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Private company

Frontier Funds

Frontier Funds is an American commodity contracts brokers and dealers company.1 It is headquartered in Golden, Colorado.1

Last updated Oct 21, 2026.

Overview

  • IndustryCommodity Contracts Brokers & Dealers1
  • HeadquartersGolden, Colorado1
  • Incorporated inDE2
  • Business address25568 Genesee Trail Road, Golden, Co 804012
  • Filer categoryNon-accelerated filer2

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(the “Investment Company Act”). The Trust is managed by Frontier Fund Management, LLC (the “Managing Owner”).4 From its latest annual report

Corporate structure

Frontier Funds sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Frontier Funds Golden, Colorado
    • Company I LLC Subsidiary · Delaware, United States
    • Company XXXVIII, LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Frontier Funds reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

The Trust does not own or use any physical properties in the conduct of its business. Its assets currently consist of cash items, Treasury Notes, and, through each Trading Company or Galaxy entity, U.S. and international futures and forward contracts and other interests in derivative instruments, including options contracts on futures forwards and swap contracts. The Managing Owner’s main office is located at 25568 Genesee Trail Road, Golden, Colorado 80401.

Item 2 of the 10-K filed Mar 31, 2025.4

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Company I LLC Delaware3
  • Company XXXVIII, LLC Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Equinox Frontier FundsDec 16, 2013 to Apr 7, 20172
  • FRONTIER FUNDAug 29, 2003 to Dec 11, 20132

Timeline

  1. Dec 5, 20258-K Listing notice or transfer; Other events5
  2. Nov 7, 20258-K Other events6
  3. Oct 6, 20258-K Other events7
  4. Oct 6, 20258-K Other events8
  5. Jul 11, 20258-K Other events9
  6. Feb 7, 20248-K Other events10
  7. Feb 7, 20248-K Other events11

Filings

26 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 7 major events, 2 other. The latest 20:

  1. Dec 5, 20258-K CURRENT REPORT EDGAR
  2. Nov 14, 202510-Q QUARTERLY REPORT EDGAR
  3. Nov 7, 20258-K CURRENT REPORT EDGAR
  4. Oct 6, 20258-K CURRENT REPORT EDGAR
  5. Oct 6, 20258-K CURRENT REPORT EDGAR
  6. Aug 14, 202510-Q QUARTERLY REPORT EDGAR
  7. Jul 11, 20258-K CURRENT REPORT EDGAR
  8. May 15, 202510-Q QUARTERLY REPORT EDGAR
  9. Mar 31, 202510-K ANNUAL REPORT EDGAR
  10. Nov 14, 202410-Q QUARTERLY REPORT EDGAR
  11. Aug 14, 202410-Q QUARTERLY REPORT EDGAR
  12. May 15, 202410-Q QUARTERLY REPORT EDGAR
  13. Apr 1, 202410-K ANNUAL REPORT EDGAR
  14. Feb 7, 20248-K CURRENT REPORT EDGAR
  15. Feb 7, 20248-K CURRENT REPORT EDGAR
  16. Nov 14, 202310-Q QUARTERLY REPORT EDGAR
  17. Aug 14, 202310-Q QUARTERLY REPORT EDGAR
  18. May 15, 202310-Q QUARTERLY REPORT EDGAR
  19. Apr 6, 202310-K ANNUAL REPORT EDGAR
  20. Mar 31, 2023NT 10-K NOTIFICATION OF LATE FILING EDGAR

The 26 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Frontier Funds is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFrontier Funds1
  • CIK0001261379
  • Employer ID (EIN)36-68155334
  • Filer statusNon–accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6221 Commodity Contracts Brokers & Dealers1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address25568 Genesee Trail Road, Golden, CO 804011
  • Phone303-454-55001
  • Shares outstanding16,365 Frontier Diversifieds Fund shares; 4,813 Frontier Masters Fund shares; 6,199 Frontier Long Shorts Commodity Fund shares; 56,262 Frontier Balanced Fund shares; 14,767 Frontier Select Funds shares; 7,305 Frontier Global Funds shares; 13,354 Frontier Heritage Fund One shares as of Dec 31, 20244
  • Public float$0 as of Jun 30, 202412
  • AuditorSpicer Jeffries LLP, Denver, Colorado PCAOB ID 349; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceAug 29, 20031
  • Filings987 in all: 424B3 (573), 8-K (85), 10-Q (66), 4 (45), CORRESP (34), UPLOAD (29), POS AM (23), 10-K (21)1
    All 26 form types

    EFFECT (18), S-1/A (15), 10-Q/A (8), S-1 (8), 3 (7), DEF 14A (7), PRE 14A (7), PRER14A (7), 10-K/A (6), NT 10-Q (6), 5 (5), 8-A12G (5), NT 10-K (4), 15-15D (3), 8-K/A (2), 5/A (1), POS EX (1), S-1MEF (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2025
    Quarterly report (10-Q) Nov 14, 2025
    Proxy statement (DEF 14A) Jan 11, 2017
    Latest 8-K (8-K) Dec 5, 2025

Securities registered for trading

ClassSymbolExchange
N/ANONE

From the cover page of the 10-K filed Mar 31, 2025 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Frontier Funds names in Item 1A of its 10-K filed Mar 31, 2025: 74 risks under these headings, as written.4

  • Structural Risks
  • Neither the Trust nor any of the Trading Companies nor any of the Galaxy Plus entities is a registered investment company.
  • Certain restrictions on redemption and transfer of the Units apply.
  • Redemptions may be temporarily suspended.
  • An unanticipated number of redemption requests over a short period of time could result in losses.
  • Reserves for contingent liabilities may be established upon redemption, and the Trust may withhold a portion of a Unitholder’s redemption amount.
  • Unitholders have limited rights and cannot prevent the Trust from taking actions which could cause losses.
  • Unitholders will not be able to review any Series’ holdings on a daily basis and may suffer unanticipated losses.
  • Unitholders will not be aware of changes to trading programs or investments into, or divestments from, any Galaxy Plus entities.
  • The Trust could terminate before a Unitholder achieves its investment objective, causing potential loss of its investment or upsetting its investment portfolio.
  • The Managing Owner may allocate nominal assets in respect of a Series that are in excess of the Net Asset Value of such Series.
  • The Managing Owner may adjust the leverage employed by a Trading Advisor through a Trading Company to maintain the target rate of volatility.
The other 63 risks
  • Each Series may be charged substantial fees and expenses regardless of profitability.
  • There are certain risks associated with investments in Trading Companies and Galaxy Plus entities.
  • Conflicts of interest exist in the structure and operation of the Trust.
  • Each Series may incur higher fees and expenses upon renewing existing or entering into new contractual relationships.
  • Each Series may be subject to indirect fees and expenses associated with investments in swaps or other derivative instruments.
  • The failure or bankruptcy of one of its futures clearing brokers, central clearing brokers, banks, counterparties or other custodians could result in a substantial loss of one or more Series’ assets.
  • A Unitholder may not be able to establish a basis for liability against a Trading Advisor, a clearing broker or a swap counterparty.
  • The Managing Owner is leanly staffed and relies heavily on its key personnel to manage the Trust’s trading activities. The loss of such personnel could adversely affect the Trust.
  • Risks Relating to Trading and the Markets
  • Futures interests trading is speculative and volatile.
  • Options trading can be more volatile and expensive than futures trading.
  • Trading Swaps Creates Distinctive Risks.
  • The trading on behalf of each Series will be margined, which means that sharp declines in prices could lead to large losses.
  • The unregulated nature of uncleared trades in the OTC markets creates counterparty risks that do not exist in futures trading on exchanges or in cleared swaps.
  • Foreign currency and spot contracts historically were not regulated when traded between certain “eligible contract participants” and are subject to credit risk.
  • Trading on foreign exchanges presents greater risks to the Series than trading on U.S. exchanges.
  • Assets held in accounts at U.S. banks may not be fully insured.
  • Exchanges of futures for physicals may adversely affect performance.
  • Cash flow needs may cause positions to be closed which may cause substantial losses.
  • Your investment could be illiquid.
  • The Trading Advisors’ trading is subject to execution risks.
  • Markets or positions may be correlated and may expose a Series to significant risk of loss.
  • The Trading Advisors’ positions may be concentrated from time to time, which may render each Series susceptible to larger losses than if the positions were more diversified.
  • Turnover in each Series’ portfolio may be high which could result in higher brokerage commissions and transaction fees and expenses.
  • There are certain risks associated with the Trust’s investment in U.S. government debt securities.
  • The Trust’s investment in U.S. government debt securities will be subject to interest rate risk.
  • Investments in reference programs through a swap or other derivative instrument may not always replicate exact exactly the performance of the relevant CTA trading program(s).
  • Risks Relating to the Trading Advisors
  • There are disadvantages to making trading decisions based on technical analysis.
  • There are disadvantages to making trading decisions based on fundamental analysis.
  • Discretionary decision-making may result in missed opportunities or losses.
  • Increased competition from other systematic traders could reduce the Trading Advisors’ profitability.
  • The incentive fees could be an incentive to the Trading Advisors to make riskier investments.
  • The risk management approaches of one or all of the Trading Advisors may not be fully effective, and a Series may incur losses.
  • Increases in assets under management of any of the Trading Advisors could lead to diminished returns.
  • Each Series relies on its Trading Advisor(s) for success, and if a Trading Advisor’s trading is unsuccessful, the Series may incur losses.
  • There are disadvantages associated with terminating or replacing Trading Advisors, Trading Programs, or Reference Trading Programs
  • The Managing Owner’s allocation of the Trust’s assets among Trading Advisors may result in less than optimal performance by the Trust.
  • Each Trading Advisor advises other clients and may achieve more favorable results for its other accounts.
  • The Managing Owner places significant reliance on the Trading Advisors and their key personnel; the loss of such personnel could adversely affect a Series.
  • The success of each Series depends on the ability of the personnel of its Trading Advisor(s) to accurately implement their trading systems, and any failure to do so could subject a Series to losses.
  • Stop-loss orders may not prevent large losses.
  • Risks Relating to the Galaxy Plus Platform
  • The success of each Series depends on the performance of the Galaxy Plus entities in which each Series invests.
  • The Galaxy Plus Platform is recently established and has a limited operating history, and the Galaxy Plus entities have limited or no operating history or track record.
  • A Series may be one of multiple investors in each Galaxy Plus entity.
  • A Series may incur losses related to other investors’ large redemptions from, or investments into, a Galaxy Plus entity.
  • The Galaxy Plus Platform operates independently from each Series, the Trust and the Managing Owner.
  • The Galaxy Plus Platform and New Hyde Park may limit the ability of a Series to invest in, or divest from, a Galaxy Plus entity.
  • Cessation of, or changes to, the operation of the Galaxy Plus Platform could adversely impact the performance of a Series.
  • Investment in Galaxy Plus entities presents operational, administrative risk to each Series.
  • The reliance on technology by the Managing Owner, Trading Advisors, Sponsor Clearing brokers, and Swap Counterparties may lead to loss of data and economic losses.
  • The use of multiple Trading Advisors may result in offsetting or opposing trading positions and may also require one Trading Advisor to fund the margin requirements of another Trading Advisor.
  • The Trading Advisors’ trading programs bear some similarities and, therefore, may lessen the benefits to the Frontier Balanced Fund, Frontier Heritage Fund, Frontier Select Fund, Frontier Long/Short Commodity Fund, Frontier Diversified Fund Frontier Masters Fund and Frontier Global Fund of having multiple Trading Advisors.
  • Operating Risks
  • Past performance is not necessarily indicative of future performance.
  • The Managing Owner may allocate notional assets in respect of a Series that are in excess of the NAV of such Series.
  • Differing levels of fees received may create an incentive for the Managing Owner to favor certain Series over others.
  • The Managing Owner may terminate, replace and/or add Trading Advisors in its sole discretion which may disrupt trading, adversely affecting the Net Asset Value of a Series.
  • Taxation and Benefits Risks
  • You may have tax liability attributable to your investment in a Series even if you have received no distributions and redeemed no Units, and even if the Series generated an economic loss.
  • You may be subject to tax on gains that the Trust never realizes.
  • Partnership treatment is not assured, and if the Trust or any Series is not treated as a Partnership, you could suffer adverse tax consequences.
  • There is the possibility of a tax audit, which could result in additional taxes to you.
  • You will likely recognize short-term capital gain.
  • The IRS could challenge allocations of recognized gains to Unitholders who redeem.
  • The IRS could take the position that deductions for certain Trust expenses are subject to various limitations.
  • The investment of Benefit Plan Investors may be limited and/or Subject to Mandatory Redemption if any or all of the Series (or Class of any Series) are deemed to hold plan assets or if the Trading Advisors have fiduciary relationships with certain investing Benefit Plan Investors and Benefit Plan Investors are required to consider their fiduciary responsibilities in making an investment decision.

Legal proceedings

There are no material legal proceedings to which the Trust or any of its affiliates is a party or of which any of their assets are the subject.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
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  4. 4
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  6. 6
    SEC EDGAROther events
  7. 7
    SEC EDGAROther events
  8. 8
    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
  11. 11
    SEC EDGAROther events
  12. 12