Document and Entity Information
Document and Entity Information | 3 Months Ended |
Mar. 31, 2016shares | |
Document And Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2016 |
Document Fiscal Year Focus | 2,016 |
Document Fiscal Period Focus | Q1 |
Trading Symbol | FRFD |
Entity Registrant Name | Equinox Frontier Funds |
Entity Central Index Key | 1,261,379 |
Current Fiscal Year End Date | --12-31 |
Entity Filer Category | Non-accelerated Filer |
Entity Common Stock, Shares Outstanding | 0 |
Statements of Financial Conditi
Statements of Financial Condition - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
ASSETS | ||
Cash and cash equivalents | $ 1,628,626 | $ 13,975,625 |
U.S. Treasury securities, at fair value | 137,324,374 | 117,478,438 |
Receivable from futures commission merchants | 73,384,641 | 72,731,570 |
Options purchased, at fair value | 216,150 | 526,288 |
Swap contracts, at fair value | 37,515,643 | 40,136,065 |
Prepaid service fees | 12,787 | 24,251 |
Interest receivable | 811,567 | 2,039,516 |
Receivable from related parties | 2,533 | 3,120 |
Other assets | 17 | |
Total Assets | 250,896,321 | 246,914,890 |
LIABILITIES | ||
Open trade deficit, at fair value | 64,871 | 4,348,870 |
Written options, at fair value | 205,350 | 165,760 |
Pending owner additions | 38,123 | 36,462 |
Owner redemptions payable | 236,989 | 612,170 |
Incentive fees payable to Managing Owner | 2,349,607 | 382,136 |
Management fees payable to Managing Owner | 395,760 | 402,943 |
Interest payable to Managing Owner | 188,358 | 162,121 |
Trading fees payable to Managing Owner | 289,602 | 282,522 |
Service fees payable to Managing Owner | 270,978 | 273,856 |
Payables to related parties | 63,014 | 63,744 |
Other liabilities | 26 | 7 |
Total Liabilities | 4,102,678 | 6,730,591 |
Managing Owner Units | 5,980,715 | 5,798,155 |
Limited Owner Units | 240,812,928 | 234,386,144 |
Total Capital | 246,793,643 | 240,184,299 |
Total Liabilities and Capital | 250,896,321 | 246,914,890 |
Managing Owner [Member] | ||
LIABILITIES | ||
Total Capital | 5,980,715 | 5,798,155 |
Limited Owners [Member] | ||
LIABILITIES | ||
Total Capital | 240,812,928 | 234,386,144 |
Equinox Frontier Diversified Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 453,012 | 3,283,973 |
U.S. Treasury securities, at fair value | 38,197,594 | 27,604,916 |
Swap contracts, at fair value | 7,445,618 | 8,685,849 |
Investments in unconsolidated trading companies, at fair value | 15,075,020 | 16,094,207 |
Interest receivable | 225,371 | 479,142 |
Total Assets | 61,409,004 | 56,164,247 |
LIABILITIES | ||
Options written, at fair value | 0 | 0 |
Pending owner additions | 1,553 | 1,524 |
Owner redemptions payable | 8,721 | 9,030 |
Incentive fees payable to Managing Owner | 921,036 | 204,914 |
Management fees payable to Managing Owner | 79,795 | 81,940 |
Interest payable to Managing Owner | 14,303 | 11,661 |
Trading fees payable to Managing Owner | 129,791 | 121,065 |
Service fees payable to Managing Owner | 13,646 | 17,020 |
Payables to related parties | 1,314 | 2,126 |
Other liabilities | 1 | |
Total Liabilities | 1,170,159 | 449,281 |
Total Capital | 60,238,845 | 55,714,966 |
Total Liabilities and Capital | 61,409,004 | 56,164,247 |
Total Owners' Capital | $ 60,238,845 | $ 55,714,966 |
Equinox Frontier Diversified Fund [Member] | Total Owner Class 1 [Member] | ||
Units Outstanding | 74,988 | 102,269 |
Net Asset Value per Unit | $ 118.43 | $ 115.52 |
ASSETS | ||
Prepaid service fees | $ 12,389 | $ 16,160 |
Equinox Frontier Diversified Fund [Member] | Total Owner Class 2 [Member] | ||
Units Outstanding | 291,203 | 267,240 |
Net Asset Value per Unit | $ 133.44 | $ 129.60 |
Equinox Frontier Diversified Fund [Member] | Total Owner Class 3 [Member] | ||
Units Outstanding | 101,223 | 77,316 |
Net Asset Value per Unit | $ 123.50 | $ 119.87 |
Equinox Frontier Diversified Fund [Member] | Managing Owner [Member] | Class 2 [Member] | ||
Units Outstanding | 20,188 | 20,188 |
LIABILITIES | ||
Managing Owner Units | $ 2,693,806 | $ 2,616,258 |
Total Capital | $ 2,693,806 | $ 2,616,258 |
Equinox Frontier Diversified Fund [Member] | Managing Owner [Member] | Class 3 [Member] | ||
Units Outstanding | 275 | 275 |
LIABILITIES | ||
Managing Owner Units | $ 33,962 | $ 32,964 |
Total Capital | $ 33,962 | $ 32,964 |
Equinox Frontier Diversified Fund [Member] | Limited Owners [Member] | Class 1 [Member] | ||
Units Outstanding | 74,988 | 102,269 |
LIABILITIES | ||
Limited Owner Units | $ 8,880,778 | $ 11,814,234 |
Total Capital | $ 8,880,778 | $ 11,814,234 |
Equinox Frontier Diversified Fund [Member] | Limited Owners [Member] | Class 2 [Member] | ||
Units Outstanding | 271,015 | 247,052 |
LIABILITIES | ||
Limited Owner Units | $ 36,163,467 | $ 32,016,842 |
Total Capital | $ 36,163,467 | $ 32,016,842 |
Equinox Frontier Diversified Fund [Member] | Limited Owners [Member] | Class 3 [Member] | ||
Units Outstanding | 100,948 | 77,041 |
LIABILITIES | ||
Limited Owner Units | $ 12,466,832 | $ 9,234,668 |
Total Capital | 12,466,832 | 9,234,668 |
Equinox Frontier Masters Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 133,757 | 1,421,994 |
U.S. Treasury securities, at fair value | 11,278,168 | 11,953,206 |
Investments in unconsolidated trading companies, at fair value | 10,817,048 | 9,409,930 |
Interest receivable | 66,543 | 207,473 |
Receivable from related parties | 6,158 | 1,670 |
Total Assets | 22,301,674 | 23,001,628 |
LIABILITIES | ||
Options written, at fair value | 0 | 0 |
Pending owner additions | 1,333 | 1,290 |
Owner redemptions payable | 117,578 | 9,558 |
Incentive fees payable to Managing Owner | 226,228 | 42,251 |
Management fees payable to Managing Owner | 53,706 | 54,674 |
Interest payable to Managing Owner | 4,776 | 4,957 |
Trading fees payable to Managing Owner | 46,225 | 48,501 |
Service fees payable to Managing Owner | 11,025 | 12,098 |
Other liabilities | 27 | |
Total Liabilities | 460,898 | 173,329 |
Total Capital | 21,840,776 | 22,828,299 |
Total Liabilities and Capital | 22,301,674 | 23,001,628 |
Total Owners' Capital | $ 21,840,776 | $ 22,828,299 |
Equinox Frontier Masters Fund [Member] | Total Owner Class 1 [Member] | ||
Units Outstanding | 61,804 | 73,747 |
Net Asset Value per Unit | $ 119.01 | $ 112.87 |
ASSETS | ||
Prepaid service fees | $ 7,355 | |
Equinox Frontier Masters Fund [Member] | Total Owner Class 2 [Member] | ||
Units Outstanding | 56,784 | 62,347 |
Net Asset Value per Unit | $ 134.07 | $ 126.60 |
Equinox Frontier Masters Fund [Member] | Total Owner Class 3 [Member] | ||
Units Outstanding | 55,158 | 56,230 |
Net Asset Value per Unit | $ 124.59 | $ 117.57 |
Equinox Frontier Masters Fund [Member] | Managing Owner [Member] | Class 2 [Member] | ||
Units Outstanding | 5,627 | 5,627 |
LIABILITIES | ||
Managing Owner Units | $ 754,430 | $ 712,391 |
Total Capital | $ 754,430 | $ 712,391 |
Equinox Frontier Masters Fund [Member] | Managing Owner [Member] | Class 3 [Member] | ||
Units Outstanding | 275 | 275 |
LIABILITIES | ||
Managing Owner Units | $ 34,262 | $ 32,332 |
Total Capital | $ 34,262 | $ 32,332 |
Equinox Frontier Masters Fund [Member] | Limited Owners [Member] | Class 1 [Member] | ||
Units Outstanding | 61,804 | 73,747 |
LIABILITIES | ||
Limited Owner Units | $ 7,355,368 | $ 8,323,800 |
Total Capital | $ 7,355,368 | $ 8,323,800 |
Equinox Frontier Masters Fund [Member] | Limited Owners [Member] | Class 2 [Member] | ||
Units Outstanding | 51,157 | 56,720 |
LIABILITIES | ||
Limited Owner Units | $ 6,858,910 | $ 7,180,967 |
Total Capital | $ 6,858,910 | $ 7,180,967 |
Equinox Frontier Masters Fund [Member] | Limited Owners [Member] | Class 3 [Member] | ||
Units Outstanding | 54,883 | 55,955 |
LIABILITIES | ||
Limited Owner Units | $ 6,837,806 | $ 6,578,809 |
Total Capital | 6,837,806 | 6,578,809 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 52,790 | 570,169 |
U.S. Treasury securities, at fair value | 4,451,169 | 4,792,817 |
Swap contracts, at fair value | 4,256,848 | 4,332,428 |
Investments in unconsolidated trading companies, at fair value | 3,562,619 | 3,414,663 |
Interest receivable | 26,263 | 83,190 |
Receivable from related parties | 2,424 | 1,606 |
Total Assets | 12,352,511 | 13,195,609 |
LIABILITIES | ||
Options written, at fair value | 0 | 0 |
Owner redemptions payable | 2,296 | 796 |
Incentive fees payable to Managing Owner | 134,601 | 28,408 |
Management fees payable to Managing Owner | 45,998 | 48,210 |
Interest payable to Managing Owner | 2,074 | 1,368 |
Trading fees payable to Managing Owner | 16,266 | 17,129 |
Service fees payable to Managing Owner | 7,293 | 6,841 |
Other liabilities | 6 | 6 |
Total Liabilities | 208,534 | 102,758 |
Total Capital | 12,143,977 | 13,092,851 |
Total Liabilities and Capital | 12,352,511 | 13,195,609 |
Total Owners' Capital | 12,143,977 | 13,092,851 |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 1 [Member] | ||
ASSETS | ||
Prepaid service fees | $ 398 | $ 736 |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 1a [Member] | ||
Units Outstanding | 40,664 | 42,778 |
Net Asset Value per Unit | $ 92.55 | $ 94.76 |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 2 [Member] | ||
Units Outstanding | 7,090 | 7,522 |
Net Asset Value per Unit | $ 129.50 | $ 132.10 |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 2a [Member] | ||
Units Outstanding | 10,976 | 12,127 |
Net Asset Value per Unit | $ 104.16 | $ 106.19 |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 3 [Member] | ||
Units Outstanding | 42,509 | 44,702 |
Net Asset Value per Unit | $ 129.53 | $ 132.14 |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 3a [Member] | ||
Units Outstanding | 7,752 | 7,965 |
Net Asset Value per Unit | $ 104.89 | $ 106.86 |
Equinox Frontier Long/Short Commodity Fund [Member] | Managing Owner [Member] | Class 2 [Member] | ||
Units Outstanding | 3,083 | 3,083 |
LIABILITIES | ||
Managing Owner Units | $ 399,220 | $ 407,255 |
Total Capital | $ 399,220 | $ 407,255 |
Equinox Frontier Long/Short Commodity Fund [Member] | Managing Owner [Member] | Class 2a [Member] | ||
Units Outstanding | 2,222 | 2,222 |
LIABILITIES | ||
Managing Owner Units | $ 231,471 | $ 235,971 |
Total Capital | $ 231,471 | $ 235,971 |
Equinox Frontier Long/Short Commodity Fund [Member] | Managing Owner [Member] | Class 3a [Member] | ||
Units Outstanding | 109 | 109 |
LIABILITIES | ||
Managing Owner Units | $ 11,474 | $ 11,690 |
Total Capital | $ 11,474 | $ 11,690 |
Equinox Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | Class 2 [Member] | ||
Units Outstanding | 4,007 | 4,439 |
LIABILITIES | ||
Limited Owner Units | $ 518,803 | $ 586,345 |
Total Capital | $ 518,803 | $ 586,345 |
Equinox Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | Class 2a [Member] | ||
Units Outstanding | 8,754 | 9,905 |
LIABILITIES | ||
Limited Owner Units | $ 911,756 | $ 1,051,694 |
Total Capital | $ 911,756 | $ 1,051,694 |
Equinox Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | Class 3 [Member] | ||
Units Outstanding | 42,509 | 44,702 |
LIABILITIES | ||
Limited Owner Units | $ 5,506,136 | $ 5,906,669 |
Total Capital | $ 5,506,136 | $ 5,906,669 |
Equinox Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | Class 3a [Member] | ||
Units Outstanding | 7,643 | 7,856 |
LIABILITIES | ||
Limited Owner Units | $ 801,604 | $ 839,473 |
Total Capital | $ 801,604 | $ 839,473 |
Equinox Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | Class 1a [Member] | ||
Units Outstanding | 40,664 | 42,778 |
LIABILITIES | ||
Limited Owner Units | $ 3,763,513 | $ 4,053,754 |
Total Capital | 3,763,513 | 4,053,754 |
Equinox Frontier Balanced Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 599,464 | 4,895,183 |
U.S. Treasury securities, at fair value | 50,546,326 | 41,148,676 |
Receivable from futures commission merchants | 7,448,384 | 7,517,903 |
Open trade equity, at fair value | 11,530 | |
Swap contracts, at fair value | 16,955,814 | 19,157,520 |
Investments in unconsolidated trading companies, at fair value | 17,593,813 | 17,623,968 |
Interest receivable | 298,525 | 714,434 |
Other assets | 12 | 12 |
Total Assets | 93,442,338 | 91,069,226 |
LIABILITIES | ||
Open trade deficit, at fair value | 6,110 | |
Options written, at fair value | 0 | 0 |
Pending owner additions | 16,529 | 15,538 |
Owner redemptions payable | 73,864 | 440,090 |
Incentive fees payable to Managing Owner | 935,617 | 106,563 |
Management fees payable to Managing Owner | 79,116 | 80,574 |
Interest payable to Managing Owner | 95,730 | 77,642 |
Trading fees payable to Managing Owner | 58,302 | 57,450 |
Service fees payable to Managing Owner | 145,684 | 145,576 |
Payables to related parties | 26,084 | 24,069 |
Other liabilities | 4 | |
Total Liabilities | 1,437,040 | 947,502 |
Total Capital | 92,005,298 | 90,121,724 |
Total Liabilities and Capital | 93,442,338 | 91,069,226 |
Total Owners' Capital | 90,650,689 | 88,969,983 |
Non-Controlling Interests | $ 1,354,609 | $ 1,151,741 |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 1 [Member] | ||
Units Outstanding | 478,373 | 488,680 |
Net Asset Value per Unit | $ 132.18 | $ 128.03 |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 2 [Member] | ||
Units Outstanding | 126,351 | 126,375 |
Net Asset Value per Unit | $ 186.92 | $ 179.69 |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 2a [Member] | ||
Units Outstanding | 3,539 | 3,539 |
Net Asset Value per Unit | $ 161.49 | $ 154.88 |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 3a [Member] | ||
Units Outstanding | 15,749 | 15,776 |
Net Asset Value per Unit | $ 160.96 | $ 154.37 |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 1AP [Member] | ||
Units Outstanding | 4,996 | 5,351 |
Net Asset Value per Unit | $ 138.97 | $ 133.59 |
Equinox Frontier Balanced Fund [Member] | Managing Owner [Member] | Class 2 [Member] | ||
Units Outstanding | 7,956 | 7,956 |
LIABILITIES | ||
Managing Owner Units | $ 1,487,026 | $ 1,429,544 |
Total Capital | $ 1,487,026 | $ 1,429,544 |
Equinox Frontier Balanced Fund [Member] | Managing Owner [Member] | Class 2a [Member] | ||
Units Outstanding | 1,237 | 1,237 |
LIABILITIES | ||
Managing Owner Units | $ 199,817 | $ 191,645 |
Total Capital | $ 199,817 | $ 191,645 |
Equinox Frontier Balanced Fund [Member] | Limited Owners [Member] | Class 1 [Member] | ||
Units Outstanding | 478,373 | 488,680 |
LIABILITIES | ||
Limited Owner Units | $ 63,232,992 | $ 62,563,337 |
Total Capital | $ 63,232,992 | $ 62,563,337 |
Equinox Frontier Balanced Fund [Member] | Limited Owners [Member] | Class 2 [Member] | ||
Units Outstanding | 118,395 | 118,419 |
LIABILITIES | ||
Limited Owner Units | $ 22,130,105 | $ 21,278,864 |
Total Capital | $ 22,130,105 | $ 21,278,864 |
Equinox Frontier Balanced Fund [Member] | Limited Owners [Member] | Class 2a [Member] | ||
Units Outstanding | 2,302 | 2,302 |
LIABILITIES | ||
Limited Owner Units | $ 371,624 | $ 356,425 |
Total Capital | $ 371,624 | $ 356,425 |
Equinox Frontier Balanced Fund [Member] | Limited Owners [Member] | Class 3a [Member] | ||
Units Outstanding | 15,749 | 15,776 |
LIABILITIES | ||
Limited Owner Units | $ 2,534,902 | $ 2,435,421 |
Total Capital | $ 2,534,902 | $ 2,435,421 |
Equinox Frontier Balanced Fund [Member] | Limited Owners [Member] | Class 1AP [Member] | ||
Units Outstanding | 4,996 | 5,351 |
LIABILITIES | ||
Limited Owner Units | $ 694,223 | $ 714,747 |
Total Capital | 694,223 | 714,747 |
Equinox Frontier Select Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 16,034 | 220,371 |
U.S. Treasury securities, at fair value | 1,351,993 | 1,852,429 |
Receivable from futures commission merchants | 15,800,335 | 13,281,151 |
Open trade equity, at fair value | 457,989 | 462,339 |
Investments in unconsolidated trading companies, at fair value | 4,558,600 | 4,147,840 |
Interest receivable | 7,977 | 32,153 |
Other assets | 3 | |
Total Assets | 22,192,928 | 19,996,286 |
LIABILITIES | ||
Options written, at fair value | 0 | 0 |
Pending owner additions | 1,450 | 1,335 |
Owner redemptions payable | 19,321 | 16,670 |
Incentive fees payable to Managing Owner | 23,986 | |
Management fees payable to Managing Owner | 24,288 | 22,884 |
Interest payable to Managing Owner | 3,022 | 3,549 |
Trading fees payable to Managing Owner | 8,811 | 8,515 |
Service fees payable to Managing Owner | 29,885 | 29,092 |
Payables to related parties | 1,660 | 1,495 |
Other liabilities | 156 | |
Total Liabilities | 112,423 | 83,696 |
Total Capital | 22,080,505 | 19,912,590 |
Total Liabilities and Capital | 22,192,928 | 19,996,286 |
Total Owners' Capital | 14,064,039 | 13,096,055 |
Non-Controlling Interests | $ 8,016,466 | $ 6,816,535 |
Equinox Frontier Select Fund [Member] | Total Owner Class 1 [Member] | ||
Units Outstanding | 126,039 | 129,612 |
Net Asset Value per Unit | $ 99.40 | $ 90.35 |
Equinox Frontier Select Fund [Member] | Total Owner Class 2 [Member] | ||
Units Outstanding | 10,696 | 10,696 |
Net Asset Value per Unit | $ 138.68 | $ 125.11 |
Equinox Frontier Select Fund [Member] | Total Owner Class 1AP [Member] | ||
Units Outstanding | 503 | 503 |
Net Asset Value per Unit | $ 104.50 | $ 94.28 |
Equinox Frontier Select Fund [Member] | Managing Owner [Member] | Class 2 [Member] | ||
Units Outstanding | 70 | 70 |
LIABILITIES | ||
Managing Owner Units | $ 9,769 | $ 8,814 |
Total Capital | $ 9,769 | $ 8,814 |
Equinox Frontier Select Fund [Member] | Limited Owners [Member] | Class 1 [Member] | ||
Units Outstanding | 126,039 | 129,612 |
LIABILITIES | ||
Limited Owner Units | $ 12,528,315 | $ 11,710,517 |
Total Capital | $ 12,528,315 | $ 11,710,517 |
Equinox Frontier Select Fund [Member] | Limited Owners [Member] | Class 2 [Member] | ||
Units Outstanding | 10,626 | 10,626 |
LIABILITIES | ||
Limited Owner Units | $ 1,473,455 | $ 1,329,359 |
Total Capital | $ 1,473,455 | $ 1,329,359 |
Equinox Frontier Select Fund [Member] | Limited Owners [Member] | Class 1AP [Member] | ||
Units Outstanding | 503 | 503 |
LIABILITIES | ||
Limited Owner Units | $ 52,500 | $ 47,365 |
Total Capital | 52,500 | 47,365 |
Equinox Frontier Winton Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 308,128 | 2,928,616 |
U.S. Treasury securities, at fair value | 25,981,216 | 24,617,817 |
Receivable from futures commission merchants | 17,088,806 | 12,744,570 |
Open trade equity, at fair value | 675,733 | 599,579 |
Investments in unconsolidated trading companies, at fair value | 431,600 | 297,554 |
Interest receivable | 154,330 | 427,511 |
Other assets | 2 | |
Total Assets | 44,639,813 | 41,615,649 |
LIABILITIES | ||
Pending owner additions | 13,855 | 13,524 |
Owner redemptions payable | 51,671 | |
Incentive fees payable to Managing Owner | 99,067 | |
Management fees payable to Managing Owner | 91,943 | 93,171 |
Interest payable to Managing Owner | 56,108 | 49,624 |
Trading fees payable to Managing Owner | 22,673 | 22,405 |
Service fees payable to Managing Owner | 44,574 | 44,422 |
Payables to related parties | 35,287 | 31,638 |
Total Liabilities | 363,507 | 306,455 |
Total Capital | 44,276,306 | 41,309,194 |
Total Liabilities and Capital | 44,639,813 | 41,615,649 |
Total Owners' Capital | 35,905,996 | 34,941,543 |
Non-Controlling Interests | $ 8,370,310 | $ 6,367,651 |
Equinox Frontier Winton Fund [Member] | Total Owner Class 1 [Member] | ||
Units Outstanding | 139,507 | 140,239 |
Net Asset Value per Unit | $ 169.18 | $ 164.17 |
Equinox Frontier Winton Fund [Member] | Total Owner Class 2 [Member] | ||
Units Outstanding | 54,321 | 54,629 |
Net Asset Value per Unit | $ 225.82 | $ 217.51 |
Equinox Frontier Winton Fund [Member] | Total Owner Class 1AP [Member] | ||
Units Outstanding | 214 | 214 |
Net Asset Value per Unit | $ 177.86 | $ 171.31 |
Equinox Frontier Winton Fund [Member] | Managing Owner [Member] | Class 2 [Member] | ||
Units Outstanding | 207 | 207 |
LIABILITIES | ||
Managing Owner Units | $ 46,680 | $ 44,962 |
Total Capital | $ 46,680 | $ 44,962 |
Equinox Frontier Winton Fund [Member] | Limited Owners [Member] | Class 1 [Member] | ||
Units Outstanding | 139,507 | 140,239 |
LIABILITIES | ||
Limited Owner Units | $ 23,601,195 | $ 23,022,800 |
Total Capital | $ 23,601,195 | $ 23,022,800 |
Equinox Frontier Winton Fund [Member] | Limited Owners [Member] | Class 2 [Member] | ||
Units Outstanding | 54,114 | 54,422 |
LIABILITIES | ||
Limited Owner Units | $ 12,220,147 | $ 11,837,205 |
Total Capital | $ 12,220,147 | $ 11,837,205 |
Equinox Frontier Winton Fund [Member] | Limited Owners [Member] | Class 1AP [Member] | ||
Units Outstanding | 214 | 214 |
LIABILITIES | ||
Limited Owner Units | $ 37,974 | $ 36,576 |
Total Capital | 37,974 | 36,576 |
Equinox Frontier Heritage Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 65,441 | 655,319 |
U.S. Treasury securities, at fair value | 5,517,908 | 5,508,577 |
Swap contracts, at fair value | 8,857,363 | 7,960,268 |
Investments in unconsolidated trading companies, at fair value | 1,862,027 | 1,405,586 |
Interest receivable | 32,557 | 95,612 |
Other assets | 2 | |
Total Assets | 16,335,296 | 15,625,364 |
LIABILITIES | ||
Pending owner additions | 3,403 | 3,251 |
Owner redemptions payable | 15,209 | 84,355 |
Incentive fees payable to Managing Owner | 9,072 | |
Management fees payable to Managing Owner | 20,914 | 21,490 |
Interest payable to Managing Owner | 11,873 | 11,066 |
Trading fees payable to Managing Owner | 7,534 | 7,457 |
Service fees payable to Managing Owner | 18,871 | 18,807 |
Payables to related parties | 4,717 | 4,416 |
Total Liabilities | 91,593 | 150,842 |
Total Capital | 16,243,703 | 15,474,522 |
Total Liabilities and Capital | 16,335,296 | 15,625,364 |
Total Owners' Capital | 11,949,321 | 11,540,602 |
Non-Controlling Interests | $ 4,294,382 | $ 3,933,920 |
Equinox Frontier Heritage Fund [Member] | Total Owner Class 1 [Member] | ||
Units Outstanding | 67,890 | 69,436 |
Net Asset Value per Unit | $ 130.76 | $ 124.27 |
Equinox Frontier Heritage Fund [Member] | Total Owner Class 2 [Member] | ||
Units Outstanding | 16,441 | 16,441 |
Net Asset Value per Unit | $ 183.97 | $ 173.54 |
Equinox Frontier Heritage Fund [Member] | Total Owner Class 1AP [Member] | ||
Units Outstanding | 341 | 452 |
Net Asset Value per Unit | $ 137.47 | $ 129.67 |
Equinox Frontier Heritage Fund [Member] | Managing Owner [Member] | Class 2 [Member] | ||
LIABILITIES | ||
Managing Owner Units | $ 78,798 | $ 74,329 |
Equinox Frontier Heritage Fund [Member] | Managing Owner [Member] | Class 2a [Member] | ||
Units Outstanding | 428 | 428 |
LIABILITIES | ||
Total Capital | $ 78,798 | $ 74,329 |
Equinox Frontier Heritage Fund [Member] | Limited Owners [Member] | Class 1 [Member] | ||
Units Outstanding | 67,890 | 69,436 |
LIABILITIES | ||
Limited Owner Units | $ 8,877,549 | $ 8,628,726 |
Total Capital | 8,877,549 | 8,628,726 |
Equinox Frontier Heritage Fund [Member] | Limited Owners [Member] | Class 2 [Member] | ||
LIABILITIES | ||
Limited Owner Units | $ 2,946,142 | $ 2,779,024 |
Equinox Frontier Heritage Fund [Member] | Limited Owners [Member] | Class 2a [Member] | ||
Units Outstanding | 16,013 | 16,013 |
LIABILITIES | ||
Total Capital | $ 2,946,142 | $ 2,779,024 |
Equinox Frontier Heritage Fund [Member] | Limited Owners [Member] | Class 1AP [Member] | ||
Units Outstanding | 341 | 452 |
LIABILITIES | ||
Limited Owner Units | $ 46,832 | $ 58,523 |
Total Capital | $ 46,832 | $ 58,523 |
Consolidated Schedules of Inves
Consolidated Schedules of Investments - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 | |||
Total Open Trade Equity (Deficit) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (4,348,872) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (1.81%) | |||
U.S. TREASURY SECURITIES [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 137,324,374 | $ 117,478,438 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 55.64% | 48.91% | |||
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 92,784,530 | $ 89,465,938 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 37.60% | 37.25% | |||
Investment Owned, Underlying Face Amount, at Market Value | $ 67,000,000 | $ 67,000,000 | |||
Investment Owned, at Cost | 99,934,764 | 99,934,764 | |||
U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 28,909,375 | $ 28,012,500 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 11.71% | 11.66% | |||
Investment Owned, Underlying Face Amount, at Market Value | $ 20,000,000 | $ 20,000,000 | |||
Investment Owned, at Cost | 28,012,500 | 28,322,622 | |||
U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 15,630,469 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 6.33% | ||||
Investment Owned, Underlying Face Amount, at Market Value | $ 15,000,000 | ||||
Investment Owned, at Cost | 15,552,664 | ||||
LONG FUTURES CONTRACTS [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 3,979,970 | $ (22,606,527) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.61% | (9.41%) | ||
LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 43,962 | $ (96,596) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.02% | (0.04%) | ||
LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (931,636) | $ (1,250,449) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.38%) | (0.52%) | ||
LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 1,025,979 | $ 54,431 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.42% | 0.02% | ||
LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (652,894) | $ (2,605,923) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.26%) | (1.08%) | ||
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (59,409) | $ 111,674 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.02%) | 0.05% | ||
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 1,017,916 | $ (686,234) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.41% | (0.29%) | ||
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (55,361) | $ 304,974 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.02%) | 0.13% | ||
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 122,489 | $ (19,910) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.05% | (0.01%) | ||
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 642,932 | $ (568,406) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.26% | (0.24%) | ||
LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 1,293,732 | $ (2,773,754) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.52% | (1.15%) | ||
LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 723,871 | $ 349,981 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.29% | 0.15% | ||
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 9,819 | $ (43,551) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | (0.02%) | ||
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (101,191) | $ 100,955 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.04%) | 0.04% | ||
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 60,738 | $ (184,632) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.02% | (0.08%) | ||
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (9,266) | $ (2,642) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.00% | ||
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 842,103 | $ 135,830 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.34% | 0.06% | ||
LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 46 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | |||
LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 129 | $ 513 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.00% | ||
LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (Singapore) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 9,476 | $ 6,824 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.00% | ||
LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 13,493 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.01% | |||
LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 744 | $ 605 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.00% | ||
LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contracts Oceanic [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 5,505 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | |||
LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (4,209) | $ 73,103 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.03% | ||
LONG FUTURES CONTRACTS [Member] | Brent Crude Oil Settling 1/29/2016 (Number of Contracts: 546) | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (3,709,735) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (1.54%) | |||
LONG FUTURES CONTRACTS [Member] | WTI Crude Oil Settling 5/31/2016 (Number of Contracts: 925) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (7,677,427) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (3.20%) | |||
LONG FUTURES CONTRACTS [Member] | Heating Oil Settling 6/29/2016 (Number of Contracts: 314) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (4,145,156) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (1.73%) | |||
SHORT FUTURES CONTRACTS [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (4,166,663) | $ 18,182,237 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (1.66%) | 7.57% | ||
SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (542,388) | $ 402,411 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.22%) | 0.17% | ||
SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 466,677 | $ 113,542 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.19% | 0.05% | ||
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (1,706,083) | $ 1,304,853 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.69%) | 0.54% | ||
SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (83,071) | $ 3,963,547 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.03%) | 1.65% | ||
SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 17,837 | $ 912 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.01% | 0.00% | ||
SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (127,580) | $ 130,658 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.05%) | 0.05% | ||
SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 14,622 | $ (18,300) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.01% | (0.01%) | ||
SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (183,902) | $ (171,001) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.07%) | (0.07%) | ||
SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (554,998) | $ 148,445 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.22%) | 0.06% | ||
SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (237,326) | $ 1,320,899 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.10%) | 0.55% | ||
SHORT FUTURES CONTRACTS [Member] | Various Soft Futures Contract (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (37,110) | $ (10,130) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.02%) | 0.00% | ||
SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (129,956) | $ (364,588) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.05%) | (0.15%) | ||
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 3,814 | $ (23,117) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | (0.01%) | ||
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 189,334 | $ (23,385) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.08% | (0.01%) | ||
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (134,125) | $ 87,447 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.05%) | 0.04% | ||
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 9,725 | $ (12,679) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | (0.01%) | ||
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (1,144,789) | $ (39,052) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.46%) | (0.02%) | ||
SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 4,492 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | |||
SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (49,649) | $ (1,321) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.02%) | 0.00% | ||
SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (1,348) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | |||
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Africa) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 2,451 | $ (10,962) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.00% | ||
SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (7,281) | $ 29,608 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.01% | ||
SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 1,430 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | |||
SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (2,639) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | |||
SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 72,992 | $ 49,202 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.03% | 0.02% | ||
SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Singapore) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 930 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | |||
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Mexico) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 790 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | |||
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Warsaw) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (5,857) | $ (3,926) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | 0.00% | ||
SHORT FUTURES CONTRACTS [Member] | Wti Crude Oil Settling April Thirtieth Two Thousand and Sixteenth Number of Contracts Eight Hundred and Forty Five [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 4,039,571 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.68% | |||
SHORT FUTURES CONTRACTS [Member] | Wti Crude Oil Settling June Twenty Ninth Two Thousand And Sixteenth Number Of Contracts Seven Hundred And Fifty Six [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 3,923,021 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.63% | |||
SHORT FUTURES CONTRACTS [Member] | Heat Oil Settling August First Two Thousand And Sixteen Number Of Contracts Two Hundred and Ten [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 3,342,927 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.39% | |||
CURRENCY FORWARDS [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 121,822 | $ 75,418 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.05% | 0.03% | ||
CURRENCY FORWARDS [Member] | Various Currency Forward Contracts [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 121,822 | $ 75,418 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.05% | 0.03% | ||
CURRENCY FORWARDS [Member] | Total Open Trade Equity (Deficit) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (64,871) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.00% | |||
Options Purchased [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 216,150 | $ 526,288 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.21% | |||
Options Purchased [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 154,530 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.06% | |||
Options Purchased [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 216,150 | $ 371,758 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.09% | 0.15% | ||
Options Written [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (205,350) | $ (165,760) | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.08%) | (0.07%) | ||
Options Written [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (165,760) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.07%) | |||
Options Written [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (30,780) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.01%) | |||
Options Written [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ (174,570) | |||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | (0.07%) | |||
Swap [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 37,515,643 | $ 40,136,065 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 15.20% | 16.71% | ||
Swap [Member] | Frontier XXXIV Balanced select swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 16,955,814 | $ 19,157,519 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 6.87% | 7.98% | ||
Swap [Member] | Frontier Brevan Howard swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 8,857,363 | $ 7,960,269 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 3.59% | 3.31% | ||
Swap [Member] | Frontier XXXV Diversified select swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 7,445,618 | $ 8,685,849 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 3.02% | 3.62% | ||
Swap [Member] | Frontier XXXVII L/S select swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [1] | $ 4,256,848 | $ 4,332,428 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.72% | 1.80% | ||
Equinox Frontier Diversified Fund [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 38,197,594 | $ 27,604,916 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 63.41% | 49.54% | ||
Equinox Frontier Diversified Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 25,808,571 | $ 21,022,579 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 42.84% | 37.73% | ||
Investment Owned, Underlying Face Amount, at Market Value | [2] | $ 67,000,000 | $ 67,000,000 | ||
Equinox Frontier Diversified Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 8,041,315 | $ 6,582,337 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 13.35% | 11.81% | ||
Investment Owned, Underlying Face Amount, at Market Value | [2] | $ 20,000,000 | $ 20,000,000 | ||
Equinox Frontier Diversified Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 4,347,708 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 7.22% | |||
Investment Owned, Underlying Face Amount, at Market Value | [2] | $ 15,000,000 | |||
Equinox Frontier Diversified Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 28,371,907 | 20,443,138 | ||
Investment Owned, at Cost | 36,976,295 | [2] | 27,582,023 | [3] | |
Equinox Frontier Diversified Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 18,636,449 | 15,743,566 | ||
Investment Owned, at Cost | 24,858,385 | [2] | 20,999,686 | [3] | |
Equinox Frontier Diversified Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 5,563,119 | 4,699,572 | ||
Investment Owned, at Cost | 7,791,844 | [2] | 6,582,337 | [3] | |
Equinox Frontier Diversified Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 4,172,339 | |||
Investment Owned, at Cost | [2] | 4,326,066 | |||
Equinox Frontier Diversified Fund [Member] | Swap [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [3] | $ 7,445,618 | $ 8,685,849 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 12.36% | 15.59% | ||
Equinox Frontier Diversified Fund [Member] | Swap [Member] | Frontier XXXIV Balanced select swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | Swap [Member] | Frontier Brevan Howard swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | Swap [Member] | Frontier XXXV Diversified select swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [3] | $ 7,445,618 | $ 8,685,849 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 12.36% | 15.59% | ||
Equinox Frontier Diversified Fund [Member] | Swap [Member] | Frontier XXXVII L/S select swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | Investment In Unconsolidated Entities [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [4] | $ 15,075,020 | $ 16,094,207 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 25.02% | 28.89% | ||
Equinox Frontier Diversified Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company I, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [4] | $ 8,381,019 | $ 10,703,801 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 13.91% | 19.21% | ||
Equinox Frontier Diversified Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company II, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [4] | $ 2,276,735 | $ 1,755,041 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 3.78% | 3.15% | ||
Equinox Frontier Diversified Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company VII, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [4] | $ 2,241,295 | $ 1,883,299 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 3.72% | 3.38% | ||
Equinox Frontier Diversified Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XV, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0.00% | 0.00% | ||
Equinox Frontier Diversified Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XXIII, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [4] | $ 1,354,609 | $ 1,151,741 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 2.25% | 2.07% | ||
Equinox Frontier Diversified Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XXXVIII, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [4] | $ 821,362 | $ 600,325 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 1.36% | 1.08% | ||
Equinox Frontier Masters Fund [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 11,278,168 | $ 11,953,206 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 51.64% | 52.37% | ||
Equinox Frontier Masters Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 7,620,203 | $ 9,102,988 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 34.89% | 39.88% | ||
Investment Owned, Underlying Face Amount, at Market Value | [2] | $ 67,000,000 | $ 67,000,000 | ||
Equinox Frontier Masters Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 2,374,267 | $ 2,850,218 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 10.87% | 12.49% | ||
Investment Owned, Underlying Face Amount, at Market Value | [2] | $ 20,000,000 | $ 20,000,000 | ||
Equinox Frontier Masters Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 1,283,698 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 5.88% | |||
Investment Owned, Underlying Face Amount, at Market Value | [2] | $ 15,000,000 | |||
Equinox Frontier Masters Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 8,377,050 | 8,852,084 | ||
Investment Owned, at Cost | 10,917,569 | [2] | 11,943,293 | [3] | |
Equinox Frontier Masters Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 5,502,572 | 6,817,122 | ||
Investment Owned, at Cost | 7,339,652 | [2] | 9,093,075 | [3] | |
Equinox Frontier Masters Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 1,642,559 | 2,034,962 | ||
Investment Owned, at Cost | 2,300,609 | [2] | $ 2,850,218 | [3] | |
Equinox Frontier Masters Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 1,231,919 | |||
Investment Owned, at Cost | [2] | $ 1,277,308 | |||
Equinox Frontier Masters Fund [Member] | Swap [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% | ||
Equinox Frontier Masters Fund [Member] | Swap [Member] | Frontier XXXIV Balanced select swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% | ||
Equinox Frontier Masters Fund [Member] | Swap [Member] | Frontier Brevan Howard swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% | ||
Equinox Frontier Masters Fund [Member] | Swap [Member] | Frontier XXXV Diversified select swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% | ||
Equinox Frontier Masters Fund [Member] | Swap [Member] | Frontier XXXVII L/S select swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% | ||
Equinox Frontier Masters Fund [Member] | Investment In Unconsolidated Entities [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [4] | $ 10,817,048 | $ 9,409,930 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 49.51% | 41.22% | ||
Equinox Frontier Masters Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company I, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [4] | $ 769,277 | $ 1,061,508 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 3.52% | 4.65% | ||
Equinox Frontier Masters Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company II, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [4] | $ 1,335,521 | $ 1,080,538 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 6.11% | 4.73% | ||
Equinox Frontier Masters Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company VII, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [4] | $ 1,141,165 | $ 940,686 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 5.22% | 4.12% | ||
Equinox Frontier Masters Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XV, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [4] | $ 7,111,397 | $ 5,975,465 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 32.56% | 26.18% | ||
Equinox Frontier Masters Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XXIII, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0.00% | 0.00% | ||
Equinox Frontier Masters Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XXXVIII, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [4] | $ 459,688 | $ 351,733 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 2.10% | 1.54% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 4,451,169 | $ 4,792,817 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 36.66% | 36.61% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 3,007,475 | $ 3,649,979 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 24.77% | 27.88% | ||
Investment Owned, Underlying Face Amount, at Market Value | [2] | $ 67,000,000 | $ 67,000,000 | ||
Equinox Frontier Long/Short Commodity Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 937,055 | $ 1,142,838 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 7.72% | 8.73% | ||
Investment Owned, Underlying Face Amount, at Market Value | [2] | $ 20,000,000 | $ 20,000,000 | ||
Equinox Frontier Long/Short Commodity Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 506,639 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 4.17% | |||
Investment Owned, Underlying Face Amount, at Market Value | [2] | $ 15,000,000 | |||
Equinox Frontier Long/Short Commodity Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 3,306,181 | 3,549,375 | ||
Investment Owned, at Cost | 4,308,851 | [2] | 4,788,842 | [3] | |
Equinox Frontier Long/Short Commodity Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 2,171,707 | 2,733,427 | ||
Investment Owned, at Cost | 2,896,750 | [2] | 3,646,004 | [3] | |
Equinox Frontier Long/Short Commodity Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 648,271 | 815,948 | ||
Investment Owned, at Cost | 907,984 | [2] | 1,142,838 | [3] | |
Equinox Frontier Long/Short Commodity Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 486,203 | |||
Investment Owned, at Cost | [2] | 504,117 | |||
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [3] | $ 4,256,848 | $ 4,332,428 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 35.05% | 33.09% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | Frontier XXXIV Balanced select swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | Frontier Brevan Howard swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | Frontier XXXV Diversified select swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | Frontier XXXVII L/S select swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [3] | $ 4,256,848 | $ 4,332,428 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 35.05% | 33.09% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Investment In Unconsolidated Entities [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [4] | $ 3,562,619 | $ 3,414,663 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 29.34% | 26.08% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company I, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [4] | $ 354,418 | $ 525,389 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 2.92% | 4.01% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company II, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0.00% | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company VII, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [4] | $ 2,777,291 | $ 2,544,993 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 22.87% | 19.44% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XV, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0.00% | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XXIII, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 0.00% | 0.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XXXVIII, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [4] | $ 430,910 | $ 344,281 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [4] | 3.55% | 2.63% | ||
Equinox Frontier Balanced Fund [Member] | Total Open Trade Equity (Deficit) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 11,530 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 50,546,326 | $ 41,148,676 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 54.94% | 45.66% | ||
Investment Owned, at Cost | [2] | $ 41,114,551 | |||
Equinox Frontier Balanced Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 34,152,109 | $ 31,336,857 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 37.12% | 34.77% | ||
Investment Owned, Underlying Face Amount, at Market Value | [2] | $ 67,000,000 | $ 67,000,000 | ||
Investment Owned, at Cost | [2] | 31,302,731 | |||
Equinox Frontier Balanced Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 10,640,957 | $ 9,811,819 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 11.57% | 10.89% | ||
Investment Owned, Underlying Face Amount, at Market Value | [2] | $ 20,000,000 | $ 20,000,000 | ||
Investment Owned, at Cost | [2] | 9,811,820 | |||
Equinox Frontier Balanced Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 5,753,260 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 6.25% | |||
Investment Owned, Underlying Face Amount, at Market Value | [2] | $ 15,000,000 | |||
Equinox Frontier Balanced Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 37,544,139 | 30,473,122 | ||
Investment Owned, at Cost | [2] | 48,930,199 | |||
Equinox Frontier Balanced Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 24,661,346 | 23,467,807 | ||
Investment Owned, at Cost | [2] | 32,894,743 | |||
Equinox Frontier Balanced Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 7,361,596 | 7,005,315 | ||
Investment Owned, at Cost | [2] | 10,310,835 | |||
Equinox Frontier Balanced Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 5,521,197 | |||
Investment Owned, at Cost | [2] | 5,724,621 | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 260,117 | $ (381,528) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.27% | (0.42%) | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (1,516) | $ 46,701 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.05% | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 650 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 50,010 | $ (30,157) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.05% | (0.03%) | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (153,884) | $ (237,837) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.17%) | (0.27%) | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (16,314) | $ 58,668 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.02%) | 0.07% | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 130,257 | $ (132,159) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.14% | (0.15%) | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (39,797) | $ 93,495 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.04%) | 0.11% | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 50,371 | $ 14,834 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.05% | 0.02% | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 168,897 | $ (163,570) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.18% | (0.18%) | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (110) | $ (6,180) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | (0.01%) | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contract (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (48,686) | $ (87,878) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.05%) | (0.10%) | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (1,873) | $ (2,002) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (24,691) | $ 38,507 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.03%) | 0.04% | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 45,192 | $ (14,865) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.05% | (0.02%) | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (211) | $ 13,845 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.02% | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 102,472 | $ 25,421 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.11% | 0.03% | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (Singapore) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 605 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contracts Oceanic [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 394 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (2,831) | $ 366,177 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.41% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (8,603) | $ (5,389) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | (0.01%) | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 3,313 | $ (11,475) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | (0.01%) | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (124,113) | $ 188,615 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.13%) | 0.21% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 263,021 | $ 97,810 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.29% | 0.11% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (8) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 2,860 | $ 2,481 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (542) | $ (3,367) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (158,470) | $ 28,086 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.17%) | 0.03% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (1,370) | $ 3,105 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Soft Futures Contract (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (1,700) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 48,892 | $ 48,192 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.05% | 0.05% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 2,773 | $ (5,629) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | (0.01%) | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (3,188) | $ 3,179 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (27,396) | $ 17,499 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.03%) | 0.02% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 466 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (1,305) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 2,791 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Africa) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (751) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 1,020 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 1,832 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Singapore) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Mexico) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 717 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Soft Futures Contracts Warsaw [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Warsaw) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | CURRENCY FORWARDS [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (263,396) | $ 26,881 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.29%) | 0.03% | |||
Equinox Frontier Balanced Fund [Member] | CURRENCY FORWARDS [Member] | Various Currency Forward Contracts [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (263,396) | $ 26,881 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.29%) | 0.03% | |||
Equinox Frontier Balanced Fund [Member] | CURRENCY FORWARDS [Member] | Total Open Trade Equity (Deficit) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (6,110) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.02%) | ||||
Equinox Frontier Balanced Fund [Member] | Options Purchased [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | Options Purchased [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | Options Purchased [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | Options Purchased [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | Options Written [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | Options Written [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | Options Written [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | Options Written [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | Swap [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [3] | $ 16,955,814 | $ 19,157,520 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 18.43% | 21.26% | ||
Equinox Frontier Balanced Fund [Member] | Swap [Member] | Frontier XXXIV Balanced select swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [3] | $ 16,955,814 | $ 19,157,520 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 18.43% | 21.26% | ||
Equinox Frontier Balanced Fund [Member] | Investment In Unconsolidated Entities [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 17,593,813 | [4] | $ 17,623,968 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 19.12% | [4] | 19.56% | ||
Equinox Frontier Balanced Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company I, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 8,959,789 | [4] | $ 10,856,048 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 9.74% | [4] | 12.05% | ||
Equinox Frontier Balanced Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company II, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 3,101,942 | [4] | $ 2,283,605 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 3.37% | [4] | 2.53% | ||
Equinox Frontier Balanced Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company VII, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 3,266,820 | [4] | $ 2,633,484 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 3.55% | [4] | 2.92% | ||
Equinox Frontier Balanced Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XV, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 905,067 | [4] | $ 841,070 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 0.98% | [4] | 0.93% | ||
Equinox Frontier Balanced Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XXIII, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Balanced Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XXXVIII, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 1,360,195 | [4] | $ 1,009,761 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 1.48% | [4] | 1.12% | ||
Equinox Frontier Balanced Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XXXIX, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [4] | 0.00% | ||
Equinox Frontier Select Fund [Member] | Total Open Trade Equity (Deficit) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 462,339 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 2.32% | ||||
Equinox Frontier Select Fund [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 1,351,993 | $ 1,852,429 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 6.13% | 9.30% | ||
Investment Owned, at Cost | [2] | $ 1,850,893 | |||
Equinox Frontier Select Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 913,487 | $ 1,410,721 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 4.14% | 7.08% | ||
Investment Owned, Underlying Face Amount, at Market Value | [2] | $ 67,000,000 | $ 67,000,000 | ||
Investment Owned, at Cost | [2] | 1,409,185 | |||
Equinox Frontier Select Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 284,620 | $ 441,708 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 1.29% | 2.22% | ||
Investment Owned, Underlying Face Amount, at Market Value | [2] | $ 20,000,000 | $ 20,000,000 | ||
Investment Owned, at Cost | [2] | 441,708 | |||
Equinox Frontier Select Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [2] | $ 153,886 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.70% | |||
Investment Owned, Underlying Face Amount, at Market Value | [2] | $ 15,000,000 | |||
Equinox Frontier Select Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 1,004,216 | 1,371,838 | ||
Investment Owned, at Cost | [2] | 1,308,766 | |||
Equinox Frontier Select Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 659,632 | 1,056,473 | ||
Investment Owned, at Cost | [2] | 879,856 | |||
Equinox Frontier Select Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 196,905 | 315,365 | ||
Investment Owned, at Cost | [2] | 275,790 | |||
Equinox Frontier Select Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [2] | 147,679 | |||
Investment Owned, at Cost | [2] | 153,120 | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 806,293 | $ (430,431) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 3.64% | (2.16%) | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 76,997 | $ (50,387) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.35% | (0.25%) | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (17,225) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.08%) | 0.00% | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 284,065 | $ (11,664) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 1.29% | [1] | (0.06%) | ||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (5,661) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.03%) | 0.00% | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (13,965) | $ 8,285 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.06%) | 0.04% | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 275,046 | $ (380,769) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 1.25% | [1] | (1.91%) | ||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 9,345 | $ 22,925 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.04% | 0.12% | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 589 | $ (1,711) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | (0.01%) | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 36,170 | $ (35,830) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.16% | (0.18%) | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 8,655 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.04% | 0.00% | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contract (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (1,624) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | ||||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 31,547 | $ 17,813 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.14% | 0.09% | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 1,858 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | 0.00% | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (5,710) | $ 14,580 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.03%) | 0.07% | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 13,512 | $ (33,510) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.06% | (0.17%) | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (3,006) | $ (1,931) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | (0.01%) | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 105,305 | $ (4,360) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.48% | (0.02%) | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 46 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 129 | $ 68 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (Singapore) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 9,476 | $ 6,824 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.04% | 0.03% | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 13,493 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.07% | ||||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 744 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contracts Oceanic [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 5,505 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.03% | ||||
Equinox Frontier Select Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 238 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (306,598) | $ 925,452 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (1.39%) | 4.65% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (123,345) | $ 109,629 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.56%) | 0.55% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (4,250) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | (0.02%) | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (104,801) | $ 32,835 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.47%) | 0.16% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 3,068 | $ 586,716 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | ||||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 3,874 | $ (63) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.02% | 0.00% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 5,681 | $ 3,113 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.03% | 0.02% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (57,670) | $ (12,330) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.26%) | (0.06%) | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (127,534) | $ 50,113 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.58%) | 0.25% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 93,125 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.47% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Soft Futures Contract (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 2,000 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.01% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 44,962 | $ 34,651 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.20% | 0.17% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (68) | $ 8,952 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.04% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 10,508 | $ 5,289 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.05% | 0.03% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 38,161 | $ (17,786) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.17% | (0.09%) | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 4,026 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.02% | ||||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Africa) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (1,849) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | (0.01%) | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (7,281) | $ 29,608 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.03%) | 0.15% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 410 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (2,639) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | ||||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 13,705 | $ 6,824 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.06% | 0.03% | |||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Singapore) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 930 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Mexico) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 74 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Soft Futures Contracts Warsaw [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.02%) | ||||
Equinox Frontier Select Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Warsaw) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (5,858) | $ (3,926) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.03%) | ||||
Equinox Frontier Select Fund [Member] | CURRENCY FORWARDS [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (41,706) | $ (32,682) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.19%) | (0.16%) | |||
Equinox Frontier Select Fund [Member] | CURRENCY FORWARDS [Member] | Various Currency Forward Contracts [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (41,706) | $ (32,682) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.19%) | (0.16%) | |||
Equinox Frontier Select Fund [Member] | CURRENCY FORWARDS [Member] | Total Open Trade Equity (Deficit) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 457,989 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 2.06% | ||||
Equinox Frontier Select Fund [Member] | Options Purchased [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Select Fund [Member] | Options Purchased [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Select Fund [Member] | Options Purchased [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Select Fund [Member] | Options Purchased [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Select Fund [Member] | Options Written [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Select Fund [Member] | Options Written [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Select Fund [Member] | Options Written [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Select Fund [Member] | Options Written [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Select Fund [Member] | Swap [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% | ||
Equinox Frontier Select Fund [Member] | Swap [Member] | Frontier XXXIV Balanced select swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% | ||
Equinox Frontier Select Fund [Member] | Investment In Unconsolidated Entities [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 4,558,600 | [4] | $ 4,147,840 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 20.65% | [4] | 20.83% | ||
Equinox Frontier Select Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company I, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [4] | 0.00% | ||
Equinox Frontier Select Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company II, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [4] | 0.00% | ||
Equinox Frontier Select Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company VII, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [4] | 0.00% | ||
Equinox Frontier Select Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XV, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [4] | 0.00% | ||
Equinox Frontier Select Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XXIII, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Select Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XXXVIII, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 264,221 | [4] | $ 213,920 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 1.20% | [4] | 1.07% | ||
Equinox Frontier Select Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XXXIX, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 4,294,379 | [4] | $ 3,933,920 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 19.45% | [4] | 19.76% | ||
Equinox Frontier Winton Fund [Member] | Total Open Trade Equity (Deficit) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 675,733 | $ 599,579 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 1.53% | 1.45% | |||
Equinox Frontier Winton Fund [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 25,981,216 | [5] | $ 24,617,817 | [2] | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 58.68% | [5] | 59.59% | |
Equinox Frontier Winton Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 17,554,458 | [5] | $ 18,747,748 | [2] | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 39.65% | [5] | 45.38% | |
Investment Owned, Underlying Face Amount, at Market Value | $ 67,000,000 | [5] | $ 67,000,000 | [2] | |
Equinox Frontier Winton Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 5,469,537 | [5] | $ 5,870,069 | [2] | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 12.35% | [5] | 14.21% | |
Investment Owned, Underlying Face Amount, at Market Value | $ 20,000,000 | [5] | $ 20,000,000 | [2] | |
Equinox Frontier Winton Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [5] | $ 2,957,221 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2],[5] | 6.68% | |||
Investment Owned, Underlying Face Amount, at Market Value | [5] | $ 15,000,000 | |||
Equinox Frontier Winton Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | 19,297,987 | [5] | 18,231,006 | [2] | |
Investment Owned, at Cost | 25,150,514 | [5] | 24,597,401 | [2] | |
Equinox Frontier Winton Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | 12,676,129 | [5] | 14,039,970 | [2] | |
Investment Owned, at Cost | 16,908,161 | [5] | 18,727,332 | [2] | |
Equinox Frontier Winton Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | 3,783,919 | [5] | 4,191,036 | [2] | |
Investment Owned, at Cost | 5,299,852 | [5] | 5,870,069 | [2] | |
Equinox Frontier Winton Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [5] | 2,837,939 | |||
Investment Owned, at Cost | [5] | 2,942,501 | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 1,544,629 | $ (288,813) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 3.48% | (0.70%) | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (44,488) | $ (1,294) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.10%) | 0.00% | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 319,143 | $ (26,609) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.72% | (0.06%) | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (3,999) | $ 10,868 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | 0.03% | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 549,441 | $ (126,797) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.31%) | ||||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (10,038) | $ 68,874 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.02%) | 0.17% | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 10,830 | $ (3,134) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.02% | (0.01%) | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 358,616 | $ (317,169) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.81% | (0.77%) | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (26,250) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.06%) | 0.00% | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 18,461 | $ 4,274 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.04% | 0.01% | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (415) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (1,536) | $ 36,783 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.09% | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 6,436 | $ (83,141) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | (0.20%) | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (2,374) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | 0.00% | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 370,802 | $ 148,532 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.84% | 0.36% | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (Singapore) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contracts Oceanic [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Winton Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various precious metals futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (1,496,428) | $ 1,056,931 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (3.37%) | 2.56% | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (98,529) | $ 134,930 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.22%) | 0.33% | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (27,650) | $ (11,450) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.06%) | (0.03%) | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (802,996) | $ 466,490 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (1.81%) | 1.13% | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 17,264 | $ 142,483 | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.04% | 0.34% | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 952 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 3,624 | $ (3,043) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | (0.01%) | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (87,937) | $ (266) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.20%) | 0.00% | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (17,200) | $ 244,230 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.04%) | 0.59% | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Soft Futures Contract (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (7,010) | $ (1,140) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.02%) | 0.00% | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (63,343) | $ 137,220 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.14%) | 0.33% | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (2,344) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | (0.01%) | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 6,684 | $ (1,191) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.02% | 0.00% | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (43,480) | $ 22,625 | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.10%) | 0.05% | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (384,565) | $ (68,081) | |||
Investment Owned, % of Total Capital (Net Asset Value) | (0.87%) | (0.16%) | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (2,041) | $ (16) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Africa) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ (7,124) | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | (0.02%) | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 3,608 | ||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | ||||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Singapore) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Mexico) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Winton Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Warsaw) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Winton Fund [Member] | CURRENCY FORWARDS [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 627,532 | $ (168,539) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 1.42% | (0.41%) | |||
Equinox Frontier Winton Fund [Member] | CURRENCY FORWARDS [Member] | Various Currency Forward Contracts [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 627,532 | $ (168,539) | |||
Investment Owned, % of Total Capital (Net Asset Value) | 1.42% | (0.41%) | |||
Equinox Frontier Winton Fund [Member] | Options Purchased [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Winton Fund [Member] | Options Purchased [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Winton Fund [Member] | Options Purchased [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Winton Fund [Member] | Options Purchased [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Winton Fund [Member] | Options Written [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Winton Fund [Member] | Options Written [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Winton Fund [Member] | Options Written [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Winton Fund [Member] | Options Written [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Winton Fund [Member] | Swap [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% | ||
Equinox Frontier Winton Fund [Member] | Swap [Member] | Frontier Brevan Howard swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.00% | 0.00% | ||
Equinox Frontier Winton Fund [Member] | Investment In Unconsolidated Entities [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 431,600 | [4] | $ 297,554 | [6] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.97% | [4] | 0.72% | [6] | |
Equinox Frontier Winton Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company II, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | [4] | 0.00% | [6] | |
Equinox Frontier Winton Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XXXVIII, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 431,600 | [4] | $ 297,554 | [6] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.97% | [4] | 0.72% | [6] | |
Equinox Frontier Heritage Fund [Member] | Total Open Trade Equity (Deficit) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 5,517,908 | [5] | $ 5,508,577 | [2] | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 33.97% | [5] | 13.33% | |
Equinox Frontier Heritage Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 3,728,227 | [5] | $ 4,195,068 | [2] | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 22.95% | [5] | 10.16% | |
Investment Owned, Underlying Face Amount, at Market Value | $ 67,000,000 | [5] | $ 67,000,000 | [2] | |
Equinox Frontier Heritage Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 1,161,624 | [5] | $ 1,313,509 | [2] | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 7.15% | [5] | 3.18% | |
Investment Owned, Underlying Face Amount, at Market Value | $ 20,000,000 | [5] | $ 20,000,000 | [2] | |
Equinox Frontier Heritage Fund [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [5] | $ 628,057 | |||
Investment Owned, % of Total Capital (Net Asset Value) | [2],[5] | 3.87% | |||
Investment Owned, Underlying Face Amount, at Market Value | [5] | $ 15,000,000 | |||
Equinox Frontier Heritage Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | 4,098,519 | [5] | 4,079,439 | [2] | |
Investment Owned, at Cost | 5,341,483 | [5] | 5,504,010 | [2] | |
Equinox Frontier Heritage Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | 2,692,165 | [5] | 3,141,637 | [2] | |
Investment Owned, at Cost | 3,590,967 | [5] | 4,190,501 | [2] | |
Equinox Frontier Heritage Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | 803,631 | [5] | 937,802 | [2] | |
Investment Owned, at Cost | 1,125,586 | [5] | $ 1,313,509 | [2] | |
Equinox Frontier Heritage Fund [Member] | Assets allocated to each Series based upon ownership in the cash management pool [Member] | U.S. TREASURY SECURITIES [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Underlying Face Amount, at Market Value | [5] | 602,723 | |||
Investment Owned, at Cost | [5] | $ 624,930 | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various base metals futures contracts (Singapore) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various Soft Futures Contracts Oceanic [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | LONG FUTURES CONTRACTS [Member] | Various precious metals futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various base metals futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Soft Futures Contract (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various Precious Metal Futures Contracts Far East [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Canada) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Africa) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (Far East) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Europe) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (Singapore) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Mexico) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Warsaw) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | CURRENCY FORWARDS [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | CURRENCY FORWARDS [Member] | Various Currency Forward Contracts [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | 0.00% | |||
Equinox Frontier Heritage Fund [Member] | Options Purchased [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | Options Purchased [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | Options Purchased [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | Options Purchased [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | Options Written [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | Options Written [Member] | Various energy futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | Options Written [Member] | Various soft futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | Options Written [Member] | Various stock index futures contracts (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, % of Total Capital (Net Asset Value) | 0.00% | ||||
Equinox Frontier Heritage Fund [Member] | Swap [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [3] | $ 8,857,363 | $ 7,960,268 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 54.53% | 51.44% | ||
Equinox Frontier Heritage Fund [Member] | Swap [Member] | Frontier Brevan Howard swap (U.S.) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | [3] | $ 8,857,363 | $ 7,960,268 | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 54.53% | 51.44% | ||
Equinox Frontier Heritage Fund [Member] | Investment In Unconsolidated Entities [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 1,862,027 | [4] | $ 1,405,586 | [6] | |
Investment Owned, % of Total Capital (Net Asset Value) | 11.47% | [4] | 9.08% | [6] | |
Equinox Frontier Heritage Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company II, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 1,656,113 | [4] | $ 1,248,467 | [6] | |
Investment Owned, % of Total Capital (Net Asset Value) | 10.20% | [4] | 8.07% | [6] | |
Equinox Frontier Heritage Fund [Member] | Investment In Unconsolidated Entities [Member] | Equinox Frontier Trading Company XXXVIII, LLC [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, Fair Value | $ 205,914 | [4] | $ 157,119 | [6] | |
Investment Owned, % of Total Capital (Net Asset Value) | 1.27% | [4] | 1.02% | [6] | |
[1] | Except for those items disclosed, no individual futures, forwards and option on futures contract position constituted greater than 1 percent of Net Asset Value. Accordingly, the number of contracts and expiration dates are not presented. | ||||
[2] | Assets have been allocated to each Series based upon ownership in the cash management pool. See Note 2. | ||||
[3] | See Note 4 to the Financial Statements. | ||||
[4] | (3) See Note 5 to the Financial Statements. | ||||
[5] | Assets have been allocated to each Series based upon ownership in the cash management pool. | ||||
[6] | (3) Same as other page |
Consolidated Schedules of Inve4
Consolidated Schedules of Investments (Parenthetical) - U.S. TREASURY SECURITIES [Member] - USD ($) | 3 Months Ended | 12 Months Ended | |||
Mar. 31, 2016 | Dec. 31, 2015 | ||||
US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | 6.00% | 6.00% | |||
Debt Instrument, Maturity Date | Feb. 15, 2026 | Feb. 15, 2026 | |||
Investment Owned, Underlying Face Amount, at Market Value | $ 67,000,000 | $ 67,000,000 | |||
Investment Owned, at Cost | $ 99,934,764 | $ 99,934,764 | |||
US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | 6.875% | 6.875% | |||
Debt Instrument, Maturity Date | Aug. 15, 2025 | Aug. 15, 2025 | |||
Investment Owned, Underlying Face Amount, at Market Value | $ 20,000,000 | $ 20,000,000 | |||
Investment Owned, at Cost | $ 28,012,500 | $ 28,322,622 | |||
US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | 2.25% | ||||
Debt Instrument, Maturity Date | Nov. 15, 2025 | ||||
Investment Owned, Underlying Face Amount, at Market Value | $ 15,000,000 | ||||
Investment Owned, at Cost | $ 15,552,664 | ||||
Equinox Frontier Diversified Fund [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | [1] | 6.00% | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | Feb. 15, 2026 | ||
Cost | [1] | $ 99,934,764 | $ 99,934,764 | ||
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 67,000,000 | $ 67,000,000 | ||
Equinox Frontier Diversified Fund [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | [1] | 6.875% | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Feb. 15, 2026 | ||
Cost | [1] | $ 28,012,500 | $ 28,012,500 | ||
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 20,000,000 | $ 20,000,000 | ||
Equinox Frontier Diversified Fund [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | [1] | 2.25% | |||
Debt Instrument, Maturity Date | [1] | Nov. 15, 2025 | |||
Cost | [1] | $ 15,552,664 | |||
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 15,000,000 | |||
Equinox Frontier Masters Fund [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | [1] | 6.00% | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | Feb. 15, 2026 | ||
Cost | [1] | $ 99,934,764 | $ 99,934,764 | ||
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 67,000,000 | $ 67,000,000 | ||
Equinox Frontier Masters Fund [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | [1] | 6.875% | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Feb. 15, 2026 | ||
Cost | [1] | $ 28,012,500 | $ 28,012,500 | ||
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 20,000,000 | $ 20,000,000 | ||
Equinox Frontier Masters Fund [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | [1] | 2.25% | |||
Debt Instrument, Maturity Date | [1] | Nov. 15, 2025 | |||
Cost | [1] | $ 15,552,664 | |||
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 15,000,000 | |||
Equinox Frontier Long/Short Commodity Fund [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | [1] | 6.00% | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | Feb. 15, 2026 | ||
Cost | [1] | $ 99,934,764 | $ 99,934,764 | ||
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 67,000,000 | $ 67,000,000 | ||
Equinox Frontier Long/Short Commodity Fund [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | [1] | 6.875% | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Feb. 15, 2026 | ||
Cost | [1] | $ 28,012,500 | $ 28,012,500 | ||
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 20,000,000 | 20,000,000 | ||
Equinox Frontier Long/Short Commodity Fund [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | [1] | 2.25% | |||
Debt Instrument, Maturity Date | [1] | Nov. 15, 2025 | |||
Cost | [1] | $ 15,552,664 | |||
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 15,000,000 | |||
Equinox Frontier Balanced Fund [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, at Cost | [1] | $ 41,114,551 | |||
Equinox Frontier Balanced Fund [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | [1] | 6.00% | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | Feb. 15, 2026 | ||
Cost | [1] | $ 99,934,764 | $ 99,934,764 | ||
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 67,000,000 | 67,000,000 | ||
Investment Owned, at Cost | [1] | $ 31,302,731 | |||
Equinox Frontier Balanced Fund [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | [1] | 6.875% | 6.875% | ||
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 | ||
Cost | [1] | $ 28,012,500 | $ 28,012,500 | ||
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 20,000,000 | 20,000,000 | ||
Investment Owned, at Cost | [1] | 9,811,820 | |||
Equinox Frontier Balanced Fund [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | [1] | 2.25% | |||
Debt Instrument, Maturity Date | [1] | Nov. 15, 2015 | |||
Cost | [1] | $ 15,552,664 | |||
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 15,000,000 | |||
Equinox Frontier Select Fund [Member] | |||||
Schedule of Investments [Line Items] | |||||
Investment Owned, at Cost | [1] | $ 1,850,893 | |||
Equinox Frontier Select Fund [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | [1] | 6.00% | 6.00% | ||
Debt Instrument, Maturity Date | [1] | Feb. 15, 2026 | Feb. 15, 2026 | ||
Cost | [1] | $ 99,934,764 | $ 99,934,764 | ||
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 67,000,000 | 67,000,000 | ||
Investment Owned, at Cost | [1] | $ 1,409,185 | |||
Equinox Frontier Select Fund [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | [1] | 6.875% | 6.875% | ||
Debt Instrument, Maturity Date | [1] | Aug. 15, 2025 | Aug. 15, 2025 | ||
Cost | [1] | $ 28,012,500 | $ 28,012,500 | ||
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 20,000,000 | 20,000,000 | ||
Investment Owned, at Cost | [1] | $ 441,708 | |||
Equinox Frontier Select Fund [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | [1] | 2.25% | |||
Debt Instrument, Maturity Date | [1] | Nov. 15, 2015 | |||
Cost | [1] | $ 15,552,664 | |||
Investment Owned, Underlying Face Amount, at Market Value | [1] | $ 15,000,000 | |||
Equinox Frontier Winton Fund [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | 6.00% | [2] | 6.00% | [1] | |
Debt Instrument, Maturity Date | Feb. 15, 2026 | [2] | Feb. 15, 2026 | [1] | |
Cost | $ 99,934,764 | [2] | $ 99,934,764 | [1] | |
Investment Owned, Underlying Face Amount, at Market Value | $ 67,000,000 | [2] | $ 67,000,000 | [1] | |
Equinox Frontier Winton Fund [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | 6.875% | [2] | 6.875% | [1] | |
Debt Instrument, Maturity Date | Aug. 15, 2025 | [2] | Aug. 15, 2025 | [1] | |
Cost | $ 28,012,500 | [2] | $ 28,012,500 | [1] | |
Investment Owned, Underlying Face Amount, at Market Value | $ 20,000,000 | [2] | $ 20,000,000 | [1] | |
Equinox Frontier Winton Fund [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | [2] | 2.25% | |||
Debt Instrument, Maturity Date | [2] | Nov. 15, 2025 | |||
Cost | [2] | $ 15,552,664 | |||
Investment Owned, Underlying Face Amount, at Market Value | [2] | $ 15,000,000 | |||
Equinox Frontier Heritage Fund [Member] | US Treasury Note 6.000% due 02/15/2026 (Cost $99,934,764) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | 6.00% | [2] | 6.00% | [1] | |
Debt Instrument, Maturity Date | Feb. 15, 2026 | [2] | Feb. 15, 2026 | [1] | |
Cost | $ 99,934,764 | [2] | $ 99,934,764 | [1] | |
Investment Owned, Underlying Face Amount, at Market Value | $ 67,000,000 | [2] | $ 67,000,000 | [1] | |
Equinox Frontier Heritage Fund [Member] | US Treasury Note 6.875% due 08/15/2025 (Cost $28,012,500) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | 6.875% | [2] | 6.875% | [1] | |
Debt Instrument, Maturity Date | Aug. 15, 2025 | [2] | Aug. 15, 2025 | [1] | |
Cost | $ 28,012,500 | [2] | $ 28,012,500 | [1] | |
Investment Owned, Underlying Face Amount, at Market Value | $ 20,000,000 | [2] | $ 20,000,000 | [1] | |
Equinox Frontier Heritage Fund [Member] | US Treasury Note 2.25% due 11/15/2025 (Cost $15,552,664) [Member] | |||||
Schedule of Investments [Line Items] | |||||
Rate | [2] | 2.25% | |||
Debt Instrument, Maturity Date | [2] | Nov. 15, 2025 | |||
Cost | [2] | $ 15,552,664 | |||
Investment Owned, Underlying Face Amount, at Market Value | [2] | $ 15,000,000 | |||
[1] | Assets have been allocated to each Series based upon ownership in the cash management pool. See Note 2. | ||||
[2] | Assets have been allocated to each Series based upon ownership in the cash management pool. |
Statement of Operations
Statement of Operations - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Investment income/(loss): | ||
Interest - net | $ 241,847 | $ 294,670 |
Total Income | 241,847 | 294,670 |
Expenses: | ||
Incentive Fees | 2,349,607 | 4,902,774 |
Management Fees | 1,182,715 | 1,288,670 |
Trading Fees | 834,678 | 921,267 |
Total Expenses | 5,336,384 | 8,283,763 |
Investment (loss) - net | (5,094,537) | (7,989,093) |
Realized and unrealized gain/(loss) on investments: | ||
Net change in open trade equity/(deficit) | 4,154,281 | (10,301,441) |
Trading commissions | (579,377) | (710,398) |
Net gain/(loss) on investments | 13,984,424 | 42,655,060 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | 8,889,887 | 34,665,967 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | 8,889,887 | |
U.S. TREASURY SECURITIES [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net realized gain/(loss) on investments | 71,093 | |
Net unrealized gain/(loss) on investments | 4,903,532 | 2,735,063 |
Futures, forwards and options [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net realized gain/(loss) on investments | 8,055,316 | 39,987,665 |
Swap [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net unrealized gain/(loss) on investments | (2,620,421) | 10,944,171 |
Class 1 [Member] | ||
Expenses: | ||
Service Fees | 969,384 | 1,171,052 |
Equinox Frontier Diversified Fund [Member] | ||
Investment income/(loss): | ||
Interest - net | 153,985 | 169,258 |
Total Income | 153,985 | 169,258 |
Expenses: | ||
Incentive Fees | 921,036 | 1,634,242 |
Management Fees | 238,847 | 246,304 |
Service Fees | 76,178 | 121,918 |
Trading Fees | 356,708 | 370,802 |
Total Expenses | 1,592,769 | 2,373,266 |
Investment (loss) - net | (1,438,784) | (2,204,008) |
Realized and unrealized gain/(loss) on investments: | ||
Net change in open trade equity/(deficit) | (127,891) | |
Trading commissions | (184,318) | |
Change in fair value of investments in unconsolidated trading companies | 2,992,776 | 3,472,709 |
Net gain/(loss) on investments | 2,972,555 | 15,234,471 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | 1,533,771 | 13,030,463 |
Less: Operations attributable to non-controlling interests | 3,313,397 | |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | 1,533,771 | 9,717,066 |
Equinox Frontier Diversified Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net realized gain/(loss) on investments | 18,406 | |
Net unrealized gain/(loss) on investments | 1,201,604 | 684,086 |
Equinox Frontier Diversified Fund [Member] | Futures, forwards and options [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net realized gain/(loss) on investments | 8,401,169 | |
Equinox Frontier Diversified Fund [Member] | Swap [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net unrealized gain/(loss) on investments | (1,240,231) | 2,988,716 |
Equinox Frontier Diversified Fund [Member] | Class 1 [Member] | ||
Expenses: | ||
Service Fees | $ 76,178 | $ 121,918 |
Equinox Frontier Diversified Fund [Member] | Total Owner Class 1 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ 2.91 | $ 18.57 |
Equinox Frontier Diversified Fund [Member] | Total Owner Class 2 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | 3.84 | 21.09 |
Equinox Frontier Diversified Fund [Member] | Total Owner Class 3 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ 3.63 | $ 19.54 |
Equinox Frontier Masters Fund [Member] | ||
Investment income/(loss): | ||
Interest - net | $ 57,379 | $ 71,164 |
Total Income | 57,379 | 71,164 |
Expenses: | ||
Incentive Fees | 226,228 | 535,302 |
Management Fees | 161,635 | 178,660 |
Service Fees | 47,135 | 65,178 |
Trading Fees | 138,344 | 153,633 |
Total Expenses | 573,342 | 932,773 |
Investment (loss) - net | (515,963) | (861,609) |
Realized and unrealized gain/(loss) on investments: | ||
Change in fair value of investments in unconsolidated trading companies | 1,366,245 | 3,095,759 |
Net gain/(loss) on investments | 1,866,339 | 3,440,003 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | 1,350,376 | 2,578,394 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | 1,350,376 | 2,578,394 |
Equinox Frontier Masters Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net realized gain/(loss) on investments | 6,077 | |
Net unrealized gain/(loss) on investments | 494,017 | 344,244 |
Equinox Frontier Masters Fund [Member] | Class 1 [Member] | ||
Expenses: | ||
Service Fees | $ 47,135 | $ 65,178 |
Equinox Frontier Masters Fund [Member] | Total Owner Class 1 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ 6.14 | $ 11.77 |
Equinox Frontier Masters Fund [Member] | Total Owner Class 2 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | 7.47 | 13.59 |
Equinox Frontier Masters Fund [Member] | Total Owner Class 3 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ 7.02 | $ 12.67 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Investment income/(loss): | ||
Interest - net | $ 22,970 | $ 47,058 |
Total Income | 22,970 | 47,058 |
Expenses: | ||
Incentive Fees | 134,601 | 239,217 |
Management Fees | 138,546 | 123,036 |
Service Fees | 21,031 | 31,900 |
Trading Fees | 49,619 | 68,928 |
Total Expenses | 343,797 | 463,081 |
Investment (loss) - net | (320,827) | (416,023) |
Realized and unrealized gain/(loss) on investments: | ||
Change in fair value of investments in unconsolidated trading companies | (41,329) | 1,934,525 |
Net gain/(loss) on investments | 80,555 | 2,732,204 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | (240,272) | 2,316,181 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | (240,272) | 2,316,181 |
Equinox Frontier Long/Short Commodity Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net realized gain/(loss) on investments | 2,649 | |
Net unrealized gain/(loss) on investments | 194,814 | 128,767 |
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net unrealized gain/(loss) on investments | (75,579) | 668,912 |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1 [Member] | ||
Expenses: | ||
Service Fees | $ 21,031 | $ 31,900 |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 1a [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ (2.21) | $ 19.58 |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 2 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | (2.60) | 27.90 |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 2a [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | (2.03) | 22.14 |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 3 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | (2.61) | 27.72 |
Equinox Frontier Long/Short Commodity Fund [Member] | Total Owner Class 3a [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ (1.97) | $ 22.32 |
Equinox Frontier Balanced Fund [Member] | ||
Investment income/(loss): | ||
Interest - net | $ 7,337 | $ 7,190 |
Total Income | 7,337 | 7,190 |
Expenses: | ||
Incentive Fees | 935,617 | 1,486,957 |
Management Fees | 234,025 | 259,595 |
Service Fees | 484,072 | 562,801 |
Trading Fees | 172,789 | 195,344 |
Total Expenses | 1,826,503 | 2,504,697 |
Investment (loss) - net | (1,819,166) | (2,497,507) |
Realized and unrealized gain/(loss) on investments: | ||
Net change in open trade equity/(deficit) | (17,640) | (1,365,815) |
Trading commissions | (78,483) | (141,905) |
Change in fair value of investments in unconsolidated trading companies | 4,033,474 | 5,522,449 |
Net gain/(loss) on investments | 5,049,993 | 16,254,937 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | 3,230,827 | 13,757,430 |
Less: Operations attributable to non-controlling interests | 108,355 | 830,142 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | 3,122,472 | 12,927,288 |
Equinox Frontier Balanced Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net realized gain/(loss) on investments | 25,792 | |
Net unrealized gain/(loss) on investments | 1,670,998 | 737,851 |
Equinox Frontier Balanced Fund [Member] | Futures, forwards and options [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net realized gain/(loss) on investments | 1,617,558 | 6,275,679 |
Equinox Frontier Balanced Fund [Member] | Swap [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net unrealized gain/(loss) on investments | (2,201,706) | 5,226,678 |
Equinox Frontier Balanced Fund [Member] | Class 1 [Member] | ||
Expenses: | ||
Service Fees | $ 484,072 | $ 562,801 |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 1 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ 4.15 | $ 17.26 |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 2 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | 7.23 | 25.01 |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 2a [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | 6.61 | 21.74 |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 3a [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | 6.59 | 21.67 |
Equinox Frontier Balanced Fund [Member] | Total Owner Class 1AP [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ 5.38 | $ 18.60 |
Equinox Frontier Select Fund [Member] | ||
Expenses: | ||
Incentive Fees | $ 23,986 | $ 158,971 |
Management Fees | 70,821 | 80,072 |
Service Fees | 93,444 | 106,901 |
Trading Fees | 26,180 | 29,893 |
Total Expenses | 214,431 | 375,837 |
Investment (loss) - net | (214,431) | (375,837) |
Realized and unrealized gain/(loss) on investments: | ||
Net change in open trade equity/(deficit) | (4,350) | (704,083) |
Trading commissions | (28,929) | (32,172) |
Change in fair value of investments in unconsolidated trading companies | 403,454 | 1,032,449 |
Net gain/(loss) on investments | 2,458,845 | 2,741,233 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | 2,244,414 | 2,365,396 |
Less: Operations attributable to non-controlling interests | 918,943 | 682,333 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | 1,325,471 | 1,683,063 |
Equinox Frontier Select Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net realized gain/(loss) on investments | 748 | |
Net unrealized gain/(loss) on investments | 71,447 | 159,412 |
Equinox Frontier Select Fund [Member] | Futures, forwards and options [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net realized gain/(loss) on investments | 2,016,474 | 2,285,627 |
Equinox Frontier Select Fund [Member] | Class 1 [Member] | ||
Expenses: | ||
Service Fees | $ 93,444 | $ 106,901 |
Equinox Frontier Select Fund [Member] | Total Owner Class 1 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ 9.05 | $ 10.55 |
Equinox Frontier Select Fund [Member] | Total Owner Class 2 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | 13.57 | 15.25 |
Equinox Frontier Select Fund [Member] | Total Owner Class 1AP [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ 10.22 | $ 11.49 |
Equinox Frontier Winton Fund [Member] | ||
Investment income/(loss): | ||
Interest - net | $ 176 | |
Total Income | 176 | |
Expenses: | ||
Incentive Fees | 99,067 | $ 715,409 |
Management Fees | 275,820 | 323,105 |
Service Fees | 179,855 | 205,337 |
Trading Fees | 68,324 | 76,976 |
Total Expenses | 623,066 | 1,320,827 |
Investment (loss) - net | (622,890) | (1,320,827) |
Realized and unrealized gain/(loss) on investments: | ||
Net change in open trade equity/(deficit) | 76,154 | |
Trading commissions | (22,138) | |
Change in fair value of investments in unconsolidated trading companies | (607,638) | 4,443,233 |
Net gain/(loss) on investments | 3,032,321 | 4,997,118 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | 2,409,431 | 3,676,291 |
Less: Operations attributable to non-controlling interests | 1,243,146 | |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | 1,166,285 | 3,676,291 |
Equinox Frontier Winton Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net realized gain/(loss) on investments | 14,357 | |
Net unrealized gain/(loss) on investments | 1,042,863 | 553,885 |
Equinox Frontier Winton Fund [Member] | Futures, forwards and options [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net realized gain/(loss) on investments | 2,528,723 | |
Equinox Frontier Winton Fund [Member] | Class 1 [Member] | ||
Expenses: | ||
Service Fees | $ 179,855 | $ 205,337 |
Equinox Frontier Winton Fund [Member] | Total Owner Class 1 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ 5.01 | $ 15.95 |
Equinox Frontier Winton Fund [Member] | Total Owner Class 2 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | 8.31 | 22.33 |
Equinox Frontier Winton Fund [Member] | Total Owner Class 1AP [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ 6.55 | $ 17.59 |
Equinox Frontier Heritage Fund [Member] | ||
Expenses: | ||
Incentive Fees | $ 9,072 | $ 132,676 |
Management Fees | 63,021 | 77,898 |
Service Fees | 67,669 | 77,017 |
Trading Fees | 22,714 | 25,691 |
Total Expenses | 162,476 | 313,282 |
Investment (loss) - net | (162,476) | (313,282) |
Realized and unrealized gain/(loss) on investments: | ||
Change in fair value of investments in unconsolidated trading companies | 109,317 | 861,401 |
Net gain/(loss) on investments | 1,237,263 | 3,048,084 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | 1,074,787 | 2,734,802 |
Less: Operations attributable to non-controlling interests | 443,002 | 967,115 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | 631,785 | 1,767,687 |
Equinox Frontier Heritage Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net realized gain/(loss) on investments | 3,064 | |
Net unrealized gain/(loss) on investments | 227,789 | 126,818 |
Equinox Frontier Heritage Fund [Member] | Swap [Member] | ||
Realized and unrealized gain/(loss) on investments: | ||
Net unrealized gain/(loss) on investments | 897,095 | 2,059,865 |
Equinox Frontier Heritage Fund [Member] | Class 1 [Member] | ||
Expenses: | ||
Service Fees | $ 67,669 | $ 77,017 |
Equinox Frontier Heritage Fund [Member] | Total Owner Class 1 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ 6.49 | $ 17.59 |
Equinox Frontier Heritage Fund [Member] | Total Owner Class 2 [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | 10.43 | 25.33 |
Equinox Frontier Heritage Fund [Member] | Total Owner Class 1AP [Member] | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | $ 7.80 | $ 18.93 |
Statements of Changes in Owners
Statements of Changes in Owners' Capital | 3 Months Ended | |
Mar. 31, 2016USD ($)$ / sharesshares | ||
Owners' Capital, Beginning balance | $ 240,184,299 | |
Sale of Units | 8,869,002 | |
Redemption of Units | (11,149,545) | |
Net increase/(decrease) in Owners' Capital resulting from operations | 8,889,887 | |
Owners' Capital, Ending balance | 246,793,643 | |
Managing Owner [Member] | ||
Owners' Capital, Beginning balance | 5,798,155 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 182,560 | |
Owners' Capital, Ending balance | 5,980,715 | |
Limited Owners [Member] | ||
Owners' Capital, Beginning balance | 234,386,144 | |
Sale of Units | 8,869,002 | |
Redemption of Units | (11,149,545) | |
Net increase/(decrease) in Owners' Capital resulting from operations | 8,707,327 | |
Owners' Capital, Ending balance | 240,812,928 | |
Equinox Frontier Diversified Fund [Member] | ||
Owners' Capital, Beginning balance | 55,714,966 | |
Sale of Units | 7,585,885 | |
Redemption of Units | (4,595,777) | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 1,533,771 | |
Owners' Capital, Ending balance | 60,238,845 | |
Equinox Frontier Diversified Fund [Member] | Non-Controlling Interests [Member] | ||
Payment made by the Managing Owner | $ 0 | |
Equinox Frontier Diversified Fund [Member] | Class 1 [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | $ 115.52 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 118.43 | [1] |
Equinox Frontier Diversified Fund [Member] | Class 1 [Member] | Managing Owner [Member] | ||
Payment made by the Managing Owner | $ 0 | |
Net asset value per unit, Beginning balance | $ / shares | $ 115.52 | [2] |
Change in net asset value per unit for the period | $ / shares | 2.91 | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 118.43 | [2] |
Equinox Frontier Diversified Fund [Member] | Class 1 [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 11,814,234 | |
Sale of Units | 241,609 | |
Redemption of Units | (3,601,250) | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 426,185 | |
Owners' Capital, Ending balance | $ 8,880,778 | |
Owners' Capital - Units, Beginning balance | shares | 102,269 | |
Owners' Capital - Units, Sale of Units | shares | 1,953 | |
Owners' Capital - Units, Redemption of Units | shares | (29,234) | |
Owners' Capital - Units, Ending balance | shares | 74,988 | |
Net asset value per unit, Beginning balance | $ / shares | $ 115.52 | [2] |
Change in net asset value per unit for the period | $ / shares | 2.91 | [2] |
Net asset value per unit, Ending balance | $ / shares | 118.43 | [2] |
Equinox Frontier Diversified Fund [Member] | Class 2 [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 129.60 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 133.44 | [1] |
Equinox Frontier Diversified Fund [Member] | Class 2 [Member] | Managing Owner [Member] | ||
Owners' Capital, Beginning balance | $ 2,616,258 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 77,548 | |
Owners' Capital, Ending balance | $ 2,693,806 | |
Owners' Capital - Units, Beginning balance | shares | 20,188 | |
Owners' Capital - Units, Ending balance | shares | 20,188 | |
Net asset value per unit, Beginning balance | $ / shares | $ 129.60 | [2] |
Change in net asset value per unit for the period | $ / shares | 3.84 | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 133.44 | [2] |
Equinox Frontier Diversified Fund [Member] | Class 2 [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 32,016,842 | |
Sale of Units | 3,924,703 | |
Redemption of Units | (645,622) | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 867,544 | |
Owners' Capital, Ending balance | $ 36,163,467 | |
Owners' Capital - Units, Beginning balance | shares | 247,052 | |
Owners' Capital - Units, Sale of Units | shares | 28,639 | |
Owners' Capital - Units, Redemption of Units | shares | (4,676) | |
Owners' Capital - Units, Ending balance | shares | 271,015 | |
Net asset value per unit, Beginning balance | $ / shares | $ 129.60 | [2] |
Change in net asset value per unit for the period | $ / shares | 3.84 | [2] |
Net asset value per unit, Ending balance | $ / shares | 133.44 | [2] |
Equinox Frontier Diversified Fund [Member] | Class 3 [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 119.87 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 123.50 | [1] |
Equinox Frontier Diversified Fund [Member] | Class 3 [Member] | Managing Owner [Member] | ||
Owners' Capital, Beginning balance | $ 32,964 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 998 | |
Owners' Capital, Ending balance | $ 33,962 | |
Owners' Capital - Units, Beginning balance | shares | 275 | |
Owners' Capital - Units, Ending balance | shares | 275 | |
Net asset value per unit, Beginning balance | $ / shares | $ 119.87 | [2] |
Change in net asset value per unit for the period | $ / shares | 3.63 | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 123.50 | [2] |
Equinox Frontier Diversified Fund [Member] | Class 3 [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 9,234,668 | |
Sale of Units | 3,419,573 | |
Redemption of Units | (348,905) | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 161,496 | |
Owners' Capital, Ending balance | $ 12,466,832 | |
Owners' Capital - Units, Beginning balance | shares | 77,041 | |
Owners' Capital - Units, Sale of Units | shares | 26,699 | |
Owners' Capital - Units, Redemption of Units | shares | (2,792) | |
Owners' Capital - Units, Ending balance | shares | 100,948 | |
Net asset value per unit, Beginning balance | $ / shares | $ 119.87 | [2] |
Change in net asset value per unit for the period | $ / shares | 3.63 | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 123.50 | [2] |
Equinox Frontier Masters Fund [Member] | ||
Owners' Capital, Beginning balance | $ 22,828,299 | |
Sale of Units | 1,148,978 | |
Redemption of Units | (3,486,877) | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 1,350,376 | |
Owners' Capital, Ending balance | 21,840,776 | |
Equinox Frontier Masters Fund [Member] | Non-Controlling Interests [Member] | ||
Payment made by the Managing Owner | $ 0 | |
Equinox Frontier Masters Fund [Member] | Class 1 [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | $ 112.87 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 119.01 | [1] |
Equinox Frontier Masters Fund [Member] | Class 1 [Member] | Managing Owner [Member] | ||
Payment made by the Managing Owner | $ 0 | |
Net asset value per unit, Beginning balance | $ / shares | $ 112.87 | [2] |
Change in net asset value per unit for the period | $ / shares | 6.14 | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 119.01 | [2] |
Equinox Frontier Masters Fund [Member] | Class 1 [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 8,323,800 | |
Sale of Units | 53,938 | |
Redemption of Units | (1,460,661) | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 438,291 | |
Owners' Capital, Ending balance | $ 7,355,368 | |
Owners' Capital - Units, Beginning balance | shares | 73,747 | |
Owners' Capital - Units, Sale of Units | shares | 438 | |
Owners' Capital - Units, Redemption of Units | shares | (12,381) | |
Owners' Capital - Units, Ending balance | shares | 61,804 | |
Net asset value per unit, Beginning balance | $ / shares | $ 112.87 | [2] |
Change in net asset value per unit for the period | $ / shares | 6.14 | [2] |
Net asset value per unit, Ending balance | $ / shares | 119.01 | [2] |
Equinox Frontier Masters Fund [Member] | Class 2 [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 126.60 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 134.07 | [1] |
Equinox Frontier Masters Fund [Member] | Class 2 [Member] | Managing Owner [Member] | ||
Owners' Capital, Beginning balance | $ 712,391 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 42,039 | |
Owners' Capital, Ending balance | $ 754,430 | |
Owners' Capital - Units, Beginning balance | shares | 5,627 | |
Owners' Capital - Units, Ending balance | shares | 5,627 | |
Net asset value per unit, Beginning balance | $ / shares | $ 126.60 | [2] |
Change in net asset value per unit for the period | $ / shares | 7.47 | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 134.07 | [2] |
Equinox Frontier Masters Fund [Member] | Class 2 [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 7,180,967 | |
Sale of Units | 50,000 | |
Redemption of Units | (812,685) | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 440,628 | |
Owners' Capital, Ending balance | $ 6,858,910 | |
Owners' Capital - Units, Beginning balance | shares | 56,720 | |
Owners' Capital - Units, Sale of Units | shares | 369 | |
Owners' Capital - Units, Redemption of Units | shares | (5,932) | |
Owners' Capital - Units, Ending balance | shares | 51,157 | |
Net asset value per unit, Beginning balance | $ / shares | $ 126.60 | [2] |
Change in net asset value per unit for the period | $ / shares | 7.47 | [2] |
Net asset value per unit, Ending balance | $ / shares | 134.07 | [2] |
Equinox Frontier Masters Fund [Member] | Class 3 [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 117.57 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 124.59 | [1] |
Equinox Frontier Masters Fund [Member] | Class 3 [Member] | Managing Owner [Member] | ||
Owners' Capital, Beginning balance | $ 32,332 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 1,930 | |
Owners' Capital, Ending balance | $ 34,262 | |
Owners' Capital - Units, Beginning balance | shares | 275 | |
Owners' Capital - Units, Ending balance | shares | 275 | |
Net asset value per unit, Beginning balance | $ / shares | $ 117.57 | [2] |
Change in net asset value per unit for the period | $ / shares | 7.02 | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 124.59 | [2] |
Equinox Frontier Masters Fund [Member] | Class 3 [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 6,578,809 | |
Sale of Units | 1,045,040 | |
Redemption of Units | (1,213,531) | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 427,488 | |
Owners' Capital, Ending balance | $ 6,837,806 | |
Owners' Capital - Units, Beginning balance | shares | 55,955 | |
Owners' Capital - Units, Sale of Units | shares | 8,509 | |
Owners' Capital - Units, Redemption of Units | shares | (9,581) | |
Owners' Capital - Units, Ending balance | shares | 54,883 | |
Net asset value per unit, Beginning balance | $ / shares | $ 117.57 | [2] |
Change in net asset value per unit for the period | $ / shares | 7.02 | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 124.59 | [2] |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Owners' Capital, Beginning balance | $ 13,092,851 | |
Sale of Units | 25,206 | |
Redemption of Units | (733,808) | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | (240,272) | |
Owners' Capital, Ending balance | 12,143,977 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Non-Controlling Interests [Member] | ||
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | $ 0 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2 [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | $ 132.10 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 129.50 | [1] |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2 [Member] | Managing Owner [Member] | ||
Owners' Capital, Beginning balance | $ 407,255 | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | (8,035) | |
Owners' Capital, Ending balance | $ 399,220 | |
Owners' Capital - Units, Beginning balance | shares | 3,083 | |
Owners' Capital - Units, Ending balance | shares | 3,083 | |
Net asset value per unit, Beginning balance | $ / shares | $ 132.10 | [2] |
Change in net asset value per unit for the period | $ / shares | (2.60) | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 129.50 | [2] |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2 [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 586,345 | |
Redemption of Units | (56,113) | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | (11,429) | |
Owners' Capital, Ending balance | $ 518,803 | |
Owners' Capital - Units, Beginning balance | shares | 4,439 | |
Owners' Capital - Units, Redemption of Units | shares | (432) | |
Owners' Capital - Units, Ending balance | shares | 4,007 | |
Net asset value per unit, Beginning balance | $ / shares | $ 132.10 | [2] |
Change in net asset value per unit for the period | $ / shares | (2.60) | [2] |
Net asset value per unit, Ending balance | $ / shares | 129.50 | [2] |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3 [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 132.14 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 129.53 | [1] |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3 [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 5,906,669 | |
Redemption of Units | (300,584) | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | (99,949) | |
Owners' Capital, Ending balance | $ 5,506,136 | |
Owners' Capital - Units, Beginning balance | shares | 44,702 | |
Owners' Capital - Units, Redemption of Units | shares | (2,193) | |
Owners' Capital - Units, Ending balance | shares | 42,509 | |
Net asset value per unit, Beginning balance | $ / shares | $ 132.14 | |
Change in net asset value per unit for the period | $ / shares | (2.61) | |
Net asset value per unit, Ending balance | $ / shares | 129.53 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1a [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 94.76 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 92.55 | [1] |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1a [Member] | Managing Owner [Member] | ||
Contributions | $ 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | $ 0 | |
Net asset value per unit, Beginning balance | $ / shares | $ 94.76 | [2] |
Change in net asset value per unit for the period | $ / shares | (2.21) | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 92.55 | [2] |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1a [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 4,053,754 | |
Redemption of Units | (206,317) | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | (83,924) | |
Owners' Capital, Ending balance | $ 3,763,513 | |
Owners' Capital - Units, Beginning balance | shares | 42,778 | |
Owners' Capital - Units, Redemption of Units | shares | (2,114) | |
Owners' Capital - Units, Ending balance | shares | 40,664 | |
Net asset value per unit, Beginning balance | $ / shares | $ 94.76 | [2] |
Change in net asset value per unit for the period | $ / shares | (2.21) | [2] |
Net asset value per unit, Ending balance | $ / shares | 92.55 | [2] |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2a [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 106.19 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 104.16 | [1] |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2a [Member] | Managing Owner [Member] | ||
Owners' Capital, Beginning balance | $ 235,971 | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | (4,500) | |
Owners' Capital, Ending balance | $ 231,471 | |
Owners' Capital - Units, Beginning balance | shares | 2,222 | |
Owners' Capital - Units, Ending balance | shares | 2,222 | |
Net asset value per unit, Beginning balance | $ / shares | $ 106.19 | [2] |
Change in net asset value per unit for the period | $ / shares | (2.03) | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 104.16 | [2] |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2a [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 1,051,694 | |
Redemption of Units | (121,492) | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | (18,446) | |
Owners' Capital, Ending balance | $ 911,756 | |
Owners' Capital - Units, Beginning balance | shares | 9,905 | |
Owners' Capital - Units, Redemption of Units | shares | (1,151) | |
Owners' Capital - Units, Ending balance | shares | 8,754 | |
Net asset value per unit, Beginning balance | $ / shares | $ 106.19 | [2] |
Change in net asset value per unit for the period | $ / shares | (2.03) | [2] |
Net asset value per unit, Ending balance | $ / shares | 104.16 | [2] |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3a [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 106.86 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 104.89 | [1] |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3a [Member] | Managing Owner [Member] | ||
Owners' Capital, Beginning balance | $ 11,690 | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | (216) | |
Owners' Capital, Ending balance | $ 11,474 | |
Owners' Capital - Units, Beginning balance | shares | 109 | |
Owners' Capital - Units, Ending balance | shares | 109 | |
Net asset value per unit, Beginning balance | $ / shares | $ 106.86 | [2] |
Change in net asset value per unit for the period | $ / shares | (1.97) | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 104.89 | [2] |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3a [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 839,473 | |
Sale of Units | 25,206 | |
Redemption of Units | (49,302) | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | (13,773) | |
Owners' Capital, Ending balance | $ 801,604 | |
Owners' Capital - Units, Beginning balance | shares | 7,856 | |
Owners' Capital - Units, Sale of Units | shares | 231 | |
Owners' Capital - Units, Redemption of Units | shares | (444) | |
Owners' Capital - Units, Ending balance | shares | 7,643 | |
Net asset value per unit, Beginning balance | $ / shares | $ 106.86 | [2] |
Change in net asset value per unit for the period | $ / shares | (1.97) | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 104.89 | [2] |
Equinox Frontier Select Fund [Member] | ||
Owners' Capital, Beginning balance | $ 19,912,590 | |
Sale of Units | 4,233 | |
Redemption of Units | (361,720) | |
Change in control of ownership - Trading Companies | 280,988 | |
Contributions | 0 | |
Distributions | 0 | |
Operations attributable to non-controlling interests | 918,943 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 1,325,471 | |
Owners' Capital, Ending balance | 22,080,505 | |
Equinox Frontier Select Fund [Member] | Non-Controlling Interests [Member] | ||
Owners' Capital, Beginning balance | 6,816,535 | |
Change in control of ownership - Trading Companies | 280,988 | |
Contributions | 0 | |
Distributions | 0 | |
Owners' Capital, Ending balance | $ 8,016,466 | |
Equinox Frontier Select Fund [Member] | Class 1 [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | $ 90.35 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 99.40 | [1] |
Equinox Frontier Select Fund [Member] | Class 1 [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 11,710,517 | |
Sale of Units | 4,233 | |
Redemption of Units | (361,720) | |
Contributions | 0 | |
Distributions | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 1,175,285 | |
Owners' Capital, Ending balance | $ 12,528,315 | |
Owners' Capital - Units, Beginning balance | shares | 129,612 | |
Owners' Capital - Units, Sale of Units | shares | 43 | |
Owners' Capital - Units, Redemption of Units | shares | (3,616) | |
Owners' Capital - Units, Ending balance | shares | 126,039 | |
Net asset value per unit, Beginning balance | $ / shares | $ 90.35 | |
Change in net asset value per unit for the period | $ / shares | 9.05 | |
Net asset value per unit, Ending balance | $ / shares | 99.40 | |
Equinox Frontier Select Fund [Member] | Class 2 [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 125.11 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 138.68 | [1] |
Equinox Frontier Select Fund [Member] | Class 2 [Member] | Managing Owner [Member] | ||
Owners' Capital, Beginning balance | $ 8,814 | |
Contributions | 0 | |
Distributions | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 955 | |
Owners' Capital, Ending balance | $ 9,769 | |
Owners' Capital - Units, Beginning balance | shares | 70 | |
Owners' Capital - Units, Ending balance | shares | 70 | |
Net asset value per unit, Beginning balance | $ / shares | $ 125.11 | [2] |
Change in net asset value per unit for the period | $ / shares | 13.57 | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 138.68 | [2] |
Equinox Frontier Select Fund [Member] | Class 2 [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 1,329,359 | |
Contributions | 0 | |
Distributions | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 144,096 | |
Owners' Capital, Ending balance | $ 1,473,455 | |
Owners' Capital - Units, Beginning balance | shares | 10,626 | |
Owners' Capital - Units, Ending balance | shares | 10,626 | |
Net asset value per unit, Beginning balance | $ / shares | $ 125.11 | [2] |
Change in net asset value per unit for the period | $ / shares | 13.57 | [2] |
Net asset value per unit, Ending balance | $ / shares | 138.68 | [2] |
Equinox Frontier Select Fund [Member] | Class 1AP [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 94.28 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 104.50 | [1] |
Equinox Frontier Select Fund [Member] | Class 1AP [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 47,365 | |
Contributions | 0 | |
Distributions | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 5,135 | |
Owners' Capital, Ending balance | $ 52,500 | |
Owners' Capital - Units, Beginning balance | shares | 503 | |
Owners' Capital - Units, Ending balance | shares | 503 | |
Net asset value per unit, Beginning balance | $ / shares | $ 94.28 | |
Change in net asset value per unit for the period | $ / shares | 10.22 | |
Net asset value per unit, Ending balance | $ / shares | $ 104.50 | |
Equinox Frontier Winton Fund [Member] | ||
Owners' Capital, Beginning balance | $ 41,309,194 | |
Sale of Units | 41,296 | |
Redemption of Units | (243,128) | |
Change in control of ownership - Trading Companies | 759,513 | |
Contributions | 0 | |
Distributions | 0 | |
Operations attributable to non-controlling interests | 1,243,146 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 1,166,285 | |
Owners' Capital, Ending balance | 44,276,306 | |
Equinox Frontier Winton Fund [Member] | Non-Controlling Interests [Member] | ||
Owners' Capital, Beginning balance | 6,367,651 | |
Change in control of ownership - Trading Companies | 759,513 | |
Contributions | 0 | |
Distributions | 0 | |
Owners' Capital, Ending balance | $ 8,370,310 | |
Equinox Frontier Winton Fund [Member] | Class 1 [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | $ 164.17 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 169.18 | [1] |
Equinox Frontier Winton Fund [Member] | Class 1 [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 23,022,800 | |
Sale of Units | 41,296 | |
Redemption of Units | (170,765) | |
Contributions | 0 | |
Distributions | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 707,864 | |
Owners' Capital, Ending balance | $ 23,601,195 | |
Owners' Capital - Units, Beginning balance | shares | 140,239 | |
Owners' Capital - Units, Sale of Units | shares | 239 | |
Owners' Capital - Units, Redemption of Units | shares | (971) | |
Owners' Capital - Units, Ending balance | shares | 139,507 | |
Net asset value per unit, Beginning balance | $ / shares | $ 164.17 | |
Change in net asset value per unit for the period | $ / shares | 5.01 | |
Net asset value per unit, Ending balance | $ / shares | 169.18 | |
Equinox Frontier Winton Fund [Member] | Class 2 [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 217.51 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 225.82 | [1] |
Equinox Frontier Winton Fund [Member] | Class 2 [Member] | Managing Owner [Member] | ||
Owners' Capital, Beginning balance | $ 44,962 | |
Contributions | 0 | |
Distributions | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 1,718 | |
Owners' Capital, Ending balance | $ 46,680 | |
Owners' Capital - Units, Beginning balance | shares | 207 | |
Owners' Capital - Units, Ending balance | shares | 207 | |
Net asset value per unit, Beginning balance | $ / shares | $ 217.51 | [2] |
Change in net asset value per unit for the period | $ / shares | 8.31 | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 225.82 | [2] |
Equinox Frontier Winton Fund [Member] | Class 2 [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 11,837,205 | |
Redemption of Units | (72,363) | |
Contributions | 0 | |
Distributions | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 455,305 | |
Owners' Capital, Ending balance | $ 12,220,147 | |
Owners' Capital - Units, Beginning balance | shares | 54,422 | |
Owners' Capital - Units, Redemption of Units | shares | (308) | |
Owners' Capital - Units, Ending balance | shares | 54,114 | |
Net asset value per unit, Beginning balance | $ / shares | $ 217.51 | [2] |
Change in net asset value per unit for the period | $ / shares | 8.31 | [2] |
Net asset value per unit, Ending balance | $ / shares | 225.82 | [2] |
Equinox Frontier Winton Fund [Member] | Class 1AP [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 171.31 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 177.86 | [1] |
Equinox Frontier Winton Fund [Member] | Class 1AP [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 36,576 | |
Contributions | 0 | |
Distributions | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 1,398 | |
Owners' Capital, Ending balance | $ 37,974 | |
Owners' Capital - Units, Beginning balance | shares | 214 | |
Owners' Capital - Units, Ending balance | shares | 214 | |
Net asset value per unit, Beginning balance | $ / shares | $ 171.31 | |
Change in net asset value per unit for the period | $ / shares | 6.55 | |
Net asset value per unit, Ending balance | $ / shares | $ 177.86 | |
Equinox Frontier Heritage Fund [Member] | ||
Owners' Capital, Beginning balance | $ 15,474,522 | |
Sale of Units | 10,011 | |
Redemption of Units | (233,077) | |
Change in control of ownership - Trading Companies | (82,540) | |
Contributions | 0 | |
Distributions | 0 | |
Operations attributable to non-controlling interests | 443,002 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 631,785 | |
Owners' Capital, Ending balance | 16,243,703 | |
Equinox Frontier Heritage Fund [Member] | Non-Controlling Interests [Member] | ||
Owners' Capital, Beginning balance | 3,933,920 | |
Change in control of ownership - Trading Companies | (82,540) | |
Contributions | 0 | |
Distributions | 0 | |
Owners' Capital, Ending balance | $ 4,294,382 | |
Equinox Frontier Heritage Fund [Member] | Class 1 [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | $ 124.27 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 130.76 | [1] |
Equinox Frontier Heritage Fund [Member] | Class 1 [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 8,628,726 | |
Sale of Units | 10,011 | |
Redemption of Units | (217,867) | |
Contributions | 0 | |
Distributions | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 456,679 | |
Owners' Capital, Ending balance | $ 8,877,549 | |
Owners' Capital - Units, Beginning balance | shares | 69,436 | |
Owners' Capital - Units, Sale of Units | shares | 75 | |
Owners' Capital - Units, Redemption of Units | shares | (1,621) | |
Owners' Capital - Units, Ending balance | shares | 67,890 | |
Net asset value per unit, Beginning balance | $ / shares | $ 124.27 | |
Change in net asset value per unit for the period | $ / shares | 6.49 | |
Net asset value per unit, Ending balance | $ / shares | 130.76 | |
Equinox Frontier Heritage Fund [Member] | Class 2 [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 173.54 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 183.97 | [1] |
Equinox Frontier Heritage Fund [Member] | Class 2a [Member] | Managing Owner [Member] | ||
Owners' Capital, Beginning balance | $ 74,329 | |
Contributions | 0 | |
Distributions | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 4,469 | |
Owners' Capital, Ending balance | $ 78,798 | |
Owners' Capital - Units, Beginning balance | shares | 428 | |
Owners' Capital - Units, Ending balance | shares | 428 | |
Net asset value per unit, Beginning balance | $ / shares | $ 173.54 | [2] |
Change in net asset value per unit for the period | $ / shares | 10.43 | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 183.97 | [2] |
Equinox Frontier Heritage Fund [Member] | Class 2a [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 2,779,024 | |
Contributions | 0 | |
Distributions | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 167,118 | |
Owners' Capital, Ending balance | $ 2,946,142 | |
Owners' Capital - Units, Beginning balance | shares | 16,013 | |
Owners' Capital - Units, Ending balance | shares | 16,013 | |
Net asset value per unit, Beginning balance | $ / shares | $ 173.54 | [2] |
Change in net asset value per unit for the period | $ / shares | 10.43 | [2] |
Net asset value per unit, Ending balance | $ / shares | 183.97 | [2] |
Equinox Frontier Heritage Fund [Member] | Class 1AP [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 129.67 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 137.47 | [1] |
Equinox Frontier Heritage Fund [Member] | Class 1AP [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 58,523 | |
Redemption of Units | (15,210) | |
Contributions | 0 | |
Distributions | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 3,519 | |
Owners' Capital, Ending balance | $ 46,832 | |
Owners' Capital - Units, Beginning balance | shares | 452 | |
Owners' Capital - Units, Redemption of Units | shares | (111) | |
Owners' Capital - Units, Ending balance | shares | 341 | |
Net asset value per unit, Beginning balance | $ / shares | $ 129.67 | |
Change in net asset value per unit for the period | $ / shares | 7.80 | |
Net asset value per unit, Ending balance | $ / shares | $ 137.47 | |
Equinox Frontier Balanced Fund [Member] | ||
Owners' Capital, Beginning balance | $ 90,121,724 | |
Sale of Units | 53,392 | |
Redemption of Units | (1,495,158) | |
Change in control of ownership - Trading Companies | 94,513 | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Operations attributable to non-controlling interests | 108,355 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 3,122,472 | |
Owners' Capital, Ending balance | 92,005,298 | |
Equinox Frontier Balanced Fund [Member] | Non-Controlling Interests [Member] | ||
Owners' Capital, Beginning balance | 1,151,741 | |
Change in control of ownership - Trading Companies | 94,513 | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Operations attributable to non-controlling interests | 108,355 | |
Owners' Capital, Ending balance | $ 1,354,609 | |
Equinox Frontier Balanced Fund [Member] | Class 1 [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | $ 128.03 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 132.18 | [1] |
Equinox Frontier Balanced Fund [Member] | Class 1 [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 62,563,337 | |
Sale of Units | 48,635 | |
Redemption of Units | (1,432,500) | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 2,053,520 | |
Owners' Capital, Ending balance | $ 63,232,992 | |
Owners' Capital - Units, Beginning balance | shares | 488,680 | |
Owners' Capital - Units, Sale of Units | shares | 362 | |
Owners' Capital - Units, Redemption of Units | shares | (10,669) | |
Owners' Capital - Units, Ending balance | shares | 478,373 | |
Net asset value per unit, Beginning balance | $ / shares | $ 128.03 | |
Change in net asset value per unit for the period | $ / shares | 4.15 | |
Net asset value per unit, Ending balance | $ / shares | 132.18 | |
Equinox Frontier Balanced Fund [Member] | Class 2 [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 179.69 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 186.92 | [1] |
Equinox Frontier Balanced Fund [Member] | Class 2 [Member] | Managing Owner [Member] | ||
Owners' Capital, Beginning balance | $ 1,429,544 | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 57,482 | |
Owners' Capital, Ending balance | $ 1,487,026 | |
Owners' Capital - Units, Beginning balance | shares | 7,956 | |
Owners' Capital - Units, Ending balance | shares | 7,956 | |
Net asset value per unit, Beginning balance | $ / shares | $ 179.69 | [2] |
Change in net asset value per unit for the period | $ / shares | 7.23 | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 186.92 | [2] |
Equinox Frontier Balanced Fund [Member] | Class 2 [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 21,278,864 | |
Sale of Units | 4,757 | |
Redemption of Units | (8,788) | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 855,272 | |
Owners' Capital, Ending balance | $ 22,130,105 | |
Owners' Capital - Units, Beginning balance | shares | 118,419 | |
Owners' Capital - Units, Sale of Units | shares | 25 | |
Owners' Capital - Units, Redemption of Units | shares | (49) | |
Owners' Capital - Units, Ending balance | shares | 118,395 | |
Net asset value per unit, Beginning balance | $ / shares | $ 179.69 | [2] |
Change in net asset value per unit for the period | $ / shares | 7.23 | [2] |
Net asset value per unit, Ending balance | $ / shares | 186.92 | [2] |
Equinox Frontier Balanced Fund [Member] | Class 2a [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 154.88 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 161.49 | [1] |
Equinox Frontier Balanced Fund [Member] | Class 2a [Member] | Managing Owner [Member] | ||
Owners' Capital, Beginning balance | $ 191,645 | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 8,172 | |
Owners' Capital, Ending balance | $ 199,817 | |
Owners' Capital - Units, Beginning balance | shares | 1,237 | |
Owners' Capital - Units, Ending balance | shares | 1,237 | |
Net asset value per unit, Beginning balance | $ / shares | $ 154.88 | [2] |
Change in net asset value per unit for the period | $ / shares | 6.61 | [2] |
Net asset value per unit, Ending balance | $ / shares | $ 161.49 | [2] |
Equinox Frontier Balanced Fund [Member] | Class 2a [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 356,425 | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 15,199 | |
Owners' Capital, Ending balance | $ 371,624 | |
Owners' Capital - Units, Beginning balance | shares | 2,302 | |
Owners' Capital - Units, Ending balance | shares | 2,302 | |
Net asset value per unit, Beginning balance | $ / shares | $ 154.88 | [2] |
Change in net asset value per unit for the period | $ / shares | 6.61 | [2] |
Net asset value per unit, Ending balance | $ / shares | 161.49 | [2] |
Equinox Frontier Balanced Fund [Member] | Class 3a [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 154.37 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 160.96 | [1] |
Equinox Frontier Balanced Fund [Member] | Class 3a [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 2,435,421 | |
Redemption of Units | (4,606) | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 104,087 | |
Owners' Capital, Ending balance | $ 2,534,902 | |
Owners' Capital - Units, Beginning balance | shares | 15,776 | |
Owners' Capital - Units, Redemption of Units | shares | (27) | |
Owners' Capital - Units, Ending balance | shares | 15,749 | |
Net asset value per unit, Beginning balance | $ / shares | $ 154.37 | |
Change in net asset value per unit for the period | $ / shares | 6.59 | |
Net asset value per unit, Ending balance | $ / shares | 160.96 | |
Equinox Frontier Balanced Fund [Member] | Class 1AP [Member] | ||
Net asset value per unit, Beginning balance | $ / shares | 133.59 | [1] |
Net asset value per unit, Ending balance | $ / shares | $ 138.97 | [1] |
Equinox Frontier Balanced Fund [Member] | Class 1AP [Member] | Limited Owners [Member] | ||
Owners' Capital, Beginning balance | $ 714,747 | |
Redemption of Units | (49,264) | |
Contributions | 0 | |
Distributions | 0 | |
Payment made by the Managing Owner | 0 | |
Net increase/(decrease) in Owners' Capital resulting from operations | 28,740 | |
Owners' Capital, Ending balance | $ 694,223 | |
Owners' Capital - Units, Beginning balance | shares | 5,351 | |
Owners' Capital - Units, Redemption of Units | shares | (355) | |
Owners' Capital - Units, Ending balance | shares | 4,996 | |
Net asset value per unit, Beginning balance | $ / shares | $ 133.59 | |
Change in net asset value per unit for the period | $ / shares | 5.38 | |
Net asset value per unit, Ending balance | $ / shares | $ 138.97 | |
[1] | Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. | |
[2] | Values are for both the Managing Owner and Limited Owners. |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | $ 8,889,887 | $ 34,665,967 |
Net change in open trade equity, at fair value | (4,283,999) | 11,423,649 |
Net change in options purchased | 310,138 | (6,419,090) |
Net change in options written | 39,590 | 6,237,689 |
(Purchases) of swap contracts | (1,000,000) | |
Sales of swap contracts | 0 | 0 |
Receivable from futures commission merchants | (653,071) | (8,705,337) |
Distributions from trading companies | 0 | 0 |
Prepaid service fees | 11,464 | (6,460) |
Interest receivable | 1,227,949 | 1,217,660 |
Receivable from related parties | 587 | 935 |
Other assets | 17 | 500,000 |
Incentive fees payable to Managing Owner | 1,967,471 | (1,762,554) |
Management fees payable to Managing Owner | (7,183) | (3,567) |
Interest payable to Managing Owner | 26,237 | 24,238 |
Trading fees payable to Managing Owner | 7,080 | 20,142 |
Service fees payable to Managing Owner | (2,878) | 18,943 |
Payables to related parties | (730) | 8,200 |
Other liabilities | 20 | |
Net cash provided by (used in) operating activities | (9,692,936) | 2,039,135 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of capital | 8,869,002 | 4,097,823 |
Payment for redemption of capital | (11,149,545) | (17,052,044) |
Payment from the Managing Owner | 1,211,610 | |
Pending owner additions | 1,661 | 5,149 |
Owner redemptions payable | (375,181) | 135,956 |
Net cash provided by (used in) financing activities | (2,654,063) | (11,601,506) |
Net increase (decrease) in cash and cash equivalents | (12,346,999) | (9,562,371) |
Cash and cash equivalents, beginning of period | 13,975,625 | 18,977,844 |
Cash and cash equivalents, end of period | 1,628,626 | 9,415,473 |
U.S. TREASURY SECURITIES [Member] | ||
Cash Flows from Operating Activities: | ||
(Purchases) of U.S. Trasury securities | (25,877,151) | |
Sales of Treasury securities | 10,299,176 | (21,196,875) |
U.S. Treasury interest and premium paid/amortized | 564,478 | 694,829 |
Net unrealized gain/(loss) on investments | (4,903,532) | (2,735,063) |
Net realized gain/(loss) on investments | (71,093) | |
Swap [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | 2,620,421 | (10,944,171) |
Equinox Frontier Diversified Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | 1,533,771 | 13,030,463 |
Net change in open trade equity, at fair value | 645,700 | |
Net change in options purchased | (36,590) | |
Net change in options written | (145,851) | |
Net change in ownership allocation of U.S. Treasury securities | (5,614,267) | (178,938) |
Receivable from futures commission merchants | 3,217,669 | |
Change in control of ownership - trading companies | (4,686,248) | |
Investments in unconsolidated trading companies, at fair value | 1,019,187 | 129,407 |
Prepaid service fees | 3,771 | (5,050) |
Interest receivable | 253,771 | 267,335 |
Other assets | 249,997 | |
Incentive fees payable to Managing Owner | 716,122 | (753,583) |
Management fees payable to Managing Owner | (2,145) | 1,797 |
Interest payable to Managing Owner | 2,642 | 910 |
Trading fees payable to Managing Owner | 8,726 | 10,676 |
Service fees payable to Managing Owner | (3,374) | (909) |
Payables to related parties | (812) | 1,135 |
Other liabilities | (1) | |
Net cash provided by (used in) operating activities | (5,820,789) | 3,287,875 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of capital | 7,585,885 | 3,060,993 |
Payment for redemption of capital | (4,595,777) | (8,736,585) |
Payment from the Managing Owner | 144,349 | |
Pending owner additions | 29 | 280 |
Owner redemptions payable | (309) | 150,010 |
Net cash provided by (used in) financing activities | 2,989,828 | (5,380,953) |
Net increase (decrease) in cash and cash equivalents | (2,830,961) | (2,093,078) |
Cash and cash equivalents, beginning of period | 3,283,973 | 4,210,638 |
Cash and cash equivalents, end of period | 453,012 | 2,117,560 |
Equinox Frontier Diversified Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Cash Flows from Operating Activities: | ||
(Purchases) of U.S. Trasury securities | (6,518,818) | (4,787,243) |
Sales of Treasury securities | 2,760,417 | |
Net unrealized gain/(loss) on investments | (1,201,604) | (684,086) |
Net realized gain/(loss) on investments | (18,406) | |
Equinox Frontier Diversified Fund [Member] | Swap [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | 1,240,231 | (2,988,716) |
Equinox Frontier Masters Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | 1,350,376 | 2,578,394 |
Net change in ownership allocation of U.S. Treasury securities | 2,709,419 | 3,311,932 |
Investments in unconsolidated trading companies, at fair value | (1,407,118) | (3,013,677) |
Prepaid service fees | 7,355 | (1,732) |
Interest receivable | 140,930 | 160,364 |
Receivable from related parties | (4,488) | 598 |
Incentive fees payable to Managing Owner | 183,977 | (186,742) |
Management fees payable to Managing Owner | (968) | 2,966 |
Interest payable to Managing Owner | (181) | (773) |
Trading fees payable to Managing Owner | (2,276) | 932 |
Service fees payable to Managing Owner | (1,073) | 3,951 |
Other liabilities | 27 | |
Net cash provided by (used in) operating activities | 941,599 | 220,365 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of capital | 1,148,978 | 865,703 |
Payment for redemption of capital | (3,486,877) | (2,425,896) |
Pending owner additions | 43 | 239 |
Owner redemptions payable | 108,020 | 37,184 |
Net cash provided by (used in) financing activities | (2,229,836) | (1,522,770) |
Net increase (decrease) in cash and cash equivalents | (1,288,237) | (1,302,405) |
Cash and cash equivalents, beginning of period | 1,421,994 | 2,199,066 |
Cash and cash equivalents, end of period | 133,757 | 896,661 |
Equinox Frontier Masters Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Cash Flows from Operating Activities: | ||
(Purchases) of U.S. Trasury securities | (2,380,650) | (2,291,604) |
Sales of Treasury securities | 846,363 | |
Net unrealized gain/(loss) on investments | (494,017) | (344,244) |
Net realized gain/(loss) on investments | (6,077) | |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | (240,272) | 2,316,181 |
Net change in ownership allocation of U.S. Treasury securities | 1,126,530 | (699,172) |
Investments in unconsolidated trading companies, at fair value | (147,956) | 813,933 |
Prepaid service fees | 338 | 322 |
Interest receivable | 56,927 | 66,333 |
Receivable from related parties | (818) | 338 |
Incentive fees payable to Managing Owner | 106,193 | 80,556 |
Management fees payable to Managing Owner | (2,212) | (1,799) |
Interest payable to Managing Owner | 706 | 747 |
Trading fees payable to Managing Owner | (863) | 1,010 |
Service fees payable to Managing Owner | 452 | 516 |
Other liabilities | 1 | (1) |
Net cash provided by (used in) operating activities | 189,723 | (614,480) |
Cash Flows from Financing Activities: | ||
Proceeds from sale of capital | 25,206 | 46,303 |
Payment for redemption of capital | (733,808) | (839,912) |
Payment from the Managing Owner | 907,163 | |
Owner redemptions payable | 1,500 | (8,935) |
Net cash provided by (used in) financing activities | (707,102) | 104,619 |
Net increase (decrease) in cash and cash equivalents | (517,379) | (509,861) |
Cash and cash equivalents, beginning of period | 570,169 | 1,110,779 |
Cash and cash equivalents, end of period | 52,790 | 600,918 |
Equinox Frontier Long/Short Commodity Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Cash Flows from Operating Activities: | ||
(Purchases) of U.S. Trasury securities | (948,803) | (1,395,765) |
Sales of Treasury securities | 361,384 | (1,000,000) |
Net unrealized gain/(loss) on investments | (194,814) | (128,767) |
Net realized gain/(loss) on investments | (2,649) | |
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | 75,579 | (668,912) |
Equinox Frontier Balanced Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | 3,230,827 | 13,757,430 |
Net change in open trade equity, at fair value | 17,640 | 3,028,571 |
Net change in ownership allocation of U.S. Treasury securities | (2,195,925) | (8,010,664) |
Net change in ownership allocation of total return swaps | 0 | 0 |
Net change in custom time deposits | 0 | 0 |
Sales of swap contracts | 0 | 0 |
Receivable from futures commission merchants | 69,519 | 11,523,045 |
Change in control of ownership - trading companies | 94,513 | (8,327,863) |
Investments in unconsolidated trading companies, at fair value | 30,155 | 901,079 |
Interest receivable | 415,909 | 315,275 |
Other assets | 250,000 | |
Incentive fees payable to Managing Owner | 829,054 | (306,361) |
Management fees payable to Managing Owner | (1,458) | (7,383) |
Interest payable to Managing Owner | 18,088 | 26,134 |
Trading fees payable to Managing Owner | 852 | 5,207 |
Service fees payable to Managing Owner | 108 | 9,510 |
Payables to related parties | 2,015 | 2,462 |
Other liabilities | 4 | |
Net cash provided by (used in) operating activities | (2,488,718) | 841,190 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of capital | 53,392 | 61,926 |
Payment for redemption of capital | (1,495,158) | (3,435,656) |
Payment from the Managing Owner | 160,098 | |
Pending owner additions | 991 | 2,872 |
Owner redemptions payable | (366,226) | (1,542) |
Net cash provided by (used in) financing activities | (1,807,001) | (3,212,302) |
Net increase (decrease) in cash and cash equivalents | (4,295,719) | (2,371,112) |
Cash and cash equivalents, beginning of period | 4,895,183 | 5,644,510 |
Cash and cash equivalents, end of period | 599,464 | 3,273,398 |
Equinox Frontier Balanced Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Cash Flows from Operating Activities: | ||
(Purchases) of U.S. Trasury securities | (9,340,565) | (6,360,723) |
Sales of Treasury securities | 3,835,630 | |
Net unrealized gain/(loss) on investments | (1,670,998) | (737,851) |
Net realized gain/(loss) on investments | (25,792) | |
Equinox Frontier Balanced Fund [Member] | Swap [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | 2,201,706 | (5,226,678) |
Equinox Frontier Select Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | 2,244,414 | 2,365,396 |
Net change in open trade equity, at fair value | 4,350 | (958,673) |
Net change in ownership allocation of U.S. Treasury securities | 789,804 | 3,949,649 |
Net change in ownership allocation of total return swaps | 0 | 0 |
Net change in custom time deposits | 0 | 0 |
Sales of swap contracts | 0 | 0 |
Receivable from futures commission merchants | (2,519,184) | (14,715,637) |
Change in control of ownership - trading companies | 280,988 | 6,674,834 |
Investments in unconsolidated trading companies, at fair value | (410,760) | 3,368,672 |
Interest receivable | 24,176 | 78,965 |
Other assets | 3 | |
Incentive fees payable to Managing Owner | 23,986 | (26,820) |
Management fees payable to Managing Owner | 1,404 | 1,127 |
Interest payable to Managing Owner | (527) | (5,884) |
Trading fees payable to Managing Owner | 296 | 733 |
Service fees payable to Managing Owner | 793 | 3,196 |
Payables to related parties | 165 | 97 |
Other liabilities | (156) | |
Net cash provided by (used in) operating activities | 150,384 | (335,686) |
Cash Flows from Financing Activities: | ||
Proceeds from sale of capital | 4,233 | 5,664 |
Payment for redemption of capital | (361,720) | (340,894) |
Pending owner additions | 115 | 387 |
Owner redemptions payable | 2,651 | (124) |
Net cash provided by (used in) financing activities | (354,721) | (334,967) |
Net increase (decrease) in cash and cash equivalents | (204,337) | (670,653) |
Cash and cash equivalents, beginning of period | 220,371 | 878,280 |
Cash and cash equivalents, end of period | 16,034 | 207,627 |
Equinox Frontier Select Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Cash Flows from Operating Activities: | ||
(Purchases) of U.S. Trasury securities | (320,766) | (911,929) |
Sales of Treasury securities | 103,593 | |
Net unrealized gain/(loss) on investments | (71,447) | (159,412) |
Net realized gain/(loss) on investments | (748) | |
Equinox Frontier Winton Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | 2,409,431 | 3,676,291 |
Sales of custom time deposits | 0 | 0 |
Net change in open trade equity, at fair value | (76,154) | |
Net change in ownership allocation of U.S. Treasury securities | 2,959,214 | 1,797,790 |
Net change in ownership allocation of total return swaps | 0 | 0 |
Net change in custom time deposits | 0 | 0 |
Receivable from futures commission merchants | (4,344,236) | |
Change in control of ownership - trading companies | 759,513 | |
Investments in unconsolidated trading companies, at fair value | (134,046) | (1,493,014) |
Interest receivable | 273,181 | 267,277 |
Other assets | 2 | |
Incentive fees payable to Managing Owner | 99,067 | (462,955) |
Management fees payable to Managing Owner | (1,228) | 314 |
Interest payable to Managing Owner | 6,484 | 2,705 |
Trading fees payable to Managing Owner | 268 | 907 |
Service fees payable to Managing Owner | 152 | 501 |
Payables to related parties | 3,649 | 4,220 |
Net cash provided by (used in) operating activities | (2,367,316) | (1,204,485) |
Cash Flows from Financing Activities: | ||
Proceeds from sale of capital | 41,296 | 45,490 |
Payment for redemption of capital | (243,128) | (940,759) |
Pending owner additions | 331 | 811 |
Owner redemptions payable | (51,671) | (21,902) |
Net cash provided by (used in) financing activities | (253,172) | (916,360) |
Net increase (decrease) in cash and cash equivalents | (2,620,488) | (2,120,845) |
Cash and cash equivalents, beginning of period | 2,928,616 | 4,012,974 |
Cash and cash equivalents, end of period | 308,128 | 1,892,129 |
Equinox Frontier Winton Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Cash Flows from Operating Activities: | ||
(Purchases) of U.S. Trasury securities | (5,237,808) | (4,444,636) |
Sales of Treasury securities | 1,972,415 | |
Net unrealized gain/(loss) on investments | (1,042,863) | (553,885) |
Net realized gain/(loss) on investments | (14,357) | |
Equinox Frontier Heritage Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | 1,074,787 | 2,734,802 |
Sales of custom time deposits | 0 | 0 |
Net change in ownership allocation of U.S. Treasury securities | 931,889 | 524,232 |
Net change in ownership allocation of total return swaps | 0 | 0 |
Net change in custom time deposits | 0 | 0 |
Change in control of ownership - trading companies | (82,540) | (856) |
Investments in unconsolidated trading companies, at fair value | (456,441) | (180,521) |
Interest receivable | 63,055 | 62,111 |
Other assets | 2 | |
Incentive fees payable to Managing Owner | 9,072 | (106,649) |
Management fees payable to Managing Owner | (576) | (589) |
Interest payable to Managing Owner | 807 | 342 |
Trading fees payable to Managing Owner | 77 | 677 |
Service fees payable to Managing Owner | 64 | 2,178 |
Payables to related parties | 301 | 286 |
Net cash provided by (used in) operating activities | (297,818) | (155,645) |
Cash Flows from Financing Activities: | ||
Proceeds from sale of capital | 10,011 | 11,744 |
Payment for redemption of capital | (233,077) | (332,342) |
Pending owner additions | 152 | 560 |
Owner redemptions payable | (69,146) | (18,735) |
Net cash provided by (used in) financing activities | (292,060) | (338,773) |
Net increase (decrease) in cash and cash equivalents | (589,878) | (494,418) |
Cash and cash equivalents, beginning of period | 655,319 | 921,598 |
Cash and cash equivalents, end of period | 65,441 | 427,180 |
Equinox Frontier Heritage Fund [Member] | U.S. TREASURY SECURITIES [Member] | ||
Cash Flows from Operating Activities: | ||
(Purchases) of U.S. Trasury securities | (1,129,741) | (1,004,975) |
Sales of Treasury securities | 419,374 | |
Net unrealized gain/(loss) on investments | (227,789) | (126,818) |
Net realized gain/(loss) on investments | (3,064) | |
Equinox Frontier Heritage Fund [Member] | Swap [Member] | ||
Cash Flows from Operating Activities: | ||
Net unrealized gain/(loss) on investments | $ (897,095) | $ (2,059,865) |
Organization and Purpose
Organization and Purpose | 3 Months Ended |
Mar. 31, 2016 | |
The Series of Equinox Frontier Funds [Member] | |
Organization and Purpose | 1. Organization and Purpose Equinox Frontier Funds, which is referred to in this report as the “Trust”, was formed on August 8, 2003, as a Delaware statutory trust. Please refer to the consolidated financial statements of the Trust included within this periodic report. The Trust is a multi-advisor commodity pool, as described in Commodity Futures Trading Commission (the “CFTC”) Regulation § 4.10(d)(2). The Trust has authority to issue separate series, or each, a Series, of units of beneficial interest (the “Units”) pursuant to the requirements of the Delaware Statutory Trust Act, as amended (the “Trust Act”). The assets of each Series are valued and accounted for separately from the assets of other Series. The Trust is not registered as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). It is managed by its managing owner, Equinox Fund Management, LLC (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, by and among the Managing Owner, Wilmington Trust Company as trustee and the unitholders, as may be amended from time to time (the “Trust Agreement”), unitholders in a Delaware statutory trust will have the same limitation of liability as do stockholders of private corporations organized under the General Corporation Law of the State of Delaware. The Trust Agreement confers substantially the same limited liability, and contains the same limited exceptions thereto, as would a limited partnership agreement for a Delaware limited partnership engaged in like transactions as the Trust. In addition, pursuant to the Trust Agreement, the Managing Owner of the Trust is liable for obligations of a Series in excess of that Series’ assets. Limited Owners do not have any such liability. The Managing Owner will make contributions to the Series of the Trust necessary to maintain at least a 1% interest in the aggregate capital, profits and losses of the combined Series of the Trust. The Trust, in relation to the Series, has been organized to pool assets of investor funds for the purpose of trading in the United States (“U.S.”) and international markets for currencies, interest rates, stock indices, agricultural and energy products, precious and base metals and other commodities. The Trust, in relation to the Series, may also engage in futures contracts, forwards, option contracts and other interest in derivative instruments, including swap contracts (“Swaps”). The Trust has seven (7) separate and distinct Series of Units issued and outstanding: Equinox Frontier Diversified Fund, Equinox Frontier Masters Fund, Equinox Frontier Long/Short Commodity Fund, Equinox Frontier Balanced Fund, Equinox Frontier Select Fund, Equinox Frontier Winton Fund, and Equinox Frontier Heritage Fund, (each a “Series” and collectively, the “Series”). The Trust, with respect to the Series, may issue additional Series of Units. The Trust, with respect to each Series: • engages in the speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts), and may, from time to time, engage in cash and spot transactions; • allocates funds to a limited liability trading company or companies (“Trading Company”). Except as otherwise described in these notes, each Trading Company has one-year renewable contracts with its own independent commodity trading advisor(s), or each, a Trading Advisor, that will manage all or a portion of such Trading Company’s assets and make the trading decisions for the assets of each Series vested in such Trading Company. Each Trading Company will segregate its assets from any other Trading Company; • maintains separate, distinct records for each Series, and accounts for the assets of each Series separately from the other Series; • calculates the Net Asset Value (“NAV”) of its Units for each Series separately from the other Series; • has an investment objective of increasing the value of each Series’ Units over the long term (capital appreciation), while 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 with between three to five sub-classes—Class 1, Class 1a, Class 2, Class 2a, Class 3, and Class 3a. Investors who have purchased Class 1, or Class 1a Units of any Series are charged a service fee of up to three percent (3.0%) annually of the NAV of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 and Class 1a Units of any Series during the first twelve (12) months following the effective date of their purchase are subject to a redemption fee of up to three percent (3.0%) of the NAV at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to selling agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Equinox Frontier Diversified Fund, and Equinox Frontier Masters Fund or Class 2a Units of the Equinox Frontier Long/Short Commodity Fund sold) until such Class 2 or Class 2a Units which are subject to the fee limitation are reclassified as Class 3 or Class 3a Units of the applicable Series. Class 1AP was created as a sub-class of Class 1 and it has been presented separately because the fees applicable to it are different from those applicable to Class 1. Currently the service fee is not charged to Class 1AP investors. The Managing Owner may also pay selling agents certain additional fees and expenses for administrative and other services rendered and expenses incurred by such selling agents; and • all payments made to selling agents who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and their associated persons that constitute underwriting compensation will be subject to the limitations set forth in Rule 2310(b)(4)(B)(ii) (formerly Rule 2810(b)(4)(B)(ii)) of the Conduct Rules of FINRA (“Rule 2310”). An investor’s Class 1 Units or Class 2 Units of any Series, or Class 1a Units or Class 2a Units of the Equinox Frontier Long/Short Commodity Fund or Equinox Frontier Balanced Fund will be classified as Class 3 or Class 3a Units of such Series, as applicable, when the Managing Owner determines that the fee limitation set forth in Rule 2310 with respect to such Units has been reached or will be reached. No service fees are paid with respect to Class 3 or Class 3a Units. Units of any Class in a Series may be redeemed, in whole or in part, on a daily basis, at the then current NAV per Unit for such Series on the day of the week after the date the Managing Owner is in receipt of a redemption request for at least one (1) Business Day to be received by the Managing Owner prior to 4:00 PM in New York. The assets of any particular Series include only those funds and other assets that are paid to, held by or distributed to the Trust, with respect to the Series, on account of and for the benefit of that Series. Under the “Inter-Series Limitation on Liability” expressly provided for under Section 3804(a) of the Trust Act, separate and distinct records of the cash and equivalents, although pooled for maximizing returns, are maintained in the books and records of each Series. As of March 31, 2016, the Trust, with respect to the Equinox Frontier Diversified Fund, Equinox Frontier Masters Fund, Equinox Frontier Select Fund, Equinox Frontier Winton Fund and Equinox Frontier Heritage Fund separates Units into three separate Classes—Class 1, Class 2, and Class 3. The Trust, with respect to the Equinox Frontier Balanced Fund and the Equinox Frontier Long/Short Commodity Fund separates Units into a maximum of six separate Classes—Class 1, Class 2, Class 3, Class 1a, Class 2a and Class 3a. It is expected that between 10% and 30% of each Series’ assets normally will be invested in one or more Trading Companies to be committed as margin for trading positions, but from time to time these percentages may be substantially more or less. The remainder of each Series’ assets is maintained at the Trust level for cash management. Each of the respective Series has invested monies into pooled cash management assets which have included purchases of U.S. Treasury Securities Each Series’ ownership in these investments is based on its percentage ownership in the pooled cash management assets on the reporting date. As of March 31, 2016, Equinox Frontier Winton Fund has invested a portion of its assets in a single Trading Company, and a single Trading Advisor manages 100% of the assets invested in such Trading Company. Each of the remaining Series has invested a portion of its assets in several different Trading Companies and one or more Trading Advisors may manage the assets invested in such Trading Companies. The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, currency trading companies, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence or bad faith. Each Series of the Trust may invest a portion of its assets in a single Trading Company or in several different Trading Companies and may have multiple Trading Advisors that manage the assets invested in such Trading Companies. On November 26, 2014, the Trust’s portfolio management team approved an allocation change in an Emil Van Essen trading program that was not fully implemented as intended. As a result, certain series who invested in Emil Van Essen were not allocated sufficient gains and certain other series who invested in Emil Van Essen suffered greater losses. In January 2015, the Managing Owner determined to make a payment to the affected investors within the Equinox Frontier Balanced Fund, Equinox Frontier Diversified Fund and Equinox Frontier Long/Short Commodity Fund, in the aggregate amount of $1,211,610 to reimburse the effect of the missed gain or higher loss on such investors in the series, and such amount was recorded in the Statement of Changes in Owners’ Capital as Payment Made by the Managing Owner. |
Equinox Frontier Funds [Member] | |
Organization and Purpose | 1. Organization and Purpose Equinox Frontier Funds, which is referred to in this report as the “Trust”, was formed on August 8, 2003, as a Delaware statutory trust. The Trust is a multi-advisor commodity pool, as described in CFTC Regulation § 4.10(d)(2). The Trust has authority to issue separate Series of Units pursuant to the requirements of the Trust Act. The assets of each Series are valued and accounted for separately from the assets of other Series. The Trust is not registered as an investment company under the Investment Company Act. It is managed by the Managing Owner. Purchasers of Units are Limited Owners of the Trust with respect to beneficial interests of the Series’ Units purchased. The Trust Act provides that, except as otherwise provided in the second amended and restated declaration of trust and trust agreement dated December 9, 2013, by and among the Managing Owner, Wilmington Trust Company as trustee and the unitholders, as amended from time to time (the “Trust Agreement”), unitholders in a Delaware statutory trust will have the same limitation of liability as do stockholders of private corporations organized under the General Corporation Law of the State of Delaware. The Trust Agreement confers substantially the same limited liability, and contains the same limited exceptions thereto, as would a limited partnership agreement for a Delaware limited partnership engaged in like transactions as the Trust. In addition, pursuant to the Trust Agreement, the Managing Owner of the Trust is liable for obligations of a Series in excess of that Series’ assets. Limited Owners do not have any such liability. The Managing Owner will make contributions to the Series of the Trust necessary to maintain at least a 1% interest in the aggregate capital, profits and losses of all Series. The Trust has been organized to pool investor funds for the purpose of trading in the U.S. and international markets for currencies, interest rates, stock indices, agricultural and energy products, precious and base metals and other commodities. The Trust may also engage in futures contracts, forwards, option contracts and other interest in derivative instruments, including swap contracts (“Swaps”). The Trust has seven (7) separate and distinct Series of Units issued and outstanding: Equinox Frontier Diversified Fund, Equinox Frontier Masters Fund, Equinox Frontier Long/Short Commodity Fund, Equinox Frontier Balanced Fund, Equinox Frontier Select Fund, Equinox Frontier Winton Fund, and Equinox Frontier Heritage Fund. The Trust financial statements are comprised of unitized Series which are consolidated into the Trust financial statements. However, the consolidated Trust does not issue units. The Trust, with respect to each Series: • engages in the speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts), and may, from time to time, engage in cash and spot transactions; • allocates funds to a limited liability trading company or companies (“Trading Company” or “Trading Companies”). Except as otherwise described in these notes, each Trading Company has one-year renewable contracts with its own independent commodity trading advisor(s), or each, a Trading Advisor, that will manage all or a portion of such Trading Company’s assets and make the trading decisions for the assets of each Series vested in such Trading Company. Each Trading Company will segregate its assets from any other Trading Company; • maintains separate, distinct records for each Series, and accounts for the assets of each Series separately from the other Series; • calculates the Net Asset Value (“NAV”) of its Units for each Series separately from the other Series; • has an investment objective of increasing the value of each Series’ Units over the long term (capital appreciation), while 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 between two 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 any Series are charged a service fee of up to three percent (3.0%) annually of the NAV of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1, Class 1a and Class 1AP Units of any Series during the first twelve (12) months following the effective date of their purchase are subject to a redemption fee of up to three percent (3.0%) of the NAV at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to selling agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Equinox Frontier Diversified Fund, and Equinox Frontier Masters Fund or Class 2a Units of the Equinox Frontier Long/Short Commodity Fund sold) until such Class 2 or Class 2a Units which are subject to the fee limitation are reclassified as Class 3 or Class 3a Units of the applicable Series. The Managing Owner may also pay selling agents certain additional fees and expenses for administrative and other services rendered and expenses incurred by such selling agents; and • all payments made to selling agents who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and their associated persons that constitute underwriting compensation will be subject to the limitations set forth in Rule 2310(b)(4)(B)(ii) (formerly Rule 2810(b)(4)(B)(ii)) of the Conduct Rules of FINRA (“Rule 2310”). An investor’s Class 1 Units or Class 2 Units of any Series, or Class 1a Units or Class 2a Units of the Equinox Frontier Long/Short Commodity Fund or Equinox Frontier Balanced Fund will be classified as Class 3 or Class 3a Units of such Series, as applicable, when the Managing Owner determines that the fee limitation set forth in Rule 2310 with respect to such Units has been reached or will be reached. No service fees are paid with respect to Class 3 or Class 3a Units. Units of any Class in a Series may be redeemed, in whole or in part, on a daily basis, at the then current NAV per Unit for such Series on the day of the week after the date the Managing Owner is in receipt of a redemption request for at least one (1) Business Day to be received by the Managing Owner prior to 4:00 PM in New York. The assets of any particular Series include only those funds and other assets that are paid to, held by or distributed to the Trust on account of and for the benefit of that Series. Under the “Inter-Series Limitation on Liability” expressly provided for under Section 3804(a) of the Trust Act, separate and distinct records of the cash and equivalents, although pooled for maximizing returns, are maintained in the books and records of each Series. As of December 31, 2015, the Trust, with respect to the Equinox Frontier Diversified Fund, Equinox Frontier Masters Fund, Equinox Frontier Select Fund, Equinox Frontier Winton Fund and Equinox Frontier Heritage Fund separates Units into three separate Classes—Class 1, Class 2, and Class 3. The Trust, with respect to the Equinox Frontier Balanced Fund and the Equinox Frontier Long/Short Commodity Fund separates Units into a maximum of six separate Classes—Class 1, Class 2, Class 3, Class 1a, Class 2a and Class 3a. It is expected that between 10% and 30% of each Series’ assets normally will be invested in one or more Trading Companies to be committed as margin for trading positions, but from time to time these percentages may be substantially more or less. The remainders of each Series’ assets are maintained at the Trust level for cash management. Each of the respective Series has invested monies into pooled cash management assets which have included purchases of U.S. Treasury Securities. Each Series’ ownership in these investments is based on its percentage ownership in the pooled cash management assets on the reporting date. Each Series of the Trust may invest a portion of its assets in a single Trading Company or in several different Trading Companies and may have multiple Trading Advisors that manage the assets invested in such Trading Companies. On November 26, 2014, the Trust’s portfolio management team approved an allocation change in an Emil Van Essen trading program that was not fully implemented as intended. As a result, certain series who invested in Emil Van Essen were not allocated sufficient gains and certain other series who invested in Emil Van Essen suffered greater losses. In January 2015, the Managing Owner determined to make a payment to the affected investors within the Equinox Frontier Balanced Fund, Equinox Frontier Diversified Fund and Equinox Frontier Long/Short Commodity Fund, in the aggregate amount of $1,211,610 to reimburse the effect of the missed gain or higher loss on such investors in the series, and such amount was recorded in the Statement of Changes in Owners’ Capital as Payment Made by the Managing Owner. The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, currency trading companies, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence or bad faith. |
Significant Accounting Policies
Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2016 | |
The Series of Equinox Frontier Funds [Member] | |
Significant Accounting Policies | 2. Significant Accounting Policies The following are the significant accounting policies of the Series of the Trust. Basis of Presentation Consolidation As of March 31, 2016, the consolidated balance sheet of Equinox Frontier Balanced Fund included the assets and liabilities of its majority owned Trading Companies. These Trading Companies include Frontier Trading Company XIV, LLC, Frontier Trading Company XXIII, LLC, Frontier Trading Company XXIX, LLC and Frontier Trading Company XXXIV, LLC. For the three months ended March 31, 2016, the consolidated statement of operations of Equinox Frontier Balanced Fund included the earnings of its majority owned Trading Companies listed above. As of March 31, 2016, the consolidated balance sheet of Equinox Frontier Long/Short Commodity Fund included the assets and liabilities of its majority owned Trading Company, Frontier Trading Company XXXVII, LLC. For the three months ended March 31, 2016, the consolidated statement of operations of Equinox Frontier Long/Short Commodity Fund included the earnings of its majority owned Trading Company listed above. As of March 31, 2016, the consolidated balance sheet of Equinox Frontier Diversified Fund included the assets and liabilities of its majority owned Frontier Trading Company XXXV, LLC. For the three months ended March 31, 2016, the consolidated statement of operations of Equinox Frontier Diversified Fund included the earnings of its majority owned Trading Company listed above. As of and for the three months ended March 31, 2016, the consolidated balance sheet and statement of operations of Equinox Frontier Heritage Fund included the assets and liabilities, and earnings, respectively, of its majority owned Trading Company, Frontier Trading Company XXXIX, LLC. As of and for the three months ended March 31, 2016, the consolidated balance sheet and statement of operations of Equinox Frontier Select Fund included the assets and liabilities, and earnings, respectively, of its majority owned Trading Company, Frontier Trading Company XV, LLC. As of and for the three months ended March 31, 2016, the consolidated balance sheet and statement of operations of Equinox Frontier Winton Fund included the assets and liabilities, and earnings, respectively, of its majority owned Trading Company, Frontier Trading Company II, LLC. 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. Use of Estimates— Cash and Cash Equivalents— Interest Income— U.S. Treasury Securities— Fair Value Measurements and Disclosures (“ Receivable From Futures Commission Merchants Investment Transactions— Balance Sheet (“ASC 210” Balance Sheet (Topic 210 Any change in net unrealized gain or loss from the preceding period is reported in the statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest is recognized in the period earned and the instruments are marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the statements of operations. Foreign Currency Transactions— Allocation of Earnings— Each Series allocates funds to an affiliated Trading Company, or Companies, of the Trust. Each Trading Company allocates all of its daily trading gains or losses to the Series in proportion to each Series’ ownership trading level interest in the Trading Company, adjusted on a daily basis (except for Trading Advisors and other investments such as Swaps that are directly allocated to a specific series). The value of all open contracts and cash held at clearing brokers is similarly allocated to the Series in proportion to each Series’ funds allocated to the Trading Company, or Companies. Investments and Swaps Income Taxes Income Taxes In the opinion of the Managing Owner, (i) the Trust, with respect to the Series, is treated as a partnership for federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, the Trust is not a publicly traded partnership treated as a corporation, and (ii) the discussion set forth in the Prospectus under the heading “Federal Income Tax Consequences” correctly summarizes the material federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Units of the Trust. Fees and Expenses Service Fees These service fees are part of the offering costs of the Trust, with respect to the Series, which include registration and filing fees, legal and blue sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. Pending Owner Additions— Recently Adopted Accounting Pronouncements— In February, 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. ASU 2015-02 provides guidance on the consolidation evaluation for reporting organizations that are required to evaluate whether they should consolidate certain legal entities such as limited partnerships, limited liability corporations, and securitization structures (collateralized debt obligations, collateralized loan obligations, and mortgage-backed security transactions). Adoption did not affect the Trust’s financial condition, results of operations, or cash flows. Reclassification— Subsequent Events On March 30, 2016, Equinox Fund Management, LLC, on its own behalf and on behalf of each series of Equinox Frontier Funds, entered into a new Administrative Services Agreement with Gemini Hedge Fund Services, LLC (“Gemini”) pursuant to which Gemini will act as an independent, third party administrator to perform certain administrative services including the calculation of net asset value, trade reconciliation, audit support and other financial bookkeeping services. On March 30, 2016, the Trust entered into a new Fund Services Agreement with Gemini Fund Services, LLC (the “Transfer Agent”) pursuant to which the Transfer Agent will act as an independent, third party transfer agent to perform investor and administration services and related services including, but not limited to, sales processing and commissions, distribution processing, transfer agent services, shareholder telephone support, tax reporting and processing, reinvestment agent servicing and redemption agent servicing. In connection with the foregoing transactions, the Trust and the Managing Owner have terminated the Administration Agreement dated July 7, 2011 with BNP Paribas Financial Services, LLC and the Transfer Agency Agreement dated December 1, 2011 with Phoenix American Financial Services, LLC. |
Equinox Frontier Funds [Member] | |
Significant Accounting Policies | 2. Significant Accounting Policies The following are the significant accounting policies of the Trust. Basis of Presentation Consolidation Use of Estimates Cash and Cash Equivalents Interest Income U.S. Treasury Securities Fair Value Measurements and Disclosures (“ Receivable From Futures Commission Merchants Investment Transactions Balance Sheet (“ASC 210” Balance Sheet (Topic 210 Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest was recognized in the period earned and the instruments were marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the consolidated statements of operations. Foreign Currency Transactions Allocation of Earnings Investments and Swaps Income Taxes Income Taxes In the opinion of the Managing Owner, (i) the Trust is treated as a partnership for Federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, the Trust is not a publicly traded partnership treated as a corporation, and (ii) the discussion set forth in the Prospectus under the heading “Federal Income Tax Consequences” correctly summarizes the material Federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Series Units of the Trust. Fees and Expenses Service Fees These service fees are part of the offering costs of the Trust, which include registration and filing fees, legal and blue sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and enjoys the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. Pending Owner Additions Recently Adopted Accounting Pronouncements In February, 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. ASU 2015-02 provides guidance on the consolidation evaluation for reporting organizations that are required to evaluate whether they should consolidate certain legal entities such as limited partnerships, limited liability corporations, and securitization structures (collateralized debt obligations, collateralized loan obligations, and mortgage-backed security transactions). ASU 2015-02 is effective for periods beginning after December 15, 2015. The adoption of ASU 2015-02 is not expected to have a material effect on the Trust’s financial statements. Early adoption is permitted. “ Subsequent Events Subsequent Events |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Mar. 31, 2016 | |
The Series of Equinox Frontier Funds [Member] | |
Fair Value Measurements | 3. Fair Value Measurements In connection with the valuation of investments the Series apply ASC 820, Fair Value Measurement Level 1 Inputs Unadjusted quoted prices in active markets for identical financial assets that the reporting entity has the ability to access at the measurement date. Level 2 Inputs Inputs other than quoted prices included in Level 1 that are observable for the financial 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 The Managing Owner has chartered a valuation committee to provide oversight of the valuation process for the Series. The valuation committee meets at least monthly to discuss the valuation process and any valuation issues that may arise. The valuation committee is comprised of senior members of the Managing Owner’s management team with varying areas of expertise that add value to the committee. The Valuation Committee discontinued its use of a third-party pricing service on March 1, 2016. The valuation committee reports to both the Managing Owner’s Investment Oversight and Risk Committee and the Trust’s Executive Committee. The valuation committee further remains in communication with the Managing Owner’s Due Diligence Committee that provides ongoing counterparty risk monitoring of the swap counterparties. The Managing Owner’s valuation committee monitors some additional input factors such as liquidity, volatility, and counterparty risk in order to further review the valuations provided by the pricing service. Investment in Unconsolidated Trading Companies. The following table summarizes the instruments that comprise the Trust, with respect to the Series, financial asset portfolio, by Series, measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015 segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: March 31, 2016 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Equinox Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 15,049,590 $ 25,430 $ — $ 15,075,020 Swap Contracts — — 7,445,618 7,445,618 U.S. Treasury Securities 38,197,594 — — 38,197,594 Equinox Frontier Masters Fund Investment in Unconsolidated Trading Companies 10,784,090 32,958 — 10,817,048 U.S. Treasury Securities 11,278,168 — — 11,278,168 Equinox Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 3,574,740 (12,121 ) — 3,562,619 Swap Contracts — — 4,256,848 4,256,848 U.S. Treasury Securities 4,451,169 — — 4,451,169 Equinox Frontier Balanced Fund Investment in Unconsolidated Trading Companies 17,541,006 52,807 — 17,593,813 Open Trade Equity (Deficit) (6,110 ) — — (6,110 ) Swap Contracts — — 16,955,814 16,955,814 U.S. Treasury Securities 50,546,326 — — 50,546,326 Equinox Frontier Select Fund — Investment in Unconsolidated Trading Companies 264,221 — 4,294,379 4,558,600 Open Trade Equity (Deficit) 457,989 — — 457,989 U.S. Treasury Securities 1,351,993 — — 1,351,993 Equinox Frontier Winton Fund Investment in Unconsolidated Trading Companies 431,600 — — 431,600 Open Trade Equity (Deficit) 675,733 — — 675,733 U.S. Treasury Securities 25,981,216 — — 25,981,216 Equinox Frontier Heritage Fund Investment in Unconsolidated Trading Companies 1,785,699 76,328 — 1,862,027 Swap Contracts — — 8,857,363 8,857,363 U.S. Treasury Securities 5,517,908 — — 5,517,908 December 31, 2015 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Equinox Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 15,844,097 $ 250,110 $ — $ 16,094,207 Swap Contracts — — 8,685,849 8,685,849 U.S. Treasury Securities 27,604,916 — — 27,604,916 Equinox Frontier Masters Fund Investment in Unconsolidated Trading Companies 9,383,235 26,695 — 9,409,930 U.S. Treasury Securities 11,953,206 — — 11,953,206 Equinox Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 3,355,174 59,489 — 3,414,663 Swap Contracts — — 4,332,428 4,332,428 U.S. Treasury Securities 4,792,817 — — 4,792,817 Equinox Frontier Balanced Fund Investment in Unconsolidated Trading Companies 17,357,475 266,493 — 17,623,968 Open Trade Equity (Deficit) 11,530 — — 11,530 Swap Contracts — — 19,157,520 19,157,520 U.S. Treasury Securities 41,148,676 — — 41,148,676 Equinox Frontier Select Fund — Investment in Unconsolidated Trading Companies 213,921 — 3,933,919 4,147,840 Open Trade Equity (Deficit) 462,339 — — 462,339 U.S. Treasury Securities 1,852,429 — — 1,852,429 Equinox Frontier Winton Fund Investment in Unconsolidated Trading Companies 297,554 — — 297,554 Open Trade Equity (Deficit) 599,579 — — 599,579 U.S. Treasury Securities 24,617,817 — — 24,617,817 Equinox Frontier Heritage Fund Investment in Unconsolidated Trading Companies 1,403,461 2,125 — 1,405,586 Swap Contracts — — 7,960,268 7,960,268 U.S. Treasury Securities 5,508,577 — — 5,508,577 The changes in Level 3 assets measured at fair value on a recurring basis are summarized in the following tables. Swap contract asset gains and losses (realized/unrealized) included in earnings are classified in “realized and unrealized gain (loss) on investments – net unrealized gain/(loss) on swap contracts” on the statements of operations. Investment in unconsolidated trading company asset gains and losses (realized/unrealized) included in earnings are classified in “Change in fair value of investments in unconsolidated trading companies.” During the three months March 31, 2016, all identified Level 3 assets are components of the Equinox Frontier Diversified Fund, Equinox Frontier Long/Short Commodity Fund, Equinox Frontier Balanced Fund, Equinox Frontier Select Fund, and Equinox Frontier Heritage Fund. 2016: For the Three Months Ended March 31, 2016 Swaps: Equinox Frontier Equinox Frontier Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2016 $ 8,685,849 $ 4,332,428 $ 19,157,520 Total gains or losses (realized/unrealized): Included in earnings-realized — — — Included in earnings-unrealized (1,240,231 ) (75,580 ) (2,201,706 ) Purchases of investments — — — Sales of investments — — — Change in ownership allocation of total return swaps — — — Transfers in and/or out of Level 3 — — — Balance of recurring Level 3 assets as of March 31, 2016 $ 7,445,618 $ 4,256,848 $ 16,955,814 Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2016 $ 7,960,268 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 897,095 Purchases of investments — Sales of investments — Change in ownership allocation of total return swaps — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of March 31, 2016 $ 8,857,363 Investments in Unconsolidated Trading Companies: Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2016 $ 3,933,919 Change in fair value of investments in unconsolidated trading companies 360,460 Proceeds from sales of investments of unconsolidated trading companies — Purchases of investments of unconsolidated trading companies — Change in ownership allocation — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of March 31, 2016 $ 4,294,379 For the Year Ended December 31, 2015 Swaps: Equinox Frontier Equinox Frontier Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2015 $ 6,570,408 $ 3,633,060 $ 18,246,954 Total gains or losses (realized/unrealized): Included in earnings-realized — — — Included in earnings-unrealized 2,115,441 (300,632 ) 910,566 Purchases of investments — 1,000,000 — Sales of investments — — — Change in ownership allocation of total return swaps — — — Transfers in and/or out of Level 3 — — — Balance of recurring Level 3 assets as of December 31, 2015 $ 8,685,849 $ 4,332,428 $ 19,157,520 Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2015 $ 7,540,465 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 419,803 Purchases of investments — Sales of investments — Change in ownership allocation of total return swaps — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2015 $ 7,960,268 Investments in Unconsolidated Trading Companies: Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2015 $ 3,539,498 Change in fair value of investments in unconsolidated trading companies 394,421 Proceeds from sales of investments of unconsolidated trading companies — Purchases of investments of unconsolidated trading companies — Change in ownership allocation — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2015 $ 3,933,919 The Series of the Trust assess the levels of the investments at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer in accordance with the Series’ accounting policy regarding the recognition of transfers between levels of the fair value hierarchy. During the three months ended March 31, 2016, the Trust did not transfer any assets between Levels 1, 2 or 3. The amounts reflected in the change in ownership allocation result from changes in ownership in the underlying Trading Companies at the Series level, which have resulted in changes in consolidation or de-consolidation by the Series. The ownership in the Trading Companies is accounted for under the equity method, which approximates fair value. The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at March 31, 2016: Equinox Frontier Equinox Frontier Equinox Frontier Equinox Frontier Swaps $ (1,240,231 ) $ (75,579 ) $ (2,201,706 ) $ 897,095 Equinox Frontier Investments in Unconsolidated Trading Companies $ 360,460 The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at December 31, 2015: Equinox Frontier Equinox Frontier Equinox Frontier Equinox Frontier Swaps $ 2,115,441 $ (300,633 ) $ 910,566 $ 419,803 Equinox Frontier Investments in Unconsolidated Trading Companies $ 419,803 |
Equinox Frontier Funds [Member] | |
Fair Value Measurements | 3. Fair Value Measurements In connection with the valuation of investments the Trust applies ASC 820, Fair Value Measurement (“ASC 820”) Level 1 Inputs Unadjusted quoted prices in active markets for identical financial assets that the reporting entity has the ability to access at the measurement date. Level 2 Inputs Inputs other than quoted prices included in Level 1 that are observable for the financial assets or liabilities, either directly or indirectly. These might include quoted prices for similar financial assets in active markets, quoted prices for identical or similar financial assets in markets that are not active, inputs other than quoted prices that are observable for the financial assets or inputs that are derived principally from or corroborated by market data by correlation or other means. Level 3 Inputs Unobservable inputs for determining the fair value of financial assets that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the financial asset. The Trust uses the following methodologies to value instruments within its financial asset portfolio at fair value: Trading Securities. Swap Contracts The Managing Owner has chartered a valuation committee to provide oversight of the valuation process for the Series. The valuation committee meets at least monthly to discuss the valuation process and any valuation issues that may arise. The valuation committee is comprised of senior members of the Managing Owner’s management team with varying areas of expertise that add value to the committee. The Valuation Committee discontinued its use of a third-party pricing service on March 1, 2016. The valuation committee reports to both the Managing Owner’s Management Committee and the Trust’s Executive Committee. The valuation committee further remains in communication with the Managing Owner’s Due Diligence Committee that provides ongoing counterparty risk monitoring of the swap counterparties. The valuation committee’s designee monitors daily pricing valuation provided by the swap. The Managing Owner’s valuation committee monitors some additional input factors such as liquidity, volatility, and counterparty risk in order to further review the valuations provide by the pricing service The following table summarizes the instruments that comprise the Trust’s financial asset portfolio, by Series, measured at fair value on a recurring basis as of March 31, 2016 and 2015, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: March 31, 2016 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Open Trade Equity (Deficit) $ (186,693 ) $ 121,822 $ — $ (64,871 ) Swap Contracts — — 37,515,643 37,515,643 U.S. Treasury Securities 137,324,374 — — 137,324,374 Purchased Options — 216,150 — 216,150 Written Options — (205,350 ) — (205,350 ) December 31, 2015 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Open Trade Equity (Deficit) $ (4,424,290 ) $ 75,418 $ — $ (4,348,872 ) Swap Contracts — — 40,136,065 40,136,065 U.S. Treasury Securities 117,478,438 — — 117,478,438 Purchased Options — 526,288 — 526,288 Written Options — (165,760 ) — (165,760 ) The changes in Level 3 assets measured at fair value on a recurring basis are summarized in the following tables. Swap contract asset gains and losses (realized/unrealized) included in earnings are classified in “realized and unrealized gain (loss) on investments – net unrealized gain/(loss) on swap contracts” on the statements of operations. For the Three Months ended Balance of recurring Level 3 assets as of January 1, 2015 $ 40,136,065 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized (2,620,422 ) Purchases of investments — Sales of investments — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2015 $ 37,515,643 For the Year ended Balance of recurring Level 3 assets as of January 1, 2015 $ 35,990,887 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 3,145,178 Purchases of investments 1,000,000 Sales of investments — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2015 $ 40,136,065 The Trust assesses the levels of the investments at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer in accordance with the Trust’s accounting policy regarding the recognition of transfers between levels of the fair value hierarchy. During the three months ended March 31, 2016, the Trust did not transfer any assets between Levels 1, 2 and 3. The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at March 31, 2016: Swaps $ (2,620,422 ) The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at December 31, 2015: Swaps $ 3,145,177 |
Swaps
Swaps | 3 Months Ended |
Mar. 31, 2016 | |
The Series of Equinox Frontier Funds [Member] | |
Swaps | 4. Swaps In addition to authorizing Trading Advisors to manage pre-determined investment levels of futures, options on futures and forward contracts, certain Series of the Trust will strategically invest a portion or all of their assets in total return Swaps, selected at the direction of the Managing Owner. Total return Swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more investment products or indices. In a typical total return Swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a “basket” of securities. Each Series’ investment in Swaps will likely differ substantially over time due to cash flows, portfolio management decisions and market movements. The Swaps serve to diversify the investment holdings of each Series and to provide access to programs and advisors that would not be otherwise available to the Series, and are not used for hedging purposes. The Managing Owner follows a procedure in selecting well-established financial institutions which the Managing Owner, in its sole discretion, considers to be reputable, reliable, financially responsible and well established to act as swap counterparties. The procedure includes due diligence review of documentation on all new and existing financial institution counterparties prior to initiation of the relationship, and quarterly ongoing review during the relationship, to ensure that counterparties meet the Managing Owner’s minimum credit requirements, the counterparty average rating being no less than an investment grade rating as defined by the rating agencies. As of March 31, 2016 and December 31, 2015, approximately 9.2% and 9.3%, respectively, of the Trust’s assets were deposited with over-the-counter counterparties in order to initiate and maintain Swaps and is recorded as collateral within the swap fair value within the statement of financial condition. The cash held with the counterparty is not restricted. The Series may strategically invest assets in one or more Swaps linked to certain underlying investments or indices at the direction of the Managing Owner. The Trading Company in which the assets of these Series will be invested will not own any of the investments or indices referenced by any Swap entered into by these Series. In addition, neither the swap counterparty to the Trading Company of these Series nor any advisor referenced by any such Swap is a Trading Advisor to these Series. The Series have invested in the following Swaps as of and for the three months ended March 31, 2016: Equinox Frontier Balanced Fund Equinox Frontier Diversified Fund Equinox Frontier Long/Short Commodity Fund Equinox Frontier Heritage Fund Total Return Swap Total Return Swap Total Return Swap Total Return Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $22,580,043 $13,851,707 $1,877,692 $11,413,283 Termination Date 8/2/2018 8/2/2018 8/7/2018 3/26/2018 Cash Collateral $9,600,000 $3,400,000 $3,880,000 $5,989,499 Swap Value $7,355,814 $4,045,618 $376,848 $2,867,864 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $0 $0 $0 $0 Change in Unrealized Gain/(Loss) ($2,201,706) ($1,240,231) ($75,579) $897,095 Fair Value as of 3/31/2016 $16,955,814 $7,445,618 $4,256,848 $8,857,363 The Series have invested in the following Swaps as of and for the year ended December 31, 2015: Equinox Frontier Balanced Fund Equinox Frontier Diversified Equinox Frontier Long/Short Equinox Frontier Heritage Fund Total Return Swap Total Return Swap Total Return Swap Total Return Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $22,580,043 $13,851,707 $1,877,692 $12,663,283 Termination Date 8/2/2018 8/2/2018 8/7/2018 3/26/2018 Cash Collateral $9,600,000 $3,400,000 $3,880,000 $5,993,000 Swap Value $9,557,520 $5,285,849 $452,428 $1,967,268 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $0 $0 $0 $0 Change in Unrealized Gain/(Loss) $910,566 $2,115,441 ($300,633) $419,803 Fair Value as of 12/31/2015 $19,157,520 $8,685,849 $4,332,428 $7,960,268 |
Equinox Frontier Funds [Member] | |
Swaps | 4. Swaps In addition to authorizing Trading Advisors to manage pre-determined investment levels of futures and forward contracts, certain Series of the Trust will strategically invest a portion or all of their assets in total return swaps, selected at the direction of the Managing Owner. Total return Swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more investment products or indices. In a typical total return Swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a “basket” of securities. The Trust’s investment in Swaps will likely differ substantially over time due to cash flows, portfolio management decisions and market movements. The Swaps serve to diversify the investment holdings of the Trust and to provide access to programs and advisors that would not be otherwise available to the Trust, and are not used for hedging purposes. The Managing Owner follows a procedure in selecting well-established financial institutions which the Managing Owner, in its sole discretion, considers to be reputable, reliable, financially responsible and well established to act as swap counterparties. The procedure includes due diligence review of documentation on all new and existing financial institution counterparties prior to initiation of the relationship, and quarterly ongoing review during the relationship, to ensure that counterparties meet the Managing Owner’s minimum credit requirements, the counterparty average rating being no less than an investment grade rating as defined by the rating agencies. As of March 31, 2016 and December 31, 2015, approximately 9.2% or $22,869,499 and 9.3% or $22,873,000, respectively, of the Trust’s assets were deposited with over-the-counter counterparties in order to initiate and maintain Swaps and is recorded as Swap Contracts, at fair value on the Statements of Financial Condition of the Trust. This cash held with the counterparty is not restricted. The Trust strategically invests assets in one or more swaps linked to certain underlying investments or indices at the direction of the Managing Owner. The Trading Company in which the assets of the Trust will be invested will not own any of the investments or indices referenced by any swap entered into by the Trust. In addition, neither the swap counterparty nor any advisor referenced by any such swap is a Trading Advisor to the Trust. The Trust had invested in the following swaps as of and for the three months ended March 31, 2016: Brevan Howard XXXIV Balanced select swap XXXV Diversified select swap XXXVII L/S select swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $11,413,283 $22,580,043 $13,851,707 $1,877,692 Termination Date 3/26/2018 8/2/2018 8/2/2018 8/7/2018 Cash Collateral $5,989,499 $9,600,000 $3,400,000 $3,880,000 Swap Value $2,867,864 $7,355,814 $4,045,618 $376,848 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $0 $0 $0 $0 Change in Unrealized Gain/(Loss) $897,095 ($2,201,706) ($1,240,231) ($75,579) Fair Value as of 3/31/2016 $8,857,363 $16,955,814 $7,445,618 $4,256,848 The Trust had invested in the following swaps as of and for the year ended December 31, 2015: Brevan Howard Total XXXIV Balanced Select Swap XXXV Diversified Select Swap XXXVII L/S Select Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $12,663,283 $22,580,043 $13,851,707 $1,877,592 Termination Date 3/26/2018 8/2/2018 8/2/2018 8/7/2018 Cash Collateral $5,993,000 $9,600,000 $3,400,000 $3,880,000 Swap Value $1,967,269 $9,557,519 $5,285,749 $452,428 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $0 $0 $0 $0 Change in Unrealized Gain/(Loss) $419,803 $910,566 $2,115,441 ($300,633) Fair Value as of 12/31/15 $7,960,269 $19,157,519 $8,685,749 $40,136,065 |
Investments in Unconsolidated T
Investments in Unconsolidated Trading Companies | 3 Months Ended |
Mar. 31, 2016 | |
The Series of Equinox Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies | 5. Investments in Unconsolidated Trading Companies Investments in unconsolidated trading companies represent cash and open trade equity invested in the Trading Companies by each Series and cumulative trading profits or losses allocated to each Series by the Trading Companies. Trading Companies allocate trading profits or losses on the basis of the proportion of each Series’ capital allocated for trading to each respective Trading Company, which bears no relationship to the amount of cash invested by a Series in the Trading Company. The Trading Companies are valued using the equity method of accounting, which approximates fair value. The following table summarizes each of the Series’ investments in unconsolidated Trading Companies as of March 31, 2016 and December 31, 2015: As of March 31, 2016 As of December 31, 2015 Percentage of Fair Value Percentage of Fair Value Series Equinox Frontier Diversified Fund — Frontier Trading Companies I, II, VII, XXIII and XXXVIII 25.02 % $ 15,075,020 28.89 % $ 16,094,207 Equinox Frontier Masters Fund — Frontier Trading Companies I, II, VII, XV, VII and XXXVIII 49.51 % $ 10,817,048 41.22 % $ 9,409,930 Equinox Frontier Long/Short Commodity Fund — Frontier Trading Company I, VII and XXXVIII 29.34 % $ 3,562,619 26.08 % $ 3,414,663 Equinox Frontier Balanced Fund — Frontier Trading Companies I, II, VII, XXXVIII and XXXIX 19.12 % $ 17,593,813 19.56 % $ 17,623,968 Equinox Frontier Select Fund — Frontier Trading Companies XXXVIII and XXXIX 20.65 % $ 4,558,600 20.83 % $ 4,147,840 Equinox Frontier Winton Fund — Frontier Trading Company XXXVIII 0.97 % $ 461,600 0.72 % $ 297,554 Equinox Frontier Heritage Fund — Frontier Trading Companies II and XXXVIII 11.47 % $ 1,862,027 9.08 % $ 1,405,586 The following tables summarize each of the Series; equity in earnings from unconsolidated Trading Companies for the three months ended March 31, 2016 and 2015. Three Months Ended March 31, 2016 Three Months Ended March 31, 2015 Trading Realized Change in Net Income Trading Realized Change in Net Income Trading Company Equinox Frontier Diversified Fund — Frontier Trading Company I LLC $ (137,214 ) $ 2,545,837 $ (725,957 ) $ 1,682,666 $ — $ — $ — $ — Frontier Trading Company II LLC (2,862 ) 327,231 21,313 345,682 (4,083 ) 1,333,292 (127,311 ) 1,201,898 Frontier Trading Company VII, LLC (35,220 ) (648,724 ) 2,235,332 1,551,388 (82,381 ) 2,108,509 (1,223,126 ) 803,002 Frontier Trading Company XXIII, LLC (17,627 ) 67,978 58,004 108,355 (19,782 ) 872,609 (26,219 ) 826,608 Frontier Trading Company XXXVIII, LLC (7,062 ) (566,912 ) (121,341 ) (695,315 ) (7,008 ) 875,067 (226,858 ) 641,201 Total $ (199,985 ) $ 1,725,410 $ 1,467,351 $ 2,992,776 $ (113,254 ) $ 5,189,477 $ (1,603,514 ) $ 3,472,709 Equinox Frontier Masters Fund — Frontier Trading Company I LLC $ (5,098 ) $ (36,859 ) $ (351,921 ) $ (393,878 ) $ (3,974 ) $ 1,259,037 $ (138,423 ) $ 1,116,640 Frontier Trading Company II LLC (1,709 ) 196,149 23,001 217,441 (2,329 ) 752,839 (71,107 ) 679,403 Frontier Trading Company XV, LLC (13,399 ) 933,829 (1,487 ) 918,943 (14,122 ) 1,127,983 (429,920 ) 683,941 Frontier Trading Company VII, LLC (20,788 ) (362,846 ) 1,291,104 907,470 (35,943 ) 3,411,269 (3,011,878 ) 363,448 Frontier Trading Company XXXVIII, LLC (2,512 ) (241,160 ) (40,059 ) (283,731 ) (2,805 ) 298,322 (43,190 ) 252,327 Total $ (43,506 ) $ 489,113 $ 920,638 $ 1,366,245 $ (59,173 ) $ 6,849,450 $ (3,694,518 ) $ 3,095,759 Equinox Frontier Long/Short Commodity Fund Frontier Trading Company I LLC $ (2,398 ) $ (16,177 ) $ (157,698 ) $ (176,273 ) $ — $ — $ — $ — Frontier Trading Companies VII, LLC (21,945 ) (275,777 ) 543,257 245,535 (84,768 ) 2,757,328 (928,844 ) 1,743,716 Frontier Trading Company XXXVIII, LLC (1,044 ) (94,696 ) (14,851 ) (110,591 ) (1,968 ) 256,376 (63,599 ) 190,809 Total $ (25,387 ) $ (386,650 ) $ 370,708 $ (41,329 ) $ (86,736 ) $ 3,013,704 $ (992,443 ) $ 1,934,525 Equniox Frontier Balanced Fund — Frontier Trading Company I, LLC $ (157,072 ) $ 3,776,064 $ (839,943 ) $ 2,779,049 $ (89,859 ) $ 2,048,945 $ 237,670 $ 2,196,756 Frontier Trading Company II LLC (3,834 ) 437,433 4,959 438,558 (5,197 ) 1,686,860 (159,819 ) 1,521,844 Frontier Trading Company VII, LLC (42,259 ) (709,503 ) 2,546,996 1,795,234 (92,052 ) 2,316,304 (1,347,583 ) 876,669 Frontier Trading Company XV, LLC — — — — 107 275,900 (275,956 ) 51 Frontier Trading Company XXXVIII, LLC (9,945 ) (817,203 ) (159,283 ) (986,431 ) (9,702 ) 1,220,917 (284,086 ) 927,129 Frontier Trading Company XXXIX, LLC (10 ) 7,074 — 7,064 — — — — Total $ (213,120 ) $ 2,693,865 $ 1,552,729 $ 4,033,474 $ (196,703 ) $ 7,548,926 $ (1,829,774 ) $ 5,522,449 Equniox Frontier Frontier Select Fund — Frontier Trading Company XV, LLC $ — $ $ — $ — — (195 ) 2,175 1,980 Frontier Trading Company XXXIX, LLC (1,697 ) — 444,699 443,002 — — 968,685 968,685 Frontier Trading Company XXXVIII, LLC (342 ) (35,482 ) (3,723 ) (39,547 ) 780 56,689 7,435 63,344 Total $ (2,039 ) $ (35,482 ) $ 440,976 $ 403,455 $ 780 $ 56,494 $ 978,295 $ 1,034,009 Equniox Frontier Winton Fund — Frontier Trading Company II LLC $ — $ — $ — $ — $ (13,273 ) $ 4,309,466 $ (409,695 ) $ 3,886,498 Frontier Trading Company XXXVIII, LLC (5,685 ) (517,940 ) (84,013 ) (607,638 ) (5,886 ) 674,550 (111,929 ) 556,735 Total $ (5,685 ) $ (517,940 ) $ (84,013 ) $ (607,638 ) $ (19,159 ) $ 4,984,016 $ (521,624 ) $ 4,443,233 Equniox Frontier Heritage Fund — Frontier Trading Company II LLC $ (2,066 ) $ 236,237 $ 7,296 $ 241,467 $ (2,502 ) $ 816,543 $ (78,076 ) $ 735,965 Frontier Trading Company XXXVIII, LLC (1,220 ) (113,136 ) (17,796 ) (132,152 ) (1,325 ) 150,850 (24,089 ) 125,436 Total $ (3,286 ) $ 123,101 $ (10,500 ) $ 109,315 $ (3,827 ) $ 967,393 $ (102,165 ) $ 861,401 The statements of financial condition as of March 31, 2016 and December 31, 2015 and the Condensed Statement of Income for the three months ended March 31, 2016 and 2015 for the unconsolidated Trading Companies are as follows: Statements of Financial Condition - March 31, 2016 Frontier Trading Frontier Trading Frontier Trading Receivable from commission merchants $ 19,583,145 $ 9,353,961 $ 4,110,010 Open trade equity/(deficit) (1,117,627 ) 72,129 (136,186 ) Interest receivable/(payable) (1,016 ) 481 65 Total net asset value $ 18,464,502 $ 9,426,571 $ 3,973,890 Members’ equity $ 18,464,502 $ 9,426,571 $ 3,973,890 Statements of Financial Condition - Frontier Trading Frontier Trading Frontier Trading Frontier Trading Receivable from commission merchants $ 22,731,131 $ 10,851,264 $ 6,694,318 $ 2,944,692 Open trade equity/(deficit) 3,215,205 3,473,284 3,469,339 1,369,043 Options purchased (written) 35,396 0 76,655 — Interest receivable/(payable) (2,027 ) 421 (170 ) (52 ) Total net asset value $ 25,979,705 $ 14,324,969 $ 10,240,142 $ 4,313,683 Members’ equity $ 25,979,705 $ 14,324,969 $ 10,240,142 $ 4,313,683 Condensed Statement of Income - For the Three Months Ended March 31, 2016 Frontier Trading Frontier Trading Frontier Trading Frontier Trading Interest income $ 3,807 $ (1,472 ) $ (235 ) $ 401 Net realized gain/(loss) on investments, less commissions (5,988,211 ) 2,116,017 (126,760 ) 2,417,045 Change in open trade equity/(deficit) 2,096,648 (6,615,655 ) (7,429 ) 438,358 Net income/(loss) $ (3,887,756 ) $ (4,501,110 ) $ (134,424 ) $ 2,855,804 Condensed Statement of Income - For the Three Months Ended March 31, 2015 Frontier Trading Frontier Trading Frontier Trading Interest income $ (992 ) $ 438 $ 430 Net realized gain/(loss) on investments, less commissions (8,874,767 ) (11,505,782 ) (3,512,349 ) Change in open trade equity/(deficit) 849,059 6,507,341 755,355 Net income/(loss) $ (8,026,700 ) $ (4,998,003 ) $ (2,756,564 ) |
Transactions with Affiliates
Transactions with Affiliates | 3 Months Ended |
Mar. 31, 2016 | |
The Series of Equinox Frontier Funds [Member] | |
Transactions with Affiliates | 6. Transactions with Affiliates The Managing Owner contributes funds to the Trust, with respect to the Series, in order to have a 1% interest in the aggregate capital, profits and losses of all Series and in return will receive units designated as general units in the Series in which the Managing Owner invests such funds. The general units may only be purchased by the Managing Owner and may be subject to no advisory fees or advisory fees at reduced rates. Otherwise, the general units hold the same rights as the limited units. The Managing Owner 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 Equinox Frontier Balanced Fund Class 1a and 2a Units, aggregated, and each of the Equinox Frontier Long/Short Commodity Fund, Equinox Frontier Diversified Fund and Equinox Frontier Masters Fund. The 1% interest in these specific Series is included in computing the Minimum Purchase Commitment in aggregate capital. In addition to the general units the Managing Owner receives in respect of its Minimum Purchase Commitment, the Managing Owner may purchase limited units in any Series as a Limited Owner. Principals of the Managing Owner or affiliates are allowed to own beneficial interests in the Trust, with respect to the Series, as well. All Units purchased by the Managing Owner are held for investment purposes only and not for resale. The Managing Owner may make purchases or redemptions at any time on the same terms as any Limited Owner. The Trust has and will continue to have certain relationships with the Managing Owner and its affiliates. Expenses Management Fees— The management fee as a percentage of the applicable series’ net asset value will be greater than the percentage indicated above to the extent that the nominal assets of the series exceeds its net asset value. The managing owner expects that the nominal assets of each series will generally be maintained at a level in excess of the net asset value of such series and such excess may be substantial to the extent the managing owner deems necessary to achieve the desired level of volatility. Trading Fees— Incentive Fees— Service Fees— The following table summarizes fees earned by the Managing Owner for the three months ended March 31, 2016 and 2015 Three Months Ended March 31, 2016 Incentive Fee Management Fee Service Fee Trading Fee Equinox Frontier Diversified Fund $ 921,036 $ 238,847 $ 76,178 $ 356,708 Equinox Frontier Masters Fund 226,228 161,635 47,135 138,344 Equinox Frontier Long/Short Commodity Fund 134,601 138,546 21,031 49,619 Equinox Frontier Balanced Fund 935,617 234,025 484,072 172,789 Equinox Frontier Select Fund 23,986 70,821 93,444 26,180 Equinox Frontier Winton Fund 99,067 275,820 179,855 68,324 Equinox Frontier Heritage Fund 9,072 63,021 67,669 22,714 Three Months Ended March 31, 2015 Incentive Fee Management Fee Service Fee Trading Fee Equinox Frontier Diversified Fund $ 1,634,242 $ 246,304 $ 121,918 $ 370,802 Equinox Frontier Masters Fund 535,302 178,660 65,178 153,633 Equinox Frontier Long/Short Commodity Fund 239,217 123,036 31,900 68,928 Equinox Frontier Balanced Fund 1,486,957 259,595 562,801 195,344 Equinox Frontier Select Fund 158,971 80,072 106,901 29,893 Equinox Frontier Winton Fund 715,409 323,105 205,337 76,976 Equinox Frontier Heritage Fund 132,676 77,898 77,017 25,691 The following table summarizes fees payable to the Managing Owner as of March 31, 2016 and December 31, 2015. As of March 31, 2016 Incentive Fees Management Fees Interest Fees Service Fees Trading Fees Equinox Frontier Diversified Fund $ 921,036 $ 79,795 $ 14,303 $ 13,646 $ 129,791 Equinox Frontier Masters Fund 226,228 53,706 4,776 11,025 46,225 Equinox Frontier Long/Short Commodity Fund 134,601 45,998 2,074 7,293 16,266 Equinox Frontier Balanced Fund 935,617 79,116 95,730 145,684 58,302 Equinox Frontier Select Fund 23,986 24,288 3,022 29,885 8,811 Equinox Frontier Winton Fund 99,067 91,943 56,108 44,574 22,673 Equinox Frontier Heritage Fund 9,072 20,914 11,873 18,871 7,534 As of December 31, 2015 Incentive Fees Management Fees Interest Fees Service Fees Trading Fees Equinox Frontier Diversified Fund $ 204,914 $ 81,940 $ 11,661 $ 17,020 $ 121,065 Equinox Frontier Masters Fund 42,251 54,674 4,957 12,098 48,501 Equinox Frontier Long/Short Commodity Fund 28,408 48,210 1,368 6,841 17,129 Equinox Frontier Balanced Fund 106,563 80,574 77,642 145,576 57,450 Equinox Frontier Select Fund — 22,884 3,549 29,092 8,515 Equinox Frontier Winton Fund — 93,171 49,624 44,422 22,405 Equinox Frontier Heritage Fund — 21,490 11,066 18,807 7,457 With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed therefore by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk and the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. For the three months ended March 31, 2016, amounts paid or owed to the Managing Owner for the difference in monthly service fees from prepaid initial service fees were $(2,015) for the Equinox Frontier Balanced Fund, $818 for the Equinox Frontier Long/Short Commodity Fund, $812 for the Equinox Frontier Diversified Fund, $(165) for the Equinox Frontier Select Fund, $(301) for the Equinox Frontier Heritage Fund, $(3,649) for the Equinox Frontier Winton Fund and $4,488 for the Equinox Frontier Masters Fund. For the three months ended March 31, 2015, amounts paid or owed to the Managing Owner for the difference in monthly service fees from prepaid initial service fees were $2,462 for the Equinox Frontier Balanced Fund, ($338) for the Equinox Frontier Long/Short Commodity Fund, $1,133 for the Equinox Frontier Diversified Fund, $97 for the Equinox Frontier Select Fund, $286 for the Equinox Frontier Heritage Fund, $4,220 for the Equinox Frontier Winton Fund and ($598) for the Equinox Frontier Masters Fund. Aggregate interest income from all sources, including U.S. Treasury Securities assets net of premiums and cash held at clearing brokers, of up to the first 2% (annualized) is paid to the Managing Owner by the Equinox Frontier Balanced Fund (Class 1, and Class 2 only), Equinox Frontier Winton Fund, Equinox Frontier Select Fund, and Equinox Frontier Heritage Fund. For the Equinox Frontier Diversified Fund, Equinox Frontier Long/Short Commodity Fund, Equinox Frontier Masters Fund, and Equinox Frontier Balanced Fund (Class 1a and Class 2a only), 20% of the total interest allocated to each Series is paid to the Managing Owner. The following table outlines the interest paid by each Series to the Managing Owner and its ratio to average net assets for the three months ended March 31, 2016 and 2015: 2016 2015 2016 2015 Gross Amount Gross Amount Ratio to Ratio to Equinox Frontier Diversified Fund Class 1 $ 6,619 $ 13,441 0.06 % 0.07 % Equinox Frontier Diversified Fund Class 2 24,507 24,311 0.06 % 0.08 % Equinox Frontier Diversified Fund Class 3 7,171 4,562 0.06 % 0.13 % Equinox Frontier Masters Fund Class 1 5,171 8,161 0.06 % 0.07 % Equinox Frontier Masters Fund Class 2 4,978 6,281 0.06 % 0.08 % Equinox Frontier Masters Fund Class 3 4,194 3,349 0.06 % 0.11 % Equinox Frontier Long/Short Commodity Fund Class 2 444 895 0.04 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 3 2,568 5,174 0.04 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 1a 1,778 4,027 0.04 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 2a 575 1,188 0.04 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 3a 377 480 0.04 % 0.09 % Equinox Frontier Balanced Fund Class 1 189,608 206,350 0.29 % 0.33 % Equinox Frontier Balanced Fund Class 1AP 2,196 2,192 0.01 % 0.01 % Equinox Frontier Balanced Fund Class 2 69,764 69,007 0.29 % 0.34 % Equinox Frontier Balanced Fund Class 2a 337 322 0.06 % 0.06 % Equinox Frontier Balanced Fund Class 3a 1,497 1,475 0.06 % 0.07 % Equinox Frontier Select Fund Class 1 9,889 24,071 0.08 % 0.19 % Equinox Frontier Select Fund Class 1AP 41 85 0.00 % 0.00 % Equinox Frontier Select Fund Class 2 1,151 2,762 0.79 % 0.20 % Equinox Frontier Winton Fund Class 1 104,787 122,407 0.43 % 0.53 % Equinox Frontier Winton Fund Class 1AP 168 177 0.01 % 0.01 % Equinox Frontier Winton Fund Class 2 54,267 60,971 0.43 % 0.57 % Equinox Frontier Heritage Fund Class 1 25,473 30,992 0.28 % 0.37 % Equinox Frontier Heritage Fund Class 1AP 175 188 0.01 % 0.01 % Equinox Frontier Heritage Fund Class 2 8,547 10,169 0.28 % 0.38 % Total $ 526,283 $ 603,037 The Managing Owner, under an amended contract, paid to The Bornhoft Group Corporation, an affiliate of the Trust, an annual payment of $1,100,000 for the first year of the contract and $600,000 for the second year of the contract, and $300,000 for the third and final year for investment and advisor services and 0.1% annually thereafter of the trading level with the Equinox Frontier Balanced Fund in lieu of a monthly service fee. The Managing Owner paid $0 and $139,848, respectively under this agreement for the three months ended March 31, 2016 and 2015, respectively. These amounts have no impact on the Series’ financial statements. This contract ended April 30, 2015. Equinox Financial Group, LLC, an affiliate of the Trust, provides management services for the Managing Owner who paid $0 and $305,000, respectively, for the three months ended March 31, 2016 and 2015. These amounts have no impact on the Series’ financial statements and have had a portion waived at the discretion of the Managing Owner. Solon Capital, LLC, an affiliate of the Trust, provides product development and marketing services. For these services, the Managing Owner paid Solon Capital, LLC, $0 and $316,272, respectively, for the three months ended March 31, 2016 and 2015, respectively. These amounts have no impact on the Series’ financial statements and have had a portion waived at the discretion of the Managing Owner. Equinox Group Distributors LLC, an affiliate under common control of the Managing Owner, serves as wholesaler of the Trust by marketing to broker/dealer organizations. |
Equinox Frontier Funds [Member] | |
Transactions with Affiliates | 5. Transactions with Affiliates The Managing Owner contributes funds to the Trust in order to have a 1% interest in the aggregate capital, profits and losses and in return will receive units designated as general units in the Series of the Trust in which the Managing Owner invests such funds. The general units may only be purchased by the Managing Owner and may be subject to no advisory fees or management advisory fees at reduced rates. Otherwise, the general units hold the same rights as the limited units. The Managing Owner is required to maintain at least a 1% interest (“Minimum Purchase Commitment”) in the aggregate capital, profits and losses of the Trust so long as it is acting as the Managing Owner of the Trust. Such contribution was made by the Managing Owner before trading commenced for the Trust and will be maintained throughout the existence of the Trust, and the Managing Owner will make such purchases as are necessary to effect this requirement. Additionally, the Managing Owner agreed with certain regulatory bodies to maintain a 1% interest specifically in the Equinox Frontier Balanced Fund Class 1a Units and Equinox Frontier Balanced Fund Class 2a Units, aggregated, and each of the Equinox Frontier Long/Short Commodity Fund, Equinox Frontier Diversified Fund, and Equinox Frontier Masters Fund. The 1% interest in these specific Series of the Trust is included in computing the Minimum Purchase Commitment in aggregate capital. In addition to the general units the Managing Owner receives in respect of its Minimum Purchase Commitment, the Managing Owner may purchase limited units in any Series as a Limited Owner. Principals of the Managing Owner or affiliates are allowed to own beneficial interests in the Trust, as well. All units purchased by the Managing Owner are held for investment purposes only and not for resale. The Managing Owner may make purchases or redemptions at any time on the same terms as any Limited Owner. The Trust has and will continue to have certain relationships with the Managing Owner and its affiliates. Expenses Management Fees— The management fee as a percentage of the applicable series’ net asset value will be greater than the percentage indicated above to the extent that the nominal assets of the series exceeds its net asset value. The managing owner expects that the nominal assets of each series will generally be maintained at a level in excess of the net asset value of such series and such excess may be substantial to the extent the managing owner deems necessary to achieve the desired level of volatility. Trading Fees— Incentive Fees— Service Fees— As of March 31, 2016, the Trust has a payable to the Managing Owner in the amounts of $2,349,607, $395,760, $188,358, $289,602, and $270,978 for incentive fees, management fees, interest, trading fees, and service fees, respectively. As of December 31, 2015, the Trust has a payable to the Managing Owner in the amounts of $382,136, $402,943, $162,121, $282,522 and $273,856 for incentive fees, management fees, interest, trading fees, and service fees, respectively. For the three months ended March 31, 2016, the Trust paid the Managing Owner $2,349,607, $1,182,715, $969,384and $834,678 for incentive fees, management fees, service fees, and trading fees, respectively. For the three months ended March 31, 2015, the Trust paid the Managing Owner $4,902,774, $1,288,670, $1,171,052 and $921,267 for incentive fees, management fees, service fees, and trading fees, respectively. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed therefore by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk and enjoys the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. For the three months ended March 31, 2016 and 2015, amounts received or receivable from the Managing Owner for the difference in monthly service fees from the prepaid initial service fees were $12 and $7,262, respectively. Aggregate interest income from all sources, including U.S. Treasury Securities assets net of premiums and cash held at clearing brokers, of up to the first 2% (annualized) is paid to the Managing Owner by the Equinox Frontier Balanced Fund (Class 1, and Class 2 only), Equinox Frontier Winton Fund, Equinox Frontier Select Fund, and Equinox Frontier Heritage Fund. For the Equinox Frontier Diversified Fund, Equinox Frontier Long/Short Commodity Fund, Equinox Frontier Masters Fund, and Equinox Frontier Balanced Fund (Class 1a and Class 2a only), 20% of the total interest allocated to each Series is paid to the Managing Owner. The following table outlines the interest paid by each Series to the Managing Owner and its ratio to average net assets for the three months ended March 31, 2016 and 2015: 2016 2015 2016 2015 Gross Amount Gross Amount Ratio to Ratio to Equinox Frontier Diversified Fund Class 1 $ 6,619 $ 13,441 0.06 % 0.07 % Equinox Frontier Diversified Fund Class 2 24,507 24,311 0.06 % 0.08 % Equinox Frontier Diversified Fund Class 3 7,171 4,562 0.06 % 0.13 % Equinox Frontier Masters Fund Class 1 5,171 8,161 0.06 % 0.07 % Equinox Frontier Masters Fund Class 2 4,978 6,281 0.06 % 0.08 % Equinox Frontier Masters Fund Class 3 4,194 3,349 0.06 % 0.11 % Equinox Frontier Long/Short Commodity Fund Class 2 444 895 0.04 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 3 2,568 5,174 0.04 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 1a 1,778 4,027 0.04 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 2a 575 1,188 0.04 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 3a 377 480 0.04 % 0.09 % Equinox Frontier Balanced Fund Class 1 189,608 206,350 0.29 % 0.33 % Equinox Frontier Balanced Fund Class 1AP 2,196 2,192 0.01 % 0.01 % Equinox Frontier Balanced Fund Class 2 69,764 69,007 0.29 % 0.34 % Equinox Frontier Balanced Fund Class 2a 337 322 0.06 % 0.06 % Equinox Frontier Balanced Fund Class 3a 1,497 1,475 0.06 % 0.07 % Equinox Frontier Select Fund Class 1 9,889 24,071 0.08 % 0.19 % Equinox Frontier Select Fund Class 1AP 41 85 0.00 % 0.00 % Equinox Frontier Select Fund Class 2 1,151 2,762 0.79 % 0.20 % Equinox Frontier Winton Fund Class 1 104,787 122,407 0.43 % 0.53 % Equinox Frontier Winton Fund Class 1AP 168 177 0.01 % 0.01 % Equinox Frontier Winton Fund Class 2 54,267 60,971 0.43 % 0.57 % Equinox Frontier Heritage Fund Class 1 25,473 30,992 0.28 % 0.37 % Equinox Frontier Heritage Fund Class 1AP 175 188 0.01 % 0.01 % Equinox Frontier Heritage Fund Class 2 8,547 10,169 0.28 % 0.38 % Total $ 526,283 $ 603,037 The Managing Owner, under an amended contract, paid to The Bornhoft Group Corporation, an affiliate of the Trust, an annual payment of $1,100,000 for the first year of the contract and $600,000 for the second year of the contract, and $300,000 for the third and final year for investment and advisor services and 0.1% annually thereafter of the trading level with the Equinox Frontier Balanced Fund in lieu of a monthly service fee. The Managing Owner paid $0 and $139,848, respectively under this agreement for the three months ended March 31, 2016 and 2015, respectively. These amounts have no impact on the Trust’s financial statements. This contract ended April 30, 2015. Equinox Financial Group, LLC, an affiliate of the Trust, provides management services for the Managing Owner who paid $0 and $305,000, respectively, for the three months ended March 31, 2016 and 2015. These amounts have no impact on the Series’ financial statements and have had a portion waived at the discretion of the Managing Owner. Solon Capital, LLC, an affiliate of the Trust, provides product development and marketing services. For these services, the Managing Owner paid Solon Capital, LLC, $0 and $316,272, respectively, for the three months ended March 31, 2016 and 2015, respectively. These amounts have no impact on the Series’ financial statements and have had a portion waived at the discretion of the Managing Owner. Equinox Group Distributors LLC, an affiliate under common control of the Managing Owner, serves as wholesaler of the Trust by marketing to broker/dealer organizations. |
Financial Highlights
Financial Highlights | 3 Months Ended |
Mar. 31, 2016 | |
The Series of Equinox Frontier Funds [Member] | |
Financial Highlights | 7. Financial Highlights The following information presents the financial highlights of the Trust, with respect to the Series, for the three months ended March 31, 2016 and 2015 Equinox Frontier Diversified Fund Equinox Frontier Masters Fund Equinox Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 3 Class 1a Class 2a Class 3a Per unit operating performance (1) Net asset value, December 31, 2015 $ 115.52 $ 129.60 $ 119.87 $ 112.87 $ 126.60 $ 117.57 $ 132.10 $ 132.14 $ 94.76 $ 106.19 $ 106.86 Net operating results: Interest income 0.31 0.35 0.32 0.29 0.33 0.31 0.24 0.24 0.17 0.19 0.19 Expenses (3.92 ) (3.42 ) (3.17 ) (3.36 ) (3.03 ) (2.81 ) (3.34 ) (3.34 ) (2.89 ) (2.68 ) (2.70 ) Net gain/(loss) on investments, net of non-controlling interests 6.51 6.91 6.48 9.21 10.17 9.54 0.50 0.50 0.52 0.45 0.53 Net income/(loss) 2.91 3.84 3.63 6.14 7.47 7.02 (2.60 ) (2.61 ) (2.21 ) (2.03 ) (1.97 ) Net asset value, March 31, 2016 $ 118.43 $ 133.44 $ 123.50 $ 119.01 $ 134.07 $ 124.59 $ 129.50 $ 129.53 $ 92.55 $ 104.16 $ 104.89 Ratios to average net assets (3) Net investment income/(loss) -7.38 % -4.45 % -4.45 % -7.37 % -5.12 % -5.12 % -6.09 % -6.09 % -8.17 % -6.09 % -5.87 % Expenses before incentive fees (4) 6.88 % 3.95 % 3.95 % 7.39 % 5.14 % 5.14 % 5.77 % 5.77 % 7.85 % 5.77 % 5.48 % Expenses after incentive fees (4) 8.40 % 5.47 % 5.47 % 8.35 % 6.11 % 6.11 % 6.79 % 6.79 % 8.88 % 6.79 % 6.58 % Total return before incentive fees (2) 4.04 % 4.48 % 4.55 % 6.40 % 6.86 % 6.94 % -0.94 % -0.95 % -1.31 % -0.89 % -0.75 % Total return after incentive fees (2) 2.52 % 2.96 % 3.03 % 5.44 % 5.90 % 5.97 % -1.97 % -1.98 % -2.33 % -1.91 % -1.84 % Equinox Frontier Balanced Fund Equinox Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2015 $ 128.03 $ 133.59 $ 179.69 $ 154.88 $ 154.37 $ 90.35 $ 94.28 $ 125.11 Net operating results: Interest income 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 Expenses (2.94 ) (2.03 ) (2.74 ) (2.36 ) (2.35 ) (1.58 ) (0.89 ) (1.18 ) Net gain/(loss) on investments, net of non-controlling interests 7.08 7.40 9.96 8.96 8.93 10.63 11.11 14.75 Net income/(loss) 4.15 5.38 7.23 6.61 6.59 9.05 10.22 13.57 Net asset value, March 31, 2016 $ 132.18 $ 138.97 $ 186.92 $ 161.49 $ 160.96 $ 99.40 $ 104.50 $ 138.68 Ratios to average net assets (3) Net investment income/(loss) -5.74 % -2.74 % -2.74 % -2.74 % -2.74 % -5.95 % -2.95 % -2.95 % Expenses before incentive fees (4) 4.77 % 1.77 % 1.77 % 1.77 % 1.77 % 5.78 % 2.78 % 2.78 % Expenses after incentive fees (4) 5.77 % 2.78 % 2.78 % 2.78 % 2.78 % 5.95 % 2.95 % 2.95 % Total return before incentive fees (2) 4.25 % 5.04 % 5.03 % 5.28 % 5.28 % 10.19 % 11.01 % 11.02 % Total return after incentive fees (2) 3.24 % 4.03 % 4.02 % 4.27 % 4.27 % 10.02 % 10.84 % 10.85 % Equinox Frontier Winton Fund Equinox Frontier Heritage Fund Class 1 Class 1AP Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2015 $ 164.17 $ 171.31 $ 217.51 $ 124.27 $ 129.67 $ 173.54 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (3.37 ) (2.18 ) (2.77 ) (2.01 ) (1.07 ) (1.44 ) Net gain/(loss) on investments, net of non-controlling interests 8.38 8.73 11.08 8.50 8.87 11.87 Net income/(loss) 5.01 6.55 8.31 6.49 7.80 10.43 Net asset value, March 31, 2016 $ 169.18 $ 177.86 $ 225.82 $ 130.76 $ 137.47 $ 183.97 Ratios to average net assets (3) Net investment income/(loss) -7.04 % -4.04 % -4.04 % -5.90 % -2.90 % -2.90 % Expenses before incentive fees (4) 6.77 % 3.78 % 3.78 % 5.83 % 2.83 % 2.83 % Expenses after incentive fees (4) 7.04 % 4.05 % 4.05 % 5.90 % 2.90 % 2.90 % Total return before incentive fees (2) 3.32 % 4.09 % 4.09 % 5.30 % 6.09 % 6.08 % Total return after incentive fees (2) 3.05 % 3.82 % 3.82 % 5.22 % 6.02 % 6.01 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. Equinox Frontier Diversified Fund Equinox Frontier Masters Fund Equinox Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 3 Class 1a Class 2a Class 3a Per unit operating performance (1) Net asset value, December 31, 2014 $ 113.09 $ 124.67 $ 115.03 $ 116.61 $ 128.53 $ 119.06 $ 138.30 $ 138.34 $ 101.12 $ 111.35 $ 111.77 Net operating results: Interest income 0.34 0.37 0.34 0.34 0.37 0.34 0.40 0.40 0.29 0.33 0.33 Expenses (5.23 ) (4.95 ) (4.58 ) (4.79 ) (4.54 ) (4.21 ) (3.70 ) (3.71 ) (3.29 ) (2.98 ) (2.99 ) Net gain/(loss) on investments, net of non-controlling interests 23.46 25.67 23.78 16.22 17.76 16.54 31.20 31.03 22.58 24.79 24.98 Net income/(loss) 18.57 21.09 19.54 11.77 13.59 12.67 27.90 27.72 19.58 22.14 22.32 Net asset value, March 31, 2015 $ 131.66 $ 145.76 $ 134.57 $ 128.38 $ 142.12 $ 131.73 $ 166.20 $ 166.06 $ 120.70 $ 133.49 $ 134.09 Ratios to average net assets (3) Net investment income/(loss) -8.00 % -5.53 % -5.53 % -8.34 % -6.12 % -6.12 % -4.59 % -4.59 % -6.69 % -4.59 % -4.41 % Expenses before incentive fees (4) 6.48 % 4.01 % 4.01 % 7.40 % 5.17 % 5.17 % 4.32 % 4.32 % 6.42 % 4.32 % 4.09 % Expenses after incentive fees (4) 9.10 % 6.63 % 6.63 % 9.45 % 7.23 % 7.23 % 5.65 % 5.65 % 7.75 % 5.65 % 5.47 % Total return before incentive fees (2) 19.04 % 19.53 % 19.60 % 12.15 % 12.63 % 12.70 % 21.50 % 21.36 % 20.69 % 21.21 % 21.35 % Total return after incentive fees (2) 16.42 % 16.92 % 16.99 % 10.09 % 10.57 % 10.64 % 20.17 % 20.04 % 19.36 % 19.88 % 19.97 % Equinox Frontier Balanced Fund Equinox Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2014 $ 131.54 $ 133.20 $ 179.16 $ 153.02 $ 152.52 $ 95.61 $ 96.82 $ 128.48 Net operating results: Interest income 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 Expenses (3.68 ) (2.67 ) (3.59 ) (3.07 ) (3.06 ) (2.46 ) (1.73 ) (2.29 ) Net gain/(loss) on investments, net of non-controlling interests 20.93 21.26 28.59 24.80 24.72 13.01 13.22 17.54 Net income/(loss) 17.26 18.60 25.01 21.74 21.67 10.55 11.49 15.25 Net asset value, March 31, 2015 $ 148.80 $ 151.80 $ 204.17 $ 174.76 $ 174.19 $ 106.16 $ 108.31 $ 143.73 Ratios to average net assets (3) Net investment income/(loss) -6.17 % -3.14 % -3.14 % -3.14 % -3.14 % -6.75 % -3.75 % -3.75 % Expenses before incentive fees (4) 4.78 % 1.76 % 1.76 % 1.76 % 1.76 % 5.77 % 2.76 % 2.76 % Expenses after incentive fees (4) 6.19 % 3.17 % 3.17 % 3.17 % 3.17 % 6.75 % 3.75 % 3.75 % Total return before incentive fees (2) 14.54 % 15.38 % 15.38 % 15.62 % 15.62 % 12.02 % 12.85 % 12.85 % Total return after incentive fees (2) 13.12 % 13.96 % 13.96 % 14.21 % 14.21 % 11.03 % 11.87 % 11.87 % Equinox Frontier Winton Fund Equinox Frontier Heritage Fund Class 1 Class 1AP Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2014 $ 175.95 $ 178.18 $ 226.23 $ 130.28 $ 131.93 $ 176.56 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (6.31 ) (5.03 ) (6.38 ) (3.44 ) (2.43 ) (3.26 ) Net gain/(loss) on investments, net of non-controlling interests 22.26 22.62 28.71 21.03 21.36 28.59 Net income/(loss) 15.95 17.59 22.33 17.59 18.93 25.33 Net asset value, March 31, 2015 $ 191.90 $ 195.77 $ 248.56 $ 147.87 $ 150.86 $ 201.89 Ratios to average net assets (3) Net investment income/(loss) -8.63 % -5.63 % -5.63 % -7.00 % -3.99 % -3.99 % Expenses before incentive fees (4) 6.91 % 3.90 % 3.90 % 6.05 % 3.03 % 3.03 % Expenses after incentive fees (4) 8.63 % 5.63 % 5.63 % 7.00 % 3.99 % 3.99 % Total return before incentive fees (2) 10.79 % 11.59 % 11.59 % 14.46 % 15.31 % 15.30 % Total return after incentive fees (2) 9.07 % 9.87 % 9.87 % 13.50 % 14.35 % 14.35 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. |
Equinox Frontier Funds [Member] | |
Financial Highlights | 6. Financial Highlights The following information presents the financial highlights of the Trust for the three months ended March 31, 2016 and 2015. This data has been derived from the information presented in the consolidated financial statements. 2016 2015 Ratios to average net assets (1) Net investment gain/(loss) (1) -5.50 % -6.18 % Expenses before incentive fees (3) 4.93 % 4.87 % Expenses after incentive fees (3) 5.90 % 6.61 % Total return before incentive fees (2) 4.62 % 14.05 % Total return after incentive fees (2) 3.65 % 12.31 % (1) Annualized with the exception of incentive fees. (2) Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Consolidated Statements of Operations of the Trust. See footnote 5. The Trust financial highlights are calculated based upon the Trust’s consolidated financial statements. The consolidated Trust does not issue units and therefore the financial highlights do not disclose any unitized data. |
Derivative Instruments and Hedg
Derivative Instruments and Hedging Activities | 3 Months Ended |
Mar. 31, 2016 | |
The Series of Equinox Frontier Funds [Member] | |
Derivative Instruments and Hedging Activities | 8. Derivative Instruments and Hedging Activities The Series’ primary business is to engage in speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts). The Series do not enter into or hold positions for hedging purposes as defined under ASC 815, Derivatives and Hedging The following tables summarize the monthly averages of futures contracts bought and sold for each respective Series of the Trust: For the Three Months Ended March 31, 2016 Monthly average contracts: Bought Sold Equinox Frontier Balanced Fund 1,094 1,089 Equinox Frontier Winton Fund 782 729 Equinox Frontier Select Fund 572 509 For the Three Months Ended March 31, 2015 Monthly average contracts: Bought Sold Equinox Frontier Balanced Fund 1,797 1,774 Equinox Frontier Diversified Fund 2,769 2,726 Equinox Frontier Select Fund 546 584 The following tables summarize the trading revenues for the three months ended March 31, 2016 and 2015 by contract type: Realized Trading Revenue from Futures, Forwards and Options for the Year Ended March 31, 2016 Type of contract Equinox Frontier Select Fund Equinox Frontier Balanced Fund Equinox Frontier Winton Fund Metals $ (108,809 ) $ 30,120 $ (1,316,623 ) Currencies 28,131 (355,492 ) (89,124 ) Energies 1,057,284 299,529 894,793 Agriculturals (139,494 ) (44,749 ) 239,120 Interest rates 1,351,605 3,630,729 3,472,864 Stock indices (172,243 ) (1,942,579 ) (672,307 ) Realized trading income/(loss) (1) $ 2,016,474 $ 1,617,558 $ 2,528,723 Realized Trading Revenue from Futures, Forwards and Options for the Year Ended March 31, 2015 Type of contract Equinox Frontier Equinox Frontier Equinox Frontier Metals $ (545,578 ) $ (373,850 ) $ (480,274 ) Currencies 333,693 1,690,865 1,300,174 Energies 693,912 566,049 673,969 Agriculturals (27,708 ) 40,555 43,268 Interest rates 1,052,987 2,082,162 4,697,960 Stock indices 778,321 2,269,898 2,166,072 Realized trading income/(loss) (1) $ 2,285,627 $ 6,275,679 $ 8,401,169 (1) Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended March 31, 2016 Type of contract Equinox Frontier Equinox Frontier Equinox Frontier Metals $ (198,411 ) $ (32,743 ) $ (490,237 ) Currencies 146,018 (565,832 ) (162,275 ) Energies (639,356 ) 247,539 (125,218 ) Agriculturals 10,560 37,881 (188,079 ) Interest rates 475,301 281,778 1,226,766 Stock indices 201,538 13,737 (184,803 ) Change in unrealized trading income/ (1) $ (4,350 ) $ (17,640 ) $ 76,154 Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended March 31, 2015 Type of contract Equinox Frontier Equinox Frontier Equinox Frontier Metals $ 406,842 $ 84,744 $ 169,599 Currencies 72,173 (201,541 ) (702,482 ) Energies (660,346 ) (545,488 ) (310,222 ) Agriculturals 78,938 (104,841 ) 294,460 Interest rates (436,930 ) (247,430 ) (313,845 ) Stock indices (164,760 ) (351,259 ) 734,599 Change in unrealized trading income/(loss) (1) $ (704,083 ) $ (1,365,815 ) $ (127,891 ) (1) Amounts recorded in the Statements of Operations under Net change in open trade equity (deficit). Certain financial instruments and derivative instruments are eligible for offset in the statements of financial condition under GAAP. The Series’ open trade equity/(deficit), options written, and receivables from futures commissions merchants (each, an “FCM”) are subject to master netting arrangements and collateral arrangements and meet the GAAP guidance to qualify for offset. A master netting arrangement with a counterparty creates a right of offset for amounts due to and from that same counterparty that is enforceable in the event of a default or bankruptcy. The Series’ policy is to recognize amounts subject to master netting arrangements on a net basis on the statements of financial condition. The following tables present gross and net information about the Series’ assets and liabilities subject to master netting arrangements as disclosed on the statements of financial condition as of March 31, 2016 and December 31, 2015. As of March 31, 2016 Gross Amounts Gross Amounts offset Net Amounts Equinox Frontier Balanced Fund Open Trade Equity/(Deficit) $ 257,286 $ (263,396 ) $ (6,110 ) Swap Contracts 16,955,814 — 16,955,814 Equinox Frontier Diversified Fund Swap Contracts $ 7,445,618 $ — $ 7,445,618 Equinox Frontier Long/Short Commodity Fund Swap Contracts $ 4,256,848 $ — $ 4,256,848 Equinox Frontier Heritage Fund Swap Contracts $ 8,857,363 $ — $ 8,857,363 Equinox Frontier Select Fund Open Trade Equity/(Deficit) $ 499,695 $ (41,706 ) $ 457,989 Equinox Frontier Winton Fund Open Trade Equity/(Deficit) $ 675,733 $ — $ 675,733 As of December 31, 2015 Gross Amounts Gross Amounts Net Amounts Equinox Frontier Balanced Fund Open Trade Equity/(Deficit) $ 26,882 $ (15,352 ) $ 11,530 Swap Contracts 19,157,520 — 19,157,520 Equinox Frontier Diversified Fund Swap Contracts $ 8,685,849 $ — $ 8,685,849 Equinox Frontier Long/Short Commodity Fund Swap Contracts $ 4,332,428 $ — $ 4,332,428 Equinox Frontier Heritage Fund Swap Contracts $ 7,960,268 $ — $ 7,960,268 Equinox Frontier Select Fund Open Trade Equity/(Deficit) $ 495,020 $ (32,681 ) $ 462,339 Equinox Frontier Winton Fund Open Trade Equity/(Deficit) $ 768,118 $ (168,539 ) $ 599,579 |
Equinox Frontier Funds [Member] | |
Derivative Instruments and Hedging Activities | 7. Derivative Instruments and Hedging Activities The Trust’s primary business is to engage in speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts). The Trust does not enter into or hold positions for hedging purposes as defined under ASC 815. The detail of the fair value of the Trust’s derivatives by instrument types as of March 31, 2016 and December 31, 2015 is included in the Consolidated Condensed Schedules of Investments. See Note 4 for further disclosure related to the Trust’s positions in swap contracts. For the three months ended March 31, 2016 and 2015, the monthly average of futures contracts bought was approximately 9,689 and 10,923, respectively and sold was approximately 9,587 and 10,975, respectively. Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended March 31, 2016 (1) Type of contract Metals $ (5,431,149 ) Currencies (1,496,926 ) Energies 4,565,694 Agriculturals (984,627 ) Interest rates 12,614,651 Stock indices (1,212,327 ) Realized trading income/(loss) (1) $ 8,055,316 Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended March 31, 2016 (2) Type of contract Metals $ 2,474,844 Currencies (2,141,826 ) Energies 2,011,847 Agriculturals 564,823 Interest rates 1,745,123 Stock indices (500,530 ) Change in unrealized trading income/(loss) (2) $ 4,154,281 (1) In the Consolidated Statement of Operations under net realized gain/(loss) on futures, forwards and options (2) In the Consolidated Statement of Operations under net change in open trade equity (deficit), at fair value. Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended March 31, 2015 (1) Type of contract Metals $ (1,858,800 ) Currencies 10,129,391 Energies 11,552,937 Agriculturals (148,685 ) Interest rates 9,920,908 Stock indices 10,391,914 Realized trading income/(loss) (1) $ 39,987,665 Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended March 31, 2015 (2) Type of contract Metals $ 104,184 Currencies (2,328,313 ) Energies (7,926,646 ) Agriculturals 187,764 Interest rates (190,205 ) Stock indices (148,225 ) Change in unrealized trading income/(loss) (2) $ (10,301,441 ) (1) In the Consolidated Statement of Operations under net realized gain/(loss) on futures, forwards and options (2) In the Consolidated Statement of Operations under net change in open trade equity (deficit), at fair value. Certain financial instruments and derivative instruments are eligible for offset in the statements of financial condition under GAAP. The Trust’s open trade equity/(deficit), options written, and receivables from futures commission merchants (each, an “FCM”) are subject to master netting arrangements and collateral arrangements and meet the GAAP guidance to qualify for offset. A master netting arrangement with a counterparty creates a right of offset for amounts due to and from that same counterparty that is enforceable in the event of a default or bankruptcy. The Trust’s policy is to recognize amounts subject to master netting arrangements on a net basis on the consolidated statements of financial condition. The following tables present gross and net information about the Trust’s assets and liabilities subject the master netting arrangements as disclosed on the consolidated statements of financial condition as of March 31, 2016 and December 31, 2016: Offsetting of Derivative Assets and Liabilities As of March 31, 2016 Gross Amounts of Gross Amounts offset Net Amounts Open Trade Equity/(Deficit) $ 2,141,256 $ (2,206,127 ) $ (64,871 ) Options Purchased 216,150 — 216,150 Options Written — (205,350 ) (205,350 ) Swap Contracts 37,515,643 — 37,515,643 Offsetting of Derivative Assets and Liabilities As of December 31, 2015 Gross Amounts of Gross Amounts offset Net Amounts Open Trade Equity/(Deficit) $ 2,101,541 $ (6,450,411 ) $ (4,348,870 ) Options Purchased 526,288 — 526,288 Options Written — (165,760 ) (165,760 ) Swap Contracts 40,136,065 — 40,136,065 |
Trading Activities and Related
Trading Activities and Related Risks | 3 Months Ended |
Mar. 31, 2016 | |
The Series of Equinox Frontier Funds [Member] | |
Trading Activities and Related Risks | 9. Trading Activities and Related Risks The purchase and sale of futures and options on futures contracts require margin deposits with FCMs. Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act, as amended (the “Commodity Exchange Act”) requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. A customer’s cash and other property (for example, U.S. treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. The term “off-balance sheet risk” refers to an unrecorded potential liability that, even though it does not appear on the statements of financial condition, may result in future obligation or loss in excess of the amount paid by the Series for a particular investment. Each Trading Company expects to trade in futures, options, forward and swap contracts and will therefore be a party to financial instruments with elements of off-balance sheet market and credit risk. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by market conditions, such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures positions held by a Trading Company in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company are unable to offset such futures interests positions, such Trading Company could lose all of its assets and the holders of Units of such Series would realize a 100% loss. The Managing Owner will seek to minimize market risk through real-time monitoring of open positions and the level of diversification of each Trading Advisor’s portfolio. It is anticipated that any Trading Advisor’s margin-to-equity ratio will typically not exceed approximately 35% although the actual ratio could be higher or lower from time to time. In addition to market risk, trading futures, forward and swap contracts entails credit risk that a counterparty will not be able to meet its obligations to a Trading Company. The counterparty for futures contracts traded in the United States and on most foreign exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases where the clearinghouse is not backed by the clearing members, like some foreign exchanges, it is normally backed by a consortium of banks or other financial institutions. Some non-U.S. exchanges, in contrast to U.S. exchanges, are principals’ markets in which performance is the responsibility only of the individual counterparty with whom the Trading Company has entered into the transaction, and not of the exchange or clearing corporation. In these kinds of markets, there is risk of bankruptcy or other failure or refusal to perform by the counterparty. In the case of forward contracts traded on the interbank market and swaps, neither is traded on exchanges. The counterparty is generally a single bank or other financial institution, rather than a group of financial institutions; thus there may be a greater counterparty credit risk. The Managing Owner expects the Trading Advisors to trade only with those counterparties which it believes to be creditworthy. All positions of each Trading Company will be valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to any Trading Company. The Managing Owner has established procedures to actively monitor and minimize market and credit risks. The Limited Owners bear the risk of loss only to the extent of the market value of their respective investments and, in certain specific circumstances, distributions and redemptions received. |
Equinox Frontier Funds [Member] | |
Trading Activities and Related Risks | 8. Trading Activities and Related Risks The purchase and sale of futures and options on futures contracts require margin deposits with FCMs. Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. A customer’s cash and other property (for example, U.S. treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. The term “off-balance sheet risk” refers to an unrecorded potential liability that, even though it does not appear on the statements of financial condition, may result in future obligation or loss in excess of the amount paid by the Series for a particular investment. Each Trading Company expects to trade in futures, options, forward and swap contracts and will therefore be a party to financial instruments with elements of off-balance sheet market and credit risk. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by market conditions, such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures positions held by a Trading Company in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company are unable to offset such futures interests positions, such Trading Company could lose all of its assets and the holders of Units of such Series would realize a 100% loss. The Managing Owner will seek to minimize market risk through real-time monitoring of open positions and the level of diversification of each Trading Advisor’s portfolio. It is anticipated that any Trading Advisor’s margin-to-equity ratio will typically not exceed approximately 35% although the actual ratio could be higher or lower from time to time. In addition to market risk, trading futures, forward and swap contracts entails credit risk that a counterparty will not be able to meet its obligations to a Trading Company. The counterparty for futures contracts traded in the United States and on most foreign exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases where the clearinghouse is not backed by the clearing members, like some foreign exchanges, it is normally backed by a consortium of banks or other financial institutions. Some non-U.S. exchanges, in contrast to U.S. exchanges, are principals’ markets in which performance is the responsibility only of the individual counterparty with whom the Trading Company has entered into the transaction, and not of the exchange or clearing corporation. In these kinds of markets, there is risk of bankruptcy or other failure or refusal to perform by the counterparty. In the case of forward contracts traded on the interbank market and swaps, neither is traded on exchanges. The counterparty is generally a single bank or other financial institution, rather than a group of financial institutions; thus there may be a greater counterparty credit risk. The Managing Owner expects the Trading Advisors to trade only with those counterparties which it believes to be creditworthy. All positions of each Trading Company will be valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to any Trading Company. The Managing Owner has established procedures to actively monitor and minimize market and credit risks. The Limited Owners bear the risk of loss only to the extent of the market value of their respective investments and, in certain specific circumstances, distributions and redemptions received. |
Indemnifications
Indemnifications | 3 Months Ended |
Mar. 31, 2016 | |
The Series of Equinox Frontier Funds [Member] | |
Indemnifications | 10. Indemnifications and Guarantees noted in Management Discussion and Analysis The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence or bad faith. The Trust has had no prior claims or payments pursuant to these agreements. The Trust’s individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. However, based on experience the Trust expects the risk of loss to be remote. Maximum exposure is unfulfilled obligations of the Series up to the amount of equity at risk with UBS Securities LLC of the referenced Series as allocated from the Trading Company. The Series have not recorded any liability for the guarantees in the accompanying financial statements as it expects any possibility of losses to be remote. The Trust has guaranteed the obligations of the Trading Companies under the customer agreements with UBS Securities LLC as Clearing Broker. In the event that one Series of the Trust is unable to meet its obligations to UBS Securities LLC, the assets of the other Series will be available to UBS Securities LLC as part of the guarantee, but only to the extent of such Series’ pro rata allocation to the Trading Company. The Series have not recorded any liability for the indemnifications in the accompanying financial statement, as it expects any possibility of losses to be remote. |
Equinox Frontier Funds [Member] | |
Indemnifications | 9. Indemnifications and Guarantees The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence or bad faith. The Trust has had no prior claims or payments pursuant to these agreements. The Trust’s individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. However, based on experience the Trust expects the risk of loss to be remote. Maximum exposure is unfulfilled obligations of the Trust up to the amount of equity at risk with UBS Securities LLC. The Trust has not recorded any liability for the guarantees in the accompanying financial statements as it expects any possibility of losses to be remote. The Trust has guaranteed the obligations of the trading companies under the customer agreements with UBS Securities LLC as Clearing Broker. In the event that one Series of the Trust is unable to meet its obligations to UBS Securities LLC, the assets of the other Series will be available to UBS Securities LLC as part of the guarantee, but only to the extent of such Series’ pro rata allocation to the trading company. The Trust has not recorded any liability for the indemnifications in the accompanying financial statements as it expects any possibility of losses to be remote. |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2016 | |
The Series of Equinox Frontier Funds [Member] | |
Subsequent Events | 11. Subsequent Events On April 15, 2016, Equinox Frontier Long/Short Commodity Fund (the “Fund”), which previously obtained exposure to the Multi-Strategy Program of Emil van Essen LLC through its investment in Frontier Trading Company VII, LLC (“the Trading Company”), exchanged its interests in the Trading Company for interests of equivalent value in a feeder fund of the Galaxy Plus Fund – Emil van Essen STP Master Fund (516) LLC (“Master Fund”), which is advised by Emil van Essen LLC. The Fund will now obtain exposure to the Multi-Strategy Program through this investment in the feeder fund. The feeder fund is a commodity pool available to the Fund and other investors through the Galaxy Plus Managed Account Platform, which is an unaffiliated, third-party managed account platform sponsored and operated by Gemini Alternative Funds, LLC. On March 30, 2016, Equinox Fund Management, LLC on its own behalf and on behalf of each series of Equinox Frontier Funds entered into a new Administrative Services Agreement with Gemini Hedge Fund Services, LLC (“Gemini”) pursuant to which Gemini will act as an independent, third party administrator to perform certain administrative services including the calculation of net asset value, trade reconciliation, audit support and other financial bookkeeping services. This agreement will not take effect until July 1, 2016. On March 30, 2016, the Trust entered into a new Fund Services Agreement with Gemini Fund Services, LLC (the “New Transfer Agent”) pursuant to which the New Transfer Agent will act as an independent, third party transfer agent to perform investor and administration services and related services including, but not limited to, sales processing and commissions, distribution processing, transfer agent services, shareholder telephone support, tax reporting and processing, reinvestment agent servicing and redemption agent servicing. This agreement will not take effect until July 1, 2016. In connection with the foregoing transactions, the Trust and the Managing Owner have terminated the Administration Agreement dated July 7, 2011 with BNP Paribas Financial Services, LLC and the Transfer Agency Agreement dated December 1, 2011 with Phoenix American Financial Services, LLC. Both company’s services will end June 30, 2016. Offers and sales of units of the Fund were suspended on May 2, 2016 and resumed on May 6, 2016 due to a delay in the receipt of certain regulatory approvals of the Fund’s offering documentation. |
Equinox Frontier Funds [Member] | |
Subsequent Events | 10. Subsequent Events On April 15, 2016, Equinox Frontier Long/Short Commodity Fund (the “Fund”), which previously obtained exposure to the Multi-Strategy Program of Emil van Essen LLC through its investment in Frontier Trading Company VII, LLC (“the Trading Company”), exchanged its interests in the Trading Company for interests of equivalent value in a feeder fund of the Galaxy Plus Fund – Emil van Essen STP Master Fund (516) LLC (“Master Fund”), which is advised by Emil van Essen LLC. The Fund will now obtain exposure to the Multi-Strategy Program through this investment in the feeder fund. The feeder fund is a commodity pool available to the Fund and other investors through the Galaxy Plus Managed Account Platform, which is an unaffiliated, third-party managed account platform sponsored and operated by Gemini Alternative Funds, LLC. On March 30, 2016, Equinox Fund Management, LLC on its own behalf and on behalf of each series of Equinox Frontier Funds entered into a new Administrative Services Agreement with Gemini Hedge Fund Services, LLC (“Gemini”) pursuant to which Gemini will act as an independent, third party administrator to perform certain administrative services including the calculation of net asset value, trade reconciliation, audit support and other financial bookkeeping services. This agreement will not take effect until July 1, 2016. On March 30, 2016, the Trust entered into a new Fund Services Agreement with Gemini Fund Services, LLC (the “New Transfer Agent”) pursuant to which the New Transfer Agent will act as an independent, third party transfer agent to perform investor and administration services and related services including, but not limited to, sales processing and commissions, distribution processing, transfer agent services, shareholder telephone support, tax reporting and processing, reinvestment agent servicing and redemption agent servicing. This agreement will not take effect until July 1, 2016. In connection with the foregoing transactions, the Trust and the Managing Owner have terminated the Administration Agreement dated July 7, 2011 with BNP Paribas Financial Services, LLC and the Transfer Agency Agreement dated December 1, 2011 with Phoenix American Financial Services, LLC. Both company’s services will end June 30, 2016. Offers and sales of units of the Fund were suspended on May 2, 2016 and resumed on May 6, 2016 due to a delay in the receipt of certain regulatory approvals of the Fund’s offering documentation. |
Significant Accounting Polici19
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2016 | |
Equinox Frontier Funds [Member] | |
Basis of Presentation | Basis of Presentation |
Consolidation | Consolidation |
Use of Estimates | Use of Estimates |
Cash and Cash Equivalents | Cash and Cash Equivalents |
Interest Income | Interest Income |
U.S. Treasury Securities | U.S. Treasury Securities Fair Value Measurements and Disclosures (“ |
Receivable from Futures Commission Merchants | Receivable From Futures Commission Merchants |
Investment Transactions | Investment Transactions Balance Sheet (“ASC 210” Balance Sheet (Topic 210 Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest was recognized in the period earned and the instruments were marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the consolidated statements of operations. |
Foreign Currency Transactions | Foreign Currency Transactions |
Allocation of Earnings | Allocation of Earnings |
Investments and Swaps | Investments and Swaps |
Income Taxes | Income Taxes Income Taxes In the opinion of the Managing Owner, (i) the Trust is treated as a partnership for Federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, the Trust is not a publicly traded partnership treated as a corporation, and (ii) the discussion set forth in the Prospectus under the heading “Federal Income Tax Consequences” correctly summarizes the material Federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Series Units of the Trust. |
Fees and Expenses | Fees and Expenses |
Service Fees | Service Fees These service fees are part of the offering costs of the Trust, which include registration and filing fees, legal and blue sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and enjoys the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. |
Pending Owner Additions | Pending Owner Additions |
Recently Adopted Accounting Pronouncements | Recently Adopted Accounting Pronouncements In February, 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. ASU 2015-02 provides guidance on the consolidation evaluation for reporting organizations that are required to evaluate whether they should consolidate certain legal entities such as limited partnerships, limited liability corporations, and securitization structures (collateralized debt obligations, collateralized loan obligations, and mortgage-backed security transactions). ASU 2015-02 is effective for periods beginning after December 15, 2015. The adoption of ASU 2015-02 is not expected to have a material effect on the Trust’s financial statements. Early adoption is permitted. |
Subsequent Events | “ Subsequent Events Subsequent Events |
The Series of Equinox Frontier Funds [Member] | |
Basis of Presentation | Basis of Presentation |
Consolidation | Consolidation As of March 31, 2016, the consolidated balance sheet of Equinox Frontier Balanced Fund included the assets and liabilities of its majority owned Trading Companies. These Trading Companies include Frontier Trading Company XIV, LLC, Frontier Trading Company XXIII, LLC, Frontier Trading Company XXIX, LLC and Frontier Trading Company XXXIV, LLC. For the three months ended March 31, 2016, the consolidated statement of operations of Equinox Frontier Balanced Fund included the earnings of its majority owned Trading Companies listed above. As of March 31, 2016, the consolidated balance sheet of Equinox Frontier Long/Short Commodity Fund included the assets and liabilities of its majority owned Trading Company, Frontier Trading Company XXXVII, LLC. For the three months ended March 31, 2016, the consolidated statement of operations of Equinox Frontier Long/Short Commodity Fund included the earnings of its majority owned Trading Company listed above. As of March 31, 2016, the consolidated balance sheet of Equinox Frontier Diversified Fund included the assets and liabilities of its majority owned Frontier Trading Company XXXV, LLC. For the three months ended March 31, 2016, the consolidated statement of operations of Equinox Frontier Diversified Fund included the earnings of its majority owned Trading Company listed above. As of and for the three months ended March 31, 2016, the consolidated balance sheet and statement of operations of Equinox Frontier Heritage Fund included the assets and liabilities, and earnings, respectively, of its majority owned Trading Company, Frontier Trading Company XXXIX, LLC. As of and for the three months ended March 31, 2016, the consolidated balance sheet and statement of operations of Equinox Frontier Select Fund included the assets and liabilities, and earnings, respectively, of its majority owned Trading Company, Frontier Trading Company XV, LLC. As of and for the three months ended March 31, 2016, the consolidated balance sheet and statement of operations of Equinox Frontier Winton Fund included the assets and liabilities, and earnings, respectively, of its majority owned Trading Company, Frontier Trading Company II, LLC. 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. |
Use of Estimates | Use of Estimates— |
Cash and Cash Equivalents | Cash and Cash Equivalents— |
Interest Income | Interest Income— |
U.S. Treasury Securities | U.S. Treasury Securities— Fair Value Measurements and Disclosures (“ |
Receivable from Futures Commission Merchants | Receivable From Futures Commission Merchants |
Investment Transactions | Investment Transactions— Balance Sheet (“ASC 210” Balance Sheet (Topic 210 Any change in net unrealized gain or loss from the preceding period is reported in the statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest is recognized in the period earned and the instruments are marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the statements of operations. |
Foreign Currency Transactions | Foreign Currency Transactions— |
Allocation of Earnings | Allocation of Earnings— Each Series allocates funds to an affiliated Trading Company, or Companies, of the Trust. Each Trading Company allocates all of its daily trading gains or losses to the Series in proportion to each Series’ ownership trading level interest in the Trading Company, adjusted on a daily basis (except for Trading Advisors and other investments such as Swaps that are directly allocated to a specific series). The value of all open contracts and cash held at clearing brokers is similarly allocated to the Series in proportion to each Series’ funds allocated to the Trading Company, or Companies. |
Investments and Swaps | Investments and Swaps |
Income Taxes | Income Taxes Income Taxes In the opinion of the Managing Owner, (i) the Trust, with respect to the Series, is treated as a partnership for federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, the Trust is not a publicly traded partnership treated as a corporation, and (ii) the discussion set forth in the Prospectus under the heading “Federal Income Tax Consequences” correctly summarizes the material federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Units of the Trust. |
Fees and Expenses | Fees and Expenses |
Service Fees | Service Fees These service fees are part of the offering costs of the Trust, with respect to the Series, which include registration and filing fees, legal and blue sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. |
Pending Owner Additions | Pending Owner Additions— |
Recently Adopted Accounting Pronouncements | Recently Adopted Accounting Pronouncements— In February, 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. ASU 2015-02 provides guidance on the consolidation evaluation for reporting organizations that are required to evaluate whether they should consolidate certain legal entities such as limited partnerships, limited liability corporations, and securitization structures (collateralized debt obligations, collateralized loan obligations, and mortgage-backed security transactions). Adoption did not affect the Trust’s financial condition, results of operations, or cash flows. |
Reclassification | Reclassification – |
Subsequent Events | Subsequent Events On March 30, 2016, Equinox Fund Management, LLC, on its own behalf and on behalf of each series of Equinox Frontier Funds, entered into a new Administrative Services Agreement with Gemini Hedge Fund Services, LLC (“Gemini”) pursuant to which Gemini will act as an independent, third party administrator to perform certain administrative services including the calculation of net asset value, trade reconciliation, audit support and other financial bookkeeping services. On March 30, 2016, the Trust entered into a new Fund Services Agreement with Gemini Fund Services, LLC (the “Transfer Agent”) pursuant to which the Transfer Agent will act as an independent, third party transfer agent to perform investor and administration services and related services including, but not limited to, sales processing and commissions, distribution processing, transfer agent services, shareholder telephone support, tax reporting and processing, reinvestment agent servicing and redemption agent servicing. In connection with the foregoing transactions, the Trust and the Managing Owner have terminated the Administration Agreement dated July 7, 2011 with BNP Paribas Financial Services, LLC and the Transfer Agency Agreement dated December 1, 2011 with Phoenix American Financial Services, LLC. |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
The Series of Equinox Frontier Funds [Member] | |
Financial Asset Portfolio, by Series, Measured at Fair Value on Recurring Basis | The following table summarizes the instruments that comprise the Trust, with respect to the Series, financial asset portfolio, by Series, measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015 segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: March 31, 2016 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Equinox Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 15,049,590 $ 25,430 $ — $ 15,075,020 Swap Contracts — — 7,445,618 7,445,618 U.S. Treasury Securities 38,197,594 — — 38,197,594 Equinox Frontier Masters Fund Investment in Unconsolidated Trading Companies 10,784,090 32,958 — 10,817,048 U.S. Treasury Securities 11,278,168 — — 11,278,168 Equinox Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 3,574,740 (12,121 ) — 3,562,619 Swap Contracts — — 4,256,848 4,256,848 U.S. Treasury Securities 4,451,169 — — 4,451,169 Equinox Frontier Balanced Fund Investment in Unconsolidated Trading Companies 17,541,006 52,807 — 17,593,813 Open Trade Equity (Deficit) (6,110 ) — — (6,110 ) Swap Contracts — — 16,955,814 16,955,814 U.S. Treasury Securities 50,546,326 — — 50,546,326 Equinox Frontier Select Fund — Investment in Unconsolidated Trading Companies 264,221 — 4,294,379 4,558,600 Open Trade Equity (Deficit) 457,989 — — 457,989 U.S. Treasury Securities 1,351,993 — — 1,351,993 Equinox Frontier Winton Fund Investment in Unconsolidated Trading Companies 431,600 — — 431,600 Open Trade Equity (Deficit) 675,733 — — 675,733 U.S. Treasury Securities 25,981,216 — — 25,981,216 Equinox Frontier Heritage Fund Investment in Unconsolidated Trading Companies 1,785,699 76,328 — 1,862,027 Swap Contracts — — 8,857,363 8,857,363 U.S. Treasury Securities 5,517,908 — — 5,517,908 December 31, 2015 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Equinox Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 15,844,097 $ 250,110 $ — $ 16,094,207 Swap Contracts — — 8,685,849 8,685,849 U.S. Treasury Securities 27,604,916 — — 27,604,916 Equinox Frontier Masters Fund Investment in Unconsolidated Trading Companies 9,383,235 26,695 — 9,409,930 U.S. Treasury Securities 11,953,206 — — 11,953,206 Equinox Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 3,355,174 59,489 — 3,414,663 Swap Contracts — — 4,332,428 4,332,428 U.S. Treasury Securities 4,792,817 — — 4,792,817 Equinox Frontier Balanced Fund Investment in Unconsolidated Trading Companies 17,357,475 266,493 — 17,623,968 Open Trade Equity (Deficit) 11,530 — — 11,530 Swap Contracts — — 19,157,520 19,157,520 U.S. Treasury Securities 41,148,676 — — 41,148,676 Equinox Frontier Select Fund — Investment in Unconsolidated Trading Companies 213,921 — 3,933,919 4,147,840 Open Trade Equity (Deficit) 462,339 — — 462,339 U.S. Treasury Securities 1,852,429 — — 1,852,429 Equinox Frontier Winton Fund Investment in Unconsolidated Trading Companies 297,554 — — 297,554 Open Trade Equity (Deficit) 599,579 — — 599,579 U.S. Treasury Securities 24,617,817 — — 24,617,817 Equinox Frontier Heritage Fund Investment in Unconsolidated Trading Companies 1,403,461 2,125 — 1,405,586 Swap Contracts — — 7,960,268 7,960,268 U.S. Treasury Securities 5,508,577 — — 5,508,577 |
Change in Level 3 Assets Measured at Fair Value on Recurring Basis | During the three months March 31, 2016, all identified Level 3 assets are components of the Equinox Frontier Diversified Fund, Equinox Frontier Long/Short Commodity Fund, Equinox Frontier Balanced Fund, Equinox Frontier Select Fund, and Equinox Frontier Heritage Fund. 2016: For the Three Months Ended March 31, 2016 Swaps: Equinox Frontier Equinox Frontier Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2016 $ 8,685,849 $ 4,332,428 $ 19,157,520 Total gains or losses (realized/unrealized): Included in earnings-realized — — — Included in earnings-unrealized (1,240,231 ) (75,580 ) (2,201,706 ) Purchases of investments — — — Sales of investments — — — Change in ownership allocation of total return swaps — — — Transfers in and/or out of Level 3 — — — Balance of recurring Level 3 assets as of March 31, 2016 $ 7,445,618 $ 4,256,848 $ 16,955,814 Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2016 $ 7,960,268 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 897,095 Purchases of investments — Sales of investments — Change in ownership allocation of total return swaps — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of March 31, 2016 $ 8,857,363 Investments in Unconsolidated Trading Companies: Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2016 $ 3,933,919 Change in fair value of investments in unconsolidated trading companies 360,460 Proceeds from sales of investments of unconsolidated trading companies — Purchases of investments of unconsolidated trading companies — Change in ownership allocation — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of March 31, 2016 $ 4,294,379 For the Year Ended December 31, 2015 Swaps: Equinox Frontier Equinox Frontier Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2015 $ 6,570,408 $ 3,633,060 $ 18,246,954 Total gains or losses (realized/unrealized): Included in earnings-realized — — — Included in earnings-unrealized 2,115,441 (300,632 ) 910,566 Purchases of investments — 1,000,000 — Sales of investments — — — Change in ownership allocation of total return swaps — — — Transfers in and/or out of Level 3 — — — Balance of recurring Level 3 assets as of December 31, 2015 $ 8,685,849 $ 4,332,428 $ 19,157,520 Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2015 $ 7,540,465 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 419,803 Purchases of investments — Sales of investments — Change in ownership allocation of total return swaps — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2015 $ 7,960,268 Investments in Unconsolidated Trading Companies: Equinox Frontier Balance of recurring Level 3 assets as of January 1, 2015 $ 3,539,498 Change in fair value of investments in unconsolidated trading companies 394,421 Proceeds from sales of investments of unconsolidated trading companies — Purchases of investments of unconsolidated trading companies — Change in ownership allocation — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2015 $ 3,933,919 |
Change in Unrealized Appreciation (Depreciation) included in Statements of Operations Attributable to Level 3 Investments | The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at March 31, 2016: Equinox Frontier Equinox Frontier Equinox Frontier Equinox Frontier Swaps $ (1,240,231 ) $ (75,579 ) $ (2,201,706 ) $ 897,095 Equinox Frontier Investments in Unconsolidated Trading Companies $ 360,460 The total change in unrealized appreciation (depreciation) included in the statements of operations attributable to level 3 investments still held at December 31, 2015: Equinox Frontier Equinox Frontier Equinox Frontier Equinox Frontier Swaps $ 2,115,441 $ (300,633 ) $ 910,566 $ 419,803 Equinox Frontier Investments in Unconsolidated Trading Companies $ 419,803 |
Equinox Frontier Funds [Member] | |
Financial Asset Portfolio, by Series, Measured at Fair Value on Recurring Basis | The following table summarizes the instruments that comprise the Trust’s financial asset portfolio, by Series, measured at fair value on a recurring basis as of March 31, 2016 and 2015, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: March 31, 2016 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Open Trade Equity (Deficit) $ (186,693 ) $ 121,822 $ — $ (64,871 ) Swap Contracts — — 37,515,643 37,515,643 U.S. Treasury Securities 137,324,374 — — 137,324,374 Purchased Options — 216,150 — 216,150 Written Options — (205,350 ) — (205,350 ) December 31, 2015 Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Open Trade Equity (Deficit) $ (4,424,290 ) $ 75,418 $ — $ (4,348,872 ) Swap Contracts — — 40,136,065 40,136,065 U.S. Treasury Securities 117,478,438 — — 117,478,438 Purchased Options — 526,288 — 526,288 Written Options — (165,760 ) — (165,760 ) |
Change in Level 3 Assets Measured at Fair Value on Recurring Basis | The changes in Level 3 assets measured at fair value on a recurring basis are summarized in the following tables. Swap contract asset gains and losses (realized/unrealized) included in earnings are classified in “realized and unrealized gain (loss) on investments – net unrealized gain/(loss) on swap contracts” on the statements of operations. For the Three Months ended Balance of recurring Level 3 assets as of January 1, 2015 $ 40,136,065 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized (2,620,422 ) Purchases of investments — Sales of investments — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2015 $ 37,515,643 For the Year ended Balance of recurring Level 3 assets as of January 1, 2015 $ 35,990,887 Total gains or losses (realized/unrealized): Included in earnings-realized — Included in earnings-unrealized 3,145,178 Purchases of investments 1,000,000 Sales of investments — Transfers in and/or out of Level 3 — Balance of recurring Level 3 assets as of December 31, 2015 $ 40,136,065 |
Change in Unrealized Appreciation (Depreciation) included in Statements of Operations Attributable to Level 3 Investments |
Swaps (Tables)
Swaps (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
The Series of Equinox Frontier Funds [Member] | |
Trust, with Respect to Series, has Invested in Following Swap | The Series have invested in the following Swaps as of and for the three months ended March 31, 2016: Equinox Frontier Balanced Fund Equinox Frontier Diversified Fund Equinox Frontier Long/Short Commodity Fund Equinox Frontier Heritage Fund Total Return Swap Total Return Swap Total Return Swap Total Return Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $22,580,043 $13,851,707 $1,877,692 $11,413,283 Termination Date 8/2/2018 8/2/2018 8/7/2018 3/26/2018 Cash Collateral $9,600,000 $3,400,000 $3,880,000 $5,989,499 Swap Value $7,355,814 $4,045,618 $376,848 $2,867,864 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $0 $0 $0 $0 Change in Unrealized Gain/(Loss) ($2,201,706) ($1,240,231) ($75,579) $897,095 Fair Value as of 3/31/2016 $16,955,814 $7,445,618 $4,256,848 $8,857,363 The Series have invested in the following Swaps as of and for the year ended December 31, 2015: Equinox Frontier Balanced Fund Equinox Frontier Diversified Equinox Frontier Long/Short Equinox Frontier Heritage Fund Total Return Swap Total Return Swap Total Return Swap Total Return Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $22,580,043 $13,851,707 $1,877,692 $12,663,283 Termination Date 8/2/2018 8/2/2018 8/7/2018 3/26/2018 Cash Collateral $9,600,000 $3,400,000 $3,880,000 $5,993,000 Swap Value $9,557,520 $5,285,849 $452,428 $1,967,268 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $0 $0 $0 $0 Change in Unrealized Gain/(Loss) $910,566 $2,115,441 ($300,633) $419,803 Fair Value as of 12/31/2015 $19,157,520 $8,685,849 $4,332,428 $7,960,268 |
Equinox Frontier Funds [Member] | |
Trust, with Respect to Series, has Invested in Following Swap | The Trust had invested in the following swaps as of and for the three months ended March 31, 2016: Brevan Howard XXXIV Balanced select swap XXXV Diversified select swap XXXVII L/S select swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $11,413,283 $22,580,043 $13,851,707 $1,877,692 Termination Date 3/26/2018 8/2/2018 8/2/2018 8/7/2018 Cash Collateral $5,989,499 $9,600,000 $3,400,000 $3,880,000 Swap Value $2,867,864 $7,355,814 $4,045,618 $376,848 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $0 $0 $0 $0 Change in Unrealized Gain/(Loss) $897,095 ($2,201,706) ($1,240,231) ($75,579) Fair Value as of 3/31/2016 $8,857,363 $16,955,814 $7,445,618 $4,256,848 The Trust had invested in the following swaps as of and for the year ended December 31, 2015: Brevan Howard Total XXXIV Balanced Select Swap XXXV Diversified Select Swap XXXVII L/S Select Swap Counterparty DeutscheBank AG DeutscheBank AG DeutscheBank AG DeutscheBank AG Notional Amount $12,663,283 $22,580,043 $13,851,707 $1,877,592 Termination Date 3/26/2018 8/2/2018 8/2/2018 8/7/2018 Cash Collateral $5,993,000 $9,600,000 $3,400,000 $3,880,000 Swap Value $1,967,269 $9,557,519 $5,285,749 $452,428 Investee Returns Total Returns Total Returns Total Returns Total Returns Realized Gain/(Loss) $0 $0 $0 $0 Change in Unrealized Gain/(Loss) $419,803 $910,566 $2,115,441 ($300,633) Fair Value as of 12/31/15 $7,960,269 $19,157,519 $8,685,749 $40,136,065 |
Investments in Unconsolidated22
Investments in Unconsolidated Trading Companies (Tables) - The Series of Equinox Frontier Funds [Member] | 3 Months Ended |
Mar. 31, 2016 | |
Investments in Unconsolidated Trading Companies | The following table summarizes each of the Series’ investments in unconsolidated Trading Companies as of March 31, 2016 and December 31, 2015: As of March 31, 2016 As of December 31, 2015 Percentage of Fair Value Percentage of Fair Value Series Equinox Frontier Diversified Fund — Frontier Trading Companies I, II, VII, XXIII and XXXVIII 25.02 % $ 15,075,020 28.89 % $ 16,094,207 Equinox Frontier Masters Fund — Frontier Trading Companies I, II, VII, XV, VII and XXXVIII 49.51 % $ 10,817,048 41.22 % $ 9,409,930 Equinox Frontier Long/Short Commodity Fund — Frontier Trading Company I, VII and XXXVIII 29.34 % $ 3,562,619 26.08 % $ 3,414,663 Equinox Frontier Balanced Fund — Frontier Trading Companies I, II, VII, XXXVIII and XXXIX 19.12 % $ 17,593,813 19.56 % $ 17,623,968 Equinox Frontier Select Fund — Frontier Trading Companies XXXVIII and XXXIX 20.65 % $ 4,558,600 20.83 % $ 4,147,840 Equinox Frontier Winton Fund — Frontier Trading Company XXXVIII 0.97 % $ 461,600 0.72 % $ 297,554 Equinox Frontier Heritage Fund — Frontier Trading Companies II and XXXVIII 11.47 % $ 1,862,027 9.08 % $ 1,405,586 |
Equity in Earnings from Unconsolidated Trading Companies | The following tables summarize each of the Series; equity in earnings from unconsolidated Trading Companies for the three months ended March 31, 2016 and 2015. Three Months Ended March 31, 2016 Three Months Ended March 31, 2015 Trading Realized Change in Net Income Trading Realized Change in Net Income Trading Company Equinox Frontier Diversified Fund — Frontier Trading Company I LLC $ (137,214 ) $ 2,545,837 $ (725,957 ) $ 1,682,666 $ — $ — $ — $ — Frontier Trading Company II LLC (2,862 ) 327,231 21,313 345,682 (4,083 ) 1,333,292 (127,311 ) 1,201,898 Frontier Trading Company VII, LLC (35,220 ) (648,724 ) 2,235,332 1,551,388 (82,381 ) 2,108,509 (1,223,126 ) 803,002 Frontier Trading Company XXIII, LLC (17,627 ) 67,978 58,004 108,355 (19,782 ) 872,609 (26,219 ) 826,608 Frontier Trading Company XXXVIII, LLC (7,062 ) (566,912 ) (121,341 ) (695,315 ) (7,008 ) 875,067 (226,858 ) 641,201 Total $ (199,985 ) $ 1,725,410 $ 1,467,351 $ 2,992,776 $ (113,254 ) $ 5,189,477 $ (1,603,514 ) $ 3,472,709 Equinox Frontier Masters Fund — Frontier Trading Company I LLC $ (5,098 ) $ (36,859 ) $ (351,921 ) $ (393,878 ) $ (3,974 ) $ 1,259,037 $ (138,423 ) $ 1,116,640 Frontier Trading Company II LLC (1,709 ) 196,149 23,001 217,441 (2,329 ) 752,839 (71,107 ) 679,403 Frontier Trading Company XV, LLC (13,399 ) 933,829 (1,487 ) 918,943 (14,122 ) 1,127,983 (429,920 ) 683,941 Frontier Trading Company VII, LLC (20,788 ) (362,846 ) 1,291,104 907,470 (35,943 ) 3,411,269 (3,011,878 ) 363,448 Frontier Trading Company XXXVIII, LLC (2,512 ) (241,160 ) (40,059 ) (283,731 ) (2,805 ) 298,322 (43,190 ) 252,327 Total $ (43,506 ) $ 489,113 $ 920,638 $ 1,366,245 $ (59,173 ) $ 6,849,450 $ (3,694,518 ) $ 3,095,759 Equinox Frontier Long/Short Commodity Fund Frontier Trading Company I LLC $ (2,398 ) $ (16,177 ) $ (157,698 ) $ (176,273 ) $ — $ — $ — $ — Frontier Trading Companies VII, LLC (21,945 ) (275,777 ) 543,257 245,535 (84,768 ) 2,757,328 (928,844 ) 1,743,716 Frontier Trading Company XXXVIII, LLC (1,044 ) (94,696 ) (14,851 ) (110,591 ) (1,968 ) 256,376 (63,599 ) 190,809 Total $ (25,387 ) $ (386,650 ) $ 370,708 $ (41,329 ) $ (86,736 ) $ 3,013,704 $ (992,443 ) $ 1,934,525 Equniox Frontier Balanced Fund — Frontier Trading Company I, LLC $ (157,072 ) $ 3,776,064 $ (839,943 ) $ 2,779,049 $ (89,859 ) $ 2,048,945 $ 237,670 $ 2,196,756 Frontier Trading Company II LLC (3,834 ) 437,433 4,959 438,558 (5,197 ) 1,686,860 (159,819 ) 1,521,844 Frontier Trading Company VII, LLC (42,259 ) (709,503 ) 2,546,996 1,795,234 (92,052 ) 2,316,304 (1,347,583 ) 876,669 Frontier Trading Company XV, LLC — — — — 107 275,900 (275,956 ) 51 Frontier Trading Company XXXVIII, LLC (9,945 ) (817,203 ) (159,283 ) (986,431 ) (9,702 ) 1,220,917 (284,086 ) 927,129 Frontier Trading Company XXXIX, LLC (10 ) 7,074 — 7,064 — — — — Total $ (213,120 ) $ 2,693,865 $ 1,552,729 $ 4,033,474 $ (196,703 ) $ 7,548,926 $ (1,829,774 ) $ 5,522,449 Equniox Frontier Frontier Select Fund — Frontier Trading Company XV, LLC $ — $ $ — $ — — (195 ) 2,175 1,980 Frontier Trading Company XXXIX, LLC (1,697 ) — 444,699 443,002 — — 968,685 968,685 Frontier Trading Company XXXVIII, LLC (342 ) (35,482 ) (3,723 ) (39,547 ) 780 56,689 7,435 63,344 Total $ (2,039 ) $ (35,482 ) $ 440,976 $ 403,455 $ 780 $ 56,494 $ 978,295 $ 1,034,009 Equniox Frontier Winton Fund — Frontier Trading Company II LLC $ — $ — $ — $ — $ (13,273 ) $ 4,309,466 $ (409,695 ) $ 3,886,498 Frontier Trading Company XXXVIII, LLC (5,685 ) (517,940 ) (84,013 ) (607,638 ) (5,886 ) 674,550 (111,929 ) 556,735 Total $ (5,685 ) $ (517,940 ) $ (84,013 ) $ (607,638 ) $ (19,159 ) $ 4,984,016 $ (521,624 ) $ 4,443,233 Equniox Frontier Heritage Fund — Frontier Trading Company II LLC $ (2,066 ) $ 236,237 $ 7,296 $ 241,467 $ (2,502 ) $ 816,543 $ (78,076 ) $ 735,965 Frontier Trading Company XXXVIII, LLC (1,220 ) (113,136 ) (17,796 ) (132,152 ) (1,325 ) 150,850 (24,089 ) 125,436 Total $ (3,286 ) $ 123,101 $ (10,500 ) $ 109,315 $ (3,827 ) $ 967,393 $ (102,165 ) $ 861,401 |
Financial Statements of Unconsolidated Trading Companies | The statements of financial condition as of March 31, 2016 and December 31, 2015 and the Condensed Statement of Income for the three months ended March 31, 2016 and 2015 for the unconsolidated Trading Companies are as follows: Statements of Financial Condition - March 31, 2016 Frontier Trading Frontier Trading Frontier Trading Receivable from commission merchants $ 19,583,145 $ 9,353,961 $ 4,110,010 Open trade equity/(deficit) (1,117,627 ) 72,129 (136,186 ) Interest receivable/(payable) (1,016 ) 481 65 Total net asset value $ 18,464,502 $ 9,426,571 $ 3,973,890 Members’ equity $ 18,464,502 $ 9,426,571 $ 3,973,890 Statements of Financial Condition - Frontier Trading Frontier Trading Frontier Trading Frontier Trading Receivable from commission merchants $ 22,731,131 $ 10,851,264 $ 6,694,318 $ 2,944,692 Open trade equity/(deficit) 3,215,205 3,473,284 3,469,339 1,369,043 Options purchased (written) 35,396 0 76,655 — Interest receivable/(payable) (2,027 ) 421 (170 ) (52 ) Total net asset value $ 25,979,705 $ 14,324,969 $ 10,240,142 $ 4,313,683 Members’ equity $ 25,979,705 $ 14,324,969 $ 10,240,142 $ 4,313,683 Condensed Statement of Income - For the Three Months Ended March 31, 2016 Frontier Trading Frontier Trading Frontier Trading Frontier Trading Interest income $ 3,807 $ (1,472 ) $ (235 ) $ 401 Net realized gain/(loss) on investments, less commissions (5,988,211 ) 2,116,017 (126,760 ) 2,417,045 Change in open trade equity/(deficit) 2,096,648 (6,615,655 ) (7,429 ) 438,358 Net income/(loss) $ (3,887,756 ) $ (4,501,110 ) $ (134,424 ) $ 2,855,804 Condensed Statement of Income - For the Three Months Ended March 31, 2015 Frontier Trading Frontier Trading Frontier Trading Interest income $ (992 ) $ 438 $ 430 Net realized gain/(loss) on investments, less commissions (8,874,767 ) (11,505,782 ) (3,512,349 ) Change in open trade equity/(deficit) 849,059 6,507,341 755,355 Net income/(loss) $ (8,026,700 ) $ (4,998,003 ) $ (2,756,564 ) |
Transactions with Affiliates (T
Transactions with Affiliates (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
The Series of Equinox Frontier Funds [Member] | |
Fees Earned by Managing Owner | The following table summarizes fees earned by the Managing Owner for the three months ended March 31, 2016 and 2015 Three Months Ended March 31, 2016 Incentive Fee Management Fee Service Fee Trading Fee Equinox Frontier Diversified Fund $ 921,036 $ 238,847 $ 76,178 $ 356,708 Equinox Frontier Masters Fund 226,228 161,635 47,135 138,344 Equinox Frontier Long/Short Commodity Fund 134,601 138,546 21,031 49,619 Equinox Frontier Balanced Fund 935,617 234,025 484,072 172,789 Equinox Frontier Select Fund 23,986 70,821 93,444 26,180 Equinox Frontier Winton Fund 99,067 275,820 179,855 68,324 Equinox Frontier Heritage Fund 9,072 63,021 67,669 22,714 Three Months Ended March 31, 2015 Incentive Fee Management Fee Service Fee Trading Fee Equinox Frontier Diversified Fund $ 1,634,242 $ 246,304 $ 121,918 $ 370,802 Equinox Frontier Masters Fund 535,302 178,660 65,178 153,633 Equinox Frontier Long/Short Commodity Fund 239,217 123,036 31,900 68,928 Equinox Frontier Balanced Fund 1,486,957 259,595 562,801 195,344 Equinox Frontier Select Fund 158,971 80,072 106,901 29,893 Equinox Frontier Winton Fund 715,409 323,105 205,337 76,976 Equinox Frontier Heritage Fund 132,676 77,898 77,017 25,691 |
Fees Payable to Managing Owner | The following table summarizes fees payable to the Managing Owner as of March 31, 2016 and December 31, 2015. As of March 31, 2016 Incentive Fees Management Fees Interest Fees Service Fees Trading Fees Equinox Frontier Diversified Fund $ 921,036 $ 79,795 $ 14,303 $ 13,646 $ 129,791 Equinox Frontier Masters Fund 226,228 53,706 4,776 11,025 46,225 Equinox Frontier Long/Short Commodity Fund 134,601 45,998 2,074 7,293 16,266 Equinox Frontier Balanced Fund 935,617 79,116 95,730 145,684 58,302 Equinox Frontier Select Fund 23,986 24,288 3,022 29,885 8,811 Equinox Frontier Winton Fund 99,067 91,943 56,108 44,574 22,673 Equinox Frontier Heritage Fund 9,072 20,914 11,873 18,871 7,534 As of December 31, 2015 Incentive Fees Management Fees Interest Fees Service Fees Trading Fees Equinox Frontier Diversified Fund $ 204,914 $ 81,940 $ 11,661 $ 17,020 $ 121,065 Equinox Frontier Masters Fund 42,251 54,674 4,957 12,098 48,501 Equinox Frontier Long/Short Commodity Fund 28,408 48,210 1,368 6,841 17,129 Equinox Frontier Balanced Fund 106,563 80,574 77,642 145,576 57,450 Equinox Frontier Select Fund — 22,884 3,549 29,092 8,515 Equinox Frontier Winton Fund — 93,171 49,624 44,422 22,405 Equinox Frontier Heritage Fund — 21,490 11,066 18,807 7,457 |
Interest Paid by Each Series to Managing Owner | The following table outlines the interest paid by each Series to the Managing Owner and its ratio to average net assets for the three months ended March 31, 2016 and 2015: 2016 2015 2016 2015 Gross Amount Gross Amount Ratio to Ratio to Equinox Frontier Diversified Fund Class 1 $ 6,619 $ 13,441 0.06 % 0.07 % Equinox Frontier Diversified Fund Class 2 24,507 24,311 0.06 % 0.08 % Equinox Frontier Diversified Fund Class 3 7,171 4,562 0.06 % 0.13 % Equinox Frontier Masters Fund Class 1 5,171 8,161 0.06 % 0.07 % Equinox Frontier Masters Fund Class 2 4,978 6,281 0.06 % 0.08 % Equinox Frontier Masters Fund Class 3 4,194 3,349 0.06 % 0.11 % Equinox Frontier Long/Short Commodity Fund Class 2 444 895 0.04 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 3 2,568 5,174 0.04 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 1a 1,778 4,027 0.04 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 2a 575 1,188 0.04 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 3a 377 480 0.04 % 0.09 % Equinox Frontier Balanced Fund Class 1 189,608 206,350 0.29 % 0.33 % Equinox Frontier Balanced Fund Class 1AP 2,196 2,192 0.01 % 0.01 % Equinox Frontier Balanced Fund Class 2 69,764 69,007 0.29 % 0.34 % Equinox Frontier Balanced Fund Class 2a 337 322 0.06 % 0.06 % Equinox Frontier Balanced Fund Class 3a 1,497 1,475 0.06 % 0.07 % Equinox Frontier Select Fund Class 1 9,889 24,071 0.08 % 0.19 % Equinox Frontier Select Fund Class 1AP 41 85 0.00 % 0.00 % Equinox Frontier Select Fund Class 2 1,151 2,762 0.79 % 0.20 % Equinox Frontier Winton Fund Class 1 104,787 122,407 0.43 % 0.53 % Equinox Frontier Winton Fund Class 1AP 168 177 0.01 % 0.01 % Equinox Frontier Winton Fund Class 2 54,267 60,971 0.43 % 0.57 % Equinox Frontier Heritage Fund Class 1 25,473 30,992 0.28 % 0.37 % Equinox Frontier Heritage Fund Class 1AP 175 188 0.01 % 0.01 % Equinox Frontier Heritage Fund Class 2 8,547 10,169 0.28 % 0.38 % Total $ 526,283 $ 603,037 |
Equinox Frontier Funds [Member] | |
Interest Paid by Each Series to Managing Owner | The following table outlines the interest paid by each Series to the Managing Owner and its ratio to average net assets for the three months ended March 31, 2016 and 2015: 2016 2015 2016 2015 Gross Amount Gross Amount Ratio to Ratio to Equinox Frontier Diversified Fund Class 1 $ 6,619 $ 13,441 0.06 % 0.07 % Equinox Frontier Diversified Fund Class 2 24,507 24,311 0.06 % 0.08 % Equinox Frontier Diversified Fund Class 3 7,171 4,562 0.06 % 0.13 % Equinox Frontier Masters Fund Class 1 5,171 8,161 0.06 % 0.07 % Equinox Frontier Masters Fund Class 2 4,978 6,281 0.06 % 0.08 % Equinox Frontier Masters Fund Class 3 4,194 3,349 0.06 % 0.11 % Equinox Frontier Long/Short Commodity Fund Class 2 444 895 0.04 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 3 2,568 5,174 0.04 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 1a 1,778 4,027 0.04 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 2a 575 1,188 0.04 % 0.07 % Equinox Frontier Long/Short Commodity Fund Class 3a 377 480 0.04 % 0.09 % Equinox Frontier Balanced Fund Class 1 189,608 206,350 0.29 % 0.33 % Equinox Frontier Balanced Fund Class 1AP 2,196 2,192 0.01 % 0.01 % Equinox Frontier Balanced Fund Class 2 69,764 69,007 0.29 % 0.34 % Equinox Frontier Balanced Fund Class 2a 337 322 0.06 % 0.06 % Equinox Frontier Balanced Fund Class 3a 1,497 1,475 0.06 % 0.07 % Equinox Frontier Select Fund Class 1 9,889 24,071 0.08 % 0.19 % Equinox Frontier Select Fund Class 1AP 41 85 0.00 % 0.00 % Equinox Frontier Select Fund Class 2 1,151 2,762 0.79 % 0.20 % Equinox Frontier Winton Fund Class 1 104,787 122,407 0.43 % 0.53 % Equinox Frontier Winton Fund Class 1AP 168 177 0.01 % 0.01 % Equinox Frontier Winton Fund Class 2 54,267 60,971 0.43 % 0.57 % Equinox Frontier Heritage Fund Class 1 25,473 30,992 0.28 % 0.37 % Equinox Frontier Heritage Fund Class 1AP 175 188 0.01 % 0.01 % Equinox Frontier Heritage Fund Class 2 8,547 10,169 0.28 % 0.38 % Total $ 526,283 $ 603,037 |
Financial Highlights (Tables)
Financial Highlights (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
The Series of Equinox Frontier Funds [Member] | |
Financial Highlights of Trust | The following information presents the financial highlights of the Trust, with respect to the Series, for the three months ended March 31, 2016 and 2015 Equinox Frontier Diversified Fund Equinox Frontier Masters Fund Equinox Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 3 Class 1a Class 2a Class 3a Per unit operating performance (1) Net asset value, December 31, 2015 $ 115.52 $ 129.60 $ 119.87 $ 112.87 $ 126.60 $ 117.57 $ 132.10 $ 132.14 $ 94.76 $ 106.19 $ 106.86 Net operating results: Interest income 0.31 0.35 0.32 0.29 0.33 0.31 0.24 0.24 0.17 0.19 0.19 Expenses (3.92 ) (3.42 ) (3.17 ) (3.36 ) (3.03 ) (2.81 ) (3.34 ) (3.34 ) (2.89 ) (2.68 ) (2.70 ) Net gain/(loss) on investments, net of non-controlling interests 6.51 6.91 6.48 9.21 10.17 9.54 0.50 0.50 0.52 0.45 0.53 Net income/(loss) 2.91 3.84 3.63 6.14 7.47 7.02 (2.60 ) (2.61 ) (2.21 ) (2.03 ) (1.97 ) Net asset value, March 31, 2016 $ 118.43 $ 133.44 $ 123.50 $ 119.01 $ 134.07 $ 124.59 $ 129.50 $ 129.53 $ 92.55 $ 104.16 $ 104.89 Ratios to average net assets (3) Net investment income/(loss) -7.38 % -4.45 % -4.45 % -7.37 % -5.12 % -5.12 % -6.09 % -6.09 % -8.17 % -6.09 % -5.87 % Expenses before incentive fees (4) 6.88 % 3.95 % 3.95 % 7.39 % 5.14 % 5.14 % 5.77 % 5.77 % 7.85 % 5.77 % 5.48 % Expenses after incentive fees (4) 8.40 % 5.47 % 5.47 % 8.35 % 6.11 % 6.11 % 6.79 % 6.79 % 8.88 % 6.79 % 6.58 % Total return before incentive fees (2) 4.04 % 4.48 % 4.55 % 6.40 % 6.86 % 6.94 % -0.94 % -0.95 % -1.31 % -0.89 % -0.75 % Total return after incentive fees (2) 2.52 % 2.96 % 3.03 % 5.44 % 5.90 % 5.97 % -1.97 % -1.98 % -2.33 % -1.91 % -1.84 % Equinox Frontier Balanced Fund Equinox Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2015 $ 128.03 $ 133.59 $ 179.69 $ 154.88 $ 154.37 $ 90.35 $ 94.28 $ 125.11 Net operating results: Interest income 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 Expenses (2.94 ) (2.03 ) (2.74 ) (2.36 ) (2.35 ) (1.58 ) (0.89 ) (1.18 ) Net gain/(loss) on investments, net of non-controlling interests 7.08 7.40 9.96 8.96 8.93 10.63 11.11 14.75 Net income/(loss) 4.15 5.38 7.23 6.61 6.59 9.05 10.22 13.57 Net asset value, March 31, 2016 $ 132.18 $ 138.97 $ 186.92 $ 161.49 $ 160.96 $ 99.40 $ 104.50 $ 138.68 Ratios to average net assets (3) Net investment income/(loss) -5.74 % -2.74 % -2.74 % -2.74 % -2.74 % -5.95 % -2.95 % -2.95 % Expenses before incentive fees (4) 4.77 % 1.77 % 1.77 % 1.77 % 1.77 % 5.78 % 2.78 % 2.78 % Expenses after incentive fees (4) 5.77 % 2.78 % 2.78 % 2.78 % 2.78 % 5.95 % 2.95 % 2.95 % Total return before incentive fees (2) 4.25 % 5.04 % 5.03 % 5.28 % 5.28 % 10.19 % 11.01 % 11.02 % Total return after incentive fees (2) 3.24 % 4.03 % 4.02 % 4.27 % 4.27 % 10.02 % 10.84 % 10.85 % Equinox Frontier Winton Fund Equinox Frontier Heritage Fund Class 1 Class 1AP Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2015 $ 164.17 $ 171.31 $ 217.51 $ 124.27 $ 129.67 $ 173.54 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (3.37 ) (2.18 ) (2.77 ) (2.01 ) (1.07 ) (1.44 ) Net gain/(loss) on investments, net of non-controlling interests 8.38 8.73 11.08 8.50 8.87 11.87 Net income/(loss) 5.01 6.55 8.31 6.49 7.80 10.43 Net asset value, March 31, 2016 $ 169.18 $ 177.86 $ 225.82 $ 130.76 $ 137.47 $ 183.97 Ratios to average net assets (3) Net investment income/(loss) -7.04 % -4.04 % -4.04 % -5.90 % -2.90 % -2.90 % Expenses before incentive fees (4) 6.77 % 3.78 % 3.78 % 5.83 % 2.83 % 2.83 % Expenses after incentive fees (4) 7.04 % 4.05 % 4.05 % 5.90 % 2.90 % 2.90 % Total return before incentive fees (2) 3.32 % 4.09 % 4.09 % 5.30 % 6.09 % 6.08 % Total return after incentive fees (2) 3.05 % 3.82 % 3.82 % 5.22 % 6.02 % 6.01 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. Equinox Frontier Diversified Fund Equinox Frontier Masters Fund Equinox Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 3 Class 1a Class 2a Class 3a Per unit operating performance (1) Net asset value, December 31, 2014 $ 113.09 $ 124.67 $ 115.03 $ 116.61 $ 128.53 $ 119.06 $ 138.30 $ 138.34 $ 101.12 $ 111.35 $ 111.77 Net operating results: Interest income 0.34 0.37 0.34 0.34 0.37 0.34 0.40 0.40 0.29 0.33 0.33 Expenses (5.23 ) (4.95 ) (4.58 ) (4.79 ) (4.54 ) (4.21 ) (3.70 ) (3.71 ) (3.29 ) (2.98 ) (2.99 ) Net gain/(loss) on investments, net of non-controlling interests 23.46 25.67 23.78 16.22 17.76 16.54 31.20 31.03 22.58 24.79 24.98 Net income/(loss) 18.57 21.09 19.54 11.77 13.59 12.67 27.90 27.72 19.58 22.14 22.32 Net asset value, March 31, 2015 $ 131.66 $ 145.76 $ 134.57 $ 128.38 $ 142.12 $ 131.73 $ 166.20 $ 166.06 $ 120.70 $ 133.49 $ 134.09 Ratios to average net assets (3) Net investment income/(loss) -8.00 % -5.53 % -5.53 % -8.34 % -6.12 % -6.12 % -4.59 % -4.59 % -6.69 % -4.59 % -4.41 % Expenses before incentive fees (4) 6.48 % 4.01 % 4.01 % 7.40 % 5.17 % 5.17 % 4.32 % 4.32 % 6.42 % 4.32 % 4.09 % Expenses after incentive fees (4) 9.10 % 6.63 % 6.63 % 9.45 % 7.23 % 7.23 % 5.65 % 5.65 % 7.75 % 5.65 % 5.47 % Total return before incentive fees (2) 19.04 % 19.53 % 19.60 % 12.15 % 12.63 % 12.70 % 21.50 % 21.36 % 20.69 % 21.21 % 21.35 % Total return after incentive fees (2) 16.42 % 16.92 % 16.99 % 10.09 % 10.57 % 10.64 % 20.17 % 20.04 % 19.36 % 19.88 % 19.97 % Equinox Frontier Balanced Fund Equinox Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2014 $ 131.54 $ 133.20 $ 179.16 $ 153.02 $ 152.52 $ 95.61 $ 96.82 $ 128.48 Net operating results: Interest income 0.01 0.01 0.01 0.01 0.01 0.00 0.00 0.00 Expenses (3.68 ) (2.67 ) (3.59 ) (3.07 ) (3.06 ) (2.46 ) (1.73 ) (2.29 ) Net gain/(loss) on investments, net of non-controlling interests 20.93 21.26 28.59 24.80 24.72 13.01 13.22 17.54 Net income/(loss) 17.26 18.60 25.01 21.74 21.67 10.55 11.49 15.25 Net asset value, March 31, 2015 $ 148.80 $ 151.80 $ 204.17 $ 174.76 $ 174.19 $ 106.16 $ 108.31 $ 143.73 Ratios to average net assets (3) Net investment income/(loss) -6.17 % -3.14 % -3.14 % -3.14 % -3.14 % -6.75 % -3.75 % -3.75 % Expenses before incentive fees (4) 4.78 % 1.76 % 1.76 % 1.76 % 1.76 % 5.77 % 2.76 % 2.76 % Expenses after incentive fees (4) 6.19 % 3.17 % 3.17 % 3.17 % 3.17 % 6.75 % 3.75 % 3.75 % Total return before incentive fees (2) 14.54 % 15.38 % 15.38 % 15.62 % 15.62 % 12.02 % 12.85 % 12.85 % Total return after incentive fees (2) 13.12 % 13.96 % 13.96 % 14.21 % 14.21 % 11.03 % 11.87 % 11.87 % Equinox Frontier Winton Fund Equinox Frontier Heritage Fund Class 1 Class 1AP Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2014 $ 175.95 $ 178.18 $ 226.23 $ 130.28 $ 131.93 $ 176.56 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (6.31 ) (5.03 ) (6.38 ) (3.44 ) (2.43 ) (3.26 ) Net gain/(loss) on investments, net of non-controlling interests 22.26 22.62 28.71 21.03 21.36 28.59 Net income/(loss) 15.95 17.59 22.33 17.59 18.93 25.33 Net asset value, March 31, 2015 $ 191.90 $ 195.77 $ 248.56 $ 147.87 $ 150.86 $ 201.89 Ratios to average net assets (3) Net investment income/(loss) -8.63 % -5.63 % -5.63 % -7.00 % -3.99 % -3.99 % Expenses before incentive fees (4) 6.91 % 3.90 % 3.90 % 6.05 % 3.03 % 3.03 % Expenses after incentive fees (4) 8.63 % 5.63 % 5.63 % 7.00 % 3.99 % 3.99 % Total return before incentive fees (2) 10.79 % 11.59 % 11.59 % 14.46 % 15.31 % 15.30 % Total return after incentive fees (2) 9.07 % 9.87 % 9.87 % 13.50 % 14.35 % 14.35 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Annualized with the exception of incentive fees. (4) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. |
Equinox Frontier Funds [Member] | |
Financial Highlights of Trust | The following information presents the financial highlights of the Trust for the three months ended March 31, 2016 and 2015. This data has been derived from the information presented in the consolidated financial statements. 2016 2015 Ratios to average net assets (1) Net investment gain/(loss) (1) -5.50 % -6.18 % Expenses before incentive fees (3) 4.93 % 4.87 % Expenses after incentive fees (3) 5.90 % 6.61 % Total return before incentive fees (2) 4.62 % 14.05 % Total return after incentive fees (2) 3.65 % 12.31 % (1) Annualized with the exception of incentive fees. (2) Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Consolidated Statements of Operations of the Trust. See footnote 5. |
Derivative Instruments and He25
Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
The Series of Equinox Frontier Funds [Member] | |
Monthly Averages of Futures Contracts | The following tables summarize the monthly averages of futures contracts bought and sold for each respective Series of the Trust: For the Three Months Ended March 31, 2016 Monthly average contracts: Bought Sold Equinox Frontier Balanced Fund 1,094 1,089 Equinox Frontier Winton Fund 782 729 Equinox Frontier Select Fund 572 509 For the Three Months Ended March 31, 2015 Monthly average contracts: Bought Sold Equinox Frontier Balanced Fund 1,797 1,774 Equinox Frontier Diversified Fund 2,769 2,726 Equinox Frontier Select Fund 546 584 |
Realized Trading Revenue from Futures, Forwards and Options | The following tables summarize the trading revenues for the three months ended March 31, 2016 and 2015 by contract type: Realized Trading Revenue from Futures, Forwards and Options for the Year Ended March 31, 2016 Type of contract Equinox Frontier Select Fund Equinox Frontier Balanced Fund Equinox Frontier Winton Fund Metals $ (108,809 ) $ 30,120 $ (1,316,623 ) Currencies 28,131 (355,492 ) (89,124 ) Energies 1,057,284 299,529 894,793 Agriculturals (139,494 ) (44,749 ) 239,120 Interest rates 1,351,605 3,630,729 3,472,864 Stock indices (172,243 ) (1,942,579 ) (672,307 ) Realized trading income/(loss) (1) $ 2,016,474 $ 1,617,558 $ 2,528,723 Realized Trading Revenue from Futures, Forwards and Options for the Year Ended March 31, 2015 Type of contract Equinox Frontier Equinox Frontier Equinox Frontier Metals $ (545,578 ) $ (373,850 ) $ (480,274 ) Currencies 333,693 1,690,865 1,300,174 Energies 693,912 566,049 673,969 Agriculturals (27,708 ) 40,555 43,268 Interest rates 1,052,987 2,082,162 4,697,960 Stock indices 778,321 2,269,898 2,166,072 Realized trading income/(loss) (1) $ 2,285,627 $ 6,275,679 $ 8,401,169 (1) Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended March 31, 2016 Type of contract Equinox Frontier Equinox Frontier Equinox Frontier Metals $ (198,411 ) $ (32,743 ) $ (490,237 ) Currencies 146,018 (565,832 ) (162,275 ) Energies (639,356 ) 247,539 (125,218 ) Agriculturals 10,560 37,881 (188,079 ) Interest rates 475,301 281,778 1,226,766 Stock indices 201,538 13,737 (184,803 ) Change in unrealized trading income/ (1) $ (4,350 ) $ (17,640 ) $ 76,154 Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended March 31, 2015 Type of contract Equinox Frontier Equinox Frontier Equinox Frontier Metals $ 406,842 $ 84,744 $ 169,599 Currencies 72,173 (201,541 ) (702,482 ) Energies (660,346 ) (545,488 ) (310,222 ) Agriculturals 78,938 (104,841 ) 294,460 Interest rates (436,930 ) (247,430 ) (313,845 ) Stock indices (164,760 ) (351,259 ) 734,599 Change in unrealized trading income/(loss) (1) $ (704,083 ) $ (1,365,815 ) $ (127,891 ) (1) Amounts recorded in the Statements of Operations under Net change in open trade equity (deficit). |
Offsetting of Derivative Assets and Liabilities | The following tables present gross and net information about the Series’ assets and liabilities subject to master netting arrangements as disclosed on the statements of financial condition as of March 31, 2016 and December 31, 2015. As of March 31, 2016 Gross Amounts Gross Amounts offset Net Amounts Equinox Frontier Balanced Fund Open Trade Equity/(Deficit) $ 257,286 $ (263,396 ) $ (6,110 ) Swap Contracts 16,955,814 — 16,955,814 Equinox Frontier Diversified Fund Swap Contracts $ 7,445,618 $ — $ 7,445,618 Equinox Frontier Long/Short Commodity Fund Swap Contracts $ 4,256,848 $ — $ 4,256,848 Equinox Frontier Heritage Fund Swap Contracts $ 8,857,363 $ — $ 8,857,363 Equinox Frontier Select Fund Open Trade Equity/(Deficit) $ 499,695 $ (41,706 ) $ 457,989 Equinox Frontier Winton Fund Open Trade Equity/(Deficit) $ 675,733 $ — $ 675,733 As of December 31, 2015 Gross Amounts Gross Amounts Net Amounts Equinox Frontier Balanced Fund Open Trade Equity/(Deficit) $ 26,882 $ (15,352 ) $ 11,530 Swap Contracts 19,157,520 — 19,157,520 Equinox Frontier Diversified Fund Swap Contracts $ 8,685,849 $ — $ 8,685,849 Equinox Frontier Long/Short Commodity Fund Swap Contracts $ 4,332,428 $ — $ 4,332,428 Equinox Frontier Heritage Fund Swap Contracts $ 7,960,268 $ — $ 7,960,268 Equinox Frontier Select Fund Open Trade Equity/(Deficit) $ 495,020 $ (32,681 ) $ 462,339 Equinox Frontier Winton Fund Open Trade Equity/(Deficit) $ 768,118 $ (168,539 ) $ 599,579 |
Equinox Frontier Funds [Member] | |
Realized Trading Revenue from Futures, Forwards and Options | Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended March 31, 2016 (1) Type of contract Metals $ (5,431,149 ) Currencies (1,496,926 ) Energies 4,565,694 Agriculturals (984,627 ) Interest rates 12,614,651 Stock indices (1,212,327 ) Realized trading income/(loss) (1) $ 8,055,316 Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended March 31, 2016 (2) Type of contract Metals $ 2,474,844 Currencies (2,141,826 ) Energies 2,011,847 Agriculturals 564,823 Interest rates 1,745,123 Stock indices (500,530 ) Change in unrealized trading income/(loss) (2) $ 4,154,281 (1) In the Consolidated Statement of Operations under net realized gain/(loss) on futures, forwards and options (2) In the Consolidated Statement of Operations under net change in open trade equity (deficit), at fair value. Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended March 31, 2015 (1) Type of contract Metals $ (1,858,800 ) Currencies 10,129,391 Energies 11,552,937 Agriculturals (148,685 ) Interest rates 9,920,908 Stock indices 10,391,914 Realized trading income/(loss) (1) $ 39,987,665 Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended March 31, 2015 (2) Type of contract Metals $ 104,184 Currencies (2,328,313 ) Energies (7,926,646 ) Agriculturals 187,764 Interest rates (190,205 ) Stock indices (148,225 ) Change in unrealized trading income/(loss) (2) $ (10,301,441 ) (1) In the Consolidated Statement of Operations under net realized gain/(loss) on futures, forwards and options (2) In the Consolidated Statement of Operations under net change in open trade equity (deficit), at fair value. |
Offsetting of Derivative Assets and Liabilities | The following tables present gross and net information about the Trust’s assets and liabilities subject the master netting arrangements as disclosed on the consolidated statements of financial condition as of March 31, 2016 and December 31, 2016: Offsetting of Derivative Assets and Liabilities As of March 31, 2016 Gross Amounts of Gross Amounts offset Net Amounts Open Trade Equity/(Deficit) $ 2,141,256 $ (2,206,127 ) $ (64,871 ) Options Purchased 216,150 — 216,150 Options Written — (205,350 ) (205,350 ) Swap Contracts 37,515,643 — 37,515,643 Offsetting of Derivative Assets and Liabilities As of December 31, 2015 Gross Amounts of Gross Amounts offset Net Amounts Open Trade Equity/(Deficit) $ 2,101,541 $ (6,450,411 ) $ (4,348,870 ) Options Purchased 526,288 — 526,288 Options Written — (165,760 ) (165,760 ) Swap Contracts 40,136,065 — 40,136,065 |
Organization and Purpose - Addi
Organization and Purpose - Additional Information (Detail) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended |
Jan. 31, 2015 | Mar. 31, 2016 | Dec. 31, 2015 | |
The Series of Equinox Frontier Funds [Member] | |||
Organization [Line Items] | |||
Managing owner contributions to the series of the trust | 1.00% | ||
The Series of Equinox Frontier Funds [Member] | Emil Van Essen Trading [Member] | |||
Organization [Line Items] | |||
Payment made by managing owner | $ 1,211,610 | ||
The Series of Equinox Frontier Funds [Member] | Class 1, Class 1AP or Class 1a [Member] | |||
Organization [Line Items] | |||
Percentage of NAV charged as a service fees | 3.00% | ||
The Series of Equinox Frontier Funds [Member] | Class 1 or Class 1a [Member] | |||
Organization [Line Items] | |||
Percentage of NAV charged as a service fees | 3.00% | ||
Amortized monthly annual rate | 3.00% | ||
Redemption fee | 3.00% | ||
The Series of Equinox Frontier Funds [Member] | Class 2 or Class 2a [Member] | |||
Organization [Line Items] | |||
Service fee | 0.50% | ||
Service fee charged to limited owners | 0.25% | ||
The Series of Equinox Frontier Funds [Member] | Minimum [Member] | |||
Organization [Line Items] | |||
Assets normally invested in one or more trading companies | 10.00% | ||
The Series of Equinox Frontier Funds [Member] | Maximum [Member] | |||
Organization [Line Items] | |||
Assets normally invested in one or more trading companies | 30.00% | ||
Equinox Frontier Funds [Member] | |||
Organization [Line Items] | |||
Managing owner contributions to the series of the trust | 1.00% | ||
Equinox Frontier Funds [Member] | Class 1, Class 1AP or Class 1a [Member] | |||
Organization [Line Items] | |||
Redemption fee | 3.00% | ||
Equinox Frontier Funds [Member] | Class 1 or Class 1a [Member] | |||
Organization [Line Items] | |||
Percentage of NAV charged as a service fees | 3.00% | ||
Amortized monthly annual rate | 3.00% | ||
Redemption fee | 3.00% | ||
Equinox Frontier Funds [Member] | Class 2 or Class 2a [Member] | |||
Organization [Line Items] | |||
Service fee | 0.50% | ||
Service fee charged to limited owners | 0.25% | ||
Equinox Frontier Funds [Member] | Minimum [Member] | |||
Organization [Line Items] | |||
Assets normally invested in one or more trading companies | 10.00% | ||
Equinox Frontier Funds [Member] | Maximum [Member] | |||
Organization [Line Items] | |||
Assets normally invested in one or more trading companies | 30.00% | ||
Equinox Frontier Winton Fund [Member] | |||
Organization [Line Items] | |||
Percentage of invested assets manages by trading company | 100.00% |
Significant Accounting Polici27
Significant Accounting Policies - Additional Information (Detail) | 3 Months Ended |
Mar. 31, 2016 | |
The Series of Equinox Frontier Funds [Member] | Class 1 or Class 1a [Member] | |
Significant Accounting Policies [Line Items] | |
Percentage of NAV charged as a service fees | 3.00% |
Amortized monthly annual rate | 3.00% |
Redemption fee | 3.00% |
The Series of Equinox Frontier Funds [Member] | Class 2 or Class 2a [Member] | |
Significant Accounting Policies [Line Items] | |
Service fee | 0.50% |
The Series of Equinox Frontier Funds [Member] | Class 2 [Member] | |
Significant Accounting Policies [Line Items] | |
Service fee | 0.25% |
The Series of Equinox Frontier Funds [Member] | Minimum [Member] | |
Significant Accounting Policies [Line Items] | |
Gross income of the Trust constitutes qualifying income | 90.00% |
Equinox Frontier Funds [Member] | |
Significant Accounting Policies [Line Items] | |
Interest allocated to each Series is paid to the Managing Owner | 20.00% |
Equinox Frontier Funds [Member] | Class 1 or Class 1a [Member] | |
Significant Accounting Policies [Line Items] | |
Percentage of NAV charged as a service fees | 3.00% |
Amortized monthly annual rate | 3.00% |
Redemption fee | 3.00% |
Equinox Frontier Funds [Member] | Class 2 or Class 2a [Member] | |
Significant Accounting Policies [Line Items] | |
Service fee | 0.50% |
Equinox Frontier Funds [Member] | Class 2 [Member] | |
Significant Accounting Policies [Line Items] | |
Service fee | 0.25% |
Equinox Frontier Funds [Member] | Minimum [Member] | |
Significant Accounting Policies [Line Items] | |
Gross income of the Trust constitutes qualifying income | 90.00% |
Equinox Frontier Balanced Fund [Member] | Class 1a, Class 2a and Class 3a [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Equinox Frontier Balanced Fund [Member] | Maximum [Member] | Class, Class 1AP and Class 2 [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% |
Equinox Frontier Select Fund [Member] | Maximum [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% |
Equinox Frontier Winton Fund [Member] | Maximum [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% |
Equinox Frontier Heritage Fund [Member] | Maximum [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% |
Equinox Frontier Diversified Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Equinox Frontier Diversified Fund [Member] | Maximum [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Equinox Frontier Long/Short Commodity Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Equinox Frontier Long/Short Commodity Fund [Member] | Maximum [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Equinox Frontier Masters Fund [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Equinox Frontier Masters Fund [Member] | Maximum [Member] | |
Significant Accounting Policies [Line Items] | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% |
Fair Value Measurements - Finan
Fair Value Measurements - Financial Asset Portfolio, by Series, Measured at Fair Value on Recurring Basis (Detail) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Swap Contracts | $ 37,515,643 | $ 40,136,065 | |
U.S. Treasury Securities | 137,324,374 | 117,478,438 | |
Purchased Options | 216,150 | 526,288 | |
Equinox Frontier Diversified Fund [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Swap Contracts | 7,445,618 | 8,685,849 | |
U.S. Treasury Securities | 38,197,594 | 27,604,916 | |
Options Written | 0 | 0 | |
Equinox Frontier Diversified Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 15,075,020 | 16,094,207 | |
Swap Contracts | 7,445,618 | 8,685,849 | |
U.S. Treasury Securities | 38,197,594 | 27,604,916 | |
Equinox Frontier Masters Fund [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
U.S. Treasury Securities | 11,278,168 | 11,953,206 | |
Options Written | 0 | 0 | |
Equinox Frontier Masters Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 10,817,048 | 9,409,930 | |
U.S. Treasury Securities | 11,278,168 | 11,953,206 | |
Equinox Frontier Long/Short Commodity Fund [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Swap Contracts | 4,256,848 | 4,332,428 | |
U.S. Treasury Securities | 4,451,169 | 4,792,817 | |
Options Written | 0 | 0 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 3,562,619 | 3,414,663 | |
Swap Contracts | 4,256,848 | 4,332,428 | |
U.S. Treasury Securities | 4,451,169 | 4,792,817 | |
Equinox Frontier Balanced Fund [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Swap Contracts | 16,955,814 | 19,157,520 | |
U.S. Treasury Securities | 50,546,326 | 41,148,676 | |
Options Written | 0 | 0 | |
Equinox Frontier Balanced Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 17,593,813 | 17,623,968 | |
Open Trade Equity (Deficit) | (6,110) | 11,530 | |
Swap Contracts | 16,955,814 | 19,157,520 | |
U.S. Treasury Securities | 50,546,326 | 41,148,676 | |
Equinox Frontier Select Fund [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
U.S. Treasury Securities | 1,351,993 | 1,852,429 | |
Options Written | 0 | 0 | |
Equinox Frontier Select Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 4,558,600 | 4,147,840 | |
Open Trade Equity (Deficit) | 457,989 | 462,339 | |
U.S. Treasury Securities | 1,351,993 | 1,852,429 | |
Equinox Frontier Winton Fund [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
U.S. Treasury Securities | 25,981,216 | 24,617,817 | |
Equinox Frontier Winton Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 431,600 | 297,554 | |
Open Trade Equity (Deficit) | 675,733 | 599,579 | |
U.S. Treasury Securities | 25,981,216 | 24,617,817 | |
Equinox Frontier Heritage Fund [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Swap Contracts | 8,857,363 | 7,960,268 | |
U.S. Treasury Securities | 5,517,908 | 5,508,577 | |
Equinox Frontier Heritage Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 1,862,027 | 1,405,586 | |
Swap Contracts | 8,857,363 | 7,960,268 | |
U.S. Treasury Securities | 5,517,908 | 5,508,577 | |
Equinox Frontier Funds [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Swap Contracts | 22,869,499 | 22,873,000 | |
Equinox Frontier Funds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Open Trade Equity (Deficit) | (64,871) | $ (4,348,872) | |
Swap Contracts | 37,515,643 | 40,136,065 | |
U.S. Treasury Securities | 137,324,374 | 117,478,438 | |
Purchased Options | 216,150 | 526,288 | |
Options Written | (205,350) | (165,760) | |
Level 1 Inputs [Member] | Equinox Frontier Diversified Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 15,049,590 | 15,844,097 | |
U.S. Treasury Securities | 38,197,594 | 27,604,916 | |
Level 1 Inputs [Member] | Equinox Frontier Masters Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 10,784,090 | 9,383,235 | |
U.S. Treasury Securities | 11,278,168 | 11,953,206 | |
Level 1 Inputs [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 3,574,740 | 3,355,174 | |
U.S. Treasury Securities | 4,451,169 | 4,792,817 | |
Level 1 Inputs [Member] | Equinox Frontier Balanced Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 17,541,006 | 17,357,475 | |
Open Trade Equity (Deficit) | (6,110) | 11,530 | |
U.S. Treasury Securities | 50,546,326 | 41,148,676 | |
Level 1 Inputs [Member] | Equinox Frontier Select Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 264,221 | 213,921 | |
Open Trade Equity (Deficit) | 457,989 | 462,339 | |
U.S. Treasury Securities | 1,351,993 | 1,852,429 | |
Level 1 Inputs [Member] | Equinox Frontier Winton Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 431,600 | 297,554 | |
Open Trade Equity (Deficit) | 675,733 | 599,579 | |
U.S. Treasury Securities | 25,981,216 | 24,617,817 | |
Level 1 Inputs [Member] | Equinox Frontier Heritage Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 1,785,699 | 1,403,461 | |
U.S. Treasury Securities | 5,517,908 | 5,508,577 | |
Level 1 Inputs [Member] | Equinox Frontier Funds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Open Trade Equity (Deficit) | (186,693) | (4,424,290) | |
U.S. Treasury Securities | 137,324,374 | 117,478,438 | |
Level 2 Inputs [Member] | Equinox Frontier Diversified Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 25,430 | 250,110 | |
Level 2 Inputs [Member] | Equinox Frontier Masters Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 32,958 | 26,695 | |
Level 2 Inputs [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 12,121 | 59,489 | |
Level 2 Inputs [Member] | Equinox Frontier Balanced Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 52,807 | 266,493 | |
Level 2 Inputs [Member] | Equinox Frontier Heritage Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 76,328 | 2,125 | |
Level 2 Inputs [Member] | Equinox Frontier Funds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Open Trade Equity (Deficit) | 121,822 | 75,418 | |
Purchased Options | 216,150 | 526,288 | |
Options Written | (205,350) | (165,760) | |
Level 3 Inputs [Member] | Equinox Frontier Diversified Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Swap Contracts | 7,445,618 | 8,685,849 | |
Level 3 Inputs [Member] | Equinox Frontier Long/Short Commodity Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Swap Contracts | 4,256,848 | 4,332,428 | |
Level 3 Inputs [Member] | Equinox Frontier Balanced Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Swap Contracts | 16,955,814 | 19,157,520 | |
Level 3 Inputs [Member] | Equinox Frontier Select Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Investment in Unconsolidated Trading Companies | 4,294,379 | 3,933,919 | |
Level 3 Inputs [Member] | Equinox Frontier Heritage Fund [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Swap Contracts | 8,857,363 | $ 7,960,268 | |
Level 3 Inputs [Member] | Equinox Frontier Funds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Swap Contracts | $ 37,515,643 | $ 40,136,065 |
Fair Value Measurements - Chang
Fair Value Measurements - Change in Level 3 Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Equinox Frontier Diversified Fund [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Change in fair value of investments in unconsolidated trading companies | $ (2,992,776) | $ (3,472,709) | |
Equinox Frontier Diversified Fund [Member] | Level 3 Inputs [Member] | Swap [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Balance of recurring Level 3 assets | 8,685,849 | 6,570,408 | $ 6,570,408 |
Included in earnings-realized | 0 | 0 | |
Included in earnings-unrealized | (1,240,231) | 2,115,441 | |
Proceeds from sales of investments of unconsolidated trading companies | 0 | 0 | |
Change in ownership allocation of total return swaps | 0 | 0 | |
Transfers in and/or out of Level 3 | 0 | 0 | |
Balance of recurring Level 3 assets | 7,445,618 | 8,685,849 | |
Equinox Frontier Long/Short Commodity Fund [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Change in fair value of investments in unconsolidated trading companies | 41,329 | (1,934,525) | |
Equinox Frontier Long/Short Commodity Fund [Member] | Level 3 Inputs [Member] | Swap [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Balance of recurring Level 3 assets | 4,332,428 | 3,633,060 | 3,633,060 |
Included in earnings-realized | 0 | 0 | |
Included in earnings-unrealized | (75,580) | (300,632) | |
Purchases of investments | 1,000,000 | ||
Proceeds from sales of investments of unconsolidated trading companies | 0 | 0 | |
Change in ownership allocation of total return swaps | 0 | 0 | |
Transfers in and/or out of Level 3 | 0 | 0 | |
Balance of recurring Level 3 assets | 4,256,848 | 4,332,428 | |
Equinox Frontier Balanced Fund [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Change in fair value of investments in unconsolidated trading companies | (4,033,474) | (5,522,449) | |
Change in ownership allocation of total return swaps | 0 | 0 | |
Equinox Frontier Balanced Fund [Member] | Level 3 Inputs [Member] | Swap [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Balance of recurring Level 3 assets | 19,157,520 | 18,246,954 | 18,246,954 |
Included in earnings-realized | 0 | 0 | |
Included in earnings-unrealized | (2,201,706) | 910,566 | |
Proceeds from sales of investments of unconsolidated trading companies | 0 | 0 | |
Change in ownership allocation of total return swaps | 0 | 0 | |
Transfers in and/or out of Level 3 | 0 | 0 | |
Balance of recurring Level 3 assets | 16,955,814 | 19,157,520 | |
Equinox Frontier Heritage Fund [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Change in fair value of investments in unconsolidated trading companies | (109,317) | (861,401) | |
Change in ownership allocation of total return swaps | 0 | 0 | |
Equinox Frontier Heritage Fund [Member] | Level 3 Inputs [Member] | Swap [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Balance of recurring Level 3 assets | 7,960,268 | 7,540,465 | 7,540,465 |
Included in earnings-realized | 0 | 0 | |
Included in earnings-unrealized | 897,095 | 419,803 | |
Proceeds from sales of investments of unconsolidated trading companies | 0 | 0 | |
Change in ownership allocation of total return swaps | 0 | 0 | |
Transfers in and/or out of Level 3 | 0 | 0 | |
Balance of recurring Level 3 assets | 8,857,363 | 7,960,268 | |
Equinox Frontier Select Fund [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Change in fair value of investments in unconsolidated trading companies | (403,454) | (1,032,449) | |
Change in ownership allocation of total return swaps | 0 | 0 | |
Equinox Frontier Select Fund [Member] | Level 3 Inputs [Member] | Unconsolidated Trading Company [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Balance of recurring Level 3 assets | 3,933,919 | 3,539,498 | 3,539,498 |
Change in fair value of investments in unconsolidated trading companies | 360,460 | 394,421 | |
Proceeds from sales of investments of unconsolidated trading companies | 0 | 0 | |
Change in ownership allocation | 0 | 0 | |
Transfers in and/or out of Level 3 | 0 | 0 | |
Balance of recurring Level 3 assets | 4,294,379 | 3,933,919 | |
Equinox Frontier Funds [Member] | Level 3 Inputs [Member] | Swap [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Balance of recurring Level 3 assets | 40,136,065 | $ 35,990,887 | 35,990,887 |
Included in earnings-realized | 0 | 0 | |
Included in earnings-unrealized | (2,620,422) | 3,145,178 | |
Purchases of investments | 1,000,000 | ||
Proceeds from sales of investments of unconsolidated trading companies | 0 | 0 | |
Transfers in and/or out of Level 3 | 0 | 0 | |
Balance of recurring Level 3 assets | $ 37,515,643 | $ 40,136,065 |
Fair Value Measurements - Cha30
Fair Value Measurements - Change in Unrealized Appreciation (Depreciation) Included in Statements of Operations Attributable to Level 3 Investments (Detail) (Level 3 Inputs [Member], Swap [Member], USD $), member order (Detail) - Level 3 Inputs [Member] - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2016 | Dec. 31, 2015 | |
Equinox Frontier Diversified Fund [Member] | Swap [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Balance of recurring Level 3 assets Included in earnings-unrealized | $ (1,240,231) | $ 2,115,441 |
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Balance of recurring Level 3 assets Included in earnings-unrealized | (75,579) | (300,633) |
Equinox Frontier Balanced Fund [Member] | Swap [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Balance of recurring Level 3 assets Included in earnings-unrealized | (2,201,706) | 910,566 |
Equinox Frontier Heritage Fund [Member] | Swap [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Balance of recurring Level 3 assets Included in earnings-unrealized | 897,095 | 419,803 |
Equinox Frontier Funds [Member] | Swap [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Balance of recurring Level 3 assets Included in earnings-unrealized | (2,620,422) | 3,145,177 |
Equinox Frontier Select Fund [Member] | Investments [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Balance of recurring Level 3 assets Included in earnings-unrealized | $ 360,460 | $ 419,803 |
Swaps - Additional Information
Swaps - Additional Information (Detail) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Derivatives, Fair Value [Line Items] | |||
Swap contracts, fair value | $ 37,515,643 | $ 40,136,065 | |
The Series of Equinox Frontier Funds [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Trust's assets deposited with over-the-counter counterparties | 9.20% | 9.30% | |
Equinox Frontier Funds [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Trust's assets deposited with over-the-counter counterparties | 9.20% | 9.30% | |
Swap contracts, fair value | $ 22,869,499 | $ 22,873,000 |
Swaps - Trust, with Respect to
Swaps - Trust, with Respect to Series, has Invested in Following Swaps (Detail) - Swap [Member] - DeutscheBank AG [Member] - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2016 | Dec. 31, 2015 | |
Equinox Frontier Balanced Fund [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 22,580,043 | $ 22,580,043 |
Termination Date | Aug. 2, 2018 | Aug. 2, 2018 |
Cash Collateral | $ 9,600,000 | $ 9,600,000 |
Swap Value | $ 7,355,814 | 9,557,520 |
Investee Returns | Total Returns | |
Realized Gain/(Loss) | $ 0 | 0 |
Change in Unrealized Gain/(Loss) | (2,201,706) | 910,566 |
Fair Value | 16,955,814 | 19,157,520 |
Equinox Frontier Diversified Fund [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 13,851,707 | $ 13,851,707 |
Termination Date | Aug. 2, 2018 | Aug. 2, 2018 |
Cash Collateral | $ 3,400,000 | $ 3,400,000 |
Swap Value | $ 4,045,618 | 5,285,849 |
Investee Returns | Total Returns | |
Realized Gain/(Loss) | $ 0 | 0 |
Change in Unrealized Gain/(Loss) | (1,240,231) | 2,115,441 |
Fair Value | 7,445,618 | 8,685,849 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 1,877,692 | $ 1,877,692 |
Termination Date | Aug. 7, 2018 | Aug. 7, 2018 |
Cash Collateral | $ 3,880,000 | $ 3,880,000 |
Swap Value | $ 376,848 | 452,428 |
Investee Returns | Total Returns | |
Realized Gain/(Loss) | $ 0 | 0 |
Change in Unrealized Gain/(Loss) | (75,579) | (300,633) |
Fair Value | 4,256,848 | 4,332,428 |
Equinox Frontier Heritage Fund [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 11,413,283 | $ 12,663,283 |
Termination Date | Mar. 26, 2018 | Mar. 26, 2018 |
Cash Collateral | $ 5,989,499 | $ 5,993,000 |
Swap Value | $ 2,867,864 | 1,967,289 |
Investee Returns | Total Returns | |
Realized Gain/(Loss) | $ 0 | 0 |
Change in Unrealized Gain/(Loss) | 897,095 | 419,803 |
Fair Value | 8,857,363 | 7,960,268 |
Frontier Brevan Howard swap (U.S.) [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 11,413,283 | $ 12,663,283 |
Termination Date | Mar. 26, 2018 | Mar. 26, 2018 |
Cash Collateral | $ 5,989,499 | $ 5,993,000 |
Swap Value | $ 2,867,864 | 1,967,269 |
Investee Returns | Total Returns | |
Realized Gain/(Loss) | $ 0 | 0 |
Change in Unrealized Gain/(Loss) | 897,095 | 419,803 |
Fair Value | 8,857,363 | 7,960,269 |
Frontier XXXIV Balanced select swap (U.S.) [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 22,580,043 | $ 22,580,043 |
Termination Date | Aug. 2, 2018 | Aug. 2, 2018 |
Cash Collateral | $ 9,600,000 | $ 9,600,000 |
Swap Value | $ 7,355,814 | 9,557,519 |
Investee Returns | Total Returns | |
Realized Gain/(Loss) | $ 0 | 0 |
Change in Unrealized Gain/(Loss) | (2,201,706) | 910,566 |
Fair Value | 16,955,814 | 19,157,519 |
Frontier XXXV Diversified select swap (U.S.) [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 13,851,707 | $ 13,851,707 |
Termination Date | Aug. 2, 2018 | Aug. 2, 2018 |
Cash Collateral | $ 3,400,000 | $ 3,400,000 |
Swap Value | $ 4,045,618 | 5,285,749 |
Investee Returns | Total Returns | |
Realized Gain/(Loss) | $ 0 | 0 |
Change in Unrealized Gain/(Loss) | (1,240,231) | 2,115,441 |
Fair Value | 7,445,618 | 8,685,749 |
Frontier XXXVII L/S select swap (U.S.) [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Notional Amount | $ 1,877,692 | $ 1,877,592 |
Termination Date | Aug. 7, 2018 | Aug. 7, 2018 |
Cash Collateral | $ 3,880,000 | $ 3,880,000 |
Swap Value | $ 376,848 | 452,428 |
Investee Returns | Total Returns | |
Realized Gain/(Loss) | $ 0 | 0 |
Change in Unrealized Gain/(Loss) | (75,579) | (300,633) |
Fair Value | $ 4,256,848 | $ 40,136,065 |
Investments in Unconsolidated33
Investments in Unconsolidated Trading Companies - Investments in Unconsolidated Trading Companies (Detail) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Equinox Frontier Diversified Fund [Member] | ||
Investment [Line Items] | ||
Investments in unconsolidated trading companies, at fair value | $ 15,075,020 | $ 16,094,207 |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Companies I, II, VII, XXIII and XXXVIII [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 25.02% | 28.89% |
Investments in unconsolidated trading companies, at fair value | $ 15,075,020 | $ 16,094,207 |
Equinox Frontier Masters Fund [Member] | ||
Investment [Line Items] | ||
Investments in unconsolidated trading companies, at fair value | $ 10,817,048 | $ 9,409,930 |
Equinox Frontier Masters Fund [Member] | Frontier Trading Companies I, II, VII, XV, and XXXVIII [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 49.51% | 41.22% |
Investments in unconsolidated trading companies, at fair value | $ 10,817,048 | $ 9,409,930 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Investment [Line Items] | ||
Investments in unconsolidated trading companies, at fair value | $ 3,562,619 | $ 3,414,663 |
Equinox Frontier Long/Short Commodity Fund [Member] | Frontier Trading Company I, VII and XXXVIII [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 29.34% | 26.08% |
Investments in unconsolidated trading companies, at fair value | $ 3,562,619 | $ 3,414,663 |
Equinox Frontier Balanced Fund [Member] | ||
Investment [Line Items] | ||
Investments in unconsolidated trading companies, at fair value | $ 17,593,813 | $ 17,623,968 |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Companies I, II, VII, XV, and XXXVIII [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 19.12% | 19.56% |
Investments in unconsolidated trading companies, at fair value | $ 17,593,813 | $ 17,623,968 |
Equinox Frontier Select Fund [Member] | ||
Investment [Line Items] | ||
Investments in unconsolidated trading companies, at fair value | $ 4,558,600 | $ 4,147,840 |
Equinox Frontier Select Fund [Member] | Frontier Trading Companies XXXVIII and XXXIX [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 20.65% | 20.83% |
Investments in unconsolidated trading companies, at fair value | $ 4,558,600 | $ 4,147,840 |
Equinox Frontier Winton Fund [Member] | ||
Investment [Line Items] | ||
Investments in unconsolidated trading companies, at fair value | $ 431,600 | $ 297,554 |
Equinox Frontier Winton Fund [Member] | Frontier Trading Company XXXVIII [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 0.97% | 0.72% |
Investments in unconsolidated trading companies, at fair value | $ 461,600 | $ 297,554 |
Equinox Frontier Heritage Fund [Member] | ||
Investment [Line Items] | ||
Investments in unconsolidated trading companies, at fair value | $ 1,862,027 | $ 1,405,586 |
Equinox Frontier Heritage Fund [Member] | Frontier Trading Company II and XXXVIII [Member] | ||
Investment [Line Items] | ||
Percentage of Series Net Assets Invested in Unconsolidated Trading Companies | 11.47% | 9.08% |
Investments in unconsolidated trading companies, at fair value | $ 1,862,027 | $ 1,405,586 |
Investments in Unconsolidated34
Investments in Unconsolidated Trading Companies - Equity in Earnings from Unconsolidated Trading Companies (Detail) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Frontier Trading Company I LLC [Member] | ||
Investment [Line Items] | ||
Net Income (Loss) | $ (3,887,756) | |
Frontier Trading Company II LLC [Member] | ||
Investment [Line Items] | ||
Net Income (Loss) | $ (8,026,700) | |
Frontier Trading Company VII, LLC [Member] | ||
Investment [Line Items] | ||
Net Income (Loss) | (4,501,110) | (4,998,003) |
Frontier Trading Company XXXVIII, LLC [Member] | ||
Investment [Line Items] | ||
Net Income (Loss) | 2,855,804 | (2,756,564) |
Equinox Frontier Diversified Fund [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (199,985) | (113,254) |
Realized Gain/(Loss) | 1,725,410 | 5,189,477 |
Change in Unrealized Gain/(Loss) | 1,467,351 | (1,603,514) |
Net Income (Loss) | 2,992,776 | 3,472,709 |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company I LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (137,214) | |
Realized Gain/(Loss) | 2,545,837 | |
Change in Unrealized Gain/(Loss) | (725,957) | |
Net Income (Loss) | 1,682,666 | |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company II LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (2,862) | (4,083) |
Realized Gain/(Loss) | 327,231 | 1,333,292 |
Change in Unrealized Gain/(Loss) | 21,313 | (127,311) |
Net Income (Loss) | 345,682 | 1,201,898 |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company VII, LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (35,220) | (82,381) |
Realized Gain/(Loss) | (648,724) | 2,108,509 |
Change in Unrealized Gain/(Loss) | 2,235,332 | (1,223,126) |
Net Income (Loss) | 1,551,388 | 803,002 |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company XXIII, LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (17,627) | (19,782) |
Realized Gain/(Loss) | 67,978 | 872,609 |
Change in Unrealized Gain/(Loss) | 58,004 | (26,219) |
Net Income (Loss) | 108,355 | 826,608 |
Equinox Frontier Diversified Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (7,062) | (7,008) |
Realized Gain/(Loss) | (566,912) | 875,067 |
Change in Unrealized Gain/(Loss) | (121,341) | (226,858) |
Net Income (Loss) | (695,315) | 641,201 |
Equinox Frontier Masters Fund [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (43,506) | (59,173) |
Realized Gain/(Loss) | 489,113 | 6,849,450 |
Change in Unrealized Gain/(Loss) | 920,638 | (3,694,518) |
Net Income (Loss) | 1,366,245 | 3,095,759 |
Equinox Frontier Masters Fund [Member] | Frontier Trading Company I LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (5,098) | (3,974) |
Realized Gain/(Loss) | (36,859) | 1,259,037 |
Change in Unrealized Gain/(Loss) | (351,921) | (138,423) |
Net Income (Loss) | (393,878) | 1,116,640 |
Equinox Frontier Masters Fund [Member] | Frontier Trading Company II LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (1,709) | (2,329) |
Realized Gain/(Loss) | 196,149 | 752,839 |
Change in Unrealized Gain/(Loss) | 23,001 | (71,107) |
Net Income (Loss) | 217,441 | 679,403 |
Equinox Frontier Masters Fund [Member] | Frontier Trading Company VII, LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (20,788) | (35,943) |
Realized Gain/(Loss) | (362,846) | 3,411,269 |
Change in Unrealized Gain/(Loss) | 1,291,104 | (3,011,878) |
Net Income (Loss) | 907,470 | 363,448 |
Equinox Frontier Masters Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (2,512) | (2,805) |
Realized Gain/(Loss) | (241,160) | 298,322 |
Change in Unrealized Gain/(Loss) | (40,059) | (43,190) |
Net Income (Loss) | (283,731) | 252,327 |
Equinox Frontier Masters Fund [Member] | Frontier Trading Company XV, LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (13,399) | (14,122) |
Realized Gain/(Loss) | 933,829 | 1,127,983 |
Change in Unrealized Gain/(Loss) | (1,487) | (429,920) |
Net Income (Loss) | 918,943 | 683,941 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (25,387) | (86,736) |
Realized Gain/(Loss) | (386,650) | 3,013,704 |
Change in Unrealized Gain/(Loss) | 370,708 | (992,443) |
Net Income (Loss) | (41,329) | 1,934,525 |
Equinox Frontier Long/Short Commodity Fund [Member] | Frontier Trading Company I LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (2,398) | |
Realized Gain/(Loss) | (16,177) | |
Change in Unrealized Gain/(Loss) | (157,698) | |
Net Income (Loss) | (176,273) | |
Equinox Frontier Long/Short Commodity Fund [Member] | Frontier Trading Company VII, LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (21,945) | (84,768) |
Realized Gain/(Loss) | (275,777) | 2,757,328 |
Change in Unrealized Gain/(Loss) | 543,257 | (928,844) |
Net Income (Loss) | 245,535 | 1,743,716 |
Equinox Frontier Long/Short Commodity Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (1,044) | (1,968) |
Realized Gain/(Loss) | (94,696) | 256,376 |
Change in Unrealized Gain/(Loss) | (14,851) | (63,599) |
Net Income (Loss) | (110,591) | 190,809 |
Equinox Frontier Balanced Fund [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (213,120) | (196,703) |
Realized Gain/(Loss) | 2,693,865 | 7,548,926 |
Change in Unrealized Gain/(Loss) | 1,552,729 | (1,829,774) |
Net Income (Loss) | 4,033,474 | 5,522,449 |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company I LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (157,072) | (89,859) |
Realized Gain/(Loss) | 3,776,064 | 2,048,945 |
Change in Unrealized Gain/(Loss) | (839,943) | 237,670 |
Net Income (Loss) | 2,779,049 | 2,196,756 |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company II LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (3,834) | (5,197) |
Realized Gain/(Loss) | 437,433 | 1,686,860 |
Change in Unrealized Gain/(Loss) | 4,959 | (159,819) |
Net Income (Loss) | 438,558 | 1,521,844 |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company VII, LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (42,259) | (92,052) |
Realized Gain/(Loss) | (709,503) | 2,316,304 |
Change in Unrealized Gain/(Loss) | 2,546,996 | (1,347,583) |
Net Income (Loss) | 1,795,234 | 876,669 |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (9,945) | (9,702) |
Realized Gain/(Loss) | (817,203) | 1,220,917 |
Change in Unrealized Gain/(Loss) | (159,283) | (284,086) |
Net Income (Loss) | (986,431) | 927,129 |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company XV, LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | 107 | |
Realized Gain/(Loss) | 275,900 | |
Change in Unrealized Gain/(Loss) | (275,956) | |
Net Income (Loss) | 51 | |
Equinox Frontier Balanced Fund [Member] | Frontier Trading Company XXXIX, LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (10) | |
Realized Gain/(Loss) | 7,074 | |
Net Income (Loss) | 7,064 | |
Equinox Frontier Select Fund [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (2,039) | 780 |
Realized Gain/(Loss) | (35,482) | 56,494 |
Change in Unrealized Gain/(Loss) | 440,976 | 978,295 |
Net Income (Loss) | 403,454 | 1,032,449 |
Equinox Frontier Select Fund [Member] | Adjustment [Member] | ||
Investment [Line Items] | ||
Net Income (Loss) | 1,034,009 | |
Equinox Frontier Select Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (342) | 780 |
Realized Gain/(Loss) | (35,482) | 56,689 |
Change in Unrealized Gain/(Loss) | (3,723) | 7,435 |
Net Income (Loss) | (39,547) | 63,344 |
Equinox Frontier Select Fund [Member] | Frontier Trading Company XV, LLC [Member] | ||
Investment [Line Items] | ||
Realized Gain/(Loss) | (195) | |
Change in Unrealized Gain/(Loss) | 2,175 | |
Net Income (Loss) | 1,980 | |
Equinox Frontier Select Fund [Member] | Frontier Trading Company XXXIX, LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (1,697) | |
Change in Unrealized Gain/(Loss) | 444,699 | 968,685 |
Net Income (Loss) | 443,002 | 968,685 |
Equinox Frontier Winton Fund [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (5,685) | (19,159) |
Realized Gain/(Loss) | (517,940) | 4,984,016 |
Change in Unrealized Gain/(Loss) | (84,013) | (521,624) |
Net Income (Loss) | (607,638) | 4,443,233 |
Equinox Frontier Winton Fund [Member] | Frontier Trading Company II LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (13,273) | |
Realized Gain/(Loss) | 4,309,466 | |
Change in Unrealized Gain/(Loss) | (409,695) | |
Net Income (Loss) | 3,886,498 | |
Equinox Frontier Winton Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (5,685) | (5,886) |
Realized Gain/(Loss) | (517,940) | 674,550 |
Change in Unrealized Gain/(Loss) | (84,013) | (111,929) |
Net Income (Loss) | (607,638) | 556,735 |
Equinox Frontier Heritage Fund [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (3,286) | (3,827) |
Realized Gain/(Loss) | 123,101 | 967,393 |
Change in Unrealized Gain/(Loss) | (10,500) | (102,165) |
Net Income (Loss) | 109,317 | 861,401 |
Equinox Frontier Heritage Fund [Member] | Frontier Trading Company II LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (2,066) | (2,502) |
Realized Gain/(Loss) | 236,237 | 816,543 |
Change in Unrealized Gain/(Loss) | 7,296 | (78,076) |
Net Income (Loss) | 241,467 | 735,965 |
Equinox Frontier Heritage Fund [Member] | Frontier Trading Company XXXVIII, LLC [Member] | ||
Investment [Line Items] | ||
Trading Commissions | (1,220) | (1,325) |
Realized Gain/(Loss) | (113,136) | 150,850 |
Change in Unrealized Gain/(Loss) | (17,796) | (24,089) |
Net Income (Loss) | $ (132,152) | $ 125,436 |
Investments in Unconsolidated35
Investments in Unconsolidated Trading Companies - Statements of Financial Condition (Detail) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Investment [Line Items] | ||
Receivable from commission merchants | $ 73,384,641 | $ 72,731,570 |
Total Assets | 250,896,321 | 246,914,890 |
Frontier Trading Company I LLC [Member] | ||
Investment [Line Items] | ||
Receivable from commission merchants | 19,583,145 | 22,731,131 |
Open trade equity/(deficit) | (1,117,627) | 3,215,205 |
Options purchased (written) | 35,396 | |
Interest receivable/(payable) | (1,016) | (2,027) |
Total Assets | 18,464,502 | 25,979,705 |
Members' equity | 18,464,502 | 25,979,705 |
Frontier Trading Company VII, LLC [Member] | ||
Investment [Line Items] | ||
Receivable from commission merchants | 9,353,961 | 6,694,318 |
Open trade equity/(deficit) | 72,129 | 3,469,339 |
Options purchased (written) | 76,655 | |
Interest receivable/(payable) | 481 | (170) |
Total Assets | 9,426,571 | 10,240,142 |
Members' equity | 9,426,571 | 10,240,142 |
Frontier Trading Company XXXVIII, LLC [Member] | ||
Investment [Line Items] | ||
Receivable from commission merchants | 4,110,010 | 2,944,692 |
Open trade equity/(deficit) | (136,186) | 1,369,043 |
Interest receivable/(payable) | 65 | (52) |
Total Assets | 3,973,890 | 4,313,683 |
Members' equity | $ 3,973,890 | 4,313,683 |
Frontier Trading Company II LLC [Member] | ||
Investment [Line Items] | ||
Receivable from commission merchants | 10,851,264 | |
Open trade equity/(deficit) | 3,473,284 | |
Options purchased (written) | 0 | |
Interest receivable/(payable) | 421 | |
Total Assets | 14,324,969 | |
Members' equity | $ 14,324,969 |
Investments in Unconsolidated36
Investments in Unconsolidated Trading Companies - Condensed Statements of Income (Detail) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Investment [Line Items] | ||
Change in open trade equity/(deficit) | $ 4,154,281 | $ (10,301,441) |
Frontier Trading Company I LLC [Member] | ||
Investment [Line Items] | ||
Interest income | 3,807 | |
Net realized gain/(loss) on investments, less commissions | (5,988,211) | |
Change in open trade equity/(deficit) | 2,096,648 | |
Net Income (Loss) | (3,887,756) | |
Frontier Trading Company VII, LLC [Member] | ||
Investment [Line Items] | ||
Interest income | (1,472) | 438 |
Net realized gain/(loss) on investments, less commissions | 2,116,017 | (11,505,782) |
Change in open trade equity/(deficit) | (6,615,655) | 6,507,341 |
Net Income (Loss) | (4,501,110) | (4,998,003) |
Frontier Trading Company XXIX, LLC [Member] | ||
Investment [Line Items] | ||
Interest income | (235) | |
Net realized gain/(loss) on investments, less commissions | (126,760) | |
Change in open trade equity/(deficit) | (7,429) | |
Net Income (Loss) | (134,424) | |
Frontier Trading Company XXXVIII, LLC [Member] | ||
Investment [Line Items] | ||
Interest income | 401 | 430 |
Net realized gain/(loss) on investments, less commissions | 2,417,045 | (3,512,349) |
Change in open trade equity/(deficit) | 438,358 | 755,355 |
Net Income (Loss) | $ 2,855,804 | (2,756,564) |
Frontier Trading Company II LLC [Member] | ||
Investment [Line Items] | ||
Interest income | (992) | |
Net realized gain/(loss) on investments, less commissions | (8,874,767) | |
Change in open trade equity/(deficit) | 849,059 | |
Net Income (Loss) | $ (8,026,700) |
Transactions with Affiliates -
Transactions with Affiliates - Additional Information (Detail) - USD ($) | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Diligence fees | 0.12% | ||
Incentive fees payable to Managing Owner | $ 2,349,607 | $ 382,136 | |
Management Fees | 395,760 | 402,943 | |
Interest payable to Managing Owner | 188,358 | 162,121 | |
Trading fees payable to Managing Owner | 289,602 | 282,522 | |
Incentive Fees | 2,349,607 | $ 4,902,774 | |
Management Fees | 1,182,715 | 1,288,670 | |
Trading Fees | $ 834,678 | 921,267 | |
Bornhoft Group Corporation [Member] | |||
Managing Owner pays to Bornhoft Group Corporation, monthly fee of NAV of the Trust | 0.10% | ||
Monthly service fee for investment and advisor services | $ 0 | 139,848 | |
Bornhoft Group Corporation [Member] | First Year [Member] | |||
Monthly service fee for investment and advisor services | 1,100,000 | ||
Bornhoft Group Corporation [Member] | Second Year [Member] | |||
Monthly service fee for investment and advisor services | 600,000 | ||
Bornhoft Group Corporation [Member] | Third Year [Member] | |||
Monthly service fee for investment and advisor services | 300,000 | ||
Equinox Financial Group [Member] | |||
Management Fees | 0 | 305,000 | |
Solon Capital, LLC [Member] | |||
Managing and marketing services fee payment | $ 0 | 316,272 | |
The Series of Equinox Frontier Funds [Member] | |||
Managing Owner contributions to Series percent | 1.00% | ||
Minimum purchase commitment | 1.00% | ||
The Series of Equinox Frontier Funds [Member] | Class 1, Class 1AP or Class 1a [Member] | |||
Service fee paid to managing owner for payment to selling agents | 3.00% | ||
Equinox Frontier Balanced Fund [Member] | |||
Incentive Fees | 25.00% | ||
Prepaid service fees paid or owing | $ (2,015) | 2,462 | |
Incentive fees payable to Managing Owner | 935,617 | 106,563 | |
Management Fees | 79,116 | 80,574 | |
Interest payable to Managing Owner | 95,730 | 77,642 | |
Trading fees payable to Managing Owner | 58,302 | 57,450 | |
Trailing service fees payable to Managing Owner | 145,684 | 145,576 | |
Incentive Fees | 935,617 | 1,486,957 | |
Management Fees | 234,025 | 259,595 | |
Service Fees-Class 1 | 484,072 | 562,801 | |
Trading Fees | $ 172,789 | 195,344 | |
Equinox Frontier Balanced Fund [Member] | Maximum [Member] | |||
Trading fees | 0.75% | ||
Equinox Frontier Balanced Fund [Member] | Class 1a and Class 2a [Member] | |||
Managing Owner contributions to Series percent | 1.00% | ||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% | ||
Equinox Frontier Balanced Fund [Member] | Class 1, Class 2 and Class 3 [Member] | |||
Annual rate of management fees | 0.50% | ||
Equinox Frontier Balanced Fund [Member] | Class, Class 1AP and Class 2 [Member] | Maximum [Member] | |||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% | ||
Equinox Frontier Balanced Fund [Member] | Class1 and Class 2 [Member] | Maximum [Member] | |||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% | ||
Equinox Frontier Balanced Fund [Member] | Class 1a, Class 2a and Class 3a [Member] | |||
Annual rate of management fees | 1.00% | ||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | |||
Incentive Fees | 20.00% | ||
Prepaid service fees paid or owing | $ 818 | (338) | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% | ||
Incentive fees payable to Managing Owner | $ 134,601 | 28,408 | |
Management Fees | 45,998 | 48,210 | |
Interest payable to Managing Owner | 2,074 | 1,368 | |
Trading fees payable to Managing Owner | 16,266 | 17,129 | |
Trailing service fees payable to Managing Owner | 7,293 | 6,841 | |
Incentive Fees | 134,601 | 239,217 | |
Management Fees | 138,546 | 123,036 | |
Service Fees-Class 1 | 21,031 | 31,900 | |
Trading Fees | $ 49,619 | 68,928 | |
Equinox Frontier Long/Short Commodity Fund [Member] | Maximum [Member] | |||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1a and Class 2a [Member] | |||
Diligence fees | 0.12% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1a and Class 2a [Member] | Maximum [Member] | |||
Trading fees | 2.25% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1, Class 2 and Class 3 [Member] | |||
Annual rate of management fees | 3.50% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1, Class 2 and Class 3 [Member] | Maximum [Member] | |||
Trading fees | 0.75% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1, Class 1AP, Class 2 And Class 3 [Member] | Maximum [Member] | |||
Trading fees | 0.75% | ||
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1a, Class 2a and Class 3a [Member] | |||
Annual rate of management fees | 2.00% | ||
Equinox Frontier Select Fund [Member] | |||
Annual rate of management fees | 2.50% | ||
Incentive Fees | 20.00% | ||
Prepaid service fees paid or owing | $ (165) | 97 | |
Incentive fees payable to Managing Owner | 23,986 | ||
Management Fees | 24,288 | 22,884 | |
Interest payable to Managing Owner | 3,022 | 3,549 | |
Trading fees payable to Managing Owner | 8,811 | 8,515 | |
Trailing service fees payable to Managing Owner | 29,885 | 29,092 | |
Incentive Fees | 23,986 | 158,971 | |
Management Fees | 70,821 | 80,072 | |
Service Fees-Class 1 | 93,444 | 106,901 | |
Trading Fees | $ 26,180 | 29,893 | |
Equinox Frontier Select Fund [Member] | Maximum [Member] | |||
Trading fees | 0.75% | ||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% | ||
Equinox Frontier Winton Fund [Member] | |||
Annual rate of management fees | 2.00% | ||
Incentive Fees | 20.00% | ||
Prepaid service fees paid or owing | $ (3,649) | 4,220 | |
Incentive fees payable to Managing Owner | 99,067 | ||
Management Fees | 91,943 | 93,171 | |
Interest payable to Managing Owner | 56,108 | 49,624 | |
Trading fees payable to Managing Owner | 22,673 | 22,405 | |
Trailing service fees payable to Managing Owner | 44,574 | 44,422 | |
Incentive Fees | 99,067 | 715,409 | |
Management Fees | 275,820 | 323,105 | |
Service Fees-Class 1 | 179,855 | 205,337 | |
Trading Fees | $ 68,324 | 76,976 | |
Equinox Frontier Winton Fund [Member] | Maximum [Member] | |||
Trading fees | 0.75% | ||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% | ||
Equinox Frontier Heritage Fund [Member] | |||
Annual rate of management fees | 2.50% | ||
Incentive Fees | 20.00% | ||
Prepaid service fees paid or owing | $ (301) | 286 | |
Incentive fees payable to Managing Owner | 9,072 | ||
Management Fees | 20,914 | 21,490 | |
Interest payable to Managing Owner | 11,873 | 11,066 | |
Trading fees payable to Managing Owner | 7,534 | 7,457 | |
Trailing service fees payable to Managing Owner | 18,871 | 18,807 | |
Incentive Fees | 9,072 | 132,676 | |
Management Fees | 63,021 | 77,898 | |
Service Fees-Class 1 | 67,669 | 77,017 | |
Trading Fees | $ 22,714 | 25,691 | |
Equinox Frontier Heritage Fund [Member] | Maximum [Member] | |||
Trading fees | 0.75% | ||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 2.00% | ||
Equinox Frontier Diversified Fund [Member] | |||
Annual rate of management fees | 0.75% | ||
Diligence fees | 0.12% | ||
Incentive Fees | 25.00% | ||
Prepaid service fees paid or owing | $ 812 | 1,133 | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% | ||
Incentive fees payable to Managing Owner | $ 921,036 | 204,914 | |
Management Fees | 79,795 | 81,940 | |
Interest payable to Managing Owner | 14,303 | 11,661 | |
Trading fees payable to Managing Owner | 129,791 | 121,065 | |
Trailing service fees payable to Managing Owner | 13,646 | 17,020 | |
Incentive Fees | 921,036 | 1,634,242 | |
Management Fees | 238,847 | 246,304 | |
Service Fees-Class 1 | 76,178 | 121,918 | |
Trading Fees | $ 356,708 | 370,802 | |
Equinox Frontier Diversified Fund [Member] | Maximum [Member] | |||
Trading fees | 2.25% | ||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% | ||
Equinox Frontier Masters Fund [Member] | |||
Annual rate of management fees | 2.00% | ||
Diligence fees | 0.12% | ||
Incentive Fees | 20.00% | ||
Prepaid service fees paid or owing | $ 4,488 | (598) | |
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% | ||
Incentive fees payable to Managing Owner | $ 226,228 | 42,251 | |
Management Fees | 53,706 | 54,674 | |
Interest payable to Managing Owner | 4,776 | 4,957 | |
Trading fees payable to Managing Owner | 46,225 | 48,501 | |
Trailing service fees payable to Managing Owner | 11,025 | 12,098 | |
Incentive Fees | 226,228 | 535,302 | |
Management Fees | 161,635 | 178,660 | |
Service Fees-Class 1 | 47,135 | 65,178 | |
Trading Fees | $ 138,344 | 153,633 | |
Equinox Frontier Masters Fund [Member] | Maximum [Member] | |||
Trading fees | 2.25% | ||
Aggregate interest income from all sources, including assets held at clearing brokers is paid to the Managing Owner | 20.00% | ||
Equinox Frontier Funds [Member] | |||
Managing Owner contributions to Series percent | 1.00% | ||
Minimum purchase commitment | 1.00% | ||
Incentive fees payable to Managing Owner | $ 2,349,607 | 382,136 | |
Management Fees | 395,760 | 402,943 | |
Interest payable to Managing Owner | 188,358 | 162,121 | |
Trading fees payable to Managing Owner | 289,602 | 282,522 | |
Trailing service fees payable to Managing Owner | 270,978 | $ 273,856 | |
Incentive Fees | 2,349,607 | 4,902,774 | |
Management Fees | 1,182,715 | 1,288,670 | |
Service Fees-Class 1 | 969,384 | 1,171,052 | |
Trading Fees | 834,678 | 921,267 | |
Prepaid service fees received or receivable | $ 12 | 7,262 | |
Equinox Frontier Funds [Member] | Bornhoft Group Corporation [Member] | |||
Managing Owner pays to Bornhoft Group Corporation, monthly fee of NAV of the Trust | 0.10% | ||
Monthly service fee for investment and advisor services | $ 0 | 139,848 | |
Equinox Frontier Funds [Member] | Bornhoft Group Corporation [Member] | First Year [Member] | |||
Monthly service fee for investment and advisor services | 1,100,000 | ||
Equinox Frontier Funds [Member] | Bornhoft Group Corporation [Member] | Second Year [Member] | |||
Monthly service fee for investment and advisor services | 600,000 | ||
Equinox Frontier Funds [Member] | Bornhoft Group Corporation [Member] | Third Year [Member] | |||
Monthly service fee for investment and advisor services | 300,000 | ||
Equinox Frontier Funds [Member] | Equinox Financial Group [Member] | |||
Management Fees | 0 | 305,000 | |
Equinox Frontier Funds [Member] | Solon Capital, LLC [Member] | |||
Managing and marketing services fee payment | $ 0 | $ 316,272 | |
Equinox Frontier Funds [Member] | Class 1, Class 1AP or Class 1a [Member] | |||
Service fee paid to managing owner for payment to selling agents | 3.00% |
Transactions with Affiliates 38
Transactions with Affiliates - Fees Earned by Managing owner (Detail) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Management Fees Provided For Service [Line Items] | ||
Incentive Fee | $ 2,349,607 | $ 4,902,774 |
Management Fee | 1,182,715 | 1,288,670 |
Trading Fee | 834,678 | 921,267 |
Equinox Frontier Diversified Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fee | 921,036 | 1,634,242 |
Management Fee | 238,847 | 246,304 |
Service Fee | 76,178 | 121,918 |
Trading Fee | 356,708 | 370,802 |
Equinox Frontier Masters Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fee | 226,228 | 535,302 |
Management Fee | 161,635 | 178,660 |
Service Fee | 47,135 | 65,178 |
Trading Fee | 138,344 | 153,633 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fee | 134,601 | 239,217 |
Management Fee | 138,546 | 123,036 |
Service Fee | 21,031 | 31,900 |
Trading Fee | 49,619 | 68,928 |
Equinox Frontier Balanced Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fee | 935,617 | 1,486,957 |
Management Fee | 234,025 | 259,595 |
Service Fee | 484,072 | 562,801 |
Trading Fee | 172,789 | 195,344 |
Equinox Frontier Select Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fee | 23,986 | 158,971 |
Management Fee | 70,821 | 80,072 |
Service Fee | 93,444 | 106,901 |
Trading Fee | 26,180 | 29,893 |
Equinox Frontier Winton Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fee | 99,067 | 715,409 |
Management Fee | 275,820 | 323,105 |
Service Fee | 179,855 | 205,337 |
Trading Fee | 68,324 | 76,976 |
Equinox Frontier Heritage Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fee | 9,072 | 132,676 |
Management Fee | 63,021 | 77,898 |
Service Fee | 67,669 | 77,017 |
Trading Fee | $ 22,714 | $ 25,691 |
Transactions with Affiliates 39
Transactions with Affiliates - Fees Payable to Managing owner (Detail) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Management Fees Provided For Service [Line Items] | ||
Incentive Fees | $ 2,349,607 | $ 382,136 |
Management Fees | 395,760 | 402,943 |
Trading Fees | 289,602 | 282,522 |
Equinox Frontier Diversified Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fees | 921,036 | 204,914 |
Management Fees | 79,795 | 81,940 |
Interest Fees | 14,303 | 11,661 |
Service Fees | 13,646 | 17,020 |
Trading Fees | 129,791 | 121,065 |
Equinox Frontier Masters Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fees | 226,228 | 42,251 |
Management Fees | 53,706 | 54,674 |
Interest Fees | 4,776 | 4,957 |
Service Fees | 11,025 | 12,098 |
Trading Fees | 46,225 | 48,501 |
Equinox Frontier Long/Short Commodity Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fees | 134,601 | 28,408 |
Management Fees | 45,998 | 48,210 |
Interest Fees | 2,074 | 1,368 |
Service Fees | 7,293 | 6,841 |
Trading Fees | 16,266 | 17,129 |
Equinox Frontier Balanced Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fees | 935,617 | 106,563 |
Management Fees | 79,116 | 80,574 |
Interest Fees | 95,730 | 77,642 |
Service Fees | 145,684 | 145,576 |
Trading Fees | 58,302 | 57,450 |
Equinox Frontier Select Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fees | 23,986 | |
Management Fees | 24,288 | 22,884 |
Interest Fees | 3,022 | 3,549 |
Service Fees | 29,885 | 29,092 |
Trading Fees | 8,811 | 8,515 |
Equinox Frontier Winton Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fees | 99,067 | |
Management Fees | 91,943 | 93,171 |
Interest Fees | 56,108 | 49,624 |
Service Fees | 44,574 | 44,422 |
Trading Fees | 22,673 | 22,405 |
Equinox Frontier Heritage Fund [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Incentive Fees | 9,072 | |
Management Fees | 20,914 | 21,490 |
Interest Fees | 11,873 | 11,066 |
Service Fees | 18,871 | 18,807 |
Trading Fees | $ 7,534 | $ 7,457 |
Transactions with Affiliates 40
Transactions with Affiliates - Gross Interest Paid to the Managing owner (Detail) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Equinox Frontier Diversified Fund [Member] | Class 1 [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 6,619 | $ 13,441 |
Ratio to average net assets | 0.06% | 0.07% |
Equinox Frontier Diversified Fund [Member] | Class 2 [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 24,507 | $ 24,311 |
Ratio to average net assets | 0.06% | 0.08% |
Equinox Frontier Diversified Fund [Member] | Class 3 [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 7,171 | $ 4,562 |
Ratio to average net assets | 0.06% | 0.13% |
Equinox Frontier Masters Fund [Member] | Class 1 [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 5,171 | $ 8,161 |
Ratio to average net assets | 0.06% | 0.07% |
Equinox Frontier Masters Fund [Member] | Class 2 [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 4,978 | $ 6,281 |
Ratio to average net assets | 0.06% | 0.08% |
Equinox Frontier Masters Fund [Member] | Class 3 [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 4,194 | $ 3,349 |
Ratio to average net assets | 0.06% | 0.11% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2 [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 444 | $ 895 |
Ratio to average net assets | 0.04% | 0.07% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3 [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 2,568 | $ 5,174 |
Ratio to average net assets | 0.04% | 0.07% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1a [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 1,778 | $ 4,027 |
Ratio to average net assets | 0.04% | 0.07% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2a [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 575 | $ 1,188 |
Ratio to average net assets | 0.04% | 0.07% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3a [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 377 | $ 480 |
Ratio to average net assets | 0.04% | 0.09% |
Equinox Frontier Balanced Fund [Member] | Class 1 [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 189,608 | $ 206,350 |
Ratio to average net assets | 0.29% | 0.33% |
Equinox Frontier Balanced Fund [Member] | Class 2 [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 69,764 | $ 69,007 |
Ratio to average net assets | 0.29% | 0.34% |
Equinox Frontier Balanced Fund [Member] | Class 2a [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 337 | $ 322 |
Ratio to average net assets | 0.06% | 0.06% |
Equinox Frontier Balanced Fund [Member] | Class 3a [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 1,497 | $ 1,475 |
Ratio to average net assets | 0.06% | 0.07% |
Equinox Frontier Balanced Fund [Member] | Class 1AP [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 2,196 | $ 2,192 |
Ratio to average net assets | 0.01% | 0.01% |
Equinox Frontier Select Fund [Member] | Class 1 [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 9,889 | $ 24,071 |
Ratio to average net assets | 0.08% | 0.19% |
Equinox Frontier Select Fund [Member] | Class 2 [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 1,151 | $ 2,762 |
Ratio to average net assets | 0.79% | 0.20% |
Equinox Frontier Select Fund [Member] | Class 1AP [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 41 | $ 85 |
Ratio to average net assets | 0.00% | 0.00% |
Equinox Frontier Winton Fund [Member] | Class 1 [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 104,787 | $ 122,407 |
Ratio to average net assets | 0.43% | 0.53% |
Equinox Frontier Winton Fund [Member] | Class 2 [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 54,267 | $ 60,971 |
Ratio to average net assets | 0.43% | 0.57% |
Equinox Frontier Winton Fund [Member] | Class 1AP [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 168 | $ 177 |
Ratio to average net assets | 0.01% | 0.01% |
Equinox Frontier Heritage Fund [Member] | Class 1 [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 25,473 | $ 30,992 |
Ratio to average net assets | 0.28% | 0.37% |
Equinox Frontier Heritage Fund [Member] | Class 2 [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 8,547 | $ 10,169 |
Ratio to average net assets | 0.28% | 0.38% |
Equinox Frontier Heritage Fund [Member] | Class 1AP [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 175 | $ 188 |
Ratio to average net assets | 0.01% | 0.01% |
The Series of Equinox Frontier Funds [Member] | ||
Management Fees Provided For Service [Line Items] | ||
Gross amount paid to the managing owner | $ 526,283 | $ 603,037 |
Financial Highlights - Financia
Financial Highlights - Financial Highlights of Trust (Detail) - $ / shares | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | ||
Financial Highlights [Line Items] | |||
Net investment gain/(loss) | [1] | (5.50%) | (6.18%) |
Expenses before incentive fees | [2] | 4.93% | 4.87% |
Expenses after incentive fees | [2] | 5.90% | 6.61% |
Total return before incentive fee | [3] | 4.62% | 14.05% |
Total return after incentive fee | [3] | 3.65% | 12.31% |
Equinox Frontier Diversified Fund [Member] | Class 1 [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 115.52 | $ 113.09 |
Interest income | [4] | 0.31 | 0.34 |
Expenses | [4] | (3.92) | (5.23) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 6.51 | 23.46 |
Net income/(loss) | [4] | 2.91 | 18.57 |
Net asset value per unit, Ending balance | [4] | $ 118.43 | $ 131.66 |
Net investment gain/(loss) | [1] | (7.38%) | (8.00%) |
Expenses before incentive fees | [1],[5] | 6.88% | 6.48% |
Expenses after incentive fees | [1],[5] | 8.40% | 9.10% |
Total return before incentive fee | [6] | 4.04% | 19.04% |
Total return after incentive fee | [6] | 2.52% | 16.42% |
Equinox Frontier Diversified Fund [Member] | Class 2 [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 129.60 | $ 124.67 |
Interest income | [4] | 0.35 | 0.37 |
Expenses | [4] | (3.42) | (4.95) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 6.91 | 25.67 |
Net income/(loss) | [4] | 3.84 | 21.09 |
Net asset value per unit, Ending balance | [4] | $ 133.44 | $ 145.76 |
Net investment gain/(loss) | [1] | (4.45%) | (5.53%) |
Expenses before incentive fees | [1],[5] | 3.95% | 4.01% |
Expenses after incentive fees | [1],[5] | 5.47% | 6.63% |
Total return before incentive fee | [6] | 4.48% | 19.53% |
Total return after incentive fee | [6] | 2.96% | 16.92% |
Equinox Frontier Diversified Fund [Member] | Class 3 [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 119.87 | $ 115.03 |
Interest income | [4] | 0.32 | 0.34 |
Expenses | [4] | (3.17) | (4.58) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 6.48 | 23.78 |
Net income/(loss) | [4] | 3.63 | 19.54 |
Net asset value per unit, Ending balance | [4] | $ 123.50 | $ 134.57 |
Net investment gain/(loss) | [1] | (4.45%) | (5.53%) |
Expenses before incentive fees | [1],[5] | 3.95% | 4.01% |
Expenses after incentive fees | [1],[5] | 5.47% | 6.63% |
Total return before incentive fee | [6] | 4.55% | 19.60% |
Total return after incentive fee | [6] | 3.03% | 16.99% |
Equinox Frontier Masters Fund [Member] | Class 1 [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 112.87 | $ 116.61 |
Interest income | [4] | 0.29 | 0.34 |
Expenses | [4] | (3.36) | (4.79) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 9.21 | 16.22 |
Net income/(loss) | [4] | 6.14 | 11.77 |
Net asset value per unit, Ending balance | [4] | $ 119.01 | $ 128.38 |
Net investment gain/(loss) | [1] | (7.37%) | (8.34%) |
Expenses before incentive fees | [1],[5] | 7.39% | 7.40% |
Expenses after incentive fees | [1],[5] | 8.35% | 9.45% |
Total return before incentive fee | [6] | 6.40% | 12.15% |
Total return after incentive fee | [6] | 5.44% | 10.09% |
Equinox Frontier Masters Fund [Member] | Class 2 [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 126.60 | $ 128.53 |
Interest income | [4] | 0.33 | 0.37 |
Expenses | [4] | (3.03) | (4.54) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 10.17 | 17.76 |
Net income/(loss) | [4] | 7.47 | 13.59 |
Net asset value per unit, Ending balance | [4] | $ 134.07 | $ 142.12 |
Net investment gain/(loss) | [1] | (5.12%) | (6.12%) |
Expenses before incentive fees | [1],[5] | 5.14% | 5.17% |
Expenses after incentive fees | [1],[5] | 6.11% | 7.23% |
Total return before incentive fee | [6] | 6.86% | 12.63% |
Total return after incentive fee | [6] | 5.90% | 10.57% |
Equinox Frontier Masters Fund [Member] | Class 3 [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 117.57 | $ 119.06 |
Interest income | [4] | 0.31 | 0.34 |
Expenses | [4] | (2.81) | (4.21) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 9.54 | 16.54 |
Net income/(loss) | [4] | 7.02 | 12.67 |
Net asset value per unit, Ending balance | [4] | $ 124.59 | $ 131.73 |
Net investment gain/(loss) | [1] | (5.12%) | (6.12%) |
Expenses before incentive fees | [1],[5] | 5.14% | 5.17% |
Expenses after incentive fees | [1],[5] | 6.11% | 7.23% |
Total return before incentive fee | [6] | 6.94% | 12.70% |
Total return after incentive fee | [6] | 5.97% | 10.64% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2 [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 132.10 | $ 138.30 |
Interest income | [4] | 0.24 | 0.40 |
Expenses | [4] | (3.34) | (3.70) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 0.50 | 31.20 |
Net income/(loss) | [4] | (2.60) | 27.90 |
Net asset value per unit, Ending balance | [4] | $ 129.50 | $ 166.20 |
Net investment gain/(loss) | [1] | (6.09%) | (4.59%) |
Expenses before incentive fees | [1],[5] | 5.77% | 4.32% |
Expenses after incentive fees | [1],[5] | 6.79% | 5.65% |
Total return before incentive fee | [6] | (0.94%) | 21.50% |
Total return after incentive fee | [6] | (1.97%) | 20.17% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3 [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 132.14 | $ 138.34 |
Interest income | [4] | 0.24 | 0.40 |
Expenses | [4] | (3.34) | (3.71) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 0.50 | 31.03 |
Net income/(loss) | [4] | (2.61) | 27.72 |
Net asset value per unit, Ending balance | [4] | $ 129.53 | $ 166.06 |
Net investment gain/(loss) | [1] | (6.09%) | (4.59%) |
Expenses before incentive fees | [1],[5] | 5.77% | 4.32% |
Expenses after incentive fees | [1],[5] | 6.79% | 5.65% |
Total return before incentive fee | [6] | (0.95%) | 21.36% |
Total return after incentive fee | [6] | (1.98%) | 20.04% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 1a [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 94.76 | $ 101.12 |
Interest income | [4] | 0.17 | 0.29 |
Expenses | [4] | (2.89) | (3.29) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 0.52 | 22.58 |
Net income/(loss) | [4] | (2.21) | 19.58 |
Net asset value per unit, Ending balance | [4] | $ 92.55 | $ 120.70 |
Net investment gain/(loss) | [1] | (8.17%) | (6.69%) |
Expenses before incentive fees | [1],[5] | 7.85% | 6.42% |
Expenses after incentive fees | [1],[5] | 8.88% | 7.75% |
Total return before incentive fee | [6] | (1.31%) | 20.69% |
Total return after incentive fee | [6] | (2.33%) | 19.36% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 2a [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 106.19 | $ 111.35 |
Interest income | [4] | 0.19 | 0.33 |
Expenses | [4] | (2.68) | (2.98) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 0.45 | 24.79 |
Net income/(loss) | [4] | (2.03) | 22.14 |
Net asset value per unit, Ending balance | [4] | $ 104.16 | $ 133.49 |
Net investment gain/(loss) | [1] | (6.09%) | (4.59%) |
Expenses before incentive fees | [1],[5] | 5.77% | 4.32% |
Expenses after incentive fees | [1],[5] | 6.79% | 5.65% |
Total return before incentive fee | [6] | (0.89%) | 21.21% |
Total return after incentive fee | [6] | (1.91%) | 19.88% |
Equinox Frontier Long/Short Commodity Fund [Member] | Class 3a [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 106.86 | $ 111.77 |
Interest income | [4] | 0.19 | 0.33 |
Expenses | [4] | (2.70) | (2.99) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 0.53 | 24.98 |
Net income/(loss) | [4] | (1.97) | 22.32 |
Net asset value per unit, Ending balance | [4] | $ 104.89 | $ 134.09 |
Net investment gain/(loss) | [1] | (5.87%) | (4.41%) |
Expenses before incentive fees | [1],[5] | 5.48% | 4.09% |
Expenses after incentive fees | [1],[5] | 6.58% | 5.47% |
Total return before incentive fee | [6] | (0.75%) | 21.35% |
Total return after incentive fee | [6] | (1.84%) | 19.97% |
Equinox Frontier Balanced Fund [Member] | Class 1 [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 128.03 | $ 131.54 |
Interest income | [4] | 0.01 | 0.01 |
Expenses | [4] | (2.94) | (3.68) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 7.08 | 20.93 |
Net income/(loss) | [4] | 4.15 | 17.26 |
Net asset value per unit, Ending balance | [4] | $ 132.18 | $ 148.80 |
Net investment gain/(loss) | [1] | (5.74%) | (6.17%) |
Expenses before incentive fees | [1],[5] | 4.77% | 4.78% |
Expenses after incentive fees | [1],[5] | 5.77% | 6.19% |
Total return before incentive fee | [6] | 4.25% | 14.54% |
Total return after incentive fee | [6] | 3.24% | 13.12% |
Equinox Frontier Balanced Fund [Member] | Class 2 [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 179.69 | $ 179.16 |
Interest income | [4] | 0.01 | 0.01 |
Expenses | [4] | (2.74) | (3.59) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 9.96 | 28.59 |
Net income/(loss) | [4] | 7.23 | 25.01 |
Net asset value per unit, Ending balance | [4] | $ 186.92 | $ 204.17 |
Net investment gain/(loss) | [1] | (2.74%) | (3.14%) |
Expenses before incentive fees | [1],[5] | 1.77% | 1.76% |
Expenses after incentive fees | [1],[5] | 2.78% | 3.17% |
Total return before incentive fee | [6] | 5.03% | 15.38% |
Total return after incentive fee | [6] | 4.02% | 13.96% |
Equinox Frontier Balanced Fund [Member] | Class 2a [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 154.88 | $ 153.02 |
Interest income | [4] | 0.01 | 0.01 |
Expenses | [4] | (2.36) | (3.07) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 8.96 | 24.80 |
Net income/(loss) | [4] | 6.61 | 21.74 |
Net asset value per unit, Ending balance | [4] | $ 161.49 | $ 174.76 |
Net investment gain/(loss) | [1] | (2.74%) | (3.14%) |
Expenses before incentive fees | [1],[5] | 1.77% | 1.76% |
Expenses after incentive fees | [1],[5] | 2.78% | 3.17% |
Total return before incentive fee | [6] | 5.28% | 15.62% |
Total return after incentive fee | [6] | 4.27% | 14.21% |
Equinox Frontier Balanced Fund [Member] | Class 3a [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 154.37 | $ 152.52 |
Interest income | [4] | 0.01 | 0.01 |
Expenses | [4] | (2.35) | (3.06) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 8.93 | 24.72 |
Net income/(loss) | [4] | 6.59 | 21.67 |
Net asset value per unit, Ending balance | [4] | $ 160.96 | $ 174.19 |
Net investment gain/(loss) | [1] | (2.74%) | (3.14%) |
Expenses before incentive fees | [1],[5] | 1.77% | 1.76% |
Expenses after incentive fees | [1],[5] | 2.78% | 3.17% |
Total return before incentive fee | [6] | 5.28% | 15.62% |
Total return after incentive fee | [6] | 4.27% | 14.21% |
Equinox Frontier Balanced Fund [Member] | Class 1AP [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 133.59 | $ 133.20 |
Interest income | [4] | 0.01 | 0.01 |
Expenses | [4] | (2.03) | (2.67) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 7.40 | 21.26 |
Net income/(loss) | [4] | 5.38 | 18.60 |
Net asset value per unit, Ending balance | [4] | $ 138.97 | $ 151.80 |
Net investment gain/(loss) | [1] | (2.74%) | (3.14%) |
Expenses before incentive fees | [1],[5] | 1.77% | 1.76% |
Expenses after incentive fees | [1],[5] | 2.78% | 3.17% |
Total return before incentive fee | [6] | 5.04% | 15.38% |
Total return after incentive fee | [6] | 4.03% | 13.96% |
Equinox Frontier Select Fund [Member] | Class 1 [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 90.35 | $ 95.61 |
Interest income | [4] | 0 | 0 |
Expenses | [4] | (1.58) | (2.46) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 10.63 | 13.01 |
Net income/(loss) | [4] | 9.05 | 10.55 |
Net asset value per unit, Ending balance | [4] | $ 99.40 | $ 106.16 |
Net investment gain/(loss) | [1] | (5.95%) | (6.75%) |
Expenses before incentive fees | [1],[5] | 5.78% | 5.77% |
Expenses after incentive fees | [1],[5] | 5.95% | 6.75% |
Total return before incentive fee | [6] | 10.19% | 12.02% |
Total return after incentive fee | [6] | 10.02% | 11.03% |
Equinox Frontier Select Fund [Member] | Class 2 [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 125.11 | $ 128.48 |
Interest income | [4] | 0 | 0 |
Expenses | [4] | (1.18) | (2.29) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 14.75 | 17.54 |
Net income/(loss) | [4] | 13.57 | 15.25 |
Net asset value per unit, Ending balance | [4] | $ 138.68 | $ 143.73 |
Net investment gain/(loss) | [1] | (2.95%) | (3.75%) |
Expenses before incentive fees | [1],[5] | 2.78% | 2.76% |
Expenses after incentive fees | [1],[5] | 2.95% | 3.75% |
Total return before incentive fee | [6] | 11.02% | 12.85% |
Total return after incentive fee | [6] | 10.85% | 11.87% |
Equinox Frontier Select Fund [Member] | Class 1AP [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 94.28 | $ 96.82 |
Interest income | [4] | 0 | 0 |
Expenses | [4] | (0.89) | (1.73) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 11.11 | 13.22 |
Net income/(loss) | [4] | 10.22 | 11.49 |
Net asset value per unit, Ending balance | [4] | $ 104.50 | $ 108.31 |
Net investment gain/(loss) | [1] | (2.95%) | (3.75%) |
Expenses before incentive fees | [1],[5] | 2.78% | 2.76% |
Expenses after incentive fees | [1],[5] | 2.95% | 3.75% |
Total return before incentive fee | [6] | 11.01% | 12.85% |
Total return after incentive fee | [6] | 10.84% | 11.87% |
Equinox Frontier Winton Fund [Member] | Class 1 [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 164.17 | $ 175.95 |
Interest income | [4] | 0 | 0 |
Expenses | [4] | (3.37) | (6.31) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 8.38 | 22.26 |
Net income/(loss) | [4] | 5.01 | 15.95 |
Net asset value per unit, Ending balance | [4] | $ 169.18 | $ 191.90 |
Net investment gain/(loss) | [1] | (7.04%) | (8.63%) |
Expenses before incentive fees | [1],[5] | 6.77% | 6.91% |
Expenses after incentive fees | [1],[5] | 7.04% | 8.63% |
Total return before incentive fee | [6] | 3.32% | 10.79% |
Total return after incentive fee | [6] | 3.05% | 9.07% |
Equinox Frontier Winton Fund [Member] | Class 2 [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 217.51 | $ 226.23 |
Interest income | [4] | 0 | 0 |
Expenses | [4] | (2.77) | (6.38) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 11.08 | 28.71 |
Net income/(loss) | [4] | 8.31 | 22.33 |
Net asset value per unit, Ending balance | [4] | $ 225.82 | $ 248.56 |
Net investment gain/(loss) | [1] | (4.04%) | (5.63%) |
Expenses before incentive fees | [1],[5] | 3.78% | 3.90% |
Expenses after incentive fees | [1],[5] | 4.05% | 5.63% |
Total return before incentive fee | [6] | 4.09% | 11.59% |
Total return after incentive fee | [6] | 3.82% | 9.87% |
Equinox Frontier Winton Fund [Member] | Class 1AP [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 171.31 | $ 178.18 |
Interest income | [4] | 0 | 0 |
Expenses | [4] | (2.18) | (5.03) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 8.73 | 22.62 |
Net income/(loss) | [4] | 6.55 | 17.59 |
Net asset value per unit, Ending balance | [4] | $ 177.86 | $ 195.77 |
Net investment gain/(loss) | [1] | (4.04%) | (5.63%) |
Expenses before incentive fees | [1],[5] | 3.78% | 3.90% |
Expenses after incentive fees | [1],[5] | 4.05% | 5.63% |
Total return before incentive fee | [6] | 4.09% | 11.59% |
Total return after incentive fee | [6] | 3.82% | 9.87% |
Equinox Frontier Heritage Fund [Member] | Class 1 [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 124.27 | $ 130.28 |
Interest income | [4] | 0 | 0 |
Expenses | [4] | (2.01) | (3.44) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 8.50 | 21.03 |
Net income/(loss) | [4] | 6.49 | 17.59 |
Net asset value per unit, Ending balance | [4] | $ 130.76 | $ 147.87 |
Net investment gain/(loss) | [1] | (5.90%) | (7.00%) |
Expenses before incentive fees | [1],[5] | 5.83% | 6.05% |
Expenses after incentive fees | [1],[5] | 5.90% | 7.00% |
Total return before incentive fee | [6] | 5.30% | 14.46% |
Total return after incentive fee | [6] | 5.22% | 13.50% |
Equinox Frontier Heritage Fund [Member] | Class 2 [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 173.54 | $ 176.56 |
Interest income | [4] | 0 | 0 |
Expenses | [4] | (1.44) | (3.26) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 11.87 | 28.59 |
Net income/(loss) | [4] | 10.43 | 25.33 |
Net asset value per unit, Ending balance | [4] | $ 183.97 | $ 201.89 |
Net investment gain/(loss) | [1] | (2.90%) | (3.99%) |
Expenses before incentive fees | [1],[5] | 2.83% | 3.03% |
Expenses after incentive fees | [1],[5] | 2.90% | 3.99% |
Total return before incentive fee | [6] | 6.08% | 15.30% |
Total return after incentive fee | [6] | 6.01% | 14.35% |
Equinox Frontier Heritage Fund [Member] | Class 1AP [Member] | |||
Financial Highlights [Line Items] | |||
Net asset value per unit, Beginning balance | [4] | $ 129.67 | $ 131.93 |
Interest income | [4] | 0 | 0 |
Expenses | [4] | (1.07) | (2.43) |
Net gain/(loss) on investments, net of non-controlling interests | [4] | 8.87 | 21.36 |
Net income/(loss) | [4] | 7.80 | 18.93 |
Net asset value per unit, Ending balance | [4] | $ 137.47 | $ 150.86 |
Net investment gain/(loss) | [1] | (2.90%) | (3.99%) |
Expenses before incentive fees | [1],[5] | 2.83% | 3.03% |
Expenses after incentive fees | [1],[5] | 2.90% | 3.99% |
Total return before incentive fee | [6] | 6.09% | 15.31% |
Total return after incentive fee | [6] | 6.02% | 14.35% |
[1] | Annualized with the exception of incentive fees. | ||
[2] | Total returns are not annualized. | ||
[3] | Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Consolidated Statements of Operations of the Trust. See footnote 5. | ||
[4] | Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. | ||
[5] | Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. | ||
[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 He42
Derivative Instruments and Hedging Activities - Monthly Averages of Futures Contracts (Detail) - Future [Member] - Contract | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Equinox Frontier Balanced Fund [Member] | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Derivative Numbers of Instruments Bought | 1,094 | 1,797 |
Derivative Numbers of Instruments Sold | 1,089 | 1,774 |
Equinox Frontier Winton Fund [Member] | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Derivative Numbers of Instruments Bought | 782 | |
Derivative Numbers of Instruments Sold | 729 | |
Equinox Frontier Diversified Fund [Member] | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Derivative Numbers of Instruments Bought | 2,769 | |
Derivative Numbers of Instruments Sold | 2,726 | |
Equinox Frontier Select Fund [Member] | ||
Derivative Instruments and Hedging Activities Disclosures [Line Items] | ||
Derivative Numbers of Instruments Bought | 572 | 546 |
Derivative Numbers of Instruments Sold | 509 | 584 |
Derivative Instruments and He43
Derivative Instruments and Hedging Activities - Realized Trading Revenue from Futures, Forwards and Options (Detail) - USD ($) | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | ||
Equinox Frontier Balanced Fund [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | $ 2,693,865 | $ 7,548,926 | |
Equinox Frontier Diversified Fund [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 1,725,410 | 5,189,477 | |
Equinox Frontier Select Fund [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (35,482) | 56,494 | |
Equinox Frontier Winton Fund [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (517,940) | 4,984,016 | |
Realized Trading Revenue [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | [1] | 8,055,316 | 39,987,665 |
Realized Trading Revenue [Member] | Metals [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (5,431,149) | (1,858,800) | |
Realized Trading Revenue [Member] | Currencies [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (1,496,926) | 10,129,391 | |
Realized Trading Revenue [Member] | Energies [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 4,565,694 | 11,552,937 | |
Realized Trading Revenue [Member] | Agriculturals [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (984,627) | (148,685) | |
Realized Trading Revenue [Member] | Interest rates [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 12,614,651 | 9,920,908 | |
Realized Trading Revenue [Member] | Stock indices [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (1,212,327) | 10,391,914 | |
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | [2] | 1,617,558 | 6,275,679 |
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Metals [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 30,120 | (373,850) | |
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Currencies [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (355,492) | 1,690,865 | |
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Energies [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 299,529 | 566,049 | |
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Agriculturals [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (44,749) | 40,555 | |
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Interest rates [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 3,630,729 | 2,082,162 | |
Realized Trading Revenue [Member] | Equinox Frontier Balanced Fund [Member] | Stock indices [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (1,942,579) | 2,269,898 | |
Realized Trading Revenue [Member] | Equinox Frontier Diversified Fund [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | [2] | 8,401,169 | |
Realized Trading Revenue [Member] | Equinox Frontier Diversified Fund [Member] | Metals [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (480,274) | ||
Realized Trading Revenue [Member] | Equinox Frontier Diversified Fund [Member] | Currencies [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 1,300,174 | ||
Realized Trading Revenue [Member] | Equinox Frontier Diversified Fund [Member] | Energies [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 673,969 | ||
Realized Trading Revenue [Member] | Equinox Frontier Diversified Fund [Member] | Agriculturals [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 43,268 | ||
Realized Trading Revenue [Member] | Equinox Frontier Diversified Fund [Member] | Interest rates [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 4,697,960 | ||
Realized Trading Revenue [Member] | Equinox Frontier Diversified Fund [Member] | Stock indices [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 2,166,072 | ||
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | [2] | 2,016,474 | 2,285,627 |
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Metals [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (108,809) | (545,578) | |
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Currencies [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 28,131 | 333,693 | |
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Energies [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 1,057,284 | 693,912 | |
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Agriculturals [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (139,494) | (27,708) | |
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Interest rates [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 1,351,605 | 1,052,987 | |
Realized Trading Revenue [Member] | Equinox Frontier Select Fund [Member] | Stock indices [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (172,243) | $ 778,321 | |
Realized Trading Revenue [Member] | Equinox Frontier Winton Fund [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | [2] | 2,528,723 | |
Realized Trading Revenue [Member] | Equinox Frontier Winton Fund [Member] | Metals [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (1,316,623) | ||
Realized Trading Revenue [Member] | Equinox Frontier Winton Fund [Member] | Currencies [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (89,124) | ||
Realized Trading Revenue [Member] | Equinox Frontier Winton Fund [Member] | Energies [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 894,793 | ||
Realized Trading Revenue [Member] | Equinox Frontier Winton Fund [Member] | Agriculturals [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 239,120 | ||
Realized Trading Revenue [Member] | Equinox Frontier Winton Fund [Member] | Interest rates [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 3,472,864 | ||
Realized Trading Revenue [Member] | Equinox Frontier Winton Fund [Member] | Stock indices [Member] | |||
Derivative [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | $ (672,307) | ||
[1] | In the Consolidated Statement of Operations under net realized gain/(loss) on futures, forwards and options | ||
[2] | Amounts recorded in the Statements of Operations under Net realized gain (loss) on futures forwards and options. |
Derivative Instruments and He44
Derivative Instruments and Hedging Activities - Net Change in Open Trade Equity from Futures, Forwards and Options (Detail) - USD ($) | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | ||
Equinox Frontier Select Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | $ 440,976 | $ 978,295 | |
Equinox Frontier Balanced Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 1,552,729 | (1,829,774) | |
Equinox Frontier Diversified Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 1,467,351 | (1,603,514) | |
Equinox Frontier Winton Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | (84,013) | (521,624) | |
Open Trade Equity (Deficit) [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | [1] | 4,154,281 | (10,301,441) |
Open Trade Equity (Deficit) [Member] | Equinox Frontier Select Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | [2] | (4,350) | (704,083) |
Open Trade Equity (Deficit) [Member] | Equinox Frontier Balanced Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | [2] | (17,640) | (1,365,815) |
Open Trade Equity (Deficit) [Member] | Equinox Frontier Diversified Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | [2] | (127,891) | |
Open Trade Equity (Deficit) [Member] | Equinox Frontier Winton Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | [2] | 76,154 | |
Open Trade Equity (Deficit) [Member] | Metals [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 104,184 | ||
Open Trade Equity (Deficit) [Member] | Metals [Member] | Equinox Frontier Select Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | (198,411) | 406,842 | |
Open Trade Equity (Deficit) [Member] | Metals [Member] | Equinox Frontier Balanced Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | (32,743) | 84,744 | |
Open Trade Equity (Deficit) [Member] | Metals [Member] | Equinox Frontier Diversified Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 169,599 | ||
Open Trade Equity (Deficit) [Member] | Metals [Member] | Equinox Frontier Winton Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | (490,237) | ||
Open Trade Equity (Deficit) [Member] | Currencies [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | (2,141,826) | (2,328,313) | |
Open Trade Equity (Deficit) [Member] | Currencies [Member] | Equinox Frontier Select Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 146,018 | 72,173 | |
Open Trade Equity (Deficit) [Member] | Currencies [Member] | Equinox Frontier Balanced Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | (565,832) | (201,541) | |
Open Trade Equity (Deficit) [Member] | Currencies [Member] | Equinox Frontier Diversified Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | (702,482) | ||
Open Trade Equity (Deficit) [Member] | Currencies [Member] | Equinox Frontier Winton Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | (162,275) | ||
Open Trade Equity (Deficit) [Member] | Energies [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 2,011,847 | (7,926,646) | |
Open Trade Equity (Deficit) [Member] | Energies [Member] | Equinox Frontier Select Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | (639,356) | (660,346) | |
Open Trade Equity (Deficit) [Member] | Energies [Member] | Equinox Frontier Balanced Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 247,539 | (545,488) | |
Open Trade Equity (Deficit) [Member] | Energies [Member] | Equinox Frontier Diversified Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | (310,222) | ||
Open Trade Equity (Deficit) [Member] | Energies [Member] | Equinox Frontier Winton Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | (125,218) | ||
Open Trade Equity (Deficit) [Member] | Agriculturals [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 564,823 | 187,764 | |
Open Trade Equity (Deficit) [Member] | Agriculturals [Member] | Equinox Frontier Select Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 10,560 | 78,938 | |
Open Trade Equity (Deficit) [Member] | Agriculturals [Member] | Equinox Frontier Balanced Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 37,881 | (104,841) | |
Open Trade Equity (Deficit) [Member] | Agriculturals [Member] | Equinox Frontier Diversified Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 294,460 | ||
Open Trade Equity (Deficit) [Member] | Agriculturals [Member] | Equinox Frontier Winton Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | (188,079) | ||
Open Trade Equity (Deficit) [Member] | Interest rates [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 1,745,123 | (190,205) | |
Open Trade Equity (Deficit) [Member] | Interest rates [Member] | Equinox Frontier Select Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 475,301 | (436,930) | |
Open Trade Equity (Deficit) [Member] | Interest rates [Member] | Equinox Frontier Balanced Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 281,778 | (247,430) | |
Open Trade Equity (Deficit) [Member] | Interest rates [Member] | Equinox Frontier Diversified Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | (313,845) | ||
Open Trade Equity (Deficit) [Member] | Interest rates [Member] | Equinox Frontier Winton Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 1,226,766 | ||
Open Trade Equity (Deficit) [Member] | Stock indices [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | (500,530) | (148,225) | |
Open Trade Equity (Deficit) [Member] | Stock indices [Member] | Equinox Frontier Select Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 201,538 | (164,760) | |
Open Trade Equity (Deficit) [Member] | Stock indices [Member] | Equinox Frontier Balanced Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 13,737 | (351,259) | |
Open Trade Equity (Deficit) [Member] | Stock indices [Member] | Equinox Frontier Diversified Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | $ 734,599 | ||
Open Trade Equity (Deficit) [Member] | Stock indices [Member] | Equinox Frontier Winton Fund [Member] | |||
Derivative Instruments, Gain (Loss) [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | $ (184,803) | ||
[1] | In the Consolidated Statement of Operations under net change in open trade equity (deficit), at fair value. | ||
[2] | Amounts recorded in the Statements of Operations under Net change in open trade equity (deficit). |
Derivative Instruments and He45
Derivative Instruments and Hedging Activities - Summary of Derivative Assets and Liabilities Disclosed on Statements of Financial Condition (Detail) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Swap [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | $ 37,515,643 | $ 40,136,065 |
Net Amounts Presented in the Statement of Financial Condition | 37,515,643 | 40,136,065 |
Total Open Trade Equity (Deficit) [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 2,141,256 | 2,101,541 |
Gross Amounts offset in the Statement of Financial Condition | (2,206,127) | (6,450,411) |
Net Amounts Presented in the Statement of Financial Condition | (64,871) | (4,348,870) |
Options Purchased [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 216,150 | 526,288 |
Net Amounts Presented in the Statement of Financial Condition | 216,150 | 526,288 |
Options Written [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts offset in the Statement of Financial Condition | (205,350) | (165,760) |
Net Amounts Presented in the Statement of Financial Condition | (205,350) | (165,760) |
Equinox Frontier Balanced Fund [Member] | Swap [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 16,955,814 | 19,157,520 |
Net Amounts Presented in the Statement of Financial Condition | 16,955,814 | 19,157,520 |
Equinox Frontier Balanced Fund [Member] | Total Open Trade Equity (Deficit) [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 257,286 | 26,882 |
Gross Amounts offset in the Statement of Financial Condition | (263,396) | (15,352) |
Net Amounts Presented in the Statement of Financial Condition | (6,110) | 11,530 |
Equinox Frontier Diversified Fund [Member] | Swap [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 7,445,618 | 8,685,849 |
Net Amounts Presented in the Statement of Financial Condition | 7,445,618 | 8,685,849 |
Equinox Frontier Long/Short Commodity Fund [Member] | Swap [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 4,256,848 | 4,332,428 |
Net Amounts Presented in the Statement of Financial Condition | 4,256,848 | 4,332,428 |
Equinox Frontier Heritage Fund [Member] | Swap [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 8,857,363 | 7,960,268 |
Net Amounts Presented in the Statement of Financial Condition | 8,857,363 | 7,960,268 |
Equinox Frontier Select Fund [Member] | Total Open Trade Equity (Deficit) [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 499,695 | 495,020 |
Gross Amounts offset in the Statement of Financial Condition | (41,706) | (32,681) |
Net Amounts Presented in the Statement of Financial Condition | 457,989 | 462,339 |
Equinox Frontier Winton Fund [Member] | Total Open Trade Equity (Deficit) [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Gross Amounts of recognized Derivative Assets | 675,733 | 768,118 |
Gross Amounts offset in the Statement of Financial Condition | (168,539) | |
Net Amounts Presented in the Statement of Financial Condition | $ 675,733 | $ 599,579 |
Trading Activities and Relate46
Trading Activities and Related Risks - Additional Information (Detail) | 3 Months Ended |
Mar. 31, 2016 | |
Trading Activity, Gains and Losses, Net [Line Items] | |
Percentage of loss realize by the holder of Units in Series | 100.00% |
The Series of Equinox Frontier Funds [Member] | |
Trading Activity, Gains and Losses, Net [Line Items] | |
Percentage of loss realize by the holder of Units in Series | 100.00% |
Maximum [Member] | |
Trading Activity, Gains and Losses, Net [Line Items] | |
Trading advisor's margin-to-equity ratio percentage | 35.00% |
Maximum [Member] | The Series of Equinox Frontier Funds [Member] | |
Trading Activity, Gains and Losses, Net [Line Items] | |
Trading advisor's margin-to-equity ratio percentage | 35.00% |
Derivative Instruments and He47
Derivative Instruments and Hedging Activities - Additional Information (Detail) - Equinox Frontier Funds [Member] - Future [Member] - Contracts | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Derivative [Line Items] | ||
Derivative Numbers of Instruments Bought | 9,689 | 10,923 |
Derivative Numbers of Instruments Sold | 9,587 | 10,975 |
Derivative Instruments and He48
Derivative Instruments and Hedging Activities - Unrealized Trading Revenue From Future, Forwards and Options (Detail) - USD ($) | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | ||
Realized Trading Revenue [Member] | |||
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | [1] | $ 8,055,316 | $ 39,987,665 |
Open Trade Equity (Deficit) [Member] | |||
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | [2] | 4,154,281 | (10,301,441) |
Metals [Member] | Realized Trading Revenue [Member] | |||
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (5,431,149) | (1,858,800) | |
Metals [Member] | Open Trade Equity (Deficit) [Member] | |||
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 104,184 | ||
Currencies [Member] | Realized Trading Revenue [Member] | |||
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (1,496,926) | 10,129,391 | |
Currencies [Member] | Open Trade Equity (Deficit) [Member] | |||
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | (2,141,826) | (2,328,313) | |
Energies [Member] | Realized Trading Revenue [Member] | |||
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 4,565,694 | 11,552,937 | |
Energies [Member] | Open Trade Equity (Deficit) [Member] | |||
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 2,011,847 | (7,926,646) | |
Agriculturals [Member] | Realized Trading Revenue [Member] | |||
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (984,627) | (148,685) | |
Agriculturals [Member] | Open Trade Equity (Deficit) [Member] | |||
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 564,823 | 187,764 | |
Interest rates [Member] | Realized Trading Revenue [Member] | |||
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | 12,614,651 | 9,920,908 | |
Interest rates [Member] | Open Trade Equity (Deficit) [Member] | |||
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | 1,745,123 | (190,205) | |
Stock indices [Member] | Realized Trading Revenue [Member] | |||
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | |||
Realized Trading Revenue from Futures, Forwards and Options | (1,212,327) | 10,391,914 | |
Stock indices [Member] | Open Trade Equity (Deficit) [Member] | |||
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | |||
Net Change in Open Trade Equity from Futures, Forwards and Options | $ (500,530) | $ (148,225) | |
[1] | In the Consolidated Statement of Operations under net realized gain/(loss) on futures, forwards and options | ||
[2] | In the Consolidated Statement of Operations under net change in open trade equity (deficit), at fair value. |