Cover
Cover - USD ($) | 12 Months Ended | |
Dec. 31, 2023 | Jun. 30, 2023 | |
Document Information [Line Items] | ||
Document Type | 10-K | |
Document Annual Report | true | |
Document Transition Report | false | |
Document Financial Statement Error Correction [Flag] | false | |
Entity Interactive Data Current | Yes | |
ICFR Auditor Attestation Flag | false | |
Amendment Flag | false | |
Document Period End Date | Dec. 31, 2023 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | FY | |
Documents Incorporated by Reference [Text Block] | Portions of the Prospectus filed by the registrant on February 11, 2019 pursuant to rule 424(b)(3) of the Securities Act (File No. 333-210313) are incorporated by reference into Part I and Part II of this report. | |
Entity Information [Line Items] | ||
Entity Registrant Name | FRONTIER FUNDS | |
Entity Central Index Key | 0001261379 | |
Entity File Number | 000-51274 | |
Entity Tax Identification Number | 36-6815533 | |
Entity Incorporation, State or Country Code | DE | |
Current Fiscal Year End Date | --12-31 | |
Entity Well-known Seasoned Issuer | No | |
Entity Voluntary Filers | No | |
Entity Current Reporting Status | Yes | |
Entity Shell Company | false | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Public Float | $ 0 | |
Entity Contact Personnel [Line Items] | ||
Entity Address, Address Line One | 25568 Genesee Trail Road | |
Entity Address, City or Town | Golden | |
Entity Address, State or Province | CO | |
Entity Address, Postal Zip Code | 80401 | |
Entity Phone Fax Numbers [Line Items] | ||
City Area Code | (303) | |
Local Phone Number | 454-5500 | |
Entity Listings [Line Items] | ||
Title of 12(b) Security | N/A | |
No Trading Symbol Flag | true | |
Security Exchange Name | NONE | |
Frontier Diversified Fund | ||
Entity Listings [Line Items] | ||
Entity Common Stock, Shares Outstanding | 22,727 | |
Frontier Masters Fund | ||
Entity Listings [Line Items] | ||
Entity Common Stock, Shares Outstanding | 5,422 | |
Frontier Long/Short Commodity Fund | ||
Entity Listings [Line Items] | ||
Entity Common Stock, Shares Outstanding | 10,720 | |
Frontier Balanced Fund | ||
Entity Listings [Line Items] | ||
Entity Common Stock, Shares Outstanding | 72,578 | |
Frontier Select Fund | ||
Entity Listings [Line Items] | ||
Entity Common Stock, Shares Outstanding | 16,674 | |
Frontier Global Fund | ||
Entity Listings [Line Items] | ||
Entity Common Stock, Shares Outstanding | 8,097 | |
Frontier Heritage Fund | ||
Entity Listings [Line Items] | ||
Entity Common Stock, Shares Outstanding | 14,981 |
Audit Information
Audit Information | 12 Months Ended |
Dec. 31, 2023 | |
Auditor [Table] | |
Auditor Name | Spicer Jeffries LLP |
Auditor Firm ID | 349 |
Auditor Location | Denver, Colorado |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Frontier Funds | ||
ASSETS | ||
Cash and cash equivalents | $ 671,592 | $ 430,193 |
U.S. Treasury securities, at fair value | 37,939 | 389,520 |
Open trade equity, at fair value | 1,670 | |
Receivable from futures commission merchants | 769,384 | 320,241 |
Investments in private investment companies, at fair value | 10,539,963 | 21,440,327 |
Interest receivable | 2,645 | 9,701 |
Total Assets | 12,021,523 | 22,591,652 |
LIABILITIES | ||
Interest payable to Managing Owner | 2,199 | 3,450 |
Open trade deficit, at fair value | 14,434 | |
Redemptions payable | 24,908 | 67,761 |
Incentive fees payable to Managing Owner | 692 | 692 |
Management fees payable to Managing Owner | 2,440 | 1,573 |
Service fees payable to Managing Owner | 16,930 | 33,432 |
Trading fees payable to Managing Owner | 43,957 | 83,102 |
Risk analysis fees payable | 11,307 | 10,442 |
Subscriptions in advance for service fee rebates | 733,996 | 710,323 |
Other liabilities | 2,725 | 14,618 |
Total Liabilities | 853,588 | 925,393 |
CAPITAL | ||
Managing Owner Units | 118,288 | 221,670 |
Limited Owner Units | 11,049,647 | 21,444,589 |
Total Owners’ Capital | 11,167,935 | 21,666,259 |
Total Liabilities and Owners Capital | 12,021,523 | 22,591,652 |
Frontier Diversified Fund | The Series of Frontier Funds | ||
ASSETS | ||
Cash and cash equivalents | 98,119 | 46,604 |
U.S. Treasury securities, at fair value | 5,543 | 42,198 |
Investments in private investment companies, at fair value | 1,386,373 | 2,779,566 |
Investments in unconsolidated trading companies, at fair value | 33,061 | 28,671 |
Interest receivable | 386 | 1,051 |
Total Assets | 1,523,482 | 2,898,090 |
LIABILITIES | ||
Interest payable to Managing Owner | ||
Redemptions payable | 21,822 | |
Service fees payable to Managing Owner | 46 | 85 |
Trading fees payable to Managing Owner | 4,735 | 9,653 |
Subscriptions in advance for service fee rebates | 22,650 | 22,650 |
Other liabilities | 441 | 1,730 |
Total Liabilities | 49,694 | 34,118 |
CAPITAL | ||
Total Owners’ Capital | 1,473,788 | 2,863,972 |
Total Capital | 1,473,788 | 2,863,972 |
Total Liabilities and Owners Capital | 1,523,482 | 2,898,090 |
Frontier Diversified Fund | The Series of Frontier Funds | Class 2 | ||
CAPITAL | ||
Managing Owner Units | 6,030 | 8,523 |
Limited Owner Units | $ 195,936 | $ 392,656 |
Units Outstanding | ||
Units Outstanding (in Shares) | 2,962 | 4,163 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 68.18 | $ 96.37 |
Frontier Diversified Fund | The Series of Frontier Funds | Class 2a | ||
CAPITAL | ||
Managing Owner Units | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Frontier Diversified Fund | The Series of Frontier Funds | Class 3 | ||
CAPITAL | ||
Managing Owner Units | $ 9,964 | $ 20,433 |
Limited Owner Units | $ 1,261,858 | $ 2,442,360 |
Units Outstanding | ||
Units Outstanding (in Shares) | 19,765 | 27,146 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 64.35 | $ 90.72 |
Frontier Diversified Fund | The Series of Frontier Funds | Class 3a | ||
CAPITAL | ||
Managing Owner Units | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Frontier Masters Fund | The Series of Frontier Funds | ||
ASSETS | ||
Cash and cash equivalents | $ 25,514 | $ 18,560 |
U.S. Treasury securities, at fair value | 1,441 | 16,805 |
Investments in private investment companies, at fair value | 341,384 | 705,739 |
Investments in unconsolidated trading companies, at fair value | 8,598 | 11,418 |
Interest receivable | 100 | 419 |
Total Assets | 377,037 | 752,941 |
LIABILITIES | ||
Interest payable to Managing Owner | ||
Redemptions payable | 2,601 | 19,922 |
Service fees payable to Managing Owner | 17 | 43 |
Trading fees payable to Managing Owner | 2,617 | 4,443 |
Subscriptions in advance for service fee rebates | 31,725 | 31,725 |
Other liabilities | 115 | 688 |
Total Liabilities | 37,075 | 56,821 |
CAPITAL | ||
Total Owners’ Capital | 339,962 | 696,120 |
Total Capital | 339,962 | 696,120 |
Total Liabilities and Owners Capital | 377,037 | 752,941 |
Frontier Masters Fund | The Series of Frontier Funds | Class 2 | ||
CAPITAL | ||
Managing Owner Units | 3,523 | 5,100 |
Limited Owner Units | $ 72,663 | $ 177,102 |
Units Outstanding | ||
Units Outstanding (in Shares) | 1,165 | 1,925 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 65.39 | $ 94.64 |
Frontier Masters Fund | The Series of Frontier Funds | Class 2a | ||
CAPITAL | ||
Managing Owner Units | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Frontier Masters Fund | The Series of Frontier Funds | Class 3 | ||
CAPITAL | ||
Managing Owner Units | $ 838 | $ 2,214 |
Limited Owner Units | $ 262,938 | $ 511,704 |
Units Outstanding | ||
Units Outstanding (in Shares) | 4,257 | 5,745 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 61.96 | $ 89.45 |
Frontier Masters Fund | The Series of Frontier Funds | Class 3a | ||
CAPITAL | ||
Managing Owner Units | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | ||
ASSETS | ||
Cash and cash equivalents | $ 50,991 | $ 38,703 |
U.S. Treasury securities, at fair value | 2,881 | 35,044 |
Investments in private investment companies, at fair value | 675,568 | 1,281,982 |
Investments in unconsolidated trading companies, at fair value | 17,181 | 23,810 |
Interest receivable | 201 | 873 |
Total Assets | 746,822 | 1,380,412 |
LIABILITIES | ||
Interest payable to Managing Owner | 40 | 53 |
Redemptions payable | 485 | 12,788 |
Service fees payable to Managing Owner | 8 | 21 |
Trading fees payable to Managing Owner | 1,896 | 3,447 |
Subscriptions in advance for service fee rebates | 393 | 393 |
Other liabilities | 231 | 1,437 |
Total Liabilities | 3,053 | 18,139 |
CAPITAL | ||
Total Owners’ Capital | 743,769 | 1,362,273 |
Total Capital | 743,769 | 1,362,273 |
Total Liabilities and Owners Capital | 746,822 | 1,380,412 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 2 | ||
CAPITAL | ||
Managing Owner Units | 492 | 3,065 |
Limited Owner Units | $ 7,743 | $ 25,648 |
Units Outstanding | ||
Units Outstanding (in Shares) | 113 | 262 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 72.74 | $ 109.65 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 2a | ||
CAPITAL | ||
Managing Owner Units | $ 6,271 | $ 9,328 |
Limited Owner Units | $ 33,166 | $ 80,689 |
Units Outstanding | ||
Units Outstanding (in Shares) | 816 | 1,251 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 48.36 | $ 71.93 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 3 | ||
CAPITAL | ||
Managing Owner Units | ||
Limited Owner Units | $ 590,578 | $ 998,095 |
Units Outstanding | ||
Units Outstanding (in Shares) | 7,739 | 8,677 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 76.31 | $ 115.03 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 3a | ||
CAPITAL | ||
Managing Owner Units | $ 923 | $ 1,369 |
Limited Owner Units | $ 104,596 | $ 244,079 |
Units Outstanding | ||
Units Outstanding (in Shares) | 2,052 | 3,217 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 51.42 | $ 76.29 |
Frontier Balanced Fund | The Series of Frontier Funds | ||
ASSETS | ||
Cash and cash equivalents | $ 230,796 | $ 221,344 |
U.S. Treasury securities, at fair value | 13,038 | 200,417 |
Open trade equity, at fair value | 1,670 | |
Receivable from futures commission merchants | 769,384 | 320,241 |
Investments in private investment companies, at fair value | 4,430,486 | 8,944,014 |
Investments in unconsolidated trading companies, at fair value | 77,766 | 136,169 |
Interest receivable | 909 | 4,991 |
Total Assets | 5,522,379 | 9,828,846 |
LIABILITIES | ||
Interest payable to Managing Owner | 995 | 2,306 |
Open trade deficit, at fair value | 14,434 | |
Redemptions payable | 35,051 | |
Incentive fees payable to Managing Owner | 692 | 692 |
Management fees payable to Managing Owner | 2,440 | 1,573 |
Service fees payable to Managing Owner | 8,793 | 16,784 |
Trading fees payable to Managing Owner | 20,160 | 36,946 |
Risk analysis fees payable | 11,307 | 10,442 |
Subscriptions in advance for service fee rebates | 405,698 | 391,457 |
Other liabilities | 735 | 6,867 |
Total Liabilities | 465,254 | 502,118 |
CAPITAL | ||
Total Owners’ Capital | 5,057,125 | 9,326,728 |
Total Capital | 5,057,125 | 9,326,728 |
Total Liabilities and Owners Capital | 5,522,379 | 9,828,846 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 2 | ||
CAPITAL | ||
Managing Owner Units | 34,646 | 53,242 |
Limited Owner Units | $ 855,248 | $ 1,549,544 |
Units Outstanding | ||
Units Outstanding (in Shares) | 7,950 | 9,318 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 111.93 | $ 172.01 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 2a | ||
CAPITAL | ||
Managing Owner Units | $ 18,194 | $ 43,282 |
Units Outstanding | ||
Units Outstanding (in Shares) | 187 | 290 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 97.44 | $ 149.47 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 3a | ||
CAPITAL | ||
Limited Owner Units | $ 285,316 | $ 471,646 |
Units Outstanding | ||
Units Outstanding (in Shares) | 2,938 | 3,166 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 97.1 | $ 148.96 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 1 | ||
CAPITAL | ||
Limited Owner Units | $ 3,815,001 | $ 7,134,145 |
Units Outstanding | ||
Units Outstanding (in Shares) | 60,916 | 71,936 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 62.63 | $ 99.17 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 1AP | ||
CAPITAL | ||
Limited Owner Units | $ 48,720 | $ 74,869 |
Units Outstanding | ||
Units Outstanding (in Shares) | 587 | 587 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 83.01 | $ 127.56 |
Frontier Select Fund | The Series of Frontier Funds | ||
ASSETS | ||
Cash and cash equivalents | $ 91,807 | $ 33,183 |
U.S. Treasury securities, at fair value | 5,186 | 30,046 |
Open trade equity, at fair value | ||
Receivable from futures commission merchants | ||
Investments in private investment companies, at fair value | 688,250 | 1,449,919 |
Investments in unconsolidated trading companies, at fair value | 30,934 | 20,414 |
Interest receivable | 362 | 748 |
Total Assets | 816,539 | 1,534,310 |
LIABILITIES | ||
Interest payable to Managing Owner | 308 | 342 |
Open trade deficit, at fair value | ||
Redemptions payable | ||
Incentive fees payable to Managing Owner | ||
Management fees payable to Managing Owner | ||
Service fees payable to Managing Owner | 1,878 | 3,630 |
Trading fees payable to Managing Owner | 2,305 | 4,454 |
Risk analysis fees payable | ||
Subscriptions in advance for service fee rebates | 22,558 | 22,046 |
Other liabilities | 415 | 1,232 |
Total Liabilities | 27,464 | 31,704 |
CAPITAL | ||
Total Owners’ Capital | 789,075 | 1,502,606 |
Total Capital | 789,075 | 1,502,606 |
Total Liabilities and Owners Capital | 816,539 | 1,534,310 |
Frontier Select Fund | The Series of Frontier Funds | Class 2 | ||
CAPITAL | ||
Managing Owner Units | 8,611 | 15,168 |
Limited Owner Units | $ 39,746 | $ 59,771 |
Units Outstanding | ||
Units Outstanding (in Shares) | 598 | 616 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 80.92 | $ 121.7 |
Frontier Select Fund | The Series of Frontier Funds | Class 2a | ||
CAPITAL | ||
Managing Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Frontier Select Fund | The Series of Frontier Funds | Class 3a | ||
CAPITAL | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Frontier Select Fund | The Series of Frontier Funds | Class 1 | ||
CAPITAL | ||
Limited Owner Units | $ 733,700 | $ 1,417,113 |
Units Outstanding | ||
Units Outstanding (in Shares) | 15,961 | 19,894 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 45.97 | $ 71.23 |
Frontier Select Fund | The Series of Frontier Funds | Class 1AP | ||
CAPITAL | ||
Limited Owner Units | $ 7,018 | $ 10,554 |
Units Outstanding | ||
Units Outstanding (in Shares) | 115 | 115 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 60.98 | $ 91.71 |
Frontier Global Fund | The Series of Frontier Funds | ||
ASSETS | ||
Cash and cash equivalents | $ 85,804 | $ 26,333 |
U.S. Treasury securities, at fair value | 4,847 | 23,843 |
Investments in private investment companies, at fair value | 1,156,895 | 2,943,814 |
Investments in unconsolidated trading companies, at fair value | 28,911 | 16,200 |
Interest receivable | 338 | 594 |
Total Assets | 1,276,795 | 3,010,784 |
LIABILITIES | ||
Interest payable to Managing Owner | 420 | 302 |
Service fees payable to Managing Owner | 2,704 | 6,437 |
Trading fees payable to Managing Owner | 5,301 | 12,480 |
Subscriptions in advance for service fee rebates | 164,567 | 162,385 |
Other liabilities | 387 | 977 |
Total Liabilities | 173,379 | 182,581 |
CAPITAL | ||
Total Owners’ Capital | 1,103,416 | 2,828,203 |
Total Capital | 1,103,416 | 2,828,203 |
Total Liabilities and Owners Capital | 1,276,795 | 3,010,784 |
Frontier Global Fund | The Series of Frontier Funds | Class 2 | ||
CAPITAL | ||
Managing Owner Units | 11,205 | 28,821 |
Limited Owner Units | $ 23,086 | $ 110,257 |
Units Outstanding | ||
Units Outstanding (in Shares) | 154 | 468 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 222.53 | $ 297.25 |
Frontier Global Fund | The Series of Frontier Funds | Class 1 | ||
CAPITAL | ||
Limited Owner Units | $ 1,069,125 | $ 2,689,125 |
Units Outstanding | ||
Units Outstanding (in Shares) | 7,943 | 14,514 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 134.6 | $ 185.27 |
Frontier Global Fund | The Series of Frontier Funds | Class 1AP | ||
CAPITAL | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Frontier Heritage Fund | The Series of Frontier Funds | ||
ASSETS | ||
Cash and cash equivalents | $ 88,561 | $ 45,466 |
U.S. Treasury securities, at fair value | 5,003 | 41,167 |
Investments in private investment companies, at fair value | 1,634,716 | 3,070,641 |
Investments in unconsolidated trading companies, at fair value | 29,840 | 27,970 |
Interest receivable | 349 | 1,025 |
Total Assets | 1,758,469 | 3,186,269 |
LIABILITIES | ||
Interest payable to Managing Owner | 436 | 447 |
Service fees payable to Managing Owner | 3,484 | 6,432 |
Trading fees payable to Managing Owner | 6,943 | 11,679 |
Subscriptions in advance for service fee rebates | 86,405 | 79,667 |
Other liabilities | 401 | 1,687 |
Total Liabilities | 97,669 | 99,912 |
CAPITAL | ||
Total Owners’ Capital | 1,660,800 | 3,086,357 |
Total Capital | 1,660,800 | 3,086,357 |
Total Liabilities and Owners Capital | 1,758,469 | 3,186,269 |
Frontier Heritage Fund | The Series of Frontier Funds | Class 2 | ||
CAPITAL | ||
Managing Owner Units | 17,591 | 31,125 |
Limited Owner Units | $ 150,682 | $ 211,743 |
Units Outstanding | ||
Units Outstanding (in Shares) | 890 | 915 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 188.97 | $ 265.55 |
Frontier Heritage Fund | The Series of Frontier Funds | Class 1 | ||
CAPITAL | ||
Limited Owner Units | $ 1,483,520 | $ 2,830,832 |
Units Outstanding | ||
Units Outstanding (in Shares) | 13,937 | 18,366 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 106.45 | $ 154.14 |
Frontier Heritage Fund | The Series of Frontier Funds | Class 1AP | ||
CAPITAL | ||
Limited Owner Units | $ 9,007 | $ 12,657 |
Units Outstanding | ||
Units Outstanding (in Shares) | 64 | 64 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 141.2 | $ 198.42 |
Consolidated Condensed Schedule
Consolidated Condensed Schedules of Investments - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 | ||
Private Investment Companies [Member] | Frontier Diversified Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 94.06% | 97.05% | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 1,386,373 | $ 2,779,566 | |
Private Investment Companies [Member] | Frontier Masters Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 100.41% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 341,384 | $ 705,739 | |
Private Investment Companies [Member] | Frontier Masters Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 101.38% | ||
Private Investment Companies [Member] | Frontier Long/Short Commodity Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 90.83% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 675,568 | $ 1,281,982 | |
Private Investment Companies [Member] | Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 94.11% | ||
Private Investment Companies [Member] | Frontier Global Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 104.85% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 1,156,895 | ||
Private Investment Companies [Member] | Frontier Global Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 104.09% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 2,943,814 | ||
Private Investment Companies [Member] | Frontier Heritage Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 98.43% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 1,634,716 | ||
Private Investment Companies [Member] | Frontier Heritage Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 99.49% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 3,070,641 | ||
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Diversified Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 12.28% | 7.37% | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 181,025 | $ 211,143 | |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Masters Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Masters Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | ||
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 0% | |||
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Diversified Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 7.99% | 15.83% | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 117,743 | $ 453,405 | |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Masters Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | |||
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Masters Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | ||
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | |||
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 0% | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Diversified Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 7.29% | 7.41% | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 107,501 | $ 212,180 | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Masters Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 24.58% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 83,565 | $ 164,320 | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Masters Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 23.60% | ||
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 0% | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Diversified Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 27.38% | 23.32% | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 403,570 | $ 667,783 | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Masters Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Masters Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | ||
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 0% | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Diversified Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 22.56% | 26.35% | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 332,437 | $ 754,702 | |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Masters Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 54.30% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 184,610 | $ 313,172 | |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Masters Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 44.99% | ||
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | ||
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Global Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 104.85% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 1,156,895 | ||
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Heritage Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 85.21% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 1,415,114 | ||
Private Investment Companies [Member] | ‣ Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Diversified Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 16.56% | 16.77% | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 244,097 | $ 480,353 | |
Private Investment Companies [Member] | ‣ Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Masters Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 21.53% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 73,209 | $ 228,247 | |
Private Investment Companies [Member] | ‣ Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Masters Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 32.79% | ||
Private Investment Companies [Member] | ‣ Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 26.24% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 195,171 | $ 455,615 | |
Private Investment Companies [Member] | ‣ Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 33.45% | ||
Private Investment Companies [Member] | ‣ Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Global Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | |||
Private Investment Companies [Member] | ‣ Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Global Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | |||
Private Investment Companies [Member] | ‣ Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Heritage Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 13.22% | |||
Investment Owned, % of Total Capital (Net Asset Value) | $ 219,602 | |||
Private Investment Companies [Member] | ‣ Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Heritage Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 22.91% | |||
Investment Owned, % of Total Capital (Net Asset Value) | $ 706,956 | |||
Private Investment Companies [Member] | Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | Frontier Diversified Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | 0% | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | |||
Private Investment Companies [Member] | Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | Frontier Masters Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | |||
Private Investment Companies [Member] | Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | Frontier Masters Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | ||
Private Investment Companies [Member] | Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | Frontier Long/Short Commodity Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 20.06% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 149,233 | $ 252,472 | |
Private Investment Companies [Member] | Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 18.53% | |||
Private Investment Companies [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | Frontier Diversified Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | 0% | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | |||
Private Investment Companies [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | Frontier Masters Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | |||
Private Investment Companies [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | Frontier Masters Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0% | ||
Private Investment Companies [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 44.53% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 331,164 | $ 573,895 | |
Private Investment Companies [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 42.13% | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Global Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 104.09% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 2,943,814 | ||
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Heritage Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 76.58% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 2,363,685 | ||
Investment in Unconsolidated Trading Companies [Member] | Frontier Diversified Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 2.24% | 1% | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 33,061 | $ 28,671 | |
Investment in Unconsolidated Trading Companies [Member] | Frontier Masters Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 2.53% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 8,598 | $ 11,418 | |
Investment in Unconsolidated Trading Companies [Member] | Frontier Masters Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 1.64% | ||
Investment in Unconsolidated Trading Companies [Member] | Frontier Long/Short Commodity Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 2.31% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 17,181 | $ 23,810 | |
Investment in Unconsolidated Trading Companies [Member] | Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 1.75% | ||
Investment in Unconsolidated Trading Companies [Member] | Frontier Global Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 2.62% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 28,911 | ||
Investment in Unconsolidated Trading Companies [Member] | Frontier Global Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0.57% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 16,200 | ||
Investment in Unconsolidated Trading Companies [Member] | Frontier Heritage Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 1.80% | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 29,840 | ||
Investment in Unconsolidated Trading Companies [Member] | Frontier Heritage Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0.91% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 27,970 | ||
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Diversified Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 2.24% | 1% | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 33,061 | $ 28,671 | |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Masters Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 2.53% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 8,598 | $ 11,418 | |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Masters Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 1.64% | ||
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Long/Short Commodity Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 2.31% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 17,181 | $ 23,810 | |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 1.75% | ||
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Global Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 2.62% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 28,911 | ||
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Global Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0.57% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 16,200 | ||
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Heritage Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 1.80% | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 29,840 | ||
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Heritage Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [1] | 0.91% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | $ 27,970 | ||
US Treasury Securities [Member] | US Treasury Note [Member] | Frontier Global Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 0.44% | |||
Investment Owned, % of Total Capital (Net Asset Value) | $ 4,847 | |||
US Treasury Securities [Member] | US Treasury Note [Member] | Frontier Heritage Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 0.30% | |||
Investment Owned, % of Total Capital (Net Asset Value) | $ 5,003 | |||
US Treasury Notes Securities [Member] | US Treasury Note [Member] | Frontier Diversified Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 1.47% | |||
Investment Owned, % of Total Capital (Net Asset Value) | $ 42,198 | |||
US Treasury Notes Securities [Member] | US Treasury Note [Member] | Frontier Masters Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 2.41% | |||
Investment Owned, % of Total Capital (Net Asset Value) | $ 16,805 | |||
US Treasury Notes Securities [Member] | US Treasury Note [Member] | Frontier Long/Short Commodity Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 2.57% | |||
Investment Owned, % of Total Capital (Net Asset Value) | $ 35,044 | |||
US Treasury Notes Securities [Member] | US Treasury Note [Member] | Frontier Global Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [2] | 0.84% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | $ 23,843 | ||
US Treasury Notes Securities [Member] | US Treasury Note [Member] | Frontier Heritage Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | [2] | 1.33% | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | $ 41,167 | ||
Fair Value [Member] | US Treasury Securities [Member] | US Treasury Note [Member] | Frontier Diversified Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | $ 5,543 | |||
Fair Value [Member] | US Treasury Securities [Member] | US Treasury Note [Member] | Frontier Diversified Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 0.38% | |||
Fair Value [Member] | US Treasury Securities [Member] | US Treasury Note [Member] | Frontier Masters Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 0.42% | |||
Investment Owned, % of Total Capital (Net Asset Value) | $ 1,441 | |||
Fair Value [Member] | US Treasury Securities [Member] | US Treasury Note [Member] | Frontier Long/Short Commodity Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | $ 2,881 | |||
Fair Value [Member] | US Treasury Securities [Member] | US Treasury Note [Member] | Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, Fair Value | 0.39% | |||
Fair Value [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Diversified Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 39,704 | ||
Fair Value [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Masters Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 15,812 | ||
Fair Value [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Long/Short Commodity Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 32,973 | ||
Fair Value One [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Diversified Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | $ 5,333 | ||
Fair Value One [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Masters Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 1,387 | ||
Fair Value One [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Long/Short Commodity Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 2,771 | ||
Fair Value One [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Global Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 22,434 | ||
Fair Value One [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Heritage Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 38,734 | ||
Cost [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Diversified Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 5,684 | ||
Cost [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Masters Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 1,478 | ||
Cost [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Long/Short Commodity Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 2,954 | ||
Cost [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Global Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 23,885 | ||
Cost [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Heritage Fund [Member] | The Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 41,238 | ||
Face Value One [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Global Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 4,663 | ||
Face Value One [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Heritage Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 4,813 | ||
Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Cost One [Member] | Frontier Global Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 4,971 | ||
Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Cost One [Member] | Frontier Heritage Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | $ 5,131 | ||
Cost [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Diversified Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 42,270 | ||
Cost [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Masters Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 16,834 | ||
Cost [Member] | Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | Frontier Long/Short Commodity Fund [Member] | Series of Frontier Funds [Member] | ||||
PRIVATE INVESTMENT COMPANIES (2) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | $ 35,105 | ||
[1] See Note 5 to the Financial Statements. See Note 2 to the Financial Statements. |
Condensed Schedule of Futures C
Condensed Schedule of Futures Contracts and Investment Companies - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 | |||
SHORT FUTURES CONTRACTS [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [1] | $ (14,434) | $ (587) | [2] | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.29%) | 0% | [2] | |
SHORT FUTURES CONTRACTS [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [1] | [2] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] | 0% | [2] | |
SHORT FUTURES CONTRACTS [Member] | Fair Value [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [3] | $ (14,434) | |||
SHORT FUTURES CONTRACTS [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [4] | $ (587) | |||
SHORT FUTURES CONTRACTS [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.13%) | |||
SHORT FUTURES CONTRACTS [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [1] | $ (14,434) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.29%) | |||
SHORT FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [1] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | Fair Value [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [3] | $ (14,434) | |||
SHORT FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.13%) | |||
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [1],[2] | $ (216) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1],[2] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [2] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [4] | $ (216) | |||
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various agriculture futures contracts One (Europe) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [1],[2] | $ (227) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1],[2] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various agriculture futures contracts One (Europe) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [2] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts One (Europe) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [1],[2] | $ 67 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1],[2] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts One (Europe) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [2] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [1],[2] | $ (55) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1],[2] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [2] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [4] | $ (55) | |||
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [1],[2] | $ (50) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1],[2] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [2] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [4] | $ (50) | |||
SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [1],[2] | $ (106) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1],[2] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [2] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (Europe) [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [4] | $ (227) | |||
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (Europe) [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various Currency Futures Contracts (Europe) [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [4] | $ 67 | |||
SHORT FUTURES CONTRACTS [Member] | Various Currency Futures Contracts (Europe) [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0% | |||
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [4] | $ (106) | |||
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0% | |||
Open Trade Equity (Deficit) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [1] | $ (14,434) | $ 1,670 | [2] | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.29%) | 0.03% | [2] | |
Open Trade Equity (Deficit) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [1] | [2] | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] | 0% | [2] | |
Open Trade Equity (Deficit) [Member] | Fair Value [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [3] | $ (14,434) | |||
Open Trade Equity (Deficit) [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | (0.13%) | |||
Private Investment Companies [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5] | $ 4,430,486 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [5] | 87.61% | |||
Private Investment Companies [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5] | $ 688,250 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [5] | 87.22% | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5] | $ 256,616 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [5] | 5.07% | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [5] | 0% | |||
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5] | $ 510,709 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [5] | 10.10% | |||
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [5] | 0% | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5] | $ 573,404 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [5] | 11.34% | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5] | $ 322,247 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [5] | 40.84% | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5] | $ 1,174,679 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [5] | 23.23% | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [5] | 0% | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5] | $ 1,255,982 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [5] | 24.84% | |||
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [5] | 0% | |||
Private Investment Companies [Member] | ‣ Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5] | $ 659,096 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [5] | 13.03% | |||
Private Investment Companies [Member] | ‣ Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5] | $ 366,003 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [5] | 46.38% | |||
Investment in Unconsolidated Trading Companies [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | $ 77,766 | [5] | $ 136,169 | [6] | |
Investment Owned, % of Total Capital (Net Asset Value) | 1.54% | [5] | 1.46% | [6] | |
Investment in Unconsolidated Trading Companies [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | $ 30,934 | [5] | $ 20,414 | [6] | |
Investment Owned, % of Total Capital (Net Asset Value) | 3.92% | [5] | 1.36% | [6] | |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | $ 77,766 | [5] | $ 136,169 | [6] | |
Investment Owned, % of Total Capital (Net Asset Value) | 1.54% | [5] | 1.46% | [6] | |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | $ 30,934 | [5] | $ 20,414 | [6] | |
Investment Owned, % of Total Capital (Net Asset Value) | 3.92% | [5] | 1.36% | [6] | |
US Treasury Securities [Member] | Fair Value [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | $ 37,939 | ||||
US Treasury Securities [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | $ 389,520 | ||||
US Treasury Securities [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.34% | ||||
US Treasury Securities [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 1.80% | ||||
US Treasury Securities [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | $ 13,038 | $ 200,417 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.26% | 2.15% | |||
US Treasury Securities [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | $ 5,186 | $ 30,046 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.66% | 2% | |||
US Treasury Securities [Member] | US Treasury Note [Member] | Fair Value [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | $ 37,939 | ||||
US Treasury Securities [Member] | US Treasury Note [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | $ 389,520 | ||||
US Treasury Securities [Member] | US Treasury Note [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.34% | ||||
US Treasury Securities [Member] | US Treasury Note [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 1.80% | ||||
Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | $ 12,543 | [7] | $ 188,573 | [8] | |
Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | 4,990 | [7] | 28,270 | [8] | |
LONG FUTURES CONTRACTS [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [1],[2] | $ 2,257 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1],[2] | 0.03% | |||
LONG FUTURES CONTRACTS [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [2] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |||
LONG FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [1],[2] | $ 1,590 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1],[2] | 0.02% | |||
LONG FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [2] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |||
LONG FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [4] | $ 1,590 | |||
LONG FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0.01% | |||
LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [1],[2] | $ (230) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1],[2] | 0% | |||
LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [2] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |||
LONG FUTURES CONTRACTS [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [4] | $ 2,257 | |||
LONG FUTURES CONTRACTS [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0.01% | |||
LONG FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [1],[2] | $ 897 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1],[2] | 0.01% | |||
LONG FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [2] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0% | |||
LONG FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [4] | $ 897 | |||
LONG FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0% | |||
LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [4] | $ (230) | |||
LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0% | |||
PRIVATE INVESTMENT COMPANIES [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [6],[7] | $ 8,944,014 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [6],[7] | 95.90% | |||
PRIVATE INVESTMENT COMPANIES [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [6] | $ 1,449,919 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [6] | 96.49% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Fair Value [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [9] | $ 10,539,963 | |||
PRIVATE INVESTMENT COMPANIES [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [10] | $ 21,440,327 | |||
PRIVATE INVESTMENT COMPANIES [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [9] | 94.39% | |||
PRIVATE INVESTMENT COMPANIES [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [10] | 98.96% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5],[6],[7] | $ 352,115 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [5],[6] | 3.78% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5],[6] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [6] | 0% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Fair Value [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [9] | $ 437,641 | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [10] | $ 563,258 | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [9] | 3.92% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [10] | 2.60% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5],[6],[7] | $ 1,803,881 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [5],[6] | 19.34% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5],[6] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [6] | 0% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Fair Value [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [9] | $ 628,452 | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [9] | 5.63% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Fair Value [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [9] | $ 1,086,717 | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [10] | $ 2,154,581 | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [9] | 9.73% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [10] | 9.94% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5],[6],[7] | $ 1,747,568 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [5],[6] | 18.74% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5],[6] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [6] | 0% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Fair Value [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [9] | $ 1,578,249 | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [10] | $ 2,415,351 | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [9] | 14.13% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [10] | 11.15% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5],[6],[7] | $ 1,900,887 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [5],[6] | 20.38% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [5],[6] | ||||
Investment Owned, % of Total Capital (Net Asset Value) | [6] | 0% | |||
PRIVATE INVESTMENT COMPANIES [Member] | ‣ Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [10] | $ 4,682,572 | |||
PRIVATE INVESTMENT COMPANIES [Member] | ‣ Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [10] | 21.61% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Quantica Managed Future Feeder Fund (507) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [6] | $ 1,285,974 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [6] | 13.79% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Quantica Managed Future Feeder Fund (507) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [6] | $ 492,107 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [6] | 32.75% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [6],[7] | $ 1,853,589 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [6],[7] | 19.87% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [6] | $ 957,812 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [6] | 63.74% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Fair Value [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [9] | $ 1,757,178 | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [9] | 15.73% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Quest Fit Feeder Fund (535) LLC [Member] | Fair Value [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [9] | $ 226,291 | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Quest Fit Feeder Fund (535) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [9] | 2.03% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Fair Value [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [9] | $ 4,345,038 | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [10] | $ 8,276,260 | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [9] | 38.91% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [10] | 38.20% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | Fair Value [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [9] | $ 149,233 | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [9] | 1.34% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Funds - LRR Feeder Fund (522) LLC [Member] | Fair Value [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [9] | $ 331,164 | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Funds - LRR Feeder Fund (522) LLC [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [10] | $ 573,895 | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Funds - LRR Feeder Fund (522) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [9] | 2.97% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Funds - LRR Feeder Fund (522) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [10] | 2.65% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [10] | $ 2,257,286 | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [10] | 10.42% | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Quest Fit Feeder Fund (535) [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [10] | $ 264,652 | |||
PRIVATE INVESTMENT COMPANIES [Member] | Galaxy Plus Fund - Quest Fit Feeder Fund (535) [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [10] | 1.22% | |||
Open Trade Equity/(Deficit) [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [4] | $ 1,670 | |||
Open Trade Equity/(Deficit) [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0.01% | |||
Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | Fair Value [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | [10] | $ 252,472 | |||
Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | % of Total Capital (Net Asset Value) [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [10] | 1.17% | |||
Cost [Member] | Additional Disclosure on U.S. Treasury Securities One [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | $ 13,370 | [7] | $ 200,764 | [8] | |
Cost [Member] | Additional Disclosure on U.S. Treasury Securities One [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||||
SHORT FUTURES CONTRACTS* | |||||
Investment Owned, Fair Value | $ 5,319 | [7] | $ 30,098 | [8] | |
[1] Except for those items disclosed, no individual futures, or forwards position constituted greater than 1 percent of Net Asset Value. Accordingly, the number of contracts and expiration dates are not presented. Except for those items disclosed, no individual futures, forwards and option on futures contract position constituted greater than 1 percent of Net Asset Value. Accordingly, the number of contracts and expiration dates are not presented. Except for those items disclosed, no individual futures, forwards and option on futures contract position constituted greater than 1 percent of Net Asset Value. Accordingly, the number of contracts and expiration dates are not presented. See Note 5 to the Financial Statements. See Note 2 to the Financial Statements. See Notes to Consolidated Financial Statements, Note 5. See Notes to Consolidated Financial Statements, Note 5. |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Frontier Funds | |||
Investment income: | |||
Interest - net | $ 15,880 | $ 10,897 | $ 11,678 |
Total Income/(loss) | 15,880 | 10,897 | 11,678 |
Expenses: | |||
Incentive Fees (rebate) | (5,126) | 199,276 | 158,775 |
Management Fees | 16,237 | 18,115 | 18,441 |
Service Fees - Class 1 | 311,369 | 494,806 | 452,671 |
Risk analysis Fees | 6,391 | 5,434 | 5,532 |
Due Diligence Fees | 3,512 | 5,527 | 5,717 |
Trading Fees | 700,937 | 1,044,671 | 941,238 |
Total Expenses | 1,033,320 | 1,767,829 | 1,582,374 |
Investment income/(loss) - net | (1,017,440) | (1,756,932) | (1,570,696) |
Realized and unrealized gain/(loss) on investments: | |||
Net realized gain/(loss) on futures, forwards and options | (322,226) | 807,627 | 872,699 |
Net unrealized gain/(loss) on private investment companies | (6,248,287) | 4,643,860 | 511,420 |
Net realized gain/(loss) on private investment companies | 1,183,455 | 2,137,393 | 1,417,718 |
Net change in open trade equity/(deficit) | (16,104) | (13,166) | (89,306) |
Net realized gain/(loss) on U.S. Treasury securities | (25,553) | (62,411) | (34,992) |
Net unrealized gain/(loss) on U.S. Treasury securities | (295) | 1,166 | (866) |
Trading commissions | (10,773) | (8,536) | (15,423) |
Net gain/(loss) on investments | (5,439,783) | 7,505,933 | 2,661,250 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (6,457,223) | 5,749,001 | 1,090,554 |
The Series of the Frontier Funds | Frontier Diversified Fund | |||
Investment income: | |||
Interest - net | 4,856 | 6,281 | 4,550 |
Total Income/(loss) | 4,856 | 6,281 | 4,550 |
Expenses: | |||
Incentive Fees (rebate) | (13,788) | ||
Service Fees - Class 1 | 797 | 1,128 | 2,118 |
Due Diligence Fees | 2,590 | 4,073 | 4,304 |
Trading Fees | 80,028 | 123,260 | 125,429 |
Total Expenses | 83,415 | 114,673 | 131,851 |
Investment income/(loss) - net | (78,559) | (108,392) | (127,301) |
Realized and unrealized gain/(loss) on investments: | |||
Net unrealized gain/(loss) on private investment companies | (689,973) | 168,307 | 98,954 |
Net realized gain/(loss) on private investment companies | 28,768 | 251,470 | 98,105 |
Net realized gain/(loss) on U.S. Treasury securities | (4,347) | (7,623) | (4,809) |
Net unrealized gain/(loss) on U.S. Treasury securities | (317) | (2,303) | (832) |
Change in fair value of investments in unconsolidated trading companies | (1,912) | 22,808 | 5,041 |
Net gain/(loss) on investments | (667,781) | 432,659 | 196,459 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (746,340) | 324,267 | 69,158 |
Less: Operations attributable to non-controlling interests | |||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | $ (746,340) | $ 324,267 | $ 69,158 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||
Class 1 (in Dollars per share) | $ (72.68) | ||
Class 1a (in Dollars per share) | |||
Class 2 (in Dollars per share) | (28.19) | 7.39 | 0.03 |
Class 2a (in Dollars per share) | |||
Class 3 (in Dollars per share) | (26.37) | 7.16 | 0.23 |
Class 3a (in Dollars per share) | |||
The Series of the Frontier Funds | Frontier Masters Fund | |||
Investment income: | |||
Interest - net | $ 2,575 | $ 2,815 | $ 3,141 |
Total Income/(loss) | 2,575 | 2,815 | 3,141 |
Expenses: | |||
Incentive Fees (rebate) | |||
Service Fees - Class 1 | 310 | 563 | 628 |
Due Diligence Fees | 641 | 1,004 | 1,032 |
Trading Fees | 36,622 | 55,575 | 52,957 |
Total Expenses | 37,573 | 57,142 | 54,617 |
Investment income/(loss) - net | (34,998) | (54,327) | (51,476) |
Realized and unrealized gain/(loss) on investments: | |||
Net unrealized gain/(loss) on private investment companies | (184,930) | 192,089 | 64,947 |
Net realized gain/(loss) on private investment companies | 16,030 | 89,888 | 24,753 |
Net realized gain/(loss) on U.S. Treasury securities | (2,274) | (3,779) | (3,365) |
Net unrealized gain/(loss) on U.S. Treasury securities | (798) | (89) | 227 |
Change in fair value of investments in unconsolidated trading companies | 1,339 | 8,287 | 12,521 |
Net gain/(loss) on investments | (170,633) | 286,396 | 99,083 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (205,631) | 232,069 | 47,607 |
Less: Operations attributable to non-controlling interests | |||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | $ (205,631) | $ 232,069 | $ 47,607 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||
Class 1 (in Dollars per share) | $ (55.18) | ||
Class 1a (in Dollars per share) | |||
Class 2 (in Dollars per share) | (29.25) | 24.47 | 2.63 |
Class 2a (in Dollars per share) | |||
Class 3 (in Dollars per share) | (27.49) | 23.3 | 2.63 |
Class 3a (in Dollars per share) | |||
The Series of the Frontier Funds | Frontier Long/ Short Commodity Fund | |||
Investment income: | |||
Interest - net | $ 3,665 | $ 3,427 | $ 3,722 |
Total Income/(loss) | 3,665 | 3,427 | 3,722 |
Expenses: | |||
Incentive Fees (rebate) | (5,126) | ||
Service Fees - Class 1 | 164 | 270 | 228 |
Due Diligence Fees | 281 | 450 | 381 |
Trading Fees | 30,053 | 41,502 | 38,961 |
Total Expenses | 25,372 | 42,222 | 39,570 |
Investment income/(loss) - net | (21,707) | (38,795) | (35,848) |
Realized and unrealized gain/(loss) on investments: | |||
Net unrealized gain/(loss) on private investment companies | (391,844) | 243,664 | 53,498 |
Net realized gain/(loss) on private investment companies | (3,650) | 56,892 | 47,148 |
Net realized gain/(loss) on U.S. Treasury securities | (3,178) | (5,686) | (5,738) |
Net unrealized gain/(loss) on U.S. Treasury securities | (4,078) | (653) | 1,187 |
Change in fair value of investments in unconsolidated trading companies | 9,033 | 12,989 | 14,025 |
Net gain/(loss) on investments | (393,717) | 307,206 | 110,120 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (415,424) | 268,411 | 74,272 |
Less: Operations attributable to non-controlling interests | |||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | $ (415,424) | $ 268,411 | $ 74,272 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||
Class 1 (in Dollars per share) | |||
Class 1a (in Dollars per share) | |||
Class 2 (in Dollars per share) | (36.91) | 19.68 | 3.98 |
Class 2a (in Dollars per share) | (23.57) | 13.18 | 3.46 |
Class 3 (in Dollars per share) | (38.72) | 20.65 | 4.17 |
Class 3a (in Dollars per share) | $ (24.87) | $ 14.13 | $ 3.79 |
The Series of the Frontier Funds | Frontier Balanced Fund | |||
Investment income: | |||
Interest - net | $ 4,784 | $ 265 | |
Total Income/(loss) | 4,784 | 265 | |
Expenses: | |||
Incentive Fees (rebate) | 213,064 | 158,775 | |
Interest - net | 1,626 | ||
Management Fees | 16,237 | 18,115 | 18,441 |
Service Fees - Class 1 | 163,312 | 263,174 | 258,209 |
Risk analysis Fees | 6,391 | 5,434 | 5,532 |
Trading Fees | 316,070 | 475,553 | 435,300 |
Total Expenses | 502,010 | 976,966 | 876,257 |
Investment income/(loss) - net | (497,226) | (976,966) | (875,992) |
Realized and unrealized gain/(loss) on investments: | |||
Net realized gain/(loss) on futures, forwards and options | (322,226) | 807,627 | 872,699 |
Net unrealized gain/(loss) on private investment companies | (2,487,297) | 1,673,486 | 171,769 |
Net realized gain/(loss) on private investment companies | 176,701 | 666,011 | 542,771 |
Net change in open trade equity/(deficit) | (16,104) | (13,166) | (89,306) |
Net realized gain/(loss) on U.S. Treasury securities | (12,643) | (27,240) | (11,502) |
Net unrealized gain/(loss) on U.S. Treasury securities | (1,105) | 8,388 | 1,499 |
Trading commissions | (10,773) | (8,536) | (15,423) |
Change in fair value of investments in unconsolidated trading companies | (5,357) | 44,604 | (32,534) |
Net gain/(loss) on investments | (2,678,804) | 3,151,174 | 1,439,973 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (3,176,030) | 2,174,208 | 563,981 |
Less: Operations attributable to non-controlling interests | |||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | $ (3,176,030) | $ 2,174,208 | $ 563,981 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||
Class 1 (in Dollars per share) | $ (36.54) | $ 16.35 | $ 2.89 |
Class 1a (in Dollars per share) | (44.55) | 24.18 | 6.57 |
Class 2 (in Dollars per share) | (60.08) | 32.61 | 8.86 |
Class 2a (in Dollars per share) | (52.03) | 28.49 | 7.78 |
Class 3a (in Dollars per share) | $ (51.86) | $ 28.39 | $ 7.76 |
The Series of the Frontier Funds | Frontier Select Fund | |||
Investment income: | |||
Interest - net | |||
Total Income/(loss) | |||
Expenses: | |||
Incentive Fees (rebate) | |||
Interest - net | |||
Management Fees | |||
Service Fees - Class 1 | 30,349 | 53,197 | 46,410 |
Risk analysis Fees | |||
Trading Fees | 35,241 | 60,136 | 46,943 |
Total Expenses | 65,590 | 113,333 | 93,353 |
Investment income/(loss) - net | (65,590) | (113,333) | (93,353) |
Realized and unrealized gain/(loss) on investments: | |||
Net realized gain/(loss) on futures, forwards and options | |||
Net unrealized gain/(loss) on private investment companies | (514,228) | 345,213 | 3,095 |
Net realized gain/(loss) on private investment companies | 73,108 | (42,378) | 233,656 |
Net change in open trade equity/(deficit) | |||
Net realized gain/(loss) on U.S. Treasury securities | (3,410) | (4,946) | (3,778) |
Net unrealized gain/(loss) on U.S. Treasury securities | (1,243) | (454) | 852 |
Trading commissions | |||
Change in fair value of investments in unconsolidated trading companies | 2,162 | 11,659 | 9,337 |
Net gain/(loss) on investments | (443,611) | 309,094 | 243,162 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (509,201) | 195,761 | 149,809 |
Less: Operations attributable to non-controlling interests | |||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | $ (509,201) | $ 195,761 | $ 149,809 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||
Class 1 (in Dollars per share) | $ (25.26) | $ 7.84 | $ 4.84 |
Class 1a (in Dollars per share) | (30.73) | 12.5 | 8.22 |
Class 2 (in Dollars per share) | (40.78) | 16.6 | 10.9 |
Class 2a (in Dollars per share) | |||
Class 3a (in Dollars per share) | |||
The Series of the Frontier Funds | Frontier Global Fund | |||
Investment income: | |||
Interest - net | |||
Total Income/(loss) | |||
Expenses: | |||
Service Fees - Class 1 | 53,005 | 84,304 | 76,678 |
Trading Fees | 97,276 | 148,079 | 140,017 |
Total Expenses | 150,281 | 232,383 | 216,695 |
Investment income/(loss) - net | (150,281) | (232,383) | (216,695) |
Realized and unrealized gain/(loss) on investments: | |||
Net unrealized gain/(loss) on private investment companies | (992,864) | 962,203 | (97,778) |
Net realized gain/(loss) on private investment companies | 605,108 | 671,439 | 292,612 |
Net realized gain/(loss) on U.S. Treasury securities | 3,229 | (6,920) | (2,415) |
Net unrealized gain/(loss) on U.S. Treasury securities | 948 | (1,779) | (2,520) |
Change in fair value of investments in unconsolidated trading companies | (21,944) | 18,002 | 17,061 |
Net gain/(loss) on investments | (405,523) | 1,642,945 | 206,960 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (555,804) | 1,410,562 | (9,735) |
Less: Operations attributable to non-controlling interests | |||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | $ (555,804) | $ 1,410,562 | $ (9,735) |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||
Class 1 (in Dollars per share) | $ (50.67) | $ 75.82 | $ (1.45) |
Class 1a (in Dollars per share) | |||
Class 2 (in Dollars per share) | $ (74.72) | $ 126.85 | $ 2.84 |
The Series of the Frontier Funds | Frontier Heritage Fund | |||
Investment income: | |||
Interest - net | |||
Total Income/(loss) | |||
Expenses: | |||
Service Fees - Class 1 | 63,432 | 92,170 | 68,400 |
Trading Fees | 105,647 | 140,566 | 101,631 |
Total Expenses | 169,079 | 232,736 | 170,031 |
Investment income/(loss) - net | (169,079) | (232,736) | (170,031) |
Realized and unrealized gain/(loss) on investments: | |||
Net unrealized gain/(loss) on private investment companies | (951,657) | 906,091 | 197,905 |
Net realized gain/(loss) on private investment companies | 290,112 | 461,959 | 156,731 |
Net realized gain/(loss) on U.S. Treasury securities | (2,930) | (6,217) | (3,385) |
Net unrealized gain/(loss) on U.S. Treasury securities | 6,298 | (1,944) | (1,279) |
Change in fair value of investments in unconsolidated trading companies | (21,537) | 16,570 | 15,525 |
Net gain/(loss) on investments | (679,714) | 1,376,459 | 365,497 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (848,793) | 1,143,723 | 195,466 |
Less: Operations attributable to non-controlling interests | |||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | $ (848,793) | $ 1,143,723 | $ 195,466 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | |||
Class 1 (in Dollars per share) | $ (47.69) | $ 50.71 | $ 7.33 |
Class 1a (in Dollars per share) | (57.22) | 69.23 | 12.69 |
Class 2 (in Dollars per share) | $ (76.58) | $ 92.64 | $ 16.99 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Owners’ Capital - USD ($) | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Frontier Funds | ||||
Owners' Capital, Beginning balance | $ 21,666,259 | $ 20,339,690 | $ 25,569,139 | |
Redemption of Units | (4,041,101) | (4,422,432) | (6,327,003) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (6,457,223) | 5,749,001 | 1,090,554 | |
Owners’ Capital, Ending balance | 11,167,935 | 21,666,259 | $ 20,339,690 | |
Sale of Units (including transfers) (in Shares) | 7,000 | |||
Frontier Funds | Limited Owners | ||||
Owners' Capital, Beginning balance | 21,444,589 | 20,125,168 | $ 25,285,922 | |
Redemption of Units | (3,999,251) | (4,363,132) | (6,236,203) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (6,395,691) | 5,682,553 | 1,075,449 | |
Owners’ Capital, Ending balance | 11,049,647 | 21,444,589 | $ 20,125,168 | |
Sale of Units (including transfers) (in Shares) | ||||
Frontier Funds | Managing Owner | ||||
Owners' Capital, Beginning balance | 221,670 | 214,522 | $ 283,217 | |
Redemption of Units | (41,850) | (59,300) | (90,800) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (61,532) | 66,448 | 15,105 | |
Owners’ Capital, Ending balance | 118,288 | 221,670 | $ 214,522 | |
Sale of Units (including transfers) (in Shares) | 7,000 | |||
Frontier Diversified Fund | The Series of Frontier Funds | ||||
Owners' Capital, Beginning balance | 2,863,972 | 3,033,140 | $ 4,182,971 | |
Sale of Units and (including transfers) | 6,000 | |||
Redemption of Units | (643,844) | (493,435) | (1,224,989) | |
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (746,340) | 324,267 | 69,158 | |
Owners’ Capital, Ending balance | 1,473,788 | 2,863,972 | 3,033,140 | |
Frontier Diversified Fund | The Series of Frontier Funds | Non- Controlling Interests | ||||
Owners' Capital, Beginning balance | ||||
Sale of Units and (including transfers) | ||||
Redemption of Units | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | ||||
Owners’ Capital, Ending balance | ||||
Frontier Diversified Fund | The Series of Frontier Funds | Class 1 | Limited Owners | ||||
Owners' Capital, Beginning balance | 154,260 | |||
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 2,122 | |||
Redemption of Units | $ (161,099) | |||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 6,839 | |||
Owners’ Capital, Ending balance | ||||
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 72.68 | |||
Redemption of Units (including transfers) (in Shares) | (2,122) | |||
Owners’ Capital, Units, Ending balance (in Shares) | ||||
Change in net asset value per unit | $ (72.68) | |||
Net asset value per unit, Ending balance (in Dollars per share) | [1] | |||
Frontier Diversified Fund | The Series of Frontier Funds | Class 2 | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 4,163 | |||
Owners’ Capital, Units, Ending balance (in Shares) | 2,962 | 4,163 | ||
Frontier Diversified Fund | The Series of Frontier Funds | Class 2 | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 392,656 | $ 373,647 | $ 464,012 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 4,074 | 4,199 | 5,217 | |
Redemption of Units | $ (97,165) | $ (15,125) | $ (91,628) | |
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (99,555) | 34,134 | 1,263 | |
Owners’ Capital, Ending balance | $ 195,936 | $ 392,656 | $ 373,647 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 96.37 | $ 88.98 | $ 88.95 | |
Redemption of Units (including transfers) (in Shares) | (1,201) | (125) | (1,018) | |
Owners’ Capital, Units, Ending balance (in Shares) | 2,873 | 4,074 | 4,199 | |
Change in net asset value per unit | $ (28.19) | $ 7.39 | $ 0.03 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 68.18 | [1] | $ 96.37 | $ 88.98 |
Frontier Diversified Fund | The Series of Frontier Funds | Class 2 | Managing Owner | ||||
Owners' Capital, Beginning balance | $ 8,523 | $ 7,870 | $ 2,212 | |
Sale of Units and (including transfers) | $ 6,000 | |||
Owners' Capital, Units, Beginning balance (in Shares) | 89 | 89 | 25 | |
Redemption of Units | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (2,493) | 653 | (342) | |
Owners’ Capital, Ending balance | $ 6,030 | $ 8,523 | $ 7,870 | |
Sale of Units (including transfers) (in Shares) | 64 | |||
Redemption of Units (including transfers) (in Shares) | ||||
Owners’ Capital, Units, Ending balance (in Shares) | 89 | 89 | 89 | |
Frontier Diversified Fund | The Series of Frontier Funds | Class 3 | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 27,146 | |||
Owners’ Capital, Units, Ending balance (in Shares) | 19,765 | 27,146 | ||
Frontier Diversified Fund | The Series of Frontier Funds | Class 3 | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 2,442,360 | $ 2,628,946 | $ 3,508,082 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 26,921 | 31,462 | 42,100 | |
Redemption of Units | $ (541,179) | $ (473,510) | $ (939,962) | |
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (639,323) | 286,924 | 60,826 | |
Owners’ Capital, Ending balance | $ 1,261,858 | $ 2,442,360 | $ 2,628,946 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 90.72 | $ 83.56 | $ 83.33 | |
Redemption of Units (including transfers) (in Shares) | (7,311) | (4,541) | (10,638) | |
Owners’ Capital, Units, Ending balance (in Shares) | 19,610 | 26,921 | 31,462 | |
Change in net asset value per unit | $ (26.37) | $ 7.16 | $ 0.23 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 64.35 | [1] | $ 90.72 | $ 83.56 |
Frontier Diversified Fund | The Series of Frontier Funds | Class 3 | Managing Owner | ||||
Owners' Capital, Beginning balance | $ 20,433 | $ 22,677 | $ 54,405 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 225 | 271 | 653 | |
Redemption of Units | $ (5,500) | $ (4,800) | $ (32,300) | |
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (4,969) | 2,556 | 572 | |
Owners’ Capital, Ending balance | $ 9,964 | $ 20,433 | $ 22,677 | |
Sale of Units (including transfers) (in Shares) | ||||
Redemption of Units (including transfers) (in Shares) | (70) | (46) | (382) | |
Owners’ Capital, Units, Ending balance (in Shares) | 155 | 225 | 271 | |
Frontier Diversified Fund | The Series of Frontier Funds | Class 2a | ||||
Owners' Capital, Units, Beginning balance (in Shares) | ||||
Owners’ Capital, Units, Ending balance (in Shares) | ||||
Frontier Diversified Fund | The Series of Frontier Funds | Class 3a | ||||
Owners' Capital, Units, Beginning balance (in Shares) | ||||
Owners’ Capital, Units, Ending balance (in Shares) | ||||
Frontier Masters Fund | The Series of Frontier Funds | ||||
Owners' Capital, Beginning balance | $ 696,120 | $ 707,674 | $ 993,527 | |
Sale of Units and (including transfers) | 1,000 | |||
Redemption of Units | (150,527) | (243,623) | (334,460) | |
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (205,631) | 232,069 | 47,607 | |
Owners’ Capital, Ending balance | 339,962 | 696,120 | 707,674 | |
Frontier Masters Fund | The Series of Frontier Funds | Non- Controlling Interests | ||||
Owners' Capital, Beginning balance | ||||
Sale of Units and (including transfers) | ||||
Redemption of Units | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | ||||
Owners’ Capital, Ending balance | ||||
Frontier Masters Fund | The Series of Frontier Funds | Class 1 | Limited Owners | ||||
Owners' Capital, Beginning balance | 9,740 | |||
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 177 | |||
Redemption of Units | ||||
Transfer of Units In(Out) | (10,187) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 447 | |||
Owners’ Capital, Ending balance | ||||
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 55.18 | |||
Redemption of Units (including transfers) (in Shares) | (177) | |||
Owners’ Capital, Units, Ending balance (in Shares) | ||||
Change in net asset value per unit | $ (55.18) | |||
Net asset value per unit, Ending balance (in Dollars per share) | [1] | |||
Frontier Masters Fund | The Series of Frontier Funds | Class 2 | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 1,925 | |||
Owners’ Capital, Units, Ending balance (in Shares) | 1,165 | 1,925 | ||
Frontier Masters Fund | The Series of Frontier Funds | Class 2 | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 177,102 | $ 194,618 | $ 257,673 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 1,872 | 2,775 | 3,816 | |
Redemption of Units | $ (55,886) | $ (69,840) | $ (74,835) | |
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (48,553) | 52,324 | 11,780 | |
Owners’ Capital, Ending balance | $ 72,663 | $ 177,102 | $ 194,618 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 94.64 | $ 70.17 | $ 67.54 | |
Redemption of Units (including transfers) (in Shares) | (760) | (903) | (1,041) | |
Owners’ Capital, Units, Ending balance (in Shares) | 1,112 | 1,872 | 2,775 | |
Change in net asset value per unit | $ (29.25) | $ 24.47 | $ 2.63 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 65.39 | [1] | $ 94.64 | $ 70.17 |
Frontier Masters Fund | The Series of Frontier Funds | Class 2 | Managing Owner | ||||
Owners' Capital, Beginning balance | $ 5,100 | $ 3,781 | $ 6,265 | |
Sale of Units and (including transfers) | $ 1,000 | |||
Owners' Capital, Units, Beginning balance (in Shares) | 53 | 53 | 93 | |
Redemption of Units | $ (3,500) | |||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (1,577) | 1,319 | 16 | |
Owners’ Capital, Ending balance | $ 3,523 | $ 5,100 | $ 3,781 | |
Sale of Units (including transfers) (in Shares) | 13 | |||
Redemption of Units (including transfers) (in Shares) | (53) | |||
Owners’ Capital, Units, Ending balance (in Shares) | 53 | 53 | 53 | |
Frontier Masters Fund | The Series of Frontier Funds | Class 3 | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 5,745 | |||
Owners’ Capital, Units, Ending balance (in Shares) | 4,257 | 5,745 | ||
Frontier Masters Fund | The Series of Frontier Funds | Class 3 | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 511,704 | $ 505,342 | $ 712,682 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 5,720 | 7,639 | 11,220 | |
Redemption of Units | $ (93,741) | $ (170,633) | $ (252,625) | |
Transfer of Units In(Out) | 10,187 | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (155,025) | 176,995 | 35,098 | |
Owners’ Capital, Ending balance | $ 262,938 | $ 511,704 | $ 505,342 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 89.45 | $ 66.15 | $ 63.52 | |
Redemption of Units (including transfers) (in Shares) | (1,477) | (1,919) | (3,581) | |
Owners’ Capital, Units, Ending balance (in Shares) | 4,243 | 5,720 | 7,639 | |
Change in net asset value per unit | $ (27.49) | $ 23.3 | $ 2.63 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 61.96 | [1] | $ 89.45 | $ 66.15 |
Frontier Masters Fund | The Series of Frontier Funds | Class 3 | Managing Owner | ||||
Owners' Capital, Beginning balance | $ 2,214 | $ 3,933 | $ 7,167 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 25 | 60 | 113 | |
Redemption of Units | $ (900) | $ (3,150) | $ (3,500) | |
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (476) | 1,431 | 266 | |
Owners’ Capital, Ending balance | $ 838 | $ 2,214 | $ 3,933 | |
Sale of Units (including transfers) (in Shares) | ||||
Redemption of Units (including transfers) (in Shares) | (11) | (35) | (53) | |
Owners’ Capital, Units, Ending balance (in Shares) | 14 | 25 | 60 | |
Frontier Masters Fund | The Series of Frontier Funds | Class 2a | ||||
Owners' Capital, Units, Beginning balance (in Shares) | ||||
Owners’ Capital, Units, Ending balance (in Shares) | ||||
Frontier Masters Fund | The Series of Frontier Funds | Class 3a | ||||
Owners' Capital, Units, Beginning balance (in Shares) | ||||
Owners’ Capital, Units, Ending balance (in Shares) | ||||
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | ||||
Owners' Capital, Beginning balance | $ 1,362,273 | $ 1,240,324 | $ 1,313,303 | |
Sale of Units and (including transfers) | ||||
Redemption of Units | (203,080) | (146,462) | (147,251) | |
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (415,424) | 268,411 | 74,272 | |
Owners’ Capital, Ending balance | 743,769 | 1,362,273 | 1,240,324 | |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Non- Controlling Interests | ||||
Owners' Capital, Beginning balance | ||||
Sale of Units and (including transfers) | ||||
Redemption of Units | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | ||||
Owners’ Capital, Ending balance | ||||
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 2 | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 262 | |||
Owners’ Capital, Units, Ending balance (in Shares) | 113 | 262 | ||
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 2 | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 25,648 | $ 21,045 | $ 30,334 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 234 | 234 | 353 | |
Redemption of Units | $ (11,488) | $ (11,508) | ||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (6,417) | 4,603 | 2,219 | |
Owners’ Capital, Ending balance | $ 7,743 | $ 25,648 | $ 21,045 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 109.65 | $ 89.97 | $ 85.99 | |
Redemption of Units (including transfers) (in Shares) | (128) | (119) | ||
Owners’ Capital, Units, Ending balance (in Shares) | 106 | 234 | 234 | |
Change in net asset value per unit | $ (36.91) | $ 19.68 | $ 3.98 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 72.74 | [1] | $ 109.65 | $ 89.97 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 2 | Managing Owner | ||||
Owners' Capital, Beginning balance | $ 3,065 | $ 4,121 | $ 3,939 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 28 | 46 | 46 | |
Redemption of Units | $ (1,850) | $ (2,000) | ||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (723) | 944 | 182 | |
Owners’ Capital, Ending balance | $ 492 | $ 3,065 | $ 4,121 | |
Sale of Units (including transfers) (in Shares) | ||||
Redemption of Units (including transfers) (in Shares) | (21) | (18) | ||
Owners’ Capital, Units, Ending balance (in Shares) | 7 | 28 | 46 | |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 3 | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 8,677 | |||
Owners’ Capital, Units, Ending balance (in Shares) | 7,739 | 8,677 | ||
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 3 | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 998,095 | $ 923,058 | $ 976,771 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 8,677 | 9,780 | 10,828 | |
Redemption of Units | $ (91,605) | $ (120,894) | $ (106,533) | |
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (315,912) | 195,931 | 52,820 | |
Owners’ Capital, Ending balance | $ 590,578 | $ 998,095 | $ 923,058 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 115.03 | $ 94.38 | $ 90.21 | |
Redemption of Units (including transfers) (in Shares) | (938) | (1,103) | (1,048) | |
Owners’ Capital, Units, Ending balance (in Shares) | 7,739 | 8,677 | 9,780 | |
Change in net asset value per unit | $ (38.72) | $ 20.65 | $ 4.17 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 76.31 | [1] | $ 115.03 | $ 94.38 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 2a | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 1,251 | |||
Owners’ Capital, Units, Ending balance (in Shares) | 816 | 1,251 | ||
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 2a | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 80,689 | $ 76,239 | $ 76,583 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 1,122 | 1,299 | 1,386 | |
Redemption of Units | $ (24,666) | $ (12,788) | $ (4,963) | |
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (22,857) | 17,238 | 4,619 | |
Owners’ Capital, Ending balance | $ 33,166 | $ 80,689 | $ 76,239 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 71.93 | $ 58.75 | $ 55.29 | |
Redemption of Units (including transfers) (in Shares) | (435) | (177) | (87) | |
Owners’ Capital, Units, Ending balance (in Shares) | 687 | 1,122 | 1,299 | |
Change in net asset value per unit | $ (23.57) | $ 13.18 | $ 3.46 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 48.36 | [1] | $ 71.93 | $ 58.75 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 2a | Managing Owner | ||||
Owners' Capital, Beginning balance | $ 9,328 | $ 7,619 | $ 8,274 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 129 | 129 | 149 | |
Redemption of Units | $ (1,300) | |||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (3,057) | 1,709 | 645 | |
Owners’ Capital, Ending balance | $ 6,271 | $ 9,328 | $ 7,619 | |
Sale of Units (including transfers) (in Shares) | ||||
Redemption of Units (including transfers) (in Shares) | (20) | |||
Owners’ Capital, Units, Ending balance (in Shares) | 129 | 129 | 129 | |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 3a | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 3,217 | |||
Owners’ Capital, Units, Ending balance (in Shares) | 2,052 | 3,217 | ||
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 3a | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 244,079 | $ 207,126 | $ 216,354 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 3,199 | 3,333 | 3,707 | |
Redemption of Units | $ (73,471) | $ (10,780) | $ (22,947) | |
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (66,012) | 47,733 | 13,719 | |
Owners’ Capital, Ending balance | $ 104,596 | $ 244,079 | $ 207,126 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 76.29 | $ 62.16 | $ 58.37 | |
Redemption of Units (including transfers) (in Shares) | (1,165) | (133) | (374) | |
Owners’ Capital, Units, Ending balance (in Shares) | 2,034 | 3,199 | 3,333 | |
Change in net asset value per unit | $ (24.87) | $ 14.13 | $ 3.79 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 51.42 | [1] | $ 76.29 | $ 62.16 |
Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Class 3a | Managing Owner | ||||
Owners' Capital, Beginning balance | $ 1,369 | $ 1,116 | $ 1,048 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 18 | 18 | 18 | |
Redemption of Units | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (446) | 253 | 68 | |
Owners’ Capital, Ending balance | $ 923 | $ 1,369 | $ 1,116 | |
Sale of Units (including transfers) (in Shares) | ||||
Redemption of Units (including transfers) (in Shares) | ||||
Owners’ Capital, Units, Ending balance (in Shares) | 18 | 18 | 18 | |
Frontier Balanced Fund | The Series of Frontier Funds | ||||
Owners' Capital, Beginning balance | $ 9,326,728 | $ 9,509,033 | $ 12,110,279 | |
Redemption of Units | (1,093,573) | (2,356,513) | (3,165,227) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (3,176,030) | 2,174,208 | 563,981 | |
Owners’ Capital, Ending balance | 5,057,125 | 9,326,728 | 9,509,033 | |
Frontier Balanced Fund | The Series of Frontier Funds | Non- Controlling Interests | ||||
Owners' Capital, Beginning balance | ||||
Redemption of Units | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | ||||
Owners’ Capital, Ending balance | ||||
Frontier Balanced Fund | The Series of Frontier Funds | Class 1 | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 71,936 | |||
Owners’ Capital, Units, Ending balance (in Shares) | 60,916 | 71,936 | ||
Frontier Balanced Fund | The Series of Frontier Funds | Class 1 | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 7,134,145 | $ 7,471,841 | $ 9,430,532 | |
Owners' Capital, Units, Beginning balance (in Shares) | 71,936 | 90,219 | 117,991 | |
Redemption of Units | $ (853,070) | $ (2,018,252) | $ (2,341,345) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (2,466,074) | 1,680,556 | 382,654 | |
Owners’ Capital, Ending balance | $ 3,815,001 | $ 7,134,145 | $ 7,471,841 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 99.17 | $ 82.82 | $ 79.93 | |
Redemption of Units (including transfers) (in Shares) | (11,020) | (18,283) | (27,772) | |
Owners’ Capital, Units, Ending balance (in Shares) | 60,916 | 71,936 | 90,219 | |
Change in net asset value per unit | $ (36.54) | $ 16.35 | $ 2.89 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 62.63 | [1] | $ 99.17 | $ 82.82 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 2 | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 9,318 | |||
Owners’ Capital, Units, Ending balance (in Shares) | 7,950 | 9,318 | ||
Frontier Balanced Fund | The Series of Frontier Funds | Class 2 | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 1,549,544 | $ 1,489,930 | $ 1,906,359 | |
Owners' Capital, Units, Beginning balance (in Shares) | 9,008 | 10,688 | 14,603 | |
Redemption of Units | $ (199,732) | $ (302,031) | $ (539,532) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (494,564) | 361,645 | 123,103 | |
Owners’ Capital, Ending balance | $ 855,248 | $ 1,549,544 | $ 1,489,930 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 172.01 | $ 139.4 | $ 130.54 | |
Redemption of Units (including transfers) (in Shares) | (1,368) | (1,680) | (3,915) | |
Owners’ Capital, Units, Ending balance (in Shares) | 7,640 | 9,008 | 10,688 | |
Change in net asset value per unit | $ (60.08) | $ 32.61 | $ 8.86 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 111.93 | [1] | $ 172.01 | $ 139.4 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 2 | Managing Owner | ||||
Owners' Capital, Beginning balance | $ 53,242 | $ 43,148 | $ 51,810 | |
Owners' Capital, Units, Beginning balance (in Shares) | 310 | 310 | 397 | |
Redemption of Units | $ (12,500) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (18,596) | 10,094 | 3,838 | |
Owners’ Capital, Ending balance | $ 34,646 | $ 53,242 | $ 43,148 | |
Sale of Units (including transfers) (in Shares) | ||||
Redemption of Units (including transfers) (in Shares) | (87) | |||
Owners’ Capital, Units, Ending balance (in Shares) | 310 | 310 | 310 | |
Frontier Balanced Fund | The Series of Frontier Funds | Class 2a | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 290 | |||
Owners’ Capital, Units, Ending balance (in Shares) | 187 | 290 | ||
Frontier Balanced Fund | The Series of Frontier Funds | Class 2a | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 30,961 | |||
Owners' Capital, Units, Beginning balance (in Shares) | 274 | |||
Redemption of Units | $ (34,162) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 3,201 | |||
Owners’ Capital, Ending balance | ||||
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 149.47 | $ 120.98 | $ 113.2 | |
Redemption of Units (including transfers) (in Shares) | (274) | |||
Owners’ Capital, Units, Ending balance (in Shares) | ||||
Change in net asset value per unit | $ (52.03) | $ 28.49 | $ 7.78 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 97.44 | [1] | $ 149.47 | $ 120.98 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 2a | Managing Owner | ||||
Owners' Capital, Beginning balance | $ 43,282 | $ 56,328 | $ 75,416 | |
Owners' Capital, Units, Beginning balance (in Shares) | 290 | 466 | 666 | |
Redemption of Units | $ (13,000) | $ (28,650) | $ (23,500) | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (12,088) | 15,604 | 4,412 | |
Owners’ Capital, Ending balance | $ 18,194 | $ 43,282 | $ 56,328 | |
Sale of Units (including transfers) (in Shares) | ||||
Redemption of Units (including transfers) (in Shares) | (103) | (176) | (200) | |
Owners’ Capital, Units, Ending balance (in Shares) | 187 | 290 | 466 | |
Frontier Balanced Fund | The Series of Frontier Funds | Class 3a | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 3,166 | |||
Owners’ Capital, Units, Ending balance (in Shares) | 2,938 | 3,166 | ||
Frontier Balanced Fund | The Series of Frontier Funds | Class 3a | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 471,646 | $ 381,759 | $ 507,148 | |
Owners' Capital, Units, Beginning balance (in Shares) | 3,166 | 3,166 | 4,495 | |
Redemption of Units | $ (27,771) | $ (163,035) | ||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (158,559) | 89,887 | 37,646 | |
Owners’ Capital, Ending balance | $ 285,316 | $ 471,646 | $ 381,759 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 148.96 | $ 120.57 | $ 112.81 | |
Redemption of Units (including transfers) (in Shares) | (228) | (1,329) | ||
Owners’ Capital, Units, Ending balance (in Shares) | 2,938 | 3,166 | 3,166 | |
Change in net asset value per unit | $ (51.86) | $ 28.39 | $ 7.76 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 97.1 | [1] | $ 148.96 | $ 120.57 |
Frontier Balanced Fund | The Series of Frontier Funds | Class 1AP | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 587 | |||
Owners’ Capital, Units, Ending balance (in Shares) | 587 | 587 | ||
Frontier Balanced Fund | The Series of Frontier Funds | Class 1AP | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 74,869 | $ 66,027 | $ 108,053 | |
Owners' Capital, Units, Beginning balance (in Shares) | 587 | 639 | 1,116 | |
Redemption of Units | $ (7,580) | $ (51,153) | ||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (26,149) | 16,422 | 9,127 | |
Owners’ Capital, Ending balance | $ 48,720 | $ 74,869 | $ 66,027 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 127.56 | $ 103.38 | $ 96.81 | |
Redemption of Units (including transfers) (in Shares) | (52) | (477) | ||
Owners’ Capital, Units, Ending balance (in Shares) | 587 | 587 | 639 | |
Change in net asset value per unit | $ (44.55) | $ 24.18 | $ 6.57 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 83.01 | [1] | $ 127.56 | $ 103.38 |
Frontier Select Fund | The Series of Frontier Funds | ||||
Owners' Capital, Beginning balance | $ 1,502,606 | $ 1,415,870 | $ 1,653,128 | |
Sale of Units and (including transfers) | ||||
Payment made by Related Party | ||||
Redemption of Units | (204,330) | (109,025) | (387,067) | |
Change in control of ownership - Trading Companies | ||||
Operations attributable to non-controlling interests | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (509,201) | 195,761 | 149,809 | |
Owners’ Capital, Ending balance | 789,075 | 1,502,606 | 1,415,870 | |
Frontier Select Fund | The Series of Frontier Funds | Non- Controlling Interests | ||||
Owners' Capital, Beginning balance | ||||
Sale of Units and (including transfers) | ||||
Payment made by Related Party | ||||
Redemption of Units | ||||
Change in control of ownership - Trading Companies | ||||
Operations attributable to non-controlling interests | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | ||||
Owners’ Capital, Ending balance | ||||
Frontier Select Fund | The Series of Frontier Funds | Class 1 | Limited Owners | ||||
Owners' Capital, Beginning balance | 1,417,113 | 1,334,518 | $ 1,575,328 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 19,894 | 21,051 | 26,906 | |
Payment made by Related Party | ||||
Redemption of Units | $ (202,580) | $ (100,095) | (381,729) | |
Change in control of ownership - Trading Companies | ||||
Operations attributable to non-controlling interests | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (480,833) | 182,690 | 140,919 | |
Owners’ Capital, Ending balance | $ 733,700 | $ 1,417,113 | $ 1,334,518 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 71.23 | $ 63.39 | $ 58.55 | |
Redemption of Units (including transfers) (in Shares) | (3,933) | (1,157) | (5,855) | |
Owners’ Capital, Units, Ending balance (in Shares) | 15,961 | 19,894 | 21,051 | |
Change in net asset value per unit | $ (25.26) | $ 7.84 | $ 4.84 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 45.97 | [1] | $ 71.23 | $ 63.39 |
Frontier Select Fund | The Series of Frontier Funds | Class 2 | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 59,771 | $ 56,112 | $ 50,769 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 492 | 535 | 539 | |
Payment made by Related Party | ||||
Redemption of Units | $ (5,200) | (482) | ||
Change in control of ownership - Trading Companies | ||||
Operations attributable to non-controlling interests | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (20,025) | 8,859 | 5,825 | |
Owners’ Capital, Ending balance | $ 39,746 | $ 59,771 | $ 56,112 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 121.7 | $ 105.1 | $ 94.2 | |
Redemption of Units (including transfers) (in Shares) | (43) | (4) | ||
Owners’ Capital, Units, Ending balance (in Shares) | 492 | 492 | 535 | |
Change in net asset value per unit | $ (40.78) | $ 16.6 | $ 10.9 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 80.92 | [1] | $ 121.7 | $ 105.1 |
Frontier Select Fund | The Series of Frontier Funds | Class 2 | Managing Owner | ||||
Owners' Capital, Beginning balance | $ 15,168 | $ 14,981 | $ 17,210 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 124 | 142 | 183 | |
Payment made by Related Party | ||||
Redemption of Units | $ (1,750) | $ (2,400) | (4,200) | |
Change in control of ownership - Trading Companies | ||||
Operations attributable to non-controlling interests | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (4,807) | 2,587 | 1,971 | |
Owners’ Capital, Ending balance | $ 8,611 | $ 15,168 | $ 14,981 | |
Sale of Units (including transfers) (in Shares) | ||||
Redemption of Units (including transfers) (in Shares) | (18) | (18) | (41) | |
Owners’ Capital, Units, Ending balance (in Shares) | 106 | 124 | 142 | |
Frontier Select Fund | The Series of Frontier Funds | Class 1AP | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 10,554 | $ 10,259 | $ 9,821 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 115 | 129 | 138 | |
Payment made by Related Party | ||||
Redemption of Units | $ (1,330) | (656) | ||
Change in control of ownership - Trading Companies | ||||
Operations attributable to non-controlling interests | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (3,536) | 1,625 | 1,094 | |
Owners’ Capital, Ending balance | $ 7,018 | $ 10,554 | $ 10,259 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 91.71 | $ 79.21 | $ 70.99 | |
Redemption of Units (including transfers) (in Shares) | (14) | (9) | ||
Owners’ Capital, Units, Ending balance (in Shares) | 115 | 115 | 129 | |
Change in net asset value per unit | $ (30.73) | $ 12.5 | $ 8.22 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 60.98 | [1] | $ 91.71 | $ 79.21 |
Frontier Global Fund | The Series of Frontier Funds | ||||
Owners' Capital, Beginning balance | $ 2,828,203 | $ 2,111,341 | $ 2,930,649 | |
Sale of Units and (including transfers) | ||||
Payment made by Related Party | ||||
Redemption of Units | (1,168,983) | (693,700) | (809,573) | |
Change in control of ownership - Trading Companies | ||||
Operations attributable to non-controlling interests | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (555,804) | 1,410,562 | (9,735) | |
Owners’ Capital, Ending balance | 1,103,416 | 2,828,203 | 2,111,341 | |
Frontier Global Fund | The Series of Frontier Funds | Non- Controlling Interests | ||||
Owners' Capital, Beginning balance | ||||
Sale of Units and (including transfers) | ||||
Payment made by Related Party | ||||
Redemption of Units | ||||
Change in control of ownership - Trading Companies | ||||
Operations attributable to non-controlling interests | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | ||||
Owners’ Capital, Ending balance | ||||
Frontier Global Fund | The Series of Frontier Funds | Class 1 | Limited Owners | ||||
Owners' Capital, Beginning balance | 2,689,125 | 1,926,328 | $ 2,741,972 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 14,514 | 17,600 | 24,724 | |
Payment made by Related Party | ||||
Redemption of Units | $ (1,085,295) | $ (540,252) | (802,573) | |
Change in control of ownership - Trading Companies | ||||
Operations attributable to non-controlling interests | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (534,705) | 1,303,049 | (13,071) | |
Owners’ Capital, Ending balance | $ 1,069,125 | $ 2,689,125 | $ 1,926,328 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 185.27 | $ 109.45 | $ 110.9 | |
Redemption of Units (including transfers) (in Shares) | (6,571) | (3,086) | (7,124) | |
Owners’ Capital, Units, Ending balance (in Shares) | 7,943 | 14,514 | 17,600 | |
Change in net asset value per unit | $ (50.67) | $ 75.82 | $ (1.45) | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 134.6 | [1] | $ 185.27 | $ 109.45 |
Frontier Global Fund | The Series of Frontier Funds | Class 2 | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 110,257 | $ 159,984 | $ 157,311 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 371 | 939 | 939 | |
Payment made by Related Party | ||||
Redemption of Units | $ (70,588) | $ (140,948) | ||
Change in control of ownership - Trading Companies | ||||
Operations attributable to non-controlling interests | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (16,583) | 91,221 | 2,673 | |
Owners’ Capital, Ending balance | $ 23,086 | $ 110,257 | $ 159,984 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 297.25 | $ 170.4 | $ 167.56 | |
Redemption of Units (including transfers) (in Shares) | (267) | (568) | ||
Owners’ Capital, Units, Ending balance (in Shares) | 104 | 371 | 939 | |
Change in net asset value per unit | $ (74.72) | $ 126.85 | $ 2.84 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 222.53 | [1] | $ 297.25 | $ 170.4 |
Frontier Global Fund | The Series of Frontier Funds | Class 2 | Managing Owner | ||||
Owners' Capital, Beginning balance | $ 28,821 | $ 25,029 | $ 31,366 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 97 | 147 | 187 | |
Payment made by Related Party | ||||
Redemption of Units | $ (13,100) | $ (12,500) | (7,000) | |
Change in control of ownership - Trading Companies | ||||
Operations attributable to non-controlling interests | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (4,516) | 16,292 | 663 | |
Owners’ Capital, Ending balance | $ 11,205 | $ 28,821 | $ 25,029 | |
Sale of Units (including transfers) (in Shares) | ||||
Redemption of Units (including transfers) (in Shares) | (47) | (50) | (40) | |
Owners’ Capital, Units, Ending balance (in Shares) | 50 | 97 | 147 | |
Frontier Heritage Fund | The Series of Frontier Funds | ||||
Owners' Capital, Beginning balance | $ 3,086,357 | $ 2,322,308 | $ 2,385,282 | |
Sale of Units and (including transfers) | ||||
Payment made by Related Party | ||||
Redemption of Units | (576,764) | (379,674) | (258,440) | |
Change in control of ownership - Trading Companies | ||||
Operations attributable to non-controlling interests | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (848,793) | 1,143,723 | 195,466 | |
Owners’ Capital, Ending balance | 1,660,800 | 3,086,357 | 2,322,308 | |
Frontier Heritage Fund | The Series of Frontier Funds | Non- Controlling Interests | ||||
Owners' Capital, Beginning balance | ||||
Sale of Units and (including transfers) | ||||
Payment made by Related Party | ||||
Redemption of Units | ||||
Change in control of ownership - Trading Companies | ||||
Operations attributable to non-controlling interests | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | ||||
Owners’ Capital, Ending balance | ||||
Frontier Heritage Fund | The Series of Frontier Funds | Class 1 | Limited Owners | ||||
Owners' Capital, Beginning balance | 2,830,832 | 2,119,250 | $ 2,169,152 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 18,366 | 20,491 | 22,572 | |
Payment made by Related Party | ||||
Redemption of Units | $ (571,014) | $ (316,598) | (217,618) | |
Change in control of ownership - Trading Companies | ||||
Operations attributable to non-controlling interests | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (776,298) | 1,028,180 | 167,716 | |
Owners’ Capital, Ending balance | $ 1,483,520 | $ 2,830,832 | $ 2,119,250 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 154.14 | $ 103.43 | $ 96.1 | |
Redemption of Units (including transfers) (in Shares) | (4,429) | (2,125) | (2,081) | |
Owners’ Capital, Units, Ending balance (in Shares) | 13,937 | 18,366 | 20,491 | |
Change in net asset value per unit | $ (47.69) | $ 50.71 | $ 7.33 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 106.45 | [1] | $ 154.14 | $ 103.43 |
Frontier Heritage Fund | The Series of Frontier Funds | Class 2 | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 211,743 | $ 170,897 | $ 183,565 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 797 | 988 | 1,177 | |
Payment made by Related Party | ||||
Redemption of Units | $ (57,276) | (36,721) | ||
Change in control of ownership - Trading Companies | ||||
Operations attributable to non-controlling interests | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (61,061) | 98,122 | 24,053 | |
Owners’ Capital, Ending balance | $ 150,682 | $ 211,743 | $ 170,897 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 265.55 | $ 172.91 | $ 155.92 | |
Redemption of Units (including transfers) (in Shares) | (191) | (189) | ||
Owners’ Capital, Units, Ending balance (in Shares) | 797 | 797 | 988 | |
Change in net asset value per unit | $ (76.58) | $ 92.64 | $ 16.99 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 188.97 | [1] | $ 265.55 | $ 172.91 |
Frontier Heritage Fund | The Series of Frontier Funds | Class 2 | Managing Owner | ||||
Owners' Capital, Beginning balance | $ 31,125 | $ 23,919 | $ 24,105 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 118 | 139 | 155 | |
Payment made by Related Party | ||||
Redemption of Units | $ (5,750) | $ (5,800) | (3,000) | |
Change in control of ownership - Trading Companies | ||||
Operations attributable to non-controlling interests | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (7,784) | 13,006 | 2,814 | |
Owners’ Capital, Ending balance | $ 17,591 | $ 31,125 | $ 23,919 | |
Sale of Units (including transfers) (in Shares) | ||||
Redemption of Units (including transfers) (in Shares) | (25) | (21) | (16) | |
Owners’ Capital, Units, Ending balance (in Shares) | 93 | 118 | 139 | |
Frontier Heritage Fund | The Series of Frontier Funds | Class 1AP | Limited Owners | ||||
Owners' Capital, Beginning balance | $ 12,657 | $ 8,242 | $ 8,460 | |
Sale of Units and (including transfers) | ||||
Owners' Capital, Units, Beginning balance (in Shares) | 64 | 64 | 73 | |
Payment made by Related Party | ||||
Redemption of Units | (1,101) | |||
Change in control of ownership - Trading Companies | ||||
Operations attributable to non-controlling interests | ||||
Transfer of Units In(Out) | ||||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | (3,650) | 4,415 | 883 | |
Owners’ Capital, Ending balance | $ 9,007 | $ 12,657 | $ 8,242 | |
Sale of Units (including transfers) (in Shares) | ||||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 198.42 | $ 129.19 | $ 116.5 | |
Redemption of Units (including transfers) (in Shares) | (9) | |||
Owners’ Capital, Units, Ending balance (in Shares) | 64 | 64 | 64 | |
Change in net asset value per unit | $ (57.22) | $ 69.23 | $ 12.69 | |
Net asset value per unit, Ending balance (in Dollars per share) | $ 141.2 | [1] | $ 198.42 | $ 129.19 |
[1] Values are for both the Managing Owner and Limited Owners. |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Frontier Funds | |||
Cash Flows from Operating Activities: | |||
Net increase/(decrease) in capital resulting from operations | $ (6,457,223) | $ 5,749,001 | $ 1,090,554 |
Increase and/or decrease in: | |||
Proceeds from sale of capital | 7,000 | ||
Payment for redemption of capital | (4,041,101) | (4,422,432) | (6,327,004) |
Change in: | |||
Net change in open trade equity, at fair value | 16,104 | 13,166 | 85,604 |
Net change in ownership allocation of U.S. Treasury securities | (26,169) | (15,849) | (16,260) |
Net unrealized (gain)/loss on U.S. Treasury securities | 295 | (1,166) | 866 |
Net realized (gain)/loss on U.S. Treasury securities | 25,553 | 62,411 | 34,992 |
Net unrealized (gain)/loss on private investment companies | 6,248,287 | (4,643,860) | (511,420) |
Net realized (gain)/loss on private investment companies | (1,183,455) | (2,137,393) | (1,417,718) |
(Purchases) sales of: | |||
Sales of U.S. Treasury securities | 1,462,386 | 2,847,509 | 4,526,234 |
(Purchases) of U.S. Treasury securities | (1,126,364) | (3,152,834) | (2,415,391) |
U.S. Treasury interest and premium paid/amortized | 15,880 | 10,897 | 11,678 |
(Purchases) of Private Investment Companies | (3,542,791) | (17,491,552) | (6,734,082) |
Sale of Private Investment Companies | 9,378,323 | 22,427,541 | 12,157,468 |
Increase and/or decrease in: | |||
Receivable from futures commission merchants | (449,143) | 498,121 | (584,389) |
Interest receivable | 7,056 | (6,672) | 42,550 |
Redemptions receivable from private investment companies | 181,323 | ||
Incentive fees payable to Managing Owner | (54,010) | 54,702 | |
Management fees payable to Managing Owner, net of change in receivable | 867 | 142 | (7,423) |
Interest payable to Managing Owner | (1,251) | 1,736 | (393) |
Trading fees payable to Managing Owner | (39,145) | 12,104 | (10,700) |
Service fees payable to Managing Owner | (16,502) | 1,513 | (4,786) |
Risk analysis fees payable | 865 | 62 | 867 |
Subscriptions in advance for service fee rebates | 23,673 | 36,514 | 34,847 |
Other liabilities | (11,893) | (3,007) | 1,033 |
Net cash provided by (used in) operating activities | 4,325,353 | 4,154,374 | 6,520,156 |
Cash Flows from Financing Activities: | |||
Change in owner redemptions payable | (42,853) | (481) | 30,114 |
Net cash provided by (used in) financing activities | (4,083,954) | (4,422,913) | (6,289,890) |
Net increase (decrease) in cash and cash equivalents | 241,399 | (268,539) | 230,266 |
Cash and cash equivalents, beginning of year | 430,193 | 698,732 | 468,466 |
Cash and cash equivalents, end of year | 671,592 | 430,193 | 698,732 |
The Series of Frontier Funds | Frontier Diversified Fund | |||
Cash Flows from Operating Activities: | |||
Net increase/(decrease) in capital resulting from operations | (746,340) | 324,267 | 69,158 |
Change in: | |||
Net change in ownership allocation of U.S. Treasury securities | 278,148 | 400,338 | 897,176 |
Net unrealized (gain)/loss on U.S. Treasury securities | 317 | 2,303 | 832 |
Net realized (gain)/loss on U.S. Treasury securities | 4,347 | 7,623 | 4,809 |
Net unrealized (gain)/loss on private investment companies | 689,973 | (168,307) | (98,954) |
Net realized (gain)/loss on private investment companies | (28,768) | (251,470) | (98,105) |
(Purchases) sales of: | |||
Sales of swap contracts | 4,870,025 | ||
(Purchases) of swap contracts | (4,469,147) | ||
Sales of U.S. Treasury securities | 261,948 | 180,769 | 552,562 |
(Purchases) of U.S. Treasury securities | (512,961) | (606,238) | (1,065,811) |
U.S. Treasury interest and premium paid/amortized | 4,856 | 6,281 | 4,550 |
(Purchases) of Private Investment Companies | (389,359) | (974,066) | (6,219,401) |
Reduction of collateral in Swap contracts | (400,878) | ||
Sale of Private Investment Companies | 1,121,347 | 1,452,935 | 7,222,405 |
Increase and/or decrease in: | |||
Investments in unconsolidated trading companies, at fair value | (4,390) | 2,117 | (14,119) |
Interest receivable | 665 | (334) | 7,817 |
Receivable from related parties | 4,892 | ||
Redemptions receivable from private investment companies | 31,886 | ||
Interest payable to Managing Owner | |||
Trading fees payable to Managing Owner | (4,918) | 436 | (3,359) |
Service fees payable to Managing Owner | (39) | 2 | (302) |
Other liabilities | (1,289) | (2,108) | 728 |
Net cash provided by (used in) operating activities | 673,537 | 374,548 | 1,296,764 |
Cash Flows from Financing Activities: | |||
Proceeds from sale of units | 6,000 | ||
Payment for redemption of units | (643,844) | (493,435) | (1,224,988) |
Change in owner redemptions payable | 21,822 | ||
Net cash provided by (used in) financing activities | (622,022) | (493,435) | (1,218,988) |
Net increase (decrease) in cash and cash equivalents | 51,515 | (118,887) | 77,776 |
Cash and cash equivalents, beginning of year | 46,604 | 165,491 | 87,715 |
Cash and cash equivalents, end of year | 98,119 | 46,604 | 165,491 |
The Series of Frontier Funds | Frontier Masters Fund | |||
Cash Flows from Operating Activities: | |||
Net increase/(decrease) in capital resulting from operations | (205,631) | 232,069 | 47,607 |
Change in: | |||
Net change in ownership allocation of U.S. Treasury securities | (69,188) | 26,239 | (135,864) |
Net unrealized (gain)/loss on U.S. Treasury securities | 798 | 89 | (227) |
Net realized (gain)/loss on U.S. Treasury securities | 2,274 | 3,779 | 3,365 |
Net unrealized (gain)/loss on private investment companies | 184,930 | (192,089) | (64,947) |
Net realized (gain)/loss on private investment companies | (16,030) | (89,888) | (24,753) |
(Purchases) sales of: | |||
Sales of swap contracts | |||
(Purchases) of swap contracts | |||
Sales of U.S. Treasury securities | 145,804 | 107,457 | 291,260 |
(Purchases) of U.S. Treasury securities | (66,899) | (141,762) | (153,851) |
U.S. Treasury interest and premium paid/amortized | 2,575 | 2,815 | 3,141 |
(Purchases) of Private Investment Companies | (252,645) | (472,671) | (1,535,116) |
Reduction of collateral in Swap contracts | |||
Sale of Private Investment Companies | 448,100 | 687,285 | 2,001,031 |
Increase and/or decrease in: | |||
Investments in unconsolidated trading companies, at fair value | 2,820 | 2,852 | (13,363) |
Interest receivable | 319 | (87) | 132 |
Receivable from related parties | 266 | ||
Redemptions receivable from private investment companies | 24,837 | ||
Interest payable to Managing Owner | |||
Trading fees payable to Managing Owner | (1,826) | 561 | (1,578) |
Service fees payable to Managing Owner | (26) | (27) | |
Other liabilities | (573) | (1,091) | 1,608 |
Net cash provided by (used in) operating activities | 174,802 | 165,558 | 443,521 |
Cash Flows from Financing Activities: | |||
Proceeds from sale of units | 1,000 | ||
Payment for redemption of units | (150,527) | (243,623) | (334,461) |
Change in owner redemptions payable | (17,321) | 19,922 | (38,128) |
Net cash provided by (used in) financing activities | (167,848) | (223,701) | (371,589) |
Net increase (decrease) in cash and cash equivalents | 6,954 | (58,143) | 71,932 |
Cash and cash equivalents, beginning of year | 18,560 | 76,703 | 4,771 |
Cash and cash equivalents, end of year | 25,514 | 18,560 | 76,703 |
The Series of Frontier Funds | Frontier Long/Short Commodity Fund | |||
Cash Flows from Operating Activities: | |||
Net increase/(decrease) in capital resulting from operations | (415,424) | 268,411 | 74,272 |
Change in: | |||
Net change in ownership allocation of U.S. Treasury securities | (77,331) | (43,649) | (139,882) |
Net unrealized (gain)/loss on U.S. Treasury securities | 4,078 | 653 | (1,187) |
Net realized (gain)/loss on U.S. Treasury securities | 3,178 | 5,686 | 5,738 |
Net unrealized (gain)/loss on private investment companies | 391,844 | (243,664) | (53,498) |
Net realized (gain)/loss on private investment companies | 3,650 | (56,892) | (47,148) |
(Purchases) sales of: | |||
Sales of swap contracts | 594,898 | ||
(Purchases) of swap contracts | (115,000) | ||
Sales of U.S. Treasury securities | 183,546 | 181,323 | 763,556 |
(Purchases) of U.S. Treasury securities | (84,973) | (174,336) | (185,359) |
U.S. Treasury interest and premium paid/amortized | 3,665 | 3,427 | 3,722 |
(Purchases) of Private Investment Companies | (230,845) | (173,106) | (703,517) |
Reduction of collateral in Swap contracts | (479,898) | ||
Sale of Private Investment Companies | 441,765 | 400,702 | 333,194 |
Increase and/or decrease in: | |||
Investments in unconsolidated trading companies, at fair value | 6,629 | (16,269) | 10,195 |
Interest receivable | 672 | (697) | 8,904 |
Receivable from related parties | 5,205 | ||
Redemptions receivable from private investment companies | 1,251 | ||
Interest payable to Managing Owner | (13) | 21 | (55) |
Trading fees payable to Managing Owner | (1,551) | 40 | 1,126 |
Service fees payable to Managing Owner | (13) | 2 | 1 |
Other liabilities | (1,206) | 496 | (2,367) |
Net cash provided by (used in) operating activities | 227,671 | 152,148 | 74,151 |
Cash Flows from Financing Activities: | |||
Proceeds from sale of units | |||
Payment for redemption of units | (203,080) | (146,462) | (147,249) |
Change in owner redemptions payable | (12,303) | (7,511) | 20,299 |
Net cash provided by (used in) financing activities | (215,383) | (153,973) | (126,950) |
Net increase (decrease) in cash and cash equivalents | 12,288 | (1,825) | (52,799) |
Cash and cash equivalents, beginning of year | 38,703 | 40,528 | 93,327 |
Cash and cash equivalents, end of year | 50,991 | 38,703 | 40,528 |
The Series of Frontier Funds | Frontier Balanced Fund | |||
Cash Flows from Operating Activities: | |||
Net increase/(decrease) in capital resulting from operations | (3,176,030) | 2,174,208 | 563,981 |
Change in: | |||
Net change in open trade equity, at fair value | 16,104 | 13,166 | 85,604 |
Net change in ownership allocation of U.S. Treasury securities | (61,069) | (428,684) | 465,487 |
Net unrealized (gain)/loss on U.S. Treasury securities | 1,105 | (8,388) | (1,499) |
Net realized (gain)/loss on U.S. Treasury securities | 12,643 | 27,240 | 11,502 |
Net unrealized (gain)/loss on private investment companies | 2,487,297 | (1,673,486) | (171,769) |
Net realized (gain)/loss on private investment companies | (176,701) | (666,011) | (542,771) |
(Purchases) sales of: | |||
Sales of U.S. Treasury securities | 742,878 | 853,454 | 1,827,896 |
(Purchases) of U.S. Treasury securities | (512,961) | (606,238) | (1,065,811) |
U.S. Treasury interest and premium paid/amortized | 4,784 | 265 | |
(Purchases) of Private Investment Companies | (1,398,714) | (2,530,199) | (4,841,423) |
Sale of Private Investment Companies | 3,601,646 | 4,854,163 | 7,155,734 |
Increase and/or decrease in: | |||
Receivable from futures commission merchants | (449,143) | 498,121 | (584,389) |
Investments in unconsolidated trading companies, at fair value | 58,403 | (101,192) | 14,778 |
Interest receivable | 4,082 | (4,176) | 24,656 |
Receivable from related parties | 14,602 | ||
Redemptions receivable from private investment companies | 55,473 | ||
Incentive fees payable to Managing Owner | (54,010) | 54,702 | |
Management fees payable to Managing Owner, net of change in receivable | 867 | 142 | (7,423) |
Interest payable to Managing Owner | (1,311) | 1,349 | (419) |
Trading fees payable to Managing Owner | (16,786) | 3,976 | (4,924) |
Service fees payable to Managing Owner | (7,991) | (1,530) | (3,067) |
Risk analysis fees payable | 865 | 62 | 867 |
Payables to related parties | |||
Subscriptions in advance for service fee rebates | 14,241 | 22,116 | 22,486 |
Other liabilities | (6,133) | 1,095 | (3,486) |
Net cash provided by (used in) operating activities | 1,138,076 | 2,375,178 | 3,071,052 |
Cash Flows from Financing Activities: | |||
Payment for redemption of units | (1,093,573) | (2,356,513) | (3,165,227) |
Change in owner redemptions payable | (35,051) | 14,669 | 20,382 |
Net cash provided by (used in) financing activities | (1,128,624) | (2,341,844) | (3,144,845) |
Net increase (decrease) in cash and cash equivalents | 9,452 | 33,334 | (73,793) |
Cash and cash equivalents, beginning of year | 221,344 | 188,010 | 261,803 |
Cash and cash equivalents, end of year | 230,796 | 221,344 | 188,010 |
The Series of Frontier Funds | Frontier Select Fund | |||
Cash Flows from Operating Activities: | |||
Net increase/(decrease) in capital resulting from operations | (509,201) | 195,761 | 149,809 |
Change in: | |||
Net change in open trade equity, at fair value | |||
Net change in ownership allocation of U.S. Treasury securities | (93,206) | 7,778 | (235,383) |
Net unrealized (gain)/loss on U.S. Treasury securities | 1,243 | 454 | (852) |
Net realized (gain)/loss on U.S. Treasury securities | 3,410 | 4,946 | 3,778 |
Net unrealized (gain)/loss on private investment companies | 514,228 | (345,213) | (3,095) |
Net realized (gain)/loss on private investment companies | (73,108) | 42,378 | (233,656) |
(Purchases) sales of: | |||
Sales of U.S. Treasury securities | 201,359 | 131,330 | 377,421 |
(Purchases) of U.S. Treasury securities | (87,946) | (164,272) | (155,247) |
U.S. Treasury interest and premium paid/amortized | |||
(Purchases) of Private Investment Companies | (195,823) | (854,667) | (2,007,482) |
Sale of Private Investment Companies | 516,372 | 1,081,959 | 2,508,522 |
Increase and/or decrease in: | |||
Receivable from futures commission merchants | |||
Investments in unconsolidated trading companies, at fair value | (10,520) | (10,900) | (9,514) |
Interest receivable | 386 | (526) | (222) |
Receivable from related parties | |||
Redemptions receivable from private investment companies | 67,876 | ||
Incentive fees payable to Managing Owner | |||
Management fees payable to Managing Owner, net of change in receivable | |||
Interest payable to Managing Owner | (34) | 146 | 17 |
Trading fees payable to Managing Owner | (2,149) | 772 | (251) |
Service fees payable to Managing Owner | (1,752) | 106 | (185) |
Risk analysis fees payable | |||
Payables to related parties | (26,129) | ||
Subscriptions in advance for service fee rebates | 512 | 970 | 1,613 |
Other liabilities | (817) | 46 | 1,186 |
Net cash provided by (used in) operating activities | 262,954 | 91,068 | 438,206 |
Cash Flows from Financing Activities: | |||
Payment for redemption of units | (204,330) | (109,025) | (387,066) |
Change in owner redemptions payable | |||
Net cash provided by (used in) financing activities | (204,330) | (109,025) | (387,066) |
Net increase (decrease) in cash and cash equivalents | 58,624 | (17,957) | 51,140 |
Cash and cash equivalents, beginning of year | 33,183 | 51,140 | |
Cash and cash equivalents, end of year | 91,807 | 33,183 | 51,140 |
The Series of Frontier Funds | Frontier Global Fund | |||
Cash Flows from Operating Activities: | |||
Net increase/(decrease) in capital resulting from operations | (555,804) | 1,410,562 | (9,735) |
Change in: | |||
Net change in ownership allocation of U.S. Treasury securities | 380,708 | 168,882 | (101,461) |
Net unrealized (gain)/loss on U.S. Treasury securities | (948) | 1,779 | 2,520 |
Net realized (gain)/loss on U.S. Treasury securities | (3,229) | 6,920 | 2,415 |
Net unrealized (gain)/loss on private investment companies | 992,864 | (962,203) | 97,778 |
Net realized (gain)/loss on private investment companies | (605,108) | (671,439) | (292,612) |
(Purchases) sales of: | |||
Sales of swap contracts | |||
(Purchases) of swap contracts | |||
Sales of U.S. Treasury securities | (238,642) | 134,003 | 375,978 |
(Purchases) of U.S. Treasury securities | (118,893) | (309,687) | (277,451) |
(Purchases) of Private Investment Companies | (456,537) | (741,782) | (1,088,812) |
Reduction of collateral in Swap contracts | |||
Sale of Private Investment Companies | 1,855,700 | 1,568,992 | 2,214,920 |
Increase and/or decrease in: | |||
Investments in unconsolidated trading companies, at fair value | (12,711) | 7,618 | (22,735) |
Interest receivable | 256 | (39) | (1) |
Receivable from related parties | 319 | ||
Interest payable to Managing Owner | 118 | (10) | (14) |
Trading fees payable to Managing Owner | (7,179) | 2,947 | (2,316) |
Service fees payable to Managing Owner | (3,733) | 1,451 | (1,362) |
Subscriptions in advance for service fee rebates | 2,182 | 3,575 | 4,139 |
Other liabilities | (590) | (1,996) | 2,768 |
Net cash provided by (used in) operating activities | 1,228,454 | 619,573 | 904,338 |
Cash Flows from Financing Activities: | |||
Payment for redemption of units | (1,168,983) | (693,700) | (809,572) |
Change in owner redemptions payable | (27,561) | 27,561 | |
Net cash provided by (used in) financing activities | (1,168,983) | (721,261) | (782,011) |
Net increase (decrease) in cash and cash equivalents | 59,471 | (101,688) | 122,327 |
Cash and cash equivalents, beginning of year | 26,333 | 128,021 | 5,694 |
Cash and cash equivalents, end of year | 85,804 | 26,333 | 128,021 |
The Series of Frontier Funds | Frontier Heritage Fund | |||
Cash Flows from Operating Activities: | |||
Net increase/(decrease) in capital resulting from operations | (848,793) | 1,143,723 | 195,466 |
Change in: | |||
Net change in ownership allocation of U.S. Treasury securities | (6,243) | 149,201 | (40,786) |
Net unrealized (gain)/loss on U.S. Treasury securities | (6,298) | 1,944 | 1,279 |
Net realized (gain)/loss on U.S. Treasury securities | 2,930 | 6,217 | 3,385 |
Net unrealized (gain)/loss on private investment companies | 951,657 | (906,091) | (197,905) |
Net realized (gain)/loss on private investment companies | (290,112) | (461,959) | (156,731) |
(Purchases) sales of: | |||
Sales of swap contracts | 1,491,966 | ||
(Purchases) of swap contracts | (978,809) | ||
Sales of U.S. Treasury securities | 165,494 | 114,081 | 337,555 |
(Purchases) of U.S. Treasury securities | (119,719) | (302,790) | (237,408) |
(Purchases) of Private Investment Companies | (619,012) | (531,551) | (820,627) |
Reduction of collateral in Swap contracts | (513,156) | ||
Sale of Private Investment Companies | 1,393,392 | 1,167,734 | 1,203,951 |
Increase and/or decrease in: | |||
Investments in unconsolidated trading companies, at fair value | (1,870) | (18,883) | (6,207) |
Interest receivable | 676 | (813) | 1,263 |
Receivable from related parties | 845 | ||
Interest payable to Managing Owner | (11) | 230 | 78 |
Trading fees payable to Managing Owner | (4,736) | 3,372 | 602 |
Service fees payable to Managing Owner | (2,948) | 1,482 | 156 |
Subscriptions in advance for service fee rebates | 6,738 | 9,853 | 6,609 |
Other liabilities | (1,286) | 551 | 596 |
Net cash provided by (used in) operating activities | 619,859 | 376,301 | 292,122 |
Cash Flows from Financing Activities: | |||
Payment for redemption of units | (576,764) | (379,674) | (258,439) |
Net cash provided by (used in) financing activities | (576,764) | (379,674) | (258,439) |
Net increase (decrease) in cash and cash equivalents | 43,095 | (3,373) | 33,683 |
Cash and cash equivalents, beginning of year | 45,466 | 48,839 | 15,156 |
Cash and cash equivalents, end of year | $ 88,561 | $ 45,466 | $ 48,839 |
Organization and Purpose
Organization and Purpose | 12 Months Ended |
Dec. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Organization and Purpose [Line Items] | |
Organization and Purpose | 1. Organization and Purpose Frontier Funds, which is referred to in this report as the “Trust”, was formed on August 8, 2003, as a Delaware statutory trust. Please refer to the combined consolidated financial statements of the Trust included within this periodic report. The Trust is a multi-advisor commodity pool, as described in Commodity Futures Trading Commission (the “CFTC”) Regulation § 4.10(d)(2). The Trust has authority to issue separate series, or each, a Series, of units of beneficial interest (the “Units”) pursuant to the requirements of the Delaware Statutory Trust Act, as amended (the “Trust Act”). The assets of each Series are valued and accounted for separately from the assets of other Series. The Trust is not registered as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). It is managed by Frontier Fund Management LLC (the “Managing Owner”). Purchasers of Units are limited owners of the Trust (“Limited Owners”) with respect to beneficial interests of the Series’ Units purchased. The Trust Act provides that, except as otherwise provided in the second amended and restated declaration of trust and trust agreement dated December 9, 2013, as further amended, by and among the Managing Owner, Wilmington Trust Company as trustee and the unitholders, as may be amended from time to time (“Trust Agreement”), unitholders of the Trust will have the same limitation of liability as do stockholders of private corporations organized under the General Corporation Law of the State of Delaware. The Trust Agreement confers substantially the same limited liability, and contains the same limited exceptions thereto, as would a limited partnership agreement for a Delaware limited partnership engaged in like transactions as the Trust. In addition, pursuant to the Trust Agreement, the Managing Owner of the Trust is liable for obligations of a Series in excess of that Series’ assets. Limited Owners do not have any such liability. The Managing Owner will make contributions to the Series of the Trust necessary to maintain at least a 1% interest in the aggregate capital, profits and losses of the combined Series of the Trust. The Trust has been organized to pool investor funds for the purpose of trading in the United States (“U.S.”) and international markets for currencies, interest rates, stock indices, agricultural and energy products, precious and base metals and other commodities. The Trust may also engage in futures contracts, forwards, option contracts and other interest in derivative instruments, including swap contracts. The Trust has seven (7) separate and distinct Series of Units issued and outstanding: Frontier Diversified Fund, Frontier Masters Fund, Frontier Long/Short Commodity Fund, Frontier Balanced Fund, Frontier Select Fund, Frontier Global Fund, and Frontier Heritage Fund, (each a “Series” and collectively, the “Series”). The Trust, with respect to the Series, may issue additional Series of Units. The Trust, with respect to each Series: ● engages in the speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts), and may, from time to time, engage in cash and spot transactions; ● allocates funds to a limited liability trading company or companies (“Trading Company” or “Trading Companies”) or to an unaffiliated series limited liability company (“Galaxy Plus entities” or “Galaxy Plus entity”). Except as otherwise described in these notes, each Trading Company and Galaxy Plus entity has one-year renewable contracts with its own independent commodity trading advisor(s), or each, a Trading Advisor, that will manage all or a portion of such Trading Company’s and Galaxy Plus assets and make the trading decisions for the assets of each Series invested in such Trading Company and Galaxy Plus entity. Each Trading Company and Galaxy Plus entity will segregate its assets from any other Trading Company and Galaxy Plus entity; ● maintains separate, distinct records for each Series, and accounts for the assets of each Series separately from the other Series; ● calculates the Net Asset Value (“NAV”) of its Units for each Series separately from the other Series; ● has an investment objective of increasing the value of each Series’ Units over the long term (capital appreciation), while managing risk and volatility; further, to offer exposure to the investment programs of individual Trading Advisors and to specific instruments; ● maintains each Series of Units in three to seven sub-classes—Class 1, Class 1AP, Class 1a, Class 2, Class 2a, Class 3, and Class 3a. Investors who have purchased Class 1 or Class 1a Units of Frontier Diversified Fund, Frontier Masters Fund, and Frontier Long/Short Commodity Fund are charged a service fee of up to two percent (2.0%) annually of the NAV (of the purchase price, in case of the initial service fee) of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to two percent (2.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 or Class 1a Units of any Series during the first twelve (12) months following the effective date of their purchase are subject to a redemption fee of up to two percent (2.0%) of the purchase price at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. Investors who have purchased Class 1 or Class 1a Units of Frontier Balanced Fund, Frontier Heritage Fund, Frontier Select Fund, and Frontier Global Fund are charged a service fee of up to three percent (3.0%) annually of the NAV (of the purchase price, in case of the initial service fee) of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to selling agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Frontier Diversified Fund, and Frontier Masters Fund or Class 2a Units of the Frontier Long/Short Commodity Fund sold) until such Class 2 or Class 2a Units which are subject to the fee limitation are reclassified as Class 3 or Class 3a Units of the applicable Series. Class 1AP was created as a sub-class of Class 1 and it has been presented separately because the fees applicable to it are different from those applicable to Class 1. Currently the service fee is not charged to Class 1AP investors. The Managing Owner may also pay selling agents certain additional fees and expenses for administrative and other services rendered and expenses incurred by such Selling agents; and ● all payments made to selling agents who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and their associated persons that constitute underwriting compensation will be subject to the limitations set forth in Rule 2310(b)(4)(B)(ii) (formerly Rule 2810(b)(4)(B)(ii)) of the Conduct Rules of FINRA (“Rule 2310”). An investor’s Class 1 Units or Class 2 Units of any Series, or Class 2a Units of the Frontier Long/Short Commodity Fund or Frontier Balanced Fund will be classified as Class 3 or Class 3a Units of such Series, as applicable, when the Managing Owner determines that the fee limitation set forth in Rule 2310 with respect to such Units has been reached or will be reached. The service fee limit applicable to each unit sold is reached upon the earlier of when (i) the aggregate initial and ongoing service fees received by the selling agent with respect to such unit equals 9% of the purchase price of such unit or (ii) the aggregate underwriting compensation (determined in accordance with FINRA Rule 2310) paid in respect of such unit totals 10% of the purchase price of such unit. No service fees are paid with respect to Class 3 or Class 3a Units. Units of any Class in a Series may be redeemed, in whole or in part, on a daily basis, at the then current NAV per Unit for such Series on the day of the week after the date the Managing Owner is in receipt of a redemption request for at least one (1) business day to be received by the Managing Owner prior to 4:00 PM in New York. The assets of any particular Series include only those funds and other assets that are paid to, held by or distributed to the Trust, with respect to the Series, on account of and for the benefit of that Series. Under the “Inter-Series Limitation on Liability” expressly provided for under Section 3804(a) of the Trust Act, separate and distinct records of the cash and equivalents, although pooled for maximizing returns, are maintained in the books and records of each Series. As of December 31, 2023, the Trust, with respect to the Frontier Diversified Fund and Frontier Masters Fund, separates Units into two separate Classes—Class 2, and Class 3. The Trust, with respect to the Frontier Select Fund and Frontier Heritage Fund separates Units into three separate Classes—Class 1, Class 2 and Class 1AP. The Trust, with respect to the Frontier Global Fund, separates Units into two separate Classes—Class 1 and Class 2. The Trust, with respect to the Frontier Balanced Fund, separates Units into five separate Classes—Class 1, Class 1AP, Class 2, Class 2a and Class 3a. The Trust, with respect to the Frontier Long/Short Commodity Fund, separates Units into four separate Classes—Class 2, Class 2a, Class 3 and Class 3a. Between April 15, 2016 and May 10, 2017, a portion of the interests in Frontier Trading Company I, LLC and all of the interests in Frontier Trading Company VII, LLC, Frontier Trading Company XV, LLC, and Frontier Trading Company XXIII LLC held by Frontier Diversified Fund, Frontier Masters Fund, Frontier Select Fund, Frontier Balanced Fund and Frontier Long/Short Commodity Fund were exchanged for equivalent interests in the Galaxy Plus Managed Account Platform (“Galaxy Plus”) which is an unaffiliated, third-party managed account platform. The assets of Frontier Trading Company I, LLC, which included exposure to Quantmetrics Capital Management LLP’s Multi-Strategy Program, Quantitative Investment Management, LLC’s Quantitative Global Program, Quest Partners LLC’s Quest Tracker Index Program, Chesapeake Capital Management, LLC’s Diversified Program, and Doherty Advisors LLC’s Relative Value Moderate Program, the assets of Frontier Trading Company VII, LLC, which included exposure to Emil van Essen LLC’s Multi-Strategy Program, Red Oak Commodity Advisors, Inc.’s Fundamental Diversified Program, Rosetta Capital Management, LLC’s Rosetta Trading Program, and Landmark Trading Company’s Landmark Program, the assets of Frontier Trading Company XV, LLC, which included exposure to Transtrend B.V.’s TT Enhanced Risk (USD) Program, and the assets of Frontier Trading Company XXIII, LLC which included exposure to Fort L.P.’s Global Contrarian Program have been transferred to individual Delaware limited liability companies (“Master Funds”) in Galaxy Plus. Each Master Fund is sponsored and operated by 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 75-95% of those Series assets are used to support the margin requirements of the Master Funds. The remaining assets of the Series are split between investments in Trading Companies and a pooled cash management account that invests primarily in U.S. Treasury securities. All the funds are invested in Galaxy Plus entities. Each of the Series has invested a portion of its assets in several different Trading Companies or Galaxy Plus entities and one or more Trading Advisors may manage the assets invested in such Trading Companies or Galaxy Plus entities. The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, currency trading companies, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence, bad faith or willful misconduct. |
Frontier Funds [Member] | |
Organization and Purpose [Line Items] | |
Organization and Purpose | 1. Organization and Purpose Frontier Funds, which is referred to in this report as the “Trust”, was formed on August 8, 2003, as a Delaware statutory trust and is set to expire on December 31, 2053. The Trust is a multi-advisor commodity pool, as described in CFTC Regulation § 4.10(d)(2). The Trust has authority to issue separate Series of Units pursuant to the requirements of the Trust Act. The assets of each Series are valued and accounted for separately from the assets of other Series. The Trust is not registered as an investment company under the Investment Company Act. It is managed by the Managing Owner. Purchasers of Units are Limited Owners of the Trust with respect to beneficial interests of the Series’ Units purchased. The Trust Act provides that, except as otherwise provided in the second amended and restated declaration of trust and trust agreement dated December 9, 2013, as further amended, by and among the Managing Owner, Wilmington Trust Company as trustee and the unitholders, as amended from time to time (the “Trust Agreement”), unitholders of the Trust will have the same limitation of liability as do stockholders of private corporations organized under the General Corporation Law of the State of Delaware. The Trust Agreement confers substantially the same limited liability, and contains the same limited exceptions thereto, as would a limited partnership agreement for a Delaware limited partnership engaged in like transactions as the Trust. In addition, pursuant to the Trust Agreement, the Managing Owner of the Trust is liable for obligations of a Series in excess of that Series’ assets. Limited Owners do not have any such liability. The Managing Owner will make contributions to the Series of the Trust necessary to maintain at least a 1% interest in the aggregate capital, profits and losses of all Series. The Trust has been organized to pool investor funds for the purpose of trading in the U.S. and international markets for currencies, interest rates, stock indices, agricultural and energy products, precious and base metals and other commodities. The Trust may also engage in futures contracts, forwards, option contracts and other interest in derivative instruments, including swap contracts. The Trust has seven (7) separate and distinct Series of Units issued and outstanding: Frontier Diversified Fund, Frontier Masters Fund, Frontier Long/Short Commodity Fund, Frontier Balanced Fund, Frontier Select Fund, Frontier Global Fund, and Frontier Heritage Fund. The Trust’s combined consolidated financial statements are comprised of each unitized Series’ consolidated financial statements being combined to present all Series in aggregate. However, the combined consolidated Trust does not issue units. The Trust, with respect to each Series: ● engages in the speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts), and may, from time to time, engage in cash and spot transactions. ● allocates funds to a limited liability trading company or companies (“Trading Company” or “Trading Companies”) or to an unaffiliated series limited liability company (“Galaxy Plus entities” or “Galaxy Plus entity”). Except as otherwise described in these notes, each Trading Company and Galaxy Plus entity has one-year renewable contracts with its own independent commodity trading advisor(s), or each, a Trading Advisor, that will manage all or a portion of such Trading Company’s and Galaxy Plus assets and make the trading decisions for the assets of each Series invested in such Trading Company and Galaxy Plus entity. Each Trading Company and Galaxy Plus entity will segregate its assets from any other Trading Company and Galaxy Plus entity. ● maintains separate, distinct records for each Series, and accounts for the assets of each Series separately from the other Series. ● calculates the Net Asset Value (“NAV”) of its Units for each Series separately from the other Series. ● has an investment objective of increasing the value of each Series’ Units over the long term (capital appreciation), while managing risk and volatility; further, to offer exposure to the investment programs of individual Trading Advisors and to specific instruments. ● maintains each Series of Units in three to seven sub-classes—Class 1, Class 1AP, Class 1a, Class 2, Class 2a, Class 3, and Class 3a. Investors who have purchased Class 1 or Class 1a Units of Frontier Diversified Fund, Frontier Masters Fund, and Frontier Long/Short Commodity Fund are charged a service fee of up to two percent (2.0%) annually of the NAV (of the purchase price, in case of the initial service fee) of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to two percent (2.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 or Class 1a Units of any Series during the first twelve(12) months following the effective date of their purchase are subject to a redemption fee of up to two percent (2.0%) of the purchase price at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. Investors who have purchased Class 1 or Class 1a Units of Frontier Balanced Fund, Frontier Heritage Fund, Frontier Select Fund, and Frontier Global Fund are charged a service fee of up to three percent (3.0%) annually of the NAV (of the purchase price, in case of the initial service fee) of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to selling agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Frontier Diversified Fund, and Frontier Masters Fund or Class 2a Units of the Frontier Long/Short Commodity Fund sold) until such Class 2 or Class 2a Units which are subject to the fee limitation are reclassified as Class 3 or Class 3a Units of the applicable Series. Class 1AP was created as a sub-class of Class 1 and it has been presented separately because the fees applicable to it are different from those applicable to Class 1. Currently the service fee is not charged to Class 1AP investors. The Managing Owner may also pay selling agents certain additional fees and expenses for administrative and other services rendered and expenses incurred by such selling agents; and ● all payments made to selling agents who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and their associated persons that constitute underwriting compensation will be subject to the limitations set forth in Rule 2310(b)(4)(B)(ii) (formerly Rule 2810(b)(4)(B)(ii)) of the Conduct Rules of FINRA (“Rule 2310”). An investor’s Class 1 Units or Class 2 Units of any Series, or Class 1a Units or Class 2a Units of the Frontier Long/Short Commodity Fund or Frontier Balanced Fund will be classified as Class 3 or Class 3a Units of such Series, as applicable, when the Managing Owner determines that the fee limitation set forth in Rule 2310 with respect to such Units has been reached or will be reached. The service fee limit applicable to each unit sold is reached upon the earlier of when (i) the aggregate initial and ongoing service fees received by the selling agent with respect to such unit equals 9% of the purchase price of such unit or (ii) the aggregate underwriting compensation (determined in accordance with FINRA Rule 2310) paid in respect of such unit totals 10% of the purchase price of such unit. No service fees are paid with respect to Class 3 or Class 3a Units. Units of any Class in a Series may be redeemed, in whole or in part, on a daily basis, at the then current NAV per Unit for such Series on the day of the week after the date the Managing Owner is in receipt of a redemption request for at least one (1) business day to be received by the Managing Owner prior to 4:00 PM in New York. The assets of any particular Series include only those funds and other assets that are paid to, held by or distributed to the Trust on account of and for the benefit of that Series. Under the “Inter-Series Limitation on Liability” expressly provided for under Section 3804(a) of the Trust Act, separate and distinct records of the cash and equivalents, although pooled for maximizing returns, are maintained in the books and records of each Series. As of December 31, 2023, the Trust, with respect to the Frontier Diversified Fund and Frontier Masters Fund, separates Units into two separate Classes—Class 2, and Class 3. The Trust, with respect to the Frontier Select Fund and Frontier Heritage Fund separates Units into three separate Classes—Class 1, Class 2 and Class 1AP. The Trust, with respect to the Frontier Global Fund, separates Units into two separate Classes—Class 1 and Class 2. The Trust, with respect to the Frontier Balanced Fund, separates Units into five separate Classes—Class 1, Class 1AP, Class 2, Class 2a and Class 3a. The Trust, with respect to the Frontier Long/Short Commodity Fund, separates Units into four separate Classes—Class 2, Class 2a, Class 3 and Class 3a. Between April 15, 2016 and May 10, 2017, a portion of the interests in Frontier Trading Company I, LLC and all of the interests in Frontier Trading Company VII, LLC, Frontier Trading Company XV, LLC, and Frontier Trading Company XXIII LLC held by Frontier Diversified Fund, Frontier Masters Fund, Frontier Select Fund, Frontier Balanced Fund and Frontier Long/Short Commodity Fund were exchanged for equivalent interests in the Galaxy Plus Managed Account Platform (“Galaxy Plus Platform”) which is an unaffiliated, third-party managed account platform. The assets of Frontier Trading Company I, LLC, which included exposure to Quantmetrics Capital Management LLP’s Multi-Strategy Program, Quantitative Investment Management, LLC’s Quantitative Global Program, Quest Partners LLC’s Quest Tracker Index Program, Chesapeake Capital Management, LLC’s Diversified Program, and Doherty Advisors LLC’s Relative Value Moderate Program, the assets of Frontier Trading Company VII, LLC, which included exposure to Emil van Essen LLC’s Multi-Strategy Program, Red Oak Commodity Advisors, Inc.’s Fundamental Diversified Program, Rosetta Capital Management, LLC’s Rosetta Trading Program, and Landmark Trading Company’s Landmark Program, the assets of Frontier Trading Company XV, LLC, which included exposure to Transtrend B.V.’s TT Enhanced Risk (USD) Program, and the assets of Frontier Trading Company XXIII, LLC which included exposure to Fort L.P.’s Global Contrarian Program have been transferred to individual Delaware limited liability companies (“Master Funds”) in the Galaxy Plus Platform. Each Master Fund is sponsored and operated by New Hyde Park. New Hyde Park has contracted with the Trading Advisors to manage the portfolios of the Master Funds pursuant to the advisors’ respective program. For those Series that invest in the Galaxy Plus Platform, 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 the Galaxy Plus Platform, their assets are split between investments in Trading Companies and investments in the pooled cash management account. Each of the Series has invested a portion of its assets in several different Trading Companies or Galaxy Plus entities and one or more Trading Advisors may manage the assets invested in such Trading Companies or Galaxy Plus entities. The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, currency trading companies, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence, bad faith or willful misconduct. |
Significant Accounting Policies
Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Significant Accounting Policies [Line Items] | |
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 the Galaxy Plus Platform. Subscriptions and redemptions by these non-affiliated investors will have a direct impact on the Series ownership percentage in the Galaxy Plus Platform. 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 December 31, 2023, and 2022, the consolidated statements of financial condition of Frontier Balanced Fund included the assets and liabilities of its wholly owned interests in Frontier Trading Company I, LLC. For the year ended December 31, 2023, 2022 and 2021 the consolidated statements of operations of Frontier Balanced Fund included the earnings of its wholly owned interest in Frontier Trading Company I, LLC. For the year ended December 31, 2022 and 2021 the consolidated statements of operations of Frontier Select Fund included the earnings of its majority owned 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 Consolidated Statements of Financial Condition. Use of Estimates— Cash and Cash Equivalents— Interest Income— U.S. Treasury Securities— Receivable from Futures Commission Merchants Investment Transactions— Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest is recognized in the period earned and the instruments are marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the consolidated statements of operations. Purchase and Sales of Private Investment Companies Foreign Currency Transactions— Allocation of Earnings— Each Series allocates funds to an affiliated Trading Company, or Trading 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 The 2020 through 2023 tax years generally remain subject to examination by U.S. federal and most state tax authorities. In the opinion of the Managing Owner, (i) the Trust, with respect to the Series, is treated as a partnership for federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, (ii) the Trust is not a publicly traded partnership treated as a corporation, and (iii) the discussion set forth in the Prospectus under the heading “U.S. Federal Income Tax Consequences” correctly summarizes the material federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Units of the Trust. Fees and Expenses Incentive Fee (rebate) Service Fees Each Series is charged service fees as outlined above. In some cases, amounts paid to selling agents might be less than the amount charged to the Series. When this occurs, the service fee is rebated back to the investor in the form of additional units. During 2023, 2022 and 2021, the Series were not allowed to issue additional units. The Managing Owner has determined that the purchase of additional units of the relevant Series will commence in 2024 when the Series are allowed to sell shares again. As such, the Managing Owner has calculated the amounts for additional units of the relevant series which will be purchased and classified such amounts as Subscriptions in advance for service fee rebates of $22,650, $393, $31,725, $405,698, $22,558, $164,567 and $86,405 for the Frontier Diversified, Long/Short Commodity, Masters, Balanced, Select, Global and Heritage Funds, respectively, as of December 31, 2023. These service fees are part of the offering costs of the Trust, with respect to the Series, which include registration and filing fees, legal and blue sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and enjoys the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. Pending Owner Additions— Owner redemptions payable— Subsequent Events—Each Series follows the provisions of ASC 855, Subsequent Events, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date and up through the date the consolidated financial statements are issued. Refer to Note 11. |
Frontier Funds [Member] | |
Significant Accounting Policies [Line Items] | |
Significant Accounting Policies | 2. Significant Accounting Policies The following are the significant accounting policies of the Trust. Basis of Presentation Combination of consolidated series The income or loss attributable thereto in proportion to the investment level of the private investment companies is shown in the combined consolidated statements of operations as net unrealized gain/(loss) on private investment companies. The consolidated financial statements of the Series and Trading Companies are combined to form the combined consolidated financial statements of the Trust. All intercompany transactions have been eliminated in combination. Galaxy Plus entities are co-mingled investment vehicles. In addition to the Trust, there are other non-affiliated investors in the Galaxy Plus Platform. Subscriptions and redemptions by these non-affiliated investors will have a direct impact on the Trust ownership percentage in the Galaxy Plus Platform. It is expected that ownership percentage will fluctuate (sometimes significantly) on a week-by-week basis which could also result in frequent changes in the consolidating Series. Such fluctuations make consolidating the financial statements of the Galaxy Plus entities both impractical and misleading. Non-consolidation of these Galaxy Plus entities presents a more useful financial statement for the readers. As such, management has decided that presenting Galaxy Plus entities on a non-consolidated basis as investments in other investments companies (a “fund of funds” approach) is appropriate and preferable to the users of these financial statements. Refer to Note 5 for additional disclosures related to these private investment companies. Use of Estimates— Cash and Cash Equivalents— Interest Income— U.S. Treasury Securities— Receivable from Futures Commission Merchants Investment Transactions— Any change in net unrealized gain or loss from the preceding period is reported in the combined consolidated statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest was recognized in the period earned and the instruments were marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the combined consolidated statements of operations. Purchase and Sales of Private Investment Companies Foreign Currency Transactions— Allocation of Earnings Each Series allocates funds to an affiliated Trading Company, or Trading 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 The 2020 through 2023 tax years generally remain subject to examination by U.S. federal and most state tax authorities. In the opinion of the Managing Owner, (i) the Trust is treated as a partnership for Federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, (ii) the Trust is not a publicly traded partnership treated as a corporation, and (iii) the discussion set forth in the Prospectus under the heading “U.S. Federal Income Tax Consequences” correctly summarizes the material Federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Series Units of the Trust. Fees and Expenses— Incentive Fee (rebate)— Service Fees Each Series is charged service fees as outlined above. In some cases, amounts paid to selling agents might be less than the amount charged to the Series. When this occurs, the service fee is rebated back to the investor in the form of additional units. During 2023, 2022 and 2021, the Series were not allowed to issue additional units. The Managing Owner has determined that the purchase of additional units of the relevant Series will commence in 2021 when the Series are allowed to sell shares again. As such, the Managing Owner has calculated the amounts for additional units of the relevant series which will be purchased and classified such amounts as Subscriptions in advance for service fee rebates of $733,996 and $710,323 as of December 31, 2023 and December 31, 2022, respectiv 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 |
Fair Value Measurements
Fair Value Measurements | 12 Months Ended |
Dec. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Fair Value Measurements [Line Items] | |
Fair Value Measurements | 3. Fair Value Measurements In connection with the valuation of investments the Series apply ASC 820. ASC 820 provides clarification that when a quoted price in an active market for the identical asset or liability is not available, a reporting entity is required to measure fair value using certain techniques. ASC 820 also clarifies that when estimating the fair value of an asset or liability, a reporting entity is not required to include a separate input or adjustment to other inputs relating to the existence of a restriction that prevents the transfer of an asset or liability. ASC 820 also clarifies that both a quoted price in an active market for the identical asset or liability at the measurement date and the quoted price for the identical asset or liability when traded as an asset in an active market when no adjustments to the quoted price of the asset are required are Level 1 fair value measurements. Level 1 Inputs Unadjusted quoted prices in active markets for identical financial assets that the reporting entity has the ability to access at the measurement date. Level 2 Inputs Inputs other than quoted prices included in Level 1 that are observable for the financial assets or liabilities, either directly or indirectly. These might include quoted prices for similar financial assets in active markets, quoted prices for identical or similar financial assets in markets that are not active, inputs other than quoted prices that are observable for the financial assets or inputs that are derived principally from or corroborated by market data by correlation or other means. Level 3 Inputs Unobservable inputs for determining the fair value of financial assets that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the financial asset. The Trust, with respect to the Series, uses the following methodologies to value instruments within its financial asset portfolio at fair value: Trading Securities. Swap Contracts. Swap contracts are reported at fair value upon daily reports from the counterparty. In addition, a third party takes the inputs from the counterparty, makes certain adjustments, and runs it through their pricing model to come up with their daily price. The fair value measurements of the swap contracts are valued using unadjusted inputs that were not internally developed. The Managing Owner reviews and compares approves current day pricing of the CTA positions, as received from the counterparty which includes intra-day volatility and volume and daily index performance, as well as from the third party. Differences in prices exceeding 5% are investigated. Unexplainable differences are escalated to the Managing Owner’s Valuation Committee for evaluation and resolution. Swap contracts are reported at fair value using Level 3 inputs. Investments in Private Investment Companies. Investment in Unconsolidated Trading Companies. The following table summarizes investment in each Series measured at fair value on a recurring basis as of December 31, 2023 and December 31, 2022 segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value. December 31, 2023 Practical Expedient Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 33,061 $ - $ - $ - $ 33,061 U.S. Treasury Securities - 5,543 - - 5,543 Frontier Masters Fund Investment in Unconsolidated Trading Companies 8,598 - - - 8,598 U.S. Treasury Securities - 1,441 - - 1,441 Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 17,181 - - - 17,181 U.S. Treasury Securities - 2,881 - - 2,881 Frontier Balanced Fund Investment in Unconsolidated Trading Companies 77,766 - - - 77,766 Open Trade Equity (Deficit) - (14,434 ) - - (14,434 ) U.S. Treasury Securities - 13,038 - - 13,038 Frontier Select Fund Investment in Unconsolidated Trading Companies 30,934 - - - 30,934 U.S. Treasury Securities - 5,186 - - 5,186 Frontier Global Fund Investment in Unconsolidated Trading Companies 28,911 - - - 28,911 U.S. Treasury Securities - 4,847 - - 4,847 Frontier Heritage Fund Investment in Unconsolidated Trading Companies 29,840 - - - 29,840 U.S. Treasury Securities - 5,003 - - 5,003 December 31, 2022 Practical Expedient Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 28,671 $ - $ - $ - $ 28,671 U.S. Treasury Securities - 42,198 - - 42,198 Frontier Masters Fund Investment in Unconsolidated Trading Companies 11,418 - - - 11,418 U.S. Treasury Securities - 16,805 - - 16,805 Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 23,810 - - - 23,810 U.S. Treasury Securities - 35,044 - - 35,044 Frontier Balanced Fund Investment in Unconsolidated Trading Companies 136,139 - - - 136,139 Open Trade Equity (Deficit) - 1,670 - - 1,670 U.S. Treasury Securities - 200,417 - - 200,417 Frontier Select Fund Investment in Unconsolidated Trading Companies 20,414 - - - 20,414 U.S. Treasury Securities - 30,046 - - 30,046 Frontier Global Fund Investment in Unconsolidated Trading Companies 16,200 - - - 16,200 U.S. Treasury Securities - 23,843 - - 23,843 Frontier Heritage Fund Investment in Unconsolidated Trading Companies 27,970 - - - 27,970 U.S. Treasury Securities - 41,167 - - 41,167 |
Frontier Funds [Member] | |
Fair Value Measurements [Line Items] | |
Fair Value Measurements | 3. Fair Value Measurements In connection with the valuation of investments the Trust applies ASC 820, Fair Value Measurement (“ASC 820”). ASC 820 provides clarification that when a quoted price in an active market for the identical asset or liability is not available, a reporting entity is required to measure fair value using certain techniques. ASC 820 also clarifies that when estimating the fair value of an asset or liability, a reporting entity is not required to include a separate input or adjustment to other inputs relating to the existence of a restriction that prevents the transfer of an asset or liability. ASC 820 also clarifies that both a quoted price in an active market for the identical asset or liability at the measurement date and the quoted price for the identical asset or liability when traded as an asset in an active market when no adjustments to the quoted price of the asset are required are Level 1 fair value measurements. Level 1 Inputs Unadjusted quoted prices in active markets for identical financial assets that the reporting entity has the ability to access at the measurement date. Level 2 Inputs Inputs other than quoted prices included in Level 1 that are observable for the financial assets or liabilities, either directly or indirectly. These might include quoted prices for similar financial assets in active markets, quoted prices for identical or similar financial assets in markets that are not active, inputs other than quoted prices that are observable for the financial assets or inputs that are derived principally from or corroborated by market data by correlation or other means. Level 3 Inputs Unobservable inputs for determining the fair value of financial assets that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the financial asset. The Trust uses the following methodologies to value instruments within its financial asset portfolio at fair value: Trading Securities. Swap Contracts. Swap contracts are reported at fair value upon daily reports from the counterparty. In addition, a third party takes the inputs from the counterparty, makes certain adjustments, and runs it through their pricing model to come up with their daily price. The fair value measurements of the swap contracts are valued using unadjusted inputs that were not internally developed. The Managing Owner reviews, compares and approves current day pricing of the CTA positions, as received from the counterparty which includes intra-day volatility and volume and daily index performance, as well as from the third party. Differences in prices exceeding 5% are investigated. Unexplainable differences are escalated to the Managing Owner’s Valuation Committee for evaluation and resolution. The swap contracts are reported at fair value using Level 3 inputs. All swap investments were liquidated in 2020. Investments in Private Investment Companies . The following table summarizes the instruments that comprise the Trust’s financial asset portfolio, in aggregate, measured at fair value on a recurring basis as of December 31, 2023 and 2022, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: December 31, 2023 Level 1 Inputs Level 2 Inputs Level 3 Inputs Fair Value Open Trade Equity (Deficit) $ (14,434 ) $ - $ - $ (14,434 ) U.S. Treasury Securities 37,939 - - 37,939 December 31, 2022 Level 1 Inputs Level 2 Inputs Level 3 Inputs Fair Value Open Trade Equity (Deficit) $ 1,670 $ - $ - $ 1,670 U.S. Treasury Securities 389,520 - - 389,520 |
Swap Contracts
Swap Contracts | 12 Months Ended |
Dec. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Swap Contracts [Line Items] | |
Swap Contracts | 4. Swap Contracts In addition to authorizing Trading Advisors to manage pre-determined investment levels of futures, option on futures and forward contracts, certain Series of the Trust will strategically invest a portion or all of their assets in total return swaps, selected at the direction of the Managing Owner. Total return swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more investment products or indices. In a typical total return swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a “basket” of securities. Each Series’ investment in swaps will likely differ substantially over time due to cash flows, portfolio management decisions and market movements. The swaps serve to diversify the investment holdings of each Series and to provide access to programs and advisors that would not be otherwise available to the Series, and are not used for hedging purposes. The Managing Owner follows a procedure in selecting well-established financial institutions which the Managing Owner, in its sole discretion, considers to be reputable, reliable, financially responsible and well established to act as swap counterparties. The procedure includes due diligence review of documentation on all new and existing financial institution counterparties prior to initiation of the relationship, and quarterly ongoing review during the relationship, to ensure that counterparties meet the Managing Owner’s minimum credit requirements, the counterparty average rating being no less than an investment grade rating as defined by the rating agencies. As of December 31, 2023, none of the Trust’s assets were deposited with over-the-counter counterparties in order to initiate and maintain swaps and is recorded as collateral within the swap fair value within the Statements of Financial Condition. The cash held with the counterparty is not restricted. The Series may strategically invest assets in one or more swaps linked to certain underlying investments or indices at the direction of the Managing Owner. The Trading Company in which the assets of these Series will be invested will not own any of the investments or indices referenced by any swap entered into by these Series. In addition, neither the swap counterparty to the Trading Company of these Series nor any advisor referenced by any such swap is a Trading Advisor to these Series. To help to reduce counterparty risk on the Series, the Managing Owner has the right to reduce the Series’ exposure and remove cash from the Series’ total return swaps with Deutsche Bank AG. This cash holding shall be in excess of $250,000 and may not exceed 40% of the index exposure in total. Index exposure is defined as the total notional amount plus any profit. The Series are charged interest on this cash holding and any amount removed will be offset against the final settlement value of the swap. All swap investments were liquidated in the year 2020. |
Frontier Funds [Member] | |
Swap Contracts [Line Items] | |
Swap Contracts | 4. Swap Contracts In addition to authorizing Trading Advisors to manage pre-determined investment levels of futures and forward contracts, certain Series of the Trust will strategically invest a portion or all of their assets in total return swaps, selected at the direction of the Managing Owner. Total return swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more investment products or indices. In a typical total return swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a “basket” of securities. The Trust’s investment in swaps will likely differ substantially over time due to cash flows, portfolio management decisions and market movements. The swaps serve to diversify the investment holdings of the Trust and to provide access to programs and advisors that would not be otherwise available to the Trust and are not used for hedging purposes. The Managing Owner follows a procedure in selecting well-established financial institutions which the Managing Owner, in its sole discretion, considers to be reputable, reliable, financially responsible and well established to act as swap counterparties. The procedure includes due diligence review of documentation on all new and existing financial institution counterparties prior to initiation of the relationship, and quarterly ongoing review during the relationship, to ensure that counterparties meet the Managing Owner’s minimum credit requirements, the counterparty average rating being no less than an investment grade rating as defined by the rating agencies. As of December 31, 2020, All swaps were sold so that no Trust’s assets were deposited with over-the-counter counterparties. The Trust strategically invests assets in one or more swaps linked to certain underlying investments or indices at the direction of the Managing Owner. The Trading Company in which the assets of the Trust will be invested will not own any of the investments or indices referenced by any swap entered into by the Trust. In addition, neither the swap counterparty nor any advisor referenced by any such swap is a Trading Advisor to the Trust. To help to reduce counterparty risk on the Series, the Managing Owner has the right to reduce the Series’ exposure and remove cash from the Series’ total return swaps with Deutsche Bank AG. This cash holding shall be in excess of $250,000 and may not exceed 40% of the Index exposure in total. Index exposure is defined as the total notional amount plus any profit. The Series are charged interest on this cash holding and any amount removed will be offset against the final settlement value of the swap. The Frontier Select Fund (through its investment in an unconsolidated trading company) and Frontier Heritage Fund Brevan Howard swap investments were liquidated on May 30, 2020 and Frontier Balanced Fund, Frontier Long/Short Commodity Fund, Frontier Diversified Fund TRS swap investments were liquidated on December 21, 2020. |
Investments in Unconsolidated T
Investments in Unconsolidated Trading Companies and Private Investment Companies | 12 Months Ended |
Dec. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies [Line Items] | |
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 and cumulative trading profits or losses allocated to each Series by the Trading Companies and private investment companies. Trading Companies and private investment companies allocate trading profits or losses on the basis of the proportion of each Series’ capital allocated for trading to each respective Trading Company, which bears no relationship to the amount of cash invested by a Series in the Trading Company and private investment companies. The Trading Companies are valued using the equity method of accounting, which approximates fair value. Investments in private investment companies are valued using the NAV provided by the underlying private investment. The Galaxy Plus entities are made up of feeder funds in which each series invests and master trading entities into which the feeder funds invest. No investment held by the Galaxy Plus master trading entity is greater than 5% of the Trust’s total capital. The following table summarizes each of the Series’ investments in unconsolidated Trading Companies as of December 31, 2023 and 2022: As of December 31, 2023 As of December 31, 2022 Percentage of Percentage of Series Total Series Total Capital Invested in Capital Invested in Unconsolidated Trading Companies Fair Value Unconsolidated Trading Companies Fair Value Series Frontier Diversified Series: Frontier Trading Company XXXVIII 2.24 % $ 33,061 1.00 % $ 28,671 Frontier Masters Fund: Frontier Trading Company XXXVIII 2.53 % $ 8,598 1.64 % $ 11,418 Frontier Long/Short Commodity Fund: Frontier Trading Company XXXVIII 2.31 % $ 17,181 1.75 % $ 23,810 Frontier Balanced Fund: Frontier Trading Company XXXVIII 1.54 % $ 77,766 1.46 % $ 136,169 Frontier Select Fund: Frontier Trading Companies XXXVIII 3.92 % $ 30,934 1.36 % $ 20,414 Frontier Global Fund: Frontier Trading Company XXXVIII 2.62 % $ 28,911 0.57 % $ 16,200 Frontier Heritage Fund: Frontier Trading Company XXXVIII 1.80 % $ 29,840 0.91 % $ 27,970 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 - Quantica Managed Futures Feeder Fund (507) 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 Frontier Masters Fund Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Multi-Strategy Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Frontier Long/Short Commodity Fund Multi-Strategy Galaxy Plus Fund - LRR Feeder Fund (522) LLC 24 hours Daily None Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) 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 - Quantica Managed Futures Feeder Fund (507) 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 Frontier Select Fund Multi-Strategy Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Frontier Global Fund Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Frontier Heritage Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None |
Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies [Line Items] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies | 5. Investments in Private Investment Companies Investments in private investment companies represent cash and open trade equity invested in the private investment companies as well as the cumulative trading profits or losses allocated to the Trust by the private investment companies. Private investment companies allocate trading profits or losses on the basis of the proportion of the Trust’s capital allocated for trading to each respective private investment company, which bears no relationship to the amount of cash invested by the Trust in the private investment companies. Investments in private investment companies are valued using the NAV provided by the underlying private investment. The Galaxy Plus entities are made up of feeder funds in which the Trust invests and master trading entities into which the feeder funds invest. No investment held by the Galaxy Plus Platform master trading entity is greater than 5% of the Trust’s total capital. 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 - LRR Feeder Fund (522) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC 24 hours Daily None Galaxy Plus Fund - 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 |
Transactions with Affiliates
Transactions with Affiliates | 12 Months Ended |
Dec. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Transactions with Affiliates [Line Items] | |
Transactions with Affiliates | 6. Transactions with Affiliates The Managing Owner contributes funds to the Trust, with respect to the Series, in order to have a 1% interest (“Minimum Purchase Commitment”) in the aggregate capital, profits and losses of all Series and in return will receive units designated as general units in the Series in which the Managing Owner invests such funds. The general units may only be purchased by the Managing Owner and may be subject to no management fees or management fees at reduced rates. Otherwise, the general units hold the same rights as the limited units. The Managing Owner will make contributions to the Series of the Trust necessary to maintain at least a 1% interest in the aggregate capital, profits and losses of the combined Series of the Trust. Such contribution was made by the Managing Owner before trading commenced for the Trust and will be maintained throughout the existence of the Trust, and the Managing Owner will make such purchases as are necessary to effect this requirement. Additionally, the Managing Owner agreed with certain regulatory bodies to maintain a 1% interest specifically in the Frontier Balanced Fund Class 1AP and 2a Units, aggregated, and each of the Frontier Long/Short Commodity Fund, Frontier Diversified Fund and Frontier Masters Fund. The 1% interest in these specific Series is included in computing the Minimum Purchase Commitment in aggregate capital. In addition to the general units the Managing Owner receives in respect of its Minimum Purchase Commitment, the Managing Owner may purchase limited units in any Series as a Limited Owner. Principals of the Managing Owner or affiliates are allowed to own beneficial interests in the Trust, with respect to the Series, as well. All Units purchased by the Managing Owner are held for investment purposes only and not for resale. The Managing Owner may make purchases or redemptions at any time on the same terms as any Limited Owner. The Trust has and will continue to have certain relationships with the Managing Owner and its affiliates. Expenses Management Fees— The management fee as a percentage of the applicable Series’ notional assets will be greater than the percentage of the applicable Series’ net asset value to the extent that the notional assets of the Series exceeds its net asset value. The Managing Owner expects that the notional assets of each Series will generally be maintained at a level in excess of the net asset value of such Series and such excess may be substantial to the extent the Managing Owner deems necessary to achieve the desired level of volatility. Trading Fees— Incentive Fees— Service Fees— The Managing Owner has determined that the purchase of additional units of the relevant series will commence in 2024. As such, the Managing Owner has calculated the amounts for additional units of the relevant series which will be purchased and classified such amounts as Subscriptions in advance for service fee rebates of $22,650, $393, $31,725, $405,698, $22,558, $164,567 and $86,405 for the Frontier Diversified, Long/Short Commodity, Masters, Balanced, Select, Global and Heritage Funds, respectively, as of December 31, 2023. The following table summarizes fees earned by the Managing Owner for the years ended December 31, 2023, 2022 and 2021. For the Year Ended December 31, 2023 Incentive (Rebate) Fees Management Service Trading Frontier Diversified Fund $ - $ - $ 797 $ 80,028 Frontier Masters Fund - - 310 36,622 Frontier Long/Short Commodity Fund (5,126 ) - 164 30,053 Frontier Balanced Fund - 16,237 163,312 316,070 Frontier Select Fund - - 30,349 35,241 Frontier Global Fund - - 53,005 97,276 Frontier Heritage Fund - - 63,432 105,647 For the Year Ended December 31, 2022 Incentive Management Service Trading Frontier Diversified Fund $ (13,788 ) $ - $ 1,128 $ 123,260 Frontier Masters Fund - - 563 55,575 Frontier Long/Short Commodity Fund - - 270 41,502 Frontier Balanced Fund 213,064 18,115 263,174 475,553 Frontier Select Fund - - 53,197 60,136 Frontier Global Fund - - 84,304 148,079 Frontier Heritage Fund - - 92,170 140,566 For the Year Ended December 31, 2021 Incentive Management Service Trading Frontier Diversified Fund $ - $ - $ 2,118 $ 125,429 Frontier Masters Fund - - 628 52,957 Frontier Long/Short Commodity Fund - - 228 38,961 Frontier Balanced Fund 158,775 18,441 258,209 435,300 Frontier Select Fund - - 46,410 46,943 Frontier Global Fund - - 76,678 140,017 Frontier Heritage Fund - - 68,400 101,631 The following table summarizes fees payable to the Managing Owner as of December 31, 2023 and 2022. As of December 31, 2023 Incentive Management Interest Service Trading Frontier Diversified Fund $ - $ - $ - $ 46 $ 4,735 Frontier Masters Fund - - - 17 2,617 Frontier Long/Short Commodity Fund - - 40 8 1,896 Frontier Balanced Fund 692 2,440 995 8,793 20,160 Frontier Select Fund - - 308 1,878 2,305 Frontier Global Fund - - 420 2,704 5,301 Frontier Heritage Fund - - 436 3,484 6,943 As of December 31, 2022 Incentive Management Interest Service Trading Frontier Diversified Fund $ - $ - $ - $ 85 $ 9,653 Frontier Masters Fund - - - 43 4,443 Frontier Long/Short Commodity Fund - - 53 21 3,447 Frontier Balanced Fund 692 1,573 2,306 16,784 36,946 Frontier Select Fund - - 342 3,630 4,454 Frontier Global Fund - - 302 6,437 12,480 Frontier Heritage Fund - - 447 6,432 11,679 With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed therefore by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk and the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. Aggregate interest income from all sources, including U.S. Treasury Securities assets net of premiums and cash held at clearing brokers, of up to the first 2% (annualized) of average net assets less any fair market value related to swaps is paid to the Managing Owner by the Frontier Balanced Fund (Class 1 and Class 2), Frontier Long/Short Commodity Fund (Class 2 and Class 3), Frontier Global Fund, Frontier Select Fund, and Frontier Heritage Fund. For the Frontier Diversified Fund, Frontier Long/Short Commodity Fund (Class 1a, Class 2a and Class 3a), Frontier Masters Fund, and Frontier Balanced Fund (Class 1AP, Class 2a and Class 3a), 100% of the interest is retained by the respective Series. Frontier Masters Fund Class 1 was closed as of April 1, 2021 and Frontier Diversified Fund Class 1 was closed as of July 21, 2021. All swaps were sold as of December 31, 2020. The following table outlines the interest paid by each Series to the Managing Owner and its ratio to average net assets for the years ended December 31, 2023, 2022 and 2021: 2023 2022 2021 2023 2022 2021 Gross Amount Gross Amount Gross Amount Ratio to Average Net Assets Ratio to Average Net Assets Ratio to Average Net Assets Frontier Long/Short Commodity Fund Class 2 $ 15 $ 17 $ 22 0.09 % 0.06 % 0.06 % Frontier Long/Short Commodity Fund Class 3 652 585 659 0.08 % 0.05 % 0.06 % Frontier Balanced Fund Class 1 11,521 13,088 8,660 0.22 % 0.15 % 0.10 % Frontier Balanced Fund Class 1AP 132 128 108 0.22 % 0.15 % 0.11 % Frontier Balanced Fund Class 2 2,576 2,970 1,749 0.22 % 0.15 % 0.10 % Frontier Balanced Fund Class 2a 13 17 16 0.05 % 0.03 % 0.02 % Frontier Balanced Fund Class 3a 165 156 103 0.04 % 0.03 % 0.02 % Frontier Select Fund Class 1 3,846 3,556 2,876 0.38 % 0.20 % 0.19 % Frontier Select Fund Class 1AP 32 29 20 0.38 % 0.20 % 0.19 % Frontier Select Fund Class 2 226 185 138 0.39 % 0.20 % 0.18 % Frontier Global Fund Class 1 1,746 5,232 3,665 0.10 % 0.19 % 0.14 % Frontier Global Fund Class 2 71 293 281 0.08 % 0.18 % 0.14 % Frontier Heritage Fund Class 1 2,247 5,196 3,669 0.11 % 0.17 % 0.16 % Frontier Heritage Fund Class 1AP 12 22 14 0.11 % 0.17 % 0.16 % Frontier Heritage Fund Class 2 233 451 373 0.11 % 0.17 % 0.16 % Total $ 23,487 $ 31,925 $ 22,353 |
Frontier Funds [Member] | |
Transactions with Affiliates [Line Items] | |
Transactions with Affiliates | 6. Transactions with Affiliates The Managing Owner contributes funds to the Trust in order to have a 1% interest in the aggregate capital, profits and losses and in return will receive units designated as general units in the Series of the Trust in which the Managing Owner invests such funds. The general units may only be purchased by the Managing Owner and may be subject to no advisory fees or management advisory fees at reduced rates. Otherwise, the general units hold the same rights as the limited units. The Managing Owner is required to maintain at least a 1% interest (“Minimum Purchase Commitment”) in the aggregate capital, profits and losses of the Trust so long as it is acting as the Managing Owner of the Trust. Such contribution was made by the Managing Owner before trading commenced for the Trust and will be maintained throughout the existence of the Trust, and the Managing Owner will make such purchases as are necessary to effect this requirement. Additionally, the Managing Owner agreed with certain regulatory bodies to maintain a 1% interest specifically in the Frontier Balanced Fund Class 1AP Units and Frontier Balanced Fund Class 2a Units, aggregated, and each of the Frontier Long/Short Commodity Fund, Frontier Diversified Fund, and Frontier Masters Fund. The 1% interest in these specific Series of the Trust is included in computing the Minimum Purchase Commitment in aggregate capital. In addition to the general units the Managing Owner receives in respect of its Minimum Purchase Commitment, the Managing Owner may purchase limited units in any Series as a Limited Owner. Principals of the Managing Owner or affiliates are allowed to own beneficial interests in the Trust, as well. All units purchased by the Managing Owner are held for investment purposes only and not for resale. The Managing Owner may make purchases or redemptions at any time on the same terms as any Limited Owner. The Trust has and will continue to have certain relationships with the Managing Owner and its affiliates. Expenses Management Fees— The management fee as a percentage of the applicable Series’ notional assets will be greater than the percentage of the applicable Series’ net asset value to the extent that the notional assets of the Series exceeds its net asset value. The Managing Owner expects that the notional assets of each Series will generally be maintained at a level in excess of the net asset value of such Series and such excess may be substantial to the extent the Managing Owner deems necessary to achieve the desired level of volatility. Trading Fees Incentive Fees Some Series pay to the Managing Owner an incentive fee of a certain percentage of new net trading profits generated in the Trading Companies by such Series, monthly or quarterly. In addition, the Managing Owner receives a quarterly incentive fee of a certain percentage of new net trading profits generated in the Galaxy Plus entities that have been allocated to the Series. The incentive fees attributable to Galaxy Plus entities are included in unrealized gain/(loss) on private investment companies on the combined consolidated statements of operations. Because the Frontier Balanced Fund, Frontier Diversified Fund, Frontier Masters Fund, Frontier Heritage Fund, Frontier Select Fund, and Frontier Long/Short Commodity Fund may each employ multiple Trading Advisors, these Series will pay the Managing Owner a monthly incentive fee calculated on a Trading Advisor by Trading Advisor basis. It is therefore possible that in any given period the Series may pay incentive fees to the Managing Owner for one or more Trading Advisors while each of these Series as a whole experiences losses. The incentive fee is 25% for the Frontier Balanced Fund and the Frontier Diversified Fund and 20% for the Frontier Global Fund, Frontier Heritage Fund, Frontier Select Fund, Frontier Long/Short Commodity Fund and Frontier Masters Fund. The Managing Owner may pay all or a portion of such incentive fees to the Trading Advisor(s) for such Series. Service Fees— In addition, with respect to Class 1 and Class 1a Units of each Series of the Trust, as applicable, the Series pays monthly or quarterly to the Managing Owner a service fee of up to 3% and 2% annually, for the closed Series and open Series, respectively, which the Managing Owner pays to selling agents of the Trust. With respect to Class 2 Units of each Series of the Trust, as applicable, the Series pays monthly or quarterly to the Managing Owner a service fee of up to 0.25% annually, for the closed Series and open Series, respectively, which the Managing Owner pays to selling agents of the Trust. As of December 31, 2023, the Trust had a payable to the Managing Owner in the amounts of $692, $2,440, $2,199, $43,957 and $16,930 for incentive fees, management fees, interest, trading fees, and service fees, respectively. As of December 31, 2022, the Trust had a payable to the Managing Owner in the amounts of $692, $1,573, $3,450, $83,102 and $33,432 for incentive fees, management fees, interest, trading fees, and service fees, respectively. As of December 31, 2021, the Trust had a payable to the Managing Owner in the amounts of $54,702, $1,413, $1,714, $70,998 and $31,919 for incentive fees, management fees, interest, trading fees, and service fees, respectively. For the year ended December 31, 2023, the Managing Owner earned $(5,126), $16,237, $311,369 and $700,937 for incentive fees (rebate), management fees, service fees, and trading fees, respectively. For the year ended December 31, 2022, the Managing Owner earned $199,276, $18,115, $494,806 and $1,044,671 for incentive fees, management fees, service fees, and trading fees, respectively. For the year ended December 31, 2021, the Managing Owner earned $158,775, $18,441, $452,671 and $941,238 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. Aggregate interest income from all sources, including U.S. Treasury Securities assets net of premiums and cash held at clearing brokers, of up to the first 2% (annualized) is paid to the Managing Owner by the Frontier Balanced Fund (Class 1 and Class 2 only), Frontier Long/Short Commodity Fund (Class 2 and Class 3), Frontier Global Fund, Frontier Select Fund, and Frontier Heritage Fund. For the Frontier Diversified Fund, Frontier Long/Short Commodity Fund (Class 1a, Class 2a and Class 3a), Frontier Masters Fund, and Frontier Balanced Fund (Class 1AP, Class 2a and Class 3a), 100% of the interest is retained by the respective Series . During the years ended December 31, 2023, 2022 and 2021, the Trust paid $23,487, $31,925, and $22,353, respectively, of such interest income to the Managing Owner. Such amounts are not included in the consolidated statements of operations of the Trust. All other interest income is recorded by the Trust on the consolidated statements of operations. |
Financial Highlights
Financial Highlights | 12 Months Ended |
Dec. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Financial Highlights [Line Items] | |
Financial Highlights | 7. Financial Highlights The following information presents the financial highlights of the Series for the years ended December 31, 2023, 2022 and 2021. This data has been derived from the information presented in the consolidated financial statements. For the year ended December 31, 2023 Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 2 Class 3 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, December 31, 2022 $ 96.37 $ 90.72 $ 94.64 $ 89.45 $ 109.65 $ 71.93 $ 115.03 $ 76.29 Net operating results: Interest income 0.18 0.17 0.38 0.36 0.33 0.22 0.34 0.23 Expenses (3.14 ) (2.96 ) (5.54 ) (5.20 ) (2.30 ) (1.50 ) (2.35 ) (1.58 ) Net gain/(loss) on investments, net of non-controlling interests (25.23 ) (23.58 ) (24.09 ) (22.65 ) (34.94 ) (22.29 ) (36.71 ) (23.52 ) Net income/(loss) (28.19 ) (26.37 ) (29.25 ) (27.49 ) (36.91 ) (23.57 ) (38.72 ) (24.87 ) Net asset value, December 31, 2023 $ 68.18 $ 64.35 $ 65.39 $ 61.96 $ 72.74 $ 48.36 $ 76.31 $ 51.42 Ratios to average net assets Net investment income/(loss) -3.60 % -3.60 % -6.49 % -6.49 % -2.11 % -2.11 % -2.11 % -2.11 % Expenses before incentive fees (rebate) (3)(4) 3.83 % 3.83 % 6.97 % 6.97 % 2.96 % 2.96 % 2.96 % 3.06 % Expenses after incentive fees (rebate) (3)(4) 3.83 % 3.83 % 6.97 % 6.97 % 2.46 % 2.46 % 2.46 % 2.46 % Total return before incentive fees (rebate) (2) -29.25 % -29.07 % -30.91 % -30.74 % -34.16 % -33.27 % -34.16 % -33.20 % Total return after incentive fees (rebate) (2) -29.25 % -29.07 % -30.91 % -30.74 % -33.66 % -32.77 % -33.66 % -32.60 % Incentive fee (rebate) per share - - - - (0.47 ) (0.30 ) (0.48 ) (0.39 ) Incentive Fee (rebate) to ANA 0.00 % 0.00 % 0.00 % 0.00 % -0.50 % -0.50 % -0.50 % -0.60 % Frontier Balanced Fund Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2022 $ 99.17 $ 127.56 $ 172.01 $ 149.47 $ 148.96 $ 71.23 $ 91.71 $ 121.70 Net operating results: Interest income (expense) 0.05 0.07 0.10 0.08 0.08 0.00 0.00 0.00 Expenses (6.34 ) (5.04 ) (6.84 ) (5.98 ) (5.91 ) (3.50 ) (2.37 ) (3.14 ) Net gain/(loss) on investments, net of non-controlling interests (30.25 ) (39.58 ) (53.34 ) (46.13 ) (46.03 ) (21.76 ) (28.36 ) (37.64 ) Net income/(loss) (36.54 ) (44.55 ) (60.08 ) (52.03 ) (51.86 ) (25.26 ) (30.73 ) (40.78 ) Net asset value, December 31, 2023 $ 62.63 $ 83.01 $ 111.93 $ 97.44 $ 97.10 $ 45.97 $ 60.98 $ 80.92 Ratios to average net assets Net investment income/(loss) -7.96 % -4.85 % -4.85 % -4.85 % -4.85 % -6.26 % -3.27 % -3.27 % Expenses before incentive fees (3)(4) 8.03 % 4.92 % 4.92 % 4.92 % 4.92 % 6.26 % 3.27 % 3.27 % Expenses after incentive fees (3)(4) 8.03 % 4.92 % 4.92 % 4.92 % 4.92 % 6.26 % 3.27 % 3.27 % Total return before incentive fees (2) -36.85 % -34.93 % -34.93 % -34.81 % -34.81 % -35.47 % -33.50 % -33.51 % Total return after incentive fees (2) -36.85 % -34.93 % -34.93 % -34.81 % -34.81 % -35.47 % -33.50 % -33.51 % Incentive fee per share - - - - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2022 $ 185.27 $ 297.25 $ 154.14 $ 198.42 $ 265.55 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (13.30 ) (13.81 ) (9.80 ) (7.67 ) (10.27 ) Net gain/(loss) on investments, net of non-controlling interests (37.37 ) (60.91 ) (37.89 ) (49.55 ) (66.31 ) Net income/(loss) (50.67 ) (74.72 ) (47.69 ) (57.22 ) (76.58 ) Net asset value, December 31, 2023 $ 134.60 $ 222.53 $ 106.45 $ 141.20 $ 188.97 Ratios to average net assets Net investment income/(loss) -8.25 % -5.25 % -7.53 % -4.53 % -4.53 % Expenses before incentive fees (3)(4) 8.25 % 5.25 % 7.53 % 4.53 % 4.53 % Expenses after incentive fees (3)(4) 8.25 % 5.25 % 7.53 % 4.53 % 4.53 % Total return before incentive fees (2) -27.35 % -25.14 % -30.94 % -28.84 % -28.84 % Total return after incentive fees (2) -27.35 % -25.14 % -30.94 % -28.84 % -28.84 % Incentive fee per share - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the consolidated Statements of Operations of the Series, see footnote 6. (4) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees is included in the total return. For the year ended December 31, 2022 Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 2 Class 3 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, December 31, 2021 $ 88.98 $ 83.56 $ 70.17 $ 66.15 $ 89.97 $ 58.75 $ 94.38 $ 62.16 Net operating results: Interest income 0.20 0.19 0.35 0.33 0.27 0.17 0.28 0.19 Expenses (3.59 ) (3.37 ) (6.98 ) (6.55 ) (3.27 ) (2.14 ) (3.42 ) (2.27 ) Net gain/(loss) on investments, net of non-controlling interests 10.78 10.34 31.10 29.52 22.68 15.15 23.79 16.21 Net income/(loss) 7.39 7.16 24.47 23.30 19.68 13.18 20.65 14.13 Net asset value, December 31, 2022 $ 96.37 $ 90.72 $ 94.64 $ 89.45 $ 109.65 $ 71.93 $ 115.03 $ 76.29 Ratios to average net assets Net investment income/(loss) -3.17 % -3.17 % -6.45 % -6.45 % -2.60 % -2.60 % -2.60 % -2.60 % Expenses before incentive fees (rebate) (3)(4) 3.76 % 3.76 % 6.78 % 6.78 % 2.83 % 2.83 % 2.83 % 2.83 % Expenses after incentive fees (rebate) (3)(4) 3.35 % 3.35 % 6.78 % 6.78 % 2.83 % 2.83 % 2.83 % 2.83 % Total return before incentive fees (rebate) (2) 7.90 % 8.17 % 34.87 % 35.22 % 21.87 % 22.43 % 21.87 % 22.74 % Total return after incentive fees (rebate) (2) 8.30 % 8.57 % 34.87 % 35.22 % 21.87 % 22.43 % 21.87 % 22.74 % Incentive fee (rebate) per share (0.44 ) (0.41 ) - - - - - - Incentive Fee (rebate) to ANA -0.41 % -0.41 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Frontier Balanced Fund Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2021 $ 82.82 $ 103.38 $ 139.40 $ 120.98 $ 120.57 $ 63.39 $ 79.21 $ 105.10 Net operating results: Interest income (expense) (0.02 ) (0.02 ) (0.03 ) (0.02 ) (0.02 ) 0.00 0.00 0.00 Expenses (10.14 ) (8.70 ) (11.74 ) (10.13 ) (10.17 ) (5.39 ) (3.54 ) (4.67 ) Net gain/(loss) on investments, net of non-controlling interests 26.51 32.90 44.38 38.64 38.58 13.23 16.04 21.27 Net income/(loss) 16.35 24.18 32.61 28.49 28.39 7.84 12.50 16.60 Net asset value, December 31, 2022 $ 99.17 $ 127.56 $ 172.01 $ 149.47 $ 148.96 $ 71.23 $ 91.71 $ 121.70 Ratios to average net assets Net investment income/(loss) -9.43 % -6.37 % -6.37 % -6.37 % -6.37 % -6.21 % -3.21 % -3.21 % Expenses before incentive fees (3)(4) 7.51 % 4.46 % 4.46 % 4.46 % 4.46 % 6.21 % 3.21 % 3.21 % Expenses after incentive fees (3)(4) 9.42 % 6.36 % 6.36 % 6.36 % 6.36 % 6.21 % 3.21 % 3.21 % Total return before incentive fees (2) 21.65 % 25.29 % 25.30 % 25.45 % 25.45 % 12.37 % 15.78 % 15.79 % Total return after incentive fees (2) 19.75 % 23.39 % 23.39 % 23.55 % 23.54 % 12.37 % 15.78 % 15.79 % Incentive fee per share 2.05 2.60 3.51 3.03 3.04 - - - Incentive Fee to ANA 1.90 % 1.90 % 1.90 % 1.90 % 1.90 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2021 $ 109.45 $ 170.40 $ 103.43 $ 129.19 $ 172.91 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (14.39 ) (13.45 ) (11.60 ) (8.62 ) (11.40 ) Net gain/(loss) on investments, net of non-controlling interests 90.21 140.30 62.31 77.85 104.04 Net income/(loss) 75.82 126.85 50.71 69.23 92.64 Net asset value, December 31, 2022 $ 185.27 $ 297.25 $ 154.14 $ 198.42 $ 265.55 Ratios to average net assets Net investment income/(loss) -8.01 % -5.00 % -7.21 % -4.20 % -4.20 % Expenses before incentive fees (3)(4) 8.01 % 5.00 % 7.21 % 4.20 % 4.20 % Expenses after incentive fees (3)(4) 8.01 % 5.00 % 7.21 % 4.20 % 4.20 % Total return before incentive fees (2) 69.28 % 74.44 % 49.03 % 53.59 % 53.58 % Total return after incentive fees (2) 69.28 % 74.44 % 49.03 % 53.59 % 53.58 % Incentive fee per share - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the consolidated Statements of Operations of the Series, see footnote 6. (4) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees is included in the total return. For the year ended December 31, 2021 Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, December 31, 2020 $ 72.68 $ 88.95 $ 83.33 $ 55.18 $ 67.54 $ 63.52 $ 85.99 $ 55.29 $ 90.21 $ 58.37 Net operating results: Interest income 0.09 0.11 0.11 0.19 0.27 0.25 0.27 0.17 0.27 0.17 Expenses (4.32 ) (3.28 ) (3.17 ) (6.89 ) (4.56 ) (4.28 ) (2.88 ) (1.74 ) (2.85 ) (1.84 ) Net gain/(loss) on investments, net of non-controlling interests (68.45 )* 3.19 3.28 (48.48 )* 6.92 6.66 6.59 5.04 6.75 5.45 Net income/(loss) (72.68 )* 0.03 0.23 (55.18 )* 2.63 2.63 3.98 3.46 4.17 3.79 Net asset value, December 31, 2021 $ - * $ 88.98 $ 83.56 $ - * $ 70.17 $ 66.15 $ 89.97 $ 58.75 $ 94.38 $ 62.16 Ratios to average net assets Net investment income/(loss) -10.83 % -6.54 % -6.54 % -24.03 % -11.12 % -11.12 % -5.16 % -5.16 % -5.16 % -5.16 % Expenses before incentive fees (3)(4) 11.07 % 6.78 % 6.78 % 24.71 % 11.81 % 11.81 % 5.70 % 5.70 % 5.70 % 5.70 % Expenses after incentive fees (3)(4) 11.07 % 6.78 % 6.78 % 24.71 % 11.81 % 11.81 % 5.70 % 5.70 % 5.70 % 5.70 % Total return before incentive fees (2) 5.06 %* 0.03 % 0.28 % 4.59 %* 3.89 % 4.14 % 4.63 % 6.25 % 4.63 % 6.49 % Total return after incentive fees (2) 5.06 %* 0.03 % 0.28 % 4.59 %* 3.89 % 4.14 % 4.63 % 6.25 % 4.63 % 6.49 % Incentive fee per share - - - - - - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 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, 2020 $ 79.93 $ 96.81 $ 130.54 $ 113.20 $ 112.81 $ 58.55 $ 70.99 $ 94.20 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (7.39 ) (6.40 ) (7.92 ) (7.83 ) (6.75 ) (3.87 ) (2.22 ) (2.95 ) Net gain/(loss) on investments, net of non-controlling interests 10.28 12.97 16.78 15.61 14.51 8.71 10.44 13.86 Net income/(loss) 2.89 6.57 8.86 7.78 7.76 4.84 8.22 10.90 Net asset value, December 31, 2021 $ 82.82 $ 103.38 $ 139.40 $ 120.98 $ 120.57 $ 63.39 $ 79.21 $ 105.10 Ratios to average net assets Net investment income/(loss) -15.38 % -9.53 % -9.53 % -9.53 % -9.53 % -11.80 % -5.79 % -5.79 % Expenses before incentive fees (3)(4) 13.99 % 8.14 % 8.14 % 8.14 % 8.14 % 11.80 % 5.79 % 5.79 % Expenses after incentive fees (3)(4) 15.38 % 9.53 % 9.53 % 9.53 % 9.53 % 11.80 % 5.79 % 5.79 % Total return before incentive fees (2) 5.01 % 8.18 % 8.18 % 8.27 % 8.27 % 8.27 % 11.58 % 11.57 % Total return after incentive fees (2) 3.61 % 6.79 % 6.79 % 6.87 % 6.88 % 8.27 % 11.58 % 11.57 % Incentive fee per share 1.24 1.64 2.03 2.01 1.74 - - - Incentive Fee to ANA 1.39 % 1.39 % 1.39 % 1.39 % 1.39 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2020 $ 110.90 $ 167.56 $ 96.10 $ 116.50 $ 155.92 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (9.45 ) (8.67 ) (7.58 ) (5.34 ) (7.16 ) Net gain/(loss) on investments, net of non-controlling interests 8.00 11.51 14.91 18.03 24.16 Net income/(loss) (1.45 ) 2.84 7.33 12.69 16.99 Net asset value, December 31, 2021 $ 109.45 $ 170.40 $ 103.43 $ 129.19 $ 172.91 Ratios to average net assets Net investment income/(loss) -15.46 % -9.73 % -14.26 % -8.18 % -8.18 % Expenses before incentive fees (3)(4) 15.46 % 9.73 % 14.26 % 8.18 % 8.18 % Expenses after incentive fees (3)(4) 15.46 % 9.73 % 14.26 % 8.18 % 8.18 % Total return before incentive fees (2) -1.31 % 1.70 % 7.62 % 10.89 % 10.90 % Total return after incentive fees (2) -1.31 % 1.70 % 7.62 % 10.89 % 10.90 % Incentive fee per share - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the consolidated statements of operations of the Series, see footnote 6. (4) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees is included in the total return. * Class 1A of Frontier Long/Short Commodity Fund was liquidated as of September 30, 2020. |
Frontier Funds [Member] | |
Financial Highlights [Line Items] | |
Financial Highlights | 7. Financial Highlights The following information presents the financial highlights of the Trust for the years ended December 31, 2023, 2022 and 2021. This data has been derived from the information presented in the combined consolidated financial statements. 2023 2022 2021 Ratios to average net assets (1) Net investment income/(loss) (1) -6.37 % -7.17 % -6.69 % Expenses before incentive fees (rebate) (3) -6.50 % -6.40 % -6.06 % Expenses after incentive fees (rebate) (3) -6.47 % -7.21 % -6.74 % Total return before incentive fees (rebate) (2) -40.44 % 24.27 % 5.32 % Total return after incentive fees (rebate) (2) -40.41 % 23.46 % 4.65 % (1) Annualized with the exception of incentive fees. (2) Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Consolidated Statements of Operations of the Trust. See footnote 6. The Trust financial highlights are calculated based upon the Trust’s combined consolidated financial statements. The combined consolidated Trust does not issue units and therefore the financial highlights do not disclose any unitized data. |
Derivative Instruments and Hedg
Derivative Instruments and Hedging Activities | 12 Months Ended |
Dec. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Derivative Instruments and Hedging Activities [Line Items] | |
Derivative Instruments and Hedging Activities | 8. Derivative Instruments and Hedging Activities The Series’ primary business is to engage in speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts). The Series do not enter into or hold positions for hedging purposes as defined under ASC 815, Derivatives and Hedging (“ASC 815”). The detail of the fair value of the Series’ derivatives by instrument types as of December 31, 2023 and 2022 is included in the consolidated condensed Schedules of Investments. See Note 4 for further disclosure related to each Series’ position in swap contracts. The following tables summarize the monthly averages of futures contracts bought and sold for each respective Series of the Trust: For the Year Ended December 31, 2023 Monthly average contracts: Bought Sold Frontier Balanced Fund 324 323 For the Year Ended December 31, 2022 Monthly average contracts: Bought Sold Frontier Balanced Fund 296 295 For the Year Ended December 31, 2021 Monthly average contracts: Bought Sold Frontier Balanced Fund 652 654 The following tables summarize the consolidated trading revenues for the years ended December 31, 2023, 2022 and 2021 by sector: Realized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2023 Type of contract Frontier Agriculturals $ 128,298 Currencies (137,759 ) Energies 1,270 Interest rates (103,008 ) Metals 20,799 Stock indices (231,826 ) Realized trading income/(loss) (1) $ (322,226 ) Realized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2022 Type of contract Frontier Balanced Fund Agriculturals $ (385,424 ) Currencies 683,628 Energies 94,910 Interest rates 230,542 Metals (115,239 ) Stock indices 299,210 Realized trading income/(loss) (1) $ 807,627 Realized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2021 Type of contract Frontier Balanced Agriculturals $ 191,851 Currencies 96,075 Energies 148,710 Interest rates 108,590 Metals 123,350 Stock indices 204,123 Realized trading income/(loss) (1) $ 872,699 (1) Amounts recorded in the consolidated Statements of Operations under Net realized gain(loss) on futures forwards and options. Net Change in Open Trade Equity from Futures, Forwards and Options for the Year Ended December 31, 2023 Type of contract Frontier Balanced Fund Agriculturals $ 2,242 Currencies 501 Interest rates 9,393 Metals (28,346 ) Stock indices 106 Change in unrealized trading income/(loss) (1) $ (16,104 ) Net Change in Open Trade Equity from Futures, Forwards and Options for the Year Ended December 31, 2022 Type of contract Frontier Balanced Fund Agriculturals $ 187,295 Currencies (252,215 ) Energies 47,945 Interest rates (108,413 ) Metals 98,894 Stock indices 13,328 Change in unrealized trading income/(loss) (1) $ (13,166 ) Net Change in Open Trade Equity from Futures, Forwards and Options for the Year Ended December 31, 2021 Type of contract Frontier Balanced Fund Agriculturals $ (13,842 ) Currencies 11,977 Energies (14,160 ) Interest rates (37,684 ) Metals (28,136 ) Stock indices (7,461 ) Change in unrealized trading income/(loss) (1) $ (89,306 ) (1) Amounts recorded in the consolidated Statements of Operations under Net change in open trade equity/(deficit) Certain financial instruments and derivative instruments are eligible for offset in the consolidated statements of financial condition under GAAP. The Series’ open trade equity/(deficit), options written, and receivables from futures commissions merchants (each, an “FCM”) are subject to master netting arrangements and collateral arrangements and meet the GAAP guidance to qualify for offset. A master netting arrangement with a counterparty creates a right of offset for amounts due to and from that same counterparty that is enforceable in the event of a default or bankruptcy. The Series’ policy is to recognize amounts subject to master netting arrangements on a net basis on the consolidated statements of financial condition. The following tables present gross and net information about the Series’ assets and liabilities subject to master netting arrangements as disclosed on the consolidated statements of financial condition as of December 31, 2023 and 2022. As of December 31, 2023 Gross Amounts of Gross Amounts Net Amounts Frontier Balanced Fund Open Trade Equity/(Deficit) $ 14,434 $ (28,868 ) $ (14,434 ) As of December 31, 2022 Gross Amounts of Gross Amounts Net Amounts Frontier Balanced Fund Open Trade Equity/(Deficit) $ 3,438 $ (1,768 ) $ 1,670 |
Frontier Funds [Member] | |
Derivative Instruments and Hedging Activities [Line Items] | |
Derivative Instruments and Hedging Activities | 8. Derivative Instruments and Hedging Activities The Trust’s primary business is to engage in speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts). The Trust does not enter into or hold positions for hedging purposes as defined under ASC 815. The detail of the fair value of the Trust’s derivatives by instrument types as of December 31, 2023 and December 31, 2022 is included in the combined consolidated condensed schedules of investments. See Note 4 for further disclosure related to the Trust’s positions in swap contracts. There are embedded management fees in transacting these swaps ranging from 1% to 1.5% based on fair value of swaps and the embedded incentive fees ranging from 15% to 25% based on net new trading profits on swaps. For the years ended December 31, 2023, 2022, and 2021, the monthly average of futures, forwards and options contracts bought was approximately 324, 296, and 652 respectively and the monthly average of futures, forwards, and options contracts sold was approximately 323, 295, and 654, respectively. The following tables summarize the trading revenues for the years ended December 31, 2023, 2022, and 2021 by contract type: Realized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2023 Type of contract Frontier Balanced Fund Agriculturals $ 128,298 Currencies (137,759 ) Energies 1,270 Interest rates (103,008 ) Metals 20,799 Stock indices (231,826 ) Realized trading income/(loss) (1) $ (322,226 ) (1) Amounts recorded in the combined consolidated statements of operations under Net realized gain(loss) on futures forwards and options. Realized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2022 Type of contract Frontier Balanced Fund Agriculturals $ (385,424 ) Currencies 683,628 Energies 94,910 Interest rates 230,542 Metals (115,239 ) Stock indices 299,210 Realized trading income/(loss) (1) $ 807,627 (1) Amounts recorded in the combined consolidated Statements of operations under Net realized gain(loss) on futures forwards and options. Realized Trading Revenue from Futures, Forwards and Options for the Year Ended December 31, 2021 Type of contract Frontier Balanced Fund Agriculturals $ 191,851 Currencies 96,075 Energies 148,710 Interest rates 108,590 Metals 123,350 Stock indices 204,123 Realized trading income/(loss) (1) $ 872,699 (1) Amounts recorded in the combined consolidated statements of operations under Net realized gain(loss) on futures forwards and options. Net Change in Open Trade Equity from Futures, Forwards and Options for the Year Ended December 31, 2023 Type of contract Frontier Balanced Fund Agriculturals $ 2,242 Currencies 501 Interest rates 9,393 Metals (28,346 ) Stock indices 106 Change in unrealized trading income/(loss) (1) $ (16,104 ) (1) Amounts recorded in the combined consolidated Statements of operations under Net change in open trade equity/(deficit). Net Change in Open Trade Equity from Futures, Forwards and Options for the Year Ended December 31, 2022 Type of contract Frontier Balanced Fund Agriculturals $ 187,295 Currencies (252,215 ) Energies 47,945 Interest rates (108,413 ) Metals 98,894 Stock indices 13,328 Change in unrealized trading income/(loss) (1) $ (13,166 ) (1) Amounts recorded in the combined consolidated Statements of operations under Net change in open trade equity/(deficit). Net Change in Open Trade Equity from Futures, Forwards and Options for the Year Ended December 31, 2021 Type of contract Metals $ (13,842 ) Currencies 11,977 Energies (14,160 ) Interest rates (37,684 ) Agriculturals (28,136 ) Stock indices (7,461 ) Change in unrealized trading income/(loss) (1) $ (89,306 ) (1) Amounts recorded in the combined consolidated statements of operations under Net change in open trade equity/(deficit). Certain financial instruments and derivative instruments are eligible for offset in the combined consolidated statements of financial condition under GAAP. The Trust’s open trade equity/(deficit), options written, and receivables from futures commission merchants (each, an “FCM”) are subject to master netting arrangements and collateral arrangements and meet the GAAP guidance to qualify for offset. A master netting arrangement with a counterparty creates a right of offset for amounts due to and from that same counterparty that is enforceable in the event of a default or bankruptcy. The Trust’s policy is to recognize amounts subject to master netting arrangements on a net basis on the combined consolidated statements of financial condition. The following tables present gross and net information about the Trust’s assets and liabilities subject the master netting arrangements as disclosed on the combined consolidated statements of financial condition as of December 31, 2023 and 2022: As of December 31, 2023 Gross Amounts of recognized Gross Amounts Net Amounts Frontier Balanced Fund Open Trade Equity/(Deficit) $ 14,434 $ (28,868 ) $ (14,434 ) As of December 31, 2022 Gross Amounts Gross Amounts Net Amounts Frontier Balanced Fund Open Trade Equity/(Deficit) $ 3,438 $ (1,768 ) $ 1,670 |
Trading Activities and Related
Trading Activities and Related Risks | 12 Months Ended |
Dec. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Trading Activities and Related Risks [Line Items] | |
Trading Activities and Related Risks | 9. Trading Activities and Related Risks The purchase and sale of futures and options on futures contracts require margin deposits with FCMs. Additional deposits may be necessary for any loss on contract value. The CEA requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. A customer’s cash and other property (for example, U.S. treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. The term “off-balance sheet risk” refers to an unrecorded potential liability that, even though it does not appear on the consolidated statements of financial condition, may result in future obligation or loss in excess of the amount paid by the Series for a particular investment. Each Trading Company expects to trade in futures, options, forward and swap contracts and will therefore be a party to financial instruments with elements of off-balance sheet market and credit risk. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by market conditions, such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures positions held by a Trading Company in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company are unable to offset such futures interests positions, such Trading Company could lose all of its assets and the holders of Units of such Series would realize a 100% loss. The Managing Owner will seek to minimize market risk through real-time monitoring of open positions and the level of diversification of each Trading Advisor’s portfolio. It is anticipated that any Trading Advisor’s margin-to-equity ratio will typically not exceed approximately 35% although the actual ratio could be higher or lower from time to time. In addition to market risk, trading futures, forward and swap contracts entails credit risk that a counterparty will not be able to meet its obligations to a Trading Company. The counterparty for futures contracts traded in the United States and on most foreign exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases where the clearinghouse is not backed by the clearing members, like some foreign exchanges, it is normally backed by a consortium of banks or other financial institutions. Some non-U.S. exchanges, in contrast to U.S. exchanges, are principals’ markets in which performance is the responsibility only of the individual counterparty with whom the Trading Company has entered into the transaction, and not of the exchange or clearing corporation. In these kinds of markets, there is risk of bankruptcy or other failure or refusal to perform by the counterparty. In the case of forward contracts traded on the interbank market and swaps, neither is traded on exchanges. The counterparty is generally a single bank or other financial institution, rather than a group of financial institutions; thus there may be a greater counterparty credit risk. The Managing Owner expects the Trading Advisors to trade only with those counterparties which it believes to be creditworthy. All positions of each Trading Company will be valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearing house or other counterparty will be able to meet its obligations to any Trading Company. The Managing Owner has established procedures to actively monitor and minimize market and credit risks. The Limited Owners bear the risk of loss only to the extent of the market value of their respective investments and, in certain specific circumstances, distributions and redemptions received. |
Frontier Funds [Member] | |
Trading Activities and Related Risks [Line Items] | |
Trading Activities and Related Risks | 9. Trading Activities and Related Risks The purchase and sale of futures and options on futures contracts require margin deposits with FCMs. Additional deposits may be necessary for any loss on contract value. The CEA requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. A customer’s cash and other property (for example, U.S. treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. The term “off-balance sheet risk” refers to an unrecorded potential liability that, even though it does not appear on the combined consolidated statements of financial condition, may result in future obligation or loss in excess of the amount paid by the Series for a particular investment. Each Trading Company and Galaxy Plus entity expects to trade in futures, options, forward and swap contracts and will therefore be a party to financial instruments with elements of off-balance sheet market and credit risk. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by market conditions, such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures positions held by a Trading Company or Galaxy Plus entity in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company or Galaxy Plus entity are unable to offset such futures interests positions, such Trading Company or Galaxy Plus entity could lose all of its assets and the holders of Units of such Series would realize a 100% loss. The Managing Owner will seek to minimize market risk through real-time monitoring of open positions and the level of diversification of each Trading Advisor’s portfolio. It is anticipated that any Trading Advisor’s margin- to-equity ratio will typically not exceed approximately 35% although the actual ratio could be higher or lower from time to time. In addition to market risk, trading futures, forward and swap contracts entails credit risk that a counterparty will not be able to meet its obligations to a Trading Company or Galaxy Plus entity. The counterparty for futures contracts traded in the United States and on most foreign exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases where the clearinghouse is not backed by the clearing members, like some foreign exchanges, it is normally backed by a consortium of banks or other financial institutions. Some non-U.S. exchanges, in contrast to U.S. exchanges, are principals’ markets in which performance is the responsibility only of the individual counterparty with whom the Trading Company has entered into the transaction, and not of the exchange or clearing corporation. In these kinds of markets, there is risk of bankruptcy or other failure or refusal to perform by the counterparty. In the case of forward contracts traded on the interbank market and swaps, neither is traded on exchanges. The counterparty is generally a single bank or other financial institution, rather than a group of financial institutions; thus there may be a greater counterparty credit risk. The Managing Owner expects the Trading Advisors to trade only with those counterparties which it believes to be creditworthy. All positions of each Trading Company will be valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to any Trading Company. The Managing Owner has established procedures to actively monitor and minimize market and credit risks. The Limited Owners bear the risk of loss only to the extent of the market value of their respective investments and, in certain specific circumstances, distributions and redemptions received. |
Indemnifications and Guarantees
Indemnifications and Guarantees noted in Management Discussion and Analysis | 12 Months Ended |
Dec. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Indemnifications and Guarantees noted in Management Discussion and Analysis [Line Items] | |
Indemnifications and Guarantees noted in Management Discussion and Analysis | 10. Indemnifications and Guarantees noted in Management Discussion and Analysis The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence, bad faith or willful misconduct. The Trust has had no prior claims or payments pursuant to these agreements. The Trust’s individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. However, based on experience the Trust expects the risk of loss to be remote. Maximum exposure is unfulfilled obligations of the Series up to the amount of equity at risk with the custodian of the referenced Series as allocated from the Trading Company. The Series have not recorded any liability for the indemnifications in the accompanying consolidated financial statements as it expects any possibility of losses to be remote. |
Frontier Funds [Member] | |
Indemnifications and Guarantees noted in Management Discussion and Analysis [Line Items] | |
Indemnifications and Guarantees noted in Management Discussion and Analysis | 10. Indemnifications and Guarantees The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence, bad faith or willful misconduct. The Trust has had no prior claims or payments pursuant to these agreements. The Trust’s individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. However, based on experience the Trust expects the risk of loss to be remote. Maximum exposure is unfulfilled obligations of the Series up to the amount of equity at risk with the custodian of the referenced Series as allocated from the Trading Company. The Trust has not recorded any liability for the guarantees in the accompanying financial statements as it expects any possibility of losses to be remote. The Trust has not recorded any liability for the indemnifications in the accompanying combined consolidated financial statements as it expects any possibility of losses to be remote. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2023 | |
The Series of the Frontier Funds [Member] | |
Subsequent Events [Line Items] | |
Subsequent Events | 11. Subsequent Events The Managing Owner evaluates events that occur after the balance sheet date but before and up until consolidated financial statements are available to be issued. The Managing Owner has assessed the subsequent events through the date that the consolidated financial statements were issued and has determined that, except as set forth below, there were no subsequent events requiring adjustment to or disclosure in the consolidated financial statements. From January 1, 2024 through March 26, 2024, Frontier Balanced Fund, Frontier Diversified Fund, Frontier Heritage Fund, Frontier Long/Short Commodity Fund, Frontier Masters Fund, Frontier Select Fund and Frontier Global Fund paid $257,210, $245,299, $130,094, $19,726, $830, $31,624 and $4,607, respectively in redemptions. |
Frontier Funds [Member] | |
Subsequent Events [Line Items] | |
Subsequent Events | 11. Subsequent Events The Managing Owner evaluates events that occur after the balance sheet date but before and up until financial statements are available to be issued. The Managing Owner has assessed the subsequent events through the date that the combined consolidated financial statements were issued and has determined that, except as set forth below, there were no subsequent events requiring adjustment to or disclosure in the combined consolidated financial statements. From January 1, 2024 through March 26, 2024, the Trust paid $689,390 in redemptions. |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Dec. 31, 2023 | |
Trading Arrangements, by Individual | |
Rule 10b5-1 Arrangement Adopted | false |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Accounting Policies, by Policy (Policies) [Line Items] | |
Basis of Presentation | Basis of Presentation |
Combination of consolidated series | Consolidation Galaxy Plus entities are co-mingled investment vehicles. In addition to the Series, there are other non-affiliated investors in the Galaxy Plus Platform. Subscriptions and redemptions by these non-affiliated investors will have a direct impact on the Series ownership percentage in the Galaxy Plus Platform. 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 December 31, 2023, and 2022, the consolidated statements of financial condition of Frontier Balanced Fund included the assets and liabilities of its wholly owned interests in Frontier Trading Company I, LLC. For the year ended December 31, 2023, 2022 and 2021 the consolidated statements of operations of Frontier Balanced Fund included the earnings of its wholly owned interest in Frontier Trading Company I, LLC. For the year ended December 31, 2022 and 2021 the consolidated statements of operations of Frontier Select Fund included the earnings of its majority owned 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 Consolidated Statements of Financial Condition. |
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— |
Receivable from Futures Commission Merchants | Receivable from Futures Commission Merchants |
Investment Transactions | Investment Transactions— Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest is recognized in the period earned and the instruments are marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the consolidated statements of operations. |
Purchase and Sales of Private Investment Companies | Purchase and Sales of Private Investment Companies |
Foreign Currency Transactions | Foreign Currency Transactions— |
Allocation of Earnings | Allocation of Earnings— Each Series allocates funds to an affiliated Trading Company, or Trading 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 The 2020 through 2023 tax years generally remain subject to examination by U.S. federal and most state tax authorities. In the opinion of the Managing Owner, (i) the Trust, with respect to the Series, is treated as a partnership for federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, (ii) the Trust is not a publicly traded partnership treated as a corporation, and (iii) the discussion set forth in the Prospectus under the heading “U.S. Federal Income Tax Consequences” correctly summarizes the material federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Units of the Trust. |
Fees and Expenses | Fees and Expenses |
Incentive Fee (rebate) | Incentive Fee (rebate) |
Service Fees | Service Fees Each Series is charged service fees as outlined above. In some cases, amounts paid to selling agents might be less than the amount charged to the Series. When this occurs, the service fee is rebated back to the investor in the form of additional units. During 2023, 2022 and 2021, the Series were not allowed to issue additional units. The Managing Owner has determined that the purchase of additional units of the relevant Series will commence in 2024 when the Series are allowed to sell shares again. As such, the Managing Owner has calculated the amounts for additional units of the relevant series which will be purchased and classified such amounts as Subscriptions in advance for service fee rebates of $22,650, $393, $31,725, $405,698, $22,558, $164,567 and $86,405 for the Frontier Diversified, Long/Short Commodity, Masters, Balanced, Select, Global and Heritage Funds, respectively, as of December 31, 2023. These service fees are part of the offering costs of the Trust, with respect to the Series, which include registration and filing fees, legal and blue sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and enjoys the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. |
Pending Owner Additions | Pending Owner Additions— |
Owner redemptions payable | Owner redemptions payable— |
Subsequent Events | Subsequent Events—Each Series follows the provisions of ASC 855, Subsequent Events, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date and up through the date the consolidated financial statements are issued. Refer to Note 11. |
Frontier Funds [Member] | |
Accounting Policies, by Policy (Policies) [Line Items] | |
Basis of Presentation | Basis of Presentation |
Combination of consolidated series | Combination of consolidated series The income or loss attributable thereto in proportion to the investment level of the private investment companies is shown in the combined consolidated statements of operations as net unrealized gain/(loss) on private investment companies. The consolidated financial statements of the Series and Trading Companies are combined to form the combined consolidated financial statements of the Trust. All intercompany transactions have been eliminated in combination. Galaxy Plus entities are co-mingled investment vehicles. In addition to the Trust, there are other non-affiliated investors in the Galaxy Plus Platform. Subscriptions and redemptions by these non-affiliated investors will have a direct impact on the Trust ownership percentage in the Galaxy Plus Platform. It is expected that ownership percentage will fluctuate (sometimes significantly) on a week-by-week basis which could also result in frequent changes in the consolidating Series. Such fluctuations make consolidating the financial statements of the Galaxy Plus entities both impractical and misleading. Non-consolidation of these Galaxy Plus entities presents a more useful financial statement for the readers. As such, management has decided that presenting Galaxy Plus entities on a non-consolidated basis as investments in other investments companies (a “fund of funds” approach) is appropriate and preferable to the users of these financial statements. Refer to Note 5 for additional disclosures related to these private investment companies. |
Use of Estimates | Use of Estimates— |
Cash and Cash Equivalents | Cash and Cash Equivalents— |
Interest Income | Interest Income— |
U.S. Treasury Securities | U.S. Treasury Securities— |
Receivable from Futures Commission Merchants | Receivable from Futures Commission Merchants |
Investment Transactions | Investment Transactions— Any change in net unrealized gain or loss from the preceding period is reported in the combined consolidated statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest was recognized in the period earned and the instruments were marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the combined consolidated statements of operations. |
Purchase and Sales of Private Investment Companies | Purchase and Sales of Private Investment Companies |
Foreign Currency Transactions | Foreign Currency Transactions— |
Allocation of Earnings | Allocation of Earnings Each Series allocates funds to an affiliated Trading Company, or Trading 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 The 2020 through 2023 tax years generally remain subject to examination by U.S. federal and most state tax authorities. In the opinion of the Managing Owner, (i) the Trust is treated as a partnership for Federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, (ii) the Trust is not a publicly traded partnership treated as a corporation, and (iii) the discussion set forth in the Prospectus under the heading “U.S. Federal Income Tax Consequences” correctly summarizes the material Federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Series Units of the Trust. |
Fees and Expenses | Fees and Expenses— |
Incentive Fee (rebate) | Incentive Fee (rebate)— |
Service Fees | Service Fees Each Series is charged service fees as outlined above. In some cases, amounts paid to selling agents might be less than the amount charged to the Series. When this occurs, the service fee is rebated back to the investor in the form of additional units. During 2023, 2022 and 2021, the Series were not allowed to issue additional units. The Managing Owner has determined that the purchase of additional units of the relevant Series will commence in 2021 when the Series are allowed to sell shares again. As such, the Managing Owner has calculated the amounts for additional units of the relevant series which will be purchased and classified such amounts as Subscriptions in advance for service fee rebates of $733,996 and $710,323 as of December 31, 2023 and December 31, 2022, respectiv 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 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Fair Value Measurements (Tables) [Line Items] | |
Schedule of Valuation Inputs Within the Fair Value Hierarchy Utilized to Measure Fair Value | The following table summarizes investment in each Series measured at fair value on a recurring basis as of December 31, 2023 and December 31, 2022 segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value. December 31, 2023 Practical Expedient Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 33,061 $ - $ - $ - $ 33,061 U.S. Treasury Securities - 5,543 - - 5,543 Frontier Masters Fund Investment in Unconsolidated Trading Companies 8,598 - - - 8,598 U.S. Treasury Securities - 1,441 - - 1,441 Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 17,181 - - - 17,181 U.S. Treasury Securities - 2,881 - - 2,881 Frontier Balanced Fund Investment in Unconsolidated Trading Companies 77,766 - - - 77,766 Open Trade Equity (Deficit) - (14,434 ) - - (14,434 ) U.S. Treasury Securities - 13,038 - - 13,038 Frontier Select Fund Investment in Unconsolidated Trading Companies 30,934 - - - 30,934 U.S. Treasury Securities - 5,186 - - 5,186 Frontier Global Fund Investment in Unconsolidated Trading Companies 28,911 - - - 28,911 U.S. Treasury Securities - 4,847 - - 4,847 Frontier Heritage Fund Investment in Unconsolidated Trading Companies 29,840 - - - 29,840 U.S. Treasury Securities - 5,003 - - 5,003 December 31, 2022 Practical Expedient Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 28,671 $ - $ - $ - $ 28,671 U.S. Treasury Securities - 42,198 - - 42,198 Frontier Masters Fund Investment in Unconsolidated Trading Companies 11,418 - - - 11,418 U.S. Treasury Securities - 16,805 - - 16,805 Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 23,810 - - - 23,810 U.S. Treasury Securities - 35,044 - - 35,044 Frontier Balanced Fund Investment in Unconsolidated Trading Companies 136,139 - - - 136,139 Open Trade Equity (Deficit) - 1,670 - - 1,670 U.S. Treasury Securities - 200,417 - - 200,417 Frontier Select Fund Investment in Unconsolidated Trading Companies 20,414 - - - 20,414 U.S. Treasury Securities - 30,046 - - 30,046 Frontier Global Fund Investment in Unconsolidated Trading Companies 16,200 - - - 16,200 U.S. Treasury Securities - 23,843 - - 23,843 Frontier Heritage Fund Investment in Unconsolidated Trading Companies 27,970 - - - 27,970 U.S. Treasury Securities - 41,167 - - 41,167 |
Frontier Funds [Member] | |
Fair Value Measurements (Tables) [Line Items] | |
Schedule of Valuation Inputs Within the Fair Value Hierarchy Utilized to Measure Fair Value | The following table summarizes the instruments that comprise the Trust’s financial asset portfolio, in aggregate, measured at fair value on a recurring basis as of December 31, 2023 and 2022, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: December 31, 2023 Level 1 Inputs Level 2 Inputs Level 3 Inputs Fair Value Open Trade Equity (Deficit) $ (14,434 ) $ - $ - $ (14,434 ) U.S. Treasury Securities 37,939 - - 37,939 December 31, 2022 Level 1 Inputs Level 2 Inputs Level 3 Inputs Fair Value Open Trade Equity (Deficit) $ 1,670 $ - $ - $ 1,670 U.S. Treasury Securities 389,520 - - 389,520 |
Investments in Unconsolidated_2
Investments in Unconsolidated Trading Companies and Private Investment Companies (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Tables) [Line Items] | |
Schedule of Investments in Unconsolidated Trading Companies | The following table summarizes each of the Series’ investments in unconsolidated Trading Companies as of December 31, 2023 and 2022: As of December 31, 2023 As of December 31, 2022 Percentage of Percentage of Series Total Series Total Capital Invested in Capital Invested in Unconsolidated Trading Companies Fair Value Unconsolidated Trading Companies Fair Value Series Frontier Diversified Series: Frontier Trading Company XXXVIII 2.24 % $ 33,061 1.00 % $ 28,671 Frontier Masters Fund: Frontier Trading Company XXXVIII 2.53 % $ 8,598 1.64 % $ 11,418 Frontier Long/Short Commodity Fund: Frontier Trading Company XXXVIII 2.31 % $ 17,181 1.75 % $ 23,810 Frontier Balanced Fund: Frontier Trading Company XXXVIII 1.54 % $ 77,766 1.46 % $ 136,169 Frontier Select Fund: Frontier Trading Companies XXXVIII 3.92 % $ 30,934 1.36 % $ 20,414 Frontier Global Fund: Frontier Trading Company XXXVIII 2.62 % $ 28,911 0.57 % $ 16,200 Frontier Heritage Fund: Frontier Trading Company XXXVIII 1.80 % $ 29,840 0.91 % $ 27,970 |
Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions | 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 - Quantica Managed Futures Feeder Fund (507) 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 Frontier Masters Fund Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Multi-Strategy Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Frontier Long/Short Commodity Fund Multi-Strategy Galaxy Plus Fund - LRR Feeder Fund (522) LLC 24 hours Daily None Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) 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 - Quantica Managed Futures Feeder Fund (507) 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 Frontier Select Fund Multi-Strategy Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Frontier Global Fund Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Frontier Heritage Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None |
Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Tables) [Line Items] | |
Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions | 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 - LRR Feeder Fund (522) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC 24 hours Daily None Galaxy Plus Fund - 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 |
Transactions with Affiliates (T
Transactions with Affiliates (Tables) - The Series of Frontier Funds [Member] | 12 Months Ended |
Dec. 31, 2023 | |
Transactions with Affiliates (Tables) [Line Items] | |
Schedule of Fees Earned by Managing Owner | The following table summarizes fees earned by the Managing Owner for the years ended December 31, 2023, 2022 and 2021. For the Year Ended December 31, 2023 Incentive (Rebate) Fees Management Service Trading Frontier Diversified Fund $ - $ - $ 797 $ 80,028 Frontier Masters Fund - - 310 36,622 Frontier Long/Short Commodity Fund (5,126 ) - 164 30,053 Frontier Balanced Fund - 16,237 163,312 316,070 Frontier Select Fund - - 30,349 35,241 Frontier Global Fund - - 53,005 97,276 Frontier Heritage Fund - - 63,432 105,647 For the Year Ended December 31, 2022 Incentive Management Service Trading Frontier Diversified Fund $ (13,788 ) $ - $ 1,128 $ 123,260 Frontier Masters Fund - - 563 55,575 Frontier Long/Short Commodity Fund - - 270 41,502 Frontier Balanced Fund 213,064 18,115 263,174 475,553 Frontier Select Fund - - 53,197 60,136 Frontier Global Fund - - 84,304 148,079 Frontier Heritage Fund - - 92,170 140,566 For the Year Ended December 31, 2021 Incentive Management Service Trading Frontier Diversified Fund $ - $ - $ 2,118 $ 125,429 Frontier Masters Fund - - 628 52,957 Frontier Long/Short Commodity Fund - - 228 38,961 Frontier Balanced Fund 158,775 18,441 258,209 435,300 Frontier Select Fund - - 46,410 46,943 Frontier Global Fund - - 76,678 140,017 Frontier Heritage Fund - - 68,400 101,631 |
Schedule of Fees Payable to Managing Owner | The following table summarizes fees payable to the Managing Owner as of December 31, 2023 and 2022. As of December 31, 2023 Incentive Management Interest Service Trading Frontier Diversified Fund $ - $ - $ - $ 46 $ 4,735 Frontier Masters Fund - - - 17 2,617 Frontier Long/Short Commodity Fund - - 40 8 1,896 Frontier Balanced Fund 692 2,440 995 8,793 20,160 Frontier Select Fund - - 308 1,878 2,305 Frontier Global Fund - - 420 2,704 5,301 Frontier Heritage Fund - - 436 3,484 6,943 As of December 31, 2022 Incentive Management Interest Service Trading Frontier Diversified Fund $ - $ - $ - $ 85 $ 9,653 Frontier Masters Fund - - - 43 4,443 Frontier Long/Short Commodity Fund - - 53 21 3,447 Frontier Balanced Fund 692 1,573 2,306 16,784 36,946 Frontier Select Fund - - 342 3,630 4,454 Frontier Global Fund - - 302 6,437 12,480 Frontier Heritage Fund - - 447 6,432 11,679 |
Schedule of Interest Paid by Each Series To Managing Owner | The following table outlines the interest paid by each Series to the Managing Owner and its ratio to average net assets for the years ended December 31, 2023, 2022 and 2021: 2023 2022 2021 2023 2022 2021 Gross Amount Gross Amount Gross Amount Ratio to Average Net Assets Ratio to Average Net Assets Ratio to Average Net Assets Frontier Long/Short Commodity Fund Class 2 $ 15 $ 17 $ 22 0.09 % 0.06 % 0.06 % Frontier Long/Short Commodity Fund Class 3 652 585 659 0.08 % 0.05 % 0.06 % Frontier Balanced Fund Class 1 11,521 13,088 8,660 0.22 % 0.15 % 0.10 % Frontier Balanced Fund Class 1AP 132 128 108 0.22 % 0.15 % 0.11 % Frontier Balanced Fund Class 2 2,576 2,970 1,749 0.22 % 0.15 % 0.10 % Frontier Balanced Fund Class 2a 13 17 16 0.05 % 0.03 % 0.02 % Frontier Balanced Fund Class 3a 165 156 103 0.04 % 0.03 % 0.02 % Frontier Select Fund Class 1 3,846 3,556 2,876 0.38 % 0.20 % 0.19 % Frontier Select Fund Class 1AP 32 29 20 0.38 % 0.20 % 0.19 % Frontier Select Fund Class 2 226 185 138 0.39 % 0.20 % 0.18 % Frontier Global Fund Class 1 1,746 5,232 3,665 0.10 % 0.19 % 0.14 % Frontier Global Fund Class 2 71 293 281 0.08 % 0.18 % 0.14 % Frontier Heritage Fund Class 1 2,247 5,196 3,669 0.11 % 0.17 % 0.16 % Frontier Heritage Fund Class 1AP 12 22 14 0.11 % 0.17 % 0.16 % Frontier Heritage Fund Class 2 233 451 373 0.11 % 0.17 % 0.16 % Total $ 23,487 $ 31,925 $ 22,353 |
Financial Highlights (Tables)
Financial Highlights (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Financial Highlights (Tables) [Line Items] | |
Schedule of Financial Highlights | The following information presents the financial highlights of the Series for the years ended December 31, 2023, 2022 and 2021. This data has been derived from the information presented in the consolidated financial statements. Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 2 Class 3 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, December 31, 2022 $ 96.37 $ 90.72 $ 94.64 $ 89.45 $ 109.65 $ 71.93 $ 115.03 $ 76.29 Net operating results: Interest income 0.18 0.17 0.38 0.36 0.33 0.22 0.34 0.23 Expenses (3.14 ) (2.96 ) (5.54 ) (5.20 ) (2.30 ) (1.50 ) (2.35 ) (1.58 ) Net gain/(loss) on investments, net of non-controlling interests (25.23 ) (23.58 ) (24.09 ) (22.65 ) (34.94 ) (22.29 ) (36.71 ) (23.52 ) Net income/(loss) (28.19 ) (26.37 ) (29.25 ) (27.49 ) (36.91 ) (23.57 ) (38.72 ) (24.87 ) Net asset value, December 31, 2023 $ 68.18 $ 64.35 $ 65.39 $ 61.96 $ 72.74 $ 48.36 $ 76.31 $ 51.42 Ratios to average net assets Net investment income/(loss) -3.60 % -3.60 % -6.49 % -6.49 % -2.11 % -2.11 % -2.11 % -2.11 % Expenses before incentive fees (rebate) (3)(4) 3.83 % 3.83 % 6.97 % 6.97 % 2.96 % 2.96 % 2.96 % 3.06 % Expenses after incentive fees (rebate) (3)(4) 3.83 % 3.83 % 6.97 % 6.97 % 2.46 % 2.46 % 2.46 % 2.46 % Total return before incentive fees (rebate) (2) -29.25 % -29.07 % -30.91 % -30.74 % -34.16 % -33.27 % -34.16 % -33.20 % Total return after incentive fees (rebate) (2) -29.25 % -29.07 % -30.91 % -30.74 % -33.66 % -32.77 % -33.66 % -32.60 % Incentive fee (rebate) per share - - - - (0.47 ) (0.30 ) (0.48 ) (0.39 ) Incentive Fee (rebate) to ANA 0.00 % 0.00 % 0.00 % 0.00 % -0.50 % -0.50 % -0.50 % -0.60 % Frontier Balanced Fund Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2022 $ 99.17 $ 127.56 $ 172.01 $ 149.47 $ 148.96 $ 71.23 $ 91.71 $ 121.70 Net operating results: Interest income (expense) 0.05 0.07 0.10 0.08 0.08 0.00 0.00 0.00 Expenses (6.34 ) (5.04 ) (6.84 ) (5.98 ) (5.91 ) (3.50 ) (2.37 ) (3.14 ) Net gain/(loss) on investments, net of non-controlling interests (30.25 ) (39.58 ) (53.34 ) (46.13 ) (46.03 ) (21.76 ) (28.36 ) (37.64 ) Net income/(loss) (36.54 ) (44.55 ) (60.08 ) (52.03 ) (51.86 ) (25.26 ) (30.73 ) (40.78 ) Net asset value, December 31, 2023 $ 62.63 $ 83.01 $ 111.93 $ 97.44 $ 97.10 $ 45.97 $ 60.98 $ 80.92 Ratios to average net assets Net investment income/(loss) -7.96 % -4.85 % -4.85 % -4.85 % -4.85 % -6.26 % -3.27 % -3.27 % Expenses before incentive fees (3)(4) 8.03 % 4.92 % 4.92 % 4.92 % 4.92 % 6.26 % 3.27 % 3.27 % Expenses after incentive fees (3)(4) 8.03 % 4.92 % 4.92 % 4.92 % 4.92 % 6.26 % 3.27 % 3.27 % Total return before incentive fees (2) -36.85 % -34.93 % -34.93 % -34.81 % -34.81 % -35.47 % -33.50 % -33.51 % Total return after incentive fees (2) -36.85 % -34.93 % -34.93 % -34.81 % -34.81 % -35.47 % -33.50 % -33.51 % Incentive fee per share - - - - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2022 $ 185.27 $ 297.25 $ 154.14 $ 198.42 $ 265.55 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (13.30 ) (13.81 ) (9.80 ) (7.67 ) (10.27 ) Net gain/(loss) on investments, net of non-controlling interests (37.37 ) (60.91 ) (37.89 ) (49.55 ) (66.31 ) Net income/(loss) (50.67 ) (74.72 ) (47.69 ) (57.22 ) (76.58 ) Net asset value, December 31, 2023 $ 134.60 $ 222.53 $ 106.45 $ 141.20 $ 188.97 Ratios to average net assets Net investment income/(loss) -8.25 % -5.25 % -7.53 % -4.53 % -4.53 % Expenses before incentive fees (3)(4) 8.25 % 5.25 % 7.53 % 4.53 % 4.53 % Expenses after incentive fees (3)(4) 8.25 % 5.25 % 7.53 % 4.53 % 4.53 % Total return before incentive fees (2) -27.35 % -25.14 % -30.94 % -28.84 % -28.84 % Total return after incentive fees (2) -27.35 % -25.14 % -30.94 % -28.84 % -28.84 % Incentive fee per share - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the consolidated Statements of Operations of the Series, see footnote 6. (4) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees is included in the total return. Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 2 Class 3 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, December 31, 2021 $ 88.98 $ 83.56 $ 70.17 $ 66.15 $ 89.97 $ 58.75 $ 94.38 $ 62.16 Net operating results: Interest income 0.20 0.19 0.35 0.33 0.27 0.17 0.28 0.19 Expenses (3.59 ) (3.37 ) (6.98 ) (6.55 ) (3.27 ) (2.14 ) (3.42 ) (2.27 ) Net gain/(loss) on investments, net of non-controlling interests 10.78 10.34 31.10 29.52 22.68 15.15 23.79 16.21 Net income/(loss) 7.39 7.16 24.47 23.30 19.68 13.18 20.65 14.13 Net asset value, December 31, 2022 $ 96.37 $ 90.72 $ 94.64 $ 89.45 $ 109.65 $ 71.93 $ 115.03 $ 76.29 Ratios to average net assets Net investment income/(loss) -3.17 % -3.17 % -6.45 % -6.45 % -2.60 % -2.60 % -2.60 % -2.60 % Expenses before incentive fees (rebate) (3)(4) 3.76 % 3.76 % 6.78 % 6.78 % 2.83 % 2.83 % 2.83 % 2.83 % Expenses after incentive fees (rebate) (3)(4) 3.35 % 3.35 % 6.78 % 6.78 % 2.83 % 2.83 % 2.83 % 2.83 % Total return before incentive fees (rebate) (2) 7.90 % 8.17 % 34.87 % 35.22 % 21.87 % 22.43 % 21.87 % 22.74 % Total return after incentive fees (rebate) (2) 8.30 % 8.57 % 34.87 % 35.22 % 21.87 % 22.43 % 21.87 % 22.74 % Incentive fee (rebate) per share (0.44 ) (0.41 ) - - - - - - Incentive Fee (rebate) to ANA -0.41 % -0.41 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Frontier Balanced Fund Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2021 $ 82.82 $ 103.38 $ 139.40 $ 120.98 $ 120.57 $ 63.39 $ 79.21 $ 105.10 Net operating results: Interest income (expense) (0.02 ) (0.02 ) (0.03 ) (0.02 ) (0.02 ) 0.00 0.00 0.00 Expenses (10.14 ) (8.70 ) (11.74 ) (10.13 ) (10.17 ) (5.39 ) (3.54 ) (4.67 ) Net gain/(loss) on investments, net of non-controlling interests 26.51 32.90 44.38 38.64 38.58 13.23 16.04 21.27 Net income/(loss) 16.35 24.18 32.61 28.49 28.39 7.84 12.50 16.60 Net asset value, December 31, 2022 $ 99.17 $ 127.56 $ 172.01 $ 149.47 $ 148.96 $ 71.23 $ 91.71 $ 121.70 Ratios to average net assets Net investment income/(loss) -9.43 % -6.37 % -6.37 % -6.37 % -6.37 % -6.21 % -3.21 % -3.21 % Expenses before incentive fees (3)(4) 7.51 % 4.46 % 4.46 % 4.46 % 4.46 % 6.21 % 3.21 % 3.21 % Expenses after incentive fees (3)(4) 9.42 % 6.36 % 6.36 % 6.36 % 6.36 % 6.21 % 3.21 % 3.21 % Total return before incentive fees (2) 21.65 % 25.29 % 25.30 % 25.45 % 25.45 % 12.37 % 15.78 % 15.79 % Total return after incentive fees (2) 19.75 % 23.39 % 23.39 % 23.55 % 23.54 % 12.37 % 15.78 % 15.79 % Incentive fee per share 2.05 2.60 3.51 3.03 3.04 - - - Incentive Fee to ANA 1.90 % 1.90 % 1.90 % 1.90 % 1.90 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2021 $ 109.45 $ 170.40 $ 103.43 $ 129.19 $ 172.91 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (14.39 ) (13.45 ) (11.60 ) (8.62 ) (11.40 ) Net gain/(loss) on investments, net of non-controlling interests 90.21 140.30 62.31 77.85 104.04 Net income/(loss) 75.82 126.85 50.71 69.23 92.64 Net asset value, December 31, 2022 $ 185.27 $ 297.25 $ 154.14 $ 198.42 $ 265.55 Ratios to average net assets Net investment income/(loss) -8.01 % -5.00 % -7.21 % -4.20 % -4.20 % Expenses before incentive fees (3)(4) 8.01 % 5.00 % 7.21 % 4.20 % 4.20 % Expenses after incentive fees (3)(4) 8.01 % 5.00 % 7.21 % 4.20 % 4.20 % Total return before incentive fees (2) 69.28 % 74.44 % 49.03 % 53.59 % 53.58 % Total return after incentive fees (2) 69.28 % 74.44 % 49.03 % 53.59 % 53.58 % Incentive fee per share - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the consolidated Statements of Operations of the Series, see footnote 6. (4) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees is included in the total return. Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, December 31, 2020 $ 72.68 $ 88.95 $ 83.33 $ 55.18 $ 67.54 $ 63.52 $ 85.99 $ 55.29 $ 90.21 $ 58.37 Net operating results: Interest income 0.09 0.11 0.11 0.19 0.27 0.25 0.27 0.17 0.27 0.17 Expenses (4.32 ) (3.28 ) (3.17 ) (6.89 ) (4.56 ) (4.28 ) (2.88 ) (1.74 ) (2.85 ) (1.84 ) Net gain/(loss) on investments, net of non-controlling interests (68.45 )* 3.19 3.28 (48.48 )* 6.92 6.66 6.59 5.04 6.75 5.45 Net income/(loss) (72.68 )* 0.03 0.23 (55.18 )* 2.63 2.63 3.98 3.46 4.17 3.79 Net asset value, December 31, 2021 $ - * $ 88.98 $ 83.56 $ - * $ 70.17 $ 66.15 $ 89.97 $ 58.75 $ 94.38 $ 62.16 Ratios to average net assets Net investment income/(loss) -10.83 % -6.54 % -6.54 % -24.03 % -11.12 % -11.12 % -5.16 % -5.16 % -5.16 % -5.16 % Expenses before incentive fees (3)(4) 11.07 % 6.78 % 6.78 % 24.71 % 11.81 % 11.81 % 5.70 % 5.70 % 5.70 % 5.70 % Expenses after incentive fees (3)(4) 11.07 % 6.78 % 6.78 % 24.71 % 11.81 % 11.81 % 5.70 % 5.70 % 5.70 % 5.70 % Total return before incentive fees (2) 5.06 %* 0.03 % 0.28 % 4.59 %* 3.89 % 4.14 % 4.63 % 6.25 % 4.63 % 6.49 % Total return after incentive fees (2) 5.06 %* 0.03 % 0.28 % 4.59 %* 3.89 % 4.14 % 4.63 % 6.25 % 4.63 % 6.49 % Incentive fee per share - - - - - - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 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, 2020 $ 79.93 $ 96.81 $ 130.54 $ 113.20 $ 112.81 $ 58.55 $ 70.99 $ 94.20 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (7.39 ) (6.40 ) (7.92 ) (7.83 ) (6.75 ) (3.87 ) (2.22 ) (2.95 ) Net gain/(loss) on investments, net of non-controlling interests 10.28 12.97 16.78 15.61 14.51 8.71 10.44 13.86 Net income/(loss) 2.89 6.57 8.86 7.78 7.76 4.84 8.22 10.90 Net asset value, December 31, 2021 $ 82.82 $ 103.38 $ 139.40 $ 120.98 $ 120.57 $ 63.39 $ 79.21 $ 105.10 Ratios to average net assets Net investment income/(loss) -15.38 % -9.53 % -9.53 % -9.53 % -9.53 % -11.80 % -5.79 % -5.79 % Expenses before incentive fees (3)(4) 13.99 % 8.14 % 8.14 % 8.14 % 8.14 % 11.80 % 5.79 % 5.79 % Expenses after incentive fees (3)(4) 15.38 % 9.53 % 9.53 % 9.53 % 9.53 % 11.80 % 5.79 % 5.79 % Total return before incentive fees (2) 5.01 % 8.18 % 8.18 % 8.27 % 8.27 % 8.27 % 11.58 % 11.57 % Total return after incentive fees (2) 3.61 % 6.79 % 6.79 % 6.87 % 6.88 % 8.27 % 11.58 % 11.57 % Incentive fee per share 1.24 1.64 2.03 2.01 1.74 - - - Incentive Fee to ANA 1.39 % 1.39 % 1.39 % 1.39 % 1.39 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2020 $ 110.90 $ 167.56 $ 96.10 $ 116.50 $ 155.92 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (9.45 ) (8.67 ) (7.58 ) (5.34 ) (7.16 ) Net gain/(loss) on investments, net of non-controlling interests 8.00 11.51 14.91 18.03 24.16 Net income/(loss) (1.45 ) 2.84 7.33 12.69 16.99 Net asset value, December 31, 2021 $ 109.45 $ 170.40 $ 103.43 $ 129.19 $ 172.91 Ratios to average net assets Net investment income/(loss) -15.46 % -9.73 % -14.26 % -8.18 % -8.18 % Expenses before incentive fees (3)(4) 15.46 % 9.73 % 14.26 % 8.18 % 8.18 % Expenses after incentive fees (3)(4) 15.46 % 9.73 % 14.26 % 8.18 % 8.18 % Total return before incentive fees (2) -1.31 % 1.70 % 7.62 % 10.89 % 10.90 % Total return after incentive fees (2) -1.31 % 1.70 % 7.62 % 10.89 % 10.90 % Incentive fee per share - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the consolidated statements of operations of the Series, see footnote 6. (4) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees is included in the total return. * Class 1A of Frontier Long/Short Commodity Fund was liquidated as of September 30, 2020. |
Frontier Funds [Member] | |
Financial Highlights (Tables) [Line Items] | |
Schedule of Financial Highlights | The following information presents the financial highlights of the Trust for the years ended December 31, 2023, 2022 and 2021. This data has been derived from the information presented in the combined consolidated financial statements. 2023 2022 2021 Ratios to average net assets (1) Net investment income/(loss) (1) -6.37 % -7.17 % -6.69 % Expenses before incentive fees (rebate) (3) -6.50 % -6.40 % -6.06 % Expenses after incentive fees (rebate) (3) -6.47 % -7.21 % -6.74 % Total return before incentive fees (rebate) (2) -40.44 % 24.27 % 5.32 % Total return after incentive fees (rebate) (2) -40.41 % 23.46 % 4.65 % (1) Annualized with the exception of incentive fees. (2) Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Consolidated Statements of Operations of the Trust. See footnote 6. |
Derivative Instruments and He_2
Derivative Instruments and Hedging Activities (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Derivative Instruments and Hedging Activities (Tables) [Line Items] | |
Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options | Type of contract Frontier Balanced Fund Agriculturals $ 2,242 Currencies 501 Interest rates 9,393 Metals (28,346 ) Stock indices 106 Change in unrealized trading income/(loss) (1) $ (16,104 ) Type of contract Frontier Balanced Fund Agriculturals $ 187,295 Currencies (252,215 ) Energies 47,945 Interest rates (108,413 ) Metals 98,894 Stock indices 13,328 Change in unrealized trading income/(loss) (1) $ (13,166 ) Type of contract Frontier Balanced Fund Agriculturals $ (13,842 ) Currencies 11,977 Energies (14,160 ) Interest rates (37,684 ) Metals (28,136 ) Stock indices (7,461 ) Change in unrealized trading income/(loss) (1) $ (89,306 ) (1) Amounts recorded in the consolidated Statements of Operations under Net change in open trade equity/(deficit) |
The Series of Frontier Funds [Member] | |
Derivative Instruments and Hedging Activities (Tables) [Line Items] | |
Schedule of Monthly Average Contracts | Bought Sold Frontier Balanced Fund 324 323 Bought Sold Frontier Balanced Fund 296 295 Bought Sold Frontier Balanced Fund 652 654 |
Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options | The following tables summarize the consolidated trading revenues for the years ended December 31, 2023, 2022 and 2021 by sector: Type of contract Frontier Agriculturals $ 128,298 Currencies (137,759 ) Energies 1,270 Interest rates (103,008 ) Metals 20,799 Stock indices (231,826 ) Realized trading income/(loss) (1) $ (322,226 ) Type of contract Frontier Balanced Fund Agriculturals $ (385,424 ) Currencies 683,628 Energies 94,910 Interest rates 230,542 Metals (115,239 ) Stock indices 299,210 Realized trading income/(loss) (1) $ 807,627 Type of contract Frontier Balanced Agriculturals $ 191,851 Currencies 96,075 Energies 148,710 Interest rates 108,590 Metals 123,350 Stock indices 204,123 Realized trading income/(loss) (1) $ 872,699 (1) Amounts recorded in the consolidated Statements of Operations under Net realized gain(loss) on futures forwards and options. |
Schedule of Gross and Net Information about the Series' 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 consolidated statements of financial condition as of December 31, 2023 and 2022. Gross Amounts of Gross Amounts Net Amounts Frontier Balanced Fund Open Trade Equity/(Deficit) $ 14,434 $ (28,868 ) $ (14,434 ) Gross Amounts of Gross Amounts Net Amounts Frontier Balanced Fund Open Trade Equity/(Deficit) $ 3,438 $ (1,768 ) $ 1,670 |
Frontier Funds [Member] | |
Derivative Instruments and Hedging Activities (Tables) [Line Items] | |
Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options | The following tables summarize the trading revenues for the years ended December 31, 2023, 2022, and 2021 by contract type: Type of contract Frontier Balanced Fund Agriculturals $ 128,298 Currencies (137,759 ) Energies 1,270 Interest rates (103,008 ) Metals 20,799 Stock indices (231,826 ) Realized trading income/(loss) (1) $ (322,226 ) (1) Amounts recorded in the combined consolidated statements of operations under Net realized gain(loss) on futures forwards and options. Type of contract Frontier Balanced Fund Agriculturals $ (385,424 ) Currencies 683,628 Energies 94,910 Interest rates 230,542 Metals (115,239 ) Stock indices 299,210 Realized trading income/(loss) (1) $ 807,627 (1) Amounts recorded in the combined consolidated Statements of operations under Net realized gain(loss) on futures forwards and options. Type of contract Frontier Balanced Fund Agriculturals $ 191,851 Currencies 96,075 Energies 148,710 Interest rates 108,590 Metals 123,350 Stock indices 204,123 Realized trading income/(loss) (1) $ 872,699 (1) Amounts recorded in the combined consolidated statements of operations under Net realized gain(loss) on futures forwards and options. (1) Amounts recorded in the combined consolidated Statements of operations under Net change in open trade equity/(deficit). (1) Amounts recorded in the combined consolidated Statements of operations under Net change in open trade equity/(deficit). |
Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options | Type of contract Frontier Balanced Fund Agriculturals $ 2,242 Currencies 501 Interest rates 9,393 Metals (28,346 ) Stock indices 106 Change in unrealized trading income/(loss) (1) $ (16,104 ) Type of contract Frontier Balanced Fund Agriculturals $ 187,295 Currencies (252,215 ) Energies 47,945 Interest rates (108,413 ) Metals 98,894 Stock indices 13,328 Change in unrealized trading income/(loss) (1) $ (13,166 ) Type of contract Metals $ (13,842 ) Currencies 11,977 Energies (14,160 ) Interest rates (37,684 ) Agriculturals (28,136 ) Stock indices (7,461 ) Change in unrealized trading income/(loss) (1) $ (89,306 ) |
Schedule of Gross and Net Information about the Series' 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 combined consolidated statements of financial condition as of December 31, 2023 and 2022: Gross Amounts of recognized Gross Amounts Net Amounts Frontier Balanced Fund Open Trade Equity/(Deficit) $ 14,434 $ (28,868 ) $ (14,434 ) Gross Amounts Gross Amounts Net Amounts Frontier Balanced Fund Open Trade Equity/(Deficit) $ 3,438 $ (1,768 ) $ 1,670 |
Organization and Purpose (Detai
Organization and Purpose (Details) | 12 Months Ended |
Dec. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Organization and Purpose (Details) [Line Items] | |
Managing owner contributions to the series of the trust percentage | 1% |
Amortized monthly annual rate | 2% |
Service fee percentage | 2% |
Redemption fee percentage | 2% |
Percentage of average daily NAV charged as a service fees | 3% |
Percentage of NAV charged as a service fees | 3% |
Service fee percentage | 0.50% |
Aggregate initial and ongoing service fees | 9% |
Total of the purchase price | 10% |
The Series of Frontier Funds [Member] | Minimum [Member] | |
Organization and Purpose (Details) [Line Items] | |
Assets normally invested in one or more trading companies | 75% |
The Series of Frontier Funds [Member] | Maximum [Member] | |
Organization and Purpose (Details) [Line Items] | |
Assets normally invested in one or more trading companies | 95% |
Class 2 or Class 2a [Member] | |
Organization and Purpose (Details) [Line Items] | |
Percentage of NAV charged as a service fees | 0.25% |
Frontier Funds [Member] | |
Organization and Purpose (Details) [Line Items] | |
Managing owner contributions to the series of the trust percentage | 1% |
Aggregate initial and ongoing service fees | 9% |
Redemption fee percentage | 10% |
Frontier Funds [Member] | Minimum [Member] | |
Organization and Purpose (Details) [Line Items] | |
Assets normally invested in one or more trading companies | 30% |
Frontier Funds [Member] | Maximum [Member] | |
Organization and Purpose (Details) [Line Items] | |
Assets normally invested in one or more trading companies | 70% |
Frontier Funds [Member] | Class 1 or Class 1a [Member] | |
Organization and Purpose (Details) [Line Items] | |
Amortized monthly annual rate | 2% |
Service fee percentage | 2% |
Redemption fee percentage | 2% |
Percentage of average daily NAV charged as a service fees | 3% |
Percentage of NAV charged as a service fees | 3% |
Service fee percentage | 2% |
Frontier Funds [Member] | Class 2 and Class 2a [Member] | |
Organization and Purpose (Details) [Line Items] | |
Service fee percentage | 0.50% |
Service fee charged to limited owners | 0.25% |
Significant Accounting Polici_2
Significant Accounting Policies (Details) - USD ($) | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||
The Series of Frontier Funds [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Restricted cash (in Dollars) | $ 769,384 | $ 320,241 | ||
Gross income of the trust constitutes qualifying income | 90% | |||
Incentive fees percentage | 10% | |||
Incentive fee | 10% | |||
Service fee percentage | 2% | |||
Amortized monthly annual rate | 2% | |||
Redemption fee percentage | 2% | |||
Percentage of average daily NAV charged as a service fees | 3% | |||
The Series of Frontier Funds [Member] | Class 1 or Class 1a [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Aggregate interest income percentage | 100% | |||
The Series of Frontier Funds [Member] | Class 2 or Class 2a [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Service fee percentage | 0.50% | |||
The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Advance for service fee (in Dollars) | $ 22,650 | |||
The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Advance for service fee (in Dollars) | 393 | |||
The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Advance for service fee (in Dollars) | 31,725 | |||
The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Advance for service fee (in Dollars) | 405,698 | |||
The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Advance for service fee (in Dollars) | 22,558 | |||
The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Advance for service fee (in Dollars) | 164,567 | |||
The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Advance for service fee (in Dollars) | $ 86,405 | |||
Frontier Funds [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Gross income of the trust constitutes qualifying income | 90% | |||
Incentive fees percentage | [1] | (40.44%) | 24.27% | 5.32% |
Commodity trading advisors new net profits percentage | 10% | |||
Incentive fee exceeds new net profit | 10% | |||
Subscriptions in advance for service fee (in Dollars) | $ 733,996 | $ 710,323 | ||
Frontier Funds [Member] | Class 1 or Class 1a [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Aggregate interest income percentage | 100% | |||
Service fee percentage | 2% | |||
Amortized monthly annual rate | 2% | |||
Redemption fee percentage | 2% | |||
Percentage of average daily NAV charged as a service fees | 3% | |||
Frontier Funds [Member] | Class 1 or Class 1a [Member] | Frontier Balanced Fund [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Service fee percentage | 3% | |||
Amortized monthly annual rate | 3% | |||
Redemption fee percentage | 3% | |||
Frontier Funds [Member] | Class 2 and Class 2a [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Service fee percentage | 0.50% | |||
Service fee charged to limited owners | 0.25% | |||
The Series of Frontier Funds [Member] | The Series of Frontier Funds [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Managing owner percentage | 2% | |||
Frontier Trading Company I LLC [Member] | Frontier Funds [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Restricted cash (in Dollars) | $ 769,384 | $ 320,241 | ||
[1] Total returns are not annualized. |
Fair Value Measurements (Detail
Fair Value Measurements (Details) | 12 Months Ended |
Dec. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Fair Value Measurements (Details) [Line Items] | |
Prices exceeding | 5% |
Frontier Funds [Member] | |
Fair Value Measurements (Details) [Line Items] | |
Prices exceeding | 5% |
Fair Value Measurements (Deta_2
Fair Value Measurements (Details) - Schedule of Valuation Inputs Within the Fair Value Hierarchy Utilized to Measure Fair Value - The Series of Frontier Funds [Member] - Fair Value, Recurring [Member] - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Frontier Diversified Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | $ 33,061 | $ 28,671 |
U.S. Treasury Securities | 5,543 | 42,198 |
Frontier Masters Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 8,598 | 11,418 |
U.S. Treasury Securities | 1,441 | 16,805 |
Frontier Long/Short Commodity Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 17,181 | 23,810 |
U.S. Treasury Securities | 2,881 | 35,044 |
Frontier Balanced Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 77,766 | 136,139 |
Open Trade Equity (Deficit) | (14,434) | 1,670 |
U.S. Treasury Securities | 13,038 | 200,417 |
Frontier Select Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 30,934 | 20,414 |
U.S. Treasury Securities | 5,186 | 30,046 |
Frontier Global Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 28,911 | 16,200 |
U.S. Treasury Securities | 4,847 | 23,843 |
Frontier Heritage Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 29,840 | 27,970 |
U.S. Treasury Securities | 5,003 | 41,167 |
Practical Expedient [Member] | Frontier Diversified Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 33,061 | 28,671 |
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Masters Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 8,598 | 11,418 |
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 17,181 | 23,810 |
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Balanced Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 77,766 | 136,139 |
Open Trade Equity (Deficit) | ||
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Select Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 30,934 | 20,414 |
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Global Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 28,911 | 16,200 |
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Heritage Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 29,840 | 27,970 |
U.S. Treasury Securities | ||
Level 1 Inputs [Member] | Frontier Diversified Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 5,543 | 42,198 |
Level 1 Inputs [Member] | Frontier Masters Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 1,441 | 16,805 |
Level 1 Inputs [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 2,881 | 35,044 |
Level 1 Inputs [Member] | Frontier Balanced Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
Open Trade Equity (Deficit) | (14,434) | 1,670 |
U.S. Treasury Securities | 13,038 | 200,417 |
Level 1 Inputs [Member] | Frontier Select Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 5,186 | 30,046 |
Level 1 Inputs [Member] | Frontier Global Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 4,847 | 23,843 |
Level 1 Inputs [Member] | Frontier Heritage Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 5,003 | 41,167 |
Level 2 Inputs [Member] | Frontier Diversified Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Masters Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Balanced Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
Open Trade Equity (Deficit) | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Select Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Global Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Heritage Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Diversified Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Masters Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Balanced Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
Open Trade Equity (Deficit) | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Select Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Global Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Heritage Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities |
Swap Contracts (Details)
Swap Contracts (Details) | Dec. 31, 2023 USD ($) |
The Series of Frontier Funds [Member] | |
Swap Contracts [Line Items] | |
Cash holding shall be in excess amount | $ 250,000 |
Percentage of index exposure total | 40% |
Frontier Funds [Member] | |
Swap Contracts [Line Items] | |
Cash holding shall be in excess amount | $ 250,000 |
Percentage of index exposure total | 40% |
Investments in Unconsolidated_3
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) | 12 Months Ended | |
Dec. 31, 2023 | Sep. 30, 2023 | |
Series of Frontier Funds [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies [Line Items] | ||
Trust’s total capital rate | 5% | |
Frontier Funds [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies [Line Items] | ||
Trust’s total capital, percentage | 5% |
Investments in Unconsolidated_4
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Investments in Unconsolidated Trading Companies - Frontier Trading Company XXXVIII [Member] - The Series of Frontier Funds [Member] - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Frontier Diversified Series [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Investments in Unconsolidated Trading Companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 2.24% | 1% |
Fair Value | $ 33,061 | $ 28,671 |
Frontier Masters Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Investments in Unconsolidated Trading Companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 2.53% | 1.64% |
Fair Value | $ 8,598 | $ 11,418 |
Frontier Long/Short Commodity Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Investments in Unconsolidated Trading Companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 2.31% | 1.75% |
Fair Value | $ 17,181 | $ 23,810 |
Frontier Balanced Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Investments in Unconsolidated Trading Companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 1.54% | 1.46% |
Fair Value | $ 77,766 | $ 136,169 |
Frontier Select Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Investments in Unconsolidated Trading Companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 3.92% | 1.36% |
Fair Value | $ 30,934 | $ 20,414 |
Frontier Global Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Investments in Unconsolidated Trading Companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 2.62% | 0.57% |
Fair Value | $ 28,911 | $ 16,200 |
Frontier Heritage Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Investments in Unconsolidated Trading Companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 1.80% | 0.91% |
Fair Value | $ 29,840 | $ 27,970 |
Investments in Unconsolidated_5
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions - The Series of Frontier Funds [Member] | 12 Months Ended |
Dec. 31, 2023 | |
Multi-Strategy [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Diversified Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Masters Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Balanced Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Select Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Diversified Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Masters Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Balanced Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Select Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Heritage Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | Frontier Long/Short Commodity Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Diversified Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Masters Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Balanced Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Global Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Heritage Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Diversified Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Balanced Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Diversified Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Balanced Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Diversified Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Balanced Fund [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions [Line Items] | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Transactions with Affiliates (D
Transactions with Affiliates (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Transactions with Affiliates [Line Items] | |||
Percentage of cash | 2% | ||
Trust paid | $ 23,487 | ||
The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates [Line Items] | |||
Description of service fees | Service Fees— Investors who have purchased Class 1 or Class 1a Units of Frontier Diversified Fund, Frontier Masters Fund, and Frontier Long/Short Commodity Fund are charged a service fee of up to two percent (2.0%) annually of the NAV (of the purchase price, in case of the initial service fee) of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to two percent (2.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 and Class 1a Units of any Series during the first twelve (12) months following the effective date of their purchase are subject to a redemption fee of up to two percent (2.0%) of the purchase price at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. Investors who have purchased Class 1 or Class 1a Units of Frontier Balanced Fund, Frontier Heritage Fund, Frontier Select Fund, and Frontier Global Fund are charged a service fee of up to three percent (3.0%) annually of the NAV (of the purchase price, in case of the initial service fee) of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 and Class 1a Units of any Series during the first twelve (12) months following the effective date of their purchase are subject to a redemption fee of up to three percent (3.0%) of the purchase price at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to selling agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Frontier Diversified Fund and Frontier Masters Fund or Class 2a Units of the Frontier Long/Short Commodity Fund sold) until such Class 2 or Class 2a Units which are subject to the fee limitation are reclassified as Class 3 or Class 3a Units of the applicable Series for administrative purposes. Currently the service fee is not charged to Class 1AP investors. The Managing Owner may also pay selling agents certain additional fees and expenses for administrative and other services rendered and expenses incurred by such selling agents. | ||
Description of interest income | Aggregate interest income from all sources, including U.S. Treasury Securities assets net of premiums and cash held at clearing brokers, of up to the first 2% (annualized) of average net assets less any fair market value related to swaps is paid to the Managing Owner by the Frontier Balanced Fund (Class 1 and Class 2), Frontier Long/Short Commodity Fund (Class 2 and Class 3), Frontier Global Fund, Frontier Select Fund, and Frontier Heritage Fund. For the Frontier Diversified Fund, Frontier Long/Short Commodity Fund (Class 1a, Class 2a and Class 3a), Frontier Masters Fund, and Frontier Balanced Fund (Class 1AP, Class 2a and Class 3a), 100% of the interest is retained by the respective Series. | ||
The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of minimum purchase commitment | 1% | ||
Percentage of contributes funds to trust | 1% | ||
Percentage of interest | 1% | ||
Frontier Funds [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of minimum purchase commitment | 1% | ||
Percentage of contributes funds to trust | 1% | ||
Subscriptions in advance for service fee | $ 733,996 | $ 710,323 | |
Trust had payable for trading fees | 43,957 | 83,102 | |
Trust paid | 100 | 31,925 | $ 22,353 |
Frontier Funds [Member] | Managing Owner [Member] | |||
Transactions with Affiliates [Line Items] | |||
Trust had payable for incentive fees | 692 | 692 | 54,702 |
Trust had payable for management fees | 2,440 | 1,573 | 1,413 |
Trust had payable for interest fees | 2,199 | 3,450 | 1,714 |
Trust had payable for trading fees | 43,957 | 83,102 | 70,998 |
Trust had payable for service fees | 16,930 | 33,432 | 31,919 |
Incentive fees payable to managing owner | (5,126) | 199,276 | 158,775 |
Management fees payable to managing owner | 16,237 | 18,115 | 18,441 |
Service fees payable to managing owner | 311,369 | 494,806 | 452,671 |
Trading fees payable to managing owner | $ 700,937 | $ 1,044,671 | $ 941,238 |
Frontier Funds [Member] | Class 1AP Units [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of interest in specific series of trust | 1% | ||
Frontier Funds [Member] | Class 2a Units [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of interest | 1% | ||
Frontier Funds [Member] | Class 1 [Member] | Managing Owner [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of service fee | 3% | ||
Frontier Funds [Member] | Class 1a Units [Member] | Managing Owner [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of service fee | 2% | ||
Frontier Funds [Member] | Class 2 Units [Member] | Managing Owner [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of service fee | 0.25% | ||
Frontier Balanced Fund [Member] | The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates [Line Items] | |||
Subscriptions in advance for service fee | $ 405,698 | ||
Frontier Balanced Fund [Member] | The Series of the Frontier Funds [Member] | Class 1AP [Member] | Managing Owner [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of interest in specific series of trust | 1% | ||
Frontier Balanced Fund [Member] | The Series of the Frontier Funds [Member] | Class 2a [Member] | Managing Owner [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of interest in specific series of trust | 1% | ||
Frontier Balanced Fund [Member] | The Series of the Frontier Funds [Member] | Class 1 [Member] | Managing Owner [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of management fee | 0.50% | ||
Frontier Balanced Fund [Member] | The Series of the Frontier Funds [Member] | Class 3a [Member] | Managing Owner [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of management fee | 0.50% | ||
Frontier Balanced Fund [Member] | Frontier Funds [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of FCM fee | 2.25% | ||
Percentage of incentive fee | 25% | ||
Frontier Balanced Fund [Member] | Frontier Funds [Member] | Class 1 and Class 2 [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of management fee | 0.50% | ||
Frontier Balanced Fund [Member] | Frontier Funds [Member] | Class 1AP, Class 2a and Class 3a [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of management fee | 1% | ||
Frontier Long/Short Commodity Fund [Member] | The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates [Line Items] | |||
Subscriptions in advance for service fee | $ 393 | ||
Frontier Long/Short Commodity Fund [Member] | The Series of the Frontier Funds [Member] | Class 2a [Member] | Managing Owner [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of management fee | 2% | ||
Frontier Long/Short Commodity Fund [Member] | The Series of the Frontier Funds [Member] | Class 2 [Member] | Managing Owner [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of management fee | 3.50% | ||
Frontier Long/Short Commodity Fund [Member] | Frontier Funds [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of management fee | 2% | ||
Frontier Long/Short Commodity Fund [Member] | Frontier Funds [Member] | Class 2 and Class 3 [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of management fee | 3.50% | ||
Frontier Diversified Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of management fee | 0.75% | ||
Frontier Diversified Fund [Member] | Frontier Funds [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of management fee | 0.75% | ||
Percentage of FCM fee | 2.50% | ||
Percentage of incentive fee | 20% | ||
Frontier Heritage Fund [Member] | The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates [Line Items] | |||
Subscriptions in advance for service fee | $ 86,405 | ||
Frontier Heritage Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of management fee | 2.50% | ||
Percentage of FCM fee | 2.25% | ||
Frontier Masters Fund [Member] | The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates [Line Items] | |||
Subscriptions in advance for service fee | $ 31,725 | ||
Frontier Masters Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of FCM fee | 2.25% | ||
Frontier Diversified Fund [Member] | |||
Transactions with Affiliates [Line Items] | |||
Incentive fee percentage | 25% | ||
Frontier Diversified Fund [Member] | The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates [Line Items] | |||
Subscriptions in advance for service fee | $ 22,650 | ||
Frontier Global Fund [Member] | |||
Transactions with Affiliates [Line Items] | |||
Incentive fee percentage | 20% | ||
Frontier Global Fund [Member] | The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates [Line Items] | |||
Subscriptions in advance for service fee | $ 164,567 | ||
Frontier Global Fund [Member] | Frontier Funds [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of series NAV | 0.12% | ||
Frontier Select Fund [Member] | The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates [Line Items] | |||
Subscriptions in advance for service fee | $ 22,558 | ||
Frontier Select Fund [Member] | Frontier Funds [Member] | |||
Transactions with Affiliates [Line Items] | |||
Percentage of FCM fee | 2.25% | ||
Galaxy Plus Platform [Member] | The Series of the Frontier Funds [Member] | |||
Transactions with Affiliates [Line Items] | |||
Diligence fee percentage | 0.12% |
Transactions with Affiliates _2
Transactions with Affiliates (Details) - Schedule of Fees Earned by Managing Owner - The Series of Frontier Funds [Member] - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Frontier Diversified Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Fees Earned by Managing Owner [Line Items] | |||
Incentive (Rebate) Fees | $ (13,788) | ||
Management Fee | |||
Service Fee | 797 | 1,128 | |
Trading Fee | 80,028 | 123,260 | |
Frontier Masters Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Fees Earned by Managing Owner [Line Items] | |||
Incentive (Rebate) Fees | |||
Management Fee | |||
Service Fee | 310 | 563 | 628 |
Trading Fee | 36,622 | 55,575 | 52,957 |
Frontier Long/Short Commodity Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Fees Earned by Managing Owner [Line Items] | |||
Incentive (Rebate) Fees | (5,126) | ||
Management Fee | |||
Service Fee | 164 | 270 | 228 |
Trading Fee | 30,053 | 41,502 | 38,961 |
Frontier Balanced Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Fees Earned by Managing Owner [Line Items] | |||
Incentive (Rebate) Fees | 213,064 | ||
Management Fee | 16,237 | 18,115 | |
Service Fee | 163,312 | 263,174 | |
Trading Fee | 316,070 | 475,553 | |
Frontier Select Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Fees Earned by Managing Owner [Line Items] | |||
Incentive (Rebate) Fees | |||
Management Fee | |||
Service Fee | 30,349 | 53,197 | 46,410 |
Trading Fee | 35,241 | 60,136 | 46,943 |
Frontier Global Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Fees Earned by Managing Owner [Line Items] | |||
Incentive (Rebate) Fees | |||
Management Fee | |||
Service Fee | 53,005 | 84,304 | 76,678 |
Trading Fee | 97,276 | 148,079 | 140,017 |
Frontier Heritage Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Fees Earned by Managing Owner [Line Items] | |||
Incentive (Rebate) Fees | |||
Management Fee | |||
Service Fee | 63,432 | 92,170 | 68,400 |
Trading Fee | $ 105,647 | $ 140,566 | 101,631 |
Frontier Diversified Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Fees Earned by Managing Owner [Line Items] | |||
Incentive (Rebate) Fees | |||
Management Fee | |||
Service Fee | 2,118 | ||
Trading Fee | 125,429 | ||
Frontier Balanced Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Fees Earned by Managing Owner [Line Items] | |||
Incentive (Rebate) Fees | 158,775 | ||
Management Fee | 18,441 | ||
Service Fee | 258,209 | ||
Trading Fee | $ 435,300 |
Transactions with Affiliates _3
Transactions with Affiliates (Details) - Schedule of Fees Payable to Managing Owner - The Series of Frontier Funds [Member] - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Frontier Diversified Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of Fees Payable to Managing Owner [Line Items] | ||
Incentive (Rebate) Fees | ||
Management Fees | ||
Interest Fees | ||
Service Fees | 46 | 85 |
Trading Fees | 4,735 | 9,653 |
Frontier Masters Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of Fees Payable to Managing Owner [Line Items] | ||
Incentive (Rebate) Fees | ||
Management Fees | ||
Interest Fees | ||
Service Fees | 17 | 43 |
Trading Fees | 2,617 | 4,443 |
Frontier Long/Short Commodity Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of Fees Payable to Managing Owner [Line Items] | ||
Incentive (Rebate) Fees | ||
Management Fees | ||
Interest Fees | 40 | 53 |
Service Fees | 8 | 21 |
Trading Fees | 1,896 | 3,447 |
Frontier Balanced Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of Fees Payable to Managing Owner [Line Items] | ||
Incentive (Rebate) Fees | 692 | 692 |
Management Fees | 2,440 | 1,573 |
Interest Fees | 995 | 2,306 |
Service Fees | 8,793 | 16,784 |
Trading Fees | 20,160 | 36,946 |
Frontier Select Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of Fees Payable to Managing Owner [Line Items] | ||
Incentive (Rebate) Fees | ||
Management Fees | ||
Interest Fees | 308 | 342 |
Service Fees | 1,878 | 3,630 |
Trading Fees | 2,305 | 4,454 |
Frontier Global Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of Fees Payable to Managing Owner [Line Items] | ||
Incentive (Rebate) Fees | ||
Management Fees | ||
Interest Fees | 420 | 302 |
Service Fees | 2,704 | 6,437 |
Trading Fees | 5,301 | 12,480 |
Frontier Heritage Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of Fees Payable to Managing Owner [Line Items] | ||
Incentive (Rebate) Fees | ||
Management Fees | ||
Interest Fees | 436 | 447 |
Service Fees | 3,484 | 6,432 |
Trading Fees | $ 6,943 | $ 11,679 |
Transactions with Affiliates _4
Transactions with Affiliates (Details) - Schedule of Interest Paid by Each Series To Managing Owner - The Series of the Frontier Funds [Member] - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Transactions with Affiliates (Details) - Schedule of Interest Paid by Each Series To Managing Owner [Line Items] | |||
Gross Amount Paid to the Managing Owner | $ 23,487 | $ 31,925 | $ 22,353 |
Class 2 [Member] | Frontier Long/Short Commodity Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Interest Paid by Each Series To Managing Owner [Line Items] | |||
Gross Amount Paid to the Managing Owner | $ 15 | $ 17 | $ 22 |
Ratio to Average Net Assets | 0.09% | 0.06% | 0.06% |
Class 2 [Member] | Frontier Balanced Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Interest Paid by Each Series To Managing Owner [Line Items] | |||
Gross Amount Paid to the Managing Owner | $ 2,576 | $ 2,970 | $ 1,749 |
Ratio to Average Net Assets | 0.22% | 0.15% | 0.10% |
Class 2 [Member] | Frontier Select Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Interest Paid by Each Series To Managing Owner [Line Items] | |||
Gross Amount Paid to the Managing Owner | $ 226 | $ 185 | $ 138 |
Ratio to Average Net Assets | 0.39% | 0.20% | 0.18% |
Class 2 [Member] | Frontier Global Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Interest Paid by Each Series To Managing Owner [Line Items] | |||
Gross Amount Paid to the Managing Owner | $ 71 | $ 293 | $ 281 |
Ratio to Average Net Assets | 0.08% | 0.18% | 0.14% |
Class 2 [Member] | Frontier Heritage Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Interest Paid by Each Series To Managing Owner [Line Items] | |||
Gross Amount Paid to the Managing Owner | $ 233 | $ 451 | $ 373 |
Ratio to Average Net Assets | 0.11% | 0.17% | 0.16% |
Class 3 [Member] | Frontier Long/Short Commodity Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Interest Paid by Each Series To Managing Owner [Line Items] | |||
Gross Amount Paid to the Managing Owner | $ 652 | $ 585 | $ 659 |
Ratio to Average Net Assets | 0.08% | 0.05% | 0.06% |
Class 1 [Member] | Frontier Balanced Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Interest Paid by Each Series To Managing Owner [Line Items] | |||
Gross Amount Paid to the Managing Owner | $ 11,521 | $ 13,088 | $ 8,660 |
Ratio to Average Net Assets | 0.22% | 0.15% | 0.10% |
Class 1 [Member] | Frontier Select Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Interest Paid by Each Series To Managing Owner [Line Items] | |||
Gross Amount Paid to the Managing Owner | $ 3,846 | $ 3,556 | $ 2,876 |
Ratio to Average Net Assets | 0.38% | 0.20% | 0.19% |
Class 1 [Member] | Frontier Global Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Interest Paid by Each Series To Managing Owner [Line Items] | |||
Gross Amount Paid to the Managing Owner | $ 1,746 | $ 5,232 | $ 3,665 |
Ratio to Average Net Assets | 0.10% | 0.19% | 0.14% |
Class 1 [Member] | Frontier Heritage Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Interest Paid by Each Series To Managing Owner [Line Items] | |||
Gross Amount Paid to the Managing Owner | $ 2,247 | $ 5,196 | $ 3,669 |
Ratio to Average Net Assets | 0.11% | 0.17% | 0.16% |
Class 1AP [Member] | Frontier Balanced Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Interest Paid by Each Series To Managing Owner [Line Items] | |||
Gross Amount Paid to the Managing Owner | $ 132 | $ 128 | $ 108 |
Ratio to Average Net Assets | 0.22% | 0.15% | 0.11% |
Class 1AP [Member] | Frontier Select Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Interest Paid by Each Series To Managing Owner [Line Items] | |||
Gross Amount Paid to the Managing Owner | $ 32 | $ 29 | $ 20 |
Ratio to Average Net Assets | 0.38% | 0.20% | 0.19% |
Class 1AP [Member] | Frontier Heritage Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Interest Paid by Each Series To Managing Owner [Line Items] | |||
Gross Amount Paid to the Managing Owner | $ 12 | $ 22 | $ 14 |
Ratio to Average Net Assets | 0.11% | 0.17% | 0.16% |
Class 2a [Member] | Frontier Balanced Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Interest Paid by Each Series To Managing Owner [Line Items] | |||
Gross Amount Paid to the Managing Owner | $ 13 | $ 17 | $ 16 |
Ratio to Average Net Assets | 0.05% | 0.03% | 0.02% |
Class 3a [Member] | Frontier Balanced Fund [Member] | |||
Transactions with Affiliates (Details) - Schedule of Interest Paid by Each Series To Managing Owner [Line Items] | |||
Gross Amount Paid to the Managing Owner | $ 165 | $ 156 | $ 103 |
Ratio to Average Net Assets | 0.04% | 0.03% | 0.02% |
Financial Highlights (Details)
Financial Highlights (Details) - Schedule of Financial Highlights - The Series of Frontier Funds [Member] - $ / shares | 12 Months Ended | ||||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||||
Frontier Diversified Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | [1] | ||||||
Net operating results: | |||||||
Net asset value | [1] | ||||||
Ratios to average net assets | |||||||
Incentive fee per share | |||||||
Frontier Masters Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | [1] | ||||||
Net operating results: | |||||||
Net asset value | [1] | ||||||
Ratios to average net assets | |||||||
Incentive fee per share | |||||||
Class 2 [Member] | Frontier Diversified Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | [1] | $ 96.37 | 88.98 | 88.95 | |||
Net operating results: | |||||||
Interest income (expense) | [1] | 0.18 | 0.2 | 0.11 | |||
Expenses | [1] | (3.14) | (3.59) | (3.28) | |||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (25.23) | 10.78 | 3.19 | |||
Net income/(loss) | [1] | (28.19) | 7.39 | 0.03 | |||
Net asset value | [1] | $ 68.18 | $ 96.37 | $ 88.98 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (3.60%) | (3.17%) | (6.54%) | ||||
Expenses before incentive fees | [2],[3] | 3.83% | 3.76% | 6.78% | |||
Expenses after incentive fees | [2],[3] | 3.83% | 3.35% | 6.78% | |||
Total return before incentive fees | [4] | (29.25%) | 7.90% | 0.03% | |||
Total return after incentive fees | [4] | (29.25%) | 8.30% | 0.03% | |||
Incentive fee per share | $ (0.44) | ||||||
Incentive Fee (rebate) to ANA | 0% | (0.41%) | 0% | ||||
Class 2 [Member] | Frontier Masters Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | [1] | $ 94.64 | $ 70.17 | $ 67.54 | |||
Net operating results: | |||||||
Interest income (expense) | [1] | 0.38 | 0.35 | 0.27 | |||
Expenses | [1] | (5.54) | (6.98) | (4.56) | |||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (24.09) | 31.1 | 6.92 | |||
Net income/(loss) | [1] | (29.25) | 24.47 | 2.63 | |||
Net asset value | [1] | $ 65.39 | $ 94.64 | $ 70.17 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (6.49%) | (6.45%) | (11.12%) | ||||
Expenses before incentive fees | [2],[3] | 6.97% | 6.78% | 11.81% | |||
Expenses after incentive fees | [2],[3] | 6.97% | 6.78% | 11.81% | |||
Total return before incentive fees | [4] | (30.91%) | 34.87% | 3.89% | |||
Total return after incentive fees | [4] | (30.91%) | 34.87% | 3.89% | |||
Incentive fee per share | |||||||
Incentive Fee (rebate) to ANA | 0% | 0% | 0% | ||||
Class 2 [Member] | Frontier Long/Short Commodity Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | [1] | $ 109.65 | $ 89.97 | $ 85.99 | |||
Net operating results: | |||||||
Interest income (expense) | [1] | 0.33 | 0.27 | 0.27 | |||
Expenses | [1] | (2.3) | (3.27) | (2.88) | |||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (34.94) | 22.68 | 6.59 | |||
Net income/(loss) | [1] | (36.91) | 19.68 | 3.98 | |||
Net asset value | [1] | $ 72.74 | $ 109.65 | $ 89.97 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (2.11%) | (2.60%) | (5.16%) | ||||
Expenses before incentive fees | [2],[3] | 2.96% | 2.83% | 5.70% | |||
Expenses after incentive fees | [2],[3] | 2.46% | 2.83% | 5.70% | |||
Total return before incentive fees | [4] | (34.16%) | 21.87% | 4.63% | |||
Total return after incentive fees | [4] | (33.66%) | 21.87% | 4.63% | |||
Incentive fee per share | $ (0.47) | ||||||
Incentive Fee (rebate) to ANA | (0.50%) | 0% | 0% | ||||
Class 2 [Member] | Frontier Balanced Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | $ 172.01 | [1] | $ 139.4 | [1] | $ 130.54 | ||
Net operating results: | |||||||
Interest income (expense) | [1] | 0.1 | (0.03) | 0 | |||
Expenses | (6.84) | (11.74) | [1] | (7.92) | [1] | ||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (53.34) | 44.38 | 16.78 | |||
Net income/(loss) | [1] | (60.08) | 32.61 | 8.86 | |||
Net asset value | [1] | $ 111.93 | $ 172.01 | $ 139.4 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (4.85%) | (6.37%) | (9.53%) | ||||
Expenses before incentive fees | [2],[3] | 4.92% | 4.46% | 8.14% | |||
Expenses after incentive fees | [2],[3] | 4.92% | 6.36% | 9.53% | |||
Total return before incentive fees | [4] | (34.93%) | 25.30% | 8.18% | |||
Total return after incentive fees | [4] | (34.93%) | 23.39% | 6.79% | |||
Incentive fee per share | $ 3.51 | $ 2.03 | |||||
Incentive Fee (rebate) to ANA | 0% | 1.90% | 1.39% | ||||
Class 2 [Member] | Frontier Select Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | $ 121.7 | [1] | $ 105.1 | [1] | $ 94.2 | ||
Net operating results: | |||||||
Interest income (expense) | [1] | 0 | 0 | 0 | |||
Expenses | (3.14) | (4.67) | [1] | (2.95) | [1] | ||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (37.64) | 21.27 | 13.86 | |||
Net income/(loss) | [1] | (40.78) | 16.6 | 10.9 | |||
Net asset value | [1] | $ 80.92 | $ 121.7 | $ 105.1 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (3.27%) | (3.21%) | (5.79%) | ||||
Expenses before incentive fees | [2],[3] | 3.27% | 3.21% | 5.79% | |||
Expenses after incentive fees | [2],[3] | 3.27% | 3.21% | 5.79% | |||
Total return before incentive fees | [4] | (33.51%) | 15.79% | 11.57% | |||
Total return after incentive fees | [4] | (33.51%) | 15.79% | 11.57% | |||
Incentive fee per share | |||||||
Incentive Fee (rebate) to ANA | 0% | 0% | 0% | ||||
Class 2 [Member] | Frontier Global Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | [1] | $ 297.25 | $ 170.4 | $ 167.56 | |||
Net operating results: | |||||||
Interest income (expense) | [1] | 0 | 0 | 0 | |||
Expenses | [1] | (13.81) | (13.45) | (8.67) | |||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (60.91) | 140.3 | 11.51 | |||
Net income/(loss) | [1] | (74.72) | 126.85 | 2.84 | |||
Net asset value | [1] | $ 222.53 | $ 297.25 | $ 170.4 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (5.25%) | (5.00%) | (9.73%) | ||||
Expenses before incentive fees | [2],[3] | 5.25% | 5% | 9.73% | |||
Expenses after incentive fees | [2],[3] | 5.25% | 5% | 9.73% | |||
Total return before incentive fees | [4] | (25.14%) | 74.44% | 1.70% | |||
Total return after incentive fees | [4] | (25.14%) | 74.44% | 1.70% | |||
Incentive fee per share | |||||||
Incentive Fee (rebate) to ANA | 0% | 0% | 0% | ||||
Class 2 [Member] | Frontier Heritage Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | [1] | $ 265.55 | $ 172.91 | $ 155.92 | |||
Net operating results: | |||||||
Interest income (expense) | [1] | 0 | 0 | 0 | |||
Expenses | [1] | (10.27) | (11.4) | (7.16) | |||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (66.31) | 104.04 | 24.16 | |||
Net income/(loss) | [1] | (76.58) | 92.64 | 16.99 | |||
Net asset value | [1] | $ 188.97 | $ 265.55 | $ 172.91 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (4.53%) | (4.20%) | (8.18%) | ||||
Expenses before incentive fees | [2],[3] | 4.53% | 4.20% | 8.18% | |||
Expenses after incentive fees | [2],[3] | 4.53% | 4.20% | 8.18% | |||
Total return before incentive fees | [4] | (28.84%) | 53.58% | 10.90% | |||
Total return after incentive fees | [4] | (28.84%) | 53.58% | 10.90% | |||
Incentive fee per share | |||||||
Incentive Fee (rebate) to ANA | 0% | 0% | 0% | ||||
Class 3 [Member] | Frontier Diversified Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | [1] | $ 90.72 | $ 83.56 | $ 83.33 | |||
Net operating results: | |||||||
Interest income (expense) | [1] | 0.17 | 0.19 | 0.11 | |||
Expenses | [1] | (2.96) | (3.37) | (3.17) | |||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (23.58) | 10.34 | 3.28 | |||
Net income/(loss) | [1] | (26.37) | 7.16 | 0.23 | |||
Net asset value | [1] | $ 64.35 | $ 90.72 | $ 83.56 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (3.60%) | (3.17%) | (6.54%) | ||||
Expenses before incentive fees | [2],[3] | 3.83% | 3.76% | 6.78% | |||
Expenses after incentive fees | [2],[3] | 3.83% | 3.35% | 6.78% | |||
Total return before incentive fees | [4] | (29.07%) | 8.17% | 0.28% | |||
Total return after incentive fees | [4] | (29.07%) | 8.57% | 0.28% | |||
Incentive fee per share | $ (0.41) | ||||||
Incentive Fee (rebate) to ANA | 0% | (0.41%) | 0% | ||||
Class 3 [Member] | Frontier Masters Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | [1] | $ 89.45 | $ 66.15 | $ 63.52 | |||
Net operating results: | |||||||
Interest income (expense) | [1] | 0.36 | 0.33 | 0.25 | |||
Expenses | [1] | (5.2) | (6.55) | (4.28) | |||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (22.65) | 29.52 | 6.66 | |||
Net income/(loss) | [1] | (27.49) | 23.3 | 2.63 | |||
Net asset value | [1] | $ 61.96 | $ 89.45 | $ 66.15 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (6.49%) | (6.45%) | (11.12%) | ||||
Expenses before incentive fees | [2],[3] | 6.97% | 6.78% | 11.81% | |||
Expenses after incentive fees | [2],[3] | 6.97% | 6.78% | 11.81% | |||
Total return before incentive fees | [4] | (30.74%) | 35.22% | 4.14% | |||
Total return after incentive fees | [4] | (30.74%) | 35.22% | 4.14% | |||
Incentive fee per share | |||||||
Incentive Fee (rebate) to ANA | 0% | 0% | 0% | ||||
Class 3 [Member] | Frontier Long/Short Commodity Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | [1] | $ 115.03 | $ 94.38 | $ 90.21 | |||
Net operating results: | |||||||
Interest income (expense) | [1] | 0.34 | 0.28 | 0.27 | |||
Expenses | [1] | (2.35) | (3.42) | (2.85) | |||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (36.71) | 23.79 | 6.75 | |||
Net income/(loss) | [1] | (38.72) | 20.65 | 4.17 | |||
Net asset value | [1] | $ 76.31 | $ 115.03 | $ 94.38 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (2.11%) | (2.60%) | (5.16%) | ||||
Expenses before incentive fees | [2],[3] | 2.96% | 2.83% | 5.70% | |||
Expenses after incentive fees | [2],[3] | 2.46% | 2.83% | 5.70% | |||
Total return before incentive fees | [4] | (34.16%) | 21.87% | 4.63% | |||
Total return after incentive fees | [4] | (33.66%) | 21.87% | 4.63% | |||
Incentive fee per share | $ (0.48) | ||||||
Incentive Fee (rebate) to ANA | (0.50%) | 0% | 0% | ||||
Class 2a [Member] | Frontier Long/Short Commodity Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | [1] | $ 71.93 | $ 58.75 | $ 55.29 | |||
Net operating results: | |||||||
Interest income (expense) | [1] | 0.22 | 0.17 | 0.17 | |||
Expenses | [1] | (1.5) | (2.14) | (1.74) | |||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (22.29) | 15.15 | 5.04 | |||
Net income/(loss) | [1] | (23.57) | 13.18 | 3.46 | |||
Net asset value | [1] | $ 48.36 | $ 71.93 | $ 58.75 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (2.11%) | (2.60%) | (5.16%) | ||||
Expenses before incentive fees | [2],[3] | 2.96% | 2.83% | 5.70% | |||
Expenses after incentive fees | [2],[3] | 2.46% | 2.83% | 5.70% | |||
Total return before incentive fees | [4] | (33.27%) | 22.43% | 6.25% | |||
Total return after incentive fees | [4] | (32.77%) | 22.43% | 6.25% | |||
Incentive fee per share | $ (0.3) | ||||||
Incentive Fee (rebate) to ANA | (0.50%) | 0% | 0% | ||||
Class 2a [Member] | Frontier Balanced Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | $ 149.47 | [1] | $ 120.98 | [1] | $ 113.2 | ||
Net operating results: | |||||||
Interest income (expense) | [1] | 0.08 | (0.02) | 0 | |||
Expenses | (5.98) | (10.13) | [1] | (7.83) | [1] | ||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (46.13) | 38.64 | 15.61 | |||
Net income/(loss) | [1] | (52.03) | 28.49 | 7.78 | |||
Net asset value | [1] | $ 97.44 | $ 149.47 | $ 120.98 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (4.85%) | (6.37%) | (9.53%) | ||||
Expenses before incentive fees | [2],[3] | 4.92% | 4.46% | 8.14% | |||
Expenses after incentive fees | [2],[3] | 4.92% | 6.36% | 9.53% | |||
Total return before incentive fees | [4] | (34.81%) | 25.45% | 8.27% | |||
Total return after incentive fees | [4] | (34.81%) | 23.55% | 6.87% | |||
Incentive fee per share | $ 3.03 | $ 2.01 | |||||
Incentive Fee (rebate) to ANA | 0% | 1.90% | 1.39% | ||||
Class 3a [Member] | Frontier Long/Short Commodity Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | [1] | $ 76.29 | $ 62.16 | $ 58.37 | |||
Net operating results: | |||||||
Interest income (expense) | [1] | 0.23 | 0.19 | 0.17 | |||
Expenses | [1] | (1.58) | (2.27) | (1.84) | |||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (23.52) | 16.21 | 5.45 | |||
Net income/(loss) | [1] | (24.87) | 14.13 | 3.79 | |||
Net asset value | [1] | $ 51.42 | $ 76.29 | $ 62.16 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (2.11%) | (2.60%) | (5.16%) | ||||
Expenses before incentive fees | [2],[3] | 3.06% | 2.83% | 5.70% | |||
Expenses after incentive fees | [2],[3] | 2.46% | 2.83% | 5.70% | |||
Total return before incentive fees | [4] | (33.20%) | 22.74% | 6.49% | |||
Total return after incentive fees | [4] | (32.60%) | 22.74% | 6.49% | |||
Incentive fee per share | $ (0.39) | ||||||
Incentive Fee (rebate) to ANA | (0.60%) | 0% | 0% | ||||
Class 3a [Member] | Frontier Balanced Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | $ 148.96 | [1] | $ 120.57 | [1] | $ 112.81 | ||
Net operating results: | |||||||
Interest income (expense) | [1] | 0.08 | (0.02) | 0 | |||
Expenses | (5.91) | (10.17) | [1] | (6.75) | [1] | ||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (46.03) | 38.58 | 14.51 | |||
Net income/(loss) | [1] | (51.86) | 28.39 | 7.76 | |||
Net asset value | [1] | $ 97.1 | $ 148.96 | $ 120.57 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (4.85%) | (6.37%) | (9.53%) | ||||
Expenses before incentive fees | [2],[3] | 4.92% | 4.46% | 8.14% | |||
Expenses after incentive fees | [2],[3] | 4.92% | 6.36% | 9.53% | |||
Total return before incentive fees | [4] | (34.81%) | 25.45% | 8.27% | |||
Total return after incentive fees | [4] | (34.81%) | 23.54% | 6.88% | |||
Incentive fee per share | $ 3.04 | $ 1.74 | |||||
Incentive Fee (rebate) to ANA | 0% | 1.90% | 1.39% | ||||
Class 1 [Member] | Frontier Diversified Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | [1] | [5] | $ 72.68 | ||||
Net operating results: | |||||||
Interest income (expense) | [1] | 0.09 | |||||
Expenses | [1] | (4.32) | |||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (68.45) | |||||
Net income/(loss) | [1],[5] | (72.68) | |||||
Net asset value | [1],[5] | ||||||
Ratios to average net assets | |||||||
Net investment income/(loss) | (10.83%) | ||||||
Expenses before incentive fees | [2],[3] | 11.07% | |||||
Expenses after incentive fees | [2],[3] | 11.07% | |||||
Total return before incentive fees | [4],[5] | 5.06% | |||||
Total return after incentive fees | [4],[5] | 5.06% | |||||
Incentive fee per share | |||||||
Incentive Fee (rebate) to ANA | 0% | ||||||
Class 1 [Member] | Frontier Masters Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | [1] | [5] | $ 55.18 | ||||
Net operating results: | |||||||
Interest income (expense) | [1] | 0.19 | |||||
Expenses | [1] | (6.89) | |||||
Net gain/(loss) on investments, net of non-controlling interests | [1],[5] | (48.48) | |||||
Net income/(loss) | [1],[5] | (55.18) | |||||
Net asset value | [1],[5] | ||||||
Ratios to average net assets | |||||||
Net investment income/(loss) | (24.03%) | ||||||
Expenses before incentive fees | [2],[3] | 24.71% | |||||
Expenses after incentive fees | [2],[3] | 24.71% | |||||
Total return before incentive fees | [4],[5] | 4.59% | |||||
Total return after incentive fees | [4],[5] | 4.59% | |||||
Incentive fee per share | |||||||
Incentive Fee (rebate) to ANA | 0% | ||||||
Class 1 [Member] | Frontier Balanced Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | $ 99.17 | [1] | 82.82 | [1] | $ 79.93 | ||
Net operating results: | |||||||
Interest income (expense) | [1] | 0.05 | (0.02) | 0 | |||
Expenses | (6.34) | (10.14) | [1] | (7.39) | [1] | ||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (30.25) | 26.51 | 10.28 | |||
Net income/(loss) | [1] | (36.54) | 16.35 | 2.89 | |||
Net asset value | [1] | $ 62.63 | $ 99.17 | $ 82.82 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (7.96%) | (9.43%) | (15.38%) | ||||
Expenses before incentive fees | [2],[3] | 8.03% | 7.51% | 13.99% | |||
Expenses after incentive fees | [2],[3] | 8.03% | 9.42% | 15.38% | |||
Total return before incentive fees | [4] | (36.85%) | 21.65% | 5.01% | |||
Total return after incentive fees | [4] | (36.85%) | 19.75% | 3.61% | |||
Incentive fee per share | $ 2.05 | $ 1.24 | |||||
Incentive Fee (rebate) to ANA | 0% | 1.90% | 1.39% | ||||
Class 1 [Member] | Frontier Select Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | $ 71.23 | [1] | $ 63.39 | [1] | $ 58.55 | ||
Net operating results: | |||||||
Interest income (expense) | [1] | 0 | 0 | 0 | |||
Expenses | (3.5) | (5.39) | [1] | (3.87) | [1] | ||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (21.76) | 13.23 | 8.71 | |||
Net income/(loss) | [1] | (25.26) | 7.84 | 4.84 | |||
Net asset value | [1] | $ 45.97 | $ 71.23 | $ 63.39 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (6.26%) | (6.21%) | (11.80%) | ||||
Expenses before incentive fees | [2],[3] | 6.26% | 6.21% | 11.80% | |||
Expenses after incentive fees | [2],[3] | 6.26% | 6.21% | 11.80% | |||
Total return before incentive fees | [4] | (35.47%) | 12.37% | 8.27% | |||
Total return after incentive fees | [4] | (35.47%) | 12.37% | 8.27% | |||
Incentive fee per share | |||||||
Incentive Fee (rebate) to ANA | 0% | 0% | 0% | ||||
Class 1 [Member] | Frontier Global Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | [1] | $ 185.27 | $ 109.45 | $ 110.9 | |||
Net operating results: | |||||||
Interest income (expense) | [1] | 0 | 0 | 0 | |||
Expenses | [1] | (13.3) | (14.39) | (9.45) | |||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (37.37) | 90.21 | 8 | |||
Net income/(loss) | [1] | (50.67) | 75.82 | (1.45) | |||
Net asset value | [1] | $ 134.6 | $ 185.27 | $ 109.45 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (8.25%) | (8.01%) | (15.46%) | ||||
Expenses before incentive fees | [2],[3] | 8.25% | 8.01% | 15.46% | |||
Expenses after incentive fees | [2],[3] | 8.25% | 8.01% | 15.46% | |||
Total return before incentive fees | [4] | (27.35%) | 69.28% | (1.31%) | |||
Total return after incentive fees | [4] | (27.35%) | 69.28% | (1.31%) | |||
Incentive fee per share | |||||||
Incentive Fee (rebate) to ANA | 0% | 0% | 0% | ||||
Class 1 [Member] | Frontier Heritage Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | [1] | $ 154.14 | $ 103.43 | $ 96.1 | |||
Net operating results: | |||||||
Interest income (expense) | [1] | 0 | 0 | 0 | |||
Expenses | [1] | (9.8) | (11.6) | (7.58) | |||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (37.89) | 62.31 | 14.91 | |||
Net income/(loss) | [1] | (47.69) | 50.71 | 7.33 | |||
Net asset value | [1] | $ 106.45 | $ 154.14 | $ 103.43 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (7.53%) | (7.21%) | (14.26%) | ||||
Expenses before incentive fees | [2],[3] | 7.53% | 7.21% | 14.26% | |||
Expenses after incentive fees | [2],[3] | 7.53% | 7.21% | 14.26% | |||
Total return before incentive fees | [4] | (30.94%) | 49.03% | 7.62% | |||
Total return after incentive fees | [4] | (30.94%) | 49.03% | 7.62% | |||
Incentive fee per share | |||||||
Incentive Fee (rebate) to ANA | 0% | 0% | 0% | ||||
Class 1AP [Member] | Frontier Balanced Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | $ 127.56 | [1] | $ 103.38 | [1] | $ 96.81 | ||
Net operating results: | |||||||
Interest income (expense) | [1] | 0.07 | (0.02) | 0 | |||
Expenses | (5.04) | (8.7) | [1] | (6.4) | [1] | ||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (39.58) | 32.9 | 12.97 | |||
Net income/(loss) | [1] | (44.55) | 24.18 | 6.57 | |||
Net asset value | [1] | $ 83.01 | $ 127.56 | $ 103.38 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (4.85%) | (6.37%) | (9.53%) | ||||
Expenses before incentive fees | [2],[3] | 4.92% | 4.46% | 8.14% | |||
Expenses after incentive fees | [2],[3] | 4.92% | 6.36% | 9.53% | |||
Total return before incentive fees | [4] | (34.93%) | 25.29% | 8.18% | |||
Total return after incentive fees | [4] | (34.93%) | 23.39% | 6.79% | |||
Incentive fee per share | $ 2.6 | $ 1.64 | |||||
Incentive Fee (rebate) to ANA | 0% | 1.90% | 1.39% | ||||
Class 1AP [Member] | Frontier Select Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | $ 91.71 | [1] | $ 79.21 | [1] | $ 70.99 | ||
Net operating results: | |||||||
Interest income (expense) | [1] | 0 | 0 | 0 | |||
Expenses | (2.37) | (3.54) | [1] | (2.22) | [1] | ||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (28.36) | 16.04 | 10.44 | |||
Net income/(loss) | [1] | (30.73) | 12.5 | 8.22 | |||
Net asset value | [1] | $ 60.98 | $ 91.71 | $ 79.21 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (3.27%) | (3.21%) | (5.79%) | ||||
Expenses before incentive fees | [2],[3] | 3.27% | 3.21% | 5.79% | |||
Expenses after incentive fees | [2],[3] | 3.27% | 3.21% | 5.79% | |||
Total return before incentive fees | [4] | (33.50%) | 15.78% | 11.58% | |||
Total return after incentive fees | [4] | (33.50%) | 15.78% | 11.58% | |||
Incentive fee per share | |||||||
Incentive Fee (rebate) to ANA | 0% | 0% | 0% | ||||
Class 1AP [Member] | Frontier Heritage Fund [Member] | |||||||
Per unit operating performance (1) | |||||||
Net asset value | [1] | $ 198.42 | $ 129.19 | $ 116.5 | |||
Net operating results: | |||||||
Interest income (expense) | [1] | 0 | 0 | 0 | |||
Expenses | [1] | (7.67) | (8.62) | (5.34) | |||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (49.55) | 77.85 | 18.03 | |||
Net income/(loss) | [1] | (57.22) | 69.23 | 12.69 | |||
Net asset value | [1] | $ 141.2 | $ 198.42 | $ 129.19 | |||
Ratios to average net assets | |||||||
Net investment income/(loss) | (4.53%) | (4.20%) | (8.18%) | ||||
Expenses before incentive fees | [2],[3] | 4.53% | 4.20% | 8.18% | |||
Expenses after incentive fees | [2],[3] | 4.53% | 4.20% | 8.18% | |||
Total return before incentive fees | [4] | (28.84%) | 53.59% | 10.89% | |||
Total return after incentive fees | [4] | (28.84%) | 53.59% | 10.89% | |||
Incentive fee per share | |||||||
Incentive Fee (rebate) to ANA | 0% | 0% | 0% | ||||
[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. Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the consolidated Statements of Operations of the Series, see footnote 6. Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. |
Derivative Instruments and He_3
Derivative Instruments and Hedging Activities (Details) - Frontier Funds [Member] - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Derivative Instruments and Hedging Activities [Line Items] | |||
Monthly average of forwards, options and futures contracts bought | $ 324 | $ 296 | $ 652 |
Monthly average of forwards, options and futures contracts sold | $ 323 | $ 295 | $ 654 |
Minimum [Member] | |||
Derivative Instruments and Hedging Activities [Line Items] | |||
Percentage of embedded management fees | 1% | ||
Percentage of fair value of swaps and embedded incentive fees | 15% | ||
Maximum [Member] | |||
Derivative Instruments and Hedging Activities [Line Items] | |||
Percentage of embedded management fees | 1.50% | ||
Percentage of fair value of swaps and embedded incentive fees | 25% |
Derivative Instruments and He_4
Derivative Instruments and Hedging Activities (Details) - Schedule of Monthly Average Contracts | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Schedule of Monthly Average Contracts [Abstract] | |||
Frontier Balanced Fund Bought | 324 | 296 | 652 |
Frontier Balanced Fund Sold | 323 | 295 | 654 |
Derivative Instruments and He_5
Derivative Instruments and Hedging Activities (Details) - Schedule of Realized Trading Revenue from Futures, Forwards and Options - Realized Trading Revenue from Futures, Forwards and Options [Member] - The Series of Frontier Funds [Member] - Frontier Balanced Fund [Member] - USD ($) | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Schedule of Realized Trading Revenue from Futures, Forwards and Options [Line Items] | ||||
Realized trading income/(loss) | [1] | $ (322,226) | $ 807,627 | $ 872,699 |
Agriculturals [Member] | ||||
Schedule of Realized Trading Revenue from Futures, Forwards and Options [Line Items] | ||||
Realized trading income/(loss) | 128,298 | (385,424) | 191,851 | |
Currencies [Member] | ||||
Schedule of Realized Trading Revenue from Futures, Forwards and Options [Line Items] | ||||
Realized trading income/(loss) | (137,759) | 683,628 | 96,075 | |
Energies [Member] | ||||
Schedule of Realized Trading Revenue from Futures, Forwards and Options [Line Items] | ||||
Realized trading income/(loss) | 1,270 | 94,910 | 148,710 | |
Interest rates [Member] | ||||
Schedule of Realized Trading Revenue from Futures, Forwards and Options [Line Items] | ||||
Realized trading income/(loss) | (103,008) | 230,542 | 108,590 | |
Metals [Member] | ||||
Schedule of Realized Trading Revenue from Futures, Forwards and Options [Line Items] | ||||
Realized trading income/(loss) | 20,799 | (115,239) | 123,350 | |
Stock indices [Member] | ||||
Schedule of Realized Trading Revenue from Futures, Forwards and Options [Line Items] | ||||
Realized trading income/(loss) | $ (231,826) | $ 299,210 | $ 204,123 | |
[1]Amounts recorded in the consolidated statements of operations under net realized gain(loss) on futures forwards and options. |
Derivative Instruments and He_6
Derivative Instruments and Hedging Activities (Details) - Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options - Unrealized Trading Revenue from Futures, Forwards and Options [Member] - The Series of Frontier Funds [Member] - Frontier Balanced Fund [Member] - USD ($) | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options [Line Items] | ||||
Change in unrealized trading income/(loss) | [1] | $ (16,104) | $ (13,166) | $ (89,306) |
Agriculturals [Member] | ||||
Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options [Line Items] | ||||
Change in unrealized trading income/(loss) | 2,242 | 187,295 | (13,842) | |
Currencies [Member] | ||||
Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options [Line Items] | ||||
Change in unrealized trading income/(loss) | 501 | (252,215) | 11,977 | |
Interest rates [Member] | ||||
Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options [Line Items] | ||||
Change in unrealized trading income/(loss) | 9,393 | (108,413) | (37,684) | |
Metals [Member] | ||||
Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options [Line Items] | ||||
Change in unrealized trading income/(loss) | (28,346) | 98,894 | (28,136) | |
Stock indices [Member] | ||||
Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options [Line Items] | ||||
Change in unrealized trading income/(loss) | $ 106 | 13,328 | (7,461) | |
Energies [Member] | ||||
Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options [Line Items] | ||||
Change in unrealized trading income/(loss) | $ 47,945 | $ (14,160) | ||
[1]Amounts recorded in the consolidated statements of operations under net change in open trade equity/(deficit) |
Derivative Instruments and He_7
Derivative Instruments and Hedging Activities (Details) - Schedule of Gross and Net Information about the Trusts' Assets and Liabilities - Open Trade Equity/(Deficit) [Member] - The Series of the Frontier Funds [Member] - Frontier Balanced Fund [Member] - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Frontier Balanced Fund | ||
Gross Amounts of recognized Derivative Assets/ Liabilities | $ 14,434 | $ 3,438 |
Gross Amounts offset in the Statements of Financial Condition | (28,868) | (1,768) |
Net Amounts Presented in the Statements of Financial Condition | $ (14,434) | $ 1,670 |
Trading Activities and Relate_2
Trading Activities and Related Risks (Details) | 12 Months Ended |
Dec. 31, 2023 | |
The Series of Frontier Funds [Member] | |
Trading Activities and Related Risks [Line Items] | |
Expected loss | 100% |
Margin to equity | 35% |
Frontier Funds [Member] | |
Trading Activities and Related Risks [Line Items] | |
Margin to equity | 35% |
Trading loss percentage | 100% |
Subsequent Events (Details)
Subsequent Events (Details) | 3 Months Ended |
Mar. 26, 2024 USD ($) | |
Subsequent Event [Member] | |
Subsequent Event [Line Items] | |
Redemptions payable | $ 689,390 |
Subsequent Event [Member] | Frontier Balanced Fund [Member] | |
Subsequent Event [Line Items] | |
Redemptions payable | 257,210 |
Subsequent Event [Member] | Frontier Diversified Fund [Member] | |
Subsequent Event [Line Items] | |
Redemptions payable | 245,299 |
Subsequent Event [Member] | Frontier Heritage Fund [Member] | |
Subsequent Event [Line Items] | |
Redemptions payable | 130,094 |
Subsequent Event [Member] | Frontier Long/Short Commodity Fund [Member] | |
Subsequent Event [Line Items] | |
Redemptions payable | 19,726 |
Subsequent Event [Member] | Frontier Masters Fund [Member] | |
Subsequent Event [Line Items] | |
Redemptions payable | 830 |
Subsequent Event [Member] | Frontier Select Fund [Member] | |
Subsequent Event [Line Items] | |
Redemptions payable | 31,624 |
Subsequent Event [Member] | Frontier Global Fund [Member] | |
Subsequent Event [Line Items] | |
Redemptions payable | $ 4,607 |
Fair Value Measurements (Deta_3
Fair Value Measurements (Details) - Schedule of Valuation Inputs Within the Fair Value Hierarchy Utilized to Measure Fair Value - Frontier Funds [Member] - Fair Value, Recurring [Member] - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Fair Value Measurements (Details) - Schedule of Valuation Inputs Within the Fair Value Hierarchy Utilized to Measure Fair Value [Line Items] | ||
Open Trade Equity (Deficit) | $ (14,434) | $ 1,670 |
U.S. Treasury Securities | 37,939 | 389,520 |
Level 1 Inputs [Member] | ||
Fair Value Measurements (Details) - Schedule of Valuation Inputs Within the Fair Value Hierarchy Utilized to Measure Fair Value [Line Items] | ||
Open Trade Equity (Deficit) | (14,434) | 1,670 |
U.S. Treasury Securities | 37,939 | 389,520 |
Level 2 Inputs [Member] | ||
Fair Value Measurements (Details) - Schedule of Valuation Inputs Within the Fair Value Hierarchy Utilized to Measure Fair Value [Line Items] | ||
Open Trade Equity (Deficit) | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | ||
Fair Value Measurements (Details) - Schedule of Valuation Inputs Within the Fair Value Hierarchy Utilized to Measure Fair Value [Line Items] | ||
Open Trade Equity (Deficit) | ||
U.S. Treasury Securities |
Investments in Private Investme
Investments in Private Investment Companies (Details) - Schedule of Private Investment Companies Have Certain Redemption and Liquidity Restrictions - Frontier Funds [Member] | 12 Months Ended |
Dec. 31, 2023 | |
Multi-Strategy [Member] | Galaxy Plus Fund - LRR Feeder Fund (552) LLC) [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | ‣ Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Financial Highlights (Details_2
Financial Highlights (Details) - Schedule of Financial Highlights of Trust - Frontier Funds [Member] | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Ratios to average net assets (1) | ||||
Net investment income/(loss) | [1] | (6.37%) | (7.17%) | (6.69%) |
Expenses before incentive fees (rebate) | [2] | (6.50%) | (6.40%) | (6.06%) |
Expenses after incentive fees (rebate) | [2] | (6.47%) | (7.21%) | (6.74%) |
Total return before incentive fees (rebate) | [3] | (40.44%) | 24.27% | 5.32% |
Total return after incentive fees (rebate) | [3] | (40.41%) | 23.46% | 4.65% |
[1] Annualized with the exception of incentive fees. Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Consolidated Statements of Operations of the Trust. See footnote 6. Total returns are not annualized. |
Derivative Instruments and He_8
Derivative Instruments and Hedging Activities (Details) - Schedule of Realized Trading Revenue from Futures, Forwards and Options - Trading Revenue [Member] - USD ($) | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized trading income/(loss) | [1] | $ (322,226) | $ 807,627 | $ 872,699 |
Agriculturals [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized trading income/(loss) | 128,298 | (385,424) | 191,851 | |
Currencies [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized trading income/(loss) | (137,759) | 683,628 | 96,075 | |
Energies [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized trading income/(loss) | 1,270 | 94,910 | 148,710 | |
Interest rates [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized trading income/(loss) | (103,008) | 230,542 | 108,590 | |
Metals [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized trading income/(loss) | 20,799 | (115,239) | 123,350 | |
Stock indices [Member] | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||
Realized trading income/(loss) | $ (231,826) | $ 299,210 | $ 204,123 | |
[1] Amounts recorded in the combined consolidated statements of operations under Net realized gain(loss) on futures forwards and options. |
Derivative Instruments and He_9
Derivative Instruments and Hedging Activities (Details) - Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options - Net Change in Open Trade Equity from Futures, Forwards and Options [Member] - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Derivative Instruments and Hedging Activities (Details) - Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options [Line Items] | |||
Change in unrealized trading income/(loss) | $ (16,104) | $ (13,166) | $ (89,306) |
Agriculturals [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options [Line Items] | |||
Change in unrealized trading income/(loss) | 2,242 | 187,295 | (28,136) |
Currencies [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options [Line Items] | |||
Change in unrealized trading income/(loss) | 501 | (252,215) | 11,977 |
Interest rates [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options [Line Items] | |||
Change in unrealized trading income/(loss) | 9,393 | (108,413) | (37,684) |
Metals [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options [Line Items] | |||
Change in unrealized trading income/(loss) | (28,346) | 98,894 | (13,842) |
Stock indices [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options [Line Items] | |||
Change in unrealized trading income/(loss) | $ 106 | 13,328 | (7,461) |
Energies [Member] | |||
Derivative Instruments and Hedging Activities (Details) - Schedule of Net Change in Open Trade Equity from Futures, Forwards and Options [Line Items] | |||
Change in unrealized trading income/(loss) | $ 47,945 | $ (14,160) |
Derivative Instruments and H_10
Derivative Instruments and Hedging Activities (Details) - Schedule of Gross and Net Information about the Trust's Assets and Liabilities - Frontier Funds [Member] - Open Trade Equity/(Deficit) [Member] - USD ($) | Dec. 31, 2023 | Dec. 31, 2022 |
Schedule of Gross and Net Information about the Trust's Assets and Liabilities [Line Items] | ||
Gross Amounts of recognized Derivative Assets/Liabilities | $ 14,434 | $ 3,438 |
Gross Amounts offset in the Statements of Financial Condition | (28,868) | (1,768) |
Net Amounts Presented in the Statements of Financial Condition | $ (14,434) | $ 1,670 |