Wed, Aug 14, 6:35 PM (153 days ago)
As of June 30, 2024, the Frontier Funds reported a decline in total assets to $11,683,344 from $12,021,523 at year-end 2023, driven by significant redemptions totaling $1,589,461. The funds experienced a net loss of $558,939 for the quarter, reflecting unrealized losses on private investments and trading activities. Investment income decreased to $4,713 from $9,675 year-over-year, with expenses notably high at $379,687, primarily due to service and trading fees. Key performance metrics showed declines in net asset values across various funds, with the Frontier Diversified Fund Class 2 decreasing to $78.69 from $79.50. The funds' operating performance highlighted negative returns, particularly in the Frontier Balanced Fund, which posted a loss of 2.51 per unit. The funds continue to face uncertainties related to market conditions affecting their trading strategies, particularly in derivatives and commodities. Future operations may be impacted by ongoing volatility and investor sentiment, necessitating careful management of cash flows and investment strategies to navigate potential risks.