Consolidated Statements of Financial Condition (Unaudited) - USD ($)
|
Mar. 31, 2025 |
Dec. 31, 2024 |
| Frontier Funds |
|
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 11,580
|
$ 265,821
|
| U.S. Treasury securities, at fair value |
16,722
|
16,804
|
| Investments in private investment companies, at fair value |
6,443,874
|
7,948,324
|
| Interest receivable |
466
|
1,384
|
| Redemptions receivable from private investment companies |
302,976
|
|
| Total Assets |
6,778,033
|
8,232,333
|
| LIABILITIES |
|
|
| Interest payable to Managing Owner |
1,177
|
1,679
|
| Redemptions payable |
5,337
|
|
| Service fees payable to Managing Owner |
9,595
|
12,055
|
| Trading fees payable to Managing Owner |
25,537
|
29,441
|
| Subscriptions in advance for service fee rebates |
753,598
|
751,141
|
| Other liabilities |
3,122
|
3,136
|
| Total Liabilities |
800,780
|
797,452
|
| CAPITAL |
|
|
| Managing Owner Units |
61,470
|
94,505
|
| Limited Owner Units |
5,915,783
|
7,340,376
|
| Total Owners’ Capital |
5,977,253
|
7,434,881
|
| Total Liabilities and Owners’ Capital |
6,778,033
|
8,232,333
|
| Frontier Funds | Related Parties |
|
|
| ASSETS |
|
|
| Receivable from related parties |
2,415
|
|
| LIABILITIES |
|
|
| Payables to related parties |
2,414
|
|
| Frontier Diversified Fund | The Series of Frontier Funds |
|
|
| ASSETS |
|
|
| Cash and cash equivalents |
1,331
|
30,763
|
| U.S. Treasury securities, at fair value |
1,923
|
1,945
|
| Investments in private investment companies, at fair value |
731,788
|
924,439
|
| Investments in unconsolidated trading companies, at fair value |
20,372
|
23,131
|
| Interest receivable |
54
|
160
|
| Redemptions receivable from private investment companies |
35,391
|
|
| Total Assets |
791,137
|
980,438
|
| LIABILITIES |
|
|
| Interest payable to Managing Owner |
|
|
| Redemptions payable |
|
|
| Service fees payable to Managing Owner |
25
|
30
|
| Trading fees payable to Managing Owner |
2,606
|
3,057
|
| Subscriptions in advance for service fee rebates |
22,650
|
22,650
|
| Other liabilities |
361
|
363
|
| Total Liabilities |
25,642
|
26,100
|
| CAPITAL |
|
|
| Total Owners’ Capital |
765,495
|
954,338
|
| Total Capital |
765,495
|
954,338
|
| Total Liabilities and Owners’ Capital |
791,137
|
980,438
|
| Frontier Diversified Fund | The Series of Frontier Funds | Related Parties |
|
|
| ASSETS |
|
|
| Receivable from related parties |
278
|
|
| Frontier Diversified Fund | Class 2 | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
4,604
|
5,409
|
| Limited Owner Units |
$ 111,840
|
$ 131,392
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
2,237
|
2,237
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 52.06
|
$ 61.16
|
| Frontier Diversified Fund | Class 2a | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
|
|
| Limited Owner Units |
|
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
|
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
|
|
| Frontier Diversified Fund | Class 3 | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
$ 3,258
|
$ 7,684
|
| Limited Owner Units |
$ 645,793
|
$ 809,853
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
13,169
|
14,128
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 49.29
|
$ 57.87
|
| Frontier Diversified Fund | Class 3a | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
|
|
| Limited Owner Units |
|
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
|
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
|
|
| Frontier Masters Fund | The Series of Frontier Funds |
|
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 675
|
$ 17,336
|
| U.S. Treasury securities, at fair value |
974
|
1,096
|
| Investments in private investment companies, at fair value |
210,998
|
269,394
|
| Investments in unconsolidated trading companies, at fair value |
10,321
|
13,036
|
| Interest receivable |
27
|
90
|
| Redemptions receivable from private investment companies |
13,545
|
|
| Total Assets |
236,681
|
300,952
|
| LIABILITIES |
|
|
| Interest payable to Managing Owner |
|
|
| Redemptions payable |
3,185
|
|
| Service fees payable to Managing Owner |
11
|
15
|
| Trading fees payable to Managing Owner |
1,505
|
1,767
|
| Subscriptions in advance for service fee rebates |
31,725
|
31,725
|
| Other liabilities |
182
|
204
|
| Total Liabilities |
36,608
|
33,711
|
| CAPITAL |
|
|
| Total Owners’ Capital |
200,073
|
267,241
|
| Total Capital |
200,073
|
267,241
|
| Total Liabilities and Owners’ Capital |
236,681
|
300,952
|
| Frontier Masters Fund | The Series of Frontier Funds | Related Parties |
|
|
| ASSETS |
|
|
| Receivable from related parties |
141
|
|
| Frontier Masters Fund | Class 2 | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
2,155
|
3,110
|
| Limited Owner Units |
$ 50,204
|
$ 64,129
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
1,137
|
1,165
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 46.05
|
$ 57.71
|
| Frontier Masters Fund | Class 2a | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
|
|
| Limited Owner Units |
|
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
|
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
|
|
| Frontier Masters Fund | Class 3 | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
|
|
| Limited Owner Units |
$ 147,714
|
$ 200,002
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
3,374
|
3,648
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 43.77
|
$ 54.82
|
| Frontier Masters Fund | Class 3a | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
|
|
| Limited Owner Units |
|
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
|
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
|
|
| Frontier Long/Short Commodity Fund | The Series of Frontier Funds |
|
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 551
|
$ 17,526
|
| U.S. Treasury securities, at fair value |
796
|
1,108
|
| Investments in private investment companies, at fair value |
201,755
|
239,475
|
| Investments in unconsolidated trading companies, at fair value |
8,429
|
13,179
|
| Interest receivable |
22
|
91
|
| Redemptions receivable from private investment companies |
12,845
|
|
| Total Assets |
224,513
|
271,379
|
| LIABILITIES |
|
|
| Interest payable to Managing Owner |
11
|
18
|
| Redemptions payable |
950
|
|
| Service fees payable to Managing Owner |
2
|
3
|
| Trading fees payable to Managing Owner |
632
|
695
|
| Subscriptions in advance for service fee rebates |
393
|
393
|
| Other liabilities |
149
|
205
|
| Total Liabilities |
2,137
|
1,314
|
| CAPITAL |
|
|
| Total Owners’ Capital |
222,376
|
270,065
|
| Total Capital |
222,376
|
270,065
|
| Total Liabilities and Owners’ Capital |
224,513
|
271,379
|
| Frontier Long/Short Commodity Fund | The Series of Frontier Funds | Related Parties |
|
|
| ASSETS |
|
|
| Receivable from related parties |
115
|
|
| Frontier Long/Short Commodity Fund | Class 2 | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
274
|
317
|
| Limited Owner Units |
$ 4,309
|
$ 4,984
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
113
|
113
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 40.48
|
$ 46.82
|
| Frontier Long/Short Commodity Fund | Class 2a | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
$ 1,499
|
$ 3,909
|
| Limited Owner Units |
$ 7,719
|
$ 8,890
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
335
|
403
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 27.54
|
$ 31.72
|
| Frontier Long/Short Commodity Fund | Class 3 | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
|
|
| Limited Owner Units |
$ 159,228
|
$ 191,887
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
3,749
|
3,906
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 42.47
|
$ 49.12
|
| Frontier Long/Short Commodity Fund | Class 3a | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
$ 527
|
$ 607
|
| Limited Owner Units |
$ 48,820
|
$ 59,471
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
1,680
|
1,777
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 29.38
|
$ 33.81
|
| Frontier Balanced Fund | The Series of Frontier Funds |
|
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 5,023
|
$ 76,744
|
| U.S. Treasury securities, at fair value |
7,253
|
4,851
|
| Investments in private investment companies, at fair value |
2,990,925
|
3,616,091
|
| Investments in unconsolidated trading companies, at fair value |
76,833
|
57,707
|
| Interest receivable |
202
|
400
|
| Redemptions receivable from private investment companies |
103,851
|
|
| Total Assets |
3,185,134
|
3,755,793
|
| LIABILITIES |
|
|
| Interest payable to Managing Owner |
614
|
700
|
| Redemptions payable |
1,202
|
|
| Service fees payable to Managing Owner |
4,851
|
5,929
|
| Trading fees payable to Managing Owner |
11,466
|
13,196
|
| Subscriptions in advance for service fee rebates |
418,245
|
416,816
|
| Other liabilities |
1,351
|
907
|
| Total Liabilities |
437,729
|
437,548
|
| CAPITAL |
|
|
| Total Owners’ Capital |
2,747,405
|
3,318,245
|
| Total Capital |
2,747,405
|
3,318,245
|
| Total Liabilities and Owners’ Capital |
3,185,134
|
3,755,793
|
| Frontier Balanced Fund | The Series of Frontier Funds | Related Parties |
|
|
| ASSETS |
|
|
| Receivable from related parties |
1,047
|
|
| Frontier Balanced Fund | Class 2 | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
25,404
|
29,935
|
| Limited Owner Units |
$ 526,667
|
$ 620,599
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
6,726
|
6,726
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 82.08
|
$ 96.71
|
| Frontier Balanced Fund | Class 2a | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
$ 2,549
|
$ 13,359
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
36
|
158
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 71.64
|
$ 84.35
|
| Frontier Balanced Fund | Class 3a | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Limited Owner Units |
$ 107,912
|
$ 134,062
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
1,512
|
1,595
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 71.38
|
$ 84.06
|
| Frontier Balanced Fund | Class 1 | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Limited Owner Units |
$ 2,049,149
|
$ 2,478,195
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
46,327
|
47,196
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 44.23
|
$ 52.51
|
| Frontier Balanced Fund | Class 1AP | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Limited Owner Units |
$ 35,724
|
$ 42,095
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
587
|
587
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 60.86
|
$ 71.72
|
| Frontier Select Fund | The Series of Frontier Funds |
|
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 1,142
|
$ 23,606
|
| U.S. Treasury securities, at fair value |
1,649
|
1,492
|
| Investments in private investment companies, at fair value |
424,451
|
563,791
|
| Investments in unconsolidated trading companies, at fair value |
17,465
|
17,750
|
| Interest receivable |
46
|
123
|
| Redemptions receivable from private investment companies |
24,367
|
|
| Total Assets |
469,358
|
606,762
|
| LIABILITIES |
|
|
| Interest payable to Managing Owner |
130
|
215
|
| Redemptions payable |
|
|
| Service fees payable to Managing Owner |
1,059
|
1,478
|
| Trading fees payable to Managing Owner |
1,694
|
2,202
|
| Subscriptions in advance for service fee rebates |
22,915
|
22,838
|
| Other liabilities |
308
|
276
|
| Total Liabilities |
26,106
|
27,009
|
| CAPITAL |
|
|
| Total Owners’ Capital |
443,252
|
579,753
|
| Total Capital |
443,252
|
579,753
|
| Total Liabilities and Owners’ Capital |
469,358
|
606,762
|
| Frontier Select Fund | The Series of Frontier Funds | Related Parties |
|
|
| ASSETS |
|
|
| Receivable from related parties |
238
|
|
| Frontier Select Fund | Class 2 | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
4,617
|
6,712
|
| Limited Owner Units |
$ 20,760
|
$ 25,912
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
458
|
471
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 55.46
|
$ 69.23
|
| Frontier Select Fund | Class 2a | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
|
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
|
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
|
|
| Frontier Select Fund | Class 3a | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Limited Owner Units |
|
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
|
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
|
|
| Frontier Select Fund | Class 1 | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Limited Owner Units |
$ 413,065
|
$ 541,125
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
13,612
|
14,181
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 30.35
|
$ 38.16
|
| Frontier Select Fund | Class 1AP | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Limited Owner Units |
$ 4,810
|
$ 6,004
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
115
|
115
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 41.8
|
$ 52.17
|
| Frontier Global Fund | The Series of Frontier Funds |
|
|
| ASSETS |
|
|
| Cash and cash equivalents |
|
$ 43,072
|
| U.S. Treasury securities, at fair value |
|
2,723
|
| Investments in private investment companies, at fair value |
770,028
|
985,419
|
| Investments in unconsolidated trading companies, at fair value |
|
32,387
|
| Interest receivable |
|
224
|
| Redemptions receivable from private investment companies |
71,332
|
|
| Total Assets |
841,360
|
1,063,825
|
| LIABILITIES |
|
|
| Interest payable to Managing Owner |
125
|
321
|
| Service fees payable to Managing Owner |
1,624
|
2,105
|
| Trading fees payable to Managing Owner |
3,598
|
3,984
|
| Subscriptions in advance for service fee rebates |
166,338
|
166,099
|
| Other liabilities |
|
508
|
| Total Liabilities |
174,099
|
173,017
|
| CAPITAL |
|
|
| Total Owners’ Capital |
667,261
|
890,808
|
| Total Capital |
667,261
|
890,808
|
| Total Liabilities and Owners’ Capital |
841,360
|
1,063,825
|
| Frontier Global Fund | The Series of Frontier Funds | Related Parties |
|
|
| ASSETS |
|
|
| Receivable from related parties |
|
|
| LIABILITIES |
|
|
| Payables to related parties |
2,414
|
|
| Frontier Global Fund | Class 2 | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
7,207
|
10,129
|
| Limited Owner Units |
$ 17,330
|
$ 21,240
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
147
|
153
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 167.05
|
$ 204.73
|
| Frontier Global Fund | Class 1 | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Limited Owner Units |
$ 642,724
|
$ 859,439
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
6,604
|
7,152
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 97.33
|
$ 120.17
|
| Frontier Global Fund | Class 1AP | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Limited Owner Units |
|
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
|
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
|
|
| Frontier Heritage Fund | The Series of Frontier Funds |
|
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 2,858
|
$ 56,774
|
| U.S. Treasury securities, at fair value |
4,127
|
3,589
|
| Investments in private investment companies, at fair value |
936,788
|
1,149,833
|
| Investments in unconsolidated trading companies, at fair value |
43,721
|
42,692
|
| Interest receivable |
115
|
296
|
| Redemptions receivable from private investment companies |
41,645
|
|
| Total Assets |
1,029,850
|
1,253,184
|
| LIABILITIES |
|
|
| Interest payable to Managing Owner |
297
|
425
|
| Service fees payable to Managing Owner |
2,023
|
2,495
|
| Trading fees payable to Managing Owner |
4,036
|
4,540
|
| Subscriptions in advance for service fee rebates |
91,332
|
90,620
|
| Other liabilities |
771
|
673
|
| Total Liabilities |
98,459
|
98,753
|
| CAPITAL |
|
|
| Total Owners’ Capital |
931,391
|
1,154,431
|
| Total Capital |
931,391
|
1,154,431
|
| Total Liabilities and Owners’ Capital |
1,029,850
|
1,253,184
|
| Frontier Heritage Fund | The Series of Frontier Funds | Related Parties |
|
|
| ASSETS |
|
|
| Receivable from related parties |
596
|
|
| LIABILITIES |
|
|
| Payables to related parties |
|
|
| Frontier Heritage Fund | Class 2 | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Managing Owner Units |
9,376
|
13,334
|
| Limited Owner Units |
$ 56,648
|
$ 68,945
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
526
|
539
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 125.53
|
$ 152.78
|
| Frontier Heritage Fund | Class 1 | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Limited Owner Units |
$ 859,383
|
$ 1,064,870
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
12,617
|
12,751
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 68.11
|
$ 83.51
|
| Frontier Heritage Fund | Class 1AP | The Series of Frontier Funds |
|
|
| CAPITAL |
|
|
| Limited Owner Units |
$ 5,984
|
$ 7,282
|
| Units Outstanding |
|
|
| Units Outstanding (in Shares) |
64
|
64
|
| Net Asset Value per Unit |
|
|
| Net Asset Value per Unit (in Dollars per share) |
$ 93.81
|
$ 114.16
|