UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): July
10, 2025 (
FRONTIER BALANCED FUND
FRONTIER DIVERSIFED FUND
FRONTIER HERITAGE FUND
FRONTIER LONG/SHORT COMMODITY FUND
FRONTIER MASTERS FUND
FRONTIER SELECT FUND
(Exact Name of Registrant as Specified in Charter)
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
c/o Frontier Fund Management, LLC
(Address of Principal Executive Offices)
(
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act. |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act. |
| Pre-commencement communications pursuant to Rule 14d-2b under the Exchange Act. |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act. |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Item 8.01. Other Events.
Effective July 1, 2025, Frontier Fund Management, the managing owner of the Registrant, removed Welton Investment Partners LLC (“Welton”), a major commodity trading advisor for Frontier Balanced Fund, Frontier Diversified Fund, Frontier Heritage Fund, Frontier Long/Short Commodity Fund, Frontier Masters Fund and Frontier Select Fund. Welton was accessed through the Galaxy Plus Managed Account platform.
The current commodity trading advisors, including those advising commodity pools on the Galaxy Plus Managed Account platform and/or reference programs for the Frontier Balanced Fund are:
| ● | Aspect Capital Limited |
| ● | Fort, L.P. |
| ● | Horizon3 Investment Management LLP |
| ● | Quantica Capital AG |
| ● | Quantitative Capital Management, LLC |
| ● | Quest Partners LLC |
As a result of the removal of Welton, the managing owner has made the following allocation adjustments to Frontier Balanced Fund.
As of July 1, 2025, the allocation of the assets of the Frontier Balanced Fund between the trading advisors was as follows (however, the actual allocation among trading advisors for the Frontier Balanced Fund will vary based on the relative trading performance of the trading advisors and/or reference programs, and the managing owner may otherwise vary such percentages from time to time in its sole discretion):
| Advisor | Allocation as of July 1, 2025 (expressed as a percentage of aggregate notional exposure to commodity trading programs) | |
| Aspect Capital Limited (accessed via Galaxy Plus Fund – Aspect Feeder Fund (532) LLC) | 35% | |
| Fort, L.P. (accessed via Galaxy Plus Fund – FORT Contrarian Feeder Fund (510) LLC) | 6% | |
| Horizon3 Investment Management LLP (accessed via Galaxy Plus Fund – Horizon3 Feeder Fund (577) LLC) | 7% | |
| Quantica Capital AG (accessed via Galaxy Plus Fund – Quantica Feeder Fund (507) LLC) | 14% | |
| Quantitative Investment Management, LLC (accessed via Galaxy Plus Fund – QIM Feeder Fund (526) LLC) | 19% | |
| Quest Partners LLC (accessed via Galaxy Plus Fund – Quest Feeder Fund (517) LLC) | 19% |
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The current commodity trading advisors, including those advising commodity pools on the Galaxy Plus Managed Account platform and/or reference programs for the Frontier Diversified Fund are:
| ● | Aspect Capital Limited |
| ● | Fort, L.P. |
| ● | Quantica Capital AG |
| ● | Quantitative Investment Management, LLC |
| ● | Quest Partners LLC |
As a result of the removal of Welton, the managing owner has made the following allocation adjustments to Frontier Diversified Fund.
As of July 1, 2025, the allocation of the assets of the Frontier Diversified Fund between the trading advisors was as follows (however, the actual allocation among trading advisors for the Frontier Diversified Fund will vary based on the relative trading performance of the trading advisors and/or reference programs, and the managing owner may otherwise vary such percentages from time to time in its sole discretion):
| Advisor | Allocation as of July 1, 2025 (expressed as a percentage of aggregate notional exposure to commodity trading programs) | |
| Aspect Capital Limited (accessed via Galaxy Plus Fund – Aspect Feeder Fund (532) LLC) | 27% | |
| Fort, L.P. (accessed via Galaxy Plus Fund – FORT Contrarian Feeder Fund (510) LLC) | 16% | |
| Quantica Capital AG (accessed via Galaxy Plus Fund – Quantica Feeder Fund (507) LLC) | 13% | |
| Quantitative Investment Management, LLC (accessed via Galaxy Plus Fund – QIM Feeder Fund (526) LLC) | 20% | |
| Quest Partners LLC (accessed via Galaxy Plus Fund – Quest Feeder Fund (517) LLC) | 24% |
2
The current commodity trading advisors, including those advising commodity pools on the Galaxy Plus Managed Account platform and/or reference programs for the Frontier Heritage Fund are:
| ● | Aspect Capital Limited |
| ● | Horizon3 Investment Management LLP |
As a result of the removal of Welton, the managing owner has made the following allocation adjustments to Frontier Heritage Fund.
As of July 1, 2025, the allocation of the assets of the Frontier Heritage Fund between the trading advisors was as follows (however, the actual allocation among trading advisors for the Frontier Heritage Fund will vary based on the relative trading performance of the trading advisors and/or reference programs, and the managing owner may otherwise vary such percentages from time to time in its sole discretion):
| Advisor | Allocation as of July 1, 2025 (expressed as a percentage of aggregate notional exposure to commodity trading programs) | |
| Aspect Capital Limited (accessed via Galaxy Plus Fund – Aspect Feeder Fund (532) LLC) | 73% | |
| Horizon3 Investment Management LLP (accessed via Galaxy Plus Fund – Horizon3 Feeder Fund (577) LLC) | 27% |
The current commodity trading advisors, including those advising commodity pools on the Galaxy Plus Managed Account platform and/or reference programs for the Frontier Long/Short Commodity Fund are:
| ● | Rosetta Capital Management, LLC |
As a result of the removal of Welton, the managing owner has made the following allocation adjustments to Frontier Long/Short Commodity Fund.
As of July 1, 2025, the allocation of the assets of the Frontier Long/Short Commodity Fund between the trading advisors was as follows (however, the actual allocation among trading advisors for the Frontier Long/Short Commodity Fund will vary based on the relative trading performance of the trading advisors and/or reference programs, and the managing owner may otherwise vary such percentages from time to time in its sole discretion):
| Advisor | Allocation as of July 1, 2025 (expressed as a percentage of aggregate notional exposure to commodity trading programs) | |
| Rosetta Capital Management, LLC (accessed via Galaxy Plus Fund – Rosetta Program Feeder Fund (522) LLC) | 100% |
3
The current commodity trading advisors, including those advising commodity pools on the Galaxy Plus Managed Account platform and/or reference programs for the Frontier Masters Fund are:
| ● | Aspect Capital Limited |
| ● | Quantica Capital AG |
As a result of the removal of Welton, the managing owner has made the following allocation adjustments to Frontier Masters Fund.
As of July 1, 2025, the allocation of the assets of the Frontier Masters Fund between the trading advisors was as follows (however, the actual allocation among trading advisors for the Frontier Masters Fund will vary based on the relative trading performance of the trading advisors and/or reference programs, and the managing owner may otherwise vary such percentages from time to time in its sole discretion):
| Advisor | Allocation as of July 1, 2025 (expressed as a percentage of aggregate notional exposure to commodity trading programs) | |
| Aspect Capital Limited (accessed via Galaxy Plus Fund – Aspect Feeder Fund (532) LLC) | 78% | |
| Quantica Capital AG (accessed via Galaxy Plus Fund – Quantica Feeder Fund (507) LLC) | 22% |
The current commodity trading advisors, including those advising commodity pools on the Galaxy Plus Managed Account platform and/or reference programs for the Frontier Select Fund are:
| ● | Horizon3 Investment Management LLP |
| ● | Quantica Capital AG |
As a result of the removal of Welton, the managing owner has made the following allocation adjustments to Frontier Select Fund.
As of July 1, 2025, the allocation of the assets of the Frontier Select Fund between the trading advisors was as follows (however, the actual allocation among trading advisors for the Frontier Select Fund will vary based on the relative trading performance of the trading advisors and/or reference programs, and the managing owner may otherwise vary such percentages from time to time in its sole discretion):
| Advisor | Allocation as of July 1, 2025 (expressed as a percentage of aggregate notional exposure to commodity trading programs) | |
| Horizon3 Investment Management LLP (accessed via Galaxy Plus Fund – Horizon3 Feeder Fund (577) LLC) | 24% | |
| Quantica Capital AG (accessed via Galaxy Plus Fund – Quantica Feeder Fund (507) LLC) | 76% |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Frontier Funds | |
| (Registrant) |
| Date: July 10, 2025 | By: | /s/ Patrick F. Hart III |
| Patrick F. Hart III | ||
| President and Chief Executive Officer of Frontier Fund Management, LLC, the Managing Owner |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Frontier Balanced Fund, | ||
| a Series of Frontier Funds | ||
| (Registrant) | ||
| Date: July 10, 2025 | By: | /s/ Patrick F. Hart III |
| Patrick F. Hart III | ||
| President and Chief Executive Officer of Frontier Fund Management, LLC, the Managing Owner of Frontier Balanced Fund, a Series of Frontier Funds | ||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Frontier Diversified Fund, | ||
| a Series of Frontier Funds | ||
| (Registrant) | ||
| Date: July 10, 2025 | By: | /s/ Patrick F. Hart III |
| Patrick F. Hart III | ||
| President and Chief Executive Officer of Frontier Fund Management, LLC, the Managing Owner of Frontier Diversified Fund, a Series of Frontier Funds | ||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Frontier Heritage Fund, | ||
| a Series of Frontier Funds | ||
| (Registrant) | ||
| Date: July 10, 2025 | By: | /s/ Patrick F. Hart III |
| Patrick F. Hart III | ||
| President and Chief Executive Officer of Frontier Fund Management, LLC, the Managing Owner of Frontier Heritage Fund, a Series of Frontier Funds | ||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Frontier Long/Short Commodity Fund, | ||
| a Series of Frontier Funds | ||
| (Registrant) | ||
| Date: July 10, 2025 | By: | /s/ Patrick F. Hart III |
| Patrick F. Hart III | ||
| President and Chief Executive Officer of Frontier Fund Management, LLC, the Managing Owner of Frontier Long/Short Commodity Fund, a Series of Frontier Funds | ||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Frontier Masters Fund, | ||
| a Series of Frontier Funds | ||
| (Registrant) | ||
| Date: July 10, 2025 | By: | /s/ Patrick F. Hart III |
| Patrick F. Hart III | ||
| President and Chief Executive Officer of Frontier Fund Management, LLC, the Managing Owner of Frontier Masters Fund, a Series of Frontier Funds | ||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Frontier Select Fund, | ||
| a Series of Frontier Funds | ||
| (Registrant) | ||
| Date: July 10, 2025 | By: | /s/ Patrick F. Hart III |
| Patrick F. Hart III | ||
| President and Chief Executive Officer of Frontier Fund Management, LLC, the Managing Owner of Frontier Select Fund, a Series of Frontier Funds | ||
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