Document and Entity Information
Document and Entity Information | 6 Months Ended |
Jun. 30, 2017shares | |
Document And Entity Information [Abstract] | |
Entity Registrant Name | Frontier Funds |
Entity Central Index Key | 1,261,379 |
Trading Symbol | FRFD |
Document Type | 10-Q |
Entity Filer Category | Non-accelerated Filer |
Amendment Flag | false |
Current Fiscal Year End Date | --12-31 |
Document Period End Date | Jun. 30, 2017 |
Document Fiscal Year Focus | 2,017 |
Document Fiscal Period Focus | Q2 |
Entity Common Stock, Shares Outstanding | 0 |
Statements of Financial Conditi
Statements of Financial Condition (Unaudited) - USD ($) | Jun. 30, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and cash equivalents | $ 38,947,771 | $ 4,747,043 |
U.S. Treasury securities, at fair value | 12,160,193 | 42,757,604 |
Receivable from futures commission merchants | 20,620,806 | 32,852,013 |
Open trade equity, at fair value | 2,146,207 | |
Swap contracts, at fair value | 36,020,244 | 40,189,178 |
Investments in private investment companies, at fair value | 73,258,791 | 107,717,118 |
Interest receivable | 760,046 | 798,053 |
Receivable from related parties | 87,670 | |
Other assets | 369,483 | |
Total Assets | 182,137,334 | 231,294,886 |
LIABILITIES | ||
Open trade deficit, at fair value | 1,403,364 | |
Owner redemptions payable | 28,631,005 | 1,137,772 |
Management fees payable to Managing Owner | 247,900 | 433,430 |
Interest payable to Managing Owner | 194,588 | 63,275 |
Service fees payable to Managing Owner | 258,556 | 239,520 |
Trading fees payable to Managing Owner | 503,707 | 523,099 |
Payables to related parties | 85,078 | |
Risk analysis fees payable | 76,510 | 15,673 |
Advance on unrealized Swap Appreciation | 9,441,555 | 9,441,555 |
Other liabilities | 18,432 | 144,049 |
Total Liabilities | 40,775,617 | 12,083,451 |
Total Owners' Capital | 141,361,717 | 219,211,435 |
Total Capital | 141,361,717 | 219,211,435 |
Total Liabilities and Capital | 182,137,334 | 231,294,886 |
Managing Owner [Member] | ||
LIABILITIES | ||
Managing Owner Units | 1,381,735 | 2,276,211 |
Total Capital | 1,381,735 | 2,276,211 |
Limited Owners [Member] | ||
LIABILITIES | ||
Limited Owner Units | 139,979,982 | 216,935,224 |
Total Capital | 139,979,982 | 216,935,224 |
Equinox Frontier Diversified Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 12,860,337 | 674,227 |
U.S. Treasury securities, at fair value | 4,015,228 | 6,525,280 |
Swap contracts, at fair value | 8,640,202 | 8,637,847 |
Investments in private investment companies, at fair value | 19,873,433 | 38,845,974 |
Investments in unconsolidated trading companies, at fair value | 2,526,317 | 4,201,628 |
Interest receivable | 265,077 | 121,792 |
Receivable from related parties | 231,671 | |
Other assets | 158,282 | |
Total Assets | 48,338,876 | 59,238,419 |
LIABILITIES | ||
Owner redemptions payable | 18,925,175 | 61,482 |
Management fees payable to Managing Owner | 23,496 | |
Interest payable to Managing Owner | ||
Service fees payable to Managing Owner | 61,852 | 15,193 |
Trading fees payable to Managing Owner | 145,020 | 147,183 |
Payables to related parties | 12,252 | |
Advance on unrealized Swap Appreciation | 2,500,000 | 2,500,000 |
Other liabilities | 19,674 | |
Total Liabilities | 21,644,299 | 2,767,028 |
Total Owners' Capital | 26,694,577 | 56,471,391 |
Non-Controlling Interests | ||
Total Capital | 26,694,577 | 56,471,391 |
Total Liabilities and Capital | $ 48,338,876 | $ 59,238,419 |
Equinox Frontier Diversified Fund [Member] | Class Two [Member] | ||
LIABILITIES | ||
Units Outstanding | 287,586 | |
Net Asset Value per Unit | $ 132.94 | |
Equinox Frontier Diversified Fund [Member] | Owner Class One [Member] | ||
LIABILITIES | ||
Units Outstanding | 31,739 | 44,569 |
Net Asset Value per Unit | $ 111.73 | $ 116.43 |
Equinox Frontier Diversified Fund [Member] | Owner Class Two [Member] | ||
LIABILITIES | ||
Units Outstanding | 96,362 | |
Net Asset Value per Unit | $ 128.62 | |
Equinox Frontier Diversified Fund [Member] | Owner Class Three [Member] | ||
LIABILITIES | ||
Units Outstanding | 90,061 | 105,869 |
Net Asset Value per Unit | $ 119.42 | $ 123.27 |
Equinox Frontier Diversified Fund [Member] | Managing Owner [Member] | Class Two [Member] | ||
LIABILITIES | ||
Managing Owner Units | $ 45,781 | $ 460,196 |
Total Capital | $ 45,781 | $ 460,196 |
Units Outstanding | 356 | 3,462 |
Equinox Frontier Diversified Fund [Member] | Managing Owner [Member] | Class Three [Member] | ||
LIABILITIES | ||
Managing Owner Units | $ 202,536 | $ 33,899 |
Total Capital | $ 202,536 | $ 33,899 |
Units Outstanding | 1,696 | 275 |
Equinox Frontier Diversified Fund [Member] | Limited Owners [Member] | Class Two [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 12,348,053 | $ 37,771,385 |
Total Capital | $ 12,348,053 | $ 37,771,385 |
Units Outstanding | 96,006 | 284,124 |
Equinox Frontier Diversified Fund [Member] | Limited Owners [Member] | Class Three [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 10,552,123 | $ 13,016,491 |
Total Capital | $ 10,552,123 | $ 13,016,491 |
Units Outstanding | 88,365 | 105,594 |
Equinox Frontier Diversified Fund [Member] | Limited Owners [Member] | Class One [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 3,546,084 | $ 5,189,420 |
Total Capital | $ 3,546,084 | $ 5,189,420 |
Units Outstanding | 31,739 | 44,569 |
Equinox Frontier Masters Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | $ 3,254,514 | $ 546,509 |
U.S. Treasury securities, at fair value | 1,016,118 | 4,313,843 |
Swap contracts, at fair value | ||
Investments in private investment companies, at fair value | 7,927,701 | 5,653,708 |
Investments in unconsolidated trading companies, at fair value | 1,106,108 | 6,678,106 |
Interest receivable | 37,063 | 80,516 |
Receivable from related parties | 12,774 | 153,157 |
Other assets | 46,620 | |
Total Assets | 13,400,898 | 17,425,839 |
LIABILITIES | ||
Owner redemptions payable | 48,214 | 131,841 |
Management fees payable to Managing Owner | 50,174 | |
Interest payable to Managing Owner | ||
Service fees payable to Managing Owner | 14,211 | 9,037 |
Trading fees payable to Managing Owner | 56,704 | 57,890 |
Payables to related parties | ||
Advance on unrealized Swap Appreciation | ||
Other liabilities | 7,590 | |
Total Liabilities | 119,129 | 256,532 |
Total Owners' Capital | 13,281,769 | 17,169,307 |
Non-Controlling Interests | ||
Total Capital | 13,281,769 | 17,169,307 |
Total Liabilities and Capital | $ 13,400,898 | $ 17,425,839 |
Equinox Frontier Masters Fund [Member] | Owner Class One [Member] | ||
LIABILITIES | ||
Units Outstanding | 34,298 | 47,531 |
Net Asset Value per Unit | $ 102.39 | $ 112.8 |
Equinox Frontier Masters Fund [Member] | Owner Class Two [Member] | ||
LIABILITIES | ||
Units Outstanding | 31,665 | 43,933 |
Net Asset Value per Unit | $ 117.9 | $ 128.78 |
Equinox Frontier Masters Fund [Member] | Owner Class Three [Member] | ||
LIABILITIES | ||
Units Outstanding | 54,927 | 51,297 |
Net Asset Value per Unit | $ 109.9 | $ 119.89 |
Equinox Frontier Masters Fund [Member] | Managing Owner [Member] | Class Two [Member] | ||
LIABILITIES | ||
Managing Owner Units | $ 99,236 | $ 336,691 |
Total Capital | $ 99,236 | $ 336,691 |
Units Outstanding | 852 | 2,615 |
Equinox Frontier Masters Fund [Member] | Managing Owner [Member] | Class Three [Member] | ||
LIABILITIES | ||
Managing Owner Units | $ 29,856 | $ 32,970 |
Total Capital | $ 29,856 | $ 32,970 |
Units Outstanding | 275 | 275 |
Equinox Frontier Masters Fund [Member] | Limited Owners [Member] | Class Two [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 3,634,222 | $ 5,320,871 |
Total Capital | $ 3,634,222 | $ 5,320,871 |
Units Outstanding | 30,813 | 41,318 |
Equinox Frontier Masters Fund [Member] | Limited Owners [Member] | Class Three [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 6,006,515 | $ 6,117,149 |
Total Capital | $ 6,006,515 | $ 6,117,149 |
Units Outstanding | 54,652 | 51,022 |
Equinox Frontier Masters Fund [Member] | Limited Owners [Member] | Class One [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 3,511,940 | $ 5,361,626 |
Total Capital | $ 3,511,940 | $ 5,361,626 |
Units Outstanding | 34,298 | 47,530 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | $ 716,998 | |
U.S. Treasury securities, at fair value | 223,860 | |
Swap contracts, at fair value | 609,989 | 4,220,468 |
Investments in private investment companies, at fair value | 4,325,633 | 6,715,142 |
Investments in unconsolidated trading companies, at fair value | 45,947 | |
Interest receivable | 4,969 | |
Receivable from related parties | 11,280 | 87,670 |
Other assets | 5,129 | |
Total Assets | 5,943,805 | 11,023,280 |
LIABILITIES | ||
Owner redemptions payable | 79,948 | 5,738 |
Management fees payable to Managing Owner | ||
Interest payable to Managing Owner | 3,091 | |
Service fees payable to Managing Owner | 1,591 | 3,542 |
Trading fees payable to Managing Owner | 20,034 | 23,478 |
Payables to related parties | 1,603,124 | |
Advance on unrealized Swap Appreciation | 115,000 | 115,000 |
Other liabilities | 36 | 6,871 |
Total Liabilities | 219,700 | 1,757,753 |
Total Owners' Capital | 5,724,105 | 9,265,527 |
Non-Controlling Interests | ||
Total Capital | 5,724,105 | 9,265,527 |
Total Liabilities and Capital | $ 5,943,805 | $ 11,023,280 |
Equinox Frontier Long/Short Commodity Fund [Member] | Owner Class Two [Member] | ||
LIABILITIES | ||
Units Outstanding | 2,927 | 6,240 |
Net Asset Value per Unit | $ 116.35 | $ 129.56 |
Equinox Frontier Long/Short Commodity Fund [Member] | Owner Class Three [Member] | ||
LIABILITIES | ||
Units Outstanding | 24,924 | 33,685 |
Net Asset Value per Unit | $ 122.06 | $ 130.8 |
Equinox Frontier Long/Short Commodity Fund [Member] | Owner Class One A [Member] | ||
LIABILITIES | ||
Units Outstanding | 4,782 | 20,628 |
Net Asset Value per Unit | $ 83.63 | $ 92.78 |
Equinox Frontier Long/Short Commodity Fund [Member] | Owner Class Two A [Member] | ||
LIABILITIES | ||
Units Outstanding | 5,513 | 9,115 |
Net Asset Value per Unit | $ 95.39 | $ 105.67 |
Equinox Frontier Long/Short Commodity Fund [Member] | Owner Class Three A [Member] | ||
LIABILITIES | ||
Units Outstanding | 14,190 | 10,925 |
Net Asset Value per Unit | $ 99.76 | $ 107.5 |
Equinox Frontier Long/Short Commodity Fund [Member] | Managing Owner [Member] | Class Two [Member] | ||
LIABILITIES | ||
Managing Owner Units | $ 18,779 | $ 299,889 |
Total Capital | $ 18,779 | $ 299,889 |
Units Outstanding | 161 | 2,316 |
Equinox Frontier Long/Short Commodity Fund [Member] | Managing Owner [Member] | Class Twoa [Member] | ||
LIABILITIES | ||
Managing Owner Units | $ 34,762 | $ 234,742 |
Total Capital | $ 34,762 | $ 234,742 |
Units Outstanding | 364 | 2,222 |
Equinox Frontier Long/Short Commodity Fund [Member] | Managing Owner [Member] | Class Threea [Member] | ||
LIABILITIES | ||
Managing Owner Units | $ 1,791 | $ 11,715 |
Total Capital | $ 1,791 | $ 11,715 |
Units Outstanding | 18 | 109 |
Equinox Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | Class Two [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 321,710 | $ 508,474 |
Total Capital | $ 321,710 | $ 508,474 |
Units Outstanding | 2,766 | 3,924 |
Equinox Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | Class Three [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 3,042,194 | $ 4,405,863 |
Total Capital | $ 3,042,194 | $ 4,405,863 |
Units Outstanding | 24,924 | 33,685 |
Equinox Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | Class Twoa [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 491,089 | $ 728,453 |
Total Capital | $ 491,089 | $ 728,453 |
Units Outstanding | 5,149 | 6,893 |
Equinox Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | Class Threea [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 1,413,866 | $ 1,162,796 |
Total Capital | $ 1,413,866 | $ 1,162,796 |
Units Outstanding | 14,172 | 10,816 |
Equinox Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | Class Onea [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 399,914 | $ 1,913,595 |
Total Capital | $ 399,914 | $ 1,913,595 |
Units Outstanding | 4,782 | 20,628 |
Equinox Frontier Balanced Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | $ 5,940,693 | $ 1,083,579 |
U.S. Treasury securities, at fair value | 1,854,791 | 9,770,117 |
Receivable from futures commission merchants | 6,707,393 | 6,647,098 |
Open trade equity, at fair value | 237,661 | |
Swap contracts, at fair value | 19,003,366 | 18,939,450 |
Investments in private investment companies, at fair value | 35,523,464 | 45,305,273 |
Investments in unconsolidated trading companies, at fair value | 2,693,806 | 5,965,331 |
Interest receivable | 254,210 | 182,355 |
Receivable from related parties | 346,875 | |
Other assets | 43,027 | |
Total Assets | 72,020,750 | 88,477,739 |
LIABILITIES | ||
Open trade deficit, at fair value | 140,305 | |
Owner redemptions payable | 8,952,305 | 780,970 |
Management fees payable to Managing Owner | 3,817 | 25,217 |
Interest payable to Managing Owner | 184,466 | 21,606 |
Service fees payable to Managing Owner | 116,539 | 129,956 |
Trading fees payable to Managing Owner | 198,617 | 203,324 |
Payables to related parties | 191,819 | |
Risk analysis fees payable | 6,579 | 1,155 |
Advance on unrealized Swap Appreciation | 4,926,555 | 4,926,555 |
Other liabilities | 21,075 | 89,585 |
Total Liabilities | 14,742,077 | 6,178,368 |
Total Owners' Capital | 57,278,673 | 82,299,371 |
Non-Controlling Interests | ||
Total Capital | 57,278,673 | 82,299,371 |
Total Liabilities and Capital | $ 72,020,750 | $ 88,477,739 |
Equinox Frontier Balanced Fund [Member] | Owner Class One [Member] | ||
LIABILITIES | ||
Units Outstanding | 342,067 | 422,529 |
Net Asset Value per Unit | $ 129.84 | $ 134.8 |
Equinox Frontier Balanced Fund [Member] | Owner Class Two [Member] | ||
LIABILITIES | ||
Units Outstanding | 54,150 | 114,886 |
Net Asset Value per Unit | $ 190.62 | $ 194.99 |
Equinox Frontier Balanced Fund [Member] | Owner Class Two A [Member] | ||
LIABILITIES | ||
Units Outstanding | 3,230 | 3,054 |
Net Asset Value per Unit | $ 165.77 | $ 169.05 |
Equinox Frontier Balanced Fund [Member] | Owner Class Three A [Member] | ||
LIABILITIES | ||
Units Outstanding | 8,659 | 10,380 |
Net Asset Value per Unit | $ 165.22 | $ 168.49 |
Equinox Frontier Balanced Fund [Member] | Owner Class One AP [Member] | ||
LIABILITIES | ||
Units Outstanding | 4,066 | 4,671 |
Net Asset Value per Unit | $ 141.71 | $ 144.97 |
Equinox Frontier Balanced Fund [Member] | Managing Owner [Member] | Class Two [Member] | ||
LIABILITIES | ||
Managing Owner Units | $ 238,580 | $ 530,387 |
Total Capital | $ 238,580 | $ 530,387 |
Units Outstanding | 1,251 | 2,720 |
Equinox Frontier Balanced Fund [Member] | Managing Owner [Member] | Class Twoa [Member] | ||
LIABILITIES | ||
Managing Owner Units | $ 323,158 | $ 209,112 |
Total Capital | $ 323,158 | $ 209,112 |
Units Outstanding | 1,949 | 1,237 |
Equinox Frontier Balanced Fund [Member] | Limited Owners [Member] | Class Two [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 10,083,568 | $ 21,871,170 |
Total Capital | $ 10,083,568 | $ 21,871,170 |
Units Outstanding | 52,899 | 112,166 |
Equinox Frontier Balanced Fund [Member] | Limited Owners [Member] | Class One [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 44,414,176 | $ 56,955,371 |
Total Capital | $ 44,414,176 | $ 56,955,371 |
Units Outstanding | 342,067 | 422,530 |
Equinox Frontier Balanced Fund [Member] | Limited Owners [Member] | Class Twoa [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 212,270 | $ 307,144 |
Total Capital | $ 212,270 | $ 307,144 |
Units Outstanding | 1,281 | 1,817 |
Equinox Frontier Balanced Fund [Member] | Limited Owners [Member] | Class Threea [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 1,430,724 | $ 1,749,006 |
Total Capital | $ 1,430,724 | $ 1,749,006 |
Units Outstanding | 8,659 | 10,380 |
Equinox Frontier Balanced Fund [Member] | Limited Owners [Member] | Class OneAP [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 576,197 | $ 677,181 |
Total Capital | $ 576,197 | $ 677,181 |
Units Outstanding | 4,066 | 4,671 |
Equinox Frontier Select Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | $ 1,193,426 | $ 432,021 |
U.S. Treasury securities, at fair value | 372,609 | 2,912,611 |
Receivable from futures commission merchants | 8,208,218 | |
Open trade equity, at fair value | 686,022 | |
Swap contracts, at fair value | ||
Investments in private investment companies, at fair value | 3,112,675 | |
Investments in unconsolidated trading companies, at fair value | 2,920,866 | 3,910,866 |
Interest receivable | 27,327 | 54,363 |
Receivable from related parties | 103,407 | |
Other assets | 13,222 | |
Total Assets | 7,640,125 | 16,307,508 |
LIABILITIES | ||
Open trade deficit, at fair value | ||
Owner redemptions payable | 23,187 | 134,579 |
Management fees payable to Managing Owner | 21,219 | |
Interest payable to Managing Owner | 3,276 | 3,518 |
Service fees payable to Managing Owner | 18,069 | 25,966 |
Trading fees payable to Managing Owner | 15,892 | 18,129 |
Payables to related parties | 10,231 | |
Risk analysis fees payable | 2,303 | |
Advance on unrealized Swap Appreciation | ||
Other liabilities | 11,939 | |
Total Liabilities | 70,655 | 217,653 |
Total Owners' Capital | 7,569,470 | 11,982,039 |
Non-Controlling Interests | 4,107,816 | |
Total Capital | 7,569,470 | 16,089,855 |
Total Liabilities and Capital | $ 7,640,125 | $ 16,307,508 |
Equinox Frontier Select Fund [Member] | Owner Class One [Member] | ||
LIABILITIES | ||
Units Outstanding | 82,349 | 112,059 |
Net Asset Value per Unit | $ 78.79 | $ 94.06 |
Equinox Frontier Select Fund [Member] | Owner Class Two [Member] | ||
LIABILITIES | ||
Units Outstanding | 9,283 | 10,514 |
Net Asset Value per Unit | $ 114.11 | $ 134.25 |
Equinox Frontier Select Fund [Member] | Owner Class One AP [Member] | ||
LIABILITIES | ||
Units Outstanding | 253 | 296 |
Net Asset Value per Unit | $ 85.9 | $ 101.16 |
Equinox Frontier Select Fund [Member] | Managing Owner [Member] | Class Two [Member] | ||
LIABILITIES | ||
Managing Owner Units | $ 76,149 | $ 9,397 |
Total Capital | $ 76,149 | $ 9,397 |
Units Outstanding | 667 | 70 |
Equinox Frontier Select Fund [Member] | Limited Owners [Member] | Class Two [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 983,159 | $ 1,402,043 |
Total Capital | $ 983,159 | $ 1,402,043 |
Units Outstanding | 8,616 | 10,444 |
Equinox Frontier Select Fund [Member] | Limited Owners [Member] | Class One [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 6,488,427 | $ 10,540,702 |
Total Capital | $ 6,488,427 | $ 10,540,702 |
Units Outstanding | 82,349 | 112,059 |
Equinox Frontier Select Fund [Member] | Limited Owners [Member] | Class OneAP [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 21,735 | $ 29,897 |
Total Capital | $ 21,735 | $ 29,897 |
Units Outstanding | 253 | 296 |
Equinox Frontier Winton Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | $ 12,975,257 | $ 1,628,208 |
U.S. Treasury securities, at fair value | 4,051,108 | 15,533,863 |
Receivable from futures commission merchants | 13,913,413 | 17,996,697 |
Open trade equity, at fair value | 1,222,524 | |
Swap contracts, at fair value | ||
Investments in unconsolidated trading companies, at fair value | 831,492 | 4,072,450 |
Interest receivable | 137,416 | 289,933 |
Receivable from related parties | 199,784 | 551,508 |
Other assets | 92,810 | |
Total Assets | 32,201,280 | 41,295,183 |
LIABILITIES | ||
Open trade deficit, at fair value | 1,263,059 | |
Owner redemptions payable | 417,033 | 23,162 |
Management fees payable to Managing Owner | 244,083 | 256,824 |
Interest payable to Managing Owner | 30,730 | |
Service fees payable to Managing Owner | 37,136 | 39,370 |
Trading fees payable to Managing Owner | 50,609 | 55,142 |
Payables to related parties | ||
Risk analysis fees payable | 69,931 | 12,215 |
Advance on unrealized Swap Appreciation | ||
Other liabilities | 3,634 | 2,880 |
Total Liabilities | 2,085,485 | 420,323 |
Total Owners' Capital | 24,134,396 | 31,766,526 |
Non-Controlling Interests | 5,981,399 | 9,108,334 |
Total Capital | 30,115,795 | 40,874,860 |
Total Liabilities and Capital | $ 32,201,280 | $ 41,295,183 |
Equinox Frontier Winton Fund [Member] | Owner Class One [Member] | ||
LIABILITIES | ||
Units Outstanding | 94,303 | 131,283 |
Net Asset Value per Unit | $ 144.09 | $ 154.51 |
Equinox Frontier Winton Fund [Member] | Owner Class Two [Member] | ||
LIABILITIES | ||
Units Outstanding | 52,655 | 54,251 |
Net Asset Value per Unit | $ 199.66 | $ 210.98 |
Equinox Frontier Winton Fund [Member] | Owner Class One AP [Member] | ||
LIABILITIES | ||
Units Outstanding | 214 | 214 |
Net Asset Value per Unit | $ 157.26 | $ 166.17 |
Equinox Frontier Winton Fund [Member] | Managing Owner [Member] | Class Two [Member] | ||
LIABILITIES | ||
Managing Owner Units | $ 243,273 | $ 43,553 |
Total Capital | $ 243,273 | $ 43,553 |
Units Outstanding | 1,218 | 207 |
Equinox Frontier Winton Fund [Member] | Limited Owners [Member] | Class Two [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 10,269,832 | $ 11,402,560 |
Total Capital | $ 10,269,832 | $ 11,402,560 |
Units Outstanding | 51,437 | 54,044 |
Equinox Frontier Winton Fund [Member] | Limited Owners [Member] | Class One [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 13,587,716 | $ 20,284,935 |
Total Capital | $ 13,587,716 | $ 20,284,935 |
Units Outstanding | 94,303 | 131,283 |
Equinox Frontier Winton Fund [Member] | Limited Owners [Member] | Class OneAP [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 33,575 | $ 35,478 |
Total Capital | $ 33,575 | $ 35,478 |
Units Outstanding | 214 | 214 |
Equinox Frontier Heritage Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | $ 2,006,544 | $ 382,499 |
U.S. Treasury securities, at fair value | 626,479 | 3,701,890 |
Receivable from futures commission merchants | ||
Open trade equity, at fair value | ||
Swap contracts, at fair value | 7,766,687 | 8,391,414 |
Investments in unconsolidated trading companies, at fair value | 1,197,135 | 2,744,640 |
Interest receivable | 33,984 | 69,095 |
Receivable from related parties | 131,430 | |
Other assets | 16,708 | |
Total Assets | 11,647,537 | 15,420,968 |
LIABILITIES | ||
Open trade deficit, at fair value | ||
Owner redemptions payable | 185,143 | |
Management fees payable to Managing Owner | 56,501 | |
Interest payable to Managing Owner | 3,756 | 7,420 |
Service fees payable to Managing Owner | 9,157 | 16,457 |
Trading fees payable to Managing Owner | 16,830 | 17,953 |
Payables to related parties | 9,536 | |
Risk analysis fees payable | ||
Advance on unrealized Swap Appreciation | 1,900,000 | 1,900,000 |
Other liabilities | 18,085 | |
Total Liabilities | 2,124,422 | 2,016,416 |
Total Owners' Capital | 6,678,727 | 10,257,273 |
Non-Controlling Interests | 2,844,388 | 3,147,279 |
Total Capital | 9,523,115 | 13,404,552 |
Total Liabilities and Capital | $ 11,647,537 | $ 15,420,968 |
Equinox Frontier Heritage Fund [Member] | Owner Class One [Member] | ||
LIABILITIES | ||
Units Outstanding | 52,234 | 62,779 |
Net Asset Value per Unit | $ 108.98 | $ 119.58 |
Equinox Frontier Heritage Fund [Member] | Owner Class Two [Member] | ||
LIABILITIES | ||
Units Outstanding | 6,162 | 15,946 |
Net Asset Value per Unit | $ 159.18 | $ 172.1 |
Equinox Frontier Heritage Fund [Member] | Owner Class One AP [Member] | ||
LIABILITIES | ||
Units Outstanding | 45 | 45 |
Net Asset Value per Unit | $ 118.94 | $ 128.6 |
Equinox Frontier Heritage Fund [Member] | Managing Owner [Member] | Class Two [Member] | ||
LIABILITIES | ||
Managing Owner Units | $ 67,834 | $ 73,660 |
Equinox Frontier Heritage Fund [Member] | Managing Owner [Member] | Class Twoa [Member] | ||
LIABILITIES | ||
Total Capital | $ 67,834 | $ 73,660 |
Units Outstanding | 426 | 428 |
Equinox Frontier Heritage Fund [Member] | Limited Owners [Member] | Class Two [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 913,051 | $ 2,670,715 |
Equinox Frontier Heritage Fund [Member] | Limited Owners [Member] | Class One [Member] | ||
LIABILITIES | ||
Limited Owner Units | 5,692,454 | 7,507,072 |
Total Capital | $ 5,692,454 | $ 7,507,072 |
Units Outstanding | 52,234 | 62,779 |
Equinox Frontier Heritage Fund [Member] | Limited Owners [Member] | Class Twoa [Member] | ||
LIABILITIES | ||
Total Capital | $ 913,051 | $ 2,670,715 |
Units Outstanding | 5,736 | 15,518 |
Equinox Frontier Heritage Fund [Member] | Limited Owners [Member] | Class OneAP [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 5,388 | $ 5,826 |
Total Capital | $ 5,388 | $ 5,826 |
Units Outstanding | 45 | 45 |
Condensed Schedule of Investmen
Condensed Schedule of Investments (Unaudited) - USD ($) | Jun. 30, 2017 | Dec. 31, 2016 | |
Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 4.35% | 5.28% | |
Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 2.82% | 2.98% | |
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 5.19% | 5.10% | |
Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 7.50% | 9.33% | |
Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 5.91% | 8.78% | |
Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.41% | 1.78% | |
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 1.74% | 2.12% | |
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 14.84% | ||
Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 1.92% | 3.46% | |
Galaxy Plus Fund - TT Feeder Fund (531) LLC | |||
Investment Owned, % of Total Capital (Net Asset Value) | 3.92% | ||
Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 1.77% | 5.11% | |
SWAPS | |||
Investment Owned, Fair Value | [1] | $ 36,020,244 | $ 40,189,178 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 25.47% | 19.10% |
SWAPS | Frontier XXXV Diversified select swap (U.S.) [Member] | |||
Investment Owned, Fair Value | [1] | $ 8,640,202 | $ 8,637,847 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 6.11% | 4.10% |
SWAPS | Frontier XXXVII L/S select swap (U.S.) [Member] | |||
Investment Owned, Fair Value | [1] | $ 609,989 | $ 4,220,467 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.43% | 2.01% |
SWAPS | Frontier XXXIV Balanced select swap (U.S.) [Member] | |||
Investment Owned, Fair Value | [1] | $ 19,003,366 | $ 18,939,450 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 13.44% | 9.00% |
SWAPS | Frontier Brevan Howard swap (U.S.) [Member] | |||
Investment Owned, Fair Value | [1] | $ 7,766,687 | $ 8,391,414 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 5.49% | 3.99% |
Private Investments Companies | |||
Investment Owned, Fair Value | [2] | $ 73,258,791 | $ 107,717,118 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 51.82% | 51.17% |
Private Investments Companies | Galaxy Plus Fund - Chesapeake Feeder Fund (518) [Member] | |||
Investment Owned, Fair Value | [2] | $ 2,052,543 | $ 11,465,608 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 1.45% | 5.45% |
Private Investments Companies | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 6,146,885 | $ 11,559,976 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 4.35% | 5.49% |
Private Investments Companies | Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 3,990,704 | $ 6,526,957 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 2.82% | 3.10% |
Private Investments Companies | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 7,337,849 | $ 11,174,877 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 5.19% | 5.31% |
Private Investments Companies | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 10,606,375 | $ 20,442,933 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 7.50% | 9.71% |
Private Investments Companies | Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 8,361,265 | $ 19,226,675 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 5.91% | 9.13% |
Private Investments Companies | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 572,587 | $ 3,899,040 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.41% | 1.85% |
Private Investments Companies | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 2,461,566 | $ 4,643,329 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 1.74% | 2.21% |
Private Investments Companies | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 20,978,840 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 14.84% | |
Private Investments Companies | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 2,717,928 | $ 7,580,703 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 1.92% | 3.60% |
Private Investments Companies | Galaxy Plus Fund - TT Feeder Fund (531) LLC | |||
Investment Owned, Fair Value | $ 5,536,364 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 3.92% | ||
Private Investments Companies | Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 2,495,885 | $ 11,197,020 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 1.77% | 5.32% |
US Treasury Securities [Member] | |||
Investment Owned, Fair Value | $ 12,160,193 | $ 42,757,604 | |
Investment Owned, % of Total Capital (Net Asset Value) | 8.60% | 20.31% | |
US Treasury Securities [Member] | US Treasury Note Six Percent [Member] | |||
Investment Owned, Fair Value | $ 22,193,498 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 10.54% | ||
Investment Owned, Underlying Face Amount, at Market Value | $ 15,900,000 | ||
US Treasury Securities [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | |||
Investment Owned, Fair Value | $ 12,160,193 | $ 20,564,106 | |
Investment Owned, % of Total Capital (Net Asset Value) | 8.60% | 9.77% | |
Investment Owned, Underlying Face Amount, at Market Value | $ 9,000,000 | $ 16,400,000 | |
Long Futures Contracts [Member] | |||
Investment Owned, Fair Value | [3] | $ (867,517) | $ 842,388 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.62%) | 0.38% |
Long Futures Contracts [Member] | Various Base Metals Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 30,281 | $ (20,244) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.02% | (0.01%) |
Long Futures Contracts [Member] | Various Energy Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 43,400 | $ 218,762 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.03% | 0.10% |
Long Futures Contracts [Member] | Various Interest Rates Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ (276,189) | $ 255,450 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.20%) | 0.12% |
Long Futures Contracts [Member] | Various Precious Metal Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (3,860) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Long Futures Contracts [Member] | Various Precious Metal Futures Contracts Far East [Member] | |||
Investment Owned, Fair Value | [3] | $ 1,950 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Long Futures Contracts [Member] | Various Soft Futures Contract (U.S.) [Member] | |||
Investment Owned, Fair Value | [3] | $ (15,183) | $ (178,253) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | (0.08%) |
Long Futures Contracts [Member] | Various Soft Futures Contracts (Far East) [Member] | |||
Investment Owned, Fair Value | [3] | $ 2,808 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Long Futures Contracts [Member] | Various Stock Index Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ (264,366) | $ 302,352 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.19%) | 0.14% |
Long Futures Contracts [Member] | Various Stock Index Futures Contracts Far East [Member] | |||
Investment Owned, Fair Value | [3] | $ (13,784) | $ 362,606 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | 0.17% |
Long Futures Contracts [Member] | Various Stock Index Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (134,046) | $ (284,324) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.09%) | (0.14%) |
Long Futures Contracts [Member] | Various Energy Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ 4,150 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Long Futures Contracts [Member] | Various Currency Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (16,716) | $ 50,242 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | 0.02% |
Long Futures Contracts [Member] | Various Interest Rates Futures Contracts Canada [Member] | |||
Investment Owned, Fair Value | [3] | $ (7,493) | $ (503) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | 0.00% |
Long Futures Contracts [Member] | Various Interest Rates Futures Contracts Oceanic [Member] | |||
Investment Owned, Fair Value | [3] | $ (54,767) | $ 103 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.04%) | 0.00% |
Long Futures Contracts [Member] | Various Interest Rates Futures Contracts Far East [Member] | |||
Investment Owned, Fair Value | [3] | $ (13,795) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | |
Long Futures Contracts [Member] | Various Currency Futures Contracts Europe | |||
Investment Owned, Fair Value | [3] | $ 4,770 | $ 73,909 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.04% |
Long Futures Contracts [Member] | Various Currency Futures Contracts Far East | |||
Investment Owned, Fair Value | [3] | $ 1,360 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Long Futures Contracts [Member] | Various Currency Futures Contracts (Oceanic) [Member] | |||
Investment Owned, Fair Value | [3] | $ (41,946) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.02%) | |
Long Futures Contracts [Member] | Various Interest Rates Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (147,366) | $ 25,285 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.10%) | 0.01% |
Long Futures Contracts [Member] | Various Stock Index Futures Contracts Canada [Member] | |||
Investment Owned, Fair Value | [3] | $ (2,666) | $ 925 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% |
Long Futures Contracts [Member] | Various Stock Index Futures Contracts Oceanic [Member] | |||
Investment Owned, Fair Value | [3] | $ 403 | $ 61,876 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.03% |
Long Futures Contracts [Member] | Various Energy Futures Contracts Far East [Member] | |||
Investment Owned, Fair Value | [3] | $ 8,788 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Long Futures Contracts [Member] | Various Soft Futures Contract Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ 1,956 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Long Futures Contracts [Member] | Various Soft Futures Contract (Canada) | |||
Investment Owned, Fair Value | [3] | $ (1,115) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Long Futures Contracts [Member] | Various Soft Futures Contract (Far East) | |||
Investment Owned, Fair Value | [3] | $ 111 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Short Futures Contracts [Member] | |||
Investment Owned, Fair Value | [3] | $ (490,313) | $ 1,249,235 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.34%) | 0.58% |
Short Futures Contracts [Member] | Various Base Metals Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (238,328) | $ (200,612) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.17%) | (0.10%) |
Short Futures Contracts [Member] | Various Energy Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (352,386) | $ (82,280) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.25%) | (0.04%) |
Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ 37,770 | $ (17,617) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.03% | (0.01%) |
Short Futures Contracts [Member] | Various Precious Metal Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 208,285 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.10% | |
Short Futures Contracts [Member] | Various Soft Futures Contract (U.S.) [Member] | |||
Investment Owned, Fair Value | [3] | $ 47,561 | $ 401,926 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.03% | 0.19% |
Short Futures Contracts [Member] | Various Soft Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 11,901 | $ 62,055 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.01% | 0.03% |
Short Futures Contracts [Member] | Various Stock Index Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ (2,802) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Short Futures Contracts [Member] | Various Stock Index Futures Contracts Far East [Member] | |||
Investment Owned, Fair Value | [3] | $ (2,456) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Short Futures Contracts [Member] | Various Stock Index Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 41,328 | $ 16,027 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.03% | 0.01% |
Short Futures Contracts [Member] | Various Energy Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ 644 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Short Futures Contracts [Member] | Various Currency Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (69,599) | $ 1,130 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.05%) | 0.00% |
Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Canada [Member] | |||
Investment Owned, Fair Value | [3] | $ 51,190 | $ 5,396 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.04% | 0.00% |
Short Futures Contracts [Member] | Various Soft Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ (8,274) | $ 111,769 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | 0.05% |
Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Oceanic [Member] | |||
Investment Owned, Fair Value | [3] | $ 22,526 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.01% | |
Short Futures Contracts [Member] | Various Stock Index Futures Contracts Africa [Member] | |||
Investment Owned, Fair Value | [3] | $ (4,475) | $ 4,459 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% |
Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Far East [Member] | |||
Investment Owned, Fair Value | [3] | $ (16,393) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | |
Short Futures Contracts [Member] | Various Currency Futures Contracts Europe | |||
Investment Owned, Fair Value | [3] | $ (128,956) | $ 358,276 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.09%) | 0.17% |
Short Futures Contracts [Member] | Various Currency Futures Contracts Far East | |||
Investment Owned, Fair Value | [3] | $ 155,025 | $ 187,929 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.11% | 0.09% |
Short Futures Contracts [Member] | Various Currency Futures Contracts (Oceanic) [Member] | |||
Investment Owned, Fair Value | [3] | $ (4,200) | $ 7,603 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% |
Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 1,047 | $ 172,279 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.08% |
Short Futures Contracts [Member] | Various Stock Index Futures Contracts Canada [Member] | |||
Investment Owned, Fair Value | [3] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Short Futures Contracts [Member] | Various Stock Index Futures Contracts Oceanic [Member] | |||
Investment Owned, Fair Value | [3] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Short Futures Contracts [Member] | Various Currency Futures Contracts (Canada) | |||
Investment Owned, Fair Value | [3] | $ (20,500) | $ 11,735 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | 0.01% |
Short Futures Contracts [Member] | Various Energy Futures Contracts (Canada) [Member] | |||
Investment Owned, Fair Value | [3] | $ (371) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Short Futures Contracts [Member] | Various Soft Futures Contract Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ (9,690) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | |
CURRENCY FORWARDS | |||
Investment Owned, Fair Value | [3] | $ (45,534) | $ 54,584 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.03%) | 0.03% |
CURRENCY FORWARDS | Various Currency Forwards Contracts (NA) [Member] | |||
Investment Owned, Fair Value | [3] | $ (45,534) | $ 54,584 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.03%) | 0.03% |
Total Open Trade Equity (Deficit) [Member] | |||
Investment Owned, Fair Value | [3] | $ (1,403,364) | $ 2,146,207 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.99%) | 0.99% |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 5.06% | 6.30% | |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 5.61% | 4.27% | |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 6.87% | 7.27% | |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 14.76% | 13.85% | |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 11.63% | 15.23% | |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 1.29% | 5.31% | |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 2.51% | 3.29% | |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 22.56% | ||
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.87% | 1.95% | |
Equinox Frontier Diversified Fund [Member] | SWAPS | |||
Investment Owned, Fair Value | [1] | $ 8,640,202 | $ 8,637,847 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 32.37% | 15.49% |
Equinox Frontier Diversified Fund [Member] | SWAPS | Frontier XXXV Diversified select swap (U.S.) [Member] | |||
Investment Owned, Fair Value | [1] | $ 8,640,202 | $ 8,637,847 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 32.37% | 15.49% |
Equinox Frontier Diversified Fund [Member] | Private Investments Companies | |||
Investment Owned, Fair Value | [2] | $ 19,873,433 | $ 38,845,974 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 74.43% | 69.64% |
Equinox Frontier Diversified Fund [Member] | Private Investments Companies | Galaxy Plus Fund - Chesapeake Feeder Fund (518) [Member] | |||
Investment Owned, Fair Value | [2] | $ 879,782 | $ 6,399,628 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 3.30% | 11.48% |
Equinox Frontier Diversified Fund [Member] | Private Investments Companies | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 1,349,448 | $ 3,558,715 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 5.06% | 6.38% |
Equinox Frontier Diversified Fund [Member] | Private Investments Companies | Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 1,496,938 | $ 2,412,065 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 5.61% | 4.33% |
Equinox Frontier Diversified Fund [Member] | Private Investments Companies | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 1,834,373 | $ 4,103,564 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 6.87% | 7.36% |
Equinox Frontier Diversified Fund [Member] | Private Investments Companies | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 3,939,343 | $ 7,819,114 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 14.76% | 14.02% |
Equinox Frontier Diversified Fund [Member] | Private Investments Companies | Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 3,105,447 | $ 8,600,401 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 11.63% | 15.42% |
Equinox Frontier Diversified Fund [Member] | Private Investments Companies | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 343,540 | $ 2,996,494 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 1.29% | 5.37% |
Equinox Frontier Diversified Fund [Member] | Private Investments Companies | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 671,293 | $ 1,856,786 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 2.51% | 3.33% |
Equinox Frontier Diversified Fund [Member] | Private Investments Companies | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 6,021,231 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 22.56% | |
Equinox Frontier Diversified Fund [Member] | Private Investments Companies | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 232,038 | $ 1,099,207 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.87% | 1.97% |
Equinox Frontier Diversified Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | |||
Investment Owned, Fair Value | [2] | $ 2,526,317 | $ 4,201,628 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 9.46% | 7.53% |
Equinox Frontier Diversified Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | Frontier Trading Company XXXVIII, LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 824,127 | $ 1,710,707 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 3.09% | 3.07% |
Equinox Frontier Diversified Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | Frontier Trading Company II, LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 1,702,190 | $ 2,490,921 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 6.38% | 4.47% |
Equinox Frontier Diversified Fund [Member] | US Treasury Securities [Member] | |||
Investment Owned, Fair Value | [4] | $ 4,015,228 | $ 6,525,280 |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 15.04% | 11.70% |
Equinox Frontier Diversified Fund [Member] | US Treasury Securities [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 2,971,750 | $ 5,056,846 |
Investment Owned, at Cost | [4] | 4,162,307 | 7,098,703 |
Equinox Frontier Diversified Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Percent [Member] | |||
Investment Owned, Fair Value | [4] | $ 3,138,309 | |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 5.63% | |
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 15,900,000 | |
Equinox Frontier Diversified Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Percent [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | 2,489,283 | |
Investment Owned, at Cost | [4] | 3,502,510 | |
Equinox Frontier Diversified Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | |||
Investment Owned, Fair Value | [4] | $ 4,015,228 | $ 3,386,971 |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 15.04% | 6.07% |
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 9,000,000 | $ 16,400,000 |
Equinox Frontier Diversified Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | 2,971,750 | 2,567,563 |
Investment Owned, at Cost | [4] | $ 4,162,307 | $ 3,596,193 |
Equinox Frontier Masters Fund [Member] | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 10.25% | 12.81% | |
Equinox Frontier Masters Fund [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 24.56% | ||
Equinox Frontier Masters Fund [Member] | Galaxy Plus Fund - TT Feeder Fund (531) LLC | |||
Investment Owned, % of Total Capital (Net Asset Value) | 18.25% | ||
Equinox Frontier Masters Fund [Member] | Private Investments Companies | |||
Investment Owned, Fair Value | [2] | $ 7,927,701 | $ 5,653,708 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 59.69% | 34.38% |
Equinox Frontier Masters Fund [Member] | Private Investments Companies | Galaxy Plus Fund - Chesapeake Feeder Fund (518) [Member] | |||
Investment Owned, Fair Value | [2] | $ 879,599 | $ 3,455,090 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 6.62% | 21.01% |
Equinox Frontier Masters Fund [Member] | Private Investments Companies | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 1,361,781 | $ 2,198,618 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 10.25% | 13.37% |
Equinox Frontier Masters Fund [Member] | Private Investments Companies | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 3,262,632 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.25% | |
Equinox Frontier Masters Fund [Member] | Private Investments Companies | Galaxy Plus Fund - TT Feeder Fund (531) LLC | |||
Investment Owned, Fair Value | [2] | $ 2,423,689 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 18.25% | |
Equinox Frontier Masters Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | |||
Investment Owned, Fair Value | [2] | $ 1,106,108 | $ 6,678,106 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 8.33% | 40.61% |
Equinox Frontier Masters Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | Frontier Trading Company XXXVIII, LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 208,559 | $ 1,130,943 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 1.57% | 6.88% |
Equinox Frontier Masters Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | Frontier Trading Company II, LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 897,549 | $ 1,439,347 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 6.76% | 8.75% |
Equinox Frontier Masters Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | Frontier Trading Company XV, LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 4,107,816 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 24.98% | |
Equinox Frontier Masters Fund [Member] | US Treasury Securities [Member] | |||
Investment Owned, Fair Value | [4] | $ 1,016,118 | $ 4,313,843 |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 7.65% | 26.23% |
Equinox Frontier Masters Fund [Member] | US Treasury Securities [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 752,049 | $ 3,343,066 |
Investment Owned, at Cost | [4] | 1,053,339 | 4,692,931 |
Equinox Frontier Masters Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Percent [Member] | |||
Investment Owned, Fair Value | [4] | $ 2,074,726 | |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 12.62% | |
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 15,900,000 | |
Equinox Frontier Masters Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Percent [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | 1,645,658 | |
Investment Owned, at Cost | [4] | 2,315,499 | |
Equinox Frontier Masters Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | |||
Investment Owned, Fair Value | [4] | $ 1,016,118 | $ 2,239,117 |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 7.65% | 13.62% |
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 9,000,000 | $ 16,400,000 |
Equinox Frontier Masters Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | 752,049 | 1,697,408 |
Investment Owned, at Cost | [4] | $ 1,053,339 | $ 2,377,432 |
Equinox Frontier Long/Short Commodity Fund [Member] | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 12.89% | 17.40% | |
Equinox Frontier Long/Short Commodity Fund [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 31.27% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 26.29% | 37.70% | |
Equinox Frontier Long/Short Commodity Fund [Member] | SWAPS | |||
Investment Owned, Fair Value | [1] | $ 609,989 | $ 4,220,468 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 10.66% | 54.84% |
Equinox Frontier Long/Short Commodity Fund [Member] | SWAPS | Frontier XXXVII L/S select swap (U.S.) [Member] | |||
Investment Owned, Fair Value | [1] | $ 609,989 | $ 4,220,468 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 10.66% | 54.84% |
Equinox Frontier Long/Short Commodity Fund [Member] | Private Investments Companies | |||
Investment Owned, Fair Value | [2] | $ 4,325,633 | $ 6,715,142 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 75.56% | 87.25% |
Equinox Frontier Long/Short Commodity Fund [Member] | Private Investments Companies | Galaxy Plus Fund - Chesapeake Feeder Fund (518) [Member] | |||
Investment Owned, Fair Value | [2] | $ 293,162 | $ 1,610,890 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 5.12% | 20.93% |
Equinox Frontier Long/Short Commodity Fund [Member] | Private Investments Companies | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 737,988 | $ 1,611,845 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 12.89% | 20.95% |
Equinox Frontier Long/Short Commodity Fund [Member] | Private Investments Companies | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | |||
Investment Owned, Fair Value | $ 1,504,768 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 0.26% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Private Investments Companies | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 1,789,715 | $ 3,492,407 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 31.27% | 45.38% |
Equinox Frontier Long/Short Commodity Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | |||
Investment Owned, Fair Value | $ 45,947 | ||
Equinox Frontier Long/Short Commodity Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | Frontier Trading Company XXXVIII, LLC [Member] | |||
Investment Owned, Fair Value | 45,947 | ||
Equinox Frontier Long/Short Commodity Fund [Member] | US Treasury Securities [Member] | |||
Investment Owned, Fair Value | $ 223,860 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 3.91% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | US Treasury Securities [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | $ 165,683 | ||
Investment Owned, at Cost | 232,060 | ||
Equinox Frontier Long/Short Commodity Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | |||
Investment Owned, Fair Value | $ 223,860 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 3.91% | ||
Investment Owned, Underlying Face Amount, at Market Value | $ 9,000,000 | ||
Equinox Frontier Long/Short Commodity Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | 165,683 | ||
Investment Owned, at Cost | $ 232,060 | ||
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 4.71% | 5.09% | |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 4.35% | 5.00% | |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 9.61% | 8.59% | |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 11.64% | 15.34% | |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 9.18% | 12.91% | |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.40% | 1.10% | |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 3.13% | 3.39% | |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 17.79% | ||
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 1.22% | 3.63% | |
Equinox Frontier Balanced Fund [Member] | SWAPS | |||
Investment Owned, Fair Value | [1] | $ 19,003,366 | $ 18,939,450 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 33.18% | 23.72% |
Equinox Frontier Balanced Fund [Member] | SWAPS | Frontier XXXIV Balanced select swap (U.S.) [Member] | |||
Investment Owned, Fair Value | [1] | $ 19,003,366 | $ 18,939,450 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 33.18% | 23.72% |
Equinox Frontier Balanced Fund [Member] | Private Investments Companies | |||
Investment Owned, Fair Value | [2] | $ 35,523,464 | $ 45,305,273 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 62.02% | 56.73% |
Equinox Frontier Balanced Fund [Member] | Private Investments Companies | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 2,697,668 | $ 4,190,798 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 4.71% | 5.25% |
Equinox Frontier Balanced Fund [Member] | Private Investments Companies | Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 2,493,766 | $ 4,114,892 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 4.35% | 5.15% |
Equinox Frontier Balanced Fund [Member] | Private Investments Companies | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 5,503,476 | $ 7,071,313 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 9.61% | 8.85% |
Equinox Frontier Balanced Fund [Member] | Private Investments Companies | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 6,667,032 | $ 12,623,819 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 11.64% | 15.81% |
Equinox Frontier Balanced Fund [Member] | Private Investments Companies | Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 5,255,818 | $ 10,626,274 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 9.18% | 13.31% |
Equinox Frontier Balanced Fund [Member] | Private Investments Companies | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 229,047 | $ 902,546 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.40% | 1.13% |
Equinox Frontier Balanced Fund [Member] | Private Investments Companies | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 1,790,273 | $ 2,786,543 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 3.13% | 3.49% |
Equinox Frontier Balanced Fund [Member] | Private Investments Companies | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 10,190,209 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 17.79% | |
Equinox Frontier Balanced Fund [Member] | Private Investments Companies | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 696,175 | $ 2,989,088 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 1.22% | 3.74% |
Equinox Frontier Balanced Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | |||
Investment Owned, Fair Value | [2] | $ 2,693,806 | $ 5,965,331 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 4.70% | 7.47% |
Equinox Frontier Balanced Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | Frontier Trading Company XXXVIII, LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 380,697 | $ 2,561,392 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.66% | 3.21% |
Equinox Frontier Balanced Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | Frontier Trading Company II, LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 2,313,109 | $ 3,403,939 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 4.04% | 4.26% |
Equinox Frontier Balanced Fund [Member] | US Treasury Securities [Member] | |||
Investment Owned, Fair Value | [4] | $ 1,854,791 | $ 9,770,117 |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 3.24% | 12.23% |
Equinox Frontier Balanced Fund [Member] | US Treasury Securities [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 1,372,468 | $ 7,571,473 |
Investment Owned, at Cost | [4] | 1,922,733 | 10,628,688 |
Equinox Frontier Balanced Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Percent [Member] | |||
Investment Owned, Fair Value | [4] | $ 4,698,901 | |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 5.88% | |
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 15,900,000 | |
Equinox Frontier Balanced Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Percent [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | 3,727,134 | |
Investment Owned, at Cost | [4] | 5,244,210 | |
Equinox Frontier Balanced Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | |||
Investment Owned, Fair Value | [4] | $ 1,854,791 | $ 5,071,216 |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 3.24% | 6.35% |
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 9,000,000 | $ 16,400,000 |
Equinox Frontier Balanced Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | 1,372,468 | 3,844,339 |
Investment Owned, at Cost | [4] | 1,922,733 | 5,384,478 |
Equinox Frontier Balanced Fund [Member] | Long Futures Contracts [Member] | |||
Investment Owned, Fair Value | [3] | $ (63,837) | $ (13,450) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.12%) | (0.03%) |
Equinox Frontier Balanced Fund [Member] | Long Futures Contracts [Member] | Various Base Metals Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (32,580) | $ 11,675 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.06%) | 0.01% |
Equinox Frontier Balanced Fund [Member] | Long Futures Contracts [Member] | Various Energy Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 11,360 | $ (10,780) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.02% | (0.01%) |
Equinox Frontier Balanced Fund [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ (39,855) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.07%) | |
Equinox Frontier Balanced Fund [Member] | Long Futures Contracts [Member] | Various Soft Futures Contract (U.S.) [Member] | |||
Investment Owned, Fair Value | [3] | $ 10,600 | $ (54,314) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.02% | (0.07%) |
Equinox Frontier Balanced Fund [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ 3,375 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Equinox Frontier Balanced Fund [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts Far East [Member] | |||
Investment Owned, Fair Value | [3] | $ (4,887) | $ 25,750 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | 0.03% |
Equinox Frontier Balanced Fund [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (8,475) | $ (29,115) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | (0.04%) |
Equinox Frontier Balanced Fund [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 39,959 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.05% | |
Equinox Frontier Balanced Fund [Member] | Short Futures Contracts [Member] | |||
Investment Owned, Fair Value | [3] | $ (77,883) | $ 302,097 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.14%) | 0.38% |
Equinox Frontier Balanced Fund [Member] | Short Futures Contracts [Member] | Various Base Metals Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (21,061) | $ 81,563 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.04%) | 0.10% |
Equinox Frontier Balanced Fund [Member] | Short Futures Contracts [Member] | Various Energy Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (66,932) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.12%) | |
Equinox Frontier Balanced Fund [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ 29,860 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.05% | |
Equinox Frontier Balanced Fund [Member] | Short Futures Contracts [Member] | Various Precious Metal Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 4,790 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.01% | |
Equinox Frontier Balanced Fund [Member] | Short Futures Contracts [Member] | Various Soft Futures Contract (U.S.) [Member] | |||
Investment Owned, Fair Value | [3] | $ 110,548 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.14% | |
Equinox Frontier Balanced Fund [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 11,901 | $ 15,398 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.02% | 0.02% |
Equinox Frontier Balanced Fund [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (69,599) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.12%) | |
Equinox Frontier Balanced Fund [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Canada [Member] | |||
Investment Owned, Fair Value | [3] | $ 50,314 | $ 6,253 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.09% | 0.01% |
Equinox Frontier Balanced Fund [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ (8,274) | $ 53,851 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | 0.07% |
Equinox Frontier Balanced Fund [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Oceanic [Member] | |||
Investment Owned, Fair Value | [3] | $ 26,568 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.03% | |
Equinox Frontier Balanced Fund [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts Africa [Member] | |||
Investment Owned, Fair Value | [3] | $ (4,092) | $ 2,440 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | 0.00% |
Equinox Frontier Balanced Fund [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Far East [Member] | |||
Investment Owned, Fair Value | [3] | $ 686 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Equinox Frontier Balanced Fund [Member] | CURRENCY FORWARDS | |||
Investment Owned, Fair Value | [3] | $ 1,415 | $ (50,986) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | (0.06%) |
Equinox Frontier Balanced Fund [Member] | CURRENCY FORWARDS | Various Currency Forwards Contracts (NA) [Member] | |||
Investment Owned, Fair Value | [3] | $ 1,415 | $ (50,986) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | (0.06%) |
Equinox Frontier Balanced Fund [Member] | Total Open Trade Equity (Deficit) [Member] | |||
Investment Owned, Fair Value | [3] | $ (140,305) | $ 237,661 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.25%) | 0.29% |
Equinox Frontier Select Fund [Member] | Galaxy Plus Fund - TT Feeder Fund (531) LLC | |||
Investment Owned, % of Total Capital (Net Asset Value) | 41.12% | ||
Equinox Frontier Select Fund [Member] | Private Investments Companies | |||
Investment Owned, Fair Value | [2] | $ 3,112,675 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 41.12% | |
Equinox Frontier Select Fund [Member] | Private Investments Companies | Galaxy Plus Fund - TT Feeder Fund (531) LLC | |||
Investment Owned, Fair Value | [2] | $ 3,112,675 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 41.12% | |
Equinox Frontier Select Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | |||
Investment Owned, Fair Value | [2] | $ 2,920,866 | $ 3,910,866 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 38.59% | 28.34% |
Equinox Frontier Select Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | Frontier Trading Company XXXVIII, LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 76,478 | $ 763,587 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 1.01% | 5.53% |
Equinox Frontier Select Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | Frontier Trading Company XXIX, LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 2,844,388 | $ 3,147,279 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 37.58% | 22.81% |
Equinox Frontier Select Fund [Member] | US Treasury Securities [Member] | |||
Investment Owned, Fair Value | [4] | $ 372,609 | $ 2,912,611 |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 4.92% | 21.10% |
Equinox Frontier Select Fund [Member] | US Treasury Securities [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 275,775 | $ 2,257,163 |
Investment Owned, at Cost | [4] | 386,258 | 3,168,562 |
Equinox Frontier Select Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Percent [Member] | |||
Investment Owned, Fair Value | [4] | $ 1,400,809 | |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 10.15% | |
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 15,900,000 | |
Equinox Frontier Select Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Percent [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | 1,111,111 | |
Investment Owned, at Cost | [4] | 1,563,373 | |
Equinox Frontier Select Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | |||
Investment Owned, Fair Value | [4] | $ 372,609 | $ 1,511,802 |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 4.92% | 10.96% |
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 9,000,000 | $ 16,400,000 |
Equinox Frontier Select Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | 275,775 | 1,146,052 |
Investment Owned, at Cost | [4] | 386,258 | 1,605,189 |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | |||
Investment Owned, Fair Value | [3] | $ 471,076 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 3.41% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Base Metals Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 56,169 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.41% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Energy Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 163,930 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 1.19% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ 166,812 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 1.21% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Precious Metal Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 1,956 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.01% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Precious Metal Futures Contracts Far East [Member] | |||
Investment Owned, Fair Value | [3] | $ 111 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Soft Futures Contract (U.S.) [Member] | |||
Investment Owned, Fair Value | [3] | $ (39,001) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.28%) | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts (Far East) [Member] | |||
Investment Owned, Fair Value | [3] | $ 2,808 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.02% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ 56,849 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.41% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts Far East [Member] | |||
Investment Owned, Fair Value | [3] | $ 31,540 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.23% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (53,378) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.39%) | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Energy Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ 4,150 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.03% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 10,283 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.07% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts Canada [Member] | |||
Investment Owned, Fair Value | [3] | $ (503) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts Oceanic [Member] | |||
Investment Owned, Fair Value | [3] | $ 18,191 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.13% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts Far East [Member] | |||
Investment Owned, Fair Value | [3] | $ 444 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts Europe | |||
Investment Owned, Fair Value | [3] | $ 73,909 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.54% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts Far East | |||
Investment Owned, Fair Value | [3] | $ 1,360 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.01% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts (Oceanic) [Member] | |||
Investment Owned, Fair Value | [3] | $ (41,946) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.30%) | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 1,950 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.01% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts Canada [Member] | |||
Investment Owned, Fair Value | [3] | $ 1,894 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.01% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts Oceanic [Member] | |||
Investment Owned, Fair Value | [3] | $ 4,760 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.03% | |
Equinox Frontier Select Fund [Member] | Long Futures Contracts [Member] | Various Energy Futures Contracts Far East [Member] | |||
Investment Owned, Fair Value | [3] | $ 8,788 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.06% | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | |||
Investment Owned, Fair Value | [3] | $ 208,234 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 1.51% | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | Various Base Metals Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (29,896) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.22%) | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ (8,823) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.06%) | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | Various Precious Metal Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 29,150 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.21% | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 46,657 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.34% | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ (2,802) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.02%) | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts Far East [Member] | |||
Investment Owned, Fair Value | [3] | $ (2,456) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.02%) | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 23,255 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.17% | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (8,460) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.06%) | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Canada [Member] | |||
Investment Owned, Fair Value | [3] | $ 155 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | Various Soft Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ 14,154 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.10% | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Oceanic [Member] | |||
Investment Owned, Fair Value | [3] | $ (1,211) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Far East [Member] | |||
Investment Owned, Fair Value | [3] | $ (6,019) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.04%) | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts Europe | |||
Investment Owned, Fair Value | [3] | $ 85,470 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.62% | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts Far East | |||
Investment Owned, Fair Value | [3] | $ 19,041 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.14% | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (Oceanic) [Member] | |||
Investment Owned, Fair Value | [3] | $ 4,623 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.03% | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 45,201 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.33% | |
Equinox Frontier Select Fund [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (Canada) | |||
Investment Owned, Fair Value | [3] | $ 195 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Equinox Frontier Select Fund [Member] | CURRENCY FORWARDS | |||
Investment Owned, Fair Value | [3] | $ 6,712 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.05% | |
Equinox Frontier Select Fund [Member] | CURRENCY FORWARDS | Various Currency Forwards Contracts (NA) [Member] | |||
Investment Owned, Fair Value | [3] | $ 6,712 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.05% | |
Equinox Frontier Select Fund [Member] | Total Open Trade Equity (Deficit) [Member] | |||
Investment Owned, Fair Value | [3] | $ 686,022 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 4.97% | |
Equinox Frontier Winton Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | |||
Investment Owned, Fair Value | [2] | $ 831,492 | $ 4,072,450 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 2.76% | 10.13% |
Equinox Frontier Winton Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | Frontier Trading Company XXXVIII, LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 831,492 | $ 4,072,450 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 2.76% | 10.13% |
Equinox Frontier Winton Fund [Member] | US Treasury Securities [Member] | |||
Investment Owned, Fair Value | [4] | $ 4,051,108 | $ 15,533,863 |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 13.45% | 38.65% |
Equinox Frontier Winton Fund [Member] | US Treasury Securities [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 2,998,306 | $ 12,038,159 |
Investment Owned, at Cost | [4] | 4,199,502 | 16,898,936 |
Equinox Frontier Winton Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Percent [Member] | |||
Investment Owned, Fair Value | [4] | $ 7,470,952 | |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 18.59% | |
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 15,900,000 | |
Equinox Frontier Winton Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Percent [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | 5,925,905 | |
Investment Owned, at Cost | [4] | 8,337,960 | |
Equinox Frontier Winton Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | |||
Investment Owned, Fair Value | [4] | $ 4,051,108 | $ 8,062,911 |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 13.45% | 20.06% |
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 9,000,000 | $ 16,400,000 |
Equinox Frontier Winton Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | 2,998,306 | 6,112,254 |
Investment Owned, at Cost | [4] | 4,199,502 | 8,560,976 |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | |||
Investment Owned, Fair Value | [3] | $ (803,680) | $ 383,746 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (2.67%) | 0.95% |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | Various Base Metals Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 62,861 | $ (88,088) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.21% | (0.22%) |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | Various Energy Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 32,040 | $ 65,612 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.11% | 0.16% |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ (236,334) | $ 88,638 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.78%) | 0.22% |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | Various Precious Metal Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (3,860) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | Various Soft Futures Contract (U.S.) [Member] | |||
Investment Owned, Fair Value | [3] | $ (25,783) | $ (84,938) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.09%) | (0.21%) |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ (264,366) | $ 242,128 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.88%) | 0.60% |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts Far East [Member] | |||
Investment Owned, Fair Value | [3] | $ (8,897) | $ 305,316 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.03%) | 0.76% |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (125,571) | $ (201,831) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.42%) | (0.50%) |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (16,716) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.06%) | |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts Canada [Member] | |||
Investment Owned, Fair Value | [3] | $ (7,493) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.02%) | |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts Oceanic [Member] | |||
Investment Owned, Fair Value | [3] | $ (54,767) | $ (341) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.18%) | 0.00% |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts Far East [Member] | |||
Investment Owned, Fair Value | [3] | $ (13,795) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.05%) | |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | Various Currency Futures Contracts Europe | |||
Investment Owned, Fair Value | [3] | $ 4,770 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.02% | |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | Various Interest Rates Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (147,366) | $ 7,094 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.49%) | 0.02% |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts Canada [Member] | |||
Investment Owned, Fair Value | [3] | $ (2,666) | $ (969) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | 0.00% |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | Various Stock Index Futures Contracts Oceanic [Member] | |||
Investment Owned, Fair Value | [3] | $ 403 | $ 57,116 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.14% |
Equinox Frontier Winton Fund [Member] | Long Futures Contracts [Member] | Various Soft Futures Contracts Canada [Member] | |||
Investment Owned, Fair Value | [3] | $ (2,131) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | |||
Investment Owned, Fair Value | [3] | $ (412,430) | $ 739,920 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (1.38%) | 1.83% |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Base Metals Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (217,267) | $ (252,279) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.72%) | (0.63%) |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Energy Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ (285,454) | $ (82,280) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.95%) | (0.20%) |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ 7,910 | $ (8,794) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.03% | (0.02%) |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Precious Metal Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 174,345 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.43% | |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Soft Futures Contract (U.S.) [Member] | |||
Investment Owned, Fair Value | [3] | $ 47,561 | $ 291,378 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.16% | 0.73% |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 41,328 | $ (7,228) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.14% | (0.02%) |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Energy Futures Contracts Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ 644 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 9,590 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.02% | |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Canada [Member] | |||
Investment Owned, Fair Value | [3] | $ 876 | $ (1,012) |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Oceanic [Member] | |||
Investment Owned, Fair Value | [3] | $ (2,831) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Stock Index Futures Contracts Africa [Member] | |||
Investment Owned, Fair Value | [3] | $ (383) | $ 2,019 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.01% |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Far East [Member] | |||
Investment Owned, Fair Value | [3] | $ (11,060) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.03%) | |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts Europe | |||
Investment Owned, Fair Value | [3] | $ (128,956) | $ 272,806 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.43%) | 0.68% |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts Far East | |||
Investment Owned, Fair Value | [3] | $ 155,025 | $ 168,888 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.51% | 0.42% |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (Oceanic) [Member] | |||
Investment Owned, Fair Value | [3] | $ (4,200) | $ 2,980 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.01%) | 0.01% |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Interest Rates Futures Contracts Us [Member] | |||
Investment Owned, Fair Value | [3] | $ 1,047 | $ 127,078 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.32% |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Currency Futures Contracts (Canada) | |||
Investment Owned, Fair Value | [3] | $ (20,500) | $ 11,540 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.07%) | 0.03% |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Energy Futures Contracts (Canada) [Member] | |||
Investment Owned, Fair Value | [3] | $ (371) | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | |
Equinox Frontier Winton Fund [Member] | Short Futures Contracts [Member] | Various Soft Futures Contract Europe [Member] | |||
Investment Owned, Fair Value | [3] | $ (9,690) | $ 44,780 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.03%) | 0.11% |
Equinox Frontier Winton Fund [Member] | CURRENCY FORWARDS | |||
Investment Owned, Fair Value | [3] | $ (46,949) | $ 98,858 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.16%) | 0.25% |
Equinox Frontier Winton Fund [Member] | CURRENCY FORWARDS | Various Currency Forwards Contracts (NA) [Member] | |||
Investment Owned, Fair Value | [3] | $ (46,949) | $ 98,858 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.16%) | 0.25% |
Equinox Frontier Winton Fund [Member] | Total Open Trade Equity (Deficit) [Member] | |||
Investment Owned, Fair Value | [3] | $ (1,263,059) | $ 1,222,524 |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (4.20%) | 3.03% |
Equinox Frontier Heritage Fund [Member] | SWAPS | |||
Investment Owned, Fair Value | [1] | $ 7,766,687 | $ 8,391,414 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 81.56% | 68.00% |
Equinox Frontier Heritage Fund [Member] | SWAPS | Frontier Brevan Howard swap (U.S.) [Member] | |||
Investment Owned, Fair Value | [1] | $ 7,766,687 | $ 8,391,414 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 81.56% | 68.00% |
Equinox Frontier Heritage Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | |||
Investment Owned, Fair Value | [2] | $ 1,197,135 | $ 2,744,640 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 12.57% | 22.24% |
Equinox Frontier Heritage Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | Frontier Trading Company XXXVIII, LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 128,585 | $ 970,510 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 1.35% | 7.86% |
Equinox Frontier Heritage Fund [Member] | INVESTMENT IN UNCONSOLIDATED COMPANIES | Frontier Trading Company II, LLC [Member] | |||
Investment Owned, Fair Value | [2] | $ 1,068,550 | $ 1,774,130 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 11.22% | 14.38% |
Equinox Frontier Heritage Fund [Member] | US Treasury Securities [Member] | |||
Investment Owned, Fair Value | [4] | $ 626,479 | $ 3,701,890 |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 6.57% | 29.99% |
Equinox Frontier Heritage Fund [Member] | US Treasury Securities [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 463,670 | $ 2,868,825 |
Investment Owned, at Cost | [4] | 649,427 | 4,027,201 |
Equinox Frontier Heritage Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Percent [Member] | |||
Investment Owned, Fair Value | [4] | $ 1,780,410 | |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 14.43% | |
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 15,900,000 | |
Equinox Frontier Heritage Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Percent [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | 1,412,208 | |
Investment Owned, at Cost | [4] | 1,987,027 | |
Equinox Frontier Heritage Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | |||
Investment Owned, Fair Value | [4] | $ 626,479 | $ 1,921,480 |
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 6.58% | 15.57% |
Investment Owned, Underlying Face Amount, at Market Value | [4] | $ 9,000,000 | $ 16,400,000 |
Equinox Frontier Heritage Fund [Member] | US Treasury Securities [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | Additional [Member] | |||
Investment Owned, Underlying Face Amount, at Market Value | [4] | 463,670 | 1,456,617 |
Investment Owned, at Cost | [4] | $ 649,427 | $ 2,040,174 |
[1] | See Note 4 to the Financial Statements. | ||
[2] | See Note 5 to the Financial Statements. | ||
[3] | Except for those items disclosed, no individual futures, or forwards position constituted greater than 1 percent of Net Asset Value. Accordingly, the number of contracts and expiration dates are not presented. | ||
[4] | Assets have been allocated to each Series based upon ownership in the cash management pool. See Note 2. |
Condensed Schedule of Investme4
Condensed Schedule of Investments (Parenthetical) - US Treasury Securities [Member] - USD ($) | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2017 | Dec. 31, 2016 | |||
US Treasury Note Six Percent [Member] | ||||
Rate | 6.00% | |||
Debt Instrument, Maturity Date | Feb. 15, 2026 | [1] | Feb. 15, 2026 | |
Cost | $ 23,564,442 | |||
US Treasury Note Six Point Eight Seven Five Percent [Member] | ||||
Rate | 6.875% | 6.875% | ||
Debt Instrument, Maturity Date | Aug. 15, 2025 | [1] | Aug. 15, 2025 | |
Cost | $ 12,605,625 | $ 22,950,579 | ||
Equinox Frontier Diversified Fund [Member] | US Treasury Note Six Percent [Member] | ||||
Rate | [1] | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | ||
Cost | [1] | $ 23,564,442 | ||
Equinox Frontier Diversified Fund [Member] | US Treasury Note Six Percent [Member] | Additional [Member] | ||||
Rate | [1] | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | ||
Equinox Frontier Diversified Fund [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | ||||
Rate | [1] | 6.875% | 6.875% | |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 | |
Cost | [1] | $ 12,605,625 | $ 22,950,579 | |
Equinox Frontier Diversified Fund [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | Additional [Member] | ||||
Rate | [1] | 6.875% | 6.875% | |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 | |
Equinox Frontier Masters Fund [Member] | US Treasury Note Six Percent [Member] | ||||
Rate | [1] | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | ||
Cost | [1] | $ 23,564,442 | ||
Equinox Frontier Masters Fund [Member] | US Treasury Note Six Percent [Member] | Additional [Member] | ||||
Rate | [1] | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | ||
Equinox Frontier Masters Fund [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | ||||
Rate | [1] | 6.875% | 6.875% | |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 | |
Cost | [1] | $ 12,605,625 | $ 22,950,579 | |
Equinox Frontier Masters Fund [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | Additional [Member] | ||||
Rate | [1] | 6.875% | 6.875% | |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 | |
Equinox Frontier Long/Short Commodity Fund [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | ||||
Rate | [1] | 6.875% | ||
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | ||
Cost | [1] | $ 12,605,625 | ||
Equinox Frontier Long/Short Commodity Fund [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | Additional [Member] | ||||
Rate | [1] | 6.875% | ||
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | ||
Equinox Frontier Balanced Fund [Member] | US Treasury Note Six Percent [Member] | ||||
Rate | [1] | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | ||
Cost | [1] | $ 23,564,442 | ||
Equinox Frontier Balanced Fund [Member] | US Treasury Note Six Percent [Member] | Additional [Member] | ||||
Rate | [1] | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | ||
Equinox Frontier Balanced Fund [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | ||||
Rate | [1] | 6.875% | 6.875% | |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 | |
Cost | [1] | $ 12,605,625 | $ 22,950,579 | |
Equinox Frontier Balanced Fund [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | Additional [Member] | ||||
Rate | [1] | 6.875% | 6.875% | |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 | |
Equinox Frontier Select Fund [Member] | US Treasury Note Six Percent [Member] | ||||
Rate | [1] | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | ||
Cost | [1] | $ 23,564,442 | ||
Equinox Frontier Select Fund [Member] | US Treasury Note Six Percent [Member] | Additional [Member] | ||||
Rate | [1] | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | ||
Equinox Frontier Select Fund [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | ||||
Rate | [1] | 6.875% | 6.875% | |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 | |
Cost | [1] | $ 12,605,625 | $ 22,950,579 | |
Equinox Frontier Select Fund [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | Additional [Member] | ||||
Rate | [1] | 6.875% | 6.875% | |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 | |
Equinox Frontier Winton Fund [Member] | US Treasury Note Six Percent [Member] | ||||
Rate | [1] | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | ||
Cost | [1] | $ 23,564,442 | ||
Equinox Frontier Winton Fund [Member] | US Treasury Note Six Percent [Member] | Additional [Member] | ||||
Rate | [1] | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | ||
Equinox Frontier Winton Fund [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | ||||
Rate | [1] | 6.875% | 6.875% | |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 | |
Cost | [1] | $ 12,605,625 | $ 22,950,579 | |
Equinox Frontier Winton Fund [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | Additional [Member] | ||||
Rate | [1] | 6.875% | 6.875% | |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 | |
Equinox Frontier Heritage Fund [Member] | US Treasury Note Six Percent [Member] | ||||
Rate | [1] | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | ||
Cost | [1] | $ 23,564,442 | ||
Equinox Frontier Heritage Fund [Member] | US Treasury Note Six Percent [Member] | Additional [Member] | ||||
Rate | [1] | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | ||
Equinox Frontier Heritage Fund [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | ||||
Rate | [1] | 6.875% | 6.875% | |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 | |
Cost | [1] | $ 12,605,625 | $ 22,950,579 | |
Equinox Frontier Heritage Fund [Member] | US Treasury Note Six Point Eight Seven Five Percent [Member] | Additional [Member] | ||||
Rate | [1] | 6.875% | 6.875% | |
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 | |
[1] | Assets have been allocated to each Series based upon ownership in the cash management pool. See Note 2. |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Investment income/(loss): | ||||
Interest - net | $ 43,459 | $ 183,080 | $ 157,978 | $ 424,927 |
Total Income | 43,459 | 183,080 | 157,978 | 424,927 |
Expenses: | ||||
Incentive Fees (rebate) | (87,670) | 652,817 | (205,571) | 3,063,443 |
Management Fees | 684,035 | 903,326 | 1,212,823 | 2,204,887 |
Risk analysis Fees | 38,478 | 60,837 | ||
Trading Fees | 1,595,112 | 769,612 | 3,126,515 | 1,759,690 |
Other Fees | 223,055 | 6,402 | 223,055 | 25,515 |
Total Expenses | 3,142,038 | 3,211,117 | 5,874,992 | 8,901,879 |
Investment (loss) - net | (3,098,579) | (3,028,037) | (5,717,014) | (8,476,952) |
Realized and unrealized gain/(loss) on investments: | ||||
Net change in open trade equity/(deficit) | (1,132,840) | 4,926,438 | (2,870,827) | 10,659,970 |
Trading commissions | (44,377) | (113,241) | (114,392) | (246,305) |
Net gain/(loss) on investments | (6,608,110) | 2,641,075 | (1,044,709) | 16,979,877 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (9,706,689) | (386,962) | (6,761,723) | 8,502,925 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (6,761,723) | |||
Futures And Forwards [Member] | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | (2,121,364) | (2,891,319) | (17,179) | 3,271,436 |
Private Investments Companies | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | 2,383,096 | 4,806,521 | ||
Net unrealized gain/(loss) on investments | (6,770,235) | 869,936 | (3,031,749) | 869,936 |
Swaps | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | 5,466,894 | |||
Net unrealized gain/(loss) on investments | 527,815 | (1,681,558) | (568,884) | 1,038,550 |
U.S. Treasury Securities | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | (1,194,489) | 5,395,801 | (2,129,137) | 5,466,894 |
Net unrealized gain/(loss) on investments | 1,744,284 | (3,864,982) | 2,880,938 | (4,416,295) |
Class One [Member] | ||||
Expenses: | ||||
Service Fees | 689,028 | 878,960 | 1,433,011 | 1,848,344 |
Equinox Frontier Diversified Fund [Member] | ||||
Investment income/(loss): | ||||
Interest - net | 24,134 | 126,792 | 97,397 | 280,777 |
Total Income | 24,134 | 126,792 | 97,397 | 280,777 |
Expenses: | ||||
Incentive Fees (rebate) | 131,219 | (63,508) | 1,052,255 | |
Management Fees | 27,784 | 177,249 | 55,742 | 416,096 |
Trading Fees | 466,107 | 349,658 | 932,781 | 706,366 |
Other Fees | 1,767 | 1,164 | 1,766 | 1,164 |
Total Expenses | 537,010 | 718,591 | 1,012,966 | 2,311,360 |
Investment (loss) - net | (512,876) | (591,799) | (915,569) | (2,030,583) |
Realized and unrealized gain/(loss) on investments: | ||||
Net change in open trade equity/(deficit) | ||||
Trading commissions | (36) | (44) | ||
Change in fair value of investments in unconsolidated trading companies | (333,713) | 21,510 | (344,004) | 3,014,294 |
Net gain/(loss) on investments | (664,367) | 614,446 | 1,343,155 | 3,587,001 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (1,177,243) | 22,647 | 427,586 | 1,556,418 |
Less: Operations attributable to non-controlling interests | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (1,177,243) | 22,647 | 427,586 | 1,556,418 |
Equinox Frontier Diversified Fund [Member] | Private Investments Companies | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | 612,995 | 1,092,088 | ||
Net unrealized gain/(loss) on investments | (1,426,002) | 919,836 | 374,758 | 919,836 |
Equinox Frontier Diversified Fund [Member] | Swaps | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net unrealized gain/(loss) on investments | 300,207 | (512,762) | 2,355 | (1,752,993) |
Equinox Frontier Diversified Fund [Member] | U.S. Treasury Securities | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | (179,129) | 1,400,469 | (354,609) | 1,418,875 |
Net unrealized gain/(loss) on investments | 361,275 | (1,214,571) | 572,567 | (12,967) |
Equinox Frontier Diversified Fund [Member] | Class One [Member] | ||||
Expenses: | ||||
Service Fees | $ 41,352 | $ 59,301 | $ 86,185 | $ 135,479 |
Equinox Frontier Diversified Fund [Member] | Owner Class One [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 | $ (7.58) | $ (0.37) | $ (4.7) | $ 2.54 |
Equinox Frontier Diversified Fund [Member] | Owner Class Two [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 | (8.12) | 0.17 | (4.32) | 4.01 |
Equinox Frontier Diversified Fund [Member] | Owner Class Three [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 | $ (7.46) | $ 0.23 | $ (3.85) | $ 3.86 |
Equinox Frontier Masters Fund [Member] | ||||
Investment income/(loss): | ||||
Interest - net | $ 19,322 | $ 36,142 | $ 59,417 | $ 93,521 |
Total Income | 19,322 | 36,142 | 59,417 | 93,521 |
Expenses: | ||||
Incentive Fees (rebate) | 15,801 | 242,029 | ||
Management Fees | 58,094 | 120,462 | 123,905 | 282,097 |
Trading Fees | 186,409 | 121,827 | 376,584 | 260,171 |
Other Fees | 1,792 | 1,792 | ||
Total Expenses | 270,455 | 294,967 | 555,215 | 868,309 |
Investment (loss) - net | (251,133) | (258,825) | (495,798) | (774,788) |
Realized and unrealized gain/(loss) on investments: | ||||
Net change in open trade equity/(deficit) | ||||
Trading commissions | (7) | (10) | ||
Change in fair value of investments in unconsolidated trading companies | (316,233) | 524,995 | (398,042) | 1,891,243 |
Net gain/(loss) on investments | (1,154,463) | 395,214 | (765,624) | 2,261,553 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (1,386,178) | 136,389 | (1,261,422) | 1,486,765 |
Less: Operations attributable to non-controlling interests | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (1,386,178) | 136,389 | (1,261,422) | 1,486,765 |
Equinox Frontier Masters Fund [Member] | Private Investments Companies | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | 146,972 | 277,678 | ||
Net unrealized gain/(loss) on investments | (995,649) | (254,069) | (692,671) | (254,069) |
Equinox Frontier Masters Fund [Member] | Swaps | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net unrealized gain/(loss) on investments | ||||
Equinox Frontier Masters Fund [Member] | U.S. Treasury Securities | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | (177,553) | 262,864 | (286,742) | 268,941 |
Net unrealized gain/(loss) on investments | 207,418 | (138,569) | 334,153 | 355,448 |
Equinox Frontier Masters Fund [Member] | Class One [Member] | ||||
Expenses: | ||||
Service Fees | $ 24,160 | $ 36,877 | $ 52,934 | $ 84,012 |
Equinox Frontier Masters Fund [Member] | Owner Class One [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 | $ (10.71) | $ 0.84 | $ (10.41) | $ 9.01 |
Equinox Frontier Masters Fund [Member] | Owner Class Two [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 | (11.75) | 1.54 | (10.88) | 6.98 |
Equinox Frontier Masters Fund [Member] | Owner Class Three [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 | $ (10.88) | $ 1.5 | $ (9.99) | $ 8.52 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||||
Investment income/(loss): | ||||
Interest - net | $ 14,243 | $ 37,213 | ||
Total Income | 14,243 | 37,213 | ||
Expenses: | ||||
Incentive Fees (rebate) | (87,670) | (87,670) | 134,601 | |
Management Fees | 47,367 | 185,913 | ||
Trading Fees | 66,308 | 43,982 | 143,093 | 93,601 |
Other Fees | 24,976 | 2,503 | 24,976 | 2,502 |
Total Expenses | 7,124 | 106,394 | 91,370 | 450,190 |
Investment (loss) - net | (7,124) | (92,151) | (91,370) | (412,977) |
Realized and unrealized gain/(loss) on investments: | ||||
Net change in open trade equity/(deficit) | 693,263 | 693,263 | ||
Trading commissions | (1,090) | (1,091) | ||
Change in fair value of investments in unconsolidated trading companies | 48,430 | (21,129) | 48,430 | (62,458) |
Net gain/(loss) on investments | (739,137) | 318,263 | (304,104) | 398,817 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (746,261) | 226,112 | (395,474) | (14,160) |
Less: Operations attributable to non-controlling interests | 131,876 | 131,876 | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (746,261) | 94,236 | (395,474) | (146,036) |
Equinox Frontier Long/Short Commodity Fund [Member] | Futures And Forwards [Member] | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | (90,214) | (90,214) | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Private Investments Companies | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | (188,508) | (26,997) | ||
Net unrealized gain/(loss) on investments | (543,417) | (194,462) | (331,883) | (194,462) |
Equinox Frontier Long/Short Commodity Fund [Member] | Swaps | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net unrealized gain/(loss) on investments | (72,417) | (112,325) | (10,429) | (187,904) |
Equinox Frontier Long/Short Commodity Fund [Member] | U.S. Treasury Securities | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | 227,895 | 113,581 | 227,895 | 116,230 |
Net unrealized gain/(loss) on investments | (211,120) | (69,361) | (211,120) | 125,453 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class One [Member] | ||||
Expenses: | ||||
Service Fees | $ 3,510 | $ 12,542 | $ 10,971 | $ 33,573 |
Equinox Frontier Long/Short Commodity Fund [Member] | Owner Class Two [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ (16.82) | $ 1.05 | $ (13.21) | $ (1.55) |
Equinox Frontier Long/Short Commodity Fund [Member] | Owner Class Three [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 | (12.81) | 0.92 | (8.74) | (1.69) |
Equinox Frontier Long/Short Commodity Fund [Member] | Owner Class One A [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 | (11.37) | 0.4 | (9.15) | (1.81) |
Equinox Frontier Long/Short Commodity Fund [Member] | Owner Class Two A [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | (14.09) | 1.1 | (10.28) | (0.93) |
Equinox Frontier Long/Short Commodity Fund [Member] | Owner Class Three A [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 | $ (12.22) | $ 0.73 | $ (7.73) | $ (1.24) |
Equinox Frontier Balanced Fund [Member] | ||||
Investment income/(loss): | ||||
Interest - net | $ 5,903 | $ 1,161 | $ 13,240 | |
Total Income | 5,903 | 1,161 | 13,240 | |
Expenses: | ||||
Incentive Fees (rebate) | 489,916 | 1,425,533 | ||
Management Fees | 38,058 | 164,553 | 76,537 | 398,578 |
Risk analysis Fees | 3,133 | 5,424 | ||
Trading Fees | 623,456 | 143,669 | 1,163,171 | 2,734 |
Other Fees | 190,804 | 2,735 | 190,804 | |
Total Expenses | 1,239,866 | 1,251,828 | 2,221,344 | 3,078,330 |
Investment (loss) - net | (1,239,866) | (1,245,925) | (2,220,183) | (3,065,090) |
Realized and unrealized gain/(loss) on investments: | ||||
Net change in open trade equity/(deficit) | (250,095) | 484,552 | (319,198) | 466,912 |
Trading commissions | (19,488) | (50,973) | (43,253) | (129,456) |
Change in fair value of investments in unconsolidated trading companies | (451,945) | (306,187) | (437,301) | 3,994,651 |
Net gain/(loss) on investments | (1,981,799) | 634,040 | 944,993 | 5,684,032 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (3,221,665) | (611,885) | (1,275,190) | 2,618,942 |
Less: Operations attributable to non-controlling interests | 345,513 | 453,868 | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (3,221,665) | (957,398) | (1,275,190) | 2,165,074 |
Equinox Frontier Balanced Fund [Member] | Futures And Forwards [Member] | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | (275,058) | 1,080,707 | ||
Net unrealized gain/(loss) on investments | (3,143,932) | |||
Equinox Frontier Balanced Fund [Member] | Private Investments Companies | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | 2,144,217 | 3,265,069 | ||
Net unrealized gain/(loss) on investments | (3,856,566) | (153,531) | (1,191,236) | (420,895) |
Equinox Frontier Balanced Fund [Member] | Swaps | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | (2,259,940) | |||
Net unrealized gain/(loss) on investments | 513,480 | (942,225) | 63,916 | (3,143,932) |
Equinox Frontier Balanced Fund [Member] | U.S. Treasury Securities | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | (81,588) | 2,234,148 | (228,904) | (2,259,940) |
Net unrealized gain/(loss) on investments | 295,244 | (1,712,451) | 487,069 | (41,453) |
Equinox Frontier Balanced Fund [Member] | Class One [Member] | ||||
Expenses: | ||||
Service Fees | $ 384,415 | $ 450,955 | $ 783,275 | $ 316,458 |
Equinox Frontier Balanced Fund [Member] | Owner Class One [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 | $ (7.97) | $ (1.68) | $ (4.96) | $ 2.47 |
Equinox Frontier Balanced Fund [Member] | Owner Class Two [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 | (10.19) | (1) | (4.37) | 6.23 |
Equinox Frontier Balanced Fund [Member] | Owner Class Two A [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 | (8.40) | (0.55) | (3.28) | 6.06 |
Equinox Frontier Balanced Fund [Member] | Owner Class Three A [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) | (0.55) | (3.27) | 6.04 |
Equinox Frontier Balanced Fund [Member] | Owner Class One AP [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 | $ (7.58) | $ (0.74) | $ (3.26) | $ 4.64 |
Equinox Frontier Select Fund [Member] | ||||
Investment income/(loss): | ||||
Interest - net | ||||
Total Income | ||||
Expenses: | ||||
Incentive Fees (rebate) | 15,881 | 39,867 | ||
Management Fees | 26,454 | 67,902 | 102,047 | 138,723 |
Risk analysis Fees | (2,303) | |||
Trading Fees | 49,223 | 24,122 | 98,267 | |
Other Fees | (5,094) | (5,094) | ||
Total Expenses | 131,020 | 193,610 | 331,817 | 408,041 |
Investment (loss) - net | (131,020) | (193,610) | (331,817) | (408,041) |
Realized and unrealized gain/(loss) on investments: | ||||
Net change in open trade equity/(deficit) | 125,890 | 1,598,713 | (145,848) | 1,594,363 |
Trading commissions | (13,061) | (34,291) | (46,591) | (63,220) |
Change in fair value of investments in unconsolidated trading companies | (116,886) | (151,904) | (364,645) | 251,551 |
Net gain/(loss) on investments | (1,387,409) | 83,339 | (1,753,774) | 2,542,184 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | 1,518,429 | (110,271) | (2,085,591) | 2,134,143 |
Less: Operations attributable to non-controlling interests | (358,900) | 73,874 | (413,210) | 992,817 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (1,159,529) | (184,145) | (1,652,963) | 1,141,326 |
Equinox Frontier Select Fund [Member] | Futures And Forwards [Member] | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | (868,397) | (1,397,141) | ||
Equinox Frontier Select Fund [Member] | Private Investments Companies | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | 2,005 | 2,005 | ||
Net unrealized gain/(loss) on investments | (533,227) | (533,227) | ||
Equinox Frontier Select Fund [Member] | U.S. Treasury Securities | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | (106,707) | (48,865) | (170,783) | 48,117 |
Net unrealized gain/(loss) on investments | 122,974 | 116,827 | 200,751 | (188,274) |
Equinox Frontier Select Fund [Member] | Class One [Member] | ||||
Expenses: | ||||
Service Fees | $ 60,437 | $ 85,705 | $ 129,768 | $ 50,302 |
Equinox Frontier Select Fund [Member] | Owner Class One [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 | $ (11.09) | $ (1.28) | $ (11.09) | $ 7.77 |
Equinox Frontier Select Fund [Member] | Owner Class Two [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | (15.09) | (0.76) | (15.09) | 12.81 |
Equinox Frontier Select Fund [Member] | Owner Class One AP [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 | $ (11.37) | $ (0.57) | $ (11.37) | $ 9.65 |
Equinox Frontier Winton Fund [Member] | ||||
Investment income/(loss): | ||||
Interest - net | $ 176 | |||
Total Income | 176 | |||
Expenses: | ||||
Incentive Fees (rebate) | (49,790) | 99,067 | ||
Management Fees | 227,131 | 265,095 | 489,086 | 540,915 |
Risk analysis Fees | 35,345 | 57,716 | ||
Trading Fees | 154,026 | 64,892 | 303,364 | 133,216 |
Other Fees | 7,074 | 7,074 | ||
Total Expenses | 550,038 | 499,810 | 1,089,598 | 1,122,876 |
Investment (loss) - net | (550,038) | (499,810) | (1,089,598) | (1,122,700) |
Realized and unrealized gain/(loss) on investments: | ||||
Net change in open trade equity/(deficit) | (1,008,635) | 4,532,895 | (2,405,781) | 4,609,049 |
Trading commissions | (11,828) | (23,337) | (28,565) | (45,475) |
Change in fair value of investments in unconsolidated trading companies | (21,961) | (478,301) | (303,217) | (1,085,939) |
Net gain/(loss) on investments | (1,992,821) | 2,031,063 | (1,306,010) | 5,063,384 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (2,542,859) | 1,531,253 | (2,395,608) | 3,940,684 |
Less: Operations attributable to non-controlling interests | (962,079) | 955,510 | (566,541) | 2,198,656 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (1,580,780) | 575,743 | (1,829,067) | 1,742,028 |
Equinox Frontier Winton Fund [Member] | Futures And Forwards [Member] | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | (977,909) | (2,484,671) | ||
Equinox Frontier Winton Fund [Member] | Private Investments Companies | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net unrealized gain/(loss) on investments | ||||
Equinox Frontier Winton Fund [Member] | U.S. Treasury Securities | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | (744,367) | 1,182,081 | (1,104,301) | 1,196,438 |
Net unrealized gain/(loss) on investments | 771,879 | (697,604) | 1,206,428 | 345,259 |
Equinox Frontier Winton Fund [Member] | Class One [Member] | ||||
Expenses: | ||||
Service Fees | $ 126,462 | $ 169,823 | $ 269,091 | $ 349,678 |
Equinox Frontier Winton Fund [Member] | Owner Class One [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 | $ (8.84) | $ 2.35 | $ (10.42) | $ 7.36 |
Equinox Frontier Winton Fund [Member] | Owner Class Two [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 | (10.64) | 4.85 | (11.32) | 13.16 |
Equinox Frontier Winton Fund [Member] | Owner Class One AP [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) | $ 3.82 | $ (8.91) | $ 10.37 |
Equinox Frontier Heritage Fund [Member] | ||||
Investment income/(loss): | ||||
Interest - net | ||||
Total Income | ||||
Expenses: | ||||
Incentive Fees (rebate) | (4,603) | 9,072 | ||
Management Fees | 58,866 | 60,698 | 117,858 | 123,719 |
Risk analysis Fees | ||||
Trading Fees | 49,583 | 21,462 | 109,257 | 40,676 |
Other Fees | 1,732 | 1,732 | ||
Total Expenses | 158,873 | 145,917 | 325,031 | 304,893 |
Investment (loss) - net | (158,873) | (145,917) | (325,031) | (304,893) |
Realized and unrealized gain/(loss) on investments: | ||||
Net change in open trade equity/(deficit) | ||||
Trading commissions | (3,507) | (7,009) | ||
Change in fair value of investments in unconsolidated trading companies | (229,768) | 86,966 | (207,721) | 196,283 |
Net gain/(loss) on investments | (379,650) | (39,331) | (753,052) | 1,194,432 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (538,523) | (185,248) | (1,078,083) | 889,539 |
Less: Operations attributable to non-controlling interests | (103,491) | (110,814) | (302,891) | 332,189 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (435,032) | (74,434) | (775,192) | 557,350 |
Equinox Frontier Heritage Fund [Member] | Swaps | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net unrealized gain/(loss) on investments | (213,455) | (225,060) | (624,727) | 672,035 |
Equinox Frontier Heritage Fund [Member] | U.S. Treasury Securities | ||||
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on investments | (133,041) | 251,523 | (211,694) | 254,587 |
Net unrealized gain/(loss) on investments | 196,614 | (149,253) | 291,090 | 78,536 |
Equinox Frontier Heritage Fund [Member] | Class One [Member] | ||||
Expenses: | ||||
Service Fees | $ 48,692 | $ 63,757 | $ 100,787 | $ 131,426 |
Equinox Frontier Heritage Fund [Member] | Owner Class One [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 | $ (6.24) | $ (0.99) | $ (10.6) | $ 5.5 |
Equinox Frontier Heritage Fund [Member] | Owner Class Two [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 | (7.84) | (0.03) | (12.92) | 10.4 |
Equinox Frontier Heritage Fund [Member] | Owner Class One AP [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 | $ (6.70) | $ (0.02) | $ (9.66) | $ 7.78 |
Statements of Changes in Owners
Statements of Changes in Owners' Capital (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2017 | ||
Equinox Frontier Diversified Fund [Member] | Class One [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 5,189,420 | ||
Sale of Units | 3,063 | ||
Redemption of Units | (1,505,635) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (140,764) | ||
Owners' Capital, Ending balance | $ 3,546,084 | $ 3,546,084 | |
Owners' Capital - Units, Beginning balance | 44,569 | ||
Owners' Capital - Units, Sale of Units | 26 | ||
Owners' Capital - Units, Redemption of Units | (12,857) | ||
Owners' Capital - Units, Ending balance | 31,739 | 31,739 | |
Net asset value per unit, Beginning balance | $ 116.43 | ||
Change in net asset value per unit for the period | (4.7) | ||
Net asset value per unit, Ending balance | $ 111.73 | 111.73 | |
Equinox Frontier Diversified Fund [Member] | Class One [Member] | |||
Net asset value per unit, Beginning balance | [1] | 119.31 | 116.43 |
Net asset value per unit, Ending balance | [1] | $ 111.73 | $ 111.73 |
Equinox Frontier Diversified Fund [Member] | Class Two [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 37,771,385 | ||
Sale of Units | 599,571 | ||
Redemption of Units | (27,119,355) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | 1,096,452 | ||
Owners' Capital, Ending balance | $ 12,348,053 | $ 12,348,053 | |
Owners' Capital - Units, Beginning balance | 284,124 | ||
Owners' Capital - Units, Sale of Units | 4,572 | ||
Owners' Capital - Units, Redemption of Units | (192,690) | ||
Owners' Capital - Units, Ending balance | 96,006 | 96,006 | |
Net asset value per unit, Beginning balance | [2] | $ 132.94 | |
Change in net asset value per unit for the period | [2] | (4.32) | |
Net asset value per unit, Ending balance | [2] | $ 128.62 | $ 128.62 |
Equinox Frontier Diversified Fund [Member] | Class Two [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 460,196 | ||
Sale of Units | |||
Redemption of Units | (146,669) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (267,746) | ||
Owners' Capital, Ending balance | $ 45,781 | $ 45,781 | |
Owners' Capital - Units, Beginning balance | 3,462 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | (3,106) | ||
Owners' Capital - Units, Ending balance | 356 | 356 | |
Net asset value per unit, Beginning balance | [2] | $ 132.94 | |
Change in net asset value per unit for the period | [2] | (4.32) | |
Net asset value per unit, Ending balance | [2] | $ 128.62 | $ 128.62 |
Equinox Frontier Diversified Fund [Member] | Class Two [Member] | |||
Owners' Capital - Units, Beginning balance | 287,586 | ||
Net asset value per unit, Beginning balance | [1] | 136.74 | $ 132.94 |
Net asset value per unit, Ending balance | [1] | $ 128.62 | $ 128.62 |
Equinox Frontier Diversified Fund [Member] | Class Three [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 13,016,491 | ||
Sale of Units | 983,229 | ||
Redemption of Units | (3,200,976) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (246,621) | ||
Owners' Capital, Ending balance | $ 10,552,123 | $ 10,552,123 | |
Owners' Capital - Units, Beginning balance | 105,594 | ||
Owners' Capital - Units, Sale of Units | 7,968 | ||
Owners' Capital - Units, Redemption of Units | (25,197) | ||
Owners' Capital - Units, Ending balance | 88,365 | 88,365 | |
Net asset value per unit, Beginning balance | [2] | $ 123.27 | |
Change in net asset value per unit for the period | [2] | (3.85) | |
Net asset value per unit, Ending balance | [2] | $ 119.42 | $ 119.42 |
Equinox Frontier Diversified Fund [Member] | Class Three [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 33,899 | ||
Sale of Units | 182,372 | ||
Redemption of Units | |||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (13,735) | ||
Owners' Capital, Ending balance | $ 202,536 | $ 202,536 | |
Owners' Capital - Units, Beginning balance | 275 | ||
Owners' Capital - Units, Sale of Units | 1,421 | ||
Owners' Capital - Units, Redemption of Units | |||
Owners' Capital - Units, Ending balance | 1,696 | 1,696 | |
Net asset value per unit, Beginning balance | [2] | $ 123.27 | |
Change in net asset value per unit for the period | [2] | (3.85) | |
Net asset value per unit, Ending balance | [2] | $ 119.42 | 119.42 |
Equinox Frontier Diversified Fund [Member] | Class Three [Member] | |||
Net asset value per unit, Beginning balance | [1] | 126.88 | 123.27 |
Net asset value per unit, Ending balance | [1] | $ 119.42 | $ 119.42 |
Equinox Frontier Diversified Fund [Member] | Noncontrolling Interest [Member] | |||
Owners' Capital, Beginning balance | |||
Sale of Units | |||
Redemption of Units | |||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | |||
Owners' Capital, Ending balance | |||
Equinox Frontier Diversified Fund [Member] | |||
Owners' Capital, Beginning balance | 56,471,391 | ||
Sale of Units | 1,768,235 | ||
Redemption of Units | (31,972,635) | ||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (1,177,243) | 427,586 | |
Owners' Capital, Ending balance | 26,694,577 | 26,694,577 | |
Equinox Frontier Masters Fund [Member] | Class One [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 5,361,626 | ||
Sale of Units | 2,610 | ||
Redemption of Units | (1,482,436) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (369,860) | ||
Owners' Capital, Ending balance | $ 3,511,940 | $ 3,511,940 | |
Owners' Capital - Units, Beginning balance | 47,530 | ||
Owners' Capital - Units, Sale of Units | 23 | ||
Owners' Capital - Units, Redemption of Units | (13,255) | ||
Owners' Capital - Units, Ending balance | 34,298 | 34,298 | |
Net asset value per unit, Beginning balance | $ 112.8 | ||
Change in net asset value per unit for the period | (10.41) | ||
Net asset value per unit, Ending balance | $ 102.39 | 102.39 | |
Equinox Frontier Masters Fund [Member] | Class One [Member] | |||
Net asset value per unit, Beginning balance | [1] | 113.10 | 112.80 |
Net asset value per unit, Ending balance | [1] | $ 102.39 | $ 102.39 |
Equinox Frontier Masters Fund [Member] | Class Two [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 5,320,871 | ||
Sale of Units | 65,000 | ||
Redemption of Units | (1,429,555) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (322,094) | ||
Owners' Capital, Ending balance | $ 3,634,222 | $ 3,634,222 | |
Owners' Capital - Units, Beginning balance | 41,318 | ||
Owners' Capital - Units, Sale of Units | 505 | ||
Owners' Capital - Units, Redemption of Units | (11,010) | ||
Owners' Capital - Units, Ending balance | 30,813 | 30,813 | |
Net asset value per unit, Beginning balance | [2] | $ 128.78 | |
Change in net asset value per unit for the period | [2] | (10.88) | |
Net asset value per unit, Ending balance | [2] | $ 117.9 | $ 117.9 |
Equinox Frontier Masters Fund [Member] | Class Two [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 336,691 | ||
Sale of Units | |||
Redemption of Units | (209,040) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (28,415) | ||
Owners' Capital, Ending balance | $ 99,236 | $ 99,236 | |
Owners' Capital - Units, Beginning balance | 2,615 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | (1,763) | ||
Owners' Capital - Units, Ending balance | 852 | 852 | |
Net asset value per unit, Beginning balance | [2] | $ 128.78 | |
Change in net asset value per unit for the period | [2] | (10.88) | |
Net asset value per unit, Ending balance | [2] | $ 117.9 | 117.9 |
Equinox Frontier Masters Fund [Member] | Class Two [Member] | |||
Net asset value per unit, Beginning balance | [1] | 129.65 | 128.78 |
Net asset value per unit, Ending balance | [1] | $ 117.90 | $ 117.90 |
Equinox Frontier Masters Fund [Member] | Class Three [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 6,117,149 | ||
Sale of Units | 1,313,252 | ||
Redemption of Units | (885,947) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (537,939) | ||
Owners' Capital, Ending balance | $ 6,006,515 | $ 6,006,515 | |
Owners' Capital - Units, Beginning balance | 51,022 | ||
Owners' Capital - Units, Sale of Units | 11,008 | ||
Owners' Capital - Units, Redemption of Units | (7,378) | ||
Owners' Capital - Units, Ending balance | 54,652 | 54,652 | |
Net asset value per unit, Beginning balance | [2] | $ 119.89 | |
Change in net asset value per unit for the period | [2] | (9.99) | |
Net asset value per unit, Ending balance | [2] | $ 109.9 | $ 109.9 |
Equinox Frontier Masters Fund [Member] | Class Three [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 32,970 | ||
Sale of Units | |||
Redemption of Units | |||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (3,114) | ||
Owners' Capital, Ending balance | $ 29,856 | $ 29,856 | |
Owners' Capital - Units, Beginning balance | 275 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | |||
Owners' Capital - Units, Ending balance | 275 | 275 | |
Net asset value per unit, Beginning balance | [2] | $ 119.89 | |
Change in net asset value per unit for the period | [2] | (9.99) | |
Net asset value per unit, Ending balance | [2] | $ 109.9 | 109.9 |
Equinox Frontier Masters Fund [Member] | Class Three [Member] | |||
Net asset value per unit, Beginning balance | [1] | 120.78 | 119.89 |
Net asset value per unit, Ending balance | [1] | $ 109.90 | $ 109.90 |
Equinox Frontier Masters Fund [Member] | Noncontrolling Interest [Member] | |||
Owners' Capital, Beginning balance | |||
Sale of Units | |||
Redemption of Units | |||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | |||
Owners' Capital, Ending balance | |||
Equinox Frontier Masters Fund [Member] | |||
Owners' Capital, Beginning balance | 17,169,307 | ||
Sale of Units | 1,380,862 | ||
Redemption of Units | (4,006,978) | ||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (1,386,178) | (1,261,422) | |
Owners' Capital, Ending balance | 13,281,769 | 13,281,769 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Two [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 508,474 | ||
Sale of Units | |||
Redemption of Units | (176,038) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (10,726) | ||
Owners' Capital, Ending balance | $ 321,710 | $ 321,710 | |
Owners' Capital - Units, Beginning balance | 3,924 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | (1,158) | ||
Owners' Capital - Units, Ending balance | 2,766 | 2,766 | |
Net asset value per unit, Beginning balance | [2] | $ 129.56 | |
Change in net asset value per unit for the period | [2] | (13.21) | |
Net asset value per unit, Ending balance | [2] | $ 116.35 | $ 116.35 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Two [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 299,889 | ||
Sale of Units | |||
Redemption of Units | (266,500) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (14,610) | ||
Owners' Capital, Ending balance | $ 18,779 | $ 18,779 | |
Owners' Capital - Units, Beginning balance | 2,316 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | (2,155) | ||
Owners' Capital - Units, Ending balance | 161 | 161 | |
Net asset value per unit, Beginning balance | [2] | $ 129.56 | |
Change in net asset value per unit for the period | [2] | (13.21) | |
Net asset value per unit, Ending balance | [2] | $ 116.35 | 116.35 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Two [Member] | |||
Net asset value per unit, Beginning balance | [1] | 133.17 | 129.56 |
Net asset value per unit, Ending balance | [1] | $ 116.35 | $ 116.35 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Three [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 4,405,863 | ||
Sale of Units | |||
Redemption of Units | (1,170,731) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (192,938) | ||
Owners' Capital, Ending balance | $ 3,042,194 | $ 3,042,194 | |
Owners' Capital - Units, Beginning balance | 33,685 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | (8,761) | ||
Owners' Capital - Units, Ending balance | 24,924 | 24,924 | |
Net asset value per unit, Beginning balance | $ 130.8 | ||
Change in net asset value per unit for the period | (8.74) | ||
Net asset value per unit, Ending balance | $ 122.06 | 122.06 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Three [Member] | |||
Net asset value per unit, Beginning balance | [1] | 134.87 | 130.80 |
Net asset value per unit, Ending balance | [1] | $ 122.06 | $ 122.06 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Onea [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 1,913,595 | ||
Sale of Units | |||
Redemption of Units | (1,508,395) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (5,286) | ||
Owners' Capital, Ending balance | $ 399,914 | $ 399,914 | |
Owners' Capital - Units, Beginning balance | 20,628 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | (15,846) | ||
Owners' Capital - Units, Ending balance | 4,782 | 4,782 | |
Net asset value per unit, Beginning balance | $ 92.78 | ||
Change in net asset value per unit for the period | (9.15) | ||
Net asset value per unit, Ending balance | $ 83.63 | 83.63 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Onea [Member] | |||
Net asset value per unit, Beginning balance | [1] | 95 | 92.78 |
Net asset value per unit, Ending balance | [1] | $ 83.63 | $ 83.63 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Twoa [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 728,453 | ||
Sale of Units | |||
Redemption of Units | (178,621) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (58,743) | ||
Owners' Capital, Ending balance | $ 491,089 | $ 491,089 | |
Owners' Capital - Units, Beginning balance | 6,893 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | (1,744) | ||
Owners' Capital - Units, Ending balance | 5,149 | 5,149 | |
Net asset value per unit, Beginning balance | [2] | $ 105.67 | |
Change in net asset value per unit for the period | [2] | (10.28) | |
Net asset value per unit, Ending balance | [2] | $ 95.39 | $ 95.39 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Twoa [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 234,742 | ||
Sale of Units | |||
Redemption of Units | (210,852) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | 10,872 | ||
Owners' Capital, Ending balance | $ 34,762 | $ 34,762 | |
Owners' Capital - Units, Beginning balance | 2,222 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | (1,858) | ||
Owners' Capital - Units, Ending balance | 364 | 364 | |
Net asset value per unit, Beginning balance | [2] | $ 105.67 | |
Change in net asset value per unit for the period | [2] | (10.28) | |
Net asset value per unit, Ending balance | [2] | $ 95.39 | 95.39 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Twoa [Member] | |||
Net asset value per unit, Beginning balance | [1] | 109.48 | 105.67 |
Net asset value per unit, Ending balance | [1] | $ 95.39 | $ 95.39 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Threea [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 1,162,796 | ||
Sale of Units | 946,844 | ||
Redemption of Units | (571,090) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (124,684) | ||
Owners' Capital, Ending balance | $ 1,413,866 | $ 1,413,866 | |
Owners' Capital - Units, Beginning balance | 10,816 | ||
Owners' Capital - Units, Sale of Units | 8,513 | ||
Owners' Capital - Units, Redemption of Units | (5,157) | ||
Owners' Capital - Units, Ending balance | 14,172 | 14,172 | |
Net asset value per unit, Beginning balance | [2] | $ 107.5 | |
Change in net asset value per unit for the period | [2] | (7.73) | |
Net asset value per unit, Ending balance | [2] | $ 99.76 | $ 99.76 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Threea [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 11,715 | ||
Sale of Units | |||
Redemption of Units | (10,565) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | 641 | ||
Owners' Capital, Ending balance | $ 1,791 | $ 1,791 | |
Owners' Capital - Units, Beginning balance | 109 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | (91) | ||
Owners' Capital - Units, Ending balance | 18 | 18 | |
Net asset value per unit, Beginning balance | [2] | $ 107.5 | |
Change in net asset value per unit for the period | [2] | (7.73) | |
Net asset value per unit, Ending balance | [2] | $ 99.76 | 99.76 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Threea [Member] | |||
Net asset value per unit, Beginning balance | [1] | 111.98 | 107.50 |
Net asset value per unit, Ending balance | [1] | $ 99.76 | $ 99.76 |
Equinox Frontier Long/Short Commodity Fund [Member] | Noncontrolling Interest [Member] | |||
Owners' Capital, Beginning balance | |||
Sale of Units | |||
Redemption of Units | |||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | |||
Owners' Capital, Ending balance | |||
Equinox Frontier Long/Short Commodity Fund [Member] | |||
Owners' Capital, Beginning balance | 9,265,527 | ||
Sale of Units | 946,844 | ||
Redemption of Units | (4,092,792) | ||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (746,261) | (395,474) | |
Owners' Capital, Ending balance | 5,724,105 | 5,724,105 | |
Equinox Frontier Balanced Fund [Member] | Class One [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 56,955,371 | ||
Sale of Units | 34,075 | ||
Redemption of Units | (11,054,137) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (1,521,133) | ||
Owners' Capital, Ending balance | $ 44,414,176 | $ 44,414,176 | |
Owners' Capital - Units, Beginning balance | 422,530 | ||
Owners' Capital - Units, Sale of Units | 255 | ||
Owners' Capital - Units, Redemption of Units | (80,718) | ||
Owners' Capital - Units, Ending balance | 342,067 | 342,067 | |
Net asset value per unit, Beginning balance | $ 134.8 | ||
Change in net asset value per unit for the period | (4.96) | ||
Net asset value per unit, Ending balance | $ 129.84 | 129.84 | |
Equinox Frontier Balanced Fund [Member] | Class One [Member] | |||
Net asset value per unit, Beginning balance | [1] | 137.81 | 134.80 |
Net asset value per unit, Ending balance | [1] | $ 129.84 | $ 129.84 |
Equinox Frontier Balanced Fund [Member] | Class Two [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 21,871,170 | ||
Sale of Units | 4,937 | ||
Redemption of Units | (12,299,697) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | 507,158 | ||
Owners' Capital, Ending balance | $ 10,083,568 | $ 10,083,568 | |
Owners' Capital - Units, Beginning balance | 112,166 | ||
Owners' Capital - Units, Sale of Units | 25 | ||
Owners' Capital - Units, Redemption of Units | (59,292) | ||
Owners' Capital - Units, Ending balance | 52,899 | 52,899 | |
Net asset value per unit, Beginning balance | [2] | $ 194.99 | |
Change in net asset value per unit for the period | [2] | (4.37) | |
Net asset value per unit, Ending balance | [2] | $ 190.62 | $ 190.62 |
Equinox Frontier Balanced Fund [Member] | Class Two [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 530,387 | ||
Sale of Units | |||
Redemption of Units | (75,000) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (216,807) | ||
Owners' Capital, Ending balance | $ 238,580 | $ 238,580 | |
Owners' Capital - Units, Beginning balance | 2,720 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | (1,469) | ||
Owners' Capital - Units, Ending balance | 1,251 | 1,251 | |
Net asset value per unit, Beginning balance | [2] | $ 194.99 | |
Change in net asset value per unit for the period | [2] | (4.37) | |
Net asset value per unit, Ending balance | [2] | $ 190.62 | 190.62 |
Equinox Frontier Balanced Fund [Member] | Class Two [Member] | |||
Net asset value per unit, Beginning balance | [1] | 200.81 | 194.99 |
Net asset value per unit, Ending balance | [1] | $ 190.62 | $ 190.62 |
Equinox Frontier Balanced Fund [Member] | Class Twoa [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 307,144 | ||
Sale of Units | |||
Redemption of Units | (90,774) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (4,100) | ||
Owners' Capital, Ending balance | $ 212,270 | $ 212,270 | |
Owners' Capital - Units, Beginning balance | 1,817 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | (536) | ||
Owners' Capital - Units, Ending balance | 1,281 | 1,281 | |
Net asset value per unit, Beginning balance | [2] | $ 169.05 | |
Change in net asset value per unit for the period | [2] | (3.28) | |
Net asset value per unit, Ending balance | [2] | $ 165.77 | $ 165.77 |
Equinox Frontier Balanced Fund [Member] | Class Twoa [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 209,112 | ||
Sale of Units | 123,835 | ||
Redemption of Units | |||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (9,789) | ||
Owners' Capital, Ending balance | $ 323,158 | $ 323,158 | |
Owners' Capital - Units, Beginning balance | 1,237 | ||
Owners' Capital - Units, Sale of Units | 712 | ||
Owners' Capital - Units, Redemption of Units | |||
Owners' Capital - Units, Ending balance | 1,949 | 1,949 | |
Net asset value per unit, Beginning balance | [2] | $ 169.05 | |
Change in net asset value per unit for the period | [2] | (3.28) | |
Net asset value per unit, Ending balance | [2] | $ 165.77 | 165.77 |
Equinox Frontier Balanced Fund [Member] | Class Twoa [Member] | |||
Net asset value per unit, Beginning balance | [1] | 174.17 | 169.05 |
Net asset value per unit, Ending balance | [1] | $ 165.77 | $ 165.77 |
Equinox Frontier Balanced Fund [Member] | Class Threea [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 1,749,006 | ||
Sale of Units | |||
Redemption of Units | (298,717) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (19,565) | ||
Owners' Capital, Ending balance | $ 1,430,724 | $ 1,430,724 | |
Owners' Capital - Units, Beginning balance | 10,380 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | (1,721) | ||
Owners' Capital - Units, Ending balance | 8,659 | 8,659 | |
Net asset value per unit, Beginning balance | $ 168.49 | ||
Change in net asset value per unit for the period | (3.27) | ||
Net asset value per unit, Ending balance | $ 165.22 | 165.22 | |
Equinox Frontier Balanced Fund [Member] | Class Threea [Member] | |||
Net asset value per unit, Beginning balance | [1] | 173.59 | 168.49 |
Net asset value per unit, Ending balance | [1] | $ 165.22 | $ 165.22 |
Equinox Frontier Balanced Fund [Member] | Class OneAP [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 677,181 | ||
Sale of Units | |||
Redemption of Units | (90,030) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (10,954) | ||
Owners' Capital, Ending balance | $ 576,197 | $ 576,197 | |
Owners' Capital - Units, Beginning balance | 4,671 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | (605) | ||
Owners' Capital - Units, Ending balance | 4,066 | 4,066 | |
Net asset value per unit, Beginning balance | $ 144.97 | ||
Change in net asset value per unit for the period | (3.26) | ||
Net asset value per unit, Ending balance | $ 141.71 | 141.71 | |
Equinox Frontier Balanced Fund [Member] | Class OneAP [Member] | |||
Net asset value per unit, Beginning balance | [1] | 149.29 | 144.97 |
Net asset value per unit, Ending balance | [1] | $ 141.71 | $ 141.71 |
Equinox Frontier Balanced Fund [Member] | Noncontrolling Interest [Member] | |||
Owners' Capital, Beginning balance | |||
Sale of Units | |||
Redemption of Units | |||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | |||
Owners' Capital, Ending balance | |||
Equinox Frontier Balanced Fund [Member] | |||
Owners' Capital, Beginning balance | 82,299,371 | ||
Sale of Units | 162,847 | ||
Redemption of Units | (23,908,355) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (3,221,665) | (1,275,190) | |
Owners' Capital, Ending balance | 57,278,673 | 57,278,673 | |
Equinox Frontier Select Fund [Member] | Class One [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 10,540,702 | ||
Sale of Units | 1,467 | ||
Redemption of Units | (2,611,797) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (1,441,945) | ||
Owners' Capital, Ending balance | $ 6,488,427 | $ 6,488,427 | |
Owners' Capital - Units, Beginning balance | 112,059 | ||
Owners' Capital - Units, Sale of Units | 16 | ||
Owners' Capital - Units, Redemption of Units | (29,726) | ||
Owners' Capital - Units, Ending balance | 82,349 | 82,349 | |
Net asset value per unit, Beginning balance | $ 94.06 | ||
Change in net asset value per unit for the period | (15.27) | ||
Net asset value per unit, Ending balance | $ 78.79 | 78.79 | |
Equinox Frontier Select Fund [Member] | Class One [Member] | |||
Net asset value per unit, Beginning balance | [1] | 89.88 | 94.06 |
Net asset value per unit, Ending balance | [1] | $ 78.79 | $ 78.79 |
Equinox Frontier Select Fund [Member] | Class Two [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 1,402,043 | ||
Sale of Units | |||
Redemption of Units | (243,446) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (175,438) | ||
Owners' Capital, Ending balance | $ 983,159 | $ 983,159 | |
Owners' Capital - Units, Beginning balance | 10,444 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | (1,828) | ||
Owners' Capital - Units, Ending balance | 8,616 | 8,616 | |
Net asset value per unit, Beginning balance | [2] | $ 134.25 | |
Change in net asset value per unit for the period | [2] | (20.14) | |
Net asset value per unit, Ending balance | [2] | $ 114.11 | $ 114.11 |
Equinox Frontier Select Fund [Member] | Class Two [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 9,397 | ||
Sale of Units | 98,345 | ||
Redemption of Units | |||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (31,593) | ||
Owners' Capital, Ending balance | $ 76,149 | $ 76,149 | |
Owners' Capital - Units, Beginning balance | 70 | ||
Owners' Capital - Units, Sale of Units | 753 | ||
Owners' Capital - Units, Redemption of Units | (156) | ||
Owners' Capital - Units, Ending balance | 667 | 667 | |
Net asset value per unit, Beginning balance | [2] | $ 134.25 | |
Change in net asset value per unit for the period | [2] | (20.14) | |
Net asset value per unit, Ending balance | [2] | $ 114.11 | 114.11 |
Equinox Frontier Select Fund [Member] | Class Two [Member] | |||
Net asset value per unit, Beginning balance | [1] | 129.20 | 134.25 |
Net asset value per unit, Ending balance | [1] | $ 114.11 | $ 114.11 |
Equinox Frontier Select Fund [Member] | Class OneAP [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 29,897 | ||
Sale of Units | |||
Redemption of Units | (4,175) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (3,987) | ||
Owners' Capital, Ending balance | $ 21,735 | $ 21,735 | |
Owners' Capital - Units, Beginning balance | 296 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | (43) | ||
Owners' Capital - Units, Ending balance | 253 | 253 | |
Net asset value per unit, Beginning balance | $ 101.16 | ||
Change in net asset value per unit for the period | (15.26) | ||
Net asset value per unit, Ending balance | $ 85.9 | 85.9 | |
Equinox Frontier Select Fund [Member] | Class OneAP [Member] | |||
Net asset value per unit, Beginning balance | [1] | 97.27 | 101.16 |
Net asset value per unit, Ending balance | [1] | $ 85.90 | $ 85.90 |
Equinox Frontier Select Fund [Member] | Noncontrolling Interest [Member] | |||
Owners' Capital, Beginning balance | $ 4,107,816 | ||
Sale of Units | |||
Redemption of Units | |||
Change in control of ownership - Trading Companies | (3,694,606) | ||
Operations attributable to non-controlling interests | (413,210) | ||
Net increase/(decrease) in Owners' Capital resulting from operations | |||
Owners' Capital, Ending balance | |||
Equinox Frontier Select Fund [Member] | |||
Owners' Capital, Beginning balance | 16,089,855 | ||
Sale of Units | 99,812 | ||
Redemption of Units | (2,859,418) | ||
Change in control of ownership - Trading Companies | (3,694,606) | ||
Operations attributable to non-controlling interests | (358,900) | (413,210) | |
Net increase/(decrease) in Owners' Capital resulting from operations | (1,159,529) | (1,652,963) | |
Owners' Capital, Ending balance | 7,569,470 | 7,569,470 | |
Equinox Frontier Winton Fund [Member] | Class One [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 20,284,935 | ||
Sale of Units | 1,424,276 | ||
Redemption of Units | (6,908,947) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (1,212,548) | ||
Owners' Capital, Ending balance | $ 13,587,716 | $ 13,587,716 | |
Owners' Capital - Units, Beginning balance | 131,283 | ||
Owners' Capital - Units, Sale of Units | 9,771 | ||
Owners' Capital - Units, Redemption of Units | (46,751) | ||
Owners' Capital - Units, Ending balance | 94,303 | 94,303 | |
Net asset value per unit, Beginning balance | $ 154.51 | ||
Change in net asset value per unit for the period | (10.42) | ||
Net asset value per unit, Ending balance | $ 144.09 | 144.09 | |
Equinox Frontier Winton Fund [Member] | Class One [Member] | |||
Net asset value per unit, Beginning balance | [1] | 152.93 | 154.51 |
Net asset value per unit, Ending balance | [1] | $ 144.09 | $ 144.09 |
Equinox Frontier Winton Fund [Member] | Class Two [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 11,402,560 | ||
Sale of Units | |||
Redemption of Units | (586,221) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (546,507) | ||
Owners' Capital, Ending balance | $ 10,269,832 | $ 10,269,832 | |
Owners' Capital - Units, Beginning balance | 54,044 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | (2,607) | ||
Owners' Capital - Units, Ending balance | 51,437 | 51,437 | |
Net asset value per unit, Beginning balance | [2] | $ 210.98 | |
Change in net asset value per unit for the period | [2] | (11.32) | |
Net asset value per unit, Ending balance | [2] | $ 199.66 | $ 199.66 |
Equinox Frontier Winton Fund [Member] | Class Two [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 43,553 | ||
Sale of Units | 267,829 | ||
Redemption of Units | |||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (68,109) | ||
Owners' Capital, Ending balance | $ 243,273 | $ 243,273 | |
Owners' Capital - Units, Beginning balance | 207 | ||
Owners' Capital - Units, Sale of Units | 1,252 | ||
Owners' Capital - Units, Redemption of Units | (241) | ||
Owners' Capital - Units, Ending balance | 1,218 | 1,218 | |
Net asset value per unit, Beginning balance | [2] | $ 210.98 | |
Change in net asset value per unit for the period | [2] | (11.32) | |
Net asset value per unit, Ending balance | [2] | $ 199.66 | 199.66 |
Equinox Frontier Winton Fund [Member] | Class Two [Member] | |||
Net asset value per unit, Beginning balance | [1] | 210.30 | 210.98 |
Net asset value per unit, Ending balance | [1] | $ 199.66 | $ 199.66 |
Equinox Frontier Winton Fund [Member] | Class OneAP [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 35,478 | ||
Sale of Units | |||
Redemption of Units | |||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (1,903) | ||
Owners' Capital, Ending balance | $ 33,575 | $ 33,575 | |
Owners' Capital - Units, Beginning balance | 214 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | |||
Owners' Capital - Units, Ending balance | 214 | 214 | |
Net asset value per unit, Beginning balance | $ 166.17 | ||
Change in net asset value per unit for the period | (8.91) | ||
Net asset value per unit, Ending balance | $ 157.26 | 157.26 | |
Equinox Frontier Winton Fund [Member] | Class OneAP [Member] | |||
Net asset value per unit, Beginning balance | [1] | 165.26 | 166.17 |
Net asset value per unit, Ending balance | [1] | $ 157.26 | $ 157.26 |
Equinox Frontier Winton Fund [Member] | Noncontrolling Interest [Member] | |||
Owners' Capital, Beginning balance | $ 9,108,334 | ||
Sale of Units | |||
Redemption of Units | |||
Change in control of ownership - Trading Companies | (2,560,394) | ||
Operations attributable to non-controlling interests | (566,541) | ||
Net increase/(decrease) in Owners' Capital resulting from operations | |||
Owners' Capital, Ending balance | $ 5,981,399 | 5,981,399 | |
Equinox Frontier Winton Fund [Member] | |||
Owners' Capital, Beginning balance | 40,874,860 | ||
Sale of Units | 1,692,105 | ||
Redemption of Units | (7,495,168) | ||
Change in control of ownership - Trading Companies | (2,560,394) | ||
Operations attributable to non-controlling interests | (962,079) | (566,541) | |
Net increase/(decrease) in Owners' Capital resulting from operations | (1,580,780) | (1,829,067) | |
Owners' Capital, Ending balance | 30,115,795 | 30,115,795 | |
Equinox Frontier Heritage Fund [Member] | Class One [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 7,507,072 | ||
Sale of Units | 602,789 | ||
Redemption of Units | (1,810,226) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (607,181) | ||
Owners' Capital, Ending balance | $ 5,692,454 | $ 5,692,454 | |
Owners' Capital - Units, Beginning balance | 62,779 | ||
Owners' Capital - Units, Sale of Units | 5,413 | ||
Owners' Capital - Units, Redemption of Units | (15,958) | ||
Owners' Capital - Units, Ending balance | 52,234 | 52,234 | |
Net asset value per unit, Beginning balance | $ 119.58 | ||
Change in net asset value per unit for the period | (10.6) | ||
Net asset value per unit, Ending balance | $ 108.98 | 108.98 | |
Equinox Frontier Heritage Fund [Member] | Class One [Member] | |||
Net asset value per unit, Beginning balance | [1] | 115.22 | 119.58 |
Net asset value per unit, Ending balance | [1] | 108.98 | 108.98 |
Equinox Frontier Heritage Fund [Member] | Class Two [Member] | |||
Net asset value per unit, Beginning balance | [1] | 167.02 | 172.10 |
Net asset value per unit, Ending balance | [1] | $ 159.18 | $ 159.18 |
Equinox Frontier Heritage Fund [Member] | Class Twoa [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 2,670,715 | ||
Sale of Units | |||
Redemption of Units | (1,620,492) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (137,172) | ||
Owners' Capital, Ending balance | $ 913,051 | $ 913,051 | |
Owners' Capital - Units, Beginning balance | 15,518 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | (9,782) | ||
Owners' Capital - Units, Ending balance | 5,736 | 5,736 | |
Net asset value per unit, Beginning balance | [2] | $ 172.1 | |
Change in net asset value per unit for the period | [2] | (12.92) | |
Net asset value per unit, Ending balance | [2] | $ 159.18 | $ 159.18 |
Equinox Frontier Heritage Fund [Member] | Class Twoa [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 73,660 | ||
Sale of Units | 24,575 | ||
Redemption of Units | |||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (30,401) | ||
Owners' Capital, Ending balance | $ 67,834 | $ 67,834 | |
Owners' Capital - Units, Beginning balance | 428 | ||
Owners' Capital - Units, Sale of Units | 143 | ||
Owners' Capital - Units, Redemption of Units | (145) | ||
Owners' Capital - Units, Ending balance | 426 | 426 | |
Net asset value per unit, Beginning balance | [2] | $ 172.1 | |
Change in net asset value per unit for the period | [2] | (12.92) | |
Net asset value per unit, Ending balance | [2] | $ 159.18 | $ 159.18 |
Equinox Frontier Heritage Fund [Member] | Class OneAP [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 5,826 | ||
Sale of Units | |||
Redemption of Units | |||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | |||
Net increase/(decrease) in Owners' Capital resulting from operations | (438) | ||
Owners' Capital, Ending balance | $ 5,388 | $ 5,388 | |
Owners' Capital - Units, Beginning balance | 45 | ||
Owners' Capital - Units, Sale of Units | |||
Owners' Capital - Units, Redemption of Units | |||
Owners' Capital - Units, Ending balance | 45 | 45 | |
Net asset value per unit, Beginning balance | $ 128.6 | ||
Change in net asset value per unit for the period | (9.66) | ||
Net asset value per unit, Ending balance | $ 118.94 | 118.94 | |
Equinox Frontier Heritage Fund [Member] | Class OneAP [Member] | |||
Net asset value per unit, Beginning balance | [1] | 125.64 | 128.60 |
Net asset value per unit, Ending balance | [1] | $ 118.94 | $ 118.94 |
Equinox Frontier Heritage Fund [Member] | Noncontrolling Interest [Member] | |||
Owners' Capital, Beginning balance | $ 3,147,279 | ||
Sale of Units | |||
Redemption of Units | |||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | (302,891) | ||
Net increase/(decrease) in Owners' Capital resulting from operations | |||
Owners' Capital, Ending balance | $ 2,844,388 | 2,844,388 | |
Equinox Frontier Heritage Fund [Member] | |||
Owners' Capital, Beginning balance | 13,404,552 | ||
Sale of Units | 627,364 | ||
Redemption of Units | (3,430,718) | ||
Change in control of ownership - Trading Companies | |||
Operations attributable to non-controlling interests | (103,491) | (302,891) | |
Net increase/(decrease) in Owners' Capital resulting from operations | (435,032) | (775,192) | |
Owners' Capital, Ending balance | 9,523,115 | 9,523,115 | |
Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 216,935,224 | ||
Sale of Units | 5,981,113 | ||
Redemption of Units | (76,847,438) | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (6,088,917) | ||
Owners' Capital, Ending balance | 139,979,982 | 139,979,982 | |
Managing Owner [Member] | |||
Owners' Capital, Beginning balance | 2,276,211 | ||
Sale of Units | 696,956 | ||
Redemption of Units | (918,626) | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (672,806) | ||
Owners' Capital, Ending balance | 1,381,735 | 1,381,735 | |
Owners' Capital, Beginning balance | 219,211,435 | ||
Sale of Units | 6,678,069 | ||
Redemption of Units | (77,766,064) | ||
Net increase/(decrease) in Owners' Capital resulting from operations | (6,761,723) | ||
Owners' Capital, Ending balance | $ 141,361,717 | $ 141,361,717 | |
[1] | Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. | ||
[2] | Values are for both the Managing Owner and Limited Owners. |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | $ (6,761,723) | $ 8,962,687 |
Change in: | ||
Net change in open trade equity/(deficit), at fair value | 3,549,571 | (12,994,371) |
Net change in options purchased, at fair value | 301,988 | |
Net change in options written, at fair value | (30,990) | |
Increase and/or decrease in: | ||
Receivable from futures commission merchants | 12,231,207 | 26,100,208 |
Prepaid service fees | 14,626 | |
Interest receivable | 38,007 | 887,740 |
Receivable from related parties | 87,670 | (223) |
Other assets | (369,483) | (16,797) |
Interest payable | 21,641 | |
Incentive fees payable to Managing Owner | 331,700 | |
Management fees payable to Managing Owner | (185,530) | (99,079) |
Interest payable to Managing Owner | 131,313 | (58,021) |
Trading fees payable to Managing Owner | (19,392) | (24,714) |
Service fees payable to Managing Owner | 19,036 | (30,727) |
Risk analysis fees payable | 60,837 | |
Payables to related parties | (85,078) | 591 |
Other liabilities | (125,617) | 15,751 |
Net cash provided by (used in) operating activities | 77,795,490 | 16,585,166 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of units | 6,678,069 | 10,362,294 |
Payment for redemption of units | (77,766,064) | (23,431,962) |
Pending owner additions | (2,349) | |
Advance on unrealized Swap Appreciation | ||
Owner redemptions payable | 27,493,233 | (419,355) |
Net cash provided by (used in) financing activities | (43,594,762) | (13,491,372) |
Net increase (decrease) in cash and cash equivalents | 34,200,728 | 3,093,794 |
Cash and cash equivalents, beginning of period | 4,747,043 | 13,975,625 |
Cash and cash equivalents, end of period | 38,947,771 | 17,069,419 |
Futures And Forwards [Member] | ||
Change in: | ||
Net realized gain/(loss) on investments | 17,179 | (3,271,436) |
Swap [Member] | ||
Change in: | ||
Net realized gain/(loss) on investments | (5,466,894) | |
Net unrealized gain/(loss) on investments | 568,884 | (1,038,550) |
(Purchases) sales of: | ||
Sales of Investments | 82,389,783 | |
Purchase of Investments | 3,600,050 | (26,620,440) |
Interest and premium paid/amortized | 743,289 | |
U.S. Treasury Securities | ||
Change in: | ||
Net realized gain/(loss) on investments | 2,129,137 | (5,466,894) |
Net unrealized gain/(loss) on investments | (2,880,938) | 4,416,295 |
(Purchases) sales of: | ||
Sales of Investments | 31,077,911 | |
Purchase of Investments | ||
Interest and premium paid/amortized | 271,301 | |
Private Investments Companies | ||
Change in: | ||
Net realized gain/(loss) on investments | (4,806,521) | |
Net unrealized gain/(loss) on investments | 3,031,749 | (869,936) |
(Purchases) sales of: | ||
Sales of Investments | 77,366,330 | |
Purchase of Investments | (41,133,231) | (59,890,629) |
Equinox Frontier Diversified Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | 427,586 | 1,556,418 |
Change in: | ||
Net change in ownership allocation of U.S. Treasury securities | (82,653) | 4,910,662 |
Increase and/or decrease in: | ||
Investments in unconsolidated trading companies, at fair value | 1,675,311 | 4,249,440 |
Interest receivable | (143,285) | 358,971 |
Receivable from related parties | 231,671 | |
Other assets | (158,282) | 3,331 |
Due to broker | ||
Incentive fees payable to Managing Owner | 18,209 | |
Management fees payable to Managing Owner | (23,496) | (32,559) |
Interest payable to Managing Owner | (11,661) | |
Trading fees payable to Managing Owner | (2,163) | (4,517) |
Service fees payable to Managing Owner | 46,659 | (7,588) |
Payables to related parties | 12,252 | (1,727) |
Other liabilities | (19,675) | 2,543 |
Net cash provided by (used in) operating activities | 23,526,817 | (2,582,298) |
Cash Flows from Financing Activities: | ||
Proceeds from sale of units | 1,768,235 | 8,840,378 |
Payment for redemption of units | (31,972,635) | (9,036,754) |
Pending owner additions | (62) | |
Owner redemptions payable | 18,863,693 | 90,401 |
Net cash provided by (used in) financing activities | (11,340,707) | (106,036) |
Net increase (decrease) in cash and cash equivalents | 12,186,110 | (2,688,335) |
Cash and cash equivalents, beginning of period | 674,227 | 3,283,973 |
Cash and cash equivalents, end of period | 12,860,337 | 595,638 |
Equinox Frontier Diversified Fund [Member] | Swap [Member] | ||
Change in: | ||
Net unrealized gain/(loss) on investments | (2,355) | 1,752,993 |
(Purchases) sales of: | ||
Purchase of Investments | ||
Equinox Frontier Diversified Fund [Member] | U.S. Treasury Securities | ||
Change in: | ||
Net realized gain/(loss) on investments | 354,609 | (1,418,875) |
Net unrealized gain/(loss) on investments | (572,567) | 12,967 |
(Purchases) sales of: | ||
Sales of Investments | 2,785,190 | 23,429,706 |
Purchase of Investments | (6,518,818) | |
Interest and premium paid/amortized | 25,473 | |
Equinox Frontier Diversified Fund [Member] | Private Investments Companies | ||
Change in: | ||
Net realized gain/(loss) on investments | (1,092,088) | |
Net unrealized gain/(loss) on investments | (374,758) | (919,836) |
(Purchases) sales of: | ||
Sales of Investments | 33,924,196 | |
Purchase of Investments | (13,484,808) | (29,971,000) |
Equinox Frontier Diversified Fund [Member] | Class One [Member] | ||
Increase and/or decrease in: | ||
Prepaid service fees | 9,043 | |
Equinox Frontier Masters Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (1,261,422) | 1,486,765 |
Change in: | ||
Net change in ownership allocation of U.S. Treasury securities | 308,855 | 1,924,452 |
Increase and/or decrease in: | ||
Investments in unconsolidated trading companies, at fair value | 5,571,998 | 2,387,238 |
Interest receivable | 43,453 | 101,382 |
Receivable from related parties | 140,383 | (362) |
Other assets | (46,620) | |
Due to broker | ||
Incentive fees payable to Managing Owner | (26,450) | |
Management fees payable to Managing Owner | (50,174) | (24,151) |
Interest payable to Managing Owner | (4,957) | |
Trading fees payable to Managing Owner | (1,186) | (10,055) |
Service fees payable to Managing Owner | 5,174 | (3,136) |
Payables to related parties | ||
Other liabilities | (7,590) | 1,394 |
Net cash provided by (used in) operating activities | 5,417,748 | 3,235,686 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of units | 1,380,862 | 1,282,352 |
Payment for redemption of units | (4,006,978) | (5,419,982) |
Pending owner additions | (56) | |
Owner redemptions payable | (83,627) | 5,853 |
Net cash provided by (used in) financing activities | (2,709,743) | (4,131,833) |
Net increase (decrease) in cash and cash equivalents | 2,708,005 | (896,147) |
Cash and cash equivalents, beginning of period | 546,509 | 1,421,994 |
Cash and cash equivalents, end of period | 3,254,514 | 525,847 |
Equinox Frontier Masters Fund [Member] | Swap [Member] | ||
Change in: | ||
Net unrealized gain/(loss) on investments | ||
Equinox Frontier Masters Fund [Member] | U.S. Treasury Securities | ||
Change in: | ||
Net realized gain/(loss) on investments | 286,742 | (268,941) |
Net unrealized gain/(loss) on investments | (334,153) | (355,448) |
(Purchases) sales of: | ||
Sales of Investments | 3,016,330 | 6,686,902 |
Purchase of Investments | (2,380,650) | |
Interest and premium paid/amortized | 19,951 | (6,537,325) |
Equinox Frontier Masters Fund [Member] | Private Investments Companies | ||
Change in: | ||
Net realized gain/(loss) on investments | (277,678) | |
Net unrealized gain/(loss) on investments | 692,671 | 254,069 |
(Purchases) sales of: | ||
Sales of Investments | 4,546,755 | |
Purchase of Investments | (7,235,741) | |
Equinox Frontier Masters Fund [Member] | Class One [Member] | ||
Increase and/or decrease in: | ||
Prepaid service fees | 4,959 | |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (395,474) | (14,160) |
Change in: | ||
Net change in ownership allocation of U.S. Treasury securities | 2,519,213 | (411,775) |
Increase and/or decrease in: | ||
Change in control of ownership - trading companies | (131,876) | |
Investments in unconsolidated trading companies, at fair value | (45,947) | 2,222,618 |
Interest receivable | (4,969) | 83,190 |
Receivable from related parties | 76,390 | 295 |
Other assets | (5,129) | |
Due to broker | 1,401,915 | |
Incentive fees payable to Managing Owner | (28,408) | |
Management fees payable to Managing Owner | (44,137) | |
Interest payable to Managing Owner | 3,091 | (1,368) |
Trading fees payable to Managing Owner | (3,444) | (3,035) |
Service fees payable to Managing Owner | (1,951) | (857) |
Payables to related parties | (1,603,124) | |
Other liabilities | (6,835) | 21,888 |
Net cash provided by (used in) operating activities | 3,788,736 | 1,401,679 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of units | 946,844 | 25,207 |
Payment for redemption of units | (4,092,792) | (2,055,245) |
Pending owner additions | ||
Owner redemptions payable | 74,210 | 58,190 |
Net cash provided by (used in) financing activities | (3,071,738) | (1,971,848) |
Net increase (decrease) in cash and cash equivalents | 716,998 | (570,169) |
Cash and cash equivalents, beginning of period | 570,169 | |
Cash and cash equivalents, end of period | 716,998 | 0 |
Equinox Frontier Long/Short Commodity Fund [Member] | Futures And Forwards [Member] | ||
Change in: | ||
Net realized gain/(loss) on investments | 90,214 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | ||
Change in: | ||
Net unrealized gain/(loss) on investments | 10,429 | 187,904 |
(Purchases) sales of: | ||
Purchase of Investments | 3,600,050 | |
Equinox Frontier Long/Short Commodity Fund [Member] | U.S. Treasury Securities | ||
Change in: | ||
Net realized gain/(loss) on investments | (227,895) | (116,230) |
Net unrealized gain/(loss) on investments | 211,120 | (125,453) |
(Purchases) sales of: | ||
Sales of Investments | (2,713,824) | 6,395,078 |
Purchase of Investments | (948,803) | |
Interest and premium paid/amortized | (12,474) | (7,280,193) |
Equinox Frontier Long/Short Commodity Fund [Member] | Private Investments Companies | ||
Change in: | ||
Net realized gain/(loss) on investments | 26,997 | |
Net unrealized gain/(loss) on investments | 331,883 | 194,462 |
(Purchases) sales of: | ||
Sales of Investments | 4,601,206 | |
Purchase of Investments | (2,570,577) | |
Equinox Frontier Long/Short Commodity Fund [Member] | Class One [Member] | ||
Increase and/or decrease in: | ||
Prepaid service fees | 624 | |
Equinox Frontier Balanced Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (1,275,190) | 2,618,942 |
Change in: | ||
Net change in open trade equity/(deficit), at fair value | 377,966 | (341,343) |
Net change in ownership allocation of U.S. Treasury securities | 7,270,121 | 2,284,227 |
Increase and/or decrease in: | ||
Receivable from futures commission merchants | (60,295) | 2,173,181 |
Change in control of ownership - trading companies | 407,115 | |
Investments in unconsolidated trading companies, at fair value | 3,271,525 | 5,745,042 |
Interest receivable | (71,855) | 300,111 |
Receivable from related parties | 346,875 | |
Other assets | (43,027) | 2 |
Incentive fees payable to Managing Owner | 352,468 | |
Management fees payable to Managing Owner | (21,400) | (34,765) |
Interest payable to Managing Owner | 162,860 | (21,729) |
Trading fees payable to Managing Owner | (4,707) | (4,748) |
Service fees payable to Managing Owner | (13,417) | (11,894) |
Risk analysis fees payable | 5,424 | |
Payables to related parties | 191,819 | (5,794) |
Other liabilities | (68,510) | |
Net cash provided by (used in) operating activities | 20,431,288 | 2,518,649 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of units | 162,847 | 104,482 |
Payment for redemption of units | (23,908,356) | (5,039,057) |
Pending owner additions | (1,534) | |
Owner redemptions payable | 8,171,335 | (424,103) |
Net cash provided by (used in) financing activities | (15,574,174) | (5,360,212) |
Net increase (decrease) in cash and cash equivalents | 4,857,114 | (2,841,563) |
Cash and cash equivalents, beginning of period | 1,083,579 | 4,895,183 |
Cash and cash equivalents, end of period | 5,940,693 | 2,053,620 |
Equinox Frontier Balanced Fund [Member] | Futures And Forwards [Member] | ||
Change in: | ||
Net unrealized gain/(loss) on investments | 3,143,932 | |
Equinox Frontier Balanced Fund [Member] | Swap [Member] | ||
Change in: | ||
Net realized gain/(loss) on investments | 2,259,940 | |
Net unrealized gain/(loss) on investments | (63,916) | 3,143,932 |
Equinox Frontier Balanced Fund [Member] | U.S. Treasury Securities | ||
Change in: | ||
Net realized gain/(loss) on investments | 228,904 | 2,259,940 |
Net unrealized gain/(loss) on investments | (487,069) | 41,453 |
(Purchases) sales of: | ||
Sales of Investments | 887,884 | 21,116,713 |
Purchase of Investments | (9,340,565) | |
Interest and premium paid/amortized | 15,487 | |
Equinox Frontier Balanced Fund [Member] | Private Investments Companies | ||
Change in: | ||
Net realized gain/(loss) on investments | (3,265,069) | |
Net unrealized gain/(loss) on investments | 1,191,236 | 420,895 |
(Purchases) sales of: | ||
Sales of Investments | 26,392,838 | |
Purchase of Investments | (14,537,196) | (28,584,536) |
Equinox Frontier Select Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (2,066,173) | 2,134,143 |
Change in: | ||
Net change in open trade equity/(deficit), at fair value | 686,022 | (1,594,363) |
Net change in ownership allocation of U.S. Treasury securities | 286,492 | (64,660) |
Increase and/or decrease in: | ||
Receivable from futures commission merchants | 8,208,218 | 6,867,897 |
Change in control of ownership - trading companies | (3,694,606) | (3,901,773) |
Investments in unconsolidated trading companies, at fair value | 990,000 | (715,951) |
Interest receivable | 27,036 | (30,605) |
Receivable from related parties | 103,407 | |
Other assets | (13,222) | 3 |
Incentive fees payable to Managing Owner | 15,881 | |
Management fees payable to Managing Owner | (21,219) | (1,322) |
Interest payable to Managing Owner | (242) | (3,415) |
Trading fees payable to Managing Owner | (2,237) | (780) |
Service fees payable to Managing Owner | (7,897) | (2,914) |
Risk analysis fees payable | (2,303) | |
Payables to related parties | 10,231 | 329 |
Other liabilities | (11,939) | (155) |
Net cash provided by (used in) operating activities | 3,632,403 | 896,252 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of units | 99,812 | 8,267 |
Payment for redemption of units | (2,859,418) | (802,638) |
Pending owner additions | (115) | |
Owner redemptions payable | (111,392) | (13,670) |
Net cash provided by (used in) financing activities | (2,870,998) | (808,156) |
Net increase (decrease) in cash and cash equivalents | 761,405 | 88,096 |
Cash and cash equivalents, beginning of period | 432,021 | 220,371 |
Cash and cash equivalents, end of period | 1,193,426 | 308,467 |
Equinox Frontier Select Fund [Member] | U.S. Treasury Securities | ||
Change in: | ||
Net realized gain/(loss) on investments | 170,783 | (48,117) |
Net unrealized gain/(loss) on investments | (200,751) | 188,274 |
(Purchases) sales of: | ||
Sales of Investments | 1,731,714 | (1,625,454) |
Purchase of Investments | (320,766) | |
Interest and premium paid/amortized | 11,590 | |
Equinox Frontier Select Fund [Member] | Private Investments Companies | ||
Change in: | ||
Net realized gain/(loss) on investments | (2,005) | |
Net unrealized gain/(loss) on investments | 533,227 | |
(Purchases) sales of: | ||
Sales of Investments | 5,606,378 | |
Purchase of Investments | (8,710,101) | |
Equinox Frontier Winton Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (2,395,608) | 3,940,684 |
Change in: | ||
Net change in open trade equity/(deficit), at fair value | 2,485,583 | (4,609,048) |
Net change in ownership allocation of U.S. Treasury securities | (1,143,589) | 3,973,900 |
Increase and/or decrease in: | ||
Receivable from futures commission merchants | 4,083,284 | (4,859,709) |
Change in control of ownership - trading companies | (2,560,394) | 2,194,231 |
Investments in unconsolidated trading companies, at fair value | 3,240,958 | 297,554 |
Interest receivable | 152,517 | 54,689 |
Receivable from related parties | 351,724 | |
Other assets | (92,810) | 2 |
Incentive fees payable to Managing Owner | ||
Management fees payable to Managing Owner | (12,741) | (6,817) |
Interest payable to Managing Owner | (30,730) | (9,872) |
Trading fees payable to Managing Owner | (4,533) | (1,116) |
Service fees payable to Managing Owner | (2,234) | (3,033) |
Risk analysis fees payable | 57,716 | |
Payables to related parties | 152,638 | |
Other liabilities | 754 | |
Net cash provided by (used in) operating activities | 16,756,241 | (423,464) |
Cash Flows from Financing Activities: | ||
Proceeds from sale of units | 1,692,105 | 81,676 |
Payment for redemption of units | (7,495,168) | (696,067) |
Pending owner additions | (505) | |
Owner redemptions payable | 393,871 | (51,671) |
Net cash provided by (used in) financing activities | (5,409,192) | (666,567) |
Net increase (decrease) in cash and cash equivalents | 11,347,049 | (1,090,031) |
Cash and cash equivalents, beginning of period | 1,628,208 | 2,928,616 |
Cash and cash equivalents, end of period | 12,975,257 | 1,838,585 |
Equinox Frontier Winton Fund [Member] | U.S. Treasury Securities | ||
Change in: | ||
Net realized gain/(loss) on investments | 1,104,301 | (1,196,438) |
Net unrealized gain/(loss) on investments | (1,206,428) | (345,259) |
(Purchases) sales of: | ||
Sales of Investments | 12,652,125 | 5,231,938 |
Purchase of Investments | (5,237,808) | |
Interest and premium paid/amortized | 76,346 | |
Equinox Frontier Winton Fund [Member] | Private Investments Companies | ||
Change in: | ||
Net unrealized gain/(loss) on investments | ||
Equinox Frontier Heritage Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (1,078,083) | 889,539 |
Change in: | ||
Net change in open trade equity/(deficit), at fair value | ||
Net change in ownership allocation of U.S. Treasury securities | 907,988 | 873,879 |
Increase and/or decrease in: | ||
Receivable from futures commission merchants | ||
Change in control of ownership - trading companies | (82,544) | |
Investments in unconsolidated trading companies, at fair value | 1,547,505 | (966,559) |
Interest receivable | 35,111 | 19,921 |
Receivable from related parties | 131,430 | |
Other assets | (16,708) | 2 |
Incentive fees payable to Managing Owner | (239,327) | |
Management fees payable to Managing Owner | (56,501) | (1,709) |
Interest payable to Managing Owner | (3,664) | (2,765) |
Trading fees payable to Managing Owner | (1,123) | (462) |
Service fees payable to Managing Owner | (7,300) | (1,220) |
Risk analysis fees payable | ||
Payables to related parties | 9,536 | 597 |
Other liabilities | (18,085) | 1 |
Net cash provided by (used in) operating activities | 4,242,256 | 163,065 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of units | 627,364 | 19,931 |
Payment for redemption of units | (3,430,718) | (382,218) |
Pending owner additions | (77) | |
Owner redemptions payable | 185,143 | (84,355) |
Net cash provided by (used in) financing activities | (2,618,211) | (446,719) |
Net increase (decrease) in cash and cash equivalents | 1,624,045 | (283,654) |
Cash and cash equivalents, beginning of period | 382,499 | 655,319 |
Cash and cash equivalents, end of period | 2,006,544 | 371,665 |
Equinox Frontier Heritage Fund [Member] | Swap [Member] | ||
Change in: | ||
Net unrealized gain/(loss) on investments | 624,727 | (672,035) |
Equinox Frontier Heritage Fund [Member] | U.S. Treasury Securities | ||
Change in: | ||
Net realized gain/(loss) on investments | 211,694 | (254,587) |
Net unrealized gain/(loss) on investments | (291,090) | (78,536) |
(Purchases) sales of: | ||
Sales of Investments | 2,231,740 | 1,293,839 |
Purchase of Investments | (1,129,741) | |
Interest and premium paid/amortized | $ 15,079 |
Organization and Purpose
Organization and Purpose | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
Organization and Purpose | 1. Organization and Purpose Frontier Funds, formerly Equinox Frontier Funds, which is referred to in this report as the “Trust”, was formed on August 8, 2003, as a Delaware statutory trust and is set to expire on December 31, 2053. The Trust is a multi-advisor commodity pool, as described in CFTC Regulation § 4.10(d)(2). The Trust has authority to issue separate Series of Units pursuant to the requirements of the Trust Act. The assets of each Series are valued and accounted for separately from the assets of other Series. The Trust is not registered as an investment company under the Investment Company Act. It is managed by the Managing Owner. On December 5, 2016, Equinox Fund Management, LLC (“Equinox”), the Managing Owner, and Wakefield Advisors, LLC (“Wakefield”) entered into a Unit Purchase Agreement (the “Agreement”). Equinox was the former Managing Owner of the Trust and the Series. Pursuant to the Agreement, Equinox agreed to transfer to the Managing Owner such amount of Equinox’s General Units (as defined in the Trust Agreement) as the Managing Owner shall be required to hold in its capacity as managing owner of the Trust pursuant to the Trust Agreement, and redeem the remainder of Equinox’s General Units (the “Transaction”). The Transaction was consummated on March 6, 2017, and upon consummation of the Transaction, the Managing Owner became the managing owner of the Trust and each Series, in replacement of Equinox. Consequently, consummation of the Transaction constituted a change of operational control in respect of the Trust and each Series. On the date of consummation, the names of the Series were changed from Equinox Frontier Diversified Fund to Frontier Diversified Fund, Equinox Frontier Masters Fund to Frontier Masters Fund, Equinox Frontier Long/Short Commodity Fund to Frontier Long/Short Commodity Fund, Equinox Frontier Balanced Fund to Frontier Balanced Fund, Equinox Frontier Select Fund to Frontier Select Fund, Equinox Frontier Winton Fund to Frontier Winton Fund, and from Equinox Frontier Heritage Fund to Frontier Heritage Fund. In connection with the foregoing, the Trust Agreement was amended to effect certain changes to replace Equinox as the managing owner and to reflect the Managing Owner as the new managing owner. Also, the Managing Owner has temporarily suspended the sale of Units (as defined in the Trust Agreement) while the Managing Owner engages with the Securities and Exchange Commission to have declared effective a post-effective amendment to the Series’ registration statements, as well as approval by the NFA. The Series will file Form 8-K to announce the resumption of the sale of Units, which the Managing Owner expects will occur shortly. The Managing Owner is seeking to cause the suspension to be lifted as promptly as practicable. Any forward-looking statements herein are based on expectations of the Managing Owner at this time. Whether or not actual results and developments will conform to the Managing Owner’s expectations and predictions, however, is subject to a number of risks and uncertainties, including the special considerations discussed in the Series’ prospectuses, general economic, market and business conditions, changes in laws or regulations or other actions made by governmental authorities or regulatory bodies, and other world economic and political developments. The Series and the Managing Owner undertake no duty to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Purchasers of Units are Limited Owners of the Trust with respect to beneficial interests of the Series’ Units purchased. The Trust Act provides that, except as otherwise provided in the second amended and restated declaration of trust and trust agreement dated December 9, 2013, as further amended, by and among the Managing Owner, Wilmington Trust Company as trustee and the unitholders, as amended from time to time (the “Trust Agreement”), unitholders of the Trust will have the same limitation of liability as do stockholders of private corporations organized under the General Corporation Law of the State of Delaware. The Trust Agreement confers substantially the same limited liability, and contains the same limited exceptions thereto, as would a limited partnership agreement for a Delaware limited partnership engaged in like transactions as the Trust. In addition, pursuant to the Trust Agreement, the Managing Owner of the Trust is liable for obligations of a Series in excess of that Series’ assets. Limited owners do not have any such liability. The Managing Owner will make contributions to the Series of the Trust necessary to maintain at least a 1% interest in the aggregate capital, profits and losses of all Series. The Trust has been organized to pool investor funds for the purpose of trading in the U.S. and international markets for currencies, interest rates, stock indices, agricultural and energy products, precious and base metals and other commodities. The Trust may also engage in futures contracts, forwards, option contracts and other interest in derivative instruments, including swap contracts. The Trust has seven (7) separate and distinct Series of Units issued and outstanding: Frontier Diversified Fund, Frontier Masters Fund, Frontier Long/Short Commodity Fund, Frontier Balanced Fund, Frontier Select Fund, Frontier Winton Fund, and Frontier Heritage Fund. The Trust financial statements are comprised of unitized Series which are consolidated into the Trust financial statements. However, the consolidated Trust does not issue units. The Trust, with respect to each Series: ● engages in the speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts), and may, from time to time, engage in cash and spot transactions; ● allocates funds to a limited liability trading company or companies (“Trading Company” or “Trading Companies”) and Galaxy Plus entities (“Galaxy Plus”). Except as otherwise described in these notes, each Trading Company and Galaxy Plus entity has one-year renewable contracts with its own independent commodity trading advisor(s), or each, a Trading Advisor, that will manage all or a portion of such Trading Company’s and Galaxy Plus assets and make the trading decisions for the assets of each Series vested in such Trading Company and Galaxy Plus entity. Each Trading Company and Galaxy Plus entity will segregate its assets from any other Trading Company and Galaxy Plus entity; ● maintains separate, distinct records for each Series, and accounts for the assets of each Series separately from the other Series; ● calculates the Net Asset Value (“NAV”) of its Units for each Series separately from the other Series; ● has an investment objective of increasing the value of each Series’ Units over the long term (capital appreciation), while managing risk and volatility; further, to offer exposure to the investment programs of individual Trading Advisors and to specific instruments; ● maintains each Series of Units in three to seven sub-classes—Class 1, Class 1AP, Class 1a, Class 2, Class 2a, Class 3, and Class 3a. Investors who have purchased Class 1 or Class 1a Units of Frontier Diversified Fund, Frontier Masters Fund, and Frontier Long/Short Commodity Fund are charged a service fee of up to two percent (2.0%) annually of the NAV (of the purchase price, in case of the initial service fee) of each Unit purchased, for the benefit of Selling Agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to two percent (2.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 or Class 1a Units of any Series during the first twelve (12) months following the effective date of their purchase are subject to a redemption fee of up to two percent (2.0%) of the purchase price at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. Investors who have purchased Class 1 or Class 1a Units of Frontier Balanced Fund, Frontier Heritage Fund, Frontier Select Fund, and Frontier Winton Fund are charged a service fee of up to three percent (3.0%) annually of the NAV (of the purchase price, in case of the initial service fee) of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 and Class 1a Units of any Series during the first twelve (12) months following the effective date of their purchase are subject to a redemption fee of up to three percent (3.0%) of the purchase price at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to Selling Agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Frontier Diversified Fund, and Frontier Masters Fund or Class 2a Units of the Frontier Long/Short Commodity Fund sold until such Class 2 or Class 2a Units which are subject to the fee limitation are reclassified as Class 3 or Class 3a Units of the applicable Series. Class 1AP was created as a sub-class of Class 1 and it has been presented separately because the fees applicable to it are different from those applicable to Class 1. Currently the service fee is not charged to Class 1AP investors. The Managing Owner may also pay Selling Agents certain additional fees and expenses for administrative and other services rendered and expenses incurred by such Selling Agents; and ● all payments made to selling agents who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and their associated persons that constitute underwriting compensation will be subject to the limitations set forth in Rule 2310(b)(4)(B)(ii) (formerly Rule 2810(b)(4)(B)(ii)) of the Conduct Rules of FINRA (“Rule 2310”). An investor’s Class 1 Units or Class 2 Units of any Series, or Class 1a Units or Class 2a Units of the Frontier Long/Short Commodity Fund or Frontier Balanced Fund will be classified as Class 3 or Class 3a Units of such Series, as applicable, when the Managing Owner determines that the fee limitation set forth in Rule 2310 with respect to such Units has been reached or will be reached. The service fee limit applicable to each unit sold is reached upon the earlier of when (i) the aggregate initial and ongoing service fees received by the selling agent with respect to such unit equals 9% of the purchase price of such unit or (ii) the aggregate underwriting compensation (determined in accordance with FINRA Rule 2310) paid in respect of such unit totals 10% of the purchase price of such unit. No service fees are paid with respect to Class 3 or Class 3a Units. Units of any Class in a Series may be redeemed, in whole or in part, on a daily basis, at the then current NAV per Unit for such Series on the day of the week after the date the Managing Owner is in receipt of a redemption request for at least one (1) Business Day to be received by the Managing Owner prior to 4:00 PM in New York. The assets of any particular Series include only those funds and other assets that are paid to, held by or distributed to the Trust on account of and for the benefit of that Series. Under the “Inter-Series Limitation on Liability” expressly provided for under Section 3804(a) of the Trust Act, separate and distinct records of the cash and equivalents, although pooled for maximizing returns, are maintained in the books and records of each Series. As of June 30, 2017, the Trust, with respect to the Frontier Diversified Fund and Frontier Masters Fund separates Units into three separate Classes—Class 1, Class 2, and Class 3. The Trust, with respect to the Frontier Select Fund Frontier Winton Fund and Frontier Heritage separates Units into a maximum of three separate Classes- Class 1, Class 2 and Class 1AP. The Trust, with respect to the Frontier Long/Short Commodity Fund separates Units into a maximum of five separate Classes – Class 1a, Class 2, Class 3, Class 2a and Class 3a. The Trust, with respect to the Frontier Balanced Fund separates Units into a maximum of five Classes—Class 1, Class 1AP, Class 2, Class 2A and Class 3A. Between April 15, 2016 and September 30, 2016, a portion of the interests in Frontier Trading Company I, LLC and all of the interests in Frontier Trading Company VII, LLC, and Frontier Trading Company XXIII, LLC held by Frontier Diversified Fund, Frontier Masters Fund, Frontier Balanced Fund, and Frontier Long/Short Commodity Fund were exchanged for equivalent interests in Galaxy Plus. The assets of Frontier Trading Company I, LLC, which included exposure to Quantmetrics Capital Management LLP’s Multi-Strategy Program, Quantitative Investment Management, LLC’s Quantitative Global Program, Quest Partners LLC’s Quest Tracker Index Program, Chesapeake Capital Management, LLC’s Diversified Program, and Doherty Advisors LLC’s Relative Value Moderate Program, the assets of Frontier Trading Company VII, LLC, which included exposure to Emil van Essen LLC’s Multi-Strategy Program, Red Oak Commodity Advisors, Inc.’s Fundamental Diversified Program, Rosetta Capital Management, LLC’s Rosetta Trading Program, and Landmark Trading Company’s Landmark Program, and the assets of Frontier Trading Company XXIII, LLC, which included exposure to Fort L.P.’s Global Contrarian Program have been transferred to individual Master Funds in Galaxy Plus. On May 10, 2017, the assets of Frontier Trading Company XV, LLC, which included exposure to Transtrend B.V.’ TT Enhanced Risk (USD) Program were transferred to a Master Fund in Galaxy Plus. Each Master Fund is sponsored and operated by Gemini Alternative Funds, LLC. The Sponsor has contracted with the trading advisors to manage the portfolios of the Master Funds pursuant to the advisors’ respective program. For those Series that invest in Galaxy Plus, approximately 30-70% of those Series’ assets are used to support the margin requirements of the Master Funds. The remaining assets of the Series are split between investments in Trading Companies and a pooled cash management account that invests primarily in U.S. Treasury securities. For those Series that do not invest in Galaxy Plus, their assets are split between investments in Trading Companies and investments in the pooled cash management account. 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. |
Series Of Frontier Fund [Member] | |
Organization and Purpose | 1. Organization and Purpose Frontier Funds, formerly Equinox Frontier Funds, which is referred to in this report as “the Trust”, was formed on August 8, 2003, as a Delaware statutory trust. Please refer to the consolidated financial statements of the Trust included within this periodic report. The Trust is a multi-advisor 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”). The Trust is managed by Frontier Fund Management, LLC (the “Managing Owner”). On December 5, 2016, Equinox Fund Management, LLC (“Equinox”), the Managing Owner, and Wakefield Advisors, LLC (“Wakefield”) entered into a Unit Purchase Agreement (the “Agreement”). Equinox was the former Managing Owner of the Trust and the Series. Pursuant to the Agreement, Equinox agreed to transfer to the Managing Owner such amount of Equinox’s General Units (as defined in the Trust Agreement) as the Managing Owner shall be required to hold in its capacity as managing owner of the Trust pursuant to the Trust Agreement, and redeem the remainder of Equinox’s General Units (the “Transaction”). The Transaction was consummated on March 6, 2017, and upon consummation of the Transaction, the Managing Owner became the managing owner of the Trust and each Series, in replacement of Equinox. Consequently, consummation of the Transaction constituted a change of operational control in respect of the Trust and each Series. On the date of consummation, the names of the Series were changed from Equinox Frontier Diversified Fund to Frontier Diversified Fund, Equinox Frontier Masters Fund to Frontier Masters Fund, Equinox Frontier Long/Short Commodity Fund to Frontier Long/Short Commodity Fund, Equinox Frontier Balanced Fund to Frontier Balanced Fund, Equinox Frontier Select Fund to Frontier Select Fund, Equinox Frontier Winton Fund to Frontier Winton Fund, and from Equinox Frontier Heritage Fund to Frontier Heritage Fund. In connection with the foregoing, the Trust Agreement was amended to effect certain changes to replace Equinox as the managing owner and to reflect the Managing Owner as the new managing owner. Also, t The Managing Owner is seeking to cause the suspension to be lifted as promptly as practicable. Any forward-looking statements herein are based on expectations of the Managing Owner at this time. Whether or not actual results and developments will conform to the Managing Owner’s expectations and predictions, however, is subject to a number of risks and uncertainties, including the special considerations discussed in the Series’ prospectuses, general economic, market and business conditions, changes in laws or regulations or other actions made by governmental authorities or regulatory bodies, and other world economic and political developments. The Series and the Managing Owner undertake no duty to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Purchasers of Units are limited owners of the Trust (“Limited Owners”) with respect to beneficial interests of the Series’ Units purchased. The Trust Act provides that, except as otherwise provided in the second amended and restated declaration of trust and trust agreement dated December 9, 2013, as further amended, by and among the Managing Owner, Wilmington Trust Company as trustee and the unitholders, as may be amended from time to time ( “Trust Agreement”), unitholders of the Trust will have the same limitation of liability as do stockholders of private corporations organized under the General Corporation Law of the State of Delaware. The Trust Agreement confers substantially the same limited liability, and contains the same limited exceptions thereto, as would a limited partnership agreement for a Delaware limited partnership engaged in like transactions as the Trust. In addition, pursuant to the Trust Agreement, the Managing Owner of the Trust is liable for obligations of a Series in excess of that Series’ assets. Limited owners do not have any such liability. The Managing Owner will make contributions to the Series of the Trust necessary to maintain at least a 1% interest in the aggregate capital, profits and losses of the combined Series of the Trust. The Trust has been organized to pool investor funds for the purpose of trading in the United States (“U.S.”) and international markets for currencies, interest rates, stock indices, agricultural and energy products, precious and base metals and other commodities. The Trust may also engage in futures contracts, forwards, option contracts and other interest in derivative instruments, including swap contracts. The Trust has seven (7) separate and distinct Series of Units issued and outstanding: Frontier Diversified Fund, Frontier Masters Fund, Frontier Long/Short Commodity Fund, Frontier Balanced Fund, Frontier Select Fund, Frontier Winton Fund, and Frontier Heritage Fund (each a “Series” and collectively, the “Series”). The Trust, with respect to the Series, may issue additional Series of Units. The Trust, with respect to each Series: ● engages in the speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts), and may, from time to time, engage in cash and spot transactions; ● allocates funds to a limited liability trading company or companies (“Trading Company” or “Trading Companies”) and Galaxy Plus entities (“Galaxy Plus”). Except as otherwise described in these notes, each Trading Company and Galaxy Plus entity has one-year renewable contracts with its own independent commodity trading advisor(s), or each, a Trading Advisor, that will manage all or a portion of such Trading Company’s and Galaxy Plus assets and make the trading decisions for the assets of each Series vested in such Trading Company and Galaxy Plus entity. Each Trading Company and Galaxy Plus entity will segregate its assets from any other Trading Company and Galaxy Plus entity; ● maintains separate, distinct records for each Series, and accounts for the assets of each Series separately from the other Series; ● calculates the Net Asset Value (“NAV”) of its Units for each Series separately from the other Series; ● has an investment objective of increasing the value of each Series’ Units over the long term (capital appreciation), while managing risk and volatility; further, to offer exposure to the investment programs of individual Trading Advisors and to specific instruments; ● maintains each Series of Units in three to seven sub-classes—Class 1, Class 1AP, Class 1a, Class 2, Class 2a, Class 3, and Class 3a. Investors who have purchased Class 1 or Class 1a Units of Frontier Diversified Fund, Frontier Masters Fund, and Frontier Long/Short Commodity Fund are charged a service fee of up to two percent (2.0%) annually of the NAV (of the purchase price, in case of the initial service fee) of each Unit purchased, for the benefit of Selling Agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to two percent (2.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 or Class 1a Units of any Series during the first twelve (12) months following the effective date of their purchase are subject to a redemption fee of up to two percent (2.0%) of the purchase price at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. Investors who have purchased Class 1 or Class 1a Units of Frontier Balanced Fund, Frontier Heritage Fund, Frontier Select Fund, and Frontier Winton Fund are charged a service fee of up to three percent (3.0%) annually of the NAV (of the purchase price, in case of the initial service fee) of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 and Class 1a Units of any Series during the first twelve (12) months following the effective date of their purchase are subject to a redemption fee of up to three percent (3.0%) of the purchase price at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to Selling Agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Frontier Diversified Fund, and Frontier Masters Fund or Class 2a Units of the Frontier Long/Short Commodity Fund sold until such Class 2 or Class 2a Units which are subject to the fee limitation are reclassified as Class 3 or Class 3a Units of the applicable Series. Class 1AP was created as a sub-class of Class 1 and it has been presented separately because the fees applicable to it are different from those applicable to Class 1. Currently the service fee is not charged to Class 1AP investors. The Managing Owner may also pay Selling Agents certain additional fees and expenses for administrative and other services rendered and expenses incurred by such Selling Agents; and ● all payments made to selling agents who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and their associated persons that constitute underwriting compensation will be subject to the limitations set forth in Rule 2310(b)(4)(B)(ii) (formerly Rule 2810(b)(4)(B)(ii)) of the Conduct Rules of FINRA (“Rule 2310”). An investor’s Class 1 Units or Class 2 Units of any Series, or Class 1a Units or Class 2a Units of the Frontier Long/Short Commodity Fund or Frontier Balanced Fund will be classified as Class 3 or Class 3a Units of such Series, as applicable, when the Managing Owner determines that the fee limitation set forth in Rule 2310 with respect to such Units has been reached or will be reached. The service fee limit applicable to each unit sold is reached upon the earlier of when (i) the aggregate initial and ongoing service fees received by the selling agent with respect to such unit equals 9% of the purchase price of such unit or (ii) the aggregate underwriting compensation (determined in accordance with FINRA Rule 2310) paid in respect of such unit totals 10% of the purchase price of such unit. No service fees are paid with respect to Class 3 or Class 3a Units. Units of any Class in a Series may be redeemed, in whole or in part, on a daily basis, at the then current NAV per Unit for such Series on the day of the week after the date the Managing Owner is in receipt of a redemption request for at least one (1) Business Day to be received by the Managing Owner prior to 4:00 PM in New York. The assets of any particular Series include only those funds and other assets that are paid to, held by or distributed to the Trust, with respect to the Series, on account of and for the benefit of that Series. Under the “Inter-Series Limitation on Liability” expressly provided for under Section 3804(a) of the Trust Act, separate and distinct records of the cash and equivalents, although pooled for maximizing returns, are maintained in the books and records of each Series. As of June 30, 2017, the Trust, with respect to the Frontier Diversified Fund and Frontier Masters Fund, separates Units into three separate Classes—Class 1, Class 2, and Class 3. The Trust, with respect to the Frontier Select Fund Frontier Winton Fund and Frontier Heritage separates Units into a maximum of three separate Classes- Class 1, Class 2 and Class 1AP. The Trust, with respect to the Frontier Balanced Fund separates Units into a maximum of five separate Classes— Class 1, Class 1AP, Class 2, Class 2A and Class 3A. The Trust, with respect to the Frontier Long/Short Commodity Fund separates Units into a maximum of five separate Classes—Class 1A, Class 2A, Class 2, Class 3A and Class 3. Between April 15, 2016 and December 31, 2016, a portion of the interests in Frontier Trading Company I, LLC and all of the interests in Frontier Trading Company VII, LLC, and Frontier Trading Company XXIII LLC held by Frontier Diversified Fund, Frontier Masters Fund, Frontier Balanced Fund and Frontier Long/Short Commodity Fund were exchanged for equivalent interests in the Galaxy Plus Managed Account Platform (“Galaxy Plus”) which is an unaffiliated, third-party managed account platform. The assets of Frontier Trading Company I, LLC, which included exposure to Quantmetrics Capital Management LLP’s Multi-Strategy Program, Quantitative Investment Management, LLC’s Quantitative Global Program, Quest Partners LLC’s Quest Tracker Index Program, Chesapeake Capital Management, LLC’s Diversified Program, and Doherty Advisors LLC’s Relative Value Moderate Program, the assets of Frontier Trading Company VII, LLC, which included exposure to Emil van Essen LLC’s Multi-Strategy Program, Red Oak Commodity Advisors, Inc.’s Fundamental Diversified Program, Rosetta Capital Management, LLC’s Rosetta Trading Program, and Landmark Trading Company’s Landmark Program, and the assets of Frontier Trading Company XXIII, LLC which included exposure to Fort L.P.’s Global Contrarian Program have been transferred to individual Delaware limited liability companies (“Master Funds”) in Galaxy Plus. On May 10, 2017, the assets of Frontier Trading Company XV, LLC, which included exposure to Transtrend B.V.’ TT Enhanced Risk (USD) Program have been transferred to a Master Fund in Galaxy Plus. Each Master Fund is sponsored and operated by Gemini Alternative Funds, LLC (“Sponsor”). The Sponsor has contracted with the trading advisors to manage the portfolios of the Master Funds pursuant to the advisors’ respective program. For those Series that invest in Galaxy Plus, approximately 30-70% of those Series assets are used to support the margin requirements of the Master Funds. The remaining assets of the Series are split between investments in Trading Companies and a pooled cash management account that invests primarily in U.S. Treasury securities. For those Series that do not invest in Galaxy Plus, their assets are split between investments in Trading Companies and investments in the pooled cash management account. As of June 30, 2017, Frontier Winton Fund has invested a portion of its assets in a single Trading Company, and a single Trading Advisor manages 100% of the assets invested in such Trading Company. Each of the remaining Series has invested a portion of its assets in several different Trading Companies or Galaxy Plus entities and one or more Trading Advisors may manage the assets invested in such Trading Companies or Galaxy Plus entities. The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, currency trading companies, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence or bad faith. |
Significant Accounting Policies
Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
Significant Accounting Policies | 2. Significant Accounting Policies The following are the significant accounting policies of the Trust. Basis of Presentation – Consolidation Galaxy Plus entities are co-mingled investment vehicles. In addition to the Trust, there are other non-affiliated investors in Galaxy Plus. Subscriptions and redemptions by these non-affiliated investors will have a direct impact on the Trust ownership percentage in Galaxy Plus. It is expected that ownership percentage will fluctuate (sometimes significantly) on a week by week basis which could also result in frequent changes in the consolidating Series. Such fluctuations make consolidating the financial statements of the Galaxy Plus entities both impractical and misleading. Non-consolidation of these Galaxy Plus entities presents a more useful financial statement for the readers. As such, management has decided that presenting Galaxy Plus entities on a non-consolidated basis as investments in other investments companies (a “fund of funds” approach) is appropriate and preferable to the users of these financial statements. Refer to Note 5 for additional disclosures related to these private investment companies. Change in Consolidation Method Use of Estimates Cash and Cash Equivalents Interest Income – U.S. Treasury Securities Fair Value Measurements and Disclosures (“ Receivable From Futures Commission Merchants Investment Transactions Balance Sheet (“ASC 210” Balance Sheet (Topic 210 Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest was recognized in the period earned and the instruments were marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the consolidated statements of operations. Purchase and Sales of Private Investment Companies Foreign Currency Transactions Allocation of Earnings Each Series allocates funds to an affiliated Trading Company, or Companies, of the Trust, or unaffiliated Galaxy Plus entity. Each Trading Company allocates all of its daily trading gains or losses to the Series in proportion to each Series’ ownership trading level interest in the Trading Company, adjusted on a daily basis (except for Trading Advisors and other investments such as Swaps that are directly allocated to a specific Series). Likewise, trading gains and losses earned and incurred by the Series through their investments in Galaxy Plus entities are allocated to those Series on a daily basis. The allocation of gains and losses in Galaxy Plus entities are based on each Series pro-rata shares of the trading level of that entity which is updated at the beginning of each month or more frequently if there is a subscription or redemption activity in the entity. The value of all open contracts and cash held at clearing brokers is similarly allocated to the Series in proportion to each Series’ funds allocated to the Trading Companies or Galaxy Plus entities. Investments and Swaps Income Taxes Income Taxes In the opinion of the Managing Owner, (i) the Trust is treated as a partnership for Federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, (ii) the Trust is not a publicly traded partnership treated as a corporation, and (iii) the discussion set forth in the Prospectus under the heading “U.S. Federal Income Tax Consequences” correctly summarizes the material Federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Series Units of the Trust. Fees and Expenses Incentive Fee (rebate) Service Fees These service fees are part of the offering costs of the Trust, which include registration and filing fees, legal and blue sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and enjoys the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. Pending Owner Additions Owner redemptions payable – Subsequent Events Subsequent Events |
Series Of Frontier Fund [Member] | |
Significant Accounting Policies | 2. Significant Accounting Policies The following are the significant accounting policies of the Series of the Trust. Basis of Presentation Consolidation Galaxy Plus entities are co-mingled investment vehicles. In addition to the Series, there are other non-affiliated investors in Galaxy Plus. Subscriptions and redemptions by these non-affiliated investors will have a direct impact on the Series ownership percentage in Galaxy Plus. It is expected that ownership percentage will fluctuate (sometimes significantly) on a week by week basis which could also result in frequent changes in the consolidating Series. Such fluctuations make consolidating the financial statements of the Galaxy Plus entities both impractical and misleading. Non-consolidation of these Galaxy Plus entities presents a more useful financial statement for the readers. As such, management has decided that presenting Galaxy Plus entities on a non-consolidated basis as investments in other investments companies (a “fund of funds” approach) is appropriate and preferable to the users of these financial statements. Refer to Note 5 for additional disclosures related to these private investment companies. As of June 30, 2017, the consolidated statement of financial condition of Frontier Balanced Fund included the assets and liabilities of its majority interest in Frontier Trading Company I, LLC and Frontier Trading Company XXXIV, LLC. For the six months ended June 30, 2017, the consolidated statement of operations of Frontier Balanced Fund included the earnings of its majority owned Trading Companies listed above. As of June 30, 2017 the consolidated statement of financial condition of Frontier Long/Short Commodity Fund included the assets and liabilities of its majority owned Trading Company, Frontier Trading Company XXXVII, LLC. For the six months ended June 30, 2017, the consolidated statement of operations of Frontier Long/Short Commodity Fund included the earnings of its majority owned Trading Company listed above. As of June 30, 2017, the consolidated statement of financial condition of Frontier Diversified Fund included the assets and liabilities of its majority owned Frontier Trading Company XXXV, LLC. For the six months ended June 30, 2017, the consolidated statement of operations of Frontier Diversified Fund included the earnings of its majority owned Trading Company listed above. As of June 30, 2017, the consolidated statement of financial condition of Frontier Heritage Fund included the assets and liabilities of its majority owned Frontier Trading Company XXXIX, LLC. For the six months ended June 30, 2017, the consolidated statement of operations of Frontier Heritage Fund included the earnings of its majority owned Trading Company listed above. As of June 30, 2017 the consolidated statement of financial condition of Frontier Select Fund did not have majority interest in any Trading Company. For the six months ended June 30, 2017, the consolidated statement of operations of Frontier Select Fund included the earnings of Frontier Trading Company XV, LLC from January 1, 2017 to May 9, 2017. As of June 30, 2017, the consolidated statement of financial condition of Frontier Winton Fund included the assets and liabilities of its majority owned Frontier Trading Company II, LLC. For the six months ended June 30, 2017, the consolidated statement of operations of Frontier Winton Fund included the earnings of its majority owned Trading Company listed above. As of and for the six months ended June 30, 2017 Frontier Master Fund did not have a majority interest in any Trading Company. Each of the Series has invested in Frontier Trading Company XXXVIII, LLC on the same basis as its ownership in the cash pool. Frontier Trading Company XXXVIII, LLC’s assets, liabilities and earnings are allocated to all of the Series of the Trust based on their proportionate share of the cash pool. Each Series investment in the Frontier Trading Company XXXVIII, LLC is listed under Investments in unconsolidated trading companies, at fair value on the Statements of Financial Condition. Change in Consolidation Method Use of Estimates— Cash and Cash Equivalents— Interest Income— U.S. Treasury Securities— Fair Value Measurements and Disclosures (“ Receivable From Futures Commission Merchants Investment Transactions— Balance Sheet (“ASC 210“ Balance Sheet (Topic 210 Any change in net unrealized gain or loss from the preceding period is reported in the statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest is recognized in the period earned and the instruments are marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the statements of operations. Purchase and Sales of Private Investment Companies— Foreign Currency Transactions— Allocation of Earnings— Each Series allocates funds to an affiliated Trading Company, or Companies, of the Trust, or Galaxy Plus. Each Trading Company allocates all of its daily trading gains or losses to the Series in proportion to each Series’ ownership trading level interest in the Trading Company, adjusted on a daily basis (except for Trading Advisors and other investments such as swaps that are directly allocated to a specific Series). Likewise, trading gains and losses earned and incurred by the Series through their investments in Galaxy Plus entities are allocated to those Series on a daily basis. The allocation of gains and losses in Galaxy Plus entities are based on each Series pro-rata shares of the trading level of that entity which is updated at the beginning of each month or more frequently if there is a subscription or redemption activity in the entity. The value of all open contracts and cash held at clearing brokers is similarly allocated to the Series in proportion to each Series’ funds allocated to the Trading Companies or Galaxy Plus entities. Investments and Swaps Income Taxes Income Taxes In the opinion of the Managing Owner, (i) the Trust, with respect to the Series, is treated as a partnership for federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, (ii) the Trust is not a publicly traded partnership treated as a corporation, and (iii) the discussion set forth in the Prospectus under the heading “U.S. Federal Income Tax Consequences” correctly summarizes the material federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Units of the Trust. Fees and Expenses Incentive Fee (rebate) Service Fees 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— Owner redemptions payable— Subsequent Events— |
Fair Value Measurements
Fair Value Measurements | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
Fair Value Measurements | 3. Fair Value Measurements In connection with the valuation of investments the Trust applies ASC 820. ASC 820 provides clarification that when a quoted price in an active market for the identical asset or liability is not available, a reporting entity is required to measure fair value using certain techniques. ASC 820 also clarifies that when estimating the fair value of an asset or liability, a reporting entity is not required to include a separate input or adjustment to other inputs relating to the existence of a restriction that prevents the transfer of an asset or liability. ASC 820 also clarifies that both a quoted price in an active market for the identical asset or liability at the measurement date and the quoted price for the identical asset or liability when traded as an asset in an active market when no adjustments to the quoted price of the asset are required are Level 1 fair value measurements. Level 1 Inputs Unadjusted quoted prices in active markets for identical financial assets that the reporting entity has the ability to access at the measurement date. Level 2 Inputs Inputs other than quoted prices included in Level 1 that are observable for the financial assets or liabilities, either directly or indirectly. These might include quoted prices for similar financial assets in active markets, quoted prices for identical or similar financial assets in markets that are not active, inputs other than quoted prices that are observable for the financial assets or inputs that are derived principally from or corroborated by market data by correlation or other means. Level 3 Inputs Unobservable inputs for determining the fair value of financial assets that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the financial asset. The Trust, with respect to the Series, uses the following methodologies to value instruments within its financial asset portfolio at fair value: Trading Securities. Swap Contracts. Investments in Private Investment Companies Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). The following table summarizes the instruments that comprise the Trust financial asset portfolio, by Series, measured at fair value on a recurring basis as of June 30, 2017 and December 31, 2016 segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value. June 30, 2017 Level 1 Inputs Level 2 Inputs Level 3 Inputs Fair Value Open Trade Equity (Deficit) $ (1,357,830 ) $ (45,534 ) $ — $ (1,403,364 ) Swap Contracts — — 36,020,244 36,020,244 U.S. Treasury Securities 12,160,193 — — 12,160,193 Total December 31, 2016 Level 1 Inputs Level 2 Inputs Level 3 Inputs Fair Value Open Trade Equity (Deficit) $ 2,091,623 $ 54,584 $ — $ 2,146,207 Swap Contracts — — 40,189,178 40,189,178 U.S. Treasury Securities 42,757,604 — — 42,757,604 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. Swaps For the Six Months ended June 30, 2017 Balance of recurring Level 3 assets as of January 1, 2017 $ 40,189,178 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized (568,884 ) Proceeds from collateral reduction (3,600,050 ) Purchase of investments — Sale of investments — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of June 30, 2017 $ 36,020,244 For the Year ended December 31, 2016 Balance of recurring Level 3 assets as of January 1, 2016 $ 40,136,065 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 53,113 Purchase of investments — Sale of investments — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2016 $ 40,189,178 The Trust assesses the levels of the investments at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer in accordance with the Trust’s accounting policy regarding the recognition of transfers between levels of the fair value hierarchy. During the six months ended June 30, 2017, the Trust did not transfer any assets between Levels 1, 2 and 3. The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at June 30, 2017: Swap contracts $ (568,884 ) The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at December 31, 2016: Swap contracts $ 53,113 |
Series Of Frontier Fund [Member] | |
Fair Value Measurements | 3. Fair Value Measurements In connection with the valuation of investments the Series apply ASC 820. ASC 820 provides clarification that when a quoted price in an active market for the identical asset or liability is not available, a reporting entity is required to measure fair value using certain techniques. ASC 820 also clarifies that when estimating the fair value of an asset or liability, a reporting entity is not required to include a separate input or adjustment to other inputs relating to the existence of a restriction that prevents the transfer of an asset or liability. ASC 820 also clarifies that both a quoted price in an active market for the identical asset or liability at the measurement date and the quoted price for the identical asset or liability when traded as an asset in an active market when no adjustments to the quoted price of the asset are required are Level 1 fair value measurements. Level 1 Inputs Unadjusted quoted prices in active markets for identical financial assets that the reporting entity has the ability to access at the measurement date. Level 2 Inputs Inputs other than quoted prices included in Level 1 that are observable for the financial assets or liabilities, either directly or indirectly. These might include quoted prices for similar financial assets in active markets, quoted prices for identical or similar financial assets in markets that are not active, inputs other than quoted prices that are observable for the financial assets or inputs that are derived principally from or corroborated by market data by correlation or other means. Level 3 Inputs Unobservable inputs for determining the fair value of financial assets that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the financial asset. The Trust, with respect to the Series, uses the following methodologies to value instruments within its financial asset portfolio at fair value: Trading Securities. Swap Contracts. Investment in Unconsolidated Trading Companies. Investments in Private Investment Companies Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). The following table summarizes the instruments that comprise the Trust, with respect to the Series, financial asset portfolio, by Series, measured at fair value on a recurring basis as of June 30, 2017 and December 31, 2016 segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value. Investments in private investment companies are valued utilizing the net asset values provided by the underlying private investment companies as a practical expedient. Each Series applies the practical expedient to its investments in private investment companies on an investment-by-investment basis, and consistently with the Series entire position in a particular investment, unless it is probable that the Series will sell a portion of an investment at an amount different from the net asset value of the investment. Total June 30, 2017 Level 1 Inputs Level 2 Inputs Level 3 Inputs Fair Value Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 2,517,782 $ 8,535 $ — $ 2,526,317 Swap Contracts — 8,640,202 8,640,202 U.S. Treasury Securities 4,015,228 — — 4,015,228 Frontier Masters Fund Investment in Unconsolidated Trading Companies 1,098,996 7,112 — 1,106,108 U.S. Treasury Securities 1,016,118 — — 1,016,118 Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 45,947 — — 45,947 Swap Contracts — — 609,989 609,989 U.S. Treasury Securities 223,860 — — 223,860 Frontier Balanced Fund Investment in Unconsolidated Trading Companies 2,676,735 17,071 — 2,693,806 Open Trade Equity (Deficit) (141,720 ) 1,415 — (140,305 ) Swap Contracts — — 19,003,366 19,003,366 U.S. Treasury Securities 1,854,791 — — 1,854,791 Frontier Select Fund Investment in Unconsolidated Trading Companies 76,478 — 2,884,388 2,920,866 U.S. Treasury Securities 372,609 — — 372,609 Frontier Winton Fund Investment in Unconsolidated Trading Companies 831,492 — — 831,492 Open Trade Equity (Deficit) (1,216,110 ) (46,949 ) — (1,263,059 ) U.S. Treasury Securities 4,051,108 — — 4,051,108 Frontier Heritage Fund Investment in Unconsolidated Trading Companies 1,187,890 9,245 1,197,135 Swap Contracts — — 7,766,687 7,766,687 U.S. Treasury Securities 626,479 — — 626,479 Total December 31, 2016 Level 1 Inputs Level 2 Inputs Level 3 Inputs Fair Value Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 4,188,662 $ 12,966 $ — $ 4,201,628 Swap Contracts — — 8,637,847 8,637,847 U.S. Treasury Securities 6,525,280 — — 6,525,280 Frontier Masters Fund Investment in Unconsolidated Trading Companies 6,667,632 10,474 — 6,678,106 U.S. Treasury Securities 4,313,843 — — 4,313,843 Frontier Long/Short Commodity Fund Swap Contracts — — 4,220,468 4,220,468 Frontier Balanced Fund Investment in Unconsolidated Trading Companies 5,998,541 (33,210 ) — 5,965,331 Open Trade Equity (Deficit) 288,647 (50,986 ) — 237,661 Swap Contracts — — 18,939,450 18,939,450 U.S. Treasury Securities 9,770,117 — — 9,770,117 Frontier Select Fund Investment in Unconsolidated Trading Companies 759,978 3,609 3,147,279 3,910,866 Open Trade Equity (Deficit) 679,310 6,712 — 686,022 U.S. Treasury Securities 2,912,611 — — 2,912,611 Frontier Winton Fund Investment in Unconsolidated Trading Companies 4,020,731 51,719 — 4,072,450 Open Trade Equity (Deficit) 1,123,666 98,858 — 1,222,524 U.S. Treasury Securities 15,533,863 — — 15,533,863 Frontier Heritage Fund Investment in Unconsolidated Trading Companies 2,735,614 9,026 — 2,744,640 Swap Contracts — — 8,391,414 8,391,414 U.S. Treasury Securities 3,701,890 — — 3,701,890 The changes in Level 3 assets measured at fair value on a recurring basis are summarized in the following tables. Swap contract asset gains and losses (realized/unrealized) included in earnings are classified in “realized and unrealized gain (loss) on investments – net unrealized gain/(loss) on swap contracts” on the statements of operations. Investment in unconsolidated trading company asset gains and losses (realized/unrealized) included in earnings are classified in “Change in fair value of investments in unconsolidated trading companies.” During the six months ended June 30, 2017, all identified Level 3 assets were components of the Frontier Diversified Fund, Frontier Long/Short Commodity Fund, Frontier Balanced Fund, Frontier Select Fund, and Frontier Heritage Fund. For the Six Months Ended June 30, 2017 Swaps Frontier Long/Short Frontier Balanced Fund Commodity Fund Balance of recurring Level 3 assets as of January 1, 2017 $ 18,939,450 $ 4,220,468 Total gains or losses (realized/unrealized): Included in earnings-realized — — Included in earnings-unrealized 63,916 (10,429 ) Proceeds from collateral reduction — (3,600,050 ) Change in ownership allocation — — Transfers in and/or out of Level 3 — — Balance of recurring Level 3 assets as of June 30, 2017 $ 19,003,366 $ 609,989 Frontier Diversified Fund Frontier Heritage Fund Balance of recurring Level 3 assets as of January 1, 2017 $ 8,637,847 $ 8,391,414 Total gains or losses (realized/unrealized): Included in earnings-realized — — Included in earnings-unrealized 2,355 (624,727 ) Change in ownership allocation — — Transfers in and/or out of Level 3 — — Balance of recurring Level 3 assets as of June 30, 2017 $ 8,640,202 $ 7,766,687 For the Year Ended December 31, 2016 Swaps: Frontier Long/Short Frontier Frontier Diversified Fund Commodity Fund Balanced Fund Balance of recurring Level 3 assets as of January 1, 2016 $ 8,685,849 $ 4,332,428 $ 19,157,520 Total gains or losses (realized/unrealized): Included in earnings-realized — — — Included in earnings-unrealized (48,002 ) (111,960 ) (218,070 ) Change in ownership allocation — — — Transfers in and/or out of Level 3 — — — Balance of recurring Level 3 assets as of December 31, 2016 8,637,847 $ 4,220,468 $ 18,939,450 Frontier Heritage Fund Balance of recurring Level 3 assets as of January 1, 2016 $ 7,960,268 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 431,146 Change in ownership allocation — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2016 $ 8,391,414 Investments in Unconsolidated Trading Companies: Frontier Select Fund Balance of recurring Level 3 assets as of January 1, 2017 $ 3,147,279 Change in fair value of investments in unconsolidated trading companies — Change in ownership allocation (302,891 ) Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of June 30, 2017 $ 2,844,388 Investments in Unconsolidated Trading Companies: Frontier Select Fund Balance of recurring Level 3 assets as of January 1, 2016 $ 3,933,919 Change in fair value of investments in unconsolidated trading companies 368,596 Advance on unrealized Swap Appreciation (1,155,236 ) Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2016 $ 3,147,279 The Series of the Trust assess the levels of the investments at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer in accordance with the Series’ accounting policy regarding the recognition of transfers between levels of the fair value hierarchy. During the six months ended June, 2017, the Trust did not transfer any assets between Levels 1, 2 or 3. The amounts reflected in the change in ownership allocation result from changes in ownership in the underlying Trading Companies at the Series level, which have resulted in changes in consolidation or de-consolidation by the Series. The ownership in the Trading Companies is accounted for under the equity method, which approximates fair value. The amounts reflected in the change in ownership allocation result from changes in ownership in the underlying Trading Companies at the Series level, which have resulted in changes in consolidation or de-consolidation by the Series. The ownership in the Trading Companies is accounted for under the equity method, which approximates fair value. The Frontier Heritage Fund and the Frontier Select Fund jointly own the Frontier Brevan Howard swap. The Frontier Heritage Fund owns the majority interest in the Frontier Brevan Howard swap. The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at June 30, 2017: Frontier Long/Short Frontier Balanced Frontier Heritage Frontier Diversified Fund Commodity Fund Fund Fund Swap Contracts $ 2,355 $ (10,429 ) $ 63,916 $ (624,727 ) Frontier Select Fund Investments in Unconsolidated Trading Companies $ (302,891 ) The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at December 31, 2016: Frontier Frontier Long/Short Frontier Frontier Diversified Fund Commodity Fund Balanced Fund Heritage Fund Swap Contracts $ (48,002 ) $ (111,960 ) $ (218,070 ) $ 431,146 Frontier Select Fund Investments in Unconsolidated Trading Companies $ 368,596 |
Swaps
Swaps | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
Swaps | 4. Swaps Contracts In addition to authorizing Trading Advisors to manage pre-determined investment levels of futures and forward contracts, certain Series of the Trust will strategically invest a portion or all of their assets in total return swaps, selected at the direction of the Managing Owner. Total return swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more investment products or indices. In a typical total return swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a “basket” of securities. The Trust’s investment in swaps will likely differ substantially over time due to cash flows, portfolio management decisions and market movements. The swaps serve to diversify the investment holdings of the Trust and to provide access to programs and advisors that would not be otherwise available to the Trust, and are not used for hedging purposes. The Managing Owner follows a procedure in selecting well-established financial institutions which the Managing Owner, in its sole discretion, considers to be reputable, reliable, financially responsible and well established to act as swap counterparties. The procedure includes due diligence review of documentation on all new and existing financial institution counterparties prior to initiation of the relationship, and quarterly ongoing review during the relationship, to ensure that counterparties meet the Managing Owner’s minimum credit requirements, the counterparty average rating being no less than an investment grade rating as defined by the rating agencies. As of June 30, 2017 and December 31, 2016, approximately 10.58% or $19,265,950 and 10.20% or $22,866,000, respectively, of the Trust’s assets were deposited with over-the-counter counterparties in order to initiate and maintain swaps and is recorded as Swap Contracts, at fair value on the Statements of Financial Condition of the Trust. This cash held with the counterparty is not restricted. The Trust strategically invests assets in one or more swaps linked to certain underlying investments or indices at the direction of the Managing Owner. The Trading Company in which the assets of the Trust will be invested will not own any of the investments or indices referenced by any swap entered into by the Trust. In addition, neither the swap counterparty nor any advisor referenced by any such swap is a Trading Advisor to the Trust. The Trust had invested in the following swap contracts as of and for the six months ended June 30, 2017: Brevan Howard XXXIV Balanced select swap XXXV Diversified select swap XXXVII L/S select swap Total Return Swap Total Return Swap Total Return Swap Total Return Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $2,072,056 $13,373,629 $4,651,155 $653,610 Termination Date 3/26/2018 8/2/2018 8/2/2018 8/7/2018 Cash Collateral $5,986,000 $9,600,000 $3,400,000 $279,950 Swap Value $1,780,687 $9,403,366 $5,240,202 $330,039 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $0 $0 $0 $0 Change in Unrealized Gain/(Loss) ($624,727) $63,916 $2,355 ($10,429) Fair Value as of 3/31/2017 $7,766,687 $19,003,366 $8,640,202 $609,989 Advance on swap appreciation ($1,900,000) ($4,926,555) ($2,500,000) ($115,000) The Trust had invested in the following swap contracts as of and for the year ended December 31, 2016: Brevan Howard XXXIV Balanced Select Swap XXXV Diversified Select Swap XXXVII L/S Select Swap Total Return Swap Total Return Swap Total Return Swap Total Return Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $11,413,283 $22,580,043 $13,851,707 $1,877,692 Termination Date 3/26/2018 8/2/2018 8/2/2018 8/7/2018 Cash Collateral $5,986,000 $9,600,000 $3,400,000 $3,880,000 Swap Value $2,405,414 $9,339,450 $5,237,847 $340,468 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $0 $0 $0 $0 Change in Unrealized Gain/(Loss) $431,146 ($218,070) ($48,002) ($111,960) Fair Value as of 12/31/2016 $8,391,414 $18,939,450 $8,637,847 $4,220,468 Advance on swap appreciation ($1,900,000) ($4,926,555) ($2,500,000) ($115,000) |
Series Of Frontier Fund [Member] | |
Swaps | 4. Swap Contracts In addition to authorizing Trading Advisors to manage pre-determined investment levels of futures, options on futures and forward contracts, certain Series of the Trust will strategically invest a portion or all of their assets in total return swaps, selected at the direction of the Managing Owner. Total return swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more investment products or indices. In a typical total return swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a “basket” of securities. Each Series’ investment in swaps will likely differ substantially over time due to cash flows, portfolio management decisions and market movements. The swaps serve to diversify the investment holdings of each Series and to provide access to programs and advisors that would not be otherwise available to the Series, and are not used for hedging purposes. The Managing Owner follows a procedure in selecting well-established financial institutions which the Managing Owner, in its sole discretion, considers to be reputable, reliable, financially responsible and well established to act as swap counterparties. The procedure includes due diligence review of documentation on all new and existing financial institution counterparties prior to initiation of the relationship, and quarterly ongoing review during the relationship, to ensure that counterparties meet the Managing Owner’s minimum credit requirements, the counterparty average rating being no less than an investment grade rating as defined by the rating agencies. As of June 30, 2017 and December 31, 2016, approximately 10.58% and 10.20%, respectively, of the Trust’s assets were deposited with over-the-counter counterparties in order to initiate and maintain swaps and is recorded as collateral within the swap fair value within the statement of financial condition. The cash held with the counterparty is not restricted. The Series may strategically invest assets in one or more swaps linked to certain underlying investments or indices at the direction of the Managing Owner. The Trading Company in which the assets of these Series will be invested will not own any of the investments or indices referenced by any swap entered into by these Series. In addition, neither the swap counterparty to the Trading Company of these Series nor any advisor referenced by any such swap is a Trading Advisor to these Series. To help to reduce counterparty risk on the Series, the Managing Owner has the right to reduce the Series’ exposure and remove cash from the Series’ total return swaps with Deutsche Bank AG. This cash holding shall be in excess of $250,000, and may not exceed 40% of the Index exposure in total. Index exposure is defined as the total notional amount plus any profit. The funds are charged interest on this cash holding and any amount removed will be offset against the final settlement value of the swap. As of June 30, 2017, the Frontier Balanced Fund, the Frontier Diversified Fund, the Frontier Long/Short Commodity Fund and Frontier Heritage Fund, had $4,926,555, $2,500,000, $115,000, and $1,900,000, respectively, in cash holdings as shown in the Fund’s Statements of Financial Conditions under advance on unrealized swap appreciation, which relates to the Trading Companies’ total return swaps with Deutsche Bank AG. The Series have invested in the following swaps as of and for the six months ended June 30, 2017: Frontier Long/Short Commodity Frontier Balanced Fund Frontier Diversified Fund Fund Frontier Heritage Fund Total Return Swap Total Return Swap Total Return Swap Total Return Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $13,373,629 $4,651,155 $653,610 $2,072,056 Termination Date 8/2/2018 8/2/2018 8/7/2018 3/26/2018 Cash Collateral $9,600,000 $3,400,000 $279,950 $5,986,000 Swap Value $9,403,366 $5,240,202 $330,039 $1,780,687 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $0 $0 $0 $0 Change in Unrealized Gain/(Loss) $63,916 $2,355 ($10,429) ($624,727) Fair Value as of 6/30/2017 $19,003,366 $8,640,202 $609,989 $7,766,687 Advance on swap appreciation ($4,926,555) ($2,500,000) ($115,000) ($1,900,000) The Series have invested in the following swaps as of and for the year ended December 31, 2016: Frontier Long/Short Commodity Frontier Balanced Fund Frontier Diversified Fund Fund Frontier Heritage Fund Total Return Swap Total Return Swap Total Return Swap Total Return Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $22,580,043 $13,851,707 $1,877,692 $11,413,283 Termination Date 8/2/2018 8/2/2018 8/7/2018 3/26/2018 Cash Collateral $9,600,000 $3,400,000 $3,880,000 $5,986,000 Swap Value $9,339,450 $5,237,847 $340,468 $2,405,414 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $0 $0 $0 $0 Change in Unrealized Gain/(Loss) ($218,070) ($48,002) ($111,960) $431,146 Fair Value as of 12/31/2016 $18,939,450 $8,637,847 $4,220,468 $8,391,414 Advance on swap appreciation ($4,926,555) ($2,500,000) ($115,000) ($1,900,000) |
Investments in Unconsolidated T
Investments in Unconsolidated Trading Companies and Private Investment Companies | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies | 5. Investments in Unconsolidated Trading Companies and Private Investment Companies Investments in Private Investment Companies represent cash and open trade equity invested in the Private Investment Companies as well as the cumulative trading profits or losses allocated to the Trust by the Private Investment Companies. Private Investment Companies allocate trading profits or losses on the basis of the proportion of the Trust’s capital allocated for trading to each respective Private Investment Company, which bears no relationship to the amount of cash invested by the Trust in the Private Investment Companies. Investments in Private Investment Companies are valued using the NAV provided by the underlying private investment. The following table summarizes each of the Trust’s investments in Private Investment Companies as of June 30, 2017 and December 31, 2016: As of June 30, 2017 As of December 31, 2016 Percentage of Percentage of Series Net Series Net Assets Invested Assets Invested in Private Investment in Private Investment Companies Fair Value Companies Fair Value Series Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 1.74 % $ 2,461,566 2.12 % $ 4,643,329 Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC 1.45 % 2,052,543 5.23 % 11,465,608 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC 2.82 % 3,990,704 2.98 % 6,526,957 Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 4.35 % 6,146,885 5.28 % 11,559,976 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 5.19 % 7,337,849 5.10 % 11,174,877 Galaxy Plus Fund - LRR Feeder Fund (522) LLC 1.92 % 2,717,928 3.46 % 7,580,702 Galaxy Plus Fund - QIM Feeder Fund (526) LLC 7.50 % 10,606,375 9.33 % 20,442,933 Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC 5.91 % 8,361,265 8.78 % 19,226,675 Galaxy Plus Fund - Quest Feeder Fund (517) LLC 0.41 % 572,587 1.78 % 3,899,040 Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC 1.77 % 2,495,885 5.11 % 11,197,020 Galaxy Plus Fund - TT Feeder Fund (531) LLC 3.92 % 5,536,364 — — Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 14.84 % 20,978,840 — — The Galaxy Plus entities are made up a feeder funds in which the Trust invests and master trading entities into which the feeder funds invest. No investment held by the Galaxy Plus master trading entity is greater than 5% of the Trust’s total capital. The following table summarizes the Trust’s equity in earnings from each of Private Investment Companies for the six months ended June 30, 2017: Six Months Ended June 30, 2017 Six Months Ended June 30, 2016 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) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC $ (83,685 ) $ (636,904 ) $ 28,297 $ (692,292 ) $ — $ — $ — $ — Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC (166,385 ) (416,417 ) 624,463 41,661 (124,394 ) 231,630 1,589,980 1,697,216 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC (87,250 ) 241,203 (56,055 ) 97,898 — — — — Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (1,107,801 ) 2,788,186 1,239,617 2,920,002 (241,927 ) (706,903 ) 171,926 (776,904 ) Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (168,674 ) 1,725,922 (616,019 ) 941,229 — — — — Galaxy Plus Fund - LRR Feeder Fund (522) LLC (570,790 ) — (1,045,200 ) (1,615,990 ) (70,250 ) (429,324 ) 155,024 (344,550 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (1,731,202 ) 6,324,463 (698,534 ) 3,894,727 69,990 (11,251 ) (299,944 ) (241,205 ) Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC (289,593 ) 789,927 340,209 840,543 (57,711 ) 519,550 13,213 475,052 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (68,406 ) 2,476,474 (3,156,838 ) (748,770 ) (5,144 ) 2,461 63,010 60,327 Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC — — (1,045,438 ) (1,045,438 ) — — — — Galaxy Plus Fund - TT Feeder Fund (531) LLC (26,272 ) 455,907 (997,235 ) (567,600 ) — — — Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (304,329 ) (774,633 ) (1,212,236 ) (2,291,198 ) — — — — Total $ (4,604,387 ) $ 12,974,128 $ (6,594,969 ) $ 1,774,772 $ (429,436 ) $ (393,837 ) $ 1,693,209 $ 869,936 The following table summarizes each of the Trust’s equity in earnings from Private Investment Companies for the three months ended June 30, 2017: Thee Months Ended June 30, 2017 Three Months Ended June 30, 2016 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) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC $ (43,490 ) $ (360,324 ) $ (203,949 ) $ (607,763 ) $ — $ — $ — $ — Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC (78,010 ) (143,543 ) (62,813 ) (284,366 ) (124,394 ) 231,630 1,589,980 1,697,216 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC (35,149 ) 136,451 (51,240 ) 50,062 — — — — Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (359,641 ) 1,915,649 (341,693 ) 1,214,315 (241,927 ) (706,903 ) 171,926 (776,904 ) Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (80,271 ) 958,650 (1,127,955 ) (249,576 ) — — — — Galaxy Plus Fund - LRR Feeder Fund (522) LLC — — (1,103,885 ) (1,103,885 ) (70,250 ) (429,324 ) 155,024 (344,550 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (156,995 ) (182,145 ) 215,301 (123,839 ) 69,990 (11,251 ) (299,944 ) (241,205 ) Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC (121,432 ) 105,059 (11,858 ) (28,231 ) (57,711 ) 519,550 13,213 475,052 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (27,397 ) 1,910,426 (1,894,086 ) (11,057 ) (5,144 ) 2,461 63,010 60,327 Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC — — (334,584 ) (334,584 ) — — — — Galaxy Plus Fund - TT Feeder Fund (531) LLC (26,272 ) 455,907 (997,236 ) (567,601 ) — — — Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (272,608 ) (820,414 ) (1,247,592 ) (2,340,614 ) — — — — Total $ (1,201,265 ) $ 3,975,716 $ (7,161,590 ) $ (4,387,139 ) $ (429,436 ) $ (393,837 ) $ 1,693,209 $ 869,936 The Trust’s investments in private investment companies have certain redemption and liquidity restrictions which are described in the following table: Redemptions Redemptions Liquidity Notice Period Permitted Restrictions Frontier Funds Multi-Strategy Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 24 hours Daily None Galaxy Plus Fund - LRR Feeder Fund (522) LLC 24 hours Daily None Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC 24 hours Daily None Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None Galaxy Plus Fund - TT Feeder Fund (531) LLC 24 hours Weekly None Option Trading Galaxy Plus Fund - Doherty Feeder Fund (528) LLC 24 hours Daily None |
Series Of Frontier Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies | 5. Investments in Unconsolidated Trading Companies and Private Investment Companies Investments in unconsolidated Trading Companies and Private Investment Companies represent cash and open trade equity invested in the Trading and Private Investment Companies as well as by each Series and cumulative trading profits or losses allocated to each Series by the Trading Companies and Private Investment Companies. Trading Companies and Private Investment Companies allocate trading profits or losses on the basis of the proportion of each Series’ capital allocated for trading to each respective Trading Company, which bears no relationship to the amount of cash invested by a Series in the Trading Company and Private Investment Companies. The Trading Companies are valued using the equity method of accounting, which approximates fair value. Investments in Private Investment Companies are valued using the NAV provided by the underlying private investment. The following table summarizes each of the Series’ investments in unconsolidated Trading and Private Investment Companies as of June 30, 2017 and December 31, 2016: As of June 30, 2017 As of December 31, 2016 Percentage of Percentage of Series Net Series Net Assets Invested Assets Invested in Unconsolidated in Unconsolidated Trading and Private Trading and Private Investment Companies Fair Value Investment Companies Fair Value Series Frontier Diversified Series — Frontier Trading Companies II and XXXVIII 9.46% $ 2,526,317 7.44% $ 4,201,628 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 2.51% 671,293 3.29% 1,856,786 Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC 3.30% 879,782 11.33% 6,399,628 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC 5.61% 1,496,938 4.27% 2,412,065 Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 5.06% 1,349,448 6.30% 3,558,715 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 6.87% 1,834,373 7.27% 4,103,564 Galaxy Plus Fund - LRR Feeder Fund (522) LLC 0.87% 232,038 1.95% 1,099,207 Galaxy Plus Fund - QIM Feeder Fund (526) LLC 14.76% 3,939,343 13.85% 7,819,114 Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC 11.63% 3,105,447 15.23% 8,600,401 Galaxy Plus Fund - Quest Feeder Fund (517) LLC 1.29% 343,540 5.31% 2,996,494 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 22.56% 6,021,231 — — Frontier Masters Series — Frontier Trading Companies II, XV and XXXVIII 8.33% $ 1,106,108 38.79% $ 6,678,106 Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC 6.62% 879,599 20.12% 3,455,090 Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 10.25% 1,361,781 12.81% 2,198,618 Galaxy Plus Fund - TT Feeder Fund (531) LLC 18.25% 2,423,689 — — Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24.56% 3,262,632 — — Frontier Long/Short Commodity Series — Frontier Trading Company XXXVIII 0.80% $ 45,947 — — Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC 5.12% 293,162 17.39% 1,610,890 Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 12.89% 737,988 17.40% 1,611,845 Galaxy Plus Fund - LRR Feeder Fund (522) LLC 31.27% 1,789,715 37.70% 3,492,407 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 26.29% 1,504,768 — — Frontier Balanced Series — Frontier Trading Companies II and XXXVIII 4.70% $ 2,693,806 7.25% $ 5,965,331 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 3.13% 1,790,273 3.39% 2,786,543 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC 4.35% 2,493,766 5.00% 4,114,892 Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 4.71% 2,697,668 5.09% 4,190,798 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 9.61% 5,503,476 8.59% 7,071,313 Galaxy Plus Fund - LRR Feeder Fund (522) LLC 1.22% 696,175 3.63% 2,989,088 Galaxy Plus Fund - QIM Feeder Fund (526) LLC 11.64% 6,667,032 15.34% 12,623,819 Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC 9.18% 5,255,818 12.91% 10,626,274 Galaxy Plus Fund - Quest Feeder Fund (517) LLC 0.40% 229,047 1.10% 902,546 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 17.79% 10,190,209 — — Frontier Select Series — Frontier Trading Companies XXXVIII and XXXIX 38.59% $ 2,920,866 24.33% $ 3,910,866 Galaxy Plus Fund - TT Feeder Fund (531) LLC 41.12% 3,112,675 — — Frontier Winton Fund Frontier Trading Company XXXVIII 3.45% $ 831,492 9.96% $ 4,072,450 Frontier Heritage Series — Frontier Trading Companies II and XXXVIII 17.92% $ 1,197,135 20.48% $ 2,744,640 The following tables summarize each of the Series; equity in earnings from unconsolidated Trading and Private Investment Companies for six and three months ended June 30, 2017 and 2016. Six Months Ended June 30, 2017 Six Months Ended June, 2016 Trading Commissions Realized Gain/(Loss) Change in Unrealized Gain/(Loss) Net Income (Loss) Trading Commissions Realized Gain/(Loss) Change in Unrealized Gain/(Loss) Net Income (Loss) Frontier Balanced Fund — Frontier Trading Company I, LLC $ — — — $ — $ (291,912 ) $ 2,837,850 $ 384,155 $ 2,930,095 Frontier Trading Company II, LLC (32,747 ) 216,451 (414,846 ) (231,142 ) (7,911 ) 3,032 798,440 793,563 Frontier Trading Company VII, LLC — — — — (97,942 ) 464,066 1,509,172 1,875,296 Frontier Trading Company XXXVIII, LLC — — (206,159 ) (206,159 ) (23,497 ) (1,839,566 ) (7,975 ) (1,871,038 ) Frontier Trading Company XXIX, LLC — — — — (10 ) 7,074 — 7,064 Frontier Trading Company XIV, LLC — — — — (1,293 ) 9,537 (15,937 ) (7,693 ) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (44,764 ) (387,975 ) (13,621 ) (446,360 ) — — — — Galaxy Plus Fund - Doherty Feeder Fund (528) LLC (50,359 ) 148,003 (34,828 ) 62,816 — — — — Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (370,056 ) 934,254 440,340 1,004,538 — — (473,966 ) (473,966 ) Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (97,240 ) 1,057,916 (443,733 ) 516,943 — — — — Galaxy Plus Fund - LRR Feeder Fund (522) LLC — — (758,716 ) (758,716 ) — — (76,438 ) (76,438 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (1,053,253 ) 3,793,961 (295,887 ) 2,444,821 — — (147,819 ) (147,819 ) Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC (144,534 ) 393,118 217,931 466,515 — — 530,832 530,832 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (13,489 ) 658,389 (821,400 ) (176,500 ) — — — — Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (129,934 ) (453,700 ) (456,590 ) (1,040,224 ) — — 13,860 13,860 Total $ (1,936,376 ) $ 6,360,417 $ (2,787,509 ) $ 1,636,532 $ (422,565 ) $ 1,481,993 $ 2,514,324 $ 3,573,756 Frontier Winton Fund — Frontier Trading Company XXXVIII, LLC $ — $ — $ (303,217 ) $ (303,217 ) $ (14,000 ) $ (996,591 ) $ (75,348 ) $ (1,085,939 ) Total $ — $ — $ (303,217 ) $ (303,217 ) $ (14,000 ) $ (996,591 ) $ (75,348 ) $ (1,085,939 ) Frontier Frontier Select Fund — Frontier Trading Company XXXIX, LLC $ — $ — $ (302,892 ) $ (302,892 ) $ (3,394 ) $ — $ 335,581 $ 332,189 Frontier Trading Company XXXVIII, LLC — — (61,753 ) (61,753 ) (537 ) (61,869 ) (18,230 ) (80,638 ) Galaxy Plus Fund - TT Feeder Fund (531) LLC (26,272 ) 455,907 (960,857 ) (531,222 ) — — — — Total $ (26,272 ) $ 455,907 $ (1,325,502 ) $ (895,867 ) $ (3,931 ) $ (61,869 ) $ 317,351 $ 251,551 Frontier Heritage Fund — Frontier Trading Company II, LLC $ (61,563 ) $ 113,582 $ (165,128 ) $ (113,109 ) $ (4,236 ) $ 4,852 $ 429,014 $ 429,630 Frontier Trading Company XXXVIII, LLC — — (94,612 ) (94,612 ) (2,982 ) (214,680 ) (15,685 ) (233,347 ) Total $ (61,563 ) $ 113,582 $ (259,740 ) $ (207,721 ) $ (7,218 ) $ (209,828 ) $ 413,329 $ 196,283 Frontier Long/Short Commodity Fund Frontier Trading Company I, LLC $ — $ — $ — $ — $ (3,979 ) $ 145,864 $ 32,717 $ 174,602 Frontier Trading Companies VII, LLC — — — — (30,876 ) (12,785 ) (11,583 ) (55,244 ) Frontier Trading Company XXXVIII, LLC — — 48,430 48,430 (1,920 ) 156,899 (336,795 ) (181,816 ) Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC (44,133 ) (37,958 ) 72,625 (9,466 ) — — 250,381 250,381 Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (181,134 ) 398,026 195,800 412,692 — — (387,492 ) (387,492 ) Galaxy Plus Fund - LRR Feeder Fund (522) LLC (570,790 ) — — (570,790 ) — — (57,351 ) (57,351 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (31,126 ) (2,843 ) (157,347 ) (191,316 ) Total $ (796,057 ) $ 360,068 $ 316,855 $ (310,450 ) $ (36,775 ) $ 289,978 $ (510,123 ) $ (256,920 ) Frontier Diversified Fund — Frontier Trading Company I, LLC $ — $ — $ — $ — $ (258,906 ) $ 1,820,739 $ (172,448 ) $ 1,389,385 Frontier Trading Company II, LLC (34,961 ) 156,232 (244,744 ) (123,473 ) (5,852 ) 8,485 603,376 606,009 Frontier Trading Company VII, LLC — — — — (80,881 ) (566,171 ) 2,324,104 1,677,052 Frontier Trading Company XXIII, LLC — — — — (32,785 ) (1,406,397 ) 97,442 (1,341,740 ) Frontier Trading Company XXXVIII, LLC — — (220,531 ) (220,531 ) (15,326 ) 628,128 70,786 683,588 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (38,921 ) (248,929 ) 41,918 (245,932 ) — — — — Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC (52,211 ) (296,825 ) 401,400 52,364 (8,493 ) 998,888 — 990,395 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC (36,891 ) 93,200 (21,227 ) 35,082 — — — — Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (331,447 ) 937,641 344,980 951,174 — — (1,190,428 ) (1,190,428 ) Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (71,434 ) 668,006 (172,286 ) 424,286 — — — — Galaxy Plus Fund - LRR Feeder Fund (522) LLC — — (286,484 ) (286,484 ) — — (28,777 ) (28,777 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (677,949 ) 2,530,502 (402,647 ) 1,449,906 — — (93,547 ) (93,547 ) Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC (145,059 ) 396,809 122,278 374,028 — — 211,386 211,386 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (54,917 ) 1,818,085 (2,335,438 ) (572,270 ) — — 1,030,807 1,030,807 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (109,401 ) (281,218 ) (324,689 ) (715,308 ) — — — — Total $ (1,553,191 ) $ 5,773,503 $ (3,097,470 ) $ 1,122,842 $ (402,243 ) $ 1,483,672 $ 2,852,701 $ 3,934,130 Frontier Masters Fund — Frontier Trading Company I, LLC $ — $ — $ — $ — $ (8,534 ) $ (318,341 ) $ 171,763 $ (155,112 ) Frontier Trading Company II, LLC 25,034 91,810 (290,984 ) (174,140 ) (3,461 ) 9,446 363,470 369,455 Frontier Trading Company VII, LLC — — — — (48,485 ) (371,922 ) 1,208,006 787,599 Frontier Trading Company XV, LLC (63,500 ) 78,115 (115,394 ) (100,779 ) (29,251 ) 287,234 1,034,834 1,292,817 Frontier Trading Company XXXVIII, LLC — — (103,705 ) (103,705 ) (4,857 ) (394,257 ) (4,402 ) (403,516 ) Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC (70,041 ) (81,634 ) 150,438 (1,237 ) — — 456,376 456,376 Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (225,164 ) 518,265 258,497 551,598 — — (710,445 ) (710,445 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (33,868 ) (36,872 ) (273,610 ) (344,350 ) — — — — Galaxy Plus Fund - TT Feeder Fund (531) LLC — — (621,004 ) (621,004 ) — — — — Total $ (367,539 ) $ 569,684 $ (995,762 ) $ (793,617 ) $ (94,588 ) $ (787,840 ) $ 2,519,602 $ 1,637,174 Three Months Ended June 30, 2017 Three Months Ended June, 2016 Trading Commissions Realized Gain/(Loss) Change in Unrealized Gain/(Loss) Net Income (Loss) Trading Commissions Realized Gain/(Loss) Change in Unrealized Gain/(Loss) Net Income (Loss) Frontier Balanced Fund — Frontier Trading Company I, LLC $ — $ — $ — $ — $ (134,840 ) $ (938,212 ) $ 1,224,098 $ 151,046 Frontier Trading Company II, LLC (29,734 ) (176,628 ) (185,169 ) (391,531 ) (4,075 ) (434,401 ) 793,481 355,005 Frontier Trading Company VII, LLC — — — — (55,681 ) 245,437 (256,984 ) (67,228 ) Frontier Trading Company XXXVIII, LLC — — (60,414 ) (60,414 ) (13,552 ) (1,022,363 ) 298,598 (737,317 ) Frontier Trading Company XXIX, LLC — — — — — — — — Frontier Trading Company XIV, LLC — — — — (1,293 ) 9,537 (15,937 ) (7,693 ) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (23,364 ) (222,017 ) (152,905 ) (398,286 ) — — — — Galaxy Plus Fund - Doherty Feeder Fund (528) LLC (19,523 ) 82,988 (31,581 ) 31,884 — — — — Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (103,320 ) 628,876 (146,626 ) 378,930 — — (473,966 ) (473,966 ) Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (46,229 ) 572,197 (767,626 ) (241,658 ) — — — — Galaxy Plus Fund - LRR Feeder Fund (522) LLC — — (313,570 ) (313,570 ) — — (76,438 ) (76,438 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (84,339 ) (292,686 ) 307,411 (69,614 ) — — (147,819 ) (147,819 ) Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC (59,057 ) 14,510 23,398 (21,149 ) — — 530,832 530,832 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (5,563 ) 550,360 (553,687 ) (8,890 ) — — — — Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (111,023 ) (481,169 ) (477,804 ) (1,069,996 ) — — 13,860 13,860 Total $ (482,152 ) $ 676,431 $ (2,358,573 ) $ (2,164,294 ) $ (209,441 ) $ (2,140,002 ) $ 1,889,725 $ (459,718 ) Frontier Winton Fund — Frontier Trading Company XXXVIII, LLC $ — $ — $ (21,961 ) $ (21,961 ) $ (8,315 ) $ (478,651 ) $ 8,665 $ (478,301 ) Total $ — $ — $ (21,961 ) $ (21,961 ) $ (8,315 ) $ (478,651 ) $ 8,665 $ (478,301 ) Frontier Frontier Select Fund — Frontier Trading Company XXXIX, LLC $ — $ — $ (103,491 ) $ (103,491 ) $ (1,697 ) $ — $ (109,118 ) $ (110,816 ) Frontier Trading Company XXXVIII, LLC — — (13,395 ) (13,395 ) (195 ) (26,387 ) (14,506 ) (41,088 ) Galaxy Plus Fund - TT Feeder Fund (531) LLC (26,272 ) 455,907 (960,857 ) (531,222 ) Total $ (26,272 ) $ 455,907 $ (1,077,743 ) $ (648,108 ) $ (1,892 ) $ (26,387 ) $ (123,624 ) $ (151,904 ) Frontier Heritage Fund — Frontier Trading Company II, LLC $ (59,981 ) $ (92,376 ) $ (45,355 ) $ (197,712 ) $ (2,170 ) $ (231,385 ) $ 421,718 $ 188,163 Frontier Trading Company XXXVIII, LLC — — (32,056 ) (32,056 ) (1,762 ) (101,544 ) 2,109 (101,197 ) Total $ (59,981 ) $ (92,376 ) $ (77,411 ) $ (229,768 ) $ (3,932 ) $ (332,929 ) $ 423,827 $ 86,966 Frontier Long/Short Commodity Fund Frontier Trading Company I, LLC $ — $ — $ — $ — $ (1,581 ) $ (129,687 ) $ 124,981 $ (6,287 ) Frontier Trading Companies VII, LLC — — — — (8,929 ) 288,560 (244,665 ) 34,966 Frontier Trading Company XXXVIII, LLC — — 48,430 48,430 (874 ) (62,203 ) 13,269 (49,808 ) Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC (20,154 ) (17,806 ) (15,385 ) (53,345 ) — — 250,381 250,381 Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (70,739 ) 274,376 (21,965 ) 181,672 — — (387,493 ) (387,493 ) Galaxy Plus Fund - LRR Feeder Fund (522) LLC — — (668,936 ) (668,936 ) (57,351 ) (57,351 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (31,126 ) (2,843 ) (157,347 ) (191,316 ) — — — — Total $ (122,019 ) $ 253,727 $ (815,203 ) $ (683,495 ) $ (11,384 ) $ 96,670 $ (300,878 ) $ (215,592 ) Frontier Diversified Fund — Frontier Trading Company I, LLC $ — $ — $ — $ — $ (121,692 ) $ (725,098 ) $ 459,962 $ (386,828 ) Frontier Trading Company II, LLC (32,754 ) (131,602 ) (76,660 ) (241,016 ) (2,990 ) (318,746 ) 582,063 260,327 Frontier Trading Company VII, LLC — — — — (45,661 ) 82,553 (170,124 ) (133,232 ) Frontier Trading Company XXXIX, LLC — — — — — — 590,395 590,395 Frontier Trading Company XVIII, LLC — — — — (15,326 ) (1,032,792 ) 70,786 (977,332 ) Frontier Trading Company XXI, LLC — — — — — — 169,826 169,826 Frontier Trading Company XXIII, LLC — — — — (15,158 ) 186,545 10,661 182,048 Frontier Trading Company XXXVIII, LLC — — (92,697 ) (92,697 ) 7,062 566,912 (257,668 ) 316,306 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (20,126 ) (138,307 ) (51,044 ) (209,477 ) — — — — Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC (25,130 ) (86,993 ) (10,374 ) (122,497 ) (8,493 ) 998,888 — 990,395 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC (15,626 ) 53,463 (19,659 ) 18,178 — — — — Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (99,836 ) 663,148 (134,800 ) 428,512 — — (1,190,428 ) (1,190,428 ) Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (34,042 ) 386,453 (360,329 ) (7,918 ) — — — — Galaxy Plus Fund - LRR Feeder Fund (522) LLC — — (121,379 ) (121,379 ) — — (28,777 ) (28,777 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (72,656 ) 110,541 (92,110 ) (54,225 ) — — (93,547 ) (93,547 ) Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC (62,375 ) 90,549 (35,256 ) (7,082 ) — — 211,386 211,386 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (21,834 ) 1,360,066 (1,340,399 ) (2,167 ) — — 1,030,807 1,030,807 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (96,591 ) (299,530 ) (338,831 ) (734,952 ) — — — — Total $ (480,970 ) $ 2,007,788 $ (2,673,538 ) $ (1,146,720 ) $ (202,258 ) $ (241,738 ) $ 1,385,342 $ 941,346 Frontier Masters Fund — Frontier Trading Company I, LLC $ — $ — $ — $ — $ (3,436 ) $ (281,482 ) $ 523,684 $ 238,766 Frontier Trading Company II, LLC (20,155 ) (75,060 ) (193,825 ) (289,040 ) (1,752 ) (186,703 ) 340,469 152,014 Frontier Trading Company VII, LLC — — — — (27,697 ) (9,074 ) (83,101 ) (119,872 ) Frontier Trading Company XV, LLC — — — — (15,852 ) (646,595 ) 1,036,321 373,874 Frontier Trading Company XXXVIII, LLC — — (27,193 ) (27,193 ) (2,345 ) (153,097 ) 35,657 (119,787 ) Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC (32,726 ) (38,744 ) (37,054 ) (108,524 ) — — 456,376 456,376 Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (85,746 ) 349,249 (38,302 ) 225,201 — — (710,445 ) (710,445 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (33,868 ) (36,872 ) (273,610 ) (344,350 ) — — — — Galaxy Plus Fund - TT Feeder Fund (531) LLC — — (621,004 ) (621,004 ) — — — — Total $ (172,495 ) $ 198,573 $ (1,190,988 ) $ (1,164,910 ) $ (51,082 ) $ (1,276,951 ) $ 1,598,961 $ 270,926 The Series investments in private investment companies have certain redemption and liquidity restrictions which are described in the following table: Redemptions Redemptions Liquidity Notice Period Permitted Restrictions Frontier Diversified Fund Multi-Strategy Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 24 hours Daily None Galaxy Plus Fund - LRR Feeder Fund (522) LLC 24 hours Daily None Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC 24 hours Daily None Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None Option Trading Galaxy Plus Fund - Doherty Feeder Fund (528) LLC 24 hours Daily None Frontier Masters Fund Trend Following Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC 24 hours Daily None Galaxy Plus Fund - TT Feeder Fund (531) LLC 24 hours Weekly None Multi-Strategy Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 24 hours Daily None Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Frontier Long/Short Commodity Fund Trend Following Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC 24 hours Daily None Multi-Strategy Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 24 hours Daily None Galaxy Plus Fund - LRR Feeder Fund (522) LLC 24 hours Daily None Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Frontier Balanced Fund Multi-Strategy Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 24 hours Daily None Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC 24 hours Daily None Galaxy Plus Fund - LRR Feeder Fund (522) LLC 24 hours Daily None Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None Option Trading Galaxy Plus Fund - Doherty Feeder Fund (528) LLC 24 hours Daily None Frontier Select Fund Trend Following Galaxy Plus Fund - TT Feeder Fund (531) LLC 24 hours Weekly None |
Transactions with Affiliates
Transactions with Affiliates | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
Transactions with Affiliates | 6. Transactions with Affiliates The Managing Owner contributes funds to the Trust in order to have a 1% interest in the aggregate capital, profits and losses and in return will receive units designated as general units in the Series of the Trust in which the Managing Owner invests such funds. The general units may only be purchased by the Managing Owner and may be subject to no advisory fees or management advisory fees at reduced rates. Otherwise, the general units hold the same rights as the limited units. The Managing Owner is required to maintain at least a 1% interest (“Minimum Purchase Commitment”) in the aggregate capital, profits and losses of the Trust so long as it is acting as the Managing Owner of the Trust. Such contribution was made by the Managing Owner before trading commenced for the Trust and will be maintained throughout the existence of the Trust, and the Managing Owner will make such purchases as are necessary to effect this requirement. Additionally, the Managing Owner agreed with certain regulatory bodies to maintain a 1% interest specifically in the Frontier Balanced Fund Class 1AP Units and Frontier Balanced Fund Class 2a Units, aggregated, and each of the Frontier Long/Short Commodity Fund, Frontier Diversified Fund, and Frontier Masters Fund. The 1% interest in these specific Series of the Trust is included in computing the Minimum Purchase Commitment in aggregate capital. In addition to the general units the Managing Owner receives in respect of its Minimum Purchase Commitment, the Managing Owner may purchase limited units in any Series as a Limited Owner. Principals of the Managing Owner or affiliates are allowed to own beneficial interests in the Trust, as well. All units purchased by the Managing Owner are held for investment purposes only and not for resale. The Managing Owner may make purchases or redemptions at any time on the same terms as any Limited Owner. The Trust has and will continue to have certain relationships with the Managing Owner and its affiliates. Expenses Management Fees – The management fee as a percentage of the applicable Series’ nominal assets will be greater than the percentage of the applicable Series’ net asset value to the extent that the nominal assets of the Series exceeds its net asset value. The Managing Owner expects that the nominal assets of each Series will generally be maintained at a level in excess of the net asset value of such Series and such excess may be substantial to the extent the Managing Owner deems necessary to achieve the desired level of volatility. Trading Fees – Incentive Fees – Service Fees – As of June 30, 2017, the Trust has a payable to the Managing Owner in the amounts of $0, $247,900, $194,588, $503,707, and $258,556 for incentive fees, management fees, interest, trading fees, and service fees, respectively. As of December 31, 2016, the Trust has a payable to the Managing Owner in the amounts of $0, $433,430, $63,275, $523,099 and $239,520 for incentive fees, management fees, interest, trading fees, and service fees, respectively. For the three months ended June 30, 2017 the Trust paid the Managing Owner $(87,670), $684,035, $689,028 and $1,595,112 for incentive fees, management fees, service fees, and trading fees, respectively. For the three months ended June 30, 2016, the Trust paid the Managing Owner $713,836, $940,380, $892,738and $767,155 for incentive fees, management fees, service fees , and trading fees, respectively. For the six months ended June 30, 2017 the Trust paid the Managing Owner $(205,571), $1,212,823, $1,433,011 and $3,126,515 for incentive fees, management fees, service fees, and trading fees, respectively. For the six months ended June 30, 2016 the Trust paid the Managing Owner 3,063,443, $2,123,095, $1,862,122 and $1,601,833 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 six months ended June 30, 2017 and 2016, amounts received or receivable from the Managing Owner for the difference in monthly service fees from the prepaid initial service fees were $0 and $12, respectively. Aggregate interest income from all sources, including U.S. Treasury Securities assets net of premiums and cash held at clearing brokers, of up to the first 2% (annualized) is paid to the Managing Owner by the Frontier Balanced Fund (Class 1 and Class 2 only), Frontier Winton Fund, Frontier Select Fund, and Frontier Heritage Fund. For the Frontier Diversified Fund, Frontier Long/Short Commodity Fund (Class 1a, Class 2a, Class 3a only), Frontier Masters Fund, and Frontier Balanced Fund (Class 1AP, Class 2a and Class 3a), 20% of the total interest allocated to each Series was paid to the Managing Owner from January 1, 2016 through April 28, 2016; thereafter 100% of the interest is retained by the respective Series . Solon Capital, LLC, an affiliate of the Trust (when Equinox Fund Management, LLC) was acting as Managing Owner), provided Management services for Equinox who paid, $168,256 and $0 respectively, for the six month’s ended June 30, 2017 and 2016. These amounts have no impact on the Trust’s financial statements. |
Series Of Frontier Fund [Member] | |
Transactions with Affiliates | 6. Transactions with Affiliates The Managing Owner contributes funds to the Trust, with respect to the Series, in order to have a 1% interest (“Minimum Purchase Commitment”) in the aggregate capital, profits and losses of all Series and in return will receive units designated as general units in the Series in which the Managing Owner invests such funds. The general units may only be purchased by the Managing Owner and may be subject to no advisory fees or advisory fees at reduced rates. Otherwise, the general units hold the same rights as the limited units. The Managing Owner will make contributions to the Series of the Trust necessary to maintain at least a 1% interest in the aggregate capital, profits and losses of the combined Series of the Trust. Such contribution was made by the Managing Owner before trading commenced for the Trust and will be maintained throughout the existence of the Trust, and the Managing Owner will make such purchases as are necessary to effect this requirement. Additionally, the Managing Owner agreed with certain regulatory bodies to maintain a 1% interest specifically in the Frontier Balanced Fund Class 1AP and 2a Units, aggregated, and each of the Frontier Long/Short Commodity Fund, Frontier Diversified Fund and Frontier Masters Fund. The 1% interest in these specific Series is included in computing the Minimum Purchase Commitment in aggregate capital. In addition to the general units the Managing Owner receives in respect of its Minimum Purchase Commitment, the Managing Owner may purchase limited units in any Series as a Limited Owner. Principals of the Managing Owner or affiliates are allowed to own beneficial interests in the Trust, with respect to the Series, as well. All Units purchased by the Managing Owner are held for investment purposes only and not for resale. The Managing Owner may make purchases or redemptions at any time on the same terms as any Limited Owner. The Trust has and will continue to have certain relationships with the Managing Owner and its affiliates. Expenses Management Fees— The management fee as a percentage of the applicable Series’ nominal assets will be greater than the percentage of the applicable Series’s net asset value to the extent that the nominal assets of the series exceeds its net asset value. The Managing Owner expects that the nominal assets of each Series will generally be maintained at a level in excess of the net asset value of such Series and such excess may be substantial to the extent the managing owner deems necessary to achieve the desired level of volatility. Trading Fees— Incentive Fees— Service Fees— The following table summarizes fees earned by the Managing Owner for the six months ended June 30, 2017 and 2016: Three Months Ended June 30, 2017 Incentive Fees Management Fees Service Fees Trading Fees Frontier Diversified Fund $ — $ 27,784 $ 41,352 $ 466,107 Frontier Masters Fund — 58,094 24,160 186,409 Frontier Long/Short Commodity Fund (87,670 ) — 3,510 66,308 Frontier Balanced Fund — 38,058 384,415 623,456 Frontier Select Fund — 26,454 60,437 49,223 Frontier Winton Fund — 265,095 126,462 154,026 Frontier Heritage Fund — 58,866 48,692 63,757 Three Months Ended June 30, 2016 Incentive Fees Management Fees Service Fees Trading Fees Frontier Diversified Fund $ 131,219 $ 177,249 $ 59,301 $ 349,658 Frontier Masters Fund 15,801 120,462 36,877 121,827 Frontier Long/Short Commodity Fund — 47,367 12,542 43,982 Frontier Balanced Fund 489,916 164,553 450,955 143,669 Frontier Select Fund 15,881 67,902 85,705 24,122 Frontier Winton Fund — 265,095 169,823 64,892 Frontier Heritage Fund — 60,698 63,757 17,962 Six Months Ended June 30, 2017 Incentive Fees Management Fees Service Fees Trading Fees Frontier Diversified Fund $ (63,508 ) $ 55,742 $ 86,185 $ 932,781 Frontier Masters Fund — 143,323 52,934 376,584 Frontier Long/Short Commodity Fund (87,670 ) — 10,971 143,093 Frontier Balanced Fund — 76,537 783,275 1,163,171 Frontier Select Fund — 82,629 129,768 98,267 Frontier Winton Fund (49,790 ) 489,086 269,091 303,364 Frontier Heritage Fund (4,603 ) 117,858 100,787 109,257 Six Months Ended June 30, 2016 Incentive Fees Management Fees Service Fees Trading Fees Frontier Diversified Fund $ 1,052,255 $ 416,096 $ 135,479 $ 706,366 Frontier Masters Fund 242,029 282,097 84,012 260,171 Frontier Long/Short Commodity Fund 134,601 185,913 33,573 93,601 Frontier Balanced Fund 1,425,533 398,578 935,027 316,458 Frontier Select Fund 39,867 138,723 179,149 50,302 Frontier Winton Fund 99,067 540,915 349,678 133,216 Frontier Heritage Fund 9,072 123,719 131,426 40,676 The following table summarizes fees payable to the Managing Owner as of June 30, 2017 and December 31, 2016. As of June 30, 2017 Incentive Fees Management Fees Interest Fees Service Fees Trading Fees Frontier Diversified Fund $ — $ — $ — $ 61,852 $ 145,020 Frontier Masters Fund — — — 14,211 56,704 Frontier Long/Short Commodity Fund — — 3,091 1,591 20,034 Frontier Balanced Fund — 3,817 184,466 116,539 198,617 Frontier Select Fund — — 3,276 18,069 15,892 Frontier Winton Fund — 244,083 37,136 50,609 69,931 Frontier Heritage Fund — — 3,756 9,157 16,830 As of December 31, 2016 Incentive Fees Management Fees Interest Fees Service Fees Trading Fees Frontier Diversified Fund $ — $ 23,496 $ — $ 15,193 $ 147,183 Frontier Masters Fund — 50,174 — 9,037 57,890 Frontier Long/Short Commodity Fund — — — 3,542 23,478 Frontier Balanced Fund — 25,217 21,606 129,956 203,324 Frontier Select Fund — 21,219 3,518 25,966 1,829 Frontier Winton Fund — 256,824 30,730 39,370 55,142 Frontier Heritage Fund — 56,501 7,420 16,457 17,953 With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed therefore by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk and the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. Aggregate interest income from all sources, including U.S. Treasury Securities assets net of premiums and cash held at clearing brokers, of up to the first 2% (annualized) is paid to the Managing Owner by the Frontier Balanced Fund (Class 1 and Class 2), Frontier Winton Fund, Frontier Select Fund, and Frontier Heritage Fund. For the Frontier Diversified Fund, Frontier Long/Short Commodity Fund (Class 1a, Class 2a, Class 3a only), Frontier Masters Fund, and Frontier Balanced Fund (Class 1AP, Class 2a and Class 3a), 20% of the total interest allocated to each Series is paid to the Managing Owner from January 1, 2016 through April 28, 2016; thereafter 100% of the interest is retained by the respective Series. The following table outlines the interest paid by each Series to the Managing Owner and its ratio to average net assets for the three and six months ended June 30, 2017 and 2016: Three Months Ended 6/30/2017 6/30/2016 6/30/2017 6/30/2016 Ratio to Average Ratio to Gross Amount Paid to the Gross Amount Paid to Net Average Managing Owner the Managing Owner Assets Net Assets Equinox Frontier Diversified Fund Class 1 $ — $ 1,188 0.01 % 0.01 % Equinox Frontier Diversified Fund Class 2 — 5,454 0.01 % 0.01 % Equinox Frontier Diversified Fund Class 3 — 1,837 0.02 % 0.02 % Equinox Frontier Masters Fund Class 1 — 797 0.01 % 0.01 % Equinox Frontier Masters Fund Class 2 — 775 0.01 % 0.01 % Equinox Frontier Masters Fund Class 3 — 798 0.01 % 0.01 % Equinox Frontier Long/Short Commodity Fund Class 2 228 85 0.05 % 0.01 % Equinox Frontier Long/Short Commodity Fund Class 3 1,842 407 0.05 % 0.01 % Equinox Frontier Long/Short Commodity Fund Class 1a (0 ) 291 0.00 % 0.01 % Equinox Frontier Long/Short Commodity Fund Class 2a (0 ) 104 0.00 % 0.01 % Equinox Frontier Long/Short Commodity Fund Class 3a 0 47 0.00 % 0.01 % Equinox Frontier Balanced Fund Class 1 155,792 148,636 0.30 % 0.24 % Equinox Frontier Balanced Fund Class 1AP 2,005 1,659 0.33 % 0.01 % Equinox Frontier Balanced Fund Class 2 38,500 53,414 0.18 % 0.23 % Equinox Frontier Balanced Fund Class 2a 493 273 0.08 % 0.05 % Equinox Frontier Balanced Fund Class 3a 1,204 1,203 0.07 % 0.05 % Equinox Frontier Select Fund Class 1 10,569 3,173 0.13 % 0.03 % Equinox Frontier Select Fund Class 1AP 31 14 0.13 % 0.00 % Equinox Frontier Select Fund Class 2 1,690 383 0.13 % 0.03 % Equinox Frontier Winton Fund Class 1 (38,915 ) 84,303 -0.23 % 0.36 % Equinox Frontier Winton Fund Class 1AP (116 ) 137 -0.33 % 0.00 % Equinox Frontier Winton Fund Class 2 (35,722 ) 43,889 -0.32 % 0.36 % Equinox Frontier Heritage Fund Class 1 11,940 20,282 0.18 % 0.23 % Equinox Frontier Heritage Fund Class 1AP 10 108 0.18 % 0.00 % Equinox Frontier Heritage Fund Class 2 3,498 6,913 0.19 % 0.23 % Total $ 153,048 $ 376,170 Six Months Ended 6/30/2017 6/30/2016 6/30/2017 6/30/2016 Gross Gross Amount Amount Paid Ratio to Ratio to Paid to the to the Average Net Average Managing Managing Assets Net Assets Equinox Frontier Diversified Fund Class 1 $ (3,860 ) $ 7,806 -0.09 % 0.08 % Equinox Frontier Diversified Fund Class 2 (19,555 ) 29,461 -0.05 % 0.08 % Equinox Frontier Diversified Fund Class 3 (7,071 ) 9,208 -0.05 % 0.08 % Equinox Frontier Masters Fund Class 1 (4,674 ) 5,968 -0.10 % 0.08 % Equinox Frontier Masters Fund Class 2 (4,780 ) 5,754 -0.09 % 0.08 % Equinox Frontier Masters Fund Class 3 (5,338 ) 4,993 -0.08 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 2 132 529 0.02 % 0.06 % Equinox Frontier Long/Short Commodity Fund Class 3 1,277 2,975 0.03 % 0.05 % Equinox Frontier Long/Short Commodity Fund Class 1a 533 2,069 0.05 % 0.05 % Equinox Frontier Long/Short Commodity Fund Class 2a 233 679 0.03 % 0.06 % Equinox Frontier Long/Short Commodity Fund Class 3a 189 424 0.01 % 0.05 % Equinox Frontier Balanced Fund Class 1 190,384 338,243 0.36 % 0.54 % Equinox Frontier Balanced Fund Class 1AP 2,416 3,856 0.38 % 0.02 % Equinox Frontier Balanced Fund Class 2 52,569 123,177 0.24 % 0.54 % Equinox Frontier Balanced Fund Class 2a 571 611 0.10 % 0.11 % Equinox Frontier Balanced Fund Class 3a 1,452 2,701 0.09 % 0.11 % Equinox Frontier Select Fund Class 1 23,654 13,062 0.27 % 0.11 % Equinox Frontier Select Fund Class 1AP 67 54 0.27 % 0.00 % Equinox Frontier Select Fund Class 2 3,609 1,534 0.27 % 0.11 % Equinox Frontier Winton Fund Class 1 12,162 189,090 0.07 % 0.81 % Equinox Frontier Winton Fund Class 1AP (24 ) 305 -0.07 % 0.01 % Equinox Frontier Winton Fund Class 2 (6,078 ) 98,658 -0.05 % 0.81 % Equinox Frontier Heritage Fund Class 1 26,122 45,755 0.38 % 0.52 % Equinox Frontier Heritage Fund Class 1AP 21 283 0.37 % 0.01 % Equinox Frontier Heritage Fund Class 2 8,742 15,461 0.39 % 0.52 % Total $ 272,752 $ 902,656 |
Financial Highlights
Financial Highlights | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
Financial Highlights | 7. Financial Highlights The following information presents the financial highlights of the Trust for the three and six months ended June 30, 2017 and 2016. This data has been derived from the information presented in the consolidated financial statements. Three months ended 2017 2016 Ratios to average net assets (1) Net investment gain/(loss) (1) -7.26 % -3.96 % Expenses before incentive fees (3) 7.26 % 4.27 % Expenses after incentive fees (3) 7.31 % 4.54 % Total return before incentive fees (2) -5.57 % 0.11 % Total return after incentive fees (2) -5.52 % -0.16 % Six months ended 2017 2016 Ratios to average net assets (1) Net investment gain/(loss) (1) -6.27 % -4.52 % Expenses before incentive fees (3) 6.44 % 4.87 % Expenses after incentive fees (3) 6.33 % 6.15 % Total return before incentive fees (2) -3.66 % 4.80 % Total return after incentive fees (2) -3.55 % 3.53 % (1) Annualized with the exception of incentive fees. (2) Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Consolidated Statements of Operations of the Trust. See footnote 5. The Trust financial highlights are calculated based upon the Trust’s consolidated financial statements. The consolidated Trust does not issue units and therefore the financial highlights do not disclose any unitized data. |
Series Of Frontier Fund [Member] | |
Financial Highlights | 7. Financial Highlights The following information presents the financial highlights of the Trust, with respect to the Series, for the three and six months ended June 30, 2017 and 2016. Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 1a Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, March 31, 2017 $ 119.31 $ 136.74 $ 126.88 $ 113.10 $ 129.65 $ 120.78 $ 95.00 $ 133.17 $ 109.48 $ 134.87 $ 111.98 Net operating results: Interest income 0.06 0.06 0.06 0.14 0.16 0.15 0.00 0.00 0.00 0.00 0.00 Expenses (2.43 ) (1.33 ) (1.23 ) (2.41 ) (2.04 ) (1.90 ) (0.57 ) (0.07 ) (0.06 ) (0.07 ) (0.06 ) Net gain/(loss) on investments, net of non-controlling interests (5.21 ) (6.86 ) (6.29 ) (8.44 ) (9.87 ) (9.13 ) (10.80 ) (16.73 ) (14.03 ) (12.74 ) (12.16 ) Net income/(loss) (7.58 ) (8.12 ) (7.46 ) (10.71 ) (11.75 ) (10.88 ) (11.37 ) (16.80 ) (14.09 ) (12.81 ) (12.22 ) Net asset value, June 30, 2017 $ 111.73 $ 128.62 $ 119.42 $ 102.39 $ 117.90 $ 109.90 $ 83.63 $ 116.37 $ 95.39 $ 122.06 $ 99.76 Ratios to average net assets (3) Net investment income/(loss) -7.96 % -3.68 % -3.68 % -8.22 % -5.93 % -5.93 % -6.42 % -4.12 % -4.12 % -4.12 % -4.12 % Expenses before incentive fees (rebate) (4)(5) 8.15 % 3.87 % 3.87 % 8.72 % 6.43 % 6.43 % 7.71 % 5.42 % 5.42 % 5.42 % 5.42 % Expenses after incentive fees (rebate) (4)(5) 8.15 % 3.87 % 3.87 % 8.72 % 6.43 % 6.43 % 6.42 % 4.12 % 4.12 % 4.12 % 4.12 % Total return before incentive fees (rebate) (2) -6.35 % -5.94 % -5.88 % -9.47 % -9.06 % -9.01 % -13.27 % -13.91 % -14.17 % -10.80 % -12.21 % Total return after incentive fees (rebate) (2) -6.35 % -5.94 % -5.88 % -9.47 % -9.06 % -9.01 % -11.97 % -12.62 % -12.87 % -9.50 % -10.91 % Frontier Balanced Fund Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, March 31, 2017 $ 137.81 $ 149.29 $ 200.81 $ 174.17 $ 173.59 $ 89.88 $ 97.27 $ 129.20 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (2.60 ) (1.70 ) (2.29 ) (1.99 ) (1.98 ) (1.29 ) (0.70 ) (0.94 ) Net gain/(loss) on investments, net of non-controlling interests (5.37 ) (5.88 ) (7.90 ) (6.41 ) (6.39 ) (9.80 ) (10.67 ) (14.15 ) Net income/(loss) (7.97 ) (7.58 ) (10.19 ) (8.40 ) (8.37 ) (11.09 ) (11.37 ) (15.09 ) Net asset value, June 30, 2017 $ 129.84 $ 141.71 $ 190.62 $ 165.77 $ 165.22 $ 78.79 $ 85.90 $ 114.11 Ratios to average net assets (3) Net investment income/(loss) -7.57 % -4.56 % -4.56 % -4.56 % -4.56 % -6.03 % -3.02 % -3.02 % Expenses before incentive fees (rebate) (4)(5) 7.57 % 4.56 % 4.56 % 4.56 % 4.56 % 6.03 % 3.02 % 3.02 % Expenses after incentive fees (rebate) (4)(5) 7.57 % 4.56 % 4.56 % 4.56 % 4.56 % 6.03 % 3.02 % 3.02 % Total return before incentive fees (rebate) (2) -5.78 % -5.08 % -5.07 % -4.82 % -4.82 % -12.34 % -11.69 % -11.68 % Total return after incentive fees (rebate) (2) -5.78 % -5.08 % -5.07 % -4.82 % -4.82 % -12.34 % -11.69 % -11.68 % Frontier Winton Fund Frontier Heritage Fund Class 1 Class 1AP Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, March 31, 2017 $ 152.93 $ 165.26 $ 210.30 $ 115.22 $ 125.64 $ 167.02 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (3.38 ) (2.45 ) (3.12 ) (2.36 ) (1.64 ) (2.19 ) Net gain/(loss) on investments, net of non-controlling interests (5.46 ) (5.55 ) (7.52 ) (3.88 ) (5.06 ) (5.66 ) Net income/(loss) (8.84 ) (8.00 ) (10.64 ) (6.24 ) (6.70 ) (7.85 ) Net asset value, June 30, 2017 $ 144.09 $ 157.26 $ 199.66 $ 108.98 $ 118.94 $ 159.17 Ratios to average net assets (3) Net investment income/(loss) -9.06 % -6.05 % -6.05 % -8.32 % -5.32 % -5.32 % Expenses before incentive fees (rebate) (4)(5) 9.06 % 6.05 % 6.05 % 8.32 % 5.32 % 5.32 % Expenses after incentive fees (rebate) (4)(5) 9.06 % 6.05 % 6.05 % 8.32 % 5.32 % 5.32 % Total return before incentive fees (rebate) (2) -5.78 % -4.84 % -5.06 % -5.42 % -5.33 % -4.70 % Total return after incentive fees (rebate) (2) -5.78 % -4.84 % -5.06 % -5.42 % -5.33 % -4.70 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. (5) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees are included in the total return. Equinox Frontier Diversified Fund Equinox Frontier Masters Fund Equinox Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 3 Class 1a Class 2a Class 3a Per unit operating performance (1) Net asset value, March 31, 2016 $ 118.43 $ 133.44 $ 123.50 $ 119.01 $ 134.07 $ 124.59 $ 129.50 $ 129.53 $ 92.55 $ 104.16 $ 104.89 Net operating results: Interest income 0.26 0.29 0.27 0.21 0.23 0.22 0.16 0.16 0.11 0.13 0.13 Expenses (2.21 ) (1.52 ) (1.41 ) (2.12 ) (1.68 ) (1.56 ) (1.07 ) (1.06 ) (1.09 ) (0.86 ) (0.86 ) Net gain/(loss) on investments, net of non-controlling interests 1.58 1.40 1.37 2.75 2.98 2.84 1.96 1.82 1.39 1.83 1.46 Net income/(loss) (0.37 ) 0.17 0.23 0.84 1.54 1.50 1.05 0.92 0.40 1.10 0.73 Net asset value, June 30, 2016 $ 118.06 $ 133.61 $ 123.73 $ 119.85 $ 135.61 $ 126.09 $ 130.55 $ 130.45 $ 92.95 $ 105.26 $ 105.62 Ratios to average net assets (3) Net investment income/(loss) -6.08 % -3.07 % -3.07 % -6.51 % -4.27 % -4.27 % -2.73 % -2.73 % -4.15 % -2.73 % -2.73 % Expenses before incentive fees (rebate) (4)(5) 6.74 % 3.74 % 3.74 % 7.16 % 4.92 % 4.92 % 3.22 % 3.22 % 4.64 % 3.22 % 3.22 % Expenses after incentive fees (rebate) (4)(5) 6.97 % 3.97 % 3.97 % 7.24 % 5.00 % 5.00 % 3.22 % 3.22 % 4.64 % 3.22 % 3.22 % Total return before incentive fees (rebate) (2) -0.08 % 0.36 % 0.42 % 0.79 % 1.23 % 1.28 % 0.81 % 0.71 % 0.43 % 1.06 % 0.70 % Total return after incentive fees (rebate) (2) -0.31 % 0.13 % 0.19 % 0.71 % 1.15 % 1.20 % 0.81 % 0.71 % 0.43 % 1.06 % 0.70 % Equinox Frontier Balanced Fund Equinox Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, March 31, 2016 $ 132.18 $ 138.97 $ 186.92 $ 161.49 $ 160.96 $ 99.40 $ 104.50 $ 138.68 Net operating results: Interest income 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 Expenses (2.15 ) (1.26 ) (1.70 ) (1.47 ) (1.46 ) (1.47 ) (0.82 ) (1.09 ) Net gain/(loss) on investments, net of non-controlling interests 0.46 0.51 0.69 0.91 0.90 0.19 0.25 0.33 Net income/(loss) (1.68 ) (0.74 ) (1.00 ) (0.55 ) (0.55 ) (1.28 ) (0.57 ) (0.76 ) Net asset value, June 30, 2016 $ 130.50 $ 138.23 $ 185.92 $ 160.94 $ 160.41 $ 98.12 $ 103.93 $ 137.92 Ratios to average net assets (3) Net investment income/(loss) -4.93 % -1.97 % -1.97 % -1.97 % -1.97 % -5.97 % -2.98 % -2.98 % Expenses before incentive fees (rebate) (4)(5) 4.39 % 1.44 % 1.44 % 1.44 % 1.44 % 5.85 % 2.85 % 2.85 % Expenses after incentive fees (rebate) (4)(5) 4.96 % 2.00 % 2.00 % 2.00 % 2.00 % 5.97 % 2.98 % 2.98 % Total return before incentive fees (rebate) (2) -0.71 % 0.03 % 0.03 % 0.22 % 0.22 % -1.16 % -0.42 % -0.43 % Total return after incentive fees (rebate) (2) -1.27 % -0.53 % -0.53 % -0.34 % -0.34 % -1.29 % -0.55 % -0.55 % Equinox Frontier Winton Fund Equinox Frontier Heritage Fund Class 1 Class 1AP Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, March 31, 2016 $ 169.18 $ 177.86 $ 225.82 $ 130.76 $ 137.47 $ 183.97 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (2.79 ) (1.65 ) (2.09 ) (1.84 ) (0.95 ) (1.27 ) Net gain/(loss) on investments, net of non-controlling interests 5.14 5.47 6.94 0.85 0.93 1.24 Net income/(loss) 2.35 3.82 4.85 (0.99 ) (0.02 ) (0.03 ) Net asset value, June 30, 2016 $ 171.53 $ 181.68 $ 230.67 $ 129.77 $ 137.45 $ 183.94 Ratios to average net assets (3) Net investment income/(loss) -6.80 % -3.80 % -3.80 % -5.86 % -2.86 % -2.86 % Expenses before incentive fees (rebate) (4)(5) 6.80 % 3.80 % 3.80 % 5.86 % 2.86 % 2.86 % Expenses after incentive fees (rebate) (4)(5) 6.80 % 3.80 % 3.80 % 5.86 % 2.86 % 2.86 % Total return before incentive fees (rebate) (2) 1.39 % 2.15 % 2.15 % -0.76 % -0.01 % -0.02 % Total return after incentive fees (rebate) (2) 1.39 % 2.15 % 2.15 % -0.76 % -0.01 % -0.02 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. (5) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees are included in the total return. Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 1a Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, December 31, 2016 $ 116.43 $ 132.94 $ 123.27 $ 112.80 $ 128.78 $ 119.89 $ 92.78 $ 129.56 $ 105.67 $ 130.80 $ 107.50 Net operating results: Interest income 0.22 0.25 0.23 0.41 0.47 0.44 0.01 0.00 0.00 0.00 0.00 Expenses (4.50 ) (2.34 ) (2.17 ) (4.88 ) (4.15 ) (3.86 ) (2.00 ) (1.35 ) (1.11 ) (1.36 ) (1.12 ) Net gain/(loss) on investments, net of non-controlling interests (0.42 ) (2.23 ) (1.91 ) (5.94 ) (7.20 ) (6.57 ) (7.16 ) (11.86 ) (9.17 ) (7.38 ) (6.62 ) Net income/(loss) (4.70 ) (4.32 ) (3.85 ) (10.41 ) (10.88 ) (9.99 ) (9.15 ) (13.21 ) (10.28 ) (8.74 ) (7.74 ) Net asset value, June 30, 2017 $ 111.73 $ 128.62 $ 119.42 $ 102.39 $ 117.90 $ 109.90 $ 83.63 $ 116.35 $ 95.39 $ 122.06 $ 99.76 Ratios to average net assets (3) Net investment income/(loss) -7.39 % -3.22 % -3.22 % -7.97 % -5.72 % -5.72 % -5.40 % -3.21 % -3.21 % -3.21 % -3.21 % Expenses before incentive fees (rebate) (4)(5) 7.87 % 3.70 % 3.70 % 8.70 % 6.45 % 6.45 % 6.52 % 4.33 % 4.33 % 4.33 % 4.33 % Expenses after incentive fees (rebate) (4)(5) 7.75 % 3.58 % 3.58 % 8.70 % 6.45 % 6.45 % 5.40 % 3.21 % 3.21 % 3.21 % 3.21 % Total return before incentive fees (rebate) (2) -4.15 % -3.37 % -3.24 % -9.23 % -8.45 % -8.33 % -10.98 % -11.32 % -10.85 % -7.80 % -8.32 % Total return after incentive fees (rebate) (2) -4.04 % -3.25 % -3.12 % -9.23 % -8.45 % -8.33 % -9.86 % -10.20 % -9.73 % -6.68 % -7.20 % Frontier Balanced Fund Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2016 $ 134.80 $ 144.97 $ 194.99 $ 169.05 $ 168.49 $ 94.06 $ 101.16 $ 134.25 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (4.54 ) (2.73 ) (3.68 ) (3.20 ) (3.18 ) (2.92 ) (1.73 ) (2.30 ) Net gain/(loss) on investments, net of non-controlling interests (0.42 ) (0.53 ) (0.69 ) (0.08 ) (0.09 ) (12.35 ) (13.53 ) (17.84 ) Net income/(loss) (4.96 ) (3.26 ) (4.37 ) (3.28 ) (3.27 ) (15.27 ) (15.26 ) (20.14 ) Net asset value, June 30, 2017 $ 129.84 $ 141.71 $ 190.62 $ 165.77 $ 165.22 $ 78.79 $ 85.90 $ 114.11 Ratios to average net assets (3) Net investment income/(loss) -6.69 % -3.72 % -3.72 % -3.72 % -3.72 % -6.58 % -3.61 % -3.61 % Expenses before incentive fees (rebate) (4)(5) 6.69 % 3.72 % 3.72 % 3.72 % 3.72 % 6.58 % 3.61 % 3.61 % Expenses after incentive fees (rebate) (4)(5) 6.69 % 3.72 % 3.72 % 3.72 % 3.72 % 6.58 % 3.61 % 3.61 % Total return before incentive fees (rebate) (2) -3.68 % -2.25 % -2.24 % -1.94 % -1.94 % -16.23 % -15.09 % -15.00 % Total return after incentive fees (rebate) (2) -3.68 % -2.25 % -2.24 % -1.94 % -1.94 % -16.23 % -15.09 % -15.00 % Frontier Winton Fund Frontier Heritage Fund Class 1 Class 1AP Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2016 $ 154.51 $ 166.17 $ 210.98 $ 119.58 $ 128.60 $ 172.10 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (6.43 ) (4.54 ) (5.77 ) (4.57 ) (3.10 ) (4.16 ) Net gain/(loss) on investments, net of non-controlling interests (3.99 ) (4.37 ) (5.55 ) (6.03 ) (6.56 ) (8.76 ) Net income/(loss) (10.42 ) (8.91 ) (11.32 ) (10.60 ) (9.66 ) (12.92 ) Net asset value, June 30, 2017 $ 144.09 $ 157.26 $ 199.66 $ 108.98 $ 118.94 $ 159.18 Ratios to average net assets (3) Net investment income/(loss) -8.71 % -5.75 % -5.75 % -8.00 % -5.03 % -5.03 % Expenses before incentive fees (rebate) (4)(5) 8.88 % 5.91 % 5.91 % 8.05 % 5.08 % 5.08 % Expenses after incentive fees (rebate) (4)(5) 8.71 % 5.75 % 5.75 % 8.00 % 5.03 % 5.03 % Total return before incentive fees (rebate) (2) -6.91 % -5.53 % -5.53 % -8.92 % -7.56 % -7.56 % Total return after incentive fees (rebate) (2) -6.74 % -5.36 % -5.37 % -8.86 % -7.51 % -7.51 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. (5) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees are included in the total return. Equinox Frontier Diversified Fund Equinox Frontier Masters Fund Equinox Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 3 Class 1a Class 2a Class 3a Per unit operating performance (1) Net asset value, December 31, 2015 $ 115.52 $ 129.60 $ 119.87 $ 112.87 $ 126.60 $ 117.57 $ 132.10 $ 132.14 $ 94.76 $ 106.19 $ 106.86 Net operating results: Interest income 0.57 0.64 0.59 0.51 0.57 0.53 0.40 0.40 0.29 0.32 0.33 Expenses (6.16 ) (4.96 ) (4.58 ) (5.56 ) (4.79 ) (4.44 ) (4.52 ) (4.50 ) (4.07 ) (3.63 ) (3.64 ) Net gain/(loss) on investments, net of non-controlling interests 8.13 8.33 7.85 12.03 13.23 12.43 2.57 2.41 1.97 2.38 2.06 Net income/(loss) 2.54 4.01 3.86 6.98 9.01 8.52 (1.55 ) (1.69 ) (1.81 ) (0.93 ) (1.24 ) Net asset value, June 30, 2016 $ 118.06 $ 133.61 $ 123.73 $ 119.85 $ 135.61 $ 126.09 $ 130.55 $ 130.45 $ 92.95 $ 105.26 $ 105.62 Ratios to average net assets (3) Net investment income/(loss) -7.66 % -4.70 % -4.70 % -7.56 % -5.31 % -5.31 % -5.04 % -5.04 % -6.82 % -5.04 % -4.96 % Expenses before incentive fees (rebate) (4)(5) 6.83 % 3.87 % 3.87 % 7.31 % 5.06 % 5.06 % 4.54 % 4.54 % 6.32 % 4.54 % 4.38 % Expenses after incentive fees (rebate) (4)(5) 8.63 % 5.66 % 5.66 % 8.43 % 6.18 % 6.18 % 5.65 % 5.65 % 7.43 % 5.65 % 5.57 % Total return before incentive fees (rebate) (2) 3.99 % 4.89 % 5.02 % 7.30 % 8.24 % 8.37 % -0.07 % -0.17 % -0.80 % 0.23 % 0.03 % Total return after incentive fees (rebate) (2) 2.20 % 3.09 % 3.22 % 6.18 % 7.12 % 7.25 % -1.17 % -1.28 % -1.91 % -0.88 % -1.16 % Equinox Frontier Balanced Fund Equinox Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2015 $ 128.03 $ 133.59 $ 179.69 $ 154.88 $ 154.37 $ 90.35 $ 94.28 $ 125.11 Net operating results: Interest income 0.02 0.02 0.03 0.03 0.01 0.00 0.00 0.00 Expenses (4.72 ) (4.27 ) (5.74 ) (4.96 ) (4.94 ) (3.05 ) (1.71 ) (2.27 ) Net gain/(loss) on investments, net of non-controlling interests 7.17 8.89 11.94 10.98 10.98 10.82 11.36 15.08 Net income/(loss) 2.47 4.64 6.23 6.06 6.04 7.77 9.65 12.81 Net asset value, June 30, 2016 $ 130.50 $ 138.23 $ 185.92 $ 160.94 $ 160.41 $ 98.12 $ 103.93 $ 137.92 Ratios to average net assets (3) Net investment income/(loss) -5.57 % -4.56 % -4.56 % -4.56 % -4.56 % -6.13 % -3.12 % -3.12 % Expenses before incentive fees (rebate) (4)(5) 4.02 % 3.00 % 3.00 % 3.00 % 3.00 % 5.84 % 2.83 % 2.83 % Expenses after incentive fees (rebate) (4)(5) 5.60 % 4.59 % 4.59 % 4.59 % 4.59 % 6.13 % 3.12 % 3.12 % Total return before incentive fees (rebate) (2) 3.52 % 5.06 % 5.06 % 5.50 % 5.50 % 8.90 % 10.53 % 10.53 % Total return after incentive fees (rebate) (2) 1.93 % 3.47 % 3.47 % 3.91 % 3.91 % 8.60 % 10.24 % 10.24 % Equinox Frontier Winton Fund Equinox Frontier Heritage Fund Class 1 Class 1AP Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2015 $ 164.17 $ 171.31 $ 217.51 $ 124.27 $ 129.67 $ 173.54 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (6.16 ) (3.84 ) (4.87 ) (3.86 ) (2.03 ) (2.72 ) Net gain/(loss) on investments, net of non-controlling interests 13.52 14.21 18.03 9.36 9.81 13.12 Net income/(loss) 7.36 10.37 13.16 5.50 7.78 10.40 Net asset value, June 30, 2016 $ 171.53 $ 181.68 $ 230.67 $ 129.77 $ 137.45 $ 183.94 Ratios to average net assets (3) Net investment income/(loss) -7.09 % -4.08 % -4.08 % -5.94 % -2.94 % -2.94 % Expenses before incentive fees (rebate) (4)(5) 6.81 % 3.81 % 3.81 % 5.87 % 2.86 % 2.86 % Expenses after incentive fees (rebate) (4)(5) 7.09 % 4.08 % 4.08 % 5.94 % 2.94 % 2.94 % Total return before incentive fees (rebate) (2) 4.76 % 6.33 % 6.33 % 4.50 % 6.08 % 6.07 % Total return after incentive fees (rebate) (2) 4.48 % 6.05 % 6.05 % 4.43 % 6.00 % 5.99 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. (5) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees are included in the total return. |
Derivative Instruments and Hedg
Derivative Instruments and Hedging Activities | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
Derivative Instruments and Hedging Activities | 8. Derivative Instruments and Hedging Activities The Trust’s primary business is to engage in speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts). The Trust does not enter into or hold positions for hedging purposes as defined under ASC 815. The detail of the fair value of the Trust’s derivatives by instrument types as of June 30, 2017 and December 31, 2016 is included in the Consolidated Condensed Schedules of Investments. See Note 4 for further disclosure related to the Trust’s positions in swap contracts. For the three and six months ended June 30, 2017 and 2016, the monthly average of forwards, options and futures contracts bought was approximately 8,527 and 5,250, respectively and sold was approximately 8,355 and 14,939, respectively. The following tables summarize the trading revenues for the three and six months ended June 30, 2017 and 2016 by sector: Realized Trading Revenue from Futures, Forwards and Options (1) Type of contract Metals $ (570,768 ) Currencies (2,143,294 ) Energies (950,808 ) Agriculturals 1,082,959 Interest rates (1,564,619 ) Stock indices 2,025,166 Realized trading income/(loss) (1) $ (2,121,364 ) Realized Trading Revenue from Futures, Forwards and Options (1) Type of contract Metals $ (1,284,897 ) Currencies (1,824,831 ) Energies (1,767,386 ) Agriculturals 480,386 Interest rates (2,391,866 ) Stock indices 6,771,415 Realized trading income/(loss) (1) $ (17,179 ) Realized Trading Revenue from Futures, Forwards and Options (1) Type of contract Metals $ (319,642 ) Currencies (436,173 ) Energies (1,720,330 ) Agriculturals (780,272 ) Interest rates 2,347,106 Stock indices (1,982,009 ) Realized trading income/(loss) (1) $ (2,891,319 ) Realized Trading Revenue from Futures, Forwards and Options (1) Type of contract Metals $ (1,714,954 ) Currencies (852,658 ) Energies 531,276 Agriculturals (725,395 ) Interest rates 10,802,304 Stock indices (4,769,138 ) Realized trading income/(loss) (1) $ 3,271,436 (1) Amounts recorded in the Statements of Operations under Net realized gain/(loss) on futures, forwards, and options Net Change in Open Trade Equity from Futures, Forwards and Options (2) Type of contract Metals $ (198,389 ) Currencies (239,580 ) Energies (22,496 ) Agriculturals (577,434 ) Interest rates (144,507 ) Stock indices 49,566 Change in unrealized trading income/(loss) (2) $ (1,132,840 ) Net Change in Open Trade Equity from Futures, Forwards and Options (2) Type of contract Metals $ (187,544 ) Currencies (994,318 ) Energies (318,845 ) Agriculturals (345,693 ) Interest rates (938,210 ) Stock indices (86,217 ) Change in unrealized trading income/(loss) (2) $ (2,870,827 ) Net Change in Open Trade Equity from Futures, Forwards and Options (2) Type of contract Metals $ 347,970 Currencies 437,092 Energies 177,917 Agriculturals 593,390 Interest rates 2,716,120 Stock indices 653,949 Change in unrealized trading income/(loss) (2) $ 4,926,438 Net Change in Open Trade Equity from Futures, Forwards and Options (2) Type of contract Metals $ 2,453,727 Currencies (1,814,632 ) Energies 2,750,280 Agriculturals 567,997 Interest rates 5,914,474 Stock indices 788,124 Change in unrealized trading income/(loss) (2) $ 10,659,970 (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 commission merchants (each, an “FCM”) are subject to master netting arrangements and collateral arrangements and meet the GAAP guidance to qualify for offset. A master netting arrangement with a counterparty creates a right of offset for amounts due to and from that same counterparty that is enforceable in the event of a default or bankruptcy. The Trust’s policy is to recognize amounts subject to master netting arrangements on a net basis on the consolidated statements of financial condition. The following tables present gross and net information about the Trust’s assets and liabilities subject the master netting arrangements as disclosed on the consolidated statements of financial condition as of June 30, 2017 and December 31, 2016: As of June 30 2017 Gross Amounts of recognized Derivative Assets Gross Amounts offset in the Statements of Financial Condition Net Amounts Presented in the Statements of Financial Condition Open Trade Equity/(Deficit) $ 699,001 $ (2,102,365 ) $ (1,403,364 ) Swap Contracts 36,020,244 — 36,020,244 Offsetting of Derivatives Assets and Liabilities As of December 31, 2016 Gross Amounts of recognized Derivative Assets Gross Amounts offset in the Statements of Financial Condition Net Amounts Presented in the Statements of Financial Condition Open Trade Equity/(Deficit) $ 2,998,612 $ (852,405 ) $ 2,146,207 Swap Contracts 40,189,178 — 40,189,178 |
Series Of Frontier Fund [Member] | |
Derivative Instruments and Hedging Activities | 8. Derivative Instruments and Hedging Activities The Series’ primary business is to engage in speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts). The Series do not enter into or hold positions for hedging purposes as defined under ASC 815, Derivatives and Hedging The following tables summarize the monthly averages of forwards, options and futures contracts bought and sold for each respective Series of the Trust: For the Three Months Ended June 30, 2017 Monthly average contracts Bought Sold Frontier Balanced Fund 1,553 1,494 Frontier Select Fund 4,296 4,510 Frontier Winton Fund 2,460 2,301 For the Three Months Ended June 30, 2016 Monthly average contracts Bought Sold Frontier Long/Short Commodity Fund 10 4 Frontier Balanced Fund 699 755 Frontier Select Fund 1,081 1,052 For the Six Months Ended June 30, 2017 Monthly average contracts Bought Sold Frontier Balanced Fund 1,509 1,452 Frontier Select Fund 4,690 4,675 Frontier Winton Fund 2,327 2,229 For the Six Months Ended June 30, 2016 Monthly average contracts Bought Sold Frontier Long/Short Commodity Fund 10 4 Frontier Balanced Fund 1,793 1,844 Frontier Select Fund 1,653 1,561 The following tables summarize the trading revenues for the three and six months ended June 30, 2017 and 2016 by sector: Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended June 30, 2017 Frontier Balanced Frontier Select Frontier Winton Type of contract Fund Fund Fund Metals $ (63,053 ) $ (147,874 ) $ (359,840 ) Currencies (5,207 ) (421,861 ) (1,716,226 ) Energies 62,147 (323,598 ) (689,356 ) Agriculturals (64,480 ) 343,408 804,031 Interest rates (265,202 ) (248,354 ) (1,051,063 ) Stock indices 60,738 (70,118 ) 2,034,547 Realized trading income/(loss) (1) $ (275,058 ) $ (868,397 ) $ (977,909 ) Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended June 30, 2016 Frontier Frontier Balanced Frontier Select Frontier Winton Long/Short Type of contract Fund Fund Fund Commodity Fund Metals $ 5,695 $ (163,523 ) $ (126,926 ) $ (34,888 ) Currencies 151,844 (351,486 ) (236,530 ) — Energies (575,160 ) (317,683 ) (890,237 ) 62,750 Agriculturals (78,678 ) (82,341 ) (501,177 ) (118,076 ) Interest rates 1,771,240 (48,214 ) 624,080 — Stock indices (194,234 ) (433,894 ) (1,353,881 ) — Realized trading income/(loss) (1) $ 1,080,707 $ (1,397,141 ) $ (2,484,671 ) $ (90,214 ) Realized Trading Revenue from Futures, Forwards and Options for the Six Months Ended June 30, 2017 Frontier Balanced Frontier Select Frontier Winton Type of contract Fund Fund Fund Metals $ (77,540 ) $ (145,043 ) $ (1,062,314 ) Currencies (180,216 ) (126,404 ) (1,518,210 ) Energies 36,154 (516,253 ) (1,287,287 ) Agriculturals (253,991 ) 27,824 706,552 Interest rates (452,270 ) (768,438 ) (1,171,158 ) Stock indices 276,695 832,876 5,661,844 Realized trading income/(loss) (1) $ (651,169 ) $ (695,436 ) $ 1,329,426 Realized Trading Revenue from Futures, Forwards and Options for the Six Months Ended June 30, 2016 Frontier Frontier Balanced Frontier Select Frontier Winton Long/Short Type of contract Fund Fund Fund Commodity Fund Metals $ 35,815 $ (272,332 ) $ (1,443,549 ) $ (34,888 ) Currencies (203,648 ) (323,355 ) (325,654 ) — Energies (275,631 ) 739,601 4,556 62,750 Agriculturals (123,427 ) (221,835 ) (262,057 ) (118,076 ) Interest rates 5,401,969 1,303,391 4,096,944 — Stock indices (2,136,813 ) (606,137 ) (2,026,188 ) — Realized trading income/(loss) (1) $ 2,698,265 $ 619,333 $ 44,052 $ (90,214 ) (1) Amounts recorded in the Statements of Operations under Net realized gain/(loss) on futures, forwards, and options Unrealized Trading Revenue from Futures, Forwards and Options for the Three Months Ended June 30, 2017 Equinox Frontier Equinox Frontier Equinox Frontier Type of contract Balanced Fund Select Fund Winton Fund Metals $ (52,828 ) $ (9,063 ) $ (136,499 ) Currencies (96,958 ) (262,703 ) 120,082 Energies 10,716 104,687 (137,899 ) Agriculturals (153,701 ) (146,505 ) (277,228 ) Interest rates 85,379 (63,344 ) (166,541 ) Stock indices (42,702 ) 502,819 (410,552 ) Change in unrealized trading income/(loss) (1) $ (250,095 ) $ 125,890 $ (1,008,635 ) Unrealized Trading Revenue from Futures, Forwards and Options for the Three Months Ended June 30, 2016 Frontier Frontier Balanced Frontier Select Frontier Winton Long/Short Type of contract Fund Fund Fund Commodity Fund Metals $ (259 ) $ 22,451 $ 285,672 $ 40,106 Currencies 245,794 605,374 1,879,078 89,831 Energies (137,957 ) 70,322 (65,121 ) 310,673 Agriculturals (206 ) 71,893 257,839 263,864 Interest rates (34,990 ) 859,887 1,884,744 6,479 Stock indices 412,170 (31,214 ) 290,683 (17,690 ) Change in unrealized trading income/(loss) (1) $ 484,552 $ 1,598,713 $ 4,532,895 $ 693,263 Unrealized Trading Revenue from Futures, Forwards and Options for the Six Months Ended June 30, 2017 Equinox Frontier Equinox Frontier Equinox Frontier Type of contract Balanced Fund Select Fund Winton Fund Metals $ (151,669 ) $ (51,351 ) $ 15,476 Currencies (1,087 ) (370,287 ) (622,946 ) Energies 3,323 (146,125 ) (176,044 ) Agriculturals (156,672 ) 108,409 (297,429 ) Interest rates 6,812 (296,328 ) (648,693 ) Stock indices (19,904 ) 609,833 (676,146 ) Change in unrealized trading income/(loss) (1) $ (319,198 ) $ (145,848 ) $ (2,405,781 ) Unrealized Trading Revenue from Futures, Forwards and Options for the Six Months Ended June 30, 2016 Frontier Frontier Balanced Frontier Select Frontier Winton Long/Short Type of contract Fund Fund Fund Commodity Fund Metals $ (33,002 ) $ (175,960 ) $ (204,565 ) $ 40,106 Currencies (320,038 ) 751,392 1,716,803 89,831 Energies 109,582 (569,034 ) (190,339 ) 310,673 Agriculturals 37,675 82,453 69,760 263,864 Interest rates 246,788 1,335,188 3,111,510 6,479 Stock indices 425,907 170,324 105,880 (17,690 ) Change in unrealized trading income/(loss) (1) $ 466,912 $ 1,594,363 $ 4,609,049 $ 693,263 (1) Amounts recorded in the Statements of Operations under Net change in open trade equity/(deficit) Certain financial instruments and derivative instruments are eligible for offset in the statements of financial condition under GAAP. The Series’ open trade equity/(deficit), options written, and receivables from futures commissions merchants (each, an “FCM”) are subject to master netting arrangements and collateral arrangements and meet the GAAP guidance to qualify for offset. A master netting arrangement with a counterparty creates a right of offset for amounts due to and from that same counterparty that is enforceable in the event of a default or bankruptcy. The Series’ policy is to recognize amounts subject to master netting arrangements on a net basis on the statements of financial condition. The following tables present gross and net information about the Series’ assets and liabilities subject to master netting arrangements as disclosed on the statements of financial condition as of June 30, 2017 and December 31, 2016. As of June 30, 2017 Net Amounts Gross Amounts Presented in the Gross Amounts offset in the Statements of of recognized Statements of Financial Derivative Assets Financial Condition Condition Equinox Frontier Balanced Fund Open Trade Equity/(Deficit) $ 228,480 $ (368,785 ) $ (140,305 ) Swap Contracts 19,003,366 — 19,003,366 Equinox Frontier Diversified Fund Swap Contracts $ 8,640,202 $ — $ 8,640,202 Equinox Frontier Long/Short Commodity Fund Swap Contracts $ 609,989 $ — $ 609,989 Equinox Frontier Heritage Fund Swap Contracts $ 7,766,687 $ — $ 7,766,687 Equinox Frontier Winton Fund Open Trade Equity/(Deficit) $ 470,521 $ (1,733,580 ) $ (1,263,059 ) As of December 31, 2016 Net Amounts Gross Amounts Presented in the Gross Amounts offset in the Statements of of recognized Statements of Financial Derivative Assets Financial Condition Condition Frontier Balanced Fund Open Trade Equity/(Deficit) $ 515,659 $ (277,998 ) $ 237,661 Swap Contracts 18,939,450 18,939,450 Frontier Diversified Fund Swap Contracts $ 8,637,847 $ 8,637,847 Frontier Long/Short Commodity Fund Swap Contracts $ 4,220,468 $ 4,220,468 Frontier Heritage Fund Swap Contracts $ 8,391,414 $ 8,391,414 Frontier Select Fund Open Trade Equity/(Deficit) $ 1,136,504 $ (450,482 ) $ 686,022 Frontier Winton Fund Open Trade Equity/(Deficit) $ 2,393,850 $ (1,171,326 ) $ 1,222,524 |
Trading Activities and Related
Trading Activities and Related Risks | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
Trading Activities and Related Risks | 9. Trading Activities and Related Risks The purchase and sale of futures and options on futures contracts require margin deposits with FCMs. Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. A customer’s cash and other property (for example, U.S. treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. The term “off-balance sheet risk” refers to an unrecorded potential liability that, even though it does not appear on the statements of financial condition, may result in future obligation or loss in excess of the amount paid by the Series for a particular investment. Each Trading Company and Galaxy Plus entity expects to trade in futures, options, forward and swap contracts and will therefore be a party to financial instruments with elements of off-balance sheet market and credit risk. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by market conditions, such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures positions held by a Trading Company or Galaxy Plus entity in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company or Galaxy Plus entity are unable to offset such futures interests positions, such Trading Company or Galaxy Plus entity could lose all of its assets and the holders of Units of such Series would realize a 100% loss. The Managing Owner will seek to minimize market risk through real-time monitoring of open positions and the level of diversification of each Trading Advisor’s portfolio. It is anticipated that any Trading Advisor’s margin-to-equity ratio will typically not exceed approximately 35% although the actual ratio could be higher or lower from time to time. In addition to market risk, trading futures, forward and swap contracts entails credit risk that a counterparty will not be able to meet its obligations to a Trading Company or Galaxy Plus entity. The counterparty for futures contracts traded in the United States and on most foreign exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases where the clearinghouse is not backed by the clearing members, like some foreign exchanges, it is normally backed by a consortium of banks or other financial institutions. Some non-U.S. exchanges, in contrast to U.S. exchanges, are principals’ markets in which performance is the responsibility only of the individual counterparty with whom the Trading Company has entered into the transaction, and not of the exchange or clearing corporation. In these kinds of markets, there is risk of bankruptcy or other failure or refusal to perform by the counterparty. In the case of forward contracts traded on the interbank market and swaps, neither is traded on exchanges. The counterparty is generally a single bank or other financial institution, rather than a group of financial institutions; thus there may be a greater counterparty credit risk. The Managing Owner expects the Trading Advisors to trade only with those counterparties which it believes to be creditworthy. All positions of each Trading Company will be valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to any Trading Company. The Managing Owner has established procedures to actively monitor and minimize market and credit risks. The Limited Owners bear the risk of loss only to the extent of the market value of their respective investments and, in certain specific circumstances, distributions and redemptions received. |
Series Of Frontier Fund [Member] | |
Trading Activities and Related Risks | 9. Trading Activities and Related Risks The purchase and sale of futures and options on futures contracts require margin deposits with FCMs. Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act, as amended (the “Commodity Exchange Act”) requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. A customer’s cash and other property (for example, U.S. treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. The term “off-balance sheet risk” refers to an unrecorded potential liability that, even though it does not appear on the statements of financial condition, may result in future obligation or loss in excess of the amount paid by the Series for a particular investment. Each Trading Company expects to trade in futures, options, forward and swap contracts and will therefore be a party to financial instruments with elements of off-balance sheet market and credit risk. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by market conditions, such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures positions held by a Trading Company in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company are unable to offset such futures interests positions, such Trading Company could lose all of its assets and the holders of Units of such Series would realize a 100% loss. The Managing Owner will seek to minimize market risk through real-time monitoring of open positions and the level of diversification of each Trading Advisor’s portfolio. It is anticipated that any Trading Advisor’s margin-to-equity ratio will typically not exceed approximately 35% although the actual ratio could be higher or lower from time to time. In addition to market risk, trading futures, forward and swap contracts entails credit risk that a counterparty will not be able to meet its obligations to a Trading Company. The counterparty for futures contracts traded in the United States and on most foreign exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases where the clearinghouse is not backed by the clearing members, like some foreign exchanges, it is normally backed by a consortium of banks or other financial institutions. Some non-U.S. exchanges, in contrast to U.S. exchanges, are principals’ markets in which performance is the responsibility only of the individual counterparty with whom the Trading Company has entered into the transaction, and not of the exchange or clearing corporation. In these kinds of markets, there is risk of bankruptcy or other failure or refusal to perform by the counterparty. In the case of forward contracts traded on the interbank market and swaps, neither is traded on exchanges. The counterparty is generally a single bank or other financial institution, rather than a group of financial institutions; thus there may be a greater counterparty credit risk. The Managing Owner expects the Trading Advisors to trade only with those counterparties which it believes to be creditworthy. All positions of each Trading Company will be valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to any Trading Company. The Managing Owner has established procedures to actively monitor and minimize market and credit risks. The Limited Owners bear the risk of loss only to the extent of the market value of their respective investments and, in certain specific circumstances, distributions and redemptions received. |
Indemnifications and Guarantees
Indemnifications and Guarantees | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
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 Trust up to the amount of equity at risk with UBS Securities LLC. The Trust has not recorded any liability for the guarantees in the accompanying financial statements as it expects any possibility of losses to be remote. The Trust has guaranteed the obligations of the trading companies under the customer agreements with UBS Securities LLC as Clearing Broker. In the event that one Series of the Trust is unable to meet its obligations to UBS Securities LLC, the assets of the other Series will be available to UBS Securities LLC as part of the guarantee, but only to the extent of such Series’ pro rata allocation to the trading company. The Trust has not recorded any liability for the indemnifications in the accompanying financial statements as it expects any possibility of losses to be remote. |
Series Of Frontier Fund [Member] | |
Indemnifications and Guarantees | 10. Indemnifications and Guarantees noted in Management Discussion and Analysis The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence or bad faith. The Trust has had no prior claims or payments pursuant to these agreements. The Trust’s individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. However, based on experience the Trust expects the risk of loss to be remote. Maximum exposure is unfulfilled obligations of the Series up to the amount of equity at risk with UBS Securities LLC of the referenced Series as allocated from the Trading Company. The Series have not recorded any liability for the guarantees in the accompanying financial statements as it expects any possibility of losses to be remote. The Trust has guaranteed the obligations of the Trading Companies under the customer agreements with UBS Securities LLC as Clearing Broker. In the event that one Series of the Trust is unable to meet its obligations to UBS Securities LLC, the assets of the other Series will be available to UBS Securities LLC as part of the guarantee, but only to the extent of such Series’ pro rata allocation to the Trading Company. The Series have not recorded any liability for the indemnifications in the accompanying financial statement, as it expects any possibility of losses to be remote. As of September 2016, the Trust no longer uses UBS Securities LLC as a Clearing Broker. |
Subsequent Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
Subsequent Events | 11. Subsequent Events From July 1, 2017 through August 9, 2017, Frontier Balanced Fund, Frontier Diversified Fund, Frontier Heritage Fund, Frontier Long/Short Commodity Fund, Frontier Masters Fund, Frontier Select Fund and Frontier Winton Fund paid $3,596,000, $2,177,000, $429,000, $608,000, $450,000, $830,000 and $453,000, respectively, in redemptions. All the owner redemptions payable on the Statements of Financial Condition were paid on July 3, 2017. |
Series Of Frontier Fund [Member] | |
Subsequent Events | 11. Subsequent Events From July 1, 2017 through August 9, 2017, Frontier Balanced Fund, Frontier Diversified Fund, Frontier Heritage Fund, Frontier Long/Short Commodity Fund, Frontier Masters Fund, Frontier Select Fund, and Frontier Winton Fund paid $3,596,000, $2,177,000, $429,000, $608,000, $450,000, $830,000 and $453,000, respectively, in redemptions. All the owner redemptions payable on the Statements of Financial Condition were paid on July 3, 2017. |
Significant Accounting Polici19
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
Basis of Presentation | Basis of Presentation – |
Consolidation | Consolidation Galaxy Plus entities are co-mingled investment vehicles. In addition to the Trust, there are other non-affiliated investors in Galaxy Plus. Subscriptions and redemptions by these non-affiliated investors will have a direct impact on the Trust ownership percentage in Galaxy Plus. It is expected that ownership percentage will fluctuate (sometimes significantly) on a week by week basis which could also result in frequent changes in the consolidating Series. Such fluctuations make consolidating the financial statements of the Galaxy Plus entities both impractical and misleading. Non-consolidation of these Galaxy Plus entities presents a more useful financial statement for the readers. As such, management has decided that presenting Galaxy Plus entities on a non-consolidated basis as investments in other investments companies (a “fund of funds” approach) is appropriate and preferable to the users of these financial statements. Refer to Note 5 for additional disclosures related to these private investment companies. |
Change in Consolidation Method | Change in Consolidation Method |
Use of Estimates | Use of Estimates |
Cash and Cash Equivalents | Cash and Cash Equivalents |
Interest Income | Interest Income – |
U.S. Treasury Securities | U.S. Treasury Securities Fair Value Measurements and Disclosures (“ |
Receivable from Futures Commission Merchants | Receivable From Futures Commission Merchants |
Investment Transactions | Investment Transactions Balance Sheet (“ASC 210” Balance Sheet (Topic 210 Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest was recognized in the period earned and the instruments were marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the consolidated statements of operations. |
Purchase and Sales of Private Investment Companies | Purchase and Sales of Private Investment Companies |
Foreign Currency Transactions | Foreign Currency Transactions |
Allocation of Earnings | Allocation of Earnings Each Series allocates funds to an affiliated Trading Company, or Companies, of the Trust, or unaffiliated Galaxy Plus entity. Each Trading Company allocates all of its daily trading gains or losses to the Series in proportion to each Series’ ownership trading level interest in the Trading Company, adjusted on a daily basis (except for Trading Advisors and other investments such as Swaps that are directly allocated to a specific Series). Likewise, trading gains and losses earned and incurred by the Series through their investments in Galaxy Plus entities are allocated to those Series on a daily basis. The allocation of gains and losses in Galaxy Plus entities are based on each Series pro-rata shares of the trading level of that entity which is updated at the beginning of each month or more frequently if there is a subscription or redemption activity in the entity. The value of all open contracts and cash held at clearing brokers is similarly allocated to the Series in proportion to each Series’ funds allocated to the Trading Companies or Galaxy Plus entities. |
Investments and Swaps | Investments and Swaps |
Income Taxes | Income Taxes Income Taxes In the opinion of the Managing Owner, (i) the Trust is treated as a partnership for Federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, (ii) the Trust is not a publicly traded partnership treated as a corporation, and (iii) the discussion set forth in the Prospectus under the heading “U.S. Federal Income Tax Consequences” correctly summarizes the material Federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Series Units of the Trust. |
Fees and Expenses | Fees and Expenses |
Incentive Fee (rebate) | Incentive Fee (rebate) |
Service Fees | Service Fees These service fees are part of the offering costs of the Trust, which include registration and filing fees, legal and blue sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and enjoys the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. |
Pending Owner Additions | Pending Owner Additions |
Owner redemptions payable | Owner redemptions payable - |
Subsequent Events | Subsequent Events Subsequent Events |
Series Of Frontier Fund [Member] | |
Basis of Presentation | Basis of Presentation |
Consolidation | Consolidation Galaxy Plus entities are co-mingled investment vehicles. In addition to the Series, there are other non-affiliated investors in Galaxy Plus. Subscriptions and redemptions by these non-affiliated investors will have a direct impact on the Series ownership percentage in Galaxy Plus. It is expected that ownership percentage will fluctuate (sometimes significantly) on a week by week basis which could also result in frequent changes in the consolidating Series. Such fluctuations make consolidating the financial statements of the Galaxy Plus entities both impractical and misleading. Non-consolidation of these Galaxy Plus entities presents a more useful financial statement for the readers. As such, management has decided that presenting Galaxy Plus entities on a non-consolidated basis as investments in other investments companies (a “fund of funds” approach) is appropriate and preferable to the users of these financial statements. Refer to Note 5 for additional disclosures related to these private investment companies. As of June 30, 2017, the consolidated statement of financial condition of Frontier Balanced Fund included the assets and liabilities of its majority interest in Frontier Trading Company I, LLC and Frontier Trading Company XXXIV, LLC. For the six months ended June 30, 2017, the consolidated statement of operations of Frontier Balanced Fund included the earnings of its majority owned Trading Company listed above. As of June 30, 2017 the consolidated statement of financial condition of Frontier Long/Short Commodity Fund included the assets and liabilities of its majority owned Trading Company, Frontier Trading Company XXXVII, LLC. For the six months ended June 30, 2017, the consolidated statement of operations of Frontier Long/Short Commodity Fund included the earnings of its majority owned Trading Company listed above. As of June 30, 2017, the consolidated statement of financial condition of Frontier Diversified Fund included the assets and liabilities of its majority owned Frontier Trading Company XXXV, LLC. For the six months ended June 30, 2017, the consolidated statement of operations of Frontier Diversified Fund included the earnings of its majority owned Trading Company listed above. As of June 30, 2017, the consolidated statement of financial condition of Frontier Heritage Fund included the assets and liabilities of its majority owned Frontier Trading Company XXXIX, LLC. For the six months ended June 30, 2017, the consolidated statement of operations of Frontier Heritage Fund included the earnings of its majority owned Trading Company listed above. As of June 30, 2017 the consolidated statement of financial condition of Frontier Select Fund did not have majority interest in any Trading Company. For the six months ended June 30, 2017, the consolidated statement of operations of Frontier Select Fund included the earnings of Frontier Trading Company XV, LLC from January 1, 2017 to May 9, 2017. As of June 30, 2017, the consolidated statement of financial condition of Frontier Winton Fund included the assets and liabilities of its majority owned Frontier Trading Company II, LLC. For the six months ended June 30, 2017, the consolidated statement of operations of Frontier Winton Fund included the earnings of its majority owned Trading Company listed above. As of and for the six months ended June 30, 2017 Frontier Master Fund did not have a majority interest in any Trading Company. Each of the Series has invested in Frontier Trading Company XXXVIII, LLC on the same basis as its ownership in the cash pool. Frontier Trading Company XXXVIII, LLC’s assets, liabilities and earnings are allocated to all of the Series of the Trust based on their proportionate share of the cash pool. Each Series investment in the Frontier Trading Company XXXVIII, LLC is listed under Investments in unconsolidated trading companies, at fair value on the Statements of Financial Condition. |
Change in Consolidation Method | Change in Consolidation Method |
Use of Estimates | Use of Estimates— |
Cash and Cash Equivalents | Cash and Cash Equivalents— |
Interest Income | Interest Income— |
U.S. Treasury Securities | U.S. Treasury Securities— Fair Value Measurements and Disclosures (“ |
Receivable from Futures Commission Merchants | Receivable From Futures Commission Merchants |
Investment Transactions | Investment Transactions— Balance Sheet (“ASC 210” Balance Sheet (Topic 210 Any change in net unrealized gain or loss from the preceding period is reported in the statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest is recognized in the period earned and the instruments are marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the statements of operations. |
Purchase and Sales of Private Investment Companies | Purchase and Sales of Private Investment Companies— |
Foreign Currency Transactions | Foreign Currency Transactions— |
Allocation of Earnings | Allocation of Earnings— Each Series allocates funds to an affiliated Trading Company, or Companies, of the Trust, or Galaxy Plus. Each Trading Company allocates all of its daily trading gains or losses to the Series in proportion to each Series’ ownership trading level interest in the Trading Company, adjusted on a daily basis (except for Trading Advisors and other investments such as swaps that are directly allocated to a specific Series). Likewise, trading gains and losses earned and incurred by the Series through their investments in Galaxy Plus entities are allocated to those Series on a daily basis. The allocation of gains and losses in Galaxy Plus entities are based on each Series pro-rata shares of the trading level of that entity which is updated at the beginning of each month or more frequently if there is a subscription or redemption activity in the entity. The value of all open contracts and cash held at clearing brokers is similarly allocated to the Series in proportion to each Series’ funds allocated to the Trading Companies or Galaxy Plus entities. |
Investments and Swaps | Investments and Swaps |
Income Taxes | Income Taxes Income Taxes In the opinion of the Managing Owner, (i) the Trust, with respect to the Series, is treated as a partnership for federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, (ii) the Trust is not a publicly traded partnership treated as a corporation, and (iii) the discussion set forth in the Prospectus under the heading “U.S. Federal Income Tax Consequences” correctly summarizes the material federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Units of the Trust. |
Fees and Expenses | Fees and Expenses |
Incentive Fee (rebate) | Incentive Fee (rebate) |
Pending Owner Additions | Pending Owner Additions— |
Owner redemptions payable | Owner redemptions payable— |
Subsequent Events | Subsequent Events— |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
Financial Asset Portfolio, by Series, Measured at Fair Value on Recurring Basis | The following table summarizes the instruments that comprise the Trust financial asset portfolio, by Series, measured at fair value on a recurring basis as of June 30, 2017 and December 31, 2016 segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value. June 30, 2017 Level 1 Inputs Level 2 Inputs Level 3 Inputs Fair Value Open Trade Equity (Deficit) $ (1,357,830 ) $ (45,534 ) $ — $ (1,403,364 ) Swap Contracts — — 36,020,244 36,020,244 U.S. Treasury Securities 12,160,193 — — 12,160,193 Total December 31, 2016 Level 1 Inputs Level 2 Inputs Level 3 Inputs Fair Value Open Trade Equity (Deficit) $ 2,091,623 $ 54,584 $ — $ 2,146,207 Swap Contracts — — 40,189,178 40,189,178 U.S. Treasury Securities 42,757,604 — — 42,757,604 |
Change in Level 3 Assets Measured at Fair Value on Recurring Basis | The changes in Level 3 assets measured at fair value on a recurring basis are summarized in the following tables. Swaps For the Six Months ended June 30, 2017 Balance of recurring Level 3 assets as of January 1, 2017 $ 40,189,178 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized (568,884 ) Proceeds from collateral reduction (3,600,050 ) Purchase of investments — Sale of investments — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of June 30, 2017 $ 36,020,244 For the Year ended December 31, 2016 Balance of recurring Level 3 assets as of January 1, 2016 $ 40,136,065 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 53,113 Purchase of investments — Sale of investments — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2016 $ 40,189,178 |
Change in Unrealized Appreciation (Depreciation) included in Statements of Operations Attributable to Level 3 Investments | The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at June 30, 2017: Swap contracts $ (568,884 ) The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at December 31, 2016: Swap contracts $ 53,113 |
Series Of Frontier Fund [Member] | |
Financial Asset Portfolio, by Series, Measured at Fair Value on Recurring Basis | Each Series applies the practical expedient to its investments in private investment companies on an investment-by-investment basis, and consistently with the Series entire position in a particular investment, unless it is probable that the Series will sell a portion of an investment at an amount different from the net asset value of the investment. Total June 30, 2017 Level 1 Inputs Level 2 Inputs Level 3 Inputs Fair Value Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 2,517,782 $ 8,535 $ — $ 2,526,317 Swap Contracts — 8,640,202 8,640,202 U.S. Treasury Securities 4,015,228 — — 4,015,228 Frontier Masters Fund Investment in Unconsolidated Trading Companies 1,098,996 7,112 — 1,106,108 U.S. Treasury Securities 1,016,118 — — 1,016,118 Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 45,947 — — 45,947 Swap Contracts — — 609,989 609,989 U.S. Treasury Securities 223,860 — — 223,860 Frontier Balanced Fund Investment in Unconsolidated Trading Companies 2,676,735 17,071 — 2,693,806 Open Trade Equity (Deficit) (141,720 ) 1,415 — (140,305 ) Swap Contracts — — 19,003,366 19,003,366 U.S. Treasury Securities 1,854,791 — — 1,854,791 Frontier Select Fund Investment in Unconsolidated Trading Companies 76,478 — 2,844,388 2,920,866 U.S. Treasury Securities 372,609 — — 372,609 Frontier Winton Fund Investment in Unconsolidated Trading Companies 831,492 — — 831,492 Open Trade Equity (Deficit) (1,216,110 ) (46,949 ) — (1,263,059 ) U.S. Treasury Securities 4,051,108 — — 4,051,108 Frontier Heritage Fund Investment in Unconsolidated Trading Companies 1,187,890 9,245 1,197,135 Swap Contracts — — 7,766,687 7,766,687 U.S. Treasury Securities 626,479 — — 626,479 Total December 31, 2016 Level 1 Inputs Level 2 Inputs Level 3 Inputs Fair Value Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 4,188,662 $ 12,966 $ — $ 4,201,628 Swap Contracts — — 8,637,847 8,637,847 U.S. Treasury Securities 6,525,280 — — 6,525,280 Frontier Masters Fund Investment in Unconsolidated Trading Companies 6,667,632 10,474 — 6,678,106 U.S. Treasury Securities 4,313,843 — — 4,313,843 Frontier Long/Short Commodity Fund Swap Contracts — — 4,220,468 4,220,468 Frontier Balanced Fund Investment in Unconsolidated Trading Companies 5,998,541 (33,210 ) — 5,965,331 Open Trade Equity (Deficit) 288,647 (50,986 ) — 237,661 Swap Contracts — — 18,939,450 18,939,450 U.S. Treasury Securities 9,770,117 — — 9,770,117 Frontier Select Fund Investment in Unconsolidated Trading Companies 759,978 3,609 3,147,279 3,910,866 Open Trade Equity (Deficit) 679,310 6,712 — 686,022 U.S. Treasury Securities 2,912,611 — — 2,912,611 Frontier Winton Fund Investment in Unconsolidated Trading Companies 4,020,731 51,719 — 4,072,450 Open Trade Equity (Deficit) 1,123,666 98,858 — 1,222,524 U.S. Treasury Securities 15,533,863 — — 15,533,863 Frontier Heritage Fund Investment in Unconsolidated Trading Companies 2,735,614 9,026 — 2,744,640 Swap Contracts — — 8,391,414 8,391,414 U.S. Treasury Securities 3,701,890 — — 3,701,890 |
Change in Level 3 Assets Measured at Fair Value on Recurring Basis | During the six months ended June 30, 2017, all identified Level 3 assets were components of the Frontier Diversified Fund, Frontier Long/Short Commodity Fund, Frontier Balanced Fund, Frontier Select Fund, and Frontier Heritage Fund. For the Six Months Ended June 30, 2017 Swaps Frontier Long/Short Frontier Balanced Fund Commodity Fund Balance of recurring Level 3 assets as of January 1, 2017 $ 18,939,450 $ 4,220,468 Total gains or losses (realized/unrealized): Included in earnings-realized — — Included in earnings-unrealized 63,916 (10,429 ) Proceeds from collateral reduction — (3,600,050 ) Change in ownership allocation — — Transfers in and/or out of Level 3 — — Balance of recurring Level 3 assets as of June 30, 2017 $ 19,003,366 $ 609,989 Frontier Diversified Fund Frontier Heritage Fund Balance of recurring Level 3 assets as of January 1, 2017 $ 8,637,847 $ 8,391,414 Total gains or losses (realized/unrealized): Included in earnings-realized — — Included in earnings-unrealized 2,355 (624,727 ) Change in ownership allocation — — Transfers in and/or out of Level 3 — — Balance of recurring Level 3 assets as of June 30, 2017 $ 8,640,202 $ 7,766,687 For the Year Ended December 31, 2016 Swaps: Frontier Long/Short Frontier Frontier Diversified Fund Commodity Fund Balanced Fund Balance of recurring Level 3 assets as of January 1, 2016 $ 8,685,849 $ 4,332,428 $ 19,157,520 Total gains or losses (realized/unrealized): Included in earnings-realized — — — Included in earnings-unrealized (48,002 ) (111,960 ) (218,070 ) Change in ownership allocation — — — Transfers in and/or out of Level 3 — — — Balance of recurring Level 3 assets as of December 31, 2016 8,637,847 $ 4,220,468 $ 18,939,450 Frontier Heritage Fund Balance of recurring Level 3 assets as of January 1, 2016 $ 7,960,268 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 431,146 Change in ownership allocation — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2016 $ 8,391,414 Investments in Unconsolidated Trading Companies: Frontier Select Fund Balance of recurring Level 3 assets as of January 1, 2017 $ 3,147,279 Change in fair value of investments in unconsolidated trading companies — Change in ownership allocation (302,891 ) Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of June 30, 2017 $ 2,844,388 Investments in Unconsolidated Trading Companies: Frontier Select Fund Balance of recurring Level 3 assets as of January 1, 2016 $ 3,933,919 Change in fair value of investments in unconsolidated trading companies 368,596 Advance on unrealized Swap Appreciation (1,155,236 ) Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2016 $ 3,147,279 |
Change in Unrealized Appreciation (Depreciation) included in Statements of Operations Attributable to Level 3 Investments | The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at June 30, 2017: Frontier Long/Short Frontier Balanced Frontier Heritage Frontier Diversified Fund Commodity Fund Fund Fund Swap Contracts $ 2,355 $ (10,429 ) $ 63,916 $ (624,727 ) Frontier Select Fund Investments in Unconsolidated Trading Companies $ (302,891 ) The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at December 31, 2016: Frontier Frontier Long/Short Frontier Frontier Diversified Fund Commodity Fund Balanced Fund Heritage Fund Swap Contracts $ (48,002 ) $ (111,960 ) $ (218,070 ) $ 431,146 Frontier Select Fund Investments in Unconsolidated Trading Companies $ 368,596 |
Swaps (Tables)
Swaps (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
Trust, with Respect to Series, has Invested in Following Swap | The Trust had invested in the following swap contracts as of and for the six months ended June 30, 2017: Brevan Howard XXXIV Balanced select swap XXXV Diversified select swap XXXVII L/S select swap Total Return Swap Total Return Swap Total Return Swap Total Return Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $2,072,056 $13,373,629 $4,651,155 $653,610 Termination Date 3/26/2018 8/2/2018 8/2/2018 8/7/2018 Cash Collateral $5,986,000 $9,600,000 $3,400,000 $279,950 Swap Value $1,780,687 $9,403,366 $5,240,202 $330,039 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $0 $0 $0 $0 Change in Unrealized Gain/(Loss) ($624,727) $63,916 $2,355 ($10,429) Fair Value as of 3/31/2017 $7,766,687 $19,003,366 $8,640,202 $609,989 Advance on swap appreciation ($1,900,000) ($4,926,555) ($2,500,000) ($115,000) The Trust had invested in the following swap contracts as of and for the year ended December 31, 2016: Brevan Howard XXXIV Balanced Select Swap XXXV Diversified Select Swap XXXVII L/S Select Swap Total Return Swap Total Return Swap Total Return Swap Total Return Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $11,413,283 $22,580,043 $13,851,707 $1,877,692 Termination Date 3/26/2018 8/2/2018 8/2/2018 8/7/2018 Cash Collateral $5,986,000 $9,600,000 $3,400,000 $3,880,000 Swap Value $2,405,414 $9,339,450 $5,237,847 $340,468 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $0 $0 $0 $0 Change in Unrealized Gain/(Loss) $431,146 ($218,070) ($48,002) ($111,960) Fair Value as of 12/31/2016 $8,391,414 $18,939,450 $8,637,847 $4,220,468 Advance on swap appreciation ($1,900,000) ($4,926,555) ($2,500,000) ($115,000) |
Series Of Frontier Fund [Member] | |
Trust, with Respect to Series, has Invested in Following Swap | The Series have invested in the following swaps as of and for the six months ended June 30, 2017: Frontier Long/Short Commodity Frontier Balanced Fund Frontier Diversified Fund Fund Frontier Heritage Fund Total Return Swap Total Return Swap Total Return Swap Total Return Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $13,373,629 $4,651,155 $653,610 $2,072,056 Termination Date 8/2/2018 8/2/2018 8/7/2018 3/26/2018 Cash Collateral $9,600,000 $3,400,000 $279,950 $5,986,000 Swap Value $9,403,366 $5,240,202 $330,039 $1,780,687 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $0 $0 $0 $0 Change in Unrealized Gain/(Loss) $63,916 $2,355 ($10,429) ($624,727) Fair Value as of 6/30/2017 $19,003,366 $8,640,202 $609,989 $7,766,687 Advance on swap appreciation ($4,926,555) ($2,500,000) ($115,000) ($1,900,000) The Series have invested in the following swaps as of and for the year ended December 31, 2016: Frontier Long/Short Commodity Frontier Balanced Fund Frontier Diversified Fund Fund Frontier Heritage Fund Total Return Swap Total Return Swap Total Return Swap Total Return Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $22,580,043 $13,851,707 $1,877,692 $11,413,283 Termination Date 8/2/2018 8/2/2018 8/7/2018 3/26/2018 Cash Collateral $9,600,000 $3,400,000 $3,880,000 $5,986,000 Swap Value $9,339,450 $5,237,847 $340,468 $2,405,414 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $0 $0 $0 $0 Change in Unrealized Gain/(Loss) ($218,070) ($48,002) ($111,960) $431,146 Fair Value as of 12/31/2016 $18,939,450 $8,637,847 $4,220,468 $8,391,414 Advance on swap appreciation ($4,926,555) ($2,500,000) ($115,000) ($1,900,000) |
Investments in Unconsolidated22
Investments in Unconsolidated Trading Companies (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies | The following table summarizes each of the Trust’s investments in Private Investment Companies as of June 30, 2017 and December 31, 2016: As of June 30, 2017 As of December 31, 2016 Percentage of Percentage of Series Net Series Net Assets Invested Assets Invested in Private Investment in Private Investment Companies Fair Value Companies Fair Value Series Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 1.74 % $ 2,461,566 2.12 % $ 4,643,329 Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC 1.45 % 2,052,543 5.23 % 11,465,608 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC 2.82 % 3,990,704 2.98 % 6,526,957 Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 4.35 % 6,146,885 5.28 % 11,559,976 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 5.19 % 7,337,849 5.10 % 11,174,877 Galaxy Plus Fund - LRR Feeder Fund (522) LLC 1.92 % 2,717,928 3.46 % 7,580,702 Galaxy Plus Fund - QIM Feeder Fund (526) LLC 7.50 % 10,606,375 9.33 % 20,442,933 Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC 5.91 % 8,361,265 8.78 % 19,226,675 Galaxy Plus Fund - Quest Feeder Fund (517) LLC 0.41 % 572,587 1.78 % 3,899,040 Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC 1.77 % 2,495,885 5.11 % 11,197,020 Galaxy Plus Fund - TT Feeder Fund (531) LLC 3.92 % 5,536,364 — — Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 14.84 % 20,978,840 — — |
Equity in Earnings from Unconsolidated Trading Companies | The following table summarizes the Trust’s equity in earnings from each of Private Investment Companies for the six months ended June 30, 2017: Six Months Ended June 30, 2017 Six Months Ended June 30, 2016 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) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC $ (83,685 ) $ (636,904 ) $ 28,297 $ (692,292 ) $ — $ — $ — $ — Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC (166,385 ) (416,417 ) 624,463 41,661 (124,394 ) 231,630 1,589,980 1,697,216 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC (87,250 ) 241,203 (56,055 ) 97,898 — — — — Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (1,107,801 ) 2,788,186 1,239,617 2,920,002 (241,927 ) (706,903 ) 171,926 (776,904 ) Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (168,674 ) 1,725,922 (616,019 ) 941,229 — — — — Galaxy Plus Fund - LRR Feeder Fund (522) LLC (570,790 ) — (1,045,200 ) (1,615,990 ) (70,250 ) (429,324 ) 155,024 (344,550 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (1,731,202 ) 6,324,463 (698,534 ) 3,894,727 69,990 (11,251 ) (299,944 ) (241,205 ) Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC (289,593 ) 789,927 340,209 840,543 (57,711 ) 519,550 13,213 475,052 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (68,406 ) 2,476,474 (3,156,838 ) (748,770 ) (5,144 ) 2,461 63,010 60,327 Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC — — (1,045,438 ) (1,045,438 ) — — — — Galaxy Plus Fund - TT Feeder Fund (531) LLC (26,272 ) 455,907 (997,235 ) (567,600 ) — — — Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (304,329 ) (774,633 ) (1,212,236 ) (2,291,198 ) — — — — Total $ (4,604,387 ) $ 12,974,128 $ (6,594,969 ) $ 1,774,772 $ (429,436 ) $ (393,837 ) $ 1,693,209 $ 869,936 The following table summarizes each of the Trust’s equity in earnings from Private Investment Companies for the three months ended June 30, 2017: Thee Months Ended June 30, 2017 Three Months Ended June 30, 2016 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) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC $ (43,490 ) $ (360,324 ) $ (203,949 ) $ (607,763 ) $ — $ — $ — $ — Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC (78,010 ) (143,543 ) (62,813 ) (284,366 ) (124,394 ) 231,630 1,589,980 1,697,216 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC (35,149 ) 136,451 (51,240 ) 50,062 — — — — Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (359,641 ) 1,915,649 (341,693 ) 1,214,315 (241,927 ) (706,903 ) 171,926 (776,904 ) Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (80,271 ) 958,650 (1,127,955 ) (249,576 ) — — — — Galaxy Plus Fund - LRR Feeder Fund (522) LLC — — (1,103,885 ) (1,103,885 ) (70,250 ) (429,324 ) 155,024 (344,550 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (156,995 ) (182,145 ) 215,301 (123,839 ) 69,990 (11,251 ) (299,944 ) (241,205 ) Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC (121,432 ) 105,059 (11,858 ) (28,231 ) (57,711 ) 519,550 13,213 475,052 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (27,397 ) 1,910,426 (1,894,086 ) (11,057 ) (5,144 ) 2,461 63,010 60,327 Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC — — (334,584 ) (334,584 ) — — — — Galaxy Plus Fund - TT Feeder Fund (531) LLC (26,272 ) 455,907 (997,236 ) (567,601 ) — — — Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (272,608 ) (820,414 ) (1,247,592 ) (2,340,614 ) — — — — Total $ (1,201,265 ) $ 3,975,716 $ (7,161,590 ) $ (4,387,139 ) $ (429,436 ) $ (393,837 ) $ 1,693,209 $ 869,936 |
Financial Statements of Unconsolidated Trading Companies | The Trust’s investments in private investment companies have certain redemption and liquidity restrictions which are described in the following table: Redemptions Redemptions Liquidity Notice Period Permitted Restrictions Frontier Funds Multi-Strategy Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 24 hours Daily None Galaxy Plus Fund - LRR Feeder Fund (522) LLC 24 hours Daily None Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC 24 hours Daily None Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None Galaxy Plus Fund - TT Feeder Fund (531) LLC 24 hours Weekly None Option Trading Galaxy Plus Fund - Doherty Feeder Fund (528) LLC 24 hours Daily None |
Series Of Frontier Fund [Member] | |
Investments in Unconsolidated Trading Companies | The following table summarizes each of the Series’ investments in unconsolidated Trading and Private Investment Companies as of June 30, 2017 and December 31, 2016: As of June 30, 2017 As of December 31, 2016 Percentage of Percentage of Series Net Series Net Assets Invested Assets Invested in Unconsolidated in Unconsolidated Trading and Private Trading and Private Investment Companies Fair Value Investment Companies Fair Value Series Frontier Diversified Series — Frontier Trading Companies II and XXXVIII 9.46% $ 2,526,317 7.44% $ 4,201,628 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 2.51% 671,293 3.29% 1,856,786 Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC 3.30% 879,782 11.33% 6,399,628 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC 5.61% 1,496,938 4.27% 2,412,065 Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 5.06% 1,349,448 6.30% 3,558,715 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 6.87% 1,834,373 7.27% 4,103,564 Galaxy Plus Fund - LRR Feeder Fund (522) LLC 0.87% 232,038 1.95% 1,099,207 Galaxy Plus Fund - QIM Feeder Fund (526) LLC 14.76% 3,939,343 13.85% 7,819,114 Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC 11.63% 3,105,447 15.23% 8,600,401 Galaxy Plus Fund - Quest Feeder Fund (517) LLC 1.29% 343,540 5.31% 2,996,494 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 22.56% 6,021,231 — — Frontier Masters Series — Frontier Trading Companies II, XV and XXXVIII 8.33% $ 1,106,108 38.79% $ 6,678,106 Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC 6.62% 879,599 20.12% 3,455,090 Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 10.25% 1,361,781 12.81% 2,198,618 Galaxy Plus Fund - TT Feeder Fund (531) LLC 18.25% 2,423,689 — — Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24.56% 3,262,632 — — Frontier Long/Short Commodity Series — Frontier Trading Company XXXVIII 0.80% $ 45,947 — — Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC 5.12% 293,162 17.39% 1,610,890 Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 12.89% 737,988 17.40% 1,611,845 Galaxy Plus Fund - LRR Feeder Fund (522) LLC 31.27% 1,789,715 37.70% 3,492,407 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 26.29% 1,504,768 — — Frontier Balanced Series — Frontier Trading Companies II and XXXVIII 4.70% $ 2,693,806 7.25% $ 5,965,331 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 3.13% 1,790,273 3.39% 2,786,543 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC 4.35% 2,493,766 5.00% 4,114,892 Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 4.71% 2,697,668 5.09% 4,190,798 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 9.61% 5,503,476 8.59% 7,071,313 Galaxy Plus Fund - LRR Feeder Fund (522) LLC 1.22% 696,175 3.63% 2,989,088 Galaxy Plus Fund - QIM Feeder Fund (526) LLC 11.64% 6,667,032 15.34% 12,623,819 Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC 9.18% 5,255,818 12.91% 10,626,274 Galaxy Plus Fund - Quest Feeder Fund (517) LLC 0.40% 229,047 1.10% 902,546 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 17.79% 10,190,209 — — Frontier Select Series — Frontier Trading Companies XXXVIII and XXXIX 38.59% $ 2,920,866 24.33% $ 3,910,866 Galaxy Plus Fund - TT Feeder Fund (531) LLC 41.12% 3,112,675 — — Frontier Winton Fund Frontier Trading Company XXXVIII 3.45% $ 831,492 9.96% $ 4,072,450 Frontier Heritage Series — Frontier Trading Companies II and XXXVIII 17.92% $ 1,197,135 20.48% $ 2,744,640 |
Equity in Earnings from Unconsolidated Trading Companies | The following tables summarize each of the Series; equity in earnings from unconsolidated Trading and Private Investment Companies for six and three months ended June 30, 2017 and 2016. Six Months Ended June 30, 2017 Six Months Ended June, 2016 Trading Commissions Realized Gain/(Loss) Change in Unrealized Gain/(Loss) Net Income (Loss) Trading Commissions Realized Gain/(Loss) Change in Unrealized Gain/(Loss) Net Income (Loss) Frontier Balanced Fund — Frontier Trading Company I, LLC $ — — — $ — $ (291,912 ) $ 2,837,850 $ 384,155 $ 2,930,095 Frontier Trading Company II, LLC (32,747 ) 216,451 (414,846 ) (231,142 ) (7,911 ) 3,032 798,440 793,563 Frontier Trading Company VII, LLC — — — — (97,942 ) 464,066 1,509,172 1,875,296 Frontier Trading Company XXXVIII, LLC — — (206,159 ) (206,159 ) (23,497 ) (1,839,566 ) (7,975 ) (1,871,038 ) Frontier Trading Company XXIX, LLC — — — — (10 ) 7,074 — 7,064 Frontier Trading Company XIV, LLC — — — — (1,293 ) 9,537 (15,937 ) (7,693 ) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (44,764 ) (387,975 ) (13,621 ) (446,360 ) — — — — Galaxy Plus Fund - Doherty Feeder Fund (528) LLC (50,359 ) 148,003 (34,828 ) 62,816 — — — — Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (370,056 ) 934,254 440,340 1,004,538 — — (473,966 ) (473,966 ) Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (97,240 ) 1,057,916 (443,733 ) 516,943 — — — — Galaxy Plus Fund - LRR Feeder Fund (522) LLC — — (758,716 ) (758,716 ) — — (76,438 ) (76,438 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (1,053,253 ) 3,793,961 (295,887 ) 2,444,821 — — (147,819 ) (147,819 ) Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC (144,534 ) 393,118 217,931 466,515 — — 530,832 530,832 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (13,489 ) 658,389 (821,400 ) (176,500 ) — — — — Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (129,934 ) (453,700 ) (456,590 ) (1,040,224 ) — — 13,860 13,860 Total $ (1,936,376 ) $ 6,360,417 $ (2,787,509 ) $ 1,636,532 $ (422,565 ) $ 1,481,993 $ 2,514,324 $ 3,573,756 Frontier Winton Fund — Frontier Trading Company XXXVIII, LLC $ — $ — $ (303,217 ) $ (303,217 ) $ (14,000 ) $ (996,591 ) $ (75,348 ) $ (1,085,939 ) Total $ — $ — $ (303,217 ) $ (303,217 ) $ (14,000 ) $ (996,591 ) $ (75,348 ) $ (1,085,939 ) Frontier Frontier Select Fund — Frontier Trading Company XXXIX, LLC $ — $ — $ (302,892 ) $ (302,892 ) $ (3,394 ) $ — $ 335,581 $ 332,189 Frontier Trading Company XXXVIII, LLC — — (61,753 ) (61,753 ) (537 ) (61,869 ) (18,230 ) (80,638 ) Galaxy Plus Fund - TT Feeder Fund (531) LLC (26,272 ) 455,907 (960,857 ) (531,222 ) — — — — Total $ (26,272 ) $ 455,907 $ (1,325,502 ) $ (895,867 ) $ (3,931 ) $ (61,869 ) $ 317,351 $ 251,551 Frontier Heritage Fund — Frontier Trading Company II, LLC $ (61,563 ) $ 113,582 $ (165,128 ) $ (113,109 ) $ (4,236 ) $ 4,852 $ 429,014 $ 429,630 Frontier Trading Company XXXVIII, LLC — — (94,612 ) (94,612 ) (2,982 ) (214,680 ) (15,685 ) (233,347 ) Total $ (61,563 ) $ 113,582 $ (259,740 ) $ (207,721 ) $ (7,218 ) $ (209,828 ) $ 413,329 $ 196,283 Frontier Long/Short Commodity Fund Frontier Trading Company I, LLC $ — $ — $ — $ — $ (3,979 ) $ 145,864 $ 32,717 $ 174,602 Frontier Trading Companies VII, LLC — — — — (30,876 ) (12,785 ) (11,583 ) (55,244 ) Frontier Trading Company XXXVIII, LLC — — 48,430 48,430 (1,920 ) 156,899 (336,795 ) (181,816 ) Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC (44,133 ) (37,958 ) 72,625 (9,466 ) — — 250,381 250,381 Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (181,134 ) 398,026 195,800 412,692 — — (387,492 ) (387,492 ) Galaxy Plus Fund - LRR Feeder Fund (522) LLC (570,790 ) — — (570,790 ) — — (57,351 ) (57,351 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (31,126 ) (2,843 ) (157,347 ) (191,316 ) Total $ (796,057 ) $ 360,068 $ 316,855 $ (310,450 ) $ (36,775 ) $ 289,978 $ (510,123 ) $ (256,920 ) Frontier Diversified Fund — Frontier Trading Company I, LLC $ — $ — $ — $ — $ (258,906 ) $ 1,820,739 $ (172,448 ) $ 1,389,385 Frontier Trading Company II, LLC (34,961 ) 156,232 (244,744 ) (123,473 ) (5,852 ) 8,485 603,376 606,009 Frontier Trading Company VII, LLC — — — — (80,881 ) (566,171 ) 2,324,104 1,677,052 Frontier Trading Company XXIII, LLC — — — — (32,785 ) (1,406,397 ) 97,442 (1,341,740 ) Frontier Trading Company XXXVIII, LLC — — (220,531 ) (220,531 ) (15,326 ) 628,128 70,786 683,588 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (38,921 ) (248,929 ) 41,918 (245,932 ) — — — — Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC (52,211 ) (296,825 ) 401,400 52,364 (8,493 ) 998,888 — 990,395 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC (36,891 ) 93,200 (21,227 ) 35,082 — — — — Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (331,447 ) 937,641 344,980 951,174 — — (1,190,428 ) (1,190,428 ) Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (71,434 ) 668,006 (172,286 ) 424,286 — — — — Galaxy Plus Fund - LRR Feeder Fund (522) LLC — — (286,484 ) (286,484 ) — — (28,777 ) (28,777 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (677,949 ) 2,530,502 (402,647 ) 1,449,906 — — (93,547 ) (93,547 ) Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC (145,059 ) 396,809 122,278 374,028 — — 211,386 211,386 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (54,917 ) 1,818,085 (2,335,438 ) (572,270 ) — — 1,030,807 1,030,807 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (109,401 ) (281,218 ) (324,689 ) (715,308 ) — — — — Total $ (1,553,191 ) $ 5,773,503 $ (3,097,470 ) $ 1,122,842 $ (402,243 ) $ 1,483,672 $ 2,852,701 $ 3,934,130 Frontier Masters Fund — Frontier Trading Company I, LLC $ — $ — $ — $ — $ (8,534 ) $ (318,341 ) $ 171,763 $ (155,112 ) Frontier Trading Company II, LLC 25,034 91,810 (290,984 ) (174,140 ) (3,461 ) 9,446 363,470 369,455 Frontier Trading Company VII, LLC — — — — (48,485 ) (371,922 ) 1,208,006 787,599 Frontier Trading Company XV, LLC (63,500 ) 78,115 (115,394 ) (100,779 ) (29,251 ) 287,234 1,034,834 1,292,817 Frontier Trading Company XXXVIII, LLC — — (103,705 ) (103,705 ) (4,857 ) (394,257 ) (4,402 ) (403,516 ) Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC (70,041 ) (81,634 ) 150,438 (1,237 ) — — 456,376 456,376 Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (225,164 ) 518,265 258,497 551,598 — — (710,445 ) (710,445 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (33,868 ) (36,872 ) (273,610 ) (344,350 ) — — — — Galaxy Plus Fund - TT Feeder Fund (531) LLC — — (621,004 ) (621,004 ) — — — — Total $ (367,539 ) $ 569,684 $ (995,762 ) $ (793,617 ) $ (94,588 ) $ (787,840 ) $ 2,519,602 $ 1,637,174 Three Months Ended June 30, 2017 Three Months Ended June, 2016 Trading Commissions Realized Gain/(Loss) Change in Unrealized Gain/(Loss) Net Income (Loss) Trading Commissions Realized Gain/(Loss) Change in Unrealized Gain/(Loss) Net Income (Loss) Frontier Balanced Fund — Frontier Trading Company I, LLC $ — $ — $ — $ — $ (134,840 ) $ (938,212 ) $ 1,224,098 $ 151,046 Frontier Trading Company II, LLC (29,734 ) (176,628 ) (185,169 ) (391,531 ) (4,075 ) (434,401 ) 793,481 355,005 Frontier Trading Company VII, LLC — — — — (55,681 ) 245,437 (256,984 ) (67,228 ) Frontier Trading Company XXXVIII, LLC — — (60,414 ) (60,414 ) (13,552 ) (1,022,363 ) 298,598 (737,317 ) Frontier Trading Company XXIX, LLC — — — — — — — — Frontier Trading Company XIV, LLC — — — — (1,293 ) 9,537 (15,937 ) (7,693 ) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (23,364 ) (222,017 ) (152,905 ) (398,286 ) — — — — Galaxy Plus Fund - Doherty Feeder Fund (528) LLC (19,523 ) 82,988 (31,581 ) 31,884 — — — — Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (103,320 ) 628,876 (146,626 ) 378,930 — — (473,966 ) (473,966 ) Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (46,229 ) 572,197 (767,626 ) (241,658 ) — — — — Galaxy Plus Fund - LRR Feeder Fund (522) LLC — — (313,570 ) (313,570 ) — — (76,438 ) (76,438 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (84,339 ) (292,686 ) 307,411 (69,614 ) — — (147,819 ) (147,819 ) Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC (59,057 ) 14,510 23,398 (21,149 ) — — 530,832 530,832 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (5,563 ) 550,360 (553,687 ) (8,890 ) — — — — Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (111,023 ) (481,169 ) (477,804 ) (1,069,996 ) — — 13,860 13,860 Total $ (482,152 ) $ 676,431 $ (2,358,573 ) $ (2,164,294 ) $ (209,441 ) $ (2,140,002 ) $ 1,889,725 $ (459,718 ) Frontier Winton Fund — Frontier Trading Company XXXVIII, LLC $ — $ — $ (21,961 ) $ (21,961 ) $ (8,315 ) $ (478,651 ) $ 8,665 $ (478,301 ) Total $ — $ — $ (21,961 ) $ (21,961 ) $ (8,315 ) $ (478,651 ) $ 8,665 $ (478,301 ) Frontier Frontier Select Fund — Frontier Trading Company XXXIX, LLC $ — $ — $ (103,491 ) $ (103,491 ) $ (1,697 ) $ — $ (109,118 ) $ (110,816 ) Frontier Trading Company XXXVIII, LLC — — (13,395 ) (13,395 ) (195 ) (26,387 ) (14,506 ) (41,088 ) Galaxy Plus Fund - TT Feeder Fund (531) LLC (26,272 ) 455,907 (960,857 ) (531,222 ) Total $ (26,272 ) $ 455,907 $ (1,077,743 ) $ (648,108 ) $ (1,892 ) $ (26,387 ) $ (123,624 ) $ (151,904 ) Frontier Heritage Fund — Frontier Trading Company II, LLC $ (59,981 ) $ (92,376 ) $ (45,355 ) $ (197,712 ) $ (2,170 ) $ (231,385 ) $ 421,718 $ 188,163 Frontier Trading Company XXXVIII, LLC — — (32,056 ) (32,056 ) (1,762 ) (101,544 ) 2,109 (101,197 ) Total $ (59,981 ) $ (92,376 ) $ (77,411 ) $ (229,768 ) $ (3,932 ) $ (332,929 ) $ 423,827 $ 86,966 Frontier Long/Short Commodity Fund Frontier Trading Company I, LLC $ — $ — $ — $ — $ (1,581 ) $ (129,687 ) $ 124,981 $ (6,287 ) Frontier Trading Companies VII, LLC — — — — (8,929 ) 288,560 (244,665 ) 34,966 Frontier Trading Company XXXVIII, LLC — — 48,430 48,430 (874 ) (62,203 ) 13,269 (49,808 ) Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC (20,154 ) (17,806 ) (15,385 ) (53,345 ) — — 250,381 250,381 Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (70,739 ) 274,376 (21,965 ) 181,672 — — (387,493 ) (387,493 ) Galaxy Plus Fund - LRR Feeder Fund (522) LLC — — (668,936 ) (668,936 ) (57,351 ) (57,351 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (31,126 ) (2,843 ) (157,347 ) (191,316 ) — — — — Total $ (122,019 ) $ 253,727 $ (815,203 ) $ (683,495 ) $ (11,384 ) $ 96,670 $ (300,878 ) $ (215,592 ) Frontier Diversified Fund — Frontier Trading Company I, LLC $ — $ — $ — $ — $ (121,692 ) $ (725,098 ) $ 459,962 $ (386,828 ) Frontier Trading Company II, LLC (32,754 ) (131,602 ) (76,660 ) (241,016 ) (2,990 ) (318,746 ) 582,063 260,327 Frontier Trading Company VII, LLC — — — — (45,661 ) 82,553 (170,124 ) (133,232 ) Frontier Trading Company XXXIX, LLC — — — — — — 590,395 590,395 Frontier Trading Company XVIII, LLC — — — — (15,326 ) (1,032,792 ) 70,786 (977,332 ) Frontier Trading Company XXI, LLC — — — — — — 169,826 169,826 Frontier Trading Company XXIII, LLC — — — — (15,158 ) 186,545 10,661 182,048 Frontier Trading Company XXXVIII, LLC — — (92,697 ) (92,697 ) 7,062 566,912 (257,668 ) 316,306 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (20,126 ) (138,307 ) (51,044 ) (209,477 ) — — — — Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC (25,130 ) (86,993 ) (10,374 ) (122,497 ) (8,493 ) 998,888 — 990,395 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC (15,626 ) 53,463 (19,659 ) 18,178 — — — — Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (99,836 ) 663,148 (134,800 ) 428,512 — — (1,190,428 ) (1,190,428 ) Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (34,042 ) 386,453 (360,329 ) (7,918 ) — — — — Galaxy Plus Fund - LRR Feeder Fund (522) LLC — — (121,379 ) (121,379 ) — — (28,777 ) (28,777 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (72,656 ) 110,541 (92,110 ) (54,225 ) — — (93,547 ) (93,547 ) Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC (62,375 ) 90,549 (35,256 ) (7,082 ) — — 211,386 211,386 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (21,834 ) 1,360,066 (1,340,399 ) (2,167 ) — — 1,030,807 1,030,807 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (96,591 ) (299,530 ) (338,831 ) (734,952 ) — — — — Total $ (480,970 ) $ 2,007,788 $ (2,673,538 ) $ (1,146,720 ) $ (202,258 ) $ (241,738 ) $ 1,385,342 $ 941,346 Frontier Masters Fund — Frontier Trading Company I, LLC $ — $ — $ — $ — $ (3,436 ) $ (281,482 ) $ 523,684 $ 238,766 Frontier Trading Company II, LLC (20,155 ) (75,060 ) (193,825 ) (289,040 ) (1,752 ) (186,703 ) 340,469 152,014 Frontier Trading Company VII, LLC — — — — (27,697 ) (9,074 ) (83,101 ) (119,872 ) Frontier Trading Company XV, LLC — — — — (15,852 ) (646,595 ) 1,036,321 373,874 Frontier Trading Company XXXVIII, LLC — — (27,193 ) (27,193 ) (2,345 ) (153,097 ) 35,657 (119,787 ) Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC (32,726 ) (38,744 ) (37,054 ) (108,524 ) — — 456,376 456,376 Galaxy Plus Fund - Emil van Essen STP Feeder Fund (516) LLC (85,746 ) 349,249 (38,302 ) 225,201 — — (710,445 ) (710,445 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (33,868 ) (36,872 ) (273,610 ) (344,350 ) — — — — Galaxy Plus Fund - TT Feeder Fund (531) LLC — — (621,004 ) (621,004 ) — — — — Total $ (172,495 ) $ 198,573 $ (1,190,988 ) $ (1,164,910 ) $ (51,082 ) $ (1,276,951 ) $ 1,598,961 $ 270,926 |
Financial Statements of Unconsolidated Trading Companies | The Series investments in private investment companies have certain redemption and liquidity restrictions which are described in the following table: Redemptions Redemptions Liquidity Notice Period Permitted Restrictions Frontier Diversified Fund Multi-Strategy Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 24 hours Daily None Galaxy Plus Fund - LRR Feeder Fund (522) LLC 24 hours Daily None Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC 24 hours Daily None Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None Option Trading Galaxy Plus Fund - Doherty Feeder Fund (528) LLC 24 hours Daily None Frontier Masters Fund Trend Following Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC 24 hours Daily None Galaxy Plus Fund - TT Feeder Fund (531) LLC 24 hours Weekly None Multi-Strategy Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 24 hours Daily None Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Frontier Long/Short Commodity Fund Trend Following Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC 24 hours Daily None Multi-Strategy Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 24 hours Daily None Galaxy Plus Fund - LRR Feeder Fund (522) LLC 24 hours Daily None Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Frontier Balanced Fund Multi-Strategy Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC 24 hours Daily None Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC 24 hours Daily None Galaxy Plus Fund - LRR Feeder Fund (522) LLC 24 hours Daily None Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None Option Trading Galaxy Plus Fund - Doherty Feeder Fund (528) LLC 24 hours Daily None Frontier Select Fund Trend Following Galaxy Plus Fund - TT Feeder Fund (531) LLC 24 hours Weekly None |
Transactions with Affiliates (T
Transactions with Affiliates (Tables) - Series Of Frontier Fund [Member] | 6 Months Ended |
Jun. 30, 2017 | |
Fees Earned by Managing Owner | The following table summarizes fees earned by the Managing Owner for the six months ended June 30, 2017 and 2016: Three Months Ended June 30, 2017 Incentive Fees Management Fees Service Fees Trading Fees Frontier Diversified Fund $ — $ 27,784 $ 41,352 $ 466,107 Frontier Masters Fund — 58,094 24,160 186,409 Frontier Long/Short Commodity Fund (87,670 ) — 3,510 66,308 Frontier Balanced Fund — 38,058 384,415 623,456 Frontier Select Fund — 26,454 60,437 49,223 Frontier Winton Fund — 265,095 126,462 154,026 Frontier Heritage Fund — 58,866 48,692 63,757 Three Months Ended June 30, 2016 Incentive Fees Management Fees Service Fees Trading Fees Frontier Diversified Fund $ 131,219 $ 177,249 $ 59,301 $ 349,658 Frontier Masters Fund 15,801 120,462 36,877 121,827 Frontier Long/Short Commodity Fund — 47,367 12,542 43,982 Frontier Balanced Fund 489,916 164,553 450,955 143,669 Frontier Select Fund 15,881 67,902 85,705 24,122 Frontier Winton Fund — 265,095 169,823 64,892 Frontier Heritage Fund — 60,698 63,757 17,962 Six Months Ended June 30, 2017 Incentive Fees Management Fees Service Fees Trading Fees Frontier Diversified Fund $ (63,508 ) $ 55,742 $ 86,185 $ 932,781 Frontier Masters Fund — 143,323 52,934 376,584 Frontier Long/Short Commodity Fund (87,670 ) — 10,971 143,093 Frontier Balanced Fund — 76,537 783,275 1,163,171 Frontier Select Fund — 82,629 129,768 98,267 Frontier Winton Fund (49,790 ) 489,086 269,091 303,364 Frontier Heritage Fund (4,603 ) 117,858 100,787 109,257 Six Months Ended June 30, 2016 Incentive Fees Management Fees Service Fees Trading Fees Frontier Diversified Fund $ 1,052,255 $ 416,096 $ 135,479 $ 706,366 Frontier Masters Fund 242,029 282,097 84,012 260,171 Frontier Long/Short Commodity Fund 134,601 185,913 33,573 93,601 Frontier Balanced Fund 1,425,533 398,578 935,027 316,458 Frontier Select Fund 39,867 138,723 179,149 50,302 Frontier Winton Fund 99,067 540,915 349,678 133,216 Frontier Heritage Fund 9,072 123,719 131,426 40,676 |
Fees Payable to Managing Owner | The following table summarizes fees payable to the Managing Owner as of June 30, 2017 and December 31, 2016. As of June 30, 2017 Incentive Fees Management Fees Interest Fees Service Fees Trading Fees Frontier Diversified Fund $ — $ — $ — $ 61,852 $ 145,020 Frontier Masters Fund — — — 14,211 56,704 Frontier Long/Short Commodity Fund — — 3,091 1,591 20,034 Frontier Balanced Fund — 3,817 184,466 116,539 198,617 Frontier Select Fund — — 3,276 18,069 15,892 Frontier Winton Fund — 244,083 37,136 50,609 69,931 Frontier Heritage Fund — — 3,756 9,157 16,830 As of December 31, 2016 Incentive Fees Management Fees Interest Fees Service Fees Trading Fees Frontier Diversified Fund $ — $ 23,496 $ — $ 15,193 $ 147,183 Frontier Masters Fund — 50,174 — 9,037 57,890 Frontier Long/Short Commodity Fund — — — 3,542 23,478 Frontier Balanced Fund — 25,217 21,606 129,956 203,324 Frontier Select Fund — 21,219 3,518 25,966 1,829 Frontier Winton Fund — 256,824 30,730 39,370 55,142 Frontier Heritage Fund — 56,501 7,420 16,457 17,953 |
Interest Paid by Each Series to Managing Owner | The following table outlines the interest paid by each Series to the Managing Owner and its ratio to average net assets for the three and six months ended June 30, 2017 and 2016: Three Months Ended 6/30/2017 6/30/2016 6/30/2017 6/30/2016 Ratio to Average Ratio to Gross Amount Paid to the Gross Amount Paid to Net Average Managing Owner the Managing Owner Assets Net Assets Equinox Frontier Diversified Fund Class 1 $ — $ 1,188 0.01 % 0.01 % Equinox Frontier Diversified Fund Class 2 — 5,454 0.01 % 0.01 % Equinox Frontier Diversified Fund Class 3 — 1,837 0.02 % 0.02 % Equinox Frontier Masters Fund Class 1 — 797 0.01 % 0.01 % Equinox Frontier Masters Fund Class 2 — 775 0.01 % 0.01 % Equinox Frontier Masters Fund Class 3 — 798 0.01 % 0.01 % Equinox Frontier Long/Short Commodity Fund Class 2 228 85 0.05 % 0.01 % Equinox Frontier Long/Short Commodity Fund Class 3 1,842 407 0.05 % 0.01 % Equinox Frontier Long/Short Commodity Fund Class 1a (0 ) 291 0.00 % 0.01 % Equinox Frontier Long/Short Commodity Fund Class 2a (0 ) 104 0.00 % 0.01 % Equinox Frontier Long/Short Commodity Fund Class 3a 0 47 0.00 % 0.01 % Equinox Frontier Balanced Fund Class 1 155,792 148,636 0.30 % 0.24 % Equinox Frontier Balanced Fund Class 1AP 2,005 1,659 0.33 % 0.01 % Equinox Frontier Balanced Fund Class 2 38,500 53,414 0.18 % 0.23 % Equinox Frontier Balanced Fund Class 2a 493 273 0.08 % 0.05 % Equinox Frontier Balanced Fund Class 3a 1,204 1,203 0.07 % 0.05 % Equinox Frontier Select Fund Class 1 10,569 3,173 0.13 % 0.03 % Equinox Frontier Select Fund Class 1AP 31 14 0.13 % 0.00 % Equinox Frontier Select Fund Class 2 1,690 383 0.13 % 0.03 % Equinox Frontier Winton Fund Class 1 (38,915 ) 84,303 -0.23 % 0.36 % Equinox Frontier Winton Fund Class 1AP (116 ) 137 -0.33 % 0.00 % Equinox Frontier Winton Fund Class 2 (35,722 ) 43,889 -0.32 % 0.36 % Equinox Frontier Heritage Fund Class 1 11,940 20,282 0.18 % 0.23 % Equinox Frontier Heritage Fund Class 1AP 10 108 0.18 % 0.00 % Equinox Frontier Heritage Fund Class 2 3,498 6,913 0.19 % 0.23 % Total $ 153,048 $ 376,170 Six Months Ended 6/30/2017 6/30/2016 6/30/2017 6/30/2016 Gross Gross Amount Amount Paid Ratio to Ratio to Paid to the to the Average Net Average Managing Managing Assets Net Assets Equinox Frontier Diversified Fund Class 1 $ (3,860 ) $ 7,806 -0.09 % 0.08 % Equinox Frontier Diversified Fund Class 2 (19,555 ) 29,461 -0.05 % 0.08 % Equinox Frontier Diversified Fund Class 3 (7,071 ) 9,208 -0.05 % 0.08 % Equinox Frontier Masters Fund Class 1 (4,674 ) 5,968 -0.10 % 0.08 % Equinox Frontier Masters Fund Class 2 (4,780 ) 5,754 -0.09 % 0.08 % Equinox Frontier Masters Fund Class 3 (5,338 ) 4,993 -0.08 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 2 132 529 0.02 % 0.06 % Equinox Frontier Long/Short Commodity Fund Class 3 1,277 2,975 0.03 % 0.05 % Equinox Frontier Long/Short Commodity Fund Class 1a 533 2,069 0.05 % 0.05 % Equinox Frontier Long/Short Commodity Fund Class 2a 233 679 0.03 % 0.06 % Equinox Frontier Long/Short Commodity Fund Class 3a 189 424 0.01 % 0.05 % Equinox Frontier Balanced Fund Class 1 190,384 338,243 0.36 % 0.54 % Equinox Frontier Balanced Fund Class 1AP 2,416 3,856 0.38 % 0.02 % Equinox Frontier Balanced Fund Class 2 52,569 123,177 0.24 % 0.54 % Equinox Frontier Balanced Fund Class 2a 571 611 0.10 % 0.11 % Equinox Frontier Balanced Fund Class 3a 1,452 2,701 0.09 % 0.11 % Equinox Frontier Select Fund Class 1 23,654 13,062 0.27 % 0.11 % Equinox Frontier Select Fund Class 1AP 67 54 0.27 % 0.00 % Equinox Frontier Select Fund Class 2 3,609 1,534 0.27 % 0.11 % Equinox Frontier Winton Fund Class 1 12,162 189,090 0.07 % 0.81 % Equinox Frontier Winton Fund Class 1AP (24 ) 305 -0.07 % 0.01 % Equinox Frontier Winton Fund Class 2 (6,078 ) 98,658 -0.05 % 0.81 % Equinox Frontier Heritage Fund Class 1 26,122 45,755 0.38 % 0.52 % Equinox Frontier Heritage Fund Class 1AP 21 283 0.37 % 0.01 % Equinox Frontier Heritage Fund Class 2 8,742 15,461 0.39 % 0.52 % Total $ 272,752 $ 902,656 |
Financial Highlights (Tables)
Financial Highlights (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
Financial Highlights of Trust | The following information presents the financial highlights of the Trust for the three and six months ended June 30, 2017 and 2016. This data has been derived from the information presented in the consolidated financial statements. Three months ended 2017 2016 Ratios to average net assets (1) Net investment gain/(loss) (1) -7.26 % -3.96 % Expenses before incentive fees (3) 7.26 % 4.27 % Expenses after incentive fees (3) 7.31 % 4.54 % Total return before incentive fees (2) -5.57 % 0.11 % Total return after incentive fees (2) -5.52 % -0.16 % Six months ended 2017 2016 Ratios to average net assets (1) Net investment gain/(loss) (1) -6.27 % -4.52 % Expenses before incentive fees (3) 6.44 % 4.87 % Expenses after incentive fees (3) 6.33 % 6.15 % Total return before incentive fees (2) -3.66 % 4.80 % Total return after incentive fees (2) -3.55 % 3.53 % (1) Annualized with the exception of incentive fees. (2) Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Consolidated Statements of Operations of the Trust. See footnote 5. The Trust financial highlights are calculated based upon the Trust’s consolidated financial statements. The consolidated Trust does not issue units and therefore the financial highlights do not disclose any unitized data. |
Series Of Frontier Fund [Member] | |
Financial Highlights of Trust | The following information presents the financial highlights of the Trust, with respect to the Series, for the three and six months ended June 30, 2017 and 2016. Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 1a Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, March 31, 2017 $ 119.31 $ 136.74 $ 126.88 $ 113.10 $ 129.65 $ 120.78 $ 95.00 $ 133.17 $ 109.48 $ 134.87 $ 111.98 Net operating results: Interest income 0.06 0.06 0.06 0.14 0.16 0.15 0.00 0.00 0.00 0.00 0.00 Expenses (2.43 ) (1.33 ) (1.23 ) (2.41 ) (2.04 ) (1.90 ) (0.57 ) (0.07 ) (0.06 ) (0.07 ) (0.06 ) Net gain/(loss) on investments, net of non-controlling interests (5.21 ) (6.86 ) (6.29 ) (8.44 ) (9.87 ) (9.13 ) (10.80 ) (16.73 ) (14.03 ) (12.74 ) (12.16 ) Net income/(loss) (7.58 ) (8.12 ) (7.46 ) (10.71 ) (11.75 ) (10.88 ) (11.37 ) (16.80 ) (14.09 ) (12.81 ) (12.22 ) Net asset value, June 30, 2017 $ 111.73 $ 128.62 $ 119.42 $ 102.39 $ 117.90 $ 109.90 $ 83.63 $ 116.37 $ 95.39 $ 122.06 $ 99.76 Ratios to average net assets (3) Net investment income/(loss) -7.96 % -3.68 % -3.68 % -8.22 % -5.93 % -5.93 % -6.42 % -4.12 % -4.12 % -4.12 % -4.12 % Expenses before incentive fees (rebate) (4)(5) 8.15 % 3.87 % 3.87 % 8.72 % 6.43 % 6.43 % 7.71 % 5.42 % 5.42 % 5.42 % 5.42 % Expenses after incentive fees (rebate) (4)(5) 8.15 % 3.87 % 3.87 % 8.72 % 6.43 % 6.43 % 6.42 % 4.12 % 4.12 % 4.12 % 4.12 % Total return before incentive fees (rebate) (2) -6.35 % -5.94 % -5.88 % -9.47 % -9.06 % -9.01 % -13.27 % -13.91 % -14.17 % -10.80 % -12.21 % Total return after incentive fees (rebate) (2) -6.35 % -5.94 % -5.88 % -9.47 % -9.06 % -9.01 % -11.97 % -12.62 % -12.87 % -9.50 % -10.91 % Frontier Balanced Fund Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, March 31, 2017 $ 137.81 $ 149.29 $ 200.81 $ 174.17 $ 173.59 $ 89.88 $ 97.27 $ 129.20 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (2.60 ) (1.70 ) (2.29 ) (1.99 ) (1.98 ) (1.29 ) (0.70 ) (0.94 ) Net gain/(loss) on investments, net of non-controlling interests (5.37 ) (5.88 ) (7.90 ) (6.41 ) (6.39 ) (9.80 ) (10.67 ) (14.15 ) Net income/(loss) (7.97 ) (7.58 ) (10.19 ) (8.40 ) (8.37 ) (11.09 ) (11.37 ) (15.09 ) Net asset value, June 30, 2017 $ 129.84 $ 141.71 $ 190.62 $ 165.77 $ 165.22 $ 78.79 $ 85.90 $ 114.11 Ratios to average net assets (3) Net investment income/(loss) -7.57 % -4.56 % -4.56 % -4.56 % -4.56 % -6.03 % -3.02 % -3.02 % Expenses before incentive fees (rebate) (4)(5) 7.57 % 4.56 % 4.56 % 4.56 % 4.56 % 6.03 % 3.02 % 3.02 % Expenses after incentive fees (rebate) (4)(5) 7.57 % 4.56 % 4.56 % 4.56 % 4.56 % 6.03 % 3.02 % 3.02 % Total return before incentive fees (rebate) (2) -5.78 % -5.08 % -5.07 % -4.82 % -4.82 % -12.34 % -11.69 % -11.68 % Total return after incentive fees (rebate) (2) -5.78 % -5.08 % -5.07 % -4.82 % -4.82 % -12.34 % -11.69 % -11.68 % Frontier Winton Fund Frontier Heritage Fund Class 1 Class 1AP Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, March 31, 2017 $ 152.93 $ 165.26 $ 210.30 $ 115.22 $ 125.64 $ 167.02 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (3.38 ) (2.45 ) (3.12 ) (2.36 ) (1.64 ) (2.19 ) Net gain/(loss) on investments, net of non-controlling interests (5.46 ) (5.55 ) (7.52 ) (3.88 ) (5.06 ) (5.66 ) Net income/(loss) (8.84 ) (8.00 ) (10.64 ) (6.24 ) (6.70 ) (7.85 ) Net asset value, June 30, 2017 $ 144.09 $ 157.26 $ 199.66 $ 108.98 $ 118.94 $ 159.17 Ratios to average net assets (3) Net investment income/(loss) -9.06 % -6.05 % -6.05 % -8.32 % -5.32 % -5.32 % Expenses before incentive fees (rebate) (4)(5) 9.06 % 6.05 % 6.05 % 8.32 % 5.32 % 5.32 % Expenses after incentive fees (rebate) (4)(5) 9.06 % 6.05 % 6.05 % 8.32 % 5.32 % 5.32 % Total return before incentive fees (rebate) (2) -5.78 % -4.84 % -5.06 % -5.42 % -5.33 % -4.70 % Total return after incentive fees (rebate) (2) -5.78 % -4.84 % -5.06 % -5.42 % -5.33 % -4.70 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. (5) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees are included in the total return. Equinox Frontier Diversified Fund Equinox Frontier Masters Fund Equinox Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 3 Class 1a Class 2a Class 3a Per unit operating performance (1) Net asset value, March 31, 2016 $ 118.43 $ 133.44 $ 123.50 $ 119.01 $ 134.07 $ 124.59 $ 129.50 $ 129.53 $ 92.55 $ 104.16 $ 104.89 Net operating results: Interest income 0.26 0.29 0.27 0.21 0.23 0.22 0.16 0.16 0.11 0.13 0.13 Expenses (2.21 ) (1.52 ) (1.41 ) (2.12 ) (1.68 ) (1.56 ) (1.07 ) (1.06 ) (1.09 ) (0.86 ) (0.86 ) Net gain/(loss) on investments, net of non-controlling interests 1.58 1.40 1.37 2.75 2.98 2.84 1.96 1.82 1.39 1.83 1.46 Net income/(loss) (0.37 ) 0.17 0.23 0.84 1.54 1.50 1.05 0.92 0.40 1.10 0.73 Net asset value, June 30, 2016 $ 118.06 $ 133.61 $ 123.73 $ 119.85 $ 135.61 $ 126.09 $ 130.55 $ 130.45 $ 92.95 $ 105.26 $ 105.62 Ratios to average net assets (3) Net investment income/(loss) -6.08 % -3.07 % -3.07 % -6.51 % -4.27 % -4.27 % -2.73 % -2.73 % -4.15 % -2.73 % -2.73 % Expenses before incentive fees (rebate) (4)(5) 6.74 % 3.74 % 3.74 % 7.16 % 4.92 % 4.92 % 3.22 % 3.22 % 4.64 % 3.22 % 3.22 % Expenses after incentive fees (rebate) (4)(5) 6.97 % 3.97 % 3.97 % 7.24 % 5.00 % 5.00 % 3.22 % 3.22 % 4.64 % 3.22 % 3.22 % Total return before incentive fees (rebate) (2) -0.08 % 0.36 % 0.42 % 0.79 % 1.23 % 1.28 % 0.81 % 0.71 % 0.43 % 1.06 % 0.70 % Total return after incentive fees (rebate) (2) -0.31 % 0.13 % 0.19 % 0.71 % 1.15 % 1.20 % 0.81 % 0.71 % 0.43 % 1.06 % 0.70 % Equinox Frontier Balanced Fund Equinox Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, March 31, 2016 $ 132.18 $ 138.97 $ 186.92 $ 161.49 $ 160.96 $ 99.40 $ 104.50 $ 138.68 Net operating results: Interest income 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 Expenses (2.15 ) (1.26 ) (1.70 ) (1.47 ) (1.46 ) (1.47 ) (0.82 ) (1.09 ) Net gain/(loss) on investments, net of non-controlling interests 0.46 0.51 0.69 0.91 0.90 0.19 0.25 0.33 Net income/(loss) (1.68 ) (0.74 ) (1.00 ) (0.55 ) (0.55 ) (1.28 ) (0.57 ) (0.76 ) Net asset value, June 30, 2016 $ 130.50 $ 138.23 $ 185.92 $ 160.94 $ 160.41 $ 98.12 $ 103.93 $ 137.92 Ratios to average net assets (3) Net investment income/(loss) -4.93 % -1.97 % -1.97 % -1.97 % -1.97 % -5.97 % -2.98 % -2.98 % Expenses before incentive fees (rebate) (4)(5) 4.39 % 1.44 % 1.44 % 1.44 % 1.44 % 5.85 % 2.85 % 2.85 % Expenses after incentive fees (rebate) (4)(5) 4.96 % 2.00 % 2.00 % 2.00 % 2.00 % 5.97 % 2.98 % 2.98 % Total return before incentive fees (rebate) (2) -0.71 % 0.03 % 0.03 % 0.22 % 0.22 % -1.16 % -0.42 % -0.43 % Total return after incentive fees (rebate) (2) -1.27 % -0.53 % -0.53 % -0.34 % -0.34 % -1.29 % -0.55 % -0.55 % Equinox Frontier Winton Fund Equinox Frontier Heritage Fund Class 1 Class 1AP Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, March 31, 2016 $ 169.18 $ 177.86 $ 225.82 $ 130.76 $ 137.47 $ 183.97 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (2.79 ) (1.65 ) (2.09 ) (1.84 ) (0.95 ) (1.27 ) Net gain/(loss) on investments, net of non-controlling interests 5.14 5.47 6.94 0.85 0.93 1.24 Net income/(loss) 2.35 3.82 4.85 (0.99 ) (0.02 ) (0.03 ) Net asset value, June 30, 2016 $ 171.53 $ 181.68 $ 230.67 $ 129.77 $ 137.45 $ 183.94 Ratios to average net assets (3) Net investment income/(loss) -6.80 % -3.80 % -3.80 % -5.86 % -2.86 % -2.86 % Expenses before incentive fees (rebate) (4)(5) 6.80 % 3.80 % 3.80 % 5.86 % 2.86 % 2.86 % Expenses after incentive fees (rebate) (4)(5) 6.80 % 3.80 % 3.80 % 5.86 % 2.86 % 2.86 % Total return before incentive fees (rebate) (2) 1.39 % 2.15 % 2.15 % -0.76 % -0.01 % -0.02 % Total return after incentive fees (rebate) (2) 1.39 % 2.15 % 2.15 % -0.76 % -0.01 % -0.02 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. (5) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees are included in the total return. Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 1a Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, December 31, 2016 $ 116.43 $ 132.94 $ 123.27 $ 112.80 $ 128.78 $ 119.89 $ 92.78 $ 129.56 $ 105.67 $ 130.80 $ 107.50 Net operating results: Interest income 0.22 0.25 0.23 0.41 0.47 0.44 0.01 0.00 0.00 0.00 0.00 Expenses (4.50 ) (2.34 ) (2.17 ) (4.88 ) (4.15 ) (3.86 ) (2.00 ) (1.35 ) (1.11 ) (1.36 ) (1.12 ) Net gain/(loss) on investments, net of non-controlling interests (0.42 ) (2.23 ) (1.91 ) (5.94 ) (7.20 ) (6.57 ) (7.16 ) (11.86 ) (9.17 ) (7.38 ) (6.62 ) Net income/(loss) (4.70 ) (4.32 ) (3.85 ) (10.41 ) (10.88 ) (9.99 ) (9.15 ) (13.21 ) (10.28 ) (8.74 ) (7.74 ) Net asset value, June 30, 2017 $ 111.73 $ 128.62 $ 119.42 $ 102.39 $ 117.90 $ 109.90 $ 83.63 $ 116.35 $ 95.39 $ 122.06 $ 99.76 Ratios to average net assets (3) Net investment income/(loss) -7.39 % -3.22 % -3.22 % -7.97 % -5.72 % -5.72 % -5.40 % -3.21 % -3.21 % -3.21 % -3.21 % Expenses before incentive fees (rebate) (4)(5) 7.87 % 3.70 % 3.70 % 8.70 % 6.45 % 6.45 % 6.52 % 4.33 % 4.33 % 4.33 % 4.33 % Expenses after incentive fees (rebate) (4)(5) 7.75 % 3.58 % 3.58 % 8.70 % 6.45 % 6.45 % 5.40 % 3.21 % 3.21 % 3.21 % 3.21 % Total return before incentive fees (rebate) (2) -4.15 % -3.37 % -3.24 % -9.23 % -8.45 % -8.33 % -10.98 % -11.32 % -10.85 % -7.80 % -8.32 % Total return after incentive fees (rebate) (2) -4.04 % -3.25 % -3.12 % -9.23 % -8.45 % -8.33 % -9.86 % -10.20 % -9.73 % -6.68 % -7.20 % Frontier Balanced Fund Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2016 $ 134.80 $ 144.97 $ 194.99 $ 169.05 $ 168.49 $ 94.06 $ 101.16 $ 134.25 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (4.54 ) (2.73 ) (3.68 ) (3.20 ) (3.18 ) (2.92 ) (1.73 ) (2.30 ) Net gain/(loss) on investments, net of non-controlling interests (0.42 ) (0.53 ) (0.69 ) (0.08 ) (0.09 ) (12.35 ) (13.53 ) (17.84 ) Net income/(loss) (4.96 ) (3.26 ) (4.37 ) (3.28 ) (3.27 ) (15.27 ) (15.26 ) (20.14 ) Net asset value, June 30, 2017 $ 129.84 $ 141.71 $ 190.62 $ 165.77 $ 165.22 $ 78.79 $ 85.90 $ 114.11 Ratios to average net assets (3) Net investment income/(loss) -6.69 % -3.72 % -3.72 % -3.72 % -3.72 % -6.58 % -3.61 % -3.61 % Expenses before incentive fees (rebate) (4)(5) 6.69 % 3.72 % 3.72 % 3.72 % 3.72 % 6.58 % 3.61 % 3.61 % Expenses after incentive fees (rebate) (4)(5) 6.69 % 3.72 % 3.72 % 3.72 % 3.72 % 6.58 % 3.61 % 3.61 % Total return before incentive fees (rebate) (2) -3.68 % -2.25 % -2.24 % -1.94 % -1.94 % -16.23 % -15.09 % -15.00 % Total return after incentive fees (rebate) (2) -3.68 % -2.25 % -2.24 % -1.94 % -1.94 % -16.23 % -15.09 % -15.00 % Frontier Winton Fund Frontier Heritage Fund Class 1 Class 1AP Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2016 $ 154.51 $ 166.17 $ 210.98 $ 119.58 $ 128.60 $ 172.10 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (6.43 ) (4.54 ) (5.77 ) (4.57 ) (3.10 ) (4.16 ) Net gain/(loss) on investments, net of non-controlling interests (3.99 ) (4.37 ) (5.55 ) (6.03 ) (6.56 ) (8.76 ) Net income/(loss) (10.42 ) (8.91 ) (11.32 ) (10.60 ) (9.66 ) (12.92 ) Net asset value, June 30, 2017 $ 144.09 $ 157.26 $ 199.66 $ 108.98 $ 118.94 $ 159.18 Ratios to average net assets (3) Net investment income/(loss) -8.71 % -5.75 % -5.75 % -8.00 % -5.03 % -5.03 % Expenses before incentive fees (rebate) (4)(5) 8.88 % 5.91 % 5.91 % 8.05 % 5.08 % 5.08 % Expenses after incentive fees (rebate) (4)(5) 8.71 % 5.75 % 5.75 % 8.00 % 5.03 % 5.03 % Total return before incentive fees (rebate) (2) -6.91 % -5.53 % -5.53 % -8.92 % -7.56 % -7.56 % Total return after incentive fees (rebate) (2) -6.74 % -5.36 % -5.37 % -8.86 % -7.51 % -7.51 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. (5) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees are included in the total return. Equinox Frontier Diversified Fund Equinox Frontier Masters Fund Equinox Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 3 Class 1a Class 2a Class 3a Per unit operating performance (1) Net asset value, December 31, 2015 $ 115.52 $ 129.60 $ 119.87 $ 112.87 $ 126.60 $ 117.57 $ 132.10 $ 132.14 $ 94.76 $ 106.19 $ 106.86 Net operating results: Interest income 0.57 0.64 0.59 0.51 0.57 0.53 0.40 0.40 0.29 0.32 0.33 Expenses (6.16 ) (4.96 ) (4.58 ) (5.56 ) (4.79 ) (4.44 ) (4.52 ) (4.50 ) (4.07 ) (3.63 ) (3.64 ) Net gain/(loss) on investments, net of non-controlling interests 8.13 8.33 7.85 12.03 13.23 12.43 2.57 2.41 1.97 2.38 2.06 Net income/(loss) 2.54 4.01 3.86 6.98 9.01 8.52 (1.55 ) (1.69 ) (1.81 ) (0.93 ) (1.24 ) Net asset value, June 30, 2016 $ 118.06 $ 133.61 $ 123.73 $ 119.85 $ 135.61 $ 126.09 $ 130.55 $ 130.45 $ 92.95 $ 105.26 $ 105.62 Ratios to average net assets (3) Net investment income/(loss) -7.66 % -4.70 % -4.70 % -7.56 % -5.31 % -5.31 % -5.04 % -5.04 % -6.82 % -5.04 % -4.96 % Expenses before incentive fees (rebate) (4)(5) 6.83 % 3.87 % 3.87 % 7.31 % 5.06 % 5.06 % 4.54 % 4.54 % 6.32 % 4.54 % 4.38 % Expenses after incentive fees (rebate) (4)(5) 8.63 % 5.66 % 5.66 % 8.43 % 6.18 % 6.18 % 5.65 % 5.65 % 7.43 % 5.65 % 5.57 % Total return before incentive fees (rebate) (2) 3.99 % 4.89 % 5.02 % 7.30 % 8.24 % 8.37 % -0.07 % -0.17 % -0.80 % 0.23 % 0.03 % Total return after incentive fees (rebate) (2) 2.20 % 3.09 % 3.22 % 6.18 % 7.12 % 7.25 % -1.17 % -1.28 % -1.91 % -0.88 % -1.16 % Equinox Frontier Balanced Fund Equinox Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2015 $ 128.03 $ 133.59 $ 179.69 $ 154.88 $ 154.37 $ 90.35 $ 94.28 $ 125.11 Net operating results: Interest income 0.02 0.02 0.03 0.03 0.01 0.00 0.00 0.00 Expenses (4.72 ) (4.27 ) (5.74 ) (4.96 ) (4.94 ) (3.05 ) (1.71 ) (2.27 ) Net gain/(loss) on investments, net of non-controlling interests 7.17 8.89 11.94 10.98 10.98 10.82 11.36 15.08 Net income/(loss) 2.47 4.64 6.23 6.06 6.04 7.77 9.65 12.81 Net asset value, June 30, 2016 $ 130.50 $ 138.23 $ 185.92 $ 160.94 $ 160.41 $ 98.12 $ 103.93 $ 137.92 Ratios to average net assets (3) Net investment income/(loss) -5.57 % -4.56 % -4.56 % -4.56 % -4.56 % -6.13 % -3.12 % -3.12 % Expenses before incentive fees (rebate) (4)(5) 4.02 % 3.00 % 3.00 % 3.00 % 3.00 % 5.84 % 2.83 % 2.83 % Expenses after incentive fees (rebate) (4)(5) 5.60 % 4.59 % 4.59 % 4.59 % 4.59 % 6.13 % 3.12 % 3.12 % Total return before incentive fees (rebate) (2) 3.52 % 5.06 % 5.06 % 5.50 % 5.50 % 8.90 % 10.53 % 10.53 % Total return after incentive fees (rebate) (2) 1.93 % 3.47 % 3.47 % 3.91 % 3.91 % 8.60 % 10.24 % 10.24 % Equinox Frontier Winton Fund Equinox Frontier Heritage Fund Class 1 Class 1AP Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2015 $ 164.17 $ 171.31 $ 217.51 $ 124.27 $ 129.67 $ 173.54 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (6.16 ) (3.84 ) (4.87 ) (3.86 ) (2.03 ) (2.72 ) Net gain/(loss) on investments, net of non-controlling interests 13.52 14.21 18.03 9.36 9.81 13.12 Net income/(loss) 7.36 10.37 13.16 5.50 7.78 10.40 Net asset value, June 30, 2016 $ 171.53 $ 181.68 $ 230.67 $ 129.77 $ 137.45 $ 183.94 Ratios to average net assets (3) Net investment income/(loss) -7.09 % -4.08 % -4.08 % -5.94 % -2.94 % -2.94 % Expenses before incentive fees (rebate) (4)(5) 6.81 % 3.81 % 3.81 % 5.87 % 2.86 % 2.86 % Expenses after incentive fees (rebate) (4)(5) 7.09 % 4.08 % 4.08 % 5.94 % 2.94 % 2.94 % Total return before incentive fees (rebate) (2) 4.76 % 6.33 % 6.33 % 4.50 % 6.08 % 6.07 % Total return after incentive fees (rebate) (2) 4.48 % 6.05 % 6.05 % 4.43 % 6.00 % 5.99 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. (5) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees are included in the total return. |
Derivative Instruments and He25
Derivative Instruments and Hedging Activities (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
Realized Trading Revenue from Futures, Forwards and Options | The following tables summarize the trading revenues for the three and six months ended June 30, 2017 and 2016 by sector: Realized Trading Revenue from Futures, Forwards and Options (1) Type of contract Metals $ (570,768 ) Currencies (2,143,294 ) Energies (950,808 ) Agriculturals 1,082,959 Interest rates (1,564,619 ) Stock indices 2,025,166 Realized trading income/(loss) (1) $ (2,121,364 ) Realized Trading Revenue from Futures, Forwards and Options (1) Type of contract Metals $ (1,284,897 ) Currencies (1,824,831 ) Energies (1,767,386 ) Agriculturals 480,386 Interest rates (2,391,866 ) Stock indices 6,771,415 Realized trading income/(loss) (1) $ (17,179 ) Realized Trading Revenue from Futures, Forwards and Options (1) Type of contract Metals $ (319,642 ) Currencies (436,173 ) Energies (1,720,330 ) Agriculturals (780,272 ) Interest rates 2,347,106 Stock indices (1,982,009 ) Realized trading income/(loss) (1) $ (2,891,319 ) Realized Trading Revenue from Futures, Forwards and Options (1) Type of contract Metals $ (1,714,954 ) Currencies (852,658 ) Energies 531,276 Agriculturals (725,395 ) Interest rates 10,802,304 Stock indices (4,769,138 ) Realized trading income/(loss) (1) $ 3,271,436 (1) Amounts recorded in the Statements of Operations under Net realized gain/(loss) on futures, forwards, and options Net Change in Open Trade Equity from Futures, Forwards and Options (2) Type of contract Metals $ (198,389 ) Currencies (239,580 ) Energies (22,496 ) Agriculturals (577,434 ) Interest rates (144,507 ) Stock indices 49,566 Change in unrealized trading income/(loss) (2) $ (1,132,840 ) Net Change in Open Trade Equity from Futures, Forwards and Options (2) Type of contract Metals $ (187,544 ) Currencies (994,318 ) Energies (318,845 ) Agriculturals (345,693 ) Interest rates (938,210 ) Stock indices (86,217 ) Change in unrealized trading income/(loss) (2) $ (2,870,827 ) Net Change in Open Trade Equity from Futures, Forwards and Options (2) Type of contract Metals $ 347,970 Currencies 437,092 Energies 177,917 Agriculturals 593,390 Interest rates 2,716,120 Stock indices 653,949 Change in unrealized trading income/(loss) (2) $ 4,926,438 Net Change in Open Trade Equity from Futures, Forwards and Options (2) Type of contract Metals $ 2,453,727 Currencies (1,814,632 ) Energies 2,750,280 Agriculturals 567,997 Interest rates 5,914,474 Stock indices 788,124 Change in unrealized trading income/(loss) (2) $ 10,659,970 (2) In the Consolidated Statement of Operations under net change in open trade equity (deficit), at fair value. |
Offsetting of Derivative Assets and Liabilities | The following tables present gross and net information about the Trust’s assets and liabilities subject the master netting arrangements as disclosed on the consolidated statements of financial condition as of June 30, 2017 and December 31, 2016: As of June 30 2017 Gross Amounts of recognized Derivative Assets Gross Amounts offset in the Statements of Financial Condition Net Amounts Presented in the Statements of Financial Condition Open Trade Equity/(Deficit) $ 699,001 $ (2,102,365 ) $ (1,403,364 ) Swap Contracts 36,020,244 — 36,020,244 Offsetting of Derivatives Assets and Liabilities As of December 31, 2016 Gross Amounts of recognized Derivative Assets Gross Amounts offset in the Statements of Financial Condition Net Amounts Presented in the Statements of Financial Condition Open Trade Equity/(Deficit) $ 2,998,612 $ (852,405 ) $ 2,146,207 Swap Contracts 40,189,178 — 40,189,178 |
Series Of Frontier Fund [Member] | |
Monthly Averages of Futures Contracts | The following tables summarize the monthly averages of forwards, options and futures contracts bought and sold for each respective Series of the Trust: For the Three Months Ended June 30, 2017 Monthly average contracts Bought Sold Frontier Balanced Fund 1,553 1,494 Frontier Select Fund 4,296 4,510 Frontier Winton Fund 2,460 2,301 For the Three Months Ended June 30, 2016 Monthly average contracts Bought Sold Frontier Long/Short Commodity Fund 10 4 Frontier Balanced Fund 699 755 Frontier Select Fund 1,081 1,052 For the Six Months Ended June 30, 2017 Monthly average contracts Bought Sold Frontier Balanced Fund 1,509 1,452 Frontier Select Fund 4,690 4,675 Frontier Winton Fund 2,327 2,229 For the Six Months Ended June 30, 2016 Monthly average contracts Bought Sold Frontier Long/Short Commodity Fund 10 4 Frontier Balanced Fund 1,793 1,844 Frontier Select Fund 1,653 1,561 |
Realized Trading Revenue from Futures, Forwards and Options | The following tables summarize the trading revenues for the three and six months ended June 30, 2017 and 2016 by sector: Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended June 30, 2017 Frontier Balanced Frontier Select Frontier Winton Type of contract Fund Fund Fund Metals $ (63,053 ) $ (147,874 ) $ (359,840 ) Currencies (5,207 ) (421,861 ) (1,716,226 ) Energies 62,147 (323,598 ) (689,356 ) Agriculturals (64,480 ) 343,408 804,031 Interest rates (265,202 ) (248,354 ) (1,051,063 ) Stock indices 60,738 (70,118 ) 2,034,547 Realized trading income/(loss) (1) $ (275,058 ) $ (868,397 ) $ (977,909 ) Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended June 30, 2016 Frontier Frontier Balanced Frontier Select Frontier Winton Long/Short Type of contract Fund Fund Fund Commodity Fund Metals $ 5,695 $ (163,523 ) $ (126,926 ) $ (34,888 ) Currencies 151,844 (351,486 ) (236,530 ) — Energies (575,160 ) (317,683 ) (890,237 ) 62,750 Agriculturals (78,678 ) (82,341 ) (501,177 ) (118,076 ) Interest rates 1,771,240 (48,214 ) 624,080 — Stock indices (194,234 ) (433,894 ) (1,353,881 ) — Realized trading income/(loss) (1) $ 1,080,707 $ (1,397,141 ) $ (2,484,671 ) $ (90,214 ) Realized Trading Revenue from Futures, Forwards and Options for the Six Months Ended June 30, 2017 Frontier Balanced Frontier Select Frontier Winton Type of contract Fund Fund Fund Metals $ (77,540 ) $ (145,043 ) $ (1,062,314 ) Currencies (180,216 ) (126,404 ) (1,518,210 ) Energies 36,154 (516,253 ) (1,287,287 ) Agriculturals (253,991 ) 27,824 706,552 Interest rates (452,270 ) (768,438 ) (1,171,158 ) Stock indices 276,695 832,876 5,661,844 Realized trading income/(loss) (1) $ (651,169 ) $ (695,436 ) $ 1,329,426 Realized Trading Revenue from Futures, Forwards and Options for the Six Months Ended June 30, 2016 Frontier Frontier Balanced Frontier Select Frontier Winton Long/Short Type of contract Fund Fund Fund Commodity Fund Metals $ 35,815 $ (272,332 ) $ (1,443,549 ) $ (34,888 ) Currencies (203,648 ) (323,355 ) (325,654 ) — Energies (275,631 ) 739,601 4,556 62,750 Agriculturals (123,427 ) (221,835 ) (262,057 ) (118,076 ) Interest rates 5,401,969 1,303,391 4,096,944 — Stock indices (2,136,813 ) (606,137 ) (2,026,188 ) — Realized trading income/(loss) (1) $ 2,698,265 $ 619,333 $ 44,052 $ (90,214 ) (1) Amounts recorded in the Statements of Operations under Net realized gain/(loss) on futures, forwards, and options Unrealized Trading Revenue from Futures, Forwards and Options for the Three Months Ended June 30, 2017 Equinox Frontier Equinox Frontier Equinox Frontier Type of contract Balanced Fund Select Fund Winton Fund Metals $ (52,828 ) $ (9,063 ) $ (136,499 ) Currencies (96,958 ) (262,703 ) 120,082 Energies 10,716 104,687 (137,899 ) Agriculturals (153,701 ) (146,505 ) (277,228 ) Interest rates 85,379 (63,344 ) (166,541 ) Stock indices (42,702 ) 502,819 (410,552 ) Change in unrealized trading income/(loss) (1) $ (250,095 ) $ 125,890 $ (1,008,635 ) Unrealized Trading Revenue from Futures, Forwards and Options for the Three Months Ended June 30, 2016 Frontier Frontier Balanced Frontier Select Frontier Winton Long/Short Type of contract Fund Fund Fund Commodity Fund Metals $ (259 ) $ 22,451 $ 285,672 $ 40,106 Currencies 245,794 605,374 1,879,078 89,831 Energies (137,957 ) 70,322 (65,121 ) 310,673 Agriculturals (206 ) 71,893 257,839 263,864 Interest rates (34,990 ) 859,887 1,884,744 6,479 Stock indices 412,170 (31,214 ) 290,683 (17,690 ) Change in unrealized trading income/(loss) (1) $ 484,552 $ 1,598,713 $ 4,532,895 $ 693,263 Unrealized Trading Revenue from Futures, Forwards and Options for the Six Months Ended June 30, 2017 Equinox Frontier Equinox Frontier Equinox Frontier Type of contract Balanced Fund Select Fund Winton Fund Metals $ (151,669 ) $ (51,351 ) $ 15,476 Currencies (1,087 ) (370,287 ) (622,946 ) Energies 3,323 (146,125 ) (176,044 ) Agriculturals (156,672 ) 108,409 (297,429 ) Interest rates 6,812 (296,328 ) (648,693 ) Stock indices (19,904 ) 609,833 (676,146 ) Change in unrealized trading income/(loss) (1) $ (319,198 ) $ (145,848 ) $ (2,405,781 ) Unrealized Trading Revenue from Futures, Forwards and Options for the Six Months Ended June 30, 2016 Frontier Frontier Balanced Frontier Select Frontier Winton Long/Short Type of contract Fund Fund Fund Commodity Fund Metals $ (33,002 ) $ (175,960 ) $ (204,565 ) $ 40,106 Currencies (320,038 ) 751,392 1,716,803 89,831 Energies 109,582 (569,034 ) (190,339 ) 310,673 Agriculturals 37,675 82,453 69,760 263,864 Interest rates 246,788 1,335,188 3,111,510 6,479 Stock indices 425,907 170,324 105,880 (17,690 ) Change in unrealized trading income/(loss) (1) $ 466,912 $ 1,594,363 $ 4,609,049 $ 693,263 (1) Amounts recorded in the Statements of Operations under Net change in open trade equity/(deficit) |
Offsetting of Derivative Assets and Liabilities | The following tables present gross and net information about the Series’ assets and liabilities subject to master netting arrangements as disclosed on the statements of financial condition as of June 30, 2017 and December 31, 2016. As of June 30, 2017 Net Amounts Gross Amounts Presented in the Gross Amounts offset in the Statements of of recognized Statements of Financial Derivative Assets Financial Condition Condition Equinox Frontier Balanced Fund Open Trade Equity/(Deficit) $ 228,480 $ (368,785 ) $ (140,305 ) Swap Contracts 19,003,366 — 19,003,366 Equinox Frontier Diversified Fund Swap Contracts $ 8,640,202 $ — $ 8,640,202 Equinox Frontier Long/Short Commodity Fund Swap Contracts $ 609,989 $ — $ 609,989 Equinox Frontier Heritage Fund Swap Contracts $ 7,766,687 $ — $ 7,766,687 Equinox Frontier Winton Fund Open Trade Equity/(Deficit) $ 470,521 $ (1,733,580 ) $ (1,263,059 ) As of December 31, 2016 Net Amounts Gross Amounts Presented in the Gross Amounts offset in the Statements of of recognized Statements of Financial Derivative Assets Financial Condition Condition Frontier Balanced Fund Open Trade Equity/(Deficit) $ 515,659 $ (277,998 ) $ 237,661 Swap Contracts 18,939,450 18,939,450 Frontier Diversified Fund Swap Contracts $ 8,637,847 $ 8,637,847 Frontier Long/Short Commodity Fund Swap Contracts $ 4,220,468 $ 4,220,468 Frontier Heritage Fund Swap Contracts $ 8,391,414 $ 8,391,414 Frontier Select Fund Open Trade Equity/(Deficit) $ 1,136,504 $ (450,482 ) $ 686,022 Frontier Winton Fund Open Trade Equity/(Deficit) $ 2,393,850 $ (1,171,326 ) $ 1,222,524 |
Organization and Purpose (Detai
Organization and Purpose (Details Narrative) | 6 Months Ended |
Jun. 30, 2017 | |
Series Of Frontier Fund [Member] | |
Organization [Line Items] | |
Managing owner contributions to the series of the trust | 1.00% |
Series Of Frontier Fund [Member] | Minimum [Member] | |
Organization [Line Items] | |
Assets normally invested in one or more trading companies | 30.00% |
Series Of Frontier Fund [Member] | Maximum [Member] | |
Organization [Line Items] | |
Assets normally invested in one or more trading companies | 70.00% |
Series Of Frontier Fund [Member] | Class One Or Class Onea [Member] | |
Organization [Line Items] | |
Percentage of NAV charged as a service fees | 3.00% |
Amortized monthly annual rate | 3.00% |
Redemption fee | 3.00% |
Series Of Frontier Fund [Member] | Class One OneAP And Class Onea [Member] | |
Organization [Line Items] | |
Percentage of NAV charged as a service fees | 0.00% |
Series Of Frontier Fund [Member] | Class Two And Class Twoa [Member] | |
Organization [Line Items] | |
Service fee | 0.50% |
Service fee charged to limited owners | 0.25% |
Series Of Frontier Fund [Member] | Class Two [Member] | |
Organization [Line Items] | |
Service fee | 0.25% |
Equinox Frontier Funds [Member] | |
Organization [Line Items] | |
Managing owner contributions to the series of the trust | 1.00% |
Equinox Frontier Funds [Member] | Class One Or Class Onea [Member] | |
Organization [Line Items] | |
Percentage of NAV charged as a service fees | 3.00% |
Amortized monthly annual rate | 3.00% |
Redemption fee | 3.00% |
Equinox Frontier Funds [Member] | Class One OneAP And Class Onea [Member] | |
Organization [Line Items] | |
Redemption fee | 3.00% |
Equinox Frontier Funds [Member] | Class Two And Class Twoa [Member] | |
Organization [Line Items] | |
Service fee | 0.50% |
Service fee charged to limited owners | 0.25% |
Equinox Frontier Funds [Member] | Class Two [Member] | |
Organization [Line Items] | |
Service fee | 0.25% |
Significant Accounting Polici27
Significant Accounting Policies (Details) | 6 Months Ended |
Jun. 30, 2017 | |
Equinox Frontier Funds [Member] | |
Significant Accounting Policies [Line Items] | |
Interest allocated to each Series is paid to the Managing Owner | 20.00% |
Equinox Frontier Long/Short Commodity Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Equinox Frontier Masters Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Equinox Frontier Diversified Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Class OneA TwoA And ThreeA [Member] | Equinox Frontier Balanced Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Class Onea And Class Twoa [Member] | Equinox Frontier Balanced Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Minimum [Member] | Series Of Frontier Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Gross income of the Trust constitutes qualifying income | 90.00% |
Minimum [Member] | Equinox Frontier Funds [Member] | |
Significant Accounting Policies [Line Items] | |
Gross income of the Trust constitutes qualifying income | 90.00% |
Maximum [Member] | Equinox Frontier Select Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% |
Maximum [Member] | Equinox Frontier Winton Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% |
Maximum [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Maximum [Member] | Equinox Frontier Masters Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Maximum [Member] | Equinox Frontier Heritage Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% |
Maximum [Member] | Equinox Frontier Diversified Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Maximum [Member] | Class One, Class 1AP And Class Two [Member] | Equinox Frontier Balanced Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% |
Maximum [Member] | Class One And Class Two [Member] | Equinox Frontier Balanced Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% |
Fair Value Measurements (Detail
Fair Value Measurements (Details) - USD ($) | Jun. 30, 2017 | Dec. 31, 2016 |
Open Trade Equity (Deficit) | $ (1,403,364) | $ 2,146,207 |
Swap Contracts | 36,020,244 | 40,189,178 |
U.S. Treasury Securities | 12,160,193 | 42,757,604 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Open Trade Equity (Deficit) | (1,357,830) | 2,091,623 |
Swap Contracts | ||
U.S. Treasury Securities | 12,160,193 | 42,757,604 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Open Trade Equity (Deficit) | (45,534) | 54,584 |
Swap Contracts | ||
U.S. Treasury Securities | ||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Open Trade Equity (Deficit) | ||
Swap Contracts | 36,020,244 | 40,189,178 |
U.S. Treasury Securities | ||
Equinox Frontier Diversified Fund [Member] | ||
Swap Contracts | 8,640,202 | 8,637,847 |
U.S. Treasury Securities | 4,015,228 | 6,525,280 |
Equinox Frontier Diversified Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment in Unconsolidated Trading Companies | 2,526,317 | 4,201,628 |
Swap Contracts | 8,640,202 | 8,637,847 |
U.S. Treasury Securities | 4,015,228 | 6,525,280 |
Equinox Frontier Diversified Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Investment in Unconsolidated Trading Companies | 2,517,782 | 4,188,662 |
Swap Contracts | ||
U.S. Treasury Securities | 4,015,228 | 6,525,280 |
Equinox Frontier Diversified Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Investment in Unconsolidated Trading Companies | 8,535 | 12,966 |
Swap Contracts | ||
U.S. Treasury Securities | ||
Equinox Frontier Diversified Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Investment in Unconsolidated Trading Companies | ||
Swap Contracts | 8,640,202 | 8,637,847 |
U.S. Treasury Securities | ||
Equinox Frontier Masters Fund [Member] | ||
Swap Contracts | ||
U.S. Treasury Securities | 1,016,118 | 4,313,843 |
Equinox Frontier Masters Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment in Unconsolidated Trading Companies | 1,106,108 | 6,678,106 |
U.S. Treasury Securities | 1,016,118 | 4,313,843 |
Equinox Frontier Masters Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Investment in Unconsolidated Trading Companies | 1,098,996 | 6,667,632 |
U.S. Treasury Securities | 1,016,118 | 4,313,843 |
Equinox Frontier Masters Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Investment in Unconsolidated Trading Companies | 7,112 | 10,474 |
U.S. Treasury Securities | ||
Equinox Frontier Masters Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Swap Contracts | 609,989 | 4,220,468 |
U.S. Treasury Securities | 223,860 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment in Unconsolidated Trading Companies | 45,947 | |
Swap Contracts | 609,989 | 4,220,468 |
U.S. Treasury Securities | 223,860 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Investment in Unconsolidated Trading Companies | 45,947 | |
Swap Contracts | ||
U.S. Treasury Securities | 223,860 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Investment in Unconsolidated Trading Companies | ||
Swap Contracts | ||
U.S. Treasury Securities | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Investment in Unconsolidated Trading Companies | ||
Swap Contracts | 609,989 | 4,220,468 |
U.S. Treasury Securities | ||
Equinox Frontier Balanced Fund [Member] | ||
Swap Contracts | 19,003,366 | 18,939,450 |
U.S. Treasury Securities | 1,854,791 | 9,770,117 |
Equinox Frontier Balanced Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment in Unconsolidated Trading Companies | 2,693,806 | 5,965,331 |
Open Trade Equity (Deficit) | (140,305) | 237,661 |
Swap Contracts | 19,003,366 | 18,939,450 |
U.S. Treasury Securities | 1,854,791 | 9,770,117 |
Equinox Frontier Balanced Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Investment in Unconsolidated Trading Companies | 2,676,735 | 5,998,541 |
Open Trade Equity (Deficit) | (141,720) | 288,647 |
Swap Contracts | ||
U.S. Treasury Securities | 1,854,791 | 9,770,117 |
Equinox Frontier Balanced Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Investment in Unconsolidated Trading Companies | 17,071 | (33,210) |
Open Trade Equity (Deficit) | 1,415 | (50,986) |
Swap Contracts | ||
U.S. Treasury Securities | ||
Equinox Frontier Balanced Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Investment in Unconsolidated Trading Companies | ||
Open Trade Equity (Deficit) | ||
Swap Contracts | 19,003,366 | 18,939,450 |
U.S. Treasury Securities | ||
Equinox Frontier Select Fund [Member] | ||
Swap Contracts | ||
U.S. Treasury Securities | 372,609 | 2,912,611 |
Equinox Frontier Select Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment in Unconsolidated Trading Companies | 2,920,866 | 3,910,866 |
Open Trade Equity (Deficit) | 686,022 | |
U.S. Treasury Securities | 372,609 | 2,912,611 |
Equinox Frontier Select Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Investment in Unconsolidated Trading Companies | 76,478 | 759,978 |
Open Trade Equity (Deficit) | 679,310 | |
U.S. Treasury Securities | 372,609 | 2,912,611 |
Equinox Frontier Select Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Investment in Unconsolidated Trading Companies | 3,609 | |
Open Trade Equity (Deficit) | 6,712 | |
U.S. Treasury Securities | ||
Equinox Frontier Select Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Investment in Unconsolidated Trading Companies | 2,844,388 | 3,147,279 |
Open Trade Equity (Deficit) | ||
U.S. Treasury Securities | ||
Equinox Frontier Winton Fund [Member] | ||
Swap Contracts | ||
U.S. Treasury Securities | 4,051,108 | 15,533,863 |
Equinox Frontier Winton Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment in Unconsolidated Trading Companies | 831,492 | 4,072,450 |
Open Trade Equity (Deficit) | (1,263,059) | 1,222,524 |
U.S. Treasury Securities | 4,051,108 | 15,533,863 |
Equinox Frontier Winton Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Investment in Unconsolidated Trading Companies | 831,492 | 4,020,731 |
Open Trade Equity (Deficit) | (1,216,110) | 1,123,666 |
U.S. Treasury Securities | 4,051,108 | 15,533,863 |
Equinox Frontier Winton Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Investment in Unconsolidated Trading Companies | 51,719 | |
Open Trade Equity (Deficit) | (46,949) | 98,858 |
U.S. Treasury Securities | ||
Equinox Frontier Winton Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Investment in Unconsolidated Trading Companies | ||
Open Trade Equity (Deficit) | ||
U.S. Treasury Securities | ||
Equinox Frontier Heritage Fund [Member] | ||
Swap Contracts | 7,766,687 | 8,391,414 |
U.S. Treasury Securities | 626,479 | 3,701,890 |
Equinox Frontier Heritage Fund [Member] | Fair Value, Measurements, Recurring [Member] | ||
Investment in Unconsolidated Trading Companies | 1,197,135 | 2,744,640 |
Open Trade Equity (Deficit) | 7,766,687 | |
Swap Contracts | 8,391,414 | |
U.S. Treasury Securities | 626,479 | 3,701,890 |
Equinox Frontier Heritage Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Investment in Unconsolidated Trading Companies | 1,187,890 | 2,735,614 |
Open Trade Equity (Deficit) | ||
Swap Contracts | ||
U.S. Treasury Securities | 626,479 | 3,701,890 |
Equinox Frontier Heritage Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Investment in Unconsolidated Trading Companies | 9,245 | 9,026 |
Open Trade Equity (Deficit) | ||
Swap Contracts | ||
U.S. Treasury Securities | ||
Equinox Frontier Heritage Fund [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Investment in Unconsolidated Trading Companies | ||
Open Trade Equity (Deficit) | 7,766,687 | |
Swap Contracts | 8,391,414 | |
U.S. Treasury Securities |
Fair Value Measurements (Deta29
Fair Value Measurements (Details 2) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Change in fair value of investments in unconsolidated trading companies | $ 4,387,139 | $ (869,936) | $ (1,774,772) | $ (869,936) | |
Advance on unrealized Swap Appreciation | |||||
Equinox Frontier Balanced Fund [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Change in fair value of investments in unconsolidated trading companies | 2,164,294 | 459,718 | (1,636,532) | (3,573,756) | |
Equinox Frontier Balanced Fund [Member] | Swap [Member] | Fair Value, Inputs, Level 3 [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Balance of recurring Level 3 assets | 18,939,450 | ||||
Included in earnings-realized | |||||
Included in earnings-unrealized | 63,916 | ||||
Proceeds from collateral reduction | |||||
Change in ownership allocation | |||||
Transfers in and/or out of Level 3 | |||||
Balance of recurring Level 3 assets | 19,003,366 | 19,003,366 | $ 18,939,450 | ||
Equinox Frontier Long/Short Commodity Fund [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Change in fair value of investments in unconsolidated trading companies | 683,495 | 215,592 | (48,430) | 256,920 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | Fair Value, Inputs, Level 3 [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Balance of recurring Level 3 assets | 4,220,468 | 4,332,428 | 4,332,428 | ||
Included in earnings-realized | |||||
Included in earnings-unrealized | (10,429) | (111,960) | |||
Proceeds from collateral reduction | (3,600,050) | ||||
Change in ownership allocation | |||||
Transfers in and/or out of Level 3 | |||||
Balance of recurring Level 3 assets | 609,989 | 609,989 | 4,220,468 | ||
Equinox Frontier Diversified Fund [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Change in fair value of investments in unconsolidated trading companies | 1,146,720 | (941,346) | (1,122,842) | (3,934,130) | |
Equinox Frontier Diversified Fund [Member] | Swap [Member] | Fair Value, Inputs, Level 3 [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Balance of recurring Level 3 assets | 8,637,847 | 8,685,849 | 8,685,849 | ||
Included in earnings-realized | |||||
Included in earnings-unrealized | 2,355 | (48,002) | |||
Change in ownership allocation | |||||
Transfers in and/or out of Level 3 | |||||
Balance of recurring Level 3 assets | 8,640,202 | 8,640,202 | 8,637,847 | ||
Equinox Frontier Heritage Fund [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Change in fair value of investments in unconsolidated trading companies | 229,768 | (86,966) | 207,721 | (196,283) | |
Equinox Frontier Heritage Fund [Member] | Swap [Member] | Fair Value, Inputs, Level 3 [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Balance of recurring Level 3 assets | 8,391,414 | 7,960,268 | 7,960,268 | ||
Included in earnings-realized | |||||
Included in earnings-unrealized | (624,727) | 431,146 | |||
Change in ownership allocation | |||||
Transfers in and/or out of Level 3 | |||||
Balance of recurring Level 3 assets | 7,766,687 | 7,766,687 | 8,391,414 | ||
Equinox Frontier Select Fund [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Change in fair value of investments in unconsolidated trading companies | 648,108 | $ 151,904 | 895,867 | (251,551) | |
Equinox Frontier Select Fund [Member] | Fair Value, Inputs, Level 3 [Member] | Unconsolidated Trading Company [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Balance of recurring Level 3 assets | 3,147,279 | 3,933,919 | 3,933,919 | ||
Change in ownership allocation | (302,891) | ||||
Change in fair value of investments in unconsolidated trading companies | 368,596 | ||||
Advance on unrealized Swap Appreciation | (1,155,236) | ||||
Transfers in and/or out of Level 3 | |||||
Balance of recurring Level 3 assets | 2,844,388 | 2,844,388 | 3,147,279 | ||
Equinox Frontier Funds [Member] | Swap [Member] | Fair Value, Inputs, Level 3 [Member] | |||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||
Balance of recurring Level 3 assets | 40,189,178 | $ 40,136,065 | 40,136,065 | ||
Included in earnings-realized | |||||
Included in earnings-unrealized | (568,884) | 53,113 | |||
Proceeds from collateral reduction | (3,600,050) | ||||
Purchases of investments | |||||
Transfers in and/or out of Level 3 | |||||
Balance of recurring Level 3 assets | $ 36,020,244 | $ 36,020,244 | $ 40,189,178 |
Fair Value Measurements (Deta30
Fair Value Measurements (Details 3) - Fair Value, Inputs, Level 3 [Member] - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2017 | Dec. 31, 2016 | |
Equinox Frontier Diversified Fund [Member] | Swap [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Balance of recurring Level 3 assets Included in earnings-unrealized | $ 2,355 | $ (48,002) |
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Balance of recurring Level 3 assets Included in earnings-unrealized | (10,429) | (111,960) |
Equinox Frontier Balanced Fund [Member] | Swap [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Balance of recurring Level 3 assets Included in earnings-unrealized | 63,916 | (218,070) |
Equinox Frontier Heritage Fund [Member] | Swap [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Balance of recurring Level 3 assets Included in earnings-unrealized | (624,727) | 431,146 |
Equinox Frontier Select Fund [Member] | Unconsolidated Trading Company [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Balance of recurring Level 3 assets Included in earnings-unrealized | (302,891) | 368,596 |
Equinox Frontier Funds [Member] | Swap [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Balance of recurring Level 3 assets Included in earnings-unrealized | $ (568,884) | $ 53,113 |
Swaps (Detail)
Swaps (Detail) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2017 | Dec. 31, 2016 | |
Derivatives, Fair Value [Line Items] | ||
Advance on swap appreciation | $ 9,441,555 | $ 9,441,555 |
Equinox Frontier Balanced Fund [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Advance on swap appreciation | 4,926,555 | 4,926,555 |
Equinox Frontier Diversified Fund [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Advance on swap appreciation | 2,500,000 | 2,500,000 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Advance on swap appreciation | 115,000 | 115,000 |
Equinox Frontier Heritage Fund [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Advance on swap appreciation | 1,900,000 | 1,900,000 |
Swap [Member] | Equinox Frontier Balanced Fund [Member] | Deutsche Bank Ag [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 13,373,629 | $ 22,580,043 |
Termination Date | Aug. 2, 2018 | Aug. 2, 2018 |
Cash Collateral | $ 9,600,000 | $ 9,600,000 |
Swap Value | $ 9,403,366 | $ 9,339,450 |
Investee Returns | Total Returns | Total Returns |
Realized Gain/(Loss) | $ 0 | $ 0 |
Change in Unrealized Gain/(Loss) | 63,916 | (218,070) |
Fair Value | 19,003,366 | 18,939,450 |
Advance on swap appreciation | (4,926,555) | (4,926,555) |
Swap [Member] | Equinox Frontier Diversified Fund [Member] | Deutsche Bank Ag [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 4,651,155 | $ 13,851,707 |
Termination Date | Aug. 2, 2018 | Aug. 2, 2018 |
Cash Collateral | $ 3,400,000 | $ 3,400,000 |
Swap Value | $ 5,240,202 | $ 5,237,847 |
Investee Returns | Total Returns | Total Returns |
Realized Gain/(Loss) | $ 0 | $ 0 |
Change in Unrealized Gain/(Loss) | 2,355 | (48,002) |
Fair Value | 8,640,202 | 8,637,847 |
Advance on swap appreciation | (2,500,000) | (2,500,000) |
Swap [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Deutsche Bank Ag [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 653,610 | $ 1,877,692 |
Termination Date | Aug. 7, 2018 | Aug. 7, 2018 |
Cash Collateral | $ 279,950 | $ 3,880,000 |
Swap Value | $ 330,039 | $ 340,468 |
Investee Returns | Total Returns | Total Returns |
Realized Gain/(Loss) | $ 0 | $ 0 |
Change in Unrealized Gain/(Loss) | (10,429) | (111,960) |
Fair Value | 609,989 | 4,220,468 |
Advance on swap appreciation | (115,000) | (115,000) |
Swap [Member] | Equinox Frontier Heritage Fund [Member] | Deutsche Bank Ag [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 2,072,056 | $ 11,413,283 |
Termination Date | Mar. 26, 2018 | Mar. 26, 2018 |
Cash Collateral | $ 5,986,000 | $ 5,986,000 |
Swap Value | $ 1,780,687 | $ 2,405,414 |
Investee Returns | Total Returns | Total Returns |
Realized Gain/(Loss) | $ 0 | $ 0 |
Change in Unrealized Gain/(Loss) | (624,727) | 431,146 |
Fair Value | 7,766,687 | 8,391,414 |
Advance on swap appreciation | (1,900,000) | (1,900,000) |
Swap [Member] | Frontier Brevan Howard Swap Us [Member] | Deutsche Bank Ag [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 2,072,056 | $ 11,413,283 |
Termination Date | Mar. 26, 2018 | Mar. 26, 2018 |
Cash Collateral | $ 5,986,000 | $ 5,986,000 |
Swap Value | $ 1,780,687 | $ 2,405,414 |
Investee Returns | Total Returns | Total Returns |
Realized Gain/(Loss) | $ 0 | $ 0 |
Change in Unrealized Gain/(Loss) | (624,727) | 431,146 |
Fair Value | 7,766,687 | 8,391,414 |
Advance on swap appreciation | (1,900,000) | (1,900,000) |
Swap [Member] | Frontier Thirty Four Balanced Select Swap Us [Member] | Deutsche Bank Ag [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 13,373,629 | $ 22,580,043 |
Termination Date | Aug. 2, 2018 | Aug. 2, 2018 |
Cash Collateral | $ 9,600,000 | $ 9,600,000 |
Swap Value | $ 9,403,366 | $ 9,339,450 |
Investee Returns | Total Returns | Total Returns |
Realized Gain/(Loss) | $ 0 | $ 0 |
Change in Unrealized Gain/(Loss) | 63,916 | (218,070) |
Fair Value | 19,003,366 | 18,939,450 |
Advance on swap appreciation | (4,926,555) | (4,926,555) |
Swap [Member] | Frontier Thirty Five Diversified Select Swap Us [Member] | Deutsche Bank Ag [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 4,651,155 | $ 13,851,707 |
Termination Date | Aug. 2, 2018 | Aug. 2, 2018 |
Cash Collateral | $ 3,400,000 | $ 3,400,000 |
Swap Value | $ 5,240,202 | $ 5,237,847 |
Investee Returns | Total Returns | Total Returns |
Realized Gain/(Loss) | $ 0 | $ 0 |
Change in Unrealized Gain/(Loss) | 2,355 | (48,002) |
Fair Value | 8,640,202 | 8,637,847 |
Advance on swap appreciation | (2,500,000) | (2,500,000) |
Swap [Member] | Frontier Thirty Seven Ls Select Swap Us [Member] | Deutsche Bank Ag [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 653,610 | $ 1,877,692 |
Termination Date | Aug. 7, 2018 | Aug. 7, 2018 |
Cash Collateral | $ 279,950 | $ 3,880,000 |
Swap Value | $ 330,039 | $ 340,468 |
Investee Returns | Total Returns | Total Returns |
Realized Gain/(Loss) | $ 0 | $ 0 |
Change in Unrealized Gain/(Loss) | (10,429) | (111,960) |
Fair Value | 609,989 | 4,220,468 |
Advance on swap appreciation | $ (115,000) | $ (115,000) |
Swaps (Details Narrative)
Swaps (Details Narrative) | Jun. 30, 2017 | Dec. 31, 2016 |
Series Of Frontier Fund [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Trust's assets deposited with over-the-counter counterparties | 10.58% | 10.20% |
Equinox Frontier Funds [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Trust's assets deposited with over-the-counter counterparties | 10.58% | 10.20% |
Investments in Unconsolidated33
Investments in Unconsolidated Trading Companies (Details) - USD ($) | Jun. 30, 2017 | Dec. 31, 2016 |
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 1.74% | 2.12% |
Investments in unconsolidated trading companies, at fair value | $ 2,461,566 | $ 4,643,329 |
Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 1.45% | 5.23% |
Investments in unconsolidated trading companies, at fair value | $ 2,052,543 | $ 11,465,608 |
Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 2.82% | 2.98% |
Investments in unconsolidated trading companies, at fair value | $ 3,990,704 | $ 6,526,957 |
Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 4.35% | 5.28% |
Investments in unconsolidated trading companies, at fair value | $ 6,146,885 | $ 11,559,976 |
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 5.19% | 5.10% |
Investments in unconsolidated trading companies, at fair value | $ 7,337,849 | $ 11,174,877 |
Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 1.92% | 3.46% |
Investments in unconsolidated trading companies, at fair value | $ 2,717,928 | $ 7,580,702 |
Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 7.50% | 9.33% |
Investments in unconsolidated trading companies, at fair value | $ 10,606,375 | $ 20,442,933 |
Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 5.91% | 8.78% |
Investments in unconsolidated trading companies, at fair value | $ 8,361,265 | $ 19,226,675 |
Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 0.41% | 1.78% |
Investments in unconsolidated trading companies, at fair value | $ 572,587 | $ 3,899,040 |
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 14.84% | |
Investments in unconsolidated trading companies, at fair value | $ 20,978,840 | |
Galaxy Plus Fund - TT Feeder Fund (531) LLC | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 3.92% | |
Investments in unconsolidated trading companies, at fair value | $ 5,536,364 | |
Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 1.77% | 5.11% |
Investments in unconsolidated trading companies, at fair value | $ 2,495,885 | $ 11,197,020 |
Equinox Frontier Diversified Fund [Member] | ||
Investment [Line Items] | ||
Investments in unconsolidated trading companies, at fair value | $ 2,526,317 | $ 4,201,628 |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Companies II and XXXVIII [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 9.46% | 7.44% |
Investments in unconsolidated trading companies, at fair value | $ 2,526,317 | $ 4,201,628 |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 2.51% | 3.29% |
Investments in unconsolidated trading companies, at fair value | $ 671,293 | $ 1,856,786 |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 3.30% | 11.33% |
Investments in unconsolidated trading companies, at fair value | $ 879,782 | $ 6,399,628 |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 5.61% | 4.27% |
Investments in unconsolidated trading companies, at fair value | $ 1,496,938 | $ 2,412,065 |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 5.06% | 6.30% |
Investments in unconsolidated trading companies, at fair value | $ 1,349,448 | $ 3,558,715 |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 6.87% | 7.27% |
Investments in unconsolidated trading companies, at fair value | $ 1,834,373 | $ 4,103,564 |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 0.87% | 1.95% |
Investments in unconsolidated trading companies, at fair value | $ 232,038 | $ 1,099,207 |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 14.76% | 13.85% |
Investments in unconsolidated trading companies, at fair value | $ 3,939,343 | $ 7,819,114 |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 11.63% | 15.23% |
Investments in unconsolidated trading companies, at fair value | $ 3,105,447 | $ 8,600,401 |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 1.29% | 5.31% |
Investments in unconsolidated trading companies, at fair value | $ 343,540 | $ 2,996,494 |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 22.56% | |
Investments in unconsolidated trading companies, at fair value | $ 6,021,231 | |
Equinox Frontier Masters Fund [Member] | ||
Investment [Line Items] | ||
Investments in unconsolidated trading companies, at fair value | $ 1,106,108 | $ 6,678,106 |
Equinox Frontier Masters Fund [Member] | Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 6.62% | 20.12% |
Investments in unconsolidated trading companies, at fair value | $ 879,599 | $ 3,455,090 |
Equinox Frontier Masters Fund [Member] | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 10.25% | 12.81% |
Investments in unconsolidated trading companies, at fair value | $ 1,361,781 | $ 2,198,618 |
Equinox Frontier Masters Fund [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 24.56% | |
Investments in unconsolidated trading companies, at fair value | $ 3,262,632 | |
Equinox Frontier Masters Fund [Member] | Frontier Trading Companies II, XV and XXXVIII [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 8.33% | 38.79% |
Investments in unconsolidated trading companies, at fair value | $ 1,106,108 | $ 6,678,106 |
Equinox Frontier Masters Fund [Member] | Galaxy Plus Fund - TT Feeder Fund (531) LLC | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 18.25% | |
Investments in unconsolidated trading companies, at fair value | $ 2,423,689 | |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Investment [Line Items] | ||
Investments in unconsolidated trading companies, at fair value | $ 45,947 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 5.12% | 17.39% |
Investments in unconsolidated trading companies, at fair value | $ 293,162 | $ 1,610,890 |
Equinox Frontier Long/Short Commodity Fund [Member] | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 12.89% | 17.40% |
Investments in unconsolidated trading companies, at fair value | $ 737,988 | $ 1,611,845 |
Equinox Frontier Long/Short Commodity Fund [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 26.29% | 37.70% |
Investments in unconsolidated trading companies, at fair value | $ 1,504,768 | $ 3,492,407 |
Equinox Frontier Long/Short Commodity Fund [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 31.27% | |
Investments in unconsolidated trading companies, at fair value | $ 1,789,715 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Frontier Trading Company XXXVIII [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 0.80% | |
Investments in unconsolidated trading companies, at fair value | $ 45,947 | |
Equinox Frontier Balanced Fund [Member] | ||
Investment [Line Items] | ||
Investments in unconsolidated trading companies, at fair value | $ 2,693,806 | $ 5,965,331 |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Companies II and XXXVIII [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 4.70% | 7.25% |
Investments in unconsolidated trading companies, at fair value | $ 2,693,806 | $ 5,965,331 |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 3.13% | 3.39% |
Investments in unconsolidated trading companies, at fair value | $ 1,790,273 | $ 2,786,543 |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 4.35% | 5.00% |
Investments in unconsolidated trading companies, at fair value | $ 2,493,766 | $ 4,114,892 |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 4.71% | 5.09% |
Investments in unconsolidated trading companies, at fair value | $ 2,697,668 | $ 4,190,798 |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 9.61% | 8.59% |
Investments in unconsolidated trading companies, at fair value | $ 5,503,476 | $ 7,071,313 |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 1.22% | 3.63% |
Investments in unconsolidated trading companies, at fair value | $ 696,175 | $ 2,989,088 |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 11.64% | 15.34% |
Investments in unconsolidated trading companies, at fair value | $ 6,667,032 | $ 12,623,819 |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 9.18% | 12.91% |
Investments in unconsolidated trading companies, at fair value | $ 5,255,818 | $ 10,626,274 |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 0.40% | 1.10% |
Investments in unconsolidated trading companies, at fair value | $ 229,047 | $ 902,546 |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 17.79% | |
Investments in unconsolidated trading companies, at fair value | $ 10,190,209 | |
Equinox Frontier Select Fund [Member] | ||
Investment [Line Items] | ||
Investments in unconsolidated trading companies, at fair value | $ 2,920,866 | $ 3,910,866 |
Equinox Frontier Select Fund [Member] | Galaxy Plus Fund - TT Feeder Fund (531) LLC | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 41.12% | |
Investments in unconsolidated trading companies, at fair value | $ 3,112,675 | |
Equinox Frontier Select Fund [Member] | Frontier Trading Companies XXXVIII and XXXIX [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 38.59% | 24.33% |
Investments in unconsolidated trading companies, at fair value | $ 2,920,866 | $ 3,910,866 |
Equinox Frontier Winton Fund [Member] | ||
Investment [Line Items] | ||
Investments in unconsolidated trading companies, at fair value | $ 831,492 | $ 4,072,450 |
Equinox Frontier Winton Fund [Member] | Frontier Trading Company XXXVIII [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 3.45% | 9.96% |
Investments in unconsolidated trading companies, at fair value | $ 831,492 | $ 4,072,450 |
Equinox Frontier Heritage Fund [Member] | ||
Investment [Line Items] | ||
Investments in unconsolidated trading companies, at fair value | $ 1,197,135 | $ 2,744,640 |
Equinox Frontier Heritage Fund [Member] | Frontier Trading Companies II and XXXVIII [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 17.92% | 20.48% |
Investments in unconsolidated trading companies, at fair value | $ 1,197,135 | $ 2,744,640 |
Investments in Unconsolidated34
Investments in Unconsolidated Trading Companies (Details 2) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Trading Commissions | $ (1,201,265) | $ (429,436) | $ (4,604,387) | $ (429,436) |
Realized Gain/(Loss) | 3,975,716 | (393,837) | 12,974,128 | (393,837) |
Change in Unrealized Gain/(Loss) | (7,161,590) | 1,693,209 | (6,594,969) | 1,693,209 |
Net Income (Loss) | (4,387,139) | 869,936 | 1,774,772 | 869,936 |
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | ||||
Trading Commissions | (43,490) | (83,685) | ||
Realized Gain/(Loss) | (360,324) | (636,904) | ||
Change in Unrealized Gain/(Loss) | (203,949) | 28,297 | ||
Net Income (Loss) | (607,763) | (692,292) | ||
Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | ||||
Trading Commissions | (35,149) | (87,250) | ||
Realized Gain/(Loss) | 136,451 | 241,203 | ||
Change in Unrealized Gain/(Loss) | (51,240) | (56,055) | ||
Net Income (Loss) | 50,062 | 97,898 | ||
Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | ||||
Trading Commissions | (359,641) | (241,927) | (1,107,801) | (241,927) |
Realized Gain/(Loss) | 1,915,649 | (706,903) | 2,788,186 | (706,903) |
Change in Unrealized Gain/(Loss) | (341,693) | 171,926 | 1,239,617 | 171,926 |
Net Income (Loss) | 1,214,315 | (776,904) | 2,920,002 | (776,904) |
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | ||||
Trading Commissions | (80,271) | (168,674) | ||
Realized Gain/(Loss) | 958,650 | 1,725,922 | ||
Change in Unrealized Gain/(Loss) | (1,127,955) | (616,019) | ||
Net Income (Loss) | (249,576) | 941,229 | ||
Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | ||||
Trading Commissions | (70,250) | (570,790) | (70,250) | |
Realized Gain/(Loss) | (429,324) | (429,324) | ||
Change in Unrealized Gain/(Loss) | (1,103,885) | 155,024 | (1,045,200) | 155,024 |
Net Income (Loss) | (1,103,885) | (344,550) | (1,615,990) | (344,550) |
Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | ||||
Trading Commissions | (156,995) | (1,731,202) | ||
Realized Gain/(Loss) | (182,145) | 6,324,463 | ||
Change in Unrealized Gain/(Loss) | 215,301 | (698,534) | ||
Net Income (Loss) | (123,839) | 3,894,727 | ||
Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC [Member] | ||||
Trading Commissions | (121,432) | (289,593) | ||
Realized Gain/(Loss) | 105,059 | 789,927 | ||
Change in Unrealized Gain/(Loss) | (11,858) | 340,209 | ||
Net Income (Loss) | (28,231) | 840,543 | ||
Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | ||||
Trading Commissions | (27,397) | (68,406) | ||
Realized Gain/(Loss) | 1,910,426 | 2,476,474 | ||
Change in Unrealized Gain/(Loss) | (1,894,086) | (3,156,838) | ||
Net Income (Loss) | (11,057) | (748,770) | ||
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||||
Trading Commissions | (26,272) | (26,272) | ||
Realized Gain/(Loss) | 455,907 | 455,907 | ||
Change in Unrealized Gain/(Loss) | (997,236) | (997,235) | ||
Net Income (Loss) | (567,601) | (567,600) | ||
Galaxy Plus Fund - TT Feeder Fund (531) LLC | ||||
Trading Commissions | (272,608) | (304,329) | ||
Realized Gain/(Loss) | (820,414) | (774,633) | ||
Change in Unrealized Gain/(Loss) | (1,247,592) | (1,212,236) | ||
Net Income (Loss) | (2,340,614) | (2,291,198) | ||
Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC [Member] | ||||
Trading Commissions | (78,010) | (166,385) | ||
Realized Gain/(Loss) | (143,543) | (416,417) | ||
Change in Unrealized Gain/(Loss) | (62,813) | 624,463 | ||
Net Income (Loss) | (284,366) | 41,661 | ||
Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC [Member] | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | (334,584) | (1,045,438) | ||
Net Income (Loss) | (334,584) | (1,045,438) | ||
Galaxy Plus Fund - Chesapeake Feeder Fund (518) [Member] | ||||
Trading Commissions | (124,394) | (124,394) | ||
Realized Gain/(Loss) | 231,630 | 231,630 | ||
Change in Unrealized Gain/(Loss) | 1,589,980 | 1,589,980 | ||
Net Income (Loss) | 1,697,216 | 1,697,216 | ||
Galaxy Plus Fund - Doherty Feeder Fund (528) LLC | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | ||||
Galaxy Plus Fund - QIM Feeder Fund (526) | ||||
Trading Commissions | 69,990 | 69,990 | ||
Realized Gain/(Loss) | (11,251) | (11,251) | ||
Change in Unrealized Gain/(Loss) | (299,944) | (299,944) | ||
Net Income (Loss) | (241,205) | (241,205) | ||
Galaxy Plus Fund - Quantmetrics Feeder Fund (527) | ||||
Trading Commissions | (57,711) | (57,711) | ||
Realized Gain/(Loss) | 519,550 | 519,550 | ||
Change in Unrealized Gain/(Loss) | 13,213 | 13,213 | ||
Net Income (Loss) | 475,052 | 475,052 | ||
Galaxy Plus Fund - Quest Feeder Fund (517) | ||||
Trading Commissions | (5,144) | (5,144) | ||
Realized Gain/(Loss) | 2,461 | 2,461 | ||
Change in Unrealized Gain/(Loss) | 63,010 | 63,010 | ||
Net Income (Loss) | 60,327 | 60,327 | ||
Equinox Frontier Balanced Fund [Member] | ||||
Trading Commissions | (482,152) | (209,441) | (1,936,376) | (422,565) |
Realized Gain/(Loss) | 676,431 | (2,140,002) | 6,360,417 | 1,481,993 |
Change in Unrealized Gain/(Loss) | (2,358,573) | 1,889,725 | (2,787,509) | 2,514,324 |
Net Income (Loss) | (2,164,294) | (459,718) | 1,636,532 | 3,573,756 |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company I, LLC [Member] | ||||
Trading Commissions | (134,840) | (291,912) | ||
Realized Gain/(Loss) | (938,212) | 2,837,850 | ||
Change in Unrealized Gain/(Loss) | 1,224,098 | 384,155 | ||
Net Income (Loss) | 151,046 | 2,930,095 | ||
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company II, LLC [Member] | ||||
Trading Commissions | (29,734) | (4,075) | (32,747) | (7,911) |
Realized Gain/(Loss) | (176,628) | (434,401) | 216,451 | 3,032 |
Change in Unrealized Gain/(Loss) | (185,169) | 793,481 | (414,846) | 798,440 |
Net Income (Loss) | (391,531) | 355,005 | (231,142) | 793,563 |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company VII, LLC [Member] | ||||
Trading Commissions | (55,681) | (97,942) | ||
Realized Gain/(Loss) | 245,437 | 464,066 | ||
Change in Unrealized Gain/(Loss) | (256,984) | 1,509,172 | ||
Net Income (Loss) | (67,228) | 1,875,296 | ||
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Trading Commissions | (13,552) | (23,497) | ||
Realized Gain/(Loss) | (1,022,363) | (1,839,566) | ||
Change in Unrealized Gain/(Loss) | (60,414) | 298,598 | (206,159) | (7,975) |
Net Income (Loss) | (60,414) | (737,317) | (206,159) | (1,871,038) |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company XXIX, LLC [Member] | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | ||||
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company XIV, LLC [Member] | ||||
Trading Commissions | (1,293) | (1,293) | ||
Realized Gain/(Loss) | 9,537 | 9,537 | ||
Change in Unrealized Gain/(Loss) | (15,937) | (15,937) | ||
Net Income (Loss) | (7,693) | (7,693) | ||
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | ||||
Trading Commissions | (23,364) | (44,764) | ||
Realized Gain/(Loss) | (222,017) | (387,975) | ||
Change in Unrealized Gain/(Loss) | (152,905) | (13,621) | ||
Net Income (Loss) | (398,286) | (446,360) | ||
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | ||||
Trading Commissions | (19,523) | (50,359) | ||
Realized Gain/(Loss) | 82,988 | 148,003 | ||
Change in Unrealized Gain/(Loss) | (31,581) | (34,828) | ||
Net Income (Loss) | 31,884 | 62,816 | ||
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | ||||
Trading Commissions | (103,320) | (370,056) | ||
Realized Gain/(Loss) | 628,876 | 934,254 | ||
Change in Unrealized Gain/(Loss) | (146,626) | (473,966) | 440,340 | (473,966) |
Net Income (Loss) | 378,930 | (473,966) | 1,004,538 | (473,966) |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | ||||
Trading Commissions | (46,229) | (97,240) | ||
Realized Gain/(Loss) | 572,197 | 1,057,916 | ||
Change in Unrealized Gain/(Loss) | (767,626) | (443,733) | ||
Net Income (Loss) | (241,658) | 516,943 | ||
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | (313,570) | (76,438) | (758,716) | (76,438) |
Net Income (Loss) | (313,570) | (76,438) | (758,716) | (76,438) |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | ||||
Trading Commissions | (84,339) | (1,053,253) | ||
Realized Gain/(Loss) | (292,686) | 3,793,961 | ||
Change in Unrealized Gain/(Loss) | 307,411 | (147,819) | (295,887) | (147,819) |
Net Income (Loss) | (69,614) | (147,819) | 2,444,821 | (147,819) |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC [Member] | ||||
Trading Commissions | (59,057) | (144,534) | ||
Realized Gain/(Loss) | 14,510 | 393,118 | ||
Change in Unrealized Gain/(Loss) | 23,398 | 530,832 | 217,931 | 530,832 |
Net Income (Loss) | (21,149) | 530,832 | 466,515 | 530,832 |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | ||||
Trading Commissions | (5,563) | (13,489) | ||
Realized Gain/(Loss) | 550,360 | 658,389 | ||
Change in Unrealized Gain/(Loss) | (553,687) | (821,400) | ||
Net Income (Loss) | (8,890) | (176,500) | ||
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||||
Trading Commissions | (111,023) | (129,934) | ||
Realized Gain/(Loss) | (481,169) | (453,700) | ||
Change in Unrealized Gain/(Loss) | (477,804) | 13,860 | (456,590) | 13,860 |
Net Income (Loss) | (1,069,996) | 13,860 | (1,040,224) | 13,860 |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company XXIX, LLC [Member] | ||||
Trading Commissions | (10) | |||
Realized Gain/(Loss) | 7,074 | |||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | 7,064 | |||
Equinox Frontier Winton Fund [Member] | ||||
Trading Commissions | (8,315) | (14,000) | ||
Realized Gain/(Loss) | (478,651) | (996,591) | ||
Change in Unrealized Gain/(Loss) | (21,961) | 8,665 | (303,217) | (75,348) |
Net Income (Loss) | (21,961) | (478,301) | (303,217) | (1,085,939) |
Equinox Frontier Winton Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Trading Commissions | (8,315) | (14,000) | ||
Realized Gain/(Loss) | (478,651) | (996,591) | ||
Change in Unrealized Gain/(Loss) | (21,961) | 8,665 | (303,217) | (75,348) |
Net Income (Loss) | (21,961) | (478,301) | (303,217) | (1,085,939) |
Equinox Frontier Select Fund [Member] | ||||
Trading Commissions | (26,272) | (1,892) | (26,272) | 332,189 |
Realized Gain/(Loss) | 455,907 | (26,387) | 455,907 | (80,638) |
Change in Unrealized Gain/(Loss) | (1,077,743) | (123,624) | (1,325,502) | |
Net Income (Loss) | (648,108) | (151,904) | (895,867) | 251,551 |
Equinox Frontier Select Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Trading Commissions | (195) | |||
Realized Gain/(Loss) | (26,387) | (61,869) | ||
Change in Unrealized Gain/(Loss) | (13,395) | (14,506) | (61,753) | |
Net Income (Loss) | (13,395) | (41,088) | (61,753) | (61,869) |
Equinox Frontier Select Fund [Member] | Frontier Trading Company XXIX, LLC [Member] | ||||
Trading Commissions | (1,697) | (3,394) | ||
Realized Gain/(Loss) | (537) | |||
Change in Unrealized Gain/(Loss) | (103,491) | (109,118) | (302,892) | |
Net Income (Loss) | (103,491) | (110,816) | (302,892) | (3,931) |
Equinox Frontier Select Fund [Member] | Galaxy Plus Fund - TT Feeder Fund (531) LLC | ||||
Trading Commissions | (26,272) | (26,272) | 335,581 | |
Realized Gain/(Loss) | 455,907 | 455,907 | (18,230) | |
Change in Unrealized Gain/(Loss) | (960,857) | (960,857) | ||
Net Income (Loss) | (531,222) | (531,222) | 317,351 | |
Equinox Frontier Heritage Fund [Member] | ||||
Trading Commissions | (59,981) | (3,932) | (61,563) | (7,218) |
Realized Gain/(Loss) | (92,376) | (332,929) | 113,582 | (209,828) |
Change in Unrealized Gain/(Loss) | (77,411) | 423,827 | (259,740) | 413,329 |
Net Income (Loss) | (229,768) | 86,966 | (207,721) | 196,283 |
Equinox Frontier Heritage Fund [Member] | Frontier Trading Company II, LLC [Member] | ||||
Trading Commissions | (59,981) | (2,170) | (61,563) | (4,236) |
Realized Gain/(Loss) | (92,376) | (231,385) | 113,582 | 4,852 |
Change in Unrealized Gain/(Loss) | (45,355) | 421,718 | (165,128) | 429,014 |
Net Income (Loss) | (197,712) | 188,163 | (113,109) | 429,630 |
Equinox Frontier Heritage Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Trading Commissions | (1,762) | (2,982) | ||
Realized Gain/(Loss) | (101,544) | (214,680) | ||
Change in Unrealized Gain/(Loss) | (32,056) | 2,109 | (94,612) | (15,685) |
Net Income (Loss) | (32,056) | (101,197) | (94,612) | (233,347) |
Equinox Frontier Long/Short Commodity Fund [Member] | ||||
Trading Commissions | (122,019) | (11,384) | (796,057) | (36,775) |
Realized Gain/(Loss) | 253,727 | 96,670 | 360,068 | 289,978 |
Change in Unrealized Gain/(Loss) | (815,203) | (300,878) | 316,855 | (510,123) |
Net Income (Loss) | (683,495) | (215,592) | 48,430 | (256,920) |
Equinox Frontier Long/Short Commodity Fund [Member] | Frontier Trading Company I, LLC [Member] | ||||
Trading Commissions | (1,581) | (3,979) | ||
Realized Gain/(Loss) | (129,687) | 145,864 | ||
Change in Unrealized Gain/(Loss) | 124,981 | 32,717 | ||
Net Income (Loss) | (6,287) | 174,602 | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Frontier Trading Company VII, LLC [Member] | ||||
Trading Commissions | (8,929) | (30,876) | ||
Realized Gain/(Loss) | 288,560 | (12,785) | ||
Change in Unrealized Gain/(Loss) | (244,665) | (11,583) | ||
Net Income (Loss) | 34,966 | (55,244) | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Trading Commissions | (874) | (1,920) | ||
Realized Gain/(Loss) | (62,203) | 156,899 | ||
Change in Unrealized Gain/(Loss) | 48,430 | 13,269 | 48,430 | (336,795) |
Net Income (Loss) | 48,430 | (49,808) | 48,430 | (181,816) |
Equinox Frontier Long/Short Commodity Fund [Member] | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | ||||
Trading Commissions | (70,739) | (181,134) | ||
Realized Gain/(Loss) | 274,376 | 398,026 | ||
Change in Unrealized Gain/(Loss) | (21,965) | (387,493) | 195,800 | (387,492) |
Net Income (Loss) | 181,672 | (387,493) | 412,692 | (387,492) |
Equinox Frontier Long/Short Commodity Fund [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | ||||
Trading Commissions | (570,790) | |||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | (668,936) | (57,351) | (57,351) | |
Net Income (Loss) | (668,936) | (57,351) | (570,790) | (57,351) |
Equinox Frontier Long/Short Commodity Fund [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||||
Trading Commissions | (31,126) | (31,126) | ||
Realized Gain/(Loss) | (2,843) | (2,843) | ||
Change in Unrealized Gain/(Loss) | (157,347) | (157,347) | ||
Net Income (Loss) | (191,316) | (191,316) | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC [Member] | ||||
Trading Commissions | (20,154) | (44,133) | ||
Realized Gain/(Loss) | (17,806) | (37,958) | ||
Change in Unrealized Gain/(Loss) | (15,385) | 250,381 | 72,625 | 250,381 |
Net Income (Loss) | (53,345) | 250,381 | (9,466) | 250,381 |
Equinox Frontier Diversified Fund [Member] | ||||
Trading Commissions | (480,970) | (202,258) | (1,553,191) | (402,243) |
Realized Gain/(Loss) | 2,007,788 | (241,738) | 5,773,503 | 1,483,672 |
Change in Unrealized Gain/(Loss) | (2,673,538) | 1,385,342 | (3,097,470) | 2,852,701 |
Net Income (Loss) | (1,146,720) | 941,346 | 1,122,842 | 3,934,130 |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company I, LLC [Member] | ||||
Trading Commissions | (121,692) | (258,906) | ||
Realized Gain/(Loss) | (725,098) | 1,820,739 | ||
Change in Unrealized Gain/(Loss) | 459,962 | (172,448) | ||
Net Income (Loss) | (386,828) | 1,389,385 | ||
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company II, LLC [Member] | ||||
Trading Commissions | (32,754) | (2,990) | (34,961) | (5,852) |
Realized Gain/(Loss) | (131,602) | (318,746) | 156,232 | 8,485 |
Change in Unrealized Gain/(Loss) | (76,660) | 582,063 | (244,744) | 603,376 |
Net Income (Loss) | (241,016) | 260,327 | (123,473) | 606,009 |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company VII, LLC [Member] | ||||
Trading Commissions | (45,661) | (80,881) | ||
Realized Gain/(Loss) | 82,553 | (566,171) | ||
Change in Unrealized Gain/(Loss) | (170,124) | 2,324,104 | ||
Net Income (Loss) | (133,232) | 1,677,052 | ||
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Trading Commissions | 7,062 | (15,326) | ||
Realized Gain/(Loss) | 566,912 | 628,128 | ||
Change in Unrealized Gain/(Loss) | (92,697) | (257,668) | (220,531) | 70,786 |
Net Income (Loss) | (92,697) | 316,306 | (220,531) | 683,588 |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | ||||
Trading Commissions | (20,126) | (38,921) | ||
Realized Gain/(Loss) | (138,307) | (248,929) | ||
Change in Unrealized Gain/(Loss) | (51,044) | 41,918 | ||
Net Income (Loss) | (209,477) | (245,932) | ||
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | ||||
Trading Commissions | (15,626) | (36,891) | ||
Realized Gain/(Loss) | 53,463 | 93,200 | ||
Change in Unrealized Gain/(Loss) | (19,659) | (21,227) | ||
Net Income (Loss) | 18,178 | 35,082 | ||
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | ||||
Trading Commissions | (99,836) | (331,447) | ||
Realized Gain/(Loss) | 663,148 | 937,641 | ||
Change in Unrealized Gain/(Loss) | (134,800) | (1,190,428) | 344,980 | (1,190,428) |
Net Income (Loss) | 428,512 | (1,190,428) | 951,174 | (1,190,428) |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | ||||
Trading Commissions | (34,042) | (71,434) | ||
Realized Gain/(Loss) | 386,453 | 668,006 | ||
Change in Unrealized Gain/(Loss) | (360,329) | (172,286) | ||
Net Income (Loss) | (7,918) | 424,286 | ||
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | (121,379) | (28,777) | (286,484) | (28,777) |
Net Income (Loss) | (121,379) | (28,777) | (286,484) | (28,777) |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | ||||
Trading Commissions | (72,656) | (677,949) | ||
Realized Gain/(Loss) | 110,541 | 2,530,502 | ||
Change in Unrealized Gain/(Loss) | (92,110) | (93,547) | (402,647) | (93,547) |
Net Income (Loss) | (54,225) | (93,547) | 1,449,906 | (93,547) |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC [Member] | ||||
Trading Commissions | (62,375) | (145,059) | ||
Realized Gain/(Loss) | 90,549 | 396,809 | ||
Change in Unrealized Gain/(Loss) | (35,256) | 211,386 | 122,278 | 211,386 |
Net Income (Loss) | (7,082) | 211,386 | 374,028 | 211,386 |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | ||||
Trading Commissions | (21,834) | (54,917) | ||
Realized Gain/(Loss) | 1,360,066 | 1,818,085 | ||
Change in Unrealized Gain/(Loss) | (1,340,399) | 1,030,807 | (2,335,438) | 1,030,807 |
Net Income (Loss) | (2,167) | 1,030,807 | (572,270) | 1,030,807 |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||||
Trading Commissions | (96,591) | (109,401) | ||
Realized Gain/(Loss) | (299,530) | (281,218) | ||
Change in Unrealized Gain/(Loss) | (338,831) | (324,689) | ||
Net Income (Loss) | (734,952) | (715,308) | ||
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC [Member] | ||||
Trading Commissions | (25,130) | (8,493) | (52,211) | (8,493) |
Realized Gain/(Loss) | (86,993) | 998,888 | (296,825) | 998,888 |
Change in Unrealized Gain/(Loss) | (10,374) | 401,400 | ||
Net Income (Loss) | (122,497) | 990,395 | 52,364 | 990,395 |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company XXIII, LLC [Member] | ||||
Trading Commissions | (15,158) | (32,785) | ||
Realized Gain/(Loss) | 186,545 | (1,406,397) | ||
Change in Unrealized Gain/(Loss) | 10,661 | 97,442 | ||
Net Income (Loss) | 182,048 | (1,341,740) | ||
Equinox Frontier Masters Fund [Member] | ||||
Trading Commissions | (191,913) | (51,082) | (367,539) | (94,588) |
Realized Gain/(Loss) | 198,573 | (1,276,951) | 569,684 | (787,840) |
Change in Unrealized Gain/(Loss) | (1,190,988) | 1,598,961 | (995,762) | 2,519,602 |
Net Income (Loss) | (1,164,910) | 270,926 | (793,617) | 1,637,174 |
Equinox Frontier Masters Fund [Member] | Frontier Trading Company I, LLC [Member] | ||||
Trading Commissions | (3,436) | (8,534) | ||
Realized Gain/(Loss) | (281,482) | (318,341) | ||
Change in Unrealized Gain/(Loss) | 523,684 | 171,763 | ||
Net Income (Loss) | 238,766 | (155,112) | ||
Equinox Frontier Masters Fund [Member] | Frontier Trading Company II, LLC [Member] | ||||
Trading Commissions | (39,573) | (1,752) | 25,034 | (3,461) |
Realized Gain/(Loss) | (75,060) | (186,703) | 91,810 | 9,446 |
Change in Unrealized Gain/(Loss) | (193,825) | 340,469 | (290,984) | 363,470 |
Net Income (Loss) | (289,040) | 152,014 | (174,140) | 369,455 |
Equinox Frontier Masters Fund [Member] | Frontier Trading Company VII, LLC [Member] | ||||
Trading Commissions | (27,697) | (48,485) | ||
Realized Gain/(Loss) | (9,074) | (371,922) | ||
Change in Unrealized Gain/(Loss) | (83,101) | 1,208,006 | ||
Net Income (Loss) | (119,872) | 787,599 | ||
Equinox Frontier Masters Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Trading Commissions | (2,345) | (4,857) | ||
Realized Gain/(Loss) | (153,097) | (394,257) | ||
Change in Unrealized Gain/(Loss) | (27,193) | 35,657 | (103,705) | (4,402) |
Net Income (Loss) | (27,193) | (119,787) | (103,705) | (403,516) |
Equinox Frontier Masters Fund [Member] | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | ||||
Trading Commissions | (85,746) | (225,164) | ||
Realized Gain/(Loss) | 349,249 | 518,265 | ||
Change in Unrealized Gain/(Loss) | (38,302) | (710,445) | 258,497 | (710,445) |
Net Income (Loss) | 225,201 | (710,445) | 551,598 | (710,445) |
Equinox Frontier Masters Fund [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||||
Trading Commissions | (33,868) | (33,868) | ||
Realized Gain/(Loss) | (36,872) | (36,872) | ||
Change in Unrealized Gain/(Loss) | (273,610) | (273,610) | ||
Net Income (Loss) | (344,350) | (344,350) | ||
Equinox Frontier Masters Fund [Member] | Galaxy Plus Fund - TT Feeder Fund (531) LLC | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | (621,004) | (621,004) | ||
Net Income (Loss) | (621,004) | (621,004) | ||
Equinox Frontier Masters Fund [Member] | Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC [Member] | ||||
Trading Commissions | (32,726) | (70,041) | ||
Realized Gain/(Loss) | (38,744) | (81,634) | ||
Change in Unrealized Gain/(Loss) | (37,054) | 456,376 | 150,438 | 456,376 |
Net Income (Loss) | (108,524) | 456,376 | (1,237) | 456,376 |
Equinox Frontier Masters Fund [Member] | Frontier Trading Company XV, LLC [Member] | ||||
Trading Commissions | (15,852) | (63,500) | (29,251) | |
Realized Gain/(Loss) | (646,595) | 78,115 | 287,234 | |
Change in Unrealized Gain/(Loss) | 1,036,321 | (115,394) | 1,034,834 | |
Net Income (Loss) | $ 373,874 | $ (100,779) | $ 1,292,817 |
Investments in Unconsolidated35
Investments in Unconsolidated Trading Companies (Details 3) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Trading Commissions | $ (1,201,265) | $ (429,436) | $ (4,604,387) | $ (429,436) |
Realized Gain/(Loss) | 3,975,716 | (393,837) | 12,974,128 | (393,837) |
Change in Unrealized Gain/(Loss) | (7,161,590) | 1,693,209 | (6,594,969) | 1,693,209 |
Net Income (Loss) | (4,387,139) | 869,936 | 1,774,772 | 869,936 |
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | ||||
Trading Commissions | (43,490) | (83,685) | ||
Realized Gain/(Loss) | (360,324) | (636,904) | ||
Change in Unrealized Gain/(Loss) | (203,949) | 28,297 | ||
Net Income (Loss) | (607,763) | (692,292) | ||
Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | ||||
Trading Commissions | (35,149) | (87,250) | ||
Realized Gain/(Loss) | 136,451 | 241,203 | ||
Change in Unrealized Gain/(Loss) | (51,240) | (56,055) | ||
Net Income (Loss) | 50,062 | 97,898 | ||
Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | ||||
Trading Commissions | (359,641) | (241,927) | (1,107,801) | (241,927) |
Realized Gain/(Loss) | 1,915,649 | (706,903) | 2,788,186 | (706,903) |
Change in Unrealized Gain/(Loss) | (341,693) | 171,926 | 1,239,617 | 171,926 |
Net Income (Loss) | 1,214,315 | (776,904) | 2,920,002 | (776,904) |
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | ||||
Trading Commissions | (80,271) | (168,674) | ||
Realized Gain/(Loss) | 958,650 | 1,725,922 | ||
Change in Unrealized Gain/(Loss) | (1,127,955) | (616,019) | ||
Net Income (Loss) | (249,576) | 941,229 | ||
Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | ||||
Trading Commissions | (70,250) | (570,790) | (70,250) | |
Realized Gain/(Loss) | (429,324) | (429,324) | ||
Change in Unrealized Gain/(Loss) | (1,103,885) | 155,024 | (1,045,200) | 155,024 |
Net Income (Loss) | (1,103,885) | (344,550) | (1,615,990) | (344,550) |
Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | ||||
Trading Commissions | (156,995) | (1,731,202) | ||
Realized Gain/(Loss) | (182,145) | 6,324,463 | ||
Change in Unrealized Gain/(Loss) | 215,301 | (698,534) | ||
Net Income (Loss) | (123,839) | 3,894,727 | ||
Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC [Member] | ||||
Trading Commissions | (121,432) | (289,593) | ||
Realized Gain/(Loss) | 105,059 | 789,927 | ||
Change in Unrealized Gain/(Loss) | (11,858) | 340,209 | ||
Net Income (Loss) | (28,231) | 840,543 | ||
Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | ||||
Trading Commissions | (27,397) | (68,406) | ||
Realized Gain/(Loss) | 1,910,426 | 2,476,474 | ||
Change in Unrealized Gain/(Loss) | (1,894,086) | (3,156,838) | ||
Net Income (Loss) | (11,057) | (748,770) | ||
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||||
Trading Commissions | (26,272) | (26,272) | ||
Realized Gain/(Loss) | 455,907 | 455,907 | ||
Change in Unrealized Gain/(Loss) | (997,236) | (997,235) | ||
Net Income (Loss) | (567,601) | (567,600) | ||
Galaxy Plus Fund - TT Feeder Fund (531) LLC | ||||
Trading Commissions | (272,608) | (304,329) | ||
Realized Gain/(Loss) | (820,414) | (774,633) | ||
Change in Unrealized Gain/(Loss) | (1,247,592) | (1,212,236) | ||
Net Income (Loss) | (2,340,614) | (2,291,198) | ||
Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC [Member] | ||||
Trading Commissions | (78,010) | (166,385) | ||
Realized Gain/(Loss) | (143,543) | (416,417) | ||
Change in Unrealized Gain/(Loss) | (62,813) | 624,463 | ||
Net Income (Loss) | (284,366) | 41,661 | ||
Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC [Member] | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | (334,584) | (1,045,438) | ||
Net Income (Loss) | (334,584) | (1,045,438) | ||
Galaxy Plus Fund - Chesapeake Feeder Fund (518) [Member] | ||||
Trading Commissions | (124,394) | (124,394) | ||
Realized Gain/(Loss) | 231,630 | 231,630 | ||
Change in Unrealized Gain/(Loss) | 1,589,980 | 1,589,980 | ||
Net Income (Loss) | 1,697,216 | 1,697,216 | ||
Galaxy Plus Fund - Doherty Feeder Fund (528) LLC | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | ||||
Galaxy Plus Fund - QIM Feeder Fund (526) | ||||
Trading Commissions | 69,990 | 69,990 | ||
Realized Gain/(Loss) | (11,251) | (11,251) | ||
Change in Unrealized Gain/(Loss) | (299,944) | (299,944) | ||
Net Income (Loss) | (241,205) | (241,205) | ||
Galaxy Plus Fund - Quantmetrics Feeder Fund (527) | ||||
Trading Commissions | (57,711) | (57,711) | ||
Realized Gain/(Loss) | 519,550 | 519,550 | ||
Change in Unrealized Gain/(Loss) | 13,213 | 13,213 | ||
Net Income (Loss) | 475,052 | 475,052 | ||
Galaxy Plus Fund - Quest Feeder Fund (517) | ||||
Trading Commissions | (5,144) | (5,144) | ||
Realized Gain/(Loss) | 2,461 | 2,461 | ||
Change in Unrealized Gain/(Loss) | 63,010 | 63,010 | ||
Net Income (Loss) | 60,327 | 60,327 | ||
Equinox Frontier Balanced Fund [Member] | ||||
Trading Commissions | (482,152) | (209,441) | (1,936,376) | (422,565) |
Realized Gain/(Loss) | 676,431 | (2,140,002) | 6,360,417 | 1,481,993 |
Change in Unrealized Gain/(Loss) | (2,358,573) | 1,889,725 | (2,787,509) | 2,514,324 |
Net Income (Loss) | (2,164,294) | (459,718) | 1,636,532 | 3,573,756 |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company I, LLC [Member] | ||||
Trading Commissions | (134,840) | (291,912) | ||
Realized Gain/(Loss) | (938,212) | 2,837,850 | ||
Change in Unrealized Gain/(Loss) | 1,224,098 | 384,155 | ||
Net Income (Loss) | 151,046 | 2,930,095 | ||
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company II, LLC [Member] | ||||
Trading Commissions | (29,734) | (4,075) | (32,747) | (7,911) |
Realized Gain/(Loss) | (176,628) | (434,401) | 216,451 | 3,032 |
Change in Unrealized Gain/(Loss) | (185,169) | 793,481 | (414,846) | 798,440 |
Net Income (Loss) | (391,531) | 355,005 | (231,142) | 793,563 |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company VII, LLC [Member] | ||||
Trading Commissions | (55,681) | (97,942) | ||
Realized Gain/(Loss) | 245,437 | 464,066 | ||
Change in Unrealized Gain/(Loss) | (256,984) | 1,509,172 | ||
Net Income (Loss) | (67,228) | 1,875,296 | ||
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Trading Commissions | (13,552) | (23,497) | ||
Realized Gain/(Loss) | (1,022,363) | (1,839,566) | ||
Change in Unrealized Gain/(Loss) | (60,414) | 298,598 | (206,159) | (7,975) |
Net Income (Loss) | (60,414) | (737,317) | (206,159) | (1,871,038) |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company XXIX, LLC [Member] | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | ||||
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company XIV, LLC [Member] | ||||
Trading Commissions | (1,293) | (1,293) | ||
Realized Gain/(Loss) | 9,537 | 9,537 | ||
Change in Unrealized Gain/(Loss) | (15,937) | (15,937) | ||
Net Income (Loss) | (7,693) | (7,693) | ||
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | ||||
Trading Commissions | (23,364) | (44,764) | ||
Realized Gain/(Loss) | (222,017) | (387,975) | ||
Change in Unrealized Gain/(Loss) | (152,905) | (13,621) | ||
Net Income (Loss) | (398,286) | (446,360) | ||
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | ||||
Trading Commissions | (19,523) | (50,359) | ||
Realized Gain/(Loss) | 82,988 | 148,003 | ||
Change in Unrealized Gain/(Loss) | (31,581) | (34,828) | ||
Net Income (Loss) | 31,884 | 62,816 | ||
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | ||||
Trading Commissions | (103,320) | (370,056) | ||
Realized Gain/(Loss) | 628,876 | 934,254 | ||
Change in Unrealized Gain/(Loss) | (146,626) | (473,966) | 440,340 | (473,966) |
Net Income (Loss) | 378,930 | (473,966) | 1,004,538 | (473,966) |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | ||||
Trading Commissions | (46,229) | (97,240) | ||
Realized Gain/(Loss) | 572,197 | 1,057,916 | ||
Change in Unrealized Gain/(Loss) | (767,626) | (443,733) | ||
Net Income (Loss) | (241,658) | 516,943 | ||
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | (313,570) | (76,438) | (758,716) | (76,438) |
Net Income (Loss) | (313,570) | (76,438) | (758,716) | (76,438) |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | ||||
Trading Commissions | (84,339) | (1,053,253) | ||
Realized Gain/(Loss) | (292,686) | 3,793,961 | ||
Change in Unrealized Gain/(Loss) | 307,411 | (147,819) | (295,887) | (147,819) |
Net Income (Loss) | (69,614) | (147,819) | 2,444,821 | (147,819) |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC [Member] | ||||
Trading Commissions | (59,057) | (144,534) | ||
Realized Gain/(Loss) | 14,510 | 393,118 | ||
Change in Unrealized Gain/(Loss) | 23,398 | 530,832 | 217,931 | 530,832 |
Net Income (Loss) | (21,149) | 530,832 | 466,515 | 530,832 |
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | ||||
Trading Commissions | (5,563) | (13,489) | ||
Realized Gain/(Loss) | 550,360 | 658,389 | ||
Change in Unrealized Gain/(Loss) | (553,687) | (821,400) | ||
Net Income (Loss) | (8,890) | (176,500) | ||
Equinox Frontier Balanced Fund [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||||
Trading Commissions | (111,023) | (129,934) | ||
Realized Gain/(Loss) | (481,169) | (453,700) | ||
Change in Unrealized Gain/(Loss) | (477,804) | 13,860 | (456,590) | 13,860 |
Net Income (Loss) | (1,069,996) | 13,860 | (1,040,224) | 13,860 |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company XXIX, LLC [Member] | ||||
Trading Commissions | (10) | |||
Realized Gain/(Loss) | 7,074 | |||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | 7,064 | |||
Equinox Frontier Winton Fund [Member] | ||||
Trading Commissions | (8,315) | (14,000) | ||
Realized Gain/(Loss) | (478,651) | (996,591) | ||
Change in Unrealized Gain/(Loss) | (21,961) | 8,665 | (303,217) | (75,348) |
Net Income (Loss) | (21,961) | (478,301) | (303,217) | (1,085,939) |
Equinox Frontier Winton Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Trading Commissions | (8,315) | (14,000) | ||
Realized Gain/(Loss) | (478,651) | (996,591) | ||
Change in Unrealized Gain/(Loss) | (21,961) | 8,665 | (303,217) | (75,348) |
Net Income (Loss) | (21,961) | (478,301) | (303,217) | (1,085,939) |
Equinox Frontier Select Fund [Member] | ||||
Trading Commissions | (26,272) | (1,892) | (26,272) | 332,189 |
Realized Gain/(Loss) | 455,907 | (26,387) | 455,907 | (80,638) |
Change in Unrealized Gain/(Loss) | (1,077,743) | (123,624) | (1,325,502) | |
Net Income (Loss) | (648,108) | (151,904) | (895,867) | 251,551 |
Equinox Frontier Select Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Trading Commissions | (195) | |||
Realized Gain/(Loss) | (26,387) | (61,869) | ||
Change in Unrealized Gain/(Loss) | (13,395) | (14,506) | (61,753) | |
Net Income (Loss) | (13,395) | (41,088) | (61,753) | (61,869) |
Equinox Frontier Select Fund [Member] | Frontier Trading Company XXIX, LLC [Member] | ||||
Trading Commissions | (1,697) | (3,394) | ||
Realized Gain/(Loss) | (537) | |||
Change in Unrealized Gain/(Loss) | (103,491) | (109,118) | (302,892) | |
Net Income (Loss) | (103,491) | (110,816) | (302,892) | (3,931) |
Equinox Frontier Select Fund [Member] | Galaxy Plus Fund - TT Feeder Fund (531) LLC | ||||
Trading Commissions | (26,272) | (26,272) | 335,581 | |
Realized Gain/(Loss) | 455,907 | 455,907 | (18,230) | |
Change in Unrealized Gain/(Loss) | (960,857) | (960,857) | ||
Net Income (Loss) | (531,222) | (531,222) | 317,351 | |
Equinox Frontier Heritage Fund [Member] | ||||
Trading Commissions | (59,981) | (3,932) | (61,563) | (7,218) |
Realized Gain/(Loss) | (92,376) | (332,929) | 113,582 | (209,828) |
Change in Unrealized Gain/(Loss) | (77,411) | 423,827 | (259,740) | 413,329 |
Net Income (Loss) | (229,768) | 86,966 | (207,721) | 196,283 |
Equinox Frontier Heritage Fund [Member] | Frontier Trading Company II, LLC [Member] | ||||
Trading Commissions | (59,981) | (2,170) | (61,563) | (4,236) |
Realized Gain/(Loss) | (92,376) | (231,385) | 113,582 | 4,852 |
Change in Unrealized Gain/(Loss) | (45,355) | 421,718 | (165,128) | 429,014 |
Net Income (Loss) | (197,712) | 188,163 | (113,109) | 429,630 |
Equinox Frontier Heritage Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Trading Commissions | (1,762) | (2,982) | ||
Realized Gain/(Loss) | (101,544) | (214,680) | ||
Change in Unrealized Gain/(Loss) | (32,056) | 2,109 | (94,612) | (15,685) |
Net Income (Loss) | (32,056) | (101,197) | (94,612) | (233,347) |
Equinox Frontier Long/Short Commodity Fund [Member] | ||||
Trading Commissions | (122,019) | (11,384) | (796,057) | (36,775) |
Realized Gain/(Loss) | 253,727 | 96,670 | 360,068 | 289,978 |
Change in Unrealized Gain/(Loss) | (815,203) | (300,878) | 316,855 | (510,123) |
Net Income (Loss) | (683,495) | (215,592) | 48,430 | (256,920) |
Equinox Frontier Long/Short Commodity Fund [Member] | Frontier Trading Company I, LLC [Member] | ||||
Trading Commissions | (1,581) | (3,979) | ||
Realized Gain/(Loss) | (129,687) | 145,864 | ||
Change in Unrealized Gain/(Loss) | 124,981 | 32,717 | ||
Net Income (Loss) | (6,287) | 174,602 | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Frontier Trading Company VII, LLC [Member] | ||||
Trading Commissions | (8,929) | (30,876) | ||
Realized Gain/(Loss) | 288,560 | (12,785) | ||
Change in Unrealized Gain/(Loss) | (244,665) | (11,583) | ||
Net Income (Loss) | 34,966 | (55,244) | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Trading Commissions | (874) | (1,920) | ||
Realized Gain/(Loss) | (62,203) | 156,899 | ||
Change in Unrealized Gain/(Loss) | 48,430 | 13,269 | 48,430 | (336,795) |
Net Income (Loss) | 48,430 | (49,808) | 48,430 | (181,816) |
Equinox Frontier Long/Short Commodity Fund [Member] | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | ||||
Trading Commissions | (70,739) | (181,134) | ||
Realized Gain/(Loss) | 274,376 | 398,026 | ||
Change in Unrealized Gain/(Loss) | (21,965) | (387,493) | 195,800 | (387,492) |
Net Income (Loss) | 181,672 | (387,493) | 412,692 | (387,492) |
Equinox Frontier Long/Short Commodity Fund [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | ||||
Trading Commissions | (570,790) | |||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | (668,936) | (57,351) | (57,351) | |
Net Income (Loss) | (668,936) | (57,351) | (570,790) | (57,351) |
Equinox Frontier Long/Short Commodity Fund [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||||
Trading Commissions | (31,126) | (31,126) | ||
Realized Gain/(Loss) | (2,843) | (2,843) | ||
Change in Unrealized Gain/(Loss) | (157,347) | (157,347) | ||
Net Income (Loss) | (191,316) | (191,316) | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC [Member] | ||||
Trading Commissions | (20,154) | (44,133) | ||
Realized Gain/(Loss) | (17,806) | (37,958) | ||
Change in Unrealized Gain/(Loss) | (15,385) | 250,381 | 72,625 | 250,381 |
Net Income (Loss) | (53,345) | 250,381 | (9,466) | 250,381 |
Equinox Frontier Diversified Fund [Member] | ||||
Trading Commissions | (480,970) | (202,258) | (1,553,191) | (402,243) |
Realized Gain/(Loss) | 2,007,788 | (241,738) | 5,773,503 | 1,483,672 |
Change in Unrealized Gain/(Loss) | (2,673,538) | 1,385,342 | (3,097,470) | 2,852,701 |
Net Income (Loss) | (1,146,720) | 941,346 | 1,122,842 | 3,934,130 |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company I, LLC [Member] | ||||
Trading Commissions | (121,692) | (258,906) | ||
Realized Gain/(Loss) | (725,098) | 1,820,739 | ||
Change in Unrealized Gain/(Loss) | 459,962 | (172,448) | ||
Net Income (Loss) | (386,828) | 1,389,385 | ||
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company II, LLC [Member] | ||||
Trading Commissions | (32,754) | (2,990) | (34,961) | (5,852) |
Realized Gain/(Loss) | (131,602) | (318,746) | 156,232 | 8,485 |
Change in Unrealized Gain/(Loss) | (76,660) | 582,063 | (244,744) | 603,376 |
Net Income (Loss) | (241,016) | 260,327 | (123,473) | 606,009 |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company VII, LLC [Member] | ||||
Trading Commissions | (45,661) | (80,881) | ||
Realized Gain/(Loss) | 82,553 | (566,171) | ||
Change in Unrealized Gain/(Loss) | (170,124) | 2,324,104 | ||
Net Income (Loss) | (133,232) | 1,677,052 | ||
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Trading Commissions | 7,062 | (15,326) | ||
Realized Gain/(Loss) | 566,912 | 628,128 | ||
Change in Unrealized Gain/(Loss) | (92,697) | (257,668) | (220,531) | 70,786 |
Net Income (Loss) | (92,697) | 316,306 | (220,531) | 683,588 |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | ||||
Trading Commissions | (20,126) | (38,921) | ||
Realized Gain/(Loss) | (138,307) | (248,929) | ||
Change in Unrealized Gain/(Loss) | (51,044) | 41,918 | ||
Net Income (Loss) | (209,477) | (245,932) | ||
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | ||||
Trading Commissions | (15,626) | (36,891) | ||
Realized Gain/(Loss) | 53,463 | 93,200 | ||
Change in Unrealized Gain/(Loss) | (19,659) | (21,227) | ||
Net Income (Loss) | 18,178 | 35,082 | ||
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | ||||
Trading Commissions | (99,836) | (331,447) | ||
Realized Gain/(Loss) | 663,148 | 937,641 | ||
Change in Unrealized Gain/(Loss) | (134,800) | (1,190,428) | 344,980 | (1,190,428) |
Net Income (Loss) | 428,512 | (1,190,428) | 951,174 | (1,190,428) |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | ||||
Trading Commissions | (34,042) | (71,434) | ||
Realized Gain/(Loss) | 386,453 | 668,006 | ||
Change in Unrealized Gain/(Loss) | (360,329) | (172,286) | ||
Net Income (Loss) | (7,918) | 424,286 | ||
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | (121,379) | (28,777) | (286,484) | (28,777) |
Net Income (Loss) | (121,379) | (28,777) | (286,484) | (28,777) |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | ||||
Trading Commissions | (72,656) | (677,949) | ||
Realized Gain/(Loss) | 110,541 | 2,530,502 | ||
Change in Unrealized Gain/(Loss) | (92,110) | (93,547) | (402,647) | (93,547) |
Net Income (Loss) | (54,225) | (93,547) | 1,449,906 | (93,547) |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Quantmetrics Feeder Fund (527) LLC [Member] | ||||
Trading Commissions | (62,375) | (145,059) | ||
Realized Gain/(Loss) | 90,549 | 396,809 | ||
Change in Unrealized Gain/(Loss) | (35,256) | 211,386 | 122,278 | 211,386 |
Net Income (Loss) | (7,082) | 211,386 | 374,028 | 211,386 |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | ||||
Trading Commissions | (21,834) | (54,917) | ||
Realized Gain/(Loss) | 1,360,066 | 1,818,085 | ||
Change in Unrealized Gain/(Loss) | (1,340,399) | 1,030,807 | (2,335,438) | 1,030,807 |
Net Income (Loss) | (2,167) | 1,030,807 | (572,270) | 1,030,807 |
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||||
Trading Commissions | (96,591) | (109,401) | ||
Realized Gain/(Loss) | (299,530) | (281,218) | ||
Change in Unrealized Gain/(Loss) | (338,831) | (324,689) | ||
Net Income (Loss) | (734,952) | (715,308) | ||
Equinox Frontier Diversified Fund [Member] | Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC [Member] | ||||
Trading Commissions | (25,130) | (8,493) | (52,211) | (8,493) |
Realized Gain/(Loss) | (86,993) | 998,888 | (296,825) | 998,888 |
Change in Unrealized Gain/(Loss) | (10,374) | 401,400 | ||
Net Income (Loss) | (122,497) | 990,395 | 52,364 | 990,395 |
Equinox Frontier Diversified Fund [Member] | Equinox Frontier Trading Company XXXIV, LLC [Member] | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | 590,395 | |||
Net Income (Loss) | 590,395 | |||
Equinox Frontier Diversified Fund [Member] | Equinox Frontier Trading Company XVIII, LLC [Member] | ||||
Trading Commissions | (15,326) | |||
Realized Gain/(Loss) | (1,032,792) | |||
Change in Unrealized Gain/(Loss) | 70,786 | |||
Net Income (Loss) | (977,332) | |||
Equinox Frontier Diversified Fund [Member] | Equinox Frontier Trading Company XXI, LLC [Member] | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | 169,826 | |||
Net Income (Loss) | 169,826 | |||
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company XXIII, LLC [Member] | ||||
Trading Commissions | (15,158) | (32,785) | ||
Realized Gain/(Loss) | 186,545 | (1,406,397) | ||
Change in Unrealized Gain/(Loss) | 10,661 | 97,442 | ||
Net Income (Loss) | 182,048 | (1,341,740) | ||
Equinox Frontier Masters Fund [Member] | ||||
Trading Commissions | (191,913) | (51,082) | (367,539) | (94,588) |
Realized Gain/(Loss) | 198,573 | (1,276,951) | 569,684 | (787,840) |
Change in Unrealized Gain/(Loss) | (1,190,988) | 1,598,961 | (995,762) | 2,519,602 |
Net Income (Loss) | (1,164,910) | 270,926 | (793,617) | 1,637,174 |
Equinox Frontier Masters Fund [Member] | Frontier Trading Company I, LLC [Member] | ||||
Trading Commissions | (3,436) | (8,534) | ||
Realized Gain/(Loss) | (281,482) | (318,341) | ||
Change in Unrealized Gain/(Loss) | 523,684 | 171,763 | ||
Net Income (Loss) | 238,766 | (155,112) | ||
Equinox Frontier Masters Fund [Member] | Frontier Trading Company II, LLC [Member] | ||||
Trading Commissions | (39,573) | (1,752) | 25,034 | (3,461) |
Realized Gain/(Loss) | (75,060) | (186,703) | 91,810 | 9,446 |
Change in Unrealized Gain/(Loss) | (193,825) | 340,469 | (290,984) | 363,470 |
Net Income (Loss) | (289,040) | 152,014 | (174,140) | 369,455 |
Equinox Frontier Masters Fund [Member] | Frontier Trading Company VII, LLC [Member] | ||||
Trading Commissions | (27,697) | (48,485) | ||
Realized Gain/(Loss) | (9,074) | (371,922) | ||
Change in Unrealized Gain/(Loss) | (83,101) | 1,208,006 | ||
Net Income (Loss) | (119,872) | 787,599 | ||
Equinox Frontier Masters Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||||
Trading Commissions | (2,345) | (4,857) | ||
Realized Gain/(Loss) | (153,097) | (394,257) | ||
Change in Unrealized Gain/(Loss) | (27,193) | 35,657 | (103,705) | (4,402) |
Net Income (Loss) | (27,193) | (119,787) | (103,705) | (403,516) |
Equinox Frontier Masters Fund [Member] | Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | ||||
Trading Commissions | (85,746) | (225,164) | ||
Realized Gain/(Loss) | 349,249 | 518,265 | ||
Change in Unrealized Gain/(Loss) | (38,302) | (710,445) | 258,497 | (710,445) |
Net Income (Loss) | 225,201 | (710,445) | 551,598 | (710,445) |
Equinox Frontier Masters Fund [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||||
Trading Commissions | (33,868) | (33,868) | ||
Realized Gain/(Loss) | (36,872) | (36,872) | ||
Change in Unrealized Gain/(Loss) | (273,610) | (273,610) | ||
Net Income (Loss) | (344,350) | (344,350) | ||
Equinox Frontier Masters Fund [Member] | Galaxy Plus Fund - TT Feeder Fund (531) LLC | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | (621,004) | (621,004) | ||
Net Income (Loss) | (621,004) | (621,004) | ||
Equinox Frontier Masters Fund [Member] | Galaxy Plus Fund - Chesapeake Feeder Fund (518) LLC [Member] | ||||
Trading Commissions | (32,726) | (70,041) | ||
Realized Gain/(Loss) | (38,744) | (81,634) | ||
Change in Unrealized Gain/(Loss) | (37,054) | 456,376 | 150,438 | 456,376 |
Net Income (Loss) | (108,524) | 456,376 | (1,237) | 456,376 |
Equinox Frontier Masters Fund [Member] | Frontier Trading Company XV, LLC [Member] | ||||
Trading Commissions | (15,852) | (63,500) | (29,251) | |
Realized Gain/(Loss) | (646,595) | 78,115 | 287,234 | |
Change in Unrealized Gain/(Loss) | 1,036,321 | (115,394) | 1,034,834 | |
Net Income (Loss) | $ 373,874 | $ (100,779) | $ 1,292,817 |
Transactions with Affiliates (D
Transactions with Affiliates (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Incentive Fee | $ (87,670) | $ 652,817 | $ (205,571) | $ 3,063,443 |
Management Fee | 684,035 | 903,326 | 1,212,823 | 2,204,887 |
Trading Fee | 1,595,112 | 769,612 | 3,126,515 | 1,759,690 |
Equinox Frontier Diversified Fund [Member] | ||||
Incentive Fee | 131,219 | (63,508) | 1,052,255 | |
Management Fee | 27,784 | 177,249 | 55,742 | 416,096 |
Trading Fee | 466,107 | 349,658 | 932,781 | 706,366 |
Equinox Frontier Diversified Fund [Member] | Managing Owner [Member] | Receivable [Member] | ||||
Incentive Fee | 131,219 | (63,508) | 1,052,255 | |
Management Fee | 27,784 | 177,249 | 55,742 | 416,096 |
Service Fee | 41,352 | 59,301 | 86,185 | 135,479 |
Trading Fee | 466,107 | 349,658 | 932,781 | 706,366 |
Equinox Frontier Masters Fund [Member] | ||||
Incentive Fee | 15,801 | 242,029 | ||
Management Fee | 58,094 | 120,462 | 123,905 | 282,097 |
Trading Fee | 186,409 | 121,827 | 376,584 | 260,171 |
Equinox Frontier Masters Fund [Member] | Managing Owner [Member] | Receivable [Member] | ||||
Incentive Fee | 15,801 | 242,029 | ||
Management Fee | 38,676 | 120,462 | 143,323 | 282,097 |
Service Fee | 24,160 | 36,877 | 52,934 | 84,012 |
Trading Fee | 186,409 | 121,827 | 376,584 | 260,171 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||||
Incentive Fee | (87,670) | (87,670) | 134,601 | |
Management Fee | 47,367 | 185,913 | ||
Trading Fee | 66,308 | 43,982 | 143,093 | 93,601 |
Equinox Frontier Long/Short Commodity Fund [Member] | Managing Owner [Member] | Receivable [Member] | ||||
Incentive Fee | (87,670) | (87,670) | 134,601 | |
Management Fee | 47,367 | 185,913 | ||
Service Fee | 3,510 | 12,542 | 10,971 | 33,573 |
Trading Fee | 66,308 | 43,982 | 143,093 | 93,601 |
Equinox Frontier Balanced Fund [Member] | ||||
Incentive Fee | 489,916 | 1,425,533 | ||
Management Fee | 38,058 | 164,553 | 76,537 | 398,578 |
Trading Fee | 623,456 | 143,669 | 1,163,171 | 2,734 |
Equinox Frontier Balanced Fund [Member] | Managing Owner [Member] | Receivable [Member] | ||||
Incentive Fee | 489,916 | 1,425,533 | ||
Management Fee | 38,058 | 164,553 | 76,537 | 398,578 |
Service Fee | 384,415 | 450,955 | 783,275 | 935,027 |
Trading Fee | 623,456 | 143,669 | 1,163,171 | 316,458 |
Equinox Frontier Select Fund [Member] | ||||
Incentive Fee | 15,881 | 39,867 | ||
Management Fee | 26,454 | 67,902 | 102,047 | 138,723 |
Trading Fee | 49,223 | 24,122 | 98,267 | |
Equinox Frontier Select Fund [Member] | Managing Owner [Member] | Receivable [Member] | ||||
Incentive Fee | 15,881 | 39,867 | ||
Management Fee | 26,454 | 67,902 | 82,629 | 138,723 |
Service Fee | 60,437 | 85,705 | 129,768 | 179,149 |
Trading Fee | 49,223 | 24,122 | 98,267 | 50,302 |
Equinox Frontier Winton Fund [Member] | ||||
Incentive Fee | (49,790) | 99,067 | ||
Management Fee | 227,131 | 265,095 | 489,086 | 540,915 |
Trading Fee | 154,026 | 64,892 | 303,364 | 133,216 |
Equinox Frontier Winton Fund [Member] | Managing Owner [Member] | Receivable [Member] | ||||
Incentive Fee | (49,790) | 99,067 | ||
Management Fee | 265,095 | 265,095 | 489,086 | 540,915 |
Service Fee | 126,462 | 169,823 | 269,091 | 349,678 |
Trading Fee | 154,026 | 64,892 | 303,364 | 133,216 |
Equinox Frontier Heritage Fund [Member] | ||||
Incentive Fee | (4,603) | 9,072 | ||
Management Fee | 58,866 | 60,698 | 117,858 | 123,719 |
Trading Fee | 49,583 | 21,462 | 109,257 | 40,676 |
Equinox Frontier Heritage Fund [Member] | Managing Owner [Member] | Receivable [Member] | ||||
Incentive Fee | (4,603) | 9,072 | ||
Management Fee | 58,866 | 60,698 | 117,858 | 123,719 |
Service Fee | 48,692 | 63,757 | 100,787 | 131,426 |
Trading Fee | $ 63,757 | $ 17,962 | $ 109,257 | $ 40,676 |
Transactions with Affiliates 37
Transactions with Affiliates (Details 2) - USD ($) | Jun. 30, 2017 | Dec. 31, 2016 |
Management Fee | $ 247,900 | $ 433,430 |
Service Fee | 258,556 | 239,520 |
Equinox Frontier Diversified Fund [Member] | ||
Management Fee | 23,496 | |
Service Fee | 61,852 | 15,193 |
Equinox Frontier Diversified Fund [Member] | Managing Owner [Member] | Payable [Member] | ||
Incentive Fee | ||
Management Fee | 23,496 | |
Interest Fees | ||
Service Fee | 61,852 | 15,193 |
Trading Fee | 145,020 | 147,183 |
Equinox Frontier Masters Fund [Member] | ||
Management Fee | 50,174 | |
Service Fee | 14,211 | 9,037 |
Equinox Frontier Masters Fund [Member] | Managing Owner [Member] | Payable [Member] | ||
Incentive Fee | ||
Management Fee | 50,174 | |
Interest Fees | ||
Service Fee | 14,211 | 9,037 |
Trading Fee | 56,704 | 57,890 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Management Fee | ||
Service Fee | 1,591 | 3,542 |
Equinox Frontier Long/Short Commodity Fund [Member] | Managing Owner [Member] | Payable [Member] | ||
Incentive Fee | ||
Management Fee | ||
Interest Fees | 3,091 | |
Service Fee | 1,591 | 3,542 |
Trading Fee | 20,034 | 23,478 |
Equinox Frontier Balanced Fund [Member] | ||
Management Fee | 3,817 | 25,217 |
Service Fee | 116,539 | 129,956 |
Equinox Frontier Balanced Fund [Member] | Managing Owner [Member] | Payable [Member] | ||
Incentive Fee | ||
Management Fee | 3,817 | 25,217 |
Interest Fees | 184,466 | 21,606 |
Service Fee | 116,539 | 129,956 |
Trading Fee | 198,617 | 203,324 |
Equinox Frontier Select Fund [Member] | ||
Management Fee | 21,219 | |
Service Fee | 18,069 | 25,966 |
Equinox Frontier Select Fund [Member] | Managing Owner [Member] | Payable [Member] | ||
Incentive Fee | ||
Management Fee | 21,219 | |
Interest Fees | 3,276 | 3,518 |
Service Fee | 18,069 | 25,966 |
Trading Fee | 15,892 | 1,829 |
Equinox Frontier Winton Fund [Member] | ||
Management Fee | 244,083 | 256,824 |
Service Fee | 37,136 | 39,370 |
Equinox Frontier Winton Fund [Member] | Managing Owner [Member] | Payable [Member] | ||
Incentive Fee | ||
Management Fee | 244,083 | 256,824 |
Interest Fees | 37,136 | 30,730 |
Service Fee | 50,609 | 39,370 |
Trading Fee | 69,931 | 55,142 |
Equinox Frontier Heritage Fund [Member] | ||
Management Fee | 56,501 | |
Service Fee | 9,157 | 16,457 |
Equinox Frontier Heritage Fund [Member] | Managing Owner [Member] | Payable [Member] | ||
Incentive Fee | ||
Management Fee | 56,501 | |
Interest Fees | 3,756 | 7,420 |
Service Fee | 9,157 | 16,457 |
Trading Fee | $ 16,830 | $ 17,953 |
Transactions with Affiliates 38
Transactions with Affiliates (Details 3) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Gross amount paid to the managing owner | $ 153,048 | $ 376,170 | $ 272,752 | $ 902,656 |
Equinox Frontier Diversified Fund [Member] | Class One [Member] | ||||
Gross amount paid to the managing owner | $ 1,188 | $ (3,860) | $ 7,806 | |
Ratio to average net assets | 0.01% | 0.01% | (0.09%) | 0.08% |
Equinox Frontier Diversified Fund [Member] | Class Two [Member] | ||||
Gross amount paid to the managing owner | $ 5,454 | $ (19,555) | $ 29,461 | |
Ratio to average net assets | 0.01% | 0.01% | (0.05%) | 0.08% |
Equinox Frontier Diversified Fund [Member] | Class Three [Member] | ||||
Gross amount paid to the managing owner | $ 1,837 | $ (7,071) | $ 9,208 | |
Ratio to average net assets | 0.02% | 0.02% | (0.05%) | 0.08% |
Equinox Frontier Masters Fund [Member] | Class One [Member] | ||||
Gross amount paid to the managing owner | $ 797 | $ (4,674) | $ 5,968 | |
Ratio to average net assets | 0.01% | 0.01% | (0.10%) | 0.08% |
Equinox Frontier Masters Fund [Member] | Class Two [Member] | ||||
Gross amount paid to the managing owner | $ 775 | $ (4,780) | $ 5,754 | |
Ratio to average net assets | 0.01% | 0.01% | (0.09%) | 0.08% |
Equinox Frontier Masters Fund [Member] | Class Three [Member] | ||||
Gross amount paid to the managing owner | $ 798 | $ (5,338) | $ 4,993 | |
Ratio to average net assets | 0.01% | 0.01% | (0.08%) | 0.07% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Two [Member] | ||||
Gross amount paid to the managing owner | $ 228 | $ 85 | $ 132 | $ 529 |
Ratio to average net assets | 0.05% | 0.01% | 0.02% | 0.06% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Three [Member] | ||||
Gross amount paid to the managing owner | $ 1,842 | $ 407 | $ 1,277 | $ 2,975 |
Ratio to average net assets | 0.05% | 0.01% | 0.03% | 0.05% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Onea [Member] | ||||
Gross amount paid to the managing owner | $ 0 | $ 291 | $ 533 | $ 2,069 |
Ratio to average net assets | 0.00% | 0.01% | 0.05% | 0.05% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Twoa [Member] | ||||
Gross amount paid to the managing owner | $ 0 | $ 104 | $ 233 | $ 679 |
Ratio to average net assets | 0.00% | 0.01% | 0.03% | 0.06% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class Threea [Member] | ||||
Gross amount paid to the managing owner | $ 0 | $ 47 | $ 189 | $ 424 |
Ratio to average net assets | 0.00% | 0.01% | 0.01% | 0.05% |
Equinox Frontier Balanced Fund [Member] | Class One [Member] | ||||
Gross amount paid to the managing owner | $ 155,792 | $ 148,636 | $ 190,384 | $ 338,243 |
Ratio to average net assets | 0.30% | 0.24% | 0.36% | 0.54% |
Equinox Frontier Balanced Fund [Member] | Class Two [Member] | ||||
Gross amount paid to the managing owner | $ 38,500 | $ 53,414 | $ 52,569 | $ 123,177 |
Ratio to average net assets | 0.18% | 0.23% | 0.24% | 0.54% |
Equinox Frontier Balanced Fund [Member] | Class Twoa [Member] | ||||
Gross amount paid to the managing owner | $ 493 | $ 273 | $ 571 | $ 611 |
Ratio to average net assets | 0.08% | 0.05% | 0.10% | 0.11% |
Equinox Frontier Balanced Fund [Member] | Class Threea [Member] | ||||
Gross amount paid to the managing owner | $ 1,204 | $ 1,203 | $ 1,452 | $ 2,701 |
Ratio to average net assets | 0.07% | 0.05% | 0.09% | 0.11% |
Equinox Frontier Balanced Fund [Member] | Class OneAP [Member] | ||||
Gross amount paid to the managing owner | $ 2,005 | $ 1,659 | $ 2,416 | $ 3,856 |
Ratio to average net assets | 0.33% | 0.01% | 0.38% | 0.02% |
Equinox Frontier Select Fund [Member] | Class One [Member] | ||||
Gross amount paid to the managing owner | $ 10,569 | $ 3,173 | $ 23,654 | $ 13,062 |
Ratio to average net assets | 0.13% | 0.03% | 0.27% | 0.11% |
Equinox Frontier Select Fund [Member] | Class Two [Member] | ||||
Gross amount paid to the managing owner | $ 1,690 | $ 383 | $ 3,609 | $ 1,534 |
Ratio to average net assets | 0.13% | 0.03% | 0.27% | 0.11% |
Equinox Frontier Select Fund [Member] | Class OneAP [Member] | ||||
Gross amount paid to the managing owner | $ 31 | $ 14 | $ 67 | $ 54 |
Ratio to average net assets | 0.13% | 0.00% | 0.27% | 0.00% |
Equinox Frontier Winton Fund [Member] | Class One [Member] | ||||
Gross amount paid to the managing owner | $ (38,915) | $ 84,303 | $ 12,162 | $ 189,090 |
Ratio to average net assets | (0.23%) | 0.36% | 0.07% | 0.81% |
Equinox Frontier Winton Fund [Member] | Class Two [Member] | ||||
Gross amount paid to the managing owner | $ (35,722) | $ 43,889 | $ (6,078) | $ 98,658 |
Ratio to average net assets | (0.32%) | 0.36% | (0.05%) | 0.81% |
Equinox Frontier Winton Fund [Member] | Class OneAP [Member] | ||||
Gross amount paid to the managing owner | $ (116) | $ 137 | $ (24) | $ 305 |
Ratio to average net assets | (0.33%) | 0.00% | (0.07%) | 0.01% |
Equinox Frontier Heritage Fund [Member] | Class One [Member] | ||||
Gross amount paid to the managing owner | $ 11,940 | $ 20,282 | $ 26,122 | $ 45,755 |
Ratio to average net assets | 0.18% | 0.23% | 0.38% | 0.52% |
Equinox Frontier Heritage Fund [Member] | Class Two [Member] | ||||
Gross amount paid to the managing owner | $ 10 | $ 6,913 | $ 8,742 | $ 15,461 |
Ratio to average net assets | 0.18% | 0.23% | 0.39% | 0.52% |
Equinox Frontier Heritage Fund [Member] | Class OneAP [Member] | ||||
Gross amount paid to the managing owner | $ 3,498 | $ 108 | $ 21 | $ 283 |
Ratio to average net assets | 0.19% | 0.00% | 0.37% | 0.01% |
Financial Highlights (Details)
Financial Highlights (Details) - $ / shares | 3 Months Ended | 6 Months Ended | |||||||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | ||||||
Net investment gain/(loss) | [1] | (7.26%) | (3.96%) | (6.27%) | (4.52%) | ||||
Expenses before incentive fees | [1],[2] | 7.26% | 4.27% | 6.44% | [3] | 4.87% | [3] | ||
Expenses after incentive fees | [1],[2] | 7.31% | 4.54% | 6.33% | [3] | 6.15% | [3] | ||
Total return before incentive fee | [1],[4] | (5.57%) | 0.11% | (3.66%) | 4.80% | ||||
Total return after incentive fee | [1],[4] | (5.52%) | (0.16%) | (3.55%) | 3.53% | ||||
Equinox Frontier Diversified Fund [Member] | Class One [Member] | |||||||||
Net asset value per unit, Beginning balance | $ 119.31 | [5] | $ 118.43 | [5] | $ 116.43 | [5] | $ 115.52 | ||
Interest incomes | [5] | 0.06 | 0.26 | 0.22 | 0.57 | ||||
Expenses | [5] | (2.43) | (2.21) | (4.50) | (6.16) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (5.21) | 1.58 | (0.42) | 8.13 | ||||
Net income/(loss) | [5] | (7.58) | (0.37) | (4.70) | 2.54 | ||||
Net asset value per unit, Ending balance | [5] | $ 111.73 | $ 118.06 | $ 111.73 | $ 118.06 | ||||
Net investment gain/(loss) | [1] | (7.96%) | (6.08%) | (7.39%) | (7.66%) | ||||
Expenses before incentive fees | [1],[6] | 8.15% | [2] | 6.74% | [2] | 7.87% | 6.83% | ||
Expenses after incentive fees | [1],[6] | 8.15% | [2] | 6.97% | [2] | 7.75% | 8.63% | ||
Total return before incentive fee | [1],[7] | (6.35%) | (0.08%) | (4.15%) | 3.99% | ||||
Total return after incentive fee | [1],[7] | (6.35%) | (0.31%) | (4.04%) | 2.20% | ||||
Equinox Frontier Diversified Fund [Member] | Class Two [Member] | |||||||||
Net asset value per unit, Beginning balance | $ 136.74 | [5] | $ 133.44 | [5] | $ 132.94 | [5] | $ 129.60 | ||
Interest incomes | [5] | 0.06 | 0.29 | 0.25 | 0.64 | ||||
Expenses | [5] | (1.33) | (1.52) | (2.34) | (4.96) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (6.86) | 1.40 | (2.23) | 8.33 | ||||
Net income/(loss) | [5] | (8.12) | 0.17 | (4.32) | 4.01 | ||||
Net asset value per unit, Ending balance | [5] | $ 128.62 | $ 133.61 | $ 128.62 | $ 133.61 | ||||
Net investment gain/(loss) | [1] | (3.68%) | (3.07%) | (3.22%) | (4.70%) | ||||
Expenses before incentive fees | [1],[6] | 3.87% | [2] | 3.74% | [2] | 3.70% | 3.87% | ||
Expenses after incentive fees | [1],[6] | 3.87% | [2] | 3.97% | [2] | 3.58% | 5.66% | ||
Total return before incentive fee | [1],[7] | (5.94%) | 0.36% | (3.37%) | 4.89% | ||||
Total return after incentive fee | [1],[7] | (5.94%) | 0.13% | (3.25%) | 3.09% | ||||
Equinox Frontier Diversified Fund [Member] | Class Three [Member] | |||||||||
Net asset value per unit, Beginning balance | $ 126.88 | [5] | $ 123.50 | [5] | $ 123.27 | [5] | $ 119.87 | ||
Interest incomes | [5] | 0.06 | 0.27 | 0.23 | 0.59 | ||||
Expenses | [5] | (1.23) | (1.41) | (2.17) | (4.58) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (6.29) | 1.37 | (1.91) | 7.85 | ||||
Net income/(loss) | [5] | (7.46) | 0.23 | (3.85) | 3.86 | ||||
Net asset value per unit, Ending balance | [5] | $ 119.42 | $ 123.73 | $ 119.42 | $ 123.73 | ||||
Net investment gain/(loss) | [1] | (3.68%) | (3.07%) | (3.22%) | (4.70%) | ||||
Expenses before incentive fees | [1],[6] | 3.87% | [2] | 3.74% | [2] | 3.70% | 3.87% | ||
Expenses after incentive fees | [1],[6] | 3.87% | [2] | 3.97% | [2] | 3.58% | 5.66% | ||
Total return before incentive fee | [1],[7] | (5.88%) | 0.42% | (3.24%) | 5.02% | ||||
Total return after incentive fee | [1],[7] | (5.88%) | 0.19% | (3.12%) | 3.22% | ||||
Equinox Frontier Masters Fund [Member] | Class One [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 113.10 | $ 119.01 | $ 112.80 | $ 112.87 | ||||
Interest incomes | [5] | 0.14 | 0.21 | 0.41 | 0.51 | ||||
Expenses | [5] | (2.41) | (2.12) | (4.88) | (5.56) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (8.44) | 2.75 | (5.94) | 12.03 | ||||
Net income/(loss) | [5] | (10.71) | 0.84 | (10.41) | 6.98 | ||||
Net asset value per unit, Ending balance | [5] | $ 102.39 | $ 119.85 | $ 102.39 | $ 119.85 | ||||
Net investment gain/(loss) | [1] | (8.22%) | (6.51%) | (7.97%) | (7.56%) | ||||
Expenses before incentive fees | [1],[6] | 8.72% | [2] | 7.16% | [2] | 8.70% | 7.31% | ||
Expenses after incentive fees | [1],[6] | 8.72% | [2] | 7.24% | [2] | 8.70% | 8.43% | ||
Total return before incentive fee | [1],[7] | (9.47%) | 0.79% | (9.23%) | 7.30% | ||||
Total return after incentive fee | [1],[7] | (9.47%) | 0.71% | (9.23%) | 6.18% | ||||
Equinox Frontier Masters Fund [Member] | Class Two [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 129.65 | $ 134.07 | $ 128.78 | $ 126.60 | ||||
Interest incomes | [5] | 0.16 | 0.23 | 0.47 | 0.57 | ||||
Expenses | [5] | (2.04) | (1.68) | (4.15) | (4.79) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (9.87) | 2.98 | (7.20) | 13.23 | ||||
Net income/(loss) | [5] | (11.75) | 1.54 | (10.88) | 9.01 | ||||
Net asset value per unit, Ending balance | [5] | $ 117.90 | $ 135.61 | $ 117.90 | $ 135.61 | ||||
Net investment gain/(loss) | [1] | (5.93%) | (4.27%) | (5.72%) | (5.31%) | ||||
Expenses before incentive fees | [1],[6] | 6.43% | [2] | 4.92% | [2] | 6.45% | 5.06% | ||
Expenses after incentive fees | [1],[6] | 6.43% | [2] | 5.00% | [2] | 6.45% | 6.18% | ||
Total return before incentive fee | [1],[7] | (9.06%) | 1.23% | (8.45%) | 8.24% | ||||
Total return after incentive fee | [1],[7] | (9.06%) | 1.15% | (8.45%) | 7.12% | ||||
Equinox Frontier Masters Fund [Member] | Class Three [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 120.78 | $ 124.59 | $ 119.89 | $ 117.57 | ||||
Interest incomes | [5] | 0.15 | 0.22 | 0.44 | 0.53 | ||||
Expenses | [5] | (1.90) | (1.56) | (3.86) | (4.44) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (9.13) | 2.84 | (6.57) | 12.43 | ||||
Net income/(loss) | [5] | (10.88) | 1.50 | (9.99) | 8.52 | ||||
Net asset value per unit, Ending balance | [5] | $ 109.90 | $ 126.09 | $ 109.90 | $ 126.09 | ||||
Net investment gain/(loss) | [1] | (5.93%) | (4.27%) | (5.72%) | (5.31%) | ||||
Expenses before incentive fees | [1],[6] | 6.43% | [2] | 4.92% | [2] | 6.45% | 5.06% | ||
Expenses after incentive fees | [1],[6] | 6.43% | [2] | 5.00% | [2] | 6.45% | 6.18% | ||
Total return before incentive fee | [1],[7] | (9.01%) | 1.28% | (8.33%) | 8.37% | ||||
Total return after incentive fee | [1],[7] | (9.01%) | 1.20% | (8.33%) | 7.25% | ||||
Equinox Frontier Long/Short Commodity Fund [Member] | Class Two [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 133.17 | $ 129.53 | $ 129.56 | $ 132.10 | ||||
Interest incomes | [5] | 0 | 0.16 | 0 | 0.40 | ||||
Expenses | [5] | (0.07) | (1.06) | (1.35) | (4.52) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (16.73) | 1.82 | (11.86) | 2.57 | ||||
Net income/(loss) | [5] | (16.80) | 0.92 | (13.21) | (1.55) | ||||
Net asset value per unit, Ending balance | [5] | $ 116.35 | $ 130.45 | $ 116.35 | $ 130.45 | ||||
Net investment gain/(loss) | [1] | (4.12%) | (2.73%) | (3.21%) | (5.04%) | ||||
Expenses before incentive fees | [1],[6] | 5.42% | [2] | 3.22% | [2] | 4.33% | 4.54% | ||
Expenses after incentive fees | [1],[6] | 4.12% | [2] | 3.22% | [2] | 3.21% | 5.65% | ||
Total return before incentive fee | [1],[7] | (13.91%) | 0.71% | (11.32%) | (0.07%) | ||||
Total return after incentive fee | [1],[7] | (12.62%) | 0.71% | (10.20%) | (1.17%) | ||||
Equinox Frontier Long/Short Commodity Fund [Member] | Class Three [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 134.87 | $ 104.16 | $ 130.80 | $ 132.14 | ||||
Interest incomes | [5] | 0 | 0.13 | 0 | 0.40 | ||||
Expenses | [5] | (0.07) | (0.86) | (1.36) | (4.50) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (12.74) | 1.83 | (7.38) | 2.41 | ||||
Net income/(loss) | [5] | (12.81) | 1.10 | (8.74) | (1.69) | ||||
Net asset value per unit, Ending balance | [5] | $ 122.06 | $ 105.26 | $ 122.06 | $ 105.26 | ||||
Net investment gain/(loss) | [1] | (4.12%) | (2.73%) | (3.21%) | (5.04%) | ||||
Expenses before incentive fees | [1],[6] | 5.42% | [2] | 3.22% | [2] | 4.33% | 4.54% | ||
Expenses after incentive fees | [1],[6] | 4.12% | [2] | 3.22% | [2] | 3.21% | 5.65% | ||
Total return before incentive fee | [1],[7] | (10.80%) | 1.06% | (7.80%) | (0.17%) | ||||
Total return after incentive fee | [1],[7] | (9.50%) | 1.06% | (6.68%) | (1.28%) | ||||
Equinox Frontier Long/Short Commodity Fund [Member] | Class Onea [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 95 | $ 129.50 | $ 92.78 | $ 94.76 | ||||
Interest incomes | [5] | 0 | 0.16 | 0.01 | 0.29 | ||||
Expenses | [5] | (0.57) | (1.07) | (2) | (4.07) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (10.80) | 1.96 | (7.16) | 1.97 | ||||
Net income/(loss) | [5] | (11.37) | 1.05 | (9.15) | (1.81) | ||||
Net asset value per unit, Ending balance | [5] | $ 83.63 | $ 130.55 | $ 83.63 | $ 130.55 | ||||
Net investment gain/(loss) | [1] | (6.42%) | (2.73%) | (5.40%) | (6.82%) | ||||
Expenses before incentive fees | [1],[6] | 7.71% | [2] | 3.22% | [2] | 6.52% | 6.32% | ||
Expenses after incentive fees | [1],[6] | 6.42% | [2] | 3.22% | [2] | 5.40% | 7.43% | ||
Total return before incentive fee | [1],[7] | (13.27%) | 0.81% | (10.98%) | (0.80%) | ||||
Total return after incentive fee | [1],[7] | (11.97%) | 0.81% | (9.86%) | (1.91%) | ||||
Equinox Frontier Long/Short Commodity Fund [Member] | Class Twoa [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 109.48 | $ 92.55 | $ 105.67 | $ 106.19 | ||||
Interest incomes | [5] | 0 | 0.11 | 0 | 0.32 | ||||
Expenses | [5] | (0.06) | (1.09) | (1.11) | (3.63) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (14.03) | 1.39 | (9.17) | 2.38 | ||||
Net income/(loss) | [5] | (14.09) | 0.40 | (10.28) | (0.93) | ||||
Net asset value per unit, Ending balance | [5] | $ 95.39 | $ 92.95 | $ 95.39 | $ 92.95 | ||||
Net investment gain/(loss) | [1] | (4.12%) | (4.15%) | (3.21%) | (5.04%) | ||||
Expenses before incentive fees | [1],[6] | 5.42% | [2] | 4.64% | [2] | 4.33% | 4.54% | ||
Expenses after incentive fees | [1],[6] | 4.12% | [2] | 4.64% | [2] | 3.21% | 5.65% | ||
Total return before incentive fee | [1],[7] | (14.17%) | 0.43% | (10.85%) | 0.23% | ||||
Total return after incentive fee | [1],[7] | (12.87%) | 0.43% | (9.73%) | (0.88%) | ||||
Equinox Frontier Long/Short Commodity Fund [Member] | Class Threea [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 111.98 | $ 104.89 | $ 107.50 | $ 106.86 | ||||
Interest incomes | [5] | 0 | 0.13 | 0 | 0.33 | ||||
Expenses | [5] | (0.06) | (0.86) | (1.12) | (3.64) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (12.16) | 1.46 | (6.62) | 2.06 | ||||
Net income/(loss) | [5] | (12.22) | 0.73 | (7.74) | (1.24) | ||||
Net asset value per unit, Ending balance | [5] | $ 99.76 | $ 105.62 | $ 99.76 | $ 105.62 | ||||
Net investment gain/(loss) | [1] | (4.12%) | (2.73%) | (3.21%) | (4.96%) | ||||
Expenses before incentive fees | [1],[6] | 5.42% | [2] | 3.22% | [2] | 4.33% | 4.38% | ||
Expenses after incentive fees | [1],[6] | 4.12% | [2] | 3.22% | [2] | 3.21% | 5.57% | ||
Total return before incentive fee | [1],[7] | (12.21%) | 0.70% | (8.32%) | 0.03% | ||||
Total return after incentive fee | [1],[7] | (10.91%) | 0.70% | (7.20%) | (1.16%) | ||||
Equinox Frontier Balanced Fund [Member] | Class One [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 137.81 | $ 132.18 | $ 134.80 | $ 128.03 | ||||
Interest incomes | [5] | 0 | 0.01 | 0 | 0.02 | ||||
Expenses | [5] | (2.60) | (2.15) | (4.54) | (4.72) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (5.37) | 0.46 | (0.42) | 7.17 | ||||
Net income/(loss) | [5] | (7.97) | (1.68) | (4.96) | 2.47 | ||||
Net asset value per unit, Ending balance | [5] | $ 129.84 | $ 130.50 | $ 129.84 | $ 130.50 | ||||
Net investment gain/(loss) | [1] | (7.57%) | (4.93%) | (6.69%) | (5.57%) | ||||
Expenses before incentive fees | [1],[6] | 7.57% | [2] | 4.39% | [2] | 6.69% | 4.02% | ||
Expenses after incentive fees | [1],[6] | 7.57% | [2] | 4.96% | [2] | 6.69% | 5.60% | ||
Total return before incentive fee | [1],[7] | (5.78%) | (0.71%) | (3.68%) | 3.52% | ||||
Total return after incentive fee | [1],[7] | (5.78%) | (1.27%) | (3.68%) | 1.93% | ||||
Equinox Frontier Balanced Fund [Member] | Class Two [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 200.81 | $ 186.92 | $ 194.99 | $ 179.69 | ||||
Interest incomes | [5] | 0 | 0.01 | 0 | 0.03 | ||||
Expenses | [5] | (2.29) | (1.70) | (3.68) | (5.74) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (7.90) | 0.69 | (0.69) | 11.94 | ||||
Net income/(loss) | [5] | (10.19) | (1) | (4.37) | 6.23 | ||||
Net asset value per unit, Ending balance | [5] | $ 190.62 | $ 185.92 | $ 190.62 | $ 185.92 | ||||
Net investment gain/(loss) | [1] | (4.56%) | (1.97%) | (3.72%) | (4.56%) | ||||
Expenses before incentive fees | [1],[6] | 4.56% | [2] | 1.44% | [2] | 3.72% | 3.00% | ||
Expenses after incentive fees | [1],[6] | 4.56% | [2] | 2.00% | [2] | 3.72% | 4.59% | ||
Total return before incentive fee | [1],[7] | (5.07%) | 0.03% | (2.24%) | 5.06% | ||||
Total return after incentive fee | [1],[7] | (5.07%) | (0.53%) | (2.24%) | 3.47% | ||||
Equinox Frontier Balanced Fund [Member] | Class Twoa [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 174.17 | $ 161.49 | $ 169.05 | $ 154.88 | ||||
Interest incomes | [5] | 0 | 0.01 | 0 | 0.03 | ||||
Expenses | [5] | (1.99) | (1.47) | (3.20) | (4.96) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (6.41) | 0.91 | (0.08) | 10.98 | ||||
Net income/(loss) | [5] | (8.40) | (0.55) | (3.28) | 6.06 | ||||
Net asset value per unit, Ending balance | [5] | $ 165.77 | $ 160.94 | $ 165.77 | $ 160.94 | ||||
Net investment gain/(loss) | [1] | (4.56%) | (1.97%) | (3.72%) | (4.56%) | ||||
Expenses before incentive fees | [1],[6] | 4.56% | [2] | 1.44% | [2] | 3.72% | 3.00% | ||
Expenses after incentive fees | [1],[6] | 4.56% | [2] | 2.00% | [2] | 3.72% | 4.59% | ||
Total return before incentive fee | [1],[7] | (4.82%) | 0.22% | (1.94%) | 5.50% | ||||
Total return after incentive fee | [1],[7] | (4.82%) | (0.34%) | (1.94%) | 3.91% | ||||
Equinox Frontier Balanced Fund [Member] | Class Threea [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 173.59 | $ 160.96 | $ 168.49 | $ 154.37 | ||||
Interest incomes | [5] | 0 | 0.01 | 0 | 0.01 | ||||
Expenses | [5] | (1.98) | (1.46) | (3.18) | (4.94) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (6.39) | 0.90 | (0.09) | 10.98 | ||||
Net income/(loss) | [5] | (8.37) | (0.55) | (3.27) | 6.04 | ||||
Net asset value per unit, Ending balance | [5] | $ 165.22 | $ 160.41 | $ 165.22 | $ 160.41 | ||||
Net investment gain/(loss) | [1] | (4.56%) | (1.97%) | (3.72%) | (4.56%) | ||||
Expenses before incentive fees | [1],[6] | 4.56% | [2] | 1.44% | [2] | 3.72% | 3.00% | ||
Expenses after incentive fees | [1],[6] | 4.56% | [2] | 2.00% | [2] | 3.72% | 4.59% | ||
Total return before incentive fee | [1],[7] | (4.82%) | 0.22% | (1.94%) | 5.50% | ||||
Total return after incentive fee | [1],[7] | (4.82%) | (0.34%) | (1.94%) | 3.91% | ||||
Equinox Frontier Balanced Fund [Member] | Class OneAP [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 149.29 | $ 138.97 | $ 144.97 | $ 133.59 | ||||
Interest incomes | [5] | 0 | 0.01 | 0 | 0.02 | ||||
Expenses | [5] | (1.70) | (1.26) | (2.73) | (4.27) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (5.88) | 0.51 | (0.53) | 8.89 | ||||
Net income/(loss) | [5] | (7.58) | (0.74) | (3.26) | 4.64 | ||||
Net asset value per unit, Ending balance | [5] | $ 141.71 | $ 138.23 | $ 141.71 | $ 138.23 | ||||
Net investment gain/(loss) | [1] | (4.56%) | (1.97%) | (3.72%) | (4.56%) | ||||
Expenses before incentive fees | [1],[6] | 4.56% | [2] | 1.44% | [2] | 3.72% | 3.00% | ||
Expenses after incentive fees | [1],[6] | 4.56% | [2] | 2.00% | [2] | 3.72% | 4.59% | ||
Total return before incentive fee | [1],[7] | (5.08%) | 0.03% | (2.25%) | 5.06% | ||||
Total return after incentive fee | [1],[7] | (5.08%) | (0.53%) | (2.25%) | 3.47% | ||||
Equinox Frontier Select Fund [Member] | Class One [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 89.88 | $ 138.68 | $ 94.06 | $ 90.35 | ||||
Interest incomes | [5] | 0 | 0 | 0 | 0 | ||||
Expenses | [5] | (1.29) | (1.09) | (2.92) | (3.05) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (9.80) | 0.33 | (12.35) | 10.82 | ||||
Net income/(loss) | [5] | (11.09) | (0.76) | (15.27) | 7.77 | ||||
Net asset value per unit, Ending balance | [5] | $ 78.79 | $ 137.92 | $ 78.79 | $ 137.92 | ||||
Net investment gain/(loss) | [1] | (6.03%) | (2.98%) | (6.58%) | (6.13%) | ||||
Expenses before incentive fees | [1],[6] | 6.03% | [2] | 2.85% | [2] | 6.58% | 5.84% | ||
Expenses after incentive fees | [1],[6] | 6.03% | [2] | 2.98% | [2] | 6.58% | 6.13% | ||
Total return before incentive fee | [1],[7] | (12.34%) | (0.43%) | (16.23%) | 8.90% | ||||
Total return after incentive fee | [1],[7] | (12.34%) | (0.55%) | (16.23%) | 8.60% | ||||
Equinox Frontier Select Fund [Member] | Class Two [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 129.20 | $ 104.50 | $ 134.25 | $ 125.11 | ||||
Interest incomes | [5] | 0 | 0 | 0 | 0 | ||||
Expenses | [5] | (0.94) | (0.82) | (2.30) | (2.27) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (14.15) | 0.25 | (17.84) | 15.08 | ||||
Net income/(loss) | [5] | (15.09) | (0.57) | (20.14) | 12.81 | ||||
Net asset value per unit, Ending balance | [5] | $ 114.11 | $ 103.93 | $ 114.11 | $ 103.93 | ||||
Net investment gain/(loss) | [1] | (3.02%) | (2.98%) | (3.61%) | (3.12%) | ||||
Expenses before incentive fees | [1],[6] | 3.02% | [2] | 2.85% | [2] | 3.61% | 2.83% | ||
Expenses after incentive fees | [1],[6] | 3.02% | [2] | 2.98% | [2] | 3.61% | 3.12% | ||
Total return before incentive fee | [1],[7] | (11.68%) | (0.42%) | (15.00%) | 10.53% | ||||
Total return after incentive fee | [1],[7] | (11.68%) | (0.55%) | (15.00%) | 10.24% | ||||
Equinox Frontier Select Fund [Member] | Class OneAP [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 97.27 | $ 99.40 | $ 101.16 | $ 94.28 | ||||
Interest incomes | [5] | 0 | 0 | 0 | 0 | ||||
Expenses | [5] | (0.70) | (1.47) | (1.73) | (1.71) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (10.67) | 0.19 | (13.53) | 11.36 | ||||
Net income/(loss) | [5] | (11.37) | (1.28) | (15.26) | 9.65 | ||||
Net asset value per unit, Ending balance | [5] | $ 85.90 | $ 98.12 | $ 85.90 | $ 98.12 | ||||
Net investment gain/(loss) | [1] | (3.02%) | (5.97%) | (3.61%) | (3.12%) | ||||
Expenses before incentive fees | [1],[6] | 3.02% | [2] | 5.85% | [2] | 3.61% | 2.83% | ||
Expenses after incentive fees | [1],[6] | 3.02% | [2] | 5.97% | [2] | 3.61% | 3.12% | ||
Total return before incentive fee | [1],[7] | (11.69%) | (1.16%) | (15.09%) | 10.53% | ||||
Total return after incentive fee | [1],[7] | (11.69%) | (1.29%) | (15.09%) | 10.24% | ||||
Equinox Frontier Winton Fund [Member] | Class One [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 152.93 | $ 169.18 | $ 154.51 | $ 164.17 | ||||
Interest incomes | [5] | 0 | 0 | 0 | 0 | ||||
Expenses | [5] | (3.38) | (2.79) | (6.43) | (6.16) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (5.46) | 5.14 | (3.99) | 13.52 | ||||
Net income/(loss) | [5] | (8.84) | 2.35 | (10.42) | 7.36 | ||||
Net asset value per unit, Ending balance | [5] | $ 144.09 | $ 171.53 | $ 144.09 | $ 171.53 | ||||
Net investment gain/(loss) | [1] | (9.06%) | (6.80%) | (8.71%) | (7.09%) | ||||
Expenses before incentive fees | [1],[6] | 9.06% | [2] | 6.80% | [2] | 8.88% | 6.81% | ||
Expenses after incentive fees | [1],[6] | 9.06% | [2] | 6.80% | [2] | 8.71% | 7.09% | ||
Total return before incentive fee | [1],[7] | (5.78%) | 1.39% | (6.91%) | 4.76% | ||||
Total return after incentive fee | [1],[7] | (5.78%) | 1.39% | (6.74%) | 4.48% | ||||
Equinox Frontier Winton Fund [Member] | Class Two [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 210.30 | $ 225.82 | $ 210.98 | $ 217.51 | ||||
Interest incomes | [5] | 0 | 0 | 0 | 0 | ||||
Expenses | [5] | (3.12) | (2.09) | (5.77) | (4.87) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (7.52) | 6.94 | (5.55) | 18.03 | ||||
Net income/(loss) | [5] | (10.64) | 4.85 | (11.32) | 13.16 | ||||
Net asset value per unit, Ending balance | [5] | $ 199.66 | $ 230.67 | $ 199.66 | $ 230.67 | ||||
Net investment gain/(loss) | [1] | (6.05%) | (3.80%) | (5.75%) | (4.08%) | ||||
Expenses before incentive fees | [1],[6] | 6.05% | [2] | 3.80% | [2] | 5.91% | 3.81% | ||
Expenses after incentive fees | [1],[6] | 6.05% | [2] | 3.80% | [2] | 5.75% | 4.08% | ||
Total return before incentive fee | [1],[7] | (5.06%) | 2.15% | (5.53%) | 6.33% | ||||
Total return after incentive fee | [1],[7] | (5.06%) | 2.15% | (5.37%) | 6.05% | ||||
Equinox Frontier Winton Fund [Member] | Class OneAP [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 165.26 | $ 177.86 | $ 166.17 | $ 171.31 | ||||
Interest incomes | [5] | 0 | 0 | 0 | 0 | ||||
Expenses | [5] | (2.45) | (1.65) | (4.54) | (3.84) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (5.55) | 5.47 | (4.37) | 14.21 | ||||
Net income/(loss) | [5] | (8) | 3.82 | (8.91) | 10.37 | ||||
Net asset value per unit, Ending balance | [5] | $ 157.26 | $ 181.68 | $ 157.26 | $ 181.68 | ||||
Net investment gain/(loss) | [1] | (6.05%) | (3.80%) | (5.75%) | (4.08%) | ||||
Expenses before incentive fees | [1],[6] | 6.05% | [2] | 3.80% | [2] | 5.91% | 3.81% | ||
Expenses after incentive fees | [1],[6] | 6.05% | [2] | 3.80% | [2] | 5.75% | 4.08% | ||
Total return before incentive fee | [1],[7] | (4.84%) | 2.15% | (5.53%) | 6.33% | ||||
Total return after incentive fee | [1],[7] | (4.84%) | 2.15% | (5.36%) | 6.05% | ||||
Equinox Frontier Heritage Fund [Member] | Class One [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 115.22 | $ 130.76 | $ 119.58 | $ 124.27 | ||||
Interest incomes | [5] | 0 | 0 | 0 | 0 | ||||
Expenses | [5] | (2.36) | (1.84) | (4.57) | (3.86) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (3.88) | 0.85 | (6.03) | 9.36 | ||||
Net income/(loss) | [5] | (6.24) | (0.99) | (10.60) | 5.50 | ||||
Net asset value per unit, Ending balance | [5] | $ 108.98 | $ 129.77 | $ 108.98 | $ 129.77 | ||||
Net investment gain/(loss) | [1] | (8.32%) | (5.86%) | (8.00%) | (5.94%) | ||||
Expenses before incentive fees | [1],[6] | 8.32% | [2] | 5.86% | [2] | 8.05% | 5.87% | ||
Expenses after incentive fees | [1],[6] | 8.32% | [2] | 5.86% | [2] | 8.00% | 5.94% | ||
Total return before incentive fee | [1],[7] | (5.42%) | (0.76%) | (8.92%) | 4.50% | ||||
Total return after incentive fee | [1],[7] | (5.42%) | (0.76%) | (8.86%) | 4.43% | ||||
Equinox Frontier Heritage Fund [Member] | Class Two [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 167.02 | $ 183.97 | $ 172.10 | $ 173.54 | ||||
Interest incomes | [5] | 0 | 0 | 0 | 0 | ||||
Expenses | [5] | (2.19) | (1.27) | (4.16) | (2.72) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (5.66) | 1.24 | (8.76) | 13.12 | ||||
Net income/(loss) | [5] | (7.85) | (0.03) | (12.92) | 10.40 | ||||
Net asset value per unit, Ending balance | [5] | $ 159.18 | $ 183.94 | $ 159.18 | $ 183.94 | ||||
Net investment gain/(loss) | [1] | (5.32%) | (2.86%) | (5.03%) | (2.94%) | ||||
Expenses before incentive fees | [1],[6] | 5.32% | [2] | 2.86% | [2] | 5.08% | 2.86% | ||
Expenses after incentive fees | [1],[6] | 5.32% | [2] | 2.86% | [2] | 5.03% | 2.94% | ||
Total return before incentive fee | [1],[7] | (4.70%) | (0.02%) | (7.56%) | 6.07% | ||||
Total return after incentive fee | [1],[7] | (4.70%) | (0.02%) | (7.51%) | 5.99% | ||||
Equinox Frontier Heritage Fund [Member] | Class OneAP [Member] | |||||||||
Net asset value per unit, Beginning balance | [5] | $ 125.64 | $ 137.47 | $ 128.60 | $ 129.67 | ||||
Interest incomes | [5] | 0 | 0 | 0 | 0 | ||||
Expenses | [5] | (1.64) | (0.95) | (3.10) | (2.03) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [5] | (5.06) | 0.93 | (6.56) | 9.81 | ||||
Net income/(loss) | [5] | (6.70) | (0.02) | (9.66) | 7.78 | ||||
Net asset value per unit, Ending balance | [5] | $ 118.94 | $ 137.45 | $ 118.94 | $ 137.45 | ||||
Net investment gain/(loss) | [1] | (5.32%) | (2.86%) | (5.03%) | (2.94%) | ||||
Expenses before incentive fees | [1],[6] | 5.32% | [2] | 2.86% | [2] | 5.08% | 2.86% | ||
Expenses after incentive fees | [1],[6] | 5.32% | [2] | 2.86% | [2] | 5.03% | 2.94% | ||
Total return before incentive fee | [1],[7] | (5.33%) | (0.01%) | (7.56%) | 6.08% | ||||
Total return after incentive fee | [1],[7] | (5.33%) | (0.01%) | (7.51%) | 6.00% | ||||
[1] | Annualized with the exception of incentive fees. | ||||||||
[2] | Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Consolidated Statements of Operations of the Trust. See footnote 5. | ||||||||
[3] | Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees are included in the total return. | ||||||||
[4] | Total returns are not annualized. | ||||||||
[5] | 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. | ||||||||
[6] | Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. | ||||||||
[7] | Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner's total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. |
Derivative Instruments and He40
Derivative Instruments and Hedging Activities (Details) - Contracts | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Derivative Numbers of Instruments Bought | 8,527 | 5,250 | 8,527 | 5,250 |
Derivative Numbers of Instruments Sold | 8,355 | 14,939 | 8,355 | 14,939 |
Equinox Frontier Balanced Fund [Member] | ||||
Derivative Numbers of Instruments Bought | 1,553 | 699 | 1,509 | 1,793 |
Derivative Numbers of Instruments Sold | 1,494 | 755 | 1,452 | 1,844 |
Equinox Frontier Select Fund [Member] | ||||
Derivative Numbers of Instruments Bought | 4,296 | 1,081 | 4,690 | 1,653 |
Derivative Numbers of Instruments Sold | 4,510 | 1,052 | 4,675 | 1,564 |
Equinox Frontier Winton Fund [Member] | ||||
Derivative Numbers of Instruments Bought | 2,460 | 2,327 | ||
Derivative Numbers of Instruments Sold | 2,301 | 2,229 | ||
Equinox Frontier Long/Short Commodity Fund [Member] | ||||
Derivative Numbers of Instruments Bought | 10 | 10 | ||
Derivative Numbers of Instruments Sold | 4 | 4 |
Derivative Instruments and He41
Derivative Instruments and Hedging Activities (Details 2) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | ||
Realized Trading Revenue from Futures, Forwards and Options | $ 3,975,716 | $ (393,837) | $ 12,974,128 | $ (393,837) | |
Equinox Frontier Balanced Fund [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | 676,431 | (2,140,002) | 6,360,417 | 1,481,993 | |
Equinox Frontier Select Fund [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | 455,907 | (26,387) | 455,907 | (80,638) | |
Equinox Frontier Winton Fund [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (478,651) | (996,591) | |||
Equinox Frontier Long/Short Commodity Fund [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | 253,727 | 96,670 | 360,068 | 289,978 | |
Realized Trading Revenue [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | [1] | (2,121,364) | (17,179) | (2,891,319) | 3,271,436 |
Realized Trading Revenue [Member] | Metals [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (570,768) | (1,284,897) | (319,642) | (1,714,954) | |
Realized Trading Revenue [Member] | Currencies [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (2,143,294) | (1,824,831) | (436,173) | (852,658) | |
Realized Trading Revenue [Member] | Energies [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (950,808) | (1,767,386) | (1,720,330) | 531,276 | |
Realized Trading Revenue [Member] | Agriculturals [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | 1,082,959 | 480,386 | (780,272) | (725,395) | |
Realized Trading Revenue [Member] | Interest Rates [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (1,564,619) | (2,391,866) | 2,347,106 | 10,802,304 | |
Realized Trading Revenue [Member] | Stock Indices [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | 2,025,166 | 6,771,415 | (1,982,009) | (4,769,138) | |
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | [1] | (275,058) | 1,080,707 | (651,169) | 2,698,265 |
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Metals [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (63,053) | 5,695 | (77,540) | 35,815 | |
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Currencies [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (5,207) | 151,844 | (180,216) | (203,648) | |
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Energies [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | 62,147 | (575,160) | 36,154 | (275,631) | |
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Agriculturals [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (64,480) | (78,678) | (253,991) | (123,427) | |
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Interest Rates [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (265,202) | 1,771,240 | (452,270) | 5,401,969 | |
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Stock Indices [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | 60,738 | (194,234) | 276,695 | (2,136,813) | |
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | [1] | (868,397) | (1,397,141) | (695,436) | 619,333 |
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Metals [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (147,874) | (163,523) | (145,043) | (272,332) | |
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Currencies [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (421,861) | (351,486) | (126,404) | (323,355) | |
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Energies [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (323,598) | (317,683) | (516,253) | 739,601 | |
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Agriculturals [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | 343,408 | (82,341) | 27,824 | (221,835) | |
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Interest Rates [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (248,354) | (48,214) | (768,438) | 1,303,391 | |
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Stock Indices [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (70,118) | (433,894) | 832,876 | (606,137) | |
Realized Trading Revenue [Member] | Equinox Frontier Winton Fund [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | [1] | (977,909) | (2,484,671) | 1,329,426 | 44,052 |
Realized Trading Revenue [Member] | Equinox Frontier Winton Fund [Member] | Metals [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (359,840) | (126,926) | (1,062,314) | (1,443,549) | |
Realized Trading Revenue [Member] | Equinox Frontier Winton Fund [Member] | Currencies [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (1,716,226) | (236,530) | (1,518,210) | (325,654) | |
Realized Trading Revenue [Member] | Equinox Frontier Winton Fund [Member] | Energies [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (689,356) | (890,237) | (1,287,287) | 4,556 | |
Realized Trading Revenue [Member] | Equinox Frontier Winton Fund [Member] | Agriculturals [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | 804,031 | (501,177) | 706,552 | (262,057) | |
Realized Trading Revenue [Member] | Equinox Frontier Winton Fund [Member] | Interest Rates [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (1,051,063) | 624,080 | (1,171,158) | 4,096,944 | |
Realized Trading Revenue [Member] | Equinox Frontier Winton Fund [Member] | Stock Indices [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | $ 2,034,547 | (1,353,881) | $ 5,661,844 | (2,026,188) | |
Realized Trading Revenue [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | [1] | (90,214) | (90,214) | ||
Realized Trading Revenue [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Metals [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (34,888) | (34,888) | |||
Realized Trading Revenue [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Currencies [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | |||||
Realized Trading Revenue [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Energies [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | 62,750 | 62,750 | |||
Realized Trading Revenue [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Agriculturals [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | (118,076) | (118,076) | |||
Realized Trading Revenue [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Interest Rates [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | |||||
Realized Trading Revenue [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Stock Indices [Member] | |||||
Realized Trading Revenue from Futures, Forwards and Options | |||||
[1] | Amounts recorded in the Statements of Operations under Net realized gain (loss) on futures forwards and options. |
Derivative Instruments and He42
Derivative Instruments and Hedging Activities (Details 3) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | ||
Net Change in Open Trade Equity from Futures, Forwards and Options | $ (7,161,590) | $ 1,693,209 | $ (6,594,969) | $ 1,693,209 | |
Equinox Frontier Balanced Fund [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (2,358,573) | 1,889,725 | (2,787,509) | 2,514,324 | |
Equinox Frontier Select Fund [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (1,077,743) | (123,624) | (1,325,502) | ||
Equinox Frontier Winton Fund [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (21,961) | 8,665 | (303,217) | (75,348) | |
Equinox Frontier Long/Short Commodity Fund [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (815,203) | (300,878) | 316,855 | (510,123) | |
Open Trade Equity [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | [1] | (1,132,840) | (2,870,827) | 4,926,438 | 10,659,970 |
Open Trade Equity [Member] | Metals [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (198,389) | (187,544) | 347,970 | 2,453,727 | |
Open Trade Equity [Member] | Currencies [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (239,580) | (994,318) | 437,092 | (1,814,632) | |
Open Trade Equity [Member] | Energies [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (22,496) | (318,845) | 177,917 | 2,750,280 | |
Open Trade Equity [Member] | Agriculturals [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (577,434) | (345,693) | 593,390 | 567,997 | |
Open Trade Equity [Member] | Interest Rates [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (144,507) | (938,210) | 2,716,120 | 5,914,474 | |
Open Trade Equity [Member] | Stock Indices [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 49,566 | (86,217) | 653,949 | 788,124 | |
Open Trade Equity [Member] | Equinox Frontier Balanced Fund [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | [2] | (250,095) | 484,552 | (319,198) | 466,912 |
Open Trade Equity [Member] | Equinox Frontier Balanced Fund [Member] | Metals [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (52,828) | (259) | (151,669) | (33,002) | |
Open Trade Equity [Member] | Equinox Frontier Balanced Fund [Member] | Currencies [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (96,958) | 245,794 | (1,087) | (320,038) | |
Open Trade Equity [Member] | Equinox Frontier Balanced Fund [Member] | Energies [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 10,716 | (137,957) | 3,323 | 109,582 | |
Open Trade Equity [Member] | Equinox Frontier Balanced Fund [Member] | Agriculturals [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (153,701) | (206) | (156,672) | 37,675 | |
Open Trade Equity [Member] | Equinox Frontier Balanced Fund [Member] | Interest Rates [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 85,379 | (34,990) | 6,812 | 246,788 | |
Open Trade Equity [Member] | Equinox Frontier Balanced Fund [Member] | Stock Indices [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (42,702) | 412,170 | (19,904) | 425,907 | |
Open Trade Equity [Member] | Equinox Frontier Select Fund [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | [2] | 125,890 | 1,598,713 | (145,848) | 1,594,363 |
Open Trade Equity [Member] | Equinox Frontier Select Fund [Member] | Metals [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (9,063) | 22,451 | (51,351) | (175,960) | |
Open Trade Equity [Member] | Equinox Frontier Select Fund [Member] | Currencies [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (262,703) | 605,374 | (370,287) | 751,392 | |
Open Trade Equity [Member] | Equinox Frontier Select Fund [Member] | Energies [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 104,687 | 70,322 | (146,125) | (569,034) | |
Open Trade Equity [Member] | Equinox Frontier Select Fund [Member] | Agriculturals [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (146,505) | 71,893 | 108,409 | 82,453 | |
Open Trade Equity [Member] | Equinox Frontier Select Fund [Member] | Interest Rates [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (63,344) | 859,887 | (296,328) | 1,335,188 | |
Open Trade Equity [Member] | Equinox Frontier Select Fund [Member] | Stock Indices [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 502,819 | (31,214) | 609,833 | 170,324 | |
Open Trade Equity [Member] | Equinox Frontier Winton Fund [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | [2] | (1,008,635) | 4,532,895 | (2,405,781) | 4,609,049 |
Open Trade Equity [Member] | Equinox Frontier Winton Fund [Member] | Metals [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (136,499) | 285,672 | 15,476 | (204,565) | |
Open Trade Equity [Member] | Equinox Frontier Winton Fund [Member] | Currencies [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 120,082 | 1,879,078 | (622,946) | 1,716,803 | |
Open Trade Equity [Member] | Equinox Frontier Winton Fund [Member] | Energies [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (137,899) | (65,121) | (176,044) | (190,339) | |
Open Trade Equity [Member] | Equinox Frontier Winton Fund [Member] | Agriculturals [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (277,228) | 257,839 | (297,429) | 69,760 | |
Open Trade Equity [Member] | Equinox Frontier Winton Fund [Member] | Interest Rates [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | (166,541) | 1,884,744 | (648,693) | 3,111,510 | |
Open Trade Equity [Member] | Equinox Frontier Winton Fund [Member] | Stock Indices [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | $ (410,552) | 290,683 | $ (676,146) | 105,880 | |
Open Trade Equity [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | [2] | 693,263 | 693,263 | ||
Open Trade Equity [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Metals [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 40,106 | 40,106 | |||
Open Trade Equity [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Currencies [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 89,831 | 89,831 | |||
Open Trade Equity [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Energies [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 310,673 | 310,673 | |||
Open Trade Equity [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Agriculturals [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 263,864 | 263,864 | |||
Open Trade Equity [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Interest Rates [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | 6,479 | 6,479 | |||
Open Trade Equity [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Stock Indices [Member] | |||||
Net Change in Open Trade Equity from Futures, Forwards and Options | $ (17,690) | $ (17,690) | |||
[1] | In the Consolidated Statement of Operations under net change in open trade equity (deficit), at fair value. | ||||
[2] | Amounts recorded in the Statements of Operations under Net change in open trade equity (deficit). |
Derivative Instruments and He43
Derivative Instruments and Hedging Activities (Details Narrative) - USD ($) | Jun. 30, 2017 | Dec. 31, 2016 |
Open Trade Equity Deficit [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | $ 699,001 | $ 2,998,612 |
Gross Amounts offset in the Statement of Financial Condition | (2,102,365) | (852,405) |
Net Amounts Presented in the Statement of Financial Condition | (1,403,364) | 2,146,207 |
Swap [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 36,020,244 | 40,189,178 |
Gross Amounts offset in the Statement of Financial Condition | ||
Net Amounts Presented in the Statement of Financial Condition | 36,020,244 | 40,189,178 |
Equinox Frontier Balanced Fund [Member] | Open Trade Equity Deficit [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 228,480 | 515,659 |
Gross Amounts offset in the Statement of Financial Condition | (368,785) | (277,998) |
Net Amounts Presented in the Statement of Financial Condition | (140,305) | 237,661 |
Equinox Frontier Balanced Fund [Member] | Swap [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 19,003,366 | 18,939,450 |
Gross Amounts offset in the Statement of Financial Condition | ||
Net Amounts Presented in the Statement of Financial Condition | 19,003,366 | 18,939,450 |
Equinox Frontier Diversified Fund [Member] | Swap [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 8,640,202 | 8,637,847 |
Gross Amounts offset in the Statement of Financial Condition | ||
Net Amounts Presented in the Statement of Financial Condition | 8,640,202 | 8,637,847 |
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 609,989 | 4,220,468 |
Gross Amounts offset in the Statement of Financial Condition | ||
Net Amounts Presented in the Statement of Financial Condition | 609,989 | 4,220,468 |
Equinox Frontier Heritage Fund [Member] | Swap [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 7,766,687 | 8,391,414 |
Gross Amounts offset in the Statement of Financial Condition | ||
Net Amounts Presented in the Statement of Financial Condition | 7,766,687 | 8,391,414 |
Equinox Frontier Winton Fund [Member] | Open Trade Equity Deficit [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 470,521 | 2,393,850 |
Gross Amounts offset in the Statement of Financial Condition | (1,733,580) | (1,171,326) |
Net Amounts Presented in the Statement of Financial Condition | $ (1,263,059) | 1,222,524 |
Equinox Frontier Select Fund [Member] | Open Trade Equity Deficit [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 1,136,504 | |
Gross Amounts offset in the Statement of Financial Condition | (450,482) | |
Net Amounts Presented in the Statement of Financial Condition | $ 686,022 |
Trading Activities and Relate44
Trading Activities and Related Risks (Details Narrative) | 6 Months Ended |
Jun. 30, 2017 | |
Series Of Frontier Fund [Member] | |
Trading Activity, Gains and Losses, Net [Line Items] | |
Percentage of loss realize by the holder of Units in Series | 100.00% |
Trading advisor's margin-to-equity ratio percentage | 35.00% |
Equinox Frontier Funds [Member] | |
Trading Activity, Gains and Losses, Net [Line Items] | |
Percentage of loss realize by the holder of Units in Series | 100.00% |
Trading advisor's margin-to-equity ratio percentage | 35.00% |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - USD ($) | 1 Months Ended | 6 Months Ended |
Aug. 09, 2017 | Jun. 30, 2017 | |
Redemptions | $ (77,766,064) | |
Equinox Frontier Balanced Fund [Member] | ||
Redemptions | (23,908,355) | |
Equinox Frontier Diversified Fund [Member] | ||
Redemptions | (31,972,635) | |
Equinox Frontier Heritage Fund [Member] | ||
Redemptions | (3,430,718) | |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Redemptions | (4,092,792) | |
Equinox Frontier Masters Fund [Member] | ||
Redemptions | (4,006,978) | |
Equinox Frontier Select Fund [Member] | ||
Redemptions | (2,859,418) | |
Equinox Frontier Winton Fund [Member] | ||
Redemptions | $ (7,495,168) | |
Subsequent Event [Member] | Equinox Frontier Balanced Fund [Member] | ||
Redemptions | $ 3,596,000 | |
Subsequent Event [Member] | Equinox Frontier Diversified Fund [Member] | ||
Redemptions | 2,177,000 | |
Subsequent Event [Member] | Equinox Frontier Heritage Fund [Member] | ||
Redemptions | 429,000 | |
Subsequent Event [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | ||
Redemptions | 608,000 | |
Subsequent Event [Member] | Equinox Frontier Masters Fund [Member] | ||
Redemptions | 450,000 | |
Subsequent Event [Member] | Equinox Frontier Select Fund [Member] | ||
Redemptions | 830,000 | |
Subsequent Event [Member] | Equinox Frontier Winton Fund [Member] | ||
Redemptions | $ 453,000 |