Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2022 | Nov. 14, 2022 | |
Document Information Line Items | ||
Entity Registrant Name | FRONTIER FUNDS | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 0 | |
Amendment Flag | false | |
Entity Central Index Key | 0001261379 | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Document Period End Date | Sep. 30, 2022 | |
Document Fiscal Year Focus | 2022 | |
Document Fiscal Period Focus | Q3 | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 000-51274 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 36-6815533 | |
Entity Address, Address Line One | 25568 Genesee Trail Road | |
Entity Address, City or Town | Golden | |
Entity Address, State or Province | CO | |
Entity Address, Postal Zip Code | 80401 | |
City Area Code | (303) | |
Local Phone Number | 454-5500 | |
Entity Interactive Data Current | Yes |
Statements of Financial Conditi
Statements of Financial Condition - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | $ 98,597 | $ 165,491 |
U.S. Treasury securities, at fair value | 81,003 | 33,274 |
Investments in private investment companies, at fair value | 3,323,801 | 2,838,658 |
Investments in unconsolidated trading companies, at fair value | 36,610 | 30,788 |
Interest receivable | 677 | 717 |
Total Assets | 3,540,688 | 3,068,928 |
LIABILITIES | ||
Redemptions payable | ||
Interest payable to Managing Owner | ||
Service fees payable to Managing Owner | 95 | 83 |
Trading fees payable to Managing Owner | 10,189 | 9,217 |
Subscriptions in advance for service fee rebates | 22,650 | 22,650 |
Other liabilities | 2,143 | 3,838 |
Total Liabilities | 35,077 | 35,788 |
CAPITAL | ||
Total Owners’ Capital | 3,505,611 | 3,033,140 |
Non-Controlling Interests | ||
Total Capital | 3,505,611 | 3,033,140 |
Total Liabilities and Owners’ Capital | 3,540,688 | 3,068,928 |
The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 49,740 | 76,703 |
U.S. Treasury securities, at fair value | 40,864 | 15,422 |
Investments in private investment companies, at fair value | 916,743 | 638,376 |
Investments in unconsolidated trading companies, at fair value | 18,469 | 14,270 |
Interest receivable | 341 | 332 |
Total Assets | 1,026,157 | 745,103 |
LIABILITIES | ||
Redemptions payable | ||
Interest payable to Managing Owner | ||
Service fees payable to Managing Owner | 51 | 43 |
Trading fees payable to Managing Owner | 4,885 | 3,882 |
Subscriptions in advance for service fee rebates | 31,725 | 31,725 |
Other liabilities | 1,081 | 1,779 |
Total Liabilities | 37,742 | 37,429 |
CAPITAL | ||
Total Owners’ Capital | 988,415 | 707,674 |
Non-Controlling Interests | ||
Total Capital | 988,415 | 707,674 |
Total Liabilities and Owners’ Capital | 1,026,157 | 745,103 |
The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 57,674 | 40,528 |
U.S. Treasury securities, at fair value | 47,383 | 8,148 |
Investments in private investment companies, at fair value | 1,555,790 | 1,209,022 |
Investments in unconsolidated trading companies, at fair value | 21,415 | 7,541 |
Interest receivable | 396 | 176 |
Total Assets | 1,682,658 | 1,265,415 |
LIABILITIES | ||
Redemptions payable | 20,299 | |
Interest payable to Managing Owner | 64 | 32 |
Service fees payable to Managing Owner | 25 | 19 |
Trading fees payable to Managing Owner | 3,751 | 3,407 |
Subscriptions in advance for service fee rebates | 393 | 393 |
Other liabilities | 1,254 | 941 |
Total Liabilities | 5,487 | 25,091 |
CAPITAL | ||
Total Owners’ Capital | 1,677,171 | 1,240,324 |
Non-Controlling Interests | ||
Total Capital | 1,677,171 | 1,240,324 |
Total Liabilities and Owners’ Capital | 1,682,658 | 1,265,415 |
The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 151,759 | 188,010 |
U.S. Treasury securities, at fair value | 124,679 | 37,801 |
Open trade equity, at fair value | 4,615 | 14,836 |
Receivable from futures commission merchants | 1,129,626 | 818,362 |
Investments in private investment companies, at fair value | 10,982,509 | 8,928,481 |
Investments in unconsolidated trading companies, at fair value | 56,350 | 34,977 |
Interest receivable | 1,041 | 815 |
Total Assets | 12,450,579 | 10,023,282 |
LIABILITIES | ||
Redemptions payable | 20,382 | |
Incentive fees payable to Managing Owner | 120,365 | 54,702 |
Management fees payable to Managing Owner | 1,621 | 1,431 |
Interest payable to Managing Owner | 447 | 957 |
Service fees payable to Managing Owner | 19,187 | 18,314 |
Trading fees payable to Managing Owner | 38,932 | 32,970 |
Risk analysis fees payable to Managing Owner | 10,411 | 10,380 |
Payables to related parties | ||
Subscriptions in advance for service fee rebates | 386,354 | 369,341 |
Other liabilities | 3,355 | 5,772 |
Total Liabilities | 580,672 | 514,249 |
CAPITAL | ||
Total Owners’ Capital | 11,869,907 | 9,509,033 |
Non-Controlling Interests | ||
Total Capital | 11,869,907 | 9,509,033 |
Total Liabilities and Owners’ Capital | 12,450,579 | 10,023,282 |
The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 53,083 | 51,140 |
U.S. Treasury securities, at fair value | 43,611 | 10,282 |
Open trade equity, at fair value | ||
Receivable from futures commission merchants | ||
Investments in private investment companies, at fair value | 2,175,339 | 1,374,376 |
Investments in unconsolidated trading companies, at fair value | 19,710 | 9,514 |
Interest receivable | 364 | 222 |
Total Assets | 2,292,107 | 1,445,534 |
LIABILITIES | ||
Redemptions payable | 13,913 | |
Incentive fees payable to Managing Owner | ||
Management fees payable to Managing Owner | ||
Interest payable to Managing Owner | 423 | 196 |
Service fees payable to Managing Owner | 4,667 | 3,524 |
Trading fees payable to Managing Owner | 5,056 | 3,682 |
Risk analysis fees payable to Managing Owner | ||
Payables to related parties | ||
Subscriptions in advance for service fee rebates | 21,807 | 21,076 |
Other liabilities | 1,155 | 1,186 |
Total Liabilities | 47,021 | 29,664 |
CAPITAL | ||
Total Owners’ Capital | 2,245,086 | 1,415,870 |
Non-Controlling Interests | ||
Total Capital | 2,245,086 | 1,415,870 |
Total Liabilities and Owners’ Capital | 2,292,107 | 1,445,534 |
The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 179,728 | 128,021 |
U.S. Treasury securities, at fair value | 147,657 | 25,740 |
Investments in private investment companies, at fair value | 3,328,234 | 2,137,382 |
Investments in unconsolidated trading companies, at fair value | 66,735 | 23,818 |
Interest receivable | 1,233 | 555 |
Total Assets | 3,723,587 | 2,315,516 |
LIABILITIES | ||
Redemptions payable | 27,561 | |
Interest payable to Managing Owner | 818 | 312 |
Service fees payable to Managing Owner | 7,480 | 4,986 |
Trading fees payable to Managing Owner | 13,001 | 9,533 |
Subscriptions in advance for service fee rebates | 161,462 | 158,810 |
Other liabilities | 3,908 | 2,973 |
Total Liabilities | 186,669 | 204,175 |
CAPITAL | ||
Total Owners’ Capital | 3,536,918 | 2,111,341 |
Non-Controlling Interests | ||
Total Capital | 3,536,918 | 2,111,341 |
Total Liabilities and Owners’ Capital | 3,723,587 | 2,315,516 |
The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | ||
ASSETS | ||
Cash and cash equivalents | 146,099 | 48,839 |
U.S. Treasury securities, at fair value | 120,029 | 9,820 |
Investments in private investment companies, at fair value | 3,799,676 | 2,338,774 |
Investments in unconsolidated trading companies, at fair value | 54,249 | 9,087 |
Interest receivable | 1,003 | 212 |
Total Assets | 4,121,056 | 2,406,732 |
LIABILITIES | ||
Redemptions payable | ||
Interest payable to Managing Owner | 778 | 217 |
Service fees payable to Managing Owner | 7,555 | 4,950 |
Trading fees payable to Managing Owner | 12,420 | 8,307 |
Subscriptions in advance for service fee rebates | 77,073 | 69,814 |
Other liabilities | 3,178 | 1,136 |
Total Liabilities | 101,004 | 84,424 |
CAPITAL | ||
Total Owners’ Capital | 4,020,052 | 2,322,308 |
Non-Controlling Interests | ||
Total Capital | 4,020,052 | 2,322,308 |
Total Liabilities and Owners’ Capital | 4,121,056 | 2,406,732 |
Frontier Funds [Member] | ||
ASSETS | ||
Cash and cash equivalents | 736,680 | 698,732 |
U.S. Treasury securities, at fair value | 605,226 | 140,487 |
Open trade equity, at fair value | 4,615 | 14,836 |
Receivable from futures commission merchants | 1,129,626 | 818,362 |
Investments in private investment companies, at fair value | 26,355,630 | 19,595,064 |
Interest receivable | 5,055 | 3,029 |
Total Assets | 28,836,832 | 21,270,510 |
LIABILITIES | ||
Redemptions payable | 13,913 | 68,242 |
Incentive fees payable to Managing Owner | 120,365 | 54,702 |
Management fees payable to Managing Owner | 1,621 | 1,431 |
Interest payable to Managing Owner | 2,530 | 1,714 |
Service fees payable to Managing Owner | 39,060 | 31,919 |
Trading fees payable to Managing Owner | 88,234 | 70,998 |
Risk analysis fees payable to Managing Owner | 10,411 | 10,380 |
Subscriptions in advance for service fee rebates | 701,464 | 673,809 |
Other liabilities | 16,074 | 17,625 |
Total Liabilities | 993,672 | 930,820 |
CAPITAL | ||
Managing Owner Units | 289,333 | 214,522 |
Limited Owner Units | 27,553,827 | 20,125,168 |
Total Owners’ Capital | 27,843,160 | 20,339,690 |
Total Liabilities and Owners’ Capital | 28,836,832 | 21,270,510 |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | 10,250 | 7,870 |
Limited Owner Units | $ 472,202 | $ 373,647 |
Units Outstanding | ||
Units Outstanding (in Shares) | 4,163 | 4,288 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 115.89 | $ 88.98 |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | $ 6,858 | $ 3,781 |
Limited Owner Units | $ 264,878 | $ 194,618 |
Units Outstanding | ||
Units Outstanding (in Shares) | 2,136 | 2,828 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 127.27 | $ 70.17 |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | $ 3,983 | $ 4,121 |
Limited Owner Units | $ 31,192 | $ 21,045 |
Units Outstanding | ||
Units Outstanding (in Shares) | 264 | 280 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 133.35 | $ 89.97 |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | $ 65,002 | $ 43,148 |
Limited Owner Units | $ 2,136,513 | $ 1,489,930 |
Units Outstanding | ||
Units Outstanding (in Shares) | 10,483 | 10,998 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 210.01 | $ 139.4 |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | $ 22,995 | $ 14,981 |
Limited Owner Units | $ 87,655 | $ 56,112 |
Units Outstanding | ||
Units Outstanding (in Shares) | 620 | 677 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 178.47 | $ 105.1 |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | $ 36,040 | $ 25,029 |
Limited Owner Units | $ 134,108 | $ 159,984 |
Units Outstanding | ||
Units Outstanding (in Shares) | 471 | 1,086 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 361.55 | $ 170.4 |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | $ 40,711 | $ 23,919 |
Limited Owner Units | $ 271,535 | $ 170,897 |
Units Outstanding | ||
Units Outstanding (in Shares) | 917 | 1,127 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 340.53 | $ 172.91 |
Class 2a [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Class 2a [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Class 2a [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | $ 11,314 | $ 7,619 |
Limited Owner Units | $ 113,213 | $ 76,239 |
Units Outstanding | ||
Units Outstanding (in Shares) | 1,428 | 1,428 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 87.24 | $ 58.75 |
Class 2a [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | $ 61,520 | $ 56,328 |
Units Outstanding | ||
Units Outstanding (in Shares) | 338 | 466 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 182.17 | $ 120.98 |
Class 2a [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Class 3 [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | $ 25,827 | $ 22,677 |
Limited Owner Units | $ 2,997,332 | $ 2,628,946 |
Units Outstanding | ||
Units Outstanding (in Shares) | 27,726 | 31,733 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 109.03 | $ 83.56 |
Class 3 [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | $ 3,173 | $ 3,933 |
Limited Owner Units | $ 713,506 | $ 505,342 |
Units Outstanding | ||
Units Outstanding (in Shares) | 5,962 | 7,699 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 120.21 | $ 66.15 |
Class 3 [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | ||
Limited Owner Units | $ 1,213,860 | $ 923,058 |
Units Outstanding | ||
Units Outstanding (in Shares) | 8,677 | 9,780 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 139.89 | $ 94.38 |
Class 3a [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Class 3a [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Class 3a [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | ||
CAPITAL | ||
Managing Owner Units | $ 1,660 | $ 1,116 |
Limited Owner Units | $ 301,949 | $ 207,126 |
Units Outstanding | ||
Units Outstanding (in Shares) | 3,283 | 3,351 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 92.47 | $ 62.16 |
Class 3a [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
CAPITAL | ||
Limited Owner Units | $ 575,529 | $ 381,759 |
Units Outstanding | ||
Units Outstanding (in Shares) | 3,166 | 3,166 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 181.77 | $ 120.57 |
Class 3a [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
CAPITAL | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Class 1 [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
CAPITAL | ||
Limited Owner Units | $ 8,939,937 | $ 7,471,841 |
Units Outstanding | ||
Units Outstanding (in Shares) | 73,280 | 90,219 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 122 | $ 82.82 |
Class 1 [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
CAPITAL | ||
Limited Owner Units | $ 2,117,017 | $ 1,334,518 |
Units Outstanding | ||
Units Outstanding (in Shares) | 20,113 | 21,051 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 105.26 | $ 63.39 |
Class 1 [Member] | The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | ||
CAPITAL | ||
Limited Owner Units | $ 3,366,770 | $ 1,926,328 |
Units Outstanding | ||
Units Outstanding (in Shares) | 14,827 | 17,600 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 227.06 | $ 109.45 |
Class 1 [Member] | The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | ||
CAPITAL | ||
Limited Owner Units | $ 3,691,574 | $ 2,119,250 |
Units Outstanding | ||
Units Outstanding (in Shares) | 18,535 | 20,491 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 199.16 | $ 103.43 |
Class 1AP [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
CAPITAL | ||
Limited Owner Units | $ 91,406 | $ 66,027 |
Units Outstanding | ||
Units Outstanding (in Shares) | 587 | 639 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 155.73 | $ 103.38 |
Class 1AP [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
CAPITAL | ||
Limited Owner Units | $ 17,419 | $ 10,259 |
Units Outstanding | ||
Units Outstanding (in Shares) | 129 | 129 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 134.49 | $ 79.21 |
Class 1AP [Member] | The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | ||
CAPITAL | ||
Limited Owner Units | ||
Units Outstanding | ||
Units Outstanding (in Shares) | ||
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | ||
Class 1AP [Member] | The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | ||
CAPITAL | ||
Limited Owner Units | $ 16,232 | $ 8,242 |
Units Outstanding | ||
Units Outstanding (in Shares) | 64 | 64 |
Net Asset Value per Unit | ||
Net Asset Value per Unit (in Dollars per share) | $ 254.45 | $ 129.19 |
Condensed Schedule of Investmen
Condensed Schedule of Investments (Unaudited) - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 | |
Private Investment Companies [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 3,323,801 | $ 2,838,658 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 94.82% | 93.59% |
Private Investment Companies [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 916,743 | $ 638,376 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 92.75% | 90.21% |
Private Investment Companies [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 1,555,790 | $ 1,209,022 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 92.76% | 97.48% |
Private Investment Companies [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 10,982,509 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 92.52% | |
Private Investment Companies [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 2,175,339 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 96.89% | |
Private Investment Companies [Member] | The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 3,328,234 | $ 2,137,382 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 94.10% | 101.23% |
Private Investment Companies [Member] | The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 3,799,676 | $ 2,338,774 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 94.52% | 100.71% |
Private Investment Companies [Member] | Parent Company [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 26,355,630 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 94.65% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 243,821 | $ 875,796 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 6.96% | 28.87% |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 422,888 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 3.56% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Parent Company [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 666,709 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 2.39% | |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 348,338 | $ 185,705 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 9.94% | 6.12% |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 1,394,751 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 11.75% | |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Parent Company [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 1,743,089 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 6.26% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 819,529 | $ 453,710 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 23.38% | 14.96% |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 2,166,905 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 18.26% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Parent Company [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 2,986,434 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 10.73% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 910,493 | $ 663,002 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 25.97% | 21.86% |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 365,617 | $ 279,895 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 36.99% | 39.55% |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 2,288,926 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 19.28% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 3,328,234 | $ 2,137,382 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 94.10% | 101.23% |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 2,727,485 | $ 1,614,360 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 67.85% | 69.52% |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Parent Company [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 9,620,757 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 34.55% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 693,751 | $ 386,996 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 19.79% | 12.76% |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 289,508 | $ 193,269 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 29.29% | 27.31% |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 695,687 | $ 482,639 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 41.48% | 38.91% |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 2,892,368 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 24.37% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 1,420,853 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 63.29% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | ||
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 1,072,191 | $ 724,414 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 26.67% | 31.19% |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Parent Company [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 7,064,356 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 25.37% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 307,869 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 8.78% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 261,618 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 26.47% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 1,816,671 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 15.30% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 754,486 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 33.61% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Parent Company [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 3,140,644 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 11.28% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 346,108 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 20.64% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | Parent Company [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 346,110 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 1.24% | |
Private Investment Companies [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | 0% |
Private Investment Companies [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 513,995 | $ 474,234 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 30.65% | 38.23% |
Private Investment Companies [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | Parent Company [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 513,993 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 1.85% | |
Private Investment Companies [Member] | Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 273,449 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 9.02% | |
Private Investment Companies [Member] | Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 165,212 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 23.35% | |
Private Investment Companies [Member] | Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | |
Private Investment Companies [Member] | Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | |
Private Investment Companies [Member] | Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0% | |
Private Investment Companies [Member] | Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 252,149 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 20.33% | |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Fit Feeder Fund (535) LLC [Member] | Parent Company [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 273,538 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 0.98% | |
Investment in Unconsolidated Trading Companies [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 36,610 | $ 30,788 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.04% | 1.02% |
Investment in Unconsolidated Trading Companies [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 18,469 | $ 14,270 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.87% | 2.02% |
Investment in Unconsolidated Trading Companies [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 21,415 | $ 7,541 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.28% | 0.61% |
Investment in Unconsolidated Trading Companies [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 56,350 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.47% | |
Investment in Unconsolidated Trading Companies [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 19,710 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.88% | |
Investment in Unconsolidated Trading Companies [Member] | The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 66,735 | $ 23,818 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.89% | 1.13% |
Investment in Unconsolidated Trading Companies [Member] | The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 54,249 | $ 9,087 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.35% | 0.39% |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 36,610 | $ 30,788 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.04% | 1.02% |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 18,469 | $ 14,270 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.87% | 2.02% |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 21,415 | $ 7,541 |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.28% | 0.61% |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 56,350 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.47% | |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 19,710 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.88% | |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 23,818 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.13% | |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 9,087 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 0.39% | |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 66,735 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.89% | |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [1] | $ 54,249 | |
Investment Owned, % of Total Capital (Net Asset Value) | [1] | 1.35% | |
US Treasury Securities [Member] | Parent Company [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | $ 605,226 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 2.17% | ||
US Treasury Securities [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 81,003 | $ 33,274 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 2.31% | 1.10% |
US Treasury Securities [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 40,864 | $ 15,422 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 4.13% | 2.18% |
US Treasury Securities [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 47,383 | $ 8,148 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 2.83% | 0.66% |
US Treasury Securities [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 124,679 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 1.05% | |
US Treasury Securities [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 43,611 | |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 1.94% | |
US Treasury Securities [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 147,657 | $ 25,740 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 4.17% | 1.22% |
US Treasury Securities [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 120,029 | $ 9,820 |
Investment Owned, % of Total Capital (Net Asset Value) | [2] | 2.99% | 0.42% |
US Treasury Securities [Member] | US Treasury Note [Member] | Parent Company [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | $ 605,226 | ||
Investment Owned, % of Total Capital (Net Asset Value) | 2.17% | ||
Additional Disclosure on U.S. Treasury Securities [Member | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | $ 75,819 | $ 27,592 |
Additional Disclosure on U.S. Treasury Securities [Member | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | 38,250 | 12,789 |
Additional Disclosure on U.S. Treasury Securities [Member | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | 44,351 | 6,757 |
Additional Disclosure on U.S. Treasury Securities [Member | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | 116,702 | |
Additional Disclosure on U.S. Treasury Securities [Member | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | 40,820 | |
Additional Disclosure on U.S. Treasury Securities [Member | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | 138,209 | 21,345 |
Additional Disclosure on U.S. Treasury Securities [Member | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | 112,349 | 8,143 |
Additional Disclosure on U.S. Treasury Securities [Member | Cost [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | 83,091 | 33,709 |
Additional Disclosure on U.S. Treasury Securities [Member | Cost [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | 41,918 | 15,624 |
Additional Disclosure on U.S. Treasury Securities [Member | Cost [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | 48,604 | 8,255 |
Additional Disclosure on U.S. Treasury Securities [Member | Cost [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | 127,892 | |
Additional Disclosure on U.S. Treasury Securities [Member | Cost [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | 44,735 | |
Additional Disclosure on U.S. Treasury Securities [Member | Cost [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | 151,463 | 26,077 |
Additional Disclosure on U.S. Treasury Securities [Member | Cost [Member] | US Treasury Note [Member] | The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [2] | 123,123 | $ 9,948 |
Long Futures Contracts [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | $ 4,615 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.04% | |
Long Futures Contracts [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0% | |
Long Futures Contracts [Member] | Parent Company [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | $ 4,615 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.02% | |
Long Futures Contracts [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | $ 4,615 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.04% | |
Long Futures Contracts [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0% | |
Long Futures Contracts [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | Parent Company [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | $ 4,615 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.02% | |
Open Trade Equity (Deficit) [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | $ 4,615 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.04% | |
Open Trade Equity (Deficit) [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | ||
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0% | |
Open Trade Equity (Deficit) [Member] | Parent Company [Member] | |||
PRIVATE INVESTMENT COMPANIES (2) | |||
Investment Owned, Fair Value | [3] | $ 4,615 | |
Investment Owned, % of Total Capital (Net Asset Value) | [3] | 0.02% | |
[1]See Note 5 to the Financial Statements.[2]See Note 2 to the Financial Statements.[3]Except for those items disclosed, no individual futures, or forwards position constituted greater than 1 percent of Net Asset Value. Accordingly, the number of contracts and expiration dates are not presented. |
Condensed Schedule of Investm_2
Condensed Schedule of Investments (Unaudited) (Parentheticals) | Sep. 30, 2022 USD ($) |
US Treasury Securities [Member] | US Treasury Note [Member] | Parent Company [Member] | |
Investment Owned, at Cost | $ 620,826 |
Condensed Schedule of futures c
Condensed Schedule of futures contracts and investment companies (Unaudited) - The Series of Frontier Funds [Member] | Dec. 31, 2021 USD ($) | |
Various stock index futures contracts (Canada) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (5,194) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.05%) | [1] |
Various stock index futures contracts (Canada) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (511,556) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (2.52%) | [1] |
LONG FUTURES CONTRACTS [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (511,556) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (5.37%) | [1] |
LONG FUTURES CONTRACTS [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various agriculture futures contracts (Far East) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 10,141 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.05% | [1] |
LONG FUTURES CONTRACTS [Member] | Various agriculture futures contracts (Far East) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 10,141 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.11% | [1] |
LONG FUTURES CONTRACTS [Member] | Various agriculture futures contracts (Far East) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (Europe) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (21,640) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.11%) | [1] |
LONG FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (Europe) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (21,640) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.23%) | [1] |
LONG FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (Europe) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 51,912 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.26% | [1] |
LONG FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 51,912 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.55% | [1] |
LONG FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 20,031 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.10% | [1] |
LONG FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 20,031 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.21% | [1] |
LONG FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various Currency Futures Contracts (Europe) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,994 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | [1] |
LONG FUTURES CONTRACTS [Member] | Various Currency Futures Contracts (Europe) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,994 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.02% | [1] |
LONG FUTURES CONTRACTS [Member] | Various Currency Futures Contracts (Europe) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 819 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 819 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | [1] |
LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various Currency Futures Contracts (Latin America) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 6,710 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.03% | [1] |
LONG FUTURES CONTRACTS [Member] | Various Currency Futures Contracts (Latin America) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 6,710 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.07% | [1] |
LONG FUTURES CONTRACTS [Member] | Various Currency Futures Contracts (Latin America) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (9,800) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.05%) | [1] |
LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (9,800) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.10%) | [1] |
LONG FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 34 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 34 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various Interest Rates Futures Contracts (Europe) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (718,038) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (3.53%) | [1] |
LONG FUTURES CONTRACTS [Member] | Various Interest Rates Futures Contracts (Europe) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (718,038) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (7.55%) | [1] |
LONG FUTURES CONTRACTS [Member] | Various Interest Rates Futures Contracts (Europe) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various Interest Rates Futures Contracts (Far East) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (10,418) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.05%) | [1] |
LONG FUTURES CONTRACTS [Member] | Various Interest Rates Futures Contracts (Far East) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (10,418) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.11%) | [1] |
LONG FUTURES CONTRACTS [Member] | Various Interest Rates Futures Contracts (Far East) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (7,281) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.04%) | [1] |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (7,281) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.08%) | [1] |
LONG FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various precious metal futures contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 19,168 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.09% | [1] |
LONG FUTURES CONTRACTS [Member] | Various precious metal futures contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 19,168 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.20% | [1] |
LONG FUTURES CONTRACTS [Member] | Various precious metal futures contracts (U.S.) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 138,674 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.68% | [1] |
LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 138,674 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 1.46% | [1] |
LONG FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,508 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | [1] |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,508 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.02% | [1] |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,541 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | [1] |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,542 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.02% | [1] |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,236 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | [1] |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,236 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | [1] |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,853 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.01% | [1] |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,853 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.02% | [1] |
LONG FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 526,392 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 2.57% | [1] |
SHORT FUTURES CONTRACTS [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 526,392 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 5.56% | [1] |
SHORT FUTURES CONTRACTS [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various agriculture futures contracts (Far East) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (27,804) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.14%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (Europe) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 20,105 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.10% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (Europe) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 20,105 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.21% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (Europe) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (11,749) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.06%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (11,749) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.12%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Agriculture Futures Contracts (U.S.) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (29,574) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.15%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (29,574) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.31%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Base Metals Futures Contracts (U.S.) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Currency Futures Contracts (Europe) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (18,181) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.09%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Currency Futures Contracts (Europe) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (18,181) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.19%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Currency Futures Contracts (Europe) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (1,110) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (1,110) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (Far East) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Currency Futures Contracts (Latin America) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (21,340) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.10%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Currency Futures Contracts (Latin America) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (21,340) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.22%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Currency Futures Contracts (Latin America) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 6,288 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.03% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 6,288 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.07% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various currency futures contracts (U.S.) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (10,792) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.05%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (10,792) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.11%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various energy futures contracts (U.S.) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Interest Rates Futures Contracts (Europe) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 785,677 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 3.86% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Interest Rates Futures Contracts (Europe) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 785,677 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 8.26% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various Interest Rates Futures Contracts (Europe) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (625) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (625) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various interest rates futures contracts (U.S.) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various precious metal futures contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (38,573) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.19%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various precious metal futures contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (38,573) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.41%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various precious metal futures contracts (U.S.) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (110,902) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.55%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (110,902) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (1.17%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various soft futures contracts (U.S.) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (5,157) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.03%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (5,157) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.05%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Europe) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (2,191) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (2,191) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.02%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Far East) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (2,217) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.01%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (2,217) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.02%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Oceanic) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (Canada) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (5,194) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.03%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (27,804) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | (0.29%) | [1] |
SHORT FUTURES CONTRACTS [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (269) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ (269) | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
SHORT FUTURES CONTRACTS [Member] | Various stock index futures contracts (U.S.) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
Open Trade Equity (Deficit) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 14,836 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.05% | [1] |
Open Trade Equity (Deficit) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 14,836 | [1] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.19% | [1] |
Open Trade Equity (Deficit) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [1] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [1] |
Private Investment Companies [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 19,595,064 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 96.33% | [2] |
Private Investment Companies [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 8,928,481 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 93.90% | [3] |
Private Investment Companies [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,374,376 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 97.07% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 2,765,907 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 13.60% | [2] |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,890,115 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 19.88% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [3] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,005,707 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 4.94% | [2] |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 820,002 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 8.62% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [3] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,588,673 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 7.81% | [2] |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,134,963 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 11.94% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [3] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 6,352,866 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 31.23% | [2] |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,658,225 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 17.44% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | [3] | |
Investment Owned, % of Total Capital (Net Asset Value) | 0% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 4,616,381 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 22.70% | [2] |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 2,032,209 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 21.37% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 796,855 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 56.28% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 1,392,967 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 14.65% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 577,521 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 40.79% | [3] |
Private Investment Companies [Member] | Galaxy Plus Fund - Quest Fit Feeder Fund (535) LLC [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 129,995 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.64% | [2] |
Private Investment Companies [Member] | Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 252,149 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 1.24% | [2] |
Private Investment Companies [Member] | Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 474,234 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 2.33% | [2] |
Investment in Unconsolidated Trading Companies [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 34,977 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.37% | [3] |
Investment in Unconsolidated Trading Companies [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 9,514 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.67% | [3] |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 34,977 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.37% | [3] |
Investment in Unconsolidated Trading Companies [Member] | Frontier Trading Company XXXVIII, LLC [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 9,514 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.67% | [3] |
US Treasury Securities [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 140,487 | |
Investment Owned, % of Total Capital (Net Asset Value) | 0.69% | |
US Treasury Securities [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 37,801 | [4] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.40% | [4] |
US Treasury Securities [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 10,282 | [4] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.73% | [4] |
US Treasury Securities [Member] | US Treasury Note [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 140,487 | [3] |
Investment Owned, % of Total Capital (Net Asset Value) | 0.69% | [3] |
Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Securities [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 31,347 | [4] |
Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Securities [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | 8,527 | [4] |
Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Securities [Member] | Frontier Balanced Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | 38,296 | [4] |
Additional Disclosure on U.S. Treasury Securities [Member] | US Treasury Securities [Member] | Frontier Select Fund [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | 10,417 | [4] |
Bank Loan Obligations [Member] | Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) [Member] | ||
LONG FUTURES CONTRACTS* | ||
Investment Owned, Fair Value | $ 2,409,149 | [2] |
Investment Owned, % of Total Capital (Net Asset Value) | 11.84% | [2] |
[1]Except for those items disclosed, no individual futures, or forwards position constituted greater than 1 percent of Net Asset Value. Accordingly, the number of contracts and expiration dates are not presented.[2] See Notes to Consolidated Financial Statements, Note 5. |
Condensed Schedule of futures_2
Condensed Schedule of futures contracts and investment companies (Unaudited) (Parentheticals) | Dec. 31, 2021 USD ($) |
The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |
Investment Owned, at Cost | $ 142,326 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
The Series of the Frontier Funds [Member] | Frontier Diversified Fund [Member] | ||||
Investment income: | ||||
Interest - net | $ 1,734 | $ 1,208 | $ 4,511 | $ 2,832 |
Total Income/(loss) | 1,734 | 1,208 | 4,511 | 2,832 |
Expenses: | ||||
Service Fees - Class 1 | 285 | 310 | 850 | 1,860 |
Due Diligence Fees | 1,008 | 1,008 | 3,110 | 3,317 |
Trading Fees | 30,682 | 29,513 | 92,978 | 97,487 |
Total Expenses | 31,975 | 30,831 | 96,938 | 102,664 |
Investment income/(loss) - net | (30,241) | (29,623) | (92,427) | (99,832) |
Realized and unrealized gain/(loss) on investments: | ||||
Net unrealized gain/(loss) on private investment companies | (103,619) | (140,588) | 1,118,275 | 163,133 |
Net realized gain/(loss) on private investment companies | 167,361 | 2,163 | (130,808) | 67,391 |
Net realized gain/(loss) on U.S. Treasury securities | (2,315) | (1,761) | (6,139) | (3,079) |
Net unrealized gain/(loss) on U.S. Treasury securities | (2,517) | 1,246 | (3,411) | (420) |
Change in fair value of investments in unconsolidated trading companies | 7,026 | 66 | 23,672 | 5,538 |
Net gain/(loss) on investments | 65,936 | (138,874) | 1,001,589 | 232,563 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | 35,695 | (168,497) | 909,162 | 132,731 |
Less: Operations attributable to non-controlling interests | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | 35,695 | (168,497) | 909,162 | 132,731 |
The Series of the Frontier Funds [Member] | Frontier Masters Fund [Member] | ||||
Investment income: | ||||
Interest - net | 772 | 597 | 2,026 | 2,429 |
Total Income/(loss) | 772 | 597 | 2,026 | 2,429 |
Expenses: | ||||
Service Fees - Class 1 | 149 | 135 | 416 | 492 |
Due Diligence Fees | 260 | 241 | 749 | 790 |
Trading Fees | 14,561 | 12,339 | 40,425 | 40,507 |
Total Expenses | 14,970 | 12,715 | 41,590 | 41,789 |
Investment income/(loss) - net | (14,198) | (12,118) | (39,564) | (39,360) |
Realized and unrealized gain/(loss) on investments: | ||||
Net unrealized gain/(loss) on private investment companies | 27,026 | 42,074 | 652,892 | 124,384 |
Net realized gain/(loss) on private investment companies | 58,378 | (12,631) | (133,152) | 1,561 |
Net realized gain/(loss) on U.S. Treasury securities | (1,203) | (906) | (3,043) | (2,145) |
Net unrealized gain/(loss) on U.S. Treasury securities | (931) | 534 | (744) | (96) |
Change in fair value of investments in unconsolidated trading companies | 2,849 | 322 | 8,778 | 12,123 |
Net gain/(loss) on investments | 86,119 | 29,393 | 524,731 | 135,827 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | 71,921 | 17,275 | 485,167 | 96,467 |
Less: Operations attributable to non-controlling interests | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | 71,921 | 17,275 | 485,167 | 96,467 |
The Series of the Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | ||||
Investment income: | ||||
Interest - net | 1,025 | 628 | 2,378 | 2,931 |
Total Income/(loss) | 1,025 | 628 | 2,378 | 2,931 |
Expenses: | ||||
Service Fees - Class 1 | 75 | 58 | 201 | 170 |
Due Diligence Fees | 124 | 98 | 336 | 285 |
Trading Fees | 11,590 | 10,055 | 30,640 | 28,870 |
Total Expenses | 11,789 | 10,211 | 31,177 | 29,325 |
Investment income/(loss) - net | (10,764) | (9,583) | (28,799) | (26,394) |
Realized and unrealized gain/(loss) on investments: | ||||
Net unrealized gain/(loss) on private investment companies | 43,267 | 20,671 | 545,724 | 195,759 |
Net realized gain/(loss) on private investment companies | 15,286 | (1,340) | 41,277 | 21,756 |
Net realized gain/(loss) on U.S. Treasury securities | (2,045) | (1,169) | (4,475) | (3,513) |
Net unrealized gain/(loss) on U.S. Treasury securities | (1,563) | 774 | (1,596) | 131 |
Change in fair value of investments in unconsolidated trading companies | 4,928 | 388 | 13,196 | 13,296 |
Net gain/(loss) on investments | 59,873 | 19,324 | 594,126 | 227,429 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | 49,109 | 9,741 | 565,327 | 201,035 |
Less: Operations attributable to non-controlling interests | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | 49,109 | 9,741 | 565,327 | 201,035 |
The Series of the Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||||
Investment income: | ||||
Interest - net | 87 | 245 | ||
Total Income/(loss) | 87 | 245 | ||
Expenses: | ||||
Incentive Fees (rebate) | 119,673 | 54,924 | 213,064 | 104,764 |
Interest - net | 930 | 2,054 | ||
Management Fees | 4,568 | 4,764 | 13,446 | 13,978 |
Service Fees - Class 1 | 64,895 | 62,976 | 201,554 | 195,972 |
Risk analysis Fees | 1,370 | 1,429 | 4,034 | 4,193 |
Trading Fees | 122,548 | 108,142 | 357,046 | 332,131 |
Total Expenses | 313,984 | 232,235 | 791,198 | 651,038 |
Investment income/(loss) - net | (313,984) | (232,148) | (791,198) | (650,793) |
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on futures, forwards and options | 512,060 | 93,883 | 831,679 | 574,605 |
Net unrealized gain/(loss) on private investment companies | (512,162) | (184,050) | 4,449,986 | 570,451 |
Net realized gain/(loss) on private investment companies | 683,095 | 54,931 | (201,312) | 304,097 |
Net change in open trade equity/(deficit) | (24,437) | 153,295 | 47,357 | (16,668) |
Net realized gain/(loss) on U.S. Treasury securities | (2,853) | (6,033) | (18,956) | (6,663) |
Net unrealized gain/(loss) on U.S. Treasury securities | (383) | 4,214 | (801) | (1,089) |
Trading commissions | (2,279) | (4,164) | (7,087) | (10,529) |
Change in fair value of investments in unconsolidated trading companies | 421 | (6,073) | 49,885 | (28,390) |
Net gain/(loss) on investments | 653,462 | 106,003 | 5,150,751 | 1,385,814 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | 339,478 | (126,145) | 4,359,553 | 735,021 |
Less: Operations attributable to non-controlling interests | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | 339,478 | (126,145) | 4,359,553 | 735,021 |
The Series of the Frontier Funds [Member] | Frontier Select Fund [Member] | ||||
Investment income: | ||||
Interest - net | ||||
Total Income/(loss) | ||||
Expenses: | ||||
Incentive Fees (rebate) | ||||
Interest - net | ||||
Management Fees | ||||
Service Fees - Class 1 | 14,259 | 11,949 | 40,141 | 35,191 |
Risk analysis Fees | ||||
Trading Fees | 16,106 | 12,176 | 44,160 | 35,541 |
Total Expenses | 30,365 | 24,125 | 84,301 | 70,732 |
Investment income/(loss) - net | (30,365) | (24,125) | (84,301) | (70,732) |
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on futures, forwards and options | ||||
Net unrealized gain/(loss) on private investment companies | 40,650 | 51,089 | 1,403,544 | 152,712 |
Net realized gain/(loss) on private investment companies | 56,597 | 2,569 | (411,773) | 145,302 |
Net change in open trade equity/(deficit) | ||||
Net realized gain/(loss) on U.S. Treasury securities | (1,531) | (1,088) | (3,736) | (2,430) |
Net unrealized gain/(loss) on U.S. Treasury securities | (1,768) | 707 | (1,532) | 385 |
Trading commissions | ||||
Change in fair value of investments in unconsolidated trading companies | 5,275 | 312 | 12,104 | 9,001 |
Net gain/(loss) on investments | 99,223 | 53,589 | 998,607 | 304,970 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | 68,858 | 29,464 | 914,306 | 234,238 |
Less: Operations attributable to non-controlling interests | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | 68,858 | 29,464 | 914,306 | 234,238 |
The Series of the Frontier Funds [Member] | Frontier Global Fund [Member] | ||||
Investment income: | ||||
Interest - net | ||||
Total Income/(loss) | ||||
Expenses: | ||||
Service Fees - Class 1 | 22,097 | 17,993 | 61,883 | 58,383 |
Trading Fees | 38,321 | 34,334 | 106,578 | 106,684 |
Total Expenses | 60,418 | 52,327 | 168,461 | 165,067 |
Investment income/(loss) - net | (60,418) | (52,327) | (168,461) | (165,067) |
Realized and unrealized gain/(loss) on investments: | ||||
Net unrealized gain/(loss) on private investment companies | 190,825 | 72,902 | 1,559,458 | 216,899 |
Net realized gain/(loss) on private investment companies | 288,046 | 26,154 | 652,634 | 150,153 |
Net realized gain/(loss) on U.S. Treasury securities | (2,435) | (1,041) | (5,820) | (2,920) |
Net unrealized gain/(loss) on U.S. Treasury securities | (2,602) | 422 | (2,543) | (531) |
Change in fair value of investments in unconsolidated trading companies | 7,397 | 1,448 | 18,704 | 16,611 |
Net gain/(loss) on investments | 481,231 | 99,885 | 2,222,433 | 380,212 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | 420,813 | 47,558 | 2,053,972 | 215,145 |
Less: Operations attributable to non-controlling interests | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | 420,813 | 47,558 | 2,053,972 | 215,145 |
The Series of the Frontier Funds [Member] | Frontier Heritage Fund [Member] | ||||
Investment income: | ||||
Interest - net | ||||
Total Income/(loss) | ||||
Expenses: | ||||
Service Fees - Class 1 | 24,582 | 16,886 | 68,047 | 50,788 |
Trading Fees | 37,296 | 25,399 | 101,544 | 75,071 |
Total Expenses | 61,878 | 42,285 | 169,591 | 125,859 |
Investment income/(loss) - net | (61,878) | (42,285) | (169,591) | (125,859) |
Realized and unrealized gain/(loss) on investments: | ||||
Net unrealized gain/(loss) on private investment companies | 229,849 | 78,399 | 1,772,831 | 418,547 |
Net realized gain/(loss) on private investment companies | 201,265 | 32,348 | 434,234 | 86,630 |
Net realized gain/(loss) on U.S. Treasury securities | (2,067) | (1,514) | (4,599) | (3,082) |
Net unrealized gain/(loss) on U.S. Treasury securities | (2,838) | 805 | (3,134) | (178) |
Change in fair value of investments in unconsolidated trading companies | 7,444 | 1,690 | 17,402 | 14,708 |
Net gain/(loss) on investments | 433,653 | 111,728 | 2,216,734 | 516,625 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | 371,775 | 69,443 | 2,047,143 | 390,766 |
Less: Operations attributable to non-controlling interests | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS | 371,775 | 69,443 | 2,047,143 | 390,766 |
Frontier Funds [Member] | ||||
Investment income: | ||||
Interest - net | 2,601 | 2,520 | 6,861 | 8,437 |
Total Income/(loss) | 2,601 | 2,520 | 6,861 | 8,437 |
Expenses: | ||||
Incentive Fees (rebate) | 119,673 | 54,924 | 213,064 | 104,764 |
Management Fees | 4,568 | 4,764 | 13,446 | 13,978 |
Service Fees - Class 1 | 126,342 | 110,307 | 373,092 | 342,856 |
Risk analysis Fees | 1,370 | 1,429 | 4,034 | 4,193 |
Due Diligence Fees | 1,392 | 1,347 | 4,195 | 4,392 |
Trading Fees | 271,104 | 231,958 | 773,371 | 716,291 |
Total Expenses | 524,449 | 404,729 | 1,381,202 | 1,186,474 |
Investment income/(loss) - net | (521,848) | (402,209) | (1,374,341) | (1,178,037) |
Realized and unrealized gain/(loss) on investments: | ||||
Net realized gain/(loss) on futures, forwards and options | 512,060 | 93,883 | 831,679 | 574,605 |
Net unrealized gain/(loss) on private investment companies | (53,991) | (66,860) | 11,521,691 | 1,868,317 |
Net realized gain/(loss) on private investment companies | 1,475,196 | 109,705 | 375,860 | 793,346 |
Net change in open trade equity/(deficit) | (24,437) | 153,295 | 47,357 | (16,668) |
Net realized gain/(loss) on U.S. Treasury securities | (14,449) | (13,512) | (46,768) | (23,832) |
Net unrealized gain/(loss) on U.S. Treasury securities | (12,602) | 8,702 | (13,761) | (1,798) |
Trading commissions | (2,279) | (4,164) | (7,087) | (10,529) |
Net gain/(loss) on investments | 1,879,498 | 281,048 | 12,708,971 | 3,183,440 |
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS | 1,357,650 | $ (121,161) | 11,334,630 | $ 2,005,403 |
Less: Operations attributable to non-controlling interests | $ (1,357,650) | $ (11,334,630) | ||
Class 1 [Member] | The Series of the Frontier Funds [Member] | Frontier Diversified Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 1 (in Dollars per share) | $ (1.78) | $ 3.68 | ||
Class 1 [Member] | The Series of the Frontier Funds [Member] | Frontier Masters Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 1 (in Dollars per share) | (55.18) | |||
Class 1 [Member] | The Series of the Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 1 (in Dollars per share) | ||||
Class 1 [Member] | The Series of the Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 1 (in Dollars per share) | 3.57 | (1.24) | 39.18 | 4.69 |
Class 1 [Member] | The Series of the Frontier Funds [Member] | Frontier Select Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 1 (in Dollars per share) | 3.25 | 1.15 | 41.87 | 8.77 |
Class 1 [Member] | The Series of the Frontier Funds [Member] | Frontier Global Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 1 (in Dollars per share) | 26.97 | 2.28 | 117.61 | 8.66 |
Class 1 [Member] | The Series of the Frontier Funds [Member] | Frontier Heritage Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 1 (in Dollars per share) | 18.39 | 2.94 | 95.73 | 16.1 |
Class 1a [Member] | The Series of the Frontier Funds [Member] | Frontier Diversified Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 1a (in Dollars per share) | ||||
Class 1a [Member] | The Series of the Frontier Funds [Member] | Frontier Masters Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 1a (in Dollars per share) | ||||
Class 1a [Member] | The Series of the Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 1a (in Dollars per share) | ||||
Class 2 [Member] | The Series of the Frontier Funds [Member] | Frontier Diversified Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 2 (in Dollars per share) | 1.26 | 4.91 | 26.91 | 2.04 |
Class 2 [Member] | The Series of the Frontier Funds [Member] | Frontier Masters Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 2 (in Dollars per share) | 9.21 | 1.58 | 57.1 | 7.56 |
Class 2 [Member] | The Series of the Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 2 (in Dollars per share) | 3.85 | 0.6 | 43.38 | 13.1 |
Class 2 [Member] | The Series of the Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 2 (in Dollars per share) | 7.68 | (1) | 70.61 | 10.8 |
Class 2 [Member] | The Series of the Frontier Funds [Member] | Frontier Select Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 2 (in Dollars per share) | 6.81 | 2.7 | 73.37 | 16.57 |
Class 2 [Member] | The Series of the Frontier Funds [Member] | Frontier Global Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 2 (in Dollars per share) | 45.35 | 4.9 | 191.15 | 17.19 |
Class 2 [Member] | The Series of the Frontier Funds [Member] | Frontier Heritage Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 2 (in Dollars per share) | 33.77 | 6.24 | 167.62 | 30.25 |
Class 2a [Member] | The Series of the Frontier Funds [Member] | Frontier Diversified Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 2a (in Dollars per share) | ||||
Class 2a [Member] | The Series of the Frontier Funds [Member] | Frontier Masters Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 2a (in Dollars per share) | ||||
Class 2a [Member] | The Series of the Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 2a (in Dollars per share) | 2.65 | 0.62 | 28.49 | 9.06 |
Class 2a [Member] | The Series of the Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 2a (in Dollars per share) | 6.66 | (0.82) | 61.19 | 9.45 |
Class 2a [Member] | The Series of the Frontier Funds [Member] | Frontier Select Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 2a (in Dollars per share) | ||||
Class 3 [Member] | The Series of the Frontier Funds [Member] | Frontier Diversified Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 3 (in Dollars per share) | 1.25 | (4.56) | 25.47 | 2.06 |
Class 3 [Member] | The Series of the Frontier Funds [Member] | Frontier Masters Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 3 (in Dollars per share) | 8.77 | 1.53 | 54.06 | 7.24 |
Class 3 [Member] | The Series of the Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 3 (in Dollars per share) | 4.04 | 0.63 | 45.51 | 13.74 |
Class 3a [Member] | The Series of the Frontier Funds [Member] | Frontier Diversified Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 3a (in Dollars per share) | ||||
Class 3a [Member] | The Series of the Frontier Funds [Member] | Frontier Masters Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 3a (in Dollars per share) | ||||
Class 3a [Member] | The Series of the Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 3a (in Dollars per share) | 2.86 | 0.68 | 30.31 | 9.67 |
Class 3a [Member] | The Series of the Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 3a (in Dollars per share) | 6.68 | (0.82) | 61.2 | 9.42 |
Class 3a [Member] | The Series of the Frontier Funds [Member] | Frontier Select Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 3a (in Dollars per share) | ||||
Class 1AP [Member] | The Series of the Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 1AP (in Dollars per share) | 5.69 | (0.73) | 52.35 | 8.01 |
Class 1AP [Member] | The Series of the Frontier Funds [Member] | Frontier Select Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 1AP (in Dollars per share) | 5.13 | 2.03 | 55.28 | 12.48 |
Class 1AP [Member] | The Series of the Frontier Funds [Member] | Frontier Global Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 1AP (in Dollars per share) | ||||
Class 1AP [Member] | The Series of the Frontier Funds [Member] | Frontier Heritage Fund [Member] | ||||
NET INCREASE/(DECREASE) IN CAPITAL RESULTING FROM OPERATIONS ATTRIBUTABLE TO CONTROLLING INTERESTS PER UNIT | ||||
Class 1AP (in Dollars per share) | $ 25.2 | $ 4.66 | $ 125.26 | $ 22.6 |
Statements of Changes in Owners
Statements of Changes in Owners’ Capital (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | |
Sep. 30, 2022 | Sep. 30, 2022 | ||
The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | |||
Owners' Capital, Beginning balance | $ 3,591,161 | $ 3,033,140 | |
Sale of Units | |||
Redemption of Units | (121,245) | (436,691) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 35,695 | 909,162 | |
Owners’ Capital, Ending balance | 3,505,611 | 3,505,611 | |
The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | Non-Controlling Interests [Member] | |||
Owners' Capital, Beginning balance | |||
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | |||
Owners’ Capital, Ending balance | |||
The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | |||
Owners' Capital, Beginning balance | 916,746 | 707,674 | |
Sale of Units | |||
Redemption of Units | (252) | (204,426) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 71,921 | 485,167 | |
Owners’ Capital, Ending balance | 988,415 | 988,415 | |
The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | Non-Controlling Interests [Member] | |||
Owners' Capital, Beginning balance | |||
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | |||
Owners’ Capital, Ending balance | |||
The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | |||
Owners' Capital, Beginning balance | 1,650,185 | 1,240,324 | |
Sale of Units | |||
Redemption of Units | (22,123) | (128,480) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 49,109 | 565,327 | |
Owners’ Capital, Ending balance | 1,677,171 | 1,677,171 | |
The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | Non-Controlling Interests [Member] | |||
Owners' Capital, Beginning balance | |||
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | |||
Owners’ Capital, Ending balance | |||
The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | |||
Owners' Capital, Beginning balance | 12,301,191 | 9,509,033 | |
Sale of Units | |||
Redemption of Units | (770,762) | (1,998,679) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 339,478 | 4,359,553 | |
Owners’ Capital, Ending balance | 11,869,907 | 11,869,907 | |
The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | Non-Controlling Interests [Member] | |||
Owners' Capital, Beginning balance | |||
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | |||
Owners’ Capital, Ending balance | |||
The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | |||
Owners' Capital, Beginning balance | 2,207,530 | 1,415,870 | |
Sale of Units | |||
Redemption of Units | (31,302) | (85,090) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 68,858 | 914,306 | |
Owners’ Capital, Ending balance | 2,245,086 | 2,245,086 | |
The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | Non-Controlling Interests [Member] | |||
Owners' Capital, Beginning balance | |||
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | |||
Owners’ Capital, Ending balance | |||
The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | |||
Owners' Capital, Beginning balance | 3,163,589 | 2,111,341 | |
Sale of Units | |||
Redemption of Units | (47,484) | (628,395) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 420,813 | 2,053,972 | |
Owners’ Capital, Ending balance | 3,536,918 | 3,536,918 | |
The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | Non-Controlling Interests [Member] | |||
Owners' Capital, Beginning balance | |||
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | |||
Owners’ Capital, Ending balance | |||
The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | |||
Owners' Capital, Beginning balance | 3,690,647 | 2,322,308 | |
Sale of Units | |||
Redemption of Units | (42,370) | (349,399) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 371,775 | 2,047,143 | |
Owners’ Capital, Ending balance | 4,020,052 | 4,020,052 | |
The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | Non-Controlling Interests [Member] | |||
Owners' Capital, Beginning balance | |||
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | |||
Owners’ Capital, Ending balance | |||
Frontier Funds [Member] | |||
Owners' Capital, Beginning balance | 27,521,049 | 20,339,690 | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 1,357,650 | 11,334,630 | |
Owners’ Capital, Ending balance | $ 27,843,160 | $ 27,843,160 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (1,035,539) | (3,831,160) | |
Payment made by Related Party | |||
Payment made by Managing Owner | |||
Frontier Funds [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | 291,884 | 214,522 | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 15,449 | 120,911 | |
Owners’ Capital, Ending balance | $ 289,333 | $ 289,333 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (18,000) | (46,100) | |
Payment made by Related Party | |||
Payment made by Managing Owner | |||
Frontier Funds [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 27,229,165 | 20,125,168 | |
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 1,342,201 | 11,213,719 | |
Owners’ Capital, Ending balance | $ 27,553,827 | $ 27,553,827 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (1,017,539) | (3,785,060) | |
Payment made by Related Party | |||
Payment made by Managing Owner | |||
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | 10,139 | 7,870 | |
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 111 | 2,380 | |
Owners’ Capital, Ending balance | 10,250 | 10,250 | |
Owners’ Capital - Units, Beginning balance | $ 89 | $ 89 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | |||
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 89 | $ 89 | |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 467,060 | 373,647 | |
Sale of Units | |||
Redemption of Units | (15,125) | ||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 5,142 | 113,680 | |
Owners’ Capital, Ending balance | 472,202 | 472,202 | |
Owners’ Capital - Units, Beginning balance | $ 4,074 | $ 4,199 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (125) | ||
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 4,074 | $ 4,074 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 114.63 | $ 88.98 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 1.26 | $ 26.91 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 115.89 | $ 115.89 |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 6,362 | $ 3,781 | |
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 496 | 3,077 | |
Owners’ Capital, Ending balance | 6,858 | 6,858 | |
Owners’ Capital - Units, Beginning balance | $ 53 | $ 53 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | |||
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 53 | $ 53 | |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 245,715 | 194,618 | |
Sale of Units | |||
Redemption of Units | (2) | (49,917) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 19,165 | 120,177 | |
Owners’ Capital, Ending balance | 264,878 | 264,878 | |
Owners’ Capital - Units, Beginning balance | $ 2,082 | $ 2,775 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | 1 | (692) | |
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 2,083 | $ 2,083 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 118.06 | $ 70.17 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 9.21 | $ 57.1 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 127.27 | $ 127.27 |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 4,369 | $ 4,121 | |
Sale of Units | |||
Redemption of Units | (500) | (1,750) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 114 | 1,612 | |
Owners’ Capital, Ending balance | 3,983 | 3,983 | |
Owners’ Capital - Units, Beginning balance | $ 34 | $ 46 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (4) | (16) | |
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 30 | $ 30 | |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 30,292 | 21,045 | |
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 900 | 10,147 | |
Owners’ Capital, Ending balance | 31,192 | 31,192 | |
Owners’ Capital - Units, Beginning balance | $ 234 | $ 234 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | |||
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 234 | $ 234 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 129.5 | $ 89.97 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 3.85 | $ 43.38 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 133.35 | $ 133.35 |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 62,624 | $ 43,148 | |
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 2,378 | 21,854 | |
Owners’ Capital, Ending balance | 65,002 | 65,002 | |
Owners’ Capital - Units, Beginning balance | $ 310 | $ 310 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | |||
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 310 | $ 310 | |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 2,084,392 | 1,489,930 | |
Sale of Units | |||
Redemption of Units | (22,087) | (93,476) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 74,208 | 740,059 | |
Owners’ Capital, Ending balance | 2,136,513 | 2,136,513 | |
Owners’ Capital - Units, Beginning balance | $ 10,302 | $ 10,688 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (129) | (515) | |
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 10,173 | $ 10,173 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 202.33 | $ 139.4 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 7.68 | $ 70.61 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 210.01 | $ 210.01 |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 22,380 | $ 14,981 | |
Sale of Units | |||
Redemption of Units | (250) | (1,650) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 865 | 9,664 | |
Owners’ Capital, Ending balance | 22,995 | 22,995 | |
Owners’ Capital - Units, Beginning balance | $ 130 | $ 142 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (2) | (14) | |
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 128 | $ 128 | |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 84,310 | 56,112 | |
Sale of Units | |||
Redemption of Units | (5,200) | ||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 3,345 | 36,743 | |
Owners’ Capital, Ending balance | 87,655 | 87,655 | |
Owners’ Capital - Units, Beginning balance | $ 492 | $ 535 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (43) | ||
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 492 | $ 492 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 171.66 | $ 105.1 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 6.81 | $ 73.37 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 178.47 | $ 178.47 |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 35,052 | $ 25,029 | |
Sale of Units | |||
Redemption of Units | (3,500) | (11,500) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 4,488 | 22,511 | |
Owners’ Capital, Ending balance | 36,040 | 36,040 | |
Owners’ Capital - Units, Beginning balance | $ 111 | $ 147 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (11) | (47) | |
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 100 | $ 100 | |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 117,288 | 159,984 | |
Sale of Units | |||
Redemption of Units | (140,948) | ||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 16,820 | 115,072 | |
Owners’ Capital, Ending balance | 134,108 | 134,108 | |
Owners’ Capital - Units, Beginning balance | $ 371 | $ 939 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (568) | ||
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 371 | $ 371 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 316.2 | $ 170.4 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 45.35 | $ 191.15 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 361.55 | $ 361.55 |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 39,208 | $ 23,919 | |
Sale of Units | |||
Redemption of Units | (2,500) | (5,000) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 4,003 | 21,792 | |
Owners’ Capital, Ending balance | 40,711 | 40,711 | |
Owners’ Capital - Units, Beginning balance | $ 128 | $ 139 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (8) | (19) | |
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 120 | $ 120 | |
Class 2 [Member] | The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 244,602 | 170,897 | |
Sale of Units | |||
Redemption of Units | (57,276) | ||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 26,933 | 157,914 | |
Owners’ Capital, Ending balance | 271,535 | 271,535 | |
Owners’ Capital - Units, Beginning balance | $ 797 | $ 988 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (191) | ||
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 797 | $ 797 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 306.76 | $ 172.91 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 33.77 | $ 167.62 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 340.53 | $ 340.53 |
Class 3 [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 27,831 | $ 22,677 | |
Sale of Units | |||
Redemption of Units | (2,250) | (3,500) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 246 | 6,650 | |
Owners’ Capital, Ending balance | 25,827 | 25,827 | |
Owners’ Capital - Units, Beginning balance | $ 258 | $ 271 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (22) | (35) | |
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 236 | $ 236 | |
Class 3 [Member] | The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 3,086,131 | 2,628,946 | |
Sale of Units | |||
Redemption of Units | (118,995) | (418,066) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 30,196 | 786,452 | |
Owners’ Capital, Ending balance | 2,997,332 | 2,997,332 | |
Owners’ Capital - Units, Beginning balance | $ 28,634 | $ 31,462 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (1,144) | (3,972) | |
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 27,490 | $ 27,490 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 107.78 | $ 83.56 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 1.25 | $ 25.47 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 109.03 | $ 109.03 |
Class 3 [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 3,201 | $ 3,933 | |
Sale of Units | |||
Redemption of Units | (250) | (2,950) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 222 | 2,190 | |
Owners’ Capital, Ending balance | 3,173 | 3,173 | |
Owners’ Capital - Units, Beginning balance | $ 29 | $ 60 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (2) | (33) | |
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 27 | $ 27 | |
Class 3 [Member] | The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 661,468 | 505,342 | |
Sale of Units | |||
Redemption of Units | (151,559) | ||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 52,038 | 359,723 | |
Owners’ Capital, Ending balance | 713,506 | 713,506 | |
Owners’ Capital - Units, Beginning balance | $ 5,935 | $ 7,639 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (1,704) | ||
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 5,935 | $ 5,935 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 111.44 | $ 66.15 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 8.77 | $ 54.06 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 120.21 | $ 120.21 |
Class 3 [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 1,194,539 | $ 923,058 | |
Sale of Units | |||
Redemption of Units | (15,787) | (120,894) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 35,108 | 411,696 | |
Owners’ Capital, Ending balance | 1,213,860 | 1,213,860 | |
Owners’ Capital - Units, Beginning balance | $ 8,793 | $ 9,780 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (116) | (1,103) | |
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 8,677 | $ 8,677 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 135.85 | $ 94.38 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 4.04 | $ 45.51 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 139.89 | $ 139.89 |
Class 2a [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 10,971 | $ 7,619 | |
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 343 | 3,695 | |
Owners’ Capital, Ending balance | 11,314 | 11,314 | |
Owners’ Capital - Units, Beginning balance | $ 129 | $ 129 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | |||
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 129 | $ 129 | |
Class 2a [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 109,782 | 76,239 | |
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 3,431 | 36,974 | |
Owners’ Capital, Ending balance | 113,213 | 113,213 | |
Owners’ Capital - Units, Beginning balance | $ 1,299 | $ 1,299 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | |||
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 1,299 | $ 1,299 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 84.59 | $ 58.75 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 2.65 | $ 28.49 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 87.24 | $ 87.24 |
Class 2a [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 68,139 | $ 56,328 | |
Sale of Units | |||
Redemption of Units | (8,750) | (19,750) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 2,131 | 24,942 | |
Owners’ Capital, Ending balance | 61,520 | 61,520 | |
Owners’ Capital - Units, Beginning balance | $ 388 | $ 466 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (50) | (128) | |
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 338 | $ 338 | |
Class 2a [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | |||
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | |||
Owners’ Capital, Ending balance | |||
Owners’ Capital - Units, Beginning balance | |||
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | |||
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | |||
Net asset value per unit, Beginning balance (in Dollars per share) | $ 175.51 | $ 120.98 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 6.66 | $ 61.19 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 182.17 | $ 182.17 |
Class 3a [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | Managing Owner [Member] | |||
Owners' Capital, Beginning balance | $ 1,608 | $ 1,116 | |
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 52 | 544 | |
Owners’ Capital, Ending balance | 1,660 | 1,660 | |
Owners’ Capital - Units, Beginning balance | $ 18 | $ 18 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | |||
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 18 | $ 18 | |
Class 3a [Member] | The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | 298,624 | 207,126 | |
Sale of Units | |||
Redemption of Units | (5,836) | (5,836) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 9,161 | 100,659 | |
Owners’ Capital, Ending balance | 301,949 | 301,949 | |
Owners’ Capital - Units, Beginning balance | $ 3,350 | $ 3,333 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (85) | (68) | |
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 3,265 | $ 3,265 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 89.61 | $ 62.16 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 2.86 | $ 30.31 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 92.47 | $ 92.47 |
Class 3a [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 554,404 | $ 381,759 | |
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 21,125 | 193,770 | |
Owners’ Capital, Ending balance | 575,529 | 575,529 | |
Owners’ Capital - Units, Beginning balance | $ 3,166 | $ 3,166 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | |||
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 3,166 | $ 3,166 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 175.09 | $ 120.57 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 6.68 | $ 61.2 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 181.77 | $ 181.77 |
Class 1 [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 9,443,569 | $ 7,471,841 | |
Sale of Units | |||
Redemption of Units | (739,925) | (1,877,873) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 236,293 | 3,345,969 | |
Owners’ Capital, Ending balance | 8,939,937 | 8,939,937 | |
Owners’ Capital - Units, Beginning balance | $ 79,741 | $ 90,219 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (6,461) | (16,939) | |
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 73,280 | $ 73,280 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 118.43 | $ 82.82 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 3.57 | $ 39.18 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 122 | $ 122 |
Class 1 [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 2,084,085 | $ 1,334,518 | |
Sale of Units | |||
Redemption of Units | (31,052) | (78,240) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 63,984 | 860,739 | |
Owners’ Capital, Ending balance | 2,117,017 | 2,117,017 | |
Owners’ Capital - Units, Beginning balance | $ 20,431 | $ 21,051 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (318) | (938) | |
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 20,113 | $ 20,113 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 102.01 | $ 63.39 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 3.25 | $ 41.87 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 105.26 | $ 105.26 |
Class 1 [Member] | The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 3,011,249 | $ 1,926,328 | |
Sale of Units | |||
Redemption of Units | (43,984) | (475,947) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 399,505 | 1,916,389 | |
Owners’ Capital, Ending balance | 3,366,770 | 3,366,770 | |
Owners’ Capital - Units, Beginning balance | $ 15,049 | $ 17,600 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (222) | (2,773) | |
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 14,827 | $ 14,827 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 200.09 | $ 109.45 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 26.97 | $ 117.61 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 227.06 | $ 227.06 |
Class 1 [Member] | The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 3,392,215 | $ 2,119,250 | |
Sale of Units | |||
Redemption of Units | (39,870) | (287,123) | |
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 339,229 | 1,859,447 | |
Owners’ Capital, Ending balance | 3,691,574 | 3,691,574 | |
Owners’ Capital - Units, Beginning balance | $ 18,765 | $ 20,491 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (230) | (1,956) | |
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 18,535 | $ 18,535 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 180.77 | $ 103.43 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 18.39 | $ 95.73 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 199.16 | $ 199.16 |
Class 1AP [Member] | The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 88,063 | $ 66,027 | |
Sale of Units | |||
Redemption of Units | (7,580) | ||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 3,343 | 32,959 | |
Owners’ Capital, Ending balance | 91,406 | 91,406 | |
Owners’ Capital - Units, Beginning balance | $ 587 | $ 639 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | (52) | ||
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 587 | $ 587 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 150.04 | $ 103.38 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 5.69 | $ 52.35 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 155.73 | $ 155.73 |
Class 1AP [Member] | The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 16,755 | $ 10,259 | |
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 664 | 7,160 | |
Owners’ Capital, Ending balance | 17,419 | 17,419 | |
Owners’ Capital - Units, Beginning balance | $ 129 | $ 129 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | |||
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 129 | $ 129 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 129.36 | $ 79.21 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 5.13 | $ 55.28 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 134.49 | $ 134.49 |
Class 1AP [Member] | The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | Limited Owners [Member] | |||
Owners' Capital, Beginning balance | $ 14,622 | $ 8,242 | |
Sale of Units | |||
Redemption of Units | |||
Transfer of Units In(Out) | |||
Net increase/(decrease) in Owners’ Capital resulting from operations attributable to controlling interests | 1,610 | 7,990 | |
Owners’ Capital, Ending balance | 16,232 | 16,232 | |
Owners’ Capital - Units, Beginning balance | $ 64 | $ 64 | |
Sale of Units (including transfers) (in Shares) | |||
Redemption of Units (including transfers) (in Shares) | |||
Net increase/(decrease) in Owners’ | |||
Owners’ Capital - Units, Ending balance | $ 64 | $ 64 | |
Net asset value per unit, Beginning balance (in Dollars per share) | $ 229.22 | $ 129.19 | |
Change in net asset value per unit for the three months ended September 30, 2022 | $ 25.23 | $ 125.26 | |
Net asset value per unit, Ending balance (in Dollars per share) | [1] | $ 254.45 | $ 254.45 |
[1]Values are for both the Managing Owner and Limited Owners. |
Statements of Cash Flows (Unaud
Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2022 | Sep. 30, 2021 | |
The Series of Frontier Funds [Member] | Frontier Diversified Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | $ 909,162 | $ 132,731 |
Change in: | ||
Net change in ownership allocation of U.S. Treasury securities | 48,757 | 142,851 |
Net unrealized (gain)/loss on private investment companies | (1,118,275) | (163,133) |
Net realized (gain)/loss on private investment companies | 130,808 | (67,391) |
Net realized (gain)/loss on U.S. Treasuries securities | 6,139 | 3,079 |
Net unrealized (gain)/loss on U.S. Treasury securities | 3,411 | 420 |
(Purchases) sales of: | ||
(Purchases) of U.S. Treasury securities | (230,788) | (256,617) |
Sales of U.S. Treasury securities | 120,242 | 501,356 |
U.S. Treasury interest and premium paid/amortized | 4,511 | 2,832 |
(Purchases) of Private Investment Companies | (858,107) | (865,067) |
Sale of Private Investment Companies | 1,360,431 | 1,679,059 |
Increase and/or decrease in: | ||
Investments in unconsolidated trading companies, at fair value | (5,822) | (13,910) |
Interest receivable | 40 | 8,296 |
Receivable from related parties | (3,994) | |
Redemptions receivable from private investment companies | 31,886 | |
Interest payable to Managing Owner | ||
Service fees payable to Managing Owner | 12 | (300) |
Trading fees payable to Managing Owner | 972 | (2,682) |
Other liabilities | (1,695) | 558 |
Net cash provided by (used in) operating activities | 369,798 | 1,129,974 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of units | 6,000 | |
Payment for redemption of capital | (436,692) | (1,181,033) |
Change in owner redemptions payable | ||
Net cash provided by (used in) financing activities | (436,692) | (1,175,033) |
Net increase (decrease) in cash and cash equivalents | (66,894) | (45,059) |
Cash and cash equivalents, beginning of period | 165,491 | 87,715 |
Cash and cash equivalents, end of period | 98,597 | 42,656 |
The Series of Frontier Funds [Member] | Frontier Masters Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | 485,167 | 96,467 |
Change in: | ||
Net change in ownership allocation of U.S. Treasury securities | 979 | (112,616) |
Net unrealized (gain)/loss on private investment companies | (652,892) | (124,384) |
Net realized (gain)/loss on private investment companies | 133,152 | (1,561) |
Net realized (gain)/loss on U.S. Treasuries securities | 3,043 | 2,145 |
Net unrealized (gain)/loss on U.S. Treasury securities | 744 | 96 |
(Purchases) sales of: | ||
(Purchases) of U.S. Treasury securities | (106,361) | (127,722) |
Sales of U.S. Treasury securities | 74,127 | 241,139 |
U.S. Treasury interest and premium paid/amortized | 2,026 | 2,429 |
(Purchases) of Private Investment Companies | (408,811) | (138,239) |
Sale of Private Investment Companies | 650,184 | 496,535 |
Increase and/or decrease in: | ||
Investments in unconsolidated trading companies, at fair value | (4,199) | (15,332) |
Interest receivable | (9) | 338 |
Receivable from related parties | (4,453) | |
Redemptions receivable from private investment companies | 24,837 | |
Interest payable to Managing Owner | ||
Service fees payable to Managing Owner | 8 | (26) |
Trading fees payable to Managing Owner | 1,003 | (1,240) |
Other liabilities | (698) | 1,777 |
Net cash provided by (used in) operating activities | 177,463 | 340,190 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of units | 1,000 | |
Payment for redemption of capital | (204,426) | (285,180) |
Change in owner redemptions payable | (38,128) | |
Net cash provided by (used in) financing activities | (204,426) | (322,308) |
Net increase (decrease) in cash and cash equivalents | (26,963) | 17,882 |
Cash and cash equivalents, beginning of period | 76,703 | 4,771 |
Cash and cash equivalents, end of period | 49,740 | 22,653 |
The Series of Frontier Funds [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | 565,327 | 201,035 |
Change in: | ||
Net change in ownership allocation of U.S. Treasury securities | (52,325) | (78,990) |
Net unrealized (gain)/loss on private investment companies | (545,724) | (195,759) |
Net realized (gain)/loss on private investment companies | (41,277) | (21,756) |
Net realized (gain)/loss on U.S. Treasuries securities | 4,475 | 3,513 |
Net unrealized (gain)/loss on U.S. Treasury securities | 1,596 | (131) |
(Purchases) sales of: | ||
(Purchases) of U.S. Treasury securities | (120,068) | (154,028) |
Sales of U.S. Treasury securities | 124,709 | 658,117 |
U.S. Treasury interest and premium paid/amortized | 2,378 | 2,931 |
(Purchases) of Private Investment Companies | (119,005) | (664,939) |
Sale of Private Investment Companies | 359,238 | 284,911 |
Increase and/or decrease in: | ||
Investments in unconsolidated trading companies, at fair value | (13,874) | (3,575) |
Interest receivable | (220) | 8,914 |
Receivable from related parties | (988) | |
Redemptions receivable from private investment companies | 1,251 | |
Interest payable to Managing Owner | 32 | (50) |
Service fees payable to Managing Owner | 6 | 1 |
Trading fees payable to Managing Owner | 344 | 1,014 |
Other liabilities | 313 | (751) |
Net cash provided by (used in) operating activities | 165,925 | 40,720 |
Cash Flows from Financing Activities: | ||
Proceeds from sale of units | ||
Payment for redemption of capital | (128,480) | (104,319) |
Change in owner redemptions payable | (20,299) | |
Net cash provided by (used in) financing activities | (148,779) | (104,319) |
Net increase (decrease) in cash and cash equivalents | 17,146 | (63,599) |
Cash and cash equivalents, beginning of period | 40,528 | 93,327 |
Cash and cash equivalents, end of period | 57,674 | 29,728 |
The Series of Frontier Funds [Member] | Frontier Balanced Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | 4,359,553 | 735,021 |
Change in: | ||
Net change in ownership allocation of U.S. Treasury securities | (66,139) | 600,692 |
Net unrealized (gain)/loss on private investment companies | (4,449,986) | (570,451) |
Net realized (gain)/loss on private investment companies | 201,312 | (304,097) |
Net realized (gain)/loss on U.S. Treasuries securities | 18,956 | 6,663 |
Net unrealized (gain)/loss on U.S. Treasury securities | 801 | 1,089 |
(Purchases) sales of: | ||
(Purchases) of U.S. Treasury securities | (455,797) | (902,849) |
Sales of U.S. Treasury securities | 415,301 | 1,569,802 |
U.S. Treasury interest and premium paid/amortized | 245 | |
(Purchases) of Private Investment Companies | (2,278,438) | (2,196,236) |
Sale of Private Investment Companies | 4,473,084 | 3,756,872 |
Increase and/or decrease in: | ||
Open trade equity/(deficit), at fair value | 10,221 | 16,111 |
Receivable from futures commission merchants | (311,264) | (554,694) |
Investments in unconsolidated trading companies, at fair value | (21,373) | 49,755 |
Interest receivable | (226) | 25,471 |
Receivable from related parties | 52,804 | |
Incentive fees payable to Managing Owner | 65,663 | 54,924 |
Management fees payable to Managing Owner | 190 | (7,244) |
Redemptions receivable from private investment companies | 55,473 | |
Subscriptions in advance for service fee rebates | 17,013 | 16,970 |
Interest payable to Managing Owner | (510) | (313) |
Service fees payable to Managing Owner | 873 | (2,997) |
Risk analysis fees payable | 31 | 957 |
Payables to related parties | ||
Trading fees payable to Managing Owner | 5,962 | (2,725) |
Other liabilities | (2,417) | (7,478) |
Net cash provided by (used in) operating activities | 1,982,810 | 2,393,765 |
Cash Flows from Financing Activities: | ||
Payment for redemption of capital | (1,998,678) | (2,705,608) |
Change in owner redemptions payable | (20,383) | 50,040 |
Net cash provided by (used in) financing activities | (2,019,061) | (2,655,568) |
Net increase (decrease) in cash and cash equivalents | (36,251) | (261,803) |
Cash and cash equivalents, beginning of period | 188,010 | 261,803 |
Cash and cash equivalents, end of period | 151,759 | |
The Series of Frontier Funds [Member] | Frontier Select Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | 914,306 | 234,238 |
Change in: | ||
Net change in ownership allocation of U.S. Treasury securities | 4,916 | (207,641) |
Net unrealized (gain)/loss on private investment companies | (1,403,544) | (152,712) |
Net realized (gain)/loss on private investment companies | 411,773 | (145,302) |
Net realized (gain)/loss on U.S. Treasuries securities | 3,736 | 2,430 |
Net unrealized (gain)/loss on U.S. Treasury securities | 1,532 | (385) |
(Purchases) sales of: | ||
(Purchases) of U.S. Treasury securities | (119,711) | (130,240) |
Sales of U.S. Treasury securities | 76,198 | 318,759 |
U.S. Treasury interest and premium paid/amortized | ||
(Purchases) of Private Investment Companies | (795,374) | (235,774) |
Sale of Private Investment Companies | 986,182 | 616,847 |
Increase and/or decrease in: | ||
Open trade equity/(deficit), at fair value | ||
Receivable from futures commission merchants | ||
Investments in unconsolidated trading companies, at fair value | (10,196) | (15,601) |
Interest receivable | (142) | (121) |
Receivable from related parties | (4,534) | |
Incentive fees payable to Managing Owner | ||
Management fees payable to Managing Owner | ||
Redemptions receivable from private investment companies | 67,876 | |
Subscriptions in advance for service fee rebates | 731 | 1,303 |
Interest payable to Managing Owner | 227 | 70 |
Service fees payable to Managing Owner | 1,143 | (11) |
Risk analysis fees payable | ||
Payables to related parties | (26,129) | |
Trading fees payable to Managing Owner | 1,374 | 70 |
Other liabilities | (31) | 1,872 |
Net cash provided by (used in) operating activities | 73,120 | 325,015 |
Cash Flows from Financing Activities: | ||
Payment for redemption of capital | (85,090) | (303,251) |
Change in owner redemptions payable | 13,913 | |
Net cash provided by (used in) financing activities | (71,177) | (303,251) |
Net increase (decrease) in cash and cash equivalents | 1,943 | 21,764 |
Cash and cash equivalents, beginning of period | 51,140 | |
Cash and cash equivalents, end of period | 53,083 | 21,764 |
The Series of Frontier Funds [Member] | Frontier Global Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | 2,053,972 | 215,145 |
Change in: | ||
Net change in ownership allocation of U.S. Treasury securities | (354) | (225,147) |
Net unrealized (gain)/loss on private investment companies | (1,559,458) | (216,899) |
Net realized (gain)/loss on private investment companies | (652,634) | (150,153) |
Net realized (gain)/loss on U.S. Treasuries securities | 5,820 | 2,920 |
Net unrealized (gain)/loss on U.S. Treasury securities | 2,543 | 531 |
(Purchases) sales of: | ||
(Purchases) of U.S. Treasury securities | (226,579) | (225,077) |
Sales of U.S. Treasury securities | 96,651 | 454,651 |
(Purchases) of Private Investment Companies | (510,912) | (410,446) |
Sale of Private Investment Companies | 1,532,152 | 1,043,400 |
Increase and/or decrease in: | ||
Investments in unconsolidated trading companies, at fair value | (42,917) | (17,065) |
Interest receivable | (678) | 413 |
Receivable from related parties | (4,954) | |
Subscriptions in advance for service fee rebates | 2,652 | 3,111 |
Interest payable to Managing Owner | 506 | (65) |
Service fees payable to Managing Owner | 2,494 | (823) |
Trading fees payable to Managing Owner | 3,468 | (1,264) |
Other liabilities | 935 | 1,973 |
Net cash provided by (used in) operating activities | 707,661 | 470,251 |
Cash Flows from Financing Activities: | ||
Payment for redemption of capital | (628,393) | (450,629) |
Change in owner redemptions payable | (27,561) | |
Net cash provided by (used in) financing activities | (655,954) | (450,629) |
Net increase (decrease) in cash and cash equivalents | 51,707 | 19,622 |
Cash and cash equivalents, beginning of period | 128,021 | 5,694 |
Cash and cash equivalents, end of period | 179,728 | 25,316 |
The Series of Frontier Funds [Member] | Frontier Heritage Fund [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | 2,047,143 | 390,766 |
Change in: | ||
Net change in ownership allocation of U.S. Treasury securities | 49,074 | (127,756) |
Net unrealized (gain)/loss on private investment companies | (1,772,831) | (418,547) |
Net realized (gain)/loss on private investment companies | (434,234) | (86,630) |
Net realized (gain)/loss on U.S. Treasuries securities | 4,599 | 3,082 |
Net unrealized (gain)/loss on U.S. Treasury securities | 3,134 | 178 |
(Purchases) sales of: | ||
(Purchases) of U.S. Treasury securities | (216,116) | (191,271) |
Sales of U.S. Treasury securities | 49,100 | 357,230 |
(Purchases) of Private Investment Companies | (367,047) | (394,302) |
Sale of Private Investment Companies | 1,113,210 | 702,567 |
Increase and/or decrease in: | ||
Investments in unconsolidated trading companies, at fair value | (45,162) | (26,706) |
Interest receivable | (791) | 1,245 |
Receivable from related parties | (7,752) | |
Subscriptions in advance for service fee rebates | 7,259 | 4,871 |
Interest payable to Managing Owner | 561 | 229 |
Service fees payable to Managing Owner | 2,605 | 256 |
Trading fees payable to Managing Owner | 4,113 | 412 |
Other liabilities | 2,042 | 3,012 |
Net cash provided by (used in) operating activities | 446,659 | 210,884 |
Cash Flows from Financing Activities: | ||
Payment for redemption of capital | (349,399) | (184,768) |
Net cash provided by (used in) financing activities | (349,399) | (184,768) |
Net increase (decrease) in cash and cash equivalents | 97,260 | 26,116 |
Cash and cash equivalents, beginning of period | 48,839 | 15,156 |
Cash and cash equivalents, end of period | 146,099 | 41,272 |
Frontier Funds [Member] | ||
Cash Flows from Operating Activities: | ||
Net increase/(decrease) in capital resulting from operations | 11,334,630 | 2,005,403 |
Change in: | ||
Net change in open trade equity | 10,221 | 16,111 |
Net change in ownership allocation of U.S. Treasury securities | (13,037) | (8,606) |
Net unrealized (gain)/loss on private investment companies | (11,521,691) | (1,868,317) |
Net realized (gain)/loss on private investment companies | (375,860) | (793,346) |
Net realized (gain)/loss on U.S. Treasuries securities | 46,768 | 23,832 |
Net unrealized (gain)/loss on U.S. Treasury securities | 13,761 | 1,798 |
(Purchases) sales of: | ||
(Purchases) of U.S. Treasury securities | (2,405,978) | (1,987,803) |
Sales of U.S. Treasury securities | 1,886,887 | 4,101,053 |
U.S. Treasury interest and premium paid/amortized | 6,861 | 8,437 |
(Purchases) of Private Investment Companies | (5,337,497) | (4,904,551) |
Sale of Private Investment Companies | 10,474,482 | 8,580,192 |
Increase and/or decrease in: | ||
Receivable from futures commission merchants | (311,264) | (554,694) |
Interest receivable | (2,026) | 44,556 |
Receivable from related parties | (12,073) | |
Incentive fees payable to Managing Owner | 65,663 | 54,924 |
Management fees payable to Managing Owner, net of change in receivable | 190 | (7,244) |
Redemptions receivable from private investment companies | 181,323 | |
Subscriptions in advance for service fee rebates | 27,655 | 26,255 |
Interest payable to Managing Owner | 816 | (129) |
Service fees payable to Managing Owner | 7,141 | (3,900) |
Risk analysis fees payable | 31 | 957 |
Payables to related parties | 12,073 | |
Trading fees payable to Managing Owner | 17,236 | (6,415) |
Other liabilities | (1,551) | 963 |
Net cash provided by (used in) operating activities | 3,923,438 | 4,910,799 |
Proceeds from sale of capital | 7,000 | |
Payment for redemption of capital | (3,831,160) | (5,214,788) |
Redemptions payable | (54,330) | 11,913 |
Cash Flows from Financing Activities: | ||
Net cash provided by (used in) financing activities | (3,885,490) | (5,195,875) |
Net increase (decrease) in cash and cash equivalents | 37,948 | (285,076) |
Cash and cash equivalents, beginning of period | 698,732 | 468,466 |
Cash and cash equivalents, end of period | $ 736,680 | $ 183,390 |
Organization and Purpose
Organization and Purpose | 9 Months Ended |
Sep. 30, 2022 | |
The Series of Frontier Funds [Member] | |
Organization and Purpose [Line Items] | |
Organization and Purpose | 1. Organization and Purpose Frontier Funds, which is referred to in this report as the “Trust”, was formed on August 8, 2003, as a Delaware statutory trust. Please refer to the 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 (“CFTC”) Regulation § 4.10(d)(2). The Trust has authority to issue separate series, or each, a Series, of units of beneficial interest (the “Units”) pursuant to the requirements of the Delaware Statutory Trust Act, as amended (the “Trust Act”). The assets of each Series are valued and accounted for separately from the assets of other Series. The Trust is not registered as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). It is managed by Frontier Fund Management LLC (the “Managing Owner”). Purchasers of Units are limited owners of the Trust (“Limited Owners”) with respect to beneficial interests of the Series’ Units purchased. The Trust Act provides that, except as otherwise provided in the second amended and restated declaration of trust and trust agreement dated December 9, 2013, as further amended, by and among the Managing Owner, Wilmington Trust Company as trustee and the unitholders, as may be amended from time to time (“Trust Agreement”), unitholders of the Trust will have the same limitation of liability as do stockholders of private corporations organized under the General Corporation Law of the State of Delaware. The Trust Agreement confers substantially the same limited liability, and contains the same limited exceptions thereto, as would a limited partnership agreement for a Delaware limited partnership engaged in like transactions as the Trust. In addition, pursuant to the Trust Agreement, the Managing Owner of the Trust is liable for obligations of a Series in excess of that Series’ assets. Limited Owners do not have any such liability. The Managing Owner will make contributions to the Series of the Trust necessary to maintain at least a 1% interest in the aggregate capital, profits and losses of the combined Series of the Trust. The Trust has been organized to pool investor funds for the purpose of trading in the United States (“U.S.”) and international markets for currencies, interest rates, stock indices, agricultural and energy products, precious and base metals and other commodities. The Trust may also engage in futures contracts, forwards, option contracts and other interest in derivative instruments, including swap contracts. The Trust has seven (7) separate and distinct Series of Units issued and outstanding: Frontier Diversified Fund, Frontier Masters Fund, Frontier Long/Short Commodity Fund, Frontier Balanced Fund, Frontier Select Fund, Frontier Global Fund, and Frontier Heritage Fund, (each a “Series” and collectively, the “Series”). The Trust, with respect to the Series, may issue additional Series of Units. The Trust, with respect to each Series: ● engages in the speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts), and may, from time to time, engage in cash and spot transactions; ● allocates funds to a limited liability trading company or companies (“Trading Company” or “Trading Companies”) and Galaxy Plus (as defined below) entities. Except as otherwise described in these notes, each Trading Company and Galaxy Plus entity has one-year renewable contracts with its own independent commodity trading advisor (s), or each, a Trading Advisor, that will manage all or a portion of such Trading Company’s and Galaxy Plus assets and make the trading decisions for the assets of each Series invested in such Trading Company and Galaxy Plus entity. Each Trading Company and Galaxy Plus entity will segregate its assets from any other Trading Company and Galaxy Plus entity; ● maintains separate, distinct records for each Series, and accounts for the assets of each Series separately from the other Series; ● calculates the Net Asset Value (“NAV”) of its Units for each Series separately from the other Series; ● has an investment objective of increasing the value of each Series’ Units over the long term (capital appreciation), while managing risk and volatility; further, to offer exposure to the investment programs of individual Trading Advisors and to specific instruments; ● maintains each Series of Units in three to seven sub-classes—Class 1, Class 1AP, Class 1a, Class 2, Class 2a, Class 3, and Class 3a. Investors who have purchased Class 1 or Class 1a Units of Frontier Diversified Fund, Frontier Masters Fund, and Frontier Long/Short Commodity Fund are charged a service fee of up to two percent (2.0%) annually of the NAV (of the purchase price, in case of the initial service fee) of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to two percent (2.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 or Class 1a Units of any Series during the first twelve (12) months following the effective date of their purchase are subject to a redemption fee of up to two percent (2.0%) of the purchase price at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. Investors who have purchased Class 1 or Class 1a Units of Frontier Balanced Fund, Frontier Heritage Fund, Frontier Select Fund, and Frontier Global Fund are charged a service fee of up to three percent (3.0%) annually of the NAV (of the purchase price, in case of the initial service fee) of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to selling agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Frontier Diversified Fund, and Frontier Masters Fund or Class 2a Units of the Frontier Long/Short Commodity Fund sold) until such Class 2 or Class 2a Units which are subject to the fee limitation are reclassified as Class 3 or Class 3a Units of the applicable Series. Class 1AP was created as a sub-class of Class 1 and it has been presented separately because the fees applicable to it are different from those applicable to Class 1. Currently the service fee is not charged to Class 1AP investors. The Managing Owner may also pay selling agents certain additional fees and expenses for administrative and other services rendered and expenses incurred by such selling agents; and ● all payments made to selling agents who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and their associated persons that constitute underwriting compensation will be subject to the limitations set forth in Rule 2310(b)(4)(B)(ii) (formerly Rule 2810(b)(4)(B)(ii)) of the Conduct Rules of FINRA (“Rule 2310”). An investor’s Class 1 Units or Class 2 Units of any Series, or Class 1a Units or Class 2a Units of the Frontier Long/Short Commodity Fund or Frontier Balanced Fund will be classified as Class 3 or Class 3a Units of such Series, as applicable, when the Managing Owner determines that the fee limitation set forth in Rule 2310 with respect to such Units has been reached or will be reached. The service fee limit applicable to each unit sold is reached upon the earlier of when (i) the aggregate initial and ongoing service fees received by the selling agent with respect to such unit equals 9% of the purchase price of such unit or (ii) the aggregate underwriting compensation (determined in accordance with FINRA Rule 2310) paid in respect of such unit totals 10% of the purchase price of such unit. No service fees are paid with respect to Class 3 or Class 3a Units. Units of any Class in a Series may be redeemed, in whole or in part, on a daily basis, at the then current NAV per Unit for such Series on the day of the week after the date the Managing Owner is in receipt of a redemption request for at least one (1) business day to be received by the Managing Owner prior to 4:00 PM in New York. The assets of any particular Series include only those funds and other assets that are paid to, held by or distributed to the Trust, 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 September 30, 2022, the Trust, with respect to the Frontier Diversified Fund and Frontier Masters Fund, separates Units into two separate Classes—Class 2, and Class 3. The Trust, with respect to the Frontier Select Fund and Frontier Heritage Fund separates Units into three separate Classes—Class 1, Class 2 and Class 1AP. The Trust, with respect to the Frontier Global Fund, separates Units into two separate Classes—Class 1 and Class 2. The Trust, with respect to the Frontier Balanced Fund, separates Units into five separate Classes—Class 1, Class 1AP, Class 2, Class 2a and Class 3a. The Trust, with respect to the Frontier Long/Short Commodity Fund, separates Units into four separate Classes—Class 2, Class 2a, Class 3 and Class 3a. Between April 15, 2016 and May 10, 2017, a portion of the interests in Frontier Trading Company I, LLC and all of the interests in Frontier Trading Company VII, LLC, Frontier Trading Company XV, LLC, and Frontier Trading Company XXIII LLC held by Frontier Diversified Fund, Frontier Masters Fund, Frontier Select Fund, Frontier Balanced Fund and Frontier Long/Short Commodity Fund were exchanged for equivalent interests in the Galaxy Plus Managed Account Platform (“Galaxy Plus”) which is an unaffiliated, third-party managed account platform. The assets of Frontier Trading Company I, LLC, which included exposure to Quantmetrics Capital Management LLP’s Multi-Strategy Program, Quantitative Investment Management, LLC’s Quantitative Global Program, Quest Partners LLC’s Quest Tracker Index Program, Chesapeake Capital Management, LLC’s Diversified Program, and Doherty Advisors LLC’s Relative Value Moderate Program, the assets of Frontier Trading Company VII, LLC, which included exposure to Emil van Essen LLC’s Multi-Strategy Program, Red Oak Commodity Advisors, Inc.’s Fundamental Diversified Program, Rosetta Capital Management, LLC’s Rosetta Trading Program, and Landmark Trading Company’s Landmark Program, the assets of Frontier Trading Company XV, LLC, which included exposure to Transtrend B.V.’s TT Enhanced Risk (USD) Program, and the assets of Frontier Trading Company XXIII, LLC which included exposure to Fort L.P.’s Global Contrarian Program have been transferred to individual Delaware limited liability companies (“Master Funds”) in Galaxy Plus. Each Master Fund is sponsored and operated by Gemini Alternative Funds, LLC (“Sponsor”). The Sponsor has contracted with the Trading Advisors to manage the portfolios of the Master Funds pursuant to the advisors’ respective program. For those Series that invest in Galaxy Plus, approximately 30-70% of those Series assets are used to support the margin requirements of the Master Funds. The remaining assets of the Series are split between investments in Trading Companies and a pooled cash management account that invests primarily in U.S. Treasury securities. All the funds are invested in Galaxy Plus entities. Each of the Series has invested a portion of its assets in several different Trading Companies or Galaxy Plus entities and one or more Trading Advisors may manage the assets invested in such Trading Companies or Galaxy Plus entities. The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, currency trading companies, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence, bad faith or willful misconduct. |
Frontier Funds [Member] | |
Organization and Purpose [Line Items] | |
Organization and Purpose | 1. Organization and Purpose Frontier Funds, which is referred to in this report as the “Trust”, was formed on August 8, 2003, as a Delaware statutory trust and is set to expire on December 31, 2053. The Trust is a multi-advisor commodity pool, as described in CFTC Regulation § 4.10(d)(2). The Trust has authority to issue separate Series of Units pursuant to the requirements of the Trust Act. The assets of each Series are valued and accounted for separately from the assets of other Series. The Trust is not registered as an investment company under the Investment Company Act. It is managed by the Managing Owner. Purchasers of Units are Limited Owners of the Trust with respect to beneficial interests of the Series’ Units purchased. The Trust Act provides that, except as otherwise provided in the second amended and restated declaration of trust and trust agreement dated December 9, 2013, as further amended, by and among the Managing Owner, Wilmington Trust Company as trustee and the unitholders, as amended from time to time (the “Trust Agreement”), unitholders of the Trust will have the same limitation of liability as do stockholders of private corporations organized under the General Corporation Law of the State of Delaware. The Trust Agreement confers substantially the same limited liability, and contains the same limited exceptions thereto, as would a limited partnership agreement for a Delaware limited partnership engaged in like transactions as the Trust. In addition, pursuant to the Trust Agreement, the Managing Owner of the Trust is liable for obligations of a Series in excess of that Series’ assets. Limited Owners do not have any such liability. The Managing Owner will make contributions to the Series of the Trust necessary to maintain at least a 1% interest in the aggregate capital, profits and losses of all Series. The Trust has been organized to pool investor funds for the purpose of trading in the U.S. and international markets for currencies, interest rates, stock indices, agricultural and energy products, precious and base metals and other commodities. The Trust may also engage in futures contracts, forwards, option contracts and other interest in derivative instruments, including swap contracts. The Trust has seven (7) separate and distinct Series of Units issued and outstanding: Frontier Diversified Fund, Frontier Masters Fund, Frontier Long/Short Commodity Fund, Frontier Balanced Fund, Frontier Select Fund, Frontier Global Fund, and Frontier Heritage Fund. The Trust financial statements are comprised of unitized Series which are consolidated into the Trust financial statements. However, the consolidated Trust does not issue units. The Trust, with respect to each Series: ● engages in the speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts), and may, from time to time, engage in cash and spot transactions; ● allocates funds to a limited liability trading company or companies (“Trading Company” or “Trading Companies”) and Galaxy Plus (as defined below) entities. Except as otherwise described in these notes, each Trading Company and Galaxy Plus entity has one-year renewable contracts with its own independent commodity trading advisor (s), or each, a Trading Advisor, that will manage all or a portion of such Trading Company’s and Galaxy Plus assets and make the trading decisions for the assets of each Series invested in such Trading Company and Galaxy Plus entity. Each Trading Company and Galaxy Plus entity will segregate its assets from any other Trading Company and Galaxy Plus entity. ● maintains separate, distinct records for each Series, and accounts for the assets of each Series separately from the other Series; ● calculates the Net Asset Value (“NAV”) of its Units for each Series separately from the other Series; ● has an investment objective of increasing the value of each Series’ Units over the long term (capital appreciation), while managing risk and volatility; further, to offer exposure to the investment programs of individual Trading Advisors and to specific instruments; ● maintains each Series of Units in three to seven sub-classes—Class 1, Class 1AP, Class 1a, Class 2, Class 2a, Class 3, and Class 3a. Investors who have purchased Class 1 or Class 1a Units of Frontier Diversified Fund, Frontier Masters Fund, and Frontier Long/Short Commodity Fund are charged a service fee of up to two percent (2.0%) annually of the NAV (of the purchase price, in case of the initial service fee) of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to two percent (2.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 or Class 1a Units of any Series during the first twelve(12) months following the effective date of their purchase are subject to a redemption fee of up to two percent (2.0%) of the purchase price at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. Investors who have purchased Class 1 or Class 1a Units of Frontier Balanced Fund, Frontier Heritage Fund, Frontier Select Fund, and Frontier Global Fund are charged a service fee of up to three percent (3.0%) annually of the NAV (of the purchase price, in case of the initial service fee) of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to selling agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2 Units of the Frontier Diversified Fund, and Frontier Masters Fund or Class 2a Units of the Frontier Long/Short Commodity Fund sold) until such Class 2 or Class 2a Units which are subject to the fee limitation are reclassified as Class 3 or Class 3a Units of the applicable Series. Class 1AP was created as a sub-class of Class 1 and it has been presented separately because the fees applicable to it are different from those applicable to Class 1. Currently the service fee is not charged to Class 1AP investors. The Managing Owner may also pay selling agents certain additional fees and expenses for administrative and other services rendered and expenses incurred by such selling agents; and ● all payments made to selling agents who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and their associated persons that constitute underwriting compensation will be subject to the limitations set forth in Rule 2310(b)(4)(B)(ii) (formerly Rule 2810(b)(4)(B)(ii)) of the Conduct Rules of FINRA (“Rule 2310”). An investor’s Class 1 Units or Class 2 Units of any Series, or Class 1a Units or Class 2a Units of the Frontier Long/Short Commodity Fund or Frontier Balanced Fund will be classified as Class 3 or Class 3a Units of such Series, as applicable, when the Managing Owner determines that the fee limitation set forth in Rule 2310 with respect to such Units has been reached or will be reached. The service fee limit applicable to each unit sold is reached upon the earlier of when (i) the aggregate initial and ongoing service fees received by the selling agent with respect to such unit equals 9% of the purchase price of such unit or (ii) the aggregate underwriting compensation (determined in accordance with FINRA Rule 2310) paid in respect of such unit totals 10% of the purchase price of such unit. No service fees are paid with respect to Class 3 or Class 3a Units. Units of any Class in a Series may be redeemed, in whole or in part, on a daily basis, at the then current NAV per Unit for such Series on the day of the week after the date the Managing Owner is in receipt of a redemption request for at least one (1) business day to be received by the Managing Owner prior to 4:00 PM in New York. Frontier Masters Fund Class 1 was closed as of April 1, 2021 and Frontier Diversified Fund Class 1 was closed as of July 21, 2021 The assets of any particular Series include only those funds and other assets that are paid to, held by or distributed to the Trust on account of and for the benefit of that Series. Under the “Inter-Series Limitation on Liability” expressly provided for under Section 3804(a) of the Trust Act, separate and distinct records of the cash and equivalents, although pooled for maximizing returns, are maintained in the books and records of each Series. As of September 30, 2022, the Trust, with respect to the Frontier Diversified Fund and Frontier Masters Fund, separates Units into two separate Classes—Class 2, and Class 3. The Trust, with respect to the Frontier Select Fund and Frontier Heritage Fund separates Units into three separate Classes—Class 1, Class 2 and Class 1AP. The Trust, with respect to the Frontier Global Fund, separates Units into two separate Classes—Class 1 and Class 2. The Trust, with respect to the Frontier Balanced Fund, separates Units into five separate Classes—Class 1, Class 1AP, Class 2, Class 2a and Class 3a. The Trust, with respect to the Frontier Long/Short Commodity Fund, separates Units into four separate Classes—Class 2, Class 2a, Class 3 and Class 3a. Between April 15, 2016 and May 10, 2017, a portion of the interests in Frontier Trading Company I, LLC and all of the interests in Frontier Trading Company VII, LLC, Frontier Trading Company XV, LLC, and Frontier Trading Company XXIII LLC held by Frontier Diversified Fund, Frontier Masters Fund, Frontier Select Fund, Frontier Balanced Fund and Frontier Long/Short Commodity Fund were exchanged for equivalent interests in the Galaxy Plus Managed Account Platform (“Galaxy Plus”) which is an unaffiliated, third-party managed account platform. The assets of Frontier Trading Company I, LLC, which included exposure to Quantmetrics Capital Management LLP’s Multi-Strategy Program, Quantitative Investment Management, LLC’s Quantitative Global Program, Quest Partners LLC’s Quest Tracker Index Program, Chesapeake Capital Management, LLC’s Diversified Program, and Doherty Advisors LLC’s Relative Value Moderate Program, the assets of Frontier Trading Company VII, LLC, which included exposure to Emil van Essen LLC’s Multi-Strategy Program, Red Oak Commodity Advisors, Inc.’s Fundamental Diversified Program, Rosetta Capital Management, LLC’s Rosetta Trading Program, and Landmark Trading Company’s Landmark Program, the assets of Frontier Trading Company XV, LLC, which included exposure to Transtrend B.V.’s TT Enhanced Risk (USD) Program, and the assets of Frontier Trading Company XXIII, LLC which included exposure to Fort L.P.’s Global Contrarian Program have been transferred to individual Delaware limited liability companies (“Master Funds”) in Galaxy Plus. Each Master Fund is sponsored and operated by Gemini Alternative Funds, LLC (“Sponsor”). The Sponsor has contracted with the Trading Advisors to manage the portfolios of the Master Funds pursuant to the advisors’ respective program. For those Series that invest in Galaxy Plus, approximately 30-70% of those Series assets are used to support the margin requirements of the Master Funds. The remaining assets of the Series are split between investments in Trading Companies and a pooled cash management account that invests primarily in U.S. Treasury securities. For those Series that do not invest in Galaxy Plus, their assets are split between investments in Trading Companies and investments in the pooled cash management account. Each of the Series has invested a portion of its assets in several different Trading Companies or Galaxy Plus entities and one or more Trading Advisors may manage the assets invested in such Trading Companies or Galaxy Plus entities. The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, currency trading companies, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence, bad faith or willful misconduct. |
Significant Accounting Policies
Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2022 | |
The Series of Frontier Funds [Member] | |
Significant Accounting Policies [Line Items] | |
Significant Accounting Policies | 2. Significant Accounting Policies The following are the significant accounting policies of the Series of the Trust. Basis of Presentation Consolidation Galaxy Plus entities are co-mingled investment vehicles. In addition to the Series, there are other non-affiliated investors in Galaxy Plus entities. Subscriptions and redemptions by these non-affiliated investors will have a direct impact on the Series’ ownership percentage in Galaxy Plus entities. It is expected that ownership percentage will fluctuate (sometimes significantly) on a week by week basis which could also result in frequent changes in the consolidating Series. Such fluctuations make consolidating the financial statements of the Galaxy Plus entities both impractical and misleading. Non-consolidation of these Galaxy Plus entities presents a more useful financial statement for the readers. As such, management has decided that presenting Galaxy Plus entities on a non-consolidated basis as investments in other investments companies (a “fund of funds” approach) is appropriate and preferable to the users of these financial statements. Refer to Note 5 for additional disclosures related to these private investment companies. Use of Estimates— Cash and Cash Equivalents— Interest Income U.S. Treasury Securities— Fair Value Measurements and Disclosures (“ Receivable From Futures Commission Merchants Investment Transactions— Balance Sheet (“ASC 210” Balance Sheet (Topic 210 Any change in net unrealized gain or loss from the preceding period is reported in the statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest is recognized in the period earned and the instruments are marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the statements of operations. Purchase and Sales of Private Investment Companies Foreign Currency Transactions— Allocation of Earnings— Each Series allocates funds to an affiliated Trading Company, or Companies, of the Trust or unaffiliated Galaxy Plus entity. Each Trading Company allocates all of its daily trading gains or losses to the Series in proportion to each Series’ ownership trading level interest in the Trading Company, adjusted on a daily basis (except for Trading Advisors and other investments such as swaps that are directly allocated to a specific Series). Likewise, trading gains and losses earned and incurred by the Series through their investments in Galaxy Plus entities are allocated to those Series on a daily basis. The allocation of gains and losses in Galaxy Plus entities are based on each Series pro-rata shares of the trading level of that entity which is updated at the beginning of each month or more frequently if there is a subscription or redemption activity in the entity. The value of all open contracts and cash held at clearing brokers is similarly allocated to the Series in proportion to each Series’ funds allocated to the Trading Companies or Galaxy Plus entities. Investments and Swaps Income Taxes Income Taxes The 2018 through 2021 tax years generally remain subject to examination by U.S. federal and most state tax authorities. In the opinion of the Managing Owner, (i) the Trust, with respect to the Series, is treated as a partnership for federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, (ii) the Trust is not a publicly traded partnership treated as a corporation, and (iii) the discussion set forth in the Prospectus under the heading “U.S. Federal Income Tax Consequences” correctly summarizes the material federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Units of the Trust. Fees and Expenses Incentive Fee (rebate) Service Fees Each Series is charged service fees as outlined above. In some cases, amounts paid to selling agents might be less than the amount charged to the Series. When this occurs, the service fee is rebated back to the investor in the form of additional units. During 2019, 2020 and 2021 the Series were not allowed to issue additional units. The Managing Owner has determined that the purchase of additional units of the relevant Series will commence in 2021 when the Series are allowed to sell shares again. As such, the Managing Owner has calculated the amounts for additional units of the relevant series which will be purchased and classified such amounts as Subscriptions in advance for service fee rebates of $22,650, $393, $31,725, $386,354, $21,807, $161,462 and $77,073 for the Frontier Diversified, Long/Short Commodity, Masters, Balanced, Select, Global and Heritage Funds, respectively, as of September 30, 2022. These service fees are part of the offering costs of the Trust, with respect to the Series, which include registration and filing fees, legal and blue sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and enjoys the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. Pending Owner Additions— Owner redemptions payable— Recently Adopted Accounting Pronouncements— Subsequent Events—The Series follow the provisions of ASC 855, Subsequent Events |
Frontier Funds [Member] | |
Significant Accounting Policies [Line Items] | |
Significant Accounting Policies | 2. Significant Accounting Policies The following are the significant accounting policies of the Trust. Basis of Presentation Consolidation The income or loss attributable thereto in proportion of investment level is shown in the statements of operations as change in fair value of investments in unconsolidated Trading Companies or net unrealized gain/(loss) on private investment companies. The Trading Companies and Series of the Trust are consolidated by the Trust. All intercompany transactions have been eliminated in consolidation. Galaxy Plus entities are co-mingled investment vehicles. In addition to the Trust, there are other non-affiliated investors in Galaxy Plus entities. Subscriptions and redemptions by these non-affiliated investors will have a direct impact on the Trust’s ownership percentage in Galaxy Plus entities. It is expected that ownership percentage will fluctuate (sometimes significantly) on a week by week basis which could also result in frequent changes in the consolidating Series. Such fluctuations make consolidating the financial statements of the Galaxy Plus entities both impractical and misleading. Non-consolidation of these Galaxy Plus entities presents a more useful financial statement for the readers. As such, management has decided that presenting Galaxy Plus entities on a non-consolidated basis as investments in other investments companies (a “fund of funds” approach) is appropriate and preferable to the users of these financial statements. Refer to Note 5 for additional disclosures related to these private investment companies. Use of Estimates— Cash and Cash Equivalents— Interest Income U.S. Treasury Securities— Fair Value Measurements and Disclosures (“ Receivable from Futures Commission Merchants Investment Transactions—Futures, options on futures, forward and swap contracts are recorded on a trade date basis and realized gains or losses are recognized when contracts are settled. Unrealized gains or losses on open contracts (the difference between contract trade price and market price) are reported in the consolidated statements of financial condition as a net unrealized gain or loss, as there exists a right of offset of unrealized gains or losses in accordance with FASB ASC 210, Balance Sheet (“ASC 210” Balance Sheet (Topic 210 Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest was recognized in the period earned and the instruments were marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the consolidated statements of operations. Purchase and Sales of Private Investment Companies Foreign Currency Transactions— Allocation of Earnings— Each Series allocates funds to an affiliated Trading Company, or Companies, of the Trust, or unaffiliated Galaxy Plus entity. Each Trading Company allocates all of its daily trading gains or losses to the Series in proportion to each Series’ ownership trading level interest in the Trading Company, adjusted on a daily basis (except for Trading Advisors and other investments such as swaps that are directly allocated to a specific series). Likewise, trading gains and losses earned and incurred by the Series through their investments in Galaxy Plus entities are allocated to those Series on a daily basis. The allocation of gains and losses in Galaxy Plus entities are based on each Series pro-rata shares of the trading level of that entity which is updated at the beginning of each month or more frequently if there is a subscription or redemption activity in the entity. The value of all open contracts and cash held at clearing brokers is similarly allocated to the Series in proportion to each Series’ funds allocated to the Trading Companies or Galaxy Plus entities. Investments and Swaps— Income Taxes The 2018 through 2021 tax years generally remain subject to examination by U.S. federal and most state tax authorities. In the opinion of the Managing Owner, (i) the Trust is treated as a partnership for Federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, (ii) the Trust is not a publicly traded partnership treated as a corporation, and (iii) the discussion set forth in the Prospectus under the heading “U.S. Federal Income Tax Consequences” correctly summarizes the material Federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Series Units of the Trust. Fees and Expenses— Incentive Fee (rebate)— Service Fees Each Series is charged service fees as outlined above. In some cases, amounts paid to selling agents might be less than the amount charged to the Series. When this occurs, the service fee is rebated back to the investor in the form of additional units. During 2021, 2020 and 2019, the Series were not allowed to issue additional units. The Managing Owner has determined that the purchase of additional units of the relevant Series will commence in 2021 when the Series are allowed to sell shares again. As such, the Managing Owner has calculated the amounts for additional units of the relevant series which will be purchased and classified such amounts as Subscriptions in advance for service fee rebates of $701,464 and $673,809 as of September 30, 2022 and December 31, 2021, respectively. These service fees are part of the offering costs of the Trust, which include registration and filing fees, legal and blue1 sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and enjoys the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. Pending Owner Additions— Owner redemptions payable— Recently Adopted Accounting Pronouncements— Subsequent Events Subsequent Events |
Fair Value Measurements
Fair Value Measurements | 9 Months Ended |
Sep. 30, 2022 | |
The Series of Frontier Funds [Member] | |
Fair Value Measurements [Line Items] | |
Fair Value Measurements | 3. Fair Value Measurements In connection with the valuation of investments the Series apply ASC 820. ASC 820 provides clarification that when a quoted price in an active market for the identical asset or liability is not available, a reporting entity is required to measure fair value using certain techniques. ASC 820 also clarifies that when estimating the fair value of an asset or liability, a reporting entity is not required to include a separate input or adjustment to other inputs relating to the existence of a restriction that prevents the transfer of an asset or liability. ASC 820 also clarifies that both a quoted price in an active market for the identical asset or liability at the measurement date and the quoted price for the identical asset or liability when traded as an asset in an active market when no adjustments to the quoted price of the asset are required are Level 1 fair value measurements. Level 1 Inputs Unadjusted quoted prices in active markets for identical financial assets that the reporting entity has the ability to access at the measurement date. Level 2 Inputs Inputs other than quoted prices included in Level 1 that are observable for the financial assets or liabilities, either directly or indirectly. These might include quoted prices for similar financial assets in active markets, quoted prices for identical or similar financial assets in markets that are not active, inputs other than quoted prices that are observable for the financial assets or inputs that are derived principally from or corroborated by market data by correlation or other means. Level 3 Inputs Unobservable inputs for determining the fair value of financial assets that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the financial asset. The Trust, with respect to the Series, uses the following methodologies to value instruments within its financial asset portfolio at fair value: Trading Securities Swap Contracts. Swap contracts are reported at fair value. Valuation reports are generated and disseminated daily from the swap counterparty to the third-party administrator. The fair value is applied by the third-party administrator to calculate the daily performance. The Managing Owner reviews the third-party administrator performance reports and any noticeable exceptions are investigated. Unexplained exceptions are escalated to the Managing Owner’s Valuation Committee for further evaluation and resolution. Swap contracts are reported at fair value using Level 3 inputs. Investment in Unconsolidated Trading Companies Investments in Private Investment Companies The following table summarizes investment in each Series measured at fair value on a recurring basis as of September 30, 2022 and December 31, 2021 segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value. September 30, 2022 Practical Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 36,610 $ - $ - $ - $ 36,610 U.S. Treasury Securities - 81,003 - - 81,003 Frontier Masters Fund Investment in Unconsolidated Trading Companies 18,469 - - - 18,469 U.S. Treasury Securities - 40,864 - - 40,864 Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 21,415 - - - 21,415 U.S. Treasury Securities - 47,383 - - 47,383 Frontier Balanced Fund Investment in Unconsolidated Trading Companies 56,350 - - 56,350 Open Trade Equity (Deficit) - 4,615 - - 4,615 U.S. Treasury Securities 124,679 - - 124,679 Frontier Select Fund Investment in Unconsolidated Trading Companies 19,710 - - - 19,710 U.S. Treasury Securities - 43,611 - - 43,611 Frontier Global Fund Investment in Unconsolidated Trading Companies 66,735 - - - 66,735 U.S. Treasury Securities - 147,657 - - 147,657 Frontier Heritage Fund Investment in Unconsolidated Trading Companies 54,249 - - - 54,249 U.S. Treasury Securities - 120,029 - - 120,029 December 31, 2021 Practical Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 30,788 $ - $ - $ - $ 30,788 U.S. Treasury Securities - 33,274 - - 33,274 Frontier Masters Fund Investment in Unconsolidated Trading Companies 14,270 - - - 14,270 U.S. Treasury Securities - 15,422 - - 15,422 Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 7,541 - - - 7,541 U.S. Treasury Securities - 8,148 - - 8,148 Frontier Balanced Fund Investment in Unconsolidated Trading Companies 34,977 - - - 34,977 Open Trade Equity (Deficit) - 14,836 - - 14,836 U.S. Treasury Securities - 37,801 - - 37,801 Frontier Select Fund Investment in Unconsolidated Trading Companies 9,514 - - - 9,514 U.S. Treasury Securities - 10,282 - - 10,282 Frontier Global Fund Investment in Unconsolidated Trading Companies 23,818 - - - 23,818 U.S. Treasury Securities - 25,740 - - 25,740 Frontier Heritage Fund Investment in Unconsolidated Trading Companies 9,087 - - - 9,087 U.S. Treasury Securities - 9,820 - - 9,820 |
Frontier Funds [Member] | |
Fair Value Measurements [Line Items] | |
Fair Value Measurements | 3. Fair Value Measurements In connection with the valuation of investments the Trust applies ASC 820, Fair Value Measurement (“ASC 820”) 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. Investments in Private Investment Companies The following table summarizes the instruments that comprise the Trust’s financial asset portfolio, in aggregate, measured at fair value on a recurring basis as of September 30, 2022 and December 31, 2021, segregated by the level of valuation inputs within the fair value hierarchy utilized to measure fair value: September 30, 2022 Level 1 Level 2 Level 3 Fair Value Open Trade Equity (Deficit) $ 4,615 $ - $ - $ 4,615 U.S. Treasury Securities 605,226 - - 605,226 December 31, 2021 Level 1 Level 2 Level 3 Fair Value Open Trade Equity (Deficit) $ 14,836 $ - $ - $ 14,836 U.S. Treasury Securities 140,487 - - 140,487 |
Swap Contracts
Swap Contracts | 9 Months Ended |
Sep. 30, 2022 | |
The Series of Frontier Funds [Member] | |
Swap Contracts [Line Items] | |
Swap Contracts | 4. Swap Contracts In addition to authorizing Trading Advisors to manage predetermined investment levels of futures, option on futures and forward contracts, certain Series of the Trust will strategically invest a portion or all of their assets in total return swaps, selected at the direction of the Managing Owner. Total return swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more investment products or indices. In a typical total return swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a “basket” of securities. Each Series’ investment in swaps will likely differ substantially over time due to cash flows, portfolio management decisions and market movements. The swaps serve to diversify the investment holdings of each Series and to provide access to programs and advisors that would not be otherwise available to the Series, and are not used for hedging purposes. The Managing Owner follows a procedure in selecting well-established financial institutions which the Managing Owner, in its sole discretion, considers to be reputable, reliable, financially responsible and well established to act as swap counterparties. The procedure includes due diligence review of documentation on all new and existing financial institution counterparties prior to initiation of the relationship, and quarterly ongoing review during the relationship, to ensure that counterparties meet the Managing Owner’s minimum credit requirements, the counterparty average rating being no less than an investment grade rating as defined by the rating agencies. As of June 30, 2022, none of the Trust’s assets were deposited with over-the-counter counterparties in order to initiate and maintain swaps and is recorded as collateral within the swap fair value within the Statements of Financial Condition. The cash held with the counterparty is not restricted. The Series may strategically invest assets in one or more swaps linked to certain underlying investments or indices at the direction of the Managing Owner. The Trading Company in which the assets of these Series will be invested will not own any of the investments or indices referenced by any swap entered into by these Series. In addition, neither the swap counterparty to the Trading Company of these Series nor any advisor referenced by any such swap is a Trading Advisor to these Series. To help to reduce counterparty risk on the Series, the Managing Owner has the right to reduce the Series’ exposure and remove cash from the Series’ total return swaps with Deutsche Bank AG. This cash holding shall be in excess of $250,000 and may not exceed 40% of the index exposure in total. Index exposure is defined as the total notional amount plus any profit. The Series are charged interest on this cash holding and any amount removed will be offset against the final settlement value of the swap. All swap investments were liquidated in the year 2020. |
Frontier Funds [Member] | |
Swap Contracts [Line Items] | |
Swap Contracts | 4. Swap Contracts In addition to authorizing Trading Advisors to manage predetermined investment levels of futures and forward contracts, certain Series of the Trust will strategically invest a portion or all of their assets in total return swaps, selected at the direction of the Managing Owner. Total return swaps are privately negotiated contracts designed to provide investment returns linked to those produced by one or more investment products or indices. In a typical total return swap, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on one or more particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a “notional amount” (i.e., the amount or value of the underlying asset used in computing the particular interest rate, return, or other amount to be exchanged) in a particular investment, or in a “basket” of securities. The Trust’s investment in swaps will likely differ substantially over time due to cash flows, portfolio management decisions and market movements. The swaps serve to diversify the investment holdings of the Trust and to provide access to programs and advisors that would not be otherwise available to the Trust and are not used for hedging purposes. The Managing Owner follows a procedure in selecting well-established financial institutions which the Managing Owner, in its sole discretion, considers to be reputable, reliable, financially responsible and well established to act as swap counterparties. The procedure includes due diligence review of documentation on all new and existing financial institution counterparties prior to initiation of the relationship, and quarterly ongoing review during the relationship, to ensure that counterparties meet the Managing Owner’s minimum credit requirements, the counterparty average rating being no less than an investment grade rating as defined by the rating agencies. As of December 31, 2020, all swaps were sold so that no Trust’s assets were deposited with over-the-counter counterparties. The Trust strategically invests assets in one or more swaps linked to certain underlying investments or indices at the direction of the Managing Owner. The Trading Company in which the assets of the Trust will be invested will not own any of the investments or indices referenced by any swap entered into by the Trust. In addition, neither the swap counterparty nor any advisor referenced by any such swap is a Trading Advisor to the Trust. To help to reduce counterparty risk on the Series, the Managing Owner has the right to reduce the Series’ exposure and remove cash from the Series’ total return swaps with Deutsche Bank AG. This cash holding shall be in excess of $250,000 and may not exceed 40% of the index exposure in total. Index exposure is defined as the total notional amount plus any profit. The Series are charged interest on this cash holding and any amount removed will be offset against the final settlement value of the swap. The Frontier Select Fund (through its investment in an unconsolidated trading company) and Frontier Heritage Fund Brevan Howard swap investments were liquidated on May 30, 2020 and Frontier Balanced Fund, Frontier Long/Short Commodity Fund, Frontier Diversified Fund TRS swap investment were liquidated on December 21, 2020. |
Investments in Unconsolidated T
Investments in Unconsolidated Trading Companies and Private Investment Companies | 9 Months Ended |
Sep. 30, 2022 | |
The Series of Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies [Line Items] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies | 5. Investments in Unconsolidated Trading Companies and Private Investment Companies Investments in unconsolidated Trading Companies and private investment companies represent cash and open trade equity invested in the Trading Companies and private investment companies and cumulative trading profits or losses allocated to each Series by the Trading Companies and private investment companies. Trading Companies and private investment companies allocate trading profits or losses on the basis of the proportion of each Series’ capital allocated for trading to each respective Trading Company, which bears no relationship to the amount of cash invested by a Series in the Trading Company and private investment companies. The Trading Companies are valued using the equity method of accounting, which approximates fair value. Investments in private investment companies are valued using the NAV provided by the underlying private investment. The Galaxy Plus entities are made up a feeder funds in which the Series invest and master trading entities into which the feeder funds invest. No investment held by the Galaxy Plus master trading entity is greater than 5% of the Series’ total capital. The following table summarizes each of the Series’ investments in unconsolidated Trading Companies as of September 30, 2022 and December 31, 2021: As of September 30, 2022 As of December 31, 2021 Percentage of Percentage of Series Total Series Total Capital Invested in Capital Invested in Series Unconsolidated Trading Companies Fair Value Unconsolidated Trading Companies Fair Value Frontier Diversified Series — Frontier Trading Company XXXVIII 1.04 % $ 36,610 1.02 % $ 30,788 Frontier Masters Fund --- Frontier Trading Company XXXVIII 1.87 % $ 18,469 2.02 % $ 14,270 Frontier Long/Short Commodity Fund --- Frontier Trading Company XXXVIII 1.28 % $ 21,415 0.61 % $ 7,541 Frontier Balanced Fund --- Frontier Trading Company XXXVIII 0.47 % $ 56,350 0.37 % $ 34,977 Frontier Select Fund --- Frontier Trading Companies XXXVIII 0.88 % $ 19,710 0.67 % $ 9,514 Frontier Global Fund --- Frontier Trading Company XXXVIII 1.89 % $ 66,735 1.13 % $ 23,818 Frontier Heritage Fund --- Frontier Trading Company XXXVIII 1.35 % $ 54,249 0.39 % $ 9,087 The following tables summarize each of the Series’ equity in earnings from unconsolidated Trading Companies and private investment companies for the three and nine months ended September 30, 2022 and September 30, 2021. Three months ended September 30, 2022 and 2021 Three Months Ended September, 2022 Three Months Ended September, 2021 Trading Realized Change in Net Income Trading Realized Change in Net Income Frontier Balanced Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 421 $ 421 $ - $ - $ (7,892 ) $ (7,892 ) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (1,040 ) 452,263 (88,970 ) 362,253 (1,527 ) 17,408 55,124 71,005 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (736 ) (52,022 ) (71,659 ) (124,417 ) (5,970 ) 169,823 (627,689 ) (463,836 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (5,506 ) 42 (505,134 ) (510,598 ) (3,803 ) (30,844 ) 222,902 188,255 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (1,601 ) 6,867 206,639 211,905 (4,627 ) 4,082 (85,162 ) (85,707 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (4,678 ) 188,433 (28,658 ) 155,097 (13,098 ) 183,530 (9,760 ) 160,672 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - - - - (1,703 ) (20,009 ) 22,204 492 Galaxy Plus Fund – Quantica Managed Futures Master Fund (507) LLC) (617 ) 87,512 (11,558 ) 75,337 - - - - Total $ (14,178 ) $ 683,095 $ (498,919 ) $ 169,998 $ (30,728 ) $ 323,990 $ (430,273 ) $ (137,011 ) Frontier Global Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 7,397 $ 7,397 $ - $ - $ 829 $ 829 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (1,329 ) 288,046 192,153 478,870 (2,503 ) 28,130 73,429 99,056 Total $ (1,329 ) $ 288,046 $ 199,550 $ 486,267 $ (2,503 ) $ 28,130 74,258 $ 99,885 Frontier Select Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 5,275 $ 5,275 $ - $ - $ (69 ) $ (69 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (2,281 ) 32,649 38,286 68,654 (4,877 ) 67,663 (7,516 ) 55,270 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - - - - (686 ) (8,299 ) 7,373 (1,612 ) Galaxy Plus Fund – Quantica Managed Futures Master Fund (507) LLC) (255 ) 23,948 4,901 28,594 - - - - Total $ (2,536 ) $ 56,597 $ 48,462 $ 102,523 $ (5,563 ) $ 59,364 $ (212 ) $ 53,589 Frontier Heritage Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 7,444 $ 7,444 $ - $ - $ 981 $ 981 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (1,086 ) 193,955 183,775 376,644 (1,439 ) 16,356 41,181 56,098 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (1,685 ) 7,310 48,844 54,469 (4,691 ) 66,486 (7,146 ) 54,649 - Total $ (2,771 ) $ 201,265 $ 240,063 $ 438,557 $ (6,130 ) $ 82,842 $ 35,016 $ 111,728 Frontier Long/Short Commodity Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 4,928 $ 4,928 $ - $ - $ (7 ) $ (7 ) Galaxy Plus Fund - LRR Feeder Fund (522) LLC (132 ) 824 20,300 20,992 (120 ) 26,360 (23,799 ) 2,441 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (1,114 ) 9,642 23,276 31,804 (2,730 ) 38,119 (5,606 ) 29,783 Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC (363 ) 4,820 1,301 5,758 (3,298 ) 86,851 (96,446 ) (12,893 ) Total $ (1,609 ) $ 15,286 $ 49,805 $ 63,482 $ (6,148 ) $ 151,330 $ (125,858 ) $ 19,324 Frontier Diversified Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 7,026 $ 7,026 $ - $ - $ (449 ) $ (449 ) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (375 ) 125,128 7,414 132,167 (640 ) 7,312 23,964 30,636 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (407 ) (17,962 ) (48,490 ) (66,859 ) (2,513 ) 71,506 (271,402 ) (202,409 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (1,351 ) 11 (126,844 ) (128,184 ) (870 ) (6,983 ) 50,260 42,407 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (602 ) 1,631 78,920 79,949 (2,008 ) 1,764 (37,507 ) (37,751 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (1,114 ) 32,189 6,547 37,622 (2,389 ) 33,745 (2,180 ) 29,176 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - - - - (379 ) (4,507 ) 4,402 (484 ) Galaxy Plus Fund – Quantica Managed Futures Master Fund (507) LLC) (109 ) 26,364 (17,208 ) 9,047 - - - - Total $ (3,958 ) $ 167,361 $ (92,635 ) $ 70,768 $ (8,799 ) $ 102,837 $ (232,912 ) $ (138,874 ) Frontier Masters Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 2,849 $ 2,849 $ - $ - $ (50 ) $ (50 ) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (152 ) 41,926 13,616 55,390 (296 ) 3,396 11,798 14,898 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (440 ) 11,840 5,589 16,989 (1,258 ) 17,769 (1,385 ) 15,126 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - - - - (208 ) (2,486 ) 2,113 (581 ) Galaxy Plus Fund – Quantica Managed Futures Master Fund (507) LLC) (88 ) 4,612 8,503 13,027 - - - - Total $ (680 ) $ 58,378 $ 30,557 $ 88,255 $ (1,762 ) $ 18,679 $ 12,476 $ 29,393 Nine months ended September 30, 2022 and 2021 Nine Months Ended September, 2022 Nine Months Ended September, 2021 Trading Realized Change in Net Income Trading Realized Change in Net Income Frontier Balanced Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 49,885 $ 49,885 $ - $ - $ (36,142 ) $ (36,142 ) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (3,291 ) 563,544 1,119,184 1,679,437 (4,108 ) 173,578 114,603 284,073 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC - - - - - (433 ) - (433 ) Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC - - - - - 252 - 252 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (7,304 ) (118,006 ) (1,205,437 ) (1,330,747 ) (19,136 ) 464,263 (786,970 ) (341,843 ) Galaxy Plus Fund - LRR Feeder Fund (522) LLC - - - - - (1,910 ) - (1,910 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (15,581 ) 15,020 421,812 421,251 (9,204 ) (233,955 ) 56,175 (186,984 ) Galaxy Plus Fund - Quest Feeder Fund (517) LLC (5,289 ) 83,798 1,101,639 1,180,148 (13,536 ) 121,430 (7,184 ) 100,710 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (17,203 ) 391,790 1,065,639 1,440,226 (39,426 ) 996,949 146,910 1,104,433 Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (1,885 ) 130,311 730,608 859,034 - - - - Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - (1,267,769 ) 1,265,738 (2,031 ) (3,787 ) (448,411 ) 368,448 (83,750 ) Total $ (50,553 ) $ (201,312 ) $ 4,549,068 $ 4,297,203 $ (89,197 ) $ 1,071,763 $ (144,160 ) $ 838,406 Frontier Global Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 18,704 $ 18,704 $ - $ - $ 13,159 $ 13,159 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (4,120 ) 652,634 1,563,577 2,212,091 (6,827 ) 293,622 80,258 367,053 Total $ (4,120 ) $ 652,634 $ 1,582,281 $ 2,230,795 $ (6,827 ) $ 293,622 $ 93,417 $ 380,212 Frontier Select Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 12,104 $ 12,104 $ - $ - $ 6,956 $ 6,956 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC - - - - - 387 - 387 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (7,638 ) 125,636 552,436 670,434 (13,325 ) 321,795 38,851 347,321 Galaxy Plus Fund - TT Feeder Fund (531) LLC - - - - - 864 - 864 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - (577,421 ) 576,576 (845 ) (1,599 ) (198,484 ) 149,525 (50,558 ) Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (730 ) 40,012 282,901 322,183 - - - - Total $ (8,368 ) $ (411,773 ) $ 1,424,017 $ 1,003,876 $ (14,924 ) $ 124,562 $ 195,332 $ 304,970 Frontier Heritage Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 17,402 $ 17,402 $ - $ - $ 11,448 $ 11,448 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (3,283 ) 332,745 1,366,680 1,696,142 (3,865 ) 161,521 26,673 184,329 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (5,856 ) 101,489 415,289 510,922 (12,655 ) 302,134 31,369 320,848 Total $ (9,139 ) $ 434,234 $ 1,799,371 $ 2,224,466 $ (16,520 ) $ 463,655 $ 69,490 $ 516,625 Frontier Long/Short Commodity Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 13,196 $ 13,196 $ - $ - $ 9,914 $ 9,914 Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC - - - - - 36 - 36 Galaxy Plus Fund - LRR Feeder Fund (522) LLC (852 ) (24,735 ) 158,580 132,993 (543 ) 152,407 (126,776 ) 25,088 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (3,815 ) 65,193 271,287 332,665 (7,233 ) 173,929 14,090 180,786 Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) (3,241 ) 819 123,766 121,344 (7,807 ) 107,810 (88,398 ) 11,605 Total $ (7,908 ) $ 41,277 $ 566,829 $ 600,198 $ (15,583 ) $ 434,182 $ (191,170 ) $ 227,429 Frontier Diversified Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 23,672 $ 23,672 $ - $ - $ 2,039 $ 2,039 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (1,221 ) 204,523 429,606 632,908 (2,057 ) 83,740 55,185 136,868 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC - - - - - (245 ) - (245 ) Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC - - - - - 157 - 157 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (3,876 ) (34,949 ) (655,158 ) (693,983 ) (8,665 ) 136,292 (259,205 ) (131,578 ) Galaxy Plus Fund - LRR Feeder Fund (522) LLC - - - - - (1,166 ) - (1,166 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (3,699 ) 4,154 83,876 84,331 (2,224 ) (57,849 ) 6,460 (53,613 ) Galaxy Plus Fund - Quest Feeder Fund (517) LLC (2,210 ) 44,456 415,959 458,205 (7,103 ) 62,491 48,289 103,677 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (3,981 ) 88,311 259,627 343,957 (6,964 ) 172,937 30,463 196,436 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - (475,536 ) 475,137 (399 ) (858 ) (104,890 ) 85,736 (20,012 ) Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (353 ) 38,233 124,568 162,448 - - - - Total $ (15,340 ) $ (130,808 ) $ 1,157,287 $ 1,011,139 $ (27,871 ) $ 291,467 $ (31,033 ) $ 232,563 Frontier Masters Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 8,778 $ 8,778 $ - $ - $ 9,882 $ 9,882 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (486 ) 85,405 176,727 261,646 (1,068 ) 39,319 11,837 50,088 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC - - - - - (58 ) - (58 ) Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC - - - - - 52 - 52 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (1,657 ) 94,111 64,931 157,385 (3,592 ) 91,267 10,976 98,651 Galaxy Plus Fund - TT Feeder Fund (531) LLC - - - - - 520 - 520 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - (318,723 ) 318,481 (242 ) (536 ) (72,777 ) 50,005 (23,308 ) Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (231 ) 6,055 95,129 100,953 - - - - Total $ (2,374 ) $ (133,152 ) $ 664,046 $ 528,520 $ (5,196 ) $ 58,323 $ 82,700 $ 135,827 The Series’ investments in private investment companies as of September 30, 2022 have certain redemption and liquidity restrictions which are described in the following table: Redemptions Redemptions Liquidity Notice Period Permitted Restrictions Frontier Diversified Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None Frontier Masters Fund Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Weekly None Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Frontier Long/Short Commodity Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) 24 hours Daily None Frontier Balanced Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None Frontier Select Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Frontier Global Fund Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Frontier Heritage Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None |
Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies [Line Items] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies | 5. Investments in Private Investment Companies Investments in private investment companies represent cash and open trade equity invested in the private investment companies as well as the cumulative trading profits or losses allocated to the Trust by the private investment companies. Private investment companies allocate trading profits or losses on the basis of the proportion of the Trust’s capital allocated for trading to each respective private investment company, which bears no relationship to the amount of cash invested by the Trust in the private investment companies. Investments in private investment companies are valued using the NAV provided by the underlying private investment. The Galaxy Plus structure is made up of feeder funds in which the Trust invests and master trading entities into which the feeder funds invest. No investment held by a Galaxy Plus master trading entity is greater than 5% of the Trust’s total capital. The following table summarizes the Trust’s equity in earnings from each of the private investment companies during the three and nine months ended September 30, 2022 and 2021: Three months ended September 30, 2022 and 2021 Three Months Ended September, 2022 Three Months Ended September, 2021 Change in Change in Trading Realized Unrealized Net Income Trading Realized Unrealized Net Income Commissions Gain/(Loss) Gain/(Loss) (Loss) Commissions Gain/(Loss) Gain/(Loss) (Loss) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC $ (3,982 ) $ 1,101,318 $ 307,988 $ 1,405,324 $ (6,405 ) $ 72,602 $ 205,496 $ 271,693 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (1,143 ) (69,984 ) (120,149 ) (191,276 ) (8,483 ) 241,329 (899,091 ) (666,245 ) Galaxy Plus Fund - LRR Feeder Fund (522) LLC (132 ) 824 20,300 20,992 (120 ) 26,360 (23,799 ) 2,441 Galaxy Plus Fund - QIM Feeder Fund (526) LLC (6,857 ) 53 (631,978 ) (638,782 ) (4,673 ) (37,827 ) 273,162 230,662 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (2,203 ) 8,498 285,559 291,854 (6,635 ) 5,846 (122,669 ) (123,458 ) Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC - 5,168 30,172 35,340 - - (1,847 ) (1,847 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (11,312 ) 282,063 93,884 364,635 (29,043 ) 407,312 (33,593 ) 344,676 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - - - - (2,976 ) (35,301 ) 36,092 (2,185 ) Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC (363 ) 4,820 1,301 5,758 (3,298 ) 86,851 -96446 (12,893 ) Galaxy Plus Fund – Quantica Managed Futures Master Fund (507) LLC) (1,069 ) 142,436 (15,362 ) 126,005 - - - - Total $ (27,061 ) $ 1,475,196 $ (28,285 ) $ 1,419,850 $ (61,633 ) $ 767,172 $ (662,695 ) $ 42,844 Nine months ended September 30, 2022 and 2021 Nine Months Ended September, 2022 Nine Months Ended September, 2021 Change in Change in Trading Realized Unrealized Net Income Trading Realized Unrealized Net Income Commissions Gain/(Loss) Gain/(Loss) (Loss) Commissions Gain/(Loss) Gain/(Loss) (Loss) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC $ (12,401 ) $ 1,838,851 $ 4,655,774 $ 6,482,224 $ (17,925 ) $ 751,780 $ 288,555 $ 1,022,410 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC - - - - - (349 ) - (349 ) Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC - - - - - 497 - 497 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (11,180 ) (152,955 ) (1,860,595 ) (2,024,730 ) (27,801 ) 600,555 (1,046,175 ) (473,421 ) Galaxy Plus Fund - LRR Feeder Fund (522) LLC (852 ) (24,735 ) 158,580 132,993 (543 ) 149,331 (126,776 ) 22,012 Galaxy Plus Fund - QIM Feeder Fund (526) LLC (19,280 ) 19,174 505,688 505,582 (11,428 ) (291,804 ) 62,635 (240,597 ) Galaxy Plus Fund - Quest Feeder Fund (517) LLC (7,499 ) 128,254 1,517,598 1,638,353 (20,639 ) 183,921 41,105 204,387 Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC - 124,760 18,981 143,741 - - 42,887 42,887 Galaxy Plus Fund - TT Feeder Fund (531) LLC - - - - - 1,384 - 1,384 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (40,150 ) 866,530 2,629,209 3,455,589 (83,195 ) 2,059,011 272,659 2,248,475 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - (2,639,449 ) 2,635,932 (3,517 ) (6,780 ) (824,562 ) 653,714 (177,628 ) Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) (3,241 ) 819 123,766 121,344 (7,807 ) 107,810 (88,398 ) 11,605 Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (3,199 ) 214,611 1,233,206 1,444,618 - - - - Total $ (97,802 ) $ 375,860 $ 11,618,139 $ 11,896,197 $ (176,118 ) $ 2,737,574 $ 100,206 $ 2,661,662 The Trust’s investments in private investment companies have certain redemption and liquidity restrictions which are described in the following table: Redemptions Redemptions Liquidity Notice Period Permitted Restrictions Frontier Funds Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None |
Transactions with Affiliates
Transactions with Affiliates | 9 Months Ended |
Sep. 30, 2022 | |
The Series of Frontier Funds [Member] | |
Transactions with Affiliates [Line Items] | |
Transactions with Affiliates | 6. Transactions with Affiliates The Managing Owner contributes funds to the Trust, with respect to the Series, in order to have a 1% interest (“Minimum Purchase Commitment”) in the aggregate capital, profits and losses of all Series and in return will receive units designated as general units in the Series in which the Managing Owner invests such funds. The general units may only be purchased by the Managing Owner and may be subject to no management fees or management fees at reduced rates. Otherwise, the general units hold the same rights as the limited units. The Managing Owner will make contributions to the Series of the Trust necessary to maintain at least a 1% interest in the aggregate capital, profits and losses of the combined Series of the Trust. Such contribution was made by the Managing Owner before trading commenced for the Trust and will be maintained throughout the existence of the Trust, and the Managing Owner will make such purchases as are necessary to effect this requirement. Additionally, the Managing Owner agreed with certain regulatory bodies to maintain a 1% interest specifically in the Frontier Balanced Fund Class 1AP and 2a Units, aggregated, and each of the Frontier Long/Short Commodity Fund, Frontier Diversified Fund and Frontier Masters Fund. The 1% interest in these specific Series is included in computing the Minimum Purchase Commitment in aggregate capital. In addition to the general units the Managing Owner receives in respect of its Minimum Purchase Commitment, the Managing Owner may purchase limited units in any Series as a Limited Owner. Principals of the Managing Owner or affiliates are allowed to own beneficial interests in the Trust, with respect to the Series, as well. All Units purchased by the Managing Owner are held for investment purposes only and not for resale. The Managing Owner may make purchases or redemptions at any time on the same terms as any Limited Owner. The Trust has and will continue to have certain relationships with the Managing Owner and its affiliates. Expenses Management Fees— The management fee as a percentage of the applicable Series’ notional assets will be greater than the percentage of the applicable Series’ net asset value to the extent that the notional assets of the Series exceeds its net asset value. The Managing Owner expects that the notional assets of each Series will generally be maintained at a level in excess of the net asset value of such Series and such excess may be substantial to the extent the Managing Owner deems necessary to achieve the desired level of volatility. Trading Fees— Incentive Fees— Service Fees— Units of the Frontier Diversified Fund and Frontier Masters Fund or Class 2a Units of the Frontier Long/Short Commodity Fund sold) until such Class 2 or Class 2a Units which are subject to the fee limitation are reclassified as Class 3 or Class 3a Units of the applicable Series for administrative purposes. Currently the service fee is not charged to Class 1AP investors. The Managing Owner may also pay selling agents certain additional fees and expenses for administrative and other services rendered and expenses incurred by such selling agents. The Managing Owner has determined that the purchase of additional units of the relevant series will commence in 2022. As such, the Managing Owner has calculated the amounts for additional units of the relevant series which will be purchased and classified such amounts as Subscriptions in advance for service fee rebates of $22,650, $393, $31,725, $386,354, $21,807, $161,462 and $77,073 for the Frontier Diversified, Long/Short Commodity, Masters, Balanced, Select, Global and Heritage Funds, respectively, as of September 30, 2022. The following table summarizes fees earned by the Managing Owner for the three and nine months ended September 30, 2022 and September 30, 2021, respectively. Three Months Ended September 30, 2022 Incentive Management Service Fee Trading Fee Frontier Diversified Fund $ - $ - $ 285 $ 30,682 Frontier Masters Fund - - 149 14,561 Frontier Long/Short Commodity Fund - - 75 11,590 Frontier Balanced Fund 119,673 4,568 64,895 122,548 Frontier Select Fund - - 14,259 16,106 Frontier Global Fund - - 22,097 38,321 Frontier Heritage Fund - - 24,582 37,296 Three Months Ended September 30, 2021 Incentive Management Service Fee Trading Fee Frontier Diversified Fund $ - $ - $ 310 $ 29,513 Frontier Masters Fund - - 135 12,339 Frontier Long/Short Commodity Fund - - 58 10,055 Frontier Balanced Fund 54,924 4,764 62,976 108,142 Frontier Select Fund - - 11,949 12,176 Frontier Global Fund - - 17,993 34,334 Frontier Heritage Fund - - 16,886 25,399 Nine Months Ended September 30, 2022 Incentive Management Service Fee Trading Fee Frontier Diversified Fund $ - $ - $ 850 $ 92,978 Frontier Masters Fund - - 416 40,425 Frontier Long/Short Commodity Fund - - 201 30,640 Frontier Balanced Fund 213,064 13,446 201,554 357,046 Frontier Select Fund - - 40,141 44,160 Frontier Global Fund - - 61,883 106,578 Frontier Heritage Fund - - 68,047 101,544 Nine Months Ended September 30, 2021 Incentive Management Service Fee Trading Fee Frontier Diversified Fund $ - $ - $ 1,860 $ 97,487 Frontier Masters Fund - - 492 40,507 Frontier Long/Short Commodity Fund - - 170 28,870 Frontier Balanced Fund 104,764 13,978 195,972 332,131 Frontier Select Fund - - 35,191 35,541 Frontier Global Fund - - 58,383 106,684 Frontier Heritage Fund - - 50,788 75,071 The following table summarizes fees payable to the Managing Owner as of September 30, 2022 and December 31, 2021. As of September 30, 2022 Incentive Fees Management Fees Interest Fees Service Fees Trading Fees Frontier Diversified Fund $ - $ - $ - $ 95 $ 10,189 Frontier Masters Fund - - - 51 4,885 Frontier Long/Short Commodity Fund - - 64 25 3,751 Frontier Balanced Fund 120,365 1,621 447 19,187 38,932 Frontier Select Fund - - 423 4,667 5,056 Frontier Global Fund - - 818 7,480 13,001 Frontier Heritage Fund - - 778 7,555 12,420 As of December 31, 2021 Incentive Fees Management Fees Interest Fees Service Fees Trading Fees Frontier Diversified Fund $ - $ - $ - $ 83 $ 9,217 Frontier Masters Fund - - - 43 3,882 Frontier Long/Short Commodity Fund - - 32 19 3,407 Frontier Balanced Fund 54,702 1,431 957 18,314 32,970 Frontier Select Fund - - 196 3,524 3,682 Frontier Global Fund - - 312 4,986 9,533 Frontier Heritage Fund - - 217 4,950 8,307 With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed therefore by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk and the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. Aggregate interest income from all sources, including U.S. Treasury Securities assets net of premiums and cash held at clearing brokers, of up to the first 2% (annualized) of average net assets less any fair market value related to swaps is paid to the Managing Owner by the Frontier Balanced Fund (Class 1 and Class 2), Frontier Long/Short Commodity Fund (Class 2 and Class 3), Frontier Global Fund, Frontier Select Fund, and Frontier Heritage Fund. For the Frontier Diversified Fund, Frontier Long/Short Commodity Fund (Class 1a, Class 2a and Class 3a), Frontier Masters Fund, and Frontier Balanced Fund (Class 1AP, Class 2a and Class 3a), 100% of the interest is retained by the respective Series. The following table outlines the interest paid by each series to the Managing owner and its ratio to average net assets for the three and nine months ended September 30, 2022 and 2021. September 30, September 30, September 30, September 30, Three Months Ended Gross Amount Gross Amount Ratio to Ratio to Frontier Long/Short Commodity Fund Class 2 5 4 0.01 % 0.01 % Frontier Long/Short Commodity Fund Class 3 174 111 0.02 % 0.01 % Frontier Balanced Fund Class 1 1,393 3,661 0.02 % 0.04 % Frontier Balanced Fund Class 1AP 14 48 0.02 % 0.05 % Frontier Balanced Fund Class 2 331 738 0.02 % 0.04 % Frontier Balanced Fund Class 2a 2 7 0.00 % 0.01 % Frontier Balanced Fund Class 3a 17 45 0.00 % 0.01 % Frontier Select Fund Class 1 1,045 640 0.07 % 0.04 % Frontier Select Fund Class 1AP 8 4 0.07 % 0.04 % Frontier Select Fund Class 2 54 32 0.07 % 0.04 % Frontier Global Fund Class 1 1,670 388 0.06 % 0.02 % Frontier Global Fund Class 2 84 31 0.06 % 0.02 % Frontier Heritage Fund Class 1 1,553 660 0.05 % 0.03 % Frontier Heritage Fund Class 1AP 7 2 0.05 % 0.02 % Frontier Heritage Fund Class 2 131 69 0.05 % 0.03 % Total $ 6,488 $ 6,440 September 30, September 30, September 30, September 30, Nine months ended Gross Amount Gross Amount Ratio to Ratio to Frontier Long/Short Commodity Fund Class 2 12 18 0.04 % 0.05 % Frontier Long/Short Commodity Fund Class 3 407 518 0.04 % 0.05 % Frontier Balanced Fund Class 1 8,043 7,208 0.09 % 0.08 % Frontier Balanced Fund Class 1AP 75 96 0.09 % 0.09 % Frontier Balanced Fund Class 2 1,759 1,456 0.09 % 0.08 % Frontier Balanced Fund Class 2a 11 14 0.02 % 0.02 % Frontier Balanced Fund Class 3a 90 87 0.02 % 0.02 % Frontier Select Fund Class 1 2,407 2,208 0.14 % 0.14 % Frontier Select Fund Class 1AP 19 15 0.13 % 0.14 % Frontier Select Fund Class 2 124 104 0.14 % 0.14 % Frontier Global Fund Class 1 3,834 2,492 0.14 % 0.10 % Frontier Global Fund Class 2 222 183 0.13 % 0.09 % Frontier Heritage Fund Class 1 3,411 2,708 0.11 % 0.12 % Frontier Heritage Fund Class 1AP 14 10 0.11 % 0.12 % Frontier Heritage Fund Class 2 300 277 0.11 % 0.12 % Total $ 20,728 $ 17,394 |
Frontier Funds [Member] | |
Transactions with Affiliates [Line Items] | |
Transactions with Affiliates | 6. Transactions with Affiliates The Managing Owner contributes funds to the Trust in order to have a 1% interest in the aggregate capital, profits and losses and in return will receive units designated as general units in the Series of the Trust in which the Managing Owner invests such funds. The general units may only be purchased by the Managing Owner and may be subject to no advisory fees or management advisory fees at reduced rates. Otherwise, the general units hold the same rights as the limited units. The Managing Owner is required to maintain at least a 1% interest (“Minimum Purchase Commitment”) in the aggregate capital, profits and losses of the Trust so long as it is acting as the Managing Owner of the Trust. Such contribution was made by the Managing Owner before trading commenced for the Trust and will be maintained throughout the existence of the Trust, and the Managing Owner will make such purchases as are necessary to effect this requirement. Additionally, the Managing Owner agreed with certain regulatory bodies to maintain a 1% interest specifically in the Frontier Balanced Fund Class 1AP Units and Frontier Balanced Fund Class 2a Units, aggregated, and each of the Frontier Long/Short Commodity Fund, Frontier Diversified Fund, and Frontier Masters Fund. The 1% interest in these specific Series of the Trust is included in computing the Minimum Purchase Commitment in aggregate capital. In addition to the general units the Managing Owner receives in respect of its Minimum Purchase Commitment, the Managing Owner may purchase limited units in any Series as a Limited Owner. Principals of the Managing Owner or affiliates are allowed to own beneficial interests in the Trust, as well. All units purchased by the Managing Owner are held for investment purposes only and not for resale. The Managing Owner may make purchases or redemptions at any time on the same terms as any Limited Owner. The Trust has and will continue to have certain relationships with the Managing Owner and its affiliates. Expenses Management Fees— The management fee as a percentage of the applicable Series’ notional assets will be greater than the percentage of the applicable Series’ net asset value to the extent that the notional assets of the Series exceeds its net asset value. The Managing Owner expects that the notional assets of each Series will generally be maintained at a level in excess of the net asset value of such Series and such excess may be substantial to the extent the Managing Owner deems necessary to achieve the desired level of volatility. Trading Fees— Incentive Fees— It is therefore possible that in any given period the Series may pay incentive fees to the Managing Owner for one or more Trading Advisors while each of these Series as a whole experiences losses. The incentive fee is 25% for the Frontier Balanced Fund and the Frontier Diversified Fund and 20% for the Frontier Global Fund, Frontier Heritage Fund, Frontier Select Fund, Frontier Long/Short Commodity Fund and Frontier Masters Fund. The Managing Owner may pay all or a portion of such incentive fees to the Trading Advisor(s) for such Series. Service Fees— As of September 30, 2022, the Trust had a payable to the Managing Owner in the amounts of $120,365, $1,621, $2,530, $88,234 and $39,060 for incentive fees, management fees, interest, trading fees, and service fees, respectively. As of December 31, 2021, the Trust had a payable to the Managing Owner in the amounts of $54,702, $1,431, $1,714, $70,998, and $31,919 for incentive fees, management fees, interest, trading fees, and service fees, respectively. For the nine months ended September 30, 2022, the Managing Owner earned $213,064, $13,446, $4,034, $373,092 and $773,371 for incentive fees, management fees, risk analysis fees, service fees, and trading fees, respectively. For the nine months ended September 30, 2021, the Managing Owner earned $104,764, 13,978, 4,193, 342,856 and $716,291 for incentive fees, management fees, risk analysis fees, service fees, and trading fees, respectively. For the three months ended September 30, 2022, the Managing Owner earned $119,673, 4,568, 1,370, 126,342, and $271,104 for incentive fees, management fees, risk analysis fees, service fees, and trading fees, respectively. For the three months ended September 30, 2021, the Managing Owner earned $54,924, $4,764, $1,429, $110,307 and $231,958 for incentive fees, management fees, risk analysis fees, service fees, and trading fees, respectively. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed therefore by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk and enjoys the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. Aggregate interest income from all sources, including U.S. Treasury Securities assets net of premiums and cash held at clearing brokers, of up to the first 2% (annualized) is paid to the Managing Owner by the Frontier Balanced Fund (Class 1 and Class 2 only), Frontier Long/Short Commodity Fund (Class 2 and Class 3), Frontier Global Fund, Frontier Select Fund, and Frontier Heritage Fund. For the Frontier Diversified Fund, Frontier Long/Short Commodity Fund (for the three months ended September 30, 2022, and September 30, 2021 amounts received or receivable from the Managing Owner for the difference in monthly service fees from the prepaid initial service fees Class 1a, Class 2a and Class 3a), Frontier Masters Fund, and Frontier Balanced Fund (Class 1AP, Class 2a and Class 3a), 100% of the interest is retained by the respective Series. During the three months ended September 30, 2022 and September 30, 2021, the Trust paid $6,488, and $6,440, respectively of such interest income to the Managing Owner. Such amounts are not included in the consolidated statements of operations of the Trust. All other interest income is recorded by the Trust on the consolidated statements of operations. During the nine months ended September 30, 2022 and September 30, 2021, the Trust paid $20,728, and $17,394, respectively of such interest income to the Managing Owner. Such amounts are not included in the consolidated statements of operations of the Trust. All other interest income is recorded by the Trust on the consolidated statements of operations. |
Financial Highlights
Financial Highlights | 9 Months Ended |
Sep. 30, 2022 | |
The Series of Frontier Funds [Member] | |
Financial Highlights [Line Items] | |
Financial Highlights | 7. Financial Highlights The following information presents the financial highlights of the Series, for the three and nine months ended September 30, 2022 and 2021. This data has been derived from the information presented in the financial statements. For the three months ended September 30, 2022 Frontier Frontier Frontier Long/ Class 2 Class 3 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, June 30, 2022 $ 114.63 $ 107.78 $ 118.06 $ 111.44 $ 129.50 $ 84.59 $ 135.85 $ 89.61 Net operating results: Interest income 0.06 0.05 0.10 0.09 0.08 0.05 0.09 0.06 Expenses (1.03 ) (0.97 ) (1.91 ) (1.80 ) (0.93 ) (0.61 ) (0.97 ) (0.64 ) Net gain/(loss) on investments, net of non-controlling interests 2.23 2.17 11.02 10.48 4.70 3.20 4.93 3.45 Net income/(loss) 1.26 1.25 9.21 8.77 3.85 2.65 4.04 2.86 Net asset value, September 30, 2022 $ 115.89 $ 109.03 $ 127.27 $ 120.21 $ 133.35 $ 87.24 $ 139.89 $ 92.47 Ratios to average net assets Net investment income/(loss) -3.57 % -3.57 % -6.49 % -6.49 % -2.64 % -2.64 % -2.64 % -2.64 % Expenses before incentive fees (3)(4) 3.78 % 3.78 % 6.85 % 6.85 % 2.89 % 2.89 % 2.89 % 2.89 % Expenses after incentive fees (3)(4) 3.78 % 3.78 % 6.85 % 6.85 % 2.89 % 2.89 % 2.89 % 2.89 % Total return before incentive fees (2) 1.10 % 1.16 % 7.80 % 7.87 % 2.97 % 3.13 % 2.97 % 3.19 % Total return after incentive fees (2) 1.10 % 1.16 % 7.80 % 7.87 % 2.97 % 3.13 % 2.97 % 3.19 % Incentive fee per share - - - - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Frontier Balanced Fund Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, June 30, 2022 $ 118.43 $ 150.04 $ 202.33 $ 175.51 $ 175.09 $ 102.01 $ 129.36 $ 171.66 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (3.36 ) (3.18 ) (130.09 ) (3.73 ) (3.71 ) (1.45 ) (0.95 ) (1.26 ) Net gain/(loss) on investments, net of non-controlling interests 6.92 8.87 137.77 10.38 10.38 4.70 6.08 8.07 Net income/(loss) 3.57 5.69 7.68 6.66 6.68 3.25 5.13 6.81 Net asset value, September 30, 2022 $ 122.00 $ 155.73 $ 210.01 $ 182.17 $ 181.77 $ 105.26 $ 134.49 $ 178.47 Ratios to average net assets Net investment income/(loss) -8.76 % -5.70 % -5.70 % -5.70 % -5.70 % -6.21 % -3.20 % -3.20 % Expenses before incentive fees (3)(4) 7.68 % 4.63 % 4.63 % 4.63 % 4.63 % 6.21 % 3.20 % 3.20 % Expenses after incentive fees (3)(4) 8.76 % 5.70 % 5.70 % 5.70 % 5.70 % 6.21 % 3.20 % 3.20 % Total return before incentive fees (2) 4.09 % 4.87 % 4.87 % 4.87 % 4.89 % 3.18 % 3.97 % 3.97 % Total return after incentive fees (2) 3.01 % 3.79 % 3.79 % 3.79 % 3.81 % 3.18 % 3.97 % 3.97 % Incentive fee per share 1.20 1.53 62.50 1.79 1.78 - - - Incentive Fee to ANA 1.08 % 1.08 % 1.08 % 1.08 % 1.08 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, June 30, 2022 $ 200.09 $ 316.20 $ 180.77 $ 229.22 $ 306.76 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (3.94 ) (3.89 ) (3.17 ) (2.35 ) (3.14 ) Net gain/(loss) on investments, net of non-controlling interests 30.91 49.23 21.56 27.57 36.91 Net income/(loss) 26.97 45.35 18.39 25.23 33.77 Net asset value, September 30, 2022 $ 227.06 $ 361.55 $ 199.16 $ 254.45 $ 340.53 Ratios to average net assets Net investment income/(loss) -7.97 % -4.96 % -7.20 % -4.19 % -4.19 % Expenses before incentive fees (3)(4) 7.97 % 4.96 % 7.20 % 4.19 % 4.19 % Expenses after incentive fees (3)(4) 7.97 % 4.96 % 7.20 % 4.19 % 4.19 % Total return before incentive fees (2) 13.48 % 14.34 % 10.18 % 11.01 % 11.01 % Total return after incentive fees (2) 13.48 % 14.34 % 10.18 % 11.01 % 11.01 % Incentive fee per share - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. (4) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees is included in the total return. * Class 1 of Frontier Masters Fund was closed as of April 1, 2021. For the three months ended September 30, 2021 Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, June 30, 2021 $ 77.68 $ 95.90 $ 89.95 $ - $ 73.52 $ 69.23 $ 98.49 $ 63.74 $ 103.32 $ 67.36 Net operating results: Interest income 0.03 0.03 0.03 - 0.05 0.05 0.04 0.03 0.05 0.03 Expenses (1.30 ) (0.87 ) (0.81 ) - (1.10 ) (1.09 ) (0.71 ) (0.46 ) (0.74 ) (0.49 ) Net gain/(loss) on investments, net of non-controlling interests (76.41 ) (4.08 ) (3.77 ) - * 2.63 2.57 1.27 1.04 1.33 1.14 Net income/(loss) (77.68 ) (4.91 ) (4.56 ) - * 1.58 1.53 0.60 0.61 0.63 0.68 Net asset value, September 30, 2021 $ - $ 90.99 $ 85.39 $ - * $ 75.10 $ 70.76 $ 99.09 $ 64.35 $ 103.95 $ 68.04 Ratios to average net assets Net investment income/(loss) -6.53 % -3.45 % -3.45 % 0.00 % -5.88 % -5.88 % -2.67 % -2.67 % -2.67 % -2.67 % Expenses before incentive fees (3)(4) 6.67 % 3.60 % 3.60 % 0.00 % 6.17 % 6.17 % 2.85 % 2.85 % 2.85 % 2.85 % Expenses after incentive fees (3)(4) 6.67 % 3.60 % 3.60 % 0.00 % 6.17 % 6.17 % 2.85 % 2.85 % 2.85 % 2.85 % Total return before incentive fees (2) -1.71 %* -5.12 % -5.07 % 0.00 %* 2.15 % 2.21 % 0.61 % 0.96 % 0.61 % 1.01 % Total return after incentive fees (2) -1.71 %* -5.12 % -5.07 % 0.00 %* 2.15 % 2.21 % 0.61 % 0.96 % 0.61 % 1.01 % Incentive fee per share - - - - - - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Frontier Balanced Fund Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, June 30, 2021 $ 85.86 $ 105.55 $ 142.34 $ 123.47 $ 123.05 $ 66.17 $ 81.44 $ 108.07 Net operating results: Interest income 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 Expenses (2.03 ) (1.70 ) (46.17 ) (1.99 ) (1.98 ) (1.03 ) (0.62 ) (0.83 ) Net gain/(loss) on investments, net of non-controlling interests 0.79 0.96 45.15 1.17 1.16 2.18 2.66 3.52 Net income/(loss) (1.24 ) (0.73 ) (1.00 ) (0.82 ) (0.82 ) 1.15 2.03 2.70 Net asset value, September 30, 2021 $ 84.62 $ 104.82 $ 141.34 $ 122.65 $ 122.23 $ 67.32 $ 83.47 $ 110.77 Ratios to average net assets Net investment income/(loss) -7.75 % -4.75 % -4.75 % -4.75 % -4.75 % -5.89 % -2.89 % -2.89 % Expenses before incentive fees (3)(4) 7.24 % 4.24 % 4.24 % 4.24 % 4.24 % 5.89 % 2.89 % 2.89 % Expenses after incentive fees (3)(4) 7.75 % 4.75 % 4.75 % 4.75 % 4.75 % 5.89 % 2.89 % 2.89 % Total return before incentive fees (2) -0.93 % -0.18 % -0.19 % -0.15 % -0.15 % 1.73 % 2.49 % 2.49 % Total return after incentive fees (2) -1.45 % -0.70 % -0.70 % -0.66 % -0.67 % 1.73 % 2.49 % 2.49 % Incentive fee per share 0.45 0.55 14.98 0.64 0.64 - - - Incentive Fee to ANA 0.51 % 0.51 % 0.51 % 0.51 % 0.51 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, June 30, 2021 $ 117.28 $ 179.85 $ 109.26 $ 134.44 $ 179.93 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (2.33 ) (2.29 ) (1.90 ) (1.45 ) (1.81 ) Net gain/(loss) on investments, net of non-controlling interests 4.61 7.19 4.84 6.12 8.04 Net income/(loss) 2.28 4.90 2.94 4.66 6.24 Net asset value, September 30, 2021 $ 119.56 $ 184.75 $ 112.20 $ 139.10 $ 186.17 Ratios to average net assets Net investment income/(loss) -8.28 % -5.29 % -7.05 % -4.06 % -4.06 % Expenses before incentive fees (3)(4) 8.28 % 5.29 % 7.05 % 4.06 % 4.06 % Expenses after incentive fees (3)(4) 8.28 % 5.29 % 7.05 % 4.06 % 4.06 % Total return before incentive fees (2) 1.95 % 2.72 % 2.69 % 3.47 % 3.47 % Total return after incentive fees (2) 1.95 % 2.72 % 2.69 % 3.47 % 3.47 % Incentive fee per share - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. (4) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees is included in the total return. For the nine months ended September 30, 2022 Frontier Frontier Frontier Long/ Class 2 Class 3 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, December 31, 2021 $ 88.98 $ 83.56 $ 70.17 $ 66.15 $ 89.97 $ 58.75 $ 94.38 $ 62.16 Net operating results: Interest income 0.14 0.13 0.25 0.23 0.18 0.12 0.19 0.13 Expenses (2.99 ) (2.80 ) (4.99 ) (4.68 ) (2.39 ) (1.57 ) (2.51 ) (1.66 ) Net gain/(loss) on investments, net of non-controlling interests 29.76 28.14 61.85 58.51 45.59 29.93 47.82 31.84 Net income/(loss) 26.91 25.47 57.10 54.06 43.38 28.49 45.51 30.31 Net asset value, September 30, 2022 $ 115.89 $ 109.03 $ 127.27 $ 120.21 $ 133.35 $ 87.24 $ 139.89 $ 92.47 Ratios to average net assets Net investment income/(loss) -3.54 % -3.54 % -6.30 % -6.30 % -2.57 % -2.57 % -2.57 % -1.92 % Expenses before incentive fees (3)(4) 3.72 % 3.72 % 6.63 % 6.63 % 2.78 % 2.78 % 2.78 % 2.08 % Expenses after incentive fees (3)(4) 3.72 % 3.72 % 6.63 % 6.63 % 2.78 % 2.78 % 2.78 % 2.08 % Total return before incentive fees (2) 30.24 % 30.49 % 81.37 % 81.72 % 48.22 % 48.49 % 48.22 % 48.77 % Total return after incentive fees (2) 30.24 % 30.49 % 81.37 % 81.72 % 48.22 % 48.49 % 48.22 % 48.77 % Incentive fee per share - - - - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Frontier Balanced Fund Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2021 $ 82.82 $ 103.38 $ 139.40 $ 120.98 $ 120.57 $ 63.39 $ 79.21 $ 105.10 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (7.98 ) (7.00 ) (9.45 ) (8.16 ) (8.19 ) (3.98 ) (2.57 ) (3.39 ) Net gain/(loss) on investments, net of non-controlling interests 47.16 59.35 80.05 69.35 69.39 45.85 57.85 76.76 Net income/(loss) 39.18 52.35 70.61 61.19 61.20 41.87 55.28 73.37 Net asset value, September 30, 2022 $ 122.00 $ 155.73 $ 210.01 $ 182.17 $ 181.77 $ 105.26 $ 134.49 $ 178.47 Ratios to average net assets Net investment income/(loss) -9.36 % -6.29 % -6.29 % -6.29 % -6.29 % -6.14 % -3.13 % -3.13 % Expenses before incentive fees (3)(4) 7.49 % 4.42 % 4.42 % 4.42 % 4.42 % 6.14 % 3.13 % 3.13 % Expenses after incentive fees (3)(4) 9.36 % 6.29 % 6.29 % 6.29 % 6.29 % 6.14 % 3.13 % 3.13 % Total return before incentive fees (2) 49.17 % 52.51 % 52.52 % 52.45 % 52.63 % 66.05 % 69.79 % 69.81 % Total return after incentive fees (2) 47.30 % 50.64 % 50.65 % 50.58 % 50.76 % 66.05 % 69.79 % 69.81 % Incentive fee per share 2.00 2.53 3.41 2.95 2.96 - - - Incentive Fee to ANA 1.87 % 1.87 % 1.87 % 1.87 % 1.87 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2021 $ 109.45 $ 170.40 $ 103.43 $ 129.19 $ 172.91 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (10.22 ) (9.37 ) (8.37 ) (6.14 ) (8.11 ) Net gain/(loss) on investments, net of non-controlling interests 127.83 200.52 104.10 131.39 175.73 Net income/(loss) 117.61 191.15 95.73 125.26 167.62 Net asset value, September 30, 2022 $ 227.06 $ 361.55 $ 199.16 $ 254.45 $ 340.53 Ratios to average net assets Net investment income/(loss) -7.91 % -4.89 % -7.13 % -4.11 % -4.11 % Expenses before incentive fees (3)(4) 7.91 % 4.89 % 7.13 % 4.11 % 4.11 % Expenses after incentive fees (3)(4) 7.91 % 4.89 % 7.13 % 4.11 % 4.11 % Total return before incentive fees (2) 107.46 % 112.18 % 92.56 % 96.96 % 96.94 % Total return after incentive fees (2) 107.46 % 112.18 % 92.56 % 96.96 % 96.94 % Incentive fee per share - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. (4) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees is included in the total return. * Class 1 of Frontier Masters Fund was closed as of April 1, 2021. For the nine months ended September 30, 2021 Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, December 31, 2020 $ 72.68 $ 88.95 $ 83.33 $ 55.18 $ 67.54 $ 63.52 $ 85.99 $ 55.29 $ 90.21 $ 58.37 Net operating results: Interest income 0.06 0.07 0.07 0.15 0.20 0.19 0.20 0.13 0.21 0.14 Expenses (3.52 ) (2.49 ) (2.39 ) (5.34 ) (3.37 ) (3.16 ) (2.03 ) (1.28 ) (2.10 ) (1.36 ) Net gain/(loss) on investments, net of non-controlling interests (69.21 )* 4.46 4.38 (49.99 )* 10.73 10.21 14.92 10.22 15.63 10.89 Net income/(loss) (72.68 )* 2.04 2.06 (55.18 )* 7.56 7.24 13.10 9.06 13.74 9.67 Net asset value, September 30, 2021 $ - * $ 90.99 $ 85.39 $ - * $ 75.10 $ 70.76 $ 99.09 $ 64.35 $ 103.95 $ 68.04 Ratios to average net assets Net investment income/(loss) -8.89 % -5.12 % -5.12 % -18.61 % -8.50 % -8.50 % -3.80 % -3.80 % -3.80 % -3.80 % Expenses before incentive fees (3)(4) 9.04 % 5.27 % 5.27 % 19.14 % 9.03 % 9.03 % 4.22 % 4.22 % 4.22 % 4.22 % Expenses after incentive fees (3)(4) 9.04 % 5.27 % 5.27 % 19.14 % 9.03 % 9.03 % 4.22 % 4.22 % 4.22 % 4.22 % Total return before incentive fees (2) 5.06 %* 2.29 % 2.48 % 4.59 %* 11.19 % 11.39 % 15.24 % 16.39 % 15.23 % 16.57 % Total return after incentive fees (2) 5.06 %* 2.29 % 2.48 % 4.59 %* 11.19 % 11.39 % 15.24 % 16.39 % 15.23 % 16.57 % Incentive fee per share - - - - - - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Frontier Balanced Fund Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2020 $ 79.93 $ 96.81 $ 130.54 $ 113.20 $ 112.81 $ 58.55 $ 70.99 $ 94.20 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (5.36 ) (4.24 ) (5.68 ) (5.25 ) (4.83 ) (2.85 ) (1.67 ) (2.22 ) Net gain/(loss) on investments, net of non-controlling interests 10.04 12.24 16.48 14.69 14.25 11.62 14.15 18.78 Net income/(loss) 4.69 8.01 10.80 9.45 9.42 8.77 12.48 16.57 Net asset value, September 30, 2021 $ 84.62 $ 104.82 $ 141.34 $ 122.65 $ 122.23 $ 67.32 $ 83.47 $ 110.77 Ratios to average net assets Net investment income/(loss) -11.56 % -7.12 % -7.12 % -7.12 % -7.12 % -8.94 % -4.38 % -4.38 % Expenses before incentive fees (3)(4) 10.65 % 6.21 % 6.21 % 6.21 % 6.21 % 8.94 % 4.38 % 4.38 % Expenses after incentive fees (3)(4) 11.57 % 7.13 % 7.13 % 7.13 % 7.13 % 8.94 % 4.38 % 4.38 % Total return before incentive fees (2) 6.78 % 9.19 % 9.19 % 9.27 % 9.27 % 14.97 % 17.58 % 17.59 % Total return after incentive fees (2) 5.87 % 8.27 % 8.28 % 8.35 % 8.35 % 14.97 % 17.58 % 17.59 % Incentive fee per share 0.79 0.98 1.31 1.21 1.11 - - - Incentive Fee to ANA 0.92 % 0.92 % 0.92 % 0.92 % 0.92 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2020 $ 110.90 $ 167.56 $ 96.10 $ 116.50 $ 155.92 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (6.99 ) (6.57 ) (5.57 ) (3.91 ) (5.18 ) Net gain/(loss) on investments, net of non-controlling interests 15.65 23.76 21.67 26.52 35.42 Net income/(loss) 8.66 17.19 16.10 22.60 30.25 Net asset value, September 30, 2021 $ 119.56 $ 184.75 $ 112.20 $ 139.10 $ 186.17 Ratios to average net assets Net investment income/(loss) -11.77 % -7.42 % -10.56 % -6.04 % -6.04 % Expenses before incentive fees (3)(4) 11.77 % 7.42 % 10.56 % 6.04 % 6.04 % Expenses after incentive fees (3)(4) 11.77 % 7.42 % 10.56 % 6.04 % 6.04 % Total return before incentive fees (2) 7.81 % 10.26 % 16.75 % 19.40 % 19.40 % Total return after incentive fees (2) 7.81 % 10.26 % 16.75 % 19.40 % 19.40 % Incentive fee per share - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % (1) Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information. (2) Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. (3) Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6. (4) Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees is included in the total return. |
Frontier Funds [Member] | |
Financial Highlights [Line Items] | |
Financial Highlights | 7. Financial Highlights The following information presents the financial highlights of the Trust for the three and nine months ended September 30, 2022 and September 30, 2021. This data has been derived from the information presented in the consolidated financial statements. Three months ended September 30 2022 2021 Ratios to average net assets (1) Net investment income/(loss) (1) -8.09 % -6.27 % Expenses before incentive fees (3) 6.27 % 6.07 % Expenses after incentive fees (3) 8.13 % 6.32 % Total return before incentive fees (2) 5.77 % -0.29 % Total return after incentive fees (2) 5.30 % -0.53 % Nine months ended September 30 2022 2021 Ratios to average net assets (1) Net investment income/(loss) (1) -7.14 % -6.43 % Expenses before incentive fees (3) 6.32 % 6.04 % Expenses after incentive fees (3) 7.18 % 6.47 % Total return before incentive fees (2) 46.71 % 8.81 % Total return after incentive fees (2) 45.85 % 8.37 % (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 | 9 Months Ended |
Sep. 30, 2022 | |
The Series of Frontier Funds [Member] | |
Derivative Instruments and Hedging Activities [Line Items] | |
Derivative Instruments and Hedging Activities | 8. Derivative Instruments and Hedging Activities The Series’ primary business is to engage in speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts). The Series do not enter into or hold positions for hedging purposes as defined under ASC 815, Derivatives and Hedging (“ASC 815”). The detail of the fair value of the Series’ derivatives by instrument types as of September 30, 2022 and December 31, 2021 is included in the Condensed Schedules of Investments. See Note 4 for further disclosure related to each Series’ position in swap contracts. The following tables summarize the monthly averages of futures contracts bought and sold for each respective Series of the Trust: For the Three Months ended September 30, 2022 Monthly average contracts: Bought Sold Frontier Balanced Fund 330 324 For the Three Months ended September 30, 2021 Monthly average contracts: Bought Sold Frontier Balanced Fund 307 392 For the Nine Months ended September 30, 2022 Monthly average contracts: Bought Sold Frontier Balanced Fund 343 341 For the Nine Months ended September 30, 2021 Monthly average contracts: Bought Sold Frontier Balanced Fund 293 322 The following tables summarize the trading revenues for the three and nine months ended September 30, 2022, and 2021 by sector: Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended September 30, 2022 Type of contract Frontier Balanced Fund Agriculturals $ (55,378 ) Currencies 178,830 Energies 29,170 Interest rates 29,063 Metals 156,719 Stock indices 173,656 Realized trading income/(loss) (1) $ 512,060 Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended September 30, 2021 Type of contract Frontier Balanced Fund Agriculturals $ 13,487 Currencies (20,259 ) Energies 82,010 Interest rates 5,987 Metals 155 Stock indices 12,503 Realized trading income/(loss) (1) $ 93,883 (1) Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. Realized Trading Revenue from Futures, Forwards and Options for the Nine Months Ended September 30, 2022 Type of contract Frontier Balanced Fund Agriculturals $ (149,714 ) Currencies 399,268 Energies 130,230 Interest rates 87,954 Metals (48,788 ) Stock indices 412,729 Realized trading income/(loss) (1) $ 831,679 (1) Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. Realized Trading Revenue from Futures, Forwards and Options for the Nine Months Ended September 30, 2021 Type of contract Frontier Balanced Fund Agriculturals $ 87,183 Currencies (75,797 ) Energies 133,440 Interest rates 127,666 Metals 88,709 Stock indices 213,404 Realized trading income/(loss) (1) $ 574,605 (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 September 30, 2022 Type of contract Frontier Balanced Fund Agriculturals $ 4 Currencies - Energies 818 Interest rates - Metals (25,259 ) Stock indices - Change in unrealized trading income/(loss) (1) $ (24,437 ) (1) Amounts recorded in the Statements of Operations under Net change in open trade equity/(deficit) Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended September 30, 2021 Type of contract Frontier Balanced Fund Agriculturals $ 62,335 Currencies 8,416 Energies 22,030 Interest rates (1,144 ) Metals 72,161 Stock indices (10,503 ) Change in unrealized trading income/(loss) (1) $ 153,295 (1) Amounts recorded in the Statements of Operations under Net change in open trade equity/(deficit) Net Change in Open Trade Equity from Futures, Forwards and Options for the Nine Months Ended September 30, 2022 Type of contract Frontier Balanced Fund Agriculturals $ (2,154 ) Currencies (3,547 ) Energies 14,760 Interest rates 17,389 Metals 20,044 Stock indices 865 Change in unrealized trading income/(loss) (1) $ 47,357 (1) Amounts recorded in the Statements of Operations under Net change in open trade equity/(deficit) Net Change in Open Trade Equity from Futures, Forwards and Options for the Nine Months Ended September 30, 2021 Type of contract Frontier Balanced Fund Agriculturals $ 34,336 Currencies (89,833 ) Energies 35,930 Interest rates (13,046 ) Metals 30,003 Stock indices (14,058 ) Change in unrealized trading income/(loss) (1) $ (16,668 ) (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 FCMs 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 September 30, 2022 and December 31, 2021. As of September 30, 2022 Frontier Balanced Fund Gross Amounts Gross Amounts Net Amounts Open Trade Equity/(Deficit) $ 4,615 $ - $ 4,615 As of December 31, 2021 Frontier Balanced Fund Gross Amounts Gross Amounts lCondition Net Amounts Open Trade Equity/(Deficit) $ 2,118,427 $ (2,103,591 ) $ 14,836 |
Frontier Funds [Member] | |
Derivative Instruments and Hedging Activities [Line Items] | |
Derivative Instruments and Hedging Activities | 8. Derivative Instruments and Hedging Activities The Trust’s primary business is to engage in speculative trading of a diversified portfolio of futures, forwards (including interbank foreign currencies), options contracts and other derivative instruments (including swap contracts). The Trust does not enter into or hold positions for hedging purposes as defined under ASC 815. The detail of the fair value of the Trust’s derivatives by instrument types as of September 30, 2022 and December 31, 2021 is included in the Consolidated Condensed Schedules of Investments. See Note 4 for further disclosure related to the Trust’s positions in swap contracts. There are embedded management fees in transacting these swaps ranging from 1% to 1.5% based on fair value of swaps and the embedded incentive fees ranging from 15% to 25% based on net new trading profits on swaps. For the three months ended September 30, 2022 and September 30, 2021, the monthly average of futures, forwards and options contracts bought was approximately 330 and 307, respectively and sold was approximately 324 and 392, respectively. For the nine months ended September 30, 2022 and September 30, 2021, the monthly average of futures, forwards and options contracts bought was approximately 343 and 293, respectively and sold was approximately 341 and 322, respectively. The following tables summarize the trading revenues for the three months ended September 30, 2022 and September 30, 2021 by contract type: Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended September 30, 2022 Type of contract Agriculturals $ (55,378 ) Currencies 178,830 Energies 29,170 Interest rates 29,063 Metals 156,719 Stock indices 173,656 Realized trading income/(loss) (1) $ 512,060 (1) Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. Realized Trading Revenue from Futures, Forwards and Options for the Three Months Ended September 30, 2021 Type of contract Agriculturals $ 13,487 Currencies (20,259 ) Energies 82,010 Interest rates 5,987 Metals 155 Stock indices 12,503 Realized trading income/(loss) (1) $ 93,883 (1) Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. Realized Trading Revenue from Futures, Forwards and Options for the Nine Months Ended September 30, 2022 Type of contract Agriculturals $ (149,714 ) Currencies 399,268 Energies 130,230 Interest rates 87,954 Metals (48,788 ) Stock indices 412,729 Realized trading income/(loss) (1) $ 831,679 (1) Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. Realized Trading Revenue from Futures, Forwards and Options for the Nine Months Ended September 30, 2021 Type of contract Agriculturals $ 87,183 Currencies (75,797 ) Energies 133,440 Interest rates 127,666 Metals 88,709 Stock indices 213,404 Realized trading income/(loss) (1) $ 574,605 (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 September 30, 2022 Type of contract Agriculturals $ 4 Currencies - Energies 818 Interest rates - Metals (25,259 ) Stock indices - Change in unrealized trading income/(loss) (1) $ (24,437 ) (1) Amounts recorded in the Statements of Operations under Net change in open trade equity/(deficit) Net Change in Open Trade Equity from Futures, Forwards and Options for the Three Months Ended September 30, 2021 Type of contract Agriculturals $ 62,335 Currencies 8,416 Energies 22,030 Interest rates (1,144 ) Metals 72,161 Stock indices (10,503 ) Change in unrealized trading income/(loss) (1) $ 153,295 (1) Amounts recorded in the Statements of Operations under Net change in open trade equity/(deficit) Net Change in Open Trade Equity from Futures, Forwards and Options for the Nine Months Ended September 30, 2022 Type of contract Agriculturals $ (2,154 ) Currencies (3,547 ) Energies 14,760 Interest rates 17,389 Metals 20,044 Stock indices 865 Change in unrealized trading income/(loss) (1) $ 47,357 (1) Amounts recorded in the Statements of Operations under Net change in open trade equity/(deficit) Net Change in Open Trade Equity from Futures, Forwards and Options for the Nine Months Ended September 30, 2021 Type of contract Agriculturals $ 34,336 Currencies (89,833 ) Energies 35,930 Interest rates (13,046 ) Metals 30,003 Stock indices (14,058 ) Change in unrealized trading income/(loss) (1) $ (16,668 ) (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 Trust’s open trade equity/(deficit), options written, and receivables from FCMs 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 September 30, 2022 and December 31, 2021: As of September 30, 2022 Gross Gross Amounts Net Amounts Open Trade Equity/(Deficit) $ 4,615 $ - $ 4,615 As of December 31, 2021 Gross Gross Amounts Net Amounts Open Trade Equity/(Deficit) $ 2,118,427 $ (2,103,591 ) $ 14,836 |
Trading Activities and Related
Trading Activities and Related Risks | 9 Months Ended |
Sep. 30, 2022 | |
The Series of Frontier Funds [Member] | |
Trading Activities and Related Risks [Line Items] | |
Trading Activities and Related Risks | 9. Trading Activities and Related Risks The purchase and sale of futures and options on futures contracts require margin deposits with FCMs. Additional deposits may be necessary for any loss on contract value. The Commodity Exchange Act, as amended (“CEA”), requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. A customer’s cash and other property (for example, U.S. treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. The term “off-balance sheet risk” refers to an unrecorded potential liability that, even though it does not appear on the 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 or Galaxy Plus entity in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company or Galaxy Plus entity are unable to offset such futures interests positions, such Trading Company or Galaxy Plus entity could lose all of its assets and the holders of Units of such Series would realize a 100% loss. The Managing Owner will seek to minimize market risk through real-time monitoring of open positions and the level of diversification of each Trading Advisor’s portfolio. It is anticipated that any Trading Advisor’s margin-to-equity ratio will typically not exceed approximately 35% although the actual ratio could be higher or lower from time to time. In addition to market risk, trading futures, forward and swap contracts entails credit risk that a counterparty will not be able to meet its obligations to a Trading Company or Galaxy Plus entity. The counterparty for futures contracts traded in the United States and on most foreign exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases where the clearinghouse is not backed by the clearing members, like some foreign exchanges, it is normally backed by a consortium of banks or other financial institutions. Some non-U.S. exchanges, in contrast to U.S. exchanges, are principals’ markets in which performance is the responsibility only of the individual counterparty with whom the Trading Company has entered into the transaction, and not of the exchange or clearing corporation. In these kinds of markets, there is risk of bankruptcy or other failure or refusal to perform by the counterparty. In the case of forward contracts traded on the interbank market and swaps, neither is traded on exchanges. The counterparty is generally a single bank or other financial institution, rather than a group of financial institutions; thus there may be a greater counterparty credit risk. The Managing Owner expects the Trading Advisors to trade only with those counterparties which it believes to be creditworthy. All positions of each Trading Company will be valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to any Trading Company. The Managing Owner has established procedures to actively monitor and minimize market and credit risks. The Limited Owners bear the risk of loss only to the extent of the market value of their respective investments and, in certain specific circumstances, distributions and redemptions received. |
Frontier Funds [Member] | |
Trading Activities and Related Risks [Line Items] | |
Trading Activities and Related Risks | 9. Trading Activities and Related Risks The purchase and sale of futures and options on futures contracts require margin deposits with FCMs. Additional deposits may be necessary for any loss on contract value. The CEA requires an FCM to segregate all customer transactions and assets from the FCM’s proprietary activities. A customer’s cash and other property (for example, U.S. treasury bills) deposited with an FCM are considered commingled with all other customer funds subject to the FCM’s segregation requirements. In the event of an FCM’s insolvency, recovery may be limited to a pro rata share of segregated funds available. It is possible that the recovered amount could be less than the total of cash and other property deposited. The term “off-balance sheet risk” refers to an unrecorded potential liability that, even though it does not appear on the statements of financial condition, may result in future obligation or loss in excess of the amount paid by the Series for a particular investment. Each Trading Company and Galaxy Plus entity expects to trade in futures, options, forward and swap contracts and will therefore be a party to financial instruments with elements of off-balance sheet market and credit risk. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by market conditions, such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures positions held by a Trading Company or Galaxy Plus entity in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company or Galaxy Plus entity are unable to offset such futures interests positions, such Trading Company or Galaxy Plus entity could lose all of its assets and the holders of Units of such Series would realize a 100% loss. The Managing Owner will seek to minimize market risk through real-time monitoring of open positions and the level of diversification of each Trading Advisor’s portfolio. It is anticipated that any Trading Advisor’s margin- to-equity ratio will typically not exceed approximately 35% although the actual ratio could be higher or lower from time to time. In addition to market risk, trading futures, forward and swap contracts entails credit risk that a counterparty will not be able to meet its obligations to a Trading Company or Galaxy Plus entity. The counterparty for futures contracts traded in the United States and on most foreign exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases where the clearinghouse is not backed by the clearing members, like some foreign exchanges, it is normally backed by a consortium of banks or other financial institutions. Some non-U.S. exchanges, in contrast to U.S. exchanges, are principals’ markets in which performance is the responsibility only of the individual counterparty with whom the Trading Company has entered into the transaction, and not of the exchange or clearing corporation. In these kinds of markets, there is risk of bankruptcy or other failure or refusal to perform by the counterparty. In the case of forward contracts traded on the interbank market and swaps, neither is traded on exchanges. The counterparty is generally a single bank or other financial institution, rather than a group of financial institutions; thus there may be a greater counterparty credit risk. The Managing Owner expects the Trading Advisors to trade only with those counterparties which it believes to be creditworthy. All positions of each Trading Company will be valued each day on a mark-to-market basis. There can be no assurance that any clearing member, clearinghouse or other counterparty will be able to meet its obligations to any Trading Company. The Managing Owner has established procedures to actively monitor and minimize market and credit risks. The Limited Owners bear the risk of loss only to the extent of the market value of their respective investments and, in certain specific circumstances, distributions and redemptions received. |
Indemnifications and Guarantees
Indemnifications and Guarantees noted in Management Discussion and Analysis | 9 Months Ended |
Sep. 30, 2022 | |
The Series of Frontier Funds [Member] | |
Indemnifications and Guarantees noted in Management Discussion and Analysis [Line Items] | |
Indemnifications and Guarantees noted in Management Discussion and Analysis | 10. Indemnifications and Guarantees noted in Management Discussion and Analysis The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence, bad faith or willful misconduct. The Trust has had no prior claims or payments pursuant to these agreements. The Trust’s individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. However, based on experience the Trust expects the risk of loss to be remote. Maximum exposure is unfulfilled obligations of the Series up to the amount of equity at risk with the custodian of the referenced Series as allocated from the Trading Company. The Series have not recorded any liability for the indemnifications in the accompanying financial statements as it expects any possibility of losses to be remote. |
Frontier Funds [Member] | |
Indemnifications and Guarantees noted in Management Discussion and Analysis [Line Items] | |
Indemnifications and Guarantees noted in Management Discussion and Analysis | 10. Indemnifications and Guarantees The Trust has entered into agreements, which provide for the indemnification of futures clearing brokers, and commodity trading advisers, among others, against losses, costs, claims and liabilities arising from the performance of their individual obligations under such agreements, except for gross negligence, bad faith or willful misconduct. The Trust has had no prior claims or payments pursuant to these agreements. The Trust’s individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Trust that have not yet occurred. However, based on experience the Trust expects the risk of loss to be remote. Maximum exposure is unfulfilled obligations of the Trust up to the amount of equity at risk with the custodian of the referenced Series, as allocated from the Trading Company. The Trust has not recorded any liability for the guarantees in the accompanying financial statements as it expects any possibility of losses to be remote. The Trust has not recorded any liability for the indemnifications in the accompanying financial statements as it expects any possibility of losses to be remote. |
Subsequent Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2022 | |
The Series of the Frontier Funds [Member] | |
Subsequent Events [Line Items] | |
Subsequent Events | 11. Subsequent Events The Managing Owner evaluates events that occur after the balance sheet date but before and up until financial statements are available to be issued. The Managing Owner has assessed the subsequent events through the date that the financial statements were issued and has determined that, except as set forth below, there were no subsequent events requiring adjustment to or disclosure in the financial statements. From October 1, 2022 through November 9, 2022, Frontier Balanced Fund, Frontier Diversified Fund, Frontier Heritage Fund, Frontier Long/Short Commodity Fund, Frontier Masters Fund, Frontier Select Fund and Frontier Global Fund paid $93,477, $23,095, $20,623, $250, $200, $20,144 and, $45,086 respectively, in redemptions. |
Frontier Funds [Member] | |
Subsequent Events [Line Items] | |
Subsequent Events | 11. Subsequent Events The Managing Owner evaluates events that occur after the balance sheet date but before and up until financial statements are available to be issued. The Managing Owner has assessed the subsequent events through the date that the financial statements were issued and has determined that, except as set forth below, there were no subsequent events requiring adjustment to or disclosure in the financial statements. From October 1, 2022 through November 9, 2022, the Trust paid $202,875 in redemptions. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 9 Months Ended |
Sep. 30, 2022 | |
The Series of Frontier Funds [Member] | |
Accounting Policies, by Policy (Policies) [Line Items] | |
Basis of Presentation | Basis of Presentation |
Consolidation | Consolidation Galaxy Plus entities are co-mingled investment vehicles. In addition to the Series, there are other non-affiliated investors in Galaxy Plus entities. Subscriptions and redemptions by these non-affiliated investors will have a direct impact on the Series’ ownership percentage in Galaxy Plus entities. It is expected that ownership percentage will fluctuate (sometimes significantly) on a week by week basis which could also result in frequent changes in the consolidating Series. Such fluctuations make consolidating the financial statements of the Galaxy Plus entities both impractical and misleading. Non-consolidation of these Galaxy Plus entities presents a more useful financial statement for the readers. As such, management has decided that presenting Galaxy Plus entities on a non-consolidated basis as investments in other investments companies (a “fund of funds” approach) is appropriate and preferable to the users of these financial statements. Refer to Note 5 for additional disclosures related to these private investment companies. |
Use of Estimates | Use of Estimates— |
Cash and Cash Equivalents | Cash and Cash Equivalents— |
Interest Income | Interest Income |
U.S. Treasury Securities | U.S. Treasury Securities— Fair Value Measurements and Disclosures (“ |
Receivable from Futures Commission Merchants | Receivable From Futures Commission Merchants |
Investment Transactions | Investment Transactions— Balance Sheet (“ASC 210” Balance Sheet (Topic 210 Any change in net unrealized gain or loss from the preceding period is reported in the statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest is recognized in the period earned and the instruments are marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the statements of operations. |
Purchase and Sales of Private Investment Companies | Purchase and Sales of Private Investment Companies |
Foreign Currency Transactions | Foreign Currency Transactions— |
Allocation of Earnings | Allocation of Earnings— Each Series allocates funds to an affiliated Trading Company, or Companies, of the Trust or unaffiliated Galaxy Plus entity. Each Trading Company allocates all of its daily trading gains or losses to the Series in proportion to each Series’ ownership trading level interest in the Trading Company, adjusted on a daily basis (except for Trading Advisors and other investments such as swaps that are directly allocated to a specific Series). Likewise, trading gains and losses earned and incurred by the Series through their investments in Galaxy Plus entities are allocated to those Series on a daily basis. The allocation of gains and losses in Galaxy Plus entities are based on each Series pro-rata shares of the trading level of that entity which is updated at the beginning of each month or more frequently if there is a subscription or redemption activity in the entity. The value of all open contracts and cash held at clearing brokers is similarly allocated to the Series in proportion to each Series’ funds allocated to the Trading Companies or Galaxy Plus entities. |
Investments and Swaps | Investments and Swaps |
Income Taxes | Income Taxes Income Taxes The 2018 through 2021 tax years generally remain subject to examination by U.S. federal and most state tax authorities. In the opinion of the Managing Owner, (i) the Trust, with respect to the Series, is treated as a partnership for federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, (ii) the Trust is not a publicly traded partnership treated as a corporation, and (iii) the discussion set forth in the Prospectus under the heading “U.S. Federal Income Tax Consequences” correctly summarizes the material federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Units of the Trust. |
Fees and Expenses | Fees and Expenses |
Incentive Fee (rebate) | Incentive Fee (rebate) |
Service Fees | Service Fees Each Series is charged service fees as outlined above. In some cases, amounts paid to selling agents might be less than the amount charged to the Series. When this occurs, the service fee is rebated back to the investor in the form of additional units. During 2019, 2020 and 2021 the Series were not allowed to issue additional units. The Managing Owner has determined that the purchase of additional units of the relevant Series will commence in 2021 when the Series are allowed to sell shares again. As such, the Managing Owner has calculated the amounts for additional units of the relevant series which will be purchased and classified such amounts as Subscriptions in advance for service fee rebates of $22,650, $393, $31,725, $386,354, $21,807, $161,462 and $77,073 for the Frontier Diversified, Long/Short Commodity, Masters, Balanced, Select, Global and Heritage Funds, respectively, as of September 30, 2022. These service fees are part of the offering costs of the Trust, with respect to the Series, which include registration and filing fees, legal and blue sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and enjoys the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. |
Pending Owner Additions | Pending Owner Additions— |
Owner redemptions payable | Owner redemptions payable— |
Recently Adopted Accounting Pronouncements | Recently Adopted Accounting Pronouncements— |
Subsequent Events | Subsequent Events—The Series follow the provisions of ASC 855, Subsequent Events |
Frontier Funds [Member] | |
Accounting Policies, by Policy (Policies) [Line Items] | |
Basis of Presentation | Basis of Presentation |
Consolidation | Consolidation The income or loss attributable thereto in proportion of investment level is shown in the statements of operations as change in fair value of investments in unconsolidated Trading Companies or net unrealized gain/(loss) on private investment companies. The Trading Companies and Series of the Trust are consolidated by the Trust. All intercompany transactions have been eliminated in consolidation. Galaxy Plus entities are co-mingled investment vehicles. In addition to the Trust, there are other non-affiliated investors in Galaxy Plus entities. Subscriptions and redemptions by these non-affiliated investors will have a direct impact on the Trust’s ownership percentage in Galaxy Plus entities. It is expected that ownership percentage will fluctuate (sometimes significantly) on a week by week basis which could also result in frequent changes in the consolidating Series. Such fluctuations make consolidating the financial statements of the Galaxy Plus entities both impractical and misleading. Non-consolidation of these Galaxy Plus entities presents a more useful financial statement for the readers. As such, management has decided that presenting Galaxy Plus entities on a non-consolidated basis as investments in other investments companies (a “fund of funds” approach) is appropriate and preferable to the users of these financial statements. Refer to Note 5 for additional disclosures related to these private investment companies. |
Use of Estimates | Use of Estimates— |
Cash and Cash Equivalents | Cash and Cash Equivalents— |
Interest Income | Interest Income |
U.S. Treasury Securities | U.S. Treasury Securities— Fair Value Measurements and Disclosures (“ |
Receivable from Futures Commission Merchants | Receivable from Futures Commission Merchants |
Investment Transactions | Investment Transactions—Futures, options on futures, forward and swap contracts are recorded on a trade date basis and realized gains or losses are recognized when contracts are settled. Unrealized gains or losses on open contracts (the difference between contract trade price and market price) are reported in the consolidated statements of financial condition as a net unrealized gain or loss, as there exists a right of offset of unrealized gains or losses in accordance with FASB ASC 210, Balance Sheet (“ASC 210” Balance Sheet (Topic 210 Any change in net unrealized gain or loss from the preceding period is reported in the consolidated statements of operations. Fair value of exchange-traded contracts is based upon exchange settlement prices. Fair value of non-exchange-traded contracts is based on third party quoted dealer values on the interbank market. For U.S. Treasury securities, interest was recognized in the period earned and the instruments were marked-to-market daily based on third party information. Transaction costs are recognized as incurred and reflected separately in the consolidated statements of operations. |
Purchase and Sales of Private Investment Companies | Purchase and Sales of Private Investment Companies |
Foreign Currency Transactions | Foreign Currency Transactions— |
Allocation of Earnings | Allocation of Earnings— Each Series allocates funds to an affiliated Trading Company, or Companies, of the Trust, or unaffiliated Galaxy Plus entity. Each Trading Company allocates all of its daily trading gains or losses to the Series in proportion to each Series’ ownership trading level interest in the Trading Company, adjusted on a daily basis (except for Trading Advisors and other investments such as swaps that are directly allocated to a specific series). Likewise, trading gains and losses earned and incurred by the Series through their investments in Galaxy Plus entities are allocated to those Series on a daily basis. The allocation of gains and losses in Galaxy Plus entities are based on each Series pro-rata shares of the trading level of that entity which is updated at the beginning of each month or more frequently if there is a subscription or redemption activity in the entity. The value of all open contracts and cash held at clearing brokers is similarly allocated to the Series in proportion to each Series’ funds allocated to the Trading Companies or Galaxy Plus entities. |
Investments and Swaps | Investments and Swaps— |
Income Taxes | Income Taxes The 2018 through 2021 tax years generally remain subject to examination by U.S. federal and most state tax authorities. In the opinion of the Managing Owner, (i) the Trust is treated as a partnership for Federal income tax purposes and, assuming that at least 90% of the gross income of the Trust constitutes “qualifying income” within the meaning of Section 7704(d) of the Code, (ii) the Trust is not a publicly traded partnership treated as a corporation, and (iii) the discussion set forth in the Prospectus under the heading “U.S. Federal Income Tax Consequences” correctly summarizes the material Federal income tax consequences as of the date of the Prospectus to potential U.S. Limited Owners of the purchase, ownership and disposition of Series Units of the Trust. |
Fees and Expenses | Fees and Expenses— |
Incentive Fee (rebate) | Incentive Fee (rebate)— |
Service Fees | Service Fees Each Series is charged service fees as outlined above. In some cases, amounts paid to selling agents might be less than the amount charged to the Series. When this occurs, the service fee is rebated back to the investor in the form of additional units. During 2021, 2020 and 2019, the Series were not allowed to issue additional units. The Managing Owner has determined that the purchase of additional units of the relevant Series will commence in 2021 when the Series are allowed to sell shares again. As such, the Managing Owner has calculated the amounts for additional units of the relevant series which will be purchased and classified such amounts as Subscriptions in advance for service fee rebates of $701,464 and $673,809 as of September 30, 2022 and December 31, 2021, respectively. These service fees are part of the offering costs of the Trust, which include registration and filing fees, legal and blue1 sky expenses, accounting and audit, printing, marketing support and other offering costs which are borne by the Managing Owner. With respect to the service fees, the initial service fee (for the first 12 months) relating to a purchase of Class 1 and Class 1a Units by an investor is prepaid by the Managing Owner to the relevant selling agent in the month following such purchase and is reimbursed for such payment by the Series monthly in arrears in an amount based upon a corresponding percentage of NAV, calculated daily. Consequently, the Managing Owner bears the risk of the downside and enjoys the benefit of the upside potential of any difference between the amount of the initial service fee prepaid by it and the amount of the reimbursement thereof, which may result from variations in NAV over the following 12 months. |
Pending Owner Additions | Pending Owner Additions— |
Owner redemptions payable | Owner redemptions payable— |
Recently Adopted Accounting Pronouncements | Recently Adopted Accounting Pronouncements— |
Subsequent Events | Subsequent Events Subsequent Events |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
The Series of Frontier Funds [Member] | |
Fair Value Measurements (Tables) [Line Items] | |
Schedule of financial asset portfolio measured at fair value | September 30, 2022 Practical Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 36,610 $ - $ - $ - $ 36,610 U.S. Treasury Securities - 81,003 - - 81,003 Frontier Masters Fund Investment in Unconsolidated Trading Companies 18,469 - - - 18,469 U.S. Treasury Securities - 40,864 - - 40,864 Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 21,415 - - - 21,415 U.S. Treasury Securities - 47,383 - - 47,383 Frontier Balanced Fund Investment in Unconsolidated Trading Companies 56,350 - - 56,350 Open Trade Equity (Deficit) - 4,615 - - 4,615 U.S. Treasury Securities 124,679 - - 124,679 Frontier Select Fund Investment in Unconsolidated Trading Companies 19,710 - - - 19,710 U.S. Treasury Securities - 43,611 - - 43,611 Frontier Global Fund Investment in Unconsolidated Trading Companies 66,735 - - - 66,735 U.S. Treasury Securities - 147,657 - - 147,657 Frontier Heritage Fund Investment in Unconsolidated Trading Companies 54,249 - - - 54,249 U.S. Treasury Securities - 120,029 - - 120,029 December 31, 2021 Practical Level 1 Inputs Level 2 Inputs Level 3 Inputs Total Frontier Diversified Fund Investment in Unconsolidated Trading Companies $ 30,788 $ - $ - $ - $ 30,788 U.S. Treasury Securities - 33,274 - - 33,274 Frontier Masters Fund Investment in Unconsolidated Trading Companies 14,270 - - - 14,270 U.S. Treasury Securities - 15,422 - - 15,422 Frontier Long/Short Commodity Fund Investment in Unconsolidated Trading Companies 7,541 - - - 7,541 U.S. Treasury Securities - 8,148 - - 8,148 Frontier Balanced Fund Investment in Unconsolidated Trading Companies 34,977 - - - 34,977 Open Trade Equity (Deficit) - 14,836 - - 14,836 U.S. Treasury Securities - 37,801 - - 37,801 Frontier Select Fund Investment in Unconsolidated Trading Companies 9,514 - - - 9,514 U.S. Treasury Securities - 10,282 - - 10,282 Frontier Global Fund Investment in Unconsolidated Trading Companies 23,818 - - - 23,818 U.S. Treasury Securities - 25,740 - - 25,740 Frontier Heritage Fund Investment in Unconsolidated Trading Companies 9,087 - - - 9,087 U.S. Treasury Securities - 9,820 - - 9,820 |
Frontier Funds [Member] | |
Fair Value Measurements (Tables) [Line Items] | |
Schedule of financial asset portfolio measured at fair value | September 30, 2022 Level 1 Level 2 Level 3 Fair Value Open Trade Equity (Deficit) $ 4,615 $ - $ - $ 4,615 U.S. Treasury Securities 605,226 - - 605,226 December 31, 2021 Level 1 Level 2 Level 3 Fair Value Open Trade Equity (Deficit) $ 14,836 $ - $ - $ 14,836 U.S. Treasury Securities 140,487 - - 140,487 |
Investments in Unconsolidated_2
Investments in Unconsolidated Trading Companies and Private Investment Companies (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
The Series of Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Tables) [Line Items] | |
Schedule of investments in unconsolidated trading companies | As of September 30, 2022 As of December 31, 2021 Percentage of Percentage of Series Total Series Total Capital Invested in Capital Invested in Series Unconsolidated Trading Companies Fair Value Unconsolidated Trading Companies Fair Value Frontier Diversified Series — Frontier Trading Company XXXVIII 1.04 % $ 36,610 1.02 % $ 30,788 Frontier Masters Fund --- Frontier Trading Company XXXVIII 1.87 % $ 18,469 2.02 % $ 14,270 Frontier Long/Short Commodity Fund --- Frontier Trading Company XXXVIII 1.28 % $ 21,415 0.61 % $ 7,541 Frontier Balanced Fund --- Frontier Trading Company XXXVIII 0.47 % $ 56,350 0.37 % $ 34,977 Frontier Select Fund --- Frontier Trading Companies XXXVIII 0.88 % $ 19,710 0.67 % $ 9,514 Frontier Global Fund --- Frontier Trading Company XXXVIII 1.89 % $ 66,735 1.13 % $ 23,818 Frontier Heritage Fund --- Frontier Trading Company XXXVIII 1.35 % $ 54,249 0.39 % $ 9,087 |
Schedule of earnings from unconsolidated trading companies and private investment companies | Three Months Ended September, 2022 Three Months Ended September, 2021 Trading Realized Change in Net Income Trading Realized Change in Net Income Frontier Balanced Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 421 $ 421 $ - $ - $ (7,892 ) $ (7,892 ) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (1,040 ) 452,263 (88,970 ) 362,253 (1,527 ) 17,408 55,124 71,005 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (736 ) (52,022 ) (71,659 ) (124,417 ) (5,970 ) 169,823 (627,689 ) (463,836 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (5,506 ) 42 (505,134 ) (510,598 ) (3,803 ) (30,844 ) 222,902 188,255 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (1,601 ) 6,867 206,639 211,905 (4,627 ) 4,082 (85,162 ) (85,707 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (4,678 ) 188,433 (28,658 ) 155,097 (13,098 ) 183,530 (9,760 ) 160,672 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - - - - (1,703 ) (20,009 ) 22,204 492 Galaxy Plus Fund – Quantica Managed Futures Master Fund (507) LLC) (617 ) 87,512 (11,558 ) 75,337 - - - - Total $ (14,178 ) $ 683,095 $ (498,919 ) $ 169,998 $ (30,728 ) $ 323,990 $ (430,273 ) $ (137,011 ) Frontier Global Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 7,397 $ 7,397 $ - $ - $ 829 $ 829 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (1,329 ) 288,046 192,153 478,870 (2,503 ) 28,130 73,429 99,056 Total $ (1,329 ) $ 288,046 $ 199,550 $ 486,267 $ (2,503 ) $ 28,130 74,258 $ 99,885 Frontier Select Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 5,275 $ 5,275 $ - $ - $ (69 ) $ (69 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (2,281 ) 32,649 38,286 68,654 (4,877 ) 67,663 (7,516 ) 55,270 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - - - - (686 ) (8,299 ) 7,373 (1,612 ) Galaxy Plus Fund – Quantica Managed Futures Master Fund (507) LLC) (255 ) 23,948 4,901 28,594 - - - - Total $ (2,536 ) $ 56,597 $ 48,462 $ 102,523 $ (5,563 ) $ 59,364 $ (212 ) $ 53,589 Frontier Heritage Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 7,444 $ 7,444 $ - $ - $ 981 $ 981 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (1,086 ) 193,955 183,775 376,644 (1,439 ) 16,356 41,181 56,098 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (1,685 ) 7,310 48,844 54,469 (4,691 ) 66,486 (7,146 ) 54,649 - Total $ (2,771 ) $ 201,265 $ 240,063 $ 438,557 $ (6,130 ) $ 82,842 $ 35,016 $ 111,728 Frontier Long/Short Commodity Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 4,928 $ 4,928 $ - $ - $ (7 ) $ (7 ) Galaxy Plus Fund - LRR Feeder Fund (522) LLC (132 ) 824 20,300 20,992 (120 ) 26,360 (23,799 ) 2,441 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (1,114 ) 9,642 23,276 31,804 (2,730 ) 38,119 (5,606 ) 29,783 Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC (363 ) 4,820 1,301 5,758 (3,298 ) 86,851 (96,446 ) (12,893 ) Total $ (1,609 ) $ 15,286 $ 49,805 $ 63,482 $ (6,148 ) $ 151,330 $ (125,858 ) $ 19,324 Frontier Diversified Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 7,026 $ 7,026 $ - $ - $ (449 ) $ (449 ) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (375 ) 125,128 7,414 132,167 (640 ) 7,312 23,964 30,636 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (407 ) (17,962 ) (48,490 ) (66,859 ) (2,513 ) 71,506 (271,402 ) (202,409 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (1,351 ) 11 (126,844 ) (128,184 ) (870 ) (6,983 ) 50,260 42,407 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (602 ) 1,631 78,920 79,949 (2,008 ) 1,764 (37,507 ) (37,751 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (1,114 ) 32,189 6,547 37,622 (2,389 ) 33,745 (2,180 ) 29,176 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - - - - (379 ) (4,507 ) 4,402 (484 ) Galaxy Plus Fund – Quantica Managed Futures Master Fund (507) LLC) (109 ) 26,364 (17,208 ) 9,047 - - - - Total $ (3,958 ) $ 167,361 $ (92,635 ) $ 70,768 $ (8,799 ) $ 102,837 $ (232,912 ) $ (138,874 ) Frontier Masters Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 2,849 $ 2,849 $ - $ - $ (50 ) $ (50 ) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (152 ) 41,926 13,616 55,390 (296 ) 3,396 11,798 14,898 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (440 ) 11,840 5,589 16,989 (1,258 ) 17,769 (1,385 ) 15,126 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - - - - (208 ) (2,486 ) 2,113 (581 ) Galaxy Plus Fund – Quantica Managed Futures Master Fund (507) LLC) (88 ) 4,612 8,503 13,027 - - - - Total $ (680 ) $ 58,378 $ 30,557 $ 88,255 $ (1,762 ) $ 18,679 $ 12,476 $ 29,393 Nine Months Ended September, 2022 Nine Months Ended September, 2021 Trading Realized Change in Net Income Trading Realized Change in Net Income Frontier Balanced Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 49,885 $ 49,885 $ - $ - $ (36,142 ) $ (36,142 ) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (3,291 ) 563,544 1,119,184 1,679,437 (4,108 ) 173,578 114,603 284,073 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC - - - - - (433 ) - (433 ) Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC - - - - - 252 - 252 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (7,304 ) (118,006 ) (1,205,437 ) (1,330,747 ) (19,136 ) 464,263 (786,970 ) (341,843 ) Galaxy Plus Fund - LRR Feeder Fund (522) LLC - - - - - (1,910 ) - (1,910 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (15,581 ) 15,020 421,812 421,251 (9,204 ) (233,955 ) 56,175 (186,984 ) Galaxy Plus Fund - Quest Feeder Fund (517) LLC (5,289 ) 83,798 1,101,639 1,180,148 (13,536 ) 121,430 (7,184 ) 100,710 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (17,203 ) 391,790 1,065,639 1,440,226 (39,426 ) 996,949 146,910 1,104,433 Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (1,885 ) 130,311 730,608 859,034 - - - - Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - (1,267,769 ) 1,265,738 (2,031 ) (3,787 ) (448,411 ) 368,448 (83,750 ) Total $ (50,553 ) $ (201,312 ) $ 4,549,068 $ 4,297,203 $ (89,197 ) $ 1,071,763 $ (144,160 ) $ 838,406 Frontier Global Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 18,704 $ 18,704 $ - $ - $ 13,159 $ 13,159 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (4,120 ) 652,634 1,563,577 2,212,091 (6,827 ) 293,622 80,258 367,053 Total $ (4,120 ) $ 652,634 $ 1,582,281 $ 2,230,795 $ (6,827 ) $ 293,622 $ 93,417 $ 380,212 Frontier Select Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 12,104 $ 12,104 $ - $ - $ 6,956 $ 6,956 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC - - - - - 387 - 387 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (7,638 ) 125,636 552,436 670,434 (13,325 ) 321,795 38,851 347,321 Galaxy Plus Fund - TT Feeder Fund (531) LLC - - - - - 864 - 864 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - (577,421 ) 576,576 (845 ) (1,599 ) (198,484 ) 149,525 (50,558 ) Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (730 ) 40,012 282,901 322,183 - - - - Total $ (8,368 ) $ (411,773 ) $ 1,424,017 $ 1,003,876 $ (14,924 ) $ 124,562 $ 195,332 $ 304,970 Frontier Heritage Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 17,402 $ 17,402 $ - $ - $ 11,448 $ 11,448 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (3,283 ) 332,745 1,366,680 1,696,142 (3,865 ) 161,521 26,673 184,329 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (5,856 ) 101,489 415,289 510,922 (12,655 ) 302,134 31,369 320,848 Total $ (9,139 ) $ 434,234 $ 1,799,371 $ 2,224,466 $ (16,520 ) $ 463,655 $ 69,490 $ 516,625 Frontier Long/Short Commodity Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 13,196 $ 13,196 $ - $ - $ 9,914 $ 9,914 Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC - - - - - 36 - 36 Galaxy Plus Fund - LRR Feeder Fund (522) LLC (852 ) (24,735 ) 158,580 132,993 (543 ) 152,407 (126,776 ) 25,088 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (3,815 ) 65,193 271,287 332,665 (7,233 ) 173,929 14,090 180,786 Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) (3,241 ) 819 123,766 121,344 (7,807 ) 107,810 (88,398 ) 11,605 Total $ (7,908 ) $ 41,277 $ 566,829 $ 600,198 $ (15,583 ) $ 434,182 $ (191,170 ) $ 227,429 Frontier Diversified Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 23,672 $ 23,672 $ - $ - $ 2,039 $ 2,039 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (1,221 ) 204,523 429,606 632,908 (2,057 ) 83,740 55,185 136,868 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC - - - - - (245 ) - (245 ) Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC - - - - - 157 - 157 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (3,876 ) (34,949 ) (655,158 ) (693,983 ) (8,665 ) 136,292 (259,205 ) (131,578 ) Galaxy Plus Fund - LRR Feeder Fund (522) LLC - - - - - (1,166 ) - (1,166 ) Galaxy Plus Fund - QIM Feeder Fund (526) LLC (3,699 ) 4,154 83,876 84,331 (2,224 ) (57,849 ) 6,460 (53,613 ) Galaxy Plus Fund - Quest Feeder Fund (517) LLC (2,210 ) 44,456 415,959 458,205 (7,103 ) 62,491 48,289 103,677 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (3,981 ) 88,311 259,627 343,957 (6,964 ) 172,937 30,463 196,436 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - (475,536 ) 475,137 (399 ) (858 ) (104,890 ) 85,736 (20,012 ) Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (353 ) 38,233 124,568 162,448 - - - - Total $ (15,340 ) $ (130,808 ) $ 1,157,287 $ 1,011,139 $ (27,871 ) $ 291,467 $ (31,033 ) $ 232,563 Frontier Masters Fund Frontier Trading Company XXXVIII, LLC $ - $ - $ 8,778 $ 8,778 $ - $ - $ 9,882 $ 9,882 Galaxy Plus Fund - Aspect Feeder Fund (532) LLC (486 ) 85,405 176,727 261,646 (1,068 ) 39,319 11,837 50,088 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC - - - - - (58 ) - (58 ) Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC - - - - - 52 - 52 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (1,657 ) 94,111 64,931 157,385 (3,592 ) 91,267 10,976 98,651 Galaxy Plus Fund - TT Feeder Fund (531) LLC - - - - - 520 - 520 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - (318,723 ) 318,481 (242 ) (536 ) (72,777 ) 50,005 (23,308 ) Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (231 ) 6,055 95,129 100,953 - - - - Total $ (2,374 ) $ (133,152 ) $ 664,046 $ 528,520 $ (5,196 ) $ 58,323 $ 82,700 $ 135,827 |
Schedule of private investment companies have certain redemption and liquidity restrictions | Redemptions Redemptions Liquidity Notice Period Permitted Restrictions Frontier Diversified Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None Frontier Masters Fund Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Weekly None Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Frontier Long/Short Commodity Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) 24 hours Daily None Frontier Balanced Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None Frontier Select Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Frontier Global Fund Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Frontier Heritage Fund Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None |
Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Tables) [Line Items] | |
Schedule of earnings from unconsolidated trading companies and private investment companies | Three Months Ended September, 2022 Three Months Ended September, 2021 Change in Change in Trading Realized Unrealized Net Income Trading Realized Unrealized Net Income Commissions Gain/(Loss) Gain/(Loss) (Loss) Commissions Gain/(Loss) Gain/(Loss) (Loss) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC $ (3,982 ) $ 1,101,318 $ 307,988 $ 1,405,324 $ (6,405 ) $ 72,602 $ 205,496 $ 271,693 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (1,143 ) (69,984 ) (120,149 ) (191,276 ) (8,483 ) 241,329 (899,091 ) (666,245 ) Galaxy Plus Fund - LRR Feeder Fund (522) LLC (132 ) 824 20,300 20,992 (120 ) 26,360 (23,799 ) 2,441 Galaxy Plus Fund - QIM Feeder Fund (526) LLC (6,857 ) 53 (631,978 ) (638,782 ) (4,673 ) (37,827 ) 273,162 230,662 Galaxy Plus Fund - Quest Feeder Fund (517) LLC (2,203 ) 8,498 285,559 291,854 (6,635 ) 5,846 (122,669 ) (123,458 ) Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC - 5,168 30,172 35,340 - - (1,847 ) (1,847 ) Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (11,312 ) 282,063 93,884 364,635 (29,043 ) 407,312 (33,593 ) 344,676 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - - - - (2,976 ) (35,301 ) 36,092 (2,185 ) Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC (363 ) 4,820 1,301 5,758 (3,298 ) 86,851 -96446 (12,893 ) Galaxy Plus Fund – Quantica Managed Futures Master Fund (507) LLC) (1,069 ) 142,436 (15,362 ) 126,005 - - - - Total $ (27,061 ) $ 1,475,196 $ (28,285 ) $ 1,419,850 $ (61,633 ) $ 767,172 $ (662,695 ) $ 42,844 Nine Months Ended September, 2022 Nine Months Ended September, 2021 Change in Change in Trading Realized Unrealized Net Income Trading Realized Unrealized Net Income Commissions Gain/(Loss) Gain/(Loss) (Loss) Commissions Gain/(Loss) Gain/(Loss) (Loss) Galaxy Plus Fund - Aspect Feeder Fund (532) LLC $ (12,401 ) $ 1,838,851 $ 4,655,774 $ 6,482,224 $ (17,925 ) $ 751,780 $ 288,555 $ 1,022,410 Galaxy Plus Fund - Doherty Feeder Fund (528) LLC - - - - - (349 ) - (349 ) Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC - - - - - 497 - 497 Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC (11,180 ) (152,955 ) (1,860,595 ) (2,024,730 ) (27,801 ) 600,555 (1,046,175 ) (473,421 ) Galaxy Plus Fund - LRR Feeder Fund (522) LLC (852 ) (24,735 ) 158,580 132,993 (543 ) 149,331 (126,776 ) 22,012 Galaxy Plus Fund - QIM Feeder Fund (526) LLC (19,280 ) 19,174 505,688 505,582 (11,428 ) (291,804 ) 62,635 (240,597 ) Galaxy Plus Fund - Quest Feeder Fund (517) LLC (7,499 ) 128,254 1,517,598 1,638,353 (20,639 ) 183,921 41,105 204,387 Galaxy Plus Fund - Quest FIT Feeder Fund (535) LLC - 124,760 18,981 143,741 - - 42,887 42,887 Galaxy Plus Fund - TT Feeder Fund (531) LLC - - - - - 1,384 - 1,384 Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC (40,150 ) 866,530 2,629,209 3,455,589 (83,195 ) 2,059,011 272,659 2,248,475 Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) - (2,639,449 ) 2,635,932 (3,517 ) (6,780 ) (824,562 ) 653,714 (177,628 ) Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) (3,241 ) 819 123,766 121,344 (7,807 ) 107,810 (88,398 ) 11,605 Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC (3,199 ) 214,611 1,233,206 1,444,618 - - - - Total $ (97,802 ) $ 375,860 $ 11,618,139 $ 11,896,197 $ (176,118 ) $ 2,737,574 $ 100,206 $ 2,661,662 |
Schedule of private investment companies have certain redemption and liquidity restrictions | Redemptions Redemptions Liquidity Notice Period Permitted Restrictions Frontier Funds Multi-Strategy Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC 24 hours Daily None Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC 24 hours Daily None Galaxy Plus Fund – Volt Diversified Alpha Feeder Fund (550) LLC) 24 hours Daily None Trend Following Galaxy Plus Fund - Aspect Feeder Fund (532) LLC 24 hours Daily None Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC 24 hours Daily None Galaxy Plus Fund - QIM Feeder Fund (526) LLC 24 hours Daily None Galaxy Plus Fund - Quest Feeder Fund (517) LLC 24 hours Daily None |
Transactions with Affiliates (T
Transactions with Affiliates (Tables) - The Series of Frontier Funds [Member] | 9 Months Ended |
Sep. 30, 2022 | |
Transactions with Affiliates (Tables) [Line Items] | |
Schedule of fees earned by managing owner | Three Months Ended September 30, 2022 Incentive Management Service Fee Trading Fee Frontier Diversified Fund $ - $ - $ 285 $ 30,682 Frontier Masters Fund - - 149 14,561 Frontier Long/Short Commodity Fund - - 75 11,590 Frontier Balanced Fund 119,673 4,568 64,895 122,548 Frontier Select Fund - - 14,259 16,106 Frontier Global Fund - - 22,097 38,321 Frontier Heritage Fund - - 24,582 37,296 Three Months Ended September 30, 2021 Incentive Management Service Fee Trading Fee Frontier Diversified Fund $ - $ - $ 310 $ 29,513 Frontier Masters Fund - - 135 12,339 Frontier Long/Short Commodity Fund - - 58 10,055 Frontier Balanced Fund 54,924 4,764 62,976 108,142 Frontier Select Fund - - 11,949 12,176 Frontier Global Fund - - 17,993 34,334 Frontier Heritage Fund - - 16,886 25,399 Nine Months Ended September 30, 2022 Incentive Management Service Fee Trading Fee Frontier Diversified Fund $ - $ - $ 850 $ 92,978 Frontier Masters Fund - - 416 40,425 Frontier Long/Short Commodity Fund - - 201 30,640 Frontier Balanced Fund 213,064 13,446 201,554 357,046 Frontier Select Fund - - 40,141 44,160 Frontier Global Fund - - 61,883 106,578 Frontier Heritage Fund - - 68,047 101,544 Nine Months Ended September 30, 2021 Incentive Management Service Fee Trading Fee Frontier Diversified Fund $ - $ - $ 1,860 $ 97,487 Frontier Masters Fund - - 492 40,507 Frontier Long/Short Commodity Fund - - 170 28,870 Frontier Balanced Fund 104,764 13,978 195,972 332,131 Frontier Select Fund - - 35,191 35,541 Frontier Global Fund - - 58,383 106,684 Frontier Heritage Fund - - 50,788 75,071 |
Schedule of fees payable to managing owner | As of September 30, 2022 Incentive Fees Management Fees Interest Fees Service Fees Trading Fees Frontier Diversified Fund $ - $ - $ - $ 95 $ 10,189 Frontier Masters Fund - - - 51 4,885 Frontier Long/Short Commodity Fund - - 64 25 3,751 Frontier Balanced Fund 120,365 1,621 447 19,187 38,932 Frontier Select Fund - - 423 4,667 5,056 Frontier Global Fund - - 818 7,480 13,001 Frontier Heritage Fund - - 778 7,555 12,420 As of December 31, 2021 Incentive Fees Management Fees Interest Fees Service Fees Trading Fees Frontier Diversified Fund $ - $ - $ - $ 83 $ 9,217 Frontier Masters Fund - - - 43 3,882 Frontier Long/Short Commodity Fund - - 32 19 3,407 Frontier Balanced Fund 54,702 1,431 957 18,314 32,970 Frontier Select Fund - - 196 3,524 3,682 Frontier Global Fund - - 312 4,986 9,533 Frontier Heritage Fund - - 217 4,950 8,307 |
Schedule of interest paid by each series to managing owner | September 30, September 30, September 30, September 30, Three Months Ended Gross Amount Gross Amount Ratio to Ratio to Frontier Long/Short Commodity Fund Class 2 5 4 0.01 % 0.01 % Frontier Long/Short Commodity Fund Class 3 174 111 0.02 % 0.01 % Frontier Balanced Fund Class 1 1,393 3,661 0.02 % 0.04 % Frontier Balanced Fund Class 1AP 14 48 0.02 % 0.05 % Frontier Balanced Fund Class 2 331 738 0.02 % 0.04 % Frontier Balanced Fund Class 2a 2 7 0.00 % 0.01 % Frontier Balanced Fund Class 3a 17 45 0.00 % 0.01 % Frontier Select Fund Class 1 1,045 640 0.07 % 0.04 % Frontier Select Fund Class 1AP 8 4 0.07 % 0.04 % Frontier Select Fund Class 2 54 32 0.07 % 0.04 % Frontier Global Fund Class 1 1,670 388 0.06 % 0.02 % Frontier Global Fund Class 2 84 31 0.06 % 0.02 % Frontier Heritage Fund Class 1 1,553 660 0.05 % 0.03 % Frontier Heritage Fund Class 1AP 7 2 0.05 % 0.02 % Frontier Heritage Fund Class 2 131 69 0.05 % 0.03 % Total $ 6,488 $ 6,440 September 30, September 30, September 30, September 30, Nine months ended Gross Amount Gross Amount Ratio to Ratio to Frontier Long/Short Commodity Fund Class 2 12 18 0.04 % 0.05 % Frontier Long/Short Commodity Fund Class 3 407 518 0.04 % 0.05 % Frontier Balanced Fund Class 1 8,043 7,208 0.09 % 0.08 % Frontier Balanced Fund Class 1AP 75 96 0.09 % 0.09 % Frontier Balanced Fund Class 2 1,759 1,456 0.09 % 0.08 % Frontier Balanced Fund Class 2a 11 14 0.02 % 0.02 % Frontier Balanced Fund Class 3a 90 87 0.02 % 0.02 % Frontier Select Fund Class 1 2,407 2,208 0.14 % 0.14 % Frontier Select Fund Class 1AP 19 15 0.13 % 0.14 % Frontier Select Fund Class 2 124 104 0.14 % 0.14 % Frontier Global Fund Class 1 3,834 2,492 0.14 % 0.10 % Frontier Global Fund Class 2 222 183 0.13 % 0.09 % Frontier Heritage Fund Class 1 3,411 2,708 0.11 % 0.12 % Frontier Heritage Fund Class 1AP 14 10 0.11 % 0.12 % Frontier Heritage Fund Class 2 300 277 0.11 % 0.12 % Total $ 20,728 $ 17,394 |
Financial Highlights (Tables)
Financial Highlights (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
The Series of Frontier Funds [Member] | |
Financial Highlights (Tables) [Line Items] | |
Schedule of financial highlights of trust | Frontier Frontier Frontier Long/ Class 2 Class 3 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, June 30, 2022 $ 114.63 $ 107.78 $ 118.06 $ 111.44 $ 129.50 $ 84.59 $ 135.85 $ 89.61 Net operating results: Interest income 0.06 0.05 0.10 0.09 0.08 0.05 0.09 0.06 Expenses (1.03 ) (0.97 ) (1.91 ) (1.80 ) (0.93 ) (0.61 ) (0.97 ) (0.64 ) Net gain/(loss) on investments, net of non-controlling interests 2.23 2.17 11.02 10.48 4.70 3.20 4.93 3.45 Net income/(loss) 1.26 1.25 9.21 8.77 3.85 2.65 4.04 2.86 Net asset value, September 30, 2022 $ 115.89 $ 109.03 $ 127.27 $ 120.21 $ 133.35 $ 87.24 $ 139.89 $ 92.47 Ratios to average net assets Net investment income/(loss) -3.57 % -3.57 % -6.49 % -6.49 % -2.64 % -2.64 % -2.64 % -2.64 % Expenses before incentive fees (3)(4) 3.78 % 3.78 % 6.85 % 6.85 % 2.89 % 2.89 % 2.89 % 2.89 % Expenses after incentive fees (3)(4) 3.78 % 3.78 % 6.85 % 6.85 % 2.89 % 2.89 % 2.89 % 2.89 % Total return before incentive fees (2) 1.10 % 1.16 % 7.80 % 7.87 % 2.97 % 3.13 % 2.97 % 3.19 % Total return after incentive fees (2) 1.10 % 1.16 % 7.80 % 7.87 % 2.97 % 3.13 % 2.97 % 3.19 % Incentive fee per share - - - - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Frontier Balanced Fund Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, June 30, 2022 $ 118.43 $ 150.04 $ 202.33 $ 175.51 $ 175.09 $ 102.01 $ 129.36 $ 171.66 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (3.36 ) (3.18 ) (130.09 ) (3.73 ) (3.71 ) (1.45 ) (0.95 ) (1.26 ) Net gain/(loss) on investments, net of non-controlling interests 6.92 8.87 137.77 10.38 10.38 4.70 6.08 8.07 Net income/(loss) 3.57 5.69 7.68 6.66 6.68 3.25 5.13 6.81 Net asset value, September 30, 2022 $ 122.00 $ 155.73 $ 210.01 $ 182.17 $ 181.77 $ 105.26 $ 134.49 $ 178.47 Ratios to average net assets Net investment income/(loss) -8.76 % -5.70 % -5.70 % -5.70 % -5.70 % -6.21 % -3.20 % -3.20 % Expenses before incentive fees (3)(4) 7.68 % 4.63 % 4.63 % 4.63 % 4.63 % 6.21 % 3.20 % 3.20 % Expenses after incentive fees (3)(4) 8.76 % 5.70 % 5.70 % 5.70 % 5.70 % 6.21 % 3.20 % 3.20 % Total return before incentive fees (2) 4.09 % 4.87 % 4.87 % 4.87 % 4.89 % 3.18 % 3.97 % 3.97 % Total return after incentive fees (2) 3.01 % 3.79 % 3.79 % 3.79 % 3.81 % 3.18 % 3.97 % 3.97 % Incentive fee per share 1.20 1.53 62.50 1.79 1.78 - - - Incentive Fee to ANA 1.08 % 1.08 % 1.08 % 1.08 % 1.08 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, June 30, 2022 $ 200.09 $ 316.20 $ 180.77 $ 229.22 $ 306.76 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (3.94 ) (3.89 ) (3.17 ) (2.35 ) (3.14 ) Net gain/(loss) on investments, net of non-controlling interests 30.91 49.23 21.56 27.57 36.91 Net income/(loss) 26.97 45.35 18.39 25.23 33.77 Net asset value, September 30, 2022 $ 227.06 $ 361.55 $ 199.16 $ 254.45 $ 340.53 Ratios to average net assets Net investment income/(loss) -7.97 % -4.96 % -7.20 % -4.19 % -4.19 % Expenses before incentive fees (3)(4) 7.97 % 4.96 % 7.20 % 4.19 % 4.19 % Expenses after incentive fees (3)(4) 7.97 % 4.96 % 7.20 % 4.19 % 4.19 % Total return before incentive fees (2) 13.48 % 14.34 % 10.18 % 11.01 % 11.01 % Total return after incentive fees (2) 13.48 % 14.34 % 10.18 % 11.01 % 11.01 % Incentive fee per share - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % * Class 1 of Frontier Masters Fund was closed as of April 1, 2021. Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, June 30, 2021 $ 77.68 $ 95.90 $ 89.95 $ - $ 73.52 $ 69.23 $ 98.49 $ 63.74 $ 103.32 $ 67.36 Net operating results: Interest income 0.03 0.03 0.03 - 0.05 0.05 0.04 0.03 0.05 0.03 Expenses (1.30 ) (0.87 ) (0.81 ) - (1.10 ) (1.09 ) (0.71 ) (0.46 ) (0.74 ) (0.49 ) Net gain/(loss) on investments, net of non-controlling interests (76.41 ) (4.08 ) (3.77 ) - * 2.63 2.57 1.27 1.04 1.33 1.14 Net income/(loss) (77.68 ) (4.91 ) (4.56 ) - * 1.58 1.53 0.60 0.61 0.63 0.68 Net asset value, September 30, 2021 $ - $ 90.99 $ 85.39 $ - * $ 75.10 $ 70.76 $ 99.09 $ 64.35 $ 103.95 $ 68.04 Ratios to average net assets Net investment income/(loss) -6.53 % -3.45 % -3.45 % 0.00 % -5.88 % -5.88 % -2.67 % -2.67 % -2.67 % -2.67 % Expenses before incentive fees (3)(4) 6.67 % 3.60 % 3.60 % 0.00 % 6.17 % 6.17 % 2.85 % 2.85 % 2.85 % 2.85 % Expenses after incentive fees (3)(4) 6.67 % 3.60 % 3.60 % 0.00 % 6.17 % 6.17 % 2.85 % 2.85 % 2.85 % 2.85 % Total return before incentive fees (2) -1.71 %* -5.12 % -5.07 % 0.00 %* 2.15 % 2.21 % 0.61 % 0.96 % 0.61 % 1.01 % Total return after incentive fees (2) -1.71 %* -5.12 % -5.07 % 0.00 %* 2.15 % 2.21 % 0.61 % 0.96 % 0.61 % 1.01 % Incentive fee per share - - - - - - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Frontier Balanced Fund Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, June 30, 2021 $ 85.86 $ 105.55 $ 142.34 $ 123.47 $ 123.05 $ 66.17 $ 81.44 $ 108.07 Net operating results: Interest income 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00 Expenses (2.03 ) (1.70 ) (46.17 ) (1.99 ) (1.98 ) (1.03 ) (0.62 ) (0.83 ) Net gain/(loss) on investments, net of non-controlling interests 0.79 0.96 45.15 1.17 1.16 2.18 2.66 3.52 Net income/(loss) (1.24 ) (0.73 ) (1.00 ) (0.82 ) (0.82 ) 1.15 2.03 2.70 Net asset value, September 30, 2021 $ 84.62 $ 104.82 $ 141.34 $ 122.65 $ 122.23 $ 67.32 $ 83.47 $ 110.77 Ratios to average net assets Net investment income/(loss) -7.75 % -4.75 % -4.75 % -4.75 % -4.75 % -5.89 % -2.89 % -2.89 % Expenses before incentive fees (3)(4) 7.24 % 4.24 % 4.24 % 4.24 % 4.24 % 5.89 % 2.89 % 2.89 % Expenses after incentive fees (3)(4) 7.75 % 4.75 % 4.75 % 4.75 % 4.75 % 5.89 % 2.89 % 2.89 % Total return before incentive fees (2) -0.93 % -0.18 % -0.19 % -0.15 % -0.15 % 1.73 % 2.49 % 2.49 % Total return after incentive fees (2) -1.45 % -0.70 % -0.70 % -0.66 % -0.67 % 1.73 % 2.49 % 2.49 % Incentive fee per share 0.45 0.55 14.98 0.64 0.64 - - - Incentive Fee to ANA 0.51 % 0.51 % 0.51 % 0.51 % 0.51 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, June 30, 2021 $ 117.28 $ 179.85 $ 109.26 $ 134.44 $ 179.93 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (2.33 ) (2.29 ) (1.90 ) (1.45 ) (1.81 ) Net gain/(loss) on investments, net of non-controlling interests 4.61 7.19 4.84 6.12 8.04 Net income/(loss) 2.28 4.90 2.94 4.66 6.24 Net asset value, September 30, 2021 $ 119.56 $ 184.75 $ 112.20 $ 139.10 $ 186.17 Ratios to average net assets Net investment income/(loss) -8.28 % -5.29 % -7.05 % -4.06 % -4.06 % Expenses before incentive fees (3)(4) 8.28 % 5.29 % 7.05 % 4.06 % 4.06 % Expenses after incentive fees (3)(4) 8.28 % 5.29 % 7.05 % 4.06 % 4.06 % Total return before incentive fees (2) 1.95 % 2.72 % 2.69 % 3.47 % 3.47 % Total return after incentive fees (2) 1.95 % 2.72 % 2.69 % 3.47 % 3.47 % Incentive fee per share - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Frontier Frontier Frontier Long/ Class 2 Class 3 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, December 31, 2021 $ 88.98 $ 83.56 $ 70.17 $ 66.15 $ 89.97 $ 58.75 $ 94.38 $ 62.16 Net operating results: Interest income 0.14 0.13 0.25 0.23 0.18 0.12 0.19 0.13 Expenses (2.99 ) (2.80 ) (4.99 ) (4.68 ) (2.39 ) (1.57 ) (2.51 ) (1.66 ) Net gain/(loss) on investments, net of non-controlling interests 29.76 28.14 61.85 58.51 45.59 29.93 47.82 31.84 Net income/(loss) 26.91 25.47 57.10 54.06 43.38 28.49 45.51 30.31 Net asset value, September 30, 2022 $ 115.89 $ 109.03 $ 127.27 $ 120.21 $ 133.35 $ 87.24 $ 139.89 $ 92.47 Ratios to average net assets Net investment income/(loss) -3.54 % -3.54 % -6.30 % -6.30 % -2.57 % -2.57 % -2.57 % -1.92 % Expenses before incentive fees (3)(4) 3.72 % 3.72 % 6.63 % 6.63 % 2.78 % 2.78 % 2.78 % 2.08 % Expenses after incentive fees (3)(4) 3.72 % 3.72 % 6.63 % 6.63 % 2.78 % 2.78 % 2.78 % 2.08 % Total return before incentive fees (2) 30.24 % 30.49 % 81.37 % 81.72 % 48.22 % 48.49 % 48.22 % 48.77 % Total return after incentive fees (2) 30.24 % 30.49 % 81.37 % 81.72 % 48.22 % 48.49 % 48.22 % 48.77 % Incentive fee per share - - - - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Frontier Balanced Fund Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2021 $ 82.82 $ 103.38 $ 139.40 $ 120.98 $ 120.57 $ 63.39 $ 79.21 $ 105.10 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (7.98 ) (7.00 ) (9.45 ) (8.16 ) (8.19 ) (3.98 ) (2.57 ) (3.39 ) Net gain/(loss) on investments, net of non-controlling interests 47.16 59.35 80.05 69.35 69.39 45.85 57.85 76.76 Net income/(loss) 39.18 52.35 70.61 61.19 61.20 41.87 55.28 73.37 Net asset value, September 30, 2022 $ 122.00 $ 155.73 $ 210.01 $ 182.17 $ 181.77 $ 105.26 $ 134.49 $ 178.47 Ratios to average net assets Net investment income/(loss) -9.36 % -6.29 % -6.29 % -6.29 % -6.29 % -6.14 % -3.13 % -3.13 % Expenses before incentive fees (3)(4) 7.49 % 4.42 % 4.42 % 4.42 % 4.42 % 6.14 % 3.13 % 3.13 % Expenses after incentive fees (3)(4) 9.36 % 6.29 % 6.29 % 6.29 % 6.29 % 6.14 % 3.13 % 3.13 % Total return before incentive fees (2) 49.17 % 52.51 % 52.52 % 52.45 % 52.63 % 66.05 % 69.79 % 69.81 % Total return after incentive fees (2) 47.30 % 50.64 % 50.65 % 50.58 % 50.76 % 66.05 % 69.79 % 69.81 % Incentive fee per share 2.00 2.53 3.41 2.95 2.96 - - - Incentive Fee to ANA 1.87 % 1.87 % 1.87 % 1.87 % 1.87 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2021 $ 109.45 $ 170.40 $ 103.43 $ 129.19 $ 172.91 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (10.22 ) (9.37 ) (8.37 ) (6.14 ) (8.11 ) Net gain/(loss) on investments, net of non-controlling interests 127.83 200.52 104.10 131.39 175.73 Net income/(loss) 117.61 191.15 95.73 125.26 167.62 Net asset value, September 30, 2022 $ 227.06 $ 361.55 $ 199.16 $ 254.45 $ 340.53 Ratios to average net assets Net investment income/(loss) -7.91 % -4.89 % -7.13 % -4.11 % -4.11 % Expenses before incentive fees (3)(4) 7.91 % 4.89 % 7.13 % 4.11 % 4.11 % Expenses after incentive fees (3)(4) 7.91 % 4.89 % 7.13 % 4.11 % 4.11 % Total return before incentive fees (2) 107.46 % 112.18 % 92.56 % 96.96 % 96.94 % Total return after incentive fees (2) 107.46 % 112.18 % 92.56 % 96.96 % 96.94 % Incentive fee per share - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % * Class 1 of Frontier Masters Fund was closed as of April 1, 2021. Frontier Diversified Fund Frontier Masters Fund Frontier Long/Short Commodity Fund Class 1 Class 2 Class 3 Class 1 Class 2 Class 3 Class 2 Class 2a Class 3 Class 3a Per unit operating performance (1) Net asset value, December 31, 2020 $ 72.68 $ 88.95 $ 83.33 $ 55.18 $ 67.54 $ 63.52 $ 85.99 $ 55.29 $ 90.21 $ 58.37 Net operating results: Interest income 0.06 0.07 0.07 0.15 0.20 0.19 0.20 0.13 0.21 0.14 Expenses (3.52 ) (2.49 ) (2.39 ) (5.34 ) (3.37 ) (3.16 ) (2.03 ) (1.28 ) (2.10 ) (1.36 ) Net gain/(loss) on investments, net of non-controlling interests (69.21 )* 4.46 4.38 (49.99 )* 10.73 10.21 14.92 10.22 15.63 10.89 Net income/(loss) (72.68 )* 2.04 2.06 (55.18 )* 7.56 7.24 13.10 9.06 13.74 9.67 Net asset value, September 30, 2021 $ - * $ 90.99 $ 85.39 $ - * $ 75.10 $ 70.76 $ 99.09 $ 64.35 $ 103.95 $ 68.04 Ratios to average net assets Net investment income/(loss) -8.89 % -5.12 % -5.12 % -18.61 % -8.50 % -8.50 % -3.80 % -3.80 % -3.80 % -3.80 % Expenses before incentive fees (3)(4) 9.04 % 5.27 % 5.27 % 19.14 % 9.03 % 9.03 % 4.22 % 4.22 % 4.22 % 4.22 % Expenses after incentive fees (3)(4) 9.04 % 5.27 % 5.27 % 19.14 % 9.03 % 9.03 % 4.22 % 4.22 % 4.22 % 4.22 % Total return before incentive fees (2) 5.06 %* 2.29 % 2.48 % 4.59 %* 11.19 % 11.39 % 15.24 % 16.39 % 15.23 % 16.57 % Total return after incentive fees (2) 5.06 %* 2.29 % 2.48 % 4.59 %* 11.19 % 11.39 % 15.24 % 16.39 % 15.23 % 16.57 % Incentive fee per share - - - - - - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Frontier Balanced Fund Frontier Select Fund Class 1 Class 1AP Class 2 Class 2a Class 3a Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2020 $ 79.93 $ 96.81 $ 130.54 $ 113.20 $ 112.81 $ 58.55 $ 70.99 $ 94.20 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Expenses (5.36 ) (4.24 ) (5.68 ) (5.25 ) (4.83 ) (2.85 ) (1.67 ) (2.22 ) Net gain/(loss) on investments, net of non-controlling interests 10.04 12.24 16.48 14.69 14.25 11.62 14.15 18.78 Net income/(loss) 4.69 8.01 10.80 9.45 9.42 8.77 12.48 16.57 Net asset value, September 30, 2021 $ 84.62 $ 104.82 $ 141.34 $ 122.65 $ 122.23 $ 67.32 $ 83.47 $ 110.77 Ratios to average net assets Net investment income/(loss) -11.56 % -7.12 % -7.12 % -7.12 % -7.12 % -8.94 % -4.38 % -4.38 % Expenses before incentive fees (3)(4) 10.65 % 6.21 % 6.21 % 6.21 % 6.21 % 8.94 % 4.38 % 4.38 % Expenses after incentive fees (3)(4) 11.57 % 7.13 % 7.13 % 7.13 % 7.13 % 8.94 % 4.38 % 4.38 % Total return before incentive fees (2) 6.78 % 9.19 % 9.19 % 9.27 % 9.27 % 14.97 % 17.58 % 17.59 % Total return after incentive fees (2) 5.87 % 8.27 % 8.28 % 8.35 % 8.35 % 14.97 % 17.58 % 17.59 % Incentive fee per share 0.79 0.98 1.31 1.21 1.11 - - - Incentive Fee to ANA 0.92 % 0.92 % 0.92 % 0.92 % 0.92 % 0.00 % 0.00 % 0.00 % Frontier Global Fund Frontier Heritage Fund Class 1 Class 2 Class 1 Class 1AP Class 2 Per unit operating performance (1) Net asset value, December 31, 2020 $ 110.90 $ 167.56 $ 96.10 $ 116.50 $ 155.92 Net operating results: Interest income 0.00 0.00 0.00 0.00 0.00 Expenses (6.99 ) (6.57 ) (5.57 ) (3.91 ) (5.18 ) Net gain/(loss) on investments, net of non-controlling interests 15.65 23.76 21.67 26.52 35.42 Net income/(loss) 8.66 17.19 16.10 22.60 30.25 Net asset value, September 30, 2021 $ 119.56 $ 184.75 $ 112.20 $ 139.10 $ 186.17 Ratios to average net assets Net investment income/(loss) -11.77 % -7.42 % -10.56 % -6.04 % -6.04 % Expenses before incentive fees (3)(4) 11.77 % 7.42 % 10.56 % 6.04 % 6.04 % Expenses after incentive fees (3)(4) 11.77 % 7.42 % 10.56 % 6.04 % 6.04 % Total return before incentive fees (2) 7.81 % 10.26 % 16.75 % 19.40 % 19.40 % Total return after incentive fees (2) 7.81 % 10.26 % 16.75 % 19.40 % 19.40 % Incentive fee per share - - - - - Incentive Fee to ANA 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % |
Frontier Funds [Member] | |
Financial Highlights (Tables) [Line Items] | |
Schedule of financial highlights of trust | 2022 2021 Ratios to average net assets (1) Net investment income/(loss) (1) -8.09 % -6.27 % Expenses before incentive fees (3) 6.27 % 6.07 % Expenses after incentive fees (3) 8.13 % 6.32 % Total return before incentive fees (2) 5.77 % -0.29 % Total return after incentive fees (2) 5.30 % -0.53 % 2022 2021 Ratios to average net assets (1) Net investment income/(loss) (1) -7.14 % -6.43 % Expenses before incentive fees (3) 6.32 % 6.04 % Expenses after incentive fees (3) 7.18 % 6.47 % Total return before incentive fees (2) 46.71 % 8.81 % Total return after incentive fees (2) 45.85 % 8.37 % |
Derivative Instruments and He_2
Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended |
Sep. 30, 2022 | |
The Series of Frontier Funds [Member] | |
Derivative Instruments and Hedging Activities (Tables) [Line Items] | |
Schedule of averages of futures contracts | Bought Sold Frontier Balanced Fund 330 324 Bought Sold Frontier Balanced Fund 307 392 Bought Sold Frontier Balanced Fund 343 341 Bought Sold Frontier Balanced Fund 293 322 |
Schedule of realized trading revenue from futures, forwards and options | Type of contract Frontier Balanced Fund Agriculturals $ (55,378 ) Currencies 178,830 Energies 29,170 Interest rates 29,063 Metals 156,719 Stock indices 173,656 Realized trading income/(loss) (1) $ 512,060 Type of contract Frontier Balanced Fund Agriculturals $ 13,487 Currencies (20,259 ) Energies 82,010 Interest rates 5,987 Metals 155 Stock indices 12,503 Realized trading income/(loss) (1) $ 93,883 (1) Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. Type of contract Frontier Balanced Fund Agriculturals $ (149,714 ) Currencies 399,268 Energies 130,230 Interest rates 87,954 Metals (48,788 ) Stock indices 412,729 Realized trading income/(loss) (1) $ 831,679 (1) Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. Type of contract Frontier Balanced Fund Agriculturals $ 87,183 Currencies (75,797 ) Energies 133,440 Interest rates 127,666 Metals 88,709 Stock indices 213,404 Realized trading income/(loss) (1) $ 574,605 (1) Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. |
Schedule of net change in open trade equity from futures, forwards and options | Type of contract Frontier Balanced Fund Agriculturals $ 4 Currencies - Energies 818 Interest rates - Metals (25,259 ) Stock indices - Change in unrealized trading income/(loss) (1) $ (24,437 ) Type of contract Frontier Balanced Fund Agriculturals $ 62,335 Currencies 8,416 Energies 22,030 Interest rates (1,144 ) Metals 72,161 Stock indices (10,503 ) Change in unrealized trading income/(loss) (1) $ 153,295 (1) Amounts recorded in the Statements of Operations under Net change in open trade equity/(deficit) Type of contract Frontier Balanced Fund Agriculturals $ (2,154 ) Currencies (3,547 ) Energies 14,760 Interest rates 17,389 Metals 20,044 Stock indices 865 Change in unrealized trading income/(loss) (1) $ 47,357 (1) Amounts recorded in the Statements of Operations under Net change in open trade equity/(deficit) Type of contract Frontier Balanced Fund Agriculturals $ 34,336 Currencies (89,833 ) Energies 35,930 Interest rates (13,046 ) Metals 30,003 Stock indices (14,058 ) Change in unrealized trading income/(loss) (1) $ (16,668 ) (1) Amounts recorded in the Statements of Operations under Net change in open trade equity/(deficit) |
Schedule of gross and net information about the Series’ assets and liabilities | Frontier Balanced Fund Gross Amounts Gross Amounts Net Amounts Open Trade Equity/(Deficit) $ 4,615 $ - $ 4,615 As of December 31, 2021 Frontier Balanced Fund Gross Amounts Gross Amounts lCondition Net Amounts Open Trade Equity/(Deficit) $ 2,118,427 $ (2,103,591 ) $ 14,836 |
Frontier Funds [Member] | |
Derivative Instruments and Hedging Activities (Tables) [Line Items] | |
Schedule of realized trading revenue from futures, forwards and options | Type of contract Agriculturals $ (55,378 ) Currencies 178,830 Energies 29,170 Interest rates 29,063 Metals 156,719 Stock indices 173,656 Realized trading income/(loss) (1) $ 512,060 (1) Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. Type of contract Agriculturals $ 13,487 Currencies (20,259 ) Energies 82,010 Interest rates 5,987 Metals 155 Stock indices 12,503 Realized trading income/(loss) (1) $ 93,883 (1) Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. Type of contract Agriculturals $ (149,714 ) Currencies 399,268 Energies 130,230 Interest rates 87,954 Metals (48,788 ) Stock indices 412,729 Realized trading income/(loss) (1) $ 831,679 (1) Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. Type of contract Agriculturals $ 87,183 Currencies (75,797 ) Energies 133,440 Interest rates 127,666 Metals 88,709 Stock indices 213,404 Realized trading income/(loss) (1) $ 574,605 (1) Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. |
Schedule of net change in open trade equity from futures, forwards and options | Type of contract Agriculturals $ 4 Currencies - Energies 818 Interest rates - Metals (25,259 ) Stock indices - Change in unrealized trading income/(loss) (1) $ (24,437 ) (1) Amounts recorded in the Statements of Operations under Net change in open trade equity/(deficit) Type of contract Agriculturals $ 62,335 Currencies 8,416 Energies 22,030 Interest rates (1,144 ) Metals 72,161 Stock indices (10,503 ) Change in unrealized trading income/(loss) (1) $ 153,295 (1) Amounts recorded in the Statements of Operations under Net change in open trade equity/(deficit) Type of contract Agriculturals $ (2,154 ) Currencies (3,547 ) Energies 14,760 Interest rates 17,389 Metals 20,044 Stock indices 865 Change in unrealized trading income/(loss) (1) $ 47,357 (1) Amounts recorded in the Statements of Operations under Net change in open trade equity/(deficit) Type of contract Agriculturals $ 34,336 Currencies (89,833 ) Energies 35,930 Interest rates (13,046 ) Metals 30,003 Stock indices (14,058 ) Change in unrealized trading income/(loss) (1) $ (16,668 ) (1) Amounts recorded in the Statements of Operations under Net change in open trade equity/(deficit) |
Schedule of gross and net information about the Series’ assets and liabilities | Gross Gross Amounts Net Amounts Open Trade Equity/(Deficit) $ 4,615 $ - $ 4,615 Gross Gross Amounts Net Amounts Open Trade Equity/(Deficit) $ 2,118,427 $ (2,103,591 ) $ 14,836 |
Organization and Purpose (Detai
Organization and Purpose (Details) | 9 Months Ended |
Sep. 30, 2022 | |
The Series of Frontier Funds [Member] | |
Organization and Purpose (Details) [Line Items] | |
Managing owner contributions to the series of the trust percentage | 1% |
Service fee percentage | 2% |
Amortized monthly at an annual rate percentage | 2% |
Redemption fee percentage | 2% |
Aggregate initial and ongoing service fees | 9% |
Total of the purchase price | 10% |
Service fee percentage | 2% |
The Series of Frontier Funds [Member] | Minimum [Member] | |
Organization and Purpose (Details) [Line Items] | |
Assets normally invested in one or more trading companies | 30% |
The Series of Frontier Funds [Member] | Maximum [Member] | |
Organization and Purpose (Details) [Line Items] | |
Assets normally invested in one or more trading companies | 70% |
Frontier Funds [Member] | |
Organization and Purpose (Details) [Line Items] | |
Managing owner contributions to the series of the trust percentage | 1% |
Amortized monthly at an annual rate percentage | 2% |
Aggregate initial and ongoing service fees | 9% |
Redemption fee percentage | 10% |
Frontier Funds [Member] | Minimum [Member] | |
Organization and Purpose (Details) [Line Items] | |
Assets normally invested in one or more trading companies | 30% |
Frontier Funds [Member] | Maximum [Member] | |
Organization and Purpose (Details) [Line Items] | |
Assets normally invested in one or more trading companies | 70% |
Class 1 or Class 1a [Member] | Frontier Funds [Member] | |
Organization and Purpose (Details) [Line Items] | |
Amortized monthly at an annual rate percentage | 3% |
Redemption fee percentage | 2% |
Service fee percentage | 3% |
Service fee percentage | 2% |
Class 2 and Class 2a [Member] | Frontier Funds [Member] | |
Organization and Purpose (Details) [Line Items] | |
Service fee percentage | 0.50% |
Percentage of limited owners holding | 0.25% |
Service fee percentage | 0.50% |
Service fee to selling agents percentage | 0.50% |
Significant Accounting Polici_2
Significant Accounting Policies (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2022 | Dec. 31, 2021 | |
The Series of Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Managing owner percentage | 2% | |
The Series of Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Restricted cash (in Dollars) | $ 618,988 | $ 801,701 |
Gross income of the trust constitutes qualifying income | 90% | |
Incentive fees percentage | 10% | |
Incentive fee, description | If the Managing Owner’s share of the incentive fee exceeds 10% of new net profits during the period for a particular series, then the Managing Owner is obligated to return any amount in excess to the Series. The returned amounts are recorded as Incentive Fee (Rebate) on the Statements of Operations. | |
Service fee percentage | 2% | |
Amortized monthly annual rate | 2% | |
Redemption fee percentage | 2% | |
Percentage of average daily NAV charged as a service fees | 3% | |
Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Gross income of the trust constitutes qualifying income | 90% | |
Commodity trading advisors new net profits percentage | 10% | |
Incentive fee exceeds new net profit | 10% | |
Subscriptions in advance for service fee (in Dollars) | $ 701,464 | 673,809 |
Class 1 or Class 1a [Member] | The Series of Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Aggregate interest income percentage | 100% | |
Class 1 or Class 1a [Member] | Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Aggregate interest income percentage | 100% | |
Service fee percentage | 2% | |
Amortized monthly annual rate | 2% | |
Redemption fee percentage | 2% | |
Class 2 or Class 2a [Member] | The Series of Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Service fee percentage | 0.50% | |
Frontier Diversified Fund [Member] | The Series of Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Advance for service fee (in Dollars) | $ 22,650 | |
Frontier Long/Short Commodity Fund [Member] | The Series of Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Advance for service fee (in Dollars) | 393 | |
Frontier Masters Fund [Member] | The Series of Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Advance for service fee (in Dollars) | 31,725 | |
Frontier Balanced Fund [Member] | The Series of Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Advance for service fee (in Dollars) | 386,354 | |
Frontier Select Fund [Member] | The Series of Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Advance for service fee (in Dollars) | 21,807 | |
Frontier Global Fund [Member] | The Series of Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Advance for service fee (in Dollars) | 161,462 | |
Frontier Heritage Fund [Member] | The Series of Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Advance for service fee (in Dollars) | $ 77,073 | |
Class 2 and Class 2a [Member] | Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Service fee percentage | 0.50% | |
Service fee charged to limited owners | 0.25% | |
Frontier Balanced Fund [Member] | Class 1 or Class 1a [Member] | Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Service fee percentage | 3% | |
Amortized monthly annual rate | 3% | |
Redemption fee percentage | 3% | |
Frontier Trading Company I LLC [Member] | Frontier Funds [Member] | ||
Significant Accounting Policies (Details) [Line Items] | ||
Restricted cash (in Dollars) | $ 618,988 | $ 801,701 |
Fair Value Measurements (Detail
Fair Value Measurements (Details) | 9 Months Ended |
Sep. 30, 2022 | |
Fair Value Disclosures [Abstract] | |
Prices exceeding | 5% |
Fair Value Measurements (Deta_2
Fair Value Measurements (Details) - Schedule of financial asset portfolio measured at fair value - The Series of Frontier Funds [Member] - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
Frontier Diversified Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | $ 36,610 | $ 30,788 |
U.S. Treasury Securities | 81,003 | 33,274 |
Frontier Masters Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 18,469 | 14,270 |
U.S. Treasury Securities | 40,864 | 15,422 |
Frontier Long/Short Commodity Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 21,415 | 7,541 |
U.S. Treasury Securities | 47,383 | 8,148 |
Frontier Balanced Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 56,350 | 34,977 |
Open Trade Equity (Deficit) | 4,615 | 14,836 |
U.S. Treasury Securities | 124,679 | 37,801 |
Frontier Select Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 19,710 | 9,514 |
U.S. Treasury Securities | 43,611 | 10,282 |
Frontier Global Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 66,735 | 23,818 |
U.S. Treasury Securities | 147,657 | 25,740 |
Frontier Heritage Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 54,249 | 9,087 |
U.S. Treasury Securities | 120,029 | 9,820 |
Practical Expedient [Member] | Frontier Diversified Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 36,610 | 30,788 |
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Masters Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 18,469 | 14,270 |
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 21,415 | 7,541 |
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Balanced Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 56,350 | 34,977 |
Open Trade Equity (Deficit) | ||
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Select Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 19,710 | 9,514 |
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Global Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 66,735 | 23,818 |
U.S. Treasury Securities | ||
Practical Expedient [Member] | Frontier Heritage Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | 54,249 | 9,087 |
U.S. Treasury Securities | ||
Level 1 Inputs [Member] | Frontier Diversified Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 81,003 | 33,274 |
Level 1 Inputs [Member] | Frontier Masters Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 40,864 | 15,422 |
Level 1 Inputs [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 47,383 | 8,148 |
Level 1 Inputs [Member] | Frontier Balanced Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
Open Trade Equity (Deficit) | 4,615 | 14,836 |
U.S. Treasury Securities | 124,679 | 37,801 |
Level 1 Inputs [Member] | Frontier Select Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 43,611 | 10,282 |
Level 1 Inputs [Member] | Frontier Global Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 147,657 | 25,740 |
Level 1 Inputs [Member] | Frontier Heritage Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | 120,029 | 9,820 |
Level 2 Inputs [Member] | Frontier Diversified Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Masters Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Balanced Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
Open Trade Equity (Deficit) | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Select Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Global Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 2 Inputs [Member] | Frontier Heritage Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Diversified Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Masters Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Long/Short Commodity Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Balanced Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
Open Trade Equity (Deficit) | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Select Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Global Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | Frontier Heritage Fund [Member] | ||
Frontier Diversified Fund | ||
Investment in Unconsolidated Trading Companies | ||
U.S. Treasury Securities |
Swap Contracts (Details)
Swap Contracts (Details) | Sep. 30, 2022 USD ($) |
The Series of Frontier Funds [Member] | |
Swap Contracts (Details) [Line Items] | |
Cash holding shall be in excess amount | $ 250,000 |
Percentage of index exposure total | 40% |
Frontier Funds [Member] | |
Swap Contracts (Details) [Line Items] | |
Cash holding shall be in excess amount | $ 250,000 |
Percentage of index exposure total | 40% |
Investments in Unconsolidated_3
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) | Sep. 30, 2022 |
Series of Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) [Line Items] | |
Trust’s total capital | 5% |
Frontier Funds [Member] | |
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) [Line Items] | |
Trust’s total capital | 5% |
Investments in Unconsolidated_4
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of investments in unconsolidated trading companies - Frontier Trading Company XXXVIII [Member] - The Series of Frontier Funds [Member] - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
Frontier Diversified Series [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of investments in unconsolidated trading companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 1.04% | 1.02% |
Fair Value | $ 36,610 | $ 30,788 |
Frontier Masters Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of investments in unconsolidated trading companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 1.87% | 2.02% |
Fair Value | $ 18,469 | $ 14,270 |
Frontier Long/Short Commodity Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of investments in unconsolidated trading companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 1.28% | 0.61% |
Fair Value | $ 21,415 | $ 7,541 |
Frontier Balanced Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of investments in unconsolidated trading companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 0.47% | 0.37% |
Fair Value | $ 56,350 | $ 34,977 |
Frontier Select Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of investments in unconsolidated trading companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 0.88% | 0.67% |
Fair Value | $ 19,710 | $ 9,514 |
Frontier Global Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of investments in unconsolidated trading companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 1.89% | 1.13% |
Fair Value | $ 66,735 | $ 23,818 |
Frontier Heritage Fund [Member] | ||
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of investments in unconsolidated trading companies [Line Items] | ||
Percentage of Series Total Capital Invested in Unconsolidated Trading Companies | 1.35% | 0.39% |
Fair Value | $ 54,249 | $ 9,087 |
Investments in Unconsolidated_5
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of earnings from unconsolidated trading companies and private investment companies - Parent Company [Member] - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Frontier Balanced Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | $ (14,178) | $ (30,728) | $ (50,553) | $ (89,197) |
Realized Gain/(Loss) | 683,095 | 323,990 | (201,312) | 1,071,763 |
Change in Unrealized Gain/(Loss) | (498,919) | (430,273) | 4,549,068 | (144,160) |
Net Income (Loss) | 169,998 | (137,011) | 4,297,203 | 838,406 |
Frontier Global Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (1,329) | (2,503) | (4,120) | (6,827) |
Realized Gain/(Loss) | 288,046 | 28,130 | 652,634 | 293,622 |
Change in Unrealized Gain/(Loss) | 199,550 | 74,258 | 1,582,281 | 93,417 |
Net Income (Loss) | 486,267 | 99,885 | 2,230,795 | 380,212 |
Frontier Select Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (2,536) | (5,563) | (8,368) | (14,924) |
Realized Gain/(Loss) | 56,597 | 59,364 | (411,773) | 124,562 |
Change in Unrealized Gain/(Loss) | 48,462 | (212) | 1,424,017 | 195,332 |
Net Income (Loss) | 102,523 | 53,589 | 1,003,876 | 304,970 |
Frontier Heritage Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (2,771) | (6,130) | (9,139) | (16,520) |
Realized Gain/(Loss) | 201,265 | 82,842 | 434,234 | 463,655 |
Change in Unrealized Gain/(Loss) | 240,063 | 35,016 | 1,799,371 | 69,490 |
Net Income (Loss) | 438,557 | 111,728 | 2,224,466 | 516,625 |
Frontier Long/Short Commodity Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (1,609) | (6,148) | (7,908) | (15,583) |
Realized Gain/(Loss) | 15,286 | 151,330 | 41,277 | 434,182 |
Change in Unrealized Gain/(Loss) | 49,805 | (125,858) | 566,829 | (191,170) |
Net Income (Loss) | 63,482 | 19,324 | 600,198 | 227,429 |
Frontier Diversified Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (3,958) | (8,799) | (15,340) | (27,871) |
Realized Gain/(Loss) | 167,361 | 102,837 | (130,808) | 291,467 |
Change in Unrealized Gain/(Loss) | (92,635) | (232,912) | 1,157,287 | (31,033) |
Net Income (Loss) | 70,768 | (138,874) | 1,011,139 | 232,563 |
Frontier Masters Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (680) | (1,762) | (2,374) | (5,196) |
Realized Gain/(Loss) | 58,378 | 18,679 | (133,152) | 58,323 |
Change in Unrealized Gain/(Loss) | 30,557 | 12,476 | 664,046 | 82,700 |
Net Income (Loss) | 88,255 | 29,393 | 528,520 | 135,827 |
Frontier Trading Company XXXVIII, LLC [Member] | Frontier Balanced Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | 421 | (7,892) | 49,885 | (36,142) |
Net Income (Loss) | 421 | (7,892) | 49,885 | (36,142) |
Frontier Trading Company XXXVIII, LLC [Member] | Frontier Global Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | 7,397 | 829 | 18,704 | 13,159 |
Net Income (Loss) | 7,397 | 829 | 18,704 | 13,159 |
Frontier Trading Company XXXVIII, LLC [Member] | Frontier Select Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | 5,275 | (69) | 12,104 | 6,956 |
Net Income (Loss) | 5,275 | (69) | 12,104 | 6,956 |
Frontier Trading Company XXXVIII, LLC [Member] | Frontier Heritage Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | 7,444 | 981 | 17,402 | 11,448 |
Net Income (Loss) | 7,444 | 981 | 17,402 | 11,448 |
Frontier Trading Company XXXVIII, LLC [Member] | Frontier Long/Short Commodity Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | 4,928 | (7) | 13,196 | 9,914 |
Net Income (Loss) | 4,928 | (7) | 13,196 | 9,914 |
Frontier Trading Company XXXVIII, LLC [Member] | Frontier Diversified Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | 7,026 | (449) | 23,672 | 2,039 |
Net Income (Loss) | 7,026 | (449) | 23,672 | 2,039 |
Frontier Trading Company XXXVIII, LLC [Member] | Frontier Masters Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | ||||
Change in Unrealized Gain/(Loss) | 2,849 | (50) | 8,778 | 9,882 |
Net Income (Loss) | 2,849 | (50) | 8,778 | 9,882 |
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Balanced Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (1,040) | (1,527) | (3,291) | (4,108) |
Realized Gain/(Loss) | 452,263 | 17,408 | 563,544 | 173,578 |
Change in Unrealized Gain/(Loss) | (88,970) | 55,124 | 1,119,184 | 114,603 |
Net Income (Loss) | 362,253 | 71,005 | 1,679,437 | 284,073 |
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Global Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (1,329) | (2,503) | (4,120) | (6,827) |
Realized Gain/(Loss) | 288,046 | 28,130 | 652,634 | 293,622 |
Change in Unrealized Gain/(Loss) | 192,153 | 73,429 | 1,563,577 | 80,258 |
Net Income (Loss) | 478,870 | 99,056 | 2,212,091 | 367,053 |
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Heritage Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (1,086) | (1,439) | (3,283) | (3,865) |
Realized Gain/(Loss) | 193,955 | 16,356 | 332,745 | 161,521 |
Change in Unrealized Gain/(Loss) | 183,775 | 41,181 | 1,366,680 | 26,673 |
Net Income (Loss) | 376,644 | 56,098 | 1,696,142 | 184,329 |
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Diversified Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (375) | (640) | (1,221) | (2,057) |
Realized Gain/(Loss) | 125,128 | 7,312 | 204,523 | 83,740 |
Change in Unrealized Gain/(Loss) | 7,414 | 23,964 | 429,606 | 55,185 |
Net Income (Loss) | 132,167 | 30,636 | 632,908 | 136,868 |
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Masters Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (152) | (296) | (486) | (1,068) |
Realized Gain/(Loss) | 41,926 | 3,396 | 85,405 | 39,319 |
Change in Unrealized Gain/(Loss) | 13,616 | 11,798 | 176,727 | 11,837 |
Net Income (Loss) | 55,390 | 14,898 | 261,646 | 50,088 |
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Balanced Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (736) | (5,970) | (7,304) | (19,136) |
Realized Gain/(Loss) | (52,022) | 169,823 | (118,006) | 464,263 |
Change in Unrealized Gain/(Loss) | (71,659) | (627,689) | (1,205,437) | (786,970) |
Net Income (Loss) | (124,417) | (463,836) | (1,330,747) | (341,843) |
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Diversified Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (407) | (2,513) | (3,876) | (8,665) |
Realized Gain/(Loss) | (17,962) | 71,506 | (34,949) | 136,292 |
Change in Unrealized Gain/(Loss) | (48,490) | (271,402) | (655,158) | (259,205) |
Net Income (Loss) | (66,859) | (202,409) | (693,983) | (131,578) |
Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Balanced Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (5,506) | (3,803) | (15,581) | (9,204) |
Realized Gain/(Loss) | 42 | (30,844) | 15,020 | (233,955) |
Change in Unrealized Gain/(Loss) | (505,134) | 222,902 | 421,812 | 56,175 |
Net Income (Loss) | (510,598) | 188,255 | 421,251 | (186,984) |
Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Diversified Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (1,351) | (870) | (3,699) | (2,224) |
Realized Gain/(Loss) | 11 | (6,983) | 4,154 | (57,849) |
Change in Unrealized Gain/(Loss) | (126,844) | 50,260 | 83,876 | 6,460 |
Net Income (Loss) | (128,184) | 42,407 | 84,331 | (53,613) |
Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Balanced Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (1,601) | (4,627) | (5,289) | (13,536) |
Realized Gain/(Loss) | 6,867 | 4,082 | 83,798 | 121,430 |
Change in Unrealized Gain/(Loss) | 206,639 | (85,162) | 1,101,639 | (7,184) |
Net Income (Loss) | 211,905 | (85,707) | 1,180,148 | 100,710 |
Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Diversified Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (602) | (2,008) | (2,210) | (7,103) |
Realized Gain/(Loss) | 1,631 | 1,764 | 44,456 | 62,491 |
Change in Unrealized Gain/(Loss) | 78,920 | (37,507) | 415,959 | 48,289 |
Net Income (Loss) | 79,949 | (37,751) | 458,205 | 103,677 |
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Balanced Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (4,678) | (13,098) | (17,203) | (39,426) |
Realized Gain/(Loss) | 188,433 | 183,530 | 391,790 | 996,949 |
Change in Unrealized Gain/(Loss) | (28,658) | (9,760) | 1,065,639 | 146,910 |
Net Income (Loss) | 155,097 | 160,672 | 1,440,226 | 1,104,433 |
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Select Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (2,281) | (4,877) | (7,638) | (13,325) |
Realized Gain/(Loss) | 32,649 | 67,663 | 125,636 | 321,795 |
Change in Unrealized Gain/(Loss) | 38,286 | (7,516) | 552,436 | 38,851 |
Net Income (Loss) | 68,654 | 55,270 | 670,434 | 347,321 |
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Heritage Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (1,685) | (4,691) | (5,856) | (12,655) |
Realized Gain/(Loss) | 7,310 | 66,486 | 101,489 | 302,134 |
Change in Unrealized Gain/(Loss) | 48,844 | (7,146) | 415,289 | 31,369 |
Net Income (Loss) | 54,469 | 54,649 | 510,922 | 320,848 |
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (1,114) | (2,730) | (3,815) | (7,233) |
Realized Gain/(Loss) | 9,642 | 38,119 | 65,193 | 173,929 |
Change in Unrealized Gain/(Loss) | 23,276 | (5,606) | 271,287 | 14,090 |
Net Income (Loss) | 31,804 | 29,783 | 332,665 | 180,786 |
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Diversified Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (1,114) | (2,389) | (3,981) | (6,964) |
Realized Gain/(Loss) | 32,189 | 33,745 | 88,311 | 172,937 |
Change in Unrealized Gain/(Loss) | 6,547 | (2,180) | 259,627 | 30,463 |
Net Income (Loss) | 37,622 | 29,176 | 343,957 | 196,436 |
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Masters Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (440) | (1,258) | (1,657) | (3,592) |
Realized Gain/(Loss) | 11,840 | 17,769 | 94,111 | 91,267 |
Change in Unrealized Gain/(Loss) | 5,589 | (1,385) | 64,931 | 10,976 |
Net Income (Loss) | 16,989 | 15,126 | 157,385 | 98,651 |
Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) [Member] | Frontier Balanced Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (1,703) | (3,787) | ||
Realized Gain/(Loss) | (20,009) | (1,267,769) | (448,411) | |
Change in Unrealized Gain/(Loss) | 22,204 | 1,265,738 | 368,448 | |
Net Income (Loss) | 492 | (2,031) | (83,750) | |
Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) [Member] | Frontier Select Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (686) | (1,599) | ||
Realized Gain/(Loss) | (8,299) | (577,421) | (198,484) | |
Change in Unrealized Gain/(Loss) | 7,373 | 576,576 | 149,525 | |
Net Income (Loss) | (1,612) | (845) | (50,558) | |
Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) [Member] | Frontier Diversified Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (379) | (858) | ||
Realized Gain/(Loss) | (4,507) | (475,536) | (104,890) | |
Change in Unrealized Gain/(Loss) | 4,402 | 475,137 | 85,736 | |
Net Income (Loss) | (484) | (399) | (20,012) | |
Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC) [Member] | Frontier Masters Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (208) | (536) | ||
Realized Gain/(Loss) | (2,486) | (318,723) | (72,777) | |
Change in Unrealized Gain/(Loss) | 2,113 | 318,481 | 50,005 | |
Net Income (Loss) | (581) | (242) | (23,308) | |
Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC [Member] | Frontier Balanced Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (617) | (1,885) | ||
Realized Gain/(Loss) | 87,512 | 130,311 | ||
Change in Unrealized Gain/(Loss) | (11,558) | 730,608 | ||
Net Income (Loss) | 75,337 | 859,034 | ||
Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC [Member] | Frontier Select Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (255) | (730) | ||
Realized Gain/(Loss) | 23,948 | 40,012 | ||
Change in Unrealized Gain/(Loss) | 4,901 | 282,901 | ||
Net Income (Loss) | 28,594 | 322,183 | ||
Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC [Member] | Frontier Diversified Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (109) | (353) | ||
Realized Gain/(Loss) | 26,364 | 38,233 | ||
Change in Unrealized Gain/(Loss) | (17,208) | 124,568 | ||
Net Income (Loss) | 9,047 | 162,448 | ||
Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC [Member] | Frontier Masters Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (88) | (231) | ||
Realized Gain/(Loss) | 4,612 | 6,055 | ||
Change in Unrealized Gain/(Loss) | 8,503 | 95,129 | ||
Net Income (Loss) | 13,027 | 100,953 | ||
Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | Frontier Balanced Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | (1,910) | |||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | (1,910) | |||
Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (132) | (120) | (852) | (543) |
Realized Gain/(Loss) | 824 | 26,360 | (24,735) | 152,407 |
Change in Unrealized Gain/(Loss) | 20,300 | (23,799) | 158,580 | (126,776) |
Net Income (Loss) | 20,992 | 2,441 | 132,993 | 25,088 |
Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | Frontier Diversified Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | (1,166) | |||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | (1,166) | |||
Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | Frontier Long/Short Commodity Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | (363) | (3,298) | (3,241) | (7,807) |
Realized Gain/(Loss) | 4,820 | 86,851 | 819 | 107,810 |
Change in Unrealized Gain/(Loss) | 1,301 | (96,446) | 123,766 | (88,398) |
Net Income (Loss) | $ 5,758 | $ (12,893) | 121,344 | 11,605 |
Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | Frontier Balanced Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | (433) | |||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | (433) | |||
Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | Frontier Select Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | 387 | |||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | 387 | |||
Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | Frontier Diversified Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | (245) | |||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | (245) | |||
Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | Frontier Masters Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | (58) | |||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | (58) | |||
Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | Frontier Balanced Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | 252 | |||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | 252 | |||
Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | 36 | |||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | 36 | |||
Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | Frontier Diversified Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | 157 | |||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | 157 | |||
Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | Frontier Masters Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | 52 | |||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | 52 | |||
Galaxy Plus Fund - TT Feeder Fund (531) LLC [Member] | Frontier Select Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | 864 | |||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | 864 | |||
Galaxy Plus Fund - TT Feeder Fund (531) LLC [Member] | Frontier Masters Fund [Member] | ||||
Frontier Balanced Fund | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | 520 | |||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | $ 520 |
Investments in Unconsolidated_6
Investments in Unconsolidated Trading Companies and Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions - Series of Frontier Funds [Member] | 9 Months Ended |
Sep. 30, 2022 | |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Diversified Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Masters Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Long/Short Commodity Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Balanced Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Select Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Heritage Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Diversified Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Masters Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Balanced Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | Frontier Select Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | Frontier Long/Short Commodity Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Diversified Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Masters Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Weekly |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Balanced Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Global Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Heritage Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Diversified Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Balanced Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Diversified Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Balanced Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Diversified Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Balanced Fund [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Transactions with Affiliates (D
Transactions with Affiliates (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Dec. 31, 2021 | |
The Series of the Frontier Funds [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Description of incentive fees | The incentive fee is 25% for the Frontier Balanced Fund and the Frontier Diversified Fund and 20% for the Frontier Global Fund, Frontier Heritage Fund, Frontier Select Fund, Frontier Long/Short Commodity Fund and Frontier Masters Fund. | ||||
Description of service fees | Service Fees—Investors who have purchased Class 1 or Class 1a Units of Frontier Diversified Fund, Frontier Masters Fund, and Frontier Long/Short Commodity Fund are charged a service fee of up to two percent (2.0%) annually of the NAV (of the purchase price, in case of the initial service fee) of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to two percent (2.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 and Class 1a Units of any Series during the first twelve (12) months following the effective date of their purchase are subject to a redemption fee of up to two percent (2.0%) of the purchase price at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. Investors who have purchased Class 1 or Class 1a Units of Frontier Balanced Fund, Frontier Heritage Fund, Frontier Select Fund, and Frontier Global Fund are charged a service fee of up to three percent (3.0%) annually of the NAV (of the purchase price, in case of the initial service fee) of each Unit purchased, for the benefit of selling agents selling such Class 1 or Class 1a Units. The initial service fee, which is amortized monthly at an annual rate of up to three percent (3.0%) of the average daily NAV of Class 1 or Class 1a of such Series, is prepaid to the Managing Owner by each Series, and paid to the selling agents by the Managing Owner in the month following sale; provided, however, that investors who redeem all or a portion of their Class 1 and Class 1a Units of any Series during the first twelve (12) months following the effective date of their purchase are subject to a redemption fee of up to three percent (3.0%) of the purchase price at which such investor redeemed to reimburse the Managing Owner for the then-unamortized balance of the prepaid initial service fee. With respect to Class 2 and Class 2a Units of any Series, the Managing Owner pays an ongoing service fee to selling agents of up to one half percent (0.5%) annually of the NAV of each Class 2 or Class 2a Unit (of which 0.25% will be charged to Limited Owners holding Class 2). Units of the Frontier Diversified Fund and Frontier Masters Fund or Class 2a Units of the Frontier Long/Short Commodity Fund sold) until such Class 2 or Class 2a Units which are subject to the fee limitation are reclassified as Class 3 or Class 3a Units of the applicable Series for administrative purposes. Currently the service fee is not charged to Class 1AP investors. The Managing Owner may also pay selling agents certain additional fees and expenses for administrative and other services rendered and expenses incurred by such selling agents. | ||||
Description of interest income | Aggregate interest income from all sources, including U.S. Treasury Securities assets net of premiums and cash held at clearing brokers, of up to the first 2% (annualized) of average net assets less any fair market value related to swaps is paid to the Managing Owner by the Frontier Balanced Fund (Class 1 and Class 2), Frontier Long/Short Commodity Fund (Class 2 and Class 3), Frontier Global Fund, Frontier Select Fund, and Frontier Heritage Fund. For the Frontier Diversified Fund, Frontier Long/Short Commodity Fund (Class 1a, Class 2a and Class 3a), Frontier Masters Fund, and Frontier Balanced Fund (Class 1AP, Class 2a and Class 3a), 100% of the interest is retained by the respective Series. | ||||
The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of minimum purchase commitment | 1% | ||||
Percentage of contributes funds to trust | 1% | ||||
Percentage of interest | 1% | ||||
Frontier Funds [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of minimum purchase commitment | 1% | ||||
Percentage of contributes funds to trust | 1% | ||||
Subscriptions in advance for service fee | $ 701,464 | $ 701,464 | $ 673,809 | ||
Trust had payable for trading fees | 88,234 | $ 88,234 | 70,998 | ||
Description of interest income | Aggregate interest income from all sources, including U.S. Treasury Securities assets net of premiums and cash held at clearing brokers, of up to the first 2% (annualized) is paid to the Managing Owner by the Frontier Balanced Fund (Class 1 and Class 2 only), Frontier Long/Short Commodity Fund (Class 2 and Class 3), Frontier Global Fund, Frontier Select Fund, and Frontier Heritage Fund. | ||||
Trust paid | 6,488 | $ 6,440 | $ 20,728 | $ 17,394 | |
Frontier Funds [Member] | Managing Owner [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Trust had payable for incentive fees | 120,365 | 120,365 | 54,702 | ||
Trust had payable for management fees | 1,621 | 1,621 | 1,431 | ||
Trust had payable for interest fees | 2,530 | 2,530 | 1,714 | ||
Trust had payable for trading fees | 88,234 | 88,234 | 70,998 | ||
Trust had payable for service fees | 39,060 | 39,060 | $ 31,919 | ||
Incentive fees payable to managing owner | 119,673 | 54,924 | 213,064 | 104,764 | |
Management fees payable to managing owner | 4,568 | 4,764 | 13,446 | 13,978 | |
Risk analysis fees payable to managing owner | 1,370 | 1,429 | 4,034 | 4,193 | |
Service fees payable to managing owner | 126,342 | 110,307 | 373,092 | 342,856 | |
Trading fees payable to managing owner | $ 271,104 | $ 231,958 | $ 773,371 | $ 716,291 | |
Frontier Funds [Member] | Class 1AP Units [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of interest in specific series of trust | 1% | ||||
Frontier Funds [Member] | Class 2a Units [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of interest | 1% | ||||
Frontier Funds [Member] | Class 1 [Member] | Managing Owner [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of service fee | 3% | 3% | |||
Frontier Funds [Member] | Class 1a Units [Member] | Managing Owner [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of service fee | 2% | 2% | |||
Frontier Funds [Member] | Class 2 Units [Member] | Managing Owner [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of service fee | 0.25% | 0.25% | |||
Frontier Balanced Fund [Member] | The Series of the Frontier Funds [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Subscriptions in advance for service fee | $ 386,354 | $ 386,354 | |||
Frontier Balanced Fund [Member] | Frontier Funds [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of FCM fee | 2.25% | 2.25% | |||
Percentage of incentive fee | 25% | 25% | |||
Frontier Balanced Fund [Member] | Frontier Funds [Member] | Class 1 and Class 2 [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of management fee | 0.50% | 0.50% | |||
Frontier Balanced Fund [Member] | Frontier Funds [Member] | Class 1AP, Class 2a and Class 3a [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of management fee | 1% | 1% | |||
Frontier Long/Short Commodity Fund [Member] | The Series of the Frontier Funds [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Subscriptions in advance for service fee | $ 393 | $ 393 | |||
Frontier Long/Short Commodity Fund [Member] | Frontier Funds [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of management fee | 2% | 2% | |||
Frontier Long/Short Commodity Fund [Member] | Frontier Funds [Member] | Class 2 and Class 3 [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of management fee | 3.50% | 3.50% | |||
Frontier Diversified Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of management fee | 0.75% | 0.75% | |||
Frontier Diversified Fund [Member] | Frontier Funds [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of management fee | 0.75% | 0.75% | |||
Percentage of FCM fee | 2.50% | 2.50% | |||
Percentage of incentive fee | 20% | 20% | |||
Frontier Heritage Fund [Member] | The Series of the Frontier Funds [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Subscriptions in advance for service fee | $ 77,073 | $ 77,073 | |||
Frontier Heritage Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of management fee | 2.50% | 2.50% | |||
Percentage of FCM fee | 2.25% | 2.25% | |||
Frontier Masters Fund [Member] | The Series of the Frontier Funds [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Subscriptions in advance for service fee | $ 31,725 | $ 31,725 | |||
Frontier Masters Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of FCM fee | 2.25% | 2.25% | |||
Frontier Diversified Fund [Member] | The Series of the Frontier Funds [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Subscriptions in advance for service fee | $ 22,650 | $ 22,650 | |||
Frontier Select Fund [Member] | The Series of the Frontier Funds [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Subscriptions in advance for service fee | $ 21,807 | $ 21,807 | |||
Frontier Select Fund [Member] | Frontier Funds [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of FCM fee | 2.25% | 2.25% | |||
Frontier Global Fund [Member] | The Series of the Frontier Funds [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Subscriptions in advance for service fee | $ 161,462 | $ 161,462 | |||
Frontier Global Fund [Member] | Frontier Funds [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of series NAV | 0.12% | 0.12% | |||
Galaxy Plus Platform [Member] | The Series of the Frontier Funds [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Diligence fee percentage | 0.12% | ||||
Class 1AP [Member] | Frontier Balanced Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of interest in specific series of trust | 1% | ||||
Class 2a [Member] | Frontier Balanced Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of interest in specific series of trust | 1% | ||||
Class 2a [Member] | Frontier Long/Short Commodity Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of management fee | 2% | 2% | |||
Class 3a [Member] | Frontier Balanced Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of management fee | 0.50% | 0.50% | |||
Class 1 [Member] | Frontier Balanced Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of management fee | 0.50% | 0.50% | |||
Class 2 [Member] | Frontier Long/Short Commodity Fund [Member] | The Series of the Frontier Funds [Member] | Managing Owner [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Percentage of management fee | 3.50% | 3.50% | |||
Frontier Diversified Fund [Member] | The Series of the Frontier Funds [Member] | |||||
Transactions with Affiliates (Details) [Line Items] | |||||
Description of range of incentive fee percentage | As such, the Managing Owner has calculated the amounts for additional units of the relevant series which will be purchased and classified such amounts as Subscriptions in advance for service fee rebates of $22,650, $393, $31,725, $386,354, $21,807, $161,462 and $77,073 for the Frontier Diversified, Long/Short Commodity, Masters, Balanced, Select, Global and Heritage Funds, respectively, as of September 30, 2022. |
Transactions with Affiliates _2
Transactions with Affiliates (Details) - Schedule of fees earned by managing owner - The Series of Frontier Funds [Member] - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Frontier Diversified Fund [Member] | ||||
Transactions with Affiliates (Details) - Schedule of fees earned by managing owner [Line Items] | ||||
Incentive (Rebate) Fees | ||||
Management Fee | ||||
Service Fee | 285 | 310 | 850 | 1,860 |
Trading Fee | 30,682 | 29,513 | 92,978 | 97,487 |
Frontier Masters Fund [Member] | ||||
Transactions with Affiliates (Details) - Schedule of fees earned by managing owner [Line Items] | ||||
Incentive (Rebate) Fees | ||||
Management Fee | ||||
Service Fee | 149 | 135 | 416 | 492 |
Trading Fee | 14,561 | 12,339 | 40,425 | 40,507 |
Frontier Long/Short Commodity Fund [Member] | ||||
Transactions with Affiliates (Details) - Schedule of fees earned by managing owner [Line Items] | ||||
Incentive (Rebate) Fees | ||||
Management Fee | ||||
Service Fee | 75 | 58 | 201 | 170 |
Trading Fee | 11,590 | 10,055 | 30,640 | 28,870 |
Frontier Balanced Fund [Member] | ||||
Transactions with Affiliates (Details) - Schedule of fees earned by managing owner [Line Items] | ||||
Incentive (Rebate) Fees | 119,673 | 54,924 | 213,064 | 104,764 |
Management Fee | 4,568 | 4,764 | 13,446 | 13,978 |
Service Fee | 64,895 | 62,976 | 201,554 | 195,972 |
Trading Fee | 122,548 | 108,142 | 357,046 | 332,131 |
Frontier Select Fund [Member] | ||||
Transactions with Affiliates (Details) - Schedule of fees earned by managing owner [Line Items] | ||||
Incentive (Rebate) Fees | ||||
Management Fee | ||||
Service Fee | 14,259 | 11,949 | 40,141 | 35,191 |
Trading Fee | 16,106 | 12,176 | 44,160 | 35,541 |
Frontier Global Fund [Member] | ||||
Transactions with Affiliates (Details) - Schedule of fees earned by managing owner [Line Items] | ||||
Incentive (Rebate) Fees | ||||
Management Fee | ||||
Service Fee | 22,097 | 17,993 | 61,883 | 58,383 |
Trading Fee | 38,321 | 34,334 | 106,578 | 106,684 |
Frontier Heritage Fund [Member] | ||||
Transactions with Affiliates (Details) - Schedule of fees earned by managing owner [Line Items] | ||||
Incentive (Rebate) Fees | ||||
Management Fee | ||||
Service Fee | 24,582 | 16,886 | 68,047 | 50,788 |
Trading Fee | $ 37,296 | $ 25,399 | $ 101,544 | $ 75,071 |
Transactions with Affiliates _3
Transactions with Affiliates (Details) - Schedule of fees payable to managing owner - The Series of Frontier Funds [Member] - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
Frontier Diversified Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees payable to managing owner [Line Items] | ||
Incentive Fees | ||
Management Fees | ||
Interest Fees | ||
Service Fees | 95 | 83 |
Trading Fees | 10,189 | 9,217 |
Frontier Masters Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees payable to managing owner [Line Items] | ||
Incentive Fees | ||
Management Fees | ||
Interest Fees | ||
Service Fees | 51 | 43 |
Trading Fees | 4,885 | 3,882 |
Frontier Long/Short Commodity Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees payable to managing owner [Line Items] | ||
Incentive Fees | ||
Management Fees | ||
Interest Fees | 64 | 32 |
Service Fees | 25 | 19 |
Trading Fees | 3,751 | 3,407 |
Frontier Balanced Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees payable to managing owner [Line Items] | ||
Incentive Fees | 120,365 | 54,702 |
Management Fees | 1,621 | 1,431 |
Interest Fees | 447 | 957 |
Service Fees | 19,187 | 18,314 |
Trading Fees | 38,932 | 32,970 |
Frontier Select Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees payable to managing owner [Line Items] | ||
Incentive Fees | ||
Management Fees | ||
Interest Fees | 423 | 196 |
Service Fees | 4,667 | 3,524 |
Trading Fees | 5,056 | 3,682 |
Frontier Global Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees payable to managing owner [Line Items] | ||
Incentive Fees | ||
Management Fees | ||
Interest Fees | 818 | 312 |
Service Fees | 7,480 | 4,986 |
Trading Fees | 13,001 | 9,533 |
Frontier Heritage Fund [Member] | ||
Transactions with Affiliates (Details) - Schedule of fees payable to managing owner [Line Items] | ||
Incentive Fees | ||
Management Fees | ||
Interest Fees | 778 | 217 |
Service Fees | 7,555 | 4,950 |
Trading Fees | $ 12,420 | $ 8,307 |
Transactions with Affiliates _4
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner - The Series of the Frontier Funds [Member] - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||||
Gross Amount Paid to the Managing Owner | $ 6,488 | $ 6,440 | $ 20,728 | $ 17,394 |
Frontier Long/Short Commodity Fund [Member] | Class 2 [Member] | ||||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||||
Gross Amount Paid to the Managing Owner | $ 5 | $ 4 | $ 12 | $ 18 |
Ratio to Average Net Assets | 0.01% | 0.01% | 0.04% | 0.05% |
Frontier Long/Short Commodity Fund [Member] | Class 3 [Member] | ||||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||||
Gross Amount Paid to the Managing Owner | $ 174 | $ 111 | $ 407 | $ 518 |
Ratio to Average Net Assets | 0.02% | 0.01% | 0.04% | 0.05% |
Frontier Balanced Fund [Member] | Class 2 [Member] | ||||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||||
Gross Amount Paid to the Managing Owner | $ 331 | $ 738 | $ 1,759 | $ 1,456 |
Ratio to Average Net Assets | 0.02% | 0.04% | 0.09% | 0.08% |
Frontier Balanced Fund [Member] | Class 1 [Member] | ||||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||||
Gross Amount Paid to the Managing Owner | $ 1,393 | $ 3,661 | $ 8,043 | $ 7,208 |
Ratio to Average Net Assets | 0.02% | 0.04% | 0.09% | 0.08% |
Frontier Balanced Fund [Member] | Class 1AP [Member] | ||||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||||
Gross Amount Paid to the Managing Owner | $ 14 | $ 48 | $ 75 | $ 96 |
Ratio to Average Net Assets | 0.02% | 0.05% | 0.09% | 0.09% |
Frontier Balanced Fund [Member] | Class 2a [Member] | ||||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||||
Gross Amount Paid to the Managing Owner | $ 2 | $ 7 | $ 11 | $ 14 |
Ratio to Average Net Assets | 0% | 0.01% | 0.02% | 0.02% |
Frontier Balanced Fund [Member] | Class 3a [Member] | ||||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||||
Gross Amount Paid to the Managing Owner | $ 17 | $ 45 | $ 90 | $ 87 |
Ratio to Average Net Assets | 0% | 0.01% | 0.02% | 0.02% |
Frontier Select Fund [Member] | Class 2 [Member] | ||||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||||
Gross Amount Paid to the Managing Owner | $ 54 | $ 32 | $ 124 | $ 104 |
Ratio to Average Net Assets | 0.07% | 0.04% | 0.14% | 0.14% |
Frontier Select Fund [Member] | Class 1 [Member] | ||||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||||
Gross Amount Paid to the Managing Owner | $ 1,045 | $ 640 | $ 2,407 | $ 2,208 |
Ratio to Average Net Assets | 0.07% | 0.04% | 0.14% | 0.14% |
Frontier Select Fund [Member] | Class 1AP [Member] | ||||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||||
Gross Amount Paid to the Managing Owner | $ 8 | $ 4 | $ 19 | $ 15 |
Ratio to Average Net Assets | 0.07% | 0.04% | 0.13% | 0.14% |
Frontier Global Fund [Member] | Class 2 [Member] | ||||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||||
Gross Amount Paid to the Managing Owner | $ 84 | $ 31 | $ 222 | $ 183 |
Ratio to Average Net Assets | 0.06% | 0.02% | 0.13% | 0.09% |
Frontier Global Fund [Member] | Class 1 [Member] | ||||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||||
Gross Amount Paid to the Managing Owner | $ 1,670 | $ 388 | $ 3,834 | $ 2,492 |
Ratio to Average Net Assets | 0.06% | 0.02% | 0.14% | 0.10% |
Frontier Heritage Fund [Member] | Class 2 [Member] | ||||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||||
Gross Amount Paid to the Managing Owner | $ 131 | $ 69 | $ 300 | $ 277 |
Ratio to Average Net Assets | 0.05% | 0.03% | 0.11% | 0.12% |
Frontier Heritage Fund [Member] | Class 1 [Member] | ||||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||||
Gross Amount Paid to the Managing Owner | $ 1,553 | $ 660 | $ 3,411 | $ 2,708 |
Ratio to Average Net Assets | 0.05% | 0.03% | 0.11% | 0.12% |
Frontier Heritage Fund [Member] | Class 1AP [Member] | ||||
Transactions with Affiliates (Details) - Schedule of interest paid by each series to managing owner [Line Items] | ||||
Gross Amount Paid to the Managing Owner | $ 7 | $ 2 | $ 14 | $ 10 |
Ratio to Average Net Assets | 0.05% | 0.02% | 0.11% | 0.12% |
Financial Highlights (Details)
Financial Highlights (Details) - Schedule of financial highlights of trust - $ / shares | 3 Months Ended | 9 Months Ended | |||||||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | ||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 172.91 | |||||||
Net operating results: | |||||||||
Interest income | [1] | 0 | |||||||
Expenses | [1] | (8.11) | |||||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 175.73 | |||||||
Net income/(loss) | [1] | 167.62 | |||||||
Net asset value | [1] | $ 340.53 | $ 340.53 | ||||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (4.11%) | ||||||||
Expenses before incentive fees | [2],[3] | 4.11% | |||||||
Expenses after incentive fees | [2],[3] | 4.11% | |||||||
Total return before incentive fees | [4] | 96.94% | |||||||
Total return after incentive fees | [4] | 96.94% | |||||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | ||||||||
Frontier Diversified Fund [Member] | Class 2 [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | 114.63 | $ 95.9 | $ 88.98 | $ 88.95 | ||||
Net operating results: | |||||||||
Interest income | [1] | 0.06 | 0.03 | 0.14 | 0.07 | ||||
Expenses | [1] | (1.03) | (0.87) | (2.99) | (2.49) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 2.23 | (4.08) | 29.76 | 4.46 | ||||
Net income/(loss) | [1] | 1.26 | (4.91) | 26.91 | 2.04 | ||||
Net asset value | [1] | $ 115.89 | $ 90.99 | $ 115.89 | $ 90.99 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (3.57%) | (3.45%) | (3.54%) | (5.12%) | |||||
Expenses before incentive fees | [2],[3] | 3.78% | 3.60% | 3.72% | 5.27% | ||||
Expenses after incentive fees | [2],[3] | 3.78% | 3.60% | 3.72% | 5.27% | ||||
Total return before incentive fees | [4] | 1.10% | (5.12%) | 30.24% | 2.29% | ||||
Total return after incentive fees | [4] | 1.10% | (5.12%) | 30.24% | 2.29% | ||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | 0% | 0% | |||||
Frontier Diversified Fund [Member] | Class 3 [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 107.78 | $ 89.95 | $ 83.56 | $ 83.33 | ||||
Net operating results: | |||||||||
Interest income | [1] | 0.05 | 0.03 | 0.13 | 0.07 | ||||
Expenses | [1] | (0.97) | (0.81) | (2.8) | (2.39) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 2.17 | (3.77) | 28.14 | 4.38 | ||||
Net income/(loss) | [1] | 1.25 | (4.56) | 25.47 | 2.06 | ||||
Net asset value | [1] | $ 109.03 | $ 85.39 | $ 109.03 | $ 85.39 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (3.57%) | (3.45%) | (3.54%) | (5.12%) | |||||
Expenses before incentive fees | [2],[3] | 3.78% | 3.60% | 3.72% | 5.27% | ||||
Expenses after incentive fees | [2],[3] | 3.78% | 3.60% | 3.72% | 5.27% | ||||
Total return before incentive fees | [4] | 1.16% | (5.07%) | 30.49% | 2.48% | ||||
Total return after incentive fees | [4] | 1.16% | (5.07%) | 30.49% | 2.48% | ||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | 0% | 0% | |||||
Frontier Diversified Fund [Member] | Class 1 [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 77.68 | $ 72.68 | ||||||
Net operating results: | |||||||||
Interest income | [1] | 0.03 | 0.06 | ||||||
Expenses | [1] | (1.3) | (3.52) | ||||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (76.41) | (69.21) | ||||||
Net income/(loss) | [1] | (77.68) | (72.68) | ||||||
Net asset value | [1] | ||||||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (6.53%) | (8.89%) | |||||||
Expenses before incentive fees | [2],[3] | 6.67% | 9.04% | ||||||
Expenses after incentive fees | [2],[3] | 6.67% | 9.04% | ||||||
Total return before incentive fees | [4] | (1.71%) | 5.06% | ||||||
Total return after incentive fees | [4] | (1.71%) | 5.06% | ||||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | |||||||
Frontier Masters Fund [Member] | Class 2 [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 118.06 | $ 73.52 | $ 70.17 | $ 67.54 | ||||
Net operating results: | |||||||||
Interest income | [1] | 0.1 | 0.05 | 0.25 | 0.2 | ||||
Expenses | [1] | (1.91) | (1.1) | (4.99) | (3.37) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 11.02 | 2.63 | 61.85 | 10.73 | ||||
Net income/(loss) | [1] | 9.21 | 1.58 | 57.1 | 7.56 | ||||
Net asset value | [1] | $ 127.27 | $ 75.1 | $ 127.27 | $ 75.1 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (6.49%) | (5.88%) | (6.30%) | (8.50%) | |||||
Expenses before incentive fees | [2],[3] | 6.85% | 6.17% | 6.63% | 9.03% | ||||
Expenses after incentive fees | [2],[3] | 6.85% | 6.17% | 6.63% | 9.03% | ||||
Total return before incentive fees | [4] | 7.80% | 2.15% | 81.37% | 11.19% | ||||
Total return after incentive fees | [4] | 7.80% | 2.15% | 81.37% | 11.19% | ||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | 0% | 0% | |||||
Frontier Masters Fund [Member] | Class 3 [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 111.44 | $ 69.23 | $ 66.15 | $ 63.52 | ||||
Net operating results: | |||||||||
Interest income | [1] | 0.09 | 0.05 | 0.23 | 0.19 | ||||
Expenses | [1] | (1.8) | (1.09) | (4.68) | (3.16) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 10.48 | 2.57 | 58.51 | 10.21 | ||||
Net income/(loss) | [1] | 8.77 | 1.53 | 54.06 | 7.24 | ||||
Net asset value | [1] | $ 120.21 | $ 70.76 | $ 120.21 | $ 70.76 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (6.49%) | (5.88%) | (6.30%) | (8.50%) | |||||
Expenses before incentive fees | [2],[3] | 6.85% | 6.17% | 6.63% | 9.03% | ||||
Expenses after incentive fees | [2],[3] | 6.85% | 6.17% | 6.63% | 9.03% | ||||
Total return before incentive fees | [4] | 7.87% | 2.21% | 81.72% | 11.39% | ||||
Total return after incentive fees | [4] | 7.87% | 2.21% | 81.72% | 11.39% | ||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | 0% | 0% | |||||
Frontier Masters Fund [Member] | Class 1 [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 55.18 | |||||||
Net operating results: | |||||||||
Interest income | [1] | 0.15 | |||||||
Expenses | [1] | (5.34) | |||||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | (49.99) | |||||||
Net income/(loss) | [1] | (55.18) | |||||||
Net asset value | [1] | ||||||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | 0% | (18.61%) | |||||||
Expenses before incentive fees | [2],[3] | 0% | 19.14% | ||||||
Expenses after incentive fees | [2],[3] | 0% | 19.14% | ||||||
Total return before incentive fees | [4] | 0% | 4.59% | ||||||
Total return after incentive fees | [4] | 0% | 4.59% | ||||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | |||||||
Frontier Long/Short Commodity Fund [Member] | Class 2 [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 129.5 | $ 98.49 | $ 89.97 | $ 85.99 | ||||
Net operating results: | |||||||||
Interest income | [1] | 0.08 | 0.04 | 0.18 | 0.2 | ||||
Expenses | [1] | (0.93) | (0.71) | (2.39) | (2.03) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 4.7 | 1.27 | 45.59 | 14.92 | ||||
Net income/(loss) | [1] | 3.85 | 0.6 | 43.38 | 13.1 | ||||
Net asset value | [1] | $ 133.35 | $ 99.09 | $ 133.35 | $ 99.09 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (2.64%) | (2.67%) | (2.57%) | (3.80%) | |||||
Expenses before incentive fees | [2],[3] | 2.89% | 2.85% | 2.78% | 4.22% | ||||
Expenses after incentive fees | [2],[3] | 2.89% | 2.85% | 2.78% | 4.22% | ||||
Total return before incentive fees | [4] | 2.97% | 0.61% | 48.22% | 15.24% | ||||
Total return after incentive fees | [4] | 2.97% | 0.61% | 48.22% | 15.24% | ||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | 0% | 0% | |||||
Frontier Long/Short Commodity Fund [Member] | Class 3 [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 135.85 | $ 103.32 | $ 94.38 | $ 90.21 | ||||
Net operating results: | |||||||||
Interest income | [1] | 0.09 | 0.05 | 0.19 | 0.21 | ||||
Expenses | [1] | (0.97) | (0.74) | (2.51) | (2.1) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 4.93 | 1.33 | 47.82 | 15.63 | ||||
Net income/(loss) | [1] | 4.04 | 0.63 | 45.51 | 13.74 | ||||
Net asset value | [1] | $ 139.89 | $ 103.95 | $ 139.89 | $ 103.95 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (2.64%) | (2.67%) | (2.57%) | (3.80%) | |||||
Expenses before incentive fees | [2],[3] | 2.89% | 2.85% | 2.78% | 4.22% | ||||
Expenses after incentive fees | [2],[3] | 2.89% | 2.85% | 2.78% | 4.22% | ||||
Total return before incentive fees | [4] | 2.97% | 0.61% | 48.22% | 15.23% | ||||
Total return after incentive fees | [4] | 2.97% | 0.61% | 48.22% | 15.23% | ||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | 0% | 0% | |||||
Frontier Long/Short Commodity Fund [Member] | Class 2a [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 84.59 | $ 63.74 | $ 58.75 | $ 55.29 | ||||
Net operating results: | |||||||||
Interest income | [1] | 0.05 | 0.03 | 0.12 | 0.13 | ||||
Expenses | [1] | (0.61) | (0.46) | (1.57) | (1.28) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 3.2 | 1.04 | 29.93 | 10.22 | ||||
Net income/(loss) | [1] | 2.65 | 0.61 | 28.49 | 9.06 | ||||
Net asset value | [1] | $ 87.24 | $ 64.35 | $ 87.24 | $ 64.35 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (2.64%) | (2.67%) | (2.57%) | (3.80%) | |||||
Expenses before incentive fees | [2],[3] | 2.89% | 2.85% | 2.78% | 4.22% | ||||
Expenses after incentive fees | [2],[3] | 2.89% | 2.85% | 2.78% | 4.22% | ||||
Total return before incentive fees | [4] | 3.13% | 0.96% | 48.49% | 16.39% | ||||
Total return after incentive fees | [4] | 3.13% | 0.96% | 48.49% | 16.39% | ||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | 0% | 0% | |||||
Frontier Long/Short Commodity Fund [Member] | Class 3a [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 89.61 | $ 67.36 | $ 62.16 | $ 58.37 | ||||
Net operating results: | |||||||||
Interest income | [1] | 0.06 | 0.03 | 0.13 | 0.14 | ||||
Expenses | [1] | (0.64) | (0.49) | (1.66) | (1.36) | ||||
Net gain/(loss) on investments, net of non-controlling interests | 3.45 | [1] | 1.14 | 31.84 | [1] | 10.89 | [1] | ||
Net income/(loss) | 2.86 | [1] | 0.68 | 30.31 | [1] | 9.67 | [1] | ||
Net asset value | $ 92.47 | [1] | $ 68.04 | $ 92.47 | [1] | $ 68.04 | |||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (2.64%) | (2.67%) | (1.92%) | (3.80%) | |||||
Expenses before incentive fees | [2],[3] | 2.89% | 2.85% | 2.08% | 4.22% | ||||
Expenses after incentive fees | [2],[3] | 2.89% | 2.85% | 2.08% | 4.22% | ||||
Total return before incentive fees | [4] | 3.19% | 1.01% | 48.77% | 16.57% | ||||
Total return after incentive fees | [4] | 3.19% | 1.01% | 48.77% | 16.57% | ||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | 0% | 0% | |||||
Frontier Balanced Fund [Member] | Class 2 [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 202.33 | $ 142.34 | $ 139.4 | $ 130.54 | ||||
Net operating results: | |||||||||
Interest income | [1] | 0 | 0.02 | 0 | 0 | ||||
Expenses | [1] | (130.09) | (46.17) | (9.45) | (5.68) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 137.77 | 45.15 | 80.05 | 16.48 | ||||
Net income/(loss) | [1] | 7.68 | (1) | 70.61 | 10.8 | ||||
Net asset value | [1] | $ 210.01 | $ 141.34 | $ 210.01 | $ 141.34 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (5.70%) | (4.75%) | (6.29%) | (7.12%) | |||||
Expenses before incentive fees | [2],[3] | 4.63% | 4.24% | 4.42% | 6.21% | ||||
Expenses after incentive fees | [2],[3] | 5.70% | 4.75% | 6.29% | 7.13% | ||||
Total return before incentive fees | [4] | 4.87% | (0.19%) | 52.52% | 9.19% | ||||
Total return after incentive fees | [4] | 3.79% | (0.70%) | 50.65% | 8.28% | ||||
Incentive fee per share | $ 62.5 | $ 14.98 | $ 3.41 | $ 1.31 | |||||
Incentive Fee to ANA | 1.08% | 0.51% | 1.87% | 0.92% | |||||
Frontier Balanced Fund [Member] | Class 2a [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 175.51 | $ 123.47 | $ 120.98 | $ 113.2 | ||||
Net operating results: | |||||||||
Interest income | [1] | 0 | 0 | 0 | 0 | ||||
Expenses | [1] | (3.73) | (1.99) | (8.16) | (5.25) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 10.38 | 1.17 | 69.35 | 14.69 | ||||
Net income/(loss) | [1] | 6.66 | (0.82) | 61.19 | 9.45 | ||||
Net asset value | [1] | $ 182.17 | $ 122.65 | $ 182.17 | $ 122.65 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (5.70%) | (4.75%) | (6.29%) | (7.12%) | |||||
Expenses before incentive fees | [2],[3] | 4.63% | 4.24% | 4.42% | 6.21% | ||||
Expenses after incentive fees | [2],[3] | 5.70% | 4.75% | 6.29% | 7.13% | ||||
Total return before incentive fees | [4] | 4.87% | (0.15%) | 52.45% | 9.27% | ||||
Total return after incentive fees | [4] | 3.79% | (0.66%) | 50.58% | 8.35% | ||||
Incentive fee per share | $ 1.79 | $ 0.64 | $ 2.95 | $ 1.21 | |||||
Incentive Fee to ANA | 1.08% | 0.51% | 1.87% | 0.92% | |||||
Frontier Balanced Fund [Member] | Class 3a [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 175.09 | $ 123.05 | $ 120.57 | $ 112.81 | ||||
Net operating results: | |||||||||
Interest income | [1] | 0 | 0 | 0 | 0 | ||||
Expenses | [1] | (3.71) | (1.98) | (8.19) | (4.83) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 10.38 | 1.16 | 69.39 | 14.25 | ||||
Net income/(loss) | [1] | 6.68 | (0.82) | 61.2 | 9.42 | ||||
Net asset value | [1] | $ 181.77 | $ 122.23 | $ 181.77 | $ 122.23 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (5.70%) | (4.75%) | (6.29%) | (7.12%) | |||||
Expenses before incentive fees | [2],[3] | 4.63% | 4.24% | 4.42% | 6.21% | ||||
Expenses after incentive fees | [2],[3] | 5.70% | 4.75% | 6.29% | 7.13% | ||||
Total return before incentive fees | [4] | 4.89% | (0.15%) | 52.63% | 9.27% | ||||
Total return after incentive fees | [4] | 3.81% | (0.67%) | 50.76% | 8.35% | ||||
Incentive fee per share | $ 1.78 | $ 0.64 | $ 2.96 | $ 1.11 | |||||
Incentive Fee to ANA | 1.08% | 0.51% | 1.87% | 0.92% | |||||
Frontier Balanced Fund [Member] | Class 1 [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 118.43 | $ 85.86 | $ 82.82 | $ 79.93 | ||||
Net operating results: | |||||||||
Interest income | [1] | 0 | 0 | 0 | 0 | ||||
Expenses | [1] | (3.36) | (2.03) | (7.98) | (5.36) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 6.92 | 0.79 | 47.16 | 10.04 | ||||
Net income/(loss) | [1] | 3.57 | (1.24) | 39.18 | 4.69 | ||||
Net asset value | [1] | $ 122 | $ 84.62 | $ 122 | $ 84.62 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (8.76%) | (7.75%) | (9.36%) | (11.56%) | |||||
Expenses before incentive fees | [2],[3] | 7.68% | 7.24% | 7.49% | 10.65% | ||||
Expenses after incentive fees | [2],[3] | 8.76% | 7.75% | 9.36% | 11.57% | ||||
Total return before incentive fees | [4] | 4.09% | (0.93%) | 49.17% | 6.78% | ||||
Total return after incentive fees | [4] | 3.01% | (1.45%) | 47.30% | 5.87% | ||||
Incentive fee per share | $ 1.2 | $ 0.45 | $ 2 | $ 0.79 | |||||
Incentive Fee to ANA | 1.08% | 0.51% | 1.87% | 0.92% | |||||
Frontier Balanced Fund [Member] | Class 1AP [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 150.04 | $ 105.55 | $ 103.38 | $ 96.81 | ||||
Net operating results: | |||||||||
Interest income | [1] | 0 | 0 | 0 | 0 | ||||
Expenses | [1] | (3.18) | (1.7) | (7) | (4.24) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 8.87 | 0.96 | 59.35 | 12.24 | ||||
Net income/(loss) | [1] | 5.69 | (0.73) | 52.35 | 8.01 | ||||
Net asset value | [1] | $ 155.73 | $ 104.82 | $ 155.73 | $ 104.82 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (5.70%) | (4.75%) | (6.29%) | (7.12%) | |||||
Expenses before incentive fees | [2],[3] | 4.63% | 4.24% | 4.42% | 6.21% | ||||
Expenses after incentive fees | [2],[3] | 5.70% | 4.75% | 6.29% | 7.13% | ||||
Total return before incentive fees | [4] | 4.87% | (0.18%) | 52.51% | 9.19% | ||||
Total return after incentive fees | [4] | 3.79% | (0.70%) | 50.64% | 8.27% | ||||
Incentive fee per share | $ 1.53 | $ 0.55 | $ 2.53 | $ 0.98 | |||||
Incentive Fee to ANA | 1.08% | 0.51% | 1.87% | 0.92% | |||||
Frontier Select Fund [Member] | Class 2 [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 171.66 | $ 108.07 | $ 105.1 | $ 94.2 | ||||
Net operating results: | |||||||||
Interest income | 0 | [1] | 0 | [1] | 0 | [1] | 0 | ||
Expenses | [1] | (1.26) | (0.83) | (3.39) | (2.22) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 8.07 | 3.52 | 76.76 | 18.78 | ||||
Net income/(loss) | [1] | 6.81 | 2.7 | 73.37 | 16.57 | ||||
Net asset value | [1] | $ 178.47 | $ 110.77 | $ 178.47 | $ 110.77 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (3.20%) | (2.89%) | (3.13%) | (4.38%) | |||||
Expenses before incentive fees | [2],[3] | 3.20% | 2.89% | 3.13% | 4.38% | ||||
Expenses after incentive fees | [2],[3] | 3.20% | 2.89% | 3.13% | 4.38% | ||||
Total return before incentive fees | [4] | 3.97% | 2.49% | 69.81% | 17.59% | ||||
Total return after incentive fees | [4] | 3.97% | 2.49% | 69.81% | 17.59% | ||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | 0% | 0% | |||||
Frontier Select Fund [Member] | Class 1 [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 102.01 | $ 66.17 | $ 63.39 | $ 58.55 | ||||
Net operating results: | |||||||||
Interest income | 0 | [1] | 0 | [1] | 0 | [1] | 0 | ||
Expenses | [1] | (1.45) | (1.03) | (3.98) | (2.85) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 4.7 | 2.18 | 45.85 | 11.62 | ||||
Net income/(loss) | [1] | 3.25 | 1.15 | 41.87 | 8.77 | ||||
Net asset value | [1] | $ 105.26 | $ 67.32 | $ 105.26 | $ 67.32 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (6.21%) | (5.89%) | (6.14%) | (8.94%) | |||||
Expenses before incentive fees | [2],[3] | 6.21% | 5.89% | 6.14% | 8.94% | ||||
Expenses after incentive fees | [2],[3] | 6.21% | 5.89% | 6.14% | 8.94% | ||||
Total return before incentive fees | [4] | 3.18% | 1.73% | 66.05% | 14.97% | ||||
Total return after incentive fees | [4] | 3.18% | 1.73% | 66.05% | 14.97% | ||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | 0% | 0% | |||||
Frontier Select Fund [Member] | Class 1AP [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 129.36 | $ 81.44 | $ 79.21 | $ 70.99 | ||||
Net operating results: | |||||||||
Interest income | 0 | [1] | 0 | [1] | 0 | [1] | 0 | ||
Expenses | [1] | (0.95) | (0.62) | (2.57) | (1.67) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 6.08 | 2.66 | 57.85 | 14.15 | ||||
Net income/(loss) | [1] | 5.13 | 2.03 | 55.28 | 12.48 | ||||
Net asset value | [1] | $ 134.49 | $ 83.47 | $ 134.49 | $ 83.47 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (3.20%) | (2.89%) | (3.13%) | (4.38%) | |||||
Expenses before incentive fees | [2],[3] | 3.20% | 2.89% | 3.13% | 4.38% | ||||
Expenses after incentive fees | [2],[3] | 3.20% | 2.89% | 3.13% | 4.38% | ||||
Total return before incentive fees | [4] | 3.97% | 2.49% | 69.79% | 17.58% | ||||
Total return after incentive fees | [4] | 3.97% | 2.49% | 69.79% | 17.58% | ||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | 0% | 0% | |||||
Frontier Global Fund [Member] | Class 2 [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 316.2 | $ 179.85 | $ 170.4 | $ 167.56 | ||||
Net operating results: | |||||||||
Interest income | [1] | 0 | 0 | 0 | 0 | ||||
Expenses | [1] | (3.89) | (2.29) | (9.37) | (6.57) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 49.23 | 7.19 | 200.52 | 23.76 | ||||
Net income/(loss) | [1] | 45.35 | 4.9 | 191.15 | 17.19 | ||||
Net asset value | [1] | $ 361.55 | $ 184.75 | $ 361.55 | $ 184.75 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (4.96%) | (5.29%) | (4.89%) | (7.42%) | |||||
Expenses before incentive fees | [2],[3] | 4.96% | 5.29% | 4.89% | 7.42% | ||||
Expenses after incentive fees | [2],[3] | 4.96% | 5.29% | 4.89% | 7.42% | ||||
Total return before incentive fees | [4] | 14.34% | 2.72% | 112.18% | 10.26% | ||||
Total return after incentive fees | [4] | 14.34% | 2.72% | 112.18% | 10.26% | ||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | 0% | 0% | |||||
Frontier Global Fund [Member] | Class 1 [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 200.09 | $ 117.28 | $ 109.45 | $ 110.9 | ||||
Net operating results: | |||||||||
Interest income | [1] | 0 | 0 | 0 | 0 | ||||
Expenses | [1] | (3.94) | (2.33) | (10.22) | (6.99) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 30.91 | 4.61 | 127.83 | 15.65 | ||||
Net income/(loss) | [1] | 26.97 | 2.28 | 117.61 | 8.66 | ||||
Net asset value | [1] | $ 227.06 | $ 119.56 | $ 227.06 | $ 119.56 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (7.97%) | (8.28%) | (7.91%) | (11.77%) | |||||
Expenses before incentive fees | [2],[3] | 7.97% | 8.28% | 7.91% | 11.77% | ||||
Expenses after incentive fees | [2],[3] | 7.97% | 8.28% | 7.91% | 11.77% | ||||
Total return before incentive fees | [4] | 13.48% | 1.95% | 107.46% | 7.81% | ||||
Total return after incentive fees | [4] | 13.48% | 1.95% | 107.46% | 7.81% | ||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | 0% | 0% | |||||
Frontier Heritage Fund [Member] | Class 2 [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 306.76 | $ 179.93 | $ 155.92 | |||||
Net operating results: | |||||||||
Interest income | 0 | [1] | 0 | [1] | 0 | ||||
Expenses | [1] | (3.14) | (1.81) | (5.18) | |||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 36.91 | 8.04 | 35.42 | |||||
Net income/(loss) | [1] | 33.77 | 6.24 | 30.25 | |||||
Net asset value | [1] | $ 340.53 | $ 186.17 | $ 340.53 | $ 186.17 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (4.19%) | (4.06%) | (6.04%) | ||||||
Expenses before incentive fees | [2],[3] | 4.19% | 4.06% | 6.04% | |||||
Expenses after incentive fees | [2],[3] | 4.19% | 4.06% | 6.04% | |||||
Total return before incentive fees | [4] | 11.01% | 3.47% | 19.40% | |||||
Total return after incentive fees | [4] | 11.01% | 3.47% | 19.40% | |||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | 0% | ||||||
Frontier Heritage Fund [Member] | Class 1 [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 180.77 | $ 109.26 | 103.43 | $ 96.1 | ||||
Net operating results: | |||||||||
Interest income | 0 | [1] | 0 | [1] | 0 | [1] | 0 | ||
Expenses | [1] | (3.17) | (1.9) | (8.37) | (5.57) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 21.56 | 4.84 | 104.1 | 21.67 | ||||
Net income/(loss) | [1] | 18.39 | 2.94 | 95.73 | 16.1 | ||||
Net asset value | [1] | $ 199.16 | $ 112.2 | $ 199.16 | $ 112.2 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (7.20%) | (7.05%) | (7.13%) | (10.56%) | |||||
Expenses before incentive fees | [2],[3] | 7.20% | 7.05% | 7.13% | 10.56% | ||||
Expenses after incentive fees | [2],[3] | 7.20% | 7.05% | 7.13% | 10.56% | ||||
Total return before incentive fees | [4] | 10.18% | 2.69% | 92.56% | 16.75% | ||||
Total return after incentive fees | [4] | 10.18% | 2.69% | 92.56% | 16.75% | ||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | 0% | 0% | |||||
Frontier Heritage Fund [Member] | Class 1AP [Member] | The Series of the Frontier Funds [Member] | |||||||||
Per unit operating performance (1) | |||||||||
Net asset value | [1] | $ 229.22 | $ 134.44 | $ 129.19 | $ 116.5 | ||||
Net operating results: | |||||||||
Interest income | 0 | [1] | 0 | [1] | 0 | [1] | 0 | ||
Expenses | [1] | (2.35) | (1.45) | (6.14) | (3.91) | ||||
Net gain/(loss) on investments, net of non-controlling interests | [1] | 27.57 | 6.12 | 131.39 | 26.52 | ||||
Net income/(loss) | [1] | 25.23 | 4.66 | 125.26 | 22.6 | ||||
Net asset value | [1] | $ 254.45 | $ 139.1 | $ 254.45 | $ 139.1 | ||||
Ratios to average net assets | |||||||||
Net investment income/(loss) | (4.19%) | (4.06%) | (4.11%) | (6.04%) | |||||
Expenses before incentive fees | [2],[3] | 4.19% | 4.06% | 4.11% | 6.04% | ||||
Expenses after incentive fees | [2],[3] | 4.19% | 4.06% | 4.11% | 6.04% | ||||
Total return before incentive fees | [4] | 11.01% | 3.47% | 96.96% | 19.40% | ||||
Total return after incentive fees | [4] | 11.01% | 3.47% | 96.96% | 19.40% | ||||
Incentive fee per share | |||||||||
Incentive Fee to ANA | 0% | 0% | 0% | 0% | |||||
[1]Interest income and expenses per unit are calculated by dividing these amounts by the average number of units outstanding during the period. The net gain/(loss) on investments, net of non-controlling interests is a balancing amount necessary to reconcile the change in net asset value per unit with the other per unit information.[2]Expense ratios do not include management and incentive fees at the Galaxy Plus entities. The ratios would have been higher had those expenses been included. The impact of those fees are included in the total return.[3]Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Statements of Operations of the Series, see footnote 6.[4]Impact of incentive fee computed using average net assets, otherwise computed using average units outstanding during the period prior to the effects of any non-controlling transactions. An owner’s total returns may vary from the above returns based on the timing of contributions and withdrawals. Total returns are not annualized. |
Derivative Instruments and He_3
Derivative Instruments and Hedging Activities (Details) - Frontier Funds [Member] - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Derivative Instruments and Hedging Activities (Details) [Line Items] | ||||||
Monthly average of forwards, options and futures contracts bought | $ 330 | $ 307 | $ 343 | $ 293 | ||
Monthly average of forwards, options and futures contracts sold | $ 324 | $ 392 | $ 341 | $ 322 | ||
Minimum [Member] | ||||||
Derivative Instruments and Hedging Activities (Details) [Line Items] | ||||||
Percentage of embedded management fees | 1% | 1% | 1% | |||
Percentage of fair value of swaps and embedded incentive fees | 15% | 15% | 15% | |||
Maximum [Member] | ||||||
Derivative Instruments and Hedging Activities (Details) [Line Items] | ||||||
Percentage of embedded management fees | 1.50% | 1.50% | 1.50% | |||
Percentage of fair value of swaps and embedded incentive fees | 25% | 25% | 25% |
Derivative Instruments and He_4
Derivative Instruments and Hedging Activities (Details) - Schedule of averages of futures contracts - The Series of Frontier Funds [Member] - Frontier Balanced Fund [Member] | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Derivative Instruments and Hedging Activities (Details) - Schedule of averages of futures contracts [Line Items] | ||||
Derivative Numbers of Instruments Bought | 330 | 307 | 343 | 293 |
Derivative Numbers of Instruments Sold | 324 | 392 | 341 | 322 |
Derivative Instruments and He_5
Derivative Instruments and Hedging Activities (Details) - Schedule of realized trading revenue from futures, forwards and options - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | ||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | [1] | $ 831,679 | $ 574,605 | ||
Agriculturals [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | (149,714) | 87,183 | |||
Currencies [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | 399,268 | (75,797) | |||
Energies [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | 130,230 | 133,440 | |||
Interest rates [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | 87,954 | 127,666 | |||
Metals [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | (48,788) | 88,709 | |||
Stock indices [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | $ 412,729 | $ 213,404 | |||
Realized Trading Revenue from Futures, Forwards and Options [Member] | Frontier Balanced Fund [Member] | The Series of Frontier Funds [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | [1] | $ 512,060 | $ 93,883 | ||
Realized Trading Revenue from Futures, Forwards and Options [Member] | Agriculturals [Member] | Frontier Balanced Fund [Member] | The Series of Frontier Funds [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | (55,378) | 13,487 | |||
Realized Trading Revenue from Futures, Forwards and Options [Member] | Currencies [Member] | Frontier Balanced Fund [Member] | The Series of Frontier Funds [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | 178,830 | (20,259) | |||
Realized Trading Revenue from Futures, Forwards and Options [Member] | Energies [Member] | Frontier Balanced Fund [Member] | The Series of Frontier Funds [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | 29,170 | 82,010 | |||
Realized Trading Revenue from Futures, Forwards and Options [Member] | Interest rates [Member] | Frontier Balanced Fund [Member] | The Series of Frontier Funds [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | 29,063 | 5,987 | |||
Realized Trading Revenue from Futures, Forwards and Options [Member] | Metals [Member] | Frontier Balanced Fund [Member] | The Series of Frontier Funds [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | 156,719 | 155 | |||
Realized Trading Revenue from Futures, Forwards and Options [Member] | Stock indices [Member] | Frontier Balanced Fund [Member] | The Series of Frontier Funds [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | $ 173,656 | $ 12,503 | |||
[1] Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. |
Derivative Instruments and He_6
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options - Unrealized Trading Revenue from Futures, Forwards and Options [Member] - Frontier Balanced Fund [Member] - The Series of Frontier Funds [Member] - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | ||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||||
Change in unrealized trading income/(loss) | [1] | $ (24,437) | $ 153,295 | $ 47,357 | $ (16,668) |
Agriculturals [Member] | |||||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||||
Change in unrealized trading income/(loss) | 4 | 62,335 | (2,154) | 34,336 | |
Currencies [Member] | |||||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||||
Change in unrealized trading income/(loss) | 8,416 | (3,547) | (89,833) | ||
Energies [Member] | |||||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||||
Change in unrealized trading income/(loss) | 818 | 22,030 | 14,760 | 35,930 | |
Interest rates [Member] | |||||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||||
Change in unrealized trading income/(loss) | (1,144) | 17,389 | (13,046) | ||
Metals [Member] | |||||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||||
Change in unrealized trading income/(loss) | (25,259) | 72,161 | 20,044 | 30,003 | |
Stock indices [Member] | |||||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||||
Change in unrealized trading income/(loss) | $ (10,503) | $ 865 | $ (14,058) | ||
[1] Amounts recorded in the Statements of Operations under Net change in open trade equity/(deficit) |
Derivative Instruments and He_7
Derivative Instruments and Hedging Activities (Details) - Schedule of gross and net information about the Series’ assets and liabilities - Open Trade Equity/(Deficit) [Member] - Series of Frontier Funds [Member] - Frontier Balanced Fund [Member] - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
Derivative Instruments and Hedging Activities (Details) - Schedule of gross and net information about the Series’ assets and liabilities [Line Items] | ||
Gross Amounts of recognized Derivative Assets/Liabilities | $ 4,615 | $ 2,118,427 |
Gross Amounts offset in the Statements of Financial Condition | (2,103,591) | |
Net Amounts Presented in the Statements of Financial Condition | $ 4,615 | $ 14,836 |
Trading Activities and Relate_2
Trading Activities and Related Risks (Details) | 9 Months Ended |
Sep. 30, 2022 | |
The Series of Frontier Funds [Member] | |
Trading Activities and Related Risks (Details) [Line Items] | |
Description of trading activities and related risks | If the markets should move against all of the futures positions held by a Trading Company or Galaxy Plus entity in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company or Galaxy Plus entity are unable to offset such futures interests positions, such Trading Company or Galaxy Plus entity could lose all of its assets and the holders of Units of such Series would realize a 100% loss. The Managing Owner will seek to minimize market risk through real-time monitoring of open positions and the level of diversification of each Trading Advisor’s portfolio. It is anticipated that any Trading Advisor’s margin-to-equity ratio will typically not exceed approximately 35% although the actual ratio could be higher or lower from time to time. |
Frontier Funds [Member] | |
Trading Activities and Related Risks (Details) [Line Items] | |
Description of trading activities and related risks | If the markets should move against all of the futures positions held by a Trading Company or Galaxy Plus entity in respect of any Series at the same time, and if the Trading Advisor(s) of such Trading Company or Galaxy Plus entity are unable to offset such futures interests positions, such Trading Company or Galaxy Plus entity could lose all of its assets and the holders of Units of such Series would realize a 100% loss. The Managing Owner will seek to minimize market risk through real-time monitoring of open positions and the level of diversification of each Trading Advisor’s portfolio. It is anticipated that any Trading Advisor’s margin- to-equity ratio will typically not exceed approximately 35% although the actual ratio could be higher or lower from time to time. |
Subsequent Events (Details)
Subsequent Events (Details) | 1 Months Ended |
Nov. 09, 2022 USD ($) | |
Frontier Balanced Fund [Member] | |
Subsequent Events (Details) [Line Items] | |
Paid in redemptions | $ 93,477 |
Frontier Diversified Fund [Member] | |
Subsequent Events (Details) [Line Items] | |
Paid in redemptions | 23,095 |
Frontier Heritage Fund [Member] | |
Subsequent Events (Details) [Line Items] | |
Paid in redemptions | 20,623 |
Frontier Long/Short Commodity Fund [Member] | |
Subsequent Events (Details) [Line Items] | |
Paid in redemptions | 250 |
Frontier Masters Fund [Member] | |
Subsequent Events (Details) [Line Items] | |
Paid in redemptions | 200 |
Frontier Select Fund [Member] | |
Subsequent Events (Details) [Line Items] | |
Paid in redemptions | 20,144 |
Frontier Global Fund [Member] | |
Subsequent Events (Details) [Line Items] | |
Paid in redemptions | 45,086 |
Frontier Funds [Member] | |
Subsequent Events (Details) [Line Items] | |
Paid in redemptions | $ 202,875 |
Fair Value Measurements (Deta_3
Fair Value Measurements (Details) - Schedule of financial asset portfolio measured at fair value (Frontier Funds) - Frontier Funds [Member] - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
Fair Value Measurements (Details) - Schedule of financial asset portfolio measured at fair value (Frontier Funds) [Line Items] | ||
Open Trade Equity (Deficit) | $ 4,615 | $ 14,836 |
U.S. Treasury Securities | 605,226 | 140,487 |
Level 1 Inputs [Member] | ||
Fair Value Measurements (Details) - Schedule of financial asset portfolio measured at fair value (Frontier Funds) [Line Items] | ||
Open Trade Equity (Deficit) | 4,615 | 14,836 |
U.S. Treasury Securities | 605,226 | 140,487 |
Level 2 Inputs [Member] | ||
Fair Value Measurements (Details) - Schedule of financial asset portfolio measured at fair value (Frontier Funds) [Line Items] | ||
Open Trade Equity (Deficit) | ||
U.S. Treasury Securities | ||
Level 3 Inputs [Member] | ||
Fair Value Measurements (Details) - Schedule of financial asset portfolio measured at fair value (Frontier Funds) [Line Items] | ||
Open Trade Equity (Deficit) | ||
U.S. Treasury Securities |
Investments in Private Investme
Investments in Private Investment Companies (Details) - Schedule of equity in earnings from each of the private investment companies - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Frontier Funds [Member] | ||||
Investments in Private Investment Companies (Details) - Schedule of equity in earnings from each of the private investment companies [Line Items] | ||||
Trading Commissions | $ (27,061) | $ (61,633) | $ (97,802) | $ (176,118) |
Realized Gain/(Loss) | 1,475,196 | 767,172 | 375,860 | 2,737,574 |
Change in Unrealized Gain/(Loss) | (28,285) | (662,695) | 11,618,139 | 100,206 |
Net Income (Loss) | 1,419,850 | 42,844 | 11,896,197 | 2,661,662 |
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | ||||
Investments in Private Investment Companies (Details) - Schedule of equity in earnings from each of the private investment companies [Line Items] | ||||
Trading Commissions | (1,143) | (8,483) | ||
Realized Gain/(Loss) | (69,984) | 241,329 | ||
Change in Unrealized Gain/(Loss) | (120,149) | (899,091) | ||
Net Income (Loss) | (191,276) | (666,245) | ||
Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | Frontier Funds [Member] | ||||
Investments in Private Investment Companies (Details) - Schedule of equity in earnings from each of the private investment companies [Line Items] | ||||
Trading Commissions | (3,982) | (6,405) | (12,401) | (17,925) |
Realized Gain/(Loss) | 1,101,318 | 72,602 | 1,838,851 | 751,780 |
Change in Unrealized Gain/(Loss) | 307,988 | 205,496 | 4,655,774 | 288,555 |
Net Income (Loss) | 1,405,324 | 271,693 | 6,482,224 | 1,022,410 |
Galaxy Plus Fund - LRR Feeder Fund (522) LLC [Member] | Frontier Funds [Member] | ||||
Investments in Private Investment Companies (Details) - Schedule of equity in earnings from each of the private investment companies [Line Items] | ||||
Trading Commissions | (132) | (120) | (852) | (543) |
Realized Gain/(Loss) | 824 | 26,360 | (24,735) | 149,331 |
Change in Unrealized Gain/(Loss) | 20,300 | (23,799) | 158,580 | (126,776) |
Net Income (Loss) | 20,992 | 2,441 | 132,993 | 22,012 |
Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | Frontier Funds [Member] | ||||
Investments in Private Investment Companies (Details) - Schedule of equity in earnings from each of the private investment companies [Line Items] | ||||
Trading Commissions | (6,857) | (4,673) | (19,280) | (11,428) |
Realized Gain/(Loss) | 53 | (37,827) | 19,174 | (291,804) |
Change in Unrealized Gain/(Loss) | (631,978) | 273,162 | 505,688 | 62,635 |
Net Income (Loss) | (638,782) | 230,662 | 505,582 | (240,597) |
Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | Frontier Funds [Member] | ||||
Investments in Private Investment Companies (Details) - Schedule of equity in earnings from each of the private investment companies [Line Items] | ||||
Trading Commissions | (2,203) | (6,635) | (7,499) | (20,639) |
Realized Gain/(Loss) | 8,498 | 5,846 | 128,254 | 183,921 |
Change in Unrealized Gain/(Loss) | 285,559 | (122,669) | 1,517,598 | 41,105 |
Net Income (Loss) | 291,854 | (123,458) | 1,638,353 | 204,387 |
Galaxy Plus Fund - Quest Fit Feeder Fund (535) LLC [Member] | Frontier Funds [Member] | ||||
Investments in Private Investment Companies (Details) - Schedule of equity in earnings from each of the private investment companies [Line Items] | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | 5,168 | 124,760 | ||
Change in Unrealized Gain/(Loss) | 30,172 | (1,847) | 18,981 | 42,887 |
Net Income (Loss) | 35,340 | (1,847) | 143,741 | 42,887 |
Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | Frontier Funds [Member] | ||||
Investments in Private Investment Companies (Details) - Schedule of equity in earnings from each of the private investment companies [Line Items] | ||||
Trading Commissions | (11,312) | (29,043) | (40,150) | (83,195) |
Realized Gain/(Loss) | 282,063 | 407,312 | 866,530 | 2,059,011 |
Change in Unrealized Gain/(Loss) | 93,884 | (33,593) | 2,629,209 | 272,659 |
Net Income (Loss) | 364,635 | 344,676 | 3,455,589 | 2,248,475 |
Galaxy Plus Fund – JL Cyril Systematic Feeder Fund (547) LLC [Member] | Frontier Funds [Member] | ||||
Investments in Private Investment Companies (Details) - Schedule of equity in earnings from each of the private investment companies [Line Items] | ||||
Trading Commissions | (2,976) | (6,780) | ||
Realized Gain/(Loss) | (35,301) | (2,639,449) | (824,562) | |
Change in Unrealized Gain/(Loss) | 36,092 | 2,635,932 | 653,714 | |
Net Income (Loss) | (2,185) | (3,517) | (177,628) | |
Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC [Member] | Frontier Funds [Member] | ||||
Investments in Private Investment Companies (Details) - Schedule of equity in earnings from each of the private investment companies [Line Items] | ||||
Trading Commissions | (363) | (3,298) | (3,241) | (7,807) |
Realized Gain/(Loss) | 4,820 | 86,851 | 819 | 107,810 |
Change in Unrealized Gain/(Loss) | 1,301 | (96,446) | 123,766 | (88,398) |
Net Income (Loss) | 5,758 | (12,893) | 121,344 | 11,605 |
Galaxy Plus Fund - Quantica Managed Futures Master Fund (507) LLC [Member] | Frontier Funds [Member] | ||||
Investments in Private Investment Companies (Details) - Schedule of equity in earnings from each of the private investment companies [Line Items] | ||||
Trading Commissions | (1,069) | (3,199) | ||
Realized Gain/(Loss) | 142,436 | 214,611 | ||
Change in Unrealized Gain/(Loss) | (15,362) | 1,233,206 | ||
Net Income (Loss) | $ 126,005 | 1,444,618 | ||
Galaxy Plus Fund - Doherty Feeder Fund (528) LLC [Member] | Frontier Funds [Member] | ||||
Investments in Private Investment Companies (Details) - Schedule of equity in earnings from each of the private investment companies [Line Items] | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | (349) | |||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | (349) | |||
Galaxy Plus Fund - EvE STP Feeder Fund (516) LLC [Member] | Frontier Funds [Member] | ||||
Investments in Private Investment Companies (Details) - Schedule of equity in earnings from each of the private investment companies [Line Items] | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | 497 | |||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | 497 | |||
Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | Frontier Funds [Member] | ||||
Investments in Private Investment Companies (Details) - Schedule of equity in earnings from each of the private investment companies [Line Items] | ||||
Trading Commissions | (11,180) | (27,801) | ||
Realized Gain/(Loss) | (152,955) | 600,555 | ||
Change in Unrealized Gain/(Loss) | (1,860,595) | (1,046,175) | ||
Net Income (Loss) | (2,024,730) | (473,421) | ||
Galaxy Plus Fund - TT Feeder Fund (531) LLC [Member] | Frontier Funds [Member] | ||||
Investments in Private Investment Companies (Details) - Schedule of equity in earnings from each of the private investment companies [Line Items] | ||||
Trading Commissions | ||||
Realized Gain/(Loss) | 1,384 | |||
Change in Unrealized Gain/(Loss) | ||||
Net Income (Loss) | $ 1,384 |
Investments in Private Invest_2
Investments in Private Investment Companies (Details) - Schedule of private investment companies have certain redemption and liquidity restrictions - Frontier Funds [Member] | 9 Months Ended |
Sep. 30, 2022 | |
Multi-Strategy [Member] | Galaxy Plus Fund - Welton GDP Feeder Fund (538) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Quantica Managed Futures Feeder Fund (507) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Multi-Strategy [Member] | Galaxy Plus Fund - Volt Diversified Alpha Feeder Fund (550) LLC) [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Aspect Feeder Fund (532) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Fort Contrarian Feeder Fund (510) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - QIM Feeder Fund (526) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Trend Following [Member] | Galaxy Plus Fund - Quest Feeder Fund (517) LLC [Member] | |
Multi-Strategy | |
Redemptions Notice Period | 24 hours |
Redemptions Permitted | Daily |
Liquidity Restrictions | None |
Financial Highlights (Details_2
Financial Highlights (Details) - Schedule of financial highlights of trust - Frontier Funds [Member] | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | ||
Ratios to average net assets (1) | |||||
Net investment income/(loss) | [1] | (8.09%) | (6.27%) | (7.14%) | (6.43%) |
Expenses before incentive fees | [2] | 6.27% | 6.07% | 6.32% | 6.04% |
Expenses after incentive fees | [2] | 8.13% | 6.32% | 7.18% | 6.47% |
Total return before incentive fees | [3] | 5.77% | (0.29%) | 46.71% | 8.81% |
Total return after incentive fees | [3] | 5.30% | (0.53%) | 45.85% | 8.37% |
[1]Annualized with the exception of incentive fees.[2]Expense ratios do not reflect interest allocated to the Managing Owner as such expenses are not included in the Consolidated Statements of Operations of the Trust. See footnote 5.[3]Total returns are not annualized. |
Derivative Instruments and He_8
Derivative Instruments and Hedging Activities (Details) - Schedule of realized trading revenue from futures, forwards and options - Net realized Gain(Loss) on Futures Forwards and Options [Member] - Frontier Funds [Member] - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | ||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | [1] | $ 512,060 | $ 93,883 | $ 831,679 | $ 574,605 |
Agriculturals [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | (55,378) | 13,487 | (149,714) | 87,183 | |
Currencies [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | 178,830 | (20,259) | 399,268 | (75,797) | |
Energies [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | 29,170 | 82,010 | 130,230 | 133,440 | |
Interest rates [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | 29,063 | 5,987 | 87,954 | 127,666 | |
Metals [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | 156,719 | 155 | (48,788) | 88,709 | |
Stock indices [Member] | |||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||
Realized trading income/(loss) | $ 173,656 | $ 12,503 | $ 412,729 | $ 213,404 | |
[1] Amounts recorded in the Statements of Operations under Net realized gain(loss) on futures forwards and options. |
Derivative Instruments and He_9
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options - Net Change in Open Trade Equity from Futures, Forwards and Options [Member] - Frontier Fund [Member] - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | ||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||||
Change in unrealized trading income/(loss) | [1] | $ (24,437) | $ 153,295 | $ 47,357 | $ (16,668) |
Agriculturals [Member] | |||||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||||
Change in unrealized trading income/(loss) | 4 | 62,335 | (2,154) | 34,336 | |
Currencies [Member] | |||||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||||
Change in unrealized trading income/(loss) | 8,416 | (3,547) | (89,833) | ||
Energies [Member] | |||||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||||
Change in unrealized trading income/(loss) | 818 | 22,030 | 14,760 | 35,930 | |
Interest rates [Member] | |||||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||||
Change in unrealized trading income/(loss) | (1,144) | 17,389 | (13,046) | ||
Metals [Member] | |||||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||||
Change in unrealized trading income/(loss) | (25,259) | 72,161 | 20,044 | 30,003 | |
Stock indices [Member] | |||||
Derivative Instruments and Hedging Activities (Details) - Schedule of net change in open trade equity from futures, forwards and options [Line Items] | |||||
Change in unrealized trading income/(loss) | $ (10,503) | $ 865 | $ (14,058) | ||
[1] Amounts recorded in the Statements of Operations under Net change in open trade equity/(deficit) |
Derivative Instruments and H_10
Derivative Instruments and Hedging Activities (Details) - Schedule of gross and net information about the Trust's assets and liabilities - Frontier Funds [Member] - Open Trade Equity/(Deficit) [Member] - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
Derivative Instruments and Hedging Activities (Details) - Schedule of gross and net information about the Trust's assets and liabilities [Line Items] | ||
Gross Amounts of recognized Derivative Assets | $ 4,615 | $ 2,118,427 |
Gross Amounts offset in the Statements of Financial Condition | (2,103,591) | |
Net Amounts Presented in the Statements of Financial Condition | $ 4,615 | $ 14,836 |