funds

MFG Select Infrastructure

Investment Objective

The Frontier MFG Select Infrastructure 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, Magellan Asset Management Limited doing business as MFG Asset Management (“MFG Asset Management”) seeks to provide investors with exposure to the infrastructure sector and to deliver stable investment returns relative to other equity funds. 

The Fund will invest in a non-diversified portfolio of securities of infrastructure companies,  such as utilities, toll roads, airports, ports and communications companies, that MFG Asset Management has determined have an appropriate capital structure, are likely to generate reliable income streams and are likely to benefit from inflation protection.

The Fund will normally hold a limited number (typically 20 to 40) of companies that meet these criteria and typically with a market capitalization in excess of U.S. $500 million at the time of purchase.  The Fund will typically hold up to 20% of its assets in cash and cash equivalents.

Portfolio Manager

Gerald Stack

Gerald Stack

Prior to joining Magellan, Gerald was a director of Capital Partners (now known as CP2) where he was head of securities research and a member of the management and investment committees. Gerald has extensive experience in the analysis and investment management of listed and unlisted debt, equity and hybrid assets on a global basis.

Fund Data

Ticker: FMSIX | CUSIP: 35908Y757

Net Asset Value (NAV) $11.27 as of September 16, 2021
Download History

Total returns

(as of June 30, 2021)

Last quarter 3.03%
YTD 4.65%
1 Year 12.32%
Since Inception* (July 2, 2018) 5.49%

*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, 2020 (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 0.28%
Total Other Expenses 0.28%
Acquired Fund Fees and Expenses 0.00%
Total Annual Fund Operating Expenses 1.08%
Fee Waiver -0.28%
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 and Service Class shares, respectively. The expense cap agreement for the Fund will continue in effect until October 31, 2022, 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: FMSSX | CUSIP: 35908Y740

Net Asset Value (NAV) $11.28 as of September 16, 2021
Download History

Total returns

(as of June 30, 2021)

Last quarter 2.91%
YTD 4.60%
1 Year 12.22%
Since Inception* (February 19, 2019) 5.22%

*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, 2020 (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 0.28%
Total Other Expenses 0.43%
Acquired Fund Fees and Expenses 0.00%
Total Annual Fund Operating Expenses 1.23%
Fee Waiver -0.28%
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 and Service Class shares, respectively. The expense cap agreement for the Fund will continue in effect until October 31, 2022, 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 June 30, 2021)

Top 10 Holdings

Transurban Group 7.01%
Enbridge Inc 5.76%
Sempra Energy 4.99%
Atmos Energy Corp 4.94%
Crown Castle International 4.90%
American Tower Corp 4.84%
Vinci SA 4.58%
Eversource Energy 4.24%
Xcel Energy Inc 4.10%
Red Electrica Corp 3.95%

Region, by Country of Domicile

Sector Weightings

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. Investments in infrastructure companies will expose the Fund to potential adverse economic, regulatory, political and other changes affecting such investments. Issuers of securities in infrastructure-related businesses are subject to a variety of factors that may adversely affect their business or operations, including high interest costs in connection with capital construction programs, high leverage, costs associated with environmental or other regulations, the effects of economic slowdowns, adverse changes in fuel prices, the effects of energy conservation policies and other factors. 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 Select Infrastructure Fund include: market risk and recent market events, common stock risk, REIT risk, stapled securities risk, foreign securities risk, currency risk, non-diversification risk, management risk, infrastructure concentration risk, stock selection risk, emerging markets risk, large capitalization risk, cash and cash equivalents risk, liquidity 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.