Frontier MFG Global Equity Fund
SCHEDULE OF INVESTMENTS
September 30, 2020 (Unaudited)
Number of Shares			Value
COMMON STOCKS 88.2%
		China  14.6%
	336,984	Alibaba Group Holding Ltd. - ADR (a)	$	99,066,556
	1,174,307	Tencent Holdings Ltd.		79,316,676
				178,383,232
		France  1.1%
	28,525	LVMH Moet Hennessy Louis Vuitton SE		13,346,944
		Germany  3.5%
	275,586	SAP SE		42,914,000
		Switzerland  7.4%
	357,070	Nestle SA		42,495,629
	541,770	Novartis AG		47,038,813
				89,534,442
		United Kingdom  4.6%
	572,454	Reckitt Benckiser Group PLC		55,817,572
		United States  57.0%
	5,708	Alphabet, Inc. - Class A (a)		8,365,645
	42,259	Alphabet, Inc. - Class C (a)		62,103,826
	268,496	Crown Castle International Corp.		44,704,584
	470,369	Eversource Energy		39,299,330
	252,554	Facebook, Inc. - Class A (a)		66,143,893
	265,865	Intercontinental Exchange, Inc.		26,599,793
	90,120	Mastercard, Inc. - Class A		30,475,880
	129,643	McDonald's Corp.		28,455,342
	396,613	Microsoft Corp.		83,419,612
	70,983	Netflix, Inc. (a)		35,493,629
	244,021	PepsiCo, Inc.		33,821,311
	653,714	Starbucks Corp.		56,167,107
	80,304	The Estee Lauder Companies, Inc. - Class A		17,526,348
	206,857	Visa, Inc. - Class A		41,365,194
	443,480	WEC Energy Group, Inc.		42,973,212
	650,752	Xcel Energy, Inc.		44,908,396
	364,685	Yum! Brands, Inc.		33,295,741
				695,118,843
		Total Common Stocks
		(Cost $668,221,341)		1,075,115,033
SHORT-TERM INVESTMENTS 11.1%
		Money Market Deposit Account 11.1%
	135,640,886	U.S. Bank N.A., 0.04% (b)		135,640,886
		Total Short-Term Investments
		(Cost $135,640,886)		135,640,886
		Total Investments 99.3%
		(Cost $803,862,227)		1,210,755,919
		Other Assets in Excess of Liabilities 0.7%		8,029,173
		TOTAL NET ASSETS 100.0%	$	1,218,785,092

(a) Non-Income Producing.

(b) The Money Market Deposit Account ("MMDA") is a short-term investment vehicle in which the fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and may change daily and by any amount.

The rate shown is as of September 30, 2020.

ADR - American Depositary Receipt

Frontier MFG Global Plus Fund
SCHEDULE OF INVESTMENTS
September 30, 2020 (Unaudited)
Number of Shares			Value
COMMON STOCKS 88.1%
		China  14.6%
	177,362	Alibaba Group Holding Ltd. - ADR (a)	$	52,140,880
	612,940	Tencent Holdings Ltd.		41,400,045
				93,540,925
		France  1.1%
	15,044	LVMH Moet Hennessy Louis Vuitton SE		7,039,139
		Germany  3.5%
	143,381	SAP SE		22,327,159
		Switzerland  7.3%
	186,655	Nestle SA		22,214,192
	283,120	Novartis AG		24,581,702
				46,795,894
		United Kingdom  4.6%
	300,170	Reckitt Benckiser Group PLC		29,268,309
		United States  57.0%
	2,912	Alphabet, Inc. - Class A (a)		4,267,827
	22,120	Alphabet, Inc. - Class C (a)		32,507,552
	140,249	Crown Castle International Corp.		23,351,459
	245,697	Eversource Energy		20,527,984
	132,622	Facebook, Inc. - Class A (a)		34,733,702
	138,632	Intercontinental Exchange, Inc.		13,870,132
	47,391	Mastercard, Inc. - Class A		16,026,214
	67,902	McDonald's Corp.		14,903,810
	208,298	Microsoft Corp.		43,811,318
	37,231	Netflix, Inc. (a)		18,616,617
	127,872	PepsiCo, Inc.		17,723,059
	342,502	Starbucks Corp.		29,427,772
	42,138	The Estee Lauder Companies, Inc. - Class A		9,196,619
	108,629	Visa, Inc. - Class A		21,722,541
	232,206	WEC Energy Group, Inc.		22,500,761
	339,938	Xcel Energy, Inc.		23,459,122
	190,958	Yum! Brands, Inc.		17,434,465
				364,080,954
		Total Common Stocks
		(Cost $415,850,182)		563,052,380
SHORT-TERM INVESTMENTS 11.7%
		Money Market Deposit Account 11.7%
	75,089,684	U.S. Bank N.A., 0.04% (b)		75,089,684
		Total Short-Term Investments
		(Cost $75,089,684)		75,089,684
		Total Investments 99.8%
		(Cost $490,939,866)		638,142,064
		Other Assets in Excess of Liabilities 0.2%		1,156,238
		TOTAL NET ASSETS 100.0%	$	639,298,302
(a) Non-Income Producing.
(b) The Money Market Deposit Account ("MMDA") is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and may change daily and by any amount. The rate shown is as of September 30, 2020.
ADR - American Depositary Receipt

Frontier MFG Global Sustainable Fund
SCHEDULE OF INVESTMENTS
September 30, 2020 (Unaudited)
Number of Shares			Value
COMMON STOCKS 85.8%
		China  13.0%
	3,089	Alibaba Group Holding Ltd. - ADR (a)	$	908,104
	8,414	Tencent Holdings Ltd.		568,310
				1,476,414
		France  2.0%
	3,521	Danone SA		228,074
		Germany  4.1%
	2,963	SAP SE		461,396
		Italy  2.1%
	34,101	Terna Rete Elettrica Nazionale SpA		238,599
		Netherlands  4.0%
	7,530	Unilever NV		457,280
		Spain  3.0%
	18,173	Red Electrica Corp SA		340,843
		Switzerland  7.5%
	3,404	Nestle SA		405,116
	5,103	Novartis AG		443,065
				848,181
		United Kingdom  4.6%
	5,375	Reckitt Benckiser Group PLC		524,094
		United States  45.5%
	542	Alphabet, Inc. - Class C (a)		796,523
	815	American Water Works Co., Inc.		118,077
	290	Chipotle Mexican Grill, Inc. (a)		360,676
	818	CME Group, Inc.		136,860
	3,373	Eversource Energy		281,815
	2,502	Facebook, Inc. - Class A (a)		655,274
	2,742	Intercontinental Exchange, Inc.		274,337
	876	Mastercard, Inc. - Class A		296,237
	3,665	Microsoft Corp.		770,859
	2,447	PepsiCo, Inc.		339,154
	3,969	Starbucks Corp.		341,016
	1,645	Visa, Inc. - Class A		328,951
	1,621	Walmart, Inc		226,794
	2,647	Yum! Brands, Inc.		241,671
				5,168,244
		Total Common Stocks
		(Cost $8,004,071)		9,743,125
SHORT-TERM INVESTMENTS 13.6%
		Money Market Deposit Account 13.6%
	1,549,706	U.S. Bank N.A., 0.04% (b)		1,549,706
		Total Short-Term Investments
		(Cost $1,549,706)		1,549,706
		Total Investments 99.4%
		(Cost $9,553,777)		11,292,831
		Other Assets in Excess of Liabilities 0.6%		70,906
		TOTAL NET ASSETS 100.0%	$	11,363,737
(a) Non-Income Producing.
(b) The Money Market Deposit Account ("MMDA") is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and may change daily and by any amount. The rate shown is as of September 30, 2020.
ADR - American Depositary Receipt

Frontier MFG Core Infrastructure Fund
SCHEDULE OF INVESTMENTS
September 30, 2020 (Unaudited)
Number of Shares			Value
COMMON STOCKS 98.5%
		Australia  8.1%
	1,211,458	APA Group	$	9,005,598
	1,026,203	Atlas Arteria Ltd.		4,506,816
	4,057,215	AusNet Services		5,476,976
	1,843,764	Spark Infrastructure Group		2,708,604
	2,718,212	Sydney Airport		11,542,814
	1,880,195	Transurban Group		19,198,490
				52,439,298
		Canada  14.2%
	594,936	Algonquin Power & Utilities Corp.		8,641,104
	215,740	Canadian Utilities Ltd. - Class A		5,145,809
	262,994	Emera, Inc.		10,803,779
	615,283	Enbridge, Inc.		17,974,923
	467,399	Fortis, Inc.		19,109,460
	601,174	Hydro One Ltd.		12,740,889
	416,371	TC Energy Corp.		17,479,733
				91,895,697
		Chile  0.3%
	6,320,474	Aguas Andinas SA - Class A		1,771,196
		France  5.8%
	103,644	Aeroports de Paris		10,282,052
	591,582	Getlink SE (a)		8,013,788
	229,656	Vinci SA		19,189,379
				37,485,219
		Germany  0.6%
	100,182	Fraport AG Frankfurt Airport Services Worldwide (a)		3,944,345
		Hong Kong  1.7%
	2,147,073	Power Assets Holdings Ltd.		11,316,705
		Italy  7.3%
	225,549	ACEA SpA		4,743,720
	153,639	ASTM SpA (a)		3,214,423
	598,167	Enav SpA		2,270,949
	881,797	Italgas SpA		5,561,391
	3,381,135	Snam SpA		17,388,511
	2,022,099	Terna Rete Elettrica Nazionale SpA		14,148,311
				47,327,305
		Mexico  1.5%
	328,192	Grupo Aeroportuario del Centro Norte SAB de CV (a)		1,504,742
	515,102	Grupo Aeroportuario del Pacifico SAB de CV - Class B		4,132,650
	260,457	Grupo Aeroportuario del Sureste SAB de CV - Class B (a)		3,022,557
	322,178	Infraestructura Energetica Nova SAB de CV		968,946
				9,628,895
		Netherlands  1.2%
	139,884	Koninklijke Vopak NV		7,873,226
		New Zealand  1.6%
	1,562,492	Auckland International Airport Ltd.		7,584,176
	1,054,671	Vector Ltd.		2,998,795
				10,582,971
		Portugal  0.3%
	627,733	REN - Redes Energeticas Nacionais SGPS SA		1,745,518
		Spain  8.5%
	141,717	Aena SME SA (a)		19,731,163
	308,149	Cellnex Telecom SA		18,705,574
	289,082	Enagas SA		6,670,067
	544,911	Red Electrica Corp SA		10,220,060
				55,326,864
		Switzerland  0.7%
	32,867	Flughafen Zuerich AG (a)		4,509,746
		United Kingdom  6.4%
	1,694,221	National Grid PLC		19,460,180
	470,296	Pennon Group PLC		6,257,058
	255,144	Severn Trent PLC		8,033,179
	729,806	United Utilities Group PLC		8,061,754
				41,812,171
		United States  40.3%
	17,333	ALLETE, Inc.		896,809
	103,318	Alliant Energy Corp.		5,336,375
	101,531	Ameren Corp.		8,029,071
	175,028	American Electric Power Co., Inc.		14,305,038
	12,310	American States Water Co.		922,634
	56,464	American Tower Corp.		13,649,043
	74,167	American Water Works Co., Inc.		10,745,315
	49,985	Atmos Energy Corp.		4,778,066
	127,906	Avangrid, Inc.		6,454,137
	24,153	Avista Corp.		824,100
	19,149	Black Hills Corp.		1,024,280
	15,472	California Water Service Group		672,258
	117,252	CMS Energy Corp.		7,200,445
	137,092	Consolidated Edison, Inc.		10,665,758
	82,582	Crown Castle International Corp.		13,749,903
	178,607	Dominion Energy Corp.		14,097,451
	78,866	DTE Energy Co.		9,072,745
	161,945	Duke Energy Corp.		14,341,849
	82,056	Entergy Corp.		8,084,978
	92,160	Essential Utilities, Inc.		3,709,440
	93,405	Evergy, Inc.		4,746,842
	138,221	Eversource Energy		11,548,365
	223,165	FirstEnergy Corp.		6,407,067
	20,999	IDACORP, Inc.		1,677,820
	10,756	MGE Energy, Inc.		673,971
	158,965	NiSource, Inc.		3,497,230
	8,491	Northwest Natural Holding Company		385,406
	15,312	NorthWestern Corp.		744,776
	16,970	ONE Gas, Inc.		1,171,100
	47,076	Pinnacle West Capital Corp.		3,509,516
	24,868	PNM Resources, Inc.		1,027,794
	29,679	Portland General Electric Co.		1,053,605
	316,800	PPL Corp.		8,620,128
	44,190	SBA Communications Corp.		14,073,631
	110,362	Sempra Energy		13,062,446
	8,232	SJW Group		501,000
	28,661	South Jersey Industries, Inc.		552,297
	16,083	Spire, Inc.		855,616
	237,522	The Southern Co.		12,878,443
	128,612	WEC Energy Group, Inc.		12,462,503
	194,554	Xcel Energy, Inc.		13,426,172
				261,435,423
		Total Common Stocks
		(Cost $564,797,379)		639,094,579
CLOSED-END FUNDS 1.2%
		United Kingdom  1.2%
	2,033,986	HICL Infrastructure PLC		4,348,719
	1,504,677	International Public Partnerships Ltd.		3,133,692
				7,482,411
		Total Closed-End Funds
		(Cost $7,273,314)		7,482,411
SHORT-TERM INVESTMENTS 1.0%
		Money Market Deposit Account 1.0%
	6,781,166	U.S. Bank N.A., 0.04% (b)		6,781,166
		Total Short-Term Investments
		(Cost $6,781,166)		6,781,166
		Total Investments 100.7%
		(Cost $578,851,859)		653,358,156
		Liabilities in Excess of Other Assets (0.7)%		(4,218,644	)
		TOTAL NET ASSETS 100.0%	$	649,139,512
(a) Non-Income Producing.
(b) The Money Market Deposit Account ("MMDA") is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and may change daily and by any amount. The rate shown is as of September 30, 2020.

 

Frontier MFG Select Infrastructure Fund
SCHEDULE OF INVESTMENTS
September 30, 2020 (Unaudited)
Number of Shares			Value
COMMON STOCKS 90.7%
		Australia  16.2%
	206,242	APA Group	$	1,533,138
	708,189	Atlas Arteria Ltd.		3,110,182
	462,686	AusNet Services		624,596
	1,540,811	Spark Infrastructure Group		2,263,547
	308,276	Sydney Airport		1,309,086
	558,899	Transurban Group		5,706,864
				14,547,413
		Canada  4.3%
	132,862	Enbridge, Inc.		3,881,440
		Chile  0.5%
	1,633,488	Aguas Andinas SA - Class A		457,755
		France  3.7%
	5,876	Aeroports de Paris		582,931
	32,998	Vinci SA		2,757,216
				3,340,147
		Italy  6.3%
	78,637	ASTM SpA (a)		1,645,237
	445,233	Snam SpA		2,289,746
	253,407	Terna Rete Elettrica Nazionale SpA		1,773,049
				5,708,032
		Netherlands  4.4%
	70,330	Koninklijke Vopak NV		3,958,451
		New Zealand  1.6%
	300,824	Auckland International Airport Ltd.		1,460,169
		Spain  8.3%
	21,118	Aena SME SA (a)		2,940,245
	238,420	Red Electrica Corp SA		4,471,678
				7,411,923
		United Kingdom  4.2%
	178,766	National Grid PLC		2,053,344
	155,253	United Utilities Group PLC		1,714,992
				3,768,336
		United States  41.2%
	27,005	Alliant Energy Corp.		1,394,808
	7,278	American Tower Corp.		1,759,311
	24,346	American Water Works Co., Inc.		3,527,248
	51,406	Atmos Energy Corp.		4,913,899
	22,658	Crown Castle International Corp.		3,772,557
	41,427	CSX Corp.		3,217,635
	33,546	Evergy, Inc.		1,704,808
	49,438	Eversource Energy		4,130,546
	33,982	Sempra Energy		4,022,110
	11,799	Union Pacific Corp.		2,322,869
	28,116	WEC Energy Group, Inc.		2,724,440
	52,313	Xcel Energy, Inc.		3,610,120
				37,100,351
		Total Common Stocks
		(Cost $76,587,951)		81,634,017
SHORT-TERM INVESTMENTS 8.6%
		Money Market Deposit Account 8.6%
	7,777,159	U.S. Bank N.A., 0.04% (b)		7,777,159
		Total Short-Term Investments
		(Cost $7,777,159)		7,777,159
		Total Investments 99.3%
		(Cost $84,365,110)		89,411,176
		Other Assets in Excess of Liabilities 0.7%		585,560
		TOTAL NET ASSETS 100.0%	$	89,996,736
(a) Non-Income Producing.
(b) The Money Market Deposit Account ("MMDA") is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and may change daily and by any amount. The rate shown is as of September 30, 2020.

Frontier Caravan Emerging Markets Fund
SCHEDULE OF INVESTMENTS
September 30, 2020 (Unaudited)
Number of Shares			Value
COMMON STOCKS 93.0%
		Argentina  1.6%
	1,700	Banco Macro SA - ADR (a)	$	24,310
	1,300	Globant SA (a)		232,986
	3,800	Grupo Financiero Galicia SA - ADR (a)		27,512
	3,700	Telecom Argentina SA - ADR		24,198
				309,006
		Brazil  2.5%
	2,100	B2W Cia Digital (a)		33,815
	4,600	B3 SA - Brasil Bolsa Balcao		45,149
	4,620	Banco Bradesco SA		14,874
	2,700	Banco do Brasil SA - ADR		14,499
	21,000	Cielo SA - ADR		13,648
	8,800	Cogna Educacao		8,180
	2,000	JBS SA - ADR		14,760
	4,800	Lojas Renner SA		33,958
	4,300	Magazine Luiza SA		68,567
	1,000	Natura & Co Holding SA - ADR (a)		18,210
	1,700	Notre Dame Intermedica Participacoes SA		19,727
	4,400	Petrobras Distribuidora SA		15,928
	3,300	Petroleo Brasileiro SA - ADR		23,496
	1,100	StoneCo Ltd. - Class A (a)		58,179
	1,600	Suzano SA - ADR (a)		13,072
	9,300	Vale SA - ADR		98,394
				494,456
		Chile  1.9%
	3,500	Banco de Chile - ADR		52,920
	609	Banco de Credito e Inversiones SA		19,247
	2,100	Banco Santander Chile - ADR		29,106
	17,360	Cencosud SA		25,430
	14,285	Empresas CMPC SA		30,023
	4,842	Empresas COPEC SA		36,315
	9,000	Enel Americas SA - ADR		58,140
	27,717	SACI Falabella		81,202
	1,500	Sociedad Quimica y Minera de Chile SA - ADR		48,630
				381,013
		China  22.3%
	4,500	AAC Technologies Holdings, Inc. - ADR		24,482
	96,000	Agricultural Bank of China Ltd.		30,120
	4,700	Alibaba Group Holding Ltd. - ADR (a)		1,381,706
	82	ANTA Sports Products Ltd. - ADR		21,402
	100	Autohome, Inc. - ADR		9,600
	500	Baidu, Inc. - ADR (a)		63,295
	191,000	Bank of China Ltd.		59,405
	236,000	China Construction Bank Corp.		153,346
	2,700	China Life Insurance Co. Ltd. - ADR (a)		30,564
	18,000	China Mengniu Dairy Co. Ltd.		84,901
	9,500	China Merchants Bank Co. Ltd.		45,081
	2,400	China Mobile Ltd. - ADR		77,184
	10,000	China Overseas Land & Investment Ltd.		25,260
	5,200	China Pacific Insurance Group Co. Ltd.		14,851
	500	China Petroleum & Chemical Corp. - ADR		20,230
	6,000	China Resources Land Ltd.		27,365
	300	CNOOC Ltd. - ADR		28,815
	14,000	Country Garden Holdings Co. Ltd.		17,335
	10,400	CSPC Pharmaceutical Group Ltd.		20,301
	400	ENN Energy Holdings Ltd.  ADR		17,420
	400	GDS Holdings Ltd. - ADR (a)		32,732
	400	Geely Automobile Holdings Ltd. - ADR		16,216
	1,000	Hengan International Group Co. Ltd. - ADR		36,204
	100	HUYA, Inc. - ADR (a)		2,395
	150,000	Industrial & Commercial Bank Of China Ltd.		78,134
	2,000	JD.com, Inc. - ADR (a)		155,220
	100	JOYY, Inc. - ADR (a)		8,067
	14,000	Kingdee International Software Group Co Ltd.		36,516
	48,000	Lenovo Group Ltd.		31,736
	6,400	Meituan Dianping -Class (a)		201,608
	100	NetEase, Inc. - ADR		45,467
	200	New Oriental Education & Technology Group, Inc. - ADR (a)		29,900
	400	PetroChina Co. Ltd. - ADR		11,776
	400	Pinduoduo, Inc. - ADR (a)		29,660
	5,400	Ping An Insurance Group Co. of China Ltd. - ADR		112,104
	3,800	Semiconductor Manufacturing International Corp. - ADR (a)		44,384
	1,900	Shenzhou International Group Holdings Ltd.		32,355
	18,000	Sino Biopharmaceutical Ltd.		19,711
	15,000	Sun Art Retail Group Ltd.		16,654
	6,000	Sunac China Holdings Ltd.		23,639
	4,500	Sunny Optical Technology Group Co. Ltd.		69,895
	700	TAL Education Group - ADR (a)		53,228
	11,600	Tencent Holdings Ltd. - ADR		784,740
	600	Tencent Music Entertainment Group - ADR (a)		8,862
	14,000	Tingyi Cayman Islands Holding Corp.		24,790
	900	Trip.com Group Ltd. - ADR (a)		28,026
	700	Vipshop Holdings Ltd. - ADR (a)		10,948
	33,000	Want Want China Holdings Ltd.		23,060
	1,500	Wuxi Biologics Cayman, Inc. (a)		36,762
	41,400	Xiaomi Corp. - Class B (a)		112,071
	2,000	Yihai International Holding Ltd.		31,414
	600	Yum China Holdings, Inc.		31,770
	600	ZTO Express Cayman, Inc. - ADR		17,952
				4,350,659
		Colombia  2.6%
	10,482	Bancolombia SA		66,502
	11,300	Ecopetrol SA - ADR		111,192
	26,543	Grupo Argos SA		80,454
	48,135	Interconexion Electrica SA ESP		256,334
				514,482
		Cyprus  0.0%
	3,747	Cairo Mezz PLC (a)		316
		Czech Republic  0.9%
	6,230	CEZ AS		117,801
	1,477	Komercni banka AS (a)		31,121
	10,580	Moneta Money Bank AS		24,295
				173,217
		Egypt  5.0%
	113,476	Commercial International Bank Egypt SAE		478,976
	129,811	Egyptian Financial Group-Hermes Holding Co. (a)		113,089
	139,468	El Sewedy Electric Co.		60,689
	511,434	Talaat Moustafa Group		206,180
	165,268	Telecom Egypt Co.		122,800
				981,734
		Greece  2.0%
	21,797	Alpha Bank AE (a)		13,180
	44,969	Eurobank Ergasias SA (a)		19,782
	10,712	Hellenic Telecommunications Organization SA		154,278
	5,858	JUMBO SA		102,564
	2,874	Motor Oil Hellas Corinth Refineries SA		33,849
	4,685	Mytilineos SA		50,195
	15,838	National Bank of Greece SA (a)		19,847
				393,695
		Hungary  0.7%
	5,788	MOL Hungarian Oil & Gas PLC (a)		31,505
	1,766	OTP Bank NYRT (a)		53,154
	2,499	Richter Gedeon NYRT		52,750
				137,409
		India  4.2%
	1,311	Axis Bank Ltd. - GDR		38,639
	700	Dr. Reddy's Laboratories Ltd. - ADR		48,692
	3,600	HDFC Bank Ltd. - ADR		179,856
	6,600	ICICI Bank Ltd. - ADR		64,878
	11,600	Infosys Ltd. - ADR		160,196
	2,216	Larsen & Toubro Ltd. - GDR		27,626
	3,411	Reliance Industries Ltd. GDR		207,153
	555	State Bank of India - GDR (a)		14,097
	3,800	Tata Motors Ltd. - ADR (a)		34,542
	9,200	Wipro Ltd.		43,240
				818,919
		Indonesia  2.2%
	366,800	Astra International Tbk PT		110,440
	42,100	Bank Central Asia Tbk PT		76,850
	3,400	Bank Mandiri Persero Tbk PT - ADR		22,372
	239,500	Bank Rakyat Indonesia Persero Tbk PT		49,134
	63,700	Charoen Pokphand Indonesia Tbk PT (a)		24,383
	310,000	Kalbe Farma Tbk PT		32,390
	5,700	Telekomunikasi Indonesia Persero Tbk PT - ADR (a)		99,009
	45,500	Unilever Indonesia Tbk PT		24,828
				439,406
		Kuwait  2.7%
	31,699	Agility Public Warehousing Co. KSC (a)		67,886
	11,199	Humansoft Holding Co. KSC (a)		94,977
	39,605	Kuwait Finance House KSCP		85,601
	60,777	Mobile Telecommunications Co. KSC		113,863
	58,828	National Bank of Kuwait SAKP		167,685
				530,012
		Malaysia  2.6%
	37,000	CIMB Group Holdings BHD		27,477
	33,100	Dialog Group BHD		30,372
	28,300	DiGi.Com BHD		27,510
	11,400	Hartalega Holdings BHD		44,650
	38,600	Malayan Banking BHD		67,149
	23,700	Maxis BHD		29,017
	21,700	Petronas Chemicals Group BHD		29,402
	7,600	Petronas Gas BHD		30,136
	25,900	Public Bank BHD		97,958
	27,300	Tenaga Nasional BHD		69,081
	26,100	Top Glove Corp BHD		52,331
				505,083
		Mexico  2.8%
	13,200	America Movil SAB de CV - ADR		164,868
	7,900	Cemex Sab De CV - ADR		30,020
	300	Coca-Cola Femsa SAB de CV - ADR		12,216
	16,600	Fibra Uno Administracion SA de CV		13,108
	1,600	Fomento Economico Mexicano SAB de CV - ADR		89,904
	200	Grupo Aeroportuario del Pacifico SAB de CV - ADR		16,128
	100	Grupo Aeroportuario del Sureste SAB de CV - ADR (a)		11,603
	17,000	Grupo Financiero Banorte SAB de CV (a)		58,731
	18,500	Grupo Mexico SAB de CV -Class B		47,088
	3,400	Grupo Televisa SAB - ADR (a)		21,012
	3,600	Wal-Mart de Mexico SAB de CV - ADR		86,184
				550,862
		Pakistan  4.7%
	99,104	Engro Corp. Ltd.		180,144
	207,700	Fauji Fertilizer Co. Ltd.		135,409
	29,782	Lucky Cement Ltd.		116,372
	157,148	MCB Bank Ltd.		164,596
	85,400	Oil & Gas Development Co. Ltd.		53,244
	312,500	The Hub Power Co. Ltd (a)		148,171
	174,900	United Bank Ltd.		121,711
				919,647
		Peru  1.7%
	6,800	Cia de Minas Buenaventura SAA - ADR		83,096
	1,000	Credicorp Ltd.		123,990
	2,800	Southern Copper Corp.		126,756
				333,842
		Philippines  2.1%
	2,990	Ayala Corp.		42,754
	75,200	Ayala Land, Inc.		46,282
	16,820	Bank of the Philippine Islands		22,271
	28,410	BDO Unibank, Inc.		50,694
	27,150	JG Summit Holdings, Inc.		33,827
	15,680	Jollibee Foods Corp.		47,007
	980	PLDT, Inc.		26,932
	2,710	SM Investments Corp.		49,422
	114,000	SM Prime Holdings, Inc.		69,473
	7,680	Universal Robina Corp.		21,300
				409,962
		Poland  1.5%
	1,099	Bank Polska Kasa Opieki SA		14,316
	574	CD Projekt SA (a)		62,152
	586	Dino Polska SA (a)		34,472
	1,224	KGHM Polska Miedz SA (a)		37,457
	44	LPP SA (a)		74,774
	1,224	Polski Koncern Naftowy ORLEN SA		14,527
	5,475	Powszechna Kasa Oszczednosci Bank Polski SA		30,049
	3,869	Powszechny Zaklad Ubezpieczen SA		24,829
				292,576
		Qatar  2.8%
	39,021	Industries Qatar QSC		106,014
	95,127	Mesaieed Petrochemical Holding Co.		54,340
	11,691	Qatar Electricity & Water Co. QSC		54,378
	11,190	Qatar Fuel QSC		54,500
	13,513	Qatar Islamic Bank SAQ		61,302
	41,984	Qatar National Bank QPSC		210,189
				540,723
		Russia 6.1%
	14,531	Gazprom PJSC - ADR		63,238
	967	LUKOIL PJSC - ADR		55,874
	6,776	Magnit PJSC - GDR		101,009
	3,270	Mail.ru Group Ltd. - GDR (a)		89,473
	7,813	MMC Norilsk Nickel PJSC - ADR		188,475
	4,300	Mobile TeleSystems PJSC -ADR		37,539
	206	Novatek PJSC - GDR		28,198
	2,246	Polymetal International PLC		48,939
	451	Polyus PJSC - GDR		47,514
	25,396	Sberbank of Russia - ADR (a)		296,485
	523	Tatneft PJSC - ADR		18,700
	2,236	X5 Retail Group NV - GDR		82,633
	1,900	Yandex NV - Class A (a)		123,975
				1,182,052
		South Africa  1.9%
	2,622	Absa Group Ltd.		13,893
	900	AngloGold Ashanti Ltd. - ADR		23,742
	717	Bid Corp. Ltd.		11,031
	8,128	FirstRand Ltd.		19,945
	1,800	Gold Fields Ltd. - ADR		22,122
	1,900	Impala Platinum Holdings Ltd. - ADR		16,732
	3,842	MTN Group Ltd.		12,890
	4,700	Naspers Ltd. - ADR		166,897
	1,353	Nedbank Group Ltd.		8,096
	10,484	Old Mutual Ltd.		6,462
	1,907	Remgro Ltd.		10,658
	4,171	Sanlam Ltd.		12,856
	900	Sasol Ltd. - ADR (a)		6,840
	2,743	Standard Bank Group Ltd.		17,618
	1,470	Vodacom Group Ltd.		10,780
				360,562
		South Korea  4.9%
	114	Celltrion, Inc. (a)		25,076
	199	Hyundai Mobis Co. Ltd.		39,041
	341	Hyundai Motor Co.		51,941
	169	Kakao Corp.		52,551
	600	KB Financial Group, Inc. - ADR		19,272
	793	Kia Motors Corp.		31,801
	900	Korea Electric Power Corp. - ADR (a)		7,839
	56	LG Chem Ltd.		31,258
	33	LG Household & Health Care Ltd.		40,723
	341	NAVER Corp.		86,655
	500	POSCO - ADR		20,930
	31	Samsung Biologics Co Ltd. (a)		18,276
	337	Samsung Electronics Co. Ltd. - GDR		427,291
	1,200	Shinhan Financial Group Co. Ltd. - ADR		27,564
	845	SK Hynix, Inc.		60,572
	320	Woori Financial Group, Inc. - ADR		7,066
				947,856
		Taiwan 4.5%
	2,600	ASE Technology Holding Co. Ltd. - ADR		10,608
	32,000	CTBC Financial Holding Co Ltd.		20,445
	18,709	E.Sun Financial Holding Co Ltd.		16,662
	2,000	Eclat Textile Co Ltd.		25,007
	7,000	Formosa Plastics Corp.		19,125
	9,000	Hon Hai Precision Industry Co. Ltd. - GDR		48,600
	1,000	Hotai Motor Co. Ltd.		22,384
	2,000	MediaTek, Inc.		42,378
	32,000	Mega Financial Holding Co Ltd.		30,885
	3,000	President Chain Store Corp.		27,306
	6,900	Taiwan Semiconductor Manufacturing Co. Ltd. - ADR		559,383
	22,000	Uni-President Enterprises Corp.		47,647
				870,430
		Thailand  1.1%
	3,000	Advanced Info Service PCL - NVDR		16,253
	11,400	Airports of Thailand PCL - NVDR		20,426
	4,200	Bumrungrad Hospital PCL - NVDR		12,659
	11,400	Central Pattana PCL - NVDR		15,379
	17,400	Central Retail Corp PCL - NVDR (a)		14,360
	15,100	CP ALL PCL - NVDR		28,785
	53,500	Home Product Center PCL -NVDR		24,392
	9,500	Kasikornbank PCL - NVDR		23,191
	23,700	Minor International PCL - NVDR (a)		14,988
	15,800	PTT PCL - NVDR		16,035
	1,900	The Siam Cement PCL - NVDR		19,352
				205,820
		Turkey  2.3%
	73,596	Akbank TAS (a)		48,479
	15,754	BIM Birlesik Magazalar AS		141,254
	8,685	Ford Otomotiv Sanayi AS		98,401
	4,772	Tupras Turkiye Petrol Rafinerileri AS (a)		48,957
	35,633	Turkcell Iletisim Hizmetleri AS		69,454
	57,255	Turkiye Garanti Bankasi AS (a)		52,331
				458,876
		United Arab Emirates  2.7%
	28,885	Abu Dhabi Commercial Bank PJSC		44,578
	88,180	Aldar Properties PJSC		48,667
	77,511	Emaar Malls PJSC (a)		31,711
	77,417	Emaar Properties PJSC (a)		59,455
	54,217	Emirates Telecommunications Group Co. PJSC		246,409
	30,900	First Abu Dhabi Bank PJSC		95,350
				526,170
		Vietnam  2.7%
	14,090	Bank for Foreign Trade of Vietnam JSC		51,599
	62,946	Hoa Phat Group JSC (a)		72,210
	11,520	Masan Group Corp. (a)		27,256
	27,168	Vietnam Dairy Products JSC		128,559
	24,870	Vincom Retail JSC (a)		29,939
	28,730	Vingroup JSC (a)		114,055
	28,250	Vinhomes JSC		92,907
				516,525
		Total Common Stocks
		(Cost $18,303,630)		18,145,310
PREFERRED STOCKS 1.5%
		Brazil  0.8%
	12,340	Banco Bradesco SA - ADR (b)		42,326
	9,100	Itau Unibanco Holding SA -ADR (b)		36,218
	14,400	Itausa - Investimentos Itau SA (b)		22,667
	4,543	Lojas Americanas SA (b)		22,853
	4,100	Petroleo Brasileiro SA - ADR (b)		28,864
	1,300	Telefonica Brasil SA - ADR (b)		9,971
				162,899
		Colombia  0.7%
	5,500	Bancolombia SA - ADR (b)		140,525
		Total Preferred Stocks
		(Cost $482,139)		303,424
EXCHANGE TRADED FUNDS 3.0%
	19,900	iShares MSCI Saudi Arabia ETF		591,030
		Total Exchange Traded Funds
		(Cost $591,914)		591,030
RIGHTS 0.0%
		Thailand  0.0%
	1,077	Minor International PCL		253
	268	The Siam Cement PCL - NVDR (c)		0
				253
		Total Rights
		(Cost $0)		253
SHORT-TERM INVESTMENTS 2.2%
		Money Market Deposit Account 2.2%
	420,198	U.S. Bank N.A., 0.04% (d)		420,198
		Total Short-Term Investments
		(Cost $420,198)		420,198
		Total Investments 99.7%
		(Cost $19,797,881)		19,460,215
		Other Assets in Excess of Liabilities 0.3%		49,428
		TOTAL NET ASSETS 100.0%	$	19,509,643
(a) Non-Income Producing.
(b) Preferred stocks are shares that carry certain preferential rights. The dividend rate may not be consistent each pay period and could be zero for a particular year.
(c) Illiquid security, pursuant to guidelines established by the Board of Directors. The Fund may invest up to 15% of its net assets in illiquid securities. Securities are generally considered liquid if they can be sold or disposed of in the ordinary course of business within seven calendar days at approximately the price at which the security is valued by the Fund.
(d) The Money Market Deposit Account ("MMDA") is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and may change daily and by any amount. The rate shown is as of September 30, 2020.
ADR - American Depositary Receipt
GDR - Global Depositary Receipt
NVDR - Non-Voting Depository Receipt

 

Investment Valuation – Securities are valued at their fair value. Equity securities, including preferred stocks, that are traded on a national securities exchange, except for those traded on NASDAQ Global Market, NASDAQ Global Select Market and NASDAQ Capital Market exchanges (together, "NASDAQ"), for which market quotations are readily available are valued at the last reported sale price on the national securities exchange on which such securities are principally traded. Equity securities that are traded on NASDAQ are valued using the NASDAQ Official Closing Price ("NOCP"). Equity securities for which there were no transactions on a given day or securities not listed on a national securities exchange are valued at the most recent quoted bid price. Debt securities are valued at the bid price provided by an independent pricing service, which uses valuation methods such as matrix pricing and other analytical pricing models, as well as market transactions and other market inputs. Shares of underlying mutual funds are valued at their respective Net Asset Value ("NAV"). Deposit accounts are valued at acquisition cost which approximates fair value. Exchange-traded funds and closed-end funds are valued at the last reported sale price on the exchange on which the security is principally traded. Securities that are primarily traded on foreign exchanges generally are valued at the last sale price of such securities on their respective exchange. In the case of foreign securities, the occurrence of events after the close of the foreign markets, but prior to the time a Fund's NAV is calculated, will result in a systematic fair value adjustment to the trading prices of foreign securities provided that there is a movement in the markets that exceeds a threshold established by the Board of Directors (the "Board") and provided the fair value prices exceed a pre-established confidence level. The Funds will also value foreign securities at fair value using fair valuation procedures approved by the Board in the case of other significant events relating to a particular foreign issuer or market. In such cases, use of fair valuation can reduce an investor's ability to seek to profit by estimating the Fund's NAV in advance of the time the NAV is calculated. The Board has retained an independent fair value pricing service to assist in valuing foreign securities held by the Frontier MFG Global Equity, Frontier MFG Global Plus, Frontier MFG Global Sustainable, Frontier MFG Core Infrastructure, Frontier MFG Select Infrastructure and Frontier Caravan Emerging Markets Funds. In valuing assets, prices denominated in foreign currencies are converted to U.S. dollar equivalents at the current exchange rate, which approximates fair value. Any securities or other assets for which market quotations are not readily available are valued at their fair value as determined in good faith by the Adviser or subadvisers pursuant to guidelines established by the Board. The Board has appointed a Valuation Committee to assist the Board in its oversight of the Funds' valuation procedures.

The Funds follow a fair value hierarchy that distinguishes between market data obtained from independent sources (observable inputs) and the Funds' own market assumptions (unobservable inputs). These inputs are used in determining the value of each Fund's investments and are summarized in the following fair value hierarchy:

Level 1 — Quoted prices in active markets for identical securities that the Funds have the ability to access

Level 2 — Evaluated prices based on other significant observable inputs (including quoted prices for similar securities, foreign security indices, foreign exchange rates, fair value estimates for foreign securities and changes in benchmark securities indices)

Level 3 — Significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments)

The following is a summary of inputs used to value the Funds’ securities as of September 30, 2020:

Global Equity Fund
Description	Level 1		Level 2		Level 3		Total
Equity (a)
Common Stocks	$	794,185,399	$	280,929,634	$	-	$	1,075,115,033
Total Equity		794,185,399		280,929,634		-		1,075,115,033
Short-Term Investments		135,640,886		-		-		135,640,886
Total Investments in Securities	$	929,826,285	$	280,929,634	$	-	$	1,210,755,919
Global Plus Fund
Description	Level 1		Level 2		Level 3		Total
Equity (a)
Common Stocks	$	416,221,835	$	146,830,545	$	-	$	563,052,380
Total Equity		416,221,835		146,830,545		-		563,052,380
Short-Term Investments		75,089,684		-		-		75,089,684
Total Investments in Securities	$	491,311,519	$	146,830,545	$	-	$	638,142,064
Global Sustainable Fund
Description	Level 1		Level 2		Level 3		Total
Equity (a)
Common Stocks	$	6,076,348	$	3,666,777	$	-	$	9,743,125
Total Equity		6,076,348		3,666,777		-		9,743,125
Short-Term Investments		1,549,706		-		-		1,549,706
Total Investments in Securities	$	7,626,054	$	3,666,777	$	-	$	11,292,831
Core Fund
Description	Level 1		Level 2		Level 3		Total
Equity (a)
Common Stocks	$	364,731,211	$	274,363,368	$	-	$	639,094,579
Closed-End Funds		3,133,692		4,348,719		-		7,482,411
Total Equity		367,864,903		278,712,087		-		646,576,990
Short-Term Investments		6,781,166		-		-		6,781,166
Total Investments in Securities	$	374,646,069	$	278,712,087	$	-	$	653,358,156
Select Fund
Description	Level 1		Level 2		Level 3		Total
Equity (a)
Common Stocks	$	41,439,546	$	40,194,471	$	-	$	81,634,017
Total Equity		41,439,546		40,194,471		-		81,634,017
Short-Term Investments		7,777,159		-		-		7,777,159
Total Investments in Securities	$	49,216,705	$	40,194,471	$	-	$	89,411,176
Caravan Fund
Description	Level 1		Level 2		Level 3		Total
Equity (a)
Common Stocks	$	7,445,740	$	10,699,570	$	-	$	18,145,310
Preferred Stocks		303,424		-		-		303,424
Exchange-Traded Funds		591,030		-		-		591,030
Rights		253		-		-		253
Total Equity		8,340,447		10,699,570		-		19,040,017
Short-Term Investments		420,198		-		-		420,198
Total Investments in Securities	$	8,760,645	$	10,699,570	$	-	$	19,460,215
(a) See each Fund's Schedule of Investments for sector or country classifications.

Tax Disclosure - Each Fund intends to comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended, necessary to qualify as a regulated investment company and to make the requisite distributions of income and capital gains to its shareholders sufficient to relieve it from all or substantially all federal income taxes. Therefore, no federal income tax provision has been provided.

The Funds have adopted financial reporting rules regarding recognition and measurement of tax positions taken or expected to be taken on a tax return. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense on the Statements of Operations. During the period, the Funds did not incur any interest or penalties. The Funds have reviewed all open tax years and concluded that there is no effect to any of the Fund's financial positions or results of operations and no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on a tax return. The Funds have no examinations in progress.