MFG Global Sustainable OverviewQuarterlyHistorical NAVs
The Frontier MFG Global Sustainable Fund's goal, also referred to as its investment objective, is to seek attractive risk-adjusted returns over the medium to long-term while reducing the risk of permanent capital loss.
Principal Investment Strategy
The Fund invests, under normal market conditions, at least 80% of its net assets in shares of common stock of issuers listed on U.S. and international stock exchanges that meet the criteria for environmental, social and governance (“ESG”) and low carbon investments of the Fund’s subadviser, Magellan Asset Management Limited doing business as MFG Asset Management (“MFG Asset Management”). In selecting ESG investments, MFG Asset Management reviews a broad spectrum of ESG issues for their materiality of impact on the future earnings and risks of companies. MFG Asset Management considers amongst other things and where applicable: environmental issues, such as climate change and pollution; social issues, such as human rights and health and safety; and corporate governance issues, such as governance and compensation structures. The choice of ESG factors for any company will vary by industry and company. In addition, MFG Asset Management incorporates a proprietary process that facilitates the identification of companies with materially lower carbon factor risk through the analysis of factors such as carbon emissions intensity and fossil fuel exposure.
The Fund invests in a non-diversified portfolio of high-quality companies, which are companies that MFG Asset Management believes are market leaders in their industry, earn returns on capital above the cost of capital, and have long term and sustainable competitive advantages. The Fund will normally hold a limited number (generally 20 to 50) of companies in its portfolio that meet these criteria. The Fund may invest in forward foreign currency contracts for currency hedging purposes. Under normal market conditions, 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. MFG Asset Management may reduce this 40% minimum investment amount to 30% if it deems market conditions to be unfavorable. With respect to its non-U.S. investments, the Fund invests in companies located in developed countries, but may also invest in emerging markets as part of its principal investment strategy. The Fund may invest in companies of any size, but generally invests in companies with a market capitalization of at least $5 billion.
Total Returns as of June 30, 2020
|YTD ||Since Inception* |
|16.02% ||-3.52% ||4.36% |
*Average annual return
Annual Fund Operating Expenses (As of Prospectus Dated 12/17/18)
(expenses that are deducted from Fund assets)
|Management Fees ||0.80% |
|Distribution (12b-1) Fees ||None |
|Other Expenses ||0.65% |
|Acquired Fund Fees and Expenses ||0.00% |
|Total Annual Fund Operating Expenses ||1.45% |
|Fee Waiver ||-0.65% |
|Net Expenses ||0.80% |
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% of the Fund's average daily net assets. The expense cap agreement for the Fund will continue in effect until October 31, 2020, with successive renewal terms of one year unless terminated by Frontegra or the Fund prior to any such renewal. “Other Expenses” are presented before any waivers or expense reimbursements.
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.
Before investing, carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus containing this and other information which can be obtained by calling 888-825-2100. Read it carefully before investing.
Mutual fund investing involves risk, including the possible loss of the money you invest.
Principal Risk Factors
An investment in the Fund is subject to risks, and you could lose money on your investment in the Fund. There can be no assurance that the Fund will achieve its investment objective. The risks associated with an investment in the Fund can increase during times of significant market volatility. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries. The Fund is also non-diversified which means it may invest in a smaller number of securities than funds that are diversified. Gains or losses on a single security may have a greater impact on the Fund than for other funds that invest in a greater number of companies.
The Fund also has specific principal risks, which are listed below.
The principal risks of investing in the Frontier MFG Global Sustainable Fund include: market risk, common stock risk, non-diversification risk, derivatives risk, counterparty risk, management risk, ESG and low carbon investing risk, stock selection risk, foreign securities risk, emerging markets risk, currency risks, large capitalization risk, new fund risk, liquidity risk, market risk reduction strategy risk, and cybersecurity risk.
More detailed information regarding these risks can be found in the Fund's prospectus.
The Frontier Funds are not offered for sale in countries other than the United States and its territories.