MFG Global Plus OverviewQuarterlyHistorical NAVs
The Frontier MFG Global Plus Fund's goal, also referred to as its investment objective, is capital appreciation.
Principal Investment Strategy
The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in a non-diversified portfolio of publicly-traded equity securities issued by U.S. and non-U.S. companies. The Fund will allocate its assets among issuers located in at least three different countries and will invest at least 40% of its net assets in non-U.S. companies. The Fund's subadviser, Magellan Asset Management Limited doing business as MFG Asset Management ("MFG Asset Management") may reduce the 40% minimum investment to 30% if it deems market conditions to be unfavorable. MFG seeks to identify high quality companies at attractive prices while integrating an in depth macroeconomic understanding in order to manage risk. The Fund will normally hold a concentrated number (generally 20 to 40) of companies and typically with a market capitalization in excess of U.S. $25 billion at the time of purchase.
Total Returns as of June 30, 2020
|YTD ||1 Year ||3 Year* ||5 Year* ||Since Inception* |
|14.85% ||-0.94% ||7.65% ||11.95% ||10.37% ||9.62% |
*Average annual return
Annual Fund Operating Expenses (As of Prospectus Dated 10/31/19)
(expenses that are deducted from Fund assets)
| ||Class Y ||Institutional Class ||Service Class |
|Management Fees ||0.80% ||0.80% ||0.80% |
|Distribution (12b-1) Fees ||0.25% ||None ||None |
|Other Expenses || || || |
| Shareholder Servicing Fee ||0.15% ||None ||0.15% |
| Additional Other Expenses ||0.09% ||0.09% ||0.09% |
|Total Other Expenses ||0.24% ||0.09% ||0.24% |
|Acquired Fund Fees and Expenses ||0.03% ||0.03% ||0.03% |
|Total Annual Fund Operating Expenses ||1.32% ||0.92% ||1.07% |
|Fee Waiver ||-0.09% ||-0.09% ||-0.09% |
|Net Expenses ||1.23% ||0.83% ||0.98% |
A redemption fee of 2.00% will be charged on shares of the Fund redeemed 30 days or less from their date of purchase.
Pursuant to an expense cap agreement between the Fund’s adviser, Frontegra Asset Management, Inc. ("Frontegra") and the Fund, Frontegra agreed to waive its management fee and/or reimburse the Fund’s operating expenses to the extent necessary to ensure that the Fund’s total operating expenses (excluding acquired fund fees and expenses) do not exceed 0.80%, 0.95%, and 1.20% of the Fund's average daily net assets for Institutional Class, Service Class, and Class Y shares, respectively. The expense cap agreement for the Fund will continue in effect until October 31, 2021, with successive renewal terms of one year unless terminated by Frontegra or the Fund prior to any such renewal. “Other Expenses” are based on estimated amounts for the current fiscal year.
Past performance does not guarantee future results. The principal value of an investment and investment return will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted and may be obtained by calling 888-825-2100. Investment performance reflects contractual fee waivers in effect. In the absence of such waiver, total returns would be reduced.
The Fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the Frontier Funds, and it may be obtained by downloading or calling 888-825-2100. To download, select the Prospectus option located on the right sidebar.
Mutual fund investing involves risk; principal loss is possible.
Principal Risk Factors. The main risks of investing in the Fund are:
Market Risks. The Fund's investments are subject to market risk, which may cause the value of the Fund's investments to decline. If the value of the Fund's investments goes down, the share price of the Fund will go down, and you may lose money. U.S. and international markets have experienced extreme volatility, reduced liquidity, credit downgrades, increased likelihood of default and valuation difficulties in recent years.
Equity Securities Risks. Common stocks and other equity securities held by the Fund will fluctuate in value based on the earnings of the company and on general industry and market conditions, leading to fluctuations in the Fund's share price.
Non-Diversification Risks. The Fund is non-diversified, which means it may invest more of its assets in a smaller number of companies than funds that are diversified. Gains or losses on a single company may have greater impact on the Fund than for other funds that invest in a greater number of companies.
Stock Selection Risks. The stocks selected for the Fund may decline in value or not increase in value when the stock market in general is rising.
Large Capitalization Risks. Large-cap companies perform differently from, and at times and for extended periods of time worse than, stocks of mid- and small-cap companies. Larger, more established companies may be unable to respond quickly to new competitive challenges.
Foreign Securities Risks. Investments in securities of foreign companies involve additional risks, including less liquidity, currency-rate fluctuations, political and economic instability and differences in financial reporting standards and securities market regulation, and imposition of foreign withholding taxes.
Currency Risks. The value of the Fund's foreign holdings as measured in U.S. dollars may be affected unfavorably by changes in foreign currency exchange rates. The Fund may also incur costs in connection with conversions between various currencies.
Management Risks. The Fund is subject to management risk as an actively-managed investment portfolio and depends on the decisions of the portfolio manager to produce the desired results.
The Frontier Funds are not offered for sale in countries other than the United States and its territories.