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 Manager
Domenico Giuliano
In 2014, Dom became the portfolio manager of the Global Sustainable and the Global ESG strategies and in 2020, Dom was appointed Head of ESG. Prior to Magellan, Dom was an executive director at Morgan Stanley, with responsibility for leading sector coverage of insurance companies for Asia Pacific. Dom also worked as a consultant with Tillinghast-Towers Perrin, working across a wide span of assignments. Dom holds a Master of Business Administration from the Australian Graduate School of Management and a Bachelor of Economics from Macquarie University, and is a Fellow of the Institute of Actuaries of Australia. Dom is a member of Magellan's Investment Committee.
Fund Data
Ticker: FMSGX | CUSIP: 35908Y773
Total returns
(as of December 31, 2022)
| Last quarter | 5.94% |
|---|---|
| YTD | -22.11% |
| 1 Year | -22.11% |
| 3 Year* | -0.94% |
| Since Inception* (October 9, 2019) | 1.57% |
*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, 2022 (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 | 0.65% |
| Total 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% 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, 2024, 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 December 31, 2022)
| Last quarter | 5.94% |
|---|---|
| YTD | -22.24% |
| 1 Year | -22.24% |
| Since Inception* (October 20, 2020) | -3.96% |
*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, 2022 (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 | 0.65% |
| Total Other Expenses | 0.80% |
| Acquired Fund Fees and Expenses | 0.00% |
| Total Annual Fund Operating Expenses | 1.60% |
| Fee Waiver | -0.65% |
| 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, 2024, 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 December 31, 2022)
Top 10 Holdings
| Microsoft Corp | 7.03% |
|---|---|
| Alphabet Inc Class C | 6.75% |
| Walmart Inc | 5.14% |
| Visa Inc | 5.14% |
| Mastercard Inc | 5.13% |
| SAP SE | 4.60% |
| Yum! Brands Inc | 4.58% |
| Novartis AG | 4.32% |
| Unilever PLC | 4.18% |
| Procter & Gamble | 3.88% |
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, derivatives risk, counterparty 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.