Frontier Funds Faces Delisting Concerns

TL;DR

Frontier Funds might be delisted - big trouble brewing.

AI Summary

Frontier Funds (formerly Equinox Frontier Funds) and Frontier Heritage Fund (formerly Equinox Frontier Heritage Fund) filed an 8-K on December 5, 2025, reporting a notice of delisting or failure to satisfy continued listing rules. The filing also covers other events, with the date of change noted as December 4, 2025. Both entities are incorporated in Delaware and have a fiscal year end of December 31.

Why It Matters

This filing indicates potential issues with the listing status of Frontier Funds and Frontier Heritage Fund, which could impact investor confidence and the ability to trade shares.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards is a significant negative event that can lead to severe consequences for the company and its investors.

Key Players & Entities

• Frontier Funds (company) — Filer, formerly Equinox Frontier Funds
• Frontier Heritage Fund (company) — Filer, formerly Equinox Frontier Heritage Fund
• 0001213900-25-118400 (accession_number) — Filing accession number
• 20251205 (date) — Filing date
• 20251204 (date) — Date of change
• DE (state) — State of incorporation

FAQ

Filing Documents

• ea0268412-8k_frontier.htm (8-K) — 70KB
• 0001213900-25-118400.txt ( ) — 233KB
• cik0001261379-20251128.xsd (EX-101.SCH) — 3KB
• cik0001261379-20251128_lab.xml (EX-101.LAB) — 33KB
• cik0001261379-20251128_pre.xml (EX-101.PRE) — 22KB
• ea0268412-8k_frontier_htm.xml (XML) — 3KB

01. Notice of

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On November 28, 2025, Frontier Fund Management, the managing owner of the Registrant, has determined to delist, liquidate, dissolve and wind up the affairs of the Registrant. The Registrant is immediately suspending redemption orders. The managing owner authorized a plan to (i) liquidate the Registrant; (ii) delist the pool with the National Futures Association; and (iii) deregister the Registrant under the Securities Exchange Act of 1934, as amended, and therefore, terminate the obligation of the Registrant to file its periodic and current reports with the Securities and Exchange Commission ("SEC"). The managing owner intends to file a Form 15 with the SEC as soon as practicable to suspend the Registrant's duty to file reports under Sections 13(a) and 15(d) of the Exchange Act.

Forward-Looking Statements

Forward-Looking Statements The managing owner's statements contained in this Current Report on Form 8-K that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may differ materially from those included in the forward-looking statements. The managing owner intends for such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and the managing on certain assumptions and describe future plans, strategies, intentions and expectations, are generally identifiable by use of the words "expect," "project," "may," "will," "should," "could," "would," "intend," "plan," "propose," "anticipate," "estimate," "believe," "continue," "predict," "potential" or the negative of such terms and other comparable terminology. The managing owner's ability to predict results or the actual effect of future plans or strategies is inherently uncertain.

01. Other Events

Item 8.01. Other Events. Effective November 28, 2025, Frontier Fund Management, the managing owner of the Registrant, removed Aspect Capital Limited ("Aspect"), Horizon3 Investment Management LLP ("Horizon3"), Quantica Capital AG ("Quantica") and Quantitative Investment Management, LLC ("QIM"). Aspect, Horizon3, Quantica and QIM were major commodity trading advisors for Frontier Balanced Fund. Additionally, Aspect, Horizon3, Quantica and QIM were accessed through commodity pools on the Galaxy Plus Managed Account platform and/or reference programs for the Frontier Balanced Fund. As a result of the removal of Aspect, Horizon3, Quantica and QIM, the managing owner has made the following allocation adjustments to Frontier Balanced Fund. As of December 1, 2025, the allocation of the assets of the Frontier Balanced Fund between the trading advisors was as follows: Advisor Allocation as of December 1, 2025 (expressed as a percentage of aggregate notional exposure to commodity trading programs) Aspect Capital Limited (accessed via Galaxy Plus Fund – Aspect Feeder Fund (532) LLC) 0% Horizon3 Investment Management LLP (accessed via Galaxy Plus Fund – Horizon3 Feeder Fund (577) LLC) 0% Quantica Capital AG (accessed via Galaxy Plus Fund – Quantica Feeder Fund (507) LLC) 0% Quantitative Investment Management, LLC (accessed via Galaxy Plus Fund – QIM Feeder Fund (526) LLC) 0% 1 Effective November 28, 2025, Frontier Fund Management, the managing owner of the Registrant, removed Aspect, Horizon3, Quantica and QIM. Aspect, Horizon3, Quantica and QIM were major commodity trading advisors for Frontier Diversified Fund. Additionally, Aspect, Horizon3, Quantica and QIM were accessed through commodity pools on the Galaxy Plus Managed Account platform and/or reference programs for the Frontier Diversified Fund. As a result of the removal of Aspect, Horizon3, Quantica and QIM, the managing owner has made the following allocation adjustments to Frontier Diver

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Frontier Funds (Registrant) Date: December 4, 2025 By: /s/ Patrick F. Hart III Patrick F. Hart III President and Chief Executive Officer of Frontier Fund Management, LLC, the Managing Owner

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Frontier Balanced Fund, a Series of Frontier Funds (Registrant) Date: December 4, 2025 By: /s/ Patrick F. Hart III Patrick F. Hart III President and Chief Executive Officer of Frontier Fund Management, LLC, the Managing Owner of Frontier Balanced Fund, a Series of Frontier Funds

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Frontier Diversified Fund, a Series of Frontier Funds (Registrant) Date: December 4, 2025 By: /s/ Patrick F. Hart III Patrick F. Hart III President and Chief Executive Officer of Frontier Fund Management, LLC, the Managing Owner of Frontier Diversified Fund, a Series of Frontier Funds 4

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Frontier Masters Fund, a Series of Frontier Funds (Registrant) Date: December 4, 2025 By: /s/ Patrick F. Hart III Patrick F. Hart III President and Chief Executive Officer of Frontier Fund Management, LLC, the Managing Owner of Frontier Masters Fund, a Series of Frontier Funds

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Frontier Long/Short Commodity Fund, a Series of Frontier Funds (Registrant) Date: December 4, 2025 By: /s/ Patrick F. Hart III Patrick F. Hart III President and Chief Executive Officer of Frontier Fund Management, LLC, the Managing Owner of Frontier Long/Short Commodity Fund, a Series of Frontier Funds

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Frontier Heritage Fund, a Series of Frontier Funds (Registrant) Date: December 4, 2025 By: /s/ Patrick F. Hart III Patrick F. Hart III President and Chief Executive Officer of Frontier Fund Management, LLC, the Managing Owner of Frontier Heritage Fund, a Series of Frontier Funds 5

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Frontier Select Fund, a Series of Frontier Funds (Registrant) Date: December 4, 2025 By: /s/ Patrick F. Hart III Patrick F. Hart III President and Chief Executive Officer of Frontier Fund Management, LLC, the Managing Owner of Frontier Select Fund, a Series of Frontier Funds

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Frontier Global Fund, a Series of Frontier Funds (Registrant) Date: December 4, 2025 By: /s/ Patrick F. Hart III Patrick F. Hart III President and Chief Executive Officer of Frontier Fund Management, LLC, the Managing Owner of Frontier Global Fund, a Series of Frontier Funds 6

View Full Filing

View this 8-K filing on SEC EDGAR