MFG Global Sustainable Information
Frontier Funds information
Investment Objective
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's subadviser is Magellan Asset Management Limited doing business as MFG Asset Management ("MFG Asset Management"). In selecting securities for the Fund, MFG Asset Management reviews a broad spectrum of ESG issues for their materiality of impact on the future earnings and risks of companies. 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
MFG Asset Management 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 limited number (generally 20 to 50) of companies and typically with a market capitalization in excess of U.S. $5 billion at the time of purchase.
Portfolio Managers
Hannah Dickinson
Hannah has been at Magellan since 2016. In 2023, Hannah was promoted to Portfolio Manager in addition to her role as Sector Head Franchises and Healthcare. Before becoming the Sector Head in 2022, Hannah was the Co-Head of the Franchises team from 2020. Hannah joined Magellan to cover franchise and consumer stocks. Hannah's previous industry experience includes roles as an analyst in the investment banking division of MA Financial Group from 2015 and, prior to this, within the valuations team at KPMG. Hannah holds a Bachelor of Economics (Honours) and a Bachelor of Laws (Honours) from the University of Queensland.
Alan Pullen
Alan Pullen joined Magellan in 2012 and in 2016 was appointed Head of the Financials Team and Portfolio Manager. In 2022, Alan was appointed the Portfolio Manager of the High Conviction Strategy alongside Nikki Thomas and in 2023 additionally became the Portfolio Manager for the Magellan Sustainable Strategy. Prior to Magellan, Alan spent nearly seven years as an analyst and portfolio manager at Maple-Brown Abbott, primarily covering financials in Asia ex-Japan. Alan also worked for six years as an economist at the Reserve Bank of Australia, spending time as a banking sector analyst and in the Reserve Bank's business liaison program. Alan holds a Bachelor of Economics (Honours) from the University of Tasmania. Alan is a member of Magellan's Investment Committee.
Fund Data
Ticker: FMSGX | CUSIP: 35908Y773
Total returns
(as of September 30, 2023)
| Last quarter | -3.56% |
|---|---|
| YTD | 15.48% |
| 1 Year | 22.33% |
| 3 Year* | 2.56% |
| Since Inception* (October 9, 2019) | 5.00% |
*Average annual return
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. Performance current to the most recent month-end 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.
Annual Fund Operating Expenses
As of Prospectus Dated October 31, 2023 (expenses that are deducted from Fund assets)
| Management Fees | 0.80% |
|---|---|
| Distribution (12b-1) Fees | None |
| Other Expenses | |
| Shareholder Servicing Fee | None |
| Additional Other Expenses | 0.70% |
| Total Other Expenses | 0.70% |
| Acquired Fund Fees and Expenses | 0.00% |
| Total Annual Fund Operating Expenses | 1.50% |
| Fee Waiver | -0.70% |
| 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% and 0.95% of the Fund's average daily net assets for Institutional Class and Service Class shares, respectively. The expense cap agreement for the Fund will continue in effect until October 31, 2025, 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.
Ticker: FMSRX | CUSIP: 35908Y765
Total returns
(as of September 30, 2023)
| Last quarter | -3.49% |
|---|---|
| YTD | 15.49% |
| 1 Year | 22.36% |
| Since Inception* (October 20, 2020) | 1.89% |
*Average annual return
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. Performance current to the most recent month-end 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.
Annual Fund Operating Expenses
As of Prospectus Dated October 31, 2023 (expenses that are deducted from Fund assets)
| Management Fees | 0.80% |
|---|---|
| Distribution (12b-1) Fees | None |
| Other Expenses | |
| Shareholder Servicing Fee | 0.15% |
| Additional Other Expenses | 0.70% |
| Total Other Expenses | 0.85% |
| Acquired Fund Fees and Expenses | 0.00% |
| Total Annual Fund Operating Expenses | 1.65% |
| Fee Waiver | -0.70% |
| Net Expenses | 0.95% |
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% and 0.95% of the Fund's average daily net assets for Institutional Class and Service Class shares, respectively. The expense cap agreement for the Fund will continue in effect until October 31, 2025, 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.
Quarterly (as of September 30, 2023)
Top 10 Holdings
| Microsoft Corp | 7.36% |
|---|---|
| Alphabet Inc Class C | 7.03% |
| Nestle SA | 5.83% |
| Meta Platforms Inc | 4.81% |
| Amazon.com Inc | 4.49% |
| Novartis AG | 4.25% |
| Mastercard Inc | 4.19% |
| SAP SE | 4.14% |
| Booking Holdings Inc | 4.08% |
| Intercontinental Exchange Inc | 4.02% |
Region, by Country of Domicile
Important Fund Information
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.
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.
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. In pursuing an ESG and low carbon investment strategy, there is a risk that the Fund may invest in companies that underperform the global equity markets or other companies in a portfolio that do not employ such strategy because the Fund's universe of investments may be smaller than that of other funds. The Fund may forgo opportunities to gain exposure to certain companies, industries, sectors or countries, and it may choose to sell a security when it might otherwise be disadvantageous to do so.
The Fund invests in companies located in developed countries but may also invest in emerging markets as part of its principal investment strategy. Investments in emerging market securities involve additional risks. Investments in securities of foreign companies involve additional risks. The risks associated with an investment in the Fund can increase during times of significant market volatility. The Fund is also non-diversified which means it may invest in a smaller number of securities than funds that are diversified. 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 and recent market events, common stock risk, stock selection risk, foreign securities risk, emerging markets risk including China investing risk, currency risk, non-diversification risk, management risk, ESG and low carbon investing risk, large capitalization risk, American Depositary Receipts and Global Depositary Receipts risk, small fund risk, liquidity risk, shareholder concentration risk, sector emphasis risks, technology sector 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.