Inputs [Member] | Frontier Diversified Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Swap Contracts | 2,413,658 | ' | ||
Level 3 Inputs [Member] | Frontier Long/Short Commodity Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Swap Contracts | 2,819,497 | ' | ||
Level 3 Inputs [Member] | Balanced Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Swap Contracts | 7,410,271 | 22,289,478 | ||
Investments in unconsolidated trading companies, at fair value | 1,889,036 | ' | ||
Level 3 Inputs [Member] | Frontier Select Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 1,162,962 | ' | ||
Level 3 Inputs [Member] | Frontier Heritage Series [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | $1,453,704 | ' | ||
[1] | Formerly the Tiverton/Graham/Transtrend Series. | |||
[2] | Formerly the Winton/Graham Series. |
Fair_Value_Measurements_Change
Fair Value Measurements - Change in Level 3 Assets Measured at Fair Value on Recurring Basis (Detail) (USD $) | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Jan. 12, 2012 | |||||||||
The Frontier Fund [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Winton Series [Member] | Winton Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | |||||||||
The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | Level 3 Inputs [Member] | ||||||||||||||||||||||||||||||||||||||
Unconsolidated Trading Company [Member] | Swap [Member] | Swap [Member] | Swap [Member] | Unconsolidated Trading Company [Member] | Swap [Member] | Swap [Member] | Unconsolidated Trading Company [Member] | Swap [Member] | Swap [Member] | Swap [Member] | Unconsolidated Trading Company [Member] | Swap [Member] | Swap [Member] | Swap [Member] | Swap [Member] | Swap [Member] | Swap [Member] | Swap [Member] | Swap [Member] | Swap [Member] | |||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Balance of recurring Level 3 assets | ' | $22,289,479 | ' | $24,211,688 | ' | ' | ' | ' | ' | ' | ' | $131,004 | ' | ' | ' | ' | ' | ' | $30,381 | ' | ' | ' | ' | ' | $22,289,478 | ' | $23,819,312 | ' | ' | ' | ' | ' | ' | $34,397 | ' | ' | ' | ' | ' | $61,888 | ' | ' | ' | ' | ' | $57,225 | ' | ' | ' | ' | ' | ' | $74,898 | ||||||||
Included in earnings-realized | ' | -3,555,134 | -525,237 | ' | ' | ' | ' | ' | ' | ' | -106,862 | ' | ' | ' | ' | ' | ' | -30,602 | ' | ' | ' | ' | ' | ' | -3,554,723 | -175,294 | ' | ' | ' | ' | ' | ' | -34,232 | ' | ' | ' | ' | ' | -57,781 | ' | ' | ' | ' | ' | -55,669 | ' | ' | ' | ' | ' | ' | -58,693 | ' | ||||||||
Change in fair value of investments in unconsolidated trading companies | ' | ' | ' | ' | 5,709,980 | -3,123,724 | 13,058,787 | -5,278,098 | -369,546 | ' | ' | ' | 249,447 | [1] | -1,185,902 | [1] | -1,099,875 | [2] | -91,196 | [2] | -546,296 | ' | ' | 6,903,390 | 2,928,309 | 15,834,449 | 8,615,816 | 489,036 | ' | ' | ' | 1,021,631 | [3],[4] | -323,029 | [3] | -338,654 | [3] | 122,653 | [3] | -437,038 | ' | ' | 380,598 | -602,511 | -1,408,825 | 1,345,966 | ' | ' | 2,509,310 | -2,394,445 | 4,193,804 | -2,888,613 | ' | ' | 350,898 | 647,557 | 1,010,415 | 1,826,300 | ' | ' | ' |
Included in earnings-unrealized | ' | -2,763,657 | -1,387,160 | ' | ' | ' | ' | ' | ' | -986,342 | -23,719 | ' | ' | ' | ' | ' | ' | 943 | ' | ' | ' | ' | ' | ' | -225,707 | -1,334,945 | ' | ' | ' | ' | ' | ' | -2,448 | ' | ' | ' | ' | ' | -7,291 | ' | ' | ' | ' | ' | -2,775 | ' | ' | ' | ' | ' | -60,503 | -20,529 | ' | ||||||||
Purchases of investments | ' | 21,880,000 | ' | ' | ' | ' | ' | ' | 1,000,000 | 3,400,000 | ' | ' | ' | ' | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | 1,400,000 | 9,600,000 | ' | ' | ' | ' | ' | ' | 1,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,880,000 | ' | ' | ||||||||
Proceeds from sales of investments of unconsolidated trading companies | ' | -20,694,866 | -9,812 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -20,694,866 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Net change in ownership allocation of total return swaps | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,911 | ' | ' | -3,911 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Change in ownership allocation | ' | ' | ' | ' | ' | ' | ' | ' | -630,454 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Net change in ownership allocation of credit default swaps | ' | ' | ' | ' | ' | ' | ' | 423 | ' | ' | -423 | ' | ' | ' | ' | 722 | [2] | ' | -722 | ' | ' | ' | ' | 9,233 | ' | ' | -19,595 | ' | ' | ' | ' | -2,283 | [3] | ' | 2,283 | ' | ' | ' | ' | -3,184 | 3,184 | ' | ' | ' | ' | -1,219 | 1,219 | ' | ' | ' | ' | -4,324 | ' | 4,324 | ' | ||||||
Transfers in and/or out of Level 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Net change in allocation of total return swaps | 3,501 | -3,501 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Balance of recurring Level 3 assets | ' | $17,152,321 | $22,289,479 | $24,211,688 | ' | ' | ' | ' | ' | $2,413,658 | ' | $131,004 | ' | ' | ' | ' | $1,453,704 | ' | $30,381 | ' | ' | ' | ' | $1,889,036 | $7,410,271 | $22,289,478 | $23,819,312 | ' | ' | ' | ' | $1,162,962 | ' | $34,397 | ' | ' | ' | ' | ' | $61,888 | ' | ' | ' | ' | ' | $57,225 | ' | ' | ' | ' | $2,819,497 | ' | $74,898 | ||||||||
[1] | Formerly known as the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | Formerly the Winton/Graham Series. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[3] | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[4] | Class 3a operations began June 17, 2013. |
Swaps_Additional_Information_D
Swaps - Additional Information (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 06, 2013 | Dec. 31, 2012 | Apr. 18, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | |||
Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | Swaps [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | ||||||
Frontier Balanced RCW-1 Swap (U.S.) [Member] | Frontier Balanced RCW-1 Swap (U.S.) [Member] | Frontier Balanced RCW-1 Swap (U.S.) [Member] | Frontier Select CTA TRS Deutsche Bank Swap (U.S) [Member] | Frontier Select CTA TRS Deutsche Bank Swap (U.S) [Member] | ||||||||
Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | |||||||||
Derivatives, Fair Value [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Trust's assets deposited with over-the-counter counterparties | 5.10% | 4.00% | ' | ' | ' | ' | ' | 5.10% | 4.00% | |||
Investment Owned, Value | ' | ' | $17,785,733 | [1] | $16,353,609 | $17,785,733 | [2] | $4,341,257 | $4,503,745 | [2] | ' | ' |
[1] | See Notes to the Consolidated Financial Statements, Note 4. | |||||||||||
[2] | See Note 4 to the Financial Statements. |
Swaps_Trust_with_Respect_to_Se
Swaps - Trust, with Respect to Series, has Invested in Following Swaps (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | |||
The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Credit Default Swap [Member] | Credit Default Swap [Member] | Credit Default Swap [Member] | Credit Default Swap [Member] | Credit Default Swap [Member] | Credit Default Swap [Member] | Credit Default Swap [Member] | Credit Default Swap [Member] | Credit Default Swap [Member] | Credit Default Swap [Member] | Credit Default Swap [Member] | Credit Default Swap [Member] | Credit Default Swap [Member] | Credit Default Swap [Member] | Credit Default Swap [Member] | Credit Default Swap [Member] | Option Swap [Member] | Option Swap [Member] | Total Return Swap [Member] | Total Return Swap [Member] | Total Return Swap [Member] | Total Return Swap [Member] | Total Return Swap [Member] | Total Return Swap [Member] | Total Return Swap [Member] | Total Return Swap [Member] | Total Return Swap [Member] | Total Return Swap [Member] | Total Return Swap [Member] | Options And Swaps [Member] | Balanced Series Option Swap [Member] | |||
BNP Paribas [Member] | BNP Paribas [Member] | BNP Paribas [Member] | BNP Paribas [Member] | BNP Paribas [Member] | BNP Paribas [Member] | BNP Paribas [Member] | BNP Paribas [Member] | Societe Generale [Member] | Societe Generale [Member] | Societe Generale [Member] | Societe Generale [Member] | Societe Generale [Member] | Societe Generale [Member] | Societe Generale [Member] | Societe Generale [Member] | Societe Generale [Member] | Societe Generale [Member] | Deutsche Bank [Member] | Deutsche Bank [Member] | Deutsche Bank [Member] | Deutsche Bank [Member] | Deutsche Bank [Member] | Deutsche Bank [Member] | Deutsche Bank [Member] | DeutscheBank AG [Member] | DeutscheBank AG [Member] | DeutscheBank AG [Member] | DeutscheBank AG [Member] | Societe Generale [Member] | Societe Generale [Member] | |||||||||||||||||||||
The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Balanced Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Balanced Series [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Long/Short Commodity Series [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | ||||||||||||||||||||||||
Investment One [Member] | Investment Two [Member] | Investment Three [Member] | Investment Four [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||
Derivatives, Fair Value [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Notional Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $20,486,403 | ' | $23,551,287 | $31,180,925 | $54,591,769 | $25,500,000 | ' | $23,551,287 | $54,591,769 | $34,400,000 | $25,500,000 | $34,400,000 | $20,486,403 | ' | ||
Termination Date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20-Mar-12 | 20-Mar-12 | 20-Mar-12 | 20-Mar-12 | 20-Mar-12 | 20-Mar-12 | 20-Mar-12 | 20-Mar-12 | 20-Mar-12 | 20-Mar-12 | 20-Mar-12 | 20-Mar-12 | 20-Mar-12 | 20-Mar-12 | 20-Mar-12 | 20-Mar-12 | 21-Nov-14 | 21-Nov-14 | 30-Jun-16 | 30-Jun-16 | 26-Mar-18 | 2-Aug-18 | 2-Aug-18 | 30-Jun-16 | 30-Jun-16 | 2-Aug-18 | 7-Aug-18 | 2-Aug-18 | 7-Aug-18 | 21-Nov-14 | 21-Nov-14 | ||
Investee Returns | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'On Default | 'On Default | 'On Default | 'On Default | 'On Default | 'On Default | 'On Default | 'On Default | 'On Default | 'On Default | 'On Default | 'On Default | 'On Default | 'On Default | 'On Default | 'On Default | 'Total Returns | 'Total Returns | 'On Default | 'Total Returns | 'On Default | 'On Default | 'On Default | 'On Default | 'Total Returns | 'On Default | 'On Default | 'On Default | 'On Default | 'Total Returns | 'Total Returns | ||
Realized Gain/(Loss) | -1,646,391 | ' | -3,555,134 | -525,237 | -986,342 | ' | -106,862 | -55,669 | -60,503 | ' | -58,693 | -1,645,980 | ' | -3,554,723 | -175,294 | -34,232 | [1] | -57,781 | -30,602 | [2] | -407,283 | -83,850 | -44,412 | -45,848 | -133,362 | -26,333 | -45,616 | -23,131 | -117,954 | -23,012 | -11,257 | -12,845 | -41,932 | -7,899 | -12,165 | -7,471 | -1,645,980 | ' | -1,908,743 | ' | ' | ' | ' | -1,909,154 | ' | ' | ' | ' | ' | ' | -1,645,980 |
Unrealized Gain/(Loss) | -2,600,517 | 259,527 | -2,763,657 | 1,538,438 | ' | -986,342 | -23,719 | -2,775 | ' | -60,503 | -20,529 | -998,324 | 259,527 | -225,707 | 1,590,654 | -2,448 | [1] | -7,291 | 943 | [2] | -215,874 | -46,731 | -14,032 | -33,374 | -87,639 | -10,347 | -19,456 | -6,528 | 117,954 | 23,012 | 11,257 | 12,845 | 41,932 | 7,899 | 12,165 | 7,471 | 215,224 | 78,977 | 1,746,254 | -1,378,028 | -1,490,148 | -2,187,185 | -986,342 | 1,745,297 | -1,344,945 | -2,187,185 | -60,503 | -986,342 | -60,503 | 78,977 | 215,224 |
Fair Value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $17,785,734 | ' | $4,503,745 | $4,506,351 | $7,412,815 | $2,413,658 | ' | $4,503,744 | $7,410,271 | $2,819,497 | $2,413,658 | $2,819,497 | $17,785,733 | ' | ||
[1] | Formerly the Tiverton/Graham/Transtrend Series. | ||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | Formerly the Winton/Graham Series. |
Investments_in_Unconsolidated_2
Investments in Unconsolidated Trading Companies - Investments in Unconsolidated Trading Companies (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
Frontier Diversified Series [Member] | ' | ' | ||
Investment [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | $19,964,338 | $42,826,426 | ||
Frontier Diversified Series [Member] | Frontier Trading Companies I, II, VII, IX, XIV, XV, XXXIII and XXXIX [Member] | ' | ' | ||
Investment [Line Items] | ' | ' | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 29.37% | 37.18% | ||
Investments in unconsolidated trading companies, at fair value | 19,964,338 | 42,826,426 | ||
Frontier Masters Series [Member] | ' | ' | ||
Investment [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 8,927,278 | 9,771,797 | ||
Frontier Masters Series [Member] | Frontier Trading Companies II, XIV and XV [Member] | ' | ' | ||
Investment [Line Items] | ' | ' | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 23.77% | 18.98% | ||
Investments in unconsolidated trading companies, at fair value | 8,927,278 | 9,771,797 | ||
Frontier Long/Short Commodity Series [Member] | ' | ' | ||
Investment [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | ' | 3,675,238 | ||
Frontier Long/Short Commodity Series [Member] | Frontier Trading Companies I [Member] | ' | ' | ||
Investment [Line Items] | ' | ' | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | ' | 6.00% | ||
Investments in unconsolidated trading companies, at fair value | ' | 3,675,238 | ||
Balanced Series [Member] | ' | ' | ||
Investment [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 17,588,160 | 20,193,128 | ||
Balanced Series [Member] | Frontier Trading Companies II, VII, XIV, XV, XVIII, XXIII and XXXIX [Member] | ' | ' | ||
Investment [Line Items] | ' | ' | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 13.60% | 8.24% | ||
Investments in unconsolidated trading companies, at fair value | 17,588,160 | 20,193,128 | ||
Frontier Select Series [Member] | ' | ' | ||
Investment [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 4,343,695 | [1] | 7,373,509 | [1] |
Frontier Select Series [Member] | Frontier Trading Companies XV and XXXIX [Member] | ' | ' | ||
Investment [Line Items] | ' | ' | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 22.54% | 29.09% | ||
Investments in unconsolidated trading companies, at fair value | 4,343,695 | 7,373,509 | ||
Winton Series [Member] | ' | ' | ||
Investment [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 6,712,629 | 6,865,965 | ||
Winton Series [Member] | Frontier Trading Company II [Member] | ' | ' | ||
Investment [Line Items] | ' | ' | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 18.45% | 16.76% | ||
Investments in unconsolidated trading companies, at fair value | 6,712,629 | 6,865,965 | ||
Frontier Heritage Series [Member] | ' | ' | ||
Investment [Line Items] | ' | ' | ||
Investments in unconsolidated trading companies, at fair value | 2,958,796 | [2] | 6,174,855 | [2] |
Frontier Heritage Series [Member] | Frontier Trading Companies II and XXXIX [Member] | ' | ' | ||
Investment [Line Items] | ' | ' | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 19.72% | 29.75% | ||
Investments in unconsolidated trading companies, at fair value | $2,958,796 | $6,174,855 | ||
[1] | Formerly the Tiverton/Graham/Transtrend Series. | |||
[2] | Formerly the Winton/Graham Series. |
Investments_in_Unconsolidated_3
Investments in Unconsolidated Trading Companies - Equity in Earnings from Unconsolidated Trading Companies (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Frontier Trading Company II LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Net Income (Loss) | ($1,100,701) | $2,063,059 | $4,499,289 | ($4,836,371) |
Frontier Trading Company V LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Net Income (Loss) | ' | 1,258,445 | ' | 314,062 |
Frontier Trading Company XIV, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Net Income (Loss) | -7,391,467 | ' | -31,314,058 | ' |
Frontier Trading Company XV, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Net Income (Loss) | -5,280,943 | ' | -638,056 | ' |
Frontier Trading Company XXIII, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Net Income (Loss) | ' | ' | ' | ' |
Frontier Trading Company XXXIX, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Net Income (Loss) | -558,309 | ' | -1,493,649 | ' |
Series - Balanced [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -331,157 | -229,996 | -1,041,352 | -730,169 |
Realized Gain/(Loss) | -8,921,237 | -23,368,222 | -15,180,236 | -21,996,037 |
Change in Unrealized Gain/(Loss) | 2,349,004 | 20,669,909 | 387,139 | 14,110,400 |
Net Income (Loss) | -6,903,390 | -2,928,309 | -15,834,449 | -8,615,806 |
Series - Balanced [Member] | Frontier Trading Company I LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | ' | ' | ' | ' |
Realized Gain/(Loss) | ' | ' | ' | ' |
Change in Unrealized Gain/(Loss) | ' | ' | ' | ' |
Net Income (Loss) | ' | ' | ' | ' |
Series - Balanced [Member] | Frontier Trading Company II LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -9,318 | -14,301 | -33,765 | -49,697 |
Realized Gain/(Loss) | -560,883 | 70,125 | 1,282,222 | -652,377 |
Change in Unrealized Gain/(Loss) | 223,628 | 373,430 | 316,134 | -1,302,487 |
Net Income (Loss) | -346,573 | 429,254 | 1,564,591 | -2,004,561 |
Series - Balanced [Member] | Frontier Trading Company V LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | ' | -17,266 | -13,876 | -103,975 |
Realized Gain/(Loss) | ' | 845,162 | 1,530,384 | 769,589 |
Change in Unrealized Gain/(Loss) | ' | -665,782 | -272,459 | -636,783 |
Net Income (Loss) | ' | 162,114 | 1,244,049 | 28,831 |
Series - Balanced [Member] | Frontier Trading Company VII, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -92,999 | -192,209 | -396,883 | -545,241 |
Realized Gain/(Loss) | -3,300,304 | -24,332,527 | -2,545,172 | -22,610,306 |
Change in Unrealized Gain/(Loss) | 2,074,995 | 20,896,332 | 35,837 | 16,047,057 |
Net Income (Loss) | -1,318,308 | -3,628,403 | -2,906,218 | -7,108,490 |
Series - Balanced [Member] | Frontier Trading Company XIV, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -192,816 | ' | ' | ' |
Realized Gain/(Loss) | -5,398,107 | ' | ' | ' |
Change in Unrealized Gain/(Loss) | 2,531,471 | ' | ' | ' |
Net Income (Loss) | -3,059,452 | ' | ' | ' |
Series - Balanced [Member] | Frontier Trading Company XV, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -33,508 | ' | -472,744 | ' |
Realized Gain/(Loss) | 371,848 | ' | -14,503,646 | ' |
Change in Unrealized Gain/(Loss) | -2,216,125 | ' | 194,875 | ' |
Net Income (Loss) | -1,877,785 | ' | -14,781,515 | ' |
Series - Balanced [Member] | Frontier Trading Company XVIII, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -1,048 | -5,348 | -9,693 | -10,452 |
Realized Gain/(Loss) | -33,791 | 185,413 | -192,512 | 267,327 |
Change in Unrealized Gain/(Loss) | ' | 46,345 | -91,675 | -42,881 |
Net Income (Loss) | -34,839 | 226,410 | -293,880 | 213,994 |
Series - Balanced [Member] | Frontier Trading Company XXIII, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | ' | -872 | -3,526 | -20,804 |
Realized Gain/(Loss) | ' | -136,395 | -194,695 | 229,730 |
Change in Unrealized Gain/(Loss) | ' | 19,584 | 546 | 45,494 |
Net Income (Loss) | ' | -117,683 | -197,675 | 254,420 |
Series - Balanced [Member] | Frontier Trading Company XXXIX, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -1,468 | ' | -1,468 | ' |
Change in Unrealized Gain/(Loss) | -264,965 | ' | -569,218 | ' |
Net Income (Loss) | -266,433 | ' | -570,686 | ' |
Series - Balanced [Member] | Frontier Trading Company XVI, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | ' | ' | -109,397 | ' |
Realized Gain/(Loss) | ' | ' | -556,817 | ' |
Change in Unrealized Gain/(Loss) | ' | ' | 773,099 | ' |
Net Income (Loss) | ' | ' | 106,885 | ' |
Series - Winton [Member] | Frontier Trading Company II LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -11,655 | -11,442 | -37,129 | -39,805 |
Realized Gain/(Loss) | -666,174 | 24,971 | 1,261,438 | -531,851 |
Change in Unrealized Gain/(Loss) | 297,231 | 588,982 | 184,516 | -774,310 |
Net Income (Loss) | -380,598 | 602,511 | 1,408,825 | -1,345,966 |
Series - Frontier Select [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -25,165 | -55,922 | -84,830 | -195,221 |
Realized Gain/(Loss) | 85,305 | 1,339,580 | 1,029,694 | 3,284,573 |
Change in Unrealized Gain/(Loss) | -1,081,771 | -960,630 | -606,210 | -3,212,006 |
Net Income (Loss) | -1,021,631 | 323,029 | 338,654 | -122,654 |
Series - Frontier Select [Member] | Frontier Trading Company V LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | ' | -22,533 | -12,346 | -113,007 |
Realized Gain/(Loss) | ' | 1,102,656 | 1,188,592 | 2,510,500 |
Change in Unrealized Gain/(Loss) | ' | -865,374 | -78,854 | -2,450,908 |
Net Income (Loss) | ' | 214,749 | 1,097,392 | -53,415 |
Series - Frontier Select [Member] | Frontier Trading Company XV, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -24,262 | -20,157 | -71,581 | -53,677 |
Realized Gain/(Loss) | 85,305 | 62,519 | -158,898 | -399,398 |
Change in Unrealized Gain/(Loss) | -951,521 | -55,047 | -177,597 | -135,117 |
Net Income (Loss) | -890,478 | -12,684 | -408,076 | -588,192 |
Series - Frontier Select [Member] | Frontier Trading Company XXXIX, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -903 | ' | -903 | ' |
Change in Unrealized Gain/(Loss) | -130,250 | ' | -349,759 | ' |
Net Income (Loss) | -131,153 | ' | -350,662 | ' |
Series - Frontier Select [Member] | Frontier Trading Company XXI, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | ' | -13,232 | ' | -28,537 |
Realized Gain/(Loss) | ' | 174,405 | ' | 1,173,471 |
Change in Unrealized Gain/(Loss) | ' | -40,209 | ' | -625,981 |
Net Income (Loss) | ' | 120,964 | ' | 518,953 |
Series - Frontier Select [Member] | Frontier Trading Company VI LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | ' | ' | ' | ' |
Realized Gain/(Loss) | ' | ' | ' | ' |
Change in Unrealized Gain/(Loss) | ' | ' | ' | ' |
Net Income (Loss) | ' | ' | ' | ' |
Series - Frontier Heritage [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -3,743 | -24,600 | -22,780 | -155,447 |
Realized Gain/(Loss) | -312,313 | 835,232 | 1,680,653 | 499,713 |
Change in Unrealized Gain/(Loss) | 66,609 | 375,270 | -557,998 | -253,070 |
Net Income (Loss) | -249,447 | 1,185,902 | 1,099,875 | 91,196 |
Series - Frontier Heritage [Member] | Frontier Trading Company II LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -2,614 | -3,363 | -8,383 | -13,788 |
Realized Gain/(Loss) | -149,499 | 326 | 276,041 | -203,332 |
Change in Unrealized Gain/(Loss) | 66,609 | 426,552 | 84,440 | -72,990 |
Net Income (Loss) | -85,504 | 423,516 | 352,098 | -290,110 |
Series - Frontier Heritage [Member] | Frontier Trading Company V LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | ' | -21,237 | -13,268 | -141,659 |
Realized Gain/(Loss) | ' | 834,906 | 1,404,612 | 703,045 |
Change in Unrealized Gain/(Loss) | ' | -51,282 | -205,240 | -180,080 |
Net Income (Loss) | ' | 762,386 | 1,186,104 | 381,306 |
Series - Frontier Heritage [Member] | Frontier Trading Company XXXIX, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -1,129 | ' | -1,129 | ' |
Realized Gain/(Loss) | -162,814 | ' | ' | ' |
Change in Unrealized Gain/(Loss) | ' | ' | -437,198 | ' |
Net Income (Loss) | -163,943 | ' | -438,327 | ' |
Series - Frontier Long Short Commodity [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -4,748 | -25,075 | -42,984 | -78,634 |
Realized Gain/(Loss) | -478,294 | -693,641 | -1,041,439 | -1,431,511 |
Change in Unrealized Gain/(Loss) | ' | 71,159 | 74,008 | -316,156 |
Net Income (Loss) | -350,898 | -647,557 | -1,010,415 | -1,826,301 |
Series - Frontier Long Short Commodity [Member] | Frontier Trading Company I LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -4,748 | -18,573 | -35,831 | -48,910 |
Realized Gain/(Loss) | -478,294 | -370,180 | -778,371 | -1,444,726 |
Change in Unrealized Gain/(Loss) | 132,144 | 2,936 | 98,091 | -350,054 |
Net Income (Loss) | -350,898 | -385,817 | -716,111 | -1,843,690 |
Series - Frontier Long Short Commodity [Member] | Frontier Trading Company XVIII, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | ' | ' | ' | -11,271 |
Realized Gain/(Loss) | ' | ' | ' | 116,615 |
Change in Unrealized Gain/(Loss) | ' | ' | ' | -48,976 |
Net Income (Loss) | ' | ' | ' | 56,368 |
Series - Frontier Long Short Commodity [Member] | Frontier Trading Company XXIII, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | ' | -6,502 | -7,153 | -18,453 |
Realized Gain/(Loss) | ' | -323,461 | -263,068 | -103,400 |
Change in Unrealized Gain/(Loss) | ' | 68,223 | -24,083 | 82,874 |
Net Income (Loss) | ' | -261,740 | -294,304 | -38,979 |
Series - Frontier Diversified [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -370,504 | -484,616 | -1,227,381 | -1,518,260 |
Realized Gain/(Loss) | -6,263,265 | -6,170,635 | -11,733,038 | -409,212 |
Change in Unrealized Gain/(Loss) | 923,789 | 9,778,975 | -98,368 | 7,205,570 |
Net Income (Loss) | -5,709,980 | 3,123,724 | -13,058,787 | 5,278,098 |
Series - Frontier Diversified [Member] | Frontier Trading Company I LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -82,715 | -147,606 | -314,471 | -548,081 |
Realized Gain/(Loss) | -95,717 | -191,391 | -1,868,764 | 2,682,665 |
Change in Unrealized Gain/(Loss) | -814,937 | -393,000 | -1,162,025 | 43,648 |
Net Income (Loss) | -993,369 | -731,997 | -3,345,260 | 2,178,232 |
Series - Frontier Diversified [Member] | Frontier Trading Company II LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -5,469 | -6,875 | -18,815 | -24,988 |
Realized Gain/(Loss) | -310,367 | 7,849 | 697,242 | -349,717 |
Change in Unrealized Gain/(Loss) | 140,441 | 420,549 | 79,465 | -446,860 |
Net Income (Loss) | -175,395 | 421,524 | 757,892 | -821,565 |
Series - Frontier Diversified [Member] | Frontier Trading Company V LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | ' | -11,924 | -380,661 | -60,488 |
Realized Gain/(Loss) | ' | 583,700 | -10,547,784 | 520,005 |
Change in Unrealized Gain/(Loss) | ' | -459,899 | 281,573 | -511,640 |
Net Income (Loss) | ' | 111,876 | -10,646,872 | -52,123 |
Series - Frontier Diversified [Member] | Frontier Trading Company VII, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -91,413 | -107,417 | -283,574 | -292,225 |
Realized Gain/(Loss) | -1,364,053 | -12,417,915 | -571,954 | -11,523,540 |
Change in Unrealized Gain/(Loss) | 1,202,102 | 10,661,492 | -186,485 | 8,122,052 |
Net Income (Loss) | -253,364 | -1,863,839 | -1,042,013 | -3,693,713 |
Series - Frontier Diversified [Member] | Frontier Trading Company XIV, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -163,648 | -161,652 | -137,819 | -422,308 |
Realized Gain/(Loss) | -4,745,349 | 6,242,591 | 1,604,571 | 9,598,657 |
Change in Unrealized Gain/(Loss) | 2,016,387 | -542,495 | 387,887 | 134,134 |
Net Income (Loss) | -2,892,610 | 5,538,445 | 1,854,639 | 9,310,483 |
Series - Frontier Diversified [Member] | Frontier Trading Company XV, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -25,366 | -34,788 | -75,052 | -109,628 |
Realized Gain/(Loss) | 244,658 | 92,877 | -534,948 | -1,024,135 |
Change in Unrealized Gain/(Loss) | -1,593,532 | -43,252 | 730,530 | -99,522 |
Net Income (Loss) | -1,374,240 | 14,837 | 120,530 | -1,233,285 |
Series - Frontier Diversified [Member] | Frontier Trading Company XVIII, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | ' | -1,662 | ' | -24,995 |
Realized Gain/(Loss) | ' | 57,605 | ' | 306,715 |
Change in Unrealized Gain/(Loss) | ' | 14,262 | ' | -105,758 |
Net Income (Loss) | ' | 70,205 | ' | 175,962 |
Series - Frontier Diversified [Member] | Frontier Trading Company XXIII, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -1,893 | -12,364 | -16,989 | -22,330 |
Realized Gain/(Loss) | 7,569 | -550,605 | -511,401 | -367,519 |
Change in Unrealized Gain/(Loss) | -29,894 | 122,426 | -95,340 | 135,130 |
Net Income (Loss) | -24,218 | -440,544 | -623,730 | -254,719 |
Series - Frontier Diversified [Member] | Frontier Trading Company XXXIX, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Change in Unrealized Gain/(Loss) | 3,222 | ' | -133,973 | ' |
Net Income (Loss) | 3,222 | ' | -133,973 | ' |
Series - Frontier Diversified [Member] | Frontier Trading Company XXI, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | ' | -309 | ' | -834 |
Realized Gain/(Loss) | ' | 4,122 | ' | 26,658 |
Change in Unrealized Gain/(Loss) | ' | -1,108 | ' | -3,205 |
Net Income (Loss) | ' | 2,705 | ' | 22,619 |
Series - Frontier Diversified [Member] | Frontier Trading Company VI LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | ' | ' | ' | ' |
Realized Gain/(Loss) | ' | ' | ' | ' |
Change in Unrealized Gain/(Loss) | ' | ' | ' | ' |
Net Income (Loss) | ' | ' | ' | ' |
Series - Frontier Diversified [Member] | Frontier Trading Company IX, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | ' | -19 | ' | -12,383 |
Realized Gain/(Loss) | -6 | 532 | ' | -279,001 |
Change in Unrealized Gain/(Loss) | ' | ' | ' | -62,409 |
Net Income (Loss) | -6 | 513 | ' | -353,793 |
Series - Frontier Masters [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -111,494 | -82,596 | -332,676 | -245,589 |
Realized Gain/(Loss) | -2,309,024 | 2,564,633 | -4,243,241 | 3,561,456 |
Change in Unrealized Gain/(Loss) | -88,792 | -87,592 | 382,113 | -427,254 |
Net Income (Loss) | -2,509,310 | 2,394,445 | -4,193,804 | 2,888,613 |
Series - Frontier Masters [Member] | Frontier Trading Company II LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -3,449 | -3,386 | -10,993 | -11,779 |
Realized Gain/(Loss) | -197,161 | 7,390 | 373,507 | -157,423 |
Change in Unrealized Gain/(Loss) | 87,980 | 174,274 | 53,367 | -229,350 |
Net Income (Loss) | -112,630 | 178,278 | 415,881 | -398,552 |
Series - Frontier Masters [Member] | Frontier Trading Company XIV, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -72,982 | -65,090 | -211,038 | -195,378 |
Realized Gain/(Loss) | -2,210,977 | 2,513,002 | -4,305,339 | 4,036,881 |
Change in Unrealized Gain/(Loss) | 1,025,721 | -222,782 | 559,649 | -139,982 |
Net Income (Loss) | -1,258,238 | 2,225,130 | -3,956,728 | 3,701,521 |
Series - Frontier Masters [Member] | Frontier Trading Company XV, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Trading Commissions | -35,063 | -14,120 | -110,645 | -38,432 |
Realized Gain/(Loss) | 99,114 | 44,241 | -311,409 | -318,002 |
Change in Unrealized Gain/(Loss) | -1,202,493 | -39,084 | -230,903 | -57,922 |
Net Income (Loss) | ($1,138,442) | ($8,963) | ($652,957) | ($414,356) |
Investments_in_Unconsolidated_4
Investments in Unconsolidated Trading Companies - Statements of Financial Condition (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Frontier Trading Company II LLC [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Receivable from commission merchants | $14,873,923 | $20,525,159 |
Open trade equity/(deficit) | 2,217,360 | 1,499,438 |
Interest receivable/(payable) | 485 | 2,882 |
Total Assets | 17,091,768 | 22,027,479 |
Members' equity | 17,091,768 | 22,027,479 |
Frontier Trading Company XV, LLC [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Receivable from commission merchants | 11,728,864 | ' |
Open trade equity/(deficit) | 3,540,384 | ' |
Interest receivable/(payable) | 1,172 | ' |
Total Assets | 15,270,420 | ' |
Members' equity | 15,270,420 | ' |
Frontier Trading Company XIV, LLC [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Receivable from commission merchants | 12,260,120 | ' |
Open trade equity/(deficit) | 493,826 | ' |
Interest receivable/(payable) | -1,325 | ' |
Total Assets | 12,752,621 | ' |
Members' equity | 12,752,621 | ' |
Frontier Trading Company XXXIX, LLC [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Receivable from commission merchants | 5,996,500 | ' |
Open trade equity/(deficit) | -1,490,149 | ' |
Interest receivable/(payable) | 0 | ' |
Total Assets | 4,506,351 | ' |
Members' equity | 4,506,351 | ' |
Frontier Trading Company V LLC [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Receivable from commission merchants | ' | 14,732,606 |
Open trade equity/(deficit) | ' | 1,311,171 |
Interest receivable/(payable) | ' | 2,181 |
Total Assets | ' | 16,045,958 |
Members' equity | ' | 16,045,958 |
Frontier Trading Company XXIII, LLC [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Receivable from commission merchants | ' | 3,343,890 |
Open trade equity/(deficit) | ' | 231,181 |
Interest receivable/(payable) | ' | -7 |
Total Assets | ' | 3,575,064 |
Members' equity | ' | $3,575,064 |
Investments_in_Unconsolidated_5
Investments in Unconsolidated Trading Companies - Condensed Statement of Income (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Frontier Trading Company II LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Interest income | $1,296 | $7,977 | $13,010 | $24,381 |
Net realized gain/(loss) on investments, less commissions | -1,917,886 | 71,295 | 3,768,357 | -2,034,756 |
Change in open trade equity/(deficit) | 815,889 | 1,983,787 | 717,922 | -2,825,996 |
Net Income (Loss) | -1,100,701 | 2,063,059 | 4,499,289 | -4,836,371 |
Frontier Trading Company XV, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Interest income | 14,902 | ' | 7,946 | ' |
Net realized gain/(loss) on investments, less commissions | 667,824 | ' | -1,935,423 | ' |
Change in open trade equity/(deficit) | -5,963,669 | ' | 1,289,421 | ' |
Net Income (Loss) | -5,280,943 | ' | -638,056 | ' |
Frontier Trading Company XIV, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Interest income | -6,289 | ' | -11,934 | ' |
Net realized gain/(loss) on investments, less commissions | -12,615,137 | ' | -31,744,045 | ' |
Change in open trade equity/(deficit) | 5,229,959 | ' | 441,921 | ' |
Net Income (Loss) | -7,391,467 | ' | -31,314,058 | ' |
Frontier Trading Company XXXIX, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Net realized gain/(loss) on investments, less commissions | -3,500 | ' | -3,500 | ' |
Change in open trade equity/(deficit) | -554,809 | ' | -1,490,149 | ' |
Net Income (Loss) | -558,309 | ' | -1,493,649 | ' |
Frontier Trading Company V LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Interest income | ' | 7,318 | ' | 9,471 |
Net realized gain/(loss) on investments, less commissions | ' | 3,293,463 | ' | 4,084,001 |
Change in open trade equity/(deficit) | ' | -2,042,336 | ' | -3,779,410 |
Net Income (Loss) | ' | 1,258,445 | ' | 314,062 |
Frontier Trading Company XXIII, LLC [Member] | ' | ' | ' | ' |
Investment [Line Items] | ' | ' | ' | ' |
Interest income | ' | ' | ' | ' |
Net Income (Loss) | ' | ' | ' | ' |
Transactions_with_Affiliates_A
Transactions with Affiliates - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 4 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Apr. 20, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Apr. 20, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |||||||||||
Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Winton Series [Member] | Winton Series [Member] | Winton Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Currency Series [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Class 1a and Class 2a [Member] | Class 1a and Class 2a [Member] | Class 1a and Class 2a [Member] | Class 1, 2 and 3 [Member] | Class 1, 2 and 3 [Member] | Class 1 and Class 2 [Member] | Balanced Series Class 1 and Class 2 [Member] | Balanced Series Class 1a and Class 2a [Member] | Class 1 or Class 1a [Member] | Equinox Financial Group [Member] | Equinox Financial Group [Member] | The Series of the Frontier Fund [Member] | The Series of the Frontier Fund [Member] | Bornhoft Group Corporation [Member] | Bornhoft Group Corporation [Member] | Bornhoft Group Corporation [Member] | Bornhoft Group Corporation [Member] | Bornhoft Group Corporation [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Solon Capital, LLC [Member] | Solon Capital, LLC [Member] | Solon Capital, LLC [Member] | Solon Capital, LLC [Member] | |||||||||||||||
Balanced Series [Member] | Winton Series [Member] | Frontier Masters Series [Member] | Frontier Diversified Series [Member] | Frontier Heritage Series [Member] | Frontier Select Series [Member] | Balanced Series [Member] | Frontier Long/Short Commodity Series [Member] | Maximum [Member] | Balanced Series [Member] | Maximum [Member] | Frontier Long/Short Commodity Series [Member] | Winton Series Frontier Select Series Currency Series And Frontier Heritage Series [Member] | Frontier Diversified Series Frontier Long Short Commodity Series Frontier Masters Series And Balanced Series [Member] | Class 1a and Class 2a [Member] | Balanced Series [Member] | Winton Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Masters Series [Member] | Frontier Diversified Series [Member] | Frontier Heritage Series [Member] | Frontier Select Series [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | Class 1a and Class 2a [Member] | Class 1a and Class 2a [Member] | Class 1a and Class 2a [Member] | Class 1, 2 and 3 [Member] | Class 1 and Class 2 [Member] | Balanced Series Class 1 and Class 2 [Member] | Balanced Series Class 1a and Class 2a [Member] | Class 1 or Class 1a [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Winton Series [Member] | Frontier Masters Series [Member] | Frontier Diversified Series [Member] | Frontier Heritage Series [Member] | Frontier Select Series [Member] | Currency Series [Member] | Balanced Series [Member] | Frontier Long/Short Commodity Series [Member] | Maximum [Member] | Maximum [Member] | Frontier Long/Short Commodity Series [Member] | Winton Series Tiverton Graham Transtrend Series Currency Series And Frontier Heritage Series [Member] | Frontier Diversified Series, Frontier Long/Short Commodity Series, Frontier Masters Series [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Managing Owner contributions to Series percent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Minimum purchase commitment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Annual rate of management fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | ' | ' | ' | ' | 0.75% | ' | ' | ' | ' | 2.50% | ' | ' | ' | ' | 2.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | 2.00% | ' | 0.50% | ' | 3.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% | 2.00% | ' | 2.00% | 0.75% | 2.50% | 2.50% | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | ' | ' | 3.50% | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Trading fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.75% | 0.75% | 2.25% | 2.25% | 0.75% | 0.75% | ' | ' | 2.25% | ' | 0.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.75% | 0.75% | 2.25% | 2.25% | 0.75% | 0.75% | 0.75% | ' | ' | 2.25% | 0.75% | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Diligence fees | ' | ' | 0.12% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.12% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Incentive Fees | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | 20.00% | ' | ' | ' | ' | 20.00% | ' | ' | ' | ' | 20.00% | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | 20.00% | ' | ' | ' | ' | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | 20.00% | 20.00% | 20.00% | 25.00% | 20.00% | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Service fee paid to managing owner for payment to selling agents | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% | ' | ' | ' | ' | ||||||||||
Prepaid service fees received or receivable | ' | ' | ' | ' | ' | ' | $1,956 | ' | ' | ' | ' | $692 | ' | ' | ' | ' | $370 | ' | ' | ' | ' | $2,196 | ' | ' | ' | ' | $1,424 | ' | ' | ' | ' | $434 | ' | ' | ' | ' | $137 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,096 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Prepaid service fees paid or owing | ' | ' | ' | ' | ' | ' | ' | ' | 23,454 | ' | ' | ' | ' | 6,938 | ' | ' | ' | ' | 5,660 | ' | ' | ' | ' | 1,336 | ' | ' | ' | ' | 4,996 | ' | ' | ' | ' | 4,064 | ' | ' | ' | ' | 7,427 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,469 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | 20.00% | ' | ' | ' | ' | ' | ||||||||||
Interest income payment to managing owner | 1,279,912 | 1,840,120 | 4,369,611 | 5,748,014 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,279,912 | 1,840,120 | ' | 4,369,611 | 5,748,014 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Managing Owner pays to Bornhoft Group Corporation, monthly fee of NAV of the Trust | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.10% | 0.25% | ' | 0.25% | ' | 0.25% | ' | 0.10% | 0.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Amount paid for NAV of the trust | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 77,196 | ' | 465,858 | ' | 77,196 | ' | ' | 465,858 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Monthly service fee for investment and advisor services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 600,000 | 232,150 | ' | 889,524 | ' | 232,150 | ' | 600,000 | 889,524 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Management Fees | 115,000 | ' | 795,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 115,000 | 795,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Advance received from related party | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 987,152 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Managing and marketing services fee payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 412,265 | 665,478 | ' | 1,460,009 | 2,030,547 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 412,265 | 665,478 | 1,460,009 | 2,030,547 | ||||||||||
Incentive fees payable to Managing Owner | ' | ' | ' | ' | ' | ' | ' | ' | 527,306 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 189,903 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 732,119 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Management fees | ' | ' | ' | ' | 92,310 | ' | 92,310 | ' | 193,155 | 87,013 | ' | 87,013 | ' | 86,138 | 152,047 | ' | 152,047 | ' | 277,379 | 98,876 | ' | 98,876 | ' | 118,274 | 101,464 | ' | 101,464 | ' | 150,188 | 24,337 | [1] | ' | 24,337 | [1] | ' | 63,642 | [1] | 45,546 | [2] | ' | 45,546 | [2] | ' | 103,089 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 601,625 | ' | ' | 601,625 | ' | 1,003,663 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Interest payable to Managing Owner | ' | ' | ' | ' | 207,056 | ' | 207,056 | ' | 330,341 | 62,052 | ' | 62,052 | ' | 69,369 | 19,227 | ' | 19,227 | ' | 26,319 | 14,883 | ' | 14,883 | ' | 20,028 | 30,460 | ' | 30,460 | ' | 41,394 | 26,236 | [1] | ' | 26,236 | [1] | ' | 35,011 | [1] | 33,837 | [2] | ' | 33,837 | [2] | ' | 42,764 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 393,822 | ' | ' | 393,822 | ' | 569,115 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Trading fees payable to Managing Owner | ' | ' | ' | ' | 79,628 | ' | 79,628 | ' | 132,875 | 23,305 | ' | 23,305 | ' | 26,041 | 42,620 | ' | 42,620 | ' | 79,400 | 80,808 | ' | 80,808 | ' | 104,852 | 149,772 | ' | 149,772 | ' | 228,169 | 9,847 | [1] | ' | 9,847 | [1] | ' | 13,148 | [1] | 12,681 | [2] | ' | 12,681 | [2] | ' | 16,057 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 398,688 | ' | ' | 398,688 | ' | 602,333 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Trailing service fees payable to Managing Owner | ' | ' | ' | ' | 202,653 | ' | 202,653 | ' | 332,942 | 52,149 | ' | 52,149 | ' | 62,556 | 17,705 | ' | 17,705 | ' | 24,074 | 39,713 | ' | 39,713 | ' | 47,423 | 54,639 | ' | 54,639 | ' | 89,177 | 27,616 | ' | 27,616 | ' | 38,116 | 42,233 | ' | 42,233 | ' | 54,702 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 436,778 | ' | ' | 436,778 | ' | 652,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Incentive Fees | ' | ' | ' | ' | ' | 3,268,561 | 657,063 | 6,553,867 | ' | ' | 259,965 | ' | 787,335 | ' | ' | 585,049 | ' | 1,059,204 | ' | ' | 403,573 | ' | 488,081 | ' | ' | 1,456,640 | 184,498 | 3,079,256 | ' | ' | 225,076 | ' | 813,420 | ' | ' | 7,136 | [2] | ' | 65,989 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 5,789,666 | ' | 889,025 | 11,463,249 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Management Fees | ' | ' | ' | ' | 334,849 | 601,212 | 1,250,878 | 1,940,876 | ' | 264,894 | 259,965 | 785,269 | 787,335 | ' | 518,079 | 868,971 | 1,747,261 | 2,599,254 | ' | 315,200 | 364,814 | 970,110 | 1,069,958 | ' | 333,759 | 443,895 | 1,131,997 | 1,445,371 | ' | 74,121 | [3] | 225,076 | [3] | 288,326 | [1] | 813,420 | [1] | ' | 140,444 | [2],[4] | 326,209 | [2] | 487,737 | [2] | 956,639 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,981,543 | 3,191,672 | ' | 6,708,693 | 9,758,788 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Service Fees-Class 1 | ' | ' | ' | ' | 741,647 | 3,268,561 | 2,658,114 | 6,553,867 | ' | 211,612 | ' | 661,315 | ' | ' | 71,049 | 585,049 | 255,223 | 1,059,204 | ' | 156,560 | 403,573 | 508,375 | 488,081 | ' | 225,937 | 1,456,640 | 822,240 | 3,079,256 | ' | 101,377 | ' | 337,523 | ' | ' | 141,965 | 7,136 | 452,617 | 65,989 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,650,323 | 2,540,950 | ' | 5,718,063 | 7,980,617 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||
Trading Fees | ' | ' | ' | ' | $261,429 | $443,728 | $934,900 | $1,373,998 | ' | $72,271 | $84,533 | $223,928 | $263,127 | ' | $146,883 | $266,738 | $548,982 | $778,408 | ' | $252,770 | $342,724 | $834,173 | $979,635 | ' | $475,785 | $735,492 | $1,726,597 | $2,258,377 | ' | $31,828 | [3] | $47,300 | [3] | $105,156 | [1] | $151,266 | [1] | ' | $40,356 | [2],[4] | $60,869 | [2] | $128,680 | [2] | $193,716 | [2] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,281,476 | $1,987,736 | ' | $4,533,240 | $6,019,122 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
[1] | Formerly the Winton/Graham Series. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | Formerly the Tiverton/Graham/Transtrend Series. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[3] | Formerly known as the Tiverton/Graham/Transtrend Series. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[4] | Class 3a operations began June 17, 2013. |
Transactions_with_Affiliates_F
Transactions with Affiliates - Fees Earned by Managing owner (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |||||
Frontier Diversified Series [Member] | ' | ' | ' | ' | ||||
Management Fees Provided For Service [Line Items] | ' | ' | ' | ' | ||||
Incentive Fee | ' | $1,456,640 | $184,498 | $3,079,256 | ||||
Management Fee | 333,759 | 443,895 | 1,131,997 | 1,445,371 | ||||
Service Fee | 225,937 | 1,456,640 | 822,240 | 3,079,256 | ||||
Trading Fee | 475,785 | 735,492 | 1,726,597 | 2,258,377 | ||||
Frontier Masters Series [Member] | ' | ' | ' | ' | ||||
Management Fees Provided For Service [Line Items] | ' | ' | ' | ' | ||||
Incentive Fee | ' | 403,573 | ' | 488,081 | ||||
Management Fee | 315,200 | 364,814 | 970,110 | 1,069,958 | ||||
Service Fee | 156,560 | 403,573 | 508,375 | 488,081 | ||||
Trading Fee | 252,770 | 342,724 | 834,173 | 979,635 | ||||
Frontier Long/Short Commodity Series [Member] | ' | ' | ' | ' | ||||
Management Fees Provided For Service [Line Items] | ' | ' | ' | ' | ||||
Incentive Fee | ' | 585,049 | ' | 1,059,204 | ||||
Management Fee | 518,079 | 868,971 | 1,747,261 | 2,599,254 | ||||
Service Fee | 71,049 | 585,049 | 255,223 | 1,059,204 | ||||
Trading Fee | 146,883 | 266,738 | 548,982 | 778,408 | ||||
Balanced Series [Member] | ' | ' | ' | ' | ||||
Management Fees Provided For Service [Line Items] | ' | ' | ' | ' | ||||
Incentive Fee | ' | 3,268,561 | 657,063 | 6,553,867 | ||||
Management Fee | 334,849 | 601,212 | 1,250,878 | 1,940,876 | ||||
Service Fee | 741,647 | 3,268,561 | 2,658,114 | 6,553,867 | ||||
Trading Fee | 261,429 | 443,728 | 934,900 | 1,373,998 | ||||
Frontier Select Series [Member] | ' | ' | ' | ' | ||||
Management Fees Provided For Service [Line Items] | ' | ' | ' | ' | ||||
Incentive Fee | ' | 7,136 | [1] | ' | 65,989 | [1] | ||
Management Fee | 140,444 | [1],[2] | 326,209 | [1] | 487,737 | [1] | 956,639 | [1] |
Service Fee | 141,965 | 7,136 | 452,617 | 65,989 | ||||
Trading Fee | 40,356 | [1],[2] | 60,869 | [1] | 128,680 | [1] | 193,716 | [1] |
Winton Series [Member] | ' | ' | ' | ' | ||||
Management Fees Provided For Service [Line Items] | ' | ' | ' | ' | ||||
Incentive Fee | ' | 259,965 | ' | 787,335 | ||||
Management Fee | 264,894 | 259,965 | 785,269 | 787,335 | ||||
Service Fee | 211,612 | ' | 661,315 | ' | ||||
Trading Fee | 72,271 | 84,533 | 223,928 | 263,127 | ||||
Frontier Heritage Series [Member] | ' | ' | ' | ' | ||||
Management Fees Provided For Service [Line Items] | ' | ' | ' | ' | ||||
Incentive Fee | ' | 225,076 | ' | 813,420 | ||||
Management Fee | 74,121 | [3] | 225,076 | [3] | 288,326 | [4] | 813,420 | [4] |
Service Fee | 101,377 | ' | 337,523 | ' | ||||
Trading Fee | $31,828 | [3] | $47,300 | [3] | $105,156 | [4] | $151,266 | [4] |
[1] | Formerly the Tiverton/Graham/Transtrend Series. | |||||||
[2] | Class 3a operations began June 17, 2013. | |||||||
[3] | Formerly known as the Tiverton/Graham/Transtrend Series. | |||||||
[4] | Formerly the Winton/Graham Series. |
Transactions_with_Affiliates_F1
Transactions with Affiliates - Fees Payable to Managing owner (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
Frontier Diversified Series [Member] | ' | ' | ||
Management Fees Provided For Service [Line Items] | ' | ' | ||
Incentive Fees | ' | $189,903 | ||
Management fees | 101,464 | 150,188 | ||
Trading Fees | 149,772 | 228,169 | ||
Service Fees | 54,639 | 89,177 | ||
Frontier Masters Series [Member] | ' | ' | ||
Management Fees Provided For Service [Line Items] | ' | ' | ||
Management fees | 98,876 | 118,274 | ||
Trading Fees | 80,808 | 104,852 | ||
Service Fees | 39,713 | 47,423 | ||
Frontier Long/Short Commodity Series [Member] | ' | ' | ||
Management Fees Provided For Service [Line Items] | ' | ' | ||
Management fees | 152,047 | 277,379 | ||
Trading Fees | 42,620 | 79,400 | ||
Service Fees | 17,705 | 24,074 | ||
Balanced Series [Member] | ' | ' | ||
Management Fees Provided For Service [Line Items] | ' | ' | ||
Incentive Fees | ' | 527,306 | ||
Management fees | 92,310 | 193,155 | ||
Trading Fees | 79,628 | 132,875 | ||
Service Fees | 202,653 | 332,942 | ||
Frontier Select Series [Member] | ' | ' | ||
Management Fees Provided For Service [Line Items] | ' | ' | ||
Management fees | 45,546 | [1] | 103,089 | [1] |
Trading Fees | 12,681 | [1] | 16,057 | [1] |
Service Fees | 42,233 | 54,702 | ||
Winton Series [Member] | ' | ' | ||
Management Fees Provided For Service [Line Items] | ' | ' | ||
Management fees | 87,013 | 86,138 | ||
Trading Fees | 23,305 | 26,041 | ||
Service Fees | 52,149 | 62,556 | ||
Frontier Heritage Series [Member] | ' | ' | ||
Management Fees Provided For Service [Line Items] | ' | ' | ||
Incentive Fees | ' | ' | ||
Management fees | 24,337 | [2] | 63,642 | [2] |
Trading Fees | 9,847 | [2] | 13,148 | [2] |
Service Fees | $27,616 | $38,116 | ||
[1] | Formerly the Tiverton/Graham/Transtrend Series. | |||
[2] | Formerly the Winton/Graham Series. |
Financial_Highlights_Financial
Financial Highlights - Financial Highlights of Trust (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2012 | Jan. 12, 2012 | Sep. 30, 2012 | Jan. 12, 2012 | |
The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | The Frontier Fund [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Diversified Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Masters Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Frontier Long/Short Commodity Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Balanced Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Frontier Select Series [Member] | Winton Series [Member] | Winton Series [Member] | Winton Series [Member] | Winton Series [Member] | Winton Series [Member] | Winton Series [Member] | Winton Series [Member] | Winton Series [Member] | Winton Series [Member] | Winton Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Frontier Heritage Series [Member] | Currency Series [Member] | Currency Series [Member] | Currency Series [Member] | Currency Series [Member] | |
Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 3 [Member] | Class 3 [Member] | Class 3 [Member] | Class 3 [Member] | Class 3 [Member] | Class 1a [Member] | Class 1a [Member] | Class 1a [Member] | Class 1a [Member] | Class 1a [Member] | Class 2a [Member] | Class 2a [Member] | Class 2a [Member] | Class 2a [Member] | Class 2a [Member] | Class 3a [Member] | Class 3a [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 1a [Member] | Class 1a [Member] | Class 1a [Member] | Class 2a [Member] | Class 2a [Member] | Class 2a [Member] | Class 2a [Member] | Class 2a [Member] | Class 3a [Member] | Class 3a [Member] | Class 3a [Member] | Class 3a [Member] | Class 3a [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 1 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 2 [Member] | Class 1 [Member] | Class 1 [Member] | Class 2 [Member] | Class 2 [Member] | |||||||
Financial Highlights [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net asset value per unit, Beginning Balance | ' | ' | ' | ' | $85.55 | $97.60 | $94.40 | ' | $99.40 | $91.85 | $102.99 | $100.48 | ' | $103.96 | $94.74 | $102.04 | $101.11 | ' | $100.25 | $101.71 | $107.65 | $107.61 | ' | $104.83 | ' | ' | $128.07 | ' | $136.13 | $134.46 | $154.20 | $145.65 | ' | $161.97 | $134.49 | $154.18 | $145.69 | ' | $161.96 | $99.90 | $115.26 | $108.58 | ' | $121.71 | $107.14 | $121.54 | $115.45 | ' | $127.23 | $107.15 | $109.60 | $104.89 | $122.65 | $116.32 | ' | $124.50 | $136.54 | $155.01 | $149.20 | ' | $155.02 | $108.13 | ' | $108.45 | $114.69 | $128.99 | $124.36 | ' | $128.35 | $114.31 | $128.54 | $123.96 | ' | $128.36 | $81.01 | $86.29 | $78.66 | ' | $91.02 | $104.04 | $107.04 | $99.55 | ' | $111.84 | $132.81 | $131.72 | $130.73 | ' | $141.13 | $163.19 | $157.12 | $158.30 | ' | $165.82 | $98.08 | $96.05 | $94.55 | ' | $104.73 | $127.04 | $120.78 | $120.67 | ' | $129.70 | ' | $70.48 | ' | $87.61 |
Interest income | ' | ' | ' | ' | $0.41 | $0.42 | $1.23 | $1.29 | ' | $0.45 | $0.44 | $1.32 | $1.35 | ' | $0.43 | $0.46 | $1.35 | $1.46 | ' | $0.46 | $0.49 | $1.45 | $1.54 | ' | ' | ' | $0.63 | $2.01 | ' | $0.92 | $0.59 | $2.61 | $2.06 | ' | $0.92 | $0.79 | $2.61 | $2.41 | ' | $0.68 | $0.62 | $1.94 | $1.83 | ' | $0.74 | $0.79 | $2.09 | $2.15 | ' | $0.73 | $1.92 | $0.09 | $0.01 | $0.16 | $0.11 | ' | $0.12 | $0.02 | $0.21 | $0.14 | ' | $0.01 | $0.09 | ' | $0.10 | $0.01 | $0.18 | $0.11 | ' | $0.10 | $0.01 | $0.18 | $0.11 | ' | $0.26 | $0.21 | $0.87 | $0.40 | ' | $0.34 | $0.26 | $1.11 | $0.50 | ' | $0.23 | $0.38 | $0.91 | $1.12 | ' | $0.29 | $0.46 | $1.12 | $1.33 | ' | $0.17 | $0.13 | $0.54 | $0.33 | ' | $0.23 | $0.16 | $0.70 | $0.41 | ' | $0 | ' | $0 | ' |
Expenses | ' | ' | ' | ' | ($1.31) | ($2.66) | ($4.30) | ($6.87) | ' | ($0.90) | ($2.23) | ($3) | ($5.51) | ' | ($1.76) | ($2.61) | ($5.32) | ($6.40) | ' | ($1.36) | ($2.16) | ($4.05) | ($5) | ' | ' | ' | ($4.30) | ($10.98) | ' | ($2.45) | ($3.03) | ($7.17) | ($8.71) | ' | ($2.45) | ($4.05) | ($7.19) | ($10.19) | ' | ($1.82) | ($4.27) | ($7) | ($9.98) | ' | ($1.96) | ($4.05) | ($5.75) | ($9.09) | ' | ($1.94) | ($5.29) | ($1.22) | ($3.30) | ($4.36) | ($7.93) | ' | ($0.58) | ($2.99) | ($2.44) | ($6.50) | ' | ($2.90) | ($6.87) | ' | ($0.49) | ($2.49) | ($2.05) | ($5.37) | ' | ($0.48) | ($2.48) | ($2.04) | ($5.40) | ' | ($1.30) | ($1.74) | ($3.97) | ($5.07) | ' | ($0.89) | ($1.35) | ($2.77) | ($3.84) | ' | ($2.18) | ($2.03) | ($6.41) | ($6.13) | ' | ($1.44) | ($1.23) | ($4.15) | ($3.63) | ' | ($1.37) | ($1.87) | ($4.30) | ($6) | ' | ($0.81) | ($1.39) | ($2.68) | ($4.61) | ' | ($1.90) | ' | ($0.48) | ' |
Net gain/(loss) on investments, net of non-controlling interests | ' | ' | ' | ' | ($6.52) | $2.46 | ($13.20) | $4 | ' | ($7.14) | $2.46 | ($14.54) | $3.85 | ' | ($5.54) | $5.03 | ($9.27) | $9.61 | ' | ($6.06) | $5.19 | ($10.26) | $9.79 | ' | ' | ' | $11.01 | $8.24 | ' | ($6.84) | $13.52 | ($15) | $9.96 | ' | ($6.84) | $14.41 | ($14.99) | $11.15 | ' | ($5.16) | $11.81 | ($9.92) | $9.86 | ' | ($5.08) | $12.36 | ($10.95) | $10.36 | ' | ($5.03) | ($5.32) | ($6.04) | $3.43 | ($14.40) | $6.11 | ' | ($7.88) | $4.26 | ($18.77) | $7.63 | ' | $7.34 | $10.89 | ' | ($6.19) | $3.64 | ($14.38) | $7.05 | ' | ($6.18) | $3.65 | ($14.35) | $6.64 | ' | ($3.95) | $0.54 | $0.46 | ($1.05) | ' | ($5.10) | $1.17 | $0.50 | ($1.37) | ' | ($1.24) | $1.66 | $4.39 | ($4.40) | ' | ($1.53) | $1.93 | $5.24 | ($5.25) | ' | ($1.33) | $4.49 | $4.76 | ($0.26) | ' | ($1.74) | $5.58 | $6.03 | ($0.37) | ' | ($4.44) | ' | ($5.54) | ' |
Net income/(loss) | ' | ' | ' | ' | ($7.42) | $0.22 | ($16.27) | ($1.58) | ' | ($7.59) | $0.67 | ($16.22) | ($0.30) | ' | ($6.87) | $2.88 | ($13.24) | $4.67 | ' | ($6.96) | $3.52 | ($12.86) | $6.34 | ' | ' | ' | $7.34 | ($0.72) | ' | ($8.37) | $11.08 | ($19.56) | $3.31 | ' | ($8.37) | $11.15 | ($19.57) | $3.37 | ' | ($6.30) | $8.16 | ($14.98) | $1.71 | ' | ($6.30) | $9.10 | ($14.61) | $3.41 | ' | ($6.24) | ($8.69) | ($7.17) | $0.14 | ($18.60) | ($1.71) | ' | ($8.34) | $1.29 | ($21) | $1.28 | ' | $4.45 | $4.13 | ' | ($6.58) | $1.16 | ($16.25) | $1.80 | ' | ($6.56) | $1.18 | ($16.21) | $1.36 | ' | ($4.99) | ($0.99) | ($2.64) | ($5.72) | ' | ($5.65) | $0.08 | ($1.16) | ($4.72) | ' | ($3.19) | $0.01 | ($1.11) | ($9.40) | ' | ($2.68) | $1.16 | $2.21 | ($7.54) | ' | ($2.53) | $2.75 | $1 | ($5.93) | ' | ($2.32) | $4.35 | $4.05 | ($4.57) | ' | ($6.34) | ' | ($6.02) | ' |
Net asset value per unit, Ending balance | ' | ' | ' | ' | $78.13 | $97.82 | $78.13 | $97.82 | $99.40 | $84.26 | $103.66 | $84.26 | $103.66 | $103.96 | $87.87 | $104.92 | $87.87 | $104.92 | $100.25 | $94.75 | $111.17 | $94.75 | $111.17 | $104.83 | ' | ' | $135.41 | $135.41 | $136.13 | $126.09 | $165.28 | $126.09 | $165.28 | $161.97 | $126.12 | $165.33 | $126.12 | $165.33 | $161.96 | $93.60 | $123.42 | $93.60 | $123.42 | $121.71 | $100.84 | $130.64 | $100.84 | $130.64 | $127.23 | $100.91 | $100.91 | $97.72 | $122.79 | $97.72 | $122.79 | $124.50 | $128.20 | $156.30 | $128.20 | $156.30 | $155.02 | $112.58 | $112.58 | $108.45 | $108.11 | $130.15 | $108.11 | $130.15 | $128.35 | $107.75 | $129.72 | $107.75 | $129.72 | $128.36 | $76.02 | $85.30 | $76.02 | $85.30 | $91.02 | $98.39 | $107.12 | $98.39 | $107.12 | $111.84 | $129.62 | $131.73 | $129.62 | $131.73 | $141.13 | $160.51 | $158.28 | $160.51 | $158.28 | $165.82 | $95.55 | $98.80 | $95.55 | $98.80 | $104.73 | $124.72 | $125.13 | $124.72 | $125.13 | $129.70 | $64.14 | $70.48 | $81.59 | $87.61 |
Net investment gain/(loss) | -4.08% | -5.43% | -4.29% | -6.23% | -4.41% | -5.53% | -4.53% | -6.71% | ' | -2.10% | -3.30% | -2.28% | -4.53% | ' | -5.77% | -6.15% | -5.41% | -6.23% | ' | -3.61% | -3.96% | -3.29% | -4.06% | ' | ' | ' | -41.61% | -10.80% | ' | -4.68% | -4.46% | -4.36% | -5.27% | ' | -4.68% | -5.68% | -4.36% | -5.91% | ' | -4.68% | -9.63% | -6.50% | -8.41% | ' | -4.68% | -6.98% | -4.36% | -6.51% | ' | -4.68% | -4.36% | -4.47% | -6.26% | -4.96% | -7.47% | ' | -1.39% | -3.24% | -1.95% | -4.53% | ' | -27.55% | -9.21% | ' | -1.39% | -3.24% | -1.95% | -4.52% | ' | -1.39% | -3.24% | -1.95% | -4.53% | ' | -5.20% | -7.00% | -5.16% | -6.78% | ' | -2.13% | -3.98% | -2.16% | -3.92% | ' | -5.94% | -4.98% | -5.47% | -4.72% | ' | -2.87% | -1.95% | -2.47% | -1.84% | ' | -4.92% | -7.19% | -5.08% | -7.22% | ' | -1.84% | -4.04% | -2.08% | -4.32% | ' | -3.59% | ' | -0.72% | ' |
Expenses before incentive fees | 5.32% | 5.28% | 5.23% | 5.29% | 6.45% | 6.07% | 6.17% | 6.02% | ' | 4.14% | 3.84% | 3.93% | 3.85% | ' | 7.62% | 7.25% | 7.25% | 7.29% | ' | 5.46% | 5.07% | 5.13% | 5.13% | ' | ' | ' | 50.73% | 11.99% | ' | 7.48% | 5.14% | 6.86% | 5.45% | ' | 7.48% | 6.87% | 6.86% | 6.38% | ' | 7.48% | 10.94% | 8.99% | 8.90% | ' | 7.48% | 8.73% | 6.86% | 7.25% | ' | 7.48% | 6.86% | 4.83% | 4.88% | 4.76% | 4.82% | ' | 1.76% | 1.86% | 1.76% | 1.88% | ' | 26.34% | 6.59% | ' | 1.76% | 1.86% | 1.76% | 1.87% | ' | 1.76% | 6.24% | 1.76% | 1.88% | ' | 6.51% | 7.92% | 6.60% | 7.18% | ' | 3.44% | 4.91% | 3.60% | 4.33% | ' | 6.65% | 6.13% | 6.38% | 5.78% | ' | 3.58% | 3.10% | 3.38% | 2.91% | ' | 5.63% | 7.72% | 5.81% | 7.63% | ' | 2.56% | 4.57% | 2.81% | 4.74% | ' | 3.59% | ' | 0.72% | ' |
Expenses after incentive fees | 5.32% | 6.28% | 5.43% | 7.20% | 6.45% | 7.24% | 6.36% | 8.43% | ' | 4.14% | 5.01% | 4.12% | 6.27% | ' | 7.62% | 7.95% | 7.25% | 8.17% | ' | 5.46% | 5.77% | 5.13% | 6.01% | ' | ' | ' | 51.57% | 13.50% | ' | 7.48% | 5.98% | 6.86% | 6.96% | ' | 7.48% | 7.71% | 6.86% | 7.89% | ' | 7.48% | 11.78% | 8.99% | 10.41% | ' | 7.48% | 9.56% | 6.86% | 8.76% | ' | 7.48% | 6.86% | 4.83% | 6.30% | 5.15% | 7.59% | ' | 1.76% | 3.28% | 2.15% | 4.65% | ' | 27.76% | 9.37% | ' | 1.76% | 3.28% | 2.15% | 4.64% | ' | 1.76% | 7.67% | 2.15% | 4.65% | ' | 6.51% | 7.95% | 6.60% | 7.37% | ' | 3.44% | 4.93% | 3.60% | 4.52% | ' | 6.65% | 6.13% | 6.38% | 5.78% | ' | 3.58% | 3.10% | 3.38% | 2.91% | ' | 5.63% | 7.72% | 5.81% | 7.63% | ' | 2.56% | 4.57% | 2.81% | 4.74% | ' | 3.59% | ' | 0.72% | ' |
Total return before incentive fees | -6.81% | 2.45% | -12.28% | 0.88% | -8.67% | 1.39% | -17.05% | 0.82% | ' | -8.26% | 1.82% | -15.95% | 2.12% | ' | -7.25% | 3.52% | -13.09% | 5.54% | ' | -6.84% | 15.90% | -11.95% | 6.93% | ' | ' | ' | 6.57% | 0.98% | ' | -6.22% | 8.03% | -13.43% | 3.56% | ' | -6.22% | 8.07% | -13.43% | 3.59% | ' | -6.31% | 7.92% | -13.80% | 2.92% | ' | -5.88% | 8.33% | -12.65% | 4.19% | ' | -5.82% | -7.93% | -6.84% | 1.54% | -15.59% | 1.40% | ' | -6.11% | 2.25% | -13.68% | 3.60% | ' | 5.54% | 6.58% | ' | -5.74% | 2.32% | -12.67% | 4.17% | ' | -5.74% | 2.34% | -12.68% | 3.83% | ' | -6.16% | -1.13% | -3.36% | -6.10% | ' | -5.43% | 0.10% | -1.17% | -4.03% | ' | -2.40% | 0.01% | -0.85% | -6.66% | ' | -1.64% | 0.74% | 1.40% | -4.55% | ' | -2.58% | 2.86% | 1.06% | -5.66% | ' | -1.83% | 3.60% | 3.36% | -3.52% | ' | -9.00% | ' | -6.87% | ' |
Total return after incentive fees | -6.81% | 1.45% | -12.48% | -1.03% | -8.67% | 0.23% | -17.24% | -1.59% | ' | -8.26% | 0.65% | -16.14% | -0.29% | ' | -7.25% | 2.82% | -13.09% | 4.66% | ' | -6.84% | 3.27% | -11.95% | 6.05% | ' | ' | ' | 5.73% | -0.53% | ' | -6.22% | 7.19% | -13.43% | 2.04% | ' | -6.22% | 7.23% | -13.43% | 2.08% | ' | -6.31% | 7.08% | -13.80% | 1.40% | ' | -5.88% | 7.49% | -12.65% | 2.68% | ' | -5.82% | -7.93% | -6.84% | 0.11% | -15.99% | -1.37% | ' | -6.11% | 0.83% | -14.07% | 0.83% | ' | 4.12% | 3.81% | ' | -5.74% | 0.90% | -13.07% | 1.40% | ' | -5.74% | 0.92% | -13.08% | 1.06% | ' | -6.16% | -1.15% | -3.36% | -6.28% | ' | -5.43% | 0.07% | -1.17% | -4.22% | ' | -2.40% | 0.01% | -0.85% | -6.66% | ' | -1.64% | 0.74% | 1.40% | -4.55% | ' | -2.58% | 2.86% | 1.06% | -5.66% | ' | -1.83% | 3.60% | 3.36% | -3.52% | ' | -9.00% | ' | -6.87% | ' |
Derivative_Instruments_and_Hed2
Derivative Instruments and Hedging Activities - Monthly Averages of Futures Contracts (Detail) (Futures [Member]) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Contract | Contract | Contract | Contract | |
Frontier Long/Short Commodity Series [Member] | ' | ' | ' | ' |
Derivative Instruments And Hedging Activities [Line Items] | ' | ' | ' | ' |
Derivative Numbers of Instruments Bought | 2,500 | 3,308 | 9,663 | 12,808 |
Derivative Numbers of Instruments Sold | 2,879 | 3,232 | 10,026 | 14,032 |
Balanced Series [Member] | ' | ' | ' | ' |
Derivative Instruments And Hedging Activities [Line Items] | ' | ' | ' | ' |
Derivative Numbers of Instruments Bought | 3,338 | 16,100 | 19,280 | 35,400 |
Derivative Numbers of Instruments Sold | 3,090 | 15,192 | 19,916 | 37,492 |
Diversified Series [Member] | ' | ' | ' | ' |
Derivative Instruments And Hedging Activities [Line Items] | ' | ' | ' | ' |
Derivative Numbers of Instruments Bought | ' | ' | 8 | 1,628 |
Derivative Numbers of Instruments Sold | ' | ' | 29 | 1,392 |
Frontier Masters Series [Member] | ' | ' | ' | ' |
Derivative Instruments And Hedging Activities [Line Items] | ' | ' | ' | ' |
Derivative Numbers of Instruments Bought | ' | 728 | ' | ' |
Derivative Numbers of Instruments Sold | ' | 692 | ' | ' |
Derivative_Instruments_and_Hed3
Derivative Instruments and Hedging Activities - Realized Trading Revenue from Futures, Forwards and Options (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Frontier Long/Short Commodity Series [Member] | Realized Trading Revenue [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | ($6,125,553) | ($37,284,952) | ($6,256,541) | ($35,422,568) |
Frontier Long/Short Commodity Series [Member] | Realized Trading Revenue [Member] | Metals [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | -578,871 | 1,035,617 | -1,422,087 | -19,358,229 |
Frontier Long/Short Commodity Series [Member] | Realized Trading Revenue [Member] | Currency [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | -107,754 | -223,060 | 611,059 | -8,956,393 |
Frontier Long/Short Commodity Series [Member] | Realized Trading Revenue [Member] | Energies [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | -4,807,731 | -36,916,109 | -7,454,776 | -6,913,808 |
Frontier Long/Short Commodity Series [Member] | Realized Trading Revenue [Member] | Agriculturals [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | -235,520 | -1,784,729 | -756,506 | -5,969,527 |
Frontier Long/Short Commodity Series [Member] | Realized Trading Revenue [Member] | Interest rates [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | -933,919 | -463,226 | 745,377 | -10,717,684 |
Frontier Long/Short Commodity Series [Member] | Realized Trading Revenue [Member] | Stock indices [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | 538,242 | 1,066,555 | 2,020,392 | 16,493,073 |
Balanced Series [Member] | Realized Trading Revenue [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | 1,183,617 | 19,443,157 | -1,691,547 | 33,748,231 |
Balanced Series [Member] | Realized Trading Revenue [Member] | Metals [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | -510,734 | -999,514 | 3,773,562 | -568,809 |
Balanced Series [Member] | Realized Trading Revenue [Member] | Currency [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | -763,525 | 7,244,212 | -3,026,628 | 3,992,511 |
Balanced Series [Member] | Realized Trading Revenue [Member] | Energies [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | 143,757 | -2,887,295 | -4,634,133 | -7,560,401 |
Balanced Series [Member] | Realized Trading Revenue [Member] | Agriculturals [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | -602,859 | -153,297 | -4,192,086 | -1,371,522 |
Balanced Series [Member] | Realized Trading Revenue [Member] | Interest rates [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | 2,847,561 | 12,318,263 | -7,701,383 | 38,223,501 |
Balanced Series [Member] | Realized Trading Revenue [Member] | Stock indices [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | 69,417 | 3,920,788 | 14,089,121 | 1,032,951 |
Diversified Series [Member] | Realized Trading Revenue [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | ' | ' | 734,081 | ' |
Diversified Series [Member] | Realized Trading Revenue [Member] | Metals [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | ' | ' | -630,122 | ' |
Diversified Series [Member] | Realized Trading Revenue [Member] | Currency [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | ' | ' | 1,300,655 | ' |
Diversified Series [Member] | Realized Trading Revenue [Member] | Energies [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | ' | ' | -3,465 | ' |
Diversified Series [Member] | Realized Trading Revenue [Member] | Agriculturals [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | ' | ' | 8,936 | ' |
Diversified Series [Member] | Realized Trading Revenue [Member] | Interest rates [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | ' | ' | -88,186 | ' |
Diversified Series [Member] | Realized Trading Revenue [Member] | Stock indices [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | ' | ' | 146,263 | ' |
Frontier Masters Series [Member] | Realized Trading Revenue [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | ' | 626,741 | ' | 4,064,894 |
Frontier Masters Series [Member] | Realized Trading Revenue [Member] | Metals [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | ' | -83,958 | ' | 732,055 |
Frontier Masters Series [Member] | Realized Trading Revenue [Member] | Currency [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | ' | 644,753 | ' | 497,081 |
Frontier Masters Series [Member] | Realized Trading Revenue [Member] | Energies [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | ' | -1,030,886 | ' | -849,482 |
Frontier Masters Series [Member] | Realized Trading Revenue [Member] | Agriculturals [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | ' | -160,749 | ' | 528,378 |
Frontier Masters Series [Member] | Realized Trading Revenue [Member] | Interest rates [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | ' | 479,790 | ' | 3,815,021 |
Frontier Masters Series [Member] | Realized Trading Revenue [Member] | Stock indices [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | ' | 777,791 | ' | -658,159 |
The Frontier Fund [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | ' | ' | ' | -2,172,987 |
The Frontier Fund [Member] | Realized Trading Revenue [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | -18,537,056 | -14,031,019 | -31,209,297 | 5,493,499 |
The Frontier Fund [Member] | Realized Trading Revenue [Member] | Metals [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | -1,256,538 | -649,307 | 4,605,553 | -15,791,452 |
The Frontier Fund [Member] | Realized Trading Revenue [Member] | Currency [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | -12,540,668 | 7,835,846 | -19,298,175 | -6,365,741 |
The Frontier Fund [Member] | Realized Trading Revenue [Member] | Energies [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | -4,070,454 | -42,758,157 | -15,517,220 | -23,685,527 |
The Frontier Fund [Member] | Realized Trading Revenue [Member] | Agriculturals [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | -525,818 | 324,580 | -3,694,199 | -2,695,834 |
The Frontier Fund [Member] | Realized Trading Revenue [Member] | Interest rates [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | -7,030,426 | 12,963,102 | -33,752,578 | 47,939,795 |
The Frontier Fund [Member] | Realized Trading Revenue [Member] | Stock indices [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Realized Trading Revenue from Futures, Forwards and Options | $6,886,848 | $8,252,917 | $36,447,322 | $6,092,258 |
Derivative_Instruments_and_Hed4
Derivative Instruments and Hedging Activities - Net Change in Open Trade Equity from Futures, Forwards and Options (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Open Trade Equity [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | $2,716,062 | ' | ' | ' |
Open Trade Equity [Member] | Metals [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | -9,845,278 | ' | ' | ' |
Open Trade Equity [Member] | Currency [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | 5,886,547 | ' | ' | ' |
Open Trade Equity [Member] | Energies [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | 4,049,891 | ' | ' | ' |
Open Trade Equity [Member] | Agriculturals [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | -189,046 | ' | ' | ' |
Open Trade Equity [Member] | Interest rates [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | 4,704,003 | ' | ' | ' |
Open Trade Equity [Member] | Stock indices [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | -1,890,055 | ' | ' | ' |
Open Trade Equity [Member] | Frontier Long/Short Commodity Series [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | 3,443,127 | 39,443,564 | 52,457 | 33,169,426 |
Open Trade Equity [Member] | Frontier Long/Short Commodity Series [Member] | Metals [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | 11,852 | 977,265 | 267,939 | 6,203,747 |
Open Trade Equity [Member] | Frontier Long/Short Commodity Series [Member] | Currency [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | -79,163 | -49,765 | -290,944 | 17,798,560 |
Open Trade Equity [Member] | Frontier Long/Short Commodity Series [Member] | Energies [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | 3,968,251 | 33,718,036 | 2,247,845 | 2,952,524 |
Open Trade Equity [Member] | Frontier Long/Short Commodity Series [Member] | Agriculturals [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | -485,107 | 6,164,516 | -77,320 | 10,232,405 |
Open Trade Equity [Member] | Frontier Long/Short Commodity Series [Member] | Interest rates [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | 193,720 | -367,133 | -1,557,340 | -4,147,506 |
Open Trade Equity [Member] | Frontier Long/Short Commodity Series [Member] | Stock indices [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | -166,426 | -999,355 | -537,723 | 129,696 |
Open Trade Equity [Member] | Balanced Series [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | -1,457,328 | -2,873,395 | -257,325 | -337,037 |
Open Trade Equity [Member] | Balanced Series [Member] | Metals [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | -782,565 | -1,564,940 | 3,276,949 | -331,441 |
Open Trade Equity [Member] | Balanced Series [Member] | Currency [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | 47,821 | -2,430,043 | -2,720,964 | -342,917 |
Open Trade Equity [Member] | Balanced Series [Member] | Energies [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | -249,184 | 192,441 | -1,905,647 | -1,032,360 |
Open Trade Equity [Member] | Balanced Series [Member] | Agriculturals [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | -314,017 | -994,834 | 192,134 | -2,648,196 |
Open Trade Equity [Member] | Balanced Series [Member] | Interest rates [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | 660,515 | 4,121,352 | 315,767 | 5,620,385 |
Open Trade Equity [Member] | Balanced Series [Member] | Stock indices [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | -819,898 | -2,197,371 | 584,436 | -1,602,508 |
Open Trade Equity [Member] | Diversified Series [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | ' | -566,777 | ' |
Open Trade Equity [Member] | Diversified Series [Member] | Metals [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | ' | 608,392 | ' |
Open Trade Equity [Member] | Diversified Series [Member] | Currency [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | ' | -1,191,389 | ' |
Open Trade Equity [Member] | Diversified Series [Member] | Energies [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | ' | 2,210 | ' |
Open Trade Equity [Member] | Diversified Series [Member] | Agriculturals [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | ' | -21,226 | ' |
Open Trade Equity [Member] | Diversified Series [Member] | Interest rates [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | ' | 79,060 | ' |
Open Trade Equity [Member] | Diversified Series [Member] | Stock indices [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | ' | -43,824 | ' |
Open Trade Equity [Member] | Frontier Masters Series [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | -158,295 | ' | -1,006,677 |
Open Trade Equity [Member] | Frontier Masters Series [Member] | Metals [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | 198,371 | ' | 230,263 |
Open Trade Equity [Member] | Frontier Masters Series [Member] | Currency [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | -57,024 | ' | -129,384 |
Open Trade Equity [Member] | Frontier Masters Series [Member] | Energies [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | -105,715 | ' | -707,102 |
Open Trade Equity [Member] | Frontier Masters Series [Member] | Agriculturals [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | -8,816 | ' | -231,283 |
Open Trade Equity [Member] | Frontier Masters Series [Member] | Interest rates [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | 210,079 | ' | 125,432 |
Open Trade Equity [Member] | Frontier Masters Series [Member] | Stock indices [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | -395,190 | ' | -294,603 |
The Frontier Fund [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | ' | ' | 2,084,880 |
The Frontier Fund [Member] | Open Trade Equity [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | 36,395,403 | 1,579,799 | 25,316,847 |
The Frontier Fund [Member] | Open Trade Equity [Member] | Metals [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | -2,999,805 | 6,049,692 | 3,720,493 |
The Frontier Fund [Member] | Open Trade Equity [Member] | Currency [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | -2,974,438 | 227,765 | 14,487,416 |
The Frontier Fund [Member] | Open Trade Equity [Member] | Energies [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | 35,116,173 | -409,807 | 529,216 |
The Frontier Fund [Member] | Open Trade Equity [Member] | Agriculturals [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | 3,858,004 | 1,089,106 | 5,288,536 |
The Frontier Fund [Member] | Open Trade Equity [Member] | Interest rates [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | 8,135,147 | -1,408,414 | 5,776,926 |
The Frontier Fund [Member] | Open Trade Equity [Member] | Stock indices [Member] | ' | ' | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' | ' | ' |
Net Change in Open Trade Equity from Futures, Forwards and Options | ' | ($4,739,678) | ($3,968,543) | ($4,485,740) |
Derivative_Instruments_and_Hed5
Derivative Instruments and Hedging Activities - Summary of Derivative Assets and Liabilities Disclosed on Statements of Financial Condition Related to Various Series (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Frontier Long/Short Commodity Series [Member] | Total Open Trade Equity (Deficit) [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Gross Amounts of recognized Derivative Assets | $324,075 | $3,314,175 |
Gross Amounts of recognized Derivative Liabilities | -524,366 | -4,133,710 |
Net Amounts of Derivative Assets and Liabilities | -200,291 | -819,535 |
Frontier Long/Short Commodity Series [Member] | Options Written [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Gross Amounts of recognized Derivative Liabilities | -29,302 | -928,690 |
Net Amounts of Derivative Assets and Liabilities | -29,302 | -928,690 |
Frontier Long/Short Commodity Series [Member] | Receivable from Futures Commissions Merchants [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Gross Amounts of recognized Derivative Assets | 11,641,316 | 22,276,098 |
Gross Amounts of recognized Derivative Liabilities | -4,719,275 | -7,505,125 |
Net Amounts of Derivative Assets and Liabilities | 6,922,041 | 14,770,973 |
Balanced Series [Member] | Total Open Trade Equity (Deficit) [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Gross Amounts of recognized Derivative Assets | 954,671 | 4,215,436 |
Gross Amounts of recognized Derivative Liabilities | -1,152,345 | -4,887,947 |
Net Amounts of Derivative Assets and Liabilities | -197,674 | -672,511 |
Balanced Series [Member] | Options Written [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Gross Amounts of recognized Derivative Liabilities | -467,791 | -165,363 |
Net Amounts of Derivative Assets and Liabilities | -467,791 | -165,363 |
Balanced Series [Member] | Receivable from Futures Commissions Merchants [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Gross Amounts of recognized Derivative Assets | 26,647,861 | 98,277,094 |
Gross Amounts of recognized Derivative Liabilities | -5,699,593 | -6,233,501 |
Net Amounts of Derivative Assets and Liabilities | $20,948,268 | $92,043,593 |
Trading_Activities_and_Related1
Trading Activities and Related Risks - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2013 | |
Trading Activity, Gains and Losses, Net [Line Items] | ' |
Percentage of loss realize by the holder of Units in Series | 100.00% |
The Frontier Fund [Member] | ' |
Trading Activity, Gains and Losses, Net [Line Items] | ' |
Percentage of loss realize by the holder of Units in Series | 100.00% |
Maximum [Member] | ' |
Trading Activity, Gains and Losses, Net [Line Items] | ' |
Trading advisor's margin-to-equity ratio percentage | 35.00% |
Maximum [Member] | The Frontier Fund [Member] | ' |
Trading Activity, Gains and Losses, Net [Line Items] | ' |
Trading advisor's margin-to-equity ratio percentage | 35.00% |
Derivative_Instruments_and_Hed6
Derivative Instruments and Hedging Activities - Additional Information (Detail) (The Frontier Fund [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
The Frontier Fund [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Number of monthly average of futures contracts purchased | $10,766 | $20,100 | $66,741 | $49,800 |
Number of monthly average futures contracts sold | $10,686 | $19,100 | $73,229 | $52,900 |
Derivative_Instruments_and_Hed7
Derivative Instruments and Hedging Activities - Summary of Derivative Assets and Liabilities Disclosed on Statements of Financial Condition (Detail) (The Frontier Fund [Member], USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Total Open Trade Equity (Deficit) [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Gross Amounts of recognized Derivative Assets | $7,790,953 | $22,637,635 |
Gross Amounts of recognized Derivative Liabilities | -847,761 | -10,520,986 |
Net Amounts of Derivative Assets and Liabilities | 6,943,192 | 12,116,649 |
Options Written [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Gross Amounts of recognized Derivative Liabilities | -1,586,908 | -4,199,198 |
Net Amounts of Derivative Assets and Liabilities | -1,586,908 | -4,199,198 |
Receivable from Futures Commissions Merchants [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Gross Amounts of recognized Derivative Assets | 150,657,924 | 225,653,255 |
Gross Amounts of recognized Derivative Liabilities | -83,917,517 | -77,624,026 |
Net Amounts of Derivative Assets and Liabilities | $66,740,407 | $148,029,229 |